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Transcripts For BBCNEWS BBC News 20240707

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 falli

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Transcripts For BBCNEWS BBC News 20240707

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 see a bi

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Transcripts For BBCNEWS BBC News 20240707

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 infla

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