Growing at a slower rate for the past two months, but inflation remains at nearly 8 , four times higher than the official target. Hannah miller has this report. For father of two peter, sorting out the Family Finances is proving hard. He and his wife bought their first home using the help to buy scheme. But when their mortgage comes up for renewal early next year, theyll have to find an extra £750 a month in repayments. Somehow were supposed to spend less and find £750 extra a month to pay for that. So, you know, for many families, its a terrifying situation. If you have young families like ourselves who have been swayed into the Housing Market by government, whose advertised help to buy as an affordable scheme, right, when things become unaffordable, you cant simply turn around and say, thats your problem. A rise of 0. 25 Percentage Points would take the Bank Of Englands base rate to 5. 25 , the highest since april 2008. For someone with an average Tracker Mortgage of £200,000, tha
nasa says it will go ahead and launch the most powerful rocket its ever built. good morning and welcome to bbc news. a manhunt is underway in liverpool after a nine year old girl was shot dead. police say an unknown man is reported to have fired a gun inside a house in the knotty ash area of the city at around ten o clock last night. a man and a woman also suffered gunshot injuries in the attack. ian byrne is the labour mp for liverpool west derby, where this attack happened. he spoke to breakfast earlier this morning. i think devastating is a good way of putting it. we are still going to process what we have heard overnight. it is absolutely devastating that a wholly innocent nine year old young girl has been sadly murdered and i think we are all struggling to process it is a community, in west derby in liverpool and across the country. i think as a moves forward i have heard as much as everybody else, really, we need to hearfrom heard as much as everybody else, really, we
hello and welcome to audiences in the uk and around the world. we start here in the uk where the bank of england is poised for the biggest rise in the cost of borrowing for 27 years to rein in the soaring cost of living. economists expect the central bank to raise its main interest rate by half a percentage point something it hasn t done in one go since 1995. that would take it to 1.75% the most expensive borrowing costs the uk has seen for almost a decade and a half with further steep rises expected. it comes as a leading think tank has warned inflation could hit 15% before it starts to ease next year. george buckley is chief uk & euro area economist at the investment bank nomura. i assume you are with the majority and you think is half a percent rise today is a given? i a percent rise today is a civen? ~ , a percent rise today is a civen? ~ , ., a percent rise today is a . iven? ~ , ., ., given? i think it is going to happen. given? i think it is going to happen.
moved to a hospice. china launches several ballistic missile tests into waters around taiwan following a senior us leader s divisive visit to the island. and how disposable facemasks are blighting birdlife in 23 countries around the world. good afternoon, welcome to the bbc news channel. good afternoon, welcome to the bbc news channel. the bank of england has predicted that the uk is set to enter a recession this autumn lasting more than a year. the bank says inflation is likely to peak at 13% by december and today it has announced the largest rise in interest rates for 27 years. the 0.5% hike means that interest rates now stand at 1.75%. the move is part of attempts to curb spiralling inflation, by making borrowing more expensive and discouraging spending. but it means mortgages and loans will be more expensive for millions of people as andy verity reports. rarely has the bank of england given out an economic warning this unsettling. it s not only forecasting the worst infla
and we ll bring you that interview in full at 2.30. president biden will arrive in the texan city of uvalde later today after a teenage gunman killed 19 children and two teachers one of the greatestjockeys of all time, lester piggott, who won the derby nine times, has died at the age of 86. welcome to the programme. liverpool football club has called for an investigation into what it describes as unacceptable issues faced by fans trying to get into the stadium in paris last night to watch the champions league final. the match was delayed by more than half an hour after liverpool fans were held outside the stadium and police used pepper spray and tear gas. some merseyside police officers at the game described it as the worst european match they d experienced. dan johnson reports. these are scenes any football fan will find uncomfortable, and not what you d expect to see at the biggest european final in 2022. thousands of supporters frustrated and angry after the french polic