lets now get down to business. the biggest interest rate rise since 1989. that s what we are awaiting from the bank of england in just a few hours time as it battles to control soaring prices. the bank is widely expected to raise its benchmark rate from 2.25% to 3% pushing up the cost of mortgages, credit cards and loans. it comes as america s central bank the us federal reserve raised its main rate by three quarters of a percentage point and warned borrowing costs will have to go higher than many are expecting. michelle fleury has this from new york. this is the fourth time in a row that the us central bank has raised interest rates so aggressively, with another hike possible in december. the rapid pace of increases is in response to prices that have been rising at their fastest pace in four decades. now, as the race to beat inflation continues, the question for everyone is, will mr powell and his colleagues really keep up this pace? in its statement, for the firs
a new climate report says temperatures in europe have been going up by more than twice the global average. with the us midterm elections fast approaching president biden says democracy itself is on the line. # when i wake up early in the morning. and still fab after all these years a long awaited report is released today into the response of the emergency services to the bomb attack at the manchester arena five years ago. the report is expected to make serious criticisms of the police, ambulance, and fire services. one of the firefighters has told the bbc the response had been embarassing and shameful . judith moritz has been talking to a man who tried repeatedly to save the life of 28 year old john atkinson whose family say he was badly let down by the emergency services. siren wails in the aftermath of the explosion at manchester arena, sirens screeched towards the scene. but the police were in disarray, paramedics mostly stayed out of the blast area, and the fire
this is bbc news with the latest business headlines for viewers in the uk and around the world. how high will interest rates go? the bank of england poised for its biggest hike since the late 80s as inflation continues to bite. it comes as the us federal reserve pushes borrowing costs to a ill year high and warns they will keep rising. also coming up, the flight to net zero airbus says emission free airliners could be here in a little over a decade. plus winning bid! ebay cashes in as more of us shop second hand, and collectors hunt down everything from watches to sneakers.