spring now comes three weeks earlier than it used to in the 1940s. hello to you, a warm welcome to bbc news. the bank of england has increased interest rates by a quarter of a percentage point, to 1%, as it tries to damp down rising prices. it predicts inflation will rise to more than 10% this year the highest rate since 1982. in a gloomy assessment, the bank has also forecast the economy will contract next year, leaving the uk facing a period of so called stagflation when prices rise quickly, but economic growth is slow. here s our economics correspondent, andy verity. the global economy reopening after a pandemic and a war in ukraine don t ask what that has got to do with the price of cheese. the answer is everything. prices are going up weekly, you know? milk prices have gone up vastly in the last three or four months, butter is going up £5 a case, and then it has gone up another £5 a case. which 0k, it is good forfarmers, they are getting a decent price for their
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importantly than that, it s essential to the scrutiny of the decisions that i will carry the impact of these decisions with me forever and i want to make sure that those who come after me in politics have the benefit of the learning, the things that my government did right and the things my government did that were not right, with hindsight that we wish we had done differently. i cannot say strongly enough how important that is to me. these decisions were of a magnitude beyond what i had ever experienced and that is true of decision makers everywhere and the impact of them. i think about that literally every day and i want this inquiry and the scottish inquiry to scrutinise those decisions so we can learn and future governments can learn appropriate lessons from them. in governments can learn appropriate lessons from them. governments can learn appropriate lessons from them. in case there is an doubt lessons from them. in case there is any doubt on lessons from them. in ca
the families of the hostages of course notjust those directly involved, but the families of the 130 or so hostages thought to still be held in captivity. hamas has done this thing before, trying to put pressure on the israeli government to call a cease fire in order to release the hostages safely. but this episode has been particularly distressing and i think brutal. these videos were released in three trenches the first videos show just the three hostages speaking, it wasn t clear when the images were taken. the second video which was released this morning showed the three people again, but suggested that their fate wasn t known they might be alive, they might be dead and people might know tonight. and tonight, a third video has been released showing two of the male hostages apparently killed. now the video says they were killed in an israeli air strike it is impossible to verify that claim, and these are very distressing. most of these are very distressing. most o
nasa says it will go ahead and launch the most powerful rocket its ever built. good morning and welcome to bbc news. a manhunt is underway in liverpool after a nine year old girl was shot dead. police say an unknown man is reported to have fired a gun inside a house in the knotty ash area of the city at around ten o clock last night. a man and a woman also suffered gunshot injuries in the attack. ian byrne is the labour mp for liverpool west derby, where this attack happened. he spoke to breakfast earlier this morning. i think devastating is a good way of putting it. we are still going to process what we have heard overnight. it is absolutely devastating that a wholly innocent nine year old young girl has been sadly murdered and i think we are all struggling to process it is a community, in west derby in liverpool and across the country. i think as a moves forward i have heard as much as everybody else, really, we need to hearfrom heard as much as everybody else, really, we