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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 manufac...

Listening, it is fantastic to have your company. a big one for us today. is a rate rise good for you? lots of expectation the bank of england will increase its base rate to 5.25% from its current 5%. remember inflation fell by much more than expected injune. it was sticky. we got a drop below 8% for the first time in a good while. it's at 7.9%, its lowest level in over a year. but this is still nearly four times higher than the bank of england's target of 2%. it shows you how far of the bank of england are. the tuc says a rate hike today is the last thing we need — manufacturing figures last...

Responsibility for the fact that inflation in the uk is much higher than it is in comparable countries. in the us, it is 3%. in the eurozone it is 5.3%. and yet, here in britain, inflation remains stubbornly at 7.9% because of a decade or more of mismanagement by the conservative party. let's talk to our work and money reporter peter ruddick. what does this mean for people with mortgages? it what does this mean for people with mortua . es? . , what does this mean for people with mortua . es? ., , , what does this mean for people with mortauaes? , , . mortgages? it was widely expected but unfor...

Their mortgages increase. rachel reeves said that the government needs to force the banks and lenders to do more to mortgage—holders help including making the package of measures the government negotiated with banks mandatory not voluntary. well, the rate rise that we've seen today is just another hammer blow to families across the country who are seeing their mortgages increase when it comes to remortgaging. at the moment, a family that's looking to remortgage their property is going to be paying on average, more than £200 extra every single month. and for some people, it's much more than ...

Do you think they will go up a quarter of a percent on thursday or half a percent? the narrative has _ thursday or half a percent? iie: narrative has changed thursday or half a percent? tie: narrative has changed over the course of the past two weeks. we saw a notable decline in the headline inflation reading. but we are still so far away from the 2% target, currently 7.9%. so yes, perhaps we may only see a smaller 25 basis point hike rather than the previous expectations of seeing 50, but we are still so far away that i think whether we see it this time around or next time, i think we are goi...