Shock as interest rates hiked to 5 per cent
By The Spectator
22/06/23·11m 32s
James Heale speaks to Isabel Hardman and Kate Andrews as the Bank of England announced it has hiked interest rates to 5 per cent. Faced with inflation, a looming mortgage crisis and personal debt, Rishi Sunak said today he is '100 per cent on it'. But can he turn things around?
Produced by Natasha Feroze.