Our Middle East correspondent, lucy williamson, has just sent this update from jenin. There are israeli jeeps, israeli armoured vehicles moving around the entrance tojenin s Government Hospital behind me. You can see an ambulance coming through now as well. The Hospital Entrance Isjust behind this Army Vehicle here. Staff inside the hospital say that since last night, the army has surrounded the building. And is searching anyone who wants to leave. This street, deserted now, one of the main roads through the town, has seen this kind of activity so many times since the hamas attacks last october. But this operation, looks a bit different, it is a part of a wider, coordinated operation across the northern West Bank. These kinds of operations going on in several cities. What is not entirely clear at the moment is why this operation is taking place now. The kind of extensive operation that People here havent seen in decades. Israels Foreign Minister says it is a Counterterrorism Operation
Higher savings for some. In the last half an hour, weve 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 dont 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 labours shadow chancellor, rachel reeves. The government need to take responsibility for the fact that inflation in the uk is much higher
interest rates have gone up by three quarters of a percentage point, the biggest increase for more than 30 years. it pushes the base rate up to 3%, as the bank of england tries to control inflation. it s the eighth rise in a row, meaning higher mortgage bills for many homeowners. meanwhile the bank has also warned the uk could be on course for its longest recession since reliable records began, over a century ago. our economics correspondent, andy verity, reports. it is the biggest interest rate rise in a third of a century. the cost of living has been rising at its fastest rate for a0 years for global reasons but the bank of england is trying to prevent runaway inflation from becoming embedded in the domestic economy. these are big changes, they have a real impact on people s lives, so why are we doing it? and why are we doing it now when so many people are already struggling with higher energy and food prices and other bills? quite simply we are increasing the bank rate bec