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Transcripts for BBCNEWS BBC News 20240604 09:29:00

woman who has become the first to go to the deepest part of the ocean, up a mountain and into space. but now let s pause to say goodbye to our viewers on bbc two. more now on the forecast from the bank of england which will leave many people concerned about their jobs and their bank balance. savers, borrowers and many of those with a mortgage are starting to realise what all this means for them, as hannah miller reports. for kayleigh farmer, browsing the mortgage market has become far from an attractive prospect. as she comes to the end of her two year fixed rate, she s going to see her monthly payment of £1,000 go up more than a quarter to 1,270 and it will impact other areas of her life. the mortgage increases are really affecting my life at the moment with the cost of living and i get married next month so my pennies are very tight, and £270 a month is quite a big amount of money for me to have additional as outgoings

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Transcripts for BBCNEWS BBC News 20240604 09:00:00

this is bbc news these are the latest headlines in the uk and around the world. the bank of england rejects accusations it was too slow to raise interest rates in the uk. the rise from 1.25% to 1.75% is the biggest increase in 27 years. the mortgage increases are really affecting my life at the moment, with the cost of living and i get married next month, so my pennies are very tight and £270 a month is quite a big amount of money for me. the economy dominates the latest conservative leadership debate as contenders liz truss and rishi sunak clash over how to deal with the threat of a looming recession. taiwan s foreign minister warns that china s dream of territorial expansion does not end at taiwan, as beijing continues its show

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Transcripts for BBCNEWS BBC News 20240604 08:10:00

that are likely to be continued to be squeezed as inflation remains high for a little bit longer. so in terms of spending behaviours, they need to plan for a year of more difficult times. need to plan for a year of more difficult times. thank you so much for our difficult times. thank you so much for your analysis difficult times. thank you so much for your analysis this difficult times. thank you so much for your analysis this morning. - for your analysis this morning. chief economic analysis for kpmg in the uk. it is a particularly gloomy forecast from the bank of england which will leave many people concerned about their jobs and their bank balance. savers, borrowers and many of those with a mortgage are starting to realise what all this means for them, as hannah miller reports. for kayleigh farmer, browsing the mortgage market has become far from an attractive prospect. as she comes to the end of her two year fixed rate, she s going to see her monthly payment of £1,000 go up

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Transcripts for BBCNEWS Breakfast 20240604 05:09:00

that s their justification for bringing in the biggest interest rate rise in more than a quarter of a century to 1.75%. if we don t act now and i realise how difficult this is, i realise, as we re saying, particularly for those those on lower incomes, particularly those with higher borrowing costs. but if we don t act, inflation will become more embedded, it will get worse and we will have to raise interest rates by more, and that yeah, we have to act to prevent, to stop that. and savers, borrowers and many of those with a mortgage are getting to terms with what all this means for them, as i ve been finding out. for kayleigh farmer, browsing the mortgage market has become far from an attractive prospect. as she comes to the end of her two year fixed rate, she s going to see her monthly payment of £1,000 go up more than a quarter to 1,270 and it will impact other areas of her life. the mortgage increases are really

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Transcripts for BBCNEWS BBC News 20240604 09:00:00

this is bbc news these are the latest headlines in the uk and around the world. the bank of england rejects accusations it was too slow to raise interest rates in the uk. the rise from 1.25% to 1.75% is the biggest increase in 27 years. the mortgage increases are really affecting my life at the moment, with the cost of living and i get married next month, so my pennies are very tight and £270 a month is quite a big amount of money for me. the economy dominates the latest conservative leadership debate as contenders liz truss and rishi sunak clash over how to deal with the threat of a looming recession. taiwan s foreign minister warns that china s dream of territorial expansion does not end at taiwan, as beijing continues its show of military force around the island.

Uk
Bbc-news
Headlines
Around-the-world
Interest-rates
Bank-of-england
Accusations
Increase
Mortgage-increases
Rise
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1-25

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