here s where the bank s base rate stands at the moment at 5.25% it is the highest in 15 years. the bank has raised the cost of borrowing fourteen times to try and tame soaring prices but inflation has eased sharply in recent months and the expectation now is that rates may soon start to come down. however, for those in the uk hoping for cheaper mortgages and loans there was something of a bad omen in the us, where the chair of the federal reserve seemed to dash expectations of a rate cut next month. as michelle fleury reports. the fourth meeting in a row, the federal reserve did not raise interest rates. this is the longest pause since policymakers began their aggressive rate campaign to tame inflation back in march of 2022. but for rate weary americans, well, they will likely have to wait a few more months to see any relief, given these comments by the federal chair. based on the meeting today, i would tell you that i don t think it s likely that the committee will reach a
to the left, 2076. the ayes have it. the eyes to the left, 2076. the ayes have it. the ayes have it. a mark. unlock. a comfortable the ayes have it. a mark. unlock. a comfortable majority for the prime minister. let us go to the deputy political editor who was in the house of commons and following of commons and following all the developments for us. the premise will be relieved developments for us. the premise will be relieved after developments for us. the premise will be relieved after all developments for us. the premise will be relieved after all the - will be relieved after all the wrangling, it is past in it is in the final stage more than 48 able to break down the see conservative mps in the end and there is 60 conservative rebels were trying to tighten up the bill and make changes and international court and floods on the ground and stubbed up going to rwanda in the field and all of those it s been decided that the third reading, that they would back
parties which happened during lockdown. 0ne parties which happened during lockdown. one of his most prominent supporters though, jacob rees mogg, has been talking and there was an interesting back and forth between him and harriet harman, the chair of the privileges select committee, and this is when mr rees mogg brought up some critical comments that she had made on borisjohnson s remarks ahead of taking over, let s take a listen. i ahead of taking over, let s take a listen. ., , , listen. i wonder if she could say something listen. i wonder if she could say something of listen. i wonder if she could say something of her listen. i wonder if she could say something of her own listen. i wonder if she could say something of her own position i listen. i wonder if she could say| something of her own position in relation to the precedent set by the judicial committee of the house of lords when a decision on which lord hoffman was involved, was set aside not because he was
as he claimed on a number of occasions that the number on payrolls was higher than before the pandemic. but that was because a lot of the self employed people gave up self employment during the pandemic or afterwards and became employees on payrolls instead. the letter from the director general having had no impact, the chair of the uk statistics authority, that then chair wrote to the prime minister on the 24th of february 2022. dear prime minister, he wrote. it is wrong to claim that there are no more people and work than before the pandemic began. the increase in the number of people who are on payrolls is more than offset by the reduction in the number of people who are self employed. so at the liaison committee in march, i asked the prime minister whether he accepted that correction in sir david s letter. his reply wasn t straightforward, but the transcript of that meeting does show that mr johnson understood fully and clearly what had happened in the labour market. he d
the government cut to national insurance takes effect tomorrow but what is it, who benefits and how much will it really impact the amount we pay in tax?- much will it really impact the amount we pay in tax? good morning, the manic amount we pay in tax? good morning, the magic is amount we pay in tax? good morning, the magic is missing amount we pay in tax? good morning, the magic is missing in amount we pay in tax? good morning, the magic is missing in the amount we pay in tax? good morning, the magic is missing in the fa - amount we pay in tax? good morning, the magic is missing in the fa cup - the magic is missing in the fa cup as the third round gets under way and is dominated by a controversial red card, dominic calvert lewin. his boss says he is really losing patience with var. it s friday the 5th of january. flood warnings remain in parts of england and wales as hundreds of people have been forced to leave their homes due to heavy rainfall. areas in southern and