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Transcripts For BBCNEWS BBC News 20240706

germany. your speech suggests you don t acknowledge these things. if you cant don t acknowledge these things. if you can t see the problem, chancellor, why would voters believe you can chancellor, why would voters believe you can fix chancellor, why would voters believe you can fix it? you can fix it? joel, let s get that bit ri . ht! you can fix it? joel, let s get that bit right! i you can fix it? joel, let s get that bit right! | think you can fix it? joel, let s get that bit right! i think you you can fix it? joel, let s get that bit right! i think you are - bit right! i think you are completely wrong. my entire speech is about how we deal with the productivity paradox that is at the heart of why we haven t seen that growth in real incomes, if we don t invest in improvements in our education system, in our skills, if we don t find opportunities for the millions of people who could work and contribute to our economy back down at the moment, we are not going to s

Transcripts For BBCNEWS BBC News 20240707

most of the time patients have a great experience but we must not paper over the problems we face. we expect backlogs to rise before they fall. a teenager is arrested after a 15 year old boy was stabbed outside his school in huddersfield in west yorkshire. five british captives who were held by russian backed forces in ukraine are released in a prisoner exchange. ministers lift their ban on fracking in england in a bid to increase energy production but critics are warning about environmental damage and a risk of earthquakes. retiring tennis champion roger federer will play the final match of his career in a doubles team alongside his long time rival rafael nadal as part of the laver cup tomorrow. good afternoon and welcome to bbc news. interest rates have been raised to 2.25%, the highest level since 2008. it s the seventh consecutive time that they ve been increased by the bank of england, in an attempt to curb soaring prices. the rate has gone up from 1.75%. the bank of e

Transcripts For BBCNEWS BBC News 20240707

two further explosions are heard as authorities continue to search the rubble in the city of zaporizhzhia more than 2a hours after a series of russian missiles hit civilian homes. and miracle baby find out how robbie s life was transformed while she was still in the womb. the uk s independent economic forecaster the office for budget responsibility has submitted its initialjudgment on the prospects for the economy to the chancellor this morning. we won t know what is in the draft report until budget day, which is currently planned for late november, but there s lots of speculation about how this will affect the cost of living. let s remind ourselves how we got here. two weeks ago kwasi kwarteng unveiled his mini budget claiming the biggest tax cuts in a generation. the obr wasn t allowed to assess the economic impact of those tax cuts which spooked global markets leading to a drop in the pounds value. it has affected the mortgage market with interest rates on a typical five

Transcripts For BBCNEWS BBC News at One 20240707

the result of sabotage. the uk must prepare for a big wave of flu this winter, say health experts, as people are urged to get flu and covid vaccines. and the spotlight is on glasgow and liverpool, as they vie to host next year s eurovision song contest. and coming up on the bbc news channel, england s women will play their first ever stand alone fixture at twickenham next year. theirfinal six nations match against france will take place at rugby hq. good afternoon and welcome to the bbc news at one. the bank of england has made a surprise intervention to try to calm the financial markets, by launching a temporary uk government bond buying programme. it s an attempt to get long term borrowing costs down. they had been. since last week s mini budget. the emergency move is to stave off what the bank said was a material risk to the country s financial stability , given the turmoil that s followed friday s mini budget. the bank said its intervention was to restore orderly market

Transcripts For BBCNEWS BBC News at One 20240707

the pound has stabilised today after hitting a record low yesterday. we ll be explaining the impact of what s going on in the markets. also this lunchtime. sir keir starmer will promise a fresh start for the uk in his keynote speech to the labour party conference today. the prince and princess of wales make their first visit to the nation since they were given the titles. and nasa smashes a spacecraft into an asteroid to test whether they can be deflected away from earth. and coming up on the bbc news channel: scotland are in poland seeking nations league promotion. avoid defeat tonight against ukraine and they ll also be assured of a play off spot for euro 202a. good afternoon and welcome to the bbc news at one. many banks and building societies are reviewing their mortage deals because of forecasts of a sharp rise in interest rates. the bank of ireland has withdrawn all mortgages. virgin money and skipton building society have closed offers for new customers, but will consi

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