Page 4 - Susannah Streeter News Today

interest rates have gone up by three quarters of a percentage point, the biggest increase for more than 30 years. it pushes the base rate up to 3%, as the bank of england tries to control inflation. its the eighth rise in a row, meaning higher mortgage bills for many homeowners. meanwhile the bank has also warned the uk could be on course for its longest recession since reliable records began, over a century ago. our economics correspondent, andy verity, reports. it is the biggest inte...

hello, and a warm welcome to audiences in the uk and around the world. im azadeh moshiri. we begin here in the uk where the new year starts with renewed strikes. only 20% of train services are expected to run this week because of walk—outs by rmt and aslef union members. that means many areas wont be seeing any trains at all. this is the latest in a series of strikes across the rail network, which have caused major disruptions. and thats on top of ambulance drivers, nurses, driving e...

suffer the most. also coming up: called to account. hundreds of uk post office managers were falsely accused of fraud because of faulty software. we look at role of the tech giant fujitsu in a massive miscarriage ofjustice. and the rugby league world cup kicks off today after a covid delay with the biggest sponsorship deal in the tournaments history. absolutely, 100%, iam not going anywhere. a defiant uk chancellor on whether he and the british prime minister will still be in theirjobs...

we start with the latest market action and as the trading day began in asia the pound started to slide — down nearly 5% at one point against the us dollar — thats on top of the 3.6% dive on friday. investors are running for the exits as fears mount the new governments "shock and awe" tax plans for the uk economy are too big a gamble. on friday the chancellor, kwasi kwarteng, announced historic tax cuts, and the biggest increase in borrowing since 1972 to pay for them. there is now ...

it puts her in line to be the countrys first female prime minister. iii countrys first female prime minister. ., countrys first female prime minister-— countrys first female prime minister. . ., ., minister. if we are called to govern this nation. — minister. if we are called to govern this nation, we _ minister. if we are called to govern this nation, we will— minister. if we are called to govern this nation, we will do _ minister. if we are called to govern this nation, we will...

from the british medical association and other unions later this morning, in a bid to avert future strike action. in the us, where a fresh batch of classified documents relating tojoe biden�*s time as vice—president have been discovered at an unsecured location. and tributes pour in forjeff beck, one of the most influential rock guitarists of all time, who has died at the age of 78. hello and welcome if youre watching in the uk or around the world. a russian mercenary group fightin...

will be announced this morning by the energy regulator ofgem. this is the maximum amount companies can charge households for their energy use. the first rise saw prices to nearly £2000 and it could go up to £3000. average bills will hit £4650. lets hear from some people who are already struggling the heat their homes. #it # it takes a worried man to sing a worried song. we dont have the option _ sing a worried song. we dont have the option to _ sing a worried song. we dont have the ...

prices are rising faster than they have done for a0 years in the uk. the bank of england says the recent increases in energy hills, which are set to be three times more than they were a year ago, will drive inflation — the rate at which prices rise — even higher, to 13%. uk inflation hit that a0—year high injune, reaching 9.a%. julys figures are released in a few hours and there is a real chance that headline uk inflation could hit double—figures. joining me now is liz martins,...

hello and welcome to audiences in the uk and around the world. we start on wall street where stock markets have suffered their worst first half of the year in more than five decades. as of the close on thursday, the s&p 500 index of top us firms has lost more than 20% between january and june, a sell—off on a scale not seen since 1970 when president nixon was in the white house. for the tech—dominated nasdaq, its been even worse — a near 30% fall for the first half is the worst i...

we start here in the uk — where later today, prime minister borisjohnson will promise new measures to rejuvenate the flagging economy. as part of a visit to the northern county of lancashire, he will pledge reforms to help with the soaring cost of everything, quote, "from food to energy to childcare to transport and housing". it comes as fuel prices hit a new record, rail workers threaten strike action over pay, and the oecd think tank warns the uk will be the worst performing econom...