Rates have gone up again, for the 14th time in a row. The Bank Of England has put up its main rate from 5 to 5. 25 . That will mean higher mortgages for some people, but its also good news for savers. The Bank Of England is using Interest Rate rises to fight inflation, which has slowed recently, but which is still nearly 8 . Our economics correspondent andy verity reports the father of two, peter, keeping up the payments for his familys mortgages looking like anything but childs play. They bought their home under the governments help to buy scheme, but since then Interest Rates have risen 1a times. When his fixed rate deal expires early next year, the payments willjump. Somehow we are supposed to spend less and find an extra £750 per month to pay for that. For many families it is a terrifying situation, but if you have a young family like ourselves, who have been swayed into the Housing Market by government who has advertised help to buy as an affordable scheme, right, when things bec
Spending was bipartisan. The big difference, of course is inflation, the shock to the world economy. Real wage growth was slow or stagnant for most American Workers from 2017 to 2019. Average Hourly Earnings rose 14. 8 during biden s first three years in office, but it doesnt cover the cost of the weekly inflated shop. And that perhaps is what colours people view of how the economy has been handled. 0ur panel, leslie vinjamuri, Brian Stelter and joe walsh. That is the challenge, we have set it out, lots of other things, housing, jobs, creation, wage growth, lots of areas that you can look at, but broadly speaking, his handling of the economy has been pretty good. Handling of the economy has been pretty good pretty good. Christian, such great stuff, and when pretty good. Christian, such great stuff, and when you pretty good. Christian, such great stuff, and when you look pretty good. Christian, such great stuff, and when you look at pretty good. Christian, such great stuff, and when you
Today, in a unanimous decision, the justices ruled that its not up to states to bar trump from their ballots under the 14th Amendment, so he gets to stay on the ballot in colorado, where the primary is tomorrow, maine, and illinois. They cant kick him off either. This decision is significant because the Supreme Court has never had to rule before on whether or not states have the power to disqualify a candidate, even an insurrectionist. This outcome is not necessarily surprising. The moment most legal experts heard the Oral Arguments and, specifically the back and forth with the justices, most of them predicted the court wouldnt take the step of barring the republican front runner from the ballot, that they would find a way out, and they did. Now, would a different outcome have sent a stronger message that you cannot foment an insurrection and be allowed to run for federal office . Yes, it would have. Would it be better for the prospects of president bidens reelection if donald trump go
Growing at a slower rate for the past two months, but inflation remains at nearly 8 , four times higher than the official target. Hannah miller has this report. For father of two peter, sorting out the Family Finances is proving hard. He and his wife bought their first home using the help to buy scheme. But when their mortgage comes up for renewal early next year, theyll have to find an extra £750 a month in repayments. Somehow were supposed to spend less and find £750 extra a month to pay for that. So, you know, for many families, its a terrifying situation. If you have young families like ourselves who have been swayed into the Housing Market by government, whose advertised help to buy as an affordable scheme, right, when things become unaffordable, you cant simply turn around and say, thats your problem. A rise of 0. 25 Percentage Points would take the Bank Of Englands base rate to 5. 25 , the highest since april 2008. For someone with an average Tracker Mortgage of £200,000, tha
To, them because they have such Good Chemistry and stuff, why dont you go sit with them, and im like, yeah thats great, if it, acadia call you. [laughter] ali. Need to blame a r]johnson The Republicans in nethe house, because were still in d. C. Because we didnt know government shutdown. That situation. Thats how were gonna do this. When you all are in new york, you noticing . I get up early for this. I want to be on the show with you guys. Good to tsee you. Have yourself gua good day, and well see you tomorrow morning. Velshi starts now. By, ali. Good morning. A saturday, march the 2nd. Amal youll see in another universe, i would be telling you right now about how we are just two days away from the start of the Momentous First Criminal Trial against a former president. Instead, that trial seems like it t. May not happen this year, and if the former president returns ifto the white house, i may not happen at. All major new Developments Thise Week Have Cast Out On whether well see trial