Bank of England will announce UK interest rates at noon, with economists expecting a hike to 3% – biggest rise in over three decades
Interest rates likely to jump as markets await Bank of England decision
Chancellor Jeremy Hunt is facing calls to come to the House of Commons or give a press conference to explain how mortgage-holders will be helped, if the Bank hikes interest rates as expected today.
Liberal Democrat Treasury spokeswoman Sarah Olney said:
“The Chancellor must address the country immediately after the rate rise decision to spell out a plan to save homeowners on the brink.
“He should either come to Parliament or hold a press conference to announce support for families facing mortgage bill rises worth hundreds of pounds a month.