Killer has been given 100 grand in legal aid, apparently. So can it really be true that you and l, it really be true that you and i, the taxpayer, are paying for this guys lawyers . Absolutely shocking. But this is something shocking. But this is something that affects everybody. Its that affects everybody. Its Interest Rates. They have risen again, really . Can we trust the again, really . Can we trust the people in charge of our economy to get us out of it at the moment . How is this affecting ordinary people, the pound in their pocket . It matters to us all. And were also to be all. And were also going to be discussing this well. Discussing this as well. So ukrainian know, ukrainian refugees, you know, actual and children actual women and children who are actual war . Well, are fleeing an actual war . Well, apparently they could be booted out of britain soon. But of course, if you happen to be a young, virile chap coming across the channel in a dinghy, well, well roll out the red ca
And in the euro area, where wholesale Energy Prices feed through more directly to Consumer Prices. Where there is more uncertainty is around the time it will take the other non Energy Components of the Consumer Price of Consumer Price inflation to come down as well. Price inflation for food and Non Alcoholic beverages has been very high, but it does appear to have peaked. And as you can see in this chart, there are signs in the monthly figures that it has started to ease. And evidence collected by the banks Regional Agents suggests that a moderation in food inport prices is being passed through the supply chain to Consumer Prices. So we do expect that food Price Inflation will come down gradually over the rest of this year. The Shadow Chancellor has said the Interest Rate rise weve seen today is another hammer blow to families who are seeing their mortgages increase. Rachel reeves said that the government needs to force the banks and lenders to do more to Mortgage Holders help includin
You expecting . I think there will be a rate rise and everyone you expecting . I think there will be a rate rise and everyone is a rate rise and everyone is expecting 0. 25 from the bank today. The challenge it has is that its looking at what inflation has already done and we know Interest Rate rises take quite a while to filter through. Rate rises take quite a while to filterthrough. Is rate rises take quite a while to filter through. Is any danger here that rates go too high and therefore strangle the economic recovery . There is always a risk when putting Interest Rates up, its a really hard job to do. To know that when youre putting your foot on the accelerator that is going to do the right thing because there are lots of lags in how long it takes. In general, you get the sense of the Bank Of England and the message, they are more concerned about doing nothing, they feel that they can dial back on that a little bit more than letting inflation continue to persist. Obviously, the ris
With a soft landing and we can avoid a recession. Avoid a recession. Well, the shadow chancellor rachel reeves, says the government needs to do something. A family thats looking to remortgage their property is going to be paying on average more than £200 extra every single month. And for some people its much more than that. The government need to take responsibility for the fact that inflation in the uk is much higher than it is in comparable countries. Countries. Now the developing news this houris now the developing news this hour is that donald trump is currently making his way to washington dc. As youve been hearing, hes going to appear in court there. The former president is charged with plotting to overturn the 2020 us president ial election result. President ial election result. Hes due in court at 9 00 pm. Thats uk time and well keep you up to date with the very latest on that as it happens. Latest on that as it happens. Now, five activists that scaled the Prime Ministers home
Responsibility for the fact that inflation in the uk is much higher than it is in comparable countries. In the us, it is 3 . In the eurozone it is 5. 3 . And yet, here in britain, inflation remains stubbornly at 7. 9 because of a decade or more of mismanagement by the conservative party. Lets talk to our work and money reporter peter ruddick. What does this mean for people with mortgages . It what does this mean for people with mortua. Es . , what does this mean for people with mortua. Es . , , what does this mean for people with mortauaes . ,. Mortgages . It was widely expected but unfortunately mortgages . It was widely expected but unfortunately that mortgages . It was widely expected but unfortunately that will mortgages . It was widely expected but unfortunately that will not but unfortunately that will not prevent the pain from hurting. Lets break this down, for people on a variable or a tracker rate mortgage, which tracks the Bank Of England base rate, they will see immediate im