we still, of course, work out the detail of the inquiry, but we are still. it is still sinking in, to be honest. charges of attempted rape and assault are dropped against manchester united footballer mason greenwood, after a key witnesses withdraws involvement. the oil giant shell reports record annual profits of £32 billion the highest in its 115 year history. and a watchdog urges landlords to act now after tens of thousands of homes were found to have serious damp and mould issues. good afternoon and welcome to bbc news. the bank of england has raised interest rates from 3.5 to 4% their highest level since 2008. the increase will leave millions of households facing higher mortgages at a time when many are already struggling with energy and food bills. the bank also says the uk will enter recession, but it won t be as severe as they predicted last year. the governor of the bank of england, andrew bailey, has been speaking with our economics editor, faisal islam. we th
and are earning more than ever before. let s start with oil prices, because they ve risen some 20% over the past three weeks. this time last week, prices surged after the oil cartel, opec +, decided it would reduce its combined output by 1.1 million barrels per day. crude prices climbed after the cartel s announcement, but later in the week they steadied, following the latest us and chinese economic data which suggested weaker post pandemic growth. so where are we headed? russ mould, investment research director at aj bell joins me now. i m very excited about this. you are down by the seaside in brighton but actually here today. on the bank holiday we dragged you in. what are your thoughts about oil right now? opec + is seen as this organisation by the white house is not especially helpful when it comes to our outlook for the global economy, cutting production and causing another spike in the price of oil which is very inflationary? it spike in the price of oil which is very
for a week to pay everything. i ust don-t have mi don t have it. and nyambe lewis vau:han don t have it. and nyambe lewis vaughanjones don t have it. and nyambe lewis vaughan jones in don t have it. and nyambe lewis vaughan jones in the don t have it. and nyambe lewis vaughan jones in the studio - don t have it. and nyambe lewis vaughan jones in the studio in i vaughanjones in the studio in london, also in the news this hour. harrowing and callous, a damning report is published into maternity care at east kent hospital trust. the chief investigator says women were not listened to. 202 families that came forward. in 97, deaths, injuries or other harm could have been different if care had been given to the standards accepted nationally. russian president vladimir putin declares martial law in the four regions of ukraine which were annexed last month. they will be expected to work with russia to boost their war effort. good afternoon. figures show that cost of living is ri
warns no one can overturn the islamic republic, as protesters again take to the streets. hello, sorry, don t wish to be rude but i m in no fit state to entertain today. and the actor robbie coltrane, who played hagrid in the harry potter films, has died aged 72. welcome to our viewers on pbs in america and around the globe. britain s prime minister, liz truss, has sacked the chancellor of the exchequer, the finance minister, kwasi kwarteng, just 38 days into his tenure. his departure came as the prime minister s economic growth plan and political credibility are being called into question. he s been replaced by the former foreign secretaryjeremy hunt. in a press conference lasting less than nine minutes, ms truss was asked four times why she was remaining in herjob, with reports that some of her own conservative mps are privately suggesting she should resign. our political editor, chris mason reports. turning up for another u turn, the prime minister invited reporters to down