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, it is a terrifying situation. You know, if you have young families like ourselves who have been swayed into the Housing Market by government, whos 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, that would mean a rise of more than £23 a month. And for around 800,000 homeowners due to renegotiate their fixed deal in the second half of this year, it could mean an even bigger increase in their monthly repayments. Whites, good afternoon. But at this estate agent in salisbury, they say there are still more people wanting houses than there are properties available. A supply and demand is
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
i like the governor, the lieutenant governor of south carolina. and henry mcmaster has turned out to be a great, great person. i put her over there, but much more important to me because henry mcmaster was great, always great. and people love him in south carolina, and i got him to be governor of south carolina. that was a very big thing to me, and i put her in that other position. that s donald trump trashing his former ambassador to the united nations and then offering a down right strange explanation for why he appointed her in the first place. you heard the former president talk about haley s poll numbers and new data showing his own are slipping a little bit. we ll dig into that in just a moment. plus we ll get expert legal analysis on the plea deal for hunter biden as we re learning more about the terms agreed to by the doj and the president s son. also ahead the latest on the search for the missing titanic tourist submursable after canadian aircraft detected unde
the highest it s been in 15 years. but last month, the bank s rate setting committee narrowly voted to keep it unchanged. and it s widely expected to do the same again today as evidence grows of the strain that high borrowing costs are putting on the economy and the housing market. here s our cost of living correspondent colletta smith. this is my monthly dining out, put that in as a reminder. ebony is doing all the right things. ebony is doing all the right thins. , ., , ., ., things. this month they have a savin: things. this month they have a saving goals things. this month they have a saving goals towards things. this month they have a saving goals towards my - things. this month they have a i saving goals towards my house buying savings. she saving goals towards my house buying savings- buying savings. she and her artner buying savings. she and her partner saving buying savings. she and her partner saving carefully - partner saving carefully putting cash into phys
the court at the time. cot. extraordinary stories coming from the channel islands which are suffering the worst of the storm. all areas of the uk seem to be suffering and some way and 68 flood warnings in place at the moment and hundred 67 flood warnings across the uk. 68 flood warnings. we will bring you plenty more. rishi sunak spoke to reporters in the last few minutes about the ai summit. , ., ., , , ., ~ ., summit. great to speak from bletchley summit. great to speak from bletchley park summit. great to speak from bletchley park which - summit. great to speak from bletchley park which is - summit. great to speak from | bletchley park which is where summit. great to speak from - bletchley park which is where the great scientist alan turing broke the enigma code.. today it is focusing on al safety. ai has the potential to transform all their lives and thanks to the actions we have taken this week the uk has the chance to be the forefront of that change. d0 chance to