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we start here in the uk, where the bank of england has raised the cost of borrowing to its highest level in 13 years. the quarter of a percentage point rise, to 1.25%, was less than some were expecting. but financial markets are now betting uk interest rates will have to rise a lot further from here, to get control over soaring inflation. the worry is, too steep a rise in borrowing costs could tip the economy into recession. and the warning signs are already there. our economics editor faisal islam reports. on faisal islam reports. the outskirts of doncaster, a on the outskirts of doncaster, a successful business, the crown hotel, grappling with energy, food prices and wages going up at the same time that household income is being squeezed and now a relentless run of interest rate rises to hit some buyers on variable rate within hours. hit some buyers on variable rate within hours. with got a mortgage rate within hours. with got a mortgage and rate within hours. wi ....
go on then, do it. a new report has described a systemic culture of abuse inside british gymnastics. by using our voices, we now know that there is a culture of abuse and these are children being abused. and in central africa the race to stop the plunder of rich peatlands and the release of damaging carbon dioxide. and coming up on the bbc news channel, rory mcilroy says he s in a good spot mentally, as he starts the us open with a sharp three under par round. welcome to bbc news at ten. interest rates have risen again to the highest level for 13 years, as the bank of england tries to slow the pace of rising prices. rates have increased from 1% to 1.25% the fifth consecutive rise and it comes as household finances are being squeezed by the record fuel and energy prices. inflation, the rate at which prices rise, is currently at 9%, the highest for a0 years, and the bank has warned it could go higher than 11% later this year. our economics editor faisal islam reports. ....
got within a0 feet of the vice president. uk interest rates hit their highest level for 13 years, in a bid to stem the pace of soaring prices. and in central africa, the race to stop the plunder of rich peatlands and the release of damaging carbon dioxide. live from our studio in singapore, this is bbc news. it s newsday. welcome to bbc news, broadcasting to viewers in the uk and around the world. we begin in russia. one of president vladimir putin s closest advisers, the foreign minister sergei lavrov, has told the bbc that russia has not invaded ukraine and he s repeated the official line from the kremlin that there is no war, but it s a special military operation . mr lavrov has been at the heart of power in russia for over 20 years and represented the country on the international stage for nearly two decades. earlier today, he spoke to our russia editor steve rosenberg. it was the first time sergei lavrov had agreed to meet since moscow launched its offensive in uk ....