we start here in the uk, where the bank of england has raised the cost of borrowing to its highest level in 13 years. the quarter of a percentage point rise, to 1.25%, was less than some were expecting. but financial markets are now betting uk interest rates will have to rise a lot further from here, to get control over soaring inflation. the worry is, too steep a rise in borrowing costs could tip the economy into recession. and the warning signs are already there. our economics editor faisal islam reports. on faisal islam reports. the outskirts of doncaster, a on the outskirts of doncaster, a successful business, the crown hotel, grappling with energy, food prices and wages going up at the same time that household income is being squeezed and now a relentless run of interest rate rises to hit some buyers on variable rate within hours. hit some buyers on variable rate within hours. with got a mortgage rate within hours. with got a mortgage and rate within hours. with got
temperatures are expected to reach well into the 30s across southern england today a level three heat health alert has been issued for the region on what could be the hottest day of the year england has appointed its first women s health ambassador with the aim of closing the gender health gap president zelensky says ukraine is closer than ever to the eu with senior officials in brussels expected to recommend it as a formal candidate for membership later today. welcome to bbc news. this morning we re looking at the impact of the rising cost of living with the bank of england warning that the increase in the cost of everything we buy and use could hit 11% later this year. the huge rise is being driven in part by events taking place thousands of miles away in ukraine but the pinch is already being felt right here in the uk. it comes as a bbc commissioned survey suggests we re cutting back on food and travel as those price rises hit our household budgets. four thousand
it s the hottest day of the year so far in the uk, with 30 degrees recorded in southern england, and heat health alerts for some areas in the south and east. djokovic, martina, all of us. do you eat the grass? just put it in our pockets, it s for good luck, it s great! tennis legend billiejean king, now also famous for her social campaigning, talks to the bbc about issues she believes are important today. every generation has to fight, because things are fragile constantly. i think it is really important to think about things being in a tenuous position always. and coming up on the bbc news channel, salt peppers the netherlands with runs as he claims his first century in an england odi match in the first of the three match series. good afternoon and welcome to the bbc news at one. britain s second busiest airport says it will limit the number of flights across the peak summer period because it hasn t got enough staff. gatwick airport said it was aimed at creating a more relia