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Business briefing · Monday, November 2, 2026 · Morning edition · Story 4 of 5
UK households face higher mortgage payments as rate rise expected
More than 2.3 million UK households are set to face higher mortgage payments in 2027 as they come off fixed-rate deals. The Bank of England is expected to raise interest rates this week.
Why it matters: This rate increase could lead to significant financial strain for many UK families in the coming years.
Sources: The Guardian Business
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