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BBCNEWS BBC News July 7, 2024

a year, with businesses also in line for help. it s expected to be funded by £100 billion of government borrowing. in germany, the government has already brought in subsidies for low income households along with other measures, costing about about 60 billion euros which is £51 billion. injanuary, the french government forced the state owned energy provider to cap wholesale price rises to 4% for a year and they also brought it other measures. that s all expected to cost 45 billion euros which is £38 billion. but of course today we ll find out more about the support there you go, darling. this lunch club in peterborough provides much needed help for people struggling with cost. it s not uncommon that i get to the last two weeks when i waiting for the 15th when i m going to get paid and i ve got barely anything. the basic necessities. i don t get paid until next week and i ve literally got £4 of electric left, so i ve got to scrabble around because i m on a prepaid met ....

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BBCNEWS BBC News at One July 7, 2024

successoi’ every success. our country continues to battle through a storm. but i believe in britain. i believe in the british people. and i know that brighter days lie ahead. meanwhile, the cost of living crisis continues as many food prices soar some, like pasta, tea and cooking oil, up by 65% in a year. in our area, there is a lot of people that rely on pensions, rely on benefits, and if they are not supported, businesses won t continue to thrive because there will be nobody to use us. and stay with us on bbc news for continuing coverage and analysis from our team of correspondents in the uk and around the world. good afternoon and welcome to the bbc news at one, live in downing street. i will unite the country, not with words, but with action and with that message, just over an hour ago, outside number ten, rishi sunak, the united kingdom s new prime minister began his premiership. he is the third leader in seven weeks, but today he promised he will fix mista ....

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BBCNEWS BBC World News July 7, 2024

major oil producers to cut production is described as short sighted after oil prices are pushed to a three week high. and a symbol of the economic crisis facing lebanon. the bbc speaks to a lebanese mp who held up a bank, to take out her own money. i apologise to all the people i frightened, but how does that compare to the despair, anger and grief i feel every day? hello and welcome. russia and china have been accused of shielding north korea from further un sanctions over its weapons programme. at a security council meeting, the us ambassador said they d given pyongyang blanket protection. shortly afterwards, north korea fired two new ballistic missiles into the sea. the un security council discussed north korea s test firing of another ballistic missile overjapan on tuesday. that missile travelled 4,500km before falling into the pacific ocean. well, here s what the us ambassador had to say. the dprk has enjoyed blanket protection from two members of this council. ....

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BBCNEWS The Context with Christian Fraser July 7, 2024

welcome to the programme. the bank of england has warned the uk is facing its longest recession since records began, as it raised interest rates, by the biggest rise in 30 years. the 0.75 percentage point rise the eighth consecutive hike takes uk rates to from 2.25 per cent to 3 percent, meaning higher mortgage bills for many homeowners. the bank of england s move matches the us central bank s rate hike on wednesday, taking us rates to 3.75 to 4.0%. here s the bank of england governor. these are big changes. they have a real impact on people s lives. so, why are we doing it, and why are we doing it now when so many people are struggling with higher energy and food prices and other bills? we are increasing bank rate because inflation is too high. it is the bank s job to bring it down. a rise in interest rates can have an influence on things like credit card repayments and mortgages but also the interest paid on your savings. but the governor says this is the only wa ....

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BBCNEWS BBC News July 7, 2024

rise in interest rates. russian officials say up to 98% of people in four occupied areas voted to join russia. ukraine has denounced the process as a sham. and it s liverpool vs glasgow in the battle to find out which city meanwhile, russia is accused of causing leaks in two major pipelines in europe. the kremlin says it is concerning. and it s liverpool vs glasgow in the battle to find out which city will host eurovision. hello, good afternoon. sir keir starmer has delivered his keynote speech to the labour party conference in liverpool, promising a fresh start for the country. the labour leader promised to set up a publicly owned green company within a year if elected with 100% clean power. he also promised a brighter economic future under a labour government. sir keir said that the conservatives had lost control of the uk economy and told delegates they should not forgive or forget that. he promised that a labour government would take action on the cost of living cri ....

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