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interest rates are expected to rise sharply today, as the bank of england attempts to tackle soaring prices. the bank is expected to increase its base rate by three quarters of a percentage point from 2.25% to 3%. that would be its eighth consecutive increase since december, pushing the rate to its highest level for m years. it would also mark the biggest single increase since 1989, and could have a big impact on the cost of living and people's finances. our correspondent navtej johal has this report. omar is a veterinary surgeon based in derby. he came to the uk four years ago and h...

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Understand what's happening tonight, since bp isn't doing it real time, chad myers joins us. chad, what do we know about what's going on right now? >> we know the oil you see coming out that picture right now is not coming out of the top of the new cap. that oil is coming out from a different valve, a different hole in the top of the cap. it's still the cap, but they have now shut off with the valve the main flow. now, that may seem irrelevant, but it's not irrelevant, because now with this new plume of oil, which looks like smoke, you can now turn the valve slowly enough to bring up the press...