Growing at a slower rate for the past two months, but inflation remains at nearly 8 , four times higher than the official target. Hannah miller has this report. For father of two peter, sorting out the Family Finances is proving hard. He and his wife bought their first home using the help to buy scheme. But when their mortgage comes up for renewal early next year, theyll have to find an extra £750 a month in repayments. Somehow were supposed to spend less and find £750 extra a month to pay for that. So, you know, for many families, its a terrifying situation. If you have young families like ourselves who have been swayed into the Housing Market by government, whose advertised help to buy as an affordable scheme, right, when things become unaffordable, you cant simply turn around and say, thats your problem. A rise of 0. 25 Percentage Points would take the Bank Of Englands base rate to 5. 25 , the highest since april 2008. For someone with an average Tracker Mortgage of £200,000, tha
1096 quite comfortably. I eventually . Eventually, they reached 1096 quite comfortably. I think eventually . Eventually, they reached 1096 quite comfortably. I think was i 10 quite comfortably. I think was about 14 or so. They were looking for 1,000 registered voters here in the constituency to sign that petition, and in the end, they surpassed that in a straightforward manner. What it means is that there will be a by election for the people here in rather glenn and nearby hamilton glass rotherglen. Its almost three years since Margaret Ferrier built those rules by speaking in parliament when she was waiting for the results of a covid test. When i came back positive, rather than isolating, Shejumped On The came back positive, rather than isolating, she jumped on the train and came back up here to scotland. The consequences have been far reaching. She was arrested by police, she was charged and ultimately, she received 270 Hours Community service. She was also suspended by the snp and l
australian economy has been incredibly resilient. one difference though between here and the us, the us is a little bit further along than us, and rba, our central bank, generally is a lot more conservative and always looks to the us for guidance. what are the key factors driving the current interest rate movements in australia and how do they impact the economic outlook for the year? the economic outlook at this point is looking at a real tdp growth about 2% with inflation sitting at about mid single digit level. with the rate currently most economists expect no rise today and potentially three cuts by the end of this calendar year. our inflation rate, the last report was actually a lot better or undershot our central bank s forecast and hopefully that will be on its way down in the next few prints. how resilient is the australian economy then expected to be? you sound very optimistic about it. what are the key areas of strength but also areas perhaps of vulnerability? the a
resilient, one difference between here and the us, the us is further along, and our central bank is more conservative and always looks at the us for guidance.- at the us for guidance. what are the key at the us for guidance. what are the key factors at the us for guidance. what are the key factors driving i at the us for guidance. what l are the key factors driving the current interest rate movements in australia and how do they impact the economic outlook for the year? impact the economic outlook for the ear? , ., . impact the economic outlook for the ear? ., the year? the economic outlook is lookin: the year? the economic outlook is looking at the year? the economic outlook is looking at 296 the year? the economic outlook is looking at 296 with the year? the economic outlook is looking at 296 with inflation i is looking at 2% with inflation looking at mid single digit level, with the rate currently, most economists expect no rice today and potentially three cuts
a lot of people are frustrated and scared. it s scary for the world, i guess. i anticipate there will be a lot of moving money to the bigger banks. neil: unbelievable. believe it. fox on top of it. a banking mess in the making and still messy. three banks have technically collapsed this month. actually in just the past week. so far fears of a contagion are not taking held. here s what we know. customers are nervous, make that very nervous. officials aren t helping matters in when they say don t worry. we ve got this. do they? we ve got you covered with kelly o grady outside silicon valley bank branch where customers have been lining up. peter doocy in san diego where the president is trying to tamp fears down. peter, what are traders watching? none other than carl icahn on where this crisis could be heading. welcome. i m neil cavuto. so much happening today in real time fast time market conditions. let s go right now to kelly in los angeles with the very latest from the