Base rate rise, energy cap soars and inflation predicted to surpass 7%

Thursday marked a big day for the pound in our pocket. First of all, it was announced the energy price cap was to rise 54 per cent. Georgie Frost, Lee Boyce and Helen Crane take a look at what that means, what support has been made available and what happens next. Hot on the heels of that bombshell we had another rate rise from the Bank of England - piling pressure on borrowers. What will it mean for mortgages and will we finally seeing savings rates begin to head higher? With rates on the rise, would you fix your mortgage for a decade? Halifax and Lloyds unveil 10 year deals. And Helen launches her Crane on the Case consumer column – the first saw a remortgage mix-up land our reader with a bill of nearly £4,000.

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