Britain's mortgage costs rise due to speculation on interest rates increase, London, United Kingdom - 26 May 2023
People pass the Bank of England headquarters in London, Britain, 26 May 2023. Mortgage costs are rising after higher than expected inflation figures this week raised forecasts for Britain's interest rates. Lenders have increased the cost of new deals due to expectations that the Bank of England will raise interest rates higher than previously thought. British Chancellor of the Exchequer Jeremy Hunt said he backed an increase in interest rates if it curbed higher prices and soaring inflation, even if it risked pushing the country into recession.