good afternoon and welcome to bbc news. the bank of england has raised interest rates from 3.5 to li% their highest level since 2008. the increase will leave millions of households facing higher mortgages at a time when many people are already struggling with energy and food bills. it will also have an impact on repayment charges on bank loans and credit cards but it is better news for savers, who should get a higher return. the bank of england says the increase will help to curb rising prices. our economics correspondent andy verity reports. in leeds like every where else, the cost of keeping up a mortgage isjumping, because of interest rates. stu is used to saving after spending much of his life on a minimum wage. he got a better paying job as a librarian, but like many, his wages have stagnated. when his mortgage expired his payments went from £90 a month to £360. i thought the days of checking the bank balance were gone. but they re back with a vengeance now. it is
as a storm introduces heavy rain and severe gales in some parts of the country. details later. president biden will visit israel tomorrow, in a show of support after more than moo people were killed by gunmen from hamas, a group designated as a terror organisation by many western governments, including the uk. the trip was announced by the us secretary of state, anthony blinken, who also revealed that israel and the us had agreed to develop a plan to get aid to civilians in gaza. un agencies have warned of a deepening humanitarian crisis in the territory, where more than 2,700 people have been killed by israeli air strikes. our middle east correspondent yolande knell has the latest. israel says it is hitting hamas targets as barrages of rockets are still fired from gaza. but a world leader is heading this way. i wednesday, president biden will visit israel. he is coming here at a critical moment for israel. for the region and for the world. itruiith critical moment for israel
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