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and the rate of core inflation which strips out volatile items like food and fuel is actually going up. rising interest rates are piling the pressure on millions of mortgage borrowers here in the uk who are facing steep rises in monthly bills. the bbc has been hearing from some of them. rebecca from greater manchester, craig in cambridgeshire, and rose who lives in hampshire. just three homeowners out of hundreds of thousands of people facing a huge rise in their mortgage costs over the coming months. at this moment in time, at the end ofjune, i will make my final payment of £434 when my current deal ends, and thereafter i have been told to expect my payments will be over £1,800. i m currently paying £560 a month. at the end ofjuly, it will go on to variable and it will go up to £1,200 a month. 0ur mortgage has gone up by over £2,200 a year. - it s a huge impact on our- expenditure and has an impact on the family as a whole. rose has already been cutting co ....
which strips out volatile items like food and fuel is actually going up! rising interest rates are piling the pressure on millions of mortgage borrowers here in the uk who are facing steep rises in monthly bills. lets hear from some of them. at this moment in time, at the end ofjune, i will make my final payment of £434 when my current deal ends. and thereafter i have been told to expect my payments will be over £1,800. i m currently paying £560 a month. at the end ofjuly, it will go onto variable, and it will go up to £1,200 a month. 0ur mortgage has gone up by over £2,200 a year. - it s a huge impact . on our expenditure, and it has a huge impacti on the family as a whole. the government s finance chief chancellor of the exchequerjeremy hunt says bailing out struggling borrowers only risks stoking inflation further no matter what the pressure from left, right or centre, we won t be pushed off course. because if we re going to help families, if we re going ....
we want to get to the september jobs report. the unemployment rate dropped to 3.5%. what does this mean for future interest rate hikes? meanwhile, the markets are reacting, the dow down around 400 points and it comes as americans face a convergence of economic pressures from rising prices at the gas pump, rent and mortgage rates up, and inflation burning a hole in our wallets. we could hear from president biden as he heads to maryland. we ll watch to see if he stops to comment on this report. with me now brian cheung, josh letterman, also joins us, host of public radio s full disclosure and politico chief chief correspondent. the biggest jobs gains were in leisure, hospitality, health care. i think the big takeway is that the labor market still appears to be chugging along. americans have options out there. with the unemployment rate a 3.5%, by the way, multidecade lows on that front, you re not seeing the traditional recessionary dynamics in this labor market whe ....
we ll bring you analysis throughout the day on bbc news and if you want to send in your questions or thoughts on the mini budget get in touch i m @bbcjoannag on twitter or use the hashtag bbc your questions. and i m lukwesa burak the other stories on bbc news. the victims commissioner for england and wales dame vera baird resigns, describing the criminaljustice system as being in chaos. a 15 year old boy has become the second person to be arrested in connection with the murder of a 15 year old boy who was stabbed outside his school in huddersfield. and author dame hilary mantel, best known for her wolf hall trilogy, has died aged 70. hello, i mjoanna gosling in westminster, in a massive shake up of the uk s finances, the chancellor kwasi kwarteng has outlined a series of tax cuts and spending commitments that will cost £45 billion by 2027. the government says its policies will help boost economic growth. but critics say funding the tax cuts will lead to un ....
from joe biden or the democrat leadership. instead, biden s doj is probing texas while keeping silent on the thousands of pounds of fentanyl seized at the border and the hundreds of millions of dollars taken in by criminal cartels who are currently controlling america s entry points. coming up, texas governor greg abbott on fighting back and why the mexican government has now sided with biden in endorsing beto o rourke. then, shock and disbelief over the assassination of former japanese prime minister shinzo abe. his wake and funeral coming up this week as the free world mourns a strong leader and ally. coming up, tennessee senator marsha blackburn on chinese state media mockings mocks, even celebrates abe s murder online. is a cover-up underway of 150 suspicious reports for hunter and james biden in how big were the transfers of money? if wisconsin senator ron johnson on his investigation of hunter s business deals in china, russia and ukraine and whether the comma ....