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Rates have gone up again, for the 14th time in a row. The Bank Of England has put up its main rate from 5 to 5. 25 . That will mean higher mortgages for some people, but its also good news for savers. The Bank Of England is using Interest Rate rises to fight inflation, which has slowed recently, but which is still nearly 8 . Our economics correspondent andy verity reports the father of two, peter, keeping up the payments for his familys mortgages looking like anything but childs play. They bought their home under the governments help to buy scheme, but since then Interest Rates have risen 1a times. When his fixed rate deal expires early next year, the payments willjump. Somehow we are supposed to spend less and find an extra £750 per month to pay for that. For many ....
From 5 to 5. 25 . And for the first time, its suggested that rates will stay higher for longer in an attempt to drive down stubborn inflation the rising cost of goods and services by reducing the amount of money we have to spend. Although todays increase means Borrowing Costs are at their highest level since 2008, it follows an era of unprecedented low rates. In previous decades, rates were much higher we can see here that in the 1980s rates got up to 18 before gradually falling. The bank today cut its forecast for economic growth, though it said the uk will avoid a recession. In a moment, well hearfrom savers, as well as families trying to cope with increasing costs, but first, heres our Chief Economics correspondent dharshini david. From cafe says customers may resist rate as higher mortgage and rent payments bite, to Est ....
Anna and ilya, are refugees. it s been 18 months since this. this is hard to credit, to believe in the europe of 2022, people are just crushing all around me, trying to get on to these trains. many thousands fled ukraine through lviv railway station. like 0ksana, her husband jenia, and their children. this photo taken just weeks before the war. the moment of their separation. men of fighting age couldn t leave the country. jenia went home to this. ....
The newly installed military regime says it will respond immediately to any aggression or attempted aggression against it by west african country. the warnin: it by west african country. the warning comes it by west african country. the warning comesjust before the warning comes just before the expiry of the agreement by ecowas to restore order. a us appeals court has allowed the biden administration to keep asylum limits at the southern border.the rule disqualifies migrants from asylum if they cross the border illegally without seeking protection before entering the us. in the early days of the war in ukraine, panicked people rushed to escape their country by train from the western city of lviv. since then, more than a quarter of ukraine s population has been forced to leave their homes. our special correspondent fergal keane has this story of one family who fled. 0n the line that once carried them to exile, a family is homeward bound. 0ksana 0nyschuk and her children, ....