this week you have told people it is going to be ok. do you understand why people looking at their mortgage bills, shopping bills, worrying about keeping the roof over their heads, they will listen to you and think, it is not going to be ok for me ? i have never said it is not challenging, i have never said it will not be a difficult time to get through, but i want to give people the reassurance and confidence is that we have a plan, the plan will work and we will get through this. that is exactly what people should be hearing from their prime minister and government. but with interest rates already at a 15 year high and more rate rises likely from the bank of england, there are fears this could push the uk into recession. there isn t an alternative to stamping out inflation. is there an alternative to putting up interest rates? that is one component of what we need to do to tackle inflation, that is what the bank of england s responsibility is. my responsibility is to manage the gove
for millions of homeowners if the government stuck to its plan. here s our political correspondent, tony bonsignore. soaring food prices, sky high energy bills, rents and mortgages going through the roof. today the prime minister again sought to calm growing fears about the state of the economy. this week you have told people it is going to be ok. do you understand why people looking at their mortgage bills, shopping bills, worrying about keeping the roof over their heads, they will listen to you and think, it is not going to be ok for me ? i have never said it is not challenging, i have never said it will not be a difficult time to get through, but i want to give people the reassurance and confidence we have a plan, the plan will work and we will get through this. that is exactly what people should be hearing from their prime minister and government. but with interest rates already at a 15 year high and more rate rises likely from the bank of england, there are fears this could push
for millions of homeowners if the government stuck to its plan. here s our political correspondent, tony bonsignore. soaring food prices, sky high energy bills, rents and mortgages going through the roof. today the prime minister again sought to calm growing fears about the state of the economy. this week you have told people it is going to be ok. do you understand why people looking at their mortgage bills, shopping bills, worrying about keeping the roof over their heads, they will listen to you and think, it is not going to be ok for me ? i have never said it is not challenging, i have never said it will not be a difficult time to get through, but i want to give people the reassurance and confidence we have a plan, the plan will work and we will get through this. that is exactly what people should be hearing from their prime minister and government. but with interest rates already at a 15 year high and more rate rises likely from the bank of england, there are fears this
as inflation stays stubbornly high, it s notjust your shopping bills increasing. in the last two weeks , the average fixed rate mortgage has become £400 a year more expensive. on top of that, it s predicted the bank of england will raise interest rates higher still. this has prompted many lenders to raise mortgage rates and remove some offers entirely. 0ur economics editor faisal islam looks at what this means for home owners and also people renting. up until a fortnight ago mortgage rates were settling, as the peak in bank of england interest rates was widely assumed to be here after 12 rate rises. indeed the latest set of figures on the rate of price increases showed inflation below 10% for the first time since last autumn. but those figures were quite bad actually because the underlying rate of inflation across the economy taking out direct energy and food actually went up and this is what the bank of england is most concerned abou when it sets interest rates. so, pretty suddenly
sharratt and also faced stiff resistance. translator: this reform is at a time when there is a lot of anger and fatigue. it comes at the worst time with living standards down and cost of living up. for some people, shopping bills are up by 20% or 30% and rent hasn t fallen. and all of that creates a climate of tdefiance. reporter: largely peaceful but also anger with more than 70 people detained last time. melissa bell, dcnn, paris. a four day workweek? the u.s. state talking about trying it. coming up, freezing rain and plunging temperatures already causing nearly 1,000 flight cancellations across the country. with leading ultra-capacity y g coverage. t-mobile for b business has 5g that s ready right now. my most important kitchen tool?