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BBCNEWS Outside Source July 6, 2024

we start here in the uk, where the bank of england has raised interest rates to their highest level for m years. the increase will leave millions of households facing higher mortgage payments at a time when many people are already struggling with crippling energy and food bills. the bank has raised rates by half a percentage point, to 4%. the aim to make it more expensive to borrow and spend so businesses and households rein in, meaning less upward pressure on prices. uk inflation eased slightly in december but was still at 10.5%, close to the highest level in a0 years and more than five times the bank of england s target. the bank governor said inflation had turned the corner, but the battle against surging prices wasn t over yet. we have done a lot on rates already. the full effect of that is still to come through. but it is too soon to declare victory just yet. inflationary pressures are still there, and we can see that in the data and we hear it from our agents. and we ....

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BBCNEWS The Context with Christian Fraser July 6, 2024

welcome to the programme. there are tentative signs that inflation is coming under control, and the recession forecast last year will be shallower and shorter than expected. butjust to make sure, the central banks are raising the interest rates again. yesterday it was the fed, today the bank of england increased the base rate, half a point, to 4% the highest it has been in m years. we think inflation will come down rapidly, and a lot of that is down to energy prices, which have fallen rapidly. but i m afraid there are big risks out there which mean that it may not happen in that way. yet we re still seeing stronger pressure from price and wage setting in the economy in the question is, will that start to ease off? coinciding with the bank s decision came a profit announcement from shell and a rather blunt illustration of why we re all getting poorer. the oil and gas giant has reaped profits of £40 billion last year. the taxman has reaped far less. shell said it p ....

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BBCNEWS Outside Source June 4, 2024 19:57:00

Of cloud and mostly light and patchy rain, clearing northern ireland very quickly, affecting parts of northern england and then drifting its way up across scotland. something a little brighter likely to develop as we head into the afternoon across south west scotland and north west england. northern ireland brightening up quite nicely. for wales, for central and southern parts of england, here, we will see some sunny spells, often quite large amounts of cloud, but really mild 12 degrees for glasgow, 14 in london. and we start the weekend within this wedge of mild air. but as you can see behind me, there is something a little bit different waiting in the wings, some colder air waiting behind this weather front, this band of cloud and rain, which through saturday will get in across northern ireland and the western side of scotland. further south and east, england and wales largely dry with large amounts of cloud, some sunny spells, temperatures of 10, 11 or 12 degrees. but during satur ....

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BBCNEWS Outside Source June 4, 2024 19:27:00

And patchy rain, clearing northern ireland very quickly, affecting parts of northern england and then drifting its way up across scotland. something a little brighter likely to develop as we head into the afternoon across south west scotland and north west england. northern ireland brightening up quite nicely. for wales, for central and southern parts of england, here, we will see some sunny spells, often quite large amounts of cloud, but really mild 12 degrees for glasgow, 14 in london. and we start the weekend within this wedge of mild air. but as you can see behind me, there is something a little bit different waiting in the wings, some colder air waiting behind this weather front, this band of cloud and rain, which through saturday will get in across northern ireland and the western side of scotland. further south and east, england and wales largely dry with large amounts of cloud, some sunny spells, temperatures of 10, 11 or 12 degrees. but during saturday night, that frontal sy ....

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BBCNEWS The Context with Christian Fraser June 4, 2024 21:27:00

Clearing northern ireland very quickly, affecting parts of northern england and then drifting its way up across scotland. something a little brighter likely to develop as we head into the afternoon across southwest scotland and northwest england. northern ireland brightening up quite nicely. for wales, for central and southern parts of england, here, we will see some sunny spells, often quite large amounts of cloud, but really mild 12 celsius for glasgow, 14 in london. and we start the weekend within this wedge of mild air. but as you can see behind me, there is something a little bit different waiting in the wings, some colder air waiting behind this weather front, this band of cloud and rain, which through saturday will get in across northern ireland and the western side of scotland. further south and east, england and wales largely dry with large amounts of cloud, some sunny spells, temperatures of 10 12 celsius. but during saturday night, that frontal system will push southeastwa ....

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