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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 ....
low pressure slowly starts moving eastwards into the north sea but there will be showers pretty widely overnight and it will remain breezy. a frost free nights with temperatures between 4 9 celsius. the weekend is going to be dominated by that low pressure. it might be moving out of the way but still close enough to bring in some showers. more rain on the way for the second half of the weekend. saturday s forecast, another showery day with a greater chance of seeing showers across northern ireland, parts of northern england, the midlands and east anglia. across wales and south west england the weather should become drier through the afternoon as pressure rises with a bit more sunshine to end the day. temperatures for most still on the mild side but the second half of the weekend sees some cooler air arriving across the north of the uk whereas in the south we have low pressure moving in, bringing a zone of rain across parts of england and wales. further north, we will se ....
24 hours ago. it was weaker than the category 4 muster that slammed into florida wednesday but did plenty of damage from charleston to myrtle beach and beyond with high winds and storm surging flooding there and the reminiscence of one of the strongest hurricanes ever to hit the u.s. still on the move now bringing heavy rain to the northeast. eric: fox news coverage for you molly line in charleston with the very latest. meteorologist adam klotz is tracking the storm s path. rich edison the latest on the federal response. first steve hardball gone, live on florida s gulf coast in north port where crews are working away trying to get away from the ruble and destruction. the airboat just pulled in. big fan allows boats to take little bit of water in shaw low. here comes another one in. a lot of these are privately-owned boats. people use them to fish or go out in everglades and using them to help neighbors. we see people pull in with luggage and pets as well. the real ur ....
just moments ago, governor ron desantis revealed that all of lee county is out of water. and here in fort myers with the sun now up, you can see the level of wreckage residents are gramming with in the wake of this brutal storm. i m just going to give you a piture of a random sm of the brutality of this storm. here on the marina, there was a couple shops a little b and b getting ready to set up shop above it. the wine bottles that were stored in here are perfect. none of them broke. and yet when you see the intensity of it, talk about randomness, you see the bed. you have the mattress and the box spring. they are not separated. but the building is blown out. is and here is what is just gives you a real clear idea of the ferocity of the storm. the water and the wind. this is a 50-foot yacht. it was docked over here. it ended up on top of that suv. it didn t clear the power lines, but look where it ended pup. and do you see that big ship over there? that one was docked be ....
hurricane-force winds already recorded offshore from charleston. the national weather center warns storm surge is expected there. people are warned to take this storm seriously especially after what was seen and happened from ian in florida. more striking images are emerging as well. capturing the level of devastation especially where the storm came on shore in southwest florida. you re looking at have i had from sanibel island showing the community torn apart, completely severed from the mainland. people stranded without water and power. cleanup efforts have begun in some areas, including fort myers beach. residents still reeling from all of this destruction. i mean, there s just stuff going everywhere. i ve lived here my whole life, it s unreal. we thought possibly we were one of the lucky ones. unfortunately it s really too sad for me to talk about. thank you, guys. some areas, high floodwaters are still a major concern, not yesterday receded. governor ron ....