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BBCNEWS BBC News July 7, 2024

good morning. the governor of the bank of england has defended the decision to raise interest rates, saying there s a real risk of soaring prices becoming embedded . yesterday, the bank warned the uk will fall into recession as it raised interest rates by the largest amount in 27 years. the uk economy is forecast to shrink in the last three months of this year, as the bank predicts a recession that will last well into next year. the bank says that sharp increases in energy prices will push inflation to more than 13% a 42 year high and that the value of people s incomes is falling. one of the ways it can try to control inflation is to raise interest rates. this makes borrowing money more expensive which means we are less likely to spend bringing prices down. that s the bank s justification for raising interest rates from 1.25% to 1.75% the biggest rise since 1995. the governor of the bank of england, andrew bailey, told the today programme why raising interest rates ....

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BBCNEWS Breakfast July 7, 2024

experiences its biggest ever outbreak of avian flu. good morning from birmingham, where england are celebrating a double diving gold one for the team s teenage star at her first commonwealth games and another for the most experienced diver retaining his title. it s friday the 5th of august. our main story. a hosepipe ban will come into force in parts of southern england later today, as recent extreme temperatures and a lack of rainfall continue to put pressure on waterways and water supplies. southern water said the move, which affects the isle of wight and parts of hampshire, was a vital step . other bans will follow later in the month in kent, sussex and parts of wales. zoe conway has this report. i ve actually used the hosepipe more. frances and john are neighbours, friends, and very keen gardeners. from today, people living here near alresford in hampshire will be banned from using a hosepipe in their gardens. frances, do you think people will follow the rules? a ....

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FOXNEWS America Reports July 7, 2024

first major announcement since then, forgiving student loan debt for millions of americans up to $20,000 per borrower. and it s angering republicans and some democrats. hello, welcome, everyone. i m sandra smith. another busy news day. john: i m john roberts in washington. this is america reports. we ll have the president s remarks as they happen during the next hour. republicans say the move will cost taxpayers billions of dollars and worsen an already historic inflation crisis. democrats say, though, that the plan does not go nearly far enough. calling for thousands more in loan forgiveness. reaction already mixed. the government shouldn t pay for it. if you go to school, you pay for it yourself. if you can t, get a scholarship. i think we can live with it. why not give the students a break, that s our future. if you go to school, you should probably pay for it. sandra: a california congressman will react in just moments. john: peter doocy on the north l ....

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BBCNEWS BBC News July 7, 2024

as parts of europe face a drought, the first in a series of hosepipe bans is due to come into force across the south of england to try and tackle water shortages. the american conspiracy theorist alexjones has been ordered to pay more than $4 million in damages after losing a defamation case for falsely claiming the sandy hook shooting was a hoax. hello, and welcome if you re watching in the uk or around the world. in the uk, the governor of the bank of england has defended the decision to raise interest rates, saying there s a real risk of soaring prices becoming embedded . yesterday, the bank warned of a recession as it raised interest rates by the largest amount in 27 years. the uk economy is forecast to shrink in the last three months of this year, as the bank predicts a recession that will last well into next year. the bank says that sharp increases in energy prices will push inflation to more than 13% a 42 year high and that the value of people s incomes is ....

Bbc News , Around The World , Interest Rates , Bank Of England , Mortgage Increases , 1 25 , 1 75 , Liz Truss , Leadership Debate , Foreign Minister , Military Force , Rishi Sunak Clash , Hosepipe Bans , Southern England , Water Shortages , Defamation Case , Sandy Hook Shooting , The American , Conspiracy Theorist Alexjones , A Million , 4 Million , Energy Prices , Andrew Bailey , Interestingj Question , Vladimir Putin , Labour Force ,

BBCNEWS BBC News July 7, 2024

thought to have been killed. translation: i ran towards my family but everything was under| you can see their homes and possessions scattered under the debris and their loved ones disappear in this single moment. and the heroic coach who saved a swimmer after she fainted and sank to the bottom of the pool at the world aquatics championships in budapest. i just swam as fast as i could to grab her and pull up to the surface, and once i pull her up, so i wasjust, my goal was only to make her breathe. counting is under way in two key uk by elections for the conservative party in west yorkshire and devon. in wakefield, the conservatives are defending a majority ofjust over 3000. and in tiverton and honiton, the tories have a much larger majority of more than 24,000. counting in wakefield hasjust been completed. both are being seen as a stern test of the conservative government s popularity in the light of partygate and the cost of living crisis. let s talk to bbc newsnight s ....

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