Headshots of Peter Gill, Dawn Fazackerley-King and Ben Thomas.Image source, Supplied
Image caption,

The BBC spoke to three people about how they could be affected by rising interest rates

ByDaniel Thomas and Raphael Sheridan, BBC News
  • Published27 minutes ago

On Thursday, the Bank of England increased interest rates for the first time in over three years as it tries to get a grip on rising inflation linked to the Iran war.

Experts say there could be more hikes over the next 18 months, as the conflict continues to push up food, fuel and energy prices across the UK and worldwide.