THE TELEGRAPH: The Bank of England is set to raise interest rates to their highest level in more than six years, a move that will further squeeze homeowners and consumers.
The bank's Monetary Policy Committee is widely expected to push interest rates to 5.75pc as Governor Mervyn King and his fellow policy makers seek to bring inflation back under control and cool the economy. Bank of England set to raise interest rates (more) By Richard Blackden
Mark Alexander
