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Transcripts For BBCNEWS Breakfast 20240704

Growing at a slower rate for the past two months, but inflation remains at nearly 8 , four times higher than the official target. Hannah miller has this report. For father of two peter, sorting out the Family Finances is proving hard. He and his wife bought their first home using the help to buy scheme. But when their mortgage comes up for renewal early next year, theyll have to find an extra £750 a month in repayments. Somehow were supposed to spend less and find £750 extra a month to pay for that. So, you know, for many families, its a terrifying situation. If you have young families like ourselves who have been swayed into the Housing Market by government, whose advertised help to buy as an affordable scheme, right, when things become unaffordable, you cant simply turn around and say, thats your problem. A rise of 0. 25 Percentage Points would take the Bank Of Englands base rate to 5. 25 , the highest since april 2008. For someone with an average Tracker Mortgage of £200,000, tha

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Transcripts For BBCNEWS BBC 20240704

On nutrition and opening up possible new commercial deals. Brady retired from playing earlier this year, while birmingham finished 17th in the championship and havent been in the Premier League since 2011. The saudi pro leagues remarkable Spending Spree on players is set to continue, according to one of its leading executives. Sadio mane is the latest in a long list of stars heading to saudi arabia, joining the likes of cristiano ronaldo, Karim Benzema and riyad mahrez, and sports Media Executive peter hutton, who is on the board of the countrys league, says its unlike anything he has seen before. It is remarkable. Ive worked in sport for a0 years now and ive never seen a project as big as this. Its ambitious as this. And may be as determined as this, to be a success and a thing that really attracted me to it is the fact that its notjust about headline players and the big Glamorous Transferfee and the big Glamorous Transferfee and wages, its also about the whole saudi football infrastr

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Transcripts For BBCNEWS Verified 20240704

The economy too much. To dicsuss this further im nowjoined by the Bank Of England 5 former head of international surveillance, katharine neiss. She is now the chief european economist for pgim fixed income. Good to have no surprise that Interest Rates are still rising. Do you think that this is it . ~ ,. ,. , is it . The banker very clear today that if inflation is it . The banker very clear today that if Inflation Remains is it . The banker very clear today that if Inflation Remains resilientl that if Inflation Remains resilient at higher levels, then they could see Interest Rates are going higher from here. That said, to me, the really big message coming out of the Bank Of England today was, even in the absence of further rises in Interest Rates, they really see these higher Interest Rates that we have seen more recently as he had to say for quite some time. Yes. Have seen more recently as he had to say for quite some time. Say for quite some time. Yes, and this is taming say for qui

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Transcripts For BBCNEWS BBC 20240704

Pain it also causes. The background to this is high inflation, we have a sequencing that Around The World, particularly sticky, or at least has been here in the uk. That is why the bank has been increasing Interest Rates to try and curb the spending and get that Inflation Rate down. Should they continue to do that today, on the one hand, we have an Inflation Rate in the uk that has been easing a little, and when you dig into some of the details, to look at Producer Price inflation, thatis look at Producer Price inflation, that is further down the supply chain, that is the price is that manufacturers and factories might be paying, suggestions are it could be coming down quite significantly now. On the other hand, headline inflation, 7. 9 , still four times the Bank Of Englands 2 target. When you strip out energy and food, which can be equally volatile core inflation, they are still not falling by enough, wage growth remains quite high as well, and then there are wage comparisons, and in

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Year-long restoration of 200-year-old care home near Peterborough nears completion

Year-long restoration of 200-year-old care home near Peterborough nears completion
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