flanders and claire barrett. we have got stephanie flanders from bloomberg economics on the podcast. hello. hello, hello. and another friend of the podcast, claer barrett, from the financial times. thank you for having me. i m glad you re here, so, interest rates at 3%, stephanie. gives a sense of how that feeds into real lives. in gives a sense of how that feeds into real lives. into real lives. in terms of money that into real lives. in terms of money that is into real lives. in terms of money that is about - into real lives. in terms of money that is about 2 - into real lives. in terms of. money that is about 2 million people in the country who are on a variable rate the biggest since the 80s or 90s depending on who you believe. and for somebody with the average size mortgage, that is going to add nearly £80 a month or £1000 a year, just from today s rise, but of course, that is the eighth rise we have had in succession from the bank of england. there is more pain t
2 million people in this country who are on a variable rate mortgage who will immediately see the impact of that 0.75% rise we have had today. the biggest since the 80s or 90s depending on who you believe. and for somebody with the average size mortgage, just from today s rise, but of course, that s the eighth rise we have had in succession from the bank of england. there s more pain to come for around 2 million people you roll off their mortgage fixed rates next year. they might see an even bigger rise because they re on a really low rate now and it ll probably be higher than it is next year, so again, somebody with the average size mortgage, they can expect to pay around £250 more per month, or £3000 a year, and that s based on a mortgage of 130,000 so obviously if you have a bigger mortgage, you will have bigger repayments. trying to work out from listening to the various contributions we ve heard today, whether it be andrew bailey at the bank of england orjeremy hunt
regimes get started. they get started by a demagogue, an authoritarian basically demanding fealty, and not just to himself but to his version of reality. we saw that start on the afternoon of the inauguration where, you know, alternative facts about the size of the crowd became the argument the white house was making to overlook the fact that there wasn t that big a crowd, and it continues to today where people who you would think not only know better but would want to do better are siding with this outrageous and i believe probably illegal use of classified material. so it s a mystery to me, but it is a dangerous mystery that you have the republican party still enabling the fantasies and the power-rungry dreams of the former president. that was former secretary of state and former presidential candidate hillary clinton speaking with us last hour on morning joe about the case against donald trump and the hypocrisy of how republicans reacted to her emails versus his allege
headlines claim that migration is out of control and sub is england is facing with the call and invasion. prominence to prompt the guard of rounding up the rhetoric and according to the times, that rhetoric is alarming senior tories. in the mirror also splashes on suella braverman calling her inflammatory, irresponsible and incompetent. now, large text raises incompetent. now, large text raises in the telegraph, excuse me and jeremy hunt have agreed to fill the governments of the billion for school black and that is also believed in the express which quotes a treasury source saying the item statement in just over a fortnight s time will be painful. as you can hear, i ve got a bit of a funny throat. let s go straight to the daily mirror and inflammatory, irresponsible and incompetent but still in thejob, irresponsible and incompetent but still in the job, the irresponsible and incompetent but still in thejob, the mirror not mincing its words. it still in the job, the mirror no
brought a 500 year flood all the way across the state to cities like orlando last week. at least 80 people so far confirmed dead. damage estimated to be in the billions of dollars. and with so many people in shock and heartbroken, here is a word from the second in command in the white house. it is our lowest income communities and our communities of color that are most impacted by these extreme conditions and impacted by issues that are not of their own making. so we have to address this in a way that is about giving resources based on equity, understanding that we fight for equality but we also need to fight for equity. harris: the backlash was immediate. florida governor ron desantis s campaign tweeted this is false. the v.p. s rhetoric is causing undue panic and must be clarified. fema individual assistance is already available to all floridians impacted by hurricane ian regardless of race or background. south carolina congresswoman nancy mace with this. it s literal