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
Strong gusts of wind for part of wales and South West England where gusts could reach 50 to perhaps 65mph, that is enough to cause localised disruption, could bring down one or two trees and perhaps place like the seven crossings running with speed restriction, difficult Driving Conditions for those towing caravan, the rain is extensive but for scotland and Northern Ireland sunny spell, look at the the, the midland, east anglia, north east england, iii, at the the, the midland, east anglia, north east england, ia, 15 degrees with the rain, it will feel miserable tomorrow afternoon. Now the good news is the worst of the rain clears through, and for sunday its a day of sunshine and shower, the greatest risk of seeing showers and thunderstorms, scotland, and east england, probably dry for wales and the south west. Temperatures generally high teens to low 20s, below par but not as miserable as for tomorrow. We keep temperature unsettled conditions next woke. Shower, so longer spells of rai
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
Peruvian colossal. Peruvian colossal. And well have a sports roundup with aiden. Yes thats right. Good morning to you, stuart. Abroad. Could he be following up his ashes success with an appearance in strictly an arsenal suffer a major injury blow just ten days before the start of the premier League Season and whats the weather going to look like today . Hello there bright today. Today a mixture of sunny spells and scattered heavy showers. Find out exactly where with me sooii. 500. Soon. Good morning to you. Im stephen dixon. And im ellie costello. Costello. And this is breakfast on gb news. News. Fancy bit of cake. This morning. Will you pay for it . Morning. Will you pay for it . Well, you could find yourself in hot water if you ask for a load of free cakes. So thats exactly what happened to the corrie actress Catherine Tyldesley. Her agent emailed a bakery and essentially asked for 100 cupcake acas a large birthday cake and a small birthday cake and a small birthday cake and a small
Hello. We start with breaking news imran khan, pakistan s former Prime Minister, has been arrested, after being sentenced to three years in prison. His team say they will file an appeal against the ruling. Thejudge found him guilty of failing to declare money he had earned from selling state gifts. As the decision was announced in islamabad a crowd, including some prosecuting lawyers, began chanting, Imran Khan Is A Thief outside court. Multiple cases have been filed against mr khan in the last 16 months. In may, he was detained for not appearing at court as requested but was subsequently released after the arrest was declared illegal. Since then his party has been under intense pressure from the authorities with many senior officials leaving and thousands of supporters arrested, accused of being involved in the protests that followed imran khans arrest. The Pakistan Parliament will dissolve on 9th august and a Caretaker Government will take over in the run up to the elections. No elec