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Transcripts For BBCNEWS BBC News at One 20240706

while fighting in ukraine. and the blanket bog in scotland that is aiming to become a world heritage site. and coming up on the bbc news channel: the countdown is on for this weekends s six nations. scotland have named their tieam to face egland. we ll bring you the latest. good afternoon and welcome to the news at one. the bank of england has raised interest rates from 3.5 to 4% meaning they remain at their highest level since 2008. the increase could add nearly £50 a month to the average mortgage payment at a time when many people are already struggling with crippling 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 should help to control rising prices reflected in the high rate of inflation. 0ur economics correspondent andy verity reports. in leeds like every where else, the cost of keeping up a mortgage is jumpi

Transcripts For BBCNEWS BBC News 20240706

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

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