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Transcripts for BBCNEWS BBC News 20240604 09:10:00

Is also caused by the mini combat inflation stateside. how much is also caused by the mini budget - is also caused by the mini budget launched by liz truss and kwasi kwarteng? how long will it take to correct any impact on that? interest rates and mortgage correct any impact on that? interest rates and mortgage rates correct any impact on that? interest rates and mortgage rates are - correct any impact on that? interestl rates and mortgage rates are already on the rise since december of last year when the bank of england began its rate hiking path. those gains were exacerbated in the aftermath of the mini budget. concerns about high levels of borrowing that kwasi kwarteng s plan depended on sent mortgage rate soaring. we saw some two year and five year fixed rates jumping all the way to above 6%. that is a huge increase, particularly if you are on an interest only loan. we have seen the mortgage market calming down and that government borrowing market has settled a bit. pressures ....

Interest Rates , Bank Of England , Mortgage Rates , Combat Inflation , Mini Budget , Interestl Rates , Kwasi Kwarteng , Liz Truss , Rate Hiking Path , Mortgage Rate Soaring , Mortgage Market Calming , Government Borrowing Market ,

Transcripts for BBCNEWS BBC News 20240604 09:09:00

Rates means it is trying to take the heat out of the economy by making mortgages and loans more expensive, which gives households and businesses less money left over to spend on business expenses or household expenses. it is really treading a fine balancing act. the really difficult thing for the bank of england as a lot of the inflationary pressures it is trying to combat are actually driven by factors largely out of its control, things like the in ukraine which have sent food prices and gas prices sharply higher. it is a rather crude tool, interest rates which are used tool, interest rates which are used to deal with a very global problem which is being face notjust by our domestic economy but by other economies around the world. we heard from the federal reserve last night, the us central bank, that it is still raising rates aggressively to combat inflation stateside. hagar still raising rates aggressively to combat inflation stateside. how much is also caused combat inflation sta ....

Business Expenses , Household Expenses , Bank Of England , Fine Balancing Act , Interest Rates , Food Prices , Gas Prices , Central Bank , Combat Inflation , Federal Reserve ,

Transcripts for CNN State of the Union With Jake Tapper and Dana Bash 20240604 16:19:00

Be a comma and cut off my remarks. there were a lot of problems with the texas bill. i m focused on washington state and i m focused on delivering for the people of washington state. i made that clear in my ad that i am there to combat inflation, get the cost of living under control, lower gas prices, get our crime under control, get our small businesses back to workers back to work so we have a thriving economy here in washington state. i want to ask about another issue that voters call a priority, that is the state of american democracy. i want to play a little bit of what president biden said on thursday night. i want to be very clear. very clear up front. not every republican, not even a majority of republicans are maga republicans. maga republicans do not respect the constitution. they do not believe in the rule of law. donald trump and the maga republicans represent an extremism that threatens the very foundations of our republic. ....

Washington State , Combat Inflation , Gas Prices , American Democracy , Joe Biden , Donald Trump , Rule Of Law ,

Transcripts for CNN State of the Union With Jake Tapper and Dana Bash 20240604 13:19:00

For the people of washington state. i made that clear in my ad that i am there to combat inflation, get the cost of living under control, lower gas prices, get our crime under control, get our small businesses back to workers back to work so we have a thriving economy here in washington state. i want to ask about another issue that voters call a priority, that is the state of american democracy. i want to play a little bit of what president biden said on thursday night. i want to be very clear. very clear up front. not every republican, not even a majority of republicans are maga republicans. maga republicans do not respect the constitution. they do not believe in the rule of law. donald trump and the maga republicans represent an extremism that threatens the very foundations of our republic. when you think about the january 6th attack on the capitol, the threats against the fbi, attempts to overturn the ....

Washington State , Gas Prices , Combat Inflation , Joe Biden , American Democracy , Donald Trump , Rule Of Law , January 6th ,