Higher savings for some. In the last half an hour, weve had this reaction to the rate rise from the chancellor, jeremy hunt. Well, of course any rise in Interest Rates is a worry for families with mortgages, for businesses with loans. But underneath that decision is a forecast that says that this time next year, inflation will be 2. 8 and we will have avoided recession. What the Bank Of England governor is saying is that we have a plan that is bringing down Inflation Lay solidly, robustly and consistently. So the plan is working but what we have to do as a government is make sure we stick to that plan and dont veer around like a shopping trolley. We stick to that plan so that families and businesses can start to feel the benefits of that plan actually working. So, jeremy hunt says the government is sticking to its plan. But this was the reaction from labours shadow chancellor, rachel reeves. The government need to take responsibility for the fact that inflation in the uk is much higher
Bit better, a few showers around but still disappointing in terms of temperatures. Jane. Thanks, louise. And thats bbc news at six, you can keep up with all the latest developments on the bbc website. From the six team, its goodbye. The news continues here on bbc one, as now its time to join our colleagues across the nations and regions for the news where you are. Goodnight. Hello, and welcome to sportsday. Im Lizzie Greenwood hughes, heres whats coming up. Heartbreakfor germany at the womens world cup theyre out in the group stages. Instead, celebrations for morocco who go through to the last 16 for the first time in their history. At the Netball World Cup england are full of confidence after a stunning win over top side australia. I dont think you can underestimate mentally what that tells me about where the group are at. I think thats a scary thing and something to really look forward to. And defending champions Great Britain crash out of the team pursuit at the cycling World Champi
Team coming into the world cup. To come out of a group where nobody gave them hope, they lost 6 0 in the opening game to germany. What was so impressive about that was the togetherness they showed. I also like the fact that the girl that wore the hijab, for the growth of the game, i think for muslim women and young girls to see a female play in a major tournament, on such a big stage, i think that visibility is crucial moving forward. So here they are taking their place in the Knockout Stage where theyll play france. Thatll be the final last 16 match. It all starts on saturday with spain against switzerland. Holders the usa meet sweden on sunday. While european champions england face nigeria, one of the now three teams from africa whove qualified from the groups. That is on monday. Seven time super bowl champion tom brady has become the latest High Profile Sports star to get involved with an English Football Club. Lebronjames has a small share in liverpool, jj watt is a burnley shareho
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, it is a terrifying situation. You know, if you have young families like ourselves who have been swayed into the Housing Market by government, whos 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, that would mean a rise of more than £23 a month. And for around 800,000 homeowners due to renegotiate their fixed deal in the second half of this year, it could mean an even bigger increase in their monthly repayments. Whites, good afternoon. But at this estate agent in salisbury, they say there are still more people wanting houses than there are properties available. A supply and demand is
Responsibility for the fact that inflation in the uk is much higher than it is in comparable countries. In the us, it is 3 . In the eurozone it is 5. 3 . And yet, here in britain, inflation remains stubbornly at 7. 9 because of a decade or more of mismanagement by the conservative party. Lets talk to our work and money reporter peter ruddick. What does this mean for people with mortgages . It what does this mean for people with mortua. Es . , what does this mean for people with mortua. Es . , , what does this mean for people with mortauaes . ,. Mortgages . It was widely expected but unfortunately mortgages . It was widely expected but unfortunately that mortgages . It was widely expected but unfortunately that will mortgages . It was widely expected but unfortunately that will not but unfortunately that will not prevent the pain from hurting. Lets break this down, for people on a variable or a tracker rate mortgage, which tracks the Bank Of England base rate, they will see immediate im