fears grow for the five people on board, but the us coast guard insists it remains focused on reaching the crew alive. i'm sumi somaskanda live in boston. this is where the search has expanded as matthew has had, it has reached a critical stage, with a limited supply of oxygen for the crew on board. we will bring you the latest updates from on the ground. the bank of england becomes the latest major central bank to increase interest rates - to 5%. i'll be speaking with the liberal democrats leader sir ed davey. ukraine's president zelensky says russian forces are considering launching a terror attack on the russian —controlled zaporizhzhia nuclear plant, a claim denied by the kremlin. hello, i'm matthew amroliwala, welcome to verified live,

three hours of breaking stories, and checking out the truth behind them. let's start with that massive hunt for the missing submersible in the north atlantic — which is now in a critical phase. fears are growing for the five people onboard the missing vessel, which lost contact, during a descent to the wreck of the titanic. it's thought the oxygen supply on board may have run out. but the us coast guard insists it remains focused on finding the crew alive. we were told they were certain the crew would have slows their consumption of oxygen, extending the time available for the rescue. the search area has been doubled in size, and a french ship — with a robot that can reach the sea bed — is on site. live now to boston where sumi somaskanda has been following the story hello matthew. that is right. this is a massive search, and you have to understand that the ships and

aircraft on—site at the moment are scarring an area of around 10,000 square miles. they are also trying to look down to into the ocean floor. that might be where they could find a vessel. there are ships and aircraft on hand, and as you said, new vessels have arrived. i want to bring in danjohnson, a correspondent who has been looking into this and hearing from the coastguard and updates. what are they saying about where this search and rescue missions dans? that messaue and rescue missions dans? that message from _ and rescue missions dans? that message from the _ and rescue missions dans? that message from the us _ and rescue missions dans? that message from the us coast guard this morning _ message from the us coast guard this morning is_ message from the us coast guard this morning is that this is still an active — morning is that this is still an active search and rescue operation and there — active search and rescue operation and there is— active search and rescue operation and there is still hope. the big question— and there is still hope. the big question throughout this has been how much— question throughout this has been how much time is there and how long that oxygen _ how much time is there and how long that oxygen will last. we have never had a _ that oxygen will last. we have never had a definitive time when we know the oxygen— had a definitive time when we know the oxygen will run out. but the estinrates— the oxygen will run out. but the estimates are that at its furthest extent, — estimates are that at its furthest extent, it — estimates are that at its furthest extent, it would have announced this morning. _ extent, it would have announced this morning, maybe two or three hours a-o. morning, maybe two or three hours age it— morning, maybe two or three hours age if that— morning, maybe two or three hours ago. if that is the case, it may be that this — ago. if that is the case, it may be that this rescue operation is moving more _ that this rescue operation is moving more into— that this rescue operation is moving more into a — that this rescue operation is moving more into a recovery phase. but the coastguard — more into a recovery phase. but the coastguard is saying their search and rescue — coastguard is saying their search and rescue is still active, and there — and rescue is still active, and there is— and rescue is still active, and there is still hope. what vessels

are involved right now in the search, _ are involved right now in the search, because this truly has become — search, because this truly has become it— search, because this truly has become it international effort? a huge _ become it international effort? a huge number of vessels that have gone _ huge number of vessels that have gone to— huge number of vessels that have gone to that point in the atlantic ocean— gone to that point in the atlantic ocean hundreds of miles away from here _ ocean hundreds of miles away from here we _ ocean hundreds of miles away from here. we know the weather there has been quite _ here. we know the weather there has been quite kind. the conditions in the last— been quite kind. the conditions in the last 24— been quite kind. the conditions in the last 24 hours or so have been better— the last 24 hours or so have been better than— the last 24 hours or so have been better than they were in the earlier stages _ better than they were in the earlier stages of— better than they were in the earlier stages of this operation. there are vessels _ stages of this operation. there are vessels from around the world, but the two _ vessels from around the world, but the two most important ones that are in action— the two most important ones that are in action this — the two most important ones that are in action this morning our canadian vessei— in action this morning our canadian vessel and — in action this morning our canadian vessel and a — in action this morning our canadian vessel and a french vessel, and those _ vessel and a french vessel, and those two — vessel and a french vessel, and those two research vessels have both been able _ those two research vessels have both been able to send remote submersibles into the water, and those _ submersibles into the water, and those are — submersibles into the water, and those are submersibles that are unmanned, remotely operated, but capable— unmanned, remotely operated, but capable of— unmanned, remotely operated, but capable of diving to the depths of the sea _ capable of diving to the depths of the sea bed, as the level where the titanic— the sea bed, as the level where the titanic wreck is. we know there's vessels _ titanic wreck is. we know there's vessels have been underwater this morning. — vessels have been underwater this morning, close to the sea bed, near the where _ morning, close to the sea bed, near the where the submersible first lost contact _ the where the submersible first lost contact on _ the where the submersible first lost contact on sunday. they are trying to find _ contact on sunday. they are trying to find any— contact on sunday. they are trying to find any sign of that submersible, whatever is left, and whatever— submersible, whatever is left, and whatever may have happened to the five people on board. i guess there are three _ five people on board. i guess there are three main scenarios we could be looking _ are three main scenarios we could be looking at— are three main scenarios we could be looking at here. either something catastrophic happened on sunday,

that submersible has been lost and lives were — that submersible has been lost and lives were lost with it instantly, or something went wrong and it's on to the _ or something went wrong and it's on to the bottom, and those five men have _ to the bottom, and those five men have survived, that initial impact and need — have survived, that initial impact and need rescuing. that may be why time is _ and need rescuing. that may be why time is running out. the other possibility— time is running out. the other possibility is that some sort of truth— possibility is that some sort of bulk developed, but the sub was able to get— bulk developed, but the sub was able to get to _ bulk developed, but the sub was able to get to the surface, and that is why there — to get to the surface, and that is why there are still plain searching and scanning the surface at that part of— and scanning the surface at that part of the atlantic, seeing if they may he _ part of the atlantic, seeing if they may he on— part of the atlantic, seeing if they may be on the surface. but even if that is— may be on the surface. but even if that is the — may be on the surface. but even if that is the case, the oxygen is still an— that is the case, the oxygen is still an issue because they are seated — still an issue because they are seated in _ still an issue because they are sealed in that submersible and they can't iet— sealed in that submersible and they can't let themselves out, they have to he _ can't let themselves out, they have to be released from the outside. i think— to be released from the outside. i think everyone is aware that time was or— think everyone is aware that time was or is— think everyone is aware that time was or is against them. the conditions and pressure was of his intense, _ conditions and pressure was of his intense, and it starts to feel like maybe _ intense, and it starts to feel like maybe that time has now run out, and we were _ maybe that time has now run out, and we were may— maybe that time has now run out, and we were may be looking at the reality— we were may be looking at the reality of— we were may be looking at the reality of the worst possible scenario. reality of the worst possible scenario— reality of the worst possible scenario. ~ ,, ., , ,. , scenario. we know this rescue queues are still out — scenario. we know this rescue queues are still out there. _ scenario. we know this rescue queues are still out there. a _ scenario. we know this rescue queues are still out there. a very _ scenario. we know this rescue queues are still out there. a very quick - are still out there. a very quick last question, what about those tapping or banging sounds we heard about? is there any development on that front? it about? is there any development on that front? , , ., , j~ that front? it seems not. it is 48 hours or more — that front? it seems not. it is 48 hours or more since _ that front? it seems not. it is 48 hours or more since the - that front? it seems not. it is 48 i hours or more since the coastguard reported _ hours or more since the coastguard reported that in its initial sonar

scans— reported that in its initial sonar scans had — reported that in its initial sonar scans had picked up some sound, that -ay scans had picked up some sound, that gay people _ scans had picked up some sound, that gay people hope. they will try to target _ gay people hope. they will try to target in — gay people hope. they will try to target in a — gay people hope. they will try to target in a way that sound had come from, _ target in a way that sound had come from. to— target in a way that sound had come from, to give them a point to start intensifying the search. —— to give people _ intensifying the search. —— to give people hope. we haven't had no update — people hope. we haven't had no update since the initial report, maybe — update since the initial report, maybe that was a sign of hope, but it doesn't— maybe that was a sign of hope, but it doesn't seem they have been able to follow— it doesn't seem they have been able to follow that up with some sort of success _ to follow that up with some sort of success. . ~' to follow that up with some sort of success. ., ~ , ., ., , ., success. thank you for the update. we were coming — success. thank you for the update. we were coming back _ success. thank you for the update. we were coming back to _ success. thank you for the update. we were coming back to you - success. thank you for the update. we were coming back to you in - success. thank you for the update. we were coming back to you in a l success. thank you for the update. l we were coming back to you in a bit, but our reporter is in boston and has sent us update on the rescue effort. let's take a look. extra equipment is still pouring in. an underwater robot, made by a british firm, has been loaded onto this plane. leaving from the channel islands, it's got a long journey. for those actually at the search site, there's little time. estimates suggest that the missing sub may, by now, have already run out of oxygen. but friends of those on board still have hope. they wouldn't be panicking at all.

i believe the two clients are very high—powered businessmen and one of their sons... again, they would be used to not panicking in business. i'm sure these guys have been hunkering down, conserving their oxygen. they do have chemicals that will suck out the carbon dioxide, they even have blankets which wrap around you to take the carbon dioxide out of the air. among the missing are three british citizens — hamish harding, shahzada dawood and his son, suleman. also, french explorer paul—henri nargeolet, and the man behind the expedition, stockton rush. the titan sub was part of his vision for deep sea innovation. but prior concerns about the safety of the vessel have re—emerged. it was... it was not certified. it had no oversight during design, fabrication and testing. it is self—certifying, what you call experimental.

is there room for experimental? yes. to take people down? no. many may now question if a rescue is still possible and whether this is now more realistically a recovery operation, but that is not what the us coast guard has yet said and the search goes on. it's become an international effort. this footage showcases a high—tech french unmanned robot also sent to the scene. but, as yet, no sign of what they've all been looking for. jessica parker, bbc news, in boston. again, that is jessica again, that isjessica parker. she has been around the clock following the latest developments. a french deepwater submersible is now at the sight of the search for the titan. the unmanned sub will be crucial in the rescue of the titan is found. our correspondent has been to the 0ur correspondent has been to the south of france to find out more about the robot's capabilities.

this is the victor 6000, an unmanned specialist submersible which can operate at depths too deep for most other remotely operated vehicles, thousands of feet below the surface of the ocean where the titan has gone missing. the victor 6000 is based out of this institute in the south of france. to give you a sense of its size, it weighs a little over four tonnes, whereas this submarine weighs about 18. so it's a lot smaller, but it is packed with instruments and tools which could help in any rescue operation and the search. you have to see in the deep sea. so there are light sources to provide the light to to see in what would be 20, 30 meters maximum of visibility. furthermore, you have manipulator arms and those allow to connect gear

for the leverage of the titan to the surface. some of the specialist personnel involved in this operation know personally one of those missing aboard the titan and believe he can make a difference. translation: paul-henri nargeolet i has enough experience to explain l to other passengers that if they see a robot through the porthole, they're almost out of danger. an operation like this usually takes months to plan. this has been done in days. a vast and complex search in which every minute will count. well, that technology will indeed be crucial for search and rescue efforts, as we mentioned, the coastguard has said in the last few hours that two more of those remotely operated vehicles, those rovs have arrived stop again, the one attached to the canadian vessel and that french vessel as well, the victor at 6000, these are cutting—edge technologies being used

in the hopes they will bring some relief to rescue efforts and hopefully be able to help find the missing titan and saab, and the crew safe and sound. but that is the latest hear on the scene in boston. —— the missing titan sub. latest hear on the scene in boston. -- the missing titan sub.— latest hear on the scene in boston. -- the missing titan sub. thank you. we can bring — -- the missing titan sub. thank you. we can bring you _ -- the missing titan sub. thank you. we can bring you regular— -- the missing titan sub. thank you. we can bring you regular updates - we can bring you regular updates with continuing coverage on the bbc news website. also our app, where our team is following every development with full background and analysis. head there, there is so much of the latest information. around the world and across the uk, this is bbc news. let's take a look at some other stories making news across the uk. the search for a 42—year—old firefighter, missing while on a charity swim across the english channel has been called off.

iain hughes, from dudley, started the solo challenge with a support boat on tuesday from dover before disappearing. mr hughes has been aiming to raise £21,000 for the british heart foundation, midlands air ambulance and fire fighters charity. an annual survey from the higher education policy institute has found that more university students in the uk are working a paid job alongside their studies. research suggests 55% of students, are now doing paid work, compared with a total of 45% of them 12 months ago. in the survey of more than 10,000 students, 76% also said the cost of living has had a negative impact on their studies. the defence secretary, ben wallace — who had been seeking to become the next head of nato — appears to have ruled himself out. mr wallace told the economist magazine that he now — wasn't going to get the job — in the face of american pressure for the current secretary—general, jens stoltenberg, to remain in post. you're live with bbc news. let me bring you the very latest on the rescue effort that is going on

with that search of the coast of canada. two royal air force planes are being used to transfer equipment and personnel to stjohn's in canada to help with that hunt for the missing titan submersible. these planes taking off a little while ago, sources within the ministry of defence confirming the raf receives that overnight request for assistance, the movement of additional commercial equipment. those aircraft taking off in north—east scotland a little while ago. squadron leader simon philip saying the raf is always willing to support civilian authorities in emergency and humanitarian situations. we hope the raf contribution to this international rescue effort is of assistance. more help, more international help heading to the scene. in the uk, the bank of england is the latest central bank

to put up interest rates. they've gone up by half a percentage point — to 5%. that's the highest rate for 15 years. it means higher monthly payments for about 1,500,000 people with a tracker or variable rate mortgages — as well as those about to re—mortgage. the bank of england, like most central banks around the world — is tackling high inflation and trying to curb prices. just a quick comparison — in the us, interest rates stand, at five — to 5.25 percent. levels not seen for 16 years, although the fed held them static at its last meeting. the european central bank recently raised its main interest rate, by a quarter of a percentage point — to four—percent. and on the extreme end of the scale , turkey a few hours ago, hiked its main interest rate from 8.5—percent to 15—percent. here's the head of the bank of england , speaking after thursday's decision. we have to get inflation

back to target. we have to have price stability. we have raised interest rates to do that. we have seen strength in the economy. i think there is good news in this. the economy has been more resilient, it has been stronger. we have got very low unemployment. but it is leaving us with inflation looking much more persistent. we think inflation is going to come down markedly this year but there are signs of it being more persistent. and i felt it was right that we took this action, this decisive action today. rishi sunak has defended the bank's decision to raise interest rates. he gave this reaction just a little earlier today. nobody wants to see a recession. of course i don't want to see a recession. nobody wants to see a recession, and actually, part of the reason that we are seeing inflation be higher than we'd anticipated previously is because the economy has done better. and if you guys remember, everybody was forecasting that the uk would go into a recession this year. and it hasn't happened. kind of defied everyone's expectation, because the economy is performing well, jobs like yours are all being created,

companies are growing. unemployment is at a very low level. and of course, that is all a good thing. but it has meant that the inflation challenge has become a little bit tougher. so look, i always want to make sure that we are trying to grow the economy. but as i said, halving inflation on its way down to 2%, that is the right priority. because all the good things that we want, morejobs, higherwages, more investment in public services, lower taxes, all those things... we can't have any of those things, unless we get inflation back down and then get interest rates coming down again, right? that has got to be the priority. rishi sunak talking to workers there in kent and acknowledging the difficulties. the bank of england's decision means more pain for mortgage holders — as andy verity reports. i'm currently paying £560 a month. at the end ofjuly, it will go on to variable and it will go up to £1,200 a month.

our mortgage has gone up by over £2,200 a year, it is a huge impact on our expenditure and has an impact on the family as a whole. rose is going through what mortgage brokers call payment shock. i am having to cut down on how much i spend a week on food. i am having to plan my meals that i cook for the children and i am also currently looking at getting another part—time job alongside my currentjob. do you want a bit more? and so is craig. my wife is working nights and i am working days so that reduces childcare costs. we are cutting down on things such as takeaways and nice—to—haves. we have looked at other tv providers, to reduce those fees as well. they're among millions coming off fixed—rate mortgage deals, only to find they can only get a new one at interest rates three times what they were two years ago.

renters are being hit too, as thousands of landlords pass on higher mortgage costs. the bank of england's decision to boost rates by half a percentage point, when many expected a quarter, brings its official rate to 5%. compared to a low of 0.1% two years ago, it is a multiple of 50, the steepest rise in over 30 years. but then again, inflation is only slowly coming down from its highest level in 40 years. it is not for the bank of england to do less. the alternative is for the government to do more, to try to help in two ways. one, to enhance the responsiveness of the economy, to make sure we do not have to fall into recession in order to control inflation. and two, to strengthen safety nets. the bank of england alone cannot deliver lower inflation, financial stability and no recession. it needs help from the government. some people are slipping through that modest safety net, like andrew wood, who used to be a super—fit sports psychologist, but then caught long covid. since then he's been physically

unable to work and now his mortgage payments are set to double. there are millions of people suffering the same thing. hopefully this will revolutionise the way we treat post—viral illnesses. if they want people to come back into the workplace, finding out and researching the root cause of the issue will alleviate everything else. while the economy's stagnating, the majority of rate—setters on the bank's nine member committee are worried about the jobs market, where employers are bidding up wages to attract and keep staff, leading to the biggest pay rises this century. they fear employers will have to boost prices even more to cover bigger wage bills. four more rises are expected by city traders up to a peak of nearly 6% next year. but a minority think they have already gone too far. andy verity, bbc news. live now to sir ed davey, leader of the opposition liberal democrat party: he is in our westminster studio.

welcome to the programme. your reaction to what we have heard today from the bank of england, and what would you do as a party. this from the bank of england, and what would you do as a party.— would you do as a party. this shows how badly the _ would you do as a party. this shows how badly the conservatives - would you do as a party. this shows how badly the conservatives have . how badly the conservatives have managed the economy. people were already struggling with high energy bills and high food prices. and now rocketing mortgages and rent. people are really struggling, and the government really isn't offering any hope. it is not tackling inflation properly and supporting the bank of england with measures, and it is not offering any help to homeowners. clearly, the banks should do far more with extending the terms of mortgages and giving people a mortgages and giving people a mortgage payment holidays. but there needs to be a last resort for people who would otherwise see their homes repossessed and become homeless. they used to be, and the liberal democrats think they should be again. is democrats think they should be aaain. , . , democrats think they should be main. ,., , ., democrats think they should be aiain. ,., , ., democrats think they should be aiain. , ., , ., ., democrats think they should be aiain. ,., , ., ., , again. is a set at the end of my question. _ again. is a set at the end of my question, what _ again. is a set at the end of my question, what would - again. is a set at the end of my question, what would you - again. is a set at the end of my question, what would you do? | again. is a set at the end of my i question, what would you do? we question, what would you do? - proposed for those people who would lose their homes, a targeted mortgage protection scheme, funded by the banks. because the

conservatives have given the banks big tax cuts since 2015. they should be reversed, and that would be able to pay for this targeted scheme on helping people who would otherwise see their homes repossessed. banks have to do far more as well, and the liberal democrats want to see the banks turning up on helping people who are struggling. in banks turning up on helping people who are struggling.— banks turning up on helping people who are struggling. in terms of what ou are who are struggling. in terms of what you are saying _ who are struggling. in terms of what you are saying about _ who are struggling. in terms of what you are saying about helping - who are struggling. in terms of what| you are saying about helping people, both the government and the labour party say some of the ideas that are being floated are inflationary from your party. ijust want being floated are inflationary from your party. i just want to being floated are inflationary from your party. ijust want to play being floated are inflationary from your party. i just want to play a clip before i get you to respond to that. because only yesterday, the bbc spoke to karen ward. she is chief market strategist atjp morgan, and also a member ofjeremy hunt's economic advisory council. she was asked whether the government should help mortgage holders we have these rising gusts. ijust want to play you her response. bad idea... sadl , as

play you her response. bad idea... sadly. as i — play you her response. bad idea... sadly. as i say. — play you her response. bad idea... sadly, as i say, the _ play you her response. bad idea... sadly, as i say, the bank- play you her response. bad idea... sadly, as i say, the bank of - play you her response. bad idea... l sadly, as i say, the bank of england ultimately has to generate weakness. and the front line of that weakness, the transmission of what the bank of england does into the economy, sadly, the first impact is debtors. it is a mortgage holders. so, as soon as you try to soften that, and actually dense the transition of monetary policy, you dent the bank are big and's ability to bring inflation down. it would be entirely counter—productive. —— the bank of england's ability. counter-productive. -- the bank of england's ability.— england's ability. respond to that and a central _ england's ability. respond to that and a central france _ england's ability. respond to that and a central france that - england's ability. respond to that and a central france that you - and a central france that you actually have to slow the economy down not pump more money into it. taste down not pump more money into it. - have to tackle inflation and the liberal democrats are clear on that. because we are paying for it by reversing the tax cuts the conservatives gave to the bank, it doesn't cause any inflation whatsoever. in fact, doesn't cause any inflation whatsoever. infact, i doesn't cause any inflation whatsoever. in fact, i think our way of paying for this extra, this last line of defence for people who would otherwise be homeless, actually makes really sensible sense against,

in a fight against inflation. i think it would help fight against inflation. if people want to be borrow money to pay more for it, thatis borrow money to pay more for it, that is a bad idea. you want a fiscally responsible approach, which would mean we could get extra help to people who would otherwise become homeless, but also make sure we fight inflation hard.— fight inflation hard. extra help i understand. — fight inflation hard. extra help i understand, in _ fight inflation hard. extra help i understand, in terms _ fight inflation hard. extra help i understand, in terms of- fight inflation hard. extra help i understand, in terms of cutting j fight inflation hard. extra help i - understand, in terms of cutting core inflation, take me through how the liberal democrats would do that, because that is the key area that remain stubborn and an outer layer, compared with perhaps, some of the international because we have seen. the situation in the uk is far worse than in other countries, and that is because the government has a and of the economy so bad'si because the government has a and of the economy so bad'_ the economy so bad's i need to know what ou the economy so bad's i need to know what you will — the economy so bad's i need to know what you will do, _ the economy so bad's i need to know what you will do, not _ the economy so bad's i need to know what you will do, not the _ what you will do, not the government.— what you will do, not the government. what you will do, not the overnment. ~ . , government. we are seeing in the labour market, _ government. we are seeing in the labour market, if _ government. we are seeing in the labour market, if there _ government. we are seeing in the labour market, if there is - government. we are seeing in the labour market, if there is not - government. we are seeing in the labour market, if there is not in i government. we are seeing in the labour market, if there is not in a| labour market, if there is not in a people to do the job we need, and one of the things we would do is cut the nhs waiting list. there are hundreds of thousands of people who would otherwise be at work, but they

are waiting months and months to get their operations and their treatment. surely, it makes sense to sort out the nhs and make people can go back to work. that would make a big difference. go back to work. that would make a big difference-— big difference. what about wages, because that _ big difference. what about wages, because that is _ big difference. what about wages, because that is obviously - big difference. what about wages, because that is obviously a - big difference. what about wages, because that is obviously a key i big difference. what about wages, l because that is obviously a key part of the equation and the potential to spiral, to actually bake that end, so you have a continuous problem with inflation, in terms of the various pay disputes the government is handling? so many of those, you know the numbers, what is your position on that, given this backdrop?— position on that, given this backdro - ? ~ ., ., backdrop? well, the government have handled this so _ backdrop? well, the government have handled this so badly, _ backdrop? well, the government have handled this so badly, and _ backdrop? well, the government have handled this so badly, and if— backdrop? well, the government have handled this so badly, and if you - handled this so badly, and if you take the health service for example, if we are going to get those health waiting lists down, so people who are on them cocoa back to work, and help reduce the wage pressure, we will have to make sure we have the nurses and doctors. —— so people who are on them can go back to work. and right now, people are actually leaving the country... i right now, people are actually leaving the country. . .- leaving the country... i was actually _ leaving the country... i was actually talking _ leaving the country... i was actually talking about - leaving the country... i was

actually talking about yourl actually talking about your position, on fact there are large pay rises, and you simply continue with this inflation problem, do you not? i with this inflation problem, do you not? ., �* , ., ., not? i don't believe that some of the -a not? i don't believe that some of the pay rises _ not? i don't believe that some of the pay rises that _ not? i don't believe that some of the pay rises that are _ not? i don't believe that some of the pay rises that are being - the pay rises that are being demanded would be right, i think we can agree on that, but i do think that the government has failed miserably, and has not got round the table and interactive, and it has not been looking at the fact that we are going to need to recruit more nurses and ambulance workers and so on, if we are going to get his nhs waiting lists down. that is so crucial to making sure there are more people able to get into the labour markets, and do thejobs more people able to get into the labour markets, and do the jobs that need doing, which would really help with growing the economy and getting inflation down. in with growing the economy and getting inflation down.— inflation down. in terms of the bank of england. — inflation down. in terms of the bank of england. have — inflation down. in terms of the bank of england, have they _ inflation down. in terms of the bank of england, have they been - inflation down. in terms of the bank of england, have they been just - of england, have they been just behind the curve on this, for a long while, the narrative always was, the international one, the impact of the war in ukraine, energy and all of that, which are factors, but this whole area around underlying inflation here in this country, that it is somewhat different. have they

been too slow to recognise that particular problem? i been too slow to recognise that particular problem?— been too slow to recognise that particular problem? i think the big roblem particular problem? i think the big problem was _ particular problem? i think the big problem was the _ particular problem? i think the big problem was the budget _ particular problem? i think the big problem was the budget of - particular problem? i think the big problem was the budget of liz - particular problem? i think the big i problem was the budget of liz truss, when she was briefly prime minister. truss, problem was the budget of liz truss, when she was briefly prime minister. that really sent shock waves, shoved that really sent shock up that really sent shock waves, shoved up mortgage rates very fast and caused huge problems in the financial markets and confidence in our country went down. that conservative mismanagement of the economy, i think is what is to blame. the bank actually had to step in, because the conservatives had manage things so badly. taste in, because the conservatives had manage things so badly.— in, because the conservatives had manage things so badly. we are out of time, manage things so badly. we are out of time. but — manage things so badly. we are out of time, but thank _ manage things so badly. we are out of time, but thank you _ manage things so badly. we are out of time, but thank you so _ manage things so badly. we are out of time, but thank you so much - manage things so badly. we are out of time, but thank you so much forl of time, but thank you so much for your time and forjoining us here on bbc news. we'll be back with more of the headlines, we of course keeping an eye on the rescue of the coast of canada and the us. we will have more on interest rates and the other major stories. on interest rates and the other majorstories. so, don't go major stories. so, don't go away. back with more soon. hello, there. nice day for scotland and northern ireland today with some sunshine. for england and wales there'll be some sunny spells, but we're going to find a scattering

of showers around as well and maybe a risk of some slow moving thunderstorms through parts of the midlands and eastern england as well. warmer in the sunshine again today. temperatures widely in the low to mid 20s and could make 28 degrees in the south east of england. those showers that do develop shouldn't last too long this evening. they'll fade away and it'll be dry for a while. but then as we head further into the night, we're going to find cloud coming in from the atlantic, that will bring some rain into northern ireland, push the cloud over the irish sea heading into western scotland as well. quite a warm night tonight, but there are warmer and more humid nights to come as we head into the weekend. this is the picture, though, on friday. and that rain clears northern ireland to be followed by some sharp showers. some rain pushes into scotland, into northern england and across wales. many sheltered eastern areas may well be dry and through much of the midlands towards the southeast we should see more sunshine around here. and this is where we'll see the highest temperatures around the mid 20s in the south east of england. under the cloud and some rain at times further north and west

temperatures will be a bit lower, and temperatures may be a bit lower for the women's ashes cricket at trent bridge, day two. it should be dry this time, even though there will be quite a bit of cloud around. and there'll be quite a cloudy start, i think, for many of us to start the weekend, we will see the overnight rain clearing away. just a few showers around, mainly drifting northwards across scotland. to get warmer. temperatures into the mid twenties for scotland and northern ireland and could be close to 30 degrees in the south east of england. so it's getting hot on saturday. it's also getting really quite humid as we draw this humid air, this muggy airfrom continental europe ahead of this weather front, which will eventually bring a change in the weather. that's going to bring some heavy rain and some thunderstorms into northern ireland, and then through the day towards scotland, wales and some western parts of england. staying dry until late in the day for eastern areas. here, it's still going to be very muggy.

temperatures could be 30 degrees in the southeast and east anglia. out to the west after the rain, it does turn a little cooler and fresher, but until then, it looks like it's going to be dry for glastonbury. it will be getting more humid and also warmer.

this is bbc news. the headlines...