could the emergency services have done more to save lives after the manchester arena bombing? a report is due out shortly. the migrant crisis in kent the home secretary visits dover and manston to see for herself what s happening there. and why soaring energy bills mean many swimming pools and fitness centres could be forced to close this winter. i ve been going, what, ten years or more. peter has been coming 16. and coming up on the bbc news channel. it s crunch time in the t20 world cup group stages as pakistan dig deep to claim a vital victory over south africa to avoid elimination. good afternoon. within the last hour, interest rates have gone up by three quarters of a percentage point the biggest increase for more than 30 years. it pushes the base rate up to 3% as the bank of england tries to control inflation. it s the eighth rise in a row, meaning higher mortgage bills for many homeowners. meanwhile, the bank has also warned the uk could be on course for its longes
interest rates have gone up by three quarters of a percentage point, the biggest increase for more than 30 years. it pushes the base rate up to 3%, as the bank of england tries to control inflation. it s the eighth rise in a row, meaning higher mortgage bills for many homeowners. meanwhile the bank has also warned the uk could be on course for its longest recession since reliable records began, over a century ago. our economics correspondent, andy verity, reports. it is the biggest interest rate rise in a third of a century. the cost of living has been rising at its fastest rate for a0 years for global reasons but the bank of england is trying to prevent runaway inflation from becoming embedded in the domestic economy. these are big changes, they have a real impact on people s lives, so why are we doing it? and why are we doing it now when so many people are already struggling with higher energy and food prices and other bills? quite simply we are increasing the bank rate bec
we start with the war in ukraine. we ll look at what s happening on the ground in a moment. first to sanctions. eu leaders have finally agreed on a partial embargo of russian oil imports. it will affect oil that arrives by sea. that s around two thirds of imports. this is the second day of the summit. we know that the eu has been trying to work out a way to ban russian oil imports for months. we ll get into why it s been so complicated in a minute. first, this is the president of the european commission. we decided then to have a ban now on de facto 90% russian oil imports of russian oil imports to the european union by the end of the year. and this comes at a time when we see that russia has disrupted supplies to, by now, five member states finland, bulgaria and poland but now to a company in the netherlands and a company in denmark. that message was echoed by the ukrainian foreign ministry. they said. let s look at the bigger picture. russia currently supplies about 27%