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Higher savings for some. In the last half an hour, weve had this reaction to the rate rise from the chancellor, jeremy hunt. Well, of course any rise in Interest Rates is a worry for families with mortgages, for businesses with loans. But underneath that decision is a forecast that says that this time next year, inflation will be 2. 8 and we will have avoided recession. What the Bank Of England governor is saying is that we have a plan that is bringing down Inflation Lay solidly, robustly and consistently. So the plan is working but what we have to do as a government is make sure we stick to t...

Action like this. Action like this. Yes, its very difficult for action like this. Yes, its very difficult for this action like this. Yes, its very difficult for this situation action like this. Yes, its very difficult for this situation is l action like this. Yes, its very i difficult for this situation is very special because the transmission of Monetary Policy is very slow. Mostly because they are fixed Interest Rate mortgages for example but also because people have a lot of excess savings from covid because they were transferred to people to go through the pandemic, also to calm down the e...

Team coming into the world cup. To come out of a group where nobody gave them hope, they lost 6 0 in the opening game to germany. What was so impressive about that was the togetherness they showed. I also like the fact that the girl that wore the hijab, for the growth of the game, i think for muslim women and young girls to see a female play in a major tournament, on such a big stage, i think that visibility is crucial moving forward. So here they are taking their place in the Knockout Stage where theyll play france. Thatll be the final last 16 match. It all starts on saturday with spain again...

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, wel...

Growing at a slower rate for the past two months, but inflation remains at nearly 8 , four times higher than the official target. Hannah miller has this report. For father of two peter, sorting out the Family Finances is proving hard. He and his wife bought their first home using the help to buy scheme. But when their mortgage comes up for renewal early next year, theyll have to find an extra £750 a month in repayments. Somehow were supposed to spend less and find £750 extra a month to pay for that. So, you know, for many families, its a terrifying situation. If you have young families like ...