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
companies had begun fracking, pumping fluids down to fracture the rock and release the gas, but a wave of protests and a series of small earthquakes led to the procedure being banned in 2019. today the government said it would be lifting that ban. it is important that we use all available sources of fuel within this country. vladimir putin has weaponised energy, said mr rees mogg. the uk must do everything it can to ensure it has a secure supply, he said. this is a charterfor earthquakes, responded ed miliband. you can t escape a fossil fuels crisis by doubling down on fossilfuels. renewables are today nine times cheaper than gas. but britain s biggest private company says it is ready to exploit what it believes could be a vast resource. research says it could be dramatically large. - it could be as big as the north sea. but we don t know that until we can do the science and that s what we are asking to do.
the government has lifted the ban on fracking for england, the controversial process of lifting shale gas from rocks by breaking them up. a moratorium on fracking was put in place in 2019 following concerns over earth tremors, but as the energy crisis worsens in the wake of russia s invasion of ukraine the government says strengthening england s energy supply is an absolute priority. scotland and wales have no plans to lift their ban spot in northern ireland there is a proposal to ban fracking. to lift their bans and in northern ireland there is a proposal to ban fracking. 0ur climate editor justin rowlatt has more. blackpool is famous for its pleasure beach, its amusement arcades and its bracing sea air, but the fields beyond the town hold another valuable resource. there are reserves of natural gas trapped in the ancient shale rocks. companies had begun fracking, pumping fluids down to fracture the rock and release the gas, but a wave of protests and a series of small earthquakes