Interest rates up - focus on savers and renters
Aug 03, 2023•22 min
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Episode description
The Bank of England has increased its base rate of interest by a quarter of a percentage point to 5.25% - which is lower than some economists had predicted.
On the Sky News Daily, Leah Boleto speaks to our business correspondent Gurpreet Narwan about the decision to raise interest rates for the 14th time in a row. Plus, Sky's data and forensics journalist Daniel Dunford explains why renters could be the hardest hit by rate rises, and Tilly Smith, from campaign group Generation Rent, on its call for the government to offer more support to people renting.
Podcast producer: Rosie Gillott
Interviews producer: Alex Edden
Podcast promotion producer: Jim Farthing
Editor: Paul Stanworth
On the Sky News Daily, Leah Boleto speaks to our business correspondent Gurpreet Narwan about the decision to raise interest rates for the 14th time in a row. Plus, Sky's data and forensics journalist Daniel Dunford explains why renters could be the hardest hit by rate rises, and Tilly Smith, from campaign group Generation Rent, on its call for the government to offer more support to people renting.
Podcast producer: Rosie Gillott
Interviews producer: Alex Edden
Podcast promotion producer: Jim Farthing
Editor: Paul Stanworth
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