UK interest rate rise: what it means for you

How the new base rate may affect mortgage holders and savers

• Full story: Bank warns rates will remain high for two years

• Analysis: tough-talking Bank raises a few eyebrows

The Bank of England has yet again raised interest rates - the 14th consecutive increase since December 2021. After June's unexpected half a point rise, this time the increase is 0.25 percentage points, taking the base rate to 5.25%. So what does that mean for your finances?