BUSINESS LIVE: Latest early interest rate hike warning; Liberty Steel secures £50m cash injection; Heathrow in decarbonisation drive
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Households must prepare for interest rates to rise earlier than expected as the Bank of England attempts to keep a lid on inflation, a key policymaker has warned.
Michael Saunders, who sits on the bank's interest rate-setting Monetary Policy Committee, even hinted that rates could be hiked as early as this year.
Sanjeev Gupta's Liberty Steel has secured a £50m cash injection, safeguarding 1,000 jobs at its plant in Rotherham and Stocksbridge.
The deal is part of a wider