Uk news: The chairman of Tesco has warned of the hardship people will face in the wake of rising interest rates.
John Allan told the BBC he was aware millions would face much higher mortgage payments while prices for food and energy were already increasing.
“We have a moral responsibility to look after people, who in the real world are being impacted by this,” he said.
It comes after the Bank of England said interest rates may need to rise by more than previously expected.
