the pound has stabilised today after hitting a record low yesterday. we ll be explaining the impact of what s going on in the markets. also this lunchtime. sir keir starmer will promise a fresh start for the uk in his keynote speech to the labour party conference today. the prince and princess of wales make their first visit to the nation since they were given the titles. and nasa smashes a spacecraft into an asteroid to test whether they can be deflected away from earth. and coming up on the bbc news channel: scotland are in poland seeking nations league promotion. avoid defeat tonight against ukraine and they ll also be assured of a play off spot for euro 202a. good afternoon and welcome to the bbc news at one. many banks and building societies are reviewing their mortage deals because of forecasts of a sharp rise in interest rates. the bank of ireland has withdrawn all mortgages. virgin money and skipton building society have closed offers for new customers, but will consi
public services, tax cuts. you can see the rate has slipped somewhat but it is three times as high as it was six months ago. what does that add up to? basically the government will have to find an extra £15 billion just to pay interest costs on existing debt, money that could be spent on the likes of schools and hospitals and pretty penny times. how has this impacted us all? we have to look at what has happened to the pound is notjust today but in recent months. one in £3 of imports are priced in dollars so we have to pay more for them because of the way the exchange rate moves and it has been enough to add 20% to price tags on things like american genes, oiland price tags on things like american genes, oil and gas, price tags on things like american genes, oiland gas, or getting more expensive. this lunchtime there are estimates out there that perhaps what we have seen under this government has meant £500 billion has been wiped off the value of our stock and bond markets, money tak