the economy is coping with the cost of living crisis when we get first quarter gdp figures in just over an hour s time. it s expected to have continued growing by 0.2% in the first three months of the year. hardly booming, but a far cry from the record breaking recession that the bank of england was predicting six months ago. on thursday, the bank announced a major rethink of its forecasts, saying the uk will now avoid going into recession. but it warned that the battle to get soaring prices under control is taking much longer than expected. the bank also raised its main interest rate again by 0.25%, to 4.5%. that s the 12th rate rise in a row, and it puts the cost of borrowing here in the uk at a 15 year high. the bank is trying to take spending power out of the economy to stop prices rising so fast. inflation is currently running at over 10% a year. that s the highest rate in a0 years, and five times the bank s target of 2%. our economics editor faisal islam reports. red gr
defend it signs of disagreement at the cop27 climate change summit over plans by several african countries to extract more natural gas. and the jackpot that seems to get ever bigger the powerball prize now worth nearly $2 billion. of america s crucial midterm elections today. a strong showing for the republicans will put them in a position to block any ofjoe biden s legislation, and would encourage donald trump to run for the white house again in 202a. here s our washington correspondent nomia iqbal. that s certainly the hope by president biden and the democrats that they can work together. the moment president biden became president two years ago, he made a big point of bipartisanship. he is friends with a lot of republicans so he had made a big thing about how we can all get on. when the ukraine invasion happened, there was a rare glimpse of bipartisanship, because both parties agreed that sending aid to ukraine was a good thing. however, many republican candidates runn
to the financial times. they go to the bank of england saying not to| the bank of england saying not to interfere with city regulations, what is the story about? the governor what is the story about? the governor of what is the story about? the governor of the what is the story about? he governor of the bank what is the story about? tie: governor of the bank of what is the story about? ii9 governor of the bank of england is not well pleased with either, it would appear, liz truss or rishi sunak, effectively use saying to them, get your tanks off my lawn, particularly with threats of greater government intervention and the banks decision making, officially, he sang in the actions would damage the uk s competitiveness, especially of westminster were able to overturn those regulatory decisions but it seems he is especially upset with liz truss and it will be interesting to see if the front minister and where things go from here. irate to see if the front minister and where
Are affecting everton on it. Manager sean dyche admits he cant plan ahead, as uncertainty over the clubs takeover intensifies. And a telling off from the bosses Billy Vunipola is given a formal warning by the rfu, following his arrest in majorca last month. Also coming up on sportsday. The countdown is on just two days to go until olympic champion lauren price aims to become a world champion, too. I a world champion, too. Want to be a i a world chamion, too. Want to be a. , i want to be a massive fight because i want to be a massive fight because i want to be a massive fight because i want to be i want to be a massive fight because i want to be a i want to be a massive fight because i want to be a champion. I want to be a massive fight because i want to be a champion. Its i want to be a champion. Itsjust the start. Welcome along to the progamme. Plenty of support to bring you this thursday evening. Plenty of sport. Lets start in greece, then where the task might be tough, but there is