From 5 to 5. 25 . And for the first time, its suggested that rates will stay higher for longer in an attempt to drive down stubborn inflation the rising cost of goods and services by reducing the amount of money we have to spend. Although todays increase means Borrowing Costs are at their highest level since 2008, it follows an era of unprecedented low rates. In previous decades, rates were much higher we can see here that in the 1980s rates got up to 18 before gradually falling. The bank today cut its forecast for economic growth, though it said the uk will avoid a recession. In a moment, well hearfrom savers, as well as families trying to cope with increasing costs, but first, heres our Chief Economics correspondent dharshini david. From cafe says customers may resist rate as higher mortgage and rent payments bite, to Estate Agents grappling with a sagging housing market, the hit from Interest Rates is clear. But for a very small minority, that impact is Life Changing. Minority, that
Start by the beginning of next week. Reuters News Agency Says hamas has received a draught proposal from Gaza Truce Talks in paris which includes a 40 day pause in all Military Operations and the exchange of Palestinian Prisoners for israeli hostages at a ratio of ten to one. As negotiations between hamas and israel continue, President Biden has said israel has agreed in principle not to engage in military activities in gaza during the muslim holy month of ramadan. Heres the us president speaking late on monday. Reporter can you give us a sense of when you think that ceasefire will start . Well, i hope by the beginning of the weekend. I mean, end of the weekend. My National Security adviser tells me that were close. Were close. Not done yet. And my hope is by next monday well have a ceasefire. In the hours after that statement, President Biden also appeared on Late Night With Seth Meyers on nbc, where he said israel has agreed in principle not to engage in military activities in the ga
In 2009, South Carolina governor mark sanford was a Republican Rock Star his reputation as a Budget Slashing Deficit Hawk family man had the gop betting on him to beat obama in 2012 until he became a missing person. The search for sanford through his office into chaos and turned up a secret love affair and a bizarre set of lies that coined the phrase to hike the Appalachian Trail but it also revealed something deeper how even the most tightly controlled political persona can mask the messy, imperfect reality of a human being and counterintuitively, when the world was crashing down around him, bearing at all might have been the savviest political move of mark sanford career its monday night. Do you know where your governor is . Thats what the citizens have. South carolina are wondering where in the world is our governor of Mystery Tonight in South Carolina . The states governor, mark sanford disappeared for days. Governor alert. The search for mark sanford in june 2009, South Carolina g
In 2009, South Carolina governor mark sanford was a Republican Rock Star his reputation as a Budget Slashing Deficit Hawk family man had the gop betting on him to beat obama in 2012 until he became a missing person. The search for sanford through his office into chaos and turned up a secret love affair and a bizarre set of lies that coined the phrase to hike the Appalachian Trail but it also revealed something deeper how even the most tightly controlled political persona can mask the messy, imperfect reality of a human being and counterintuitively, when the world was crashing down around him, bearing at all might have been the savviest political move of mark sanford career its monday night. Do you know where your governor is . Thats what the citizens have. South carolina are wondering where in the world is our governor of Mystery Tonight in South Carolina . The states governor, mark sanford disappeared for days. Governor alert. The search for mark sanford in june 2009, South Carolina g
In 2009, South Carolina governor mark sanford was a Republican Rock Star his reputation as a Budget Slashing Deficit Hawk family man had the gop betting on him to beat obama in 2012 until he became a missing person. The search for sanford through his office into chaos and turned up a secret love affair and a bizarre set of lies that coined the phrase to hike the Appalachian Trail but it also revealed something deeper how even the most tightly controlled political persona can mask the messy, imperfect reality of a human being and counterintuitively, when the world was crashing down around him, bearing at all might have been the savviest political move of mark sanford career its monday night. Do you know where your governor is . Thats what the citizens have. South carolina are wondering where in the world is our governor of Mystery Tonight in South Carolina . The states governor, mark sanford disappeared for days. Governor alert. The search for mark sanford in june 2009, South Carolina g