and winds of change. cloud computing, augmented reality, and 100km/h yachts! how sailgp hopes to get the video game generation on board. this we start with the cost of borrowing because it is on the rise again. in the next few hours the bank of england and the european central bank are both expected to increase their main interest rates by half a percentage point to their highest in m years as they battle to bring inflation under control. good news for savers of course, but piling more pressure on businesses and many people with loans and mortgages. for the bank of england, it would be the tenth rise in a row and would take the cost of borrowing to 4% its highest since 2008. on wednesday the us federal reserve announced a quarter percent increase a much smaller rise than in recent months. but its chair, jerome powell, warned that it would not be the last. as samira hussain in new york reports after in new york reports a year of aggressive rate increases after a year o
as president putin begins drafting new troops in the fight in ukraine. some flights out of russia have sold out. also in the programme. the bank of england raises interest rates to their highest level for m years it warns the uk may already been in recession. and a fracking ban in england is lifted in a bid to increase energy production but critics say the move could harm the environment and trigger earthquakes. the us secretary of state has said russia s president, vladimir putin, can t get away with shredding international order over his invasion of ukraine. he was speaking at a special meeting of the united nations security council. here s what else he had to say. even the number of nations that maintain close ties with moscow have said publicly that they have serious questions and concerns about president putin s ongoing invasion. rather than change course, however, president putin has doubled down, choosing not to end the war but to expand it. that expansion he was
president biden looking to flip the script on republicans when it comes to crime the call to refund the police. could he be risking use of the unprecedented rate on mar-a-lago to score political points ahead of the midterms? will it work? our bream team panel. a university refusing to allow an lgbt club on campus. they say it s an issue of religious liberty. bombshell claims by the justice department in the formal objection to the trump team request for the neutral party to look to the documents taken from mar-a-lago. bill melugin. good evening. this doj filing came in moments ago. the doj filed this as their latest response tonight to former president trump s lawsuit over the fbi search of his home in their filing tonight, doj is saying that efforts were likely taken to obstruct the federal probe into the classified documents that were taken by the fbi from mar-a-lago. specifically here s what doj is writing. in particular the government developed evidence that a search l
are the biggest tax cutting budget in half a century. we ll find out what the changes mean for households. also this lunchtime: four russian occupied areas of ukraine are voting on whether to become part of russia in what the west sees as a move by moscow to annex the regions. a court has been shown distressing video footage about suicide and self harm that the schoolgirl molly russell viewed before she took her own life. and the multi award winning novelist dame hilary mantel, best known for her wolf hall trilogy, has died aged 70. coming up on the bbc news channel, can england rediscover theirform again? italy awaits tonight before germany on monday, with gareth southgate hoping to avoid the disappointment of relegation in the nations league. good afternoon and welcome to the bbc news at one. in a massive shake up of the uk s finances, the chancellor, kwasi kwarteng, has outlined a series of tax cuts and spending commitments that will cost £45 billion by 2027. the independ