From 5 to 5. 25 . And for the first time, its suggested that rates will stay higher for longer in an attempt to drive down stubborn inflation the rising cost of goods and services by reducing the amount of money we have to spend. Although todays increase means Borrowing Costs are at their highest level since 2008, it follows an era of unprecedented low rates. In previous decades, rates were much higher we can see here that in the 1980s rates got up to 18 before gradually falling. The bank today cut its forecast for economic growth, though it said the uk will avoid a recession. In a moment, well hearfrom savers, as well as families trying to cope with increasing costs, but first, heres our Chief Economics correspondent dharshini david. From cafe says customers may resist rate as higher mortgage and rent payments bite, to Estate Agents grappling with a sagging housing market, the hit from Interest Rates is clear. But for a very small minority, that impact is Life Changing. Minority, that impact is Life Changing minority, that impact is life chanauin. G. , changing. My home, my castle. Steves monthly changing. My home, my castle. Steves monthly mortgage changing. My home, my castle. Steves monthly Mortgage Repayments have tripled. Add in a change of personal circumstances and his home is due to be repossessed. Essen; is due to be repossessed. Every sinale is due to be repossessed. Every single day. Is due to be repossessed. Every single day, waiting is due to be repossessed. Every single day, waiting for is due to be repossessed. Every single day, waiting for a is due to be repossessed. Every single day, waiting for a letter, | single day, waiting for a letter, waiting for the arrears to go up, waiting for the arrears to go up, waiting for the Mortgage Company to get a Repossession Letter in the post. It has been six months which have been quite cruel, really. Cases of repossessions have been quite cruel, really. Cases of repossessions are have been quite cruel, really. Cases of repossessions are very have been quite cruel, really. Cases of repossessions are very low have been quite cruel, really. Cases of repossessions are very low and with banks offering more help now, they seem set to remain a fraction of what they were 30 years ago. But borrowers are in the front line. So, whats driving another rate rise . Well, inflation has been stubbornly high, and these hikes are aimed at bringing it back down. This is what the Bank Of England thinks will happen to inflation as a result, although there is considerable uncertainty. It aims to curb spending and price rises by deliberately squeezing our budgets. Heres how. Repayments on a two year fixed Rate Mortgage that two years ago cost £816, will today cost £1394 per month £549 more than it did in 2021. But the way we borrow has also changed. Take ten typical mortgaged homes. Now, 20 years ago, eight in ten homeowners were on variable or tracker rates, changing immediately alongside the banks rates. Now they account for just two out of ten, with most mortgages on fixed rates. But as fixed rates are renewed, about half have already been hit by much higher rates, and that will rise to eight out of ten by the end of 202a. That time lagmakes it harder to predict how rates will ultimately affect spending. But the nations annual Mortgage Bill is likely to have risen by £10 billion by next year compared to 2021. Is the bank at risk of squeezing us too hard . At this cafe, just the idea of a rate rise dampens the mood. We do notice that. Rate rise dampens the mood. We do notice that, when rate rise dampens the mood. We do notice that, when there rate rise dampens the mood. We do notice that, when there is rate rise dampens the mood. We do notice that, when there is a rate rise dampens the mood. We do notice that, when there is a rate notice that, when there is a rate rise, everyone gets a bitjittery evenif rise, everyone gets a bitjittery even if they are not directly affected by it. Even if they are not directly affected by it. Even if they are not directly affectedb it. � ~ ,. , affected by it. But the bank is not inclined to cut affected by it. But the bank is not inclined to cut rates affected by it. But the bank is not inclined to cut rates until affected by it. But the bank is not inclined to cut rates until it affected by it. But the bank is not inclined to cut rates until it is inclined to cut rates until it is confident price and wage growth is falling more sharply. If confident price and wage growth is falling more sharply. Falling more sharply. If you asked the question. Falling more sharply. If you asked the question, when falling more sharply. If you asked the question, when our falling more sharply. If you asked the question, when our rates falling more sharply. If you asked the question, when our rates are | the question, when our rates are going the question, when our rates are going to the question, when our rates are going to come down, my answer to that question is, i think we are going that question is, i think we are going to that question is, i think we are going to need much more solid evidence going to need much more solid evidence that inflation is going to come evidence that inflation is going to come down. What i mean by solid is that people come down. What i mean by solid is that people can rely on it. The chancellor that people can rely on it. The chancellor and that people can rely on it. The chancellor and his that people can rely on it. Tue chancellor and his labour counterpart know it is not easy. The lan counterpart know it is not easy. The [an is counterpart know it is not easy. Tie plan is working but what we have to do is a government is make sure we stick to the plan and we dont veer around like a shopping trolley, we stick to the plan so the families and businesses can start to feel the benefits of the plan actually working. Benefits of the plan actually workinu. ~. ,. ,. Working. We need to force the banks and lenders working. We need to force the banks and lenders to working. We need to force the banks and lenders to give working. We need to force the banks and lenders to give support working. We need to force the banks and lenders to give support to and lenders to give support to customers that they need. Look, Nobody Customers that they need. Look, nobody wants to extend the term of their mortgage or go to interest only their mortgage or go to interest onl. , their mortgage or go to interest onl. ,. ,. ,. , only. For borrowers, the ultralow Interest Rates only. For borrowers, the ultralow Interest Rates of only. For borrowers, the ultralow Interest Rates ofjust only. For borrowers, the ultralow Interest Rates ofjust a only. For borrowers, the ultralow Interest Rates ofjust a few only. For borrowers, the ultralow Interest Rates ofjust a few years | Interest Rates of just a few years ago are not returning soon. The Bank Agh Knowledges that may mean our economy fails to grow much for a while. The bank acknowledges. Some fear it is risking a recession. It is a gamble and the risks are high. So what does todays rise in Interest Rates mean for savers . 0ur Cost Of Living correspondent Colletta Smith has been to a Community Centre in 0ldham, meeting people who are likely to benefit. At 5. 25 . Yes Interest Rates are up and theres plenty of people who are delighted. Theres far more savers in the country than there are mortgage payers. We have reaction from jeremy hunt. Hes got one joh ian lives off his pension but after squirrelling away money his whole working life, he has got a small savings pot tucked away. What impact are those rising rates having for you . Thank you you are rejoicing, then, today . As a saver, for the last ten years, i have had 0. 1 on my savings, literally nothing. It doesnt pay your bus fare. Interest rates going up, for me, is Manna From Heaven and it is about time. If you are looking to make the most of your savings at the moment, then do take a look at the bbc news website tackling it together pages. Theres lots of useful information and advice. Youre unlikely to get the best deals from the big high street names at the moment, so look around at the Smaller Banks and building societies, often offering much more in interest, particularly if you can lock away your money for a fixed period of time. But across the pennines in north yorkshire, scott and sarah are not feeling any of the benefits of those higher Interest Rates. We are obviously living closer to the threshold than we ever have done before because of the price of things. As parents of two small boys, they both work full time, building up savings to fall back on, but that all changed in january. We had a gas leak, so we had to get a new hob for our kitchen. And then a couple of weeks later, leaky washing machine, had to get a new washing machine. And then a couple of weeks later, car breaks down, so that Security Blanket is completely gone. You havent got any savings there any more . No, no savings. Its taking a little bit longer to build up than it has done in the past. And that is where we have noticed the difference, you know, the savings are not going up as quick. And that is being noticed by the Bank Of England, too. Their figures show that people have been taking more out of instant access savings almost every month this year, dipping into the pot more often to keep finances on track. What did you get done at school today . With less left to save at the end of each month, it is a big frustration for sarah. We earn above minimum wage but we dont have enough to save and reap what they are introducing with the savings Interest Rates. Come on, boys, back this way, please while lots are getting more for their savings, theres plenty who feel like they are getting left behind. Colletta smith, bbc news, in leyburn. 0ur Economics Editor faisal islam is here. So weve had more than 18 months of rate rises. Are we nearing the end . I think the deed matters today, rising rates for the 14th consecutive time, to a 15 year high but the words matter to from the Bank Of England. They have indicated a couple of things. They seem to be saying that rates are going to stay higher for longer. Saying that rates are going to stay higherfor longer. We have been used, for 15 years after the financial crisis, also after the pandemic, to have rates near 0 and now at around 5 , perhaps the old normal has come back. They are also keen to communicate to people that the medicine, the tough rate rise medicine does appear to be having an impact in terms of draining Inflationary Pressure away from the system. You put that altogether and you a picture of rates may not have further to go up now, maybe another rise in september but they may stay about this level, above 5 , longer than people expect. Than people expect. Thank you for now. Thousands ofjobs are at risk after the high street Retailer Wilko announced it is facing collapse. The homeware store said its been experiencing mounting cash pressures. Our Business Correspondent emma simpson is at a store in west london. How has it come to this . It is a Discount Chain on the brink of collapse, just at a time when people really want bargains. Good question. This is a family really want bargains. Good question. This is a family owned really want bargains. Good question. This is a family owned business, really want bargains. Good question. This is a family owned business, it i this is a family owned business, it started with a single Hardware Store in 1930. It now has some 400 shops and 12,000 workers. But some of its problems are self inflicted. Last year, it was struggling to get stock, leading to empty shelves. Some of its shops are now in the wrong place, as high streets have changed and that has hit footfall. And there is much more competition these days at the value end of retail, including the likes of b and m and the range and like other retailers, its costs have gone up and importantly, it was having to pay some suppliers upfront for the stock and that hit all important cash flow. It has now filed a notice to appoint administrators, a move which gives it some Breathing Space to try to work out a rescue deal for a chain that an awful lot of people have affection for. It has got a significant amount of interest, it says but it must be worrying for workers. ~ says but it must be worrying for workers. ,. ,. , says but it must be worrying for workers. , i. , workers. Thank you, emma simpson, there. Questions have been raised about security, after greenpeace activists managed to scale the Prime Ministers house in his yorkshire constituency. They hung black fabric from the roof in protest at government plans to issue new licences for oil and Gas Exploration in the north sea. Rishi sunak and his family are abroad on holiday and police said no protesters had entered the property. Five people were later arrested. Fiona trott reports. Walking onto what should be one of the most protected properties in britain. Wearing harnesses and hard hats, the protesters then climbed onto the roof. The bbc doesnt normally use footage from campaign groups, but we are showing you this to explain why there is so much concern about what happened at the Prime Ministers family home. I think the home of the Prime Minister should be secure. I think everyone would accept that. We know the risks and dangers. Im not saying that these protesters had in mind violent intent, but that doesnt matter. What does matter is this somehow, before eight oclock this morning, protesters were able to get onto the property, and the footage weve seen gives you the impression that it was calm and effortless. The deputy Prime Minister, 0liver dowden, has said that he thought british people were sick of what he called stupid stu nts. Stunt or no stunt, security here was seriously compromised. This is embarrassing to see, and if we had seen any other Head Of State or Prime Minister, their personal home in their own personal constituency being targeted like this, we would be also shocked. Three men and two women remain in custody as detectives continue to investigate why the Prime Ministers home, a family home, was not safe and secure. Fiona trott, bbc news, north yorkshire. In the next few hours, donald trump is due to appear in court accused of conspiring to overturn the result of the 2020 us election while he was still president. Hes expected to deny all the charges. Security has been tightened at the courthouse, as his appearance is expected to draw large crowds. As well as the criminal charges he faces today, donald trump is also facing allegations of mishandling secret documents, and covering up a payment to a porn star shortly before the 2016 election. 0ur North America editor sarah smith reports from washington. The us capitol building, scene of the january 6th riots, the culmination of Donald Trumps attempt to overturn the 2020 election results. It practically overlooks the courthouse where he will be charged with what prosecutors say was a conspiracy that led to that violent event. The media are growing accustomed to covering the former president s Court Appearances, but this case is by far the most significant. We are going to walk down to the capitol donald trump is accused of nothing less than trying to subvert american democracy itself, behaving like a tinpot dictator whilst president of the united states. Today, mr trump will be charged with. Yet donald trump has made all the charges against him a major plank of his campaign claiming hes only being prosecuted because the establishment is scared he will be re elected president. Each time he gets indicted, his poll numbers among Republican Voters go up. All of these legal challenges appear to help him with his base voters but then hurt him generally. So the question is, what do you do if you are in his shoes in terms of all of these potential trials . Trump posted on social media today. I need one more indictment to ensure my election. Democrats are hoping the race for the white house next year will bejoe biden versus donald trump, believing he is a curse from which the Republican Party cannot free themselves. The question before them is are they going to walk away from the president . They cant win with him and they cant seem to walk away from the Maga Movement, and that is a challenge before them now. They are hyper focused on protecting and defending donald trump at the expense of the American People and their interests. The Maga Movement make America Great again have braved what they call the swamp, washington, to show their support. In 2016, trump force one, donalds plane, dramatically set off for washington when he was first elected president. Who wouldve thought that hed be returning to Face Criminal Charges . Just a few minutes ago which saw donald trump leaving in his Summer Residence at his golf course at bedminster in newjersey. I do apologise, we have lost sarah smith there in washington as she awaits that Court Appearance but donald trump theyre leaping ahead of that Court Appearance later today. The time is 6. 16. Our top story this evening. Interest rates hit a 15 year high businesses say the increase creates uncertainty for them and their customers. Still to come the threat to Seagrass Meadows around our coast, because of Water Pollution and warmer weather. Coming up on bbc news. England are full of confidence at the Netball World Cup after a stunning win over top side australia in the group stages. England will play new zealand in the semi finals. These were some of the heartbreaking scenes of the early days of the war in ukraine people trying to escape their homeland by train, from the western city of lviv. According to estimates by the un refugee agency, 6. 2 Million People have fled the country since then, and more than five million are still displaced inside it meaning more than a quarter of ukraines population has been forced to leave their homes. Our special correspondent fergal keane witnessed these desperate scenes at lviv Railway Station last year, and has followed one family who fled then. 0n the line that once carried them to exile, a family is homeward bound. 0ksana 0nyschuk and her children, anna and ilya, are refugees. Its been 18 months since this. This is hard to credit, to believe in the europe of 2022, people are just crushing all around me, trying to get on to these trains. Many thousands fled ukraine through lviv Railway Station. Like 0ksana, her husband, jenia, and their children. This photo taken just weeks before the war. The moment of their separation. Men of fighting age couldnt leave the country. Jenia went home to this. Explosion. The city of kharkiv, under russian siege. A year after saying goodbye to his family, jenia was eking out an existence with food aid. His job as a Massage Therapist vanished with the war. Inside. Memories of the old life. On the other side of europe, 1500 miles away, the distance between war and peace. If present, simple, present, simple. If you leave the object, it drops. 0ksana and the children found refuge in surrey. If, to describe a possible situation. An english speaker, shes teaching the children of ukrainian refugees. I became strong, i think. Yeah, i faced some difficulties. I must be a mother, a father, a teacher. Among the pupils, herson, ilya. I miss ukraine so much. I miss for my dad. And i feel sad right now because he is not next to me. But as winter passes into spring, and then to summer, a plan is being made. 18 months after fleeing the war, theyre returning for a holiday in a safe place away from the front line. Can you sleep at night now that youre. No, im so excited. What do you think its going to be like when you get there . Very sunny and happy. Back on home soil at last. Ukrainian flag. Were in ukraine. 0h youre home. Lovely. Then on towards the east on this last long night. Ive never had such an exciting emotions and feelings like i have now. Every hour we are closer and closer to him. Never was a morning so happy. For a moment, everybody beyond words. One familys answer to the cruelty of war. Fergal keane, bbc news, ukraine. The american Pop Star Lizzo has said allegations made by three of herformer dancers, including of Sexual Harassment and creating a hostile work environment, are false. The singer called the last few days � gut wrenchingly difficult and overwhelmingly disappointing. Our entertainment correspondent Colin Paterson is here. This is the first time weve heard from lizzo since the allegations were made public . Thats right. She put this statement on social media 36 hours after the original allegations. On social media 36 hours after the originalallegations. She on social media 36 hours after the original allegations. She called them false, unbelievable and too outrageous to not be addressed, saying she would never criticise or fire an employee over the weight and that she is not the villain she is being betrayed to be by people in the media of the last few days. I managed to speak to the three dancers who brought the law case and got their reaction to the statement. Here is Arianna Davis on whether or not she considers lizzo to be a villain. She is less of a villain and more of an anti hero to me. And what that means to me is that a villain is someone with no redeemable qualities. They are bad and they are just bad and evil and terrible. But an anti hero is someone who does bad things but has redeemable qualities. Do i think lizzo can take this and change and be who she says she is . Yes, absolutely. They also told me those three dancers had taken it to court was the last resort and they try to speak to her a number of times before doing so. We have asked lizzo for an interview. She is yet to respond. Theres a warning that Seagrass Meadows around britains coast are being suffocated because of Water Pollution and warmer weather. Scientists say the underwater plant, which absorbs co2 and shelters marine life, becomes stressed in warmer waters. So a large Restoration Project is taking place in north wales, where a million seeds will be harvested in order to sow and restore meadows. Our wales correspondent Hywel Griffith reports. Under the shimmering shallows, sea grass grows close to our coastline. But over the last century, up to 92 of these meadows around the uk have disappeared. Here on the mudflats of the river severn you will find it in the channels. Seagrass forms like a filter. And those channels run absolutely crystal clear. But it is feared polluted water, coupled with the recent marine heatwave, is stifling the plant. When you have got poor Water Quality that means they are not able to harvest as much light from the sun and therefore they are really struggling. If you think about someone who is ill and you put them in a really hot environment, they are going to struggle a lot more than a healthy individual and thats the case with seagrass. Efforts to save the plant stretch back a decade. The project here on the llyn in north wales is the uks largest. Healthy meadows like this have a role in slowing climate change. In some ways, seagrass is the original underwater Carbon Storage technology, capturing it from the water and pulling it down into the roots and the sediment. Although it only covers 0. 1 of the sea bed, it accounts for up to 18 of the oceans Carbon Storage. Seagrass also offers a shelter for sea life, something which benefits humans too. It attracts a lot of marine biodiversity. Its really important for commercially important species, so if you are thinking like you like your fish and chips, cod is going to spend part of its life in a seagrass meadow. And as we are losing our Seagrass Meadows, we are losing that biodiversity, we are losing that cod. By harvesting a million seeds from here this month, the team plan to plant new Seagrass Meadows along this coast in a race for restoration. Hywel griffith, bbc news, penychain. Theres been another shock at the womens football world cup with two time winners germany being knocked out in the group stage. Germany drew 1 1 with south korea in their final group match, which means columbia and morocco progress at their expense. Brazil were knocked out yesterday. England have already reached the final 16 their next match is against nigeria on monday. Can Football Star Tom Brady has bought a Minority Stake in Birmingham City football club. The 46 year old who retired from the nfl in january 46 year old who retired from the Nfl Injanuary will 46 year old who retired from the nfl in january will be the 46 year old who retired from the Nfl Injanuary will be the chair of a new Advisory Board at the championship side. Hejoins new Advisory Board at the championship side. He joins a new Advisory Board at the championship side. Hejoins a number of us players who have made minority investments in english teams in recent months. A remarkable collection of items belonging to the musician Freddie Mercury are about to go on public display. Handwritten song lyrics, costumes, and a Moustache Comb are amongst the possessions which can be seen from tomorrow in london, before being auctioned next month. Our arts correspondent David Sillito has been to see them. Sotheby� s has acquired a moustache, in honour of Freddie Mercury. It is room after room of freddies life and possessions. Freddies piano. Freddies costumes. Its a snug fit, isnt it . Yes. Freddie was very slim. Freddies kitchen. Freddies record collection. Even freddies tiffany Moustache Comb. And for fans of Bohemian Rhapsody, the original lyric sheet with what appears to be crossed out the original title. There is a cancelled earlier title, where he had written Mongolian Rhapsody. So Bohemian Rhapsody was originally Mongolian Rhapsody . So it seems, yeah. And even for those who knew him well, there are surprises such as the log of every dinner party. Oh, wow. Good heavens. So you were having cold tomato soup, lamb in puff pastry. Songwriter tim rice now knows what he had for Dinner Injune 1987. And a red volnay. There are more than 30,000 items. They are expecting quite a few visitors. David sillito, bbc news, sotheby� s. Remarkable. Finally, people have been spotting a lot more of these across the uk the red admiral butterfly. There were about 150,000 more sightings recorded in the last fortnight compared to the same period last year, as part of a project run by the charity butterfly conservation. It says Global Warming is causing the red admiral to stay here during the winter, instead of flying south to find warmer temperatures. Time for a look at the weather. Heres louise lear. Hi,jane. Hi, jane. Good afternoon or good evening, everybody. This is what you need for mother nature, a beautiful blanket of wild flowers to attract the birds and the bees on the butterflies. This is what we had in Northern Ireland on the causeway coast. It has been the wettestjuly on record in Northern Ireland but every cloud has a Silver Lining because we have lots of flowers in bloom at the moment. As we move through tomorrow it looks likely that we will be able to enjoy it as well. A quieter story, between weather systems. The northerly wind driving in a few scattered showers and making it feel a little bit cooler than it should be for this time of year. Most showers to the east of the pennines as we go through the day. Best of the sunshine out of the west and a few isolated showers into scotland and Northern Ireland as well. But on the whole those temperatures, they will be a little bit disappointed im afraid for this point that much time of year. 16 to 20 degrees because the Wind Direction is coming from the Wind Direction is coming from the north but when you see what is in store for the weekend, the fourth consecutive weekend where we have low pressure moving in off the atlantic. More wet and windy weather moving across england and wales from Northern Ireland. In the early hours of saturday it will drift steadily eastwards. Not as bad in scotland, a few scattered showers here but through the morning and the low goes further east we will have gusts of wind 50 to 60 miles an hour. That is not very nice im afraid if you are camping at this time of year. And with the cloud and the rain and the winds around it is going to feel rather cool as well, 14 to 17 degrees at the very best. Sunday, a bit better,