2.49.3.0492dbf AdsPluginHTML.5.5.0 8 Use the arrow keys to increase and decrease the volume / Subtitles OFF Aa Aa Aa Aa Aa Playback settings Autoplay Play next item automatically OFF Video quality Highest available Currently unavailable Low Medium Highest available Automatically selects the best quality available 1x Playback speed 0.5x 0.8x 1x 1.2x 1.5x 2x Use the arrow keys to forward and rewind Skip Ad Skip ad in ADVERTISEMENT 0:00 G This video can not be played To play this video you need...

EPA By Tom Espiner Business reporter, BBC News Mortgage payments will rise by at least £500 a month for nearly one million households by the end of 2026, the Bank of England has said. Households and firms have been under pressure as interest rates have risen in a bid to lower high inflation. In a report, the Bank said mortgage holders "may struggle with repayments" on loans. But it said lenders are strong enough to withstand a rise in customers defaulting on repayments. The Bank has raised...

Getty Images By Tom Espiner Business reporter, BBC News Raising prices could drive up the cost of living even further and would hurt the least well-off most, the Bank of England governor has warned firms. "If all prices try to beat inflation we will get higher inflation," Andrew Bailey told the BBC's Today programme. He said higher inflation "hurts people" and warned the Bank would raise rates again if prices continued to increase. Mr Bailey was speaking a day after the Bank raised interest...

Getty Images By Tom Espiner Business reporter, BBC News The billionaire founder of Ant Group, Jack Ma, is to give up control of the Chinese fintech giant after a regulatory crackdown. Ant Group said that after the change no-one would have overall control. The formerly flamboyant Mr Ma has seldom been seen in public since criticising China's financial sector in 2020. Following that criticism, Ant Group's planned stock market flotation was abruptly halted. Ant Group runs Alipay, the main online...