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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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Over a third say rate rise would have 'no impact'

Although almost half of homeowners say they are cutting back spending ahead of a possible interest rate rise, over a third of Britons say a rise would not affect them.

The number who say a change in rates would have "no impact" on their personal finances has grown steadily over the last year, from 27% at the end of 2013 to 36% in the latest ComRes poll for ITV News.

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