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BBCNEWS BBC News July 7, 2024

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. it s 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 interest rate rise in a third of a century. the cost of living has been rising at its fastest rate for a0 years for global reasons but the bank of england is trying to prevent runaway inflation from becoming embedded in the domestic economy. these are big changes, they have a real impact on people s lives, so why are we doing it? and why are we doing it now when so many people are already struggling with higher energy and food prices and other bills? quite simply we are increasing the bank ra ....

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BBCNEWS The Context with Christian Fraser July 7, 2024

welcome to the programme. the bank of england has warned the uk is facing its longest recession since records began, as it raised interest rates, by the biggest rise in 30 years. the 0.75 percentage point rise the eighth consecutive hike takes uk rates to from 2.25 per cent to 3 percent, meaning higher mortgage bills for many homeowners. the bank of england s move matches the us central bank s rate hike on wednesday, taking us rates to 3.75 to 4.0%. here s the bank of england governor. these are big changes. they have a real impact on people s lives. so, why are we doing it, and why are we doing it now when so many people are struggling with higher energy and food prices and other bills? we are increasing bank rate because inflation is too high. it is the bank s job to bring it down. a rise in interest rates can have an influence on things like credit card repayments and mortgages but also the interest paid on your savings. but the governor says this is the only wa ....

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BBCNEWS Breakfast July 7, 2024

the queue to see the queen lying in state it s close to full capacity, with a waiting time of at least 2a hours. military rehearsals have been taking place in windsor ahead of the queen s funeral on monday. away from westminster, today s other headlines. ukraine says hundreds of graves have been found outside izyum, a city that was recently regained from russian forces. the premier league returned with fans and players paying their own respects to the queen. it s saturday, 17th september. you re watching bbc breakfast from westminster, where her majesty the queen has spent a third night lying in state. people hoping to pay their respects at westminster hall are being told not to travel tojoin the queue, as it s almost at capacity, with waiting times at least 2a hours long. last night king charles, the princess royal, prince andrew and prince edward held a silent vigil by their mother s coffin. in conversation with some of the people who have been arriving here, they h ....

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BBCNEWS The Papers July 7, 2024

president zelensky has appealled to european leaders for more weapons. addressing a new forum of a0 nations, he said his country had to defeat russia s invasion in order to protect freedom across europe. hello and welcome to our look ahead to what the the papers will be bringing us tomorrow. with me are the former trade minister, lord digbyjones, and rachel cunliffe, who s senior associate editor for the new statesman. the metro goes with the energy crisis and warns of a winter of disconnect after the national grid confirmed they had contingency plans for blackouts. the energy theme is followed in the i with electricty blackout warning this winter and the worst case scenarios with households facing three hour energy cuts. the guardian leads on suggestions from charities that rolling power cuts could put lives at risk. the theme is continued in the mail with the headlines blackout deal sparks a storm . the paper says households could be offered ten pounds a day no ....

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CNN New Day Weekend July 7, 2024

welcome to your new day . i m whitney wild. i m boris johnson. why officials are telling people to stop coming to the site. the white house is slamming the bussing of migrants to the democratic-led states as a cruel, political stunt. how they re planning to fight back even as gop governors vowed to continue sending migrants elsewhere. plus updated covid booster shots are rolling out across the country even as the world health organization says the end of the pandemic is in sight. we will be joined by a doctor with all you need to know heading into autumn. sad news for theater fans. broadway s longest-running show announcing the final curtain. it is a brisk autumn morning. saturday, september 17th. we are grateful to have you starting your weekend with us. welcome, whitney. thank you for having me, boris. plenty to get to this morning and no shortage of news. we begin with the battle over immigration and the migrants caught in the middle. florida gover ....

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