Higher UK interest rates could make mortgages, credit cards and loans costlier
A planned rise in UK interest rates could raise borrowing costs for millions of households.
Interest rates in the United Kingdom are set to rise, a change that could make mortgages, credit cards and loans more expensive for millions of people.
Borrowers with home loans, card balances and other personal credit may see their repayments increase as higher rates feed through to their costs.
The impact of rising rates on household budgets is becoming a central concern for people managing monthly bills.