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Interest rates in the UK have been steadily rising over the last 16 months - putting more pressure on households during the cost of living crisis.

The base rate - which influences what banks and lenders charge you, as their customer, to borrow money - was at an historic low of 0.1% in December 2021.

Fast forward to today, and the rate now sits at 4.25% after being hiked eleven times in a row by the Bank of England.

By raising interest rates, the Bank is trying to lower inflation, which is currently at 10.4% and its highest level in 40...

• With news of record public borrowing The Bank of England has once again chosen to raise the Base Rates, this time by 0.25% to 4.25%
• The Bank of England has opted for a 0.25% Base Rate rise
• In changing times investors should keep a cool head and a well-diversified portfolio. Omnis spread your investments across different asset classes, global regions and styles which can smooth returns and reduce the risks to which you are exposed
• With the Bank of England raising Base Rates 0.25% to 4.25% diversification can help you through market uncer...

Copy the link below into your browser window to understand more about the proposed changes and how they might affect you.

https://uk.finance.yahoo.com/news/jeremy-hunt-pension-tax-changes-135339878.html?guccounter=1

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Watch this short video on how rising interest rates may affect your savings and investments

what_might_rising_interest_rates_mean_for_savings_and_investments (240p).mp4