Bank of England’s Bailey sees ‘first glimmer’ of inflation easing, after lifting interest rates to 3.5% – business live

Bank of England says most housing market indicators have continued to soften, as it increases UK interest rates to 14-year high of 3.5% in split decision

• Bank of England raises interest rates to 3.5%
• Interest rates: UK borrowers are facing a serious reality check

The monthly number of people that Citizens Advice helped with energy-related problems and issues rose to a record high in November, underlining the scale of the struggle with soaring costs of gas and electricity.

The charity said it was continuing to exceed its forecasts for the numbers of cash-strapped households turning to it for help because they cannot afford to top up their energy prepayment meter and therefore cannot perform basic tasks such as heating food.

This is a classic case of an employer that can fully afford to pay workers a fair pay increase but has chosen not to.

Menzies needs to stop making excuses and make a pay offer that meets our members' expectations."

Heathrow passengers need to brace themselves for fresh disruption at the airport purely because of Menzies intransigence.

Strike action is being taken as a last resort because Menzies has only been prepared to offer our members a miserable pay increase that in no way reflects the cost of living."