Are we in for a winter of financial hope or pain?
The Bank of England has held interest rates at 3.75% in a move which might come as some relief for mortgage holders. However the Bank’s governor has warned about high energy costs coming down the line.
The move comes in contrast to the US Federal Reserve increased interest rates for the first time in more than three years. So what does this say about the UK economy? And, for the impact on the cost of living in Winter? Adam, Chris and Faisal are joined by Stephanie Flanders, head of Economics and Government at Bloomberg.
00:00 Bank of England holds rates
01:14 What the decision means for mortgages and savers
03:33 Why are the US and Europe acting differently?
05:38 Budget choices for the chancellor
08:07 Are there tough choices ahead?
15:10 What is the impact of the Middle East?
19:54 What have bonds got to do with it?
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