and 48 hours to come up with the next generation of video games. we ll be hearing from the man behind the global gamejam. hello there. we start here in the uk, where the bank of england has raised the cost of borrowing for the tenth time in a row. the half a percent rise puts uk interest rates at 4%, their highest level in more than 1a years. a bonus, of course, for savers, but it piles more pressure on businesses and those with mortgages, loans and credit card debt. the good news is that the bank now thinks the uk s recession will be shorter and less severe than it previously thought, and there s a hint that rates may not have to go any higher. but a recovery could take years as our economics editor faisal islam reports. the squeeze continues. an official interest rate of 4% should not feel huge, but it does, and notjust here in nuneaton, forjoanne, who runs a furniture and gift shop. the mortgage a furniture and gift shop. the mortgage on a furniture and gift shop. th
you can see more of you can see more ofjim 0 neill you can see more ofjim o neill and all of his cupboards with talking business weekly with aaron heslehurst this weekend. i should not be unkind. it is not his fault, is it? finally, to the fast growing video games industry. it s expected to rake in more than $220 billion this year, according to one estimate. that is crazy. so, if you are looking to get foothold in gaming or build a career, there is a big event starting today. global games jam will be linking 33,000 people from 110 countries, online and at venues around the world. the aim is to develop a game from start to finish this weekend in 48 hours. last year some 7000 games were created. tim cullings is executive director of global gamejam. he s in seattle. this sounds insane and incredible. is it impossible? absolutely. we are really excited about it, looking forward to it. we have people
and 48 hours to come up with the next generation of video games. we ll be hearing from the man behind the global gamejam. hello there. we start here in the uk, where the bank of england has raised the cost of borrowing for the tenth time in a row. the half a percent rise puts uk interest rates at 4%, their highest level in more than 1a years. a bonus, of course, for savers, but it piles more pressure on businesses and those with mortgages, loans and credit card debt. the good news is that the bank now thinks the uk s recession