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Transcripts for BBCNEWS BBC News 20240604 15:58:00

But mr hunt says nothing is off the table. that could mean less money for things people really care about. welfare and benefits are another big issue. the chancellor could limit increases below inflation. but many of these payments go to some of the most vulnerable, and to help people in low paid jobs. the big problem in all of this is inflation. it s still at around 10%. public sector pay rises aren t keeping up, so we re seeing lots of strikes as inflation bites into household finances. holding the line on pay will be another difficult choice for the chancellor. and the current bank of england interest rate of 2.25% could soon be rising as high as a.25% by the end of the year. for someone with a £200,000 mortgage, they would be facing an increase of £211 in their monthly repayments. difficult decisions for households, difficult decisions for the chancellor. he has two weeks before he delivers his own plan to make his sums add up. marc, thank you very much. ....

Butjeremy Hunt , Aren T , Inflation Bites , Household Finances , Keeping Up , Public Sector , Bank Of England , Interest Rate , 2 25 , Marc Ashdown , Add Up ,

Transcripts for BBCNEWS BBC News 20240604 18:18:00

Nothing is off the table. back to me less money for things people really care about. welfare and benefits under the big issue. the chancellor could limit increases below inflation but many of these payments go to most vulnerable and people in low paying jobs. inflation is the biggest problem at 10% still. public sector pay raises are not keeping up so we are seeing lots of strikes as inflation bites into household finances. holding that line on pay will be another difficult thing for the chancellor. the current interest rate of 2.25% could be rising as high as 4.25% at the end of the year. so for someone with a £200,000 mortgage they will be facing an increase of £211 making monthly payments difficult and difficult decisions for the chancellor. his two weeks to deliver his own plan to make his sums add up. ....

Inflation Bites , Interest Rate , Household Finances , 4 25 , 2 25 ,

Transcripts for BBCNEWS BBC News 20240604 19:10:00

To plug and it s hard to see how that could be found without tough cuts in spending. big departments like health, education and defence are normally protected, but mr hunt says nothing is off the table. that could mean less money for things people really care about. welfare and benefits, another big issue. the chancellor could limit increases below inflation, but many of these payments go to the most vulnerable and people in low paying jobs. inflation is the biggest problem, at 10% still. public sector pay raises are not keeping up, so we re seeing lots of strikes as inflation bites into household finances. holding that line on pay will be another difficult choice for the chancellor. the current interest rate of 2.25% could be rising as high as 4.25% by the end of the year. so for someone with a £200,000 mortgage, they ll be facing an increase of £211, making monthly payments difficult, ....

Jeremy Hunt , Household Finances , Inflation Bites , Interest Rate , 4 25 , 2 25 ,