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
In a significant update from MX Sports, dates for the Midwest, Northwest, and South Central Area Qualifiers of the 2024 AMA Amateur National Motocross Championship have been revised. The changes, aimed at streamlining the championship schedule, will affect qualifiers in Utah, Texas, and Louisiana. .
cycling and cycle ball, the game pushing the boundaries of what we thought possible. and they are taking their place on the world stage alongside the more recognised cycling events the track and road races, the established bmx sports, and mountain biking. we ll have over 8000 athletes. we ll have them from 120 countries. and so it s bigger than the commonwealth games. and we are delighted for the very first time to have para athletes competing alongside their able bodied peers. one of the key things about getting one nation like scotland to host all the world championships of the various disciplines at the same time is to show the range of things you can do on a bike, and so getting more people involved in whatever kind of cycling they want to do. this catalyst for behaviour change, this shifting in people s perceptions about what can and can t be done, and just how important and how easy it is to get involved in cycling. that really will make a real difference to this city, and make
or overdoing it, it can catch up with you. over the next 11 days, this will be one of the surprises at the combined world cycling championships, along with other lesser known sports like artistic cycling and cycle ball, again pushing the boundaries of what we call possible. and they re taking their place on the world stage alongside the more recognised cycling events, the track and road races, the established bmx sports and mountain biking. we ll have over 8000 athletes, we ll have them from 120 countries. and so it s bigger than the commonwealth games and we are delighted for the very first time to have para athletes competing alongside their able bodied peers. one of the key things about getting one nation like scotland to host all the world championships in the various disciplines at the same time is to show the range of things you can do on a bike. and so getting more people involved in whatever kind of cycling they want to do. this catalyst for behaviour change,