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
and lots of questions to answer, so let s get started. we begin this hour with breaking news. the washington post, reporting that house republicans are preparing a controversial plan. if the debt limit is breached. ahead of what s expected to be a major showdown with the white house. plus, talk about uncharted territory. a current and former u.s. president, both under investigation for mishandling classified materials. the difference between the two cases are worlds apart, but could documents found at biden s office complicate the criminal probe into donald trump? and later, why liars lie? is there a science behind embattled congressman, george santos is a mountain of lies, or is gop deception just part of the new normal? all of that and more is coming up. and good saturday morning to you all. i am katie phang. we begin the hour with breaking news. the washington post, reporting that house republicans are preparing a controversial plan if the debt limit is breached. the
t-15. ten, nine, eight, seven, six, five, four, three, two, one, ignition. engines full power, and lift o off. to one alpha. copy one alpha. pitching down range. stage one propulsion is nominal. nominal power and telemetry. stage one throttle down. supersonic. [engine worrying] execute. stage one throttle up. stage one bravo. copy. 1 bravo. impact shield has started. kayleigh: ambassador haley, this is really incredible to watch, i will never forget to traveling with president trump to cape canaveral, to see the first launch of americans into space nearly a decade, scrubbed due to weather, and then it happened. and what you are watching as a return to american greatness as we watch this for the take off. after nearly a decade of really stymieing our space exploration, it really feels like america is back on the space front. dr. saphier: it is awe-inspiring, and i m laughing, emily is so emotional watching this, but god is so good when you see something like
national address, that is right, you paid for with your dime, and rate half of americans as threat to the very foundation of our country. watch. there is no question as republican party today is dominated and driven and intimidated by donald trump and the maga republicans. and that is a threat to this country. they embrace anger. they thrive on chaos. they live not a light of truth, but in the shadow of allies. they see carnage and darkness and despair. they spread fear and lies and that is why respective conservatives like circuit court judge michael has called trump an extreme maga republicans voted a clear and present danger to our democracy. kayleigh: but in the very same breath, he tried to be mr. unity. is in your american president, not a president of red america or blue america, but of all america, that is why tonight i m asking our nation to come together. you night and still believe in america that is decent and have respect for others. i know policies can b