tackle the housing crisis. so, let's delve into some of those stories in a bit more detail. kate, kick us off with the ft. this is about a little hint that has come today that the flat—lining interest rates that we have seen for so long may gently start to creep. it looks like a big tent. chris giles in the ft said the bank of england has issued its strongest guidance in a decade that it may raise interest rates. this is considered to be both a hawkish move, but also a surprise move. a lot of people will be quickly scrambling to reassess what they think is going to happen after this occui’s. think is going to happen after this occurs. you have debate on both sides. obviously, raising these interest rates to some would be a good depth forward to get rid of the artificial deflation of interest rates that has been very much in crisis mode, you know, how you might react to a recession or financial crash, but maybe not now. but of course people will be talking about house prices and how this will affect consumers at home. really there will be two sites do this, i'm sure. yes, i'm just wondering whether or not this was in the bank of england flying a kite. they've done this before, i've lost count of

the numberof done this before, i've lost count of the number of times mark carney has suggested that this free money, that a lot of people feel they have been enjoying in the last ten years, is about to come to an end. we have heard the same from the european central bank and the federal reserve of the united states as well. we note in the story that a number of organisations have responded for a quickly. the pound has rallied, sterling rose 12% to $1.34, its highest level in 12 months, just because of this hawkish statement. other observers are saying, yes, maybe we need to raise rates. but in the end, when you look at this story, ijust think it's all about the bank of england probably flying this kite, not really intending to do this, it'sjust this kite, not really intending to do this, it's just about making people realise that sooner or later this has two went. are you as sceptical, or do you think on november we will hear some news —— has to end. it will come very slowly, maybe 0.5%, but nothing more

than that. it is actually mentioned in the article that this may have been put out as they feel to see how the market will respond. that's a good way to do it, the front page of the fcx mac growth rates are flat—lining, housing is bad, consumer demand is pretty depressing. you know all about that from the work you do each and every day. i speak to people who are waiting to buy again, but they think because of the combined indicators of brexit and other things, they wa nt of brexit and other things, they want to wait. i suspect the bank of england will not be raising rates for a while. henry, take us on to the i, we have been talking about the i, we have been talking about the opening day of the inquiry interbrand file, and the i is saying the anger of the families. sir martin moore—bick thought that by saying he understood and felt the pain of the survivors they would be satisfied, he's got another think coming. he needs to understand the optics of it. it's not enough to be a tall retired judge, an elderly partition, giving an indicator that

i will not be swayed one way or the other, i'm going to go after the facts. people already feel that this inquiry is running away from them. they already feel that he doesn't understand them, there is a disconnect between him, the panel, and the people. they feel there is a disconnect even between where he had it, a swish place in holburn, and where they think he should have had the opening day of the inquiry, somewhere closer to notting hill. they feel also that the terms of reference of the inquiry, how the incident happened... i mean, i have some sympathy for them. they feel that they have been ignored by the local castle. they feel there is a massive gap between rich and poor. and they feel that he doesn't quite understand them. and that is something that he had to understand three, very quickly, otherwise this inquiry will run away from them. there is no doubt that the victims of g re nfell there is no doubt that the victims of grenfell have been ignored, for yea rs of grenfell have been ignored, for years now, it seems, by local politicians and the local council and many people across the spectrum. the question is, how do we actually deal with this inquiry? emotions are

high around this, understandably. my concern is that this inquiry is going to become politicised very, very quickly. optics matters, certainly. but, you know, one of the criticisms today is that sir martin moore—bick was not taking more questions... he didn't take any questions... he didn't take any questions. but today isn't necessarily the moment that he should be taking questions. this is the very beginning, and there are many questions to come. in many ways, we have to step back, and in orderfor this to be ways, we have to step back, and in order for this to be truly impartial we have to try to separate the law so we have to try to separate the law so that people actually get there just is. my biggest concern is that it will get so politicised that nobody feels they will get justice. my concern, though, if you look at in choir rose from the past 40 or so years, from bloody sunday to hillsborough and so many in between -- if hillsborough and so many in between —— if you look at enquiries. it took so —— if you look at enquiries. it took so long to get to the truth. why was that? as usual, the system protected it so. it was usually a retired judge in charge, terms of reference that were too narrow, it was usually

an inquiry that took far too long. and in the end, it was an inquiry that didn't understand the true pain and the anguish of those who were most directly affected. and this could happen once again. we need to learn from hillsborough. we were being promised an initial report by easter. clearly there will be a lot of coverage between now and then. kate, let's move on to the telegraph. two stories here. their lead story is all about the royal navy, and they are saying, a much diminished royal navy. the accusation here is that defence cuts have put the service on its knees, it says, unable to send ships to see. and there is also further concern that, despite the defence budget being ring first, we could still see further cuts, specifically to the navy —— ring fenced. when we talk about the navy, a lot of people sitting at home, myself included, might think, isn't that out of date, why are we talking about the navy? that isn't how warfare is conducted any more. but when we are dealing

with such an issue close to home like hurricane irma, which affected british citizens living or travelling abroad, and the british navy was not able to help respond to their needs, you rememberjust how crucial elements of our defence system a re crucial elements of our defence system are in this way. i think two things have to be privatised. number one, defence spending, yes, but also how we deal with emergency relief and emergency aid, specifically to british citizens. that might be different to the budget of the navy, so different to the budget of the navy, so let's might take these both internal. i suspect there is a bit ofa wargoing internal. i suspect there is a bit of a war going on, we've internal. i suspect there is a bit ofa war going on, we've been talking about britain is about politicisation, i suspect that a source in the navy is using this as a way to get back at the government for this defence spending review that took place in 2010 and has sliced the navy's manpower levels by about 4000 to 30,000, and using what has happened down in the caribbean to say, well might look at how bad we are. we could even help british citizens in these overseas dependent territories. and i expect we will

see a few more weeks like this, because there is a serious battle going on between those people in the mod who think this government has cut too far and too quickly, and those people who think, we haven't got a magic monetary. do we still use that phrase?! it will absolutely, and it still doesn't exist! staying with the telegraph, from one ancient, established body, the navy, take us on to modern day. social media, and how it might be prejudicing trials in court. this has been inspired by the attorney general, jeremy wright qc. and he says that the law needs to catch up with the way in which people communicate, and courts must tackle social media risk to trials. it appears thatjurors social media risk to trials. it appears that jurors and sometimes people in courtrooms are tweeting privileged information out into the atmosphere, into the ether, where everybody can read it. in the old days, back in the 805, the contempt of court act was understood and

known by new5paper5, of court act was understood and known by newspapers, and they would try not to tran5gre55. but by and large, everybody is a publisher now, and they could ri5k prejudicing trial5, so people need to change —— the law needs to change. it is difficult with social media. so often, when technology passes our laws and traditions, it can be a good thing, it is a sign of innovation and a society that tends to be more prosperous. but the tickly when it comes to social media and issues of the law, we have been having some issues at —— but particularly. fundamentally, our desire for transparency is getting in the way every so often with very serious issues like throwing off an entire court case or allowing jurors having information that they are not supposed to have access to, it is a difficult balancing act. we're going to move on, because we have a few still to go. the times, kate, their story, berlin and paris threat to eu's free movement. this is some demand is coming out of france and germany. this is a real punch in the

gut to the european union today. france and germany are demanding the right is spent the union's passport free travel zone for up to four yea rs free travel zone for up to four years at a time. countries are loud and emergency brake to immigration and emergency brake to immigration and free transport for a very specific period of time and a very specific period of time and a very specific circumstances, usually a national crisis. now france and duminy are asking for significantly more time. it has to do with the 3 million migrants that have come into europe so quickly. obviously this argument was had to a large extent in the uk during the brexit referendum, and it still is. but a p pa re ntly referendum, and it still is. but apparently other countries are flagging up that they want more reasonable restrictions on migration in particular. very important to note that this has nothing to has nothing to do with the free movement of people generally, which i think overall has huge economic benefits and is grateful society as well. well said, well said! thank you. this seems reasonable, and the eu is going to have a hard time negotiating this. absolutely,

becau5e negotiating this. absolutely, because the eu want5 negotiating this. absolutely, because the eu wants more centralised power5. because the eu wants more ce ntrali5ed powers. the because the eu wants more centralised powers. the state of the european union speech earlier this week, if this was the mood music india and a half ago, we would have voted to remain here in this country. -- a year and a half ago. we will stay with the times, doctors wa nt we will stay with the times, doctors want cookery classes to prescribe people... i saw a headline like this, there is no way this can be the reality of the story. doctors must send a obese patients to cookery, they don't have too. at the moment, thousands of people are referred to courses lasting about 16 hours that teach them to cook healthy food and coach them in exercise. it seems that simon stevens, the head of nhs in win, wa nt stevens, the head of nhs in win, want to scale that number up to 2000 people. i think this story is a bit of eggs by the headline. we need to prevent, prevention is better than cure. sorry, kate, we will move on to the daily mirror. henry has decided that story is not so good!|j agree! decided that story is not so good!” agree! while we're on the subject of health, back to an issue of pay, and

the unions have been in the headlines a lot this week about public sector pay, and the mirror saying that nhs staff won 3.9%.m looks like the public sector pay gap is going to be lifted. i think there area is going to be lifted. i think there are a lot of good reasons on the left and the right to do so. from my perspective, lifting it doesn'tjust mean that members of the public sector should get a pay rise, but also that we need to make public sector pay more flexible. itjust reminds us of the problem is when you have national pay bargaining. when your employer is the government and you can't go to your local this oi’ and you can't go to your local this or that and discuss your sorry, we get into situations with headlines like this. we may see more strikes because of it, patients suffer. i'm all for giving pay rises when they are due to the public sector, but this is not how we need to go about it. we need to reform the system. maybe it needs to be reformed, but

the government needs to realise that there are very large numbers of people in the emergency services and nhs who have felt undervalued for far too long. the 1.7% given to police and prison officers was a token thing. it has backfired on them. they need to pay the rate for them. they need to pay the rate for the job, and them. they need to pay the rate for thejob, and nhs them. they need to pay the rate for the job, and nhs people need to be valued. henry, kate, thanks very much. we have had to whiz through the papers this evening. don't forget, you can see the front pages on the website. thanks, good night. hello. if you haven't yet reached for the heating switch, the next few nights will be a test of endurance. because it is staying quite cold. in fa ct, because it is staying quite cold. in fact, even getting colder overnight. it will be a chilly one to wants all of the showers have died away. this is how it looked as it went through the afternoon into the evening. some going overnight, in coastal parts and this line pushing out of scotland, working into parts of

northern england and wales. many other places will become dry, get some clear spells, and temperatures will double way. as ever, they are lower than this in more rural spots. —— will get away. the coldest spots in the countryside, they will clear into low single figures. where it is clear, it means a sunny start. that is not the case in the south—west through the midlands and wales. showers are there from the word go. just ahead of that into south—east england and is angry, we are pleased by thejoint. england and is angry, we are pleased by the joint. but all of this has to south. —— is so bright east anglia. for many of us into southern scotland, a fine morning. a few showers around in northern ireland, but they are fairly hit and miss. a fairly brisk and certainly quite cold north north—westerly wind will keep the feed of showers coming into the north—east of scotland, where there could be prolonged downpours at times. not so many showers for the central belt and southern scotland. in northern ireland, they are hitand scotland. in northern ireland, they are hit and miss and fade away into the evening. for england and wales,

this line that reaches into east anglia, south—east england. elsewhere, sunny spells and scattered showers, moving quickly on the breeze. a large part of the day could well be dry. we mightjust have a five—minute shower, if that. temperatures in the mid teens, a flow of air in the north, that's why it's chilly. friday evening, showers for a time. they will fade away. fryday turn out to be cold as saturday begins. saturday, still a flow of air around a high pressure. nothing changing any time soon. at the start of the weekend, pretty much as you are. it's sunshine and showers. but what will find, though, really by the end of saturday, saturday night, and these wind arrows, the wind beginning to ease a bit. it means and even colder night on saturday night. more of us at risk of seeing a touch of frost. sunday, a few for patches to start the day. light winds, less chilly, and fewer showers on sunday.

this is bbc news. i'm rachel schofield. the headlines at 11pm: the public inquiry into the grenfell tower fire opens as the man leading it promises to get the truth. it can and will provide answers to the pressing questions of how a disaster of this kind could occur in 21st—ce ntu ry disaster of this kind could occur in 21st—century london. the bank of england warns interest rates may go up in the coming months for the first time in a decade. at least four people are arrested after disorder breaks out at arsenal's europa league match against cologne. and, on newsnight, are we witnessing the collapse of bitcoin? china stamps its authority on all the digital currency‘s exchanges as a top banker calls it a fraud. and we report from the front line of the demilitirized zone between north and south korea.