here s where the bank s base rate stands at the moment at 5.25% it is the highest in 15 years. the bank has raised the cost of borrowing fourteen times to try and tame soaring prices but inflation has eased sharply in recent months and the expectation now is that rates may soon start to come down. however, for those in the uk hoping for cheaper mortgages and loans there was something of a bad omen in the us, where the chair of the federal reserve seemed to dash expectations of a rate cut next month. as michelle fleury reports. the fourth meeting in a row, the federal reserve did not raise interest rates. this is the longest pause since policymakers began their aggressive rate campaign to tame inflation back in march of 2022. but for rate weary americans, well, they will likely have to wait a few more months to see any relief, given these comments by the federal chair. based on the meeting today, i would tell you that i don t think it s likely that the committee will reach a
majority of workers, they have the most votes in this. if they get behind us, then this could get through. if other small unions don t recommend this, for example unite, that might not matter. at this stage it s not clear whether all the unions are going to recommend this offer to their membership. my sense is that the unison, gmb unions will probably get behind this. but it s a big question whether the membership are going to think that is good enough. there is a lot of anger out there. and why is it a sense of suddenly more serious talks now? i was interviewing a key union leaders fought some time, so be it for them, it was completely obvious obvious, that they were offering olive branches to the government that were not being taken up. what changed? that were not being taken up. what chanced? ~ , ., ~ that were not being taken up. what chanced? ~ , ., ,, . changed? why do we look like we re closer to a hat changed? why do we look like we re closer to a hat deal chan
down. good morning from southampton, where northern ireland and england face each other in their final group game at the euros. england look to continue their winning form as they head to the quarterfinals, while northern ireland want to finish their first major women s tournament on a high. sunny in the southern half of the country at the moment but a cloudy and damp start in the north. it will brighten up. news of exceptional heat coming our way into next week. it s friday, 15thjuly. our main story. thousands of rail workers are to go on strike again as the leader of one of britain s biggest union warns of a summer of discontent . the rmt union has announced its members will strike on thursday the 18th and saturday the 20th august in their ongoing row over pay, jobs and conditions. the union had already announced a day of action on the 27thjuly. yesterday, the aslef union also said train drivers at eight rail companies would stage a walk out on saturday 30th july. sharon g
Morning, morning. With us to reflect on the winners and losers, mark harper, the Transport Secretary, and pat mcfadden, labours campaign chief. How much sleep have you had . Not enou~h how much sleep have you had . Not enough the how much sleep have you had . Not enough the same how much sleep have you had . Not enough the same election how much sleep have you had . Not enough the same election due i how much sleep have you had . Not enough the same election due to| how much sleep have you had . Not i enough the same election due to be one niaht, enough the same election due to be one night. One enough the same election due to be one night, one day, enough the same election due to be one night, one day, now enough the same election due to be one night, one day, now it enough the same election due to be one night, one day, now it is enough the same election due to be one night, one day, now it is a one night, one day, now it is a whole one night, one day, now it is a whole weekend. We o