tv BBC News at One BBC News November 3, 2022 1:00pm-1:31pm GMT
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the biggest single interest rate rise for more than 30 years. the bank of england hasjust raised its base rate to 3% — an increase of three quarters of a percentage point — meaning higher mortgage bills for many. if we do not act forcefully now, it will be worse later on. and as the forecast we are publishing today shows, it is a tough road ahead. the bank is also warning the uk could be on course for its longest recession since reliable records began a century ago. also this lunchtime... pakistan's former prime minister imran khan survives what his supporters say was an assassination attempt — he's been shot in the leg.
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could the emergency services have done more to save lives after the manchester arena bombing? a report is due out shortly. the migrant crisis in kent — the home secretary visits dover and manston to see for herself what's happening there. and why soaring energy bills mean many swimming pools and fitness centres could be forced to close this winter. i've been going, what, ten years or more. peter has been coming 16. and coming up on the bbc news channel... it's crunch time in the t20 world cup group stages as pakistan dig deep to claim a vital victory over south africa to avoid elimination.
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good afternoon. within the last hour, 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 in trait raise —— interest rate rise in the third of a century. it has been rising at its fastest rate for a0 years for global reasons but the bank of england is trying to prevent runaway inflation from becoming embedded in the domestic economy.— from becoming embedded in the domestic economy. these are big chances, domestic economy. these are big changes. they — domestic economy. these are big changes, they have _ domestic economy. these are big changes, they have a _ domestic economy. these are big changes, they have a real - domestic economy. these are big changes, they have a real impact| domestic economy. these are big i changes, they have a real impact on people's lives, so why are we doing it? and why are we doing it now when
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so many people are already struggling with higher energy and food prices and other bills? quite simply we are increasing the bank rate because inflation is too high. it is ourjob to bring it down. in it is ourjob to bring it down. in the past half—century, the interest rate has been much higher, but this year's rises mark the end of 13 years of what was supposed to be temporary emergency low rates, but they were kept there because under they were kept there because under the policy of austerity economic growth was so weak. inflation can be caused by higher costs like the price of oil but it can also be made worse by high demand. too much money spent by households and businesses chasing too few goods. the idea behind raising interest rates is to make it more expensive to borrow and to spend, and that should limit the amount of buying activity, reducing the upward pressure on prices. the risk is too far, too fast, you can
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make any recession even worse. thousands of families have already been hit hard. in north london, this man earns a good wage in the transport and logistics company but he's worked out that by next year his costs will have jumped by over £750 per month. fine his costs will have “umped by over £750 per month._ £750 per month. one week i was really bad. _ £750 per month. one week i was really bad, kind _ £750 per month. one week i was really bad, kind of— £750 per month. one week i was really bad, kind of down, - £750 per month. one week i was really bad, kind of down, my - £750 per month. one week i was| really bad, kind of down, my wife telling me don't worry, we will do it somehow. he telling me don't worry, we will do it somehow— telling me don't worry, we will do it somehow. ., ' ,':f~' ., ., it somehow. he was paying 1.38% on a fixed rate it somehow. he was paying 1.3896 on a fixed rate mortgage _ it somehow. he was paying 1.3896 on a fixed rate mortgage that _ it somehow. he was paying 1.3896 on a fixed rate mortgage thatjust - fixed rate mortgage thatjust expired, but the best rate he could move on to was a.61%, £371 extra per month. move on to was 4.6196, £371 extra per month. . . move on to was 4.6196, £371 extra per month. , , ., , . month. this is the reality. we were savin: month. this is the reality. we were saving money. _ month. this is the reality. we were saving money. we _ month. this is the reality. we were saving money, we didn't _ month. this is the reality. we were saving money, we didn't go - month. this is the reality. we were saving money, we didn't go for - month. this is the reality. we were saving money, we didn't go for a i saving money, we didn't go for a holiday the last two years. haircuts we do minimum, occasionally i start shaving to save £20. if i am again not doing stuff like holidays and stuff, still i probably need £200. that means you have to start
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touching your savings, which are not comfortable. touching your savings, which are not comfortable-— comfortable. after the mini budget, markets were _ comfortable. after the mini budget, markets were expecting _ comfortable. after the mini budget, markets were expecting the - comfortable. after the mini budget, markets were expecting the bank. comfortable. after the mini budget, markets were expecting the bank ofj markets were expecting the bank of england to raise rates to a peak of more than 6% next summer, but since the resignation of liz truss and kwasi kwarteng, it is expected to be a.7%. the bank of england has raised interest rates this quickly, just as it says we are already in a recession expected to last until 202a. if on top of that the government raises taxes or cut spending too soon or too severely, ordinary families will again have to pay notjust through higher bills but higher unemployment. andy verity, bbc news. well, as we've heard, today's interest rate rise will mean significantly higher mortgage payments for millions of homeowners at a time when many people are already struggling to make ends meet with surging inflation and energy bills. 0ur correspondent navtej johal reports from derby. 0mar is a veterinary
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surgeon based in derby. he came to the uk four years ago and had planned to buy a home and settle here long—term. but the recent political and economic turmoilfollowing now former prime minister liz truss's mini budget has made him think twice. when i lose trust in something, it's really difficult to gain it back. um... have you lost trust in the uk? i trust my colleagues, i trust my friends. i trust a lot of people in the uk. but it shook my trust in the system. with interest rates rising further today, which is likely to make mortgages even more expensive, 0mar says he's now considering whether he should even stay in the uk. let's say for the next year, if this continues to happen, ok, so my theoretical plans on paper i will start to move, consider other options, consider higher income. i cannot ask for salary raises every day. and you may move, you may leave the country? sure, sure.
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becky was hoping to buy her first house in derby with her partner. we were working it out, thinking, "yeah, we can do this, "we can do this." with the rates now, we're a lot more hesitant. you're just banging your head up against a brick wall, like, "where do i go from here? what's the answer? "what's the solution?" and right now, i genuinely don't know the answer to that question. jay runs a music venue in the city. he's a homeowner who's worried about his repayments jumping massively in a few months�* time. it's going to increase by about a%. at the moment, i'm looking at around about £150 a month increase on my monthly payment. the basic things that people need is a roof over their head, to be able to keep warm and to be able to eat. and it feels like all three elements there are being attacked by what's going on in the economy. but despite the recent rises in interest rates, people are still getting or renewing their mortgage here in derby and across the country. but perhaps even more elusive
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than a decent mortgage deal at the moment is some level of certainty about what comes next. take your 25—year mortgage... michelle has worked in the mortgage industry for more than 20 years. she says she's never seen anything like the current situation. there's a lot of rolls—royce workers around here, you know, a lot of nurses, teachers, you know, nhs workers. they're the ones that we deal with. and 2.a children families, you know, a lot of what you would consider to be safe, you know, above the breadline, whereas i don't think these people are any more. in these uncertain times, many are bracing themselves for what the next few months may hold. navteonhal, bbc news, derby. 0ur economics editor faisal islam joins us from the bank of england. this rate rise widely anticipated. the question is how much
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higher could rates go? it is exactly the question, and i think the bank of england is aware of the presentational problem of not just raising rates today by the highest amount we have seen in more than three decades, but doing so at the exact same time that they are saying we face a recession that could last two years. why are they doing those things at the same time? the answer ijust got doing those things at the same time? the answer i just got from doing those things at the same time? the answer ijust got from the bank of england governor andrew bailey was yes, he thinks that in order to hit inflation, which is still running at double digits, 11% it is heading towards, if they don't deal with that now it will get worse and rates would have to go even higher. having said that, having made that off message, they also wanted to give a slightly more optimistic message onjust how give a slightly more optimistic message on just how high rates give a slightly more optimistic message onjust how high rates might go. there were fears they could go
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up go. there were fears they could go up to 6%. the markets were assuming they would go up to 5.25% next year. they also want to send the message that rates won't go as high as that, although they will continue to go up. they could peak at around a.5% next year. but then there is the grim tale of how the economy will be in recession for at least a year—and—a—half, maybe two years, as they predict, with unemployment going up too and household incomes are squeezed as well. they are painting a pretty grim picture of what will have been five years of economic stagnation.— what will have been five years of economic stagnation. faisal islam, thank yon — and if you are a homeowner and want to get an idea of how much your mortgage could go up by, there's a handy calculator on our website at bbc.co.uk/news. the former prime minister of pakistan, imran khan, has been shot while leading a protest march in the east of the country, near lahore.
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he's said to be in a stable condition in hospital after being shot in the leg. imran khan was leading a march on the capital islamabad to demand snap elections. howard johnson reports. imran khan was giving a speech in north—eastern pakistan when a gunman opened fire. wounded, the 70—year—old politician was rushed to hospital. the former prime minister had been leading a motorised caravan across pakistan to urge the government to call a snap election. a man was detained at the scene. in april, he had a no—confidence vote over economic mismanagement and mishandling of the country's foreign policy. it's a far cry from the oxford graduate's carefree days as 0xford graduate's carefree days as pakistan's charismatic cricket captain. in 1992 he led the country
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to victory in the world cup. the fame that followed secured him a top table in london's social scene. in 1995 he married british heiress jemima goldsmith. after a nine—year relationship they separated, mr khan had turned his attention to politics in his country of birth, wading into pakistan's turbulent and corrupt political scene, pakistan's turbulent and corrupt politicalscene, he pakistan's turbulent and corrupt political scene, he offered a fresh faced alternative to military and dynastic rule. he shunned his international playboy image and turned to islam. the move gave him broad—based support, becoming prime minister in 2018. following his ousting this year, he was arrested under anti—terror charges over allegations he made threats against state officials, he denies the allegations. howard johnson, bbc news. the time is 1.12. our top story this lunchtime...
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the bank of england raises interest rates to 3% in the biggest hike for well over 30 years. lift it up. 0k, guys, well done. and coming up — the swimming pools and gyms that could be forced to close this winter as a result of soaring energy costs. coming up on the bbc news channel... another blow for england ahead of the world cup — ben chilwell is now a doubt after suffering a hamstring injury in chelsea's champions league win last night. could any of the victims of the manchester arena bombing have survived if the emergency services had responded more quickly? that is one of the key questions for the inquiry into the attack, which is publishing this afternoon its report into the response of the police, ambulance and fire services. 22 people died in the bombing five years ago at an ariana grande concert. 0ur north of england correspondent judith moritz reports. breaking news out of
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greater manchester. 22nd of may, 2017. late at night, a major incident is announced. there have been confirmed a number of fatalities following reports of an explosion at manchester arena. sirens screeched towards the scene... start making your way towards the city centre, please! ..but the police were in disarray. paramedics mostly stayed out of the blast area, and the fire service didn't respond at all for more than two hours. firefighters were held back at a station three miles away. we just waited and waited for instruction. this firefighter is speaking anonymously for fear of losing hisjob. so, as time and time went on, it was more embarrassing, and more and more frustrating, because you hear reports of people were dying. there were people getting ferried to hospitals all over the north west. and then there's the feeling
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of guilt — well, maybe if i did something. even so small, you know, you can hold your head up high. but to stand there and then do nothing all that time, it was embarrassing, shameful. the arena was full of young people who'd been at an ariana grande concert. moments after the performance ended, the bomb went off in the foyer area known as the city room. it was full of parents waiting to meet their children. andrea bradbury was there to collect her daughter. so there was just a massive blast and a whoosh, but then just felt like the backs of my legs were being strimmed with wire, and then ijust hit the deck and was knocked unconscious. andrea soon came round and immediately knew a bomb had exploded. she'd onlyjust retired as a counter—terrorism police officer in lancashire, so she phoned the incident in and then, despite being injured,
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she travelled to greater manchester police headquarters, but says no—one there would listen to her. i just wanted to shout at them, i am an inspector from the counter—terrorism branch with a vast experience in contingency planning and i was in the middle of it. what you're saying is, you were doing your best to tell them what was happening. trying. and what you're saying is nobody there really paid attention to what you were saying. no, no, they were all rabbits running in headlights. the manchester arena inquiry spent months examining every aspect of the emergency response to the attack and each one of the blue light services accepted some failings and said sorry to the bereaved and injured. 22 people, including teenagers and children, were murdered. the public inquiry heard that 20 of them suffered injuries which were unsurvivable. but experts couldn't agree over whether the youngest victim, eight—year—old saffie—rose roussos, might have lived, with different care. and they believed that 28—year—old
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john atkinson could have survived had he been given treatment more quickly. the family have, for completely understandable reasons, just feel completely let down by north west ambulance service. that's something that they're going to have to live with for the rest of their life, that there were medical people there and yetjohn wasn't treated appropriately and as quickly as he should have been. today's report is the second of three which are being published by the public inquiry. more than five years after the bombing, which claimed and affected so many lives, the process to understand what happened continues. judith moritz, bbc news, manchester. 0ur north of england correspondent danny savage is in manchester. tell us more about what we might expect from the report that published later on today. at 2:30pm
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this afternoon _ published later on today. at 2:30pm this afternoon is _ published later on today. at 2:30pm this afternoon is when _ published later on today. at 2:30pm this afternoon is when the _ published later on today. at 2:30pm this afternoon is when the report - published later on today. at 2:30pm this afternoon is when the report is l this afternoon is when the report is officially published, we will hear from the chairman of the inquiry, sirjohn saunders, who has written the report. he will talk for a short time and through the rest of the afternoon we will hear from families of the victims, also from the emergency services that are likely to be strongly criticised in the report when it comes out. when the legal representatives of the families made their final submissions to the chairman in the evidence a few months ago, they said things like, police abjectly failed to coordinate the emergency response, there was a command vacuum, there was no organised multi—agency working, greater manchester fire and rescue service didn't turn up, little or no paramedic care was available in the city, only three paramedic�*s ever went into the room where the bomb went into the room where the bomb went off when there were all those casualties in there. there is a long, long list of criticisms of the blue light emergency services and i think they say on reflection they
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would have done things much, much differently, with hindsight, but let's see what they say this afternoon, let's see how critical that report is. we will know more in just over an hour's time.— just over an hour's time. danny savaue, just over an hour's time. danny savage. thank _ just over an hour's time. danny savage, thank you. _ the home secretary suella braverman has been visiting dover, as the government grapples with the overcrowding crisis at the manston asylum site. the government is facing a possible legal challenge over its running of the immigration centre in kent, which has suffered from overcrowding, as the high number of small boat channel crossings has continued unabated. jon donnison is in dover for us this lunchtime. what has the home secretary been doing and what are her plans for the day? doing and what are her plans for the da ? ~ ., , , ., day? well, a pretty grim morning weather-wise _ day? well, a pretty grim morning weather-wise here _ day? well, a pretty grim morning weather-wise here in _ day? well, a pretty grim morning weather-wise here in dover, - day? well, a pretty grim morning i weather-wise here in dover, pretty weather—wise here in dover, pretty unlikely i think that anyone will cross in a small boat today, but suella braverman here to see first—hand what she has acknowledged herself, after 12 years of conservative government, is a broken asylum system. she is under pressure
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and she swept into dover this morning on her convoy, she wasn't speaking to reporters. she went first to the processing centre here on the quayside in dover, where we saw that petrol bomb attack over the weekend. she has also been speaking to the coastguard. then this afternoon she is heading up to manston. now, there, the overcrowding pressures have eased a little in the last few days with bus—loads of migrants leaving in coaches and being taken to hotels around the country, but you've got to remember that that processing centre, designed to hold around 1000 people, there were a000 at the weekend and designed only to hold people for very short periods of time. we've spoken to people who were there for more than three weeks. and she is, as you say, under pressure, because she faces a legal challenge potentially arguing whether those detentions in those conditions were illegal, and whether
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she ignored advice telling her such detentions were illegal, something she denies. jan detentions were illegal, something she denies. , ., detentions were illegal, something she denies. ., ,, detentions were illegal, something she denies. , ., ., ,, she denies. jon donnison, thank you, re ”ortin. with growing pressure on global energy supplies because of the war in ukraine, the uk increasingly relies on imports of liquefied natural gas — or lng. but that's coming at a cost to the environment, according to new research. it shows the production and transport of liquefied natural gas can mean up to ten times the carbon emissions of pipeline gas. matt mcgrath reports. pembrokeshire in wales is famous for its beautiful beaches, butjust around the corner from some of the finest sands in the uk is this. the area is also home to several oil and gas refineries, with the port of milford haven now one of the biggest lng terminals in europe. all across the continent, imports of liquefied natural gas are up around 65% since the invasion of ukraine at the start of this year. lng is basicallyjust natural gas, but in a liquid form.
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to make it, natural gas is cooled in giant fridges to —160 degrees celsius. as it liquefies, it shrinks and becomes 600 times smaller, making it easier to transport. but this convenience comes with a hidden cost for the planet. when the lng tankers come into port here at milford haven, the chilled liquefied gas is pumped ashore along this network of pipes here. it's then turned back into natural gas and sent across the country for everyone to use. but all that cooling and carrying of the gas is very energy—intensive and generates significant amounts of climate warming gases. according to a new analysis by norwegian research firm rystad energy, the making and shipping of liquefied natural gas can generate up to ten times more c02 compared to gas that comes in a pipeline. it's almost or greater than ten times higher than piped gas from norway. if we compare that to russian piped gas, we're looking at greater than double the emissions intensity
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of russian piped gas. so whichever way you look at it, it's far more significant, the emissions from lng to piped gas. when liquefied natural gas is burned to create electricity or to keep us warm in our homes, it emits the same amount of c02 as regular piped gas. but it's these hidden emissions in the manufacture and transport that really make the difference. by the end of 2023, up to 35 million extra tonnes of c02 could be created by the switch. that's the equivalent of adding 16 million cars to the uk's roads for two years. this lng boom is having positive impacts on the local economy here in pembrokeshire, and some 20 new terminals are also being brought into service across europe to cope with the influx of liquid gas. but there's a concern that this short—term energy fix will grow into longer—term dependence. and while europe and the uk are planning more renewables, these additional emissions in liquefied natural gas will put
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extra pressure on plans to cut carbon over the next eight years. matt mcgrath, bbc news, pembrokeshire. a un report says a third of the glaciers located in world heritage sites will vanish by 2050 because of climate change. researchers concluded that even if global temperature increases were kept below 1.5 degrees, glaciers at sites like kilimanjaro in tanzania, yosemite in the us, and the alps, would disappear in three decades. officials in ukraine say the zaporizhzhia nuclear power plant has been disconnected from the power grid. it said that russian shelling had damaged the remaining high voltage lines connecting it to the national system. in recent weeks russian attacks have targeted civilian infrastructure. ukraine has lost as much as a0% of its power supply.
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parliament's committee on standards has recommended that the conservative mp andrew bridgen be suspended from the commons for five days for breaching its code of conduct. officials say he displayed a "cavalier attitude" to the rules on lobbying, and made an "unacceptable attack" on the integrity of the the standards commissioner. mr bridgen has said he's extremely disappointed but will accept the suspension. almost half of uk workers have had their accents mocked, criticised or singled out in a social setting, a survey suggests. the social mobility charity the sutton trust said those accents from the north of england and the midlands are still viewed as less favourable than others. many people admitted anxiety over their future career prospects because of perceived prejudiced attitudes. let's return now to our top story,
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and in the last few moments —— in the last hour or so interest rates have gone up by three quarters of a percentage point, the biggest single increase for more than three decades. it pushes the base rate up to 3% and the bank of england is warning the uk could be on course for its longest recession for over a century. the governor has been explaining why he felt this latest interest rate rise was needed. people should not have to worry about inflation as they go about their daily business. that's why we've been raising interest rates and have done so again today. low and have done so again today. low and stable inflation is the bedrock of a stable economy, a predictable economy in which people can go about their lives and plan for their futures with confidence. an economy in which hard earned money keeps its value. if we do not act forcefully now, it will be worth later on. well, those economic warnings come as dozens of leisure centres,
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swimming pools and gyms could be forced to close this winter as a result of soaring energy costs. public sector leisure services are likely to be cut in a0 % of council areas over the next five months, according to the trade body, ukactive. and the cost of living crisis means many people can no longer afford membership of fitness centres, potentially affecting their physical and mental health. 0ur sports news correspondent laura scott reports. lift it up. 0k, guys, well done. a lunchtime aqua aerobics class that means much more than simply exercise for this group of swimmers. come on, guys. through the water. push it through. for peter, whose wife has dementia, it's some precious time to himself. janet says it's vital for herjoints, while maureen says it helps her mental health. this class clearly means a lot to you, doesn't it? well, i've been coming, what, ten years or more? yeah. peter's been coming 16. for us, it's physical. it's just being with everybody else,
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and sort of the mental side of it, . and your health issues. i had a back operation in november, |and this is what they told me to do. | but rye sports centre is shutting the pool for the winter because energy bills have jumped by £92,000 a year. and there was a wave of emotion as it sunk in that this week's class was the last for a while — perhaps forever. this was a vital lifeline for a lot of people to keep them fit, to keep them healthy, to keep them moving. and a lot of them are just going to not do anything. i mean, i know it's a money thing and i wish i could back it, but i couldn't. i can't even back myself. despite benefiting from the government's energy bill relief scheme, the rest of the industry is feeling the squeeze. a recent ukactive survey of public sector operators, shared exclusively with the bbc, revealed that leisure services are expected to be cut in a0% of the uk's council areas
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in the next five months, and in three quarters of council areas by the end of march 202a. i worry that this could create a major physical and mental health crisis in the country if we don't find solutions in the coming weeks to support these facilities through the winter. this is as challenging, if not a more challenging period than the pandemic was, for many of my members. but of course it's notjust the facilities that are facing challenging decisions this winter because of rising energy bills. it's the people who use them, and in many cases rely on them. so, one, two. nice, moving round, one, two. good, and again. at the switch up boxing gym in mansfield, parents are grappling with how to make savings in every area of their lives. when winter comes, - because of my disability, so i'll have to have the heating on a little bit more, _ and then it'sjust going to be - difficult to bring him here with how tight money and - everything's shooting up.
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if he need choose between food and sport, he will less eat. eat less. stark decisions are already being made as the affordability and accessibility of sport comes under increasing strain and authorities warn of a darker period ahead. laura scott, bbc news. time for a look at the weather. he is christopher blanchett. how is it looking? pretty wet for some others. it was very wet across parts of south—east england overnight and into the morning, south wales as well, and some parts of essex into kent and sussex, the london area, seeing around half to three quarters of their normal november rain fall in less than 2a hours. we do need the rain through parts of england, but that's not particularly helpful for
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