Rates have gone up again, for the 14th time in a row. The Bank Of England has put up its main rate from 5 to 5. 25 . That will mean higher mortgages for some people, but its also good news for savers. The Bank Of England is using Interest Rate rises to fight inflation, which has slowed recently, but which is still nearly 8 . Our economics correspondent andy verity reports the father of two, peter, keeping up the payments for his familys mortgages looking like anything but childs play. They bought their home under the governments help to buy scheme, but since then Interest Rates have risen 1a times. When his fixed rate deal expires early next year, the payments willjump. Somehow we are supposed to spend less and find an extra £750 per month to pay for that. For many families it is a terrifying situation, but if you have a young family like ourselves, who have been swayed into the Housing Market by government who has advertised help to buy as an affordable scheme, right, when things bec
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
Saying much. Thanks, ben. And thats bbc news at six. Its time to join our colleagues across the nations and regions for the news where you are. Good night. Hello, and welcome to sportsday im Lizzie Greenwood hughes. Heres a quick look at what we have coming up tonight. From crowdfunding to the world cup knock out stages jamaicas reggae girlz show brazil how its done. South africa are also through to the last 16 for the first time in their history, after an emotional win over italy. And scotland is set to put cycling in a spin, as it hosts the sports biggest World Championships. Also coming up on sportsday. We look ahead to englands final group game at the Netball World Cup against the top side, australia. So, welcome to sportsday, and lots more to come. But were starting at the womens world cup, where its been an extraordinary day as teams jostle for the final few places in the knock out stages, and the headline today is that two teams that have never made the last 16, jamaica and sout
Does happen, if youve got a £200,000 mortgage on a 25 year repayment term , thats going to repayment term, thats going to add about £30 a month, 3 to £400 add about £30 a month, 3 to £400 a year to your mortgage payments just from that quarter point Interest Rate rise, if indeed thatis Interest Rate rise, if indeed that is what happens. Yeah. And of course, the other thing is that theyre going to give indication going to give an indication their as where they see their forecast as where they see things going and whether well have rates. It is have more Interest Rates. It is 5. 25. Just getting out 5. 25. Were just getting out through 5. 25, up another quarter of a as expected for many economists , thats really economists, thats really interesting, mark, you know, because just a couple of weeks ago, a lot of people would have said that the bank of england needs half point rise needs to do a half point rise from 5 to 5. 5, given that inflation in the uk is unusually high. Were at 7.
Clearly have the solution, the future of the 77 percent every weekend on dw the, this is heidi only this with athlete is the fastest speed stuff in the world, she holds the world record of a 500 meters and the north square miles. Heidi has the need for speed. Always aiming to go to the foster. Who was the woman behind the records . What motivates her . We dive into the life of a woman who has just one goal to be the fastest on the surface. If it was up, its about beating myself going foster and said, i really was that kirk. The kid in the middle of the highest mountains and the outs, heidi old risk is at home speed. So thing is all about the wind. Heidi lives with her partner, chris on old, by the re like home to constantly changing with a loan. Yeah, confused the winter later because the upsets here, it looks like sort of the 60 not these listen to looks good to even better than the other side. So lets outside may 73. Not here there. Right down there. Oh yeah, a lot of people are in t