the government confirms it is supplying ukraine with the long range missiles it requested for its fight against russian forces. and the australian immigration lawyer taking on eurovision tonight. at 6.30: concerns of how the cost of living crisis will make access to health care worse in london s poorest areas. and rail strikes make an unwelcome return tomorrow. we look ahead to semifinals. the bank of england has raised interest rates again, as it tries to stop prices rising so high. but the bank s governor has warned that prices will not fall nearly as fast they had predicted though he says the economy won t now go into recession. have a look at what has happened to interest rates over the past 15 years. these here were booming times before the financial crash. the economy was growing, there was a house price boom and the bank raised rates to try to damp it all down. and then this steep fall after the crash, with the bank of england trying to save the economy by slashing
let s start in the us where some of the worlds leading money managers are warning the collapse of another american bank could lead to a credit crunch and an economic slowdown. constrained lending as a result of stricter banking regulation could stifle credit to the us economy at a critical time. we ll get an expert view on this in a moment but first here s my colleague samira hussain on the collapse of first republic. as of monday, first republic customers turning up at their bank are in fact customers ofjp morgan chase. the signs above will soon change. first republic had been under pressure since the collapse of silicon valley bank and signature bank two months earlier. last week, first republic revealed deposited had removed $100 million in the space of a few months. customers feared their money was not safe. investors became convinced that it too was about to fail. riding to the rescue of america s distressed financial system, the boss of america s biggest bank, jamie dim
with over two thirds of councils yet to declare there is still a long way to go. hello, i m maryam moshiri live in westminster as results from yesterday s local elections across england come in. rishi sunak s conservative party have lost over 200 council seats across the country, something he has described as disappointing . labour have taken control of plymouth, stoke on trent and taken medway in kent from the conservatives among their top target councils. and the liberal democrats have also picked up seats and taken control of windsor. their leader saying the results are ground breaking . there is still a long way to go as more than two thirds of councils have yet to declare their results. we ll bring you coverage throughout the morning and analyse what the results so far mean. but first let s get the story of the night from our political correspondent jonathan blake. cheering. celebrations in stoke on trent a key victory for labour overnight. they took control of the c