Transcripts For BBCNEWS BBC Newsroom Live 20171102

Women and fail to do that myself. The bank of england will announce its decision on Interest Rates in an hours time, with many predicting the first increase for ten years. President trump has called for the Death Penalty for the man accused of killing eight people in new york by driving at them with a truck. Also this hour, bonfire night should be fun for the whole family. But as the annual safety warning about fireworks is issued, we hearfrom one family directly affected by injury. Their five year old suffered severe burns after an accident. And the dictionary truth about about fake news, as collins reveal it is their word of the year. Good morning. Its thursday 2nd of november. Im annita mcveigh. Welcome to bbc newsroom live. In the last half hour the Prime Minister has named Gavin Williamson as her new defence secretary. Gavin williamson, who was the governments chief whip before this appointment, has never held ministerial office. The mp for south staffordshire has been serving as the governments chief whip. It follows the resignation of sir Michael Fallon who faces accusations of inappropropriate Sexual Behaviour. He said his conduct had fallen short of the high standards expected. He is the first politician to quit following wider claims of sexual harrassment at westminster. I have behaved in the past, clearly ina way i have behaved in the past, clearly in a way that has occasionally been below the standards that weve acquired from the armed forces. I dont think it is right for me to go one as defence secretary, expecting the very highest standard of our servicemen and women and fail to meet them myself. Downing street also announced they have appointed julian smith, former deputy chief whip, as chief whip. Lets catch up with all of these developments with our system Political Editor, norman smith, who was at the mod for us now. A changing of the guard, tell us more about how this news of Gavin Williamson, and how he has been greeted. We are told that the reshuffle is now over. It is a reshuffle in which the two key elements, i think, our stability and loyalty. Which gives you a sense ofjust how fragile theresa mays leadership is at the moment. And a desire to have around her people she can trust. Gavin williamson, hurt in force, if you like in the commons, the chief whip, the man who knows where the bodies are buried, is promoted to defence secretary. Gavin williamson, her innerforce. Julian secretary. Gavin williamson, her inner force. Julian smith is secretary. Gavin williamson, her innerforce. Julian smith is brought in as deputy brought in as chief whip. These are people she can rely on absolutely. That shows you how uncertain the times we are now in r. Because of the allegations swirling around westminster. The times we are now in. In that sort of climate, theresa may has decided to move quickly and to try to stabilise a government with a safety first appointment, bringing in Gavin Williamson, who works closely with theresa may every single day. The two know each other. She can trust him, absolutely. And he has brought m, him, absolutely. And he has brought in, to take charge of the mod, we should see him shake hands with the permanent secretary. Hi tim, hisjob has been filled by his deputy. Gavin williamson, i dont think has any military background as such. But that isnt a reason why he wouldnt be appointed because much of the emphasis in the mod is in trying to keep the budget under control, and trying to do the sums. More broadly now, theresa may will want to try and geta now, theresa may will want to try and get a grip on this crisis. This morning, the former tory leader, iain duncan smith, said it was time for theresa may to rule with a rod of iron. Im told categorically that she was, how can i put it . Very clear when she spoke to the cabinet about what she spoke to the cabinet about what she plans to do, and what she wants to do. I think that clarity leaves various members of the cabinet, and of the party generally, to recognise whatever limitations there were about their behaviour in the past, to decide whether they met those standards. Michael fallon clearly felt that wasnt the case. He took, therefore, a decision to resign. But therefore, a decision to resign. But the key element is not so much on Michael Fallons decision, but its the reason for that decision, and that reason was that theresa may has made it very clear, i know she feels very strongly about this for a fact, that we have to lead in parliament on this so that others, themselves, recognise they have to put their own houses in order. One other thing i think i can tell you, conservative mp Esther Mcveigh has been brought in as deputy chief whip. She took over from George Osbornes seat in tatters when he stepped down. Esther mcvey has been brought in as deputy chief whip. The question is now, how do they sort out this crisis, involving not just the government they sort out this crisis, involving notjust the government but they sort out this crisis, involving not just the government but the whole of parliament. We heard last night from ruth davidson, the scottish leader, who said it was time to clean out the stables. And that there was much more housekeeping to do. Sentiments which have been echoed by the conservative mpjacob have been echoed by the conservative mp jacob rees mogg. There are some serious things. Those need investigating and properly looking into. But not everybody who has had the finger pointed at him has had the finger pointed at him has been guilty of anything of great consequence. We may get him walking down the street. We await now for Gavin Williamson, the new defence secretary, to emerge as set out. He might give us a few words on the steps of downing street. But i think what is striking is that theresa may hasnt decided to go for a flashy reshuffle, a headline grabbing reshuffle, a headline grabbing reshuffle, because she could have, of course, brought in potentially a woman, to have the first female defence secretary. Lots of people we re defence secretary. Lots of people were speculating that it might be penny worden, who comes from a military background, shes been a former Arms Services minister. That would have grabbed attention. And in the current climate might have looked like a clever announcement tour, a sort of, still some of the four rory of the Sexual Harassment allegations. But she has gone for a safety first reshuffle. It may be signs that Gavin Williamson is approaching. Can you see if he is approaching. I really cant. The latest intelligence is he is coming up here. Shortly, i hope, because we have been promised this for some time now. As i say, its a surprising announcement in some way, because removing the chief whip at such a difficult time for theresa may, of course, you know, that compounds the common sort of, uncertainties of things. A chief whip has the grasp of all sorts of situations. So, a move like that in that department, given the allegations swirling around westminster, i think many people would have been surprised by the appointment. But theresa may opted not to move anybody in the cabinet because i dont think she wanted to because i dont think she wanted to be in because i dont think she wanted to beina because i dont think she wanted to be in a situation of having to do a slightly more significant reshuffle, pushing more people around, because of the danger that that might create more instability. Particularly in the run up to a budget, there is an absolute imperative on the unsettling the equilibria, shall we put it like that, inside the cabinet. Because it is seen as a pivotal moment. In the run up to that, theresa may would like life to continue as far as possible on an even keel. Even given all of the allegations swirling around westminster. Studio on that point. I wasjust going to say, the point i was going to make to you when you thought momentarily Gavin Williamson was arriving, was this. You know, do you think, in so far as she can, theresa may has brought in a modicum of stability to what confronts her now . The budget is coming up. Brexit. And not now . The budget is coming up. Brexit. And not least now . The budget is coming up. Brexit. And not least the Sexual Harassment scandal. And weve got to consider the possibility that it could cause more resignations. Has theresa may brought in a modicum of instability. It is about grip. She wants to entrench her hold on the government. So, she has moved up a chief whip. Hang on, i am just casting an eye down the line. This looks like Gavin Williamson striding up. U nfortu nately Gavin Williamson striding up. Unfortunately there is a policeman standing in the way. If he would just shuffle to one side. There we are, here we are. So, Gavin Williamson now stepping up as the new defence secretary. I think he was inside earlier, actually, he went straight into the mod via back doorfrom went straight into the mod via back door from number ten to talk to defence officials. There shaking hands with the permanent secretary at the mod. Do you meet the highest standards, mr williamson . No at the mod. Do you meet the highest standards, mrwilliamson . No words from mr williamson as he leaves, sorry, a bit of a scrum there, but we are all in one piece. No words from mr williamson as he heads into the mod. He wont have had much time, i suspect, the mod. He wont have had much time, isuspect, to the mod. He wont have had much time, i suspect, to get his head around his newbury. I dont think he has any military background. To get his head around his new position. The priority is to bring back a bit of stability to government. Of course, mrwilliamson is somebody theresa may can trust absolutely. I think that is what this reshuffle is about. Its about grip. Theresa may try to get a grip, to put people in place who are loyal to put people in place who are loyal to her, and whom she can say i trust him and him, and to put those people around her to try and settle things down in the current atmosphere in westminster. Norman, thanks very much. Norman smith at the mod. Onto the days other main story. The bank of england will deliver one of the most closely watched Interest Rate decisions since the financial crisis in the next hour. Economists and investors are expecting the first increase in a decade. That was the last time the bank put up Interest Rates. The Committee Meets most months to decide what level the Interest Rate should be that is then used by our banks to help set rates for loans and savings. And todays decision is being widely watched by both savers and borrowers. The last time rates went up rather than down was back injuly 2007 when they rose to 5. 75 . But not long after that, the financial crisis hit and so rates were cut to help support the economy, until they hit just half a percent in march 2009. And, of course, it stayed at that low low level month after month and year after year until last august. After the referendum the committee voted to cut rates even lower to 0. 25 . The idea behind that cut was again to support the economy. This time to protect against any major shocks after we voted to leave the eu. Since then, weve seen price rises getting bigger and its one of the jobs of the bank of england to makes sure those rises, inflation, doesnt get out of hand. Which is why some think today is the day for them to act. Since the Eu Referendum the pound has dropped around 15 . That means if you are buying goods from abroad, things like cheese, or olives, theyve gone up about 10 . That has pushed inflation to 3 . We just havent gone up wages havent gone up by the same rate. The bank of england wants to get the inflation rate back to its target of 296. Inflation rate back to its target of 2 . One way of doing that is to increase rates. There are nine members of this rate setting committee, eight men and one woman, and last time round two voted for an increase but seven of them, including the governor of the bank mark carney, went for no change. In order to keep it at a sustainable manner, there may be some adjustments to the rate in the coming months. We will take that decision on data. But, yes, that possibility has increased. Lets look at mortgages. Just over two fifths of homeowners are on variable or tracker rates. These are likely to go up if the base rate increase. But not by much. According to one lender, a homeowner with an average mortgage of £125,000 would see an increase in payments by about £15 a month if rates were to go up by a quarter percent. And the bank of england likes to point out that the vast majority of first time buyers, who tend to have the biggest loans, are on fixed rate deals so they wont see any immediate change. But it will be a different story for savers. While Interest Rates have been at record lows, so have Savings Rates. The average easy access savings account is currently paying 0. 4 in annual interest and some Bank Accounts are paying as little as 0. 01 . So those with variable rate accounts should expect to see their returns go up. So, as ever, whether its good or bad news will depend on whether youre a saver or a borrower. But whenever the first rate rise for a decade is, whether today or next month or even next year, the bank of england has said that any further rises are likely to be modest and gradual. Lets cross over to our Business Correspondent ben bland who is at a Trading Floor in the city to find out what traders are thinking ahead of the Interest Rate announcement. That sort of language, gradual, limited, modest, those are the words the bank of england has been talking about in recent months. Especially when discussing the potential of a rate rise. First, it would be a big surprise if that didnt happen today. Indeed. Speaking to traders here at lloyds, in common with many others, the feeling is that the steer, they have got from the hints and tips mark carney has given in recent months, is that there is a strong idea of the Interest Base Rate going up by law. 25 . It is a very slight increase, which is still a potential. By 0. 25 . There hasnt been a rate rise for a decade now. The last one was in 2007. Just to emphasise how long ago that was, gordon brown will still Prime Minister. The first iphone model had just been released. And rihanna s umbrella was in the charts. The indicators are all suggesting that the time may be right to do this. Prices are increasing year on year. The last because we had for the economy, growing at growing at 0. 4 , the year before it was 0. 3 . Thejob of growing at 0. 4 , the year before it was 0. 3 . The job of the growing at 0. 4 , the year before it was 0. 3 . Thejob of the bank growing at 0. 4 , the year before it was 0. 3 . The job of the bank of england is to make sure prices dont run away. We dont get inflation going up at such a rate, and so fast and so quickly, that we struggle to keep up. Especially given that wages, the latest figures we have, show that on average they are going up show that on average they are going up by show that on average they are going up by Something Like 2. 2 . Thanks very much. More from them later. More from ben later. And you can put your questions to ben about todays Interest Rates decision using the hastag bbcaskthis. Hell answer your questions when we speak to him after the decision at midday. In the last hour the Prime Minister has appointed the former chief whip, Gavin Williamson, as the new defence secretary. He replaces sir Michael Fallon who resigned last night after saying his conduct had fallen short of the standard now expected. I cannot speak to the former head of the british army, general Sarah Richard dunne it general sir Richard Dunne it general sir Richard Dunnett. We have to recognise first and foremost that this appointment, by theresa may, is essentially a political one. She has moved her trusted chief whip into the cabinet. Well, he is in the cabinet already, but has moved into the appointment of defence secretary. Thats all about bolstering her position within the cabinet. He has now got a very difficult task of understanding the defence brief, which is conjugated. I hope he does really focus on that, and get to grips with the detail. Because there are some big issues in defence at the moment. That is why it isa defence at the moment. That is why it is a tragedy that sir Michael Fallon felt he had to resign. Because after his time as defence secretary he knew his stuff and he knew what the issues were. You say his replacement may struggle to match in his approach to the job, but tell us what you mean by that. but tell us what you mean by that. |j dont but tell us what you mean by that. dont think he will struggle, so much as needing to work very hard to understand the complexities of defence. There are big Strategic Issues to do with britains position in the world, our contribution to nato. But closer to home, the defence budget is under extreme pressure. The army, navy, airforce are facing potentially large cuts at the present moment to try and balance their budget. He has Big Decisions which will have to be taken in the next few weeks. Not the least of which is appointing the new chief of defence staff. Difficult for him to do when he hardly knows the candidates. Whereas sir Michael Fallon would have known them quite well. Given what we know about the background leading up to Michael Fallons decision, given he had alluded to the highest standards being expected from the defence secretary, and what should be expected in the defence forces, do you think he was right to go . M expected in the defence forces, do you think he was right to go . It was his decision. I think it is a personal tragedy for him. But it is a tragedy for defence, as well. He was a well respected, well trusted, experienced person in that position. He would have played a big part in making the decisions in the coming weeks and months. Gavin williamson, a clever operator as chief whip, a former parliamentary aide to david cameron, and also i think he ran theresa mays campaign to become leader of the party and Prime Minister. He knows how to operate on the political level. What he needs to understand is that the armed forces need to be well let out in the high standards with become accustomed to. Do i detect some disappointment that, as you say, Gavin Williamson, you believe is being appointed primarily to bolster theresa mays position, and not primarily, therefore, in your opinion, because he is necessarily the best person for the defence brief . I am primarily a soldier, well, retired soldier, and not a politician. I would well, retired soldier, and not a politician. Iwould have well, retired soldier, and not a politician. I would have liked to have seen one of the junior ministers in defence promoted to that position. Because, from a defence background, they know the big issues which are critical at the moment. All that said, theresa may is Prime Minister, she has thejob of leading our country, she needs support in the cabinet, so i fully respect her decision to appoint her former chief whip is the next secretary of defence. I wish him well in that difficult task. As well as supporting his Prime Minister he needs to make sure he battles hard for defence. And probably argue, as sir Michael Fallon was starting to do, foran sir Michael Fallon was starting to do, for an increase in the defence budget. We have been arguing for a quarter of a percent of the gdp. Hopefully he will be starting to make the argument for that, as well. Thank you very much for your time today. A man accused of causing the deaths of eight people in new york by mowing them down in a truck has been charged with terrorism offences. Sayfullo saipov, whos a 29 year old from uzbekistan, is said to have been inspired by the Islamic State group. He was shot and injured by police at the scene of the attack. Our new york correspondent Michelle Fleury reports. New yorkers, defiant and emotional at a vigil to remember the eight lives cut short. Nearby, the alleged perpetrator Sayfullo Saipov appeared in court in a wheelchair. He could face the Death Penalty for charges that include terrorism. Prosecutors said his inspiration for the attack was clear. Saipov allegedly admitted he was inspired to commit the attack by the isis videos he watched and had been planning this attack for two months. The attack ended when saipov crashed into a school bus. He had planned to stay on his killing spree all the way to brooklyn bridge. Investigators descended on his house in paterson, newjersey. This is a Residential Community in southern paterson, about an hour from new york city, but last night it was disrupted. Police came here to apartment nine where Sayfullo Saipov and his young family are believed to have lived. The police emerged with bags of evidence. They will be looking to see if there is anything to link him directly to isis. Neighbours expressed shock. Its crazy anybody could do such a thing like this. It doesnt matter if they are muslim or anything, anybody could do this. For a city no stranger to acts of terror, this was a moment to remember and to show resilience. Michelle fleury, bbc news, paterson, newjersey. Lets return to the news that in the last hour the Prime Minister has appointed her new defence secretary. Gavin williamson moves from the position of chief whip to become the defence secretary following the resignation of sir Michael Fallon. Julian smith moves up from deputy chief whip to become chief whip in the role mr williamson leaves vacant. Esther mcvey has been given thejob of deputy vacant. Esther mcvey has been given the job of deputy chief whip. A limited reshuffle there. Im now joined by Deborah Haynes for her views on all of this. On the appointment of Gavin Williamson, what do you make of that . People were thinking yesterday may be that somebody with a defence background would come up. Because there are a number ofjunior ministers. Tobias ellwood, penny morden, who has previously, they we re morden, who has previously, they were serving reservists, and theyve worked at the mod. Given the timing of whats happening at the moment, there is a defence review going on, there is a defence review going on, the budget is coming, defence is fighting for money, there is a Funding Crisis in defence. Military operations are on going across the world. You want somebody with an understanding of the breeze, yet he has none of that. And that adds to the opinion of sir Richard Dannatt who i just interviewed. The opinion of sir Richard Dannatt who ijust interviewed. His preference would have been somebody with that defence background. Yes, although, thinking about it, the fa ct although, thinking about it, the fact Gavin Williamson has the trust of theresa may, you want someone at the helm of the mod that has the ear of the pm. And hopefully the military and the Civil Servant in the mod, and the other ministers, can influence Gavin Williamson, make him understand the importance of a strong defence so he can relay that to the pm and hopefully secure sufficient funding. And we should remember that Michael Fallon didnt have a defence background either when he took up this post. Exactly. It isa when he took up this post. Exactly. It is a fair point to say that he has had three and a half years of solid defence experience. Id really loved his brief. He and i did not see it eye on a number of issues in terms of the state of defence. Eye to eye on a number of issues. There is a serious morale and Funding Crisis. The restructuring in the defence restructuring in defence wasnt happening. Lots of improvement can still be done in lots of areas. But in the tory conference he started to talk about how 2 of gdp should be the minimum for defence. And the fact he was pushing for more money. And the fact Philip Hammond will be giving his budget in a couple of weeks now, you really wa nt budget in a couple of weeks now, you really want his successor to be continuing that message and making sure defence absolutely retains the budget deal it has got. And prefera bly budget deal it has got. And preferably has more. We need money otherwise there will be big cuts. Going back to the point you made about Gavin Williamson, having the ear of the pm, you think potentially this could be a good thing for the defence budget . I dont know. Will he be more in favour of the treasury than the mod . Body understand the importance of the nuclear deterrent, the importance of retaining amphibious forces, does he understand any of this . I dont know. Does he understand the importance. Lets get more reaction with the conservative mp in our westminster studio. I just wanted with the conservative mp in our westminster studio. Ijust wanted to mention a couple of tweets from laura just wanted to mention a couple of tweets from our correspondent. A senior tory mp has said mps are deeply unhappy, he has used position of chief whip to benefit himself and left his post at such a crucial time. Williamson is a good operator but this appointment is far from without risk. What is your reaction to that . Your correspondent has a job to do. Many of your colleagues in the media will want to speculate either way. Gavin williamson and myself entered the house in the same generation, the house in the same generation, the 2010 intake. He is one of the most talented parliamentarians of that very big intake. 149 of us at the time. He has worked in number ten as parliamentary private secretary to david cameron, which means he has touched every department of government. He delivered theresa mays victory, which you have been talking about. More importantly, he has built a great team in the whips office. With real model hr procedures. You see that with the promotion ofjulian smith, his deputy to chief whip, so i think he has inspired appointment. Did you sense that he was ready to move . I suspect nobody wanted to move anywhere. I would commend the Prime Minister for acting anywhere. I would commend the Prime Ministerfor acting so anywhere. I would commend the Prime Minister for acting so decisively on this issue. She came into the house at the beginning of the week when all this stuff broke and last week, and she made it very clear she will have zero tolerance to this sort of behaviour, this abuse of power, anything that remotely suggested an abusive minister or backbencher will be taken very seriously. She has delivered on this and will continue to do so. I am very, very proud of theresa may as our Prime Minister. It demonstrates real strength to deal with this and have no tolerance for any of deal with this and have no tolerance forany of us, deal with this and have no tolerance for any of us, anyone in a position of power to treat any member of staff, any other human being in a way that would make them feel so uncomfortable, so i think she is to be commended. I agree with need a code of conduct for the whole house. When i worked in business, hr is a serious part of business and reports directly to the chief executive and in the same way, i think what theresa may is proposing, all parties Work Together for parliament asa parties Work Together for parliament as a whole, its very, very important. Do you think that this demonstrates that theresa may is showing strength as leader in natchez appointed someone, she is close to Gavin Williamson, he certainly has her ear, but the view seems to be natchez appointed someone seems to be natchez appointed someone primarily to bolstering her position given the forces going on in politics at the moment, the harassment crisis, rech said, the budget, rather than primarily putting someone in the job who has a defence background, for example brexit. Michael fallon didnt have a defence background. She has promoted one of her cabinet members to one of the big departments of government. That is what she has done and she has done that because Gavin Williamson is hugely talented. I have no doubt that he will be articulate, and Will Champion the cause of the ministry of defence in whichever way he feels necessary to make sure that the ministry of defence, what he needs to deliver for them is what he will do, so this idea that somehow it was a fix, i dont agree with it. I think what she has done is appointed one of our most talented politicians of the new generation of conservatives, and the great thing about our party, you look at the generation coming through, the 2010 intake, which i was part of or 2017 intake, it is fizzing with talent. That can only bea fizzing with talent. That can only be a good thing for the party and for the Prime Minister. This idea she has been weak is for the birds. Thank you very much for your time. Time now for a look at the weather. We have had quite a bit of fog of this money across southern areas of england. Much of it is clearing away so seeing sunshine coming from across the south but the best of it at the moment is across the northern half of the uk. This is the scene on the beach. In bridlington. A nice walk along the beach. You can see sunshine across northern areas. A zone of cloud from wales, the midlands, eastern england, gradually moving southwards. Sunshine in the far south of the moment. That is likely to last in the south west but clouding over a little bit in the south east. This evening and tonight, patchy fog developing across north east england and eastern scotland. Otherwise, allowed to ta ke eastern scotland. Otherwise, allowed to take this into friday morning so certainly a cloudy day tomorrow than today. There will be some bright spells, sunshine across south wales and southern areas of england. East of scotla nd and southern areas of england. East of scotland having sunshine whereas the far north and west having some rain slowly spreading in. For the weekend, wet on saturday. The rain clears away and we are looking at scattered showers but feeling cold for all of us. Bye bye. This is bbc news. Our latest headlines. Gavin williamson has been appointed secretary of state for defence. Mr williamson previously held the position of chief whip. The appointment comes following the resignation of sir Michael Fallon, amid ongoing allegations of Sexual Harassment in westminster. The bank of england will shortly make an announcement on Interest Rates. Many are predicting the first increase in more than 10 years. President trump has called for the Death Penalty for the man accused of mondays terror attack in new york. Letsjoin queue at lets join queue at the sports centre. Good morning. Tottenham hotspur manager borussia parkjejuni believes the rest of europe cancelled up and take notice after they beat real madrid for the first time in their history. It came thanks to a dominant 3 1 win with two girls from dele alli. Christine ericsson sealed the victory with a third goal for totte n ha m the victory with a third goal for tottenham in the second half. It means as pairs now reached the knockout stages with two games to spare. Yes, of course, im happy. Very pleased. The performance was fantastic. Its so important, victory for the club, the fans, the players. For everyone. Ithink, yes. It was a historical night for manchester citys Sergio Aguero. Pep guardiola described him as a legend artie brought the clubs goal scoring record. He hit his 178 goal scoring record. He hit his 178 goalfor the club goal scoring record. He hit his 178 goal for the club to go one better than eric brooke in a 4 2 win at mapperley but also put them through to the last 16. When one guy achieves what he has achieved, big congratulations for his team mates he plays with. Managers. He is a legend for the club, for history so everybody has to be so proud of him. The perfect night for british clubs in europe was completed by liverpool, to good for their opponents. A neat finish in the second half. Daniel sturridge made it 30 second half. Daniel sturridge made it 3 0 right at the end to keep liverpool on top of their group. England batsmen Mark Stoneman says he hopes ben stokes consult pay a pa rt he hopes ben stokes consult pay a part in the ashes in australia. He wont be selected until further notice following an incident outside a bristol nightclub in september. Englands opening tour match against Western Australia starts on saturday in perth with the first test on november 23. Very unfortunate. What has occurred. I feel for him. November 23. Very unfortunate. What has occurred. Ifeel for him. I hope there is a way back. Hopefully once things get settled over there, it would be great to have him on tour. Most importantly, it is well and in himself. They say this reason to celebrate for the people of huston, just months after a hurricane devastated the city, their team have won baseball s world series for the first time. They beat the la dodgers overnight. Springer was named the first player to hit home runs in four successive world series games to help them to a 5 1win on the night and afterwards the players are dedicated to win to those affected by the disaster. The people of the city of had a tough time. In 56 yea rs, city of had a tough time. In 56 years, this is ourfirst championship. When we get back its going to be a great feeling. That is why we show the city how much we support them and how much they support them and how much they support us. We could not thank them enough. Congratulations to them. That is all the sport for now. I will see you shortly. See you later. Thank you very much. Lets just remind ourselves of the news that in the last hour the Prime Minister has appointed her new defence secretary. Gavin williamson moves from chief whip following the resignation of sir Michael Fallon. Julian smith moves up from deputy chief whip to chief whip, in the role mr williamson leaves vacant. And esther mcvey has been given the job of deputy chief whip. Jonathan beale is here now. We are hearing more political than military reaction at this early stage to the appointment of Gavin Williamson. Lets talk about the main challenges facing him. Given that he has no background. Yes, the first job hes got is developing any kind of relationship with a military. Is not someone relationship with a military. Is not someone with a military background. Some people look down on that but, lets be honest, many defence secretaries have had no military background themselves, so thats not going to be necessarily a stumbling block, but he has walked into a very toughjob. He block, but he has walked into a very tough job. He has block, but he has walked into a very toughjob. He has got to deal with the potential of defence cuts. Security reviews are going on at the moment. The mod is in tough financial straits. Yes, there has been an increase in the defence budget but they are having to make savings of more than £20 billion and all three services have had to put forward options for cuts, so they will hope he will essentially try to get more money out of the treasury. He will be a strong voice for the armed forces, not to have those cuts, which will happen. Decisions about what cuts will be made will happen by the end of the year, so that will be his immediate challenge. What happens first when he goes to the mod is, as one of people googling who he is, because they dont know much about him either, he will get briefings. He will get military briefings. He will be told about trident, britains Nuclear Weapons system, told that the campaign against so called Islamic State, so hes got a lot on his plate as soon as he walks through the door. Whether his appointment is primarily about political expediency, bolstering theresa mays position, irrespective of that, he has got this job to get on with and people will be watching closely to see how he handles this move from chief whip, cabinet enforcer, to this new ministerial role. Yes, its worth remembering his never been a minister, secretary of state, with a big Spending Department like the mod, so hes got an awful lot of work to do, a lot of homework to do and catching up, but remember, is not just homework to do and catching up, but remember, is notjust an unknown quantity to the people and the military, is also an unknown quantity to all the other defence ministers, the defence secretary is meant to be given to a defence meeting in brussels next week. Supposed to be meeting the us defence secretary very soon. They will be trying to find out more about him and, as i said, he will have plenty of homework to do and he does arrive at a very difficult time for the mod as they face the potential of these cuts. Jonathan, thank you very much for that. Theresa may will meet the israeli Prime Minister, Benjamin Netanyahu, in downing street today, on the centenary of a british promise to support a National Home forjews in what was then palestine. Palestinian leaders have called for an apology for the Balfour Declaration, and protests are planned here and in the middle east. Our middle east correspondent yolande knell reports. This museum in bethlehem shows the signing of a controversial letter which helped transform the middle east. Its British Foreign secretary arthur balfour, 100 years ago. And this is actually the same declaration over here where it says the government views with favour the establishment in palestine of a National Home for the jewish people but at the same time nothing shall be done which prejudices the rights of existing non jewish communities. A guardian of law and order. During the first world war, the Ottoman Empire collapsed and britain took control of palestine. It had a large arab majority but thejewish population was growing. When lord bell for visited in 1925, jewish residents welcomed him warmly. The Balfour Declaration is now seen as a major step in creating the modern state of israel in 1948. His text was deliberately ambiguous. But palestinians were taught it sowed the seeds of their long standing conflict with israel. The current lord balfour takes a special interest in the middle east and the centenary. I think we should commemorate it rather than celebrated. I dont think we can celebrated. I dont think we can celebrate while we have this friction. Now the israeli Prime Ministers in london for the anniversary of the Balfour Declaration. But palestinians are angry. They feel the uk owes them an apology for what they see as an historical injustice. The uk has rejected the call saying it will mark the occasion with pride. Just some news, Boris Johnson mark the occasion with pride. Just some news, borisjohnson responding to the resignation of sir Michael Fallon as defence secretary. He says he had a record to be proud of as defence secretary. Ive known michael for many years, great colleague and a great defence secretary and has left our Armed Services in very good shape as we go forward. I think hes got a record to be extremely proud of. That is the reaction from borisjohnson, the foreign secretary, after resignation of Michael Fallon yesterday following allegations about inappropriate behaviour. Asked about bbc, if his behaviour has always been of a standard expected of cabinet ministers, Boris Johnson applied you bet. Now onto nursing. Theres been a sharp decline in the number of nurses and midwives from the European Union wanting to work in the uk. The nursing and Midwifery Council says comparing this year to last, theres been almost a 90 drop in new registrations. Our Health Correspondent Sophie Hutchinson reports. Around one in every 20 nurses and midwives working in the uk was trained in the eu. Many are from spain, portugal, poland, and romania. But, according to new figures, the numbers are declining. The nurses and midwives regulator, the mmc, says more than 10,000 joined the uk register until 2015. But, this year, that fell dramatically to around 1,000. And the number of eu nurses working here already who decided to give up uk registration rose by 67 . Clearly, its a worrying trend, and for those responsible for thinking about what we need in the future, so the nurses and midwives we need in the future to care for us, theyll look at this and think what can we do to reverse that trend . Its really difficult to speculate as to reasons why. The figures add to previous evidence pointing to a significant reduction in the number of eu nurses keen to work in the uk since the Eu Referendum. The Royal College of nursing has described the figures as alarming, and estimated the nhs was short of at least 40,000 nurses. The government said it is ensuring the nhs has the staff it needs for a 25 increase in nurse training places. Sophie hutchinson, bbc news. Children from blackburn are four times more likely to have fillings than their counterparts in South Gloucestershire according to a new report on dental health. It found that as well as there being a north south regional divide, there was a consistent gap between the dental health of the rich and poor in england. People from the most deprived backgrounds were twice as likely to be admitted to hospital for dental work. Its that time of year which hundreds of thousands of families look forward to letting off some fireworks on bonfire night. Yet despite the huge number of people across the uk who will enjoy displays at home safely every year a relatively small number of people do suffer burns. John maguire has been to meet one such family in north devon. Just to warn you, some people may find the start of this report a little distressing. What are you doing. Fireworks bonfire night 2016 and like countless other children, 4 year old maisie was watching the fireworks in her garden. But then, something went terribly wrong. The fifth one just shot straight across the field. It got stuck in maisies scarf before it exploded and set the scarf on fire. I was trying to pull it out and when i was pulling it out it exploded and burn went on my hand. Yes. You burnt your hand. Maisie suffered severe burns and was taken from her nearest hospital to a specialist unit in bristol where she had several operations including skin grafts from her leg. She had five operations in the first week. Her mother shows me a video made by a relative that has been viewed online by a third of a million people. Over the past four years, there has been a 53 increase in firework injuries treated in hospitals in england. The number has risen from 120 in 2013 to 184 last year. Of those, children injured has gone from 28 to 82. Its a tiny fraction of those who enjoy bonfire night every year but stephanie says even one child burnt is one child to many. I have been a Police Officer for nine years and i have had three children. Ive seen most things. Not a lot fazes me but seeing your child in that much pain, it was absolutely horrific. A parliamentary debate in the summer discussed banning the sale of fireworks, to restricting them to organised displays. Safety and Animal Welfare issues were raised. But there are legal restrictions on public sales and the threat of prison if fireworks are abused. Balanced with a huge amount of their safe use, the government decided against a ban. The british fireworks industry says it is a responsible and heavily regulated ones with 16 new pieces of legislation since 2004. Maisie will require more treatment as she grows. But this year her Family Planning attend a public display if she is happy to do so. But for all of them, fireworks will never be the same again. If people are determined to do them at home then let the kids watch them from inside. Put a pane of glass between them and the explosives in the garden. What happened to maisie last year was a horrific accident that could happen to any child in any garden this year. It is not worth the risk. Its been adopted by the leader of the free world and accused of influencing elections, but fake news is today legitimate news as its been named collins word of the year. The term was adopted by President Trump during his election campaign, and has seen its usage soar by over 300 since 2016. Other words on the list include corbyn mania, describing fervent enthusiasm forjeremy corbyn, the leader of the labour party. In a moment a summary of the Business News this hour but first the headlines on bbc newsroom live. The Prime Minister has appointed, former chief whip, Gavin Williamson as the new defence secretary. It comes after sir Michael Fallon resigns from the cabinet following accusations of inappropriate Sexual Behaviour. Within the next ten minutes the bank of england is set to deliver its decision on Interest Rates with economists expecting the first rise ina economists expecting the first rise in a decade. More on that story now. Interest rates could be about to rise for the first time in ten years. Economists predict the bank of england will confirm the move later today. It would mean the cost of some mortgages would go up, but savers should see better returns on their money. Our personal finance correspondent, Simon Gompertz explains. This could be a shock for people in millions of homes which are saddled with a variable Rate Mortgage, homes like this one in oldham. The owner, lynn, has struggled financially ever since a car accident stopped her working. I am literally living i wouldnt say on the bread line, but very, very close, and any hike in interest or supermarket bills affects me instantly. The bank of england has to decide whether, with the economy growing, there is a case for keeping Interest Rates low. The governor, mark carney, has already given hints that a rise is on the way. The banks base rate was cut to 0. 5 in the midst of a financial crisis, then to 0. 25 after the Eu Referendum last year. The speculation is that it will be put back up to 0. 5 again. I think, whether you are a saver or a borrower, i dont think the increase will be that significant now. But the likelihood is well get a series of increases, maybe two more over the next two to three years, so it will start to have a more Material Impact on our everyday lives. In the financial world, they are so convinced that a rate rise is on the cards that the pound has gone up, in the hope the money kept in the uk will give higher returns. So, if that doesnt happen, the markets will be caught on the hop. Lets cross over to the city and our Business Correspondent, if this rise comes as predicted, what impact will it have . Well, that is what all the traders around me at lloyds are waiting for. There is a sense of anticipation, excitement, not because we are here but because the decision is due in the next ten minutes or so. Wonder watching for that outcome is alan. Just explain to us. We have been saying recently on bbc news that traders are expecting the right to go up by 0. 25 . Why is that . If you look where current market rates are trading, where you can actually invest your money, the rates being offered at the moment suggest that 90 probability of eight quarter point move today so the market rates themselves already embody that expectation. If you look at economists consensus, the latest poll by bloomberg suggests 43 economists out of 52 expect a rate rise today so everyone is looking for a rise today so everyone is looking fora 0. 5 rise today so everyone is looking for a 0. 5 microns what would be the effect if the bank as expected announces the rise that people are anticipating . I think because it is so anticipating . I think because it is so well flagged and the market is expecting it, if they come through with a quarter point rise, we could get a flutter in the markets but i dont imagine the markets will do that much. The key will be what the Monetary Policy committee, was it a unanimous decision . Who sent it . Also what the text of the Inflation Report which is out of the same time will show but basically updates the latest forecast and we also have the government speaking at 1230 as well. Ok, we will speculate on. We will bring you the decision live here here from the training floor at lloyds so join here from the training floor at lloyds sojoin me here from the training floor at lloyds so join me then. Back to you. Thank you very much. See you soon. And you can put your questions to ben about todays Interest Rates decision using the hashtag bbcaskthis. Hell answer your questions when we speak to him after the decision at midday. We also have a News Conference of mark carney around 1230. In a moment we say goodbye to viewers on bbc two. First we leave you with for a look at the weather. Hello there. Good morning. Pretty cloudy skies across central areas of england at the moment. At some sunshine further north and in scotland. Blue skies. A similar scene scotland. Blue skies. A similar scene right across Northern Ireland and the far north of england. This cloud will stick around for much of the afternoon edging its way a bit further south and east. But for south west england, they held onto brighter skies. Still a bit of sunshine in the far south of kent. And east and west sussex but otherwise, cloud. A few spots of rain perhaps with a cloud but for many it will stay dry. The dry sunny weather will continue across the northern half of the uk this afternoon. Maximum temperatures, 79. Afternoon. Maximum temperatures, 7 9. For the rest of the evening, we will see more cloud affecting central areas. Patchy fog in north east england and east of scotla nd north east england and east of scotland overnight tonight. Otherwise, though, a dry night. Temperatures, 5 9 in the towns and cities. In the countryside, a bit lower than that. Friday will be cloudier compared to today. Brighter skies, sunshine developing across south wales. Brightness 200 in Northern England and eastern scotla nd Northern England and eastern scotland but rain spreading into the far north west of scotland and the north west of Northern Ireland by the end of friday. If you are heading out on friday evening any firework displays, for many, it should be dry actually. Some patchy rain in western scotland, north west england and the north west of wales that for many, dry with some cloudy skies but into saturday, this weather system rings heavy rain. Milderair weather system rings heavy rain. Milder air behind it. Weather system rings heavy rain. Milderair behind it. Colderair spreading eastwards through the weekend so notably colder as we go into sunday especially. Outbreaks of rain on saturday. That world largely that will gradually clear away and then at mixture of sunshine and showers. Turning quite chilly. Saturday evening not too bad if youre going to firework display. Sunday, a dry day for many with sunny spells. Notably colder. 8 10. Those temperatures coming down by a few degrees. That is it from me. Bye bye. Back to the city now that Interest Rate decision is just a few seconds away heres our Business Correspondent, ben bland. It certainly will be symbolic if rates go up for the first time in a decade. Indeed. Thats why all of the traders here on the Trading Floor at lloyds are watching it very closely. Let mejust lloyds are watching it very closely. Let me just take you into the screen where it will pop up. You can see that this is the current Interest Rate, that is what they are expecting, and in the middle is where the rate will appear when it is announced. It will appear at exactly midday, in about ten seconds, we will keep it on that screen. Seconds, we will keep it on that screen. You will see it as traders here and all around the world will see that result. Its coming up in just a few seconds. We will see it as everyone expected. There it is, 0. 5 . An increase the base rate of a quarter of a percent. That is what most economists were expecting. It is significant because that bank of england base Interest Rate is used asa england base Interest Rate is used as a benchmark, as a guide, for setting the rate you get on your savings, the rate you pay on your mortgage. Just to give you a rough guide us toward it will mean you. For every £100,000 on a mortgage, that increase will equate to roughly, on average, £13 per month more in your repayments. That is the sort of thing that wont be welcome news for borrowers, but on the other hand, savers, it means you might start getting a better return. I can hear the reaction on the Trading Floor to this. People responding to that outcome. We should say that with an Interest Rate rise, of course, savers wind, borrowers lose, but there are so many more savers than borrowers. Savers win. Something that just than borrowers. Savers win. Something thatjust over 8 million mortgage holders. Something like just over 8 million mortgage holders. Those on fixed rates will not see a change. Thats the majority of people who have mortgages. It is those who are on tracker mortgages, variable Rate Mortgages, you will see the payment increase month by month. The bank of england has a job of controlling this kind of thing. The bank doesnt wa nt this kind of thing. The bank doesnt want prices to run away because that means the prices you and i pay in the shops would just get more and more expensive. Theirjob is to keep that under control. Their otherjob is to support the economic growth. Lets speak to adam chester who has been watching this. Adam, this is what markets were expecting, have we seen any what markets were expecting, have we seen any big moves in terms of sterling yet . Look at this screen, this is sterling dollar. You can see these big spikes which weve seen in these big spikes which weve seen in the initial. You we can see a reaction. The pound has reacted to the vote of a quarter point rise as we expected. There was some suspicion that maybe we would get this. The initial reaction seems to be weaker. Some of the other headlines coming out on the screen suggest that maybe we are going to see a couple more rate increases over the next couple of years. But not a particularly hawkish or pronounced message from the bank of england that they intend to raise aggressively. That has been the key mantra of the bank. What they intend to do is to raise Interest Rates to a limited extent and under gradual pace. I suspect that is the message the market is taking away at the moment. Borrowers and mortgage holders will be wondering this. If we are seeing the first rate rise in the base rate, they might now be wondering if the bank would be putting break up regularly and faster. What are the hints youve seen faster. What are the hints youve seen from what the bank has put out with this report . The bank of england forecast the published today is based on the market rate profile. We talked earlier about the market Interest Rate expectations. There will be probably a couple of quarter point rises over the next couple of yea rs. Point rises over the next couple of years. Thats not a great deal of increase. It seems to be endorsing that. It does have an inflation projection in three years time that is still slightly above the bank of englands 2 target. That suggests it still thinks, even with those two more increases, that inflation will still be above target, which leaves the door open for a slightly higher increase towards the end of the forecast. Some watching may wonder, they hear a lot about the uncertainty around brexit, and the challenges that poses for the economy, they may be wondering why didnt the bank of england keep the rate loan, why didnt they hold it, to keep that stimulus for the economy to avoid the economy slowing down . Its been a nuanced argument. The fact Interest Rates have been so low for so long underscores that. But i think the argument and the judgment is the bank of england has come to, one, the economy has improved. The Third Quarter growth was stronger than the bank of england was expecting in august. We have an employment rate which is just 4. 3 , the lowest for over 40 yea rs, just 4. 3 , the lowest for over 40 years, andi just 4. 3 , the lowest for over 40 years, and i think the bank of england is recognising that while there is no wage growth we are seeing capacity restraints and availability. If that starts to fall, that feeds through to wages and into higher inflation. There is also this whole issue around the supply rate. That is the concern of the government. We have weak productivity growth in the uk which is undermining how much we can initially produce. Even in an environment where conditions are uncertain, if were not producing output through improvements, there isa output through improvements, there is a case of racing at low levels of growth. That is what the bank of england are saying today, ultimately. Thanks very much. It is no overstatement to say that this is an historic day. Weve not seen an Interest Rate rise by the bank of england for ten days but weve seen one today. For ten years but weve seen one today. Back to you in the studio. Thanks very much. That stay with this. The bank of england has, as predicted, increased Interest Rates. We can go to our economic s editor who is at the bank of england. I think it was a seven to two vote, is that right . Thats right. The Monetary Policy committee, the organisation that sets the Interest Rates, partially started by bank staff, bank of england, and others, and outside economists, they were split 72. Nine members of that committee. They we re members of that committee. They were split seven to two. The big reason is inflation. Inflation is at 396. Reason is inflation. Inflation is at 3 . The banks target is 2 . Its concerned that those prices will keep going up for consumers who have problems with their wage increases. It has just put up the rise to try and control that inflation. It believes that inflation will peak next month at 3. 2 , then start falling away. But its trying to ta ke falling away. But its trying to take some heat out of the economy by raising Interest Rates. Many millions of people on variable Mortgage Rate will see a slight increase in their monthly repayments. Maybe ten to £20. But also good news for savers, finally, also good news for savers, finally, a small rise in those miserable Savings Rates which theyve been suffering for the past decade. But the bank is still signalling that the bank is still signalling that the economy is still very delicate. It has warned again about the brexit risk. And look into the future, it has said any new rises will be limited and gradual. Another Interest Rate rise possibly next year, another 0. 25 , up 20. 75 . Theyre not another one until 2020. Up theyre not another one until 2020. Up to 0. 75 . Dont forget the survey that revealed that an unexpected bill of just survey that revealed that an unexpected bill ofjust £50 would really face many households with a struggle. Margins are tight for many people in their household economics. They just got tighter. Well be talking more on that in a moment. Another question to you. What you think Market Reaction towards this will be, what will it do to the value of the pound . A lot of this was priced in, i think. The bank of england has proven itself to be a reliable boyfriend. Its been criticised in the past for marching us up this hill of inflation, then said we are not going to raise Interest Rates because the economy isnt strong enough. This time many members of the Monetary Policy committee and the Monetary Policy committee and the bank of england were pretty clear that this time there was this need, because of this inflation issue, for a rate rise. The governor of the bank of england is pretty much suggested that in an interview earlier today. I would have thought that the reaction would be subdued. This has been priced in. Sterling has increased in some strength over the past few weeks because of this signalling from the bank. And the markets will probably say, well, this is what we expected, i imagine it wont be too volatile. Ta nks it wont be too volatile. Tanks very much. Joining me now is the retail expert from savvy marketing. Consumers are heavily indebted. Although the bank of england might describe this Interest Rate rise as modest, what do you think the average consumer will make of it . I think they are feeling wobbly. We are fragile when it comes to Consumer Confidence. We are concerned about our household incomes. People will be concerned that this is the start of a number of rises. This is the first in ten yea rs. If of rises. This is the first in ten years. If you are 28 or under, youve never seen a years. If you are 28 or under, youve never seen a rise before. Thats always concerned because you feel worried about what the future might hold. Do you think mark carney will have to get a strong message out there that will filter through to people if he wants to boost their confidence, their Consumer Confidence . I think so. Confidence, their Consumer Confidence . Ithink so. It confidence, their Consumer Confidence . I think so. It feels like a long way away, doesnt it, Consumer Confidence, when you talk about yourself. If you arent seeing an increase in your salary and the amount of money you spend per week is going down, prices are going up when you do your grocery shopping, it makes it easy to feel uneasy about things. We are going into Political Uncertainty on into christmas, a time where people spend a lot of money. We need confidence. That is something mark carney needs to make sure gets across today. Most people are expecting it. But it is one thing expecting it, it is another thing to see how it affects you in your bank account. People will be watching this anxiously. People will be looking to make a lot of money over the christmas period, particularly retailers. Of course. Any change in Consumer Spending is hitting hard amongst retailers. They are already nervous going into this christmas. Credit has been relatively free for shoppers. Its not going to feel like that as much any more. We have seen slowing down on high ticket items. These next eight foot ten weeks is where we need to see people getting onto the high street come into stores, and spending. So retailers will be feeling nervous today. Onto the high street, into stores. Thanks very much. The other big story of the day. Gavin williamson has been appointed as the new defence secretary after sir Michael Fallons resignation. He was elcted as an mp in 2010 and has never previously held ministerial office. Gavin williamson moves from chief whip, following the resignation of sir Michael Fallon. Julian smith moves up from deputy chief whip to become chief whip, in the role mr williamson leaves vacant. And esther mcvey has been given the job of deputy chief whip. Our Political Editor has been tweeting on the appointments. Sir Michael Fallon became the first politician to quit following wider claims of sexual harrassment at westminster. Hes admitted his conduct had fallen short of the high standards expected. Borisjohnson, who Boris Johnson, who has borisjohnson, who has been speaking in the last short while, said Michael Fallon had a record to be proud of as defence secretary. In his statement he said he was asked if his own behaviour has always been of the standard expected from cabinet ministers, he replied our assistant Political Editor norman smith is in downing street. He has made his way from the mod. It looks as though most people are beaming the appointment of Gavin Williamson, as defence secretary, as primarily about theresa may strengthening her position, bolstering her position. I think this is all about stability, loyalty, and a safety first reshuffle. This is not a big fandango reshuffle, its a very modest reshuffle. Theresa may has chosen not to engage in a big shake up. Instead, she has fast tracked the fixers. The operators she relies on in westminster. Gavin williamson, her chief whip, the man who was the Campaign Manager when she ran for the tory leadership. A man to trust absolutely. She sees him every day to discuss political and parliamentary business. A man she trust absolutely. He has been fast tracked from chief whip to defence secretary. I dont think he has held any other ministerial position. This is a big leap up for him. And the thinking is to try and ensure that theresa may has at the cabinet table another person she can trust who is loyal absolutely to hire. Who isnt going to upset the equilibria, or balance, within the cabinet. And then to replace him, she has appointed his deputy. We are seeing, if you like, a marked of the parliamentary enforcers. The parliamentary enforcers. The parliamentary fixers. That has raised some eyebrows at westminster, particularly, i suspect, raised some eyebrows at westminster, particularly, isuspect, in raised some eyebrows at westminster, particularly, i suspect, in defence circles. Because they are looking for somebody who can fight their corner in the forthcoming tense negotiations in the run up to the budget. And, this, at a time when allegations are still swirling around westminster about inappropriate Sexual Behaviour with ruth davidson, the scottish leader, last night calling for a clear out, for the stables to be cleared out. Mrs may, when she appeared in the street a short time ago to greet the israeli Prime Minister, Benjamin Netanyahu, she israeli Prime Minister, Benjamin Neta nyahu, she was israeli Prime Minister, Benjamin Netanyahu, she was challenged about that. Is it time to clean out the stables, mrs may . Time to clean out the sta bles . Mrs may . Time to clean out the stables . Have all ministers observed the highest standards expected, mrs may . Missed opportunity for a female chief whip, Prime Minister . Norman, questions to mrs may, but no a nswe rs. Questions to mrs may, but no answers. We wait to find out if any other figures answers. We wait to find out if any otherfigures resign answers. We wait to find out if any other figures resign as a result of this harassment scandal. Just going back to the appointment, though, of Gavin Williamson, what do you make about these lines which our colleague Laura Kuenssberg has been tweeting, one minister saying theresa may is so weak that she has let williamson appoint himself. Another person saying, he has deserted his post at such a crucial time. Your thoughts on that . A lot of people will say gavin who . He is pretty much unknown, i suspect, outside of westminster circles. It is certainly a massive promotion for somebody with no defence background and no ministerial background. The danger is people will see this as mrs may tucking in beside her another person who will stand by her. That, to some extent, underscores the vulnerability of her position now, the fragility of her position, that she dare not engage in another bigger, more radical shake up of the cabinet. And indeed, didnt opt for what many people thought she might go for, which was a flashy reshuffle by promoting a woman, the first female defence secretary. It was argued that it would have been a smart move in the current climate. What better symbol that you are going to change things, that you are not going to rely on old white men, you are going to bring in a woman. She did not opt for that. Instead, she went for this limited, cautious, loyalty first budget. There will be those who say that this is a sign of weakness, rather than strength. Thanks very much. Lets get more now on our top story this morning, the bank of englands decision on Interest Rate decision. It increased the base rate from a quarter of 1 to a half of 1 . The liberal democrat leader and former business secretary Sir Vince Cable is at westminster. Good afternoon. Do you think this was the right time to put up rates . I have worries about it. A quarter ofa i have worries about it. A quarter of a percent makes little difference. But it is the signal that it sends. Essentially what the bank of england is now saying is that we are moving to a world of higher rates, following the us. On one level that is understandable. We have had ten years on a life support system, keeping the economy going in the wake of a banking crisis. But if thatis the wake of a banking crisis. But if that is where the bank of england is now going, then that is going to present a really Serious Problems for people and companies with high levels of debt. And it also raises the question, if the weaknesses in the question, if the weaknesses in the economy become worse because of all of the uncertainties around brexit, is what on earth do they do next. Do they go back down again, find some other way of stimulating the economy . I find this a bit worrying. Though i can understand the logic that led up to it, in terms of debate. Do you think it is a rebalancing of Interest Rates after the drop to a quarter of 1 that followed the Eu Referendum, rather than a sign of a series of Interest Rate hikes being on the way . It could be either. My reading of it, certainly from a few minutes ago, is that this is a signal that they do want to move to a world of higher Interest Rates. The americans have gone in that direction. There are people on the bank of england to see the rigid economy as being overheated. And the labour market. And thats the direction they want to go. The signal extends to people and companies who are indebted that they are going to be in a tougher world. That is what we have to take on board. Coming back to the point on board. Coming back to the point on confidence. Do you think this will hit Consumer Confidence badly at the moment . Its a small change. The direct effect is limited. But we are already beginning to see that consumers are losing confidence to some degree. Consumers have been keeping the economy going. We have seen some keeping the economy going. We have seen some reining back on that, the effect on the retail sector. If consumers get the idea that credit will become significantly more costly in the future then this could knock on the head one of the bits of the british economy that has been growing. Because Business Investment isnt growing. There are lots of worries about what happens with brexit. That isnt going to change. Id like to ask your question about our other main story today. The scandal, the crisis, over harassment claims at westminster. We know that sir Michael Fallon has resigned. He has been replaced by Gavin Williamson. Do you think he was right to leave us defence secretary, based on what we know about the background leading up to this resignation . We dont know what the background is. There is obviously something there which hasnt yet emerged. All i can say is that he was a good colleague of mine. We worked well together in the coalition. We had a different approach to politics but we worked together. I am sure in the days ahead we shall hear what the real reasons why. If it was about touching the knee of the journalist weve all heard about ten years ago, would that be a reason for him to resign, in your opinion . would that be a reason for him to resign, in your opinion . I would be surprised if that was the real reason. Im not familiar with all of the details. No point speculating about it. The important issue which we mustnt lose sight of is how parliament, as a whole, how Political Parties to which this question. We need to get it right. All parties have had problems with Sexual Harassment. The important thing is to do what my party has done, which is to put in place a proper system of independent complaints. So if women have been harassed they have the complete confidence they can go to somebody independent and that it would be dealt with properly. And the appointment of Gavin Williamson as defence secretary, do you think mrs may has strengthened or weakened her hand . I dont know this guy. He has had no experience of ministerial office. Norman smiths analysis seems eminently sensible. That this is about loyalty rather than knowledge and competence. Thank you very much for your time. Time for a sports update. Mauricio pochettino believes that the rest of europe will sit up and ta ke the rest of europe will sit up and take notice after they beat the Champions League holders, real madrid, for the first time in their history. It came thanks to a dominant 3 1 win at wembley last night with two from englands dele alli. Christian eriksen sealed the victory with the third goal in the second half. Spurs have now reached the knockout stages with two gains to spare stock it was a night of history for Sergio Aguero of manchester city. Pep guardiola described him as a legend as he broke the clubs goal scoring record. He hit his 178 goal scoring record. He hit his 178 goalfor city to go goal scoring record. He hit his 178 goal for city to go one better than eric brooke in a 4 2 win at napoli, which also puts them through to the last 16. When one guy achieves what he has achieved, it is a big congratulations from all of his team mates that he plays with. He is a legend. For the club. For the history. Enjoy it. Everybody has to be so proud of that. It was three from 34 english clubs in europe last night. Liverpool were too good for marrow ball. Mohamed salah opened the scoring with a neat finish. Salah opened the scoring with a neat finish. Liverpool were too good for maribor. Mark stone and says he hopes ben stokes mark stone and says he hopes ben sto kes ca n mark stone and says he hopes ben stokes can still play a part in the ashes series in australia. He would be selected until further notice following an incident outside a bristol nightclub in september. The opening tour match against a Western Australia 11 starts on saturday in perth was the first test coming on the 23rd of november. It is very unfortunate what has occurred. I feel for it is very unfortunate what has occurred. Ifeel for him. I hope there is a way back. Once things get settled over there, it would be great if he could have some part on this tour. Most importantly, that he is well and coping. Manu tuilagi says it is ridiculous to consider extending the domestic Rugby Union Season on those making the proposal do not care about player welfare. He believes the risks in the game have grown with players being faster and stronger than ever. Nowadays everybody is big, everybody is fast, and the collisions are much higher. I think the risk is a lot higher. I just cant believe that they are trying, that they are even thinking of extending it. That is all the sport for now. I will be back with a full round up at about1 30pm. Iwill will be back with a full round up at about 1 30pm. I will see you then. Thank you very much. This is the scene thank you very much. This is the scene at the bank of england. We expect this to get busier in the next few minutes because the governor, mark carney, will be holding a News Conference following that rise in Interest Rates for the first time in a decade. We will be back there very soon. Lets ta ke lets take a look at some other of todays developing stories. A man accused of causing the deaths of eight people in new york by mowing them down in a truck has been charged with terrorism offences. Sifullo saypov whos a 29 year old from uzbekistan, is said to have been inspired by the Islamic State group. He was shot and injured by police at the scene of the attack. Our new york correspondent Michelle Fleury reports. New yorkers, defiant and emotional at a vigil to remember the eight lives cut short. Nearby, the alleged perpetrator Sayfullo Saipov appeared in court in a wheelchair. He could face the Death Penalty for charges that include terrorism. Prosecutors said his inspiration for the attack was clear. Saipov allegedly admitted he was inspired to commit the attack by the isis videos he watched and had been planning this attack for two months. The attack ended when saipov crashed into a school bus. He had planned to stay on his killing spree all the way to brooklyn bridge. Investigators descended on his house in paterson, newjersey. This is a Residential Community in southern paterson, about an hour from new york city, but last night it was disrupted. Police came here to apartment nine where Sayfullo Saipov and his young family are believed to have lived. The police emerged with bags of evidence. They will be looking to see if there is anything to link him directly to isis. Neighbours expressed shock. Its crazy anybody could do such a thing like this. It doesnt matter if they are muslim or anything, anybody could do this. For a city no stranger to acts of terror, this was a moment to remember and to show resilience. Michelle fleury, bbc news, paterson, newjersey. Meanwhile, President Trump has called for the Death Penalty for saipov. In a tweet, the president claimed saipov had asked to hang an Islamic State flag in his hospital room. The state of new york has outlawed the Death Penalty, but that can be overruled by the Us Government for a federal crime such as this. Police investigating the Manchester Arena bombing, which killed 22 people, say theyre applying to bring the brother of the bomber to the uk. Theyve issued an arrest warrant for hashem abedi, whos currently being held in libya. Greater Manchester Police say authorities there are considering the request. Police also revealed 512 people are now known to have been injured in the blast back in may. Two soldiers have been charged with negligence following the deaths of three soldiers during an sas selection march in the brecon beacons. Craig roberts, edward maher and james dunsby were taking part in a 16 mile recruitment exercise on the hottest day of 2013. A coroner ruled they died from neglect. Dustin hoffman has been accused of sexually harassing an intern on the set of one of his films in 1985. The writer Anna Graham Hunter says the oscar winning actor groped her and made inappropriate comments to her when she was 17 years old. Hoffman has apologised, and said he was sorry if he put her in an uncomfortable situation, adding it is not reflective of who i am. Police its been made famous by donald trump, amongst others, and accused of influencing elections, but today fake news is legitimate news as its been named collins word of the year. The term was adopted by the us President Trump during his election campaign, and has seen its usage soar by over 300 since 2016. Lets cross over to the bank of england now where the governor, mark carney, is speaking to journalists following its Interest Rate decision earlier today. The first in ten years. The bank of england has increased the rate for a first time in a decade raising by a quarter of a percentage point to half a percent and thats why want to do in my brief remarks was afternoon, to address three questions around that. Why have we done it . Secondly, what would be the impact of the change and third, what will happen next . Starting with the first, why have we raised Interest Rates . First, why have we raised Interest Rates . Our primary objective is to belittle defined by the government asa2 belittle defined by the government as a 2 inflation target. Cpi inflation was 3 in september, and it is expected to have risen a little further in october. But it isnt so much when inflation is now but where its going that concerns us. The mpc must set policy to achieve a sustainable return of inflation to target that is we must aim to bring inflation back to target and keep it there once the effects of temporary factors, caused by the referendum dissipate. In many respects, todays decision is straightforward. With inflation high, the economy growing at rates above its speed it, inflation is unlikely to return to the 2 target without some increase in Interest Rates. Of course, these are not normal times. Brexit will redefine the uks relationship with our largest trade and Investment Partner and it will have consequences for the movement of goods, services, people and capital, as well as the real incomes of uk households. The mpc has repeatedly emphasised that Monetary Policy cannot prevent either the necessary real adjustment to trading arrangements or real Income Growth likely to accompany that adjustment. We can however support the economy during the adjustment process. Such exceptional circumstances, the mpc is required to balance any trade off between the speed at which we return inflation sustainability target, with the support the Monetary Policy provides tojobs and support the Monetary Policy provides to jobs and activity. At the time of the referendum, the mpc set out our framework for doing so and we followed it consistently ever since. The mpcs assessment for inflation published today is broadly similar to our projections three months ago. In our forecast, to our projections three months ago. In ourforecast, conditioned on a gently rising bank rate, gdp grows modestly over the next few years at a rate just above modestly over the next few years at a ratejust above its reduced rate of potential. Consumption growth remained sluggish in the near term before rising in line with household incomes. Net trade is bolstered by a strong Global Expansion and the past depreciation of sterling. Business investment is affected by uncertainties around brexit, but continues to grow at a solid pace supported by strong global demand, high rates of poverty ability, the low cost of capital, and the limited Spare Capacity. The mpcjudges that there is a little less slack at the start of the forecast period than in august. More fundamentally, the pace at which the economy can grow without generating inflationary pressures has fallen relative to the crisis norms. This reflects persistent weakness in productivity growth since the crisis. More recently, more limited availability of labour. Over the next few years, modest demand growth is expected to use up the little Spare Capacity remaining in the economy. And domestic inflationary pressures are likely to build. With unemployment ata42 likely to build. With unemployment at a 42 year low, inflation running above target and growth just above its new lower speed limit, the time has come to ease our foot a little off the accelerator. That will help bring inflation back towards its 2 target while still supporting jobs and growth. So what will be the impact of this change . Changes in Interest Rates work through several chadians channels. It increases save rs chadians channels. It increases savers rates. It makes it more attractive to save today to consume tomorrow and less attractive to borrow, to spend today. And Interest Rates are one of many influences on Exchange Rates and other assets. The sheer novelty of the first increase in bank rate in a decade creates some uncertainty around its impact, there are reasons to expect it to be no larger than usual. Households are generally well positioned for a rate increase. More people are in work than ever before. Only about one fifth of people with mortgages have never experienced a rate increase, of those, almost half took out their mortgages after the ftc introduced its affordability stress in 2014 and that affordability requires mortgages to be able to withstand an increase in their Mortgage Rates to around seven Percentage Points. 60 of mortgages are at fixed rates. Even with this bank rate increase, many households will refinance on to lower Interest Rates than they are currently paying. I will give you two illustrations of that. For those moving off expiring two year mortgages, by almost two Percentage Points, for those moving off five year deals. Company Balance Sheets are in strong shape with a share profits required to meet monthly debt payments falling to its lowest level in almost two decades. Financial conditions remain highly supportive and demand is growing stronger robustly so. So what will happen next . As always, the committee will monitor closely the incoming evidence on Economic Outlook including the impact of todays increase in bank rate. To be clear, even after todays increase, Monetary Policy will provide significant support to jobs and activity. The mpc considers to expect that any future increase in bank rates will be at a gradual pace and toa bank rates will be at a gradual pace and to a limited extent. Current market deals which are used to condition our forecast in corporate two further 25 basic point increases over the next three years. That gently rising path is consistent with inflation falling back over the next year and approaching the target by the end of the forecast period. The mpc will, of course, react to developments to the extent to affect the outlook activity and in this regard, brexit remains the biggest determinant of that outlook. The decision to leave the eu is already having a noticeable impact. The overshoot of inflation throughout the forecast predominantly reflects the forecast predominantly reflects the effects on import crisis of the referendum related fall in sterling. Uncertainties are weighing on domestic activity which has slowed even as Global Growth has risen significantly. Brexit rated constraints on investment and Labour Supply appear to be reinforcing the marked slowdown that has been evident in recent years and the rate which the economy will grow without generating inflationary pressure. The impact of brexit on the forecast will evolve as negotiations progress. In particular, a reassessment of the Economic Outlook would be prompted by any resolution of the uncertainty about the nature of the uncertainty about the nature of or translation to the uks huger relationship with the European Union in so faras relationship with the European Union in so far as those changes affect the behaviour of households, businesses and Financial Market participants. While the direction of that reassessment for activity inflation is not automatic, the mpcs response will be consistent with its remit and the framework we followed since the referendum. By continuing to balance the trade off between the speed at which inflation is returning to target and the support Monetary Policy provides to jobs and activity, Monetary Policy will continue to make it contribution to the prosperity of the people of the uk. And with that, dave, ben and i will take your questions. Please give us your name and the organisation you represent and the organisation you represent and you will need to keep to one question only for the first time. Governor, for many millions of people today, the cost of living will go up. Youve got real incomes falling, the economy subdued, for people struggling to make ends meet, can you understand that they simply wont understand why you have decided to raise Interest Rates today and david, if i could ask you why you disagree with the government . Governor. Why you disagree with the government . Governor. The first thing i would say is that the rate of growth is slower than historic norms but not subdued. I think we have to get used to an economy after all, its operating with unemployment at a 42 year low, more people in work than ever before. This is not a false read on the unemployment rate. People are in the labour market, working, and the degree of Spare Capacity in the economy is very limited. So the question about the speed limit of this economy Going Forward will be increasingly determined by the rate of productivity growth, which, as you know, has been very slow since the crisis and is expected to be so Going Forward, even though we have some pick up. What we are doing is easing our foot off the accelerator. This is a modest adjustment in Interest Rates. It will have an impact on borrowers over time. Or positive impact on savers. In terms of deposit rates. It leaves Monetary Policy in a position where it still is highly supported. Of policy in a position where it still is highly supported. Ijobs and activity. You can expect it to have come in fact, it is the policy that is providing a boost to the economy relative to headwinds from other policies including fiscal policy and the uncertainty associated with brexit. In terms of households financial positions, they have been difficult as you know over the course of this year with the real incomes squeeze, the worst of that real incomes squeeze is ending. And this is part of ensuring that it does not comeback. In other words, ensuring that inflation returns to that 2 target in a sustainable manner ina that 2 target in a sustainable manner in a way that supports the economy, which supports keeping people in work, and moving forward. And in terms of dave. Thank you, governor. All of us are here, as is always the case, to explain the decision the mpc has taken today. Reflecting our commitment to transparency, you will see in the minutes there was a paragraph setting out the high level view of the two members of the mpc who did not vote for an increase in bank rate. I will have plenty of opportunities in the coming period to explain in more detail my position but today is about the mpcs decision. Its the first rate rise in a decade. The last time there was a rate rise cycle was 14 years ago. I just wondered if all other things being equal we dont get any sort of surprise negotiation outcome of brexit, could we see this as a starter rate rise cycle . Well, the first thing to say is that, as we have stressed that all of our communications and my opening remarks, our forecast is conditioned ona remarks, our forecast is conditioned on a market curve which is two additional grade increases over the forecast and we need those two additional rate rises to get that return of inflation to target. In fa ct, return of inflation to target. In fact, if you look closely at the forecast, inflation approaches the target, it does not quite get there and the economy is likely to be in a position of excess demand, in other words, running a little high at that point. So the judgment of the committee has been that thats the right way to balance the trade off at this point. There is another way to illustrate the point, which you will be familiar with. We release another forecast which is just one which has a constant rate. A co nsta nt which has a constant rate. A constant rate is at half a percentage point of the rate we just moved to and if you look at that over two years, inflation just below 2. 596, over two years, inflation just below 2. 5 , and unemployment is less than four cents, and economy is running above its potential rate of growth. 496. I above its potential rate of growth. 4 . I would remind you, that strikes as a trade off beyond the tolerance of the mpc to be clear. I would remind you of one other thing which is that our normal horizon to return inflation to target its 18 24 months. Because we are in exceptional circumstances, because there are headwinds to the economy because of the real income shock and other factors, we have stretched out that horizon to turn inflation back to target but there are limits to what we can do with that, and certainly when the economy is in a position where more people are working than ever before, when a limited Spare Capacity in companies, and the speed limit and the rate of productivity and growth and event elements of the same thing, is quite muted, it does require some recalibration of Monetary Policy. At the start, you said an important caveat which are subject to some major developer tom brexit. As i said in my opening remarks, and we said in my opening remarks, and we said in my opening remarks, and we said in the mps, if there is resolution of some of the Big Questions around brexit, transition deals, you would expect that to affect how the economy functions, you would expect that to change the Economic Outlook if you have is two components, and some recalibration of Monetary Policy. Monetary policy has the advantage of being the most nimble of the economic levers. I would caution, though, that the consequences of resolution on brexit are not. This is something we said before the referendum. Theyre not automatic for the part of inflation falls it doesnt necessarily go in one direction. Thank you. Governor, what impact did you expect this rate hike to have on Savings Rates . Should banks, Building Societies pass this on to savers . Yes, i will ask dave to supplement a bit. We do expect it to be passed on. Banks did pass on the cuts to their depositors and we expect competition to push it in the other direction. Obviously we will watch closely. I would say, as well, in terms of short term dynamics, since there is a lot of fixed Rate Mortgage debt which is not going to change in the short term because of a bank rate increase, actually most Consumer Credit is relatively insensitive to the level of bank rate, because there is so much a spread on top of it, and credit card fees are in the high teens Percentage Points. And of course the Student Loans are not affected by this. On the savings side, we would expect. Dave, supplement. We are seeing already reflecting whats happening in markets that the average rate of saving products has been going up this year so on one year and two year fixed rate bonds, this year so on one year and two year fixed rate bonds, we this year so on one year and two year fixed rate bonds, we have seen two year fixed rate bonds, we have seen 0. 2 and not. 4 on the rates between january and september this year so were already some anticipation. 0. 4. Year so were already some anticipation. 0. 4. One of the interesting points that you have talked about is the potential supply growth estimate being at 1. 5 , potentially quite a bit below where it would have been previously. Can you explain how much of that is down to long term secular trends, uk productivity trends, and how much of thatis productivity trends, and how much of that is a brexit affect . productivity trends, and how much of that is a brexit affect . I will start and passed to then to flesh out. The first point is the big news is this issue has a cumulative since the crisis as you recognise. Past two ben. Long periods of low investment and poor process investment and poor process investment for total factor productivity growth, and what we had, and it didnt matterfor the speedometer the economy, for a period of time because we had so much Spare Capacity in the labour market, and there is a chart in the Inflation Report at the start of Chapter Three which shows that basically all of the growth had been supported in an increase in Labour Supply. Well, we are getting to that point not surprisingly, with Participation Rate very high, a shift in a lower rate of net migration, those factors mean theres much less Labour Supply coming in so these longer term factors a re coming in so these longer term factors are starting to bite. Yes, brexit. Factors are starting to bite. Yes, brexit. That is factors are starting to bite. Yes, brexit. That is the biggest part of the story to be clear. The productivity puzzle is the biggest pa rt productivity puzzle is the biggest part of the story. It has been reinforced over the course of last year by some of the brexit affects and they were two fold. One is less investment, and i think we have pointed this out in the past, but basically, if you look at may 2016 for investment relative to our august forecast and this one, broadly the same, its about an 18 Percentage Points different in the level of investment at the terminal point of the forecast. And then the second thing is a grand total factor productivity and you talk a bit about that in the report. One of the challenges which is just starting to show up and depends very much on the final arrangement is negotiated, is the supply chain and effects on total factor productivity, so we are seeing some of that. I would just reinforce that this is reinforcing something that has been there as opposed to something totally new. Whichjust opposed to something totally new. Which just started last december. Opposed to something totally new. Whichjust started last december. willjust flag the graph you mentioned on page 22. It makes pretty clear, i think, how unusual this period is, how much all of the growth over the last decade since the crisis at least has come from increasing Labour Supply, employment growth, not productivity. There has beena growth, not productivity. There has been a period, 10 year period in the uk women have not had any productivity growth and you have to go back to the 1860s or 1870s to see that. Its not unique to the uk although we felt it more severely than others. Productivity growth has slowed in every advanced economy since the crisis. Its been more severe in this country than others. I think the committee has identified on top of that, as the governor said, since the referendum, we are probably reinforcing that trend and well continue to do so over the next couple of years. We have not changed that view since august. This is not a new Development Since august. Its not something we have suddenly done and for that reason decided to rise Interest Rates. What is clear is the consequence of this is clear is the consequence of this is unemployment has continued to go down, and that is one sign of the slack and economy, narrowed. That blue bar in that charter does not have much room to contribute on the sort of scale it has over the last few years. This increase is coming at a time when the Federal Reserve is also raising Interest Rates, when the European Bank is signalling its going to pay back its rates in january. I suppose my question is are we having a bit of a moment in central banks, post crisis, when people are moving together to withdraw some stimulus . Do you feel pa rt of withdraw some stimulus . Do you feel part of that . Is this just responding very much to the peculiar situation in the uk . The Global Economy is firing on, i think, most cylinders, although we need a 12 cylinders, although we need a 12 cylinder engine. The economy is doing very well. Ill draw your attention to capital goods chart which is almost off the charts in the report. So its not surprising that, as has been picked up in a number ofjurisdictions, that, as has been picked up in a number of jurisdictions, the stance of policy is changing and its not surprising for those economies particularly open its having some influence. So all of that is there. It creates some possibility. Movement upward in equilibrium rates as well. Extending to an investment led, heavy investment component to global recovery. The uk is participating a little less in this global upswing. We are participating in itfor global upswing. We are participating in it for subnet exports make an important contribution to growth. Investment is stronger and helped by Global Growth but not as strong as it normally would be and we are going through a period in part caused by the fact we picked up earlier than europe but in part, caused by idiosyncratic issues here. Its caused by idiosyncratic issues here. Its a relatively unusual period of underperformance for the uk at a time when the global g7 is doing as well as it is. So synchronised pick up globally, it makes sense. Everyone obviously bound by their own situations and we have certain unique elements we are grappling with. A lot of people watching this will be delighted and surprised you think wage growth is going to pick up. Can you explain why you think that will happen . We think. I will make two points on this, inflation coming down and wage growth picking up, let me be clear on the former, the first element, we do see inflation going a little higher studio mark carney saying is not so much where inflation is now but where its going which concerns the bank as he answers questions about that rate rise, 0. 5 . The first rate rise in a decade. He said the banks Monetary Policy committee will be monitoring the impact of todays announcement carefully, but it anticipates that any further rises would be at a gradual pace to a limited extent. He said he expected the banks to pass on the Interest Rate rise to depositors, just as they had passed on cuts in the Interest Rates to depositors. And he said a reassessment of Economic Outlook would be prompted by a resolution of brexit discussions. Time now for a look at the weather. Its its been a lovely afternoon up and down the country. A bit of cloud through parts of wales in the midlands as we head towards the evening. That cloud will become more widespread across the country. We could again under clear skies in the south west on a season dense fog patches developing. To the north, quite chilly under any clear spells. Temperatures, single figures. Tomorrow it is looking pretty different to today. Cloudy skies across the board and there will be rain in places. Subtle changes taking place across the north west of the uk with this weather front encroaching. Turning windy with outbreaks of rain but very slack airflow and there wont be that wind to mix up the air to break up the cloud. We could see some sunshine developing in central and southern areas but, on the whole, things looking pretty cloudy fulston after a foggy start in the south west, low cloud, and temperature wise, not too bad for the time of year. 12 14. A bit of brightness through central areas come and going. Further north, the odd shower. A little bit of brightness for eastern scotland, but we are seeing that change taking place across Northern Ireland and the north west of scotland with persistent rain pushing in. Then things start to get going, friday into the start of the weekend. A tangle of weather fronts pushing in from the west will bring a spell of wet weather, turning windy, as well, that, with it, much colder air pushing down from the north west. This is the theme as we had onto the weekend. Turning significantly colder across the board. A wet start to saturday, england and wales. Slowly clearing away as we reach the latter pa rt slowly clearing away as we reach the latter part of the day with sunshine and showers falling and the cold air digging in but if you are heading out to any fireworks event at the weekend, you could see a few showers in Western Areas weekend, you could see a few showers in Western Areas on weekend, you could see a few showers in Western Areas on saturday. Sunday night is looking the better one for any event. Here it is sundays picture. Average of high pressure. A dry day, sunshine and eastern areas but it will feel colder and fairly strong in the wind. The bank of england puts Interest Rates up for the first time in ten years. The rise, to 0. 5 , is an attempt to curb inflation. The banks governor hints there could be more increases to come. With unemployment at a 42 year low, inflation running above target and growth just above its new lower speed limit, the time has come to ease our foot a little off the accelerator. The rise is good news for savers, but means many mortgages will get more expensive. Im literally living. I wouldnt say on the breadline but very, very close. Any hike in interest or supermarket bills affects me. Well have full analysis of what this rate rise means. Also this lunchtime theresa may has appointed Gavin Williamson, the chief whip, as the new defence secretary