Chieu Cao has been quoted in an article released by The Express covering the news that the Bank of England has made the decision to increase UK interest rates to 1.25% to combat rising inflation.
Due to this interest rate hike, many UK adults who are already struggling financially are likely to be burdened further. Soaring inflation combined with increases in food and energy costs is causing great concern for many people, negatively impacting their mental wellbeing. Santander has announced that it is increasing interest rates across current accounts, savings accounts and mortgage offerings. However, Chieu Cao states that this will not be enough to combat the rate of inflation, and those with debts will likely see repayments increase.
Read the full article to benefit from vital information and discover what Chieu has to say on the topic.