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interest rates have gone up by three quarters of a percentage point, the biggest increase for more than 30 years. it pushes the base rate up to 3%, as the bank of england tries to control inflation. it's the eighth rise in a row, meaning higher mortgage bills for many homeowners. meanwhile the bank has also warned the uk could be on course for its longest recession since reliable records began, over a century ago. our economics correspondent, andy verity, reports. it is the biggest interest rate rise in a third of a century. the cost of living has been rising at its fastest rate for ...

hello, and a warm welcome to audiences in the uk and around the world. i'm azadeh moshiri. we begin here in the uk where the new year starts with renewed strikes. only 20% of train services are expected to run this week because of walk—outs by rmt and aslef union members. that means many areas won't be seeing any trains at all. this is the latest in a series of strikes across the rail network, which have caused major disruptions. and that's on top of ambulance drivers, nurses, driving examiners, highway workers and postal workers all going on strike in recent weeks. so, how does th...

suffer the most. also coming up: called to account. hundreds of uk post office managers were falsely accused of fraud because of faulty software. we look at role of the tech giant fujitsu in a massive miscarriage ofjustice. and the rugby league world cup kicks off today after a covid delay with the biggest sponsorship deal in the tournament's history. absolutely, 100%, iam not going anywhere. a defiant uk chancellor on whether he and the british prime minister will still be in theirjobs at this time next month. as you have been hearing, he has flown back early from iff meetings in wa...

we start with the latest market action and as the trading day began in asia the pound started to slide — down nearly 5% at one point against the us dollar — that's on top of the 3.6% dive on friday. investors are running for the exits as fears mount the new government's "shock and awe" tax plans for the uk economy are too big a gamble. on friday the chancellor, kwasi kwarteng, announced historic tax cuts, and the biggest increase in borrowing since 1972 to pay for them. there is now calls for the bank of england to take emergency action to calm rattled markets and bolster sterlin...

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