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BBCNEWS Newscast July 7, 2024

flanders and claire barrett. we have got stephanie flanders from bloomberg economics on the podcast. hello. hello, hello. and another friend of the podcast, claer barrett, from the financial times. thank you for having me. i m glad you re here, so, interest rates at 3%, stephanie. gives a sense of how that feeds into real lives. in gives a sense of how that feeds into real lives. into real lives. in terms of money that into real lives. in terms of money that is into real lives. in terms of money that is about - into real lives. in terms of money that is about 2 - into real lives. in terms of. money that is about 2 million people in the country who are on a variable rate the biggest since the 80s or 90s depending on who you believe. and for somebody with the average size mortgage, that is going to add nearly £80 a month or £1000 a year, just from today s rise, but of course, that is the eighth rise we have had in succession from the bank of england. there is more ....

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BBCNEWS Newscast July 7, 2024

2 million people in this country who are on a variable rate mortgage who will immediately see the impact of that 0.75% rise we have had today. the biggest since the 80s or 90s depending on who you believe. and for somebody with the average size mortgage, just from today s rise, but of course, that s the eighth rise we have had in succession from the bank of england. there s more pain to come for around 2 million people you roll off their mortgage fixed rates next year. they might see an even bigger rise because they re on a really low rate now and it ll probably be higher than it is next year, so again, somebody with the average size mortgage, they can expect to pay around £250 more per month, or £3000 a year, and that s based on a mortgage of 130,000 so obviously if you have a bigger mortgage, you will have bigger repayments. trying to work out from listening to the various contributions we ve heard today, whether it be andrew bailey at the bank of england orjeremy ....

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BBCNEWS BBC News July 7, 2024

nasa successfully crashes a probe into an asteroid to test whether space rocks that might threaten earth could be deflected out of the way. ukrainians in four russian held regions have one final day to vote in a referendum, kyiv and its western allies dismiss as a sham. the head of the metropolitan police pledges to be ruthless in rooting out corruption, racism and misogyny in the force. a state funeral is underway for the former japanese prime minister shinzo abe. leaders from across the world are at the service. and coming up in the sport: a moral boosting draw for england against germany in their final match before the world cup. good morning. banks and building societies have withdrawn some of their mortgage deals because of the volatility on global markets. interest rates are expected to rise significantly over the coming months with analysts predicting they could edge up towards 6% next year. what s caused it? well, the chancellor s mini budget last week has spo ....

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BBCNEWS BBC News July 7, 2024

to test whether space rocks that might threaten earth could be deflected out of the way. as far as we can tell, our first planetary defence test was a success, and i think we can clap to that, everyone. cheering. so. right? so, yeah, well, i. yeah, i think the earthlings should sleep better. ukrainians in four russian held regions have one final day to vote in a referendum that kyiv and its western allies dismiss as a sham. hello and welcome if you re watching in the uk or around the world. in the uk, chancellor kwasi kwarteng is meeting fund managers this morning after days of volatility on global markets. banks and building societies in britain have withdrawn some of their mortgage deals, and interest rates are expected to rise significantly over the coming months. so, what s caused it? well, the chancellor s mini budget last week has spooked the markets. it has been followed by a dramatic fall in the value of the pound. yesterday, it dropped to a record low against the us ....

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BBCNEWS The Interview July 7, 2024

very quickly, but we have to start resolving them even during the war. normally, for a woman in any conditions, and especially during the wartime, has a great burden on her shoulders. in our case, 38,000 of soldiers wives, teachers, medics, they have to care about the family, about her own parents, about her children, about the parents of her husband. it s a massive amount of work on the shoulders of our women. and our task, our daily task, is to support them. it s especially important during the war. it s hard for most of us to imagine what it s like to live through a war every day and the sort of mental trauma that goes along with that. and i know it s something that you re concerned about and you raised at the summit as well. what is the best way that you think people can cope with the daily stress of war? translation: you know, the whole of ukraine - is currently living in stress. for example, this night and this morning, there was a massive rocket attack on our te ....

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