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Transcripts For BBCNEWS BBC 20240704

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Have about 3. 5 minutes of extra time to go. We are deep, deep into injury time, i should say, and, to go. We are deep, deep into injury time, ishould say, and, yes, i think england, they have a five goal lead, even a draw would take them through as Group Leaders but they have absolutely blown china away. There was some criticism of england coming into this. Theirfirst there was some criticism of england coming into this. Their first couple of games, they won but only 1 0 against opposition they certainly, in haiti, they thought they should have beaten more comfortably, but this time against china they have shown what they are really capable of. This is the england team we saw in the euros, the england team that went on a huge unbeaten run, and the england team that has kept hundreds of people here at box back in croydon thoroughly, thoroughly entertained for the last 90 minutes or so. Entertained for the last 90 minutes orso. Its entertained for the last 90 minutes or so. Its been a really brilliant game, some of the goal is absolutely fantastic, one happened while i was broadcasting live on air, i got a Bit Overexcited and try to describe it to people. Because it was a fantastic, kind of a volley, a really powerful volley up into the top right corner, it has been a great performance. I will introduce you to someone who has been djing here, i will draw you awayjust for a second, what have you made of it . Were nearly there. You are djing here and also, youre the dj at Crystal Palace figure involved with football, what have you made of the game today . Its football, what have you made of the game today . Football, what have you made of the game today . Its been exciting about bein here, game today . Its been exciting about being here, because game today . Its been exciting about being here, because this game today . Its been exciting about being here, because this is game today . Its been exciting about being here, because this is where, i being here, because this is where, like, being here, because this is where, like. The being here, because this is where, like, the vibe is that, we play music, like, the vibe is that, we play music, we like, the vibe is that, we play music, we have a good time, play a lot of music, we have a good time, play a lot of games, so you can see like, obviously lot of games, so you can see like, obviously for the mens game its been obviously for the mens game its been a obviously for the mens game its been a spot since about 2018, i think been a spot since about 2018, i think we been a spot since about 2018, i think we have created Something Special think we have created Something Special here, but you can see its like, special here, but you can see its like. Its special here, but you can see its like, its lead into the womens game and everyone is here enjoying the vibes and everyone is here enoying the vibes. � ,. , and everyone is here enoying the vibes. � , u, and everyone is here enoying the vibes. � , �. , vibes. And you can see weve got kids playing vibes. And you can see weve got kids playing in vibes. And you can see weve got kids playing in the vibes. And you can see weve got kids playing in the corner, vibes. And you can see weve got| kids playing in the corner, people having massages, theres. Its quite a different atmosphere for the womens tournament, isnt it, to the mens . It womens tournament, isnt it, to the mens . ,. , womens tournament, isnt it, to the mens . ,. ,. , womens tournament, isnt it, to the mens . ,. ,. , womens tournament, isnt it, to the mens . ,. , mens . It is a bit of a different one because mens . It is a bit of a different one because obviously mens . It is a bit of a different one because obviously its mens . It is a bit of a different one because obviously its in i mens . It is a bit of a different one because obviously its in a| one because obviously its in a differeni one because obviously its in a different place but i feel like everybody still comes out, Everybody Knows everybody still comes out, Everybody Knows its everybody still comes out, Everybody Knows its the spot. So, yes, its not as knows its the spot. So, yes, its not as may knows its the spot. So, yes, its not as may be lively in some. In some not as may be lively in some. In some respects. But still, everyone ust some respects. But still, everyone just knows some respects. But still, everyone just knows its the spot, theyve come just knows its the spot, theyve come out just knows its the spot, theyve come out to have a good time and that is come out to have a good time and that is the come out to have a good time and that is the vibe. Also you have a bit more that is the vibe. Also you have a bit more of that is the vibe. Also you have a bit more of a family vibe as well when bit more of a family vibe as well when you bit more of a family vibe as well when you come for the womens game, so its when you come for the womens game, so its nice when you come for the womens game, so its nice. ,. ,. ,. , when you come for the womens game, so its nice so its nice. You also do have lots of men here. So its nice. You also do have lots of men here, lots so its nice. You also do have lots of men here, lots of so its nice. You also do have lots of men here, lots of traditional i of men here, lots of traditional football fans, because the footballs has been exceptionally high quality, especially this game. Yes, its been good. You can see, england. Yes, its been good. You can see, england. 61 yes, its been good. You can see, england, 6 1 up and it looks like we will go england, 6 1 up and it looks like we will go and england, 6 1 up and it looks like we will go and keep going and keep going will go and keep going and keep going. Obviously the woman had the amazing going. Obviously the woman had the amazing success in the euro so everyone amazing success in the euro so everyone is kind of hanging around to see everyone is kind of hanging around to see how everyone is kind of hanging around to see how far they can take it in the world to see how far they can take it in the world cup, so we will see. Its good, the world cup, so we will see. Its good, though. Just the world cup, so we will see. Its good. Though the world cup, so we will see. Its good, though. Just one more minute here, we good, though. Just one more minute here. We will good, though. Just one more minute here, we will hang good, though. Just one more minute here, we will hang on good, though. Just one more minute here, we will hang on to good, though. Just one more minute here, we will hang on to see, good, though. Just one more minute here, we will hang on to see, i here, we will hang on to see, i think china, seems to be a chinese player down, it is the dying seconds but i think it is fair to say england are going to do this, are they . England are going to do this, are the . ,. ,. ,. ,. , they . Yes, we are going to do this and then face they . Yes, we are going to do this and then face another they . Yes, we are going to do this and then face another team, they . Yes, we are going to do this and then face another team, i they . Yes, we are going to do this| and then face another team, i think it witt and then face another team, i think it will be and then face another team, i think it will be nigeria, and then onto the next it will be nigeria, and then onto the next one. Again, everyone is going the next one. Again, everyone is going to the next one. Again, everyone is going to keep coming here because they know going to keep coming here because they know im here, they know im djing, they know im here, they know im djing, they they know im here, they know im djing, they know the vibes, they know djing, they know the vibes, they know the djing, they know the vibes, they know the vibes find djing, they know the vibes, they know the vibes djing, they know the vibes, they know the vibes and theyre here to see the football know the vibes and theyre here to see the football as know the vibes and theyre here to see the football as well know the vibes and theyre here to see the football as well good know the vibes and theyre here to see the football as well good to i see the football as well good to see the football as well good to see you. I will bring another guessing here, hello, what have you made of it so far . I guessing here, hello, what have you made of it so far . Made of it so far . I think it is amazing made of it so far . I think it is amazing i made of it so far . I think it is amazing. I really made of it so far . I think it is amazing. I really enjoyed made of it so far . I think it is amazing. I really enjoyed the | amazing. I really enjoyed the football, amazing. I really enjoyed the footbatt, it amazing. I really enjoyed the football, it is amazing. I really enjoyed the football, it is one amazing. I really enjoyed the football, it is one of amazing. I really enjoyed the football, it is one of my amazing. I really enjoyed the football, it is one of my favourite things. Football, it is one of my favourite things. And football, it is one of my favourite things. And i football, it is one of my favourite things. And i play football, it is one of my favourite things, and i play left football, it is one of my favourite things, and i play left wing, football, it is one of my favourite things, and i play left wing, andl football, it is one of my favouritej things, and i play left wing, and i ust things, and i play left wing, and i just reatty things, and i play left wing, and i just really love things, and i play left wing, and i just really love the things, and i play left wing, and i just really love the atmosphere l just really love the atmosphere here, just really love the atmosphere here, its~~~ just really love the atmosphere here. Itsu just really love the atmosphere here, its. �. ,. , here, its. And the quality of the match is something here, its. And the quality of the match is something weve here, its. And the quality of the match is something weve been i match is something weve been talking about, for people who havent watched womens football before, they maybe dont realise exactly how good some of these goals and some of these players are. Yes. And some of these players are. Yes, there are incredible. And some of these players are. Yes, there are incredible. I and some of these players are. Yes, there are incredible. I think theyre there are incredible. I think theyre a there are incredible. I think theyre a lot there are incredible. I think theyre a lot better there are incredible. I think theyre a lot better than there are incredible. I think| theyre a lot better than the there are incredible. I think theyre a lot better than the mens, personally theyre a lot better than the mens, personally i theyre a lot better than the mens, personally. I really theyre a lot better than the mens, personally. I really think theyre a lot better than the mens, personally. I really think that theyre a lot better than the mens, personally. I really think that they i personally. I really think that they are pushing personally. I really think that they are pushing through personally. I really think that they are pushing through and personally. I really think that they are pushing through and doing personally. I really think that they. Are pushing through and doing great today, are pushing through and doing great today, so are pushing through and doing great toda ,so. ~. V are pushing through and doing great toda ,so. ~. , � ,. , today, so. Whats your prediction, obviously i today, so. Whats your prediction, obviously i think today, so. Whats your prediction, obviously i think its today, so. Whats your prediction, obviously i think its fair today, so. Whats your prediction, obviously i think its fair to obviously i think its fair to say. Whistle blows and there we have it. I will come through in second, we have the final whistle, you can see the reaction here. I think for the last half hour or so, that pretty much, since the fourth goal of everyone here has been pretty confident but now we have confirmation, england qualify as winners of group g, meaning they will face nigeria in a few days time. As winners of group d. I do apologise, i am sorry, it can happen, it has generally been a nice atmosphere, occasionally you might get people who might do Something Like that, i apologise to any of our viewers. In general it has been a really nice family atmosphere here, as you can see, lots of people of all ages enjoying a fantastic day. Can ijust bring you back in here . I mean, that seems like pretty much a done dealfrom the mean, that seems like pretty much a done deal from the end of the first half. How confident are you feeling about how the rest of the game is going to go . I about how the rest of the game is going to go . Going to go . I really hope that encland going to go . I really hope that england pushed going to go . I really hope that england pushed through going to go . I really hope that england pushed through and l going to go . I really hope that i england pushed through and win. Going to go . I really hope that england pushed through and win. Im pretty england pushed through and win. Im pretty sure england pushed through and win. Im pretty sure they england pushed through and win. Im pretty sure they will. England pushed through and win. Im pretty sure they will. Its england pushed through and win. Im pretty sure they will. Its looking pretty sure they will. Its looking good pretty sure they will. Its looking good for pretty sure they will. Its looking good torus pretty sure they will. Its looking good for us pretty sure they will. Its looking aood for us. , . , ~ good for us. Good stuff, thank you very much good for us. Good stuff, thank you very much im good for us. Good stuff, thank you very much. Imjust good for us. Good stuff, thank you very much. Im just going good for us. Good stuff, thank you very much. Im just going to good for us. Good stuff, thank you very much. Im just going to bring | very much. Im just going to bring you back around one more time to say, despite occasionally bad language, its a really fun atmosphere here, kids playing away, who knows, maybe some future lioness is here but for now everyone is going to carry on and celebrate victory and look forward to the next game against nigeria may be some future lionesses there. Joe, thank you very much, very well handled, apologies once again to viewers who may have been offended by the bad language, as always, live tv and, well, we dont know what is going to happen, but we do know one thing and thats that england will play nigeria in the next round and also the other Group D Match Today was denmark against haiti and i think denmark won that match one goal to nil. Lets move on from the football and bring you some news. In moscow a tower block in the centre of the city has come under attack for a second time in two days. The building which hosts three Government Ministries was first hit on sunday. These pictures were taken a short distance away. The mayor of moscow has said that nobody was hurt and there was only minor damage. This was the aftermath of the Second Attack last night. You can see some of the damage in these pictures. Several drones were also reportedly shot down by air defence systems. Moscow has reported a number of Drone Attacks throughout the year at various locations as you can see in the red dots on this map. You can also see many have targeted areas close to the Ukraine Russia border. In another Development Russia says its also destroyed three ukrainian unmanned boats that were trying to attack two Russian Naval ships in the black sea. From kyiv, here is james waterhouse. The gloss of the financial district in the heart of moscow. But look closer. On this buildings 21st floor, a blemish. An impact, apparently from a drone. After a night when Authorities Say several were shot down. It was kind of that size, says this man. It flew into the building. The most important thing is everyone is alive and 0k. After months of feeling distant, russias invasion of ukraine is suddenly closer to home. Two days ago, a similar attack involving the same block. After the first attack, everyone said it wouldnt hit the same place twice and today we all woke up and were a bit shocked. I dont know what im going to do, but i think ill move from here. In moscow, the blame has been aimed squarely at ukraine. Indeed the threat exists. It is obvious, but action is being taken. Kyiv has also been accused of trying to attack russias prized Black Sea Fleet off occupied crimea. Ukraine rarely admits responsibility, although it did claim a recent strike on russias kerch bridge, which connects the peninsula to mainland russia. For ukrainian cities, attacks from the sky are a daily occurrence. Last night in kharkiv, a College Dormitory was hit by a drone. More than 70 people were injured after this Missile Strike yesterday. Six were killed. I lived on the ground floor here for 30 years and at the age of 70, i lost everything. Im homeless now, thanks to our so called brothers, homeless. Drones are falling on both sides of the border. 0nly drones are falling on both sides of the border. Only in ukraine, civilians are dying every week. France says it will begin airlifting its citizens out of niger on tuesday. The Foreign Ministry in paris said the decision to carry out an evacuation was prompted by the worsening Security Situation in niger after last weeks military coup. France said it had negotiated with the acting authorities in niger to proceed and will also help other european nationals to leave. It comes after supporters of the coup Burned French flags and attacked the French Embassy on sunday. Meanwhile military leaders in burkina faso, mali and guinea warned that any Foreign Military intervention in niger would be considered a Declaration Of War on them. The coup leaders in niger have accused france of preparing to attack. Niger is part of africas sahel region which stretches from the atlantic to the red sea. Burkina faso, mali and guinea say they would come to nigers defence. On sunday, the Regional Bloc Ecowas gave the coup leaders in niger one week to Restore Democratic Rule by reinstating ousted president mohamed bazoum. Chris ewokoh is monitoring developments in neighbouring nigeria. He gave me his assessment of the days developments we have seen plans by france to evacuate its citizens and help other european countries. We have seen a strong posture by the militaryjuntas in mali, burkina faso and guinea, who say they will defend their neighbour if there is a decision made to use force to reinstate bazoum. We have also heard from bazoums party, that there is a huge crackdown on members of bazoums party, about 130 people have been arrested, and they are saying that the military, the coup leaders in niger are carrying out repressive dictatorial acts to establish an authoritatrian regime in that country. Lets talk about france. The french are preparing to get their citizens out of the country and there is anger against france within the country and the wider region as well . Indeed, we have seen protests two times now, last week and on sunday, when people came out on the streets carrying both russia and nigerflags and Chanting Anti France and anti west slogans. On sunday, they tried marching on the French Embassy but were repelled by the police. There had been an allegation that french troops fired at the protesters, which france denied, but what the French Foreign minister said is that these accusations, including the one that france was planning to attack the president ial palace in order to free bazoum, were all signs of Destabilisation Attempts by the new regime in niger. So france has 1500 troops in niger as we speak. Its a former colonial power there, so it has been helping to fight insurgency since a decade now. As always, you can get more information on the website, but the very latest lines are that france has tried now to evacuate its citizens after the attack on the embassy. We have of course seen flag burning, french flag burning as well as other countries, within niger but also there is a conjugated relationship with france for the wider sahel region complicated. France is that it will be helping other european nationals to leave the country. The coup was mainly prompted by demonstrations against the former colonial, with the French Embassy coming under attack. Much the former colonial power. This comes, as we mentioned, as the militaryjunta in burkina faso says its going to and mali, they warn that any forcible attempt to support anything against coup leaders will be considered a Declaration Of War against them, so this is a hugely important story for the region. There is also a warning that this could become an issue in terms of islamist military insurgency, because as we well know, the region has suffered problems with Islamist Terrorism in recent years, but that had been pretty much brought under control by the government in settlement before the coup. So thats latest on this story. Theres a lot to unpack you, we will bring you more after this short break, but for now across the road and in the uk, youre watching bbc news. Some stories from across the uk, the price of wines and spirits will rise from today while the cost of weaker drinks will fall after a major shake up to alcohol taxation. Its aim to Supply Alcohol Duties by taxing according to strength. Taxes on draft points wont change, as an additional measure designed to support pubs back taxes on draft pints. The uks Farming Association says criminals have laid siege to the countryside. Nfu mutual says some thieves are using drones and social media to scope out valuable agricultural equipment. It also believes Agricultural Crime is an increasing problem for the industry and causing widespread concern. Nigel farage says a bank has offered to reinstate his personal and business accounts after they were closed. Last month the former ukip leader accused the bank of shutting down his accounts because it did not like his political views. You are watching bbc news. Youre live with bbc news. Lets go back to that story on niger. As i mentioned earlier the coup and subsequent flight of citizens and involvement of france has wider implications for the sahel region. I want to cross live now to a senior sahel and os for the International Crisis group who joins us from dakar in senegal, its good to talk to you, thank you so much for taking the time to talk to us on the bbc. Lets talk about whats happening in niger, what is your assessment of the next few days . Thank you very much. So the next few days we will see how the junta reacted to the sanctions that ecowas has imposed. Some really crippling sanctions that ecowas has imposed on the country, but also sanctions that the country, but also sanctions that the countries that share the same currency have imposed on the country, and also the threat by ecowas to use all means including Military Intervention to restore the president who was ousted in power. So we will see how they will react to that. There is also a question about the colonisation of the country, which those who supported the coup and those who are against it, this is also something that we will watch closely to see how it unfolds in the coming. Days. There is also. Reaction that countries like mali and burkina faso and nigeria, the reaction they had yesterday saying that they backed the coup and they will consider any Military Threat to niger as a Declaration Of War against them, too. So these are the situations we are watching right now. Haifa too. So these are the situations we are watching right now. Are watching right now. How much does ecowas are watching right now. How much does ecowas have are watching right now. How much does ecowas have in are watching right now. How much does ecowas have in terms are watching right now. How much does ecowas have in terms of. Does ecowas have in terms of parallel, given that two of its own members have said they would not support, in fact would actively consider any Military Intervention in niger as an act of war against them, doesnt that mean ecowas is pretty toothless . Trio. Them, doesnt that mean ecowas is pretty toothless . Pretty toothless . No, i dont think we should pretty toothless . No, i dont think we should. We pretty toothless . No, i dont think we should. We can pretty toothless . No, i dont thinkl we should. We can underestimate the resolve of the head of the states in the ecowas regarding this. They have shown strength in terms of taking difficult decisions, as then straight domestically in one country. Ecowas leaders are also worried about the domino effects of the coups in the region if it doesnt stop in niger, three countries are ready, niger is the force, what country will be next . So i think all those leaders are feeling the pressure to try to provide a strong response to this Coup Contagion in the region, and so we shouldnt underestimate their resolve on that. And regarding the reaction by mali and burkina faso, this is an act of solidarity that we saw between countries that are being ruled by a junta that have already gone through a coups over the last few months and years, so it wasnt a surprise at all because if ecowas is to go ahead with an intervention in niger and if it is to succeed, then mali and burkina faso should be very worried about whether they will be next. ~ worried about whether they will be next. ,. , worried about whether they will be next. , ~ ,. , worried about whether they will be next. ,. ,. Next. 0k, thank you very much indeed. Good next. 0k, thank you very much indeed. Good to next. 0k, thank you very much indeed. Good to talk next. 0k, thank you very much indeed. Good to talk to next. 0k, thank you very much indeed. Good to talk to you. I Tens Of Thousands of people have been forced to flee their homes in beijing, as heavy rain and flooding continues to batter northern china. At least 20 people are known to have died as a result of storm doksuri. President xi jinping today called for every effort to rescue those Lost Or Trapped by the rains. From beijing, Steve Mcdonnell sent this report. Methods from the old days of being pulled out to reach people cut off by flash floods. Boats have been the best option for emergency teams, but in places there were not enough of them. Roads have become perilous fast moving rivers, and some have not heeded warnings, trying to drive through Suburban Beijing in clearly dangerous situations. Yesterday, cars were washed away by the dozen. Its not clear how many people died in this way. Rescue workers have been stretched to the limit in a race against rising waters. Zhouzhou in neighbouring Hubei Province has been especially inundated after water was devoted there to take the pressure off the capital. But Still Beijing has had to move more than 120,000 residents to safer areas where supplies have been stockpiled for them. Translation we have prepared water, noodles, bread and hot water to keep people going. The government ordered people here to remain indoors and ordered employers to allow their staff to stay at home. But this city is not used to flooding like this, certainly not like the cities in the south of china. The last couple of days have been very tough. Locals have pitched in to defend their neighbourhoods. When firefighters arrive, they are helping the most vulnerable. And china can also mobilise the Peoples Liberation army at times like this. Helicopters have been crucial. Translation if we can get in and land we will. But if we cant soldiers will rappel down on the ropes and reach those that need help that way. The priority for them now is to reach communities cut off from the outside world, without water and without electricity. Stephen mcdonell, bbc news, beijing. Uk house prices have dropped at their fastest annual pace for 1h years injuly, according to nationwide. Prices fell by nearly 4 in the year to july thats the biggest fall since 2009. Ive been speaking to nationwides senior economist, andrew harvey. He says First Time Buyers are struggling to get on the housing ladder. House prices are now 4. 5 below their peak which was in august last year. In recent months, the real factor behind the weakness in house prices has been the deterioration in affordability, and thats been because Mortgage Rates have been increasing on the back of Market Expectations of the bank rate having increased and this has made it more challenging to afford a home because repayments are higher and also there is a challenge with raising a deposit as well. Lets talk about First Time Buyers, because if you look at this from the viewpoint of a First Time Buyer, good news, prices are falling, and yet Mortgage Rates in the uk are so high at the moment that a lot of them are being squeezed out of the market . Thats right. Unfortunately, the decline in prices is not enough to offset the higher Mortgage Rates. For example, for a typical First Time Buyer with a 20 deposit, for example, Mortgage Repayments are around 43 of take home pay, up from 32 a year ago. Thats a considerable increase and it will take time for those levels to normalise. For First Time Buyers, conditions are particularly challenging at the moment. I think the good news is we have seen in the last week or two some signs that Mortgage Rates will come down a bit but theyre still relatively elevated and thats why activity been subdued recently. What will it take for providers to bring are down quickly . Their rates down quickly . Is it literallyjust linked to what the Bank Of England does or are there other factors they are looking at . Where Market Expectations are for the bank rate that will influence Mortgage Rates, those Market Expectations have moved around a lot in the last few months in response to economic data. Back in may, markets expected the bank rate to peak at 5 and that increased to 6. 5 injuly. They are now expected to peak at 5. 75 and on thursday we will see what the bank decides to do. There are some more positive signs coming through in terms of underlying Price Pressures starting to ease, there is also some signs of slack in the labour market, offering the prospect of moderation ahead. Before i go, i want to show you some dramatic footage of a Plane Crashing into the sea by a busy New Hampshire beachin into the sea by a busy New Hampshire beach in the us. The small plane was left floating nose first in the water after an Emergency Landing caused it to flip tale of a nose by a busy New Hampshire beach. Officials say lifeguards rescued the pilot, who thankfully was unhurt. Witnesses say the single engine plane was towing a banner before it crashed. That he is ok. Glad hes 0k. Hello we are into a new months, but the weather will remain unsettled throughout the week, low pressure dominating. Colourfor throughout the week, low pressure dominating. Colour for the throughout the week, low pressure dominating. Colourfor the time throughout the week, low pressure dominating. Colour for the time of year. July was wet up and down the country, many places seeing double the normal mode of weather, some areas even so three times the amount of rainfall, all because of low pressure. That suggested thes area of low pressure, this is tomorrows. We are in between Weather Systems for today is not a bad afternoon, we will see some sunshine around. Quite a bit of cloud across scotland, northern england, northern ireland, some spots of rain, the old shower elsewhere. Otherwise, mostly dry and with lighter winds for many, we should be up to around 22. But it goes downhill quickly across the south west, this next area of low pressure hurtles in this evening and overnight, bringing strengthening winds across the south and west and outbreaks of rain which will continue to push north and outbreaks of rain which will continue to push north eastwards, to most areas, thats away from the north of scotland. For many a mild and muggy night as well. Wednesdays picture looks pretty autumnal, with this deep low spreading across the country. Widespread gales across the channel and southern england there. 50, 60 mph gusts. At lighter winds in the centre of the system so as we move through the afternoon, light winds here, sunshine appears, could set off some heavy showers and thunderstorms, may be slow moving because the winds will be like in the centre of the low. Could be up to 20, 22 in the warmest spots, otherwise for most, the high teens. The area of low pressure pulls away into the new continent vessel for thursday we are in for a run of north, north westerly winds. Could start off with pout across the northern half of the country, a few showers in the south, but a day of sunshine and showers, feeling cool in the brisk north westerly winds, certainly around northern and western coasts. In the sunshine, not too bad but we will see most of the showers across Western Areas and some of them could turn out to be heavy and thundery. Disappointing temperatures for early august, generally, the mid to high teens. Another day of sunshine and showers on friday, the heavy showers will be towards East Of England and another area of low pressure arrives in time the weekend. Uk house prices fall at their fastest pace in ia years as rising Mortgage Rates begin to bite. And a long awaited milestone for uber as the ride hailing firm posts its first ever profit. Welcome to World Business report. Rising Interest Rates and lofty inflation is hitting house prices in the uk. According to the nationwide building society, prices dropped by 3. 8 injuly the fastest annual pace in ia years, and the biggest Decline Sincejuly 2009. Nationwide also said Mortgage Costs hit the highest level for 15 years last month, as lenders grappled with inflation and uncertainty over rates set by the Bank Of England. A typical two year fixed Mortgage Rate is now 6. 85 . The average price of a home in the uk is £260,828. That is down from a Peak In August Last year. Affordability is a challenge for some buyers but should be welcomed by many First Time Buyers who had previously struggled to get into the market. Lets cross live now to andy russell, whos the ceo of wealthify, a uk based Consumer Investment platform. Thanks bro

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