UK interest rate rise – what it could mean for savers and mortgage holders

The Bank of England has hinted the first rate rise in almost a decade is now likely, and soon. So how much will it cost?

A member of the Bank of England's rate-setting committee has fuelled speculation that interest rates could rise as soon as November. Gertjan Vlieghe put forward the arguments for a rise in rates "as early as in the coming months" in a speech to economists in London.