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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 ....
think is a mistake. i believe in it so that we are going to get there but we are going to get there in decades and not overnight. between now and then we are still going to need oil and gas and if we had got supplies in the uk it seems to me absurd not to use those because it will create jobs and also nick improves our energy security and reduces inflation. we have seen what happens when energy dictators hold us to ransom, so cutting off our own supplies of energy seems short sighted policy and it would the situation worse. on public sector pay, low value public sector workers, they do an incredible job, the nhs or the teachers, for example, and of course everyone would like to be paid more, but i have got to be cognisant of what we can afford and what is responsible and it would be dishonest to say, i m going to borrow money so i can give you a generous pay rise and make my life easier for a give you a generous pay rise and make my life easierfor a bit but knowing full ....
three hours of breaking stories, and checking out the truth behind them. let s start with that massive hunt for the missing submersible in the north atlantic which is now in a critical phase. fears are growing for the five people onboard the missing vessel, which lost contact, during a descent to the wreck of the titanic. it s thought the oxygen supply on board may have run out. but the us coast guard insists it remains focused on finding the crew alive. we were told they were certain the crew would have slows their consumption of oxygen, extending the time available for the rescue. the search area has been doubled in size, and a french ship with a robot that can reach the sea bed is on site. live now to boston where sumi somaskanda has been following the story hello matthew. that is right. this is a massive search, and you have to understand that the ships and aircraft on site at the moment are scarring an area of around 10,000 square miles. they are also trying ....
savedit been fully restored after the public saved it from the scrapheap. the public have chosen its proper name. we will reveal that after eight o clock. we have got a few showers around today, particularly in central and eastern england. for the vast majority, a sunny and warm day. full forecast on breakfast. good morning. it s thursday, the 22nd ofjune. the bank of england is expected to raise interest rates again later today, as it tries to tackle rising prices. it comes after inflation remains much higher than expected, at 8.7%. ben s here with the details. it will be a significant day for a lot of household? it will be a significant day for a lot of household? . ,., , ., , lot of household? yeah, some people facin: this lot of household? yeah, some people facing this very lot of household? yeah, some people facing this very quickly lot of household? yeah, some people facing this very quickly indeed. - lot of household? yeah, some people facing this very quickly ind ....
Are open. With so many small fashion businesses being launched using the fast paced world of social media, how do start up designers stand out . How do you get celebrities to wear your clothes . We will be asking one successful entrepreneur. And as barack and Michelle Obama both sign record book deals whose memoir would you be more interested in reading . His or hers . Let us know. Just use the hashtag bbcbizlive. Welcome to the programme. On tuesday, President Trump addressed a Joint Session Of Congress for the First Time Since taking office. In a highly anticipated speech, he spoke of restarting the engine of the american economy. The president reiterated his intention to slash Corporation Tax ....