interest rates have gone up by three quarters of a percentage point, the biggest increase for more than 30 years. it pushes the base rate up to 3%, as the bank of england tries to control inflation. it s the eighth rise in a row, meaning higher mortgage bills for many homeowners. meanwhile the bank has also warned the uk could be on course for its longest recession since reliable records began, over a century ago. our economics correspondent, andy verity, reports. it is the biggest interest rate rise in a third of a century. the cost of living has been rising at its fastest rate for a0 years for global reasons but the bank of england is trying to prevent runaway inflation from becoming embedded in the domestic economy. these are big changes, they have a real impact on people s lives, so why are we doing it? and why are we doing it now when so many people are already struggling with higher energy and food prices and other bills? quite simply we are increasing the bank rate bec
as she was driving home. the exam board pearson has apologised after some btec students did not receive their results as expected last thursday, throwing university places into doubt. and if you havejustjoined us, a warm welcome to bbc news. we begin at this hour with the strike at felixstowe port. dockers at britain s largest container port, felixstowe, have gone on strike for the first time in three decades. almost 2,000 workers are taking part in the eight day action, after rejecting a 7% pay offer. there are warnings that the strike will cause disruption to supply chains for shops and other retailers half of britain s container trade goes through the port in suffolk. the government says supply chains are resilient. here s our business correspondent mark ashdown. the summer of strikes has reached felixstowe docks. these workers would normally be making sure essential goods find their way to households, but today, 1,900 members of the unite union are starting an eight day
vossoughian. it is good to see you, thanks for sticking around. 17 days to go everybody before the midterms and millions of people have already voted. and exclusive interview, the president has a message for republicans ahead of an election that will determine the course of the next two years in office. i ve a platform other than tear down what i ve been able to do, what we ve been able to do. i don t know what they are for. i m going to talk to a former presidential candidate william castro about what candidates need to do. also this hour, the new details emerging about the documents that donald trump is desperately trying to hold on to. and florida s don t say gay bill, it might go national if republicans get their way and the impact on the lgbtq community would be devastating. that story is head. i want to get right to the exclusive interview with president biden regarding the midterms. nbc s josh fetterman is on this for us from delaware where the first family is this
international where one airline is reeling flights in. kelly o grady in los angeles where folks are saying the hell with it all and hitting the road instead. welcome. i m neil cavuto. this is your very crowded world today. doesn t casey stegall know it in dallas. casey? yeah, neil. it s been so busy all day long. we got here at 7:00 a.m. local time. steady streams of people. nothing insane. no lines out the door or anything like that. the folks at aaa says that this fourth of july is expected to be the second and busiest in terms of travel since 2000. so more than 20 years, if you can believe that. almost 48 million americans venturing out over the next couple days. for air travel, it s 3.5 million. that s the project, which is a little higher than last year according to aaa. only time will tell whether those holiday passengers will further bog down the airport and the airlines. as of this hour, i just did a quick check. more than 3,900 delays and 374 cancellations are repo
no matter where you hide, if you are a threat to our people, the united states will find you and take you out. there are hundreds of unaccounted for people minimum. it was all water surrounding us. it was very scary. dramatic warning from china after sources confirm that nancy pelosi will visit taiwan during her trip to asia. there is no reason for beijing to turn a potential visit consistent with long standing u.s. policy into some sort of crisis of conflict. it is tuesday, august 2, 9:00 a.m. in london, 4:00 a.m. in washington. joe biden claiming a major win in the war on terror after a drone strike killed ayman al zawahiri. the 71-year-old took over as leader of the terror group after u.s. navy s.e.a.l.s killed bin laden in 2011. he was involved in planning the 9/11 attacks and as well as the u.s. embassy bombings in kenya and tanzania. the drone strike happened sunday morning local time in that afghanistan after months of surveillance and planning, two hell