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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 Sportsday July 7, 2024

it is hot out there. here is susan powell with a look at the weather picture. hello. the uk faces the prospect of extreme heat in the days ahead. the met office has issued a red level warning for monday and tuesday, where it is anticipated rising temperatures will have impact on infrastructure and just the way we can go about our day to day lives. portugal and spain have experienced crippling heat through the last week, and the heat is going to be migrating northwards into france on sunday and then for the uk, monday and tuesday offers the prospect of temperatures widely at least 10 celsius above average for the time of year. overnight, we will see some rain pushing out of northern ireland into scotland and northern england, but already it is warmer than it was at the same time on saturday. 3 4 degrees at the end of the night, saturday morning, if you like, across northern england, we are looking at the mid teens first thing sunday, the warmer air is beginning to push i ....

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BBCNEWS BBC News July 7, 2024

knows who is responsible for the shooting to remain tight lipped. an energy company boss warns that half of uk households could face fuel poverty this winter because of rocketing energy prices. uk intelligence agencies are accused of tipping off indian authorities about a british national, who claims he s been tortured while in prison in the last hour, owami davies, the student nurse from essex who went missing more than six weeks ago, has been found alive and well in hampshire. she was located after a member of the public came forward following a police appeal. she was reported missing by her family onjuly the 6th. the search for ms davies by essex police, and then by the metropolitan police, has attracted a large amount of criticism after it was revealed that met officers had made contact with her but allowed her to leave; and then that police had released cctv footage of a different woman. let s hearfrom nigel penney detective chief inspector at metropolitan poli ....

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BBCNEWS BBC News July 7, 2024

widespread and heavy for northern ireland, western scotland, a few getting in to the north west for england and wales but still dry where we need that rain. temperatures 8 111, a comfortable night ahead, and tomorrow, weather wise it s almost exactly a carbon copy repeat of what we ll have to day. we ll see further showers for scotland and northern ireland, maybe a few for the north west england and wales but the further south you go across the midlands, southern wales, east anglia and the south, it s another dry day with sunshine and temperatures not really changing much either, where the sunshine comes out it will continue to feel pretty warm. it means for the commonwealth games tomorrow, no problems for the athletics, almost perfect conditions with like winds and lots of dry weather. for the start of the week and something of a change for the north of scotland with thick cloud on the way here with thick cloud on the way here with the weather front moving in, we ll se ....

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BBCNEWS BBC News July 7, 2024

china has launched several ballistic missiles into waters around taiwan in response to a us senator s divisive visit to the island. and how disposable facemasks are blighting birdlife in 23 countries around the world. the bank of england has predicted that the uk is set to enter a recession this autumn lasting more than a year. the bank says inflation is likely to peak at 13% by december, and today it has announced the largest rise in interest rates for 27 years. the 0.5% hike means that interest rates now stand at 1.75%. the move is part of attempts to curb spiralling inflation, by making borrowing more expensive and discouraging spending. but it means mortgages and loans will be more expensive for millions of people, as andy verity reports. rarely has the bank of england given out an economic warning this unsettling. it s not only forecasting the worst inflation in a0 years, hitting 13% in the next few months, but a full blown recession starting this autumn. that means it e ....

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