we start here in the uk where investors are now betting the cost of borrowing will have to keep rising because inflation remains stubbornly high. that s despite a pledge by the government to bring it down, and a barrage of interest rate rises by the bank of england attempting to get it under control. just a few weeks ago, we were assuming that after 11 increases in a row, the bank would not have to raise rates much further. but on wednesday, there was a major rethink on financial markets, which are now pricing in three more rises this year, with rates hitting 5%. here s why. prices in the uk are still rising much too fast, with inflation at 10.1% in the year to march. that s a bit less than the 10.4% recorded in in february, but was still much higher than expected. economists were predicting inflation would fall into single figures. one of the biggest factors the soaring cost of food and drink. it s up over 19% in the past year. it s the fastest rise in 45 years accordi
andm we ll be hearing all about the appeal and we ll be hearing all about the appeal to recruit more bell ringers, in time for the king s coronation. good morning and welcome to bbc news. health secretary steve barclay will meet members of the royal college of nursing today after the union announced it would suspend a planned strike in england next week to enter talks on pay with the government. in a joint statement, both the college and the department of health and social care said they would begin intensive talks on pay, terms and conditions and producitivity enhancing reforms. government proposals for next year s public sector pay are also being drawn up. the rcn had originally asked for a pay rise of 5% above inflation. it has since said it would be willing to meet the government half way. next week s walk out in england, from the first to the third of march, was set to be the biggest strike so far of this winter s dispute, with half of front line services affect
hello and welcome. starting with our starting with our headline starting with our headline stories. the high court has been hearing a council s bid to block government plans for an asylum centre at an raf airfield. braintree district council is bringing legal action over the proposed use of raf wethersfield in essex. with more on this from our correspondent dominic casciani. he is in the newsroom for us. take us through it. he is in the newsroom for us. take us through it us through it. yes, this is crunch time for one us through it. yes, this is crunch time for one of us through it. yes, this is crunch time for one of the us through it. yes, this is crunch time for one of the home - us through it. yes, this is crunch - time for one of the home secretary s key strategist to try to deal with what she says is a genuine emergency situation with regards to managing the flow of migrants coming across the flow of migrants coming across the english channel. the vast majority o
this whole thing has been one of the great blessings of my life. and back in belfast a standing ovation for an emotional bill clinton 25 years after he helped negotiate the good friday agreement. and coming up on bbc news: a champions league semifinal is within reach of manchester city. they beat bayern munich first time around, can they do the same again in germany later? good evening. the cost of living rose more than expected last month thanks largely to the soaring price of food. inflation, that s the rate at which prices are increasing, was 10.1% in march. down from 10.4% in february. but analysts had expected it drop more than that. the rising cost of food and drink takes a lot of the blame it has gone up by almost 20% in a year. our cost of living correspondent colletta smith reports. here come the sausages. it s hot dinner day in this little community kitchen in halifax. started off with about ten potions. in eight weeks it s grown to almost 150 portions. demand