Britain's cost of living crisis is set to get even worse, warns BofE as it hikes interest rates - and says inflation could rise to 5%

Daily Mail - Nov 5, 2026

The Monetary Policy Committee has raised the base rate by 0.25 percentage points to 4 per cent.

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Britain's cost of living crisis is set to get even worse, warns BofE as it hikes interest rates - and says inflation could rise to 5%

Nov 5, 2026

Britain's cost of living crisis is set to get even worse, warns BofE as it hikes interest rates - and says inflation could rise to 5%

The Monetary Policy Committee has raised the base rate by 0.25 percentage points to 4 per cent.

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