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
rate by 3/4 of a percentage rate and we expect ongoing increases will be appropriate. hello and welcome. thursday, september 22nd. 9 a.m. in london. 4 a.m. in washington and new york. he faces a new lawsuit and unprecedented number of investigations. it ruled the justice department can resume the criminal investigation and review of classified documents seized from his mar-a-lago home and resort during an fbi search. that coming hours after the new york attorney general announced a sweeping lawsuit against three of trump s children and trump himself. they re accused of staggering amounts and they say the disclaimer was included on loan applications. it basically says to an institution. you are going to loan money, you have to make sure you get your own appraisers, own lawyers, everything. these are banks that have the best lawyers in the world, shawn. by the way, they got paid back. just so you know. everything was paid back? nobody got harmed? i never got a default.
and so give those competent to the winter. and so he give those competent to the winter. and so he needed to happen because we did and so he needed to happen because we did not and so he needed to happen because we did not happen and so he needed to happen because we did not happen businesses - and so he needed to happen because we did not happen businesses wouldi we did not happen businesses would have failed we did not happen businesses would have failed and we did not happen businesses would have failed and small we did not happen businesses would have failed and small and we did not happen businesses would have failed and small and medium . have failed and small and medium businesses have failed and small and medium businesses cannot have failed and small and medium businesses cannot afford - have failed and small and medium businesses cannot afford the - have failed and small and medium businesses cannot afford the scale of increase businesses cannot
plus rising prices falling ratings. can president biden win the argument on the us economy with just days to go until the midterm elections? and a pressing crisis. the cost of olive oil set to soar with harvests shrivelled by europe s summer heatwave. hello. we start here in the uk which is now facing the longest recession since records began, a century ago. that was the bleak warning from the bank of england on thursday, as it raised interest rates to 3% to try to dampen down soaring inflation. the bank says the uk economy is already in recession, and could keep declining until the middle of 202a. the pound slumped on the news to its lowest in more than two weeks. here s our economics editor faisal islam. the end of a decade and a half of ultralow interest rates was always going to be difficult, but dealing in mortgages has in recent weeks felt more like the stock market than the housing market. , , stock market than the housing market. , , . ., , market