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Transcripts For BBCNEWS Newscast 20240707

flanders and claire barrett. we have got stephanie flanders from bloomberg economics on the podcast. hello. hello, hello. and another friend of the podcast, claer barrett, from the financial times. thank you for having me. i m glad you re here, so, interest rates at 3%, stephanie. gives a sense of how that feeds into real lives. in gives a sense of how that feeds into real lives. into real lives. in terms of money that into real lives. in terms of money that is into real lives. in terms of money that is about - into real lives. in terms of money that is about 2 - into real lives. in terms of. money that is about 2 million people in the country who are on a variable rate the biggest since the 80s or 90s depending on who you believe. and for somebody with the average size mortgage, that is going to add nearly £80 a month or £1000 a year, just from today s rise, but of course, that is the eighth rise we have had in succession from the bank of england. there is more pain t

Bbc newsNews storiesStudio increaseInterest ratesBank of englandStephanie flandersExpert helpClaire barrettBloomberg economicsMoney isn tClaer barrettReal lives intoTerms of2 millionSize mortgageOrjeremy hunt the chancellor

Transcripts For BBCNEWS Newscast 20240707

2 million people in this country who are on a variable rate mortgage who will immediately see the impact of that 0.75% rise we have had today. the biggest since the 80s or 90s depending on who you believe. and for somebody with the average size mortgage, just from today s rise, but of course, that s the eighth rise we have had in succession from the bank of england. there s more pain to come for around 2 million people you roll off their mortgage fixed rates next year. they might see an even bigger rise because they re on a really low rate now and it ll probably be higher than it is next year, so again, somebody with the average size mortgage, they can expect to pay around £250 more per month, or £3000 a year, and that s based on a mortgage of 130,000 so obviously if you have a bigger mortgage, you will have bigger repayments. trying to work out from listening to the various contributions we ve heard today, whether it be andrew bailey at the bank of england orjeremy hunt

Stephanie flandersExpert helpBloomberg economicsInterest ratesClaer barrettAren tMoney isn tRate mortgage2 million0 75Bank of englandSize mortgageIget itOrjeremy hunt the chancellorAndrew baileyLabour market

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DJ s Cat Harvey and Ewen Cameron s charity quiz book tops bestseller list

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Transcripts for BBCNEWS Newscast 20240604 01:42:00

i got my voucher and we haven t had a prepayment meter for 20 years. so i worry about the accuracy of who it has been sent to. so their it might be a bit creaky and that has a knock on effect on people s lives. these are the ones who need the cash. i don t need the cash. donate the rebate, that s a campaign that has been started. give it to a fuel poverty charity if you don t need the money. claer, thank you for giving us your thoughts tonight. thank you for having me. and lovely to see you as well, stephanie. thank you. now we re joined by comedian, writer, actor and, iwant to say american, rob delaney! you may. but you ll be able to hear that he s american. hi, guys. we know you from watching shows like catastrophe, where you make us laugh. like, this afternoon you were making me quite sad because i was reading your wee book, a heart that works. it s about the death of your very young son henry. yeah. i m finding it hard to summarise it, because i think anything i say will be really

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