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Shock as interest rates hiked to 5 per cent

Coffee House Shots

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Introduction

The Bank of England has the 13th consecutive quarter increased the rates of interest up to 5% now rising by 0.5%. Kate Andrews and Aswell Harmon talk about why they made the decision. Rishi Sunak says it's such bad timing because we've learned a lot about mortgages this week. The national debt is now more than 100% of GDP for the first time since 1961.

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