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BBCNEWS BBC News at One July 6, 2024

while fighting in ukraine. and the blanket bog in scotland that is aiming to become a world heritage site. and coming up on the bbc news channel: the countdown is on for this weekends s six nations. scotland have named their tieam to face egland. we ll bring you the latest. good afternoon and welcome to the news at one. the bank of england has raised interest rates from 3.5 to 4% meaning they remain at their highest level since 2008. the increase could add nearly £50 a month to the average mortgage payment at a time when many people are already struggling with crippling energy and food bills. it will also have an impact on repayment charges on bank loans and credit cards but it is better news for savers, who should get a higher return. the bank of england says the increase should help to control rising prices reflected in the high rate of inflation. 0ur economics correspondent andy verity reports. in leeds like every where else, the cost of keeping up a mortgage is ....

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BBCNEWS BBC News at Six July 6, 2024

an emotional appeal to the public from the family of nicola bulley to help find her. and a warning that mammals such as foxes and otters are contracting avian flu after eating dead birds. and coming up on the bbc news channel: the countdown is on to the six nations, as england s new coach steve borthwick goes for a more youthful side. good evening and welcome to the bbc news at six. the bank of england has rasied interest rates to 4%, their highest level for m years, as it continues its attempts to curb soaring inflation. the latest rise, the tenth in a row, will mean higher mortgage payments for homeowners with a typical tracker mortgage. but people with savings should benefit. the bank also said that the uk is set to enter recession this year though it could be shorter than was previously forecast. and it also predicted a significant fall in inflation by the end of this year. our economics editor, faisal islam, has all the details. sophie, rates have been raised consi ....

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BBCNEWS BBC News July 6, 2024

good afternoon and welcome to bbc news. the bank of england has raised interest rates from 3.5 to li% their highest level since 2008. the increase will leave millions of households facing higher mortgages at a time when many people are already struggling with energy and food bills. it will also have an impact on repayment charges on bank loans and credit cards but it is better news for savers, who should get a higher return. the bank of england says the increase will help to curb rising prices. our economics correspondent andy verity reports. in leeds like every where else, the cost of keeping up a mortgage isjumping, because of interest rates. stu is used to saving after spending much of his life on a minimum wage. he got a better paying job as a librarian, but like many, his wages have stagnated. when his mortgage expired his payments went from £90 a month to £360. i thought the days of checking the bank balance were gone. but they re back with a vengeance now. ....

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BBCNEWS BBC News at Ten July 6, 2024

british gas admits there s no excuse for using debt agencies who broke into homes to fit prepayment meters. and, we speak to microsoft s bill gates about covid, vaccines and conspiracy theories. i guess people are looking for the bogeyman behind the curtain, the over simplistic explanation. and coming up on the bbc news channel. manchester united say they will conduct their own process before determining the future of their player, mason greenwood, after assault charges were dropped against him today. good evening. the bank of england has raised interest rates to the highest level for more than 1a years, with inevitable consequences for people with mortgages, credit card debt and other borrowing. the rise by 0.5 percentage point to 4% is yet another attempt to control inflation. the bank confirmed that the economy is set to enter recession this year, but it said the recession could be less pronounced than previously thought, as there are early signs that the economy ....

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BBCNEWS Outside Source July 6, 2024

we start here in the uk, where the bank of england has raised interest rates to their highest level for m years. the increase will leave millions of households facing higher mortgage payments at a time when many people are already struggling with crippling energy and food bills. the bank has raised rates by half a percentage point, to 4%. the aim to make it more expensive to borrow and spend so businesses and households rein in, meaning less upward pressure on prices. uk inflation eased slightly in december but was still at 10.5%, close to the highest level in a0 years and more than five times the bank of england s target. the bank governor said inflation had turned the corner, but the battle against surging prices wasn t over yet. we have done a lot on rates already. the full effect of that is still to come through. but it is too soon to declare victory just yet. inflationary pressures are still there, and we can see that in the data and we hear it from our agents. and we ....

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