here s where the bank s base rate stands at the moment at 5.25% it is the highest in 15 years. the bank has raised the cost of borrowing fourteen times to try and tame soaring prices but inflation has eased sharply in recent months and the expectation now is that rates may soon start to come down. however, for those in the uk hoping for cheaper mortgages and loans there was something of a bad omen in the us, where the chair of the federal reserve seemed to dash expectations of a rate cut next month. as michelle fleury reports. the fourth meeting in a row, the federal reserve did not raise interest rates. this is the longest pause since policymakers began their aggressive rate campaign to tame inflation back in march of 2022. but for rate weary americans, well, they will likely have to wait a few more months to see any relief, given these comments by the federal chair. based on the meeting today, i would tell you that i don t think it s likely that the committee will reach a
welcome back. the british government has walked away from a post brexit trade deal with canada, after nearly two years of negotation. the uk also had concerns about the steep 245% import taxes canada has slapped on british cheese. it means, at least for now the uk s trading terms, with canada will be worse than when it was part of the eu. live to westminster, we can speak to political correspondent helen catt. dead and buried orjust on the back burner? fin dead and buried or “ust on the back burner? , h, burner? on pause, the uk government sa 5 burner? on pause, the uk government sa sit burner? on pause, the uk government sa s it sa s burner? on pause, the uk government says it says it s burner? on pause, the uk government says it says it s open burner? on pause, the uk government says it says it s open to burner? on pause, the uk government says it says it s open to reopening - says it says it s open to reopening these trade talks but as he just pointed out, they ha
he pitched a fit. he was insulting, he was doing what he does. but i know that s what he does when he is insecure. i know that s what he does when he is threatened. and he should feel threatened, without a doubt. [ cheers and applause ] hello. thank you for joining us. i m ryan nobles in washington in for andrea. former president donald trump is back in federal court in new york city at this hour. at any moment, he could take the stand to defend himself in the damages phase of the e. jean carroll defamation trial. her defense team played a video of mr. trump s deposition this morning and wrapped up its case. the former president is fresh off his new hampshire victory and has continued to attack carroll publically and online after clashing with the judge who threatened to remove the former president from court last week. msnbc national correspondent jasmine have a joins us. do we know when and if donald trump will testify today? a couple things have gone on in the las
to shut down the blast furnaces at port talbot. frustration, disappointment is probably the biggest word. disbelief. it sjust been. handled absolutely appallingly in my opinion. also coming up: are pre election handouts ahead? taxes in his march budget. when i look around the world to america and asia, when i look around the world to america iwith sia, when i look around the world to america iwith lower when i look around the world to america i with lower taxes countries with lower taxes have more dynamic, faster growing economies. that s and a sweet business that ran out ofjuice. we look at the rise and fall of the original indian steel giant tata is expected to confirm up to 3,000 jobs will be cut from its british operations. the bbc understands tata is to go ahead with plans to shut down both blast furnaces at its port talbot site in south wales which is the uk s biggest steel plant. the company is intending to replace the furnaces with an electric version which is more
in the red sea. he will also know that yemen is one of the poorest countries of the world, suffered a massive humanitarian crisis with over 21 million people in need of support. can i ask the prime minister what will he do to ensure that they are not engulfed all over again particularly the civilians of yemen in hamas humanitarian catastrophe? yemen in hamas humanitarian catastmphe? catastrophe? can i thank my honourable catastrophe? can i thank my honourable friend catastrophe? can i thank my honourable friend are - catastrophe? can i thank my i honourable friend are amazing catastrophe? can i thank my - honourable friend are amazing and incredibly important point and reassure her and the house, and she will know this from my own that we are steadfast in our support of the yemeni people as one of the largest donors of life saving aid to the un appeal and we ve also committed £88 million in this forthcoming year, over the last several years we ve committed £1 billion a