Birdwatch Note Rating
2023-11-02 10:48:07 UTC - HELPFUL
Rated by Participant: 73BCD60021E04DD9F568C865C9DC89971D69E969A2414581F5B9F6C4FDEB34E7
Participant Details
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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