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Transcripts For BBCNEWS Newsnight 20240705

towards the west, and some sunshine holding on towards the south east corner, but an increasingly muggy, humid feel by day and by night as we head into the start of the weekend. saturday could see temperatures up to 28 or 29 degrees down towards the south, but at some point on sunday, this cold front is set to sweep its way southwards and eastwards, and that will change things and bring heavy, thundery rain. to sum up for the weekend, saturday, a lot of dry weather around, the weekend, saturday, a lot of dry weatheraround, real the weekend, saturday, a lot of dry weather around, real warmth and humidity, and then things will start to turn cooler and fresher. thanks, ben. and that s bbc news at ten on wednesday the 21st ofjune. for 13th time since 2021, after figures showed may s inflation was no lower than april s. why does the uk have worse core inflation than every other g7 country? there are fears rising interest rates could mean a million mortgage holders could see dispos ....

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Transcripts for BBCNEWS Newsnight 20240604 21:37:00

Finally, what about the government s pledge to halve inflation this year? getting to below here? when the prime minister set that pledge at the start of the year it looked like it was going to be comfortable, as you can see from the office of budget responsibility s march forecast the yellow line. but look at the outturn the red line. will it hit the target? it s going to be tight. so, stubborn uk inflation is going to be painfulfor everyone, the government, the overall economy but most of all for uk households. the non partisan institute for fiscal studies said today high borrowing costs was unquestionably going to cause serious difficulty for many families . let s talk now to charlotte towne, from surrey, who lives with her husband and daughter. they are high earners. theirfixed rate mortgage is due to expire early next year. based on the current rates being offered, it will increase by over £1000 every month. madalyn bielfeld from borehamwood ....

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Transcripts for BBCNEWS Newsnight 20240604 21:44:00

Let s talk to the shadow treasury minister abena 0ppong asare. thank you for being here. nobody wants it but do we need a recession to sort inflation out? i wants it but do we need a recession to sort inflation out? to sort inflation out? i think firstl , to sort inflation out? i think firstly. i to sort inflation out? i think firstly, i want to sort inflation out? i think firstly, i want to to sort inflation out? i think firstly, i want to say - to sort inflation out? i think firstly, i want to say what i to sort inflation out? i think i firstly, i want to say what i ve heard from madalyn and charlotte is extremely concerning and i know a lot of individuals tonight will be going to sleep really worried about their mortgages and losing their properties. as they mentioned, there are a number of factors that have put us in this situation which is obviously liz truss s budget. although interest rates were rising before that. but although interest rates were rising before that. ., ....

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Transcripts for BBCNEWS Newsnight 20240604 21:43:00

Done. , , ,, .,~ feel there should be a lot more done. , , ,, ., done. sorry, rishi sunak has said on one of his missions done. sorry, rishi sunak has said on one of his missions is done. sorry, rishi sunak has said on one of his missions is to done. sorry, rishi sunak has said on one of his missions is to half - one of his missions is to half inflation by the end of the year, even he has no control over it and in speech tomorrow he will say he feels he has a deep moral responsibility to half it by the end of the year. responsibility to half it by the end of the year- responsibility to half it by the end of the year. they are ust words, i would like of the year. they are ust words, i would like to h of the year. they are ust words, i would like to see of the year. they are just words, i would like to see some of the year. they are just words, i would like to see some action. - of the year. they are just words, i would like to see some action. i i would like to see some ....

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