Cautious welcome from charities
The first Bank of England rate rise in a decade has been cautiously welcomed by a third sector spokesman - along with a warning for those already struggling with debt.
It's been announced that the base rate is being lifted from 0.25% to 0.5% - reversing the post-Brexit cut imposed last year.
Although savers and pensioners-to-be will feel a marginal boost in their pockets, thousands of Island households are now facing higher mortgage repayments.
Chairman of the Council of Voluntary Organisations David Gawne says it could cause difficulty for people living on the breadline:
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