The day. Most of those up towards the North And West and the changes will start tonight and through the day tomorrow. Cold fronts weeping southwards and eastwards, just opening the release will proceed tomorrow, despite party unease. Number 10 says it has no choice but will these judgements define the prime Minister And Chancellor for years to come . Welcome to newsnight, the home of insight, interviews, and tonight, insistence, from the chancellor, Rachel Reeves, that there will be no compromise on her decision to axe the universal Winter Fuel payments for pensioners. She points towards figures due out in a few hours time that would mean a further above Inflation Increase in the State Pension. Our Panel Tonight kezia dugdale, leader of the scottish Labour Party between 2015 and 2017. Sir conor burns, who was a trade and northern Ireland Minister under Boris Johnson and liz truss. Nick was outside the meeting of Labour Mps who heard from the chancellor a few hours ago. And barry gardin
donald trump dismisses the woman who won a sexual assault case against him as a whackjob as he again claims he s the victim of a political vendetta. and from defending human rights on television to rocking out at night at eurovision, the lawyer turned pop star representing australia. and coming up on bbc news, west ham look to reach their first european final in 47 years as they take on az alkmaar in the first leg of their european conference league semifinal. good afternoon and welcome to the bbc news at one. interest rates are at their highest in 15 years, after the bank of england raised them to 4.5%, making it more expensive to borrow but better for savers. the increase is an attempt by the bank of england to curb people s spending and bring down inflation that s the rate at which prices are rising which was just over 10% in march. but the bank also upgraded the prospects for the uk economy now no longer forecasting the economy will shrink but grow modestly over t
4.5%. risen by a quarter of a percent, that is from our economics editor, faisal islam, who has tweeted that. just getting that information in that, as expected, interest rates in the uk are now at 4.5%, up from 4.25%, a quarter rate rise. 0ur cost of living correspondent is watching these developments for us, kevin, news that will impact on so many people s lives for their mortgages and make life just that bit more difficult as they have seen those rate rises so many times, for the 13th time in a row? it many times, for the 13th time in a row? , ., . many times, for the 13th time in a row? ,., ,, many times, for the 13th time in a row? , ,,, row? it is not a surprise, but clearly the row? it is not a surprise, but clearly the impact row? it is not a surprise, but clearly the impact is - row? it is not a surprise, but clearly the impact is still - row? it is not a surprise, but| clearly the impact is still very real. it will make borrowing more expensive for many, many pe
officials at the united state s central bank think inflation is going to remain uncomfortably high in america for some time. that s according to the minutes of the last fed meeting where monetary policy is set. the bbc s north america business correspondent samira hussain reports. if anyone thought most recent price hike which showed no inflation injuly was the new normal the federal reserve is here to tell you otherwise. the latest minute shows that the committee that sets monetary policy in the us was unanimous that prices are going to keep going up for months to come. that means everyone should expect more interest rate rises as well. the committee height interest rates by three quarters of a percentage point last month, another rate hike in september seems almost certain. the only question is by how much? the minutes show at least some on the committee thank that their efforts to tame inflation may be starting to have some effect. based on the market response that has