From 5 to 5. 25 . And for the first time, its suggested that rates will stay higher for longer in an attempt to drive down stubborn inflation the rising cost of goods and services by reducing the amount of money we have to spend. Although todays increase means Borrowing Costs are at their highest level since 2008, it follows an era of unprecedented low rates. In previous decades, rates were much higher we can see here that in the 1980s rates got up to 18 before gradually falling. The bank today cut its forecast for economic growth, though it said the uk will avoid a recession. In a moment, well hearfrom savers, as well as families trying to cope with increasing costs, but first, heres our Chief Economics correspondent dharshini david. From cafe says customers may resist rate as higher mortgage and rent payments bite, to Estate Agents grappling with a sagging housing market, the hit from Interest Rates is clear. But for a very small minority, that impact is Life Changing. Minority, that
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and the department of health has admitted to spotlight that it also hasn t yet collected the data required to assess what services are actually needed, even though we re now 18 months into the pandemic. i suppose it s part ofjust a very complex picture within our health and social care system and the problems that were already here before long covid happened. but i think data collection is something that we are, 18 months into the pandemic now, there, you know, surely should be some sort of a coordinated approach there and how can the department even know that the money that they ve ring fenced is going to be enough? the department said there are difficulties collecting data on long covid, because of a changing picture where some people recover but others become ill. it added, data is now being gathered but it will be a number of months before there is enough to analyse. it expects the collection of data will improve once services are fully up and running. zoe and dad david are trying
anyone can know what services are needed and where, and how much they will cost, if the data hasn t been collected. i suppose it s part ofjust a very complex picture within our health and social care system and the problems that were already here before long covid happened. but i think data collection is something that we are, 18 months into the pandemic now, there, you know, surely should be some sort of a coordinated approach there and how can the department even know that the money that they ve ring fenced is going to be enough? the department said there are difficulties collecting data on long covid, because of a changing picture where some people recover but others become ill. it added, data is now being gathered but it will be a number of months before there is enough to analyse. it expects the collection of data will improve once services are fully up and running. zoe and dad, david are trying to stay positive.
are actually needed. even though we re now 18 months into the pandemic. chest heart and stroke questions how anyone can know what services are needed and where, and how much they will cost, if the data hasn t been collected. i suppose it s part ofjust a very complex picture within our health and social care system and the problems that were already here before long covid happened. but i think data collection is something that we are, 18 months into the pandemic now, there, you know, surely should be some sort of a coordinated approach there and how can the department even know that the money that they ve ring fenced is going to be enough? the department said there are difficulties collecting data on long covid, because of a changing picture where some people recover but others become ill. it added, data is now being gathered but it will be a number of months before there is enough to analyse. it expects the collection of data will improve once services are fully