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
Carrie lam will become hong kongs new chief executive. But what the new chief executive. But what the new leadership mean for the economy . And what to look for in buying a piece of art. We get a few tips from the experts. Hello and welcome to Asia Business report. Im sharanjit leyl. A 1200 Strong Committee dominated by pro beijing executives have elected carrie lam as the new hong kong chief executive. She has promised to heal wounds over beijings industry. With a slowing economy in mainland china, she could be facing economic headwinds. I spoke with research at Peter Church At that the issues that will be at the top of her agenda. Peter church at that the issues that will be at the top of her agendam hong kong, the Affordability Question on housing has been a huge economic and political hot button in hong kong. And if you look at it rationally, it is really a supply it generated a problem. Hong kong has been producing less than half of the long term average supply of housing in the l
Welcome to countdown. 6 00. Don, it is here and the sun is in the the sky. You have the commodity story havell us and we volumesed questions of and we had all of that with the traders overnight. Chart andhis on the we have a new sevenyear high. We had up to the 23rd of june and the referendum on the eu and we had three polls that we and 5 . Bout between 2 we had one that was a lot closer to that and it will continue to be all over the place. In and youthe run commodity inberg the bull market. It is a tortured run and citigroup is raising china demand and there are a number of facets in their. They have all but taken the punch bowl a way from june and july. Go to rosalind chin. Clinton has secured enough delegates to secure the nomination. Sanders has decided to stay in the race and force a contested convention. A former bank of Japan Executive says they should abandon the timeframe for action to avoid more drastic action later. Had policies that defied common sense and they have a lot
That america tonights Sheila Macvicar investigated in florida. When the palms of sebring created what he called loving homes for its residents, the state gave 12003 million, that came from a special trust fund intended to improve care for failuressing home residents. How did the for profit nursing home in south florida spend it . Not on extra staff or better housekeeping but on a redecorating spree that included chandeliers, clear fronded refrigerators. It borders on malfeasance. Not Holding Accountable using this money. Brian lee is executive director of the nonprofit families for better care in tallahassee. He says the trust fund has underwritten a number of building projects. You see Nursing Homes that are building verandas, gazebos, sidewalks, jogging trails, fish ponds. That, to me, smells of a Capital Improvement project because its adding value to the nursing home. And those are permanent fixtures and placements. I dont see how it hems in the care of residents. It doesnt help in
And healthy environment but too often weve seen that ends up not being the case where care homes end up being anything bupt. No but. Add to that, funds that end up being redirected to projects that in no way protect those most vulnerable patients. It is an outrage and a tragedy that america tonights Sheila Macvicar investigated in florida. When the palms of sebring created what he called loving homes for its residents, the state gave 12003 million, that came from a special trust fund intended to improve care for failuressing home residents. How did the for profit nursing home in south florida spend it . Not on extra staff or better housekeeping but on a redecorating spree that included chandeliers, clear fronded refrigerators. It borders on malfeasance. Not Holding Accountable using this money. Brian lee is executive director of the nonprofit families for better care in tallahassee. He says the trust fund has underwritten a number of building projects. You see Nursing Homes that are bu