Interest rates up for first time since 2007

The Bank of England has raised interest rates for the first time in a decade.
The official bank rate has been lifted from 0.25% to 0.5%, after seven out of nine Monetary Policy Committee members vote for a rise.
Rain Newton-Smith, CBI Chief Economist, said: “While it’s the first rate rise in over a decade, it is only taking the rate back to the level seen in August 2016 and at 0.5% it remains near rock bottom.”
The rise will impact on an estimated 8.1m homeowners with