Ten Things You Need to Know Today: 19 June 2023

The Week’s daily digest of the news agenda, published at 8am

1. Rate rises ‘should be paused’

Interest rate rises should be paused to spare struggling households, experts have told the Daily Mail. The Bank of England is expected to announce a 13th consecutive increase on Thursday, but Howard Davies, a former Bank of England deputy governor, suggested the Bank could “wait a bit” for previous increases to take effect. Andrew Montlake of Coreco Mortgage Brokers said higher rates would help push up wages and “exacerbate” inflation, defeating the Bank’s strategy. The i news site reported that the government is to put pressure on banks to do more to help homeowners struggling with rising mortgages.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
Explore More