Birdwatch Note Rating
2023-11-02 10:53:36 UTC - HELPFUL
Rated by Participant: 9D1F0B090098D3CADF329853022F68CD749B0A975D614AE586DB5B995655FE61
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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