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tv   BBC News Now  BBC News  June 23, 2023 1:45pm-2:00pm BST

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we are absolutely committed to supporting the bank of england to doing what it takes. we know the pressure that families are feeling. that's why we've introduced big support packages, around £3,000 for the average household this year. and last. but we will do what it takes and we won't flinch in our resolve because we know that getting rid of high inflation for our economy is the only way that we can ultimately relieve pressure on family, finances and on businesses. well, let's get the response to that from the labour leader, sir keir starmer. he was interviewed while on a visit to raf brize norton in 0xfordshire. look, what i think people want is action, not words. what we suggested is there is a requirement on lenders to take these measures because there are going to be many, many mortgage holders, many, many families across the country who are now even more worried about paying their mortgage, and that's on top of all the other bills.
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and they know the government's failed now for 13 years, that the government crashed the economy last year. what they want, i think, is a much stronger sense that the government is gripping this, action not words, and that's why we, the labour party, have said let's require lenders to do this so it's not left to the the individual to come forward, many people would be reluctant to do that because they're worried it will reflect on the credit rating, so let's sort this out with a requirement on the lenders to do this. well for more on this, let's talk to our political correspondent leila nathoo, and our money and work reporter peter ruddick peter, we had the chancellor detailing what has been announced. walk us through what it means for our viewers. the walk us through what it means for our viewers-_ our viewers. the key thing here is that there is _ our viewers. the key thing here is that there is an _ our viewers. the key thing here is that there is an increased - that there is an increased flexibility for borrowers who are struggling. things like moving to interest only payments, extending your mortgage term, those kind of things are really important financial decisions with big implications that are not for
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everyone. the key is that now they will be able to make and reverse changes without any impact on your credit scores. that is something financial expert martin lewis has been calling for. the chancellor also mentioned being able to have a conversation with your lender without impacting your credit score. that was already available. a lot about today is an awareness exercise for people. they want to make sure that people are aware of the support out there. then there is this 12 month delay to repossessions. that is a very significant thing, it will be a lot of comfort for people who are worried, but lenders will be keen to point out that repossessions are still incredibly rare at the moment. look, a lot of this is essentially making people aware of the things that are out there, but it is not about shielding people entirely from the pain, because
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squeezing our disposable income is unfortunately our reality of the medicine the bank of england is having to deliver at the moment to tackle inflation. in having to deliver at the moment to tackle inflation.— tackle inflation. in the introduction _ tackle inflation. in the introduction we - tackle inflation. in the introduction we said i tackle inflation. in the - introduction we said there is no direct government support but there is government intervention to some degree because they are hosting this meeting. it seems downing street are trying to walk a very narrow path. i wouldn't describe this as an intervention, more of a chance for the government to show they are doing _ the government to show they are doing something, that they are at least _ doing something, that they are at least having a conversation with the banks _ least having a conversation with the banks and _ least having a conversation with the banks and mortgage lenders, they are not, banks and mortgage lenders, they are not. as— banks and mortgage lenders, they are not, as labourare banks and mortgage lenders, they are not, as labour are saying, requiring the banks_ not, as labour are saying, requiring the banks to — not, as labour are saying, requiring the banks to do anything beyond showing — the banks to do anything beyond showing flexibility and understanding to people who get into difficulties. the message very clearly— difficulties. the message very clearly coming from both the treasury _ clearly coming from both the treasury and downing street as they are not— treasury and downing street as they are not prepared to do anything significant in the way of government intervention. there are calls from within_ intervention. there are calls from within the — intervention. there are calls from within the tory party for help, surrport—
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within the tory party for help, support packages for people facing higher— support packages for people facing higher mortgage payments, things like mortgage interest relief. that is definitively being rejected at the moment by government, saying they dont— the moment by government, saying they don't want to do anything that risks further fuelling inflation. what — risks further fuelling inflation. what we — risks further fuelling inflation. what we are seeing today from the chancellor — what we are seeing today from the chancellor is a reassurance exercise. _ chancellor is a reassurance exercise, a chance to say there are conversations, they understand people — conversations, they understand people are facing difficulties, but ultimately there is nothing significant coming from the government at the moment because, as peter said. _ government at the moment because, as peter said, they are relying heavily on higher— peter said, they are relying heavily on higher interest rates trickling through— on higher interest rates trickling through the economy to have the desired _ through the economy to have the desired impact on bringing down inflation — desired impact on bringing down inflation. that was one of rishi sunak's— inflation. that was one of rishi sunak's five pledges he made at the beginning _ sunak's five pledges he made at the beginning of the year, to have inflation — beginning of the year, to have inflation from around 10% in january to about _ inflation from around 10% in january to about 5% — inflation from around 10% in january to about 5% at the end of the year. that is— to about 5% at the end of the year. that is clearly looking much more tricky _ that is clearly looking much more tricky for— that is clearly looking much more tricky for him, but it is something the government are committed to. if the government are committed to. inflation the government are committed to. if inflation continues to be stuck,
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could we see more political intervention, more efforts from downing street, or will they try to leave it to the bank for as long as possible? it leave it to the bank for as long as ossible? , , ., possible? it is interesting we are even having _ possible? it is interesting we are even having a — possible? it is interesting we are even having a discussing -- - possible? it is interesting we are i even having a discussing -- having possible? it is interesting we are - even having a discussing -- having a even having a discussing —— having a discussion— even having a discussing —— having a discussion at — even having a discussing —— having a discussion at this point about large—scale government intervention because _ large—scale government intervention because ministers would argue there have been— because ministers would argue there have been huge support packages in terms _ have been huge support packages in terms of— have been huge support packages in terms of support with energy bills over the _ terms of support with energy bills over the last year, direct targeted cost of— over the last year, direct targeted cost of living payments for vulnerable families. there is obviously this conversation happening in the context of big support— happening in the context of big support was provided during the pandemic, and that is something the government is very keen to resist going _ government is very keen to resist going down that path when it comes to mortgages. clearly people with mortgages are a significant part of the population, but it is quite a targeted — the population, but it is quite a targeted measure to even be considering helping people in a direct— considering helping people in a direct and substantial way in terms of their— direct and substantial way in terms of their mortgages and they are certainly— of their mortgages and they are certainly not anywhere near that yet. certainly not anywhere near that yet there — certainly not anywhere near that yet. there are calls from within the
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conservative party for some more targeted — conservative party for some more targeted support. that is a political— targeted support. that is a political point because the tories have _ political point because the tories have always been historically pitching _ have always been historically pitching themselves as the party of homeowners. there is obviously politics— homeowners. there is obviously politics going on in here, but rishi sunak. _ politics going on in here, but rishi sunak. his — politics going on in here, but rishi sunak, his reputation and image is one of— sunak, his reputation and image is one of being the safe pair of hands one of being the safe pair of hands on economic management. he is finding _ on economic management. he is finding himself in tricky waters at the moment, given what is going on with inflation, stubbornly refusing to come _ with inflation, stubbornly refusing to come down. we will see caution on the scale _ to come down. we will see caution on the scale of— to come down. we will see caution on the scale of intervention, certainly in the _ the scale of intervention, certainly in the short— the scale of intervention, certainly in the short term.— in the short term. later, renters, that is a huge _ in the short term. later, renters, that is a huge section _ in the short term. later, renters, that is a huge section of - in the short term. later, renters, that is a huge section of society l that is a huge section of society who will continue to fuel squeezes as the rental market continues to be restricted itself.— restricted itself. that's right. the main association _ restricted itself. that's right. the main association representing . main association representing landlords after yesterday? slightly surprising 0.5% interest rate rise said, look, if rates peak at 5%, we could see as many as 735,000 rental
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property is taken of the market because landlords are dealing with higher mortgage costs themselves and just decide they can pass on the impact on higher rents and just decide to leave. if there are less rental properties that will push up rental properties that will push up rental costs even further. 0f rental costs even further. of course, that is if rates peak at 5%. it is important to say that even with the targeted measures today this is not an end to the interest rate hike cycle we are on at the moment necessarily. we will get more decisions from the bank of england and the market expectation is the rates could peak at 6%. for renters moving to become first—time buyers, they are likely to stay at that 6% were around that level for quite some time, well into next year, potentially. some time, well into next year, potentially-— some time, well into next year, potentially. thank you both very much. potentially. thank you both very much- there _ potentially. thank you both very much. there is _ potentially. thank you both very much. there is more _ potentially. thank you both very much. there is more on - potentially. thank you both very much. there is more on this - potentially. thank you both very i much. there is more on this story potentially. thank you both very - much. there is more on this story on our website. a six—week campaign has been launched urging people to respect road—workers. �*expect respect�* is backed
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by a number of companies and organisations and highlights the high levels of physical and verbal abuse suffered by road—workers. for example, over the past three years, a65 incidents have been reported in birmingham alone, although the true figure is believed to be much higher. amy cole reports. he also got out of his van and started to approach me with what looked like an electric hand saw. he started to approach me with that, shouting, if you don't open the road, i'm going to chop your head off. and he came right up to my face and put the blade right up to my head. this is one of a number of videos being released as part of the expect respect campaign, to highlight the level of abuse road workers are experiencing. at tower hill, work to resurface rocky lane started this week and will continue until the beginning ofjuly. it's a big job, with around 30 workmen on—site, including keiran, who's dealing with the project's traffic management. have you noticed a lot of aggression
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towards you on this project? you see it daily, it happens daily. the lads on site, any incidents that happen, they have to report it. i'm one of the people that receive that report, so it happens on a daily recurrence, verbal abuse right up to people being physically abused. the residents living on this street were given two weeks' prior warning of the work and signs were also put in place. and on this project, they've gone a step further. i employ full—time two staff as publicly liaison officers, their role is literally to walk down the site, work with the public, knock on doors, help with any issues to public have. we provide that as a full—time resource to members of the public the live on these streets so we can try and liaise with them better. we're just asking people to be empathetic and give our workforce the respect they deserve. while we were filming, this man, eager to get to his car, has jumped to safety barriers and is spoken to by kieran. a few minutes later, work is paused so he could leave, but flouting the rules is potentially dangerous.
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for residents veronica and errol, the roadworks haven't caused them much destruction. we're able to get out for our morning walk and go to the supermarket. were you given plenty of warning this was going to happen? oh, yes, we did. they informed us via leaflets. i wish they could catch them he was abusing them, i would like them to be abused and see how they like it. go to their workplace and abuse them, because that's what they're doing here. the campaign is running for six weeks and all those involved are hoping it will make a real difference. we've got some weather changes around at the moment and then we've
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got a bit of wet weather. but this weekend we have still got some heat and humidity to contend with, notjust by day but by night as well. and it will all culminate on sunday with some particularly potent and thundery downpours. 0ut there today, though, thunder is not really the risk but a rain or drizzle coming and going across parts of scotland, north—west england, north and west wales and indeed northern ireland for the rest of the day. the odd heavier burst. humidity levels will rise further through tonight. further rain at times in scotland, northern ireland and quite misty and murky with some drizzle in the air across western coasts and hills. note the temperatures into tomorrow morning, not dropping lower than around 15 or 16 degrees. many will spend much of the night with the temperatures in the night with the temperatures in the high teens only 20s. a fair bit of cloud and round on saturday, some light rain or drizzle. the odd heavier shower in scotland pushing
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its way north eastwards. during saturday afternoon the clot breaks are more readily with more sunshine around you will feel the heat without humidity. it will be quite a stifling afternoon. temperatures 26 on the moray firth, 2627 in the south—east of england. another very warm night to follow. fresh conditions trying to work into the atlantic and a dividing line is this weather from culture bring atlantic and a dividing line is this weatherfrom culture bring heavy thundery downpours into the start of sunday across ireland. thru sunday that will spread into many western parts of the uk, getting close to glastonbury, and very close to edgbaston, too. not too much rain across southern counties. the highest of the temperatures 30 degrees across the south—east, compared to 18 or 19 in northern ireland. that fresher air will push a switch with those thundery downpours during sunday night. into next week we have high pressure to the south of us. slightly different week. it will not be a cold week publicity see further rain at times,
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especially across the north and west. the further south and east you're always said to be that little bit drier with sunshine at times. in the sunshine we will take the temperature kept up again into the mid 20s. that is how it is looking. bye for now.
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men killed on board, this is bbc news. questions surround the safety of the titan submersible. the co—founder rejects claims the company cut corners. tributes are paid to the five
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