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Transcripts For BBCNEWS Outside Source 20240707

and israel election officials confirm benjamin netanyahu and his far right allies as the winners in tuesday s vote he s set to return for a record sixth term as prime minister. the bank of england has warned that the uk is facing its longest recession since records began, as it raised interest rates by the most in 33 years. the 0.75% point rise the eighth consecutive hike takes uk rates to 3%, meaning higher mortgage bills for many homeowners. the bank of england s move matches the us federal reserve s rate hike on wednesday, as central banks around the world battle to combat inflation. here s the bank of england governor. 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 struggling with higher energy and food prices and other bills? we are increasing bank rate because inflation is too high. it is the bank sjob to bring it inflation is too high. it is the bank s job to bring it do

Transcripts For BBCNEWS BBC News 20240707

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

Transcripts For BBCNEWS Newsday 20240707

in the uk, as the bank of england warns the longest recession on record lies ahead. the united states calls for a un security council meeting to discuss north korea s continued use of ballistic missiles. and the world s disappearing glaciers a new report says a third could have melted to nothing in less than 30 years. live from our studio in singapore, this is bbc news. it s newsday. we begin the programme with dramatic developments in pakistan, where the former prime minister imran khan has been shot and injured while leading a protest march in the east of the country, calling for early elections. mr khan had been greeting supporters from the top of a lorry as a convoy of vehicles made its way to the capital, islamabad. he s been treated for injuries to his leg. pakistan s president called it a heinous assassination attempt. from pakistan, our correspondent samira hussain reports. thursday s protest march started like all the others, and then this happened. gunfire footage

Transcripts For BBCNEWS Breakfast 20240707

# eastenders theme and there is a new couple in albert square, as the duke and duchess of cornwall star in a specialjubilee episode of eastenders. good morning. ithink good morning. i think many parts of the uk will see the sun at some stage today, particularly the further south and east you are, but will that sunshine sparked off some thundery showers for you this afternoon? more details on what is happening where coming up. it is sunday 22 may. our main story: the long awaited report into gatherings in downing street during lockdown is expected to be published within days. the senior civil servant sue gray has given people she intends to name in her report until 5:00pm today to respond. meanwhile, pressure is growing on the prime minister to explain what was discussed at a meeting between him and ms gray several weeks ago. our political correspondent iain watson reports. the long awaited report into gatherings at the heart of government is being finalised this weekend an

Transcripts For BBCNEWS BBC News 20240707

hardening of its position. a city remembers five years on from the manchester arena bomb that killed 22 people. australia s incoming prime minister, anthony albanese has vowed to sweep aside his country s reputation for dragging its heels in the fight against climate change. wildfires, bleached out coral reefs and flooding has made made australia a byword for climate fuelled disruption. mr albanese looks set to be sworn in as prime minister on monday, before he heads to tokyo for a meeting with the leaders of the us, japan and india. he s signalled a major shift in climate change policy, saying australia could become a renewable energy superpower. the meeting is an absolute priority for australia and it enables us to send a message to the world that there is a change of government, there is a change of government, there will be some changes in policy, particularly with regard to climate change and our engagement with the world on those issues. our sydney correspondent shai

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