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
Favour over the past month. Weve seen sterling rise that will help temper the Price Pressures from imports. Weve also seen other pressures in the markets where theyve been raising some questions about the Bank Of Englands credibility, as in Mortgage Rates going up without decisions being made that has all calmed down, too. And the public s expectations of where inflation is going, which were really very high, have now begun to temper. So thats also going in the banks favour. But a crucial issue is that they have raised rates by 5 the impact of that has really taken some time to filter through into the economy, there is sort of turning the type of rate rises on. Turning the tap. We are beginning to see the impact of that now weve seen in the Housing Market, weve seen it in some corporate insolvencies too. So that all leads back to this Balancing Act between crushing inflation, but avoiding a downturn its a tight rope and we are probably approaching the most narrow, trickiest part of tha
Its monday the 24th ofjuly. Welcome to bbc Newsroom Live. The parents of Charlie Gard Return to the High Court Today, with the judge set to consider new evidence from a us neurologist. His parents want to take their terminally ill baby to america for experimental treatment, but doctors at great 0rmond Street Hospital believe it wont work, and say the ii month old should be allowed to die with dignity. We can speak to our news correspondent, helena lee, whos outside the high court. What are we expecting . The case is expected to begin at 2pm this afternoon, in what has become an incredibly complex and emotive case. The peasants will come back to court, but we expect is the judge in this case to examine all the new evidence that has been given over the past week or so. We know that the past week or so. We know that the american neurologist who flew over from the american neurologist who flew Overfrom America met the american neurologist who flew over from america met with great 0rmond St