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Transcripts For BBCNEWS Newscast 20240707

flanders and claire barrett. we have got stephanie flanders from bloomberg economics on the podcast. hello. hello, hello. and another friend of the podcast, claer barrett, from the financial times. thank you for having me. i m glad you re here, so, interest rates at 3%, stephanie. gives a sense of how that feeds into real lives. in gives a sense of how that feeds into real lives. into real lives. in terms of money that into real lives. in terms of money that is into real lives. in terms of money that is about - into real lives. in terms of money that is about 2 - into real lives. in terms of. money that is about 2 million people in the country who are on a variable rate the biggest since the 80s or 90s depending on who you believe. and for somebody with the average size mortgage, that is going to add nearly £80 a month or £1000 a year, just from today s rise, but of course, that is the eighth rise we have had in succession from the bank of england. there is more pain t

Transcripts For BBCNEWS Newscast 20240707

2 million people in this country who are on a variable rate mortgage who will immediately see the impact of that 0.75% rise we have had today. the biggest since the 80s or 90s depending on who you believe. and for somebody with the average size mortgage, just from today s rise, but of course, that s the eighth rise we have had in succession from the bank of england. there s more pain to come for around 2 million people you roll off their mortgage fixed rates next year. they might see an even bigger rise because they re on a really low rate now and it ll probably be higher than it is next year, so again, somebody with the average size mortgage, they can expect to pay around £250 more per month, or £3000 a year, and that s based on a mortgage of 130,000 so obviously if you have a bigger mortgage, you will have bigger repayments. trying to work out from listening to the various contributions we ve heard today, whether it be andrew bailey at the bank of england orjeremy hunt

Transcripts For CNN CNN Newsroom With Poppy Harlow and Jim Sciutto 20240707

he told cnn the panel will present evidence showing state officials who stood up and said they wouldn t go along with this plan to either call legislatures back into session or decertify the results for joe biden and will connect the bid to submit fake electors to overturn the election straight to the former president. that is what schiff says. now, as investigators watch for where the markets go this week, days after the federal reserve increased the key interest rates three quarters of a percentage point and the dow navigates fair market territory, the administration was out in full force over the weekend with a consistent message that recession is not inevitable, recovery is possible. watch this. well, i expect the economy to slow. but i don t think a recession is at all inevitable. recession is not inevitable. the president really wants to have a steady and stable recovery. not only is a recession not inevitable, but i think a lot of people are underestimating the s

The week ahead: going for seven

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