UK interest rate rises to 4%, highest level in 14 years

Mortgage defaults in 3… 2… 1…

Stu Hennigan has a decent job as a senior librarian, earning a salary that his 30-year-old self would have described as a “jackpot”.

But the rising cost of living means he’s returned to the skint feelings he remembers from his younger, minimum wage days: using cards to spread unexpected costs like a car repair over a couple of months.

https://www.bbc.com/news/live/business-64457377

h/t TheBaker

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