The Bank of England is expected to raise interest rates tomorrow (Thursday) by 25 basis points in what could be the 15th rise in a row but it could also be the last rise for a while.

The Bank of England today raised its base rate by 50 basis points from 1.25% to 1.75%.

The Bank of England has today pushed up its base rate by 25 basis points from 1% to 1.25% as it struggles to tackle inflation.

Annuity rates have hit their highest point in eight years, with a further surge in annuity income expected if the Bank of England raises interest rates today, according to a new report.