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Rates have gone up again, for the 14th time in a row. The Bank Of England has put up its main rate from 5 to 5. 25 . That will mean higher mortgages for some people, but its also good news for savers. The Bank Of England is using Interest Rate rises to fight inflation, which has slowed recently, but which is still nearly 8 . Our economics correspondent andy verity reports the father of two, peter, keeping up the payments for his familys mortgages looking like anything but childs play. They bought their home under the governments help to buy scheme, but since then Interest Rates have risen 1a times. When his fixed rate deal expires early next year, the payments willjump. Somehow we are supposed to spend less and find an extra £750 per month to pay for that. For many ....
Some thundery, but there will be some thundery, but there will be some sunshine around. Because the air is coming down from the north, a cool direction, these temperatures are below par, generally the mid to high teens for most, 20 or 21 in the south east. Eitherthe high teens for most, 20 or 21 in the south east. Either the heaviest of the showers Eastern Scotland and eastern england, some of them could be quite thundery and could cause some localised flooding. Further west, a better chance of staying dry with sunshine on friday. Those temperatures are below par for the time of year. We can stay is unsettled, another area of low pressure moving in. Sunshine and showers, some quite heavy and pretty disappointing temperatures once again. Thats it from me. Back to you then. Thanks very much indeed. As promised we go back to the womens world cup. And are playing china in Their ....
Possibility, and ferries could see cancellations or delays, so it could be worth checking before travelling if you have plans. Through the day, occasional bright spells, but heavy thundery showers around as well. Probably the brightest weather across northern scotland, but wherever you are, temperatures a little below average for the time of year. Quite windy in Northern Ireland through thursday. Elsewhere, blustery winds, a day of sunshine and showers on thursday, some turning quite heavy, maybe with the odd rumble of thunder into the afternoon. Temperatures a little below average for the time of year. A similarthing is below average for the time of year. A similar thing is we and the week and head towards the weekend in the early part of next week with further showers around. We have finally found some are, however, and that will be returning to our shores towards the end of next week. Some aood towards the end of next week. S ....
The economy too much. To dicsuss this further im nowjoined by the Bank Of England 5 former head of international surveillance, katharine neiss. She is now the chief european economist for pgim fixed income. Good to have no surprise that Interest Rates are still rising. Do you think that this is it . ~ ,. ,. , is it . The banker very clear today that if inflation is it . The banker very clear today that if Inflation Remains is it . The banker very clear today that if Inflation Remains resilientl that if Inflation Remains resilient at higher levels, then they could see Interest Rates are going higher from here. That said, to me, the really big mess ....