Quite simply they are doing this because of inflation and the rate of Price Increases and the International Comparisons are clear, although inflation is falling, in the uk it is not falling by as much or down to as low a level as it is elsewhere in europe in the us, and the us, and the bank has been talking up food prices and the amount we pay for services and the speed that wholesale, lower wholesale prices are being passed through the supply chain to us. The bank talked about crystallising risks, essentially the fear that when it comes to private sector wage growth, rings might be becoming embedded so they argued they needed to continue acting despite the impact it will have on households and businesses and we know the impact it will have on uk households and Mortgage Holders and also those ran singh. Also a warning from the bank also those renting. They said the rates will be high for a while, they are expecting inflation to meet the target of the Prime Minister, to half inflation t
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
Of international affairs. This is 2. 5 hours. Our keynote speaker Jim Bridenstine is here. And one of my former graduate its now at nasa headquarters is also online and we will have him in the first panel. The topic today on Publicprivate Partnerships in space. I think some person said, does this mean too big to fail . There are lots of uncertainties about these kinds of things. Concern about the Industrial Base goes back to the beginning of aerospace in the United States. The creation of the predecessor to the Nasa National Advisory Committee on aeronautic was funded by 5,000 carved out of the main budget back in the early 20th century. Several years after the ride the Wright Brothers have already flowed. Europe accelerated is plans. If you did not hear about American Craft in world war i. You heard about french and english and japan. America was not deprived prime leader in that time. In a concern, a natural Advisory Committee for aeronautics was put together which included industry
Desert. Were building up to a massive showdown in riyadh. Bit of a grey start in places this morning. Some mist and low cloud around, but that should clear most of us brightening up and warming up. Just watch out for i or 2 heavy showers across parts of the south. Join me later for a full weekend forecast. Good morning to you. Good morning to you. Im Ellie Costello and im anne diamond and this is breakfast on gb news. And welcome back and thank you. Its so good to see you. Thank you very much. Its lovely to be back. So good to have you back. And the viewers are so excited to see you as well, john andrews, before we even came on air, left us a message on gbnews. Com yoursay saying celebration time, come on, lets celebrate and is back with a big line of party emojis and good morning ellie as well, says john with a thumbs up and jan bs beenin with a thumbs up and jan bs been in touch a minute ago saying welcome back and so very happy again. It wasnt a world cruise that again. I always get
War. Washington journal starts now. Host washington journal this is this is washington journal for sunday, may 12. The Social Security trust fund is expected to be exhausted in 2035, one year later than previous the projected. After that, the program will not be able to pay full benefits if lawmakers do not act to address the pending shortfalls. What changes to Social Security would you support . If you are under 40, 202 7488000. 40 to 65, 202 7488001. If you are over 65, 202 7488002. If you would like to text us, you can do so at 202 7488003. Be sure to include your name and city. You can also post a question or comment on facebook at facebook. Com cspan or on x at cspanwj. We are going to get your calls and comments in a few minutes, but first joining us to tell us more about the report is personal finance reporter lori cornish. Thanks for joining us. Why dont you start by telling us about the that seems to be making a lot news this week. Guest the funds the combined trust funds for