tv BBC News Now BBC News August 3, 2023 2:00pm-2:31pm BST
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hello, i m lucy hockings, welcome to bbc news now. we start with that announcement by the bank of england — raising interest rates from 5% to 5.25%. that's the highest rate for 15 years. it'll mean higher costs for many mortgage holders — as well as individuals and businesses with loans. but it will also benefit some savers. it's the latest attempt by the bank to tackle high inflation. the bank england isjust one of many central banks around the world — raising interest rates to curb rising prices. here's the rate of inflation in five advanced economies since the start of the year. as you can see there's a downward trend, especially in the us. but in the uk, inflation is still atjust under 8% which is four times the bank's target of 2%. that international comparison was underlined by the opposition labour party in the uk. here's the shadow chancellor — rachel reeves. the government need to take
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responsibility for the fact that inflation in the uk is much higher than it is in comparable countries. in the us, it is 3%. in the eurozone it is 5.3%. and yet, here in britain, inflation remains stubbornly at 7.9% because of a decade or more of mismanagement by the conservative party. let's talk to our work and money reporter peter ruddick. what does this mean for people with mortgages? it what does this mean for people with mortua . es? . , what does this mean for people with mortua . es? ., , , what does this mean for people with mortauaes? , , . mortgages? it was widely expected but unfortunately _ mortgages? it was widely expected but unfortunately that _ mortgages? it was widely expected but unfortunately that will - mortgages? it was widely expected but unfortunately that will not - but unfortunately that will not prevent the pain from hurting. let's break this down, for people on a variable or a tracker rate mortgage, which tracks the bank of england base rate, they will see immediate impacts to their monthly payments, between 15 and £25 per month on average, which does not sound massive but this is the 14th interest rate rise so the impact of all of that will be hurting. there are 800,000 people who are on a
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fixed rate deal and many of those are young families who got on the housing ladder thanks to the help to buy scheme and relatively low rates a couple of years ago, and when those deals come to an end in the second half of this year, they will be faced with remortgaging costs and moving on to a verbal tirade potentially where the rate will go up potentially where the rate will go up significantly, and a massive impact of their monthly cost —— or moving on to a variable rate potentially. rent will also see rates go up because landlords may choose to pass on the extra cost and also many landlords have chosen to exit the market altogether which changes supply and demand and means rental costs have increased and if you have a credit card, the interest rate can change, and when it comes to loans, so many small businesses took out them during the pandemic and afterwards in order to tide them through, they could be impacted by this. it is important for small businesses, to remember, the point
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of others, trying to interest rates and to bring inflation down and more in line with international comparisons you were talking about, you take money out of the economy and try to prevent people from spending which is fine unless you are a small business which relies on consumer spending, so it is a worrying time for them because they do not want people to stop spending because that could mean an impact on jobs and essentially whether they are able to keep businesses. the warning from the bank of england is that rates are likely to stay higher for longer in order to control inflation and so we may be near the peak but do not expect rates to come down immediately any time soon. peter, thank you. we saw the graph of the downward trend of inflation in some countries but not in turkey. the annual rate of inflation in turkey has jumped to more than 47%. a major factor was the fall in the value of the lira this year? which has pushed up the cost of imports, while increased taxes on sales and fuel have also had
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an impact on prices. the central bank there forecasts suggest the inflation rate could hit 58% by the end of the year. injune, it almost doubled its main interest rate, from 8.5 to 15%, a major change in policy for turkey under president erdogan, who had previously made his opposition to high interest rates very clear. security has been tightened in washington ahead of former president donald trump's appearance in court later. he'll be formally charged with plotting to overturn the result of the presidential election in 2020. these are live pictures from outside the court building. security barricades have gone up as you can see. reporters have been arriving early — to secure a place to watch the proceedings — several hours ahead of mr trump's expected appearance. straight to the court in washington, jon donnison is there for us now.
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what are we expecting to happen? donald trump is not due here until four o'clock, several hours away, but the anticipation is building. dozens of chemicals lined up in front of the court and we expect when he appears, —— dozens of camera crews lined up in front of the court, and we expect when he appears, he will turn up in person, flying in from his golf resort in newjersey, and when he appears it will be brief. the four criminal charges will be read out and he is expected to plead not guilty and then he will be flying back to new jersey. he has called this a fake case being driven by a deranged prosecutor. i case being driven by a deranged prosecutor-— case being driven by a deranged rosecutor. . , ., . ., prosecutor. i was watching earlier are some of _ prosecutor. i was watching earlier are some of the _ prosecutor. i was watching earlier are some of the security - prosecutor. i was watching earlier. are some of the security barricades were set up, what is the mode like in washington at the moment? —— the mood. any concerns about security?
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there are a few concerns and yesterday a lot of tv crews were down here and there were a few people protesting and trying to be heard on tv and there is a pretty heavy police presence already. the appearance is several hours away and it has been totally barricaded off and he is expected to enter the court room from behind where we are now so we are not expecting to see him walk past at any point, although there are about a dozen chemicals following him in from the airport on hisjourney to following him in from the airport on his journey to court —— a dozen camera crews. his journey to court -- a dozen camera crew-— his journey to court -- a dozen camera crews. ~ . ., camera crews. what about the timing of what happens _ camera crews. what about the timing of what happens next? _ camera crews. what about the timing of what happens next? we _ camera crews. what about the timing of what happens next? we expect - camera crews. what about the timing of what happens next? we expect his appearance to be brief and we expect him to plead guilty and then what happens? him to plead guilty and then what ha--ens? him to plead guilty and then what ha ens? ., him to plead guilty and then what ha ens? . ., him to plead guilty and then what ha . ens? ., ., ., him to plead guilty and then what ha ens? ., ., ., ., happens? then we are going to have the date for — happens? then we are going to have the date for a _ happens? then we are going to have the date for a trial— happens? then we are going to have the date for a trial being _ happens? then we are going to have the date for a trial being fixed - happens? then we are going to have the date for a trial being fixed and i the date for a trial being fixed and the date for a trial being fixed and the prosecutor has said he wants that to happen as quickly as
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possible. he has already got two trials coming up next year, one is over the alleged storing of thousands of classified documents after he left the white house at his mar—a—lago estate in florida, and the other one regards payments to a porn star, stormy daniels, who claims she had an affair with president trump, which he denies. those trials are due to happen in spring next year, march and may, and this one we could also have happening in the spring of next year. the presidential election of which he is by far and away the outstanding front runner for the republicans, that is due to take place next november.— republicans, that is due to take place next november. thanks for “oininu place next november. thanks for joining us- _ lindsay chervinsky is a presidential historian. shejoins me from washington now. lovely to see you. but culture and the government, can you put this
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into context, this moment we are going to say? —— political culture. we have used the word unprecedented a lot in the last six years and it has lost a bit of mailing but we really should not become numb to the uniqueness of this particular situation. as we have discussed, trump has been indicted before but this is especially important because he is really the first president to ever try and destroy the peaceful transition of power and that is what the charges in the indictment are all about. . ., , all about. the indictment really focusina all about. the indictment really focusing on _ all about. the indictment really focusing on the _ all about. the indictment really focusing on the democratic- all about. the indictment really - focusing on the democratic process, tell us more about your thoughts on the charges?— tell us more about your thoughts on the charges? absolutely. the core of the charges? absolutely. the core of the democracy _ the charges? absolutely. the core of the democracy is _ the charges? absolutely. the core of the democracy is that _ the charges? absolutely. the core of the democracy is that we _ the charges? absolutely. the core of the democracy is that we settle - the charges? absolutely. the core of the democracy is that we settle our l the democracy is that we settle our differences at the ballot box and we have elections and there's going to
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be a winner and a loser and there has never before been a president who has actively tried to overturn the result. even in the civil war, the result. even in the civil war, the south accepted the presidency of abraham lincoln and left because they did not like the outcome, they did not try and destroy the transition. the fact that donald trump is alleged to have done these things, of course, because in the judicial system we have to say innocent until proven guilty, and it is important that there is repercussions and consequences because if we are going to be a nation that is based on rule of law and not of man, no one person can be above the law. and no one person can be above such a important tenet of democracy, the transfer power. democracy of course is enshrined —— a huge pillar enshrined in the democracy in the us is freedom of
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speech, will be his defence? his name as speech, will be his defence? h 3 name as well say that but i think the indictment is very carefully tailored, and just as a person reading it, jack smith was careful to acknowledge that all people have the freedom of speech including the president but the charges are about what happened next. you have the right to say an election was rigged but you then do not have the right to break the law to try and change the result. certainly the defence counsel will make that argument and a lot of political pundits will make it on television but that does not necessarily make it so. in it on television but that does not necessarily make it so.— it on television but that does not necessarily make it so. in terms of this moment _ necessarily make it so. in terms of this moment for _ necessarily make it so. in terms of this moment for america, - necessarily make it so. in terms of this moment for america, what - necessarily make it so. in terms of this moment for america, what do | necessarily make it so. in terms of- this moment for america, what do you think it says about how divided the country is about even how they see a concept like democracy?— concept like democracy? there is no doubt that we _ concept like democracy? there is no doubt that we are _ concept like democracy? there is no doubt that we are at _ concept like democracy? there is no doubt that we are at a _ concept like democracy? there is no doubt that we are at a dark- concept like democracy? there is no doubt that we are at a dark momentj doubt that we are at a dark moment as a nation and we are divided and there are really intense partisan
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tensions and much of that stems from the media bubbles we are in where people are only getting information from certain silos and they are not necessarily hearing all of the facts. but i think this moment has the potential long—term on a course as a historian that is myjob, to look at the long of something, long term this could be a turning point and a positive one because i'm hopeful that this will be the start of demonstrating that we can hold people accountable when wrongdoing is done, and start to rebuild those democratic norms and traditions which are so important, including the fact that we do cherish things like peaceful elections and the peaceful transfer of power. that process will be a long one but i'm hopeful that this is a step in the right direction and an indication to american audiences and those around the world that there are enough people even if it is a small majority, willing to do the hard work. .,
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majority, willing to do the hard work. . ., ., , . work. thanks for “oining us. we will of course be — work. thanks forjoining us. we will of course be across _ work. thanks forjoining us. we will of course be across the _ work. thanks forjoining us. we will of course be across the story - work. thanks forjoining us. we will of course be across the story to - of course be across the story to date here on bbc news. donald trump firmly charged at a court hearing on charges of plotting to overturn his 2020 election defeat. here, four people have been arrested after greenpeace activists climbed on to the roof of rishi sunak�*s house in yorkshire. they were protesting about the prime minister's support for the granting of new licences to drill oil and gas in the north sea. protesters covered mr sunak�*s home with black fabric. the prime minister and his family are currently away on holiday. the deputy prime minister — 0liver dowden — condemned what he called "stupid stunts". around the world and across the uk. this is bbc news. let's look at some other stories making news. wilko, one of the uk s biggest discount retail chains, is heading towards administration. the business, which employs 12,000
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people, has around 400 stores across britain. it says it's facing mounting cash pressures, and has taken the difficult decision to seek administrators as it tries to secure a rescue deal. last month the number of people heading out to the shops fell for the first time in 1a years as the uk grappled with one of the wettest months on record. analysis firm, springboard, says overall footfall was down by 0.3%, the first drop injuly since 2009. high streets were hit hardest but shopping centres and retail parks got a boost in visitor numbers. police investigating the disappearance of a woman have released cctv of her in an attempt to find her body. a murder investigation was launched after 48—year—old fiona holm was reported missing in london by her family onjune 29th. 0fficers believe she was killed up to nine days earlier having last been seen on cctv on 20 june. you're live with bbc news. france says it has
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finished the evacuation of its citizens from niger — after last week's military coup. officials say more than 1,000 people have been airlifted out of niger — including nationals from a number of other countries. us presidentjoe biden has called for the former head of state to be returned to power. in the capital niamey — a crowd of protesters have gathered in support of the coup. 0n the anniversary of the country's independence from france — a coalition of organisations — denounced the sanctions imposed on niger by the west african regional bloc — ecowas. 0ur africa correspondent catherine byaruhanga says anti—french sentiment is running high among the demonstrators in niamey. we have had the first images of these crowds gathering, the demonstrations happening in niamey at the moment. and it looks like it's mostly young men, the gathering at the independence square in the capital there. obviously, it's independence day in niger, as you mentioned. and the scenes are quite peaceful. you just see motorbikes, cars, crowds chanting.
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there are a few speakers, some women on the stage as well. and in the crowd, people carrying banners, some saying "down with france." 0thers talking about the fact that, you know, they're supporting the military takeover. there was one man who was speaking who said, you know, now he believes that nigerians are finally freeing themselves from the yoke of colonization. and that's because there is a lot of anti—french sentiment in the country. and lots of people believe that france would be backing a democratic government. and they believe the military, according to them right now, offers the best future for lots of nigerians. what role for ecowas and the negotiators who are there? what are they trying to achieve? i think what they're trying to achieve is a return to a democratic government. niger is a country that has seen several coups since since its
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independence in 1960. just in 2021, when just the deposed president, mohamed bazoum took over. this was the first time that niger had experienced a peaceful transfer of power. now, just a couple of years later, he has been deposed by the military once again. ecowas are saying they're trying to hold the line here. they're trying to defend democracy in niger, but they're also thinking about the security implications, because niger, like other countries in the region, is battling an islamist insurgency. and so they do want to continue some kind of stability in the country in the hopes that islamist groups won't spread further in the region. the american popstar, lizzo, has given her first response to what she says are "false allegations" of sexual abuse
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and fat—shaming. three of her former dancers filed a lawsuit against the singer on monday, accusing her of discrimination, assault, false imprisonment and harrassment. in a social media post today, lizzo responded calling the accusations "unbelievable" and telling fans this week has been "gut wrenchingly difficult". lizzo is known for her body positivity and openly talks about being plus size. in her post, lizzo said that she wasn't the villain she'd been portrayed as. she said the story had come from former employees who had admitted that they had been told their behaviour on tour was unprofessional. some breaking news out of south korea. one person has died and another dozen injured in a knife attack in the city of sungnam. we've had this amateur video from the scene. the suspect, dressed all in black, drove his car onto the pavement during the evening rush hour, ramming into four people. he then got out brandishing a knife and walked into a busy shopping
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centre, where he stabbed at least nine others. a man in his 20s has been arrested over what police say was an indiscriminate rampage. it sounds like something straight out of the hit tv show ted lasso — american football legend tom brady announced today he is now a minority owner of english football club birmingham city. the news was announced by brady and the championship side on social media, with the seven—time super bowl champion admitting that he's "got a lot to learn" about the sport. brady, who retired from american football earlier this year at 45 years old, will become chairman of a new advisory board for the club. let's speak to alex mcleish, who managed birmingham city from 2007 to 2011, leading them to premier league promotion in 2009. i have been trying to gauge what the reaction is from supporters on social media to tom brady showing up
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and they are a bit perplexed but people seem quite excited. what do you think? i people seem quite excited. what do ou think? ~ , ., ., you think? i think it is amazing. the fact that — you think? i think it is amazing. the fact that a _ you think? i think it is amazing. the fact that a world _ you think? i think it is amazing. the fact that a world superstarl you think? i think it is amazing. l the fact that a world superstar is associating himself with birmingham cityjust associating himself with birmingham city just lights associating himself with birmingham cityjust lights up the world in terms of the sports world. when somebody like that gets involved, you know it is the real deal, and it is not going to be another long and protracted wallet or won't it happen. —— will it. so i'm very positive that this is a fantastic day for birmingham city football fans. d0 day for birmingham city football fans. , ., day for birmingham city football fans. ,, .,, day for birmingham city football fans. ,, .,, , , ., fans. do you hope he will spend a lot of time _ fans. do you hope he will spend a lot of time in _ fans. do you hope he will spend a lot of time in birmingham - fans. do you hope he will spend a lot of time in birmingham and - fans. do you hope he will spend a l lot of time in birmingham and with the club? ryan reynolds has made wrexham almost a second home. yes.
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i'm sure wrexham almost a second home. yes. i'm sure when — wrexham almost a second home. yes. i'm sure when he _ wrexham almost a second home. yes. i'm sure when he gets _ wrexham almost a second home. jazz i'm sure when he gets to birmingham he can have a good look round. it is a great city. i was there at five years and i had a brilliant time, brilliant people. pretty good success in the time as well. to see birmingham getting back to that status, i think the fans deserve it. they have been suffering for so long. this world—class movement is something that is really going to light up the whole of the football world in england again. and hopefully they can, bit like ryan reynolds at wrexham, as you said, start to catch attention all over the world. the americans are taking charge of the uk. this the world. the americans are taking charge of the uk.— charge of the uk. this felt a bit like a ted _ charge of the uk. this felt a bit like a ted lasso _ charge of the uk. this felt a bit like a ted lasso moment. -
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charge of the uk. this felt a bit| like a ted lasso moment. when charge of the uk. this felt a bit i like a ted lasso moment. when i charge of the uk. this felt a bit - like a ted lasso moment. when i saw tom brady say, i have got a lot to learn. about football. if you were to have a word with him, what would you say is the first and he has to learn about the game and about the club? —— the first thing. in learn about the game and about the club? -- the first thing.— club? -- the first thing. in terms of aaivin club? -- the first thing. in terms of giving tom — club? -- the first thing. in terms of giving tom brady _ club? -- the first thing. in terms of giving tom brady advice, - club? -- the first thing. in terms of giving tom brady advice, the l club? -- the first thing. in terms i of giving tom brady advice, the guy is a winner. and it is not the football world but i do know he is good friends with sir alex ferguson and they have met before and exchanged pleasantries and both of them because tactical geniuses. —— of course tactical genius. it will be more about tom brady's winning ways rather than saying i want you to play in a 3—5— two system, it is not going to be like that. it will beat his input and his status, this
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will surely attract a lot of attention to birmingham city football club.— here, a patient and surgeon who were part of a ground—breaking brain operation, which made headlines around the world in 2020, have been reunited to celebrate its success. dagmar turner was able to play her violin during the proceedure to remove a tumour — which her surgeon said was an indicator that no damage was being done to the part of the brain responsible for her hand movement. they've been speaking to our reporter, wendy hurrell. nicejob. it was a musicians need to play violin after removal of a brain tumour and a surgeon's understanding of the intrinsic value of music that led to this moment in medical history. my oncologist was very, very good. he said to me, "dagmar, we need a plan."
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0nly that plan didn't involve my music. so in the end, i said to them, "do you think i should play my violin during operation?" and he looked at me and said, "well, we need to discuss this with the professor, but what an interesting idea." i said, "yes, we can try that." and the rest is pretty much history. music was so important to dagmar's quality of life and everything that she was. she was kind of hesitant to have this conversation with somebody who was a great surgeon but didn't understand the musical side, whereas because of my musical background, i felt that, 0k, we can at least have that conversation. now they're part of the newly refurbished hunterian museum at lincoln's inn fields. pretty cool, isn't it? it is pretty cool. i mean, as a medical student, i mean, this is hunterian museum, royal college of surgeons, probably the most coveted museum of anatomy and surgery in the world. as a medical student, you only dream of actually coming to london to see this. now, we are both, thanks to dagmar, part of this for generations to come. so, this is really massive. it did sort of take off around the world, that picture.
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yeah, somebody asked me for a violin lesson from south africa. and i said to someone, i said, look, what do you expect? i'm a woman, i'm blonde, and theyjust take most of my brain out. they didn't put it back in. and you expect an answer from me? and the guyjust looked at me, like, "i'm so sorry." and as you can see, we haven't knocked out her sense of humour centre in the brain at all! it works perfectly well! wendy hurrell, bbc news. back to washington and this is where donald trump will appear in court, accused of trying to change the 2020 election. there is very heavy security in washington, also around the us capitol building which is
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where the donald trump supporters rioted in 2021. the atmosphere is tense but a big day and we will be across all the developments here on bbc news so i hope you stay with us. hello. the weather is not looking too bad over the next couple of days, generally sunshine and showers knocking around. however, as we head into saturday, it's going to turn very wet, particularly so across northern ireland, england and wales. and bear in mind parts of the south of the uk, even though we're only three days into the new month, have already had a third of the average rainfall. there's more on the way, as i say. today is an ok day, though. sunny spells and passing showers. the showers probably most frequent across parts of the midlands running into eastern england. quite a few showers for northern ireland, but they'll tend to be quite light and i suspect the showers become
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a little bit less widespread for wales and south west england. so more in the way of dry weather here increasingly through the afternoon. so some of you will stay dry with sunny spells coming through from time to time overnight. a few more showers will keep going, particularly around coastal areas and especially across northeast england, north and east scotland. temperatures about 11 to 1a degrees overnight. and then tomorrow, yeah, it's another showery kind of day. however, as we head into the afternoon, the showers will want to concentrate in one area especially, and that's across eastern england. that's because we've got one of these convergence zones where the winds bash together. it will concentrate the showers here. but if you're away from that, for example, across wales, western england, parts of northern ireland, west scotland, it should be largely dry tomorrow afternoon with some fairly decent sunshine coming through, but temperatures still a bit below par for the time of year. it's through friday night and into the weekend that we've got our next batch of really wet weather to come through. also very windy, too. now the heavy rain will initially start off in northern ireland. quite gusty winds here for a time too, before it works in across england and wales, especially as we go through saturday. and with gusts of wind around 50 or 60 miles an hour across parts of wales,
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a0 to 50 miles an hour or so for parts of southern england, could bring some localised disruption. then we've got the heavy rain too factor in as well. now it won't be raining everywhere all the time. across scotland it'll be ok. sunny spells here a few passing showers, but the unsettled theme does continue, i'm afraid, through sunday and into the early part of next week as well. however, after that, it looks like we'll see our first area of high pressure building in for some seven weeks, and come thursday, might only last a day or two, it looks like we'll see something drier, sunnier and warmer. temperatures in the warmest spots could reach the high 20s or even low 30s.
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still rising. another hike in uk interest rates as the battle with inflation continues. the bank of england doubles down as it raises rates to 5.25%. and, green powerfor the people — the community batteries helping tackle soaring prices in australia. welcome to world business report, i'm ben thompson. we start in the uk where the country's central bank has just made its latest move to tame rising prices. once again, it's hiked
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the cost of borrowing — in a widely predicted move — by 0.25%. bringing the main base interest rate up to 5.25%. it's designed to tackle inflation — which has started to ease — but consumer prices are still rising at almost 8% a year. that's still four times the bank's target. the idea is that by raising the cost of borrowing makes people poorer, less likely to go out and spend, and that eases demand, meaning — in theory — that prices fall. but it's a tricky balancing act to perform — reining in inflation without hurting the economy too much. let's talk to jackie bowie — head of europe at chatham financial. good to have you with us. no great surprise that rates are continuing to go up, even though, as we said, inflation is starting to ease. that is sort of the problem. the two are
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