by 11 of the 31 members of the alliance. uk prime minister rishi sunak is expected to urge nato allies to learn the lessons from russia s invasion of ukraine and invest more in defence. joining me now is hugo brennan, research director at the risk intelligence company verisk maplecroft. good morning to you, hugo. so, just talk us through the level of defence spending going on at the moment. because this has been a contentious issue for years within nato, hasn t it? it very much has been, yeah. i mean, the first thing to say is the question of who foots the bill to pay for the alliance? as you say, that s long been a question mark. you ll remember back to 2019, when donald trump made it very much top of the agenda. and again, it s going to be in this latest nato summit. as you said, we re expecting some sort of agreement that will make it a requirement for nato member states to spend at least 2% of their gdp on defence spending, which would build on that 2014 agreement you r
here s where the bank s base rate stands at the moment at 5.25% it is the highest in 15 years. the bank has raised the cost of borrowing fourteen times to try and tame soaring prices but inflation has eased sharply in recent months and the expectation now is that rates may soon start to come down. however, for those in the uk hoping for cheaper mortgages and loans there was something of a bad omen in the us, where the chair of the federal reserve seemed to dash expectations of a rate cut next month. as michelle fleury reports. the fourth meeting in a row, the federal reserve did not raise interest rates. this is the longest pause since policymakers began their aggressive rate campaign to tame inflation back in march of 2022. but for rate weary americans, well, they will likely have to wait a few more months to see any relief, given these comments by the federal chair. based on the meeting today, i would tell you that i don t think it s likely that the committee will reach a
hello and welcome to the programme broadcasting to viewers in the uk and around the world. we begin with the news that the search for the oceangate submersible in the north atlantic is over. the us coast guard has confirmed that the vessel suffered a catastrophic loss of pressure and there are no survivors. the five people on board were on a mission to view the wreck of the titanic. rescue experts say that the tail cone of the vessel has been spotted on the sea bed, not far from the wreck. much of the rescue effort was coordinated in boston, where we can join our correspondent carl nasman. carl, thank you so much forjoining us on the show. we are starting to hear some other developments coming out of the navy. what have they had to say? we are, these are developments that might help us piece together the timing of when this catastrophe might have taken place. this is being reported by our partners in cbs news and they say the us navy detected, quote, an acoustic anomaly con
and the prime minister even dodged a vote on borisjohnson s conduct. so our big question this morning how is rishi sunak faring in numberten? we sat down in the number ten garden to talk about the rebellion in russia, more staff for the nhs, and how on earth thousands of families are going to pay their mortgages. what s the alternative? labour s lisa nandy is with us from salford. to make sense of what is going on in russia none better than steve rosenberg, our editor there. # never going to give you up #. and it s sunday. there s always room for a bit of light relief. the reluctant star of this year s glastonbury, rick astley, on whether he is cool at last. morning, morning. it s a big day. the first time we ve sat down to talk to rishi sunak at length since january. he s keen to talk about his plan for staff in the nhs. we were keen to put your big questions on the economy. but the last 2a hours have reminded everyone we live in an unpredictable world. here are the pict