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BBCNEWS BBC News at Six June 4, 2024 18:15:00

0ur economics editor, faisal islam, has the details. it s absolutely mega stressful. because i m trying to work, but then you re looking at the news, it s, like, interest rates, you know, going up, inflation coming up, it s, like, what can i do? in pudsey in west yorkshire, homeowner clive turner is one of the four million owner occupiers facing significant rises in mortgage costs after a year of bank of england rate rises and that is on top of the hike and energy bills. it is about £120 difference because 5.76. so it is a lot more money out of our disposable income. plus, our energy costs are going up as well as everybody s are. it is going to be a struggle. this is the challenge. the bank of england aims to keep price rises inflation at 2%, but look at this. it is still close to a four decade high, but on the bank s ....

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BBCNEWS BBC News at Ten June 4, 2024 22:15:00

Industrial action still to come. real nervousness in government about those ambulance strikes in much of england and wales taking place next wednesday and a real sense that industrial action this winter is really only just starting. industrial action this winter is really onlyjust starting. ﬁur really only ust starting. our olitical really onlyjust starting. our political editor really onlyjust starting. 0ur political editor chris mason, thank you. the bank of england has announced another rise in interest rates, taking them to their highest level for 1h years. they ve gone up from 3% to 3.5%. the rise will mean higher mortgage payments for some homeowners and people with loans, at a time when many are struggling with the cost of living. the bank is hoping the rise will help bring down the rate of inflation. 0ur economics editor faisal islam has the details. it s absolutely mega stressful because i m trying to work, but all interest rates, you know, going up, inflation s going up. ....

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