The Financial Outlook for Personal investors: Reaction to the BoE's latest interest rate rise

Laith Khalaf of A J Bell talks to Simon Rose about the Bank of England's latest interest rate rise, the 14th in a row, taking it to 5.25%. As he points out, two MPC members wanted to increase it to 5.5%. Laith looks at the BoE's latest inflation forecasts (which will be a relief to the PM) and discusses the ramifications of Fitch downgrading the United States' credit rating. Investors, he says, shouldn't get too caught up in all this but should stick to their knitting and keep a long-term view.