This is a kick in the groin for homeowners. It’s bad news for two reasons: firstly, a rise of half a percent in repayment rates equals a 12.5percent rate hike on a 4 percent mortgage. At a time of rising energy prices and food bills, this will hit people hard. Secondly, those borrowers who are already on the verge of falling behind couldbe tipped over the edge or boxed in from being able to remortgage onto a better deal if they’re already in negative equity.
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Police have been forced to close down motocross event near Sedgefield after one rider was killed and another seriously injured.
A woman hit by police gunfire during a counter-terrorism operation has been arrested after being released from hospital.
Police have been granted extra time to question a man who is being held on suspicion of planning a terror attack.