very quickly and first time buyers are saying, should we take a mortgage or should we spend the rent and lose the money? and parents are helping the first time buyers, so the lower end is propping everything else up. but the bank of england hopes that raising interest rates will bring down demand in the wider economy as it tries to slow the rise in the cost of living just enough without causing a period of decline. hannah miller, bbc news. rising interest rates, the wet weather and industrial action on the railways are thought to be behind a reduction in the number of people visiting high street shops, retail parks and shopping centres last month. the analysis firm, springboard, says it is the first time since 2009 that footfall has gone down between june and july. our business correspondent emma simpson has more. it s turning into a soggy old summer.
and lose the money? and parents are helping the first time buyers, so the lower end is propping everything else up. but the bank of england hopes that raising interest rates will bring down demand in the wider economy as it tries to slow the rise in the cost of living just enough without causing a period of decline. hannah miller, bbc news. interest rates having an impact on high streets as well? last month there was a fall in the number of people visiting high street shops, retail parks and shopping centres. the analysis firm, springboard, says it is the first time since 2009 that footfall has declined between june and july. rising interest rates, the wet weather and industrial action on the railways are thought to be responsible. our business correspondent emma simpson has more. it s turning into a soggy old summer. and when the weather s grim, that s not great for our high streets. here in london s most
famous shopping street, plenty are still braving the rain to shop. if i was a tourist, i guess i d be spending all my time in the shops. i m from ireland, so we have to shop in the rain all the time as well. so it s ok. we re happy. yeah, we re happy. so embrace it. that topsy turvy summer weather is having an impact on footfall. june was the hottest on record, driving a 3.7% monthly increase in visitors across high streets, retail parks and shopping centres, the biggest increase in anyjune since 2009 when the research began. in july, another record. for the first time footfall was lower thanjune, down by 0.3%, driven by a fall in shoppers out on the high streets across our towns and cities. july really has been the perfect storm for high streets and for retail destinations, literally in many ways. not only have we had a huge amount of rain, but also we had an overtime ban
stories making news police investigating the alleged murder of a woman have released cctv of her in a bid to find her body. a murder investigation was launched after 48 year old fiona holm was reported missing in london by her family on 29june. officers believe she was killed up to nine days earlier. last month, there was a full. in the number of people visiting high street shops, retail parks and shopping centres. the analysis firm, springboard, says it is the first time since 2009 that footfall has declined between june and july. rising interest rates, the wet weather and industrial action on the railways are thought to be responsible. and a reminder about interest rates a decision is expected at midday the bank of england. we ll be live in the city of london when the decision is announced.