lets now get down to business. the biggest interest rate rise since 1989. that s what we are awaiting from the bank of england in just a few hours time as it battles to control soaring prices. the bank is widely expected to raise its benchmark rate from 2.25% to 3% pushing up the cost of mortgages, credit cards and loans. it comes as america s central bank the us federal reserve raised its main rate by three quarters of a percentage point and warned borrowing costs will have to go higher than many are expecting. michelle fleury has this from new york. this is the fourth time in a row that the us central bank has raised interest rates so aggressively, with another hike possible in december. the rapid pace of increases is in response to prices that have been rising at their fastest pace in four decades. now, as the race to beat inflation continues, the question for everyone is, will mr powell and his colleagues really keep up this pace? in its statement, for the firs
Fine for google. Also, fine for google. As packets of weetabix are inhabited also, as packets of weetabix are inhabited new zealand, we want to know what you cant live without when you go on holiday. Is it your pot of marmite or your tea bag . Its the tea bags for me. Let us know. Just use the hashtag bbcbizlive. Hello and welcome to Business Live. We start with more problems for British Airways. Thousands of passengers are learning that their flights have been cancelled because of an unprecedented 16 day strike by some cabin crew, which begins tomorrow, july 1st. On thursday, ba said most flights will operate as normal, but it has cancelled a number of long haul departures to and from heathrow. Short haul and flights from other uk airports are unaffected. So whats it all about . The unite union says cabin crew who have taken industrial action over pay in the past have been blacklisted losing benefits like staff Travel Concessions and bonuses. Ba estimates around 8 of its total cabin c
The royal navys Flagship Carrier enters its home port of portsmouth for the first time. And coming up in Sportsday On Bbc News celtic play the first leg of their Champion League qualifier tonight at celtic park, they take on kazakhstan champions astana. Good evening and welcome to the bbcs news at six. After brexit, people and goods should be able to move seamlessly across the border between the Irish Republic and Northern Ireland, much as they do today. In their latest proposal for life outside the eu, ministers says there will be no return to check points and border posts. But critics say the plan raises as many questions as answers not least, whats to stop eu migrants coming into the uk from ireland through an unsupervised crossing . Our ireland correspondent, chris buckler, is in narrow water, on the irish border. Chris. George, people who live at this border rarely recognise it. But could all that to change once the other side of this water is still inside the eu and this part is
In the November 1999 federal election, PBS only managed 3 parliamentary seats, a far cry from the 8 seats that it won in 1995 and 14 in 1990. The 3 seats were in Bandau (Dr Max), Tanjong Aru (Dr Yee Moh Chai) and Tan Sri Pairin (Keningau). The trio was seen as the Flagship Carrier of PBS.