“Millions braced for further cost of living squeeze”, reports the i, as it leads on an expected rise in interest rates to 4.5% by the Bank of England. Analysts have told the paper that rates could reach 5% this year. It says the rises so far have cost homeowners on variable mortgage rates more than seven thousand pounds over the last eighteen months. Writing in the Daily Express, Sam Richardson, from the consumer rights group Which?, says savers could be “forgiven for wondering whether some high street banks got the memo”. He says some of the “big names” are offering rates of just 0.7%.