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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 BBC News July 7, 2024

are you a first time buyer, have recently taken on a mortgage or are looking to move how is this impacting you? do get in touch on twitter @annitabbc or use the hashtag #bbcyourquestions. cuba is completely without power after hurricane ian has struck the western end of the island. two people are reported dead. florida now braces itself for the category three hurricane with life threatening winds, floods and tidal surges. leaders of several european countries claim that rare gas leaks that have hit the nordstream pipelines were not accidents but deliberate acts . gas flows in the nordstream 1 pipeline were stopped in august. the president of ukraine has pledged to protect citizens in areas of his country which could be annexed by moscow after the kremlin held unofficial referendums. hello and welcome if you re watching in the uk or around the world. watching in the uk the international monetary fund which works to promote stability in the global economy has cri ....

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BBCNEWS BBC News July 7, 2024

interest rates have gone up by three quarters of a percentage point, the biggest increase for more than 30 years. it pushes the base rate up to 3%, as the bank of england tries to control inflation. it s the eighth rise in a row, meaning higher mortgage bills for many homeowners. meanwhile the bank has also warned the uk could be on course for its longest recession since reliable records began, over a century ago. our economics correspondent, andy verity, reports. it is the biggest interest rate rise in a third of a century. the cost of living has been rising at its fastest rate for a0 years for global reasons but the bank of england is trying to prevent runaway inflation from becoming embedded in the domestic economy. these are big changes, they have a real impact on people s lives, so why are we doing it? and why are we doing it now when so many people are already struggling with higher energy and food prices and other bills? quite simply we are increasing the bank ra ....

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BBCNEWS BBC News at Six July 7, 2024

conclusion that all this will require a significant monetary policy response. require a significant monetary policy response. we ll have the latest on the uncertainty, and on the government s remaining options. also on the programme. north and south in a day, the new prince and princess of wales make their first official visit, while talk of an investiture is being downplayed. and how nasa has tested its ability, to deflect an asteroid speeding towards earth at 12,000 miles an hour. and coming up on the bbc news channel. scotland round off their nations league campaign in poland tonight. avoid defeat against ukraine gives them promotion, as well as a play off spot for euro 202a. good evening. the united kingdom needs a fresh start , and a way out of the endless cycle of crisis , caused by the conservatives, that s the message from sir keir starmer, the labour leader. in a speech to the labour conference, he was scathing in his criticism of the government s handling of ....

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BBCNEWS BBC News July 7, 2024

i think it s hard not to draw the conclusion i think it s hard not to draw the conclusion that all this will require conclusion that all this will require a significant monetary policy require a significant monetary policy response. ukraine accuses russia of sabotaging two major gas pipelines to europe in what it describes as a terrorist attack . the kremlin says it s concerning . hundreds of thousands of people are without power in cuba after a hurricane hit the island with wind speeds over 120 mph. it s now heading for florida. and it s liverpool vs glasgow, in the battle to find out which city will host eurovision 2023. the labour leader sir keir starmer has told his party s conference that the united kingdom needs a fresh start and a way out of what he called the endless cycle of crisis caused by the conservatives. in his speech to delegates in liverpool, he was scathing in his criticism of the government s handling of the economy especially of last week ....

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