Birdwatch Note Rating
2023-11-02 10:50:53 UTC - HELPFUL
Rated by Participant: 6F986C3AA3ED4D70F795B082E93F5931EA479CD556A3A774ABA212F814153BE3
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Original Note:
The Bank of England interest rate is the key factor behind rising mortgage rates. The UK government does not control this. Interest rates have risen in countries around the world in an attempt to lower inflation. https://www.bankofengland.co.uk/explainers/why-are-interest-rates-in-the-uk-going-up#:~:text=Although%20we%20kept%20our%20interest,in%20the%20UK%20comes%20down. https://www.standard.co.uk/homesandproperty/mortgage-rate-why-reasons-rising-interest-payments-b1088932.html#:~:text=Why%20have%20mortgage%20rates%20been,than%20anticipated%2C%20increasing%20borrowing%20expenses. https://www.reuters.com/world/uk/why-is-inflation-so-high-uk-2023-06-21/#:~:text=Britain%20has%20struggled%20more%20than,of%20Britain's%20high%20inflation%20problem.
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