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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 ....
as parts of europe face a drought, the first in a series of hosepipe bans is due to come into force across the south of england to try and tackle water shortages. the american conspiracy theorist alexjones has been ordered to pay more than $4 million in damages after losing a defamation case for falsely claiming the sandy hook shooting was a hoax. hello, and welcome if you re watching in the uk or around the world. in the uk, 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 of a 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 ....
widespread and heavy for northern ireland, western scotland, a few getting in to the north west for england and wales but still dry where we need that rain. temperatures 8 111, a comfortable night ahead, and tomorrow, weather wise it s almost exactly a carbon copy repeat of what we ll have to day. we ll see further showers for scotland and northern ireland, maybe a few for the north west england and wales but the further south you go across the midlands, southern wales, east anglia and the south, it s another dry day with sunshine and temperatures not really changing much either, where the sunshine comes out it will continue to feel pretty warm. it means for the commonwealth games tomorrow, no problems for the athletics, almost perfect conditions with like winds and lots of dry weather. for the start of the week and something of a change for the north of scotland with thick cloud on the way here with thick cloud on the way here with the weather front moving in, we ll se ....
as europe faces a very challenging winter ahead. that s alongside a projected interest rate hike later in britain for the sixth time in a row. fears of an extreme drought across europe grow as the severe heatwave tightens its grip. hello and welcome if you re watching in the uk or around the world. taiwan s defence ministry says china has fired multiple ballistic missiles during a set of military exercises in the air and sea encircling taiwan. beijing launched the drills in response to a visit by nancy pelosi the most senior us official to go to the self governed island in 25 years. the exercises are taking place in some of the world s busiest waterways. taiwan sees itself as independent, but china views it as its own. china s foreign ministry said nancy pelosi s visit to taiwan was a violation of the one china principle and justified its military exercises by blaming the us for the rising tensions in the region. translation: china has repeatedly made clear our stern op ....
moved to a hospice. china launches several ballistic missile tests into waters around taiwan following a senior us leader s divisive visit to the island. and how disposable facemasks are blighting birdlife in 23 countries around the world. good afternoon, welcome to the bbc news channel. good afternoon, welcome to the bbc news channel. the bank of england has predicted that the uk is set to enter a recession this autumn lasting more than a year. the bank says inflation is likely to peak at 13% by december and today it has announced the largest rise in interest rates for 27 years. the 0.5% hike means that interest rates now stand at 1.75%. the move is part of attempts to curb spiralling inflation, by making borrowing more expensive and discouraging spending. but it means mortgages and loans will be more expensive for millions of people as andy verity reports. rarely has the bank of england given out an economic warning this unsettling. it s not only forecasting the worst ....