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.

Click to subscribe to the Sky News Daily wherever you get your podcasts

Podcast producer: Rosie Gillott
Interviews producer: Alex Edden
Podcast promotion producer: Jim Farthing
Editor: Paul Stanworth

Related posts:

Markets slide as Fed eyes stimulus ‘taper’ later this year Why John Lewis is now offering savings and investment services Ex-chancellor Lord Hammond eyes £300m takeover of government contractor Amey Leap in interest for holidays as COVID testing restrictions are relaxed Sainsbury’s increases pay as cost-of-living crisis bites European markets jittery as France’s right-wing gather steam ahead of elections Cannes Lions owner Ascential plots £1.5bn transatlantic break-up Pound steadies as markets expect Bank of England action to prop up UK currency ‘End of the NHS as we know it’ if chancellor does not reverse mini-budget TP Icap shelves Parameta sale talks despite investor pressure Deposit-free mortgage set up to help ‘trapped’ renters Lloyds to launch £600m Telegraph auction after seizing control