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Charity calls for UK Government to bring forward DWP benefit increases to help households meet living costs
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dailyrecord.co.uk
dailyrecord.co.ukThe Bank of England (BoE) has announced a pre-Christmas interest rate hike from 0.1% to 0.25%, after figures released earlier this week showed a bigger than expected leap in inflation to 5.1% in November, which added weight to the argument for a rise.
Officials have been under pressure to curb cost of living increases though calls for an increase have been dampened by the arrival of the Omicron wave of Covid-19 and fears over its likely economic impact.The central bank said eight members of the Monetary Policy Committee supported the increase, with only one member voting against it as inflation continues to soar beyond its target rate.Many people with significant amounts of outstanding borrowing will be worrying about the double whammy of
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