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From 5 to 5. 25 . And for the first time, its suggested that rates will stay higher for longer in an attempt to drive down stubborn inflation the rising cost of goods and services by reducing the amount of money we have to spend. Although todays increase means Borrowing Costs are at their highest level since 2008, it follows an era of unprecedented low rates. In previous decades, rates were much higher we can see here that in the 1980s rates got up to 18 before gradually falling. The bank today cut its forecast for economic growth, though it said the uk will avoid a recession. In a moment, well hearfrom savers, as well as families trying to cope with increasing costs, but first, heres our Chief Economics correspondent dharshini david. From cafe says customers may resist rate as higher mortgage and rent payments bite, to Est ....
trump s legal team went to the justice department to meet with the one and only jack smith. remember, just two weeks ago, trump s lawyers sent an official letter to attorney general merrick garland asking for a chance to make their case. the attorney general was not at today s meeting, we don t know everything that was discussed. but the washington post reports this, people familiar with the matter say trump s lawyers asked the department of justice not to charge the former president. earlier, former federal prosecutor andrew weissmann said this meeting is a sign of what s to come. there is no reason to have the meeting if there weren t going to be potential charges. when you look at what the facts are, it would actually be a violation of the rule of law for donald trump, not to be charged. not long after, his lawyers left the department of justice, donald trump himself posted this on his social media platform, quote, how can doj possibly charge me, who did nothing ....
stuff. did you know the end of pink richard nixon, i think $18 million for what he had? in an indictment watch. the trump attorney for the case directly to jack smith in washington. the exact same thing happened in manhattan. just to bet stories make an argument and leaving charges. tonight sorry no bronze night showdown and what it can mean for charges. he could be wearing an ankle bracelet while accepting the nomination. plus, former cia director john brennan on the national security concerns. then, a roundtable of white house insiders, kate bedingfield, robert gibbs, and me. but there s an awful lot of really good republicans. the maga republicans are different breed. and the republican field shrinks by one. and that is the strategy. every candidate we needs to see the responsibility of getting out quickly. new hampshire governor, kristen, joins me live when all in starts right now we good evening from new york i am jen psaki in for chris hayes toni ....