and 48 hours to come up with the next generation of video games. we ll be hearing from the man behind the global gamejam. hello there. we start here in the uk, where the bank of england has raised the cost of borrowing for the tenth time in a row. the half a percent rise puts uk interest rates at 4%, their highest level in more than 1a years. a bonus, of course, for savers, but it piles more pressure on businesses and those with mortgages, loans and credit card debt. the good news is that the bank now thinks the uk s recession will be shorter and less severe than it previously thought, and there s a hint that rates may not have to go any higher. but a recovery could take years as our economics editor faisal islam reports. the squeeze continues. an official interest rate of 4% should not feel huge, but it does, and notjust here in nuneaton, forjoanne, who runs a furniture and gift shop. the mortgage a furniture and gift shop. the mortgage on a furniture and gift shop. th
an emotional appeal to the public from the family of nicola bulley to help find her. and a warning that mammals such as foxes and otters are contracting avian flu after eating dead birds. and coming up on the bbc news channel: the countdown is on to the six nations, as england s new coach steve borthwick goes for a more youthful side. good evening and welcome to the bbc news at six. the bank of england has rasied interest rates to 4%, their highest level for m years, as it continues its attempts to curb soaring inflation. the latest rise, the tenth in a row, will mean higher mortgage payments for homeowners with a typical tracker mortgage. but people with savings should benefit. the bank also said that the uk is set to enter recession this year though it could be shorter than was previously forecast. and it also predicted a significant fall in inflation by the end of this year. our economics editor, faisal islam, has all the details. sophie, rates have been raised consistentl
takes a lot of money out of the economy and reduces spending and that does actually bring down the rate at which goods and services, the prices, are increasing. food obviously the prices, are increasing. food obviously comes the prices, are increasing. food obviously comes within - the prices, are increasing. food obviously comes within that. i the prices, are increasing. food obviously comes within that. thank you. that s a great way to explain why the bank is hoping that what they are doing will actually see prices fall. during this period of inflation. this next one is for you, susie. this question came in from michael webber. can you advise when will the banks pass on the interest rates to customers who have mortgages and also customers who have savings accounts, please? this is an interesting question because those two groups are affected quite differently, aren t they? the? those two groups are affected quite differently, aren t they? differently, aren t they? they are indee