we still, of course, work out the detail of the inquiry, but we are still. it is still sinking in, to be honest. charges of attempted rape and assault are dropped against manchester united footballer mason greenwood, after a key witnesses withdraws involvement. the oil giant shell reports record annual profits of £32 billion the highest in its 115 year history. and a watchdog urges landlords to act now after tens of thousands of homes were found to have serious damp and mould issues. good afternoon and welcome to bbc news. the bank of england has raised interest rates from 3.5 to 4% their highest level since 2008. the increase will leave millions of households facing higher mortgages at a time when many are already struggling with energy and food bills. the bank also says the uk will enter recession, but it won t be as severe as they predicted last year. the governor of the bank of england, andrew bailey, has been speaking with our economics editor, faisal islam. we th
good afternoon and welcome to bbc news. the bank of england has raised interest rates from 3.5 to li% their highest level since 2008. the increase will leave millions of households facing higher mortgages at a time when many people are already struggling with energy and food bills. it will also have an impact on repayment charges on bank loans and credit cards but it is better news for savers, who should get a higher return. the bank of england says the increase will help to curb rising prices. our economics correspondent andy verity reports. in leeds like every where else, the cost of keeping up a mortgage isjumping, because of interest rates. stu is used to saving after spending much of his life on a minimum wage. he got a better paying job as a librarian, but like many, his wages have stagnated. when his mortgage expired his payments went from £90 a month to £360. i thought the days of checking the bank balance were gone. but they re back with a vengeance now. it is
british gas admits there s no excuse for using debt agencies who broke into homes to fit prepayment meters. and, we speak to microsoft s bill gates about covid, vaccines and conspiracy theories. i guess people are looking for the bogeyman behind the curtain, the over simplistic explanation. and coming up on the bbc news channel. manchester united say they will conduct their own process before determining the future of their player, mason greenwood, after assault charges were dropped against him today. good evening. the bank of england has raised interest rates to the highest level for more than 1a years, with inevitable consequences for people with mortgages, credit card debt and other borrowing. the rise by 0.5 percentage point to 4% is yet another attempt to control inflation. the bank confirmed that the economy is set to enter recession this year, but it said the recession could be less pronounced than previously thought, as there are early signs that the economy is st
The funding to sustain four staffed fire stations. Everyone will suffer and the Fire Protection district is already losing trained personnel. Theyre quitting and seeks out more job security elsewhere. Its a mess. The fire chief is on his way out here to talk to us right now. Ill have a lot more on the options the Fire Protection district has moving forward coming up on our news tonight at 11 00. Reporting live, leslie brinkley, abc7 news. Thank you. An aggressive response from firefighters kept a fastmoving grass fire from growing out of control in santa rosa this afternoon. Kal fire planes, bulldozers swarmed the flames in sonoma county. It was under control in about an hour. No homes were threatened. Bay area air quality managers are asking homeowners not to set off their own fireworks. The soot and dust can cause asthma attacks and coughing. They say heat, dry grass and spark kbs a recipe for disaster. A better idea is to attend a professional fireworks show. We have a complete list
The clouds have not quite moved in yet. The winds on live doppler 7 about 28 martin omalleiles perr fairfield. Temperatures mid to upper 50s. Upper 50s at the coast. In the middle, the bay, low to mid 70s. Low 70s. Noon to 4 00 to 7 00. 80 to 77 for the inland neighborhoods. Warmer but nothing outrageous on this monday. A look at the Independence Day forecast coming up. News from natasha and reggie. For the fourth time in five years a fire station in east Contra Costa County closes because of lack of funding. The station is in knightsen. Its expected to increase response times for fire and medical calls for people in five cities. Beth bethel island. Brentwood. Oakley. The east contra costa Fire Protection district is out of money. It doesnt have the budget to sustain four fully staffed stations. Three stations remain open in oakley, brentwood and discovery bay. Its crazy how theyre going to shut down the Fire Department one week before the busiest time of the year for them. These fire