蜜芽传媒

The Bank of England's Monetary Policy Committee meets next week to discuss whether to raise interest rates to encourage people to save and help bring price inflation down.

But any change in rate influences all manner of financial markets and the speculation is already having an impact on mortgages - this week a number of the big lenders raised their borrowing costs.

Justin Webb spoke to Dame Jayne-Anne Gadhia, founder of money saving app Snoop, and first to Dame Deanne Julius, Distinguished Fellow at Chatham House and former Bank of England Monetary Policy Committee Member.

(Image, Bank of England, Credit, Yui Mok/PA Wire.)