and the rate of core inflation which strips out volatile items like food and fuel is actually going up. rising interest rates are piling the pressure on millions of mortgage borrowers here in the uk who are facing steep rises in monthly bills. the bbc has been hearing from some of them. rebecca from greater manchester, craig in cambridgeshire, and rose who lives in hampshire. just three homeowners out of hundreds of thousands of people facing a huge rise in their mortgage costs over the coming months. at this moment in time, at the end ofjune, i will make my final payment of £434 when my current deal ends, and thereafter i have been told to expect my payments will be over £1,800. i m currently paying £560 a month. at the end ofjuly, it will go on to variable and it will go up to £1,200 a month. 0ur mortgage has gone up by over £2,200 a year. - it s a huge impact on our- expenditure and has an impact on the family as a whole. rose has already been cutting costs on
course we have regular gatherings. we have copd at the end of the year again. the message seems to be the same every time we have cop at the end of the year. people are grappling with the effects of climate crisis and not getting the help they need from developed nations. i think there are developed nations. i think there are leaders - developed nations. i think there are leaders of - developed nations. i think there are leaders of manyj there are leaders of many countries here at this summit. president macron and the prime minister of barbados are to be commended for showing leadership in this space. and i think this summit will, by bringing those leaders together with the multilateral development banks and multinational agencies, will help to build a consensus towards c0 p28 later help to build a consensus towards cop28 later this year and to ensure that everyone recognises the importance of providing the finance necessary. multinational banks cannot conjure resources out of thi
existing balance sheets further than we have. that is important but what is also important is working with the private sector to mobilise more private sector finance, working with development aid to blend finance for projects especially in low income countries and to ensure that all the resources that i there work together as well as possible so that the impact overall is maximised. and i think that requires a lot of thoughts but it also requires bringing people together, as is happening in paris today, to really ensure there is a consensus around what is the right way to go forward. ., ~ what is the right way to go forward. . ~ ., forward. talking of the right wa to forward. talking of the right way to go forward. talking of the right way to go forward, - forward. talking of the right way to go forward, and - forward. talking of the right way to go forward, and i - forward. talking of the right| way to go forward, and i will change the subject now, i m sure you heard our output earl