the governor of the bank of england gives a strong indication, that interest rates could soon rise, possibly as early as november. millions with mortages and loans would be affected, as the era of cheap money draws to a close. if the economy continues on the track that it's been on, and all indications are that it is, in the relatively near term, we can expect that interest rates would increase. it would be the first rate rise in ten years. also on the programme: we have a special report on the roll out of universal credit, amid warnings it could leave people in "dire circumstances". three former executives at tesco are on trial, accused of "cooking the books", and inflating the supermarket‘s profits. a welsh climber dies in a rock fall in yosemite national park. his wife is in a critical condition. birmingham gets the government's seal of approval to host the 2022 commonwealth games. and, radio 1, offering up youthful pop music, turns 50.

england's cricketing summer draws to a close with the final one—dayer aaginst the west indies in southampton. good evening and welcome to the bbc news at six. the governor of the bank of england has given a strong indication that interest rates could rise, possibly as early as november, affecting millions of people with mortgages and loans. but mark carney told the bbc that any increase would be "limited" and "gradual". the base rate was cut to the current record low of a 0.25%, after the eu referendum last year, but higher inflation,

has put pressure on the bank to step in and raise rates. our business editor simonjack reports. great for borrowers, miserable for savers. interest rates are at their lowest level since the bank of england was founded over 300 years ago. but today, the governor of the bank macro sent the strongest signal yet that that might be about to change. what we have said is that if the economy continues on the track that it has been on, and all indications are that it is, in the relatively near term we can expect that interest rates would increase somewhat. the last time rates went up somewhat. the last time rates went up was somewhat. the last time rates went up was more somewhat. the last time rates went up was more than ten years ago, in 2007. many younger borrowers have never experienced one, but if it happens, what impact will it have? the most obvious one will be on the

11 million homeowners who have variable rate or tracker mortgages. those borrowers have an average outstanding mortgage of £116,000. a quarter point rise would mean an increase of £15 in monthly mortgage payments. i'm not very happy about it because of my mortgage. i'm not ona it because of my mortgage. i'm not on a fixed mortgage. it would be great to get more interest on my savings. why, after a decade of downward moves, is now the right time to reverse direction? this is a time to reverse direction? this is a time when the economy is pretty strong, especially as unemployment is pretty low, so there is a good chance inflationary pressures are growing from that side. also, inflation is above target, so it is a good time to raise rates from the extremely low—level where they have been. consumer debt is also worrying the bank, having grown to over £200 billion over the last year, the highest level since the crisis. these superlow interest rates have made it cheaper for us to borrow and

spend, but that spending can push up inflation, which is already higher than the bank would like. so perhaps time foran than the bank would like. so perhaps time for an adjustment. there are also those in the bank who think it is not a good idea —— not a bad idea to have a bit of room between us and zero to give them more options in the future. celebrating 20 years of independence from government, the governor of the bank of england said there were limits to its power. the biggest determinants of the uk's medium term prosperity will be the country's new relationship with the eu and the series of reforms that relationship catalyses. most of the necessary adjustments are real in nature and therefore not in "monetary policymakers. in english, that means politicians are in the economic driving seat now. only two of nine rate setters voted for a rise last month, so it is not a done deal, but it is worth bracing

ourselves for the first increase in a decade. simon jack, ourselves for the first increase in a decade. simonjack, bbc news. it was designed to transform the benefits system, making it simpler, and encouraging people into work. but universal credit, which combines six benefits in one, has been strongly criticised today by a former senior civil servant. dame louise casey, the former head of the government's troubled families unit, has told the bbc that while she supported it in principle, the way universal credit was being implemented "made her hair stand on end". she says claimants could be left in "dire" circumstances, waiting weeks for benefits to be paid. 0ur social affairs correspondent michael buchanan reports now from great yarmouth, one of the pilot areas for the new scheme. there are still some tourists in great yarmouth, but as the summer season great yarmouth, but as the summer season closes, the cracks in the town's charm become more obvious. parts of the seaside resort are among the most deprived areas in england. the perfect place, therefore, to test the biggest welfare change in decades. the local job centre has been delivering universal credit for most 18 months. kelly, an unemployed carer, apply

for the benefit two weeks ago. her first payment is due in a month. as i speak to you, how much money do you have? nothing. i have four pence, and i'm using it to get a mealfrom the pence, and i'm using it to get a meal from the butchers. pence, and i'm using it to get a mealfrom the butchers. put pence, and i'm using it to get a meal from the butchers. put in a donation and they give you a meal. universal credit brings together six benefits into one monthly payment. claimants usually have to wait six weeks for the first payment. any benefits they already get our stop when the claim is launched. benefits they already get our stop when the claim is launchedlj benefits they already get our stop when the claim is launched. i have beenin when the claim is launched. i have been in debt with the rent for ever, since it started. gale edwards racked up hundreds of pounds of debt, rent arrears and utility bills, during the six weeks she was waiting for money. i hate being in debt and i don't like debt. it ruins your life, because you don't know... it spirals out of control so fast when you are in debt, and having to go to food banks, they were a godsend and they were brilliant, but it was only six months ago that i

was giving stuff to the food bank myself. great yarmouth is one of the first places to feel the full effect of universal credit. the fear is that some of the problems that have emerged, indebtedness, rentarrears, increased use of food banks, will appear in other places as well, as the benefit is rolled out across the country. for some landlords here, time has run out for their tenants. the rise in rent arrears they have seen since universal credit started is causing them to take drastic action. evictions have gone through the roof. i have served more repossession notices in the last 18 months than in the last 25 years. when i have a vacancy, i will be asking the person who calls me, how do you intend to pay the rent? u nfortu nately, if do you intend to pay the rent? unfortunately, if it is by universal credit, my answer will be no. ata credit, my answer will be no. at a small soup kitchen, great

yarmouth‘s homeless gather for some free food. although she has a place, kelly is here, making herfor pens stretch as far as possible. another grateful mouth is gary, who says he is homeless due to universal credit. as we head towards his tent, he says he has been turned down by 58 landlords. i meet them and say i am on universal credit and they say, we have not got any rooms. and if you tell them on the phone that you are on universal credit? they hang up, pretty much. gary's universal credit payment would cover any rent. this is where i live. the problem is the benefit has caused in great yarmouth means that for now, this is home. and michael buchanan is here. some depressing stories but there we re some depressing stories but there were high hopes for universal

credit. there still are, certainly in government circles. they continue to say that this is the right reform at the right time. across the political spectrum there is broad agreement that simplifying the benefit system, which is what universal credit does, is the right thing to do. the problem is that some of the difficulties that have emerged as it has been rolled out are becoming more apparent because more people are on it, and also because the roll—out is set to accelerate. for people who have worked, and people in work do go on to universal credit as well, because tax credits are part of it, they seem tax credits are part of it, they seem to be able to cope because of the income coming in during the six weeks it takes typically to get the first payment. the government are saying they have evidence that people on universal credit are more likely to go into work and to stay in work longer. the problem tends to become more apparent with the poorest, effectively, the people who are unemployed, the vast majority of whom have no savings. 0nce are unemployed, the vast majority of whom have no savings. once they

apply for universal credit, any benefits that are already on will stop, and then they have to wait six weeks for their first payment. there is an advanced payment available but many do not apply because they say they are not aware of it, which means six weeks with no income, and that's typically can lead to the problems we have seen in great yarmouth. thank you. three former executives at tesco have gone on trial, charged in connection with false accounting which overstated the supermarket‘s profits by £250 million. prosecutors allege they were involved in "cooking the books", in a scandal that wiped £2 billion off the company's share price. all three men deny the charges. from southwark crown court, emma simpson reports. chris bush in the open neck shirt. the former md of tesco uk. the court was told he was a dishonest executive who massaged the figures and misled the stock market. so too, it is alleged, did this man. the former uk finance director. along with this man, who used to be tesco's uk

commercial director. the prosecution said... the qc said they encourage the manipulation of profits, bullying and coercing those under their control to falsify figures. the case centres on tesco's accounts for the first half of 2014. challenging times. 0n on august the 29th, tesco announced a shock profits warning to the stock market. a statement which should have been true and fair. but on september 19, an internal report reveals the figures have been exaggerated. the court heard it was like a hand grenade been thrown into the company. on september 22, tesco tells the city that its profits forecast has been overstated by £250 million, wiping several billion pounds off the value of the company.

the court heard how employees felt under great pressure, with aggressive and unrealistic sales targets, and during that summer it is alleged the defendants knew the hole in the accounts was getting bigger. the gap between what was being recorded in income, and what was actually being earned, a problem spiralling out of control. some individuals felt so compromised by what they were being asked to do that they resigned rather than being involved. leaving court tonight, all three men denied the charges, in a case that is expected to last three months. emma simpson, bbc news, southwark crown court. ryanair says it has agreed to implement measures ordered by the airline regulator to ensure all passengers affected by flight cancellations are aware of their rights. the company has updated its website and emailed customers affected by its decision to ground hundreds of flights in the coming weeks. the civil aviation authority had threatened to take legal

action against ryanair. ukip has announced its new leader, will be the former army officer henry bolton. he beat the controversial anti—islam campaigner, anne marie waters, to the top job. mr bolton says his core task will be to hold the government to account on brexit. 0ur political correspondent alex forsyth is at the ukip annual conference in torquay. alex, he is the fourth leader in a year. is he the man to unite the party, do you think? well, for some this was an unexpected result. henry bolton was never the bookies favourite, but in the end he proved most popular with the members. nonetheless, this was a divisive contest. many saw it as a make or breakfor ukip, a battle contest. many saw it as a make or break for ukip, a battle for the soul of the party. 0n the one hand,

those who thought brexit should remain its priority. 0n the other hand, those who advocated a mauro can approach, like the runner—up, anne marie waters, who had campaigned against islam and sharia law. some had even threatened to resign if she won, saying her approach was too extreme. in his victory speech, henry bolton said that now was the time for unity, that now was the time for unity, that ukip's course had been set, that ukip's course had been set, that brexit should remain a core issue. but ukip has been riddled with infighting and wrestling with its direction for some time, so bringing the party back together, even after this result, will not be easy. many thanks. the time is 6.14pm. our top story this evening. the governor of the bank of england has hinted at an interest rate rise, affecting millions of consumers. and still to come. 50 not out for radio 1, celebrating half a century on air this weekend. coming up in sportsday in the next

15 minutes on bbc news, a blow for manchester city, their striker sergio aguero has broken a rib in a car crash and will miss the wekekend's match against chelsea. birmingham's bid to host the 2022 commonwealth games has officially been backed by the government. at a cost of at least £750 million, the city council is expected to fund 25% of the bill. the deadline for official bids is tomorrow, but there are no other cities currently in the race, so, barring a last—minute shock, one of the world's biggest sporting events will be heading to the midlands. our sports editor dan roan takes a look now, at how the city could benefit. from school sports day to an international showpiece, local children enjoying the facilities at birmingham's alexander stadium. but five years from now this could play host to some of the very best

athletes in the world. the city's bid to bring the commonwealth games here today receiving government backing. we have never hosted a multi sport eventually before. we have hosted world championships of individual sports, have hosted world championships of individualsports, badminton, gymnastics, athletics, you name it. this is our time to show the world we can bring everyone together, it's all part of the biggest story of the revival of the west midlands. stadium will undergo an upgrade of the bid is successful, the new aquatics centre will be built and famous landmarks transformed into sports venues. victoria square in the city centre will provide an historic backdrop to the basketball tournaments. bringing the basketball tournaments. bringing the commonwealth games to birmingham will cost an estimated three quarters of the billion pounds. is it all worth it? there's always been a boost to the local economy from hosting an event and you do see a strong legacy both in terms of

participation and use of the venues after the event. so i think this is after the event. so i think this is a real opportunity for birmingham and the west midlands and for the uk to showcase itself as hosting these major international events across the world. struggling with a bit rubbish collection dispute that continues to hang over the city birmingham will have to pay for one quarter of the cost of the games itself. these are challenging times financially but we have got the whole of the region behind the bid and the whole of the region contributing financially to ensure that we deliver the best ever commonwealth games. and for sutton coldfield's number one rhythmic gymnast in britain the training now has additional motivation. for every athlete in every sport to have a game that means so much to them personally, coming to their own city, their own home town and country, it will probably be the highlight of my career. the commercial success of the glasgow commonwealth games three years ago enhanced britain's status as a

leading host of global sports events. and with overseas rivals yet to submit bids birmingham now looks set to build on that reputation. dan rowan, bbc news. thousands of vulnerable people suffering from dementia and other mental health disorders, could be missing out on a council tax discount. some local authorities have been accused of failing to inform residents if they're eligible, with the consumer website, moneysavingexpert, saying there are large variations in the number of claims across the country. here's our health editor hugh pym. here you go mum, there's your soup. vivien has a rare form of alzheimer's. for her daughter cathrine and the rest of the family organising the right care was a daunting task. but they weren't told they could make big savings on vivien's council tax bill. they found out by chance and were eventually able to claim back thousands of pounds. you have to go out and ask. you are never offered the information. we've always had to fight for something to make life better and easier for mum. anyone with what's called a severe mental impairment and eligible for certain

benefits can claim a council tax discount, 100% if they live alone, or 25% if they live with one other person. but new research shows huge variations in people claiming the reduction. at spelthorne it's just ten residents, and in east ayrshire, only 11. whereas at east dunbartonshire it's a47 and ashford, 423, all areas with similar populations. basically it's a lack of communication. they don't know about the exemption or the reduction, and they give false information to families, which means it puts them off actually applying. yeah, that's when she was little, there. when pat was diagnosed with alzheimer's, her husband charlie didn't know he could claim a council tax discount. he only found out when they moved and their new local authority offered it. i stumbled upon it, if you like. there's plenty of other people who haven't got a clue that they are entitled to this discount.

you've got to apply for one thing from here, another thing from somewhere else, you know, it must be frustrating. and if you put obstacles in people's way they end up giving up, in the end. come on. the discount rules apply in scotland, wales and england. a whitehall spokesman said councils were expected to ensure those entitled to support did receive it. but vivien and cathrine and many others would argue they could do a lot better. hugh pym, bbc news. the cost of repairs to the clock tower which hosts big ben have doubled to an estimated £61 million. the parliamentary authorities originally estimated the cost at £29 million. the repair effort has already caused controversy when it was announced that big ben would only chime on special occasions over the next four years while the works were being carried out. at least 22 people have been killed and more than 30 injured in a stampede at a railway station in the indian city of mumbai. officials said it was caused

by overcrowding and people seeking shelterfrom monsoon rains during the morning rush hour. witnesses said crowds on a narrow pedestrian bridge were attempting to run for cover from the weather. a climber from wales has died at the yosemite national park in california. andrew foster became trapped along with his wife when rocks fell from the face of the rock formation known as el capitan. lucy foster is in a critical condition in hospital. 0ur correspondent james cook is there now. james. james. yes, clive, this is one of the most famous rock climbing spots in the world. it is also one of the most dangerous and again today we have heard the sound of cracks ricocheting across this landscape, a reminder of the terror which has struck twice here this week in the form of gigantic rock falls. it is a climber‘s worst nightmare. the thunder and dust of a giant rockfall, the second in as many days.

forcing visitors to flee any way they could. a day earlier, in the same spot, more than 1000 tonnes of granite had crashed from the face of el capitan monolith, killing a british climber. he was andrew foster, just 32 years old, originally from gloucestershire, and living in cardiff. his wife lucy was hurt and remains in hospital. the couple called themselves weekend warriors and had posted online, yosemite is an awesome place and for many climbers it's one of the many places to go before you die. the second rock slide caught other climbers including rachel evans whose husband was struck on the head. paramedics sped to the scene, flying one person to hospitalfor treatment. rachel and her sister ruth had a narrow, terrifying escape. it sounded like thunder. and she looked back and she said... i said there's smoke coming out of the mountain.

i said, the mountain is exploding. and i said it's falling, it's falling. we were driving as fast as we could. at the same time my husband reached up and he was like, oh my head, because he was bleeding profusely and hurting. el capitan draws people, lures them in, because it is untamed, because of the risks. so this tragedy will not stop climbers from gambling in the wilderness. james cook, bbc news, yosemite, in california. 50 yea rs 50 years ago a new bbc radio station and a new era of pop culture was born. the dj tony blackburn announced the exciting new sound of radio1and announced the exciting new sound of radio 1 and played flowers in the rain sentence case back — by the move as the first record. jingle: one.

bbc. radioi. we are celebrating 50 years. radio1. bright, young, and 50 years old! 50 yea rs. they give you an opportunity to reflect, they give you an opportunity to celebrate but they also give you an opportunity to more importantly look to the future. because that future is a bit of a worry. in an age of smartphones and streaming, can old—style radio stations remain essential listening, given that the radio is for many a bit of a mystery? can i give you this? it's a radio. yeah. you've got it upside down at the moment. could you find radio 1 on there? i'll try. what do i do here? you've never used a radio, have you? no. is this the one where you find signals? you've never held a radio, have you? no. this? no, it's this thing here. 0h. you're making me feel very old today. jingle: voice of radio 1! and good morning, everyone.

welcome to the exciting new sound of radio 1. but not quite as old as this well—known face, who will tomorrow recreate this, the first ever radio 1 show. i listen to some of the things i was doing on the breakfast show and i cringe. with some of the things i was doing on there, i think the knocking knees club or something like that. some of the stuff, i think, oh, it's awful. i've got lovely kneecaps, just listen to this. but for that era, it was ok. you know, it was all right. it's also a reminder of a time when 21 million were tuning in each week. the djs were as big as the artists, they really were. we'd go anywhere and we'd be absolutely mobbed, which was very nice. i enjoyed it. fix radio, we are made for the trade, and this is the full fix breakfast. however, it's not all doom. around 90% of us still listen to the radio each week.

new stations continue to open. this one just for builders. and i did find one radio savvy teenager. you've done it. in one. i'm a legend! do you ever listen to the radio? no. david sillito, bbc news. now i feel old, i am sure that helen doesn't. it's probably a day, it has been a day to stay in and listen to the radio, especially in the used, pretty dreary but we've now seen the sun coming out in bradford and the rain is slowly clearing, big storms in scotland closed in northern ireland, those storms are being close to glasgow recently, few and far between for the majority, a fine end to the evening, a few showers we re end to the evening, a few showers were best of the north and the west, and the sky is a chilly night at the touch of ground frost in an 0fcom morning. rural mist will clear quickly, it will be cooler for some time on saturday morning, we should

see some sunshine through the morning but the cloud will bubble up with the showers and then this looms large in the west later. it will go downhill, deteriorate in the afternoon in the south—west and wales where the rain will be more positive. the most part, bright sunny spells moving through ahmad breeze, it will feel fresher than today, despite the sunshine, we should keep some sunshine into the afternoon from parts of northern ireland and scotland, there was showers and game will be happy. after the next area of low pressure, it's a good autumnal gale for most of us, a fairly widespread one as well. that means we should see potentially gusts of 60 miles an hour, even more than that on monday and a dollop of rain because we've been talking about the remnants of storms, tropical air mixed in so it will be heavy rain with misty, murky conditions, between the weather systems they won't be much brightness until later when it will literally get blown out of the way

as the winds escalate further on sunday night and into monday. a buffeting in the rush hour across parts of scotland, northern ireland, east of the pennines. more rain coming into the south and west, could be tropical air as well, perhaps the remains of storm maria. a turbulent fisher days, warnings are in force although after that it does settle down for a bit. thank you. a quick reminder of our top story this evening. the governor of the bank of england has hinted at an interest rate rise that would affect millions of people with mortgages and loans. that's it. now on bbc one, let'sjoin our news teams where you are. have a very good evening. this is bbc news. our headlines: the governor of the bank of england has suggested that interest rates are set to rise for the first time in ten years, potentially as soon as november. henry bolton has been elected as the new leader of ukip at their conference in torquay, beating

anti—islam candidate anne marie waters to the top role. the government is urged to halt the roll—out of the universal credit system amid warnings that families could be left homeless. prosecutors have told a court in london that three tesco executives cooked the books and exaggerated the supermarket‘s profit in an accounting scandal which watched £2 billion off the supermarket‘s value. ina billion off the supermarket‘s value. in a moment, it will become for sportsday, but first, a look at what else is coming up. we are focusing on birmingham after the government confirms it is officially backing the city's bid to host the 2022 commonwealth games. how do you fancy getting from london to new york in 29 minutes? we will look at tech entrepreneur elon musk‘s and rocket propelled plans. we will also look back to 50 years ago, when a new bbc radio station and a new era of pop culture was born. that is all ahead

on bbc news. now, time for sportsday.