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From 5 to 5. 25 . And for the first time, its suggested that rates will stay higher for longer in an attempt to drive down stubborn inflation the rising cost of goods and services by reducing the amount of money we have to spend. Although todays increase means Borrowing Costs are at their highest level since 2008, it follows an era of unprecedented low rates. In previous decades, rates were much higher we can see here that in the 1980s rates got up to 18 before gradually falling. The bank today cut its forecast for economic growth, though it said the uk will avoid a recession. In a moment, well hearfrom savers, as well as families trying to cope with increasing costs, but first, heres our Chief Economics correspondent dharshini david. From cafe says customers may resist rate as higher mortgage and rent payments bite, to Est ....
news central. inside politics starts now. well thom to inside politics. i m dana bash. it is a very busy day in our newsroom s capital. any moment, president biden will speak on the white house on the bipartisan border bill that s on the brink of collapse. the bill includes a host of tough new border policies that the president says he d sign, but republicans are ready to torpedo it after donald trump came out against it. we ll bring it to you live. also this hour, i ll speak to the republican who negotiated that deal. but first, a big court defeat for donald trump. a d.c. appeals court has unanimously rejected trump s claim of presidential immunity in the federal election subversion case. cnn s paula reid has been digging through the decision. what stands out to you about the way these judges made the decision? reporter: its outcome was very much expected. he s already lost on this issue, this argument that, as president, he should enjoy immunity for thing ....
crimes and misdemeanors? well, it back, but it might not be the same thing. tonight on laura coates live. all right, you ve heard this before. members of the house present to mark up to new articles of impeachment tomorrow, but this time it s not for donald trump. it s also not for joe biden. instead, they are targeting president biden s homeland security secretary, the man you see right there, alejandro mayorkas. the house republicans that are accusing him is because he is not enforcing, they, say the border laws and he is losing the trust of the american people. you re probably wondering what is the high crime or misdemeanor, like elon order episode, you probably won t find it tonight. the misdemeanor, high crime, and you re not odd for asking the question because of course those are the actual constitutional standards for impeachment. frankly, it s been more nicholas over the years, but i wonder if you feel that would meet the criteria of the top democrat on ....
could last into years. obviously an appellate court will have a lot of interest in this case and move things more quickly. we see that happen all the time with donald trump. appeals can take a long time. bill: the point dana made. there is no precedent for the state of new york to put somebody on trial an convict them for misstating a value of a piece of property. this is the first time. if it were to reach the new york state supreme court level, is that republican, is that democrat in a blue state like new york? what s the breakdown. you are looking at democrat judges in the state of new york. at the end what they are going to be looking at are two separate things. abusive distraction or error. the standards you talk about in appeals courts. so the different legal issues and factual issues at play at each stage of appeal, the trump team will bring those up and seek the relief. they haven t found much favor from the appellate courts yet. dana: i want to play this ....
julie: we re on the homestretch, folks. the kickoff for the republican presidential nominating calendar, the iowa caucuses just three days away. eyes are on the candidates but also on the weather there. another major snowstorm is expected today. polar vortex expected to bring insanely freezing temps on caucus day. the contenders are looking to sway voters there way and convince them to even show up. i m julie banderas in for harris today. let s get into it. a new poll of likely iowa caucus goers showing former nikki haley pulling ahead in a battle for second before chris christie left the race. former president trump meantime standing at 54% support. haley at 20. desantis 13. vivek ramaswamy and chris christie with six and 2% respectively when the poll asked who voters preferred with chrissy out of the race, his two points going right into the haley column. a wall street journal piece with the headline haley/desantis food fight validates trump debate. they hammer ea ....