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Bank of England warns rising interest rates causing stress among indebted firms and consumers – business live

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Overall, UK economy resilient to higher interest rates, as UK banks pass stress tests, Bank saysTreasury watchdog prepares to warn that rising UK interest rates threaten Sunak’s fiscal plans

Higher interest rates are also increasing pressure on UK landlords with buy-to-let mortgages. The report said:

Higher interest rates, together with other factors, are also putting pressure on buy-to-let landlords’ profitability, which has caused some to sell up or pass on higher costs to renters.

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