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Almost half of mortgage holders cutting back spending

Almost half of mortgage holders are cutting back on their spending because they fear a rise in interest rates will leave them with a bigger repayment bill, an ITV News/ComRes poll has found.

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Interest rate increase would benefit 27 per cent of Brits

Nearly 50 per cent of mortgage holders have already started cutting back in anticipation of interest rate hikes, an exclusive poll by ITV News has revealed.

Of those surveyed, 28 per cent said it would have a negative impact on them.

But 27 per cent, such as those who have paid off their mortgages, welcomed the increase as it means they would make more on their savings.

ITV News Reporter Ben Chapman has this report:

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