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good morning. the governor of the bank of england has defended the decision to raise interest rates, saying there s a real risk of soaring prices becoming embedded . yesterday, the bank warned the uk will fall into recession as it raised interest rates by the largest amount in 27 years. the uk economy is forecast to shrink in the last three months of this year, as the bank predicts a recession that will last well into next year. the bank says that sharp increases in energy prices will push inflation to more than 13% a 42 year high and that the value of people s incomes is falling. one of the ways it can try to control inflation is to raise interest rates. this makes borrowing money more expensive which means we are less likely to spend bringing prices down. that s the bank s justification for raising interest rates from 1.25% to 1.75% the biggest rise since 1995. the governor of the bank of england, andrew bailey, told the today programme why raising interest rates ....
a industry are outrageous. fourth hearing into the ja| attack a fourth hearing into the january 6 attack on the us capitol is under way in washington as we speak. prince william, the duke of cambridge, is celebrating his 40th birthday. good evening. millions of passengers have faced disruption today after the biggest strike on britain s railways for 30 years got under way. the rmt union and rail bosses say they will resume talks tomorrow but even if there s any progress, it will come too late to avoid disruption on thursday, the next planned day of the walk out. what s the dispute about? as ever, it depends on who you ask. for the union, pay and job security are key. rail bosses says it s also about modernisation. they intend to start the process next month. borisjohnson had his say this morning, urging commuters to stay the course because as he said modernisation would be in their interest. our first report is from bournemouth and our transport correspondent, katy au ....
welcome to the programme. we re going to start in ukraine tonight, on the eve of a serious and significant day. august 24th marks both the ukrainian independence day and six months since russia launched its invasion of the eastern european country. independence day is usually filled with celebrations. not this year. in the capital kyiv, public events have been banned for safety reasons. today, leaders of dozens of countries and international organisations took part in the crimea platform , a summit to reassert their support for ukraine. here s french president, emmanuel macron: translation: we cannot have any l weakness in the face of this, no l show of compromising behaviour, because this is about everyone s freedom and about peace in all parts of the world. undoubtedly one of the big topics up for discussion was the situation at the zaporizhzhia nuclear power plant. the facility is the largest of its kind in europe. it was taken by russian forces shortly after the start o ....
blown recession is near you. we might find out as early as thursday. but we re going to show you more importantly how the white house is trying to play game of smoke and mirrors and they want to change the very definition of the word recession, sort of like the new recession. inflation is transitory ly anyway. also tonight, take a look at your screen. this is pretty unbelievable right? a bishop robbed at gunpoint right there at the pulpit in the middle of a church service. we have the entire video coming up first tonight, we begin in the washington swamp. joe biden continues to recover from covid-19. thankfully, we don t want anybody sick on this program. we wish him well. so far , his schedule is pretty much remained kind of normal for him, which is to say he does little to nothing. no president in modern american history has worked less than your president, joe . he rarely appears in public. he almost never conducts sit down interviews or press conferences frequently ....
diagnosis is mild. it may be is stillti a triggering event for the dcll establishment. what if something happens tohi the president and kamala harris has to step in? well, this is a terrifyingin prospect for anyone who s followed her performance over the past few years. now in an administration of punchlines, she s in a class by herself last sunday during a podcast interview where she managed to make the democrats holy grail of abortion soundib ever more callous. if that s possible, watch. you know, listen, women aren getting pregnant every day in america and this is a real issue and we need to act with a sense of haste about what is at play, what is at stake. there s a baby at play. > just to clarify now, at least she didn t do the trademark in a cackle aten the end of that,d but she was saying saving all that for today in indianapolis where she was nervously avoiding anyit opportunity for q&a with the press. so in terms of the format, we ll let the pressss and ....