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the bbc is told the national living wage is set to rise to £9.50 per hour in this week s budget. the build up of warming gases in the atmosphere rose to record levels last year, despite the pandemic. the prime minister says he s worried next week s climate change summit may not reach agreement on solutions. it s going to be very, very tough, the summit. and i m very worried because it might go wrong. we might not get the agreements that we need. it s touch and go. it s very, very difficult, but i think it can be done. and i think if you look at what the uk has done, we ve cut our own co2 emissions massively. and coming up in sport on the bbc news channel: good news for england cricket fans, as ben stokes is added to the ashes squad who will head to australia next month. good afternoon and welcome to the bbc news at one. the united nations says afghanistan is heading for catastrophe with millions facing starvation, and the harsh winter months still to come. the world food pro
of the champions league. interest rates have risen to their highest level since 2009. the bank of england has confirmed the rise from 0.75% to 1%. it s part of an attempt to keep rising inflation in check by encouraging people to save money by borrowing and spending less. but as families contend with the soaring cost of living, higher mortage payments will make financial challenges even more painful for millions of households. andy verity reports. the global economy reopening after a pandemic and a war in ukraine, don t ask what that has got to do with the price of cheese. the answer is everything. price of cheese. the answer is everything- price of cheese. the answer is everything. prices are going up weekl , everything. prices are going up weekly. you everything. prices are going up weekly, you know? everything. prices are going up weekly, you know? will- everything. prices are going up weekly, you know? will - everything. prices are going up weekly, you know? will
spring now comes three weeks earlier than it used to in the 1940s. hello to you, a warm welcome to bbc news. the bank of england has increased interest rates by a quarter of a percentage point, to 1%, as it tries to damp down rising prices. it predicts inflation will rise to more than 10% this year the highest rate since 1982. in a gloomy assessment, the bank has also forecast the economy will contract next year, leaving the uk facing a period of so called stagflation when prices rise quickly, but economic growth is slow. here s our economics correspondent, andy verity. the global economy reopening after a pandemic and a war in ukraine don t ask what that has got to do with the price of cheese. the answer is everything. prices are going up weekly, you know? milk prices have gone up vastly in the last three or four months, butter is going up £5 a case, and then it has gone up another £5 a case. which 0k, it is good forfarmers, they are getting a decent price for their