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Transcripts For BBCNEWS World 20240702



britain s ecomomy is expected to have gone into reverse shrinking by 0.1%. and if that continues for the rest of the year two quarters of negative growth that would constitute a recession. the bank of england has raised the cost of borrowing to a 15 year high, to try to rein in soaring prices, and that s weighing heavily on many businesses and households. on thursday, official data showed a steep jump in the number of people falling behind on mortgage payments. our cost of living correspondent, colletta smith, reports. good morning, donna speaking, how may i help? with rates on the up, more people have been struggling to pay their mortgage bill. don t worry, i m sure we can get this sorted out for you. ..and an increasing number are now officially in arrears. you know, nobody wants to send debt collectors to your door. nobody wants that. that s not what we want. we want to help you, we want to get a solution in place with you, but we can only do that if you give u ....

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