Transcripts For GBN The 20240704

Does happen, if youve got a £200,000 mortgage on a 25 year repayment term , thats going to repayment term, thats going to add about £30 a month, 3 to £400 add about £30 a month, 3 to £400 a year to your mortgage payments just from that quarter point Interest Rate rise, if indeed thatis Interest Rate rise, if indeed that is what happens. Yeah. And of course, the other thing is that theyre going to give indication going to give an indication their as where they see their forecast as where they see things going and whether well have rates. It is have more Interest Rates. It is 5. 25. Just getting out 5. 25. Were just getting out through 5. 25, up another quarter of a as expected for many economists , thats really economists, thats really interesting, mark, you know, because just a couple of weeks ago, a lot of people would have said that the bank of england needs half point rise needs to do a half point rise from 5 to 5. 5, given that inflation in the uk is unusually high. Were at 7. 9 in june and we had thats much , much higher had thats much, much higher than in the eurozone where inflation is averaging 5. 5. And inflation is averaging 5. 5. And in america 3 repeat 3. Inflation is across the pond. In the us. So we do still have high the us. So we do still have high Interest Rates and high inflation. I think the fact that inflation. I think the fact that inflation came down from 8. 7 to 7. 9, its quite a chunky fall. That means that the bank of england feels it didnt have to raise Interest Rates by half a point. Itsjust raise Interest Rates by half a point. Its just gone for a quarter point rise. Itll be interesting to see the language change Monetary Policy change that the Monetary Policy Committee Press Committee Releases in its press communique will be looking at that at a moment see if there that at a moment to see if there are any clues at all. But for now, its a quarter point rise to 5. 25. The 14th successive Interest Rate rise in a row since december 2021. And i repeat , if youve got a £200,000 repeat, if youve got a £200,000 mortgage at about 6 or 6. 2, 5 or whatever it is, and youre on a 25 year repayment term. This one move today from the bank of england is going to add about £30 a month for about 3 or £400 a year to your mortgage payments. Just two days. Interest rate rise. So this is Interest Rate rise. So this is a serious decision that will affect millions and millions of people. And let us see how quick people. And let us see how quick the banks are to pass on this Interest Rate rise to savers because theyve been pretty sluggish over recent months. Has this announcement liam nudged us further towards a possible recession. In possible recession. In interesting you say that pip. I think if it had been a half point rise from 5 to 5. 5, a lot of people would say, my god, the bank of england is trying to almost provoke a recession. A almost provoke a recession. A recession is two successive quarters of negative economic growth. The bank of england, by growth. The bank of england, by the way, in that building behind me, were predicting uk me, they were predicting the uk would go into recession. It hasnt its been pretty hasnt yet. Its been pretty resilient. Our economy was still resilient. Our economy was still attracting a lot of inward investment in this country. Consumer despite Consumer Sentiment, despite being by all those being battered by all those Interest Rate rises, is pretty resilient in this country, as is Business Investment. But having Business Investment. But having said that, this quarter point rise will also attract criticism because its the 14th rise in a row. Some people were calling row. Some people were calling for Interest Rates to be held, including myself. Ive been saying that since march or april. Given that the rises in Interest Rates that weve already have work with long and variable lags , it takes a long variable lags, it takes a long time for Monetary Policy. Interest rate rises to feed through, not to mortgage payments but to broader economic behaviour, not least Business Investment and so on. So i think the bank of england steered a middle ground here between a big chunky 50 basis point rise to 5. 5 and keeping Interest Rates on hold at 5. So its a quarter point rise. What we expect did, as i say, with a £200,000 mortgage on a 25 year term. Todays decision alone will add around £30 a month, around 3 to £400 a year to the mortgage payments of a household while youre speaking, liam, were watching a pictures of protest outside the bank of england. Outside the bank of england. Positive money protest leaders who are calling for a windfall tax on banks. We didnt windfall tax on banks. We didnt see such demonstrations last time. There was a rise, did we . No, we didnt. And we should be absolutely clear. The pictures that youre seeing that im talking over now are they were from earlier this morning where a protest group called positive money came to the bank of england here in threadneedle street in the city of london. If i can just look away for a moment. There are no protests here. Now, you can take my word for it. What do those campaigners want . They want to see Interest Rate rises stalled. Im sure quite a lot of mortgage holders would agree with them, even if lots people whove even if lots of people whove got savings wouldnt. Got savings wouldnt. Liam, im just going to interrupt you because we got details the details coming through from the monetary which details coming through from the morexplained which details coming through from the morexplained is which details coming through from the morexplained is looking which details coming through from the morexplained is looking to which details coming through from the morexplained is looking to who h you explained is looking to who voted which way. Six members of the nine Strong Committee voting to increase, but two others, Jonathan Haskel and Catherine Mann , voted for a half point mann, voted for a half point increase. So even going further, only one swat duringa, preferring to keep the rate at 5. Now thats interesting. There was even a decision or a contention that, you know, it had to go even further. It contention that, you know, it had to go even further. It is. And as i predicted, its a its a three way split, which is unusual on the Monetary Policy committee. Youve got a member there, a relatively new member from the London School of economics , voting to keep rates economics, voting to keep rates on hold at 5. Youve got two other members voting for 5. 5 and then you had the majority , and then you had the majority, six of the nine voted to keep rates on hold at 5. 25. I think what this shows, mark, when youve got a three way split is theres lots of confusion and uncertainty and that for me, the fact that you had somebody who was prepared to go with what ive been saying to keep rates on hold, which was a heretical point of view until just a few weeks shows that maybe weeks ago, shows that maybe the bank england coming round bank of england is coming round to view that uk interest to the view that uk Interest Rates have now peaked. I rates have now peaked. I certainly hope that thats the case much will depend on the latest Inflation Numbers that come out in couple of weeks come out in a couple of weeks time and particularly also on wage data keeps on wage data. If wage data keeps on throwing out increases on annual bafis throwing out increases on annual basis of six, seven, 8 as it has done in recent months, then the Monetary Policy committee will be worried that were still in this wage price spiral right now, at least its pretty much as expected and including as i just predicted earlier, that three way split, thats a very Interesting Development indeed and a bit more coming through from them. From them. Liam, which which well talk about. Liam, which which well talk about. But in liam, which which well talk about. But in terms of their forecasting , they say that forecasting, they say that inflation expected to drop below 5 in the final few months of 2023. That would obviously meet the Prime Ministers target. They predict that the consumer pfices they predict that the Consumer Prices index, cpi inflation up 4. 9 for the final quarter , but 4. 9 for the final quarter, but remain above 2, which is the target until mid 2025. Now, what does that tell us about where the rates may go in these coming months . Months . It suggests that the bank of england isnt going to do anything rash between now and then if theyre predicting 4. 9 across the quarter , thats across the quarter, thats october, november and december. That means by december it could be you know, it could start with a three rather than a four or a five. That prediction from the bank of england will be music to the ears of Prime Minister rishi sunak, who, of course, is grappling with the knowledge that his personal house is being protested or surrounded by protesters up there in North Yorkshire. But he has got this pledge that inflation will fall to half over this year. And of course, when he made that pledge, it was 10. 1 back at the beginning of this year. So under 5. And hell be seen to have fulfilled that one his five fulfilled that one of his five pledges we go into 2024, pledges as we go into 2024, which is going to be almost certainly a general election year. Certainly a general election year. So i certainly a general election year. So i think this suggests that the bank of england feels the inflation reduction is still very high, but its back on track. So i think if we do see increases in Interest Rates, they wont be half increases, they wont be half increases, 50 basis point increases if there are going to be any more and there may be no more, this may be the peak. If there are going to be more, therell going to be any more, therell be quarter point rises, but still to reiterate, this still just to reiterate, this quarter rise, its less quarter point rise, its less than people on the monetary than some people on the Monetary Policy committee wanted , but policy committee wanted, but it still very implications still has very real implications out there across country. A out there across the country. A quarter point rise in Interest Rates. If youve got a £200,000 rates. If youve got a £200,000 mortgage, ill say it again over a 25 year term thats currently around six, 6. 25. Thats going to add £30 odd a month to your mortgage payments. Just this rise today, which is 3 to £400 a yean rise today, which is 3 to £400 a year, you know, thats serious money for any family. Year, you know, thats serious money for any family. And thats money for any family. And thats why the bank of england needs to think really, really hard about whether or not its going to raise rates again. Raise rates again. Liam, thanks very much for your analysis and insight there. We will return to you, but lets hear now from head of lets hear now from the head of the positive money campaign. Theyve protesting , as liam theyve been protesting, as liam mentioned, outside the bank of england todays decision. England before todays decision. So the bank of englands relentless hiking of Interest Rates have caused big bank profits to balloon. The four profits to balloon. The four biggest banks in the have biggest banks in the uk have made nearly £30 billion in profit in the first half of 2023 alone. Thats nearly 80 more than the same time last year. This these profits are unearned. Theyve come about the banks not lift finger. Not having to lift a finger. Theyre direct result of theyre the direct result of Interest Rate hikes by the bank of. So were calling on of england. So were calling on the those rate the bank to stop those rate hikes and were calling on the government to step in and introduce tax on introduce a windfall tax on those bank profits. Those big bank profits. Well, protests falling on deaf because weve that deaf ears because weve had that quarter is although quarter rise is although indications that two members of the committee wanted to go a half a but more reaction coming through. But reflect that through. But lets reflect that those most directly hit are the millions of homeowners and indeed renters across the country. Country. Yes, some will see their repayments rise, as liam was just saying, as fixed Term Contracts come to an end. Others will face hikes in their rents as landlords struggle to keep up with rising costs. With rising costs. Lets get more now to our south east of england. Reporter ray addison, whos down in crawley in sussex an estate crawley in sussex with an estate agent there. And obviously agent there. And ray, obviously another rise, but perhaps indicates that things are going to start topping off now. Well, to start topping off now. Well, thats certainly the hope, because these continuous Interest Rate rises have been having a huge impact on the Housing Market, particularly in the south east, where theyve been experience seeing the biggest fall in prices due to these high Mortgage Rates forcing homeowners to try and get out and get that sort of monkey off their back, if you like , because of the cost of like, because of the cost of their mortgage. According to website zoopla. Across the website zoopla. Across the region, 8 of homes listed for sale did have reductions of 5 or more. In the last month in july. Now Darren Greenaway is an owner , the owner of greenaway owner, the owner of greenaway residential. Hes been in the trade for 30 years and he joins me now. Darren thanks very much for being here. Whats your reaction . Its just a quarter of a is this good news or a step in the right direction . It could have been worse , it could have been worse, thats for sure. I mean, i was expecting that we might have seen half a today. A seen half a again today. So a quarter of a is a good thing. Unfortunately i think its going to continue putting pressure on the market. The other the Housing Market. The other side of that, though, is august. So its going to be naturally quiet hopefully when people quiet as hopefully when people return. Its return from holiday. Its old news, it just depends whats news, but it just depends whats going in the going to happen. In the last quarter going to happen. In the last quesor down. Well, its not so its down. Well, its not down, but its smaller down, but its a smaller increase in a series of raises. Increase in a series of raises. What are we how has it been affecting the market in crawley overall this year . Weve seen sustained pressure on the Housing Market. At the start of the year, the market started slow by the second started to slow by the second quarter, we then started seeing the reductions in quarter, we then started seeing the weveeductions in quarter, we then started seeing the weve startedis in quarter, we then started seeing the weve started now in quarter, we then started seeing the weve started now seeing a and weve started now seeing a defined negative trend happening over last few months in over the last few months in terms of the obviously lower pnces terms of the obviously lower prices are good for buyers, but these higher Mortgage Rates that were seeing as a result are then sort of reducing the opfions then sort of reducing the options for those who do want to buy and are in a position to buy. What are they saying to you when they when they come here to greenaway there have been problems with a lot of First Time Buyers where theyve been worked out their costings and then obviously how much they can afford then when the afford and then when the interest have been Interest Rates have been increasing, come back increasing, theyve come back and said theyve had to withdraw from due to they cant from purchases due to they cant afford that mortgage now. Afford that mortgage now. Have obviously said and a few have obviously said that need to reduce what that they need to reduce what theyre looking price range. Now you actually run a Charitable Foundation well. Now you actually run a chargreenawaydation well. Now you actually run a chargreenaway foundation. Ll. Now you actually run a chargreenaway foundation. And the greenaway foundation. And youve out that youve been finding out that more people are coming to you needing help and assistance with sort of everyday cost of living type type stuff. Yeah , most of what we did was yeah, most of what we did was at christmas, were at christmas, but were now helping families throughout the year finding your year and were finding your average working family are just keeping their head above water, are struggling to feed their children obviously buy children and obviously buy School Things and School Uniforms and things and all the costs are rising across the board and theyre just struggling. Darren, thank you very much for do appreciate it. Ive been do appreciate it. Ive been chatting here as well chatting to people here as well in crawley and its quite a mix. It seems like half sort it seems like half of sort of paid off their mortgages and dont any left. The dont have any left. And the other half renting other half are just renting because they just cannot because they just simply cannot even getting on the even think about getting on the ladder. Even think about getting on the ladder. Many crawley residents even think about getting on the ladder me any crawley residents even think about getting on the ladder me theyvevley residents even think about getting on the ladder me theyve just residents even think about getting on the ladder me theyve just gotients even think about getting on the ladder me theyve just got zero telling me theyve just got zero chance on that chance of getting on that housing ladder. So theyre not even thinking it. Even thinking about it. Interestingly, one guy was interestingly, one guy who was in his 40s said he works for a bank thats Just Announced a huge profits. He says they pay huge profits. He says they pay him £0. 10 above minimum wage. Hes got zero chance of getting on the property ladder. And so hes living at home with his mum. Another woman that i spoke to, shes got a fixed rate at the moment. Shes got one year left on that. I said to her, well, you know, how are these increases affect you increases going to affect you when that fixed ends if when that fixed rate ends if they continue . She said, im too they continue . She said, im too terrified to even look. So thats some of the comments that were getting people here were getting from people here in you very in crawley. Ray, thank you very much indeed political much indeed for that political reaction through already. Reaction coming through already. Chancellor hunt and he is chancellorjeremy hunt and he is saying that the if we stick to the plan, rather the bank forecasts inflation will be below 3 in a years time without the economy falling into recession. But that doesnt mean its easy for families facing higher mortgage bills. So we will continue to do what we can to help households, she said. Has been reaction there has also been reaction from the chancellor, from the shadow chancellor, rachel , and she says this Rachel Reeves, and she says this latest rise will be incredibly worrying for households across britain. Already struggling to make ends meet. She says the make ends meet. She says the tory mortgage bombshell is already hitting families hard and responsibility for this crisis lies at the door of the conservatives that crashed the economy and left working people worse off with higher mortgages, food bills and higher taxes. Well, i think we can bring in olivia utley down at westminster, our Political Correspondent and olivia, maybe a little bit of relief for both the Prime Minister and the chancellor with the forecast from the bank that the inflation figure may well be below 5 for the final months of this year. Well, absolutely. Rishi sunak and jeremy hunt have essentially staked their premierships on getting inflation halved by the end of the year. And last month and the month before, it was looking as though they probably would not achieve that. We saw inflation remaining very, very sticky at about 8. This forecast from the bank will be a huge relief to they say that if relief to them. They say that if we get inflation then we get inflation down, then Everything Else will follow. But of course, the fact that Interest Rates have gone up by another 0. 25, although of course it could have been 0. 5, 0. 25 is still pretty bad for those with mortgages. And the prime mortgages. And the Prime Minister and the chancellor know that the worst hasnt really hit yet. There are people who are coming off their fixed Rate Mortgages now and well have to get much higher rates. Well be probably their probably struggling to pay their mortgages ahead. Mortgages in the months ahead. But the real impact of this is only going to start to hit at the beginning of next year. Prime and chancellor Prime Minister and chancellor are hoping by the end of are hoping that by the end of next year, not only will inflation have fallen, fallen considerably, but also theyre hoping that the bank of bank of england might be beginning to bnng england might be beginning to bring rates down. And bring Interest Rates down. And its thought that it is then and only then that they might decide to a general election. Once to call a general election. Once that pain easing a little that pain starts easing a little bit ordinary households. Bit for ordinary households. Yeah. Of the hit to yeah. In terms of the hit to peoples pocket though , were peoples pocket though, were looking at the banks report where it issues forecasting. Where it issues its forecasting. Of the same time, of course, at the same time, food Price Inflation, which it acknowledges has a particularly large impact on living costs , large impact on living costs, remains extremely high, although they expect it to fall , but only they expect it to fall, but only to around 10 by the end of the yeah to around 10 by the end of the year. So were still going to be paying year. So were still going to be paying a heck of a lot more for our grocery bills. Well, absolutely. So core inflation, which doesnt include food inflation, is beginning to shrink. But as you say, food inflation is remaining very, very sticky indeed. Now, of course, part of that problem is the ongoing crisis in russia. And ukraine, russia and ukraine between them provide a huge amount of wheat. They call the bread basket of europe. And while while that conflict goes on and those supply chains are so heavily disrupted, of so heavily disrupted, then of course , food inflation is going course, food inflation is going to stay high. The government is also sort of trying to what to stay high. The government is alcanort of trying to what to stay high. The government is alcan to of trying to what to stay high. The government is alcan to talkying to what to stay high. The government is alcan to talk t0|g to what to stay high. The government is alcan to talk to super what to stay high. The government is alcan to talk to super markets it can to talk to super markets because there is a worry in some quarters that supermarkets are actually profiting from this. And a and are taking too much profit and that is potentially partly why food prices remain so high, even though core inflation is beginning to shrink. But the government doesnt seem to be having much success there. The Prime Minister had a meeting with farmers and supermarket leaders last month , but it leaders last month, but it seemed to be more of a sort of pubuchy seemed to be more of a sort of publicity stunt and a good photo opportunity than than opportunity than a than a serious conversation food serious conversation with food providers why food providers about why food inflation so high. But inflation remains so high. But as you say, that is going to have a serious impact on the pockets of ordinary people. And for far more for most people, its far more important than core inflation. And talking of political pubuchy and talking of political publicity stunts , protesters publicity stunts, protesters might be scaling rishi sunaks house at the moment, but he might have some reason to be happy today with this Interest Rate announcement, mightnt he . Because his goal of halving inflation moves ever closer. Inflation moves ever closer. Well, absolutely. And as i say, the government has really staked its reputation on halving inflation. So this is hugely important to rishi sunak. He has argued that, you know, as soon as inflation does go down, then the need for these Public Sector pay the need for these Public Sector pay rises, which are the strikes which are sort of crippling the country, will will lessen. So country, will will lessen. So hes been holding out over the last few months. Hes now given pay last few months. Hes now given pay rises sort of six, 6. 5. Pay rises to sort of six, 6. 5. But hes been holding out against giving sort of rises against giving the sort of rises that the unions have been asking for grounds that once for on the grounds that once inflation starts to go down, then the need to more money then the need to have more money in pocket will be lower. In your pocket will be lower. And hes argued that inflation, that pay rises that Public Sector pay rises could be inflationary in themselves. This will be themselves. So this will be very, very good news to the Prime Minister. But as you say , Prime Minister. But as you say, not a great day for him personally. Hes got away for his first foreign holiday in 4 or 5 years with his family. Hes in disneyland his wife and in disneyland with his wife and two daughters. And while hes been there, greenpeace have managed to scale his house black oil, black sheeting has covered pretty much the entire house. And there are questions now, of course, about security around the Prime Ministers family home. Indeed. Olivia, thank you for that. Well be putting that to mark white, our home affairs edhon mark white, our home affairs editor, shortly. Lets just editor, shortly. Lets just bnng editor, shortly. Lets just bring you a bit of reaction from the markets this quarter the markets to this quarter point rise. The pound already down this morning. Its weakened further against the dollar, down half a at 126 to the us dollar,1. 16. The ftse, its come back a little down at a little bit. Still down at 7517. So the markets are not too impressed. It seems you are watching and listening to the live desk on gb news with Mark Longhurst and pip tomson. Plenty more still to come, including those protesters that have scaled rishi sunak house and a certain former President Donald Trump, whos set to appearin donald trump, whos set to appear in court later today. Well bring you the latest. Stay with us. That warm feeling inside from boxt boilers, proud sponsors of weather on. Gb news. Weather on. Gb news. Hello, alex deakin here with your latest weather update from the met office for gb news. Not quite as wild as yesterday, but a cool cloudy day for most. A bit of sunshine here and there, but there are also a few showers around this low brought the wet and windy weather yesterday. Its but it is its clearing away, but it is allowing to come down allowing the winds to come down from north, bringing a cool from the north, bringing a cool feel a bit of cloud. Feel and quite a bit of cloud. Plenty of showers across the highlands and the Western Isles and scattering of showers and a scattering of showers across and wales could across england and wales could see 1 or 2 heavy ones, but many places dry for most of places will be dry for most of the day and well see a little bit of sunshine here and there, some brightness poking through. A blue sky could a little bit of blue sky could see the see temperatures in the south east the 20s, maybe south east into the 20s, maybe 23 or 24, but mostly, again , 23 or 24, but mostly, again, were high teens, low 20s at best. And feeling cooler with that breeze continuing to bring outbreaks of rain across northern scotland, sprinkling of showers elsewhere could be 1 or 2 heavy ones over eastern parts through the evening and indeed continuing overnight. But elsewhere, places will elsewhere, most places will become dry. Well keep a fair bit around and bit of cloud around and temperatures mostly hold up temperatures will mostly hold up to 11 to 14 celsius. Friday again, dry and bright for the most part. But there will be some showers again, particularly over north east england initially and then moving south into parts of lincolnshire, east anglia and the south east. A sprinkling of heavy afternoon showers. But further west , many showers. But further west, many places dry and a better chance of seeing some sunny spells, particularly afternoon particularly in the afternoon for southwest england for wales and southwest england. Again, temperatures high teens or 20s goodbye. Or low 20s goodbye. That warm feeling inside from boxt boilers. Proud sponsors of weather on. Gb news and welcome back to the live desk. So former President Donald Trump to have another day in court later today due to appear before a federal magistrate judge on the most serious charges hes faced so far. Four counts of conspiracy to effectively defraud the 2020 us election result. Election result. Security measures are already being put in place at the Barrett Prettyman courthouse in washington, dc, which is only a short distance from the us Capitol Building. The scene of those election riots back in january 2021. Well, our gb News Reporter paul hawkins is following the story, joins us in the studio. Paul tell us what is likely to happen. Donald trump is expected to plead, yeah, he will plead. He will be there in person. Hell be seen by not the judge thats overseeing the trial. Thats tanya chekan. She wont be there instead of be judge mozilla, a upadhya who will read him the charges. The official charges. Hell then enter his plea, which we assume will be not guilty. And then that will not guilty. And then that will be it. Potentially. We might be it. Potentially. We might hear some more. You never know hear some more. You never know with this hearing, potentially a trial date could be set or it could be early or maybe later on down the line. A trial could be down the line. A trial could be set. So we may hear we may hear either expected either way, were expected to see donald trump. We i i know theres are we i mean, i know theres various entrances to this court, possible. It depends what he it depends what entrance he takes enters the court. Takes when he enters the court. I theres i mean, we know that theres heavy in thats heavy security in place thats been up. Us marshals been ramped up. The Us Marshals Service Monitoring Service also monitoring the security judges barriers security of the judges barriers have placed around the have been placed around the courthouse. Those courthouse. Similar to those that around capital that were around the Capital Building the january building where the january 6th riots is just riots took place, which is just a away. Yeah. A stones throw away. Yeah. Interesting that the no, its interesting that the lawyers already been lawyers have already been setting their sort of case setting out their sort of case as regards the trial. When it as regards the trial. When it starts proper and an indication they dont want this to actually go for on any length of time in terms of the prosecution. But terms of the prosecution. But his defence lawyers are saying, well, no , we need to look at well, no, we need to look at this more carefully. And of course it all ties into this timetable that goes alongside the political timetable heading towards the us president ial campaign. Campaign. Yeah, in the words of jack smith, want to speedy smith, they want to speedy trial, thats the trial, right . Thats what the prosecutor lawyers prosecutor wants. His lawyers are time to are saying we need time to gather its going gather evidence. Its going to happen and of happen too quickly. And of course, factoring into that will be the election year. Be the election next year. And its a packed its going to be a packed timetable. Youve got the timetable. Youve got on the 23rd august, first 23rd of august, the first primary wisconsin. Primary debate in wisconsin. Then youve then got a civil fraud in october, then Fraud Lawsuit in october, then if we go forward to the first big political event of next year in the run up to the election in november, youve the iowa november, youve got the Iowa Caucuses same day as a caucuses on the same day as a civil lawsuit. Thats the E Jean Carroll defamation lawsuit taking place on first on the first day, as we see the thats thats the charge sheet that were seeing now, the 45 page document that was published by jack smith yesterday. And as you touched on it, its not just this procedure in terms of what the most serious charges is. Hes got a lot on his plate to try and clear through. And one wonders, therefore , how much time and therefore, how much time and energy hes got to actually campaign for the presidency. Hes 77. hes 77. Yeah. Yeah. Yeah. Yeah , yeah, yeah. And thats yeah, yeah, yeah. And thats going to take its energy out of anyone, isnt it . Its so much energy and time. One would say energy and time. One would say that certainly in terms of the primaries, the republican primaries, the republican primaries, hes way out in front. And clearly his ongoing civil and federal lawsuits are going to suck up all the oxygen, even if youre not talking about him being, you know, and leave very little time for actually talking about issues, which he about other issues, which he could turn into a narrative of being the victim. Yeah, exactly. Yeah. Were wasting time talking this. Should talking about this. We should be talking about this. We should be talking issues. Talking about the real issues. And victim of and of course, im the victim of what you know, what he calls, you know, a political hunt. And the political witch hunt. And the fact this is fact that this this is politicised we should politicised and we should remember that judge that remember that the judge that will the trial is will be overseeing the trial is an appointed judge. An obama appointed judge. It will heard in washington will be heard in washington where a hugely democrat where which is a hugely democrat city. So the vast majority of the jury, whatever is selected, will be democrat leaning. And so that opens them up to accusations that this whole process is politicised to sort of muddy the waters even further. Yeah, one of the most significant witnesses could be mike pence , his former vice mike pence, his former Vice President. President. Yeah, mike pence. Ill tell you what, well hear from him in a moment. But first of all, i just want to play a clip of donald trump jr. He was speaking to nigel farage last night and he talking the he was talking about the politicisation and the timing of the release of the charges. And heres what to say. Heres what he had to say. Indictments strangely, the indictments always fall day after our always fall a day after our information about joe biden. Credible information comes out. The fbi, joe biden linked to 10 million bribery scheme for burisma next day Trump Indictment number one. Right . Hunter biden, information leak, sweetheart deal comes out, yadda, yadda, yadda. Next day, were going to add on to whats going on with trump. I mean, yes , today, same thing. Devin archer, Hunter Bidens best friend , joe biden, took part in friend, joe biden, took part in 20 plus phone calls. He knew 20 plus phone calls. He knew about it. He was the big guy. He had 10, yadda, yadda , yadda. The had 10, yadda, yadda, yadda. The next day, another indictment. I next day, another indictment. I mean, are we going to believe that this is all coincidence at this point . Its become so commonplace. Its like taco tuesday. So is yada, yada, yada. One of the charges on the sheet is one of the. No, its not one of the official charges, but but but his point is the timing of this is all about the politics of it. In terms of mike pence, thats the charge of conspiring and attempting to obstruct an official proceeding, that being the certification of the vote. Mike pence, apparently there was a couple of phone calls over christmas and new year 2022, 2021. And during those phone calls, donald trump said, look , calls, donald trump said, look, please dont certify the elected. And he said, i dont have the authority. And the retort from donald trump was that youre being too honest. Thank you very much indeed. 4 00 us time, 9 00 tonight, hell due to appear in that court. And of course, all the security before that. More as we get it from the states, but more as were getting it now here back in britain on that quarter rise in Interest Rates. Yeah, we can now hear from the shadow chancellor of the exchequer, Rachel Reeves as well i the rate rise that weve seen today is just another hammer blow to families across the country who are seeing their mortgages increase. And when it mortgages increase. And when it comes to remortgaging , at the comes to remortgaging, at the moment, a family thats looking to remortgage their property is going to be paying on average more than £200 extra every single month. And for some people, its much more than that. Now, of course, the bank of england have independence and thats as it should be. But the government needs to take responsibility for the fact that inflation in the uk is much higher than it is in comparable countries. In the us, its 3. In the eurozone its 5. 3. And yet here in britain, inflation is stubbornly high at 7. 9 because of a decade or more of mismanagement by the conservative party. You say that, but there are big spending commitments in recent years. Which of those do you disagree with . Because youd be happy for us to have a big expensive furlough package, to have pnce expensive furlough package, to have price guarantee. Have an energy price guarantee. We havent seen you oppose any tax freezes tax cuts. So tax freezes or tax cuts. So where have you been . Well, there are three things that the government should have been doing that labour would be doing right and get right now to try and get inflation under control. Our anti inflationary measures include boosting our Energy Security by investing in home grown, Renewable Energy and insulating homes to get down peoples bills. Sorting out the brexit mess to reduce prices in our shops because extra bureaucracy and checks at the borders are pushing up prices for uk consumers. Borders are pushing up prices for uk consumers. And also we for uk consumers. And also we need to help more people get back to work after the pandemic. But one thing government could be doing right now is making the mortgage support, forcing the banks to make that mandatory. At the moment its a voluntary scheme. Hundreds of thousands of people risk slipping through the net and not getting the support they need. And the government should expand the windfall tax on profits energy on the huge profits that Energy Giants making. Those are two giants are making. Those are two things government doing things government could be doing right some of the right now to ease some of the pain for people by closing the loophole windfall tax loophole in the windfall tax only a relatively small only raises a relatively small amount of money. And on mortgage help, your policy is effective the same as the government. Youre asking people to go to interest only or to have big long mortgages. I to have big long mortgages. I mean, would you want a 36 year mortgage . So i think the package of measures that labour are putting forward are quite substantial. First of all, we could raise Something Like £10 billion more more by extending the windfall tax, including closing those loopholes which is a huge giveaway to the Energy Companies that are already making huge profits. And that money could help people right now with their gas and electric bills. Although its summer now , well soon be its summer now, well soon be going into the autumn and winter and people really notice those higher bills and on mortgages , higher bills and on mortgages, our package of measures would be mandatory, not voluntary. And we mandatory, not voluntary. And we need to force the banks and the lenders to give the support to customers that they need. Look, nobody wants to extend the term of mortgage or go to of their mortgage or go to interest only. So thats Rachel Reeves, chancellor reeves, the shadow chancellor giving her reaction. Just to remind bank of england remind you, the bank of england committee, voting committee, six members voting to increase the base rate by a quarter to others, wanted a half point increase. No one half point increase. No one wanting to keep it steady at 5. What about the governor well, this is Andrew Baileys reaction i Price Inflation fell further to 7. 9 in june. That was what to 7. 9 in june. That was what we expected to see. And thats good news. An inflation will, we believe, continue to fall over the coming months. That reflects the coming months. That reflects the coming months. That reflects the fact that Monetary Policy is restrictive. Its working to restrictive. Its working to bnng restrictive. Its working to bring inflation down. Our job is bring inflation down. Ourjob is to make absolutely sure that inflation falls all the way back to the 2 target and stays low. To the 2 target and stays low. So today weve increased bank rate by 0. 25 Percentage Points to 5. 25 low and stable inflation is the foundation of a healthy economy. High inflation healthy economy. High inflation huns healthy economy. High inflation hurts the least. Well off the most. The projection that we most. The projection that we present today is very much in two parts. Im going to begin with the first part, which is the near term outlook for inflation over the remainder of this year will then turn to the second, which is the medium term outlook. Implication for outlook. And the implication for Monetary Policy. For starting Monetary Policy. For starting with the near term outlook. This with the near term outlook. This chart shows the evolution of consumer Price Inflation in and its components since 2018. It shows that inflation has come off the peak in october last year and that it continues to fall over the rest of this year. In our near term projection. In our near term projection. Thats the piece shown in the shaded part of the chart. Now this all can be attributed in large part to a fall in contribution from energy. Fuel pnces contribution from energy. Fuel prices have declined and electricity and gas prices have stabilised, albeit at a higher level. Level. So this is Andrew Bailey , the so this is Andrew Bailey, the governor of the bank of england, talking to reporters, giving his forecast on inflation. But elsewhere , if we can say in the elsewhere, if we can say in the real world, things is not so clear. It seems. Yeah. Clear. It seems. Yeah. High street retailer wilko has said its filed a notice of intent to appoint administrators. Now that could put around 12,000 jobs at risk. Its chief executive officer, mark jackson , says, we have had mark jackson, says, we have had a significant level of interest , including indicative offers that we believe would meet all our financial criteria to recapitalise the business. But we do not today have an offer that provides the necessary liquidity in the time we have available. While wilko, under available. While wilko, under huge financial pressure, 12,000 jobs could be at risk. So thats the indication of whats actually happening out there in the high street and in there in the high street and in the real economy. But more reaction coming up on the bank of england. Interest rise of england. Interest rate rise and well be heading to the Prime Ministers manor house and find out who hes got visiting him and why theyre doing that. Him and why theyre doing that. More coming up welcome back to the live desk here on gb news with greenpeace activist we believe still on the roof of the Prime Ministers manor house. Theyve been there since about 6 00 this morning saying theyre going to hold firm for now. There they are. Protests at the uks oil drilling practise. And of course, that latest announcement from the governor, from the government campaigners, they scaled the wall at rishi sunak private home, the walls of his mansion that is draping that massive oil black piece of fabnc massive oil black piece of fabric over it. Mr sunak and his family are currently away on holiday in california, but this has raised a massive security concern over the protesters access to the estate, home and security editor mark white joins us in the studio. I think greenpeace was saying we made sure the Prime Minister and his family were on houday minister and his family were on holiday and not at home when we did this, which makes it so much better, doesnt mark . Better, doesnt it, mark . Very obliging of them, i think, you know, regard less of whether is in whether the Prime Minister is in residence not, given the residence or not, given the sensitive nature of the property. It is a property owned by the leader of the country for eco activists to be able to gain access and to get up onto the roof. Theres no doubt that there is a significant security failing here. Mark said that theyve been up there since six, according to North Yorkshire police. He said they were made aware two hours later, 8 00. So well have to try and actually get to the bottom of that. But one of the activists up there on the roof has been speaking , the roof has been speaking, posting that on social media. This is what they said. Were all here because rishi sunak has opened the door for a new drilling frenzy in the north sea. While large parts of our world are literally on fire, this will be a disaster for the climate. It wont lower your climate. It wont lower your energy bills. Its not going to energy bills. Its not going to boost our Energy Security. We boost our Energy Security. We the only people that are going to profit from this at all are the big oil companies. Mark, clearly for prepared it. Climb equipment, hard hats , it. Climb equipment, hard hats, all the gear we had the line from North Yorkshire police. We are responding to reports of protest activity. We they protest activity. We they werent there. They didnt get there for a very long time. And there for a very long time. And the former deputy chief constable peter walker, saying absolutely astonished by this. I think its unimaginable that if you look to the United States, for instance , that the states, for instance, that the us president , the Vice President , other key figures wouldnt have secret Service Details at all of the properties unked details at all of the Properties Linked to these individuals closer to home in france, even the french president , all of closer to home in france, even the french president , all of his properties would be guarded. And properties would be guarded. And now its not just, okay in this occasion, its eco activists. Occasion, its eco activists. But what if it was state actors , people with more nefarious ideas of mind . You know , ideas of mind . You know, planting listening devices or whatever they booby traps. So as the deputy chief constable has said, who knows what they might have planned . What they might have planned . But the fact that there doesnt seem to be security doesnt seem to be any security presence around there as far as we know, weve been hearing from the deputy Prime Minister actually just in the last hour, Oliver Dowden , this is what he Oliver Dowden, this is what he said. These people would say, can you stop the stupid stunts . Actually , what they want to actually, what they want to see from government is action. The question is, do we produce it here where we get more tax, we create more jobs , more tax, we create more jobs, or do we do what the labour party and others say, which is say no more investment in our nonh say no more investment in our north sea oil and gas. That means fewer jobs here and reliance on less stable and more reliance on less Stable Energy, which is shipped into this country. I dont think thats a sensible approach and its not one this government is going to take. Im less interested in who these protesters are and what theyre protesting about. Then this whole security issue, this is somebodys doesnt is somebodys home, doesnt matter whether prime matter whether its the Prime Minister private person. Minister or a private person. It is it is an is their home. It is an intrusion. I find it absolutely outrageous that there was no police there. And there also an yeah. And there is also an issue of a very serious issue of just how vulnerable politician actions are back in their own constituency day to day. We saw, constituency day to day. We saw, of course, with david amess murder , with the murder of jo murder, with the murder of jo cox , that in order to be cox, that in order to be accessible, then there is often accessible, then there is often a security weakness surrounding these individuals. But thats ordinary mps youre talking here about the Prime Minister you would expect that there would still be a level of security 80 around his home to be able to respond quickly and effectively to anyone trying to breach the property of that individual for fortunately, of course, theyve trespass. But thats not trespass. But thats not a criminal offence , it is a civil criminal offence, it is a civil offence and theyre probably not going to go up there and remove them. Theyll wait until the them. Theyll wait until the greenpeace protest. Others have greenpeace protest. Others have made their point and eventually get tired and come down. Indeed, mark, thank you for that. Well continue to monitor the situation North Yorkshire Police Officers police saying our officers are at the scene managing the situation. Provide situation. Well provide a further update in due course. Further update in due course. Now back to our top story now. The bank of england raising Interest Rates a quarter Interest Rates by a quarter percentage point to 5. 25. Well, gb news wants to know exactly how this affects you. So we have pulled together a Peoples Panel to find out. Lets cross over to to find out. Lets cross over to number 10 cafe and restaurant. Number 10 cafe and restaurant. In chesterfield, where east Midlands Reporter will hollis is with our panel. Will quite coincidental the name of this restaurant that youre at today of all days . Yeah of all days . Yeah and this is one number 10. But the Prime Minister isnt here. If you dont know where chesterfield is, put a pin bang in the centre of the country. And thats pretty much where chesterfield is, 130 miles north of the bank of england, where those decisions about Interest Rates are being made. And rates are being made. And of course got fantastic course ive got my fantastic Peoples Panel here, the peoples channel. You need a peoples channel. You need a Peoples Panel. Joss, weve been talking little bit about those talking a little bit about those interest rises. You Interest Rate rises. You have a Small Business in design. Is Small Business in web design. Is it be raising interest it right to be raising Interest Rates from your opinion . My personal opinion , no. Its my personal opinion, no. Its a time at the moment. A wrong time at the moment. Theres been about eight raise in the last 12 months. Now for any impact on Interest Rates. Youve got to wait at least 18 months until you can spot the effects. So why are they raising it . Once again , this is a it . Once again, this is a continuous now over the last 12 months and its just getting worse and worse and worse. Worse and worse and worse. And its getting worse and worse and worse for people with mortgages like you, paul, paul, you work for the local nhs. And you work for the local nhs. And what going to how what is this going to how is this to going affect your mortgage and how it paying mortgage and how is it paying that the moment that mortgage at the moment right. Honest. Right. Its quite honest. Its frightening bet its frightening. I bet its frightening. I bet its frightening quite few frightening for quite a few people. Its the money. People. And its the money. Its, lets say people on low wages and its finding the money to do things with. I think its going to affect like especially Small Businesses and its going to affect peoples well being as well because theyre not going to be able to get out because ive not got the money to go for like even like a simple coffee or even to cinema. Or even a trip to cinema. Peoples to save and say, peoples got to save and say, oh, can we afford to do this . Can we afford not to do and can we afford not to do it . And its frightening and its just very frightening and is youre asking is that a question youre asking yourself, do yourself, can i afford to do this right now because ive got a definitely. A mortgage to pay . Definitely. 100, were talking about 100, 100. You were talking about disposable income. Disposable income the of thing that income is the kind of thing that keeps isnt keeps your business going. Isnt it, theresa . Its a family business, a cafe, and you make pasta sauces , Interest Rate pasta sauces, Interest Rate rises and people having less money. What does that mean for you . A local business here in chesterfield, obviously its going to be difficult. , people just wont have again, people just wont have that extra little bit of cash that extra little bit of cash that they can spend on going out for a nice meal, enjoying a nice evening out. They just wont evening out. They just wont have that extra little bit to have that extra little bit to have a good time. And obviously have a good time. And obviously its only a small town in chesterfield. I rely on lots of regular customers and if theyre going to be affected by this Interest Rate , they just will Interest Rate, they just will think twice about coming out. Your cafe is the destiny , your cafe is the destiny, ann. Its the place where people are going out to. But before you go out, of course, you need to get your hair done. You need to get your hair done. You need to get nails done. And sam, get your nails done. And sam, you a salon recently in you started a salon recently in the year, tough year to the last year, a tough year to be it. And even be doing it. And its even tougher today because that tougher today because of that interest oh definitely. Last april, had the last april, i had the electric and gas and everything go electric and gas and everything 9 up electric and gas and everything go up. So that was the first hit go up. So that was the first hit i got. Then like like you say, Interest Rates are going up, which is going to cause people to not be able to pay the mortgages stuff, which mortgages and stuff, which if they pay mortgage, they cant pay the mortgage, theyre going come and theyre not to going come and have done. Theyre not to going come and havand done. Theyre not to going come and havand people e. Theyre not to going come and havand people still getting and are people still getting their at moment their hair done at the moment or are noticing fewer people are you noticing fewer people are you noticing fewer people are coming out to get those luxuries, ultimately luxuries, which is ultimately having your roots done or some nice nails . People are still i think people are still having. They just having it done. They just obviously either picking obviously they either picking it for special events or they are stretching it basically. So stretching it basically. So instead of 6 to 8 weeks, it might be 10 to 12, which obviously for me thats a cash flow straight away, which then affects me. Affects me. Its a really tough time. Lets go right back down here because you own a business as well. Its a Small Business doing web design. People are going in maybe a little bit less often to their nails done. Often to get their nails done. Are the way that are people changing the way that they do things that are really important their business, important for their business, like the digital age . Definitely. I mean, like i definitely. I mean, like i work at a business to business and businesses need to be able to budget and forecast their expenditure across the next 12 months, etcetera , etcetera. If months, etcetera, etcetera. If they cannot budget because they dont know what the rates are going to be in two months time and more expenses and more outlays , then how can they plan outlays, then how can they plan projects and further investment is. Paul you work at the nhs, as you say. Youve also got a couple of kids, so your mortgage is really important. How is it for your extended family . You for your extended family . You know, in chesterfield, is everybody able to pay for the things that they need . Or as a dad, are you having to help them out a little bit more than young people would ultimately like . Yeah, i if anybodys got children, help them yeah, i if anybodys got chilanyway. Help them yeah, i if anybodys got chilanyway. But help them yeah, i if anybodys got chilanyway. But yeah, help them yeah, i if anybodys got chilanyway. But yeah, everybody out anyway. But yeah, everybody struggling everyday life. Struggling its everyday life. Its with rates going up. Its simple things like food or anything and its just everybody just struggles and it is getting very, very frightening , very, very frightening, especially with people on low incomes. Tereza one of the incomes. Tereza one of the things that weve talked about this morning is the bank of england are trying crush high england are trying to crush high inflation interest inflation by raising Interest Rates so have less money. Rates so people have less money. You need people to come in and spend money, but if they dont have the what does that have the money, what does that mean your business . What do mean for your business . What do you from your you need right now from your customer . That them customer . Do you want that them to coming in or you get to be coming in or do you get that theyve to save their cash . Well, obviously be a bit of both , but you know, im just im both, but you know, im just im just really grateful that ive got good, loyal customers and they keep coming back again. And again. And with prices going up, im trying not to put my prices up too much so my customers will come back again. Itsjust up too much so my customers will come back again. Its just a very difficult balance at the moment. Very difficult, but its fantastic to have loyal customers. But people are having a tough time. Chesterfield whats it time. Chesterfield whats it like . Is the money still going like . Is the money still going around or is everybody having a tough time . I think everybodys having a tough time. I said like gas like i said before, like gas and electric going up. Obviously, Mortgage Rates obviously, your Mortgage Rates are today. So its are going up today. So its going to affect everybody like weve said before, less disposable income, which thats what we me and teresa need people with disposable income. Really, its hard. I really do feel for people. There is a lot of people spending their money in chesterfield today because there is a massive flea market of course not in here. Were just talking about Interest Rates and coffee and shooting the breeze, which be doing the which well be doing for the rest afternoon because rest of the afternoon because were not going anywhere. Thank you very much well, thank you very much indeed that. But an indeed for that. But an indication of just tough indication of just how tough it is the high street. Is out there in the high street. Wilko, the high street retailer, going administration, going into administration, 12,000 jobs and 400 stores are at risk. At risk. Yeah. Do stay with us. More on that. Plus, donald trump in on that. Plus, donald trump in court protests as scaling rishi sunaks house. We are right across it. See you shortly. Across it. See you shortly. The temperatures rising, boxt solar the proud sponsors of weather on. Gb news. Weather on. Gb news. Hello, alex deakin here with your latest weather update from the met office for gb news. Not quite as wild as yesterday, but a cool cloudy day for most. A bit of sunshine here and there, but there are also a few showers around this low brought the wet and windy weather yesterday. Its clearing away, but it is allowing to come down its clearing away, but it is allovthe to come down its clearing away, but it is allovthe north, to come down its clearing away, but it is allovthe north, bringing� me down its clearing away, but it is allovthe north, bringing a e down its clearing away, but it is allovthe north, bringing a cooan from the north, bringing a cool feel and quite a bit of cloud. Plenty of showers across the highlands Western Isles highlands and the Western Isles and showers and a scattering of showers across england and wales could see 1 or 2 heavy ones, but many places will be dry for most of the day well see a little the day and well see a little bit of sunshine here and there, some brightness poking through, a blue could some brightness poking through, a temperaturesa could some brightness poking through, a temperatures in could some brightness poking through, a temperatures in the zould see temperatures in the south east into the 20s, maybe 23 or 24, but mostly, again , 23 or 24, but mostly, again, were high teens, low 20s at best, and feeling cooler with that breeze continuing to bring outbreaks of rain across northern scotland , sprinkling of northern scotland, sprinkling of showers elsewhere could be 1 or 2 heavy ones over eastern parts through the evening and indeed continue overnight. Elsewhere, most places will become dry. Well keep a fair bit of cloud around and temperatures will mostly hold up to 11 to 14 celsius. Friday, again in dry and bright for the most part. But there will be some showers again, particularly over northeast england. Initially and then moving south into parts of lincolnshire, east anglia and the south east. A sprinkling of heavy afternoon showers, but further west many places dry and a better chance of seeing some sunny spells, particularly in the for wales the afternoon for wales and southwest again, southwest england. Again, temperatures or low temperatures high teens or low 20s goodbye. 20s goodbye. The temperatures rising, boxt solar proud sponsors of weather on. Gb news. Good afternoon. It is 1 pm. And you are watching the live desk here on gb news. Coming up this thursday lunchtime as Interest Rates go up once again. One of britains major retailers announced theyre going into administration 12,000 jobs for hundred stores at risk. Is it all too high a price to pay is it all too high a price to pay to tackle. Inflation pay to tackle. Inflation greenpeace protesters are still on the roof of the Prime Ministers house in North Yorkshire. As a former deputy chief constable says its a major security failing and hes absolutely astonished by the breach. Breach. Donald trump to appear in court again today to face his most serious charges so far, four counts of conspiracy to defraud the election. The security barriers already in place in washington. Place in washington. Plus, on your bike. Thats plus, on your bike. Thats according to the work and pensions minister who is urging the over 50s to consider delivering takeaways to maintain their lifestyle into old age. A their lifestyle into old age. A food for thought. Well be talking about it shortly. Before we start, though, heres all your headlines rhiannon. Pitt. Thank you. Good afternoon. Its 1 01. Your top stories from its1 01. Your top stories from the gb newsroom. The bank of england has raised its Interest Rate for the 14th time in a row. Its increasing from 5 to 5. 25, the highest base rate since 2008. The bank says it expects inflation to be halved by the end of the year. One of the governments key priorities. But governments key priorities. But the increase piles yet more pressure on borrowers and mortgage holders. Shadow chancellor Rachel Reeves says the government needs to take action. Well the rate rise that weve seen today is just another hammer blow to families across the country who are seeing their mortgages increase. Mortgages increase. And when it comes to remortgaging , at the moment, remortgaging, at the moment, a family thats looking to remortgage their property is going to be paying on average more than £200 extra every single month. And for some people, its much more than that. Now, of course, the bank of england have independence and thats as it should be. But the government needs take government needs to take responsibility for the fact that inflation in the uk is much higher than it is in comparable countries. Countries. Well, that is high street retailer wilko says it plans to appoint administrators was putting around 12,000 jobs at risk. The boss of the homeware risk. The boss of the homeware chain says it expects to go into insolvency after failing to secure a takeover to help the business with mounting cash pressures. Wilko which has around 400 shops, filed a notice of intention to appoint administrators at the high court. The Prime Minister says he wont apologise for supporting new oil and Gas Exploration after greenpeace activists scaled his yorkshire home, draping it in black fabric in protest of the policy. Rishi sunak granted more than 100 new licence leases for oil and gas extraction in the north sea. The campaigners say theyve taken action to drive home the dangerous consequences of the move. Deputy Prime Minister Oliver Dowden has defended the governments plans. Governments plans. Most people would say, can you stop the stupid stunts . Actually what they want to see from government is action. The question is do we produce it here where we get more tax, we create more jobs, or do we do what the labour party and others say, which is say no more investment in our north sea oil and gas. That means fewer jobs and gas. That means fewerjobs here and more reliance on less Stable Energy which is shipped into this country. I dont think thats a sensible approach and its not one this government is going to take. Well, alex wilson from greenpeace says the Prime Minister needs to choose a side i were all here because rishi sunak has opened the door for a new drilling frenzy in the north sea. While large parts of our sea. While large parts of our world are literally on fire, this will be a disaster for the climate. It wont lower your climate. It wont lower your energy bills. Its not going to boost our Energy Security. The only people that are going to profit from this at all are the big oil companies. The deputy Prime Minister says Asylum Seekers will arrive onto the bibby stockholm barge in the coming weeks. The first group of migrants was originally scheduled to move into the controversial accommodation in portland, in dorset on tuesday. The delay was caused by issues surrounding the health and safety of port workers, not fire safety. Oliver dowden says hes confident the problems can be addressed after firefighters warned the vessels a potential death trap. The Prime Minister death trap. The Prime Minister says the governments pay offer to doctors is fair and final. Writing in the daily express, rishi sunak says therell be no more talks on this years pay, calling the latest offer very generous. Hes called the nhs an institution the uks rightly proud of and praised healthcare staff across the country. Mr sunakis staff across the country. Mr sunak is urging doctors to call off their strike as the science secretary has accused a labour mp of misleading the public after he shared a fake image of the Prime Minister. Mp for hull east karl turner posted a doctored picture showing rishi sunak at a beer festival with a badly pulled pint and a woman seemingly looking on disapprovingly. Michelle donelan has described sharing the deep fake image. Pretty desperate stuff by labour. Mr turner later said he hadnt realised the image was a fake. The average image was a fake. The average price of a litre of petrol rose for a second consecutive month in july. The rac found a litre of unleaded now costs 140 £0. 05 up of unleaded now costs 140 £0. 05 p by of unleaded now costs 140 £0. 05 up by a penny since the start of the month and up by £0. 02 since the month and up by £0. 02 since the start of june. The wholesale price of petrol rose by £0. 06 a litre in the middle of july, following hikes in oil costs, meaning further rises are likely. Diesel, meanwhile, remained the same. And viewers are the same. And viewers are switching off Traditional Television at record rates. Television at record rates. Thats according to a new ofcom report. The watchdog found the report. The watchdog found the number of people watching a programme on broadcast tv each week dropped from 83 in 2021 to 79 last year. Thats the biggest fall since records began. The declines as a result of increase in competition from streaming sites, as well as losing younger viewers to social media platforms , claims this is media platforms, claims this is gb news across the uk on tv, but also in your car, on Digital Radio and on your Smart Speaker by simply saying play gb news now its back over to mark and. Pip welcome back to the live desk on gb news. The bank of england have hiked Interest Rates for the 14th time in a row, bringing the 14th time in a row, bringing the base rate up from 5 to 5. 25. Chancellor jeremy hunt 5. 25. Chancellorjeremy hunt says sticking to plans will bnng says sticking to plans will bring Inflation Forecasts to below 3, while saying he will continue to help mortgage owners. Shadow chancellor Rachel Reeves saying its another hammer blow for struggling households. And to underline the problems for struggling high streets retailers, wilko in the past hour announcing they go into administration 12,000 jobs, 400 stores at risk. Lets bring in our economics and Business Editor Liam Halligan at the bank of england. Liam, just on this of england. Liam, just on this wilko announcement, i mean, weve got Andrew Bailey, the bank of england governor, saying this is having effect, bank of england governor, saying this maybe1aving effect, bank of england governor, saying this maybe ravir quite effect, bank of england governor, saying this maybe ravir quite the ct, bank of england governor, saying this maybe1avirquite the effect but maybe not quite the effect they of they wanted in terms of businesses. Businesses. Well, lets just take a breath here because wilko , that breath here because wilko, that high street perennial as you say, 400 Stores Across the uk, 12,000 jobs, theyre actually saying precisely theyre going to file a notice of intention to appoint administrators. That doesnt mean that theyve appointed administrators. This is often what happens when businesses are struggling. They talk about filing a notice of intention to appoint administrators in order, frankly, to bang the drum and say to the rest of the business world, we need money. Were basically for sale. This is what happened with the high street chain, the fashion chain joules, when it was rescued by next towards the end of last year. Next took about 100 of Joules Stores , a much, much smaller , if stores, a much, much smaller, if you like, business to digest than wilko would be. But it meant that most of the workers at joules didnt in fact lose their jobs. At joules didnt in fact lose theirjobs. Im not saying that theres a rescue, a kind of white knight, if you like, to use an Old Fashioned phrase, waiting in the wings for wilko. But what i am saying is that they havent yet appointed administrators. Administrators. Yeah, the chief executive, mark jackson , however, saying we mark jackson, however, saying we expect to enter insolvency because of what he described as mounting cash pressures. And of course it is an indication on about not just people with mortgages, its businesses whove had to borrow as well, are paying a much higher price for what their debt was. For what their debt was. Yeah, well, any ceo doesnt put his business up for sale and tell the world that its about to. It could collapse lightly. So hes going to be using some Strong Language because wants Strong Language because he wants another buyer to thats another buyer to come in. Thats how works. But clearly how business works. But clearly whats happening here is that a chain like wilko in many high streets up and down the country, known for their discount offerings, known for their sort offerings, known for their sort of cut price Home Furnishings and so on, they will be suffering. Theyre suffering because Consumer Sentiment has been dented severely by now, 14 successive Interest Rate rises. Successive Interest Rate rises. Theyll be suffering because as they would say, Business Rates their taxes , that businesses pay their taxes, that businesses pay high street businesses on the rateable value of their premises, whether they rent or own those premises. And of course, the online retailers dont pay those Business Rates because they work in cyberspace. Thats why many people have said there should be a kind of online sales tax to try and level the playing field. But this is clearly a blow. Wilko is a known and loved high street brand up and loved high street brand up and down the country, not at least in the midlands and across the north of england, rather than in the south of england. So much. But this is a worrying much. But this is a worrying development and im sure that when mark jackson, the chief executive of wilko , made this executive of wilko, made this decision to go public at a moment when he knows that every economics and Business Editor in town is at work and focussed on being on the television and on the radio. And so on. This is clear , clearly a cry for help clear, clearly a cry for help from a major British Business with 12,000 employees. As weve been saying , with 400 retail been saying, with 400 retail outlets across the country. And outlets across the country. And they will be looking for a rescue deal, just like the rescue deal, just like the rescue deal, just like the rescue deal when the high street clothing giant next bought joules. The Fashion Retail chain, in december last year. So lets see what happens. Lets see if they actually do go into administration. Lets see if something emerges from the woodwork because its not just the 12,000 employees of wilko who will be wondering, many of them women, many of those part time jobs that help hard pressed families to buy their extras and so on. The little treats and so on. Lets see what actually happens here. But clearly its big news wilko have made big news that wilko have made this statement. This statement. Yeah, millions of people will have a wilko in the where have a wilko in the town where they live. You very much, they live. Thank you very much, liam, for your analysis there. Now lets get the reaction of finance expert and co founder of raisin uk, kevin montford. Lets raisin uk, kevin montford. Lets start off, kevin, just by asking you about this rise in Interest Rates today by a quarter Andrew Bailey the bank of england governor, has been giving a press conference and he is saying the economy is expected to grow. But it sounds like from todays forecast it will be growing slowly. Growing slowly. Yes, i mean , this is the, as yes, i mean, this is the, as you say , 14th consecutive rise. You say, 14th consecutive rise. The highest weve had for around about 15 years. And i think this has always been the challenge that , you know, challenge that, you know, inflation increases as one of the blunt tools or instruments. The bank of england has to impact on inflation. But its a fine line because of also the impact it can have on the economy. So were seeing wage demands to counter inflation same time cost of borrowing going up and as weve just heard about wilkos, im not saying its the only reason , but its its the only reason, but its still going to play a part in the way that consumers are shopping. So fine balance shopping. So fine balance between trying to suppress the demand for products and services by increasing Interest Rates at the same time not stifling the economy. So i think its fine for Andrew Bailey to say, you know, the economy will grow , but know, the economy will grow, but when will that start to happen and at what rate . Yeah and of course, Monetary Policy, Interest Rates, pretty blunt instrument. I mean, he says it is having an effect and pay says it is having an effect and pay growth basically may be affected. But hes also saying that food inflation is still expected to be at 10 by the end of the year for most peoples pockets. Its still to going be really tough each day. Really tough each day. Yeah, and i think this is the biggest problem weve had. Yes. The inflation issue is a global one, but its impacting on people, on on all sides. Youve just referred earlier that petrol prices have gone up again. I think there are also kind of dark clouds around the ongoing invasion of ukraine in russia reneging on the grain deal russia reneging on the grain deal. I understand that theres problems possibly in india with the production of rice, etcetera. So there are still factors playing into the global inflation. Some will argue that inflation. Some will argue that in the uk the bank of england could have acted sooner and been a bit more forceful with Interest Rates earlier on in the process. But as i say , its process. But as i say, its a balance between driving down inflation and managing the economy. But yeah, i mean there are kind of difficult times ahead. I mean, the only other thing outside of business and i was listening to some of your your Peoples Panel earlier, there was representatives there from businesses and obviously consumer shares and just a quick thought we had jeremy hunt, consumer shares and just a quick thought we had jeremy hunt , the thought we had jeremy hunt, the chancellor, saying we will continue to do what we can to help households. I mean , what else can the i mean, what else can the government do . What else should the government be doing . As i say, theres well, as i say, theres winners and losers. So from a savers point of view, then the one thing that we need to do is ensure that people are getting the best they can the the best return. They can on the savings. Saw the savings. And we saw the Financial Conduct Authority this week telling the banks to start being a bit fairer from a borrower point of view. There was also the mortgage charter which was a consequence of the main industry representatives meeting again, governments and regulators. And that charter meant that there are initiatives to try and soften the blow. The last thing anybody wants is repossession of houses, etcetera. So if anybody is struggling, first thing you do is speak to your provider , is speak to your provider, whether its an extending of the mortgage term, whether its moving to interest only, whatever it may be. There are now initiatives that can be put in place. And i guess thats the kind of thing that jeremy hunt has been referring to. Kevin , thanks very much kevin, thanks very much indeed for joining kevin, thanks very much indeed forjoining us in indeed for joining us there in manchester your reaction. Manchester with your reaction. Thank manchester with your reaction. Tha okay. Manchester with your reaction. Thaokay. Well, find okay. Well, lets find out how further Interest Rate hikes that quarter percentage rise today is impacting you. We want today is impacting you. We want to hear your thoughts. So home owner and analyst colwell, youre a mum of two. You can join us now from dorset. Good afternoon. What is your reaction afternoon. What is your reaction then to this announcement today and how is it harming or helping you . You . Well, its a its certainly not going to help us. We have managed now to book in a mortgage that will kick in at the end of december. The end of december. And weve got a rate of 5. 4 for that at which i think probably sounds quite good compared to other people and whats going on. But as a raise from 1. 8, its obviously enormous and will hit us really hard from december onwards. Onwards. Im sort of hoping that when ive seen a few companies reducing their Mortgage Rate, im kind of hoping that maybe that will continue. But with an Interest Rate rise thats looking less and less likely. Looking less and less likely. And alice, last time we spoke to you, you were , i think, to you, you were, i think, rather frightened by the prospect of becoming off the fixed deal you had and you were looking at what else you could do to save money. I think youve even thought about getting a lodger help out. Lodger in to help out. Yeah , thats all going ahead. Yeah, thats all going ahead. Yeah, thats all going ahead. Yeah, thats all going ahead. Yeah. Yeah. Yeah. Havent got any choice we havent got any choice when got, you know, our when weve got, you know, our our mortgage is going to go up by a good £1,000 a month. So weve got to find that money from somewhere and you know, we havent got that sort of disposable income to take that on. So we have to find other ways of making £1,000 a month. So yeah, the lodger is on his way and im looking at various other jobs to do. I used to be a counsellor. Can i ask you how the rest how the rest of the family have reacted to that . Reacted to that . Its not going to be ideal. Its not going to be ideal. You know, its going to really impact our lives and its irritating, you know, to have to do these things. I dont know who to blame. I dont know who to blame. I dont know who to blame. I mean, i guess ultimately the responsibility for our house comes down to us. And so were taking on that responsibility and doing everything can. Everything we can. At a time when my husband but at a time when my husband was hoping to retire in a couple of years and, you know , im in of years and, you know, im in my 50s, you know, we were hoping that put everything in that wed put everything in place that we can live the place so that we can live the life that we want to live. And having somebody else sharing our house isnt you know, however lovely they are or whoever they are, we didnt particularly want to have someone else living with us. So yeah , its, its us. So yeah, its, its certainly not ideal all, but hopefully it will stop us moving or losing our house. We have also got an estate agent coming round within the next couple of weeks to take photographs while the or hopefully when the sun comes out so that if we do need to sell our house, weve got photographs ready and analyse. I would never have been so rude as to ask you your age, but you kind of mentioned it. What did you or do you think of did you think or do you think of whats been suggested today by mel stride over 50s mel stride that the over 50s they could become deliveroo employees and start delivering takeaways that might give you a bit of extra income, might it . And some exercise . And some exercise . It could. It could do. It could. It could do. It could. It could do. It could. It could do. I dont think we have deliveroo here. We live in the depths of dorset. Im not sure we even even have it. But guess i could start it. There you go. Theres a business idea for you. Oh, tell mr stride to get on his bike. Who knows . But anyway, thank you very much for joining us. Back to you again us. Well be back to you again and getting and see how youre getting on. But family well, of but we wish your family well, of course. Very much for course. Thanks very much for updating us here on news. Updating us here on gb news. Once more. Are watching the you are watching the live desk listening the live desk and listening to the live desk and listening to the live desk with Mark Longhurst and pip tomson coming up very shortly, well talking the well be talking about the protesters that have scaled the prime house in north Prime Ministers house in North Yorkshire in the last 40, 50 minutes or so. We understand they have climbed down. These are the live shots as they are being spoken to by officers. We understand currently it seems that North Yorkshire police have now arrived in some force after, of course , the former deputy of course, the former deputy chief constable announced that he was absolutely astonished by the lack of security in that they were able to get on to the roof there at 6 00 this morning for protesters, though, came down at about 1230. And as pip said, being spoken to. Now next to that, police van. In terms of peter walker, the former deputy chief constable, this was a major breach of security. They could have left anything devices or booby traps. Its a major booby traps. Its a major security failing. More reaction as we get it looks like things are heating up, boxt boilers, proud sponsors of weather on. Gb news. Hello alex deakin here with your latest weather update from the met office for gb news. Not quite as wild as yesterday, but a cool cloudy day for most. A bit of sunshine here and there, but there are also a few showers around this low brought the wet and windy weather yesterday. And windy weather yesterday. Its it is its clearing away, but it is allowing down allowing the winds to come down from bringing a cool from the north, bringing a cool feel and quite a bit of cloud. Plenty of showers across the highlands Western Isles highlands and the Western Isles and a scattering of showers across england and wales could see 1 or 2 heavy ones, but many places will dry for most of places will be dry for most of the day and well see a little bit of sunshine here and there, some brightness poking through. A sky could a little bit of blue sky could see temperatures in the south east into the 20s, maybe 23 or 24, but mostly, again , 23 or 24, but mostly, again, were teens, low 20s at were high teens, low 20s at best. And feeling cooler with that breeze continuing to bring outbreaks of rain across northern scotland, sprinkling of showers elsewhere could be 1 or 2 heavy ones over eastern parts through the evening and indeed continuing. But continuing overnight. But elsewhere, places will elsewhere, most places will become dry. Well keep a fair bit cloud around bit of cloud around and temperatures hold up temperatures will mostly hold up to 11 to 14 celsius. Friday, again in dry and bright for the most part. But there will be some showers again, particularly over north east england. Initially and then moving south into parts of lincolnshire, east anglia and the south east. A sprinkling of heavy afternoon showers, but further west many places dry and a better chance of seeing some sunny spells, particularly in the afternoon for and southwest england. For wales and southwest england. Again, teens again, temperatures high teens or low 20s goodbye. Or low 20s goodbye. Looks like things are heating up. Boxed boilers proud sponsors up. Boxed boilers proud sponsors of weather on. Gb news. Well, welcome back to the live desk. Lets take you live straight back to North Yorkshire outside the Prime Ministers constituency home. We can tell you that that the van is still there, but it appears the protesters whove come down from the roof may well have been now put into that van by North Yorkshire police , a substantial yorkshire police, a substantial number. The ladders we can see still there. Mark white, our Home Security editor, still with us. Because, mark, this is interesting in that trespass effectively is a civil tort, not a criminal charge. And yet we think we could see them in handcuffs. Yes , i can only imagine that yes, i can only imagine that they probably been arrested on suspicion of criminal damage. If suspicion of criminal damage. If youre climbing all over someone whos roof, then youve got an attaching things to it. Then attaching things to it. Then theres a potential for criminal damage. So certain certainly theyve been arrested because we saw them with their hands cuffed behind their backs. Quite a Significant Police presence. Well, theres a thing. Well, theres a thing. Well, theres a thing. Yeah. Bearing in mind at 6 00, we were told they got on to the roof. The police to the roof. The police seemingly not aware until 8 am. Yeah, we need to clarify that. There could be a little bit of a miscue. That. There could be a little bit of a miscue. Communication bit of a miscue. Communication with the North Yorkshire press office when they put that information out. But it would be staggering. I mean, its staggering. I mean, its worrying. I think that the Prime Ministers constituency residence , its even if he is residence, its even if he is not in residence, does not have some level of security. But if it is the case that these people got on to the roof, or at least started to climb onto the roof at 6 am. In the morning and the police only became aware of it, two hours later. Then that would be quite the official quote from nonh be quite the official quote from North Yorkshire police at the time. We are responding to reports of protest activity, close quotes , and that statement quotes, and that statement itself tells you, i think, that they did not have a presence at they did not have a presence at the scene. If theyre responding to report. The van, i think are they going to reverse . But clearly theyll be due legal process. Now however, just to sort of reinforce what youre saying, its a former deputy chief constable, peter walker, whos touched on this, saying hes absolutely astonished by whats happened. Well , i happened. Well, i think hes right, because you could never imagine a situation where the head of state or the leader of a country in other countries would have there it goes, properties, residential property, Police Officers, removing the ladders now that they used to scale the walls. So you would just never walls. So you would just never imagine that they would not have, for instance , with the us have, for instance, with the us president , the Vice President , other Senior Members of that administration, they would have seen secret Service Details, even at their addresses when theyre not there, because just because youre not there doesnt mean that that address is not at risk from people that want to damage it, or perhaps use plant listening devices who knows . Let me tell you something that happened to me a few years ago tony blair prime ago when tony blair was Prime Minister. Was minister. His constituency was in sedgefield. I just moved to the north east and i took my parents for a little drive and we drove through sedgefield and we drove through sedgefield and we down what must be like we went down what must be like a little slip road. And i had to turn my car around. Security were on me within about about 10s asking questions, asking my parents questions. What are you parents questions. What are you doing here . Where are you going . It was astonishing. Now why is there not the same level of. Okay, tony blair might not have been at home, but it was incredible night and incredible that night and we were it was were just you know, it was obvious we werent. Well this is what you would expect. Expect that our prominent you expect that our prominent people, our leaders to have proper security. Were living in proper security. Were living in an environment, in a world these days where they are under risk. You know, we just need to look at what happened to david amess. Mp in his own constituency to jo cox, and these are ordinary members of parliament. Without giving too many operational details away , what operational details away, what is the normal system . Is the normal system . Is it the local police force in this case North Yorkshire, or is there a special detail within the met that looks after these vips . So it comes under the remit of the parliamentary and diplomatic protection command. Diplomatic protection command. And so they would , wherever the and so they would, wherever the Prime Minister goes to ensure that he has a close security detail , escort that he has a close security detail, escort him to that he has a close security detail , escort him to locations detail, escort him to locations and also a guard property. So guard the likes of downing street, whether hes there or not, because it is a key in a sensitive building and also provide security at this home of his near northallerton. If he is his near northallerton. If he is up there and living there, they would be providing that security when theyre not there. It seems to be the responsibility of nonh to be the responsibility of North Yorkshire police, but on this occasion we dont know where theyve been. Can i just add as well, i was not arrested or charged with anything, so i should make that clear. You werent wearing an orange jumpsuit with. Yeah, it was very embarrassing. Mark, thank you. More reaction as we get it. Lets head glasgow now. Lets head up to glasgow now. Hundreds of spectators and competitors there for the worlds ever cycling worlds biggest ever cycling event. On your bike. Well, in the proper way. Lets bring in tony whos there and, tony, ive lost count of the number of events over ten days. All world championships, no less. Championships, no less. Yeah, thats right, mark. I help you out there. 13, 13 events over the course of these 11 days. And i suppose im not really including yesterday, which was the Opening Ceremony right here in George Square in the of glasgow. And quite the middle of glasgow. And quite a turnout, quite an event. And a turnout, quite an event. And all anyone can talk about is the fact that the rain stayed off. Makin little peek behind the makin a little peek behind the curtain of life in glasgow here. But certainly today in the fans zone and people started zone and people have started arriving now we a bit nervous when i arrived, but you know, perhaps its just the increase in the number cyclists in the in the number of cyclists in the road, cycle road, the increase in cycle paths all around our cities here in scotland and around in scotland and indeed around the you know , it seems the uk. But, you know, it seems like more of a of like cycling is more of a of a of a hobby for people in glasgow than ever. Of a hobby for people in glasgow than ever. And certainly quite a lot of people from around the country that i spoke as well. Country that i spoke to as well. Ispoke country that i spoke to as well. I spoke to a lovely couple from leicester were i spoke to a lovely couple from leicetoer were i spoke to a lovely couple from leiceto cheat were i spoke to a lovely couple from leiceto cheat on were i spoke to a lovely couple from leiceto cheat on their were i spoke to a lovely couple from leiceto cheat on their daughter here to cheat on their daughter who cycling which who is in the para cycling which starts today. And of course the starts today. And of course the track race at the chris hoy velodrome over in the east side of glasgow. And if you were of glasgow. And if you were wondering what direction that is, well, that one is over there. And now ive sort of adopted the role of the unofficial direction giver. I cant really think why , but cant really think why, but certainly it is as i know that the road closures start over here. And if youre wanting to come here to the fan zone, then the entrance is right over there and, um, but yes, yes. The entrance is right over there and, um, but yes, yes. All and, um, but yes, yes. All aeroplanes in this way, please. Aeroplanes in this way, please. Very quickly, does that finger extend as far as fort william, which i think is where the Mountain Biking is going to be, . Be, is that right . Yeah, thats correct. I dont yeah, thats correct. I dont know. I think you had to pay a subscription fee and a wee extra in app purchase for that one, but that would be quite something, wouldnt it. But yeah, mountain something, wouldnt it. But yeah, over mountain something, wouldnt it. But yeah, over and ountain something, wouldnt it. But yeah, over and justain something, wouldnt it. But yeah, over and just the biking over there and just the same recommendation to everyone, no matter where you are in scotland, check your local Council Website road Council Website for road closures. Lets not take the closures. But lets not take the fun out of it. This is huge fun out of it. This is a huge day scotland uk. Day for scotland and the uk. Tony. Well be great stuff, tony. Well be back later, of course, as back to you later, of course, as those events get underway. Thank you but lets get an you very much. But lets get an update on news update now on the news headlines. Rhiannon headlines. And rhiannon is waiting for. Headlines. And rhiannon is waiting for. Us thank you, mark. Its 133. Thank you, mark. Its133. Your top stories from the newsroom. The bank of england has raised its Interest Rate for the 14th time in a row. Its increasing from 5 to 5. 25, the highest base rate since 2008. The bank says it expects inflation to be halved by the end of the year. One of the governments key priorities mark the increase piles yet more pressure on borrowers and mortgage holders. Shadow chancellor Rachel Reeves says the government needs to take action. Well, the rate rise that weve seen today is just another hammer blow to families across the country who are seeing their mortgages increase. And when it mortgages increase. And when it comes to remortgaging , at the comes to remortgaging, at the moment, a family thats looking to remortgage their property is going to be paying on average more than £200 extra every single month. And for some people, its much more than that. Now of course, the bank of england have independence and thats as it should be. But the government needs to take responsibility for the fact that inflation in the uk is much higher than it is in comparable countries. Meanwhile the high countries. Meanwhile the high street retailer wilko has warned its on the brink of collapse , its on the brink of collapse, putting around 12,000 jobs at risk. Risk. The boss of the homeware chain says it expects to go into insolvency after failing to secure a takeover to help the business. With mounting cash pressures. Wilko which has around 400 uk stores, has filed around 400 uk stores, has filed a notice of intention to appoint administrators at the high court. It and the greenpeace activists that climbed onto the roof of the Prime Ministers home in North Yorkshire have been put in the back of police vans. Theyre now down. Theyve been protesting against 100 new nonh been protesting against 100 new north sea oil and gas licences granted by rishi sunak, who says he wont apologise for supporting the exploration mission. The activists scaled the pms house this morning, draping it in black fabric to drive home what they call the dangerous consequences of the policy. And you can get more on policy. And you can get more on all of those stories by visiting our website gbnews. Com. Direct our website gbnews. Com. Direct bullion sponsors the finance report on gb news for gold and silver investment. Heres a silver investment. Heres a quick snapshot of todays markets. The pound will buy you 1. 26, five, 5 and ,1. 1571. The price of gold is £1,526. 30 per ounce, and the ftse 100 is at 7501 points. Direct bullion sponsors the finance report on gb news for physical investment hi and welcome back to the live desk. Lets return now to the bank of england decision to raise the base rate by another quarter to 5. 25. We also want to know, of course, how its affecting you so weve put together another Peoples Panel together another Peoples Panel to find out how youre coping. To find out how youre coping. Yes. Lets go to the very aptly named number ten cafe and restaurant in chesterfield, where our east Midlands Reporter will hollis is with our panel. Will, lets see what theyve got to say then. Yes to say then. Yes the number 10 cafe and restaurant. No sign of any restaurant. No sign of any politicians , but views about the politicians, but views about the political decisions that are being made. Of course, the bank of england has raised Interest Rates by a quarter of a percentage. So weve come to chesterfield right in the heart of the country, and weve got a fantastic Peoples Panel here today. Fantastic Peoples Panel here today. James, you run a business today. James, you run a business tea and coffee merchants, you send it around the world, but mainly here in the british isles. When you saw that Interest Rate rise, what did that mean for you and your business . Well, immediate effect on well, the immediate effect on it was that it made a purchase of powder, which im of cocoa powder, which im currently making about £800 more expensive because the market actually dropped the currency market. The value of the pound shrank immediate on release of the news. So im guessing that that decision isnt something that decision isnt something that want to see. That you want to see. Rather remain as it is youd rather remain as it is or even go down. We know that the of interest the effect of these Interest Rate rises isnt immediate. Well, that depends on whether i look at as straight as a look at it as straight as just a Business Owner or whether i actually at it as somebody actually look at it as somebody whos a mortgage and whos whos got a mortgage and whos looking and looking to save some money and what you. Looking to save some money and whtand you. Looking to save some money and whtand ycgeneral effects of a and that general effects of a rate increase are, you know, i dont like them. My mortgage is going up. Theres figures i believe theres figures that about £400 a year that said its about £400 a year that said its about £400 a year that going cost me. That thats going to cost me. Well, another £400 a year after the previous one. After the previous one, you know, at some either , you know, some point, either, you know, everybodys going to run out of money because theyre going to be the banks be giving it to the banks or, you know, we going to you know, or are we going to start actually start looking at actually reducing Interest Rates slightly start looking at actually redumakingarest rates slightly start looking at actually redu making are so rates slightly start looking at actually redu making are so ratespeople start looking at actually redu makingare so ratespeople can and making it so that people can live enjoy living again live and enjoy living again rather than just living to work . 7 you . You were . You were just 7 you were just talking about the regular picture that everybody is experiencing. So stephen, youre a councillor here, a conservative councillor in derbyshire. What james was in derbyshire. What james was saying about the regular things that people are going through, thats your constituents, thats what your constituents, youn thats what your constituents, your, act erm you your, your distric act erm you know, people that are in where you where you serve live, you live, where you serve live, how are they affected. Well how are they affected. Well i think the big thing most people just want to get on with living their lives and be able to decide on their family decide on feeding their family and normal life. The rate increase obviously affects people in my area are so people in my area who are running businesses, to running businesses, they have to increase to pay staff. They have to increase their costs their customers. Costs to their customers. Have who are so you have people who are the cost of childcare, the cost of food, the of transport of food, the cost of transport and and energy. And fuel and energy. Are all basically these are all basically impacting. And one of the big ones is housing affordability. So, i mean, father four. Mean, im a father of four. Were looking get on the were looking to get on the Housing Market. It quite right now. Housing market. But it quite right now. Housing market. But also it quite right now. Housing market. But also with ite right now. Housing market. But also with the ight now. Housing market. But also with the cost now. Housing market. But also with the cost of n. But also with the cost of childcare, our two year old going cost £80 going is going to cost £80 for half means on a half a day, which means on a sole while im supporting sole income while im supporting my and family , it just is my wife and family, it just is getting more prohibitively expensive actually live expensive to actually live a life. So yes, Interest Rate life. So yes, Interest Rate increases are overall, i understand its to try and kerb inflation, but this is just obviously one of the things that we need to get through. Its we need to get through. Its really hitting hard. And i think most of my constituents just want to get on with their life. Theyre not interested in big policies. They just want to be able to live and feed their families. Were about 130 miles away england away from the bank of england down london. Skyscrapers. You down in london. Skyscrapers. You know, lots of people in fancy suits. But here in the heart of the midlands, where money isnt as you know, in as much of a quantity, what is the main thing that this kind of an Interest Rate rise will mean for people . Rate rise will mean for people . The thing youre likely to the thing that youre likely to hear councillor, its going hear as a councillor, its going to mean less money their to mean less money in their pockets ultimately that pockets and ultimately that is the mean, the the big thing. I mean, the median around you median wage around here is, you know, maybe £22,000. And when youve got a lot of single parent families , thats a big parent families, thats a big hurt and it really is becoming decisions on how theyre feeding their families, whether theyre paying their families, whether theyre paying heating bills, whether theyre its just really affecting people in their bottom pockets. Youve got a lots of pockets. So youve got a lots of big other policies that will have a downward effect on this as well. Were talking about disposable income there. Whether people have any money, disposable income is your business. You work in the salon trade. Its quite a young business isnt it, sam . Business as well, isnt it, sam . Do people have the money are do people have the money and are they less money they going to have less money today that interest today because of that Interest Rate rise . So theyll getting rate rise . So theyll be getting less nails done. Theyll be having less. Theyll less money, theyll have less money, basically. You know basically. Do you know what i mean . To think, mean . You youre going to think, arent you say, if arent you . Like you say, if its £400 a year, £400 its gone up £400 a year, £400 could the salon. So do you could be in the salon. So do you know what i mean . You could easily think, well, do you know what . Ill my hair down or what . Ill cut my hair down or my hair appointments um , come my hair appointments or um, come in less like they are doing because we see have seen because we can see we have seen it , um, and go because we can see we have seen it, um, and go from there basically its a tough time. I know. Actually, youre going to have to leave us soon because going have to because youre going to have to go haircut. But our go and do a haircut. But our peoples is here. Were Peoples Panel is here. Were bringing in new voices because everybody bit of a everybody has a little bit of a different if is different opinion, even if it is something affecting something that is affecting everybody in the country right now, will at number 10 just let that sink in . Thank you very much indeed for updating us there. And of course, more reaction to come throughout the afternoon. Former president donald will President Donald Trump will appearin President Donald Trump will appear in front of a judge again later today as he faces the most serious charges so far for counts of conspiracy to defraud the 2020 us election result. The 2020 us election result. Well, the security already being put in place outside the e. Barrett Prettyman Court building. Just to remind you, thats just around the corner from the us Capitol Building in washington. The scene of those election riots back in january 2021. The direct consequence, some would say, of trumps speech will our reporter paul hawkins has been following the story so far. Join us now in the story so far. Join us now in the studio. Were just learning that studio. Were just learning that even though this is just a sort of brief hearing in washington, he will be fingerprint id this afternoon. Yeah, which hasnt happened before. So one of his mug before. So one of his mug mugshot taken. He will be fingerprinted. Give some fingerprinted. Hell give some bafic fingerprinted. Hell give some basic as his basic information, such as his Social Security number, his basic information, such as his social his urity number, his basic information, such as his social his date number, his basic information, such as his social his date ofmber, his basic information, such as his social his date of birth, his name, his date of birth, etcetera. And then charges etcetera. And then the charges will him and were will be read to him and were expecting to enter plea of expecting him to enter a plea of not guilty if we just remind ourselves of those charges, let lets start with a conspiracy to corruptly obstruct and impede the january 6th congressional proceeding at which effectively the results were certified. And we know as part of that from the from this document and here it is, 45 pages of it, that according to the Vice President , then Vice President mike pence, his notes in a couple of phone calls during christmas time just before january 6th. He was asked not to certify the results on january the sixth. He said, i cant do that. I dont have the authority. And according to his authority. And according to his notes , donald trump said , youre notes, donald trump said, youre just too honest. This is what just too honest. This is what mike pence had to say last night. And bearing in mind he is also running to be president next year , and irrespective of next year, and irrespective of the indictment, i want the American People to know that i had no right to overturn the election and then on that day, President Trump asked me to put him over the constitution. Him over the constitution. But i chose the constitution and i always will. And i, i, i really do believe that anyone who puts themself over the constitution should never be president of the United States in anyone who asks someone else to put themselves over the constitution should never be president of the United States again. And just to underline, he will, we expect, be called to the eventual full hearing. I mean, those are words, though. You would have thought so. I mean, you would have thought so, but we dont know for certain. Its certainly going to be interesting once the really interesting once the really interesting the interesting when we have the trial interesting when we have the tnal and interesting when we have the trial and also when we trial dates set and also when we see candidates for the see the candidates for the republican nomination head to republican nomination go head to head the first debate, which head in the first debate, which is when is later this month, when theyre up on the theyre all lined up on the podium, but theyre having a proper. Proper pitch. Mentioned notes, you mentioned these notes, these that these contemporaneous notes that hes got that makes him an absolutely crucial , very absolutely crucial, very significant witness. Yeah , absolutely. Yeah. Yeah, absolutely. Yeah. Probably one of the most significant witnesses because he was the Vice President. So youve got these notes, youve got all these notes, youve got all these notes, youve emails from youve got these emails from from political advisers and from other appointed other politically appointed people were said to have people who were said to have told this is the prosecutor claim told donald trump that theres no fraud , theres no theres no fraud, theres no evidence, and that that that will be central to the prosecution. The other element is what donald trump told others to do, which all ties into this allegation of conspiracy on the various phone calls that he made. Yeah conspiracy to defraud the United States by using dishonesty, fraud and deceit to impair, obstruct and defeat the lawful government lawful federal government function of collecting, counting and certifying the results and we know from a leaked telephone call that he called the secretary of state for georgia, Brad Raffensperger , a republican Brad Raffensperger, a republican secretary of state in georgia. What he said the people of georgia are angry. The people of the country are angry and theres nothing wrong the people of the country are angnsayingheres nothing wrong the people of the country are angnsayingheresthatling wrong the people of the country are angnsayingheresthat youve ng with saying that, that youve recalco related. Well, mr president , the challenge that you have is the data you have is wrong. Data you have is wrong. You should want to have an accurate election. And youre a republican , we believe, but we republican, we believe, but we do have accurate election. I do have an accurate election. I know. Know. You dont know. Know. I know. You dont know. No, you dont. No, no, you dont. No, no, you dont. What they did and you know what they did and youre not reporting it. Thats a criminal offence. I just want to find 11,780 because we won the state. We have to stand by our numbers. We believe our numbers are right. Are right. Extraordinary conversation. Extraordinary conversation. But we dont know yet whether that particular recording will be admissible in court. Yeah, we dont know whether its admissible or in court. Its admissible or not in court. One would have thought the defence be he genuinely defence would be he genuinely thought right . Thought it was a fraud, right . So he didnt knowingly mislead anyone. Was he genuinely anyone. He was he genuinely thought it was. So despite all the people that were advising him. Would be him. Yeah. And that would be protected the First Amendment him. Yeah. And that would be pr the 25th of march and the 20th of may, youve got the two criminal trials and then if you look at the 15th of january, blue and red, hes got a clash of there hes got of dates there when hes got a civil and hes got the iowa civil case and hes got the Iowa Caucuses. So its going to be a caucuses. So its going to be a packed schedule. And dont forget, we still have squeeze forget, we still have to squeeze into forget, we still have to squeeze intheah. Yes. Yeah. Yes. Yeah. Yes. They said they wanted which they said they wanted to be speedy, but i mean, hes hes to push back that, hes going to push back on that, isnt he. Yeah. Because defence be. Because the defence will be. We to gather all we need more time to gather all the evidence. The evidence. The prosecution have and also the prosecution have spent gathering spent three years gathering their and they to spent three years gathering theirit and they to spent three years gathering theirit back and they to spent three years gathering theirit back anthe|ey to spent three years gathering theirit back anthe election to kick it back past the election because obviously the narrative will be im the victim. Yeah. So the details exactly. Yeah. So the details of what will be admissible in court yet to be worked out. But what we do know is that the political narrative would be this is a witch hunt and this is, you know, something that theyre trying to tar me with. Theyre trying to tar me with. And hell come out as a victim to his core supporters. What we dont know, of course, is what the effect will be on those floating the so called floating voters, the so called soccer those who soccer moms and those others who havent decided which way theyre vote. Theyre going to vote. Thats the really yeah, and thats the really interesting thing. Hes way ahead republican ahead within the Republican Party the moment. Hes party at the moment. Hes clearly the favourite get the clearly the favourite to get the nomination. What happens nomination. But what happens when general when he goes before the general electorate moment electorate at the moment that were 15 months from were still 15 months away from the the say that the election . The polls say that theyre neck. Theyre roughly neck and neck. Anything. What is anything can happen. What is going the effect those going to be the effect on those floating voters . If youve got donald trump court, possibly donald trump in court, possibly even convicted by the time we get election, but running even convicted by the time we getcandidateection, but running even convicted by the time we getcandidate and], but running even convicted by the time we getcandidate and then running even convicted by the time we getcandidate and then possibly for candidate and then possibly governing if he wins the election from extraordinary from prison, weve got go because prison, weve got to go because were going from the former president the United States were going from the former pr protesters were on rishi sunak roof in North Yorkshire earlier they now earlier today. They are now down. We understand theyve been taken police van. But taken away in a police van. But our , anna riley is our reporter, anna riley is there with more on this story thats been going on all morning. What can you tell us then , anna . Then, anna . Good afternoon. Yes, you may still be able to see behind me there is still a lot of Police Activity here, still several police cars. We have seen police cars. We have seen several vans leave rishi sunak mansion, though, with those four activists inside. They came here activists inside. They came here in the early morning. Greenpeace are saying that they arrived from six in the morning, but the official line from North Yorkshire police is that they were called at eight in the morning. Now they came with morning. Now they came with banners that they unfurled. They got up onto the roof with ladders and as they climbed on the ladders of this grade two listed manor house in Kirby Sigston in North Yorkshire, which is a leafy part of North Yorkshire , a very rural and yorkshire, a very rural and i suppose it never sees Police Activity like this here before. Activity like this here before. But these activists were demanding no new oil as they urged rishi sunak to be a climate leader, not a climate activist. As ive mentioned, police were called to the family home near northallerton this morning and it was around one 15 00 this afternoon that all the activists had come down. And then have been arrested and taken away by the police. This move has been condemned by deputy Prime Minister Oliver Dowden, whos standing in for rishi sunak at the moment during his holiday in california. He his holiday in california. He said it was a major breach of security, as he called it , for security, as he called it, for an investigation into how this has been allowed to happen. And thats what a lot of people are saying at the moment with the Prime Minister residence here. How did these activists get into the ground and do what they have done this morning . Done this morning . Anna, thank you for that. And more reaction, of course, as we get it. Yeah, we are hearing that those four greenpeace arrests have been protesters have have been the protesters have been reaction been arrested. More reaction very shortly. Very shortly. A brighter outlook with boxt solar proud sponsors of weather on. Gb news. On. Gb news. Hello alex deakin here with your latest weather update from the met office for gb news. Not quite as wild as yesterday, but a cool cloudy day for most. A bit of sunshine here and there, but there are also a few showers around this low brought the wet and windy weather yesterday. Its it is its clearing away, but it is allowing to down allowing the winds to come down from bringing a cool from the north, bringing a cool feel and quite a bit of cloud. Plenty of showers across the highlands the Western Isles highlands and the Western Isles and a scattering of showers across england and wales could see 1 or 2 heavy ones, but many places will be dry for most of the well see a little the day and well see a little bit of sunshine here and there, some brightness through, some brightness poking through, a of blue sky. Could a little bit of blue sky. Could see in the see temperatures in the south east 20s, maybe south east into the 20s, maybe 23 24, but mostly , again, 23 or 24, but mostly, again, were high teens , low 20s at were high teens, low 20s at best. And feeling cooler with that breeze continuing to bring outbreaks of rain across northern scotland, sprinkling of showers elsewhere could be 1 or 2 heavy ones over eastern parts through the evening and indeed continuing overnight elsewhere. Most will become dry. Most places will become dry. Well keep a fair of cloud well keep a fair bit of cloud around temperatures will around and temperatures will mostly hold up to 11 to 14 celsius. Friday, again , a dry celsius. Friday, again, a dry and bright for the most part, but there will be some showers again, particularly over northeast england. Initially and then moving south into parts of lincolnshire, east anglia and the south east. A sprinkling of heavy afternoon showers, but further west many places dry and a better chance of seeing some sunny , particularly in a better chance of seeing some sun afternoon particularly in a better chance of seeing some sun afternoon for rticularly in a better chance of seeing some sun afternoon for walesrly in a better chance of seeing some sun afternoon for wales and| the afternoon for wales and southwest england. Again, temperatures teens or low temperatures high teens or low 20s goodbye a brighter outlook with boxt solar proud sponsors of weather on. Gb news. Good afternoon. It is 2 00 and youre watching the live desk here on gb news coming up this thursday lunchtime , this thursday lunchtime, greenpeace peace protesters , greenpeace peace protesters, rather, arrested after climbing onto the roof of the Prime Ministers house. A former deputy chief constable says it was a major security how did it security failing. How did it happen . Well have the latest live from North Yorkshire. Live from North Yorkshire. Interest rates are going to stay higher for longer. That is according to bank of england boss Andrew Bailey. It comes as major retailers wilko announce theyre going into administration 12,000 jobs and 400 stores are at risk. Administration 12,000 jobs and 400 stores are at risk. Is it all too high a price to pay to tackle inflation . And donald trump to appear in court to face the most serious charges yet . Four counts of conspiracy to defraud the us election. The security barriers already in place in washington. Already in place in washington. Plus on your bike says work and pensions minister mel stride. Pensions minister mel stride. Hes urging the over 50s to consider delivering takeaways to maintain their lifestyle into old age. Food for thought before we start your headlines with rhiannon. Thank you, pip. Rhiannon. Thank you, pip. Good afternoon. Its 2 01. Your top stories from the newsroom. The bank of england has raised its Interest Rate for the 14th time in a row. Its increased from 5 to 5. 25, the highest base rate since 2008. The bank says it expects to inflation be halved by the end of the year. One of the of the year. One of the governments key priorities as the increase piles yet more pressure on borrowers mortgage holders and struggling households. But the governor of households. But the governor of the bank of england says he expects inflation on the price of goods will ease in the rest of goods will ease in the rest of this year. Of this year. Our core goods Price Inflation continues to be broad based. Inflation continues to be broad based. Its taking time for the based. Its taking time for the fall in Energy Prices to work through the supply chain and the pnces through the supply chain and the prices of imported goods have continued to rise despite a fall in world export prices. And in world export prices. And thats why in our central projection, we expect core goods Price Inflation to come down gradually. But let me be clear. Gradually. But let me be clear. We do expect core goods inflation to ease over the rest of the year and there are indicators that suggest it could happen faster than in our projection. Projection. While shadow chancellor Rachel Reeves says the government needs to take action sooii. 500. Soon. Well, the rate rise that weve seen today is just another hammer blow to families across the country who are seeing their mortgages increase. When it mortgages increase. When it comes to remortgaging , at the comes to remortgaging, at the moment, a family thats looking to remortgage their property is going to be paying on average more than £200 extra every single month. And for some people, its much more than that. Now, of course, the bank of england have independence and thats as it should be. But the government needs to take responsibility fact that responsibility for the fact that inflation in uk is much inflation in the uk is much higher than it is in comparable countries. Countries. Meanwhile, high street retailer wilko says it plans to appoint administrators, putting about 12,000 jobs at risk. The boss of the homeware chain says it expects to go into insolvency after failing to secure a takeover to help the business. With mounting cash pressures. Wilko which has around 400 uk stores, filed a notice of intention to appoint administrators at the high court. The full greenpeace activists that climbed onto the roof of the Prime Ministers home in nonh the Prime Ministers home in North Yorkshire have been arrested and theyd been protesting against a 100 new nonh protesting against a 100 new north sea oil and gas licences granted by rishi sunak. He says he wont apologise for supporting the exploration. The supporting the exploration. The activists scaled the pms house this morning, draping it in black fabric to drive home what they call dangerous they call the dangerous consequences of policy. Consequences of the policy. Deputy Prime Minister Oliver Dowden has defended the governments plans. Most people would say, can you stop the stupid stunts . Actually, what they want to see from government is action. The question is do we produce it here where we get more tax , we here where we get more tax, we create more jobs, or do we do what the labour party and others say, which is say no more investment in our north sea oil and gas that means fewer jobs here and more reliance on less Stable Energy which is shipped into this country. I dont think thats a sensible approach and its not one this government is going to take. Well, alex wilson from greenpeace says the Prime Minister needs to choose a side i were all here because rishi sunak has opened the door for a new drilling frenzy in the north sea while large parts of our world are literally on fire, this will be a disaster for the climate. It wont lower energy climate. It wont lower energy bills. Its not climate. It wont lower energy bills. Its not going to climate. It wont lower energy bills. Its not going to boost bills. Its not going to boost our Energy Security. We the only our Energy Security. We the only people that are going to profit from this at all are the big oil companies. Companies. The deputy Prime Minister says Asylum Seekers will be on the bibby stockholm barge in the coming weeks. The first group of migrants was originally scheduled to move into the controversial accommodate ocean in dorset on tuesday. The delay in dorset on tuesday. The delay was caused by issues surrounding the health and safety of port workers, not fire safety. Oliver workers, not fire safety. Oliver dowden says hes confident the problems can be addressed after firefighters warned the vessels a potential death trap. And the a potential death trap. And the Prime Minister says the governments pay offer to doctors is fair and final. Writing in the daily express , writing in the daily express, rishi sunak says therell be no more talks on this years pay, calling the latest offer very generous. Calling the latest offer very generous. Hes called calling the latest offer very generous. Hes called the calling the latest offer very generous. Hes called the nhs an institution the uk has rightly proud of and praised Health Care Staff across the country. Mr sunakis staff across the country. Mr sunak is urging doctors to call off their strikes. This is gb off their strikes. This is gb news across the uk on tv. In your car, on Digital Radio and on your Smart Speaker. By simply saying play gb news now its back to mark and. Back to mark and. Pip welcome back to the live desk. So the bank of england raising Interest Rates for the 14th time in a row, increasing the base rate by another quarter 5. 25. The governor, andrew to 5. 25. The governor, Andrew Bailey saying the rises are having an impact on bringing down inflation, but that rates may have to stay higher for longer to win the battle. Longer to win the battle. Well, lets cross over to our economics and Business Editor Liam Halligan, who is at the bank of england. Good afternoon, liam. A quarter percentage liam. So a quarter percentage rise , a percentage point rise rise, a percentage point rise less than a half that some were expecting. But this still means yet more pain for borrowers. Yet more pain for borrowers. It does. I guess the headline , pip, is that if youve got a mortgage of £200,000 on a 25 year term and the Mortgage Rate is currently about 6, then this increase in the bank of England Base Rate , if it increases your base rate, if it increases your Interest Rate that you pay on that mortgage, its going to be about £30 a month for 3 to £400 about £30 a month for 3 to £400 a year, which is quite serious money for any household. We can see here. The history of rate rises since 2017. Ultra low before the covid pandemic, then going even lower down to a quarter point during lockdown , quarter point during lockdown, and then a series of rate rises, 14 rate rises to 5. 25. Now thats the highest since april 2008. Good news if youve got some savings and your bank is passing those Interest Rate rises on not so good if youre either on a variable Rate Mortgage or youve got a fixed Rate Mortgage, and then you have to remove mortgage. And thats the political and economic to remove mortgage. And thats the here. litical and economic to remove mortgage. And thats the here. Atical and economic to remove mortgage. And thats the here. A lotl and economic to remove mortgage. And thats the here. A lot ofnd economic to remove mortgage. And thats the here. A lot of people, mic to remove mortgage. And thats the here. A lot of people, they pain here. A lot of people, they mortgage during the time when rates were low on two, 3 or 5 year fixed rate deals. When they come off those deals, theres a big shock because suddenly they face much, much higher Interest Rates. And why the rates. And thats why the Housing Market is looking a bit shaky. Housing market is looking a bit shaky. And theres so shaky. And theres so much concern this bank of concern about this bank of england just looking at england action just looking at what the Monetary Policy committee decided. It is a bit worrying i mean, it is a bit worrying that two of them were looking at a half a rise, that maybe they think theres yet more to be done despite the done on inflation despite the bank saying they expect uk inflation to drop below 5 in these last few months of 2023. These last few months of 2023. Indeed, there was a split mark. As you say, there was actually a three way split, nine members on the Monetary Policy committee, including the bank of englands chair, Andrew Bailey. Six of them said Interest Rates should go up by 0. 25. Thats the opinion that one out, two of them said they should go up by more by half a percentage point. But one said that Interest Rates should stay fixed. As people like should stay fixed. As people uke been should stay fixed. As people like been arguing for like me have been arguing for many so there is a range many months. So there is a range of opinions across the bank of england Monetary Policy committee, which is as it should be, and just the bank of england governor and the deputy governor, Ben Broadbent and dave ramsden , whos another senior ramsden, whos another Senior Member of the mpc. Ramsden, whos another Senior Member of the mpc. They held a member of the mpc. They held a press conference in the last hour or so that decision hour or so since that decision at 12 00. And in that press conference they said governor bailey said policy does need to remain in restrictive. That means he cant see Interest Rates falling any time soon. But he added the path to lower inflation is now more assured. Inflation is now more assured. However, later in the press conference, the governor did indicate that it may be that Interest Rates stay relatively high. That is above 5. Wait for it for the next 2 to 3 years. Is now. That may be posturing. It for the next 2 to 3 years. Is now. That may be posturing. He may be saying to financial markets, keep buying the pound because that keeps inflation low, because it keeps our exports more competitive and our imports cheaper. Or it may be that hes signalling theres a lot more pain to come. Look, it lot more pain to come. Look, it could have been a lot worse today for mortgage holders. We could have seen a 50 basis point rise, half , could have seen a 50 basis point rise, half, and we just saw rise, a half, and we just saw a quarter which quarter point rise, which suggests at least the bank feels in inflation is now moving in the right direction. All eyes now will be on the 16th of august because thats when the next inflation number comes out for the month of july. If that is significantly down from 7. 9, where inflation was during the year to june, then it may be that this could be the peak of uk Interest Rates in this cycle. All i can say, mark, for home owners is fingers and toes crossed. Crossed. Indeed. Liam, thank you for that. And away, of course, some home owners are. Lets reflect on business at the major high street retailer wilko today saying that its filed a petition to go into admin orchestration at the high court. Now that could put some 12,000 jobs at risk at its 400 Stores Across the country. The boss of across the country. The boss of the chain saying business was facing mounting cash pressures, an indication, of course, of the problems of high Interest Rates. It comes a week after official figures showed insolvencies in england and wales surged to their highest level for 14 years as firms were hit by tighter consumer budgets and rising borrowing costs. And rising borrowing costs. Its well, lets get more now with our south east of england. Reporter ray addison, who is down in crawley and has switched from the Estate Agents to indeed wilko. There in crawley. It is a familiar face, of course, for many high streets. The cheaper end budget shopping. But even they are hitting these problems of borrowing money and getting into debt and thats costing more and more. Well, absolutely. More and more. Well, absolutely. I mean, ive been speaking to some wilko shoppers here this afternoon and some of them saying to me theyre not that surprised to hear the news that wilko could be entering administration because of the lack of stock thats currently available in the store. So many items missing. One person saying items missing. One person saying they were speaking to a member of staff and saying, you know, where is everything . And perhaps thats an indication of whats going behind the scenes. Of going on behind the scenes. Of course, this high. High street retailer has 400 stores just like this one here in crawley. All around the country. It sells homeware and hardware and it employs 12,000 people. And of course, today they will have found out that their jobs are at risk. But one found out that their jobs are at risk. But one member of found out that their jobs are at risk. But one member of staff risk. But one member of staff who didnt wish to go on camera telling me that theyre absolutely devastated by this news. Of course, the boss of wilko chief executive mark jackson , saying that while we jackson, saying that while we can confirm that weve had a significant level of interest, including some indicative offers at present , including some indicative offers at present, we dont today have an offer that provides the necessary liquidity in the time that they have available. Although he stresses they are going to continue to have those discussions with interested parties. And of course , there parties. And of course, there will be many thousands of members of staff and members of the public as well who know and love this brand, who will be hoping that some kind of resolution can be made that saves this vital high street store. Now, of course, as you mentioned, this comes off the back of the latest last Interest Rate rise , a quarter of a and rate rise, a quarter of a and of course, its a particularly key issue here in the south east where home owners have been struggling. I spoke to some struggling. I spoke to some about the latest rise. Heres what they had to say. What they had to say. I dont have a mortgage. I dont have a mortgage. Im very lucky. Im very lucky. Ive repaid mine a couple of years ago. I just feel really, really sorry for the people who do have mortgages. I work in a finance and i know how much it affects them. We have people coming in all the time that, you know are struggling to meet the repayments and really scary repayments and its really scary for. For them. I grandchildren i have grandchildren struggling to get on the housing ladden yes. Yes. Yes. Yeah. Yeah. I mean, my granddaughter later moved up north to newcastle because thats thats where she went to university. And property is so much cheaper up there. Cheaper up there. To be fair, the way things are at the minute, you know, nobody has got any spare money to keep putting things up like theyre doing. Its just ridiculous, you know, its almost like theyre trying to sort of keep people down so that theyve got no money to spend. Mine is due for renewal in february, so. February, so. So, yeah, im im going to get clobbered. I know im going to get clobbered. You know, weve been on a fixed a fixed rate for the last i dont know whether it was 2 or 5. I think it was five. I think well just scrape by my wifes. Shes a driving instructor. So, you know, thats helped a lot. Itsjust. Instructor. So, you know, thats helped a lot. Its just. Yeah we are going to struggle. Its not going to be easy, but well , its going to be easy, but well, its awful at the moment. Im trying to still be a First Time Buyer and its just making things seem even more impossible than they were to start with. So to be on your own for a First Time Buyer, it now seems like it will never be something you can achieve. Everything else you can achieve. Everything else that comes with owning a house will to be expensive to will also to be expensive to achieve well. Achieve as well. Yet more financial pressure heaped on families there. Ray and of course its families that would go to places like wilko, a budget retailer for such a familiar store on the high street. Street. Absolutely. And with these Interest Rate rises seemingly no end in sight until potentially the end of end of the year. Were hearing that there seems fewer and fewer places where people who are on tight budgets andisnt people who are on tight budgets and isnt that all of us at the moment can really go and make sure that they can, you know, get what they need and within the budget that they have. And, you know, people i think, very, very shocked, very upset, but perhaps not surprised with these interest rises. It does have that impact at every single level of the economy from our from our mortgages to everywhere that we shop as well. And this news, as im saying, will be devastating for those 12,000 employees who are will who will no doubt themselves have been struggling with their own interest and Mortgage Rates. Ray interest and Mortgage Rates. Ray in crawley, thank you very much indeed for updating us there with that news. As we say, 12,000 jobs, 400 stores at risk now, North Yorkshire police have confirmed that they have arrested four greenpeace protesters who had been on the roof of the Prime Ministers house in his North Yorkshire constituency. Greenpeace uk constituency. Greenpeace uk climate campaigner philip evans saying our activists activists came down having delivered their message to the Prime Minister. Its time for sunak to decide which side he is on. Big oil profits or the future of a habitable planet. Lets speak to our reporter anna riley, whos up there because the other aspect to this, anna, is the reaction, particularly of the former deputy chief constable, saying that there was real saying that there was a Real Security breach. Security breach. Thats it. Yes, that is what that constable has said. And from the reports we know that from the reports we know that from from what greenpeace are saying and what other reports are saying, that they were here from six in the morning, but police are saying that they were notified at in the morning notified at eight in the morning to come and protesters started coming down at around 1230 this afternoon from the roof. And finally left after 1 00, around 115. There was for greenpeace , 115. There was for greenpeace, activists were arrested. Were still waiting to hear from the police what exactly that charge is, that they have been arrested for. But, yes, it certainly has raised a lot of security concern means that these people could come into the Prime Ministers home, scale his roof and obviously put out that banner as to what they say. Theyre getting their message out about. The reason announcements that have been made around world oil and yes , you mentioned peter and yes, you mentioned peter walker there. He stepped down as nonh walker there. He stepped down as North Yorkshires deputy chief constable in 2003. He said he was absolutely astonished that the protesters gained access to the protesters gained access to the house and its him thats called for an investigation. An called for an investigation. An as ive said, it comes as mr sunak mp for nearby richmond here unveiled plans to max out the uks oil and gas reserves by granting more than 100 new licences for extra action in the nonh licences for extra action in the north sea. And theres been north sea. And theres been reaction as well from deputy Prime Minister Oliver Dowden. Hes standing in for mr sunak while hes on holiday with his family. Currently in california. And he told the protesters to stop the stupid stunts. So yes, Police Activity is still ongoing now at the home, theres still several police vans, police cars here and a heavy presence. Ive here and a heavy presence. Ive spoke to them earlier. They said they are still searching the home just to make sure its secure, to make sure that theres nothing else sinister that they can find there. And perhaps also collating any extra evidence. So well keep an eye evidence. So well keep an eye out for the updates that we get from the police and of course, im sure well be covering the from the police and of course, im s|case ell be covering the from the police and of course, im s|case asl be covering the from the police and of course, im s|case as well. Overing the from the police and of course, im s|case as well. When; the from the police and of course, im s|case as well. When it he court case as well. When it comes court. Comes to court. Anna riley, thank you very much. Extraordinary scenes that at the Prime Ministers house there in North Yorkshire. Lots of questions to be answered about security coming up here on the live desk. Well be looking at President Donald Trump who is due in court later this afternoon in washington , one, and were told washington, one, and were told he will have his fingerprints taken all the latest coming up. Stay with us. That warm feeling inside from the boxt boilers. Proud sponsors of weather on. Gb news. Of weather on. Gb news. Hello, alex deakin here with your latest weather update from the met office for gb news. Not quite as wild as yesterday, but a cool, cloudy day for most. A bit of sunshine here and there, but there are also a few showers around this low brought the wet and weather yesterday. And windy weather yesterday. Its is its clearing away, but it is allowing come down allowing the winds to come down from the north, bringing a cool feel and quite a bit of cloud. Plenty of showers across the highlands the Western Isles highlands and the Western Isles and scattering showers and a scattering of showers across wales. Could across england and wales. Could see 1 or 2 heavy ones, but many places be dry for most of places will be dry for most of the day and well see a little bit of sunshine here and there, some brightness poking through a little could little bit of blue sky. Could see temperatures in the south east into the 20s, maybe 23 but mostly , again, 23 or 24, but mostly, again, were teens , low 20s at were high teens, low 20s at best. And feeling cooler with that breeze continuing to bring outbreaks of rain across northern scotland. Sprinkling of showers elsewhere could be 1 or 2 heavy ones over eastern parts through the evening and indeed continuing overnight. Elsewhere, most places will become dry. Well fair bit of cloud well keep a fair bit of cloud around temperatures will around and temperatures will mostly hold up to 11 to 14 celsius. Friday again, dry and bright for the most part. But there will be some showers again, particularly over north east england initially and then moving south into parts of lincolnshire , east anglia and lincolnshire, east anglia and the south east, sprinkling of heavy afternoon showers, but further west many places dry and a better chance of seeing some sunny spells, particularly in the wales the afternoon for wales and southwest england. Again, temperatures or low temperatures high teens or low 20s goodbye. 20s goodbye. That warm feeling inside from boxt boilers. Proud sponsors of weather on gb news 0. Welcome back to the live desk. Lets look ahead to what could be more dramatic events in washington, dc. Today. Donald washington, dc. Today. Donald trump court later as hes trump in court later as hes accused of plotting effectively to overturn the 2020 election. The former us president is hit with criminal charges , of with criminal charges, of course, on other issues. Three times in the past four months. And you can see a live pictures of washington , d. C, pictures of washington, dc, where security has been ramping up outside the Barrett Prettyman courthouse. We are expecting courthouse. We are expecting donald trump to appear in court at 9 00pm our time. That will be at 9 00pm our time. That will be 4 pm. Eastern time. Whether we get to see him going in in person , were not yet sure, but person, were not yet sure, but we do think hell be fingerprinted. Yeah, well, we know hes going to be fingerprinted. We dont know about the mug shot, but hes flying down from his jersey golf resort and his new jersey golf resort and will well , facing a rather will be well, facing a rather different bunker , perhaps in different bunker, perhaps in terms of the criminal law and the politics. Molly jong fast is a special correspondent , vanity a special correspondent, vanity fair, host of the fast politics podcast, who joining us now. And podcast, who joining us now. And i guess that the other element is this courthouse is literally around the corner from the Capitol Building where we saw the rioting in january, january sixth, and of course, where he made that speech. Its coming home to roost. Yeah, i mean , i think that yeah, i mean, i think that people in the district of columbia have been more affected by the january 6th riots and by the protests before then than they have in palm beach or they have in these other jurisdictions where trump has or will likely be indicted. And we were talking earlier about mike pence, who could be a very, very significant witness here because he was making contemporaneous notes in the days leading up to the riots. Yeah, mike pence was actually the person that this whole scheme hinged on right. That they were pressuring mike pence pence to overturn the electors to make this sort of very unusual move of throwing out these electors and substitute these electors and substitute these fake electors, which was something he never had, the constitutional jurisdiction to do. And in fact , at the he was do. And in fact, at the he was sort of soul searching and trying to figure out if he could do it, because, remember, a lot of republicans in america are deeply afraid of donald trump or they are deeply i dont even know what their motivation is , know what their motivation is, but with a lot of stuff. And stance on this is and their stance on this is that washington is a democrat town, so you wont get a fair heanng town, so you wont get a fair hearing. The judge who will hear hearing. The judge who will hear it eventually an obama it eventually was an obama appointee to the bench. Appointee to the to the bench. And so theyre starting this narrative already. Well, this narrative already started , right, with first started, right, with the first indictment. I mean, whats interesting is in florida, trump has a judge that was his has gotten a judge that was his judge. Appointed her and she judge. He appointed her and she has been very favourable to him. Judge eileen cannon and there has still been this right wing narrative. I mean, whats interesting to me is that you conservatives had republicans in america had a choice. They could dump trump and go for any number of other republican candidates from mike pence to you know, anyone else. And instead , they anyone else. And instead, they decided to stay with trump and dump the law , you know, and say dump the law, you know, and say its wrong for, you know, to the law to be against trump. He law to be against trump. He should be above the law. Yeah. And what does it say about the american psyche, if you like, that that here is a man who could potentially be facing years in prison, but could become president and could pardon himself. Yes, people are still going to vote for this guy i he is the republican frontrunner. He very likely will win the republican nomination. I mean , he nobody else can even mean, he nobody else can even touch him, even though he keeps getting indicted. And in fact , getting indicted. And in fact, his first indictment was an enormous cash cow for him. He raised a tonne of money. He shot up in the polls. I mean, trump has been very smart about i mean , smart, wily about pushing this and saying theyre not indicting me. Theyre indicting you. Yeah. Yeah. And an indication that yeah. And an indication that his legal team want this to be delayed as long as possible. Prosecution obviously want to press on because weve got this narrative of the politic cycle sort of calendar and the Court Calendar running alongside. And i guess this will feed into their efforts to try and say this is a political persecution done . Well, i think one of the problems that the prosecution is going to have is that there are so many cases, right. You have two cases. You have one two federal cases. You have one state youre to state case and youre going to have very in have another one very soon in georgia. Youre going to have georgia. So youre going to have all of these cases. And trump is, and you saw from is, by the way, and you saw from the documents his the filing documents for his pack, spent millions pack, they have spent millions and millions of dollars on his legal defence. I mean, just and theyre going to have to spend millions more. So millions and millions more. So the think , is that, the problem i think, is that, you know, the timing of all of these cases will actually hurt these cases will actually hurt the prosecution because hell be able to kick them down the can. Right. Will it hurt him politically . Because clearly he is still riding high terms of the riding high in terms of the republican polling. The republican polling. But the bigger is it goes to bigger question is it goes to the 2024 race with biden is what the 2024 race with biden is what the floating voters, the so called soccer moms and those who are undecided, what that will do to him . Well, heres the thing. In america , we dont win. We dont america, we dont win. We dont declare president with the popular we declare popular vote. We declare president with electoral president with the electoral college. College. The votes state by state. Right so he does not have to win the popular vote. In fact, a lot of republicans dont win the popular but win the popular vote, but they win the electoral college. Just needs electoral college. He just needs to a certain number votes to win a certain number of votes in wisconsin and michigan. And you know, he just needs to rack up big states. That up the big states. And that has always been his game. So i think right now the campaign is just trying to stay alive. But i think that, you know, once he gets the nomination, its anybody. His guess and we weve heard from trump junior or heard from eric trump junior or donald trump junior earlier, basically the same. Basically the same. Yes, thats true. Hard to tell apart. But we have seen his phrase love above. But we havent seen ivanka trump, son in law, Jared Kushner, ivanka trump, son in law, Jared Kushner , melania trump. Theyve kushner, melania trump. Theyve all gone very quiet. All gone very quiet. Would you go along with this . I mean, it seems i mean, he may win. He may win president again. But, you know , hes hes again. But, you know, hes hes got a lot hes looking at a lot of legal cases on an expense for the lawyers as well, and also for the donors. Yeah. Thank you very much for joining us. And of course, well continue monitor 4 00 us continue to monitor 4 00 us time, 9 00 london time. Well have all the latest here on gb news. But lets get an update now on the headlines. Rihanna is waiting for. Now on the headlines. Rihanna is waiting for. Us mark, thank you. Good afternoon. Its 232. Your top stories from the newsroom. Im stories from the newsroom. Im the bank of england has raised its Interest Rate for the 14th time in a row. Its increasing from 5 to 5. 25. The highest base rate since 2008. The bank says it expects inflation to be halved by the end of the year. One of the governments key priorities , the increase piles priorities, the increase piles yet more pressure on borrowers, mortgage holders and struggling households. But the governor of the bank of england says he expect s inflation on the price of goods to ease core goods. Price inflation continues to be broad based. Its taking time be broad based. Its taking time for the fall in Energy Prices to work through the supply chain and the prices of imported goods have continued to rise despite a fall in world export prices. And fall in world export prices. And thats why in our central projection, we expect core goods Price Inflation to come down, grab really. But let me be clear. We do expect core goods inflation to ease over the rest of the year. And there are indicators that suggest it could happen faster than in our projection. Meanwhile high projection. Meanwhile high street retailer wilko has warned its on the brink of collapse , its on the brink of collapse, putting around 12,000 jobs at risk. Risk. The boss of the homeware chain says it expects to go into insolvency after failing to secure a takeover offer to help the business with mount owing cash pressures. Wilko which has about 400 uk stores, has filed a nofice about 400 uk stores, has filed a notice of intention to appoint administrators at the high court and the for greenpeace activists that climbed onto the roof of the Prime Ministers home in nonh the Prime Ministers home in North Yorkshire have been arrested. Theyd been protesting arrested. Theyd been protesting against 100 new north sea oil and gas licences granted by rishi sunak. He says he wont apologise for supporting the exploration. The activists scaled the pms house this morning, draping it in black fabnc morning, draping it in black fabric to drive home what they call the dangerous consequences of the policy. And you can get of the policy. And you can get more on all of those stories by visiting our website, gbnews. Com welcome back to the live desk. Some breaking news coming in from North Yorkshire police who say those four greenpeace activists that came down off the roof of the Prime Ministers house were arrested on suspicion of causing criminal damage and pubuc of causing criminal damage and public nuisance. The assistant chief constable Elliot Foskett saying shortly after 8 am. This morning we responded swiftly to reports of protest activity at the Prime Ministers North Yorkshire address. No threat to yorkshire address. No threat to the wider public. Its now been brought to a safe conclusion just reflect, of course, greenpeace said they up greenpeace said they were up there this morning, so there by 6 00 this morning, so up for hours before up there for two hours before the got to them. The police got to them. The bank of england has now the bank of england has raised you raised Interest Rates, as you might heard , to a new 15 might have heard, to a new 15 year high of 5. 25 as it tries to control rising inflation. We want to know how this affects you. So want to know how this affects you. So weve pulled together a Peoples Panel to find out. Lets cross over to the very appropriately named number ten cafe and restaurant in chesterfield. I wonder why our east Midlands Reporter will hollis chose that . Will, you are with our panel. Yes. Its incredibly spacious here at the cafe, but probably not quite as big as the Prime Minister is. House number 10 downing street, of course , downing street, of course, chesterfield, about 100,000 people live here, a big town right in the heart of the midlands. And we tried to fit them all in, but it just wasnt quite big enough. Weve got a little selection, though. Our Peoples Panel today. Weve got james weve got councillor james and weve got councillor steve but weve got steve reed, but weve also got hugh joined us. Weve hugh whos just joined us. Weve been interest been talking about Interest Rates course, the story rates. Of course, its the story of the day as a tea merchant, a businessman, how is that interest rise going affect interest rise going to affect your business . Its going to put overheads up. We were seeing also the effect will be that customers have got less money to spend as a result, which also is not very good when youre selling, you know, fine quality teas and coffees. Its the whole idea is that theyre not cheap, you know , so its going to have a negative effect. Negative effect. Thats the kind of thing that isuppose thats the kind of thing that i suppose gets missed from the Shopping List at the moment. Is it maybe in killamarsh where youre from in North East Derbyshire , where people are derbyshire, where people are having to make really difficult decisions . Steve, on the things that they might be buying because of these Interest Rates and effect it has the and the effect it has on the money theyve yeah, money that theyve got . Yeah, 100. Businesses 100. I think when businesses have put prices up have to put their prices up because Interest Rates, because of Interest Rates, theyre choices theyre making difficult choices about paying theyre making difficult choices abou� grocery paying theyre making difficult choices abou� grocery or paying1g their grocery bill or paying heating what theyre their grocery bill or paying heating doing what theyre their grocery bill or paying heating doing with hat theyre their grocery bill or paying heating doing with their1eyre their grocery bill or paying heating doing with their money. Actually doing with their money. It that theres less it also means that theres less employment going around because businesses tough employment going around because busines about tough employment going around because busines about staff. Tough employment going around because busines about staff. So ugh choices about the staff. So theres Job Opportunities choices about the staff. So theas Job Opportunities choices about the staff. So thea s the opportunities choices about the staff. So the a s the constituentss for a lot of the constituents that i represent. Child that i represent. And child care is cost , which is already a huge cost, which prohibits a lot of people from going back to work when theyre paying. £80 for half paying. We pay £80 for a half day for one two year old and we still got a six month old to sort. If youre paying £320 sort. So if youre paying £320 a day for two children, for childcare, for my wife, it just doesnt sense. Doesnt make sense. So theres all these so theres all of these things the cost things that add up to the cost of living people do find it of living and people do find it hard. Benefit Interest Rate the benefit of Interest Rate rates be people can rates should be that people can save but thats not save more, but thats not currently the currently happening with the banks. The banks. And i know the governments something governments brought something out to pass the out to say they need to pass the Interest Rates on savings, Interest Rates on for savings, but yet. And but were not there yet. And overall, of living is a overall, the cost of living is a big challenge for people, especially the people i represent, interest represent, that Interest Rates are difficult because are really difficult because mortgages people that mortgages go up and people that are debt, they might to are in debt, they might have to pay are in debt, they might have to pay bit more. Hugh, pay a little bit more. Hugh, youve joined the youve just joined us on the peoples youre Peoples Panel today. Youre retired servant, years Peoples Panel today. Youre retiryso servant, years Peoples Panel today. Youre retiryso yourservant, years Peoples Panel today. Youre retiryso your memory years Peoples Panel today. Youre retiryso your memory willears Peoples Panel today. Youre retiryso your memory will span old. So your memory will span back a little bit further than all of us here. How does this compare to interest . You know, high Interest Rates of the last 74 years of your life . Yeah you know, if you go back to the late 70s and the early 80s when i experienced really high Interest Rates being newly married and really struggling , married and really struggling, we were hitting 16 in those days. Now i know the world is different now. You know, in drawing direct comparisons between then and now are really hard. But we had hardly anything. But we had hardly anything. But we had hardly anything. You know, i was saying to someone earlier, you know, how do you cut back on having beans on know , for tea or on toast . You know, for tea or whatever . And i imagine there will be families nowadays who will be families nowadays who will a similar position. Will be in a similar position. It be really, really tough. It will be really, really tough. But nothing. Young people but we had nothing. Young people nowadays lots of the nowadays have got lots of the majority of people have got lots of things that they didnt necessarily need to buy buy. And, you know, theyll all have high mortgages. We didnt have high mortgages. We didnt have a high mortgages. We didnt have a high mortgages. We didnt have a high mortgage either because they wouldnt lend you lots of money in those days. Whereas nowadays they encourage you to take as much debt as they can. So people are kind of stuck between the devil and the deep blue sea. And i dont know where blue sea. And i dont know where you go when youve got nowhere to expand. You said the world is a little bit different. The standard of living here in britain is obviously massively different from the £70. How do you think this is going to affect your customers decisions 7 affect your customers decisions . You said maybe theyre going to bit less, but to buy a little bit less, but ultimately you need to pay your staff and you want your business ultimately you need to pay your stigrow. 1 you want your business ultimately you need to pay your stigrow. Whatsant your business ultimately you need to pay your stigrow. Whats the your business ultimately you need to pay your stigrow. Whats the nextbusiness ultimately you need to pay your stigrow. Whats the next step|ess to grow. Whats the next step for you . A direct a really good example. We supply sainsburys and waitrose nationally with cocoa powder and its fair. Fairtrade organic cocoa powder. Were doing the right thing by the people who produce it. Were also doing the right thing by the planet with it. But weve seen sales drop because people will pick, theyll think, okay, well i cant afford to this social cant afford to make this social decision make Purchase Decision when i make my purchase , im going to the one next , im going to buy the one next to it that isnt fair trade. As good it might not be as good quality, i still get to make quality, but i still get to make my chocolate and its a my chocolate cake and its a real issue and not people not having something to treat themselves with , with makes for themselves with, with makes for people being cheesed off. You know, upset most of the time. And it just doesnt do good for the general demeanour of the country , let alone whether you country, let alone whether you can actually, you know, how much money youve got in your wallet. What did you say earlier . How much more is the cocoa powder or whatever product its going to be cost because of this rate rise today . The markets well, bizarrely, the markets actually after a rate actually normally after a rate rise, the financial the rise, the financial markets, the pound slightly pound will strengthen slightly for a blip for a couple of days. Well, literally, on the announcement of the of the rate increase, the pound against the euro, the euro , the pound euro, the euro, the pound against the euro fell and so im just about to make a purchase of cocoa and were still cocoa powder and were still buying fair trade, organic. Were guns and were sticking to our guns and unfortunately, thats that rate cost. We looked this morning and then we looked again just after lunchtime. Lunchtime. Um, and its cost me about another £600. So so, you know, wheres that going to go . Its its, its, its going to be passed on. It cant not be. Its quite, quite a big jump isnt it. Councillor steve reed , youre a conservative councillor in North East Derbyshire. The decisions that derbyshire. The decisions that your local constituents are hard, theyre part of the reason why they might vote in a certain way, but, but in a personal sense, how is it for you at the moment living in killamarsh . Oh well with the family of four, its tough. I mean there are other decisions that affect the cost living, not the cost of living, not just the rate rise. Think energy costs rate rise. I think energy costs are one thing, and i know the government centrally working government centrally is working to them down. Think to bring them down. But i think weve remember the weve got to remember the governments first responsibility duty responsibility is to the duty and its people. And and welfare of its people. And there a lot of policies out there are a lot of policies out with, im not going to get too much on climate change, but all of things that were of these things that were starting low. What is it, starting to see low. What is it, ultra emission zones and ultra low emission zones and things that people things like that that people dont in our area dont want them in our area because we dont see the need. We have those capacities. We dont have those capacities. So interest so theres not just the Interest Rates, other costs rates, its all the other costs. And things are coming in. And these things are coming in for to take our family into. For us to take our family into. Sheffield brought Sheffield Sheffield has brought in at in an ultra low emission zone at the moment, thats a day the moment, but thats £60 a day commercial. But the way these commercial. But the way these things within 12 months things work is within 12 months thats going people. Thats going to affect people. So stuff, these so all of that stuff, these these things as it these other things as well, it really makes impact on the really makes an impact on the family its something family budget. Its something we talk about a lot, those ultra low emission zones. But the Big Conversation is, of course, about rates. It all about Interest Rates. But it all comes together, it . Comes together, doesnt it . Because much because its ultimately how much money isnt it . Money people have, isnt it . Well, thanks very much indeed for updating us. Once more from number 10. A bit further north there from downing street. Of course. Now lets update you on these four greenpeace protesters who scaled the Prime Ministers home in his North Yorkshire constituency. Then eventually arrested by North Yorkshire police. When they came down from police. When they came down from the roof at lunchtime , the roof at lunchtime, campaigners were seen at rishi sunak private home. I emphasise private home draped in a massive oil black piece of fabric over the roof. Mr sunak and his family are currently away on holiday in california, but its still raised a massive security concern over protesters access to his estate. Now greenpeace has tweeted, saying we knew he wasnt in. We knew how to climb up safely. We knew how not to cause damage. How the heck did they get so close to the property in the first place . Well , its property in the first place . Well, its certainly going to have to be an issue. I think that comes under review because regardless whetheryoure that comes under review because regardless whether youre the regardless of whether youre the leader of this country, the Prime Minister here is in residence or not. That is a sense of sight. But the very nature of the fact that it houses regularly him and members of his family. Houses regularly him and members of his family. So theyre on of his family. So theyre on this occasion were equal activists. But on another day it could be people with much more sinister and nefarious plans in mind. So clearly , there is some mind. So clearly, there is some concern, and it seems , as concern, and it seems, as i think a lot of people would be surprised to learn, that there doesnt seem to have been any kind of police or security presence near or around that property to stop people accessing it, including a former deputy chief constable of york , deputy chief constable of york, nonh deputy chief constable of york, North Yorkshire, peter walker, saying this is absolutely astonished. Major breach of security. They could have picked up your point left devices or booby traps a major failing and yet weve got the Current Assistant chief constable Elliot Foskett saying shortly after 8 am. This morning, we responded swiftly to reports of protest activity, gone to on say all now brought to a safe conclusion. But it may to a safe conclusion. But it may be there was some two hours before they actually got there. After when they climbed onto the roof. Well, this would trying still to get some clarification on greenpeace said initially that their activists went on to this roof at six in the morning. It roof at six in the morning. It would i keep saying it would be unbelievable will staggering if true. But if they have really been up there two hours before the police were alerted , that the police were alerted, that really would be very concerning indeed. And they spent six hours up there. Then well, they spent a significant amount of time before they eventually came down. And of course, all that would happen in a situation like that where youve got activists at height, the last thing the police would do is go up there and start wrestling and arresting health and safety. Yeah, i mean , you dont want to yeah, i mean, you dont want to end up either putting yourself at risk or indeed the activists. So they wait for them to come down. Yeah, just at last. Quick thought. Trespass is a civil tort. Its not actually a crime as such, but theyre saying they arrested on suspicion of causing criminal damage and public nuisance. So we await to see nuisance. So we await to see whether there will be charges as such. Yeah, there are always opfions yeah, there are always options available to the police in terms of what they can arrest someone for. And its no doubt that they will probably be charged with some kind of relative minor offence. At the end of the day , having achieved end of the day, having achieved what their goal was, which was to get up there and get all this pubuchy to get up there and get all this publicity because were talking about it, but were not talking about it, but were not talking about it, but were not talking about it because of their particular message an issue. Its a very worrying issue around whether our vips , our around whether our vips, our leaders should actually enjoy a greater level of security. Greater level of security. Mark, thank you very much indeed. Thank mark, thank you very much indeed. Thank you. Indeed. Thank you. Hundreds of spectators and competitors are flocking to glasgow as the worlds biggest ever cycling event is taking place. Place. But there could be some disruption during the championships. Parking enforcement officers on strike certain roads are closed, however , our man tony mcguire, however, our man tony mcguire, got there. I dont know if you managed to cycle there or whether you had to walk, tony. And no, i care about my calves too much. Mark two to make that 2. 3 miles cycle over from the east end of glasgow. But at last i am here in George Square and im surrounded by hundreds of fans here in the fan zone and quite a festival atmosphere over here among the stalls and the various places that are looking to promote various merchandise now and this is a huge event for glasgow and actually the cycling world. So last year and if you can imagine, there had been 13 events, smaller events spaced out over the year. And for the first time theyve been amalgamated for here in glasgow. So for example, last year the world road race championships , world road race championships, about 330 Million People tuned into that. So you can imagine into that. So you can imagine what the expectation is are really high for here in glasgow. And of course about 1. 1 Million People expect to attend events over the next few days. Now, i didnt speak to quite that many, but i did speak to a few people here in the fan zone to gauge their reaction of their time here so far over for here the velodrome tonight. And then the amateur time trial is in just up the road from us. Ten minutes up the road. So well be going up to see that as well. Yeah, one of the carriageways of the dundee, arbroath been of the dundee, arbroath has been shut theres shut off, so theres a few details people just not details for people just not always happy about, you details for people just not always happy about , you know . Always happy about, you know . No, not really, no. Just here to see the event. Take it all in, soak up the atmosphere. Yeah. Yeah, exactly. Yeah. Yeah, exactly. Yeah. Holiday and were were in holiday and were soaking the cyclists. Were soaking up the cyclists. Were going velodrome tonight going to the velodrome tonight to cycling and to see the track cycling and have you been looking forward to this quite a while now . This for quite a while now . Yeah yeah, you have, yeah. Yeah yeah, you have, havent you . I mean, big havent you . I mean, big cyclists at home . Not really. Only when we have to, but here to see our sister. To, but here to see our sister. Oh. Fab competing so , so oh. Fab competing so, so giving a shout out then who are we looking out for . Morgan newberry. Yeah. Shes yeah. Shes shes paracyclist c5. Shes paracyclist c5. Shes paracyclist c5. Shes paracyclist c5. She raced yesterday in the time trial. Shes racing in the final on saturday to get the bronze medal hopefully woohoo. And shes racing this afternoon as well. I saw the fear in your eyes thatis i saw the fear in your eyes that is you almost forgot her event, but you did great. You did great. Well, tony, competitors from 120 countries, but 34 scottish riders, i think include heading up to fort william for the Mountain Biking. I think youve got something there to actually help them, show them the direction to get to their i should give them a heads up because i never quite check my compass before this bit. Mark. But lets just say for arguments sake that its up in that direction an up to the north scotland head and yeah, north of scotland head and yeah, thatis north of scotland head and yeah, that is one of two events today, the other one being the track and the various track events down over the velodrome and this direction over towards the east end of the city. Im having a bit too much fun here, but this is a great way to end there. Is a great way to end out there. But course, events over but of course, 13 events over the next 11 days, including that all important road race and interestingly enough, cycle ball. I dont know if you have ever heard of cycle ball in the studio so a bunch of cyclists take to the pitch and try and knock a ball about. I wonder what these amazingly sculpted athletes who are taking to the road race over the next few days will make of that. But all indeed all good festival atmosphere here in glasgow and certainly a great day out for families and athletes alike. Families and athletes alike. And the weathers looking decent well , tony, the decent as well, tony, at the moment. Give your head a good moment. Give your head a good scrub. Yes, indeed. You know, i kind of kind of lucked out. Yeah i know. I know. Im glad that its somewhere where you could see. But yes, no, weathers holding out today. 11 days is a long time. So lets maybe play that time. So lets maybe play that one by ear, shall we . Okay, tony, thank you for updating us there in glasgow. And we might send you up to fort william as well. Who knows. But thanks for updating us there and thanks for updating us there and thank you for your company today. We are on bikes, but we we are on our bikes, but we are at 12 till are back tomorrow at 12 till three. Patrick next. Stay with us on patrick next. Stay with us on gb news. The temperatures rising, boxt solar proud sponsors of weather on. Gb news. Hello alex deakin on. Gb news. Hello alex deakin here with your latest weather update from the met office for gb news. Not quite as wild as yesterday, but a cool, cloudy day for most. A bit of sunshine here and there, but there are also a few showers around this low the wet and windy low brought the wet and windy weather clearing low brought the wet and windy weath but clearing low brought the wet and windy weath but it clearing low brought the wet and windy weath but it is clearing low brought the wet and windy weath but it is allowing learing away, but it is allowing the winds to come from the winds to come down from the north, bringing a cool and north, bringing a cool feel and quite a bit of cloud. Plenty of showers across the highlands and the Western Isles and a scattering of showers across England Wales could see 1 or england and wales could see 1 or 2 heavy ones, many places 2 heavy ones, but many places will for most of the day will be dry for most of the day and well see a little bit of sunshine here and there, some brightness poking through. A little blue sky could see little bit of blue sky could see temperatures in the south east into the 20s, maybe 23 or 24, but mostly, again , were high but mostly, again, were high teens, low 20s at best. And feeling cooler with that breeze continuing to bring outbreaks of rain across northern scotland, sprinkling of showers elsewhere could be 1 or 2 heavy ones over eastern parts through the evening and indeed continuing overnight but elsewhere, overnight. But elsewhere, most places will become dry. Well keep a bit of cloud around keep a fair bit of cloud around and temperatures will mostly hold to 11 to 14 celsius. Hold up to 11 to 14 celsius. Friday, again in dry and bright for the most part. But there will be some showers again, particularly over north east england. Initially and then moving south into parts of lincolnshire, east anglia and the south east. A sprinkling of heavy afternoon showers, but further west many places dry and a better chance of seeing some sunny particularly in a better chance of seeing some sun afternoon particularly in a better chance of seeing some sun afternoon forticularly in a better chance of seeing some sun afternoon for walesly in a better chance of seeing some sun afternoon for wales and the afternoon for wales and southwest again, southwest england. Again, temperatures or low temperatures high teens or low 20s goodbye. The temperatures 20s goodbye. The temperatures rising , boxt 20s goodbye. The temperatures rising, boxt solar proud sponsors of weather on. Gb news sponsors of weather on. Gb news the dewbs co. The dewbs co. We tackle the issues of the day with real robust debate. Both sides of the fence battling it out with me in the middle with my forthright opinions and views and often really interesting things happen because you start with a position and then by the end of the you find actually the debate you find actually i might not have about might not have thought about that we need in this country what we need in this country is two new political parties. Maybe think about you should maybe think about doing 2024 michelle doing a 2024 calendar Michelle Dewberry and im keeping you company 7 00 company right through until 7 00 thisgb news the peoples channel. Gb news the peoples channel. Gb news the peoples channel. Britains watching its 3 pm. Its Patrick Christys this is gb news so much to get through today. We obviously start with this , okay . Obviously start with this, okay . Greenpeace has scaled rishi sunak home. Its opened up a right can of worms. Our politician properties are off limits. Our weddings off limits. Our weddings off limits. What next . A funeral. Where will the security and should we class groups like this as eco terrorists . Were seeing now on your screens there this Group Scaling rishi sunak house and unfurling these big black banners and theyre saying no to just stop oil, no to new oil, i should say. And all of this going on. Look, it took the police ages to get there. It took the police ages to get them arrested. Is this making other people to go and people more likely to go and commit atrocities . Were going to be talking about it. All of this in other news, though. I am, of course, going to be talking of this david amess killer has been