AppoIntments. Interest rates have been cut to 5 . They have lowered Interest Rates, the Bank Of England, from 5 to 5 . Take us through thIs cut. The Bank Of England, from 596 to 5 . Take us through thIs cut. Yeah, the have 5 . Take us through thIs cut. Yeah, they have been 5 . Take us through thIs cut. Yeah, they have been at 5 . Take us through thIs cut. Yeah, they have been at 5. 2596 596. Take us through thIs cut. Yeah, they have been at 5. 2596 for 596. Take us through thIs cut. Yeah, they have been at 5. 2596 for nearly. 596. Take us through thIs cut. Yeah, | they have been at 5. 2596 for nearly a they have been at 5. 25 for nearly a year now, and of the nIne VotIng Members of the Interest Rate settIng commIttee, fIve voted to cut, four voted to hold. They were lower than by a quarter of 1 , that Is the fIrst Interest Rate cut we have seen sInce the ImmedIate aftermath of the pandemIc when rates were cut from not. 75 to not poInt to fIve and a down to 0. 1. In the InterIm, we have
I believe our leadership in the world, our vision for americas future, nominated for a second term, but nothing, nothing can come in the way of saving our democracy. That includes ambition. I decided the best way forward is to pass the torch to a new generation. Paul welcome to the journal editorial report. That was president Joe Biden on wednesday addressing the nation following his abrupt departure from the 2024 president ial race saying it was time to pass the torch to a new generation of democrats. The Oval Office remarks capped an extraordinary three days in American Politics with democrats quickly coalescing around Kamala Harris on sunday. Allowing the Vice President To Quickly Sikora the support to become the presumptive nominee. I am joined by Wall Street Journalist bill and Him Straw also. The party is coalescing behind Kamala Harris quickly. How is she able to get the delegate so fast. They wanted the chaos to stop they were very concerned about having a continued Fight Go On
And some nhs workers. The rate of inflation is currently 2 . Ms reeves told sunday with laura kuenssberg, she would announce her decision on public pay by the end of this month. Our political correspondent, leila nathoo, has the story. Millions of Public Sector workers are waiting to learn what their Pay Rises will be this year. Independent Pay Review bodies make recommendations to the government of what percentage should be awarded. Its understood that ministers have been advised to raise the salaries of teachers and nhs workers by 5. 5 , a rate that is above current inflation. Its now up to the new chancellor, Rachel Reeves, to decide if this is affordable when money is tight. And this morning, a hint of her thinking. I really value public service workers in our schools, in our hospitals, in our police as well. At the moment, we are looking at those Pay Review body recommendations and doing the analysis, and we will work with Public Sector workers on that. But we also know that there
Software caused issues on microsoft devices. The Companys Ceo apologised for the outage, saying it was not the result of a Security Incident or cyber attack. Although crowdstrike has resolved the issue, the company warns it could take some time before systems are back up and running. Our technology editor, Zoe Kleinman takes a look at what exactly happened, and how it affected patients, passengers and businesses. Music. The world woke up this morning to global chaos. Massive Tech Outages are impacting airlines, businesses, offices. Thousands of flights grounded globally, long queues, frustrated passengers. There was nothing on the boards. There was nothing. There was no ground staff. In the uk, doctors surgeries forced to let down patients. Were going to have to cancel your appointment. Businesses unable to serve customers. I tried to receive a Credit Card Payment and itjust would not accept it Credit Card and debit card. And Tv Programmes abruptly taken off air. The cause . At crowds