Interest rates were raised for the 13th time in a row last week – and today will be the first time Rishi Sunak and Keir Starmer have faced each other since the Bank of England decision.
In case you need a reminder, the rate has been increased from 4.5% to 5% – this will affect loans, including mortgages, as well as savings.
The increase, aimed at curbing inflation, pushed Bank interest rates to a 15-year high. It could prove a hot topic at the PMQs today.
On Sunday, Sunak called inflation “the enemy” and told the public: “We have to stay calm, stick to the plan and we’ll get through this.”
Meanwhile, Labor leader Starmer said mortgage holders and families are “paying the price for the Tory failure”.