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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
holding last-ditch talks tonight fighting to win the speaker s job. we ll tell you who s been heading into his office. also, the suspect in the brutal stabbing deaths of four college students is expected in court tomorrow. authorities seeking his return to idaho to face first degree murder charges, even as they remain silent about a possible mo motive. a deadly new year of war in ukraine. russia suffers today what may be the biggest loss of life since the start of the invasion. ukraine claiming a major strike against russian forces as moscow unleashed a fresh barrage of missiles and drones, including in kyiv. welcome to our viewers in the united states and around the world. i m wolf blitzer. you re in the situation room. we begin with a very big cloud of uncertainty hanging over republican kevin mccarthy s bid to be the next speaker. lawmakers will vote tomorrow on whether kevin mccarthy should hold one of the most powerful positions in washington that puts him second
florida and will meeting with governor desantis to put their differences to help hurricane ian victims get back on their feet. we have you covered with a void in fort myers with the latest on that meeting. steve, the recovery is just beginning. the white house john kirby and where these recovery efforts are going. welcome, everybody, a very, very busy news day and something rare you seek cooperation from both sides of the aisle because the people in florida demanded it but more to the point, the leaders offered it. momentarily. let s go to nate boyd in fort myers with more. good afternoon, neil a cordial vision cor to mike visit between president biden and governor ron desantis and over s over into fort myers beach. they were there recently and the president just left under an hour ago at this point and you mentioned it was cordial. the president said he has done a good job responding to this hurricane but governor desantis is very thankful of the government assistance he r