give up its secrets. rebecca morelle, bbc news. the time is 10:30pm and darren is here with the weather. hello, i want to touch on the flooding in italy first of all. this is just another example of severe weather becoming more severe and happening more often. it wasn t too long ago that this part of italy was in drought, but there has been six months of rain in the last couple of weeks which has certainly changed all that. this programme contains repetitive flashing images there s more analysis of the days main stories on newsnight with victoria which is just getting under way the site of the former redcar steelworks is at the centre of a furious row between the conservative mayor of tees valley and labour. truly shocking. industrial scale corruption on teesside. a huge site acquired by the public body south tees developments limited for £12 million, in 2019. what s going on then? we ll talk live to the conservative mayor who s facing labour claims of cronyism, corruption
latest project launching the see monster, the latest in a creativity festival costing millions of pounds. with over 2000 football related arrests last season. good evening. interest rates have risen to their highest level for m years, heaping extra costs on mortgage holders, credit card users and businesses. the governor of the bank of england warned that the uk economy may already be in recession. rates have risen by 0.5% today the seventh hike in a row, as the bank tries to curb inflation. interest rates now stand at 2.25%. 0ur economics editor faisal islam has the details. for islam has the details. nearly a decade and a half, british for nearly a decade and a half, british interest rates have been extremely low. forthe british interest rates have been extremely low. for the homeowners, high street businesses and corporations, it had become used to very low base interest rates, this is now at an end. in nantwich in cheshire, the ice cream farm has benefited from inve
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
more money for social care in england to help free up nhs beds, but critics say it s just tinkering around the edges. iranian police and anti government protesters clash in tehran for a seventh day in the worst unrest for years after the death of a young woman in police custody. and launching the see monster, the latest project in a festival of creativity in the uk, costing the taxpayer £120 million. is it worth it? and coming up in the sport on the bbc news channel england s cricketers convincingly crushed in karachi as pakistan level the t20 series with a ten wicket win. good evening. interest rates have risen to their highest level for 14 years, heaping extra costs on mortgage holders, credit card users and businesses. the governor of the bank of england warned that the uk economy may already be in recession. rates have risen by 0.5% today the seventh hike in a row as the bank tries to curb inflation. interest rates now stand at 2.25%. our economics editor faisal isla