higher savings for some. in the last half an hour, we've had this reaction to the rate rise from the chancellor, jeremy hunt. well, of course any rise in interest rates is a worry for families with mortgages, for businesses with loans. but underneath that decision is a forecast that says that this time next year, inflation will be 2.8% and we will have avoided recession. what the bank of england governor is saying is that we have a plan that is bringing down inflation lay solidly, robustly and consistently. so the plan is working but what we have to do as a government is make sure we stick to that plan and don't veer around like a shopping trolley. we stick to that plan so that families and businesses can start to feel the benefits of that plan actually working. so, jeremy hunt says the government is sticking to its plan. but this was the reaction — from labour's shadow chancellor, rachel reeves. the government need to take responsibility for the fact that inflation in the uk is much higher than it is in comparable countries. in the us, it is 3%. in the eurozone it is 5.3%. and yet, here in britain, inflation remains stubbornly at 7.9% because of a decade or more of mismanagement by the conservative party. so, that's the political reaction to the interest rate rise. but what will it mean for homeowners with a mortgages and those with loans? here's our economics correspondent, andy verity. for father of two peter, keeping up the payments on his young family's mortgage is looking like anything but child's play. they bought their home under the government's help to buy scheme, but since then interest rates have risen 14 times. when his fixed rate deal expires early next year, his payments will jump. somehow we're supposed to spend less and find £750 extra a month to pay for that. for many families it is a terrifying situation. if you have a young family like ourselves, who have been swayed into the housing market by government who has advertised help to buy as an affordable scheme, right, when things become unaffordable, you can't simply turn around and say, that's your problem. today's rise of 0.25% takes the bank of england's base rate to 5.25%. the effect of that on its own looks modest, less than £24 a month. but because that has now happened 14 times in a row, 800,000 borrowers coming off fixed—rate deals in the second half of this year face startling jumps in their payments. in salisbury, like elsewhere, higher interest rates and tax changes have put landlords off buying more buy—to—let properties. the supply of rented property is not keeping up with demand for it from young renters, forcing up rents, so young people are still trying to buy. you wouldn't think first—time buyers were on the scene, and they are, and i think that is due to the high rents. rents are climbing very, very quickly and first—time buyers are saying, shall we take a mortgage or shall we spend the rent and lose the money? and parents are helping first—time buyers. so the lower end is propping everything else up. the idea behind raising interest rates is that if you make it more expensive to borrow, then people and firms will tend to spend a little bit less, and that will reduce the upward pressure on prices. but it is not even in who it effects. the people hit hardest are those who borrowed the most, who tend to be young people, those who stretched to buy a home, and those who benefit most are net savers, those who have got more saving than borrowing, who tend be older people. low and stable inflation is the foundation of a healthy economy. high inflation hurts the least well off the most. some economists say if you want to fight inflation by reducing excessive spending, you could do it more fairly across the generations, and more effectively, by raising taxes on those who have plenty to spend. i don't think the bank of england is doing the right thing with interest rates. i think they are raising them too fast and too high, and this is causing a lot of pain for people with mortgages and debt, and instead the government should be looking at fiscal measures like price controls and taxing wealth and high income individuals such that they can fund the policies that help people through the cost of living crisis. higher interest rates have already played a role in pulling down high house prices from their peaks, but they will have to fall a lot further to be affordable to most young families. andy verity, bbc news. we will have more on that story a little bit late in the programme, including analysis of where the uk stands compared to the european union and indeed to the united states in terms of the economy inflation and interest rates because that's an interesting comparison to make. to the us next on verified live as security has been tightened in washington ahead of former president donald trump's appearance in court later. he'll be formally charged with plotting to overturn the result of the presidential election in 2020. these are live pictures from outside the court building. reporters have been arriving early to secure a place to watch the proceedings — several hours ahead of mr trump's expected appearance. the 45—page indictment accuses mr trump of knowingly spreading �*pervasive and destabilising lies�* — and threatening american democracy. mr trump's campaign has compared the allegations to persecution in nazi germany. 0ur correspondentjon donnison is outside the court for us now. no, we're not going to cross life. i want to first give you a little bit more background into what's going on because donald trump will be arriving at the courthouse, at about 4pm local time. as i mentioned earlier, the world's media has descended on the courthouse and one of those is our very ownjon donnison. i know you have a good place, you told me earlier, but i'm guessing security is extremely tight. what are we expecting around for pm your time?— for pm your time? security is pretty ti . ht, for pm your time? security is pretty tight. donald _ for pm your time? security is pretty tight, donald trump _ for pm your time? security is pretty tight, donald trump should - for pm your time? security is pretty tight, donald trump should be - for pm your time? security is pretty tight, donald trump should be herei tight, donald trump should be here and around five hours' time from now but we have got a pretty heavy police presence. you can probably hear this one man with a megaphone protest going onjust hear this one man with a megaphone protest going on just in front of the court building. so far, pretty calm. when he does appear, we think it's going to be pretty brief. donald trump had the option of a virtual hearing but we think he is going to appear in person. he is going to appear in person. he is going to appear in person. he is going to be flying in from his golf estate in bedminster, newjersey. when he gets to court, the four criminal charges will be read out to him and he is expected to plead not guilty and then he will be jetting off back to his golf resort and we will be waiting to hear when a trial date might be set. figs will be waiting to hear when a trial date might be set. $5 i will be waiting to hear when a trial date might be set.— date might be set. as i said earlier, there _ date might be set. as i said earlier, there is _ date might be set. as i said earlier, there is heightenedj earlier, there is heightened security. this court appearance, what impact do analysts think this might have on mr trump's potentially potential for running for president in 2024, a negative impact? the latest polls shows it has quite the opposite impact. latest polls shows it has quite the opposite impact-— opposite impact. well, it's certainly — opposite impact. well, it's certainly not _ opposite impact. well, it's certainly not hurting - opposite impact. well, it's certainly not hurting him l opposite impact. well, it's| certainly not hurting him at opposite impact. well, it's- certainly not hurting him at the moment. when you look at the polls for who is going to win at the republican nomination for those presidential elections, donald trump is streets ahead of his nearest rival ron desantis. he is getting a lot of attention over this and the truth of the matter is, most americans have already chosen sites. we were up in pennsylvania, a swing state, which donald trump won in 2020, 2016 sorry, he lost in 2020 to joe biden. whoever has one in pennsylvania in the last four elections has won the presidency. there we found loads of people who have said they were sticking by donald trump. they said all these indictments, all these other court cases he's facing, it was just noise. so, certainly in terms of the republican nomination, he looks almost certain to assure that. he said he will run even in convicted, evenif said he will run even in convicted, even if he goes to prison. for the presidency, it's a bit more nuanced because it's those people who are still on the fence, those people who may be undecided who might be swung one way or the other by these sorts of charges that were hearing about over the course of this week and the weeks and months to come. it's those people who will probably decide the result of the next presidential election. . ~ result of the next presidential election. ., ~ , ., , . election. thank you very much indeed. with _ election. thank you very much indeed. with all _ election. thank you very much indeed. with all that _ election. thank you very much indeed. with all that in - election. thank you very much indeed. with all that in mind, | election. thank you very much - indeed. with all that in mind, let's cross life now. live now to dr lauren wright, who is political scientist, princeton university. let me ask you this, you heard our of ross porter saying in pennsylvania, those who support former president trump to support him whatever and just for them, it's all noise. do you agree with that assessment? he all noise. do you agree with that assessment?— all noise. do you agree with that assessment? ., ~ , ., ., assessment? he makes a great point. renardless assessment? he makes a great point. regardless of — assessment? he makes a great point. regardless of these _ assessment? he makes a great point. regardless of these various _ regardless of these various indictments that we've been talking about, trump's levels of supports nationally have remained remarkably stable in the 50s since april so not much has changed. i don't think that means, though, that hardcore support among republicans which has remained stable and is probably not going anywhere is not the same as the way that the majority of americans feel. there have been certain points in trump's presidency where january six, all of the misconduct after the 2020 election, even after 2022, when he does egregious things, sometimes you can see his overall support slip. just to give you a comparison, when president 0bama left office, his favourable is where about 88% amongst democrats. trump's amongst republicans slipped, very likely because of his actions after election day, from the 80s to the 70s to the mid 60s. so there are so many candidates running in the gop primary and that absolutely benefits the former president. but that doesn't mean there is not some slippage there and a huge liability for republicans if trump is the nominee because he will alienate swing voters and independents. that's the key thing. if you look at the polls now, he is neck and neck with joe the polls now, he is neck and neck withjoe biden if he were to go ahead and be the republican nominee. how would that play out, do you think, in terms of the election? what would a potential trump victory depend on, what are the key things he needs to do to get past the line ahead ofjoe biden? the he needs to do to get past the line ahead ofjoe biden?— ahead ofjoe biden? the campaign would be peppered _ ahead ofjoe biden? the campaign would be peppered with _ ahead ofjoe biden? the campaign would be peppered with all - ahead ofjoe biden? the campaign would be peppered with all of - ahead ofjoe biden? the campaign l would be peppered with all of these court cases and i cannot see that helping trump. in the united states, to win a national election, you must appeal to moderate republicans. that's got him into office in the first place. you must appeal to independents and some conservative democrats who aren't happy with biden. with that said, it's absolutely remarkable thatjoe absolutely remarkable that joe biden�*s absolutely remarkable thatjoe biden�*s approval is 41% right now. that's exactly what trump's is. by the way, that's exactly what trump's was in 2019 heading into the 2020 election. so, that is a huge task for democrats. they must make the case that we can't have this person in office again and it's a danger. but on the other hand, they have to defend their policy record which is very unpopular, especially on the economy and that leaves an opening for republicans, whether it's trump or someone else. if for republicans, whether it's trump or someone else.— or someone else. if one was a republican — or someone else. if one was a republican who _ or someone else. if one was a republican who doesn't - or someone else. if one was a republican who doesn't want l or someone else. if one was a - republican who doesn't want trump, what would be the tactic? what could republicans do if they don't want trump? i republicans do if they don't want trum - ? . , republicans do if they don't want trum - ? ., , ., republicans do if they don't want trum - ? . , ., , trump? i mean, they need to be reaponsible _ trump? i mean, they need to be responsible about _ trump? i mean, they need to be responsible about this _ trump? i mean, they need to be responsible about this field. - trump? i mean, they need to be responsible about this field. ten | responsible about this field. ten candidates on a debate stage is too many. primary debates are really important because candidates distinguish amongst themselves and it's very hard if you are not a celebrity candidate like trump and i wrote a book about how trump's celebrity status and his entertainment skill set propelled him to the 2016 nomination in the first place. that risk is very real, but we have republicans running who are polling at i% to 5% who don't have a realistic chance of being the nominee who perhaps want to be trump's running mate or someone else or get a cabinet post. and so, if the republican party is serious about beating trump, they must coalesce around another alternative, sooner than later. but what i see watching this is exactly what happened in 2016. it's too many people. voters are not paying close attention yet and they have trouble distinguishing amongst this field of candidates whose policy ideas are very, very similar.— candidates whose policy ideas are very, very similar. thank you very much indeed. _ very, very similar. thank you very much indeed. we _ very, very similar. thank you very much indeed. we are _ very, very similar. thank you very much indeed. we are showing - very, very similar. thank you very | much indeed. we are showing you very, very similar. thank you very - much indeed. we are showing you the live shot of that courtroom in washington where former president trump will be appearing in just a few hours' time. we will have all the very latest here on bbc news. i will bring you some breaking news to do with the trial of lucy letby. she is charged with murdering seven babies and attempting to kill a further ten between june babies and attempting to kill a further ten betweenjune 2015 babies and attempting to kill a further ten between june 2015 and 2016. we are hearing in the last few minutes that a juror in the trial of the accused nurse has been discharged by the trialjudge. the judge said thejury discharged by the trialjudge. the judge said the jury member was discharged by the trialjudge. the judge said thejury member was being described or discharged for what he described or discharged for what he described as good personal reasons, that it was not possible for the person to continue. he thanked the jury person to continue. he thanked the jury memberfor their person to continue. he thanked the jury member for their service on the trialfor the last ten jury member for their service on the trial for the last ten months. the jury trial for the last ten months. the jury are now sent out to continue their deliberations. the remaining jurors will stop and they will continue their deliberations, which started back onjuly ten. they have been discussing the case at manchester crown court. that's been more than 60 hours of deliberations by thejurors. just to more than 60 hours of deliberations by the jurors. just to bring you up—to—date on that, one of those jurors has now been discharged, the remaining 11 will continue their deliberations on friday. but coming into us from manchester crown court. more on that story as and when we get it here on bbc news. around the world and across the uk, you are watching bbc news. let's look at some other stories making news. homeware retailer wilko has warned that is heading towards administration. the business, well—known for its affordable everyday items, employs 12,000 people, has around 400 stores across britain. it says it's facing mounting cash pressures, and has taken the difficult decision to seek administrators as it tries to secure a rescue deal. last month the number of people heading out to the shops fell for the first time in 14 years as the uk grappled with one of the wettest months on record. analysis firm, springboard, says overall footfall was down by 0.3%, the first drop injuly since 2009. high streets were hit hardest but shopping centres and retail parks got a boost in visitor numbers. police investigating the disappearance of a woman have released cctv of her — in an attempt to find her body. a murder investigation was launched after 48—year—old fiona holm was reported missing in london by her family onjune 29th. you're live with bbc news. back now to the bank of england's rate increase. the cost of borrowing it now stands at 5.25%. let's talk to jumana saleheen, chief economist and head of investment strategy at vanguard. thanks so much forjoining us. let me ask you first of all, what is happening here with the bank? what is it that the bank is trying to achieve? many people are worried it's gone too far.— achieve? many people are worried it's gone too far. thanks for having me. yes, it's gone too far. thanks for having me- yes. the _ it's gone too far. thanks for having me. yes, the bank _ it's gone too far. thanks for having me. yes, the bank of _ it's gone too far. thanks for having me. yes, the bank of england - it's gone too far. thanks for having i me. yes, the bank of england raised rates today and the reason why it has done that is because inflation in the uk is still very high. so headline inflation is close to 8% and core inflation, if you strip out the volatile elements of food and energy, isjust under 7%. the bank's target is 2% and it needs to get inflation back to target and that's why it needed to raise rates today. is it the right thing to do? well, i think, you know, there is some debate over the policy mistakes that are possible on both sides. is it the right thing to do? we think it's the right thing to do? we think it's the right thing to do because in order to get inflation back to target, we need a couple of more rate hikes are going to be necessary. inflation is proving to be sticky around the world, notjust in the uk. be sticky around the world, not 'ust in the uk. �* . be sticky around the world, not 'ust in the uk. �*, ., ~ ., , in the uk. let's talk a little bit about inflation, _ in the uk. let's talk a little bit about inflation, inflation - in the uk. let's talk a little bit about inflation, inflation in - in the uk. let's talk a little bit| about inflation, inflation in the in the uk. let's talk a little bit- about inflation, inflation in the uk is uniquely high compared to other countries. not all other countries, but i'm talking about specifically the us, where inflation is at 3%, european union, 5.3%, but here in the uk- 7.3%. what is it that uk is doing wrong? why we sing stubbornly high inflation compared to other big economies? ., �* . high inflation compared to other big economies? ., �* , ., high inflation compared to other big economies? ., �*, ., ., , economies? that's a really good auestion economies? that's a really good question and _ economies? that's a really good question and there's _ economies? that's a really good question and there's really - economies? that's a really good question and there's really two i question and there's really two reasons why inflation in the uk is higher than the us and europe. and that's because we are a little bit like, we've kind of got the worst of both worlds. we like the us in that we have a tight labour market, unemployment at historic lows and that's creating a higher wage growth and that high rage growth is keeping inflation up. —— high wage growth. you might say wise inflation in the us that is low and i think the uk and europe have had inflation peak later. so, our peak was six months after the us. us soul really high inflation middle of last year where it was eight or 9%, but we didn't see that until the end of the year so if you think about it, the cycles are not synchronised. 0ur cycle has come a little bit later and we've been more exposed to the energy price shock that's been a result of the war in ukraine. it’s price shock that's been a result of the war in ukraine.— price shock that's been a result of the war in ukraine. it's so good to talk to you — the war in ukraine. it's so good to talk to you and — the war in ukraine. it's so good to talk to you and to _ the war in ukraine. it's so good to talk to you and to get _ the war in ukraine. it's so good to talk to you and to get your - talk to you and to get your insights, thank you so much. thanks for havin: insights, thank you so much. thanks for having me- _ what a day it's been at the women's world cup. after two big teams, brazil and canada exited, two—time champions germany were knocked out today, in what is one of the biggest shocks of the tournament. they were held to a draw by south korea in their final group stage game. i want to show you some of the pictures of germany fans watching the game in berlin. as you can see quite a few glum faces. to put this into context a bit this is the first time in germany's history that they have failed to reach the knockout stages. in the other game debutants morocco beat colombia 1—0. that result meant both sides booked their spot into the last 16. let's get more now with our sports reporter, mimi fawaz. one of the biggest shocks of the tournament germany out? absolutely unbelievable. coming into this competition, they were one of the favourites. let's not forget that they made it through to the final of the euro is against england just a year ago. they are the second ranked team in the world so many people expected them to at least go very far in the competition. as you mentioned, it's the first time that they've failed to get out of the group stages. defensive weakness in this match is what actually prevented them from getting through, but it's not a result that many people saw coming. i’m but it's not a result that many people saw coming. i'm seeing some ve sad people saw coming. i'm seeing some very sad german _ people saw coming. i'm seeing some very sad german fans _ people saw coming. i'm seeing some very sad german fans in _ people saw coming. i'm seeing some very sad german fans in shock - people saw coming. i'm seeing some very sad german fans in shock now. | and what did that mean for morocco? debutants in this tournament. morocco were one of the eight debutants coming into this competition and they are the only one that i've made it through to this knockout stages. it's a historic moment for the country and us well for the whole of africa. them making it through to the next round of the competition, what's so interesting about their story is the fact that germany was their opening match and they thrashed morocco 6—0. but it's morocco who are going through as runners—up in the competition. morocco have invested so much in the women's game, they put on a four—year plan in 2021 to make sure that they could qualify for the tournament for the first time and that also the first time an arab country has qualified for the competition. so it's a very big moment. one of the big games to look forward to in the knockout stages is england v nigeria? what are we thinking? that's going to be a very tasty thai. i can tell you that a lot of people are already talking about that match. nigeria where the first african country in this competition to book their spot into the knockout stages and england have been having incredible momentum in their last couple of matches. after recovering from their shaky start in their first match against haiti. we have seen laurenjames coming into her own in the competition. the previous game, getting two goals and three assists. nigeria really have been really resilient in this competition. let's not forget that they had a goalless draw in their opening match against the olympic champions canada and as well, beating the co—hosts australia in that exciting finish. the five—time african footballer of the year getting the winner and two times champions league winner play for barcelona. i expect a very hard—fought for barcelona. i expect a very hard —fought battle for barcelona. i expect a very hard—fought battle on monday. i expect it to, thank you very much indeed. staying with football. birmingham city here in the uk got a bit of a shock when they woke up this morning. the club shared this video from an american football legend. have a look. here's the deal, i'm officially coming on board at birmingham city football club. may be asking, what do you know about english football, tom? let'sjust do you know about english football, tom? let's just say, do you know about english football, tom? let'sjust say, i got a lot to learn. yes that is nfl legend tom brady — and as a tease to keep you watching verified live — we will explain all in the next half an hour. before we go, let's give you a couple of other stories. this one is quite fascinating scientists say a prehistoric whale discovered in south america could be the heaviest animal to ever exist on planet earth. heavy, not big. the mammal could have weighed 200 tonnes, that's more even than the very largest blue whales of today. 18 of its bones were found in a desert region in southern peru. before we 90, region in southern peru. before we go, we're not going to leave you with whale pictures, i think we can take you to washington. i want to show you what's happening there. the reason is, all of us and the world's media, are waiting with bated breath because former president donald trump is due to appear here today at this washington court house in just a few hours' time where he will be officially charged with plotting to overturn, allegedly plotting to overturn, allegedly plotting to overturn, his election defeat in 2020. the security is so high right now, the correspondence from across all the world's media are waiting for some it is about 4pm local time we are expecting it, that's about 8pm gmt. we will have all the latest coverage here on the bbc. stay with us here on bbc news. hello there. the weather is not looking too bad over the next couple of days, generally sunshine and showers knocking around. however, as we head into saturday, it's going to turn very wet, particularly so across northern ireland, england and wales. and bear in mind parts of the south of the uk, even though we're only three days into the new month, have already had a third of the average rainfall. there's more on the way, as i say. today is an ok day, though. sunny spells and passing showers. the showers probably most frequent across parts of the midlands running into eastern england. quite a few showers for northern ireland, but they'll tend to be quite light and i suspect the showers become a little bit less widespread for wales and south west england. so more in the way of dry weather here increasingly through the afternoon. so some of you will stay dry with sunny spells coming through from time to time overnight. a few more showers will keep going, particularly around coastal areas overnight and especially across northeast england, north and east scotland. temperatures about 11 to 14 degrees overnight. and then tomorrow, yeah, it's another showery kind of day. however, as we head into the afternoon, the showers will want to concentrate in one area especially, and that's across eastern england. that's because we've got one of these convergence zones where the winds bash together. it will concentrate the showers here. but if you're away from that, for example, across wales, western england, parts of northern ireland, west scotland, it should be largely dry tomorrow afternoon with some fairly decent sunshine coming through, but temperatures still a bit below par for the time of year. it's through friday night and into the weekend that we've got our next batch of really wet weather to come through. also very windy, too. now the heavy rain will initially start off in northern ireland. quite gusty winds here for a time too, before it works in across england and wales, especially as we go through saturday. and with gusts of wind around 50 or 60 miles an hour across parts of wales, 40 to 50 miles an hour or so for parts of southern england, could bring some localised disruption. then we've got the heavy rain too factor in as well. now it won't be raining everywhere all the time. across scotland it'll be ok. sunny spells here a few passing showers, but the unsettled theme does continue, i'm afraid, through sunday and into the early part of next week as well. however, after that, it looks like we'll see our first area of high pressure building in for some seven weeks, and come thursday, might only last a day or two, it looks like we'll see something drier, sunnier and warmer. temperatures in the warmest spots could reach the high 20s or even low 30s. this is bbc news, the headlines: the bank of england raises interest rates to 5.25% — the highest for fifteen years — in an attempt to curb inflation. donald trump faces another day in court. he'll be formally charged with plotting to overturn the result of the 2020 presidential election. and five people are arrested after greenpeace activists climbed on to the roof of prime minister rishi sunak�*s house in yorkshire. and — freddie mercury fans are in full rhapsody—mode as a new exhibition promises �*a kind of magic�*. time for a look at the business news now with ben. thank you very much. i am making no comments about the pun in the last headline, if you missed it, she said this is a kind of magic. we start in the uk where — as we've been hearing — the country's central bank has made its latest move to tame rising prices. once again, it's hiked the cost of borrowing — in a widely predicted move — by 0.25%. bringing the main base interest rate up to 5.25%. it's designed to tackle inflation — which has started to ease — but consumer prices are still rising at almost 8% a year. that's still four times the bank's target. the idea is that by raising the cost of borrowing — it makes people poorer, less likely to go out and spend, and that eases demand, meaning — in theory — that prices fall. but it's a tricky balancing act to perform — reining in inflation without hurting the economy too much.