The chance to get together and show what they can achieve. But every two years, its sport that brings them closer. They come from europe, the South Atlantic and the caribbean. 2a islands, 1a sports, across six days of action. This is the island games. 900 miles away off the north coast of scotland, shooter Ross Donaldson and his teammates are starting the long trip south. When you can get an island games squad, theres anticipation, theres excitement. So weve got 20 bikes, a lot of football kit, sailing kit, athletics kit. In st peters port, Team Managers are checking in athletes and equipment. 103 of us all arrived here safely. Im delighted. Going to head over to the two hotels, and then well unpack all the bikes and the kit. Carlos and his bikes have travelled all the way from shetland. Ive got two bikes. This is the One For The Road race. Ive got a different one for the time trial. But you try and get as much advantage as you can within the rules. Most of the teams have got two bikes
Island communities dont often get the chance to get together and show what they can achieve. But every two years, its sport that brings them closer. They come from europe, the South Atlantic and the caribbean. 2a islands, 1a sports, across six days of action. This is the island games. 900 miles away off the north coast of scotland, shooter Ross Donaldson and his teammates are starting the long trip south. When you can get an island games squad, theres anticipation, theres excitement. So weve got 20 bikes, a lot of football kit, sailing kit, athletics kit. In st peters port, Team Managers are checking in athletes and equipment. 103 of us all arrived here safely. Im delighted. Going to head over to the two hotels, and then well unpack all the bikes and the kit. Carlos and his bikes have travelled all the way from shetland. 2a hours between us leaving and the bikes arriving. So not too bad. Well, its quite warm here. We do have a day or two to sort of acclimatise and get the bikes togethe
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 Estate Agents grappling with a sagging housing market, the hit from Interest Rates is clear. But for a very small minority, that impact is Life Changing. Minority, that
Speaking before squeezed by massive bills, there is still Spending Power out there. A lot of our customers are probably a bit older, so we dont feel the mortgage rate, although it creates uncertainty for them and that does and we do notice when there is a rate rise, everyone gets a bitjittery. Does it feel like we are getting green shoots . I dont feel that there is green shoots, no, no. I dont feel that there is green shoots, no, no. I feel we are in a holding pattern. It could go either way. Today, the Bank Of England said the tough medicine was beginning to work. Less tha n less than two years they have over 14 steps raised Interest Rates to the highest level in 15 years in an attempt to drain Spending Powerfrom the Spending Power from the economy. The period of near zero Interest Rates now consigned to history with the bank warning that rates could remain at this level for some time. If you asked the question, yes, and when are rates going to come down . My answer is we are going t