the pound has stabilised today after hitting a record low yesterday. we ll be explaining the impact of what s going on in the markets. also this lunchtime. sir keir starmer will promise a fresh start for the uk in his keynote speech to the labour party conference today. the prince and princess of wales make their first visit to the nation since they were given the titles. and nasa smashes a spacecraft into an asteroid to test whether they can be deflected away from earth. and coming up on the bbc news channel: scotland are in poland seeking nations league promotion. avoid defeat tonight against ukraine and they ll also be assured of a play off spot for euro 202a. good afternoon and welcome to the bbc news at one. many banks and building societies are reviewing their mortage deals because of forecasts of a sharp rise in interest rates. the bank of ireland has withdrawn all mortgages. virgin money and skipton building society have closed offers for new customers, but will consi
interest rates have gone up by three quarters of a percentage point, the biggest increase for more than 30 years. it pushes the base rate up to 3%, as the bank of england tries to control inflation. it s the eighth rise in a row, meaning higher mortgage bills for many homeowners. meanwhile the bank has also warned the uk could be on course for its longest recession since reliable records began, over a century ago. our economics correspondent, andy verity, reports. it is the biggest interest rate rise in a third of a century. the cost of living has been rising at its fastest rate for a0 years for global reasons but the bank of england is trying to prevent runaway inflation from becoming embedded in the domestic economy. these are big changes, they have a real impact on people s lives, so why are we doing it? and why are we doing it now when so many people are already struggling with higher energy and food prices and other bills? quite simply we are increasing the bank rate bec
we ll bring you analysis throughout the day on bbc news and if you want to send in your questions or thoughts on the mini budget get in touch i m @bbcjoannag on twitter or use the hashtag bbc your questions. and i m lukwesa burak the other stories on bbc news. the victims commissioner for england and wales dame vera baird resigns, describing the criminaljustice system as being in chaos. a 15 year old boy has become the second person to be arrested in connection with the murder of a 15 year old boy who was stabbed outside his school in huddersfield. and author dame hilary mantel, best known for her wolf hall trilogy, has died aged 70. hello, i mjoanna gosling in westminster, in a massive shake up of the uk s finances, the chancellor kwasi kwarteng has outlined a series of tax cuts and spending commitments that will cost £45 billion by 2027. the government says its policies will help boost economic growth. but critics say funding the tax cuts will lead to unsustai
7,000 extra hospital beds this winter including in pop up sites the nhs in england unveils its plans to cope with expected pressures. and the shortlist is announced for hosting next year s eurovision song contest seven uk cities are in the running. good afternoon and welcome to the bbc news channel. a drought has been declared across more than half of england, after the driestjuly on record in some areas of the country. it means water companies can impose stricter measures over how we use water at home and at work. a drought is defined by a lack of water due to extreme weather that has been built up over time. the four stages are normal, prolonged dry weather, drought and severe drought. eight areas have been moved to the third stage, including devon and cornwall, solent and south downs, kent and south london, herts and north london. as well as east anglia, thames, lincolnshire and northamptonshire, east midlands. in the wake of low rainfall and high temperatures, water c