Transcripts For BBCNEWS Verified 20240704

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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 half inflation this year, and it will still remain above the target of the bank, 2%, into the middle of next —— the middle of 2025 which means that the interest rate will remain high for a while as well. . ., ., , let's speak now to tony yates, former head of monetary strategy at the bank of england. this is a tight rope that the bank is having to walk. is it doing the right thing?— is having to walk. is it doing the riaahtthin? ., _ . ., right thing? probably. we can argue about whether _ right thing? probably. we can argue about whether they _ right thing? probably. we can argue about whether they are _ right thing? probably. we can argue about whether they are hiking - right thing? probably. we can argue i about whether they are hiking enough or too much but the big picture is they are worrying about how high inflation is and how long it has been above its target and they have not yet seen a decisive fall in inflation back towards target but on the other hand, a lot of the pain from previous interest rate rises has yet to be felt so there is a worry that when we look back on it, they may have overdone things. eame they may have overdone things. some --eole they may have overdone things. some peeple believe — they may have overdone things. some peeple believe it _ they may have overdone things. some people believe it is _ they may have overdone things. some people believe it is not _ they may have overdone things. some people believe it is notjust _ they may have overdone things. some people believe it is notjust down to the bank of england to control inflation and that there needs to be other ways of doing it that do not involve the bank and that involve potentially the government. is there an argument to say there's too much responsibility being put on the bank of england and this is a tour but it is a blunt instrument? it is of england and this is a tour but it is a blunt instrument?— of england and this is a tour but it is a blunt instrument? it is a blunt instrument. _ is a blunt instrument? it is a blunt instrument, and _ is a blunt instrument? it is a blunt instrument, and in _ is a blunt instrument? it is a blunt instrument, and in the _ is a blunt instrument? it is a blunt instrument, and in the days - is a blunt instrument? it is a blunt| instrument, and in the days before the bank was given responsibility, it all rested with the government, and the government as it approaches and the government as it approaches an election has got that most clearly in sight rather than meeting inflation targets. that did not go down well which is why we are where we are. imagine a world in which you had a bit more help from fiscal policy then we are getting, but we are not in that world.— are not in that world. let's talk about broadening _ are not in that world. let's talk about broadening this - are not in that world. let's talk about broadening this out. - are not in that world. let's talk| about broadening this out. why are not in that world. let's talk i about broadening this out. why is are not in that world. let's talk - about broadening this out. why is it that the uk still suffering from the stubbornly high core inflation? it is going down but it is still pretty high and we seem to be suffering in a way that other countries are not. it is a bit of a mystery. it could be that our policymakers were a bit slower to react than others or it could be something to do with the economy, lingering effects of brexit, or to do with the exposure of our agricultural sector and the energy supply sector to the shocks that vladimir putin's invasion of ukraine hit us with. if that vladimir putin's invasion of ukraine hit us with.— ukraine hit us with. if you were advisin: ukraine hit us with. if you were advising the — ukraine hit us with. if you were advising the monetary - ukraine hit us with. if you were advising the monetary policy i advising the monetary policy committee today, what would your advice be? i committee today, what would your advice be? ., �* ~' committee today, what would your advice be? ., �* ~ ., advice be? i don't think i would have voted _ advice be? i don't think i would have voted for _ advice be? i don't think i would have voted for a _ advice be? i don't think i would have voted for a hike _ advice be? i don't think i would have voted for a hike just - advice be? i don't think i would have voted for a hike just yet . advice be? i don't think i would i have voted for a hike just yet but i would have been in the minority, just one person on the committee voted to keep rights on hold. i'm worried they will look back and find they have overdone it and there is quite a bit more pain to come through from the rate rises they have already done, especially in light of the fact that people's expectations of what will happen to inflation on the streets have not really got out of whack so it seems that people do not feel the bank has not lost control and that is the main thing the central bank is worried about. i think they could have been a bit more patient. thanks for “oininu have been a bit more patient. thanks forjoining us- — live now to london where we can join richard donnell, executive director of property website zoopla. we talk about high mortgage rates in the uk and how they impact property owners and mortgage holders. the forgotten element of this is that there is a huge rental market in the uk and those people are also impacted by higher mortgage rates. explain why. that impacted by higher mortgage rates. exlain wh. . , impacted by higher mortgage rates. exniain why-— explain why. that is right. 60% of landlords who _ explain why. that is right. 6096 of landlords who own _ explain why. that is right. 6096 of landlords who own property - explain why. that is right. 6096 of landlords who own property do i explain why. that is right. 6096 of l landlords who own property do have mortgages and around half of those have quite large mortgages, more than half of that, being more than half the value of the property, and when rates go up, when they come to finance, they are under the greatest pressure and their costs go up and then they are looking to pass on the high rental costs onto their renters and in the last few years renters have seen some steep increases in rent, and when we look at mortgage rates pushing up mortgage payments for the average person with a mortgage, renters have experienced a £3000 per year increase on average in the amount of rent they are paying. in the amount of rent they are -a in. ~ ., in the amount of rent they are .a in. _ ~ ., , in the amount of rent they are -a in. ~ . , ., , in the amount of rent they are .a in, ~ . , . , the paying. what is the answer? the answer is. _ paying. what is the answer? the answer is, not _ paying. what is the answer? the answer is, not all— paying. what is the answer? the answer is, not all landlords - paying. what is the answer? the answer is, not all landlords pass| paying. what is the answer? the i answer is, not all landlords pass on higher rents. flan answer is, not all landlords pass on higher rents-— higher rents. can they afford not to? if higher rents. can they afford not to? if you _ higher rents. can they afford not to? if you don't _ higher rents. can they afford not to? if you don't have _ higher rents. can they afford not to? if you don't have a _ higher rents. can they afford not. to? if you don't have a mortgage, ou will to? if you don't have a mortgage, you will probably _ to? if you don't have a mortgage, you will probably have _ to? if you don't have a mortgage, you will probably have a _ to? if you don't have a mortgage, you will probably have a lot - to? if you don't have a mortgage, you will probably have a lot of - you will probably have a lot of strong cash flow so you don't need to pass it on, and i think... but there is a _ to pass it on, and i think... but there is a cost _ to pass it on, and i think... but there is a cost of— to pass it on, and i think... but there is a cost of living crisis, so even landlords without a mortgage are feeling the pinch? timer;r even landlords without a mortgage are feeling the pinch?— are feeling the pinch? they are. a landlord does _ are feeling the pinch? they are. a landlord does not _ are feeling the pinch? they are. a landlord does not want _ are feeling the pinch? they are. a landlord does not want a - are feeling the pinch? they are. a landlord does not want a void - landlord does not want a void period, they are not in the business of turfing tenants out as they need, but equally when they are under pressure, they need to increase rents, normally in line with the market, so we need to stop landlords leaving the rental market and we need to get more supply into the rental market because it is only by increasing supply that we can bring rental growth under control. you run a --roe rental growth under control. you run a prepertv website — rental growth under control. you run a property website and _ rental growth under control. you run a property website and this - rental growth under control. you run a property website and this means i a property website and this means you have the finger on the pulse of the uk property market. what is the trend in terms of the uk property market? irate trend in terms of the uk property market? ~ . , trend in terms of the uk property market? ~ ., , ., :: , ., , market? we have seen a 2096 drop in the number — market? we have seen a 2096 drop in the number of _ market? we have seen a 2096 drop in the number of people _ market? we have seen a 2096 drop in the number of people looking - market? we have seen a 2096 drop in the number of people looking to - market? we have seen a 2096 drop in the number of people looking to buy | the number of people looking to buy property on our website ever since mortgage rates started going up, and we have not seen a drop to match what happened after the mini budget last year. 30—ao% by with a small mortgage but the real squeeze is on the first time buyers but that varies across the country. if you are a first—time buyer in the north—east of england, even with the mortgage rates, it is cheaper for you, your mortgage payments will be cheaper than your rent which is not the case in the south of england, so the case in the south of england, so the big impact is the impact of interest rates is much greater in the south of england and it is in the south of england and it is in the north and scotland. what the south of england and it is in the north and scotland. what advice would ou the north and scotland. what advice would you give _ the north and scotland. what advice would you give to — the north and scotland. what advice would you give to anyone _ the north and scotland. what advice would you give to anyone thinking i the north and scotland. what advice would you give to anyone thinking of getting onto the property ladder? would you advise people to wait? base rates, mortgage rates are close to peaking at the moment, and there is a risk they could increase but it looks like they are picking. we are seeing some people waiting and larger homes, we are seeing fewer sales of 3—4 bedroom houses because people already have a home and they are waiting before they buy a big one but the renters who are lucky enough to be in a position to buy, we are seeing opportunities for them to buy houses as people try to get out of the property market but that only works really outside the south—east of england unless you have a very large deposit. south-east of england unless you have a very large deposit.- have a very large deposit. thanks for “oininr have a very large deposit. thanks forjoining us- _ have a very large deposit. thanks forjoining us. really— have a very large deposit. thanks forjoining us. really good - have a very large deposit. thanks forjoining us. really good of- have a very large deposit. thanks forjoining us. really good of you | forjoining us. really good of you to come to talk to us on the bbc. security has been tightened in washington ahead of former president donald trump's appearance in court later. he'll be formally charged with plotting to overturn the result of the presidential election in 2020. these are live pictures from outside the court building. reporters have been arriving early to secure a place to watch the proceedings — several hours ahead of mr trump's expected appearance. the 45—page indictment accuses mr trump of knowingly spreading "pervasive and destabilising lies" — and threatening american democracy. mr trump's campaign has compared the allegations to persecution in nazi germany. our correspondentjon donnison is outside the court for us now. did you get a good spot? we have a decent spot — did you get a good spot? we have a decent spot but _ did you get a good spot? we have a decent spot but there _ did you get a good spot? we have a decent spot but there are _ did you get a good spot? we have a decent spot but there are dozens i did you get a good spot? we have a decent spot but there are dozens of| decent spot but there are dozens of tv crews lined up alongside me from the media around the world and some journalists have camped out overnight since yesterday afternoon to get one of the few spots actually in the court room itself. donald trump is not due here until around another six hours and the appearance is expected to be pretty brief. the four criminal charges will be read out and he is expected to plead not guilty. and then we think he will fly back to his golf resort in bedminster newjersey. talk fly back to his golf resort in bedminster new jersey. bedminster newjersey. talk us throu~h bedminster newjersey. talk us through the _ bedminster newjersey. talk us through the indictment - bedminster newjersey. talk us through the indictment because bedminster new jersey. talk us - through the indictment because there are many elements that could potentially mean the president is found guilty, but there are also elements about this being a speedy trial? , , ., . ., . ~' elements about this being a speedy trial? , , ., . ,, ,, trial? this is what jack smith wants, trial? this is what jack smith wants. he — trial? this is what jack smith wants, he wants _ trial? this is what jack smith wants, he wants this - trial? this is what jack smith wants, he wants this to - trial? this is what jack smith i wants, he wants this to happen quickly, and you have to remember that donald trump is facing two trials next year already, one over the holding of thousands of classified documents after he left office at his mar—a—lago estate in florida and most of those charges are under the espionage act and also the case in new york of allegations he paid hush money to a porn star stormy daniels who claims she had an affair with stormy daniels who claims she had an affairwith him, and he stormy daniels who claims she had an affair with him, and he denies. that trial also happening in the spring and then we have the next presidential election of which donald trump is the frontrunner to win the republican nomination next november. jack smith wants the trial to happen as soon as possible and donald trump does not want it to happen in washington, dc because he says he will not get a jury that is impartial. this is a part of the country that votes very heavily for the democrats and he wants it pushed back until after the election potentially stop and then if he was to win the presidency, there is the possibility on these federal charges, that he could then pardon himself which would of course be something completely unprecedented. thanks forjoining us. greenpeace activists were arrested after climbing onto the roof of the prime minister to protest at a hundred new north sea oil and gas licences. there has been a fierce arrest according to the latest reports. —— a fifth arrest. the campaigners were unfurling the oil black fabric on the house of the prime minister rishi sunak in the north yorkshire village where he owns this property. at the time of need that he or his family were present. —— at the time neither he. four arrests on suspicion of causing criminal damage and being a public nuisance and we now hear there has been a fifth arrest. more on that later in the programme. around the world and across the uk. this is bbc news. let's look at some other stories making news. homeware retailer wilko has warned that is heading towards administration. the business, well—known for its affordable everyday items, employs 12,000 people, has around 400 stores across britain. it says it's facing mounting cash pressures, and has taken the difficult decision to seek administrators as it tries to secure a rescue deal. last month the number of people heading out to the shops fell for the first time in ia years as the uk grappled with one of the wettest months on record. analysis firm, springboard, says overall footfall was down by 0.3%, the first drop injuly since 2009. high streets were hit hardest but shopping centres and retail parks got a boost in visitor numbers. police investigating the disappearance of a woman have released cctv of her — in an attempt to find her body. a murder investigation was launched after 48—year—old fiona holm was reported missing in london by her family onjune 29th. officers believe she was killed up to nine days earlier having last been seen on cctv on 20 june. you're live with bbc news. lizzo has given her first response to what she says are "false allegations" of sexual abuse and fat—shaming. three of her former dancers filed a lawsuit against the us star accusing her of discrimination, assault, false imprisonment and religious and racial harassment. in an instagram post today lizzo responded saying she usually doesn't respond to false allegations but these are as unbelieveable as they sound and too outrageous to not be addressed. the singer called the last few days "gut—wrenchingly difficult and overwhelmingly disappointing". lizzo is known for her body positivity and openly talks about being plus size. live to our newsroom and our culture reporter, daniel rosney. remind us of what the allegations are. on tuesday there was a 45 page complaint filed to a los angeles court by three of lizzo's for my dancers accusing her of a lot of things, they relate to religious harassment, sexual harassment, discrimination, and fat shaming, essentially. some of the claims are against the production company and some of them directly against lizzo. there is a key one which is an allegation that one of the dances said earlier this year they were out in amsterdam and they had been on a world tour and they were at a strip club and the dancer felt pressurised into touching a naked performer in a strip club as lizzo was chanting her name until she did so. in the statement from lizzo, it is quite vague and it does not necessarily respond to individual allegations but there is one which reflects to that claim ijust but there is one which reflects to that claim i just spoke about where it says lizzo says, i'm very open with my sexuality and expressing myself but i cannot accept and allow people to use the open is to make me out to be something that i am not. —— to use the openness. out to be something that i am not. -- to use the openness.— -- to use the openness. lizzo has come out — -- to use the openness. lizzo has come out with _ -- to use the openness. lizzo has come out with an _ -- to use the openness. lizzo has come out with an instagram - -- to use the openness. lizzo has come out with an instagram post| -- to use the openness. lizzo has i come out with an instagram post and she has called the allegations outrageous. she has called the allegations outrageous-— she has called the allegations outrageous. she has called the allegations outrareous. ,, , ., ., , outrageous. she says they are false alle . ations outrageous. she says they are false allegations and _ outrageous. she says they are false allegations and they _ outrageous. she says they are false allegations and they are _ outrageous. she says they are false allegations and they are too - allegations and they are too outrageous not to be addressed and she says it is never her intention to make anyone feel uncomfortable or as part of the team. since the allegations were made on tuesday formally, a 44 page complaint filed to a court in los angeles in the us, we had contacted lizzo and what we haveis we had contacted lizzo and what we have is a personal statement but what we do not have is any legal documents and representations that she may have hired because of the complaint. lizzo is saying they are false allegations but it does not move the story on legally and say whether her team will be fighting these accusations in court. the three dancers say they demand a trial byjury and whether or not that will happen and whether it will be settled out of court is a question that will be asked over the coming days but we have not heard directly from lizzo since the statement was put on instagram and twitter. we have made contact with her team but we have not heard anything back. her team but we have not heard anything back-— her team but we have not heard anything back. thanks for “oining us. france says it has finished the evacuation of its citizens from niger — after last week's military coup. officials say more than 1,000 people have been airlifted out of niger — including nationals from a number of other countries. in the capital niamey — a crowd of protesters have gathered in support of the coup. on the anniversary of the country's independence from france — a coalition of organisations — denounced the sanctions imposed on niger by the west african regional bloc — ecowas. our africa correspondent catherine byaruhanga says anti—french sentiment is running high among the demonstrators in niamey. crowds have been gathering at the independence square in the capital face—i—macro and they say they are there to show support for the military which has taken power —— niamey. one man said he believed that the people of niger were finally freeing themselves from the yoke of colonisation but it is important to note there are other people in the country who do want the return of a civilian government and in the last few days the regional bloc ecowas has tried to mediate in the crisis and they have sent a high—level delegation to get the army to step down from power by the army to step down from power by the weekend. ecowas say if this does not happen there is a possibility they might use military force to remove the coup leaders in the country. all of this instability has caused concern for western countries in particular. they have been evacuating their nationals from the country and france says it has finished its evacuations of civilians from the country. they have also taken british people and germans and others out of niger. uk says it is temporarily withdrawing some of its staff from its embassy in niger and some of its staff from its embassy in nigerand the some of its staff from its embassy in niger and the us says it will do the same as well. he was on his way back but he escaped and travelled to the border. the un command said it was hoping to bring private king home. here, a patient and surgeon who were part of a ground—breaking brain operation, which made headlines around the world in 2020, have been reunited to celebrate its success. dagmar turner was able to play her violin during the proceedure to remove a tumour — which her surgeon said was an indicator that no damage was being done to the part of the brain responsible for her hand movement. they've been speaking to our reporter, wendy hurrell. it was a musician's need to play violin after removal of a brain tumour and a surgeon's understanding of the intrinsic value of music that led to this moment in medical history. my oncologist was very, very good. he said to me, "dagmar, we need a plan." only that plan didn't involve my music. so in the end, i said to them, "do you think i should play my violin during operation?" and he looked at me and said, "well, we need to discuss this with the professor, but what an interesting idea." i said, "yes, we can try that." and the rest is pretty much history. music was so important to dagmar's quality of life and everything that she was. she was kind of hesitant to have this conversation with somebody who was a great surgeon but didn't understand the musical side, whereas because of my musical background, i felt that, ok, we can at least have that conversation. now they're part of the newly refurbished hunterian museum at lincoln's inn fields. pretty cool, isn't it? it is pretty cool. i mean, as a medical student, i mean, this is hunterian museum, royal college of surgeons, probably the most coveted museum of anatomy and surgery in the world. as a medical student, you only dream of actually coming to london to see this. now, we are both, thanks to dagmar, part of this for generations to come. so, this is really massive. it did sort of take off around the world, that picture. yeah, somebody asked me for a violin lesson from south africa. and i said to someone, i said, look, what do you expect? i'm a woman, i'm blonde, and theyjust take most of my brain out. they didn't put it back in. and you expect an answer from me? and the guyjust looked at me, like, "i'm so sorry." and as you can see, we haven't knocked out her sense of humour centre in the brain at all! it works perfectly well! yeah, but i'm german. i never had any! she's from germany and she arrived in the uk and the tumour was discovered. i was born in iran, travelled, lived in the uk and some other fate brought us together to deliver this one operation. and that is interesting, isn't it? that's how we ended up in the hunterian museum. yes, exactly. how we ended up in the museum, absolutely. wendy hurrell, bbc news. what a lovely story. scientists say a prehistoric whale discovered in south america could be the heaviest animal to ever exist on planet earth. the mammal called peru—set—us colossus could have weighed 200 tonnes, more than even the very largest blue whales of today. 18 of its bones were found in a desert region in southern peru. this is what so much of the world's media are watching today, the courthouse in washington where we are expecting donald trump to be formally charged at a court hearing later today for allegedly plotting to overturn the 2020 presidential election. he will be appearing in front of the federal courthouse in washington, dc at about four o'clock local time which is eight o'clock gmt. we will have coverage of that here. stay with us here on bbc news. hello. the weather is not looking too bad over the next couple of days, generally sunshine and showers knocking around. however, as we head into saturday, it's going to turn very wet, particularly so across northern ireland, england and wales. and bear in mind, parts of the south of the uk, even though we're only three days into the new month, have already had a third of the average rainfall. there's more on the way, as i say. today is an ok day, though. sunny spells and passing showers. the showers probably most frequent across parts of the midlands running into eastern england. quite a few showers for northern ireland, but they'll tend to be quite light and i suspect the showers become a little bit less widespread for wales and south west england. so more in the way of dry weather here increasingly through the afternoon. so some of you will stay dry with sunny spells coming through from time to time overnight. a few more showers will keep going, particularly around coastal areas and especially across northeast england, north and east scotland. temperatures about 11 to ia degrees overnight. and then tomorrow, yeah, it's another showery kind of day. however, as we head into the afternoon, the showers will want to concentrate in one area especially, and that's across eastern england. that's because we've got one of these convergence zones where the winds bash together. it will concentrate the showers here. but if you're away from that, for example, across wales, western england, parts of northern ireland, west scotland, it should be largely dry tomorrow afternoon with some fairly decent sunshine coming through, but temperatures still a bit below par for the time of year. it's through friday night and into the weekend that we've got our next batch of really wet weather to come through. also very windy, too. now the heavy rain will initially start off in northern ireland. quite gusty winds here for a time too, before it works in across england and wales, especially as we go through saturday. and with gusts of wind around 50 or 60mph across parts of wales, 40—50mph or so for parts of southern england, could bring some localised disruption. then we've got the heavy rain too factor in as well. now it won't be raining everywhere all the time. across scotland it'll be ok. sunny spells here a few passing showers, but the unsettled theme does continue, i'm afraid, through sunday and into the early part of next week as well. however, after that, it looks like we'll see our first area of high pressure building in for some seven weeks, and come thursday, might only last a day or two, it looks like we'll see something drier, sunnier and warmer. temperatures in the warmest spots could reach the high 20s or even low 30s. this is bbc news. the headline: the bank of england raises interest rate to 5.25%. donald trump faces another day in court. he will be formally charged with plotting to overturn the results of the 2020 presidential election. far from home in ukraine, people fleeing the conflict to build a new life in britain. we go live to the full round—up from the world cup. hello from the bbc sport centre. the women's world cup has lost another heavyweight. after brazil and canada, now germany have failed to reach the knockout stage for the first time in what's being descirbed as the biggest shock the tournament's ever seen. they could only draw i—i with south korea in brisbane, needing a win to assure progression. the second—ranked team in the world couldn't find a winner and now they're out of a competition they've won twice. the two teams to go through were playing each other in perth. and morocco's 1—0 win over colombia, provided by anissa lahmari, was enough to send them through at the expense of germany, who they lost to 6—0 in their opening game. morocco are ranked 72nd in the world and the only one of the eight debutants to make it through to the last 16. i think they're the lowest ranked team coming into the world cup.

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