Rachel Reeves has called the Bank of England’s interest rate rise a “hammer blow” to families across the UK who will be seeing their mortgage repayments increasing. The shadow chancellor said that the government need to take responsibility for the fact that inflation in the UK is higher than comparable countries, caused by “a decade or more of mismanagement by the Conservative Party.” Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn