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
Saying much. Thanks, ben. And thats bbc news at six. Its time to join our colleagues across the nations and regions for the news where you are. Good night. Hello, and welcome to sportsday im Lizzie Greenwood hughes. Heres a quick look at what we have coming up tonight. From crowdfunding to the world cup knock out stages jamaicas reggae girlz show brazil how its done. South africa are also through to the last 16 for the first time in their history, after an emotional win over italy. And scotland is set to put cycling in a spin, as it hosts the sports biggest World Championships. Also coming up on sportsday. We look ahead to englands final group game at the Netball World Cup against the top side, australia. So, welcome to sportsday, and lots more to come. But were starting at the womens world cup, where its been an extraordinary day as teams jostle for the final few places in the knock out stages, and the headline today is that two teams that have never made the last 16, jamaica and sout
On this sunday night on alert. After almost two dozen american embassies are closed, the u. S. Goes further, tonight broadening its order in what some call the most serious Terror Threat since the 9 11 attacks. Boardwalk rampage. A california man faces a charge of murder after allegedly driving his car into a crowdof hundreds, killing a woman on her honeymoon and injuring 11 others. Up in the air. Yankees slugger add exrodriguez about to find out how long hell be suspended in baseballs highest profile scandal involving performance enhancing drugs. Back to school. Means a big tax break for many parents shopping for School Supplies, but not everyone thinks its a good idea. And fantastic voyage. As a group of american Treasure Hunters strike it rich, very rich, at the bottom of the sea. Good evening. Just a short time ago, the state department announced it will extend the closings of some u. S. Embassies in the face of a serious and credible, but so far unspecified, Terror Threat against
Stay tuned for that. Hope you have a great labor day. Fox friends starts right now. Hey, everybody, and good morning. Today is monday, september 1st, 2014. Its labor day, everyone. Im in for elisabeth hasselbeck. Just call them jihadis gone wild. Could have been a bit shallower for them. But its not Summer Vacation video. These rowdy partiers are Islamic Militants celebrating inside the United States compound theyve just taken over. And there he goes again. Alec baldwin flying into a fit of rage. Surprise, surprise. And wait until you hear what set him off this time. And three weeks after he killed a fellow driver on the track, tony stewart makes his nascar comeback. Tony stewart [ cheers and applause ] but his triumphant return ends early. Those details and the video, straight ahead. Mornings are better with friends. Youre watching fox friends, the number one morning cable news show in america. Great to be with everyone. Thanks for joining us. Jesse watters. The hodgepodge right here.