is a rate rise good for you? really looking forward to speaking to you, to hearing from you this morning, by telephone, by text or social media. let s get the neatest news headlines from karishma patel. the bank of england is expected to raise its main interest rate to 5.25% at lunchtime. it will be the 14th time in a row it s gone up. inflation has slowed down in the past few months, but is still at nearly 8% four times higher than the official target. deputy prime minister, oliver dowden, says migrants will start to be housed on a barge in dorset in the coming weeks and that inspections are being carried out. they were meant to move in earlier this week but there have been concerns over fire safety and port staff. ofcom says older viewers are switching away from live tv as part of a record drop in people watching traditional television. the broadcasting watchdog says audiences now have an all you can eat buffet of broadcast and online content to choose from. sc
latest project launching the see monster, the latest in a creativity festival costing millions of pounds. with over 2000 football related arrests last season. good evening. interest rates have risen to their highest level for m years, heaping extra costs on mortgage holders, credit card users and businesses. the governor of the bank of england warned that the uk economy may already be in recession. rates have risen by 0.5% today the seventh hike in a row, as the bank tries to curb inflation. interest rates now stand at 2.25%. 0ur economics editor faisal islam has the details. for islam has the details. nearly a decade and a half, british for nearly a decade and a half, british interest rates have been extremely low. forthe british interest rates have been extremely low. for the homeowners, high street businesses and corporations, it had become used to very low base interest rates, this is now at an end. in nantwich in cheshire, the ice cream farm has benefited from inve
The moment, that is what we are livin: with. , , . living with. this is the medicine. i cuess living with. this is the medicine. i iuess it living with. this is the medicine. i guess it economist, living with. this is the medicine. i guess it economist, the living with. this is the medicine. i guess it economist, the bank - living with. this is the medicine. i guess it economist, the bank of l guess it economist, the bank of england, the government, will say it is doing what we expected to do. if it can push inflation down. peter, if you are staying, all good, if not, let s get to some of the phone calls. thank you for the millions of texts. text 85058. let s talk to sophie in ipswich, creek in edinburgh, tracy is in chesterfield. good morning and welcome to the programme. tracy, tell us about your situation, you are a small business, a cafe owner in chesterfield. how are things? we a cafe owner in chesterfield. how are things? are things? we run a cafe in chesterfield, are thin
Islam has the details. nearly a decade and a half, british for nearly a decade and a half, british interest rates have been extremely low. forthe british interest rates have been extremely low. for the homeowners, high street businesses and corporations, it had become used to very low base interest rates, this is now at an end. in nantwich in cheshire, the ice cream farm has benefited from investing millions at low interest rates. low interest rates. always encouraged low interest rates. always encouraged investment, l low interest rates. always - encouraged investment, because it always been at a low through this period of investment that we had. this food tourism business is now having to adjust at a time when consumers have little spare cash and costs are rocketing. costs are rocketing. wherever the base rate goes. costs are rocketing. wherever the base rate goes, obviously - costs are rocketing. wherever the base rate goes, obviously our - base rate goes, obviously our busine