welcome to the programme. the bank of england has warned the uk is facing its longest recession since records began, as it raised interest rates, by the biggest rise in 30 years. the 0.75 percentage point rise the eighth consecutive hike takes uk rates to from 2.25 per cent to 3 percent, meaning higher mortgage bills for many homeowners. the bank of england s move matches the us central bank s rate hike on wednesday, taking us rates to 3.75 to 4.0%. here s the bank of england governor. 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 struggling with higher energy and food prices and other bills? we are increasing bank rate because inflation is too high. it is the bank s job to bring it down. a rise in interest rates can have an influence on things like credit card repayments and mortgages but also the interest paid on your savings. but the governor says this is the only way to r
conclusion that all this will require a significant monetary policy response. require a significant monetary policy response. we ll have the latest on the uncertainty, and on the government s remaining options. also on the programme. north and south in a day, the new prince and princess of wales make their first official visit, while talk of an investiture is being downplayed. and how nasa has tested its ability, to deflect an asteroid speeding towards earth at 12,000 miles an hour. and coming up on the bbc news channel. scotland round off their nations league campaign in poland tonight. avoid defeat against ukraine gives them promotion, as well as a play off spot for euro 202a. good evening. the united kingdom needs a fresh start , and a way out of the endless cycle of crisis , caused by the conservatives, that s the message from sir keir starmer, the labour leader. in a speech to the labour conference, he was scathing in his criticism of the government s handling of the e
the economy with its new plan to cut tax and increase borrowing. don t forget, don t forgive. the only way to stop this is with a labour government. applause and nasa has deliberately flown a space craft into an asteroid to push it off course in the first test of a planetary defence system. voting has ended in widely discredited referendums organised by russia in four occupied regions in ukraine. as expected, russia is claiming that an overwhelming majority of residents are in favour ofjoining russia, but not all the votes have yet been counted. ukraine and the west have condemned the five day vote as a sham and an attempted land grab by moscow. russia s president claims hejust wants to help people living there. nearly four million people from the eastern regions of donetsk and luhansk and the southern regions of kherson and zaporizhzhia were to attend polling stations and vote. the areas in question represent 15% of ukraine s territory roughly the size of portugal. b