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BBCNEWS BBC July 4, 2024

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 Est ....

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BBCNEWS BBC July 4, 2024

Papers obtained by bbc panorama show drax took timberfrom papers obtained by bbc panorama show drax took timber from rare forest in canada that it had claimed were no go areas. It comes as the government decides whether to give the firms yorkshire side billions more in environmental subsidies, funded by energy bill payers. Drax says its wood pellets are sustainable and illegally harvested. Lets get more on this from our reporter who conducted that investigation. What did you find . This is about a Power Station in england. This is the worlds biggest woodfired Power Station. It does say by burning wood pellets. It receives a huge amount of public subsidy, as you just mentioned, because these wood pellets, when you burn for electricity, that is counted as renewable energy. The Power Station gets through an awful lot of wood p ....

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BBCNEWS Breakfast July 4, 2024

Growing at a slower rate for the past two months, but inflation remains at nearly 8 , four times higher than the official target. Hannah miller has this report. For father of two peter, sorting out the Family Finances is proving hard. He and his wife bought their first home using the help to buy scheme. But when their mortgage comes up for renewal early next year, theyll have to find an extra £750 a month in repayments. Somehow were supposed to spend less and find £750 extra a month to pay for that. So, you know, for many families, its a terrifying situation. If you have young families like ourselves who have been swayed into the Housing Market by government, whose advertised help to buy as an affordable scheme, right, when things become unaffordable, you cant simply turn around and say, thats your problem. A rise of 0. 25
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BBCNEWS BBC July 4, 2024

This city. But he returned as a criminal defendant. He faces four charges and is accused of orchestrating an astonishingly Broad Campaign to overturn the Election Results of 2020. Its alleged he used unlawful methods to try to getjoe biden s victory blocked. Inside court, mrtrump s biden s victory blocked. Inside court, mr trumps lawyer pleaded not guilty on his behalf. The former president did speak as he left the city. When you look at what is happening, this is a persecution of a political opponent. This was never supposed to happen in america. Its easy to almost become immune to donald trump legal problems but this case is bigger than all the other indictments and that is because ultimately, its about american democracy. And how the former president stands accused of trying to overthrow it. January the sixth of the painful and indelible mark on the uss image here and wo ....

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BBCNEWS World July 4, 2024

Investment platform. Thanks bro. Thanks for joining Thanks Forjoining us. Mortgages cost more so it is a bit of a Vicious Cycle for First Time Buyers . It is, yes, and there is a bit of respite for people looking to get onto the Property Ladder but they have still got very high costs of borrowing and it will still cost a lot to afford the mortgages once you have got on the ladder and it still costs a lot of money for renting whilst you are trying to get on the ladder. But it is good news for people who are looking to get off the ladder and looking to use their housing as part of that so there is a bit of balance but i suppose house prices matter most when you are trying to change your position. For the vast majority it is a number that changes without us actua ....

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