Daily Podcast: Interest rates up - focus on savers and renters

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The Bank of England has increased its base rate of interest by a quarter of a percentage point to 5.25% - which is lower than some economists had predicted.

On the Sky News Daily, Leah Boleto speaks to our business correspondent Gurpreet Narwan about the decision to raise interest rates for the 14th time in a row.

Plus, Sky's data and forensics journalist Daniel Dunford explains why renters could be the hardest hit by rate rises, and Tilly Smith, from campaign group Generation Rent, on its call for the government to offer more support to people renting.

You can listen to more from this episode on the Sky News app, or by clicking here to subscribe wherever you get your podcasts: https://pod.fo/e/19240d

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Category
News
Tags
interest rates, mortgage interest rates, interest rates and inflation explained

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