today, following the firm s takeover by elon musk. prince william has announced the finalists for his global we are going to find a solution is to repair our planet. prince william has announced the finalists for his global environment awards, the earthshot prize . good morning and welcome to the bbc news channel. the government could delay or scrap major energy and transport projects as it tries to rein in public spending a spokesperson said we are reviewing every major project . the treasury is due to reveal its tax and spending plans under the new prime minister rishi sunak in the autumn statement on the 17th of november. the bbc understands that plans for a new nuclear power plant called sizewell c in suffolk are under review borisjohnson pledged £700 million for the project in september, with a call to go nuclear and go large . a high speed rail line promised by liz truss for the north of england could also be scaled back. the government is also expected to try t
that she would have survived. history is made in the gymnastics in liverpool, asjessica gadirova, wins britain s first ever women s individual all around medal, at a world championships. and join me live exactly 100 years after a team of british and egyptian archaeologists discovered at the entrance to the tomb of tutankhamun. plus, it is a frosty start to friday for a sum and for many it is going to be a dry and sunny day. details coming up. good morning. it s friday, the 11th of november. our main story. plans for a new nuclear power plant in sizewell in suffolk are under review, as the government looks to try and cut spending. a high speed rail line promised for the north of england could also be scaled back. a treasury spokesperson has insisted infrastructure projects remain a priority. here s our business editor, simonjack. major energy infrastructure and transport projects, including a new nuclear plant in suffolk, and a new rail line in the north of england, are under
welcome to the programme. the bank of england has warned the uk is facing its longest recession since records began, as it raised interest rates, by the biggest rise in 30 years. the 0.75 percentage point rise the eighth consecutive hike takes uk rates to from 2.25 per cent to 3 percent, meaning higher mortgage bills for many homeowners. the bank of england s move matches the us central bank s rate hike on wednesday, taking us rates to 3.75 to 4.0%. here s the bank of england governor. these are big changes. they have a real impact on people s lives. so, why are we doing it, and why are we doing it now when so many people are struggling with higher energy and food prices and other bills? we are increasing bank rate because inflation is too high. it is the bank s job to bring it down. a rise in interest rates can have an influence on things like credit card repayments and mortgages but also the interest paid on your savings. but the governor says this is the only way to r