Homeowners who are struggling to meet rising food and fuel bills or avoid repossession were offered little comfort yesterday, when the Bank of England held interest rates for the third month in a row.
The monetary policy committee's (MPC) announcement that interest rates will remain at 5 per cent led to warnings of tougher times ahead.
A survey by Chelsea Building Society yesterday revealed that more than one in ten Britons have had to dip into their savings to pay their mortgage or rent in the past three months. About 12 per cent of people admitted they had used money set aside to meet accommodation costs, while 15 per used savings to pay utility bills or council tax.
