quite simply they are doing this because of inflation and the rate of price increases and the international comparisons are clear, although inflation is falling, in the uk it is not falling by as much or down to as low a level as it is elsewhere in europe in the us, and the us, and the bank has been talking up food prices and the amount we pay for services and the speed that wholesale, lower wholesale prices are being passed through the supply chain to us. the bank talked about crystallising risks, essentially the fear that when it comes to private sector wage growth, rings might be becoming embedded so they argued they needed to continue acting despite the impact it will have on households and businesses and we know the impact it will have on uk households and mortgage holders and also those ran singh. also a warning from the bank also those renting. they said the rates will be high for a while, they are expecting inflation to meet the target of the prime minister, to
we ll bring you analysis throughout the day on bbc news and if you want to send in your questions or thoughts on the mini budget get in touch i m @bbcjoannag on twitter or use the hashtag bbc your questions. and i m lukwesa burak the other stories on bbc news. the victims commissioner for england and wales dame vera baird resigns, describing the criminaljustice system as being in chaos. a 15 year old boy has become the second person to be arrested in connection with the murder of a 15 year old boy who was stabbed outside his school in huddersfield. and author dame hilary mantel, best known for her wolf hall trilogy, has died aged 70. hello, i mjoanna gosling in westminster, in a massive shake up of the uk s finances, the chancellor kwasi kwarteng has outlined a series of tax cuts and spending commitments that will cost £45 billion by 2027. the government says its policies will help boost economic growth. but critics say funding the tax cuts will lead to unsustai
elections, they have delivered but are they overconfident? we will discuss the matter. making sure you hire heroes, not zeroes. we ll meet the man who says tech is the best way to vet new recruits. asa as a whistle blowing engineer wins $1 million for reporting a cruise ship for dumping waste, we want to know, would the chance of the big payoff make you more likely to blow the whistle? let us no. let us know. just use the hashtag bbcbizlive. hello and welcome to business live. some of the world s most powerful people from business and politics are meeting in berlin today. they also all happen to be women. it s part of an initiative called w20 set up by 20 of the world s leading nations. so who s going and what s it all about? attending the summit will be christine lagarde the head of the imf, angela merkel the chancellor of germany and ivanka trump, daughter and special assistant to the president of the united states. the group wants to highlight the issue of women s econ
Almost £100bn worth of property has sold across England and Wales despite cooling market conditions, according to research from real estate firm eXp UK. The research analysed sold price records from the Land Registry. It looked at the individual price achieved for each of 276,785 homes to have sold across England and
Specialist lender Hodge has enhanced its professional mortgage criteria, offering customers with complex incomes even greater financial flexibility. Hodge, which works with high-net-worth individuals and professionals with diverse income streams across the UK, is removing the need to meet capital repayment