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BBCNEWS BBC July 6, 2024

4.5%. risen by a quarter of a percent, that is from our economics editor, faisal islam, who has tweeted that. just getting that information in that, as expected, interest rates in the uk are now at 4.5%, up from 4.25%, a quarter rate rise. 0ur cost of living correspondent is watching these developments for us, kevin, news that will impact on so many people s lives for their mortgages and make life just that bit more difficult as they have seen those rate rises so many times, for the 13th time in a row? it many times, for the 13th time in a row? , ., . many times, for the 13th time in a row? ,., ,, many times, for the 13th time in a row? , ,,, row? it is not a surprise, but clearly the row? it is not a surprise, but clearly the impact row? it is not a surprise, but clearly the impact is - row? it is not a surprise, but clearly the impact is still - row? it is not a surprise, but| clearly the impact is still very real. it will make borrowing more expensive for many, m ....

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BBCNEWS BBC News June 4, 2024 11:20:00

Purchase. financial commitment of a house urchase. , , ., purchase. very interesting to get our purchase. very interesting to get your thoughts. purchase. very interesting to get your thoughts, thank purchase. very interesting to get your thoughts, thank you - purchase. very interesting to get your thoughts, thank you for i purchase. very interesting to get i your thoughts, thank you forjoining us. we can get the view of doctor nicola heflin, the chief economist at red flag alert. thank you for being with us. what is the reaction going to be to disk from businesses? is the first discussion of the effects on business. the main issue in the uk economy is the stagnation of growth. the bank has a split decision, it was a 7 to vote, i finely balanced decision, and ifind it is always very interesting when a major decision is come to to read some of the minority and dissenting voices from the monetary policy committee itself. there is very interesting work from one of them, who says that ....

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BBCNEWS BBC News June 4, 2024 11:21:00

0ne unprecedented terms of trade shock. one of the minorities, one of the people on the committee, my own view wouldn t have been to raise rates again. i m hoping we are done now for the reasons we have described, both for normal households and small to medium sized enterprises trying to medium sized enterprises trying to keep going in the current climate, interest rates rising, and it is 390 points from the base rate in the 12 rises. it is choking off the real economy, and all the costs are being passed on to households and small and medium sized enterprises. this policy is not doing what it says on the ten, which is trying to reduce inflation, and households and smes are facing a perfect storm of higher costs, and these unaffordable inflationary rises. ., ., ~ these unaffordable inflationary rises. ., ., ~ ., these unaffordable inflationary rises. ., ., ~ ....

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BBCNEWS BBC News June 4, 2024 11:10:00

Increases in the euro area, but for now those pressures and price are slightly different, and one of the reasons behind that is brexit. i can give you a couple of reasons as to why brexit has been a challenge to uk prices. 0ne why brexit has been a challenge to uk prices. one is a tight labour market, there have been some difficulties getting labour into this country to work in many sectors, and there have been some supply chain issues. these two issues combined, along with other external factors, issues combined, along with other externalfactors, have issues combined, along with other external factors, have increased prices a little more in the uk than they have in the euro area. lets seak they have in the euro area. lets speak with they have in the euro area. lets speak with jane they have in the euro area. lets speak with jane king they have in the euro area. lets speak with jane king in - they have in the euro area. lets speak withjane king in surrey, an speak with jane king ....

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BBCNEWS BBC News June 4, 2024 11:22:00

Rises. what would you like to see the bank rises. what would you like to see the itank of rises. what would you like to see the bank of england rises. what would you like to see the bank of england too, - rises. what would you like to see the bank of england too, as i rises. what would you like to see the bank of england too, as they| the bank of england too, as they have very few tools at their disposal? have very few tools at their disosal? ,., ., ., ,., disposal? their boxed into a policy envelo e, disposal? their boxed into a policy envelope. and disposal? their boxed into a policy envelope, and this disposal? their boxed into a policy envelope, and this is disposal? their boxed into a policy envelope, and this is the - envelope, and this is the frustration of the matter. the feeling is that the bank does not want to embed inflation, by not offsetting the public sector wage claims are the strikes, but what is interesting is that the people who are being affected by the ....

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