Rates have gone up again, for the 14th time in a row. The Bank Of England has put up its main rate from 5 to 5. 25 . That will mean higher mortgages for some people, but its also good news for savers. The Bank Of England is using Interest Rate rises to fight inflation, which has slowed recently, but which is still nearly 8 . Our economics correspondent andy verity reports the father of two, peter, keeping up the payments for his familys mortgages looking like anything but childs play. They bought their home under the governments help to buy scheme, but since then Interest Rates have risen 1a times. When his fixed rate deal expires early next year, the payments willjump. Somehow we are supposed to spend less and find an extra £750 per month to pay for that. For many families it is a terrifying situation, but if you have a young family like ourselves, who have been swayed into the Housing Market by government who has advertised help to buy as an affordable scheme, right, when things bec
Growing at a slower rate for the past two months, but inflation remains at nearly 8 , four times higher than the official target. Hannah miller has this report. For father of two peter, sorting out the Family Finances is proving hard. He and his wife bought their first home using the help to buy scheme. But when their mortgage comes up for renewal early next year, theyll have to find an extra £750 a month in repayments. Somehow were supposed to spend less and find £750 extra a month to pay for that. So, you know, for many families, its a terrifying situation. If you have young families like ourselves who have been swayed into the Housing Market by government, whose advertised help to buy as an affordable scheme, right, when things become unaffordable, you cant simply turn around and say, thats your problem. A rise of 0. 25 Percentage Points would take the Bank Of Englands base rate to 5. 25 , the highest since april 2008. For someone with an average Tracker Mortgage of £200,000, tha
Accommodation to young, Vulnerable People in exchange for sex. And hold on tight, as we mark 200 years of thrills since the opening of the first Roller Coaster. Our main story at five. The syrian president Bashar Al Assad has said claims that his armed forces were behind the chemical weapons attack on the town of Khan Sheikhoun are a 100 fabrication. The us launched missile strikes against an airbase in retaliation for the attack, which it blamed on the syrian government. In his first interview since the chemical weapons attack, president assad claimed that that the us worked Hand In Glove with Terrorist Groups to stage the attack as a pretext for the american air strikes. Theresa may said the evidence against assads regime was clear. Keith doyle reports. Hes been in powerfor 17 years. He says he is fighting terrorists. The us, the uk and their allies say he is responsible for hundreds of thousands of deaths and millions of refugees. In his first interview since the Chemical Attack whi
On rail, which has limited people s ability to make trips. and then, of course, the rise in interest rates that we ve seen recently has started to really hit home injuly. it s looking a bit brighter here on london s main shopping street today. these footfall figures don t tell you anything about actual spending, of course. there s always online, and when it comes to bad weather, not everyone s complaining. this soft play centre in dudley has just had their busiest month in 19 years. i ve never known a july like it. we re just, we ve been constantly busy now for four weeks. the admission numbers are up and we are getting a lot of new customers, or people who maybe wouldn t normally come to soft play. but for many other high street businesses, the weather has put a dampener on visits. emma simpson, bbc news. wilko, one of the uk s biggest discount retail chains, is heading towards administration.