being a lot lower in 02 this year than they were last year. as we well remember, they were running up sharply by last year. bp has realised that prices were down by just under 40% year on year and a biggerfall, they realise just under 40% year on year and a bigger fall, they realise that gas price, 45% and also down by a 30%, that explains why the puppet are lower this year than last year. lower, but still quite an impressive number nonetheless. it will always raise criticisms about windfall tax with big energy firms doing well on the back of these prices, though as you have said, they have come down from their peaks. bp is not a big player in the uk any more. it’s from their peaks. bp is not a big player in the uk any more. it s not a big player. player in the uk any more. it s not a big player. but player in the uk any more. it s not a big player, but reasonably - a big player, but reasonably important. they pay tax there and i think, looking at figures, it is gone aw
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 actually trying to change our housing position but i think the people trying to get on the housing ladder to make the first step are really feeling the squeeze right now. the numbers tell the story. 3.8% fall in july alo
have about 3.5 minutes of extra time to go. we are deep, deep into injury time, i should say, and, to go. we are deep, deep into injury time, ishould say, and, yes, i think england, they have a five goal lead, even a draw would take them through as group leaders but they have absolutely blown china away. there was some criticism of england coming into this. theirfirst there was some criticism of england coming into this. their first couple of games, they won but only 1 0 against opposition they certainly, in haiti, they thought they should have beaten more comfortably, but this time against china they have shown what they are really capable of. this is the england team we saw in the euros, the england team that went on a huge unbeaten run, and the england team that has kept hundreds of people here at box back in croydon thoroughly, thoroughly entertained for the last 90 minutes or so. entertained for the last 90 minutes orso. it s entertained for the last 90 minutes or so. it
the people want to leave, they said. confirmation from the french foreign minister that the evacuation in niger is now under way. we will return to that story in the next few minutes. now we have the business news. rising interest rates and costly inflation is hitting house prices in the uk. according to the nationwide building society, prices dropped by 3.8% injuly the fastest annual pace in m years, and the biggest decline sincejuly 2009. nationwide also said mortgage costs hit the highest level for 15 years last month, as lenders grappled with inflation and uncertainty over rates set by the bank of england. a typical two year fixed rate mortgage is now 6.85%. the average price of a home in the uk is £260,828, down from a peak in august last year, as affordability proves a challenge for some buyers. the falls may be welcomed by first time buyers who previously struggled to get into the market, but rising rates do make even lower prices less affordable. earlier i spoke to