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the economy is coping with the cost of living crisis when we get first quarter gdp figures in just over an hour s time. it s expected to have continued growing by 0.2% in the first three months of the year. hardly booming, but a far cry from the record breaking recession that the bank of england was predicting six months ago. on thursday, the bank announced a major rethink of its forecasts, saying the uk will now avoid going into recession. but it warned that the battle to get soaring prices under control is taking much longer than expected. the bank also raised its main interest rate again by 0.25%, to 4.5%. that s the 12th rate rise in a row, and it puts the cost of borrowing here in the uk at a 15 year high. the bank is trying to take spending power out of the economy to stop prices rising so fast. inflation is currently running at over 10% a year. that s the highest rate in a0 years, and five times the bank s target of 2%. our economics editor faisal islam reports. ....
and friends first on friday morning, i m todd piro. ashley: i m ashley strohmier in for carley shimkus. passengers inside the car say neily told him he didn t care if he went back to jail, before a former marine put him in a choke hold. anxiety is at an all-time high in new york following violence on the subways. aoc and eric adams are turning on each other. todd: alexandria hoff with what comes next. good morning. liquid the conversation includes criticism over the way homelessness is treated or not treated in cities. protest erupted last night and continued following the death of jordan neely from alvin bragg to file charges against a 24-year-old marine veteran who put neely in a choke hold after he was acting erratically. here is eric adams. we are investigating, let s let the da conduct his investigation with law enforcement officials. to interfere with that is not the right thing to do, i will allow them to do their job and determine what happen here. we can ....
butjens stoltenberg stressed it was important that sweden too joined as soon as possible. president erdogan said sweden still hadn t handed over people he called terrorists. now on bbc news, sean s story: death on the ward. a warning this programme contains upsetting scenes and includes references to self harm and suicide. sean. this is sean boyle. look at the road leading to the horizon for their look. at this point, walking with his mum on sleeve gullion in county armagh, he had his whole life ahead of him. sean was a great, exciting young fella and he loved to be the centre of attention. so he enjoyed going to different places with me. and enjoyed being around people and had a lot of promise, great future ahead of him. was just simply a great, great fella. 2a years old, a music fan, interested in a career in farming near his home in newry county down. but sean also battled serious mental health challenges. there were times i cried and i watched him cry. that s for a ....
hello there. we start here in the uk, where we are about to find out if the economy has fallen into recession that s defined as two quarters in a row of negative economic growth. we already know the uk s entire economic output, or gross domestic product, shrank in the three months to september by 0.3%. injust over an hour, we get gdp figures for october to december. anotherfall would mean the uk is officially in recession. let s talk to melanie baker, senior uk economist at royal london asset management. her group managing funds worth over £150 billion. melanie, what is your prediction? for what we will hear today? fellow consensus is for a flat figure today so the economy having stagnated and i ve pencilled in the small increase but lost the forecasters expect a small fall in output and i think either way, it s not the healthiest place for the uk economy to be. ideally, you want an economy to be growing brusquely quarter on quarter and that isjust brusquely quarter ....