How will new Bank interest rate pain impact me?

<p>The Bank of England heaps more misery on Londoners with mortgages and credit card debt as the interest rate hits its highest level since 2008 - when Gordon Brown was prime minister.</p><p>In this episode:</p><p>- Base rate jump to four per cent now, up 0.5 per cent</p><p>- Tenth successive hike</p><p>- Bank of England tries desperately to curb soaring inflation</p><p>- What hike means for personal finances and food bills</p><p>- Now 2.3 million UK households say they missed essential payments amid cost-of-living crisis</p><p>- Oil giant Shell reports record mega-profits of more than £32 billion - fresh calls for new windfall tax</p><p>- Expert analysis with Dr Jo Michell, associate professor of economics at UWE Bristol.</p><br /><hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>