Bank of England raises interest rates
The cost of borrowing has been raised from 0.5% to 0.75%.
The Bank of England's Monetary Policy Committee (MPC) voted unanimously, by 9-0, to introduce only the second increase in 10 years.
And there will be both winners and losers.
Winners would include 45 million long-suffering savers, who have seen some interest rate improvements after the previous rise in November.
Those planning on buying an annuity to finance their retirement are also likely to benefit.
However, millions of households with variable or tracker rate... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...