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
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
see possible on a bike, bringing breakdancing to the saddle in the mesmerising sport of bmx flatland, one that would leave most of us dizzy. you hear that a lot, that it s compared to breakdancing. i guess it s all about the fluid motion. a lot of it s notjust the tricks as well, it s the style and the creative too. you bring yourself. reece thomson is blazing a trail as the first british athlete to compete for a world championship medal in this discipline, bringing the sport to a new audience. ijust thought it was amazing. i didn t know people could do that with bmxs. i used to do yo yoing and i thought that that was cool. sojust seeing that is like, whoa, i could do so much cooler stuff. i it s been a street sport in some parts of the world for decades but now there s a formalised world championship and reece and his rivals will compete in two three minute rounds to show off the very best of their artistic and athletic ability. over the next 11 days, this will be one of the surpris
to this country. before these championships few will have heard of bmx flatland. now, thanks to these games and athletes like reece, a new generation will be inspired to give it a go. i just hope that when some young people see this and then they see, oh, its possible, and hopefully off the back of this event we will get a few more people into flatland bmx. from obscurity in a former warehouse in glasgow, to hundreds of millions expected to watch on tv across the globe, reece quite literally will have the world at his feet. 0ur correspondent nesta mcgregor is in glasgow now. as you heard in mike s report, 11 days of cycling starting today here at the sir chris hoy velodrome, where the track and para track events will be held. the likes of jack carlin, dame sarah storey and katie archibald will be in action. when katie archibald takes to the
will lay held separately. you will recognise track cycling, mountain biking and bmx, but some you might not have heard of before and i came across the sport of bmx flat land in glasgow. have a look at this. skills you never thought you d see possible on a bike, bringing breakdancing to the saddle in the mesmerising sport of bmx flatland. one that would leave most of us dizzy. you hear that a lot, that it s compared to breakdancing. i guess it s like all about the fluid motion. a lot of it s notjust the tricks as well, it s the style and the creativity you bring yourself. reece thompson is blazing a trail as the first british athlete to compete for a world championship medal in this discipline, bringing the sport to a new audience.