let's bring in our chief political correspondent, nick eardley, at westminster. it is under pressure to respond but it is under pressure to respond but i don't think you're going to see new direct government intervention from this. there have been some cells from liberal from this. there have been some calls from liberal democrats and some conservative mps to look at ways the state could help people who are struggling with higher mortgage interest rates but i don't think it's going to happen. the treasury is adamant that it can't do anything that puts more money into the system, that can make inflation worse. the opposition labour party, as we were hearing a few minutes ago from rachel reeves have come to the same conclusion, that anything that would make inflation worse as a bad idea, so we're going to hearfrom the prime minister later today and his message is going to be, we need to stick the course on this, that we need to get inflation down and to do that, we need to stick to the plan and the truth is, if the prime minister doesn't say it that means the plan that involves quite a lot

of pain for mortgage holders and that pain is needed to bring inflation down. the one thing i think we do need to hear is pressure on banks to be more flexible. to talk about longer periods for mortgages to be able to pay off and interest only mortgages to give people more flexibility but when it comes to direct interventions like we have seen over coded with the job support scheme and energy price guarantee where the government stepped in to help people with energy bills i don't think this is going to happen here. that energy bills i don't think this is going to happen here.- energy bills i don't think this is going to happen here. that it is very difficult — going to happen here. that it is very difficult here _ going to happen here. that it is very difficult here because - going to happen here. that it is very difficult here because uk l going to happen here. that it is i very difficult here because uk and other equitable economies inflation is decreasing so how is rishi sunak�*s government responding to that? sunak's government responding to that? ., , sunak's government responding to that? . , , . sunak's government responding to

that? ._ m ,, sunak's government responding to that? m , that? really difficult because it is worth recapping _ that? really difficult because it is worth recapping that _ that? really difficult because it is worth recapping that rishi - that? really difficult because it is worth recapping that rishi sunak| worth recapping that rishi sunak became prime minister because he was seen by conservative mps has missed economic stability. he came in after some of the tumultuous times under liz truss to get things back under control and there are a lot of politicians in the conservative party really nervous about what's happening at the moment, nervous about the fact that this is going to make the cost of living squeeze for a lot of households even harder, nervous about the fact that inflation is coming down a lot slower than many had predicted, so the government will face criticism for that. the government will face criticism forthat. i'm the government will face criticism for that. i'm not sure that there's much it can do, actually, in terms of changing course because it set out what it thinks the best strategy is. it will face that criticism. some conservative mps that i've been chatting to a really angry at the bank of england thinking it was too late putting up interest rates and it acted too slowly and it is now overcompensating and you will hear that argument as well and this is a

really dangerous moment politically for rishi sunak because, as i say, he traded on being someone who could deliver when it comes to economics and if households are not feeling that in the cost of living squeeze is getting harder and inflationjust isn't coming down quick enough that isn't coming down quick enough that is really bad news for government that promised to halve inflation this year. that promised to halve inflation this ear. ., ., that promised to halve inflation this ear. ., ., �*, this year. you are saying there's not very the _ this year. you are saying there's not very the government - this year. you are saying there's not very the government can - this year. you are saying there's - not very the government can beyond staying the course, but can you take as to what labour are proposing, what the liberal democrats are proposing in terms of being able to help voters, individuals across the country with the cost of living? {lift country with the cost of living? of course, so the liberal democrats want to scream, £3 billion put aside to help people with climbing interest rates, so under that scheme if you were seeing a significant increase in your interest rate on your mortgage and that meant that your mortgage and that meant that your household income was being squeezed significantly, you would qualify under the scheme potentially for a £300 grant. i don't think that

is going to happen because i don't think the government and the labour party are signed up to it but the pressure is going to potentially grow so that may change. some conservative mp talking about a scheme which was in existence until the year 2000 which was a big scheme in the thatcher era when interest rates are going up which meant people basically didn't pay tax on their mortgage interest. the idea then was that you had at least some belief on that from the state but, again, i don't think there is an appetite for that. that has been put to treasury ministers. i've put it to treasury ministers. i've put it to treasury ministers. i've put it to treasury officials and they've all said that could make inflation worse. the labour party have come out with a five—point plan today which is designed to put pressure on the banks. they say that if they were in power right now they would instruct the banks, they would tell them that they needed to make life easier for borrowers by providing more flexibility when it comes to

interest only mortgages, providing more flexibility with the term of mortgages, promise people that their credit score wouldn't be impacted by any changes they make at the moment and, actually, when you chat to treasury officials not behind—the—scenes i think they are in a similar place as well. the chancellorjeremy hunt is going to be meeting with banks to say similar things to them and mean they have to provide that flexibility and you will notice the two main parties are advocating things to get the banks to do more and they are not about direct intervention. to to do more and they are not about direct intervention.— direct intervention. to think that line is really _ direct intervention. to think that line is really going _ direct intervention. to think that line is really going to _ direct intervention. to think that line is really going to resonate i line is really going to resonate with voters putting pressure on banks? ., , , ., with voters putting pressure on banks? .,, , ., ., with voters putting pressure on banks? , ., ., ., ., banks? hopefully not. you are going to see a lot — banks? hopefully not. you are going to see a lot of— banks? hopefully not. you are going to see a lot of pressure _ banks? hopefully not. you are going to see a lot of pressure to _ banks? hopefully not. you are going to see a lot of pressure to see - banks? hopefully not. you are going to see a lot of pressure to see why l to see a lot of pressure to see why the government got so bad and why inflation is going down quicker and whether the government could have done more and economic strategy is right and bank of england has got this wrong. there is no doubt that

the squeeze that households are about to feel it is going to have a significant political impact, probably a impact on the government but the argument you will hear from ministers as we are doing everything we can, we have a plan to get inflation down, it is taking longer than we hope but we need to stay with it. remember, a general election is probably over a year away. that is not certain but that is the expectation of most people in westminster so the government will hope that things start to study out of it, inflation does come down towards the end of this year. but i do think this is going to be a big political impact and is a very dangerous moment for the government and probably the biggest challenge they are going to face and the defining issue of the next general election so we need to see what happens with inflation over the next few months. {lilia happens with inflation over the next few months-—

happens with inflation over the next few months. . ~' , ., , . few months. 0k, thank you very much for caettin few months. 0k, thank you very much for getting that- _ few months. 0k, thank you very much for getting that. just _ few months. 0k, thank you very much for getting that. just a _ few months. 0k, thank you very much for getting that. just a remind - few months. ok, thank you very much for getting that. just a remind if- for getting that. just a remind if you're just for getting that. just a remind if you'rejust tuning in for getting that. just a remind if you're just tuning in the bank of england has announced a 0.5% rise in the cost of borrowing that takes the interest rate now to 5% rate not seen since 2008. as our political correspondent nick eardley mentioned rachel reeves the shadow counsel mentioned what she had the same reaction to the rate rise.— reaction to the rate rise. today is an incredibly _ reaction to the rate rise. today is an incredibly worrying _ reaction to the rate rise. today is an incredibly worrying time - reaction to the rate rise. today is an incredibly worrying time for i an incredibly worrying time for families across the country concerned about what happens when they come a fixed term mortgage deals and already they are facing mortgage payments of more than £3000 more coming on offer peeping even more coming on offer peeping even more pain on ordinary working families which is why labour have set out a five—point plan to help people with their mortgages. if i was chancellor today i would be

instructing banks to support customers by enabling them to move on to extend the term of their mortgage and to halt proceedings for six monthsjust some practical things that could be done right now to help people who through no fault of their own are facing huge increase in mortgage costs. sounds like ou increase in mortgage costs. sounds like you disagree _ increase in mortgage costs. sounds like you disagree with _ increase in mortgage costs. sounds like you disagree with some - like you disagree with some opposition parties calling to help people pay their mortgages. why do you think that is a bad idea? first of all ou you think that is a bad idea? first of all you need _ you think that is a bad idea? first of all you need a _ you think that is a bad idea? f "st of all you need a targeted scheme and there are people particularly impacted and really struggling right now the mo fault of their own with higher mortgage payments and also we do have a huge inflation problem in the uk and a lot of untargeted physical support from the government is not the right response when we need to tackle inflation but the targeted approach i have set out today with our five—point plan for dealing with the tory mortgage

penalty is about getting practical support right now to those who need it most. the support right now to those who need it most. ,, ., ., ., . ., it most. the shadow chancellor rachel reeves. _ it most. the shadow chancellor rachel reeves. it _ it most. the shadow chancellor rachel reeves. it can _ it most. the shadow chancellor rachel reeves. it can speak - it most. the shadow chancellorl rachel reeves. it can speak now it most. the shadow chancellor - rachel reeves. it can speak now to rachel reeves. it can speak now to rachel cox senior mortgage broker and director of self employed mortgage home, an independent broker sourcing mortgages for business owners and entrepreneurs. good to have you speaking to us from milton keynes something we haven't spoken about very much yet in the programme. how this interest rate rise will affect business owners and entrepreneurs. what are you hearing from your clientele?— from your clientele? generally, they face the same _ from your clientele? generally, they face the same issues _ from your clientele? generally, they face the same issues as _ from your clientele? generally, they face the same issues as employed . face the same issues as employed people. self—employed people, directors for example need to align their company accounts and they can get the same rates as anyone employed in the same products are available to them but, you know, they are going to be facing exactly they are going to be facing exactly the same difficulties, particularly anyone coming up to the mortgage. they are looking obviously at a

massive jump they are looking obviously at a massivejump in they are looking obviously at a massive jump in their mortgage costs. potentially three times more than they are paying currently. it is obviously a huge worry for business owners and sole trainers and company directors to be ale to play their mortgage. mas and company directors to be ale to play their mortgage.— and company directors to be ale to play their mortgage. was you hearing from the peeple _ play their mortgage. was you hearing from the people you're _ play their mortgage. was you hearing from the people you're speaking - from the people you're speaking with? as some people really were read businesses are going to have to close because they simply can't keep up close because they simply can't keep up with these costs? i close because they simply can't keep up with these costs?— up with these costs? i mean, i haven't heard _ up with these costs? i mean, i haven't heard that _ up with these costs? i mean, i haven't heard that so - up with these costs? i mean, i haven't heard that so much - up with these costs? i mean, i | haven't heard that so much but up with these costs? i mean, i i haven't heard that so much but it will clearly have a bearing. it is all going to come down to the rates they are paying in fixed two or three years ago in late 2021 fixed below 2% and they could become not to remortgage and looking at 6% of even more potentially. it will be interesting to see whether these will push mortgage rates up even

further. hopefully they have already been factored in as previous interviewees mentioned. hopefully they won't actually increase that much because they have jumped quite considerably over the last two or three weeks. considerably over the last two or three weeke— three weeks. what kinds of businesses _ three weeks. what kinds of businesses with _ three weeks. what kinds of businesses with speaking i three weeks. what kinds of - businesses with speaking about? the sort of businesses with speaking about? tie: sort of business businesses with speaking about? tue: sort of business we businesses with speaking about? tte: sort of business we deal businesses with speaking about? t'te: sort of business we deal with businesses with speaking about? tte: sort of business we deal with are typicallyjoint sort of business we deal with are typically joint applicants from 50% shareholders in the business, limited companies, contractors, it contractors, being affected. they are going to be affected by consumer spending and inevitably that is going to affect their business and not counter their profits and borrow less and it is a spiralling effect from the increase in mortgage costs. what advice you offering to your customers and those who might be watching and concerns? tt

customers and those who might be watching and concerns?— watching and concerns? if you are still worried _ watching and concerns? if you are still worried about _ watching and concerns? if you are still worried about how— watching and concerns? if you are still worried about how you're - watching and concerns? if you are i still worried about how you're going to pay your mortgage you come to remortgage and speak to an advisable properly before you do that speak to your existing lender and see what help and assistance they can provide. you may be able to extend the term and going to interest only part v payment and part interest only and then, you know, speak to them, be upfront. even if you are not so whether you will be also played the mortgage are notjust want to find out and let them know it is a concern to you. have a conversation with your lender and see what they say. and, you know, generally the chancellor speaking to the lenders tomorrow i would imagine there is going to be some announcement after that meeting about support for people who are worried about paying their mortgages. worried about paying their mortgagee— worried about paying their mortmaes. ., , mortgages. one third of people in the uk have _ mortgages. one third of people in the uk have hold _ mortgages. one third of people in the uk have hold mortgages - mortgages. one third of people in the uk have hold mortgages so i mortgages. one third of people in i the uk have hold mortgages so this will impact many people. and you said go and talk to your mortgage

lender when you are concerned. how close to the early crisis point should people get before they speak out? should many people be reaching out? should many people be reaching out to their mortgage lender? at what point do you think that content needs to be made? t what point do you think that content needs to be made?— needs to be made? i think if you've not an needs to be made? i think if you've got any concern _ needs to be made? i think if you've got any concern at _ needs to be made? i think if you've got any concern at all _ needs to be made? i think if you've got any concern at all and - needs to be made? i think if you've got any concern at all and you - needs to be made? i think if you've got any concern at all and you are l got any concern at all and you are not sure even if you're not sure and might be a cake, speak to your lender and particularly we don't even know where interest rates are going beyond today and they could go higher still, going beyond today and they could go higherstill, if going beyond today and they could go higher still, if it is at all any concern speak to your lender. just let them know. at least they will be able to let you know what potential help they can provide you. may be a payment holiday, may be interest only, may be extending the term but, you know, don't bury your head in the sand. that is the main thing. 0k, the sand. that is the main thing. ok, so they do have tools available to them in order to help. i wonder because this is a question i posed to jean because this is a question i posed tojean king a few minutes ago in

your career experience is this something you've gone through before with customers in terms of getting this kind of advice? tia. with customers in terms of getting this kind of advice?— this kind of advice? no, this is the first and obviously _ this kind of advice? no, this is the first and obviously rates _ this kind of advice? no, this is the first and obviously rates haven't i first and obviously rates haven't been this high since the global financial crisis in 2008 and as people have become almost addicted to low interest rates thinking they are kind of the norm you would understand why they would think that because they've been so low for so long but really the normally is where we are now in historical terms. this is properly the new norm. 0bviously when inflation does come down it is possible interest rates will come down again but i don't see them going anywhere near the 0.5, 0.25% and may be somewhere between 2.5 and 4% base rate once inflation is under control so we might then be looking at mortgage rates of 3.5 to 4.5% possibly down the line, may in the year or given a

half time. it is a period where the rates that much higher where people are probably going to struggle the most. ., ~ are probably going to struggle the most. . ~ , ., ., are probably going to struggle the most. . ~ i. ., ., ~ , most. thank you for taking us throu~h most. thank you for taking us through that, _ most. thank you for taking us through that, graham - most. thank you for taking us through that, graham cox i most. thank you for taking us - through that, graham cox speaking was there from milton keynes. the chancellorjeremy hunt's has given his full support following the rise interest rates, and the government had a watertight resolve to bring inflation down and governments are tackling inflation relentlessly must be the immediate priority and if we don't act now that will be worse later. let's cross back to jane king, mortgage adviser in surrey. just listen to graham cox that he was talking about the different tools that are on offer if you go to your borrower, go to your mortgage lender and express you are having some difficulty in paying your mortgage, can you talk a little bit more about that with the different tools that might be available to

mortgage holders of individual homes, for example?- mortgage holders of individual homes, for example? since 2014 mortgages _ homes, for example? since 2014 mortgages have _ homes, for example? since 2014 mortgages have been _ homes, for example? since 2014 mortgages have been heavily i mortgages have been heavily regulated, as have lenders. lenders are obliged to use something and repossession is an absolute last resort so they are advised by law to do everything they can to ensure that borrowers consists stay in their home and they got several measures they can use as graham said in the first one is that they can temporarily... you darted at forever say they may be also do that. this would lower your mortgage payment. the other thing they can do is convert some or all of your mortgage to interest only and for most people this will save them the most money and obviously is all that will be paid so expect to find your mortgage normally a third of your repayment i

think that is going to be the biggest help to most people and also payment holidays and interest will continue to roll up and not going to not be paying itjust will be tagged onto the end of the loan. there are various things lenders can do and you have the chief executive officer of your building society on your breakfast show this morning he said pretty much the same thing that if you are struggling fees ring as soon as possible and they will be sympathetic and nobody is going to change a lot and... and it doesn't work like that and hopefully this will be a short—term problem and the lenders can help. this will be a short-term problem and the lenders can help.— lenders can help. as we had from graham, lenders can help. as we had from graham. he _ lenders can help. as we had from graham, he didn't _ lenders can help. as we had from i graham, he didn't believe mortgage rates are going to be coming down very quickly any time soon, so is this reallyjust the new normal we have to get used to, this idea that the land low interest rates, they are not going to be coming back very, very quickly? how do you think that will affect things for first—time home—buyers? t

that will affect things for first-time home-buyers? i think after the credit _ first-time home-buyers? i think after the credit crunch _ first-time home-buyers? i think after the credit crunch when i first-time home-buyers? i think. after the credit crunch when rates went pretty much through what we thought at the time and then started to come back down again anything during that time people started to get their head around again and get used to the fact this is where rates will be now and economists were coming out and we had artificially low rates and this is what it is going to be like. mod talking to first—time buyers and they are not used to significantly lower interest rates because they are coming to the market in the last year also so they are quite happy and will borrow less because obviously then lenders can borrow theirs and theyjust review they are going to qualify and if they are going to qualify and if they sit back and wait for their high prices come down.- they sit back and wait for their high prices come down. these really are hue high prices come down. these really are huge decisions _ high prices come down. these really are huge decisions individuals - high prices come down. these really are huge decisions individuals have. are huge decisions individuals have to make. in your role, you find you

have to take another role of counsellor all of all council do my financial adviser as well to help individuals deal with this new reality? t individuals deal with this new reali ? ~ , ., ., ., individuals deal with this new reali ? ., ., ., ., reality? i think you have to manage exoectations _ reality? i think you have to manage expectations as _ reality? i think you have to manage expectations as well _ reality? i think you have to manage expectations as well because - expectations as well because sometimes we have to talk to parents with a lot of deposits are now parents are looking and saying my children come borrow as much money and may be a need to give more money may be the need to takes morph tax planning financial prices before they start giving large amounts to our children so it doesn'tjust affect borrowing and it affects children and properties on the market and that they stay there and what do they do? it affects massively. what do they do? it affects massively-— what do they do? it affects massivel . ., ~' , ., , . what do they do? it affects massivel . ., ~ , ., , . ., massively. thank you very much for takin: us massively. thank you very much for taking us through _ massively. thank you very much for taking us through this _ massively. thank you very much for taking us through this king - massively. thank you very much for. taking us through this king mortgage adviser speaking was from surrey. there has been mixed reaction to this latest rise in interest rates.

homeowner from manchester say they are concerned how the increase will in fact... tt are concerned how the increase will in fact... , ~ ., ., in fact... it feels like another gut -unch in fact... it feels like another gut punch for — in fact... it feels like another gut punch for working _ in fact... it feels like another gut punch for working families - in fact... it feels like another gut punch for working families as i in fact... it feels like another gut i punch for working families as faisal was saying there earlier. we are the ones shouldering the burden is and it kind of feels like wales? what have we done? why are the ones chosen to shoulder this burden? it doesn't feel particularly fair and it is certainly frustrating and concerning. i think we have seen a catalogue of mismanagement from the government i personally would have called the general election long before now because i don't think the government has a coherent plan. like you've been saying, the bank of england has this one tool and beyond

that there's no ideas, no plan, no strategy and nothing and we have told rates going up and there is just no plan and i think that we need a change in government. daniel was 'ust need a change in government. daniel was just saying _ need a change in government. daniel wasjust saying how— need a change in government. daniel was just saying how tough _ need a change in government. daniel was just saying how tough it - need a change in government. daniel was just saying how tough it was i need a change in government. daniel was just saying how tough it was for him as— was just saying how tough it was for him as well — was just saying how tough it was for him as well. i went through so many emotions _ him as well. i went through so many emotions listen to that because i can actually see him talking but i heard _ can actually see him talking but i heard vital— can actually see him talking but i heard vital talking. you said the bank— heard vital talking. you said the bank of— heard vital talking. you said the bank of england are taking a bet. that is— bank of england are taking a bet. that is exactly what they're doing. they are _ that is exactly what they're doing. they are gambling with us. you are gambling _ they are gambling with us. you are gambling with our lives. i feel like they do— gambling with our lives. i feel like they do not understand what is actually — they do not understand what is actually happening out here. daniel said exactly the same thing. there is no _ said exactly the same thing. there is no strength in government. absolutely none. you are playing —— we are _ absolutely none. you are playing —— we are paying for what liz truss did a year _ we are paying for what liz truss did a year ago — we are paying for what liz truss did a year ago and why should we be the ones that— a year ago and why should we be the ones that suffer? the gap between the poorer— ones that suffer? the gap between the poorer people in the richer people — the poorer people in the richer

people are just getting bigger and bigger— people are just getting bigger and bigger and bigger. people are just getting bigger and biggerand bigger. it's a massive void and — biggerand bigger. it's a massive void and i— biggerand bigger. it's a massive void and i can't see the government can step _ void and i can't see the government can step in — void and i can't see the government can step in now. however they sopposed _ can step in now. however they supposed to help us? they are just making _ supposed to help us? they are just making things worse. and then i heard _ making things worse. and then i heard one — making things worse. and then i heard one of your other experts say something — heard one of your other experts say something about a vat rise. well, yeah. _ something about a vat rise. well, yeah. come — something about a vat rise. well, yeah, come on, bring it on! what are we sopposed — yeah, come on, bring it on! what are we supposed to do? i am employing people _ we supposed to do? i am employing people here. if you take away my income _ people here. if you take away my income which will be people not of a comic— income which will be people not of a comic able _ income which will be people not of a comic able to afford to come and buy from the _ comic able to afford to come and buy from the eye when the altar pay wages _ from the eye when the altar pay wages then that is back again into youriob _ wages then that is back again into yourjob vacancies, isn't it? people are unemployed again. and then you take it _ are unemployed again. and then you take it back— are unemployed again. and then you take it back to bags and go well, we used to— take it back to bags and go well, we used to have people coming here and filling _ used to have people coming here and filling those job vacancies that apparently we had enough people here in our— apparently we had enough people here in our own— apparently we had enough people here in our own country to fill those jobs _ in our own country to fill those jobs that _ in our own country to fill those jobs. that was so untrue. we have been _ jobs. that was so untrue. we have been told — jobs. that was so untrue. we have been told so — jobs. that was so untrue. we have been told so many lies by this government i think it's time for general— government i think it's time for general election as well, daniel. i totally— general election as well, daniel. i totally agree with you. innovations on disla totally agree with you. innovations on display there. _ totally agree with you. innovations on display there. to _ totally agree with you. innovations on display there. to the _ totally agree with you. innovations on display there. to the news i totally agree with you. innovations | on display there. to the news there

has been a 0.5% rise in the cost of borrowing —— emotions on display. that brings the cost of borrowing to 5%. we are coming towards the end of the programme and i want to bring news from rishi sunak who told the times ceo summit that the reason interest rates are going up is because inflation is too high and the government will remain steadfast in its response to curb inflation after the bank of england hiked interest rates to 5% today. let's cross life now to holly, the ceo of... which offers financial advice. thanks forjoining us. interest rates are high. how bad is this going to get?— rates are high. how bad is this going to get? definitely i think there is a lot _ going to get? definitely i think there is a lot of _ going to get? definitely i think there is a lot of pain _ going to get? definitely i think there is a lot of pain out - going to get? definitely i think there is a lot of pain out there | there is a lot of pain out there being felt but how bad is it going to get? we know rates and focus to go yet higher and this is tool being used by the bank of england and

their mandate is to bring inflation down and they are not trying to win any popularity competitions. they're trying to tackle at inflation and they actively want to take money out of our pockets. that is their goal, thatis of our pockets. that is their goal, that is the tool they are using. now, the average focus out there i have seen this morning means families with mortgages will have about 20% less in discretionary spend and that is painful for small business owners. we are spending less every month. what does it mean for the beauticians, the above owners, the garden centres? their turnover is going to decrease so this will have a big knock—on impact and won't be immediate necessarily and won't be immediate necessarily and variable will fall immediately and variable will fall immediately and the problem will be when we come to the newer fixed—rate mortgages and the average person when they have been on a 2% fix will be looking at over 6% now. that could

be £400 a month in mortgage payments so this is going to hurt and it is a tool being used by the bank of england saying loud and clear today our priority is inflation and we know it is going to hurt but we are going to carry on regardless. taste going to carry on regardless. we have spoken a lot about mortgages in the last few minutes. i wonder if you could also take us through how this announcement today will affect those who hold other kind of debt? t mention small business owners, people who are on expensive debts and i want to say to people at that point to look at the debt we have. what is the most expensive debt you have? target paying that off first and that can be really key. payday loans, expensive credit cards, can you transfer on 0% transfer card so tackle the most extensive debt first. —— expensive. 0n the flip

side of this anyone listening he was a cash saver, do not leave it automatically with your high street bank in the current account you have. it's likely that will be the best rates they do shop around as well so forget the number one rule is, always identify that most expensive debt you have an tackle at first. ~ ., ., expensive debt you have an tackle at first. ~ ., , ., first. way to finish with that good advice. thank _ first. way to finish with that good advice. thank you _ first. way to finish with that good advice. thank you so _ first. way to finish with that good advice. thank you so much, - first. way to finish with that good advice. thank you so much, ceo | first. way to finish with that good i advice. thank you so much, ceo of boring money. you can keep up—to—date with all the latest interest rates news on the bbc website and app. that ends in sport is on this live stream. just repeat the news, there has been a 0.5% rise in the cost of borrowing and interest rates now stand at 5%. hello. nice day for scotland and

northern ireland today was in sunshine. england and wales and sunny spells but a scattering of showers around as well and may be a risk of some slow—moving thunderstorm soup the midlands and eastern england, as well. warm in the sunshine again today in temperatures widely in the late in the 20s. could make 28 degrees in the 20s. could make 28 degrees in the south—east of england. she was the south—east of england. she was the south—east of england. she was the south—east of england. showers that do develop shouldn't last too long this evening. they will fade away and will be dry as we head further into the night. cloud coming in from the atlantic could bring some rain into northern ireland and push clouding over the ibc heading into western scotland as well. quite a one night tonight as well but then are warmer and more humid nights as well as we head into the weekend. as of closing to northern ireland following by sharp showers of rain pushes into scotland, northern england and across wales. shell eastern areas may will be dry through much of the midlands and the north—east we should see sunshine around here and highest temperatures around here and highest temperatures around the mid 20s in the south—east of england. another cloud there are

some rain at times and further north and west will be a bit lower and temperatures may be a bit lower for the women's ashes cricket. they too of course could be dry in that there will be quite a bit of cloud aligned. quite a cloudy start for many of us through the weekend and overnight rain cleaning away in just a few showers around, mainly drifting across scotland and cloud turning to thin and break and that will allow it to get warmer into the mid 20s for scotland and northern ireland could be close to 30 degrees in the south—east of england. getting hot on saturday and also getting really quite humid as we draw this humid air, the muggy air from continental europe ahead of this wealth fund which will eventually bring a change in the weather. that is going to bring some heavy rain and thunderstorms into northern ireland and then through the day toward scotland, wales and some western parts of finland. staying dry until later that day for eastern areas. here it is going to

be very muggy and temperatures 30 degrees and the south—east and an anglia out the west and to stem a little cooler and fresher. until the bank of england pushes up the i: cooler e to 5%. the bank of england pushes up the i: cooler and 5%. the bank of england pushes up the i: cooler and fresher. until thenit little cooler and fresher. until then it looks like it is going to be little cooler and fresher. until thenit little cooler and fresher. until then it looks like it is going to be dry for glastonbury. it will be dry for glastonbury. it will be getting more humid and also it getting more humid and also it warmer. warmer. the base rate to 5%. today at one. .. a shock interest rate rise. the bank of england pushes up

getting more iii rescued also it