rises since december 2021, rate rises since december 2021, that the bank of england's done enough. and with the uk economy now on a knife edge , you had 0% now on a knife edge, you had 0% growth in may. the best thing that bank of england can do now is hold fire to cool their boots and to just sit on the current interest rate of 5. so there has been some protest. there's also not, i would say not a consensus here at all about what the bank of england should do. i think we may have a three way split on the monetary policy committee that does that mean? that that what does that mean? that means that them may vote means that some of them may vote to go from 5 to 5.5. some may vote to go 2 to 5.25. and some of the nine economists on the monetary policy committee in the building behind me, they're the bank of england, may even vote for to be on hold. i think for rates to be on hold. i think on balance , this mark and pip, on balance, this mark and pip, the most likely outcome in just a of minutes even less a couple of minutes or even less than that will be a quarter point rise to 5.25. and if that

does happen, if you've got a £200,000 mortgage on a 25 year repayment term , that's going to repayment term, that's going to add about £30 a month, 3 to £400 add about £30 a month, 3 to £400 a year to your mortgage payments just from that quarter point interest rate rise, if indeed thatis interest rate rise, if indeed that is what happens. >> yeah. and of course, the other thing is that they're going to give indication going to give an indication their as where they see their forecast as where they see things going and whether we'll have rates. it is have more interest rates. it is 5.25. just getting out 5.25. we're just getting out through 5.25, up another quarter of a% as expected for many economists , that's really economists, that's really interesting, mark, you know, because just a couple of weeks ago, a lot of people would have said that the bank of england needs half point rise needs to do a half point rise from 5 to 5.5, given that inflation in the uk is unusually high. >> we're at 7.9% in june and we had that's much , much higher had that's much, much higher than in the eurozone where inflation is averaging 5.5. and inflation is averaging 5.5. and in america 3% repeat 3.

inflation is across the pond. in the us . so we do still have high the us. so we do still have high interest rates and high inflation. i think the fact that inflation. i think the fact that inflation came down from 8.7% to 7.9, it's quite a chunky fall. that means that the bank of england feels it didn't have to raise interest rates by half a point. it'sjust raise interest rates by half a point. it's just gone for a quarter point rise. it'll be interesting to see the language change monetary policy change that the monetary policy committee press committee releases in its press communique will be looking at that at a moment see if there that at a moment to see if there are any clues at all. but for now, it's a quarter point rise to 5.25. the 14th successive interest rate rise in a row since december 2021. and i repeat , if you've got a £200,000 repeat, if you've got a £200,000 mortgage at about 6 or 6.2, 5% or whatever it is, and you're on a 25 year repayment term. this one move today from the bank of england is going to add about £30 a month for about 3 or £400 a year to your mortgage payments. just two days. interest rate rise . so this is

interest rate rise. so this is a serious decision that will affect millions and millions of people . and let us see how quick people. and let us see how quick the banks are to pass on this interest rate rise to savers because they've been pretty sluggish over recent months. >> has this announcement liam nudged us further towards a possible recession . in possible recession. in interesting you say that pip. >> i think if it had been a half point rise from 5 to 5.5, a lot of people would say, my god, the bank of england is trying to almost provoke a recession . a almost provoke a recession. a recession is two successive quarters of negative economic growth . the bank of england, by growth. the bank of england, by the way, in that building behind me, were predicting uk me, they were predicting the uk would go into recession. it hasn't it's been pretty hasn't yet. it's been pretty resilient . our economy was still resilient. our economy was still attracting a lot of inward investment in this country. consumer despite consumer sentiment, despite being by all those being battered by all those interest rate rises, is pretty resilient in this country, as is business investment . but having business investment. but having said that, this quarter point rise will also attract criticism

because it's the 14th rise in a row . some people were calling row. some people were calling for interest rates to be held, including myself. i've been saying that since march or april . given that the rises in interest rates that we've already have work with long and variable lags , it takes a long variable lags, it takes a long time for monetary policy. interest rate rises to feed through, not to mortgage payments but to broader economic behaviour, not least business investment and so on. so i think the bank of england steered a middle ground here between a big chunky 50 basis point rise to 5.5% and keeping interest rates on hold at 5. so it's a quarter point rise. what we expect did, as i say, with a £200,000 mortgage on a 25 year term. today's decision alone will add around £30 a month, around 3 to £400 a year to the mortgage payments of a household while you're speaking, liam, we're watching a pictures of protest outside the bank of england .

outside the bank of england. >> positive money protest leaders who are calling for a windfall tax on banks . we didn't windfall tax on banks. we didn't see such demonstrations last time. there was a rise, did we? >> no, we didn't. and we should be absolutely clear. the pictures that you're seeing that i'm talking over now are they were from earlier this morning where a protest group called positive money came to the bank of england here in threadneedle street in the city of london. if i can just look away for a moment. there are no protests here. now, you can take my word for it. what do those campaigners want? they want to see interest rate rises stalled. i'm sure quite a lot of mortgage holders would agree with them, even if lots people who've even if lots of people who've got savings wouldn't . got savings wouldn't. >> liam, i'm just going to interrupt you because we got details the details coming through from the monetary which details coming through from the morexplained which details coming through from the morexplained is which details coming through from the morexplained is looking which details coming through from the morexplained is looking to which details coming through from the morexplained is looking to who :h you explained is looking to who voted which way. six members of the nine strong committee voting to increase, but two others, jonathan haskel and catherine mann , voted for a half point

mann, voted for a half point increase. so even going further, only one swat duringa, preferring to keep the rate at 5. now that's interesting. there was even a decision or a contention that, you know, it had to go even further . it contention that, you know, it had to go even further. it is. >> and as i predicted, it's a it's a three way split, which is unusual on the monetary policy committee. you've got a member there, a relatively new member from the london school of economics , voting to keep rates economics, voting to keep rates on hold at 5. you've got two other members voting for 5.5% and then you had the majority , and then you had the majority, six of the nine voted to keep rates on hold at 5.25. i think what this shows, mark, when you've got a three way split is there's lots of confusion and uncertainty and that for me, the fact that you had somebody who was prepared to go with what i've been saying to keep rates on hold, which was a heretical point of view until just a few weeks shows that maybe weeks ago, shows that maybe the bank england coming round bank of england is coming round to view that uk interest

to the view that uk interest rates have now peaked . i rates have now peaked. i certainly hope that that's the case much will depend on the latest inflation numbers that come out in couple of weeks come out in a couple of weeks time and particularly also on wage data keeps on wage data. if wage data keeps on throwing out increases on annual bafis throwing out increases on annual basis of six, seven, 8% as it has done in recent months, then the monetary policy committee will be worried that we're still in this wage price spiral right now, at least it's pretty much as expected and including as i just predicted earlier, that three way split, that's a very interesting development indeed and a bit more coming through from them . from them. >> liam, which which we'll talk about. >> liam, which which we'll talk about . but in >> liam, which which we'll talk about. but in terms of their forecasting , they say that forecasting, they say that inflation expected to drop below 5% in the final few months of 2023. that would obviously meet the prime minister's target. they predict that the consumer pfices they predict that the consumer prices index, cpi inflation up 4.9% for the final quarter , but 4.9% for the final quarter, but remain above 2, which is the target until mid 2025. now, what

does that tell us about where the rates may go in these coming months ? months? >> it suggests that the bank of england isn't going to do anything rash between now and then if they're predicting 4.9% across the quarter , that's across the quarter, that's october, november and december. that means by december it could be you know, it could start with a three rather than a four or a five. that prediction from the bank of england will be music to the ears of prime minister rishi sunak, who, of course, is grappling with the knowledge that his personal house is being protested or surrounded by protesters up there in north yorkshire. but he has got this pledge that inflation will fall to half over this year. and of course, when he made that pledge, it was 10.1% back at the beginning of this year. so under 5. and he'll be seen to have fulfilled that one his five fulfilled that one of his five pledges we go into 2024, pledges as we go into 2024, which is going to be almost certainly a general election

year. certainly a general election year . so i certainly a general election year. so i think this suggests that the bank of england feels the inflation reduction is still very high, but it's back on track. so i think if we do see increases in interest rates, they won't be half % increases, they won't be half% increases, 50 basis point increases if there are going to be any more and there may be no more, this may be the peak. if there are going to be more, there'll going to be any more, there'll be quarter point rises, but still to reiterate, this still just to reiterate, this quarter rise, it's less quarter point rise, it's less than people on the monetary than some people on the monetary policy committee wanted , but policy committee wanted, but it still very implications still has very real implications out there across country . a out there across the country. a quarter point rise in interest rates . if you've got a £200,000 rates. if you've got a £200,000 mortgage, i'll say it again over a 25 year term that's currently around six, 6.25. that's going to add £30 odd a month to your mortgage payments. just this rise today, which is 3 to £400 a yean rise today, which is 3 to £400 a year, you know, that's serious money for any family. year, you know, that's serious money for any family . and that's money for any family. and that's why the bank of england needs to think really, really hard about whether or not it's going to raise rates again .

raise rates again. >> liam, thanks very much for your analysis and insight there . we will return to you, but let's hear now from head of let's hear now from the head of the positive money campaign. they've protesting , as liam they've been protesting, as liam mentioned, outside the bank of england today's decision. england before today's decision. >> so the bank of england's relentless hiking of interest rates have caused big bank profits to balloon . the four profits to balloon. the four biggest banks in the have biggest banks in the uk have made nearly £30 billion in profit in the first half of 2023 alone. that's nearly 80% more than the same time last year. this these profits are unearned . they've come about the banks not lift finger. not having to lift a finger. they're direct result of they're the direct result of interest rate hikes by the bank of . so we're calling on of england. so we're calling on the those rate the bank to stop those rate hikes and we're calling on the government to step in and introduce tax on introduce a windfall tax on those bank profits . those big bank profits. >> well, protests falling on deaf because we've that deaf ears because we've had that quarter% is although quarter% rise is although indications that two members of the committee wanted to go a half a% but more reaction coming through. but reflect that through. but let's reflect that those most directly hit are the millions of homeowners and indeed renters across the

country . country. >> yes, some will see their repayments rise, as liam was just saying, as fixed term contracts come to an end. others will face hikes in their rents as landlords struggle to keep up with rising costs . with rising costs. >> let's get more now to our south—east of england. reporter ray addison, who's down in crawley in sussex an estate crawley in sussex with an estate agent there . and obviously agent there. and ray, obviously another rise, but perhaps indicates that things are going to start topping off now . well, to start topping off now. well, that's certainly the hope, because these continuous interest rate rises have been having a huge impact on the housing market, particularly in the south—east, where they've been experience seeing the biggest fall in prices due to these high mortgage rates forcing homeowners to try and get out and get that sort of monkey off their back, if you like , because of the cost of like, because of the cost of their mortgage. according to website zoopla . across the website zoopla. across the region, 8% of homes listed for sale did have reductions of 5%

or more. in the last month in july. now darren greenaway is an owner , the owner of greenaway owner, the owner of greenaway residential. he's been in the trade for 30 years and he joins me now. darren thanks very much for being here. what's your reaction? it's just a quarter of a% is this good news or a step in the right direction? >> it could have been worse , >> it could have been worse, that's for sure. i mean, i was expecting that we might have seen half a% today. a seen half a% again today. so a quarter of a% is a good thing. unfortunately i think it's going to continue putting pressure on the market. the other the housing market. the other side of that, though, is august . so it's going to be naturally quiet hopefully when people quiet as hopefully when people return . it's return from holiday. it's old news, it just depends what's news, but it just depends what's going in the going to happen. in the last quarter going to happen. in the last quesor down. well, it's not >> so it's down. well, it's not down, but it's smaller down, but it's a smaller increase in a series of raises . increase in a series of raises. what are we how has it been affecting the market in crawley overall this year? >> we've seen sustained pressure on the housing market. at the start of the year, the market started slow by the second started to slow by the second quarter, we then started seeing

the reductions in quarter, we then started seeing the we'veeductions in quarter, we then started seeing the we've startedis in quarter, we then started seeing the we've started now in quarter, we then started seeing the we've started now seeing a and we've started now seeing a defined negative trend happening over last few months in over the last few months in terms of the obviously lower pnces terms of the obviously lower prices are good for buyers, but these higher mortgage rates that we're seeing as a result are then sort of reducing the opfions then sort of reducing the options for those who do want to buy and are in a position to buy. >> what are they saying to you when they when they come here to greenaway there have been problems with a lot of first time buyers where they've been worked out their costings and then obviously how much they can afford then when the afford and then when the interest have been interest rates have been increasing, come back increasing, they've come back and said they've had to withdraw from due to they can't from purchases due to they can't afford that mortgage now . afford that mortgage now. >> have obviously said >> and a few have obviously said that need to reduce what that they need to reduce what they're looking price range. >> now you actually run a charitable foundation well. >> now you actually run a chargreenawaydation well. >> now you actually run a chargreenaway foundation. ll. >> now you actually run a chargreenaway foundation. and the greenaway foundation. and you've out that you've been finding out that more people are coming to you needing help and assistance with sort of everyday cost of living type type stuff. >> yeah , most of what we did was >> yeah, most of what we did was at christmas, we're at christmas, but we're now helping families throughout the

year finding your year and we're finding your average working family are just keeping their head above water, are struggling to feed their children obviously buy children and obviously buy school things and school uniforms and things and all the costs are rising across the board and they're just struggling. >> darren, thank you very much for do appreciate it. i've been >> do appreciate it. i've been chatting here as well chatting to people here as well in crawley and it's quite a mix. it seems like half sort it seems like half of sort of paid off their mortgages and don't any left. the don't have any left. and the other half renting other half are just renting because they just cannot because they just simply cannot even getting on the even think about getting on the ladder. even think about getting on the ladder . many crawley residents even think about getting on the ladder me any crawley residents even think about getting on the ladder me they'vevley residents even think about getting on the ladder me they've just residents even think about getting on the ladder me they've just gotients even think about getting on the ladder me they've just got zero telling me they've just got zero chance on that chance of getting on that housing ladder. so they're not even thinking it. even thinking about it. interestingly, one guy was interestingly, one guy who was in his 40s said he works for a bank that's just announced a huge profits . he says they pay huge profits. he says they pay him £0.10 above minimum wage. he's got zero chance of getting on the property ladder. and so he's living at home with his mum. another woman that i spoke to, she's got a fixed rate at the moment. she's got one year left on that. i said to her, well, you know, how are these increases affect you

increases going to affect you when that fixed ends if when that fixed rate ends if they continue ? she said, i'm too they continue? she said, i'm too terrified to even look. so that's some of the comments that we're getting people here we're getting from people here in you very in crawley. ray, thank you very much indeed political much indeed for that political reaction through already. reaction coming through already. chancellor hunt and he is chancellorjeremy hunt and he is saying that the if we stick to the plan, rather the bank forecasts inflation will be below 3% in a year's time without the economy falling into recession. but that doesn't mean it's easy for families facing higher mortgage bills. so we will continue to do what we can to help households, she said. >> has been reaction >> there has also been reaction from the chancellor, from the shadow chancellor, rachel , and she says this rachel reeves, and she says this latest rise will be incredibly worrying for households across britain. already struggling to make ends meet . she says the make ends meet. she says the tory mortgage bombshell is already hitting families hard and responsibility for this crisis lies at the door of the conservatives that crashed the economy and left working people worse off with higher mortgages, food bills and higher taxes. >> well, i think we can bring in

olivia utley down at westminster, our political correspondent and olivia, maybe a little bit of relief for both the prime minister and the chancellor with the forecast from the bank that the inflation figure may well be below 5% for the final months of this year. >> well, absolutely. rishi sunak and jeremy hunt have essentially staked their premierships on getting inflation halved by the end of the year. and last month and the month before, it was looking as though they probably would not achieve that. we saw inflation remaining very, very sticky at about 8. this forecast from the bank will be a huge relief to they say that if relief to them. they say that if we get inflation then we get inflation down, then everything else will follow. but of course, the fact that interest rates have gone up by another 0.25, although of course it could have been 0.5, 0.25% is still pretty bad for those with mortgages . and the prime mortgages. and the prime minister and the chancellor know that the worst hasn't really hit yet. there are people who are coming off their fixed rate mortgages now and we'll have to

get much higher rates. we'll be probably their probably struggling to pay their mortgages ahead. mortgages in the months ahead. but the real impact of this is only going to start to hit at the beginning of next year. prime and chancellor prime minister and chancellor are hoping by the end of are hoping that by the end of next year, not only will inflation have fallen, fallen considerably, but also they're hoping that the bank of bank of england might be beginning to bnng england might be beginning to bring rates down. and bring interest rates down. and it's thought that it is then and only then that they might decide to a general election. once to call a general election. once that pain easing a little that pain starts easing a little bit ordinary households . bit for ordinary households. >> yeah. of the hit to >> yeah. in terms of the hit to people's pocket though , we're people's pocket though, we're looking at the banks report where it issues forecasting. where it issues its forecasting. of the same time, of course, at the same time, food price inflation, which it acknowledges has a particularly large impact on living costs , large impact on living costs, remains extremely high, although they expect it to fall , but only they expect it to fall, but only to around 10% by the end of the yeah to around 10% by the end of the year. so we're still going to be paying year. so we're still going to be paying a heck of a lot more for our grocery bills. >> well, absolutely. so core inflation, which doesn't include

food inflation, is beginning to shrink. but as you say, food inflation is remaining very, very sticky indeed. now, of course, part of that problem is the ongoing crisis in russia. and ukraine, russia and ukraine between them provide a huge amount of wheat. they call the bread basket of europe. and while while that conflict goes on and those supply chains are so heavily disrupted, of so heavily disrupted, then of course , food inflation is going course, food inflation is going to stay high. the government is also sort of trying to what to stay high. the government is alcanort of trying to what to stay high. the government is alcan to of trying to what to stay high. the government is alcan to talkying to what to stay high. the government is alcan to talk t0|g to what to stay high. the government is alcan to talk to super what to stay high. the government is alcan to talk to super markets it can to talk to super markets because there is a worry in some quarters that supermarkets are actually profiting from this. and a and are taking too much profit and that is potentially partly why food prices remain so high, even though core inflation is beginning to shrink. but the government doesn't seem to be having much success there. the prime minister had a meeting with farmers and supermarket leaders last month , but it leaders last month, but it seemed to be more of a sort of pubuchy seemed to be more of a sort of publicity stunt and a good photo opportunity than than opportunity than a than a serious conversation food serious conversation with food providers why food providers about why food inflation so high. but

inflation remains so high. but as you say, that is going to have a serious impact on the pockets of ordinary people. and for far more for most people, it's far more important than core inflation. >> and talking of political pubuchy >> and talking of political publicity stunts , protesters publicity stunts, protesters might be scaling rishi sunak's house at the moment, but he might have some reason to be happy today with this interest rate announcement, mightn't he? because his goal of halving inflation moves ever closer . inflation moves ever closer. >> well, absolutely. and as i say, the government has really staked its reputation on halving inflation. so this is hugely important to rishi sunak. he has argued that, you know, as soon as inflation does go down, then the need for these public sector pay the need for these public sector pay rises, which are the strikes which are sort of crippling the country, will will lessen . so country, will will lessen. so he's been holding out over the last few months. he's now given pay last few months. he's now given pay rises sort of six, 6.5. pay rises to sort of six, 6.5. but he's been holding out against giving sort of rises against giving the sort of rises that the unions have been asking for grounds that once for on the grounds that once inflation starts to go down, then the need to more money

then the need to have more money in pocket will be lower. in your pocket will be lower. and he's argued that inflation, that pay rises that public sector pay rises could be inflationary in themselves. this will be themselves. so this will be very, very good news to the prime minister. but as you say , prime minister. but as you say, not a great day for him personally. he's got away for his first foreign holiday in 4 or 5 years with his family. he's in disneyland his wife and in disneyland with his wife and two daughters. and while he's been there, greenpeace have managed to scale his house black oil, black sheeting has covered pretty much the entire house. and there are questions now, of course, about security around the prime minister's family home. >> indeed. olivia, thank you for that. we'll be putting that to mark white, our home affairs edhon mark white, our home affairs editor, shortly . let's just editor, shortly. let's just bnng editor, shortly. let's just bring you a bit of reaction from the markets this quarter the markets to this quarter point rise. the pound already down this morning. it's weakened further against the dollar, down half a% at 126 to the us dollar, ,1.16. the ftse, it's come back a little down at a little bit. still down at 7517. so the markets are not too impressed. it seems you are

watching and listening to the live desk on gb news with mark longhurst and pip tomson. >> plenty more still to come, including those protesters that have scaled rishi sunak house and a certain former president donald trump, who's set to appearin donald trump, who's set to appear in court later today. we'll bring you the latest. stay with us. >> that warm feeling inside from boxt boilers, proud sponsors of weather on . gb news. weather on. gb news. >> hello, alex deakin here with your latest weather update from the met office for gb news. not quite as wild as yesterday, but a cool cloudy day for most. a bit of sunshine here and there, but there are also a few showers around this low brought the wet and windy weather yesterday. it's but it is it's clearing away, but it is allowing to come down allowing the winds to come down from north, bringing a cool from the north, bringing a cool feel a bit of cloud. feel and quite a bit of cloud. plenty of showers across the highlands and the western isles and scattering of showers and a scattering of showers across and wales could across england and wales could see 1 or 2 heavy ones, but many

places dry for most of places will be dry for most of the day and we'll see a little bit of sunshine here and there, some brightness poking through. a blue sky could a little bit of blue sky could see the see temperatures in the south—east the 20s, maybe south—east into the 20s, maybe 23 or 24, but mostly, again , 23 or 24, but mostly, again, we're high teens, low 20s at best. and feeling cooler with that breeze continuing to bring outbreaks of rain across northern scotland, sprinkling of showers elsewhere could be 1 or 2 heavy ones over eastern parts through the evening and indeed continuing overnight. but elsewhere, places will elsewhere, most places will become dry. we'll keep a fair bit around and bit of cloud around and temperatures mostly hold up temperatures will mostly hold up to 11 to 14 celsius. friday again, dry and bright for the most part. but there will be some showers again, particularly over north—east england initially and then moving south into parts of lincolnshire, east anglia and the south—east. a sprinkling of heavy afternoon showers. but further west , many showers. but further west, many places dry and a better chance of seeing some sunny spells, particularly afternoon particularly in the afternoon for southwest england for wales and southwest england . again, temperatures high teens or 20s goodbye . or low 20s goodbye. >> that warm feeling inside from

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gb news and welcome back to the live desk. >> so former president donald trump to have another day in court later today due to appear before a federal magistrate judge on the most serious

charges he's faced so far. four counts of conspiracy to effectively defraud the 2020 us election result . election result. >> security measures are already being put in place at the barrett prettyman courthouse in washington, dc, which is only a short distance from the us capitol building. the scene of those election riots back in january 2021. well, our gb news reporter paul hawkins is following the story, joins us in the studio. paul tell us what is likely to happen. donald trump is expected to plead, yeah, he will plead. >> he will be there in person. he'll be seen by not the judge that's overseeing the trial. that's tanya chekan. she won't be there instead of be judge mozilla, a upadhya who will read him the charges. the official charges. he'll then enter his plea, which we assume will be not guilty . and then that will not guilty. and then that will be it . potentially. we might be it. potentially. we might hear some more . you never know hear some more. you never know with this hearing, potentially a trial date could be set or it could be early or maybe later on down the line . a trial could be

down the line. a trial could be set. so we may hear we may hear either expected either way, we're expected to see donald trump. >> we i i know there's >> are we i mean, i know there's various entrances to this court, possible. >> it depends what he >> it depends what entrance he takes enters the court. takes when he enters the court. i there's i mean, we know that there's heavy in that's heavy security in place that's been up. us marshals been ramped up. the us marshals service monitoring service also monitoring the security judges barriers security of the judges barriers have placed around the have been placed around the courthouse. those courthouse. similar to those that around capital that were around the capital building the january building where the january 6th riots is just riots took place, which is just a away. yeah. a stone's throw away. yeah. >> interesting that the >> no, it's interesting that the lawyers already been lawyers have already been setting their sort of case setting out their sort of case as regards the trial . when it as regards the trial. when it starts proper and an indication they don't want this to actually go for on any length of time in terms of the prosecution . but terms of the prosecution. but his defence lawyers are saying, well, no , we need to look at well, no, we need to look at this more carefully. and of course it all ties into this timetable that goes alongside the political timetable heading towards the us presidential campaign . campaign. >> yeah, in the words of jack smith, want to speedy smith, they want to speedy trial, that's the trial, right? that's what the prosecutor lawyers prosecutor wants. his lawyers are time to

are saying we need time to gather it's going gather evidence. it's going to happen and of happen too quickly. and of course, factoring into that will be the election year. be the election next year. and it's a packed it's going to be a packed timetable . you've got the timetable. you've got on the 23rd august, first 23rd of august, the first primary wisconsin . primary debate in wisconsin. then you've then got a civil fraud in october, then fraud lawsuit in october, then if we go forward to the first big political event of next year in the run up to the election in november, you've the iowa november, you've got the iowa caucuses same day as a caucuses on the same day as a civil lawsuit. that's the e jean carroll defamation lawsuit taking place on first on the first day, as we see the that's that's the charge sheet that we're seeing now, the 45 page document that was published by jack smith yesterday. >> and as you touched on it, it's not just this procedure in terms of what the most serious charges is. he's got a lot on his plate to try and clear through. and one wonders, therefore , how much time and therefore, how much time and energy he's got to actually campaign for the presidency. >> he's 77. »- >> he's 77. >> yeah. >> yeah. >> yeah. >> yeah , yeah, yeah. and that's >> yeah, yeah, yeah. and that's going to take its energy out of

anyone, isn't it? it's so much energy and time . one would say energy and time. one would say that certainly in terms of the primaries, the republican primaries, the republican primaries, he's way out in front . and clearly his ongoing civil and federal lawsuits are going to suck up all the oxygen, even if you're not talking about him being, you know, and leave very little time for actually talking about issues, which he about other issues, which he could turn into a narrative of being the victim. yeah, exactly . yeah. we're wasting time talking this. should talking about this. we should be talking about this. we should be talking issues. talking about the real issues. and victim of and of course, i'm the victim of what you know, what he calls, you know, a political hunt. and the political witch hunt. and the fact this is fact that this this is politicised we should politicised and we should remember that judge that remember that the judge that will the trial is will be overseeing the trial is an appointed judge. an obama appointed judge. it will heard in washington will be heard in washington where a hugely democrat where which is a hugely democrat city. so the vast majority of the jury, whatever is selected, will be democrat leaning. and so that opens them up to accusations that this whole process is politicised to sort of muddy the waters even further. >> yeah, one of the most significant witnesses could be mike pence , his former vice mike pence, his former vice president .

president. >> yeah, mike pence. i'll tell you what, we'll hear from him in a moment. but first of all, i just want to play a clip of donald trump jr. he was speaking to nigel farage last night and he talking the he was talking about the politicisation and the timing of the release of the charges. and here's what to say. here's what he had to say. >> indictments >> strangely, the indictments always fall day after our always fall a day after our information about joe biden. credible information comes out. the fbi, joe biden linked to $10 million bribery scheme for burisma next day trump indictment number one. right? hunter biden, information leak, sweetheart deal comes out, yadda, yadda, yadda. next day, we're going to add on to what's going on with trump. i mean, yes , today, same thing. devin archer, hunter biden's best friend , joe biden, took part in friend, joe biden, took part in 20 plus phone calls . he knew 20 plus phone calls. he knew about it. he was the big guy. he had 10, yadda, yadda , yadda. the had 10, yadda, yadda, yadda. the next day, another indictment . i next day, another indictment. i mean, are we going to believe that this is all coincidence at this point? it's become so commonplace. it's like taco

tuesday. so is yada, yada, yada. >> one of the charges on the sheet is one of the. >> no, it's not one of the official charges, but but but his point is the timing of this is all about the politics of it . in terms of mike pence, that's the charge of conspiring and attempting to obstruct an official proceeding, that being the certification of the vote. mike pence, apparently there was a couple of phone calls over christmas and new year 2022, 2021. and during those phone calls, donald trump said, look , calls, donald trump said, look, please don't certify the elected. and he said, i don't have the authority. and the retort from donald trump was that you're being too honest. >> thank you very much indeed. 4:00 us time, 9:00 tonight, he'll due to appear in that court. and of course, all the security before that. more as we get it from the states, but more as we're getting it now here back in britain on that quarter % rise in interest rates. >> yeah, we can now hear from the shadow chancellor of the exchequer, rachel reeves as well

i >> -- >> the rate rise that we've seen today is just another hammer blow to families across the country who are seeing their mortgages increase . and when it mortgages increase. and when it comes to remortgaging , at the comes to remortgaging, at the moment, a family that's looking to remortgage their property is going to be paying on average more than £200 extra every single month. and for some people, it's much more than that . now, of course, the bank of england have independence and that's as it should be. but the government needs to take responsibility for the fact that inflation in the uk is much higher than it is in comparable countries. in the us, it's 3. in the eurozone it's 5.3. and yet here in britain, inflation is stubbornly high at 7.9% because of a decade or more of mismanagement by the conservative party. >> you say that, but there are big spending commitments in recent years. >> which of those do you disagree with? because you'd be happy for us to have a big expensive furlough package, to have pnce expensive furlough package, to have price guarantee . have an energy price guarantee. we haven't seen you oppose any

tax freezes tax cuts. so tax freezes or tax cuts. so where have you been? well, there are three things that the government should have been doing that labour would be doing right and get right now to try and get inflation under control. >> our anti—inflationary measures include boosting our energy security by investing in home grown, renewable energy and insulating homes to get down people's bills. sorting out the brexit mess to reduce prices in our shops because extra bureaucracy and checks at the borders are pushing up prices for uk consumers. borders are pushing up prices for uk consumers . and also we for uk consumers. and also we need to help more people get back to work after the pandemic. but one thing government could be doing right now is making the mortgage support, forcing the banks to make that mandatory. at the moment it's a voluntary scheme. hundreds of thousands of people risk slipping through the net and not getting the support they need. and the government should expand the windfall tax on profits energy on the huge profits that energy giants making . those are two giants are making. those are two things government doing things government could be doing right some of the right now to ease some of the pain for people by closing the

loophole windfall tax loophole in the windfall tax only a relatively small only raises a relatively small amount of money. >> and on mortgage help, your policy is effective the same as the government. you're asking people to go to interest only or to have big long mortgages . i to have big long mortgages. i mean, would you want a 36 year mortgage? >> so i think the package of measures that labour are putting forward are quite substantial. first of all, we could raise something like £10 billion more more by extending the windfall tax, including closing those loopholes which is a huge giveaway to the energy companies that are already making huge profits. and that money could help people right now with their gas and electric bills. although it's summer now , we'll soon be it's summer now, we'll soon be going into the autumn and winter and people really notice those higher bills and on mortgages , higher bills and on mortgages, our package of measures would be mandatory, not voluntary . and we mandatory, not voluntary. and we need to force the banks and the lenders to give the support to customers that they need. look, nobody wants to extend the term of mortgage or go to

of their mortgage or go to interest only. so that's rachel reeves, chancellor reeves, the shadow chancellor giving her reaction. just to remind bank of england remind you, the bank of england committee, voting committee, six members voting to increase the base rate by a quarter% to others, wanted a half point increase . no one half point increase. no one wanting to keep it steady at 5. what about the governor well, this is andrew bailey's reaction i >> -- >> price inflation fell further to 7.9% in june . that was what to 7.9% in june. that was what we expected to see. and that's good news. an inflation will, we believe, continue to fall over the coming months . that reflects the coming months. that reflects the coming months. that reflects the fact that monetary policy is restrictive . it's working to restrictive. it's working to bnng restrictive. it's working to bring inflation down. our job is bring inflation down. ourjob is to make absolutely sure that inflation falls all the way back to the 2% target and stays low . to the 2% target and stays low. so today we've increased bank rate by 0.25 percentage points to 5.25% low and stable inflation is the foundation of a healthy economy . high inflation

healthy economy. high inflation huns healthy economy. high inflation hurts the least. well off the most . the projection that we most. the projection that we present today is very much in two parts. i'm going to begin with the first part, which is the near term outlook for inflation over the remainder of this year will then turn to the second, which is the medium term outlook. implication for outlook. and the implication for monetary policy . for starting monetary policy. for starting with the near term outlook . this with the near term outlook. this chart shows the evolution of consumer price inflation in and its components since 2018. it shows that inflation has come off the peak in october last year and that it continues to fall over the rest of this year. in our near term projection . in our near term projection. that's the piece shown in the shaded part of the chart. now this all can be attributed in large part to a fall in contribution from energy. fuel pnces contribution from energy. fuel prices have declined and electricity and gas prices have stabilised, albeit at a higher level . level.

>> so this is andrew bailey , the >> so this is andrew bailey, the governor of the bank of england, talking to reporters, giving his forecast on inflation. but elsewhere , if we can say in the elsewhere, if we can say in the real world, things is not so clear. it seems . yeah. clear. it seems. yeah. >> high street retailer wilko has said it's filed a notice of intent to appoint administrators. now that could put around 12,000 jobs at risk. its chief executive officer, mark jackson , says, we have had mark jackson, says, we have had a significant level of interest , including indicative offers that we believe would meet all our financial criteria to recapitalise the business. but we do not today have an offer that provides the necessary liquidity in the time we have available . while wilko, under available. while wilko, under huge financial pressure, 12,000 jobs could be at risk. >> so that's the indication of what's actually happening out there in the high street and in there in the high street and in the real economy. but more reaction coming up on the bank of england. interest rise of england. interest rate rise and we'll be heading to the prime minister's manor house and find out who he's got visiting

him and why they're doing that . him and why they're doing that. more coming up

welcome back to the live desk here on gb news with greenpeace activist we believe still on the roof of the prime minister's manor house. they've been there since about 6:00 this morning saying they're going to hold firm for now. there they are.

protests at the uk's oil drilling practise. and of course, that latest announcement from the governor, from the government campaigners, they scaled the wall at rishi sunak private home, the walls of his mansion that is draping that massive oil black piece of fabnc massive oil black piece of fabric over it. >> mr sunak and his family are currently away on holiday in california, but this has raised a massive security concern over the protesters access to the estate, home and security editor mark white joins us in the studio. i think greenpeace was saying we made sure the prime minister and his family were on houday minister and his family were on holiday and not at home when we did this, which makes it so much better, doesn't mark? better, doesn't it, mark? >> very obliging of them, i think, you know, regard less of whether is in whether the prime minister is in residence not, given the residence or not, given the sensitive nature of the property. it is a property owned by the leader of the country for eco activists to be able to gain access and to get up onto the roof. there's no doubt that there is a significant security

failing here. mark said that they've been up there since six, according to north yorkshire police. he said they were made aware two hours later, 8:00. so we'll have to try and actually get to the bottom of that. but one of the activists up there on the roof has been speaking , the roof has been speaking, posting that on social media. this is what they said. we're all here because rishi sunak has opened the door for a new drilling frenzy in the north sea. >> while large parts of our world are literally on fire, this will be a disaster for the climate . it won't lower your climate. it won't lower your energy bills . it's not going to energy bills. it's not going to boost our energy security . we boost our energy security. we the only people that are going to profit from this at all are the big oil companies. >> mark, clearly for prepared it. climb equipment, hard hats , it. climb equipment, hard hats, all the gear we had the line from north yorkshire police. we are responding to reports of protest activity . we they protest activity. we they weren't there. they didn't get there for a very long time. and there for a very long time. and the former deputy chief constable peter walker, saying

absolutely astonished by this. >> i think it's unimaginable that if you look to the united states, for instance , that the states, for instance, that the us president, the vice president, other key figures wouldn't have secret service details at all of the properties unked details at all of the properties linked to these individuals closer to home in france, even the french president , all of closer to home in france, even the french president, all of his properties would be guarded . and properties would be guarded. and now it's not just, okay in this occasion, it's eco activists . occasion, it's eco activists. but what if it was state actors , people with more nefarious ideas of mind? you know , ideas of mind? you know, planting listening devices or whatever they booby traps. >> so as the deputy chief constable has said, who knows what they might have planned ? what they might have planned? >> but the fact that there doesn't seem to be security doesn't seem to be any security presence around there as far as we know, we've been hearing from the deputy prime minister actually just in the last hour, oliver dowden , this is what he oliver dowden, this is what he said. these people would say, can you stop the stupid stunts? >> actually , what they want to >> actually, what they want to see from government is action. >> the question is, do we produce it here where we get

more tax, we create more jobs , more tax, we create more jobs, or do we do what the labour party and others say, which is say no more investment in our nonh say no more investment in our north sea oil and gas. >> that means fewer jobs here and reliance on less stable and more reliance on less stable energy, which is shipped into this country. >> i don't think that's a sensible approach and it's not one this government is going to take. >> i'm less interested in who these protesters are and what they're protesting about. then this whole security issue, this is somebody's doesn't is somebody's home, doesn't matter whether prime matter whether it's the prime minister private person. minister or a private person. it is it is an is their home. it is an intrusion. i find it absolutely outrageous that there was no police there. >> and there also an >> yeah. and there is also an issue of a very serious issue of just how vulnerable politician actions are back in their own constituency day to day . we saw, constituency day to day. we saw, of course, with david amess murder , with the murder of jo murder, with the murder of jo cox , that in order to be cox, that in order to be accessible, then there is often accessible, then there is often a security weakness surrounding these individuals. but that's

ordinary mps you're talking here about the prime minister you would expect that there would still be a level of security 80 around his home to be able to respond quickly and effectively to anyone trying to breach the property of that individual for fortunately, of course, they've trespass . but that's not trespass. but that's not a criminal offence , it is a civil criminal offence, it is a civil offence and they're probably not going to go up there and remove them . they'll wait until the them. they'll wait until the greenpeace protest . others have greenpeace protest. others have made their point and eventually get tired and come down. >> indeed, mark, thank you for that. we'll continue to monitor the situation north yorkshire police officers police saying our officers are at the scene managing the situation. provide situation. we'll provide a further update in due course . further update in due course. >> now back to our top story now. the bank of england raising interest rates a quarter interest rates by a quarter percentage point to 5.25. well, gb news wants to know exactly how this affects you. so we have pulled together a people's panel to find out . let's cross over to to find out. let's cross over to number 10 cafe and restaurant .

number 10 cafe and restaurant. in chesterfield, where east midlands reporter will hollis is with our panel. will quite coincidental the name of this restaurant that you're at today of all days ? yeah of all days? yeah >> and this is one number 10. but the prime minister isn't here. if you don't know where chesterfield is, put a pin bang in the centre of the country. and that's pretty much where chesterfield is, 130 miles north of the bank of england, where those decisions about interest rates are being made . and rates are being made. and of course got fantastic course i've got my fantastic people's panel here, the people's channel. you need a people's channel. you need a people's panel. joss, we've been talking little bit about those talking a little bit about those interest rises. you interest rate rises. you have a small business in design . is small business in web design. is it be raising interest it right to be raising interest rates from your opinion? >> my personal opinion , no. it's >> my personal opinion, no. it's a time at the moment. a wrong time at the moment. there's been about eight raise in the last 12 months. now for any impact on interest rates. you've got to wait at least 18 months until you can spot the effects. so why are they raising

it? once again , this is a it? once again, this is a continuous now over the last 12 months and it's just getting worse and worse and worse . worse and worse and worse. >> and it's getting worse and worse and worse for people with mortgages like you, paul, paul, you work for the local nhs . and you work for the local nhs. and what going to how what is this going to how is this to going affect your mortgage and how it paying mortgage and how is it paying that the moment that mortgage at the moment right. honest. right. it's quite honest. it's frightening bet it's frightening. i bet it's frightening. i bet it's frightening quite few frightening for quite a few people. it's the money. people. and it's the money. it's, let's say people on low wages and it's finding the money to do things with. i think it's going to affect like especially small businesses and it's going to affect people's well being as well because they're not going to be able to get out because i've not got the money to go for like even like a simple coffee or even to cinema. or even a trip to cinema. people's to save and say, people's got to save and say, oh, can we afford to do this? can we afford not to do and can we afford not to do it? and it's frightening and it's just very frightening and is you're asking is that a question you're asking yourself, do yourself, can i afford to do this right now because i've got a definitely. a mortgage to pay? definitely. 100, were talking about 100, 100. you were talking about disposable income. disposable

income the of thing that income is the kind of thing that keeps isn't keeps your business going. isn't it, theresa? it's a family business, a cafe, and you make pasta sauces , interest rate pasta sauces, interest rate rises and people having less money. what does that mean for you? a local business here in chesterfield, obviously it's going to be difficult. >> , people just won't have >> again, people just won't have that extra little bit of cash that extra little bit of cash that they can spend on going out for a nice meal, enjoying a nice evening out . they just won't evening out. they just won't have that extra little bit to have that extra little bit to have a good time . and obviously have a good time. and obviously it's only a small town in chesterfield. i rely on lots of regular customers and if they're going to be affected by this interest rate , they just will interest rate, they just will think twice about coming out. >> your cafe is the destiny , >> your cafe is the destiny, ann. it's the place where people are going out to. but before you go out, of course, you need to get your hair done. you need to get your hair done. you need to get nails done. and sam, get your nails done. and sam, you a salon recently in you started a salon recently in the year, tough year to the last year, a tough year to be it. and even be doing it. and it's even tougher today because that tougher today because of that interest oh

definitely. >> last april, had the >> last april, i had the electric and gas and everything go electric and gas and everything 9° up electric and gas and everything go up . so that was the first hit go up. so that was the first hit i got. then like like you say, interest rates are going up, which is going to cause people to not be able to pay the mortgages stuff, which mortgages and stuff, which if they pay mortgage, they can't pay the mortgage, they're going come and they're not to going come and have done. they're not to going come and havand done. they're not to going come and havand people e. they're not to going come and havand people still getting >> and are people still getting their at moment their hair done at the moment or are noticing fewer people are you noticing fewer people are you noticing fewer people are coming out to get those luxuries, ultimately luxuries, which is ultimately having your roots done or some nice nails? >> people are still >> i think people are still having . they just having it done. they just obviously either picking obviously they either picking it for special events or they are stretching it basically . so stretching it basically. so instead of 6 to 8 weeks, it might be 10 to 12, which obviously for me that's a cash flow straight away, which then affects me . affects me. >> it's a really tough time. let's go right back down here because you own a business as well. it's a small business doing web design. people are going in maybe a little bit less often to their nails done. often to get their nails done. are the way that are people changing the way that they do things that are really important their business, important for their business, like the digital age?

definitely. i mean, like i >> definitely. i mean, like i work at a business to business and businesses need to be able to budget and forecast their expenditure across the next 12 months, etcetera , etcetera. if months, etcetera, etcetera. if they cannot budget because they don't know what the rates are going to be in two months time and more expenses and more outlays , then how can they plan outlays, then how can they plan projects and further investment is. >> paul you work at the nhs, as you say. you've also got a couple of kids, so your mortgage is really important. how is it for your extended family ? you for your extended family? you know, in chesterfield, is everybody able to pay for the things that they need? or as a dad, are you having to help them out a little bit more than young people would ultimately like? yeah, i if anybody's got children, help them yeah, i if anybody's got chilanyway. help them yeah, i if anybody's got chilanyway. but help them yeah, i if anybody's got chilanyway. but yeah, help them yeah, i if anybody's got chilanyway. but yeah, everybody out anyway. but yeah, everybody struggling everyday life. struggling it's everyday life. it's with rates going up. it's simple things like food or anything and it's just everybody just struggles and it is getting very, very frightening , very, very frightening, especially with people on low

incomes . tereza one of the incomes. tereza one of the things that we've talked about this morning is the bank of england are trying crush high england are trying to crush high inflation interest inflation by raising interest rates so have less money. rates so people have less money. you need people to come in and spend money, but if they don't have the what does that have the money, what does that mean your business? what do mean for your business? what do you from your you need right now from your customer? that them customer? do you want that them to coming in or you get to be coming in or do you get that they've to save their cash? >> well, obviously be a bit of both , but you know, i'm just i'm both, but you know, i'm just i'm just really grateful that i've got good, loyal customers and they keep coming back again. and again. and with prices going up, i'm trying not to put my prices up too much so my customers will come back again. it'sjust up too much so my customers will come back again. it's just a very difficult balance at the moment. very difficult, but it's fantastic to have loyal customers. >> but people are having a tough time . chesterfield what's it time. chesterfield what's it like ? is the money still going like? is the money still going around or is everybody having a tough time? i think everybody's having a tough time. >> i said like gas

>> like i said before, like gas and electric going up. obviously, mortgage rates obviously, your mortgage rates are today. so it's are going up today. so it's going to affect everybody like we've said before, less disposable income, which that's what we me and teresa need people with disposable income. really, it's hard. i really do feel for people. >> there is a lot of people spending their money in chesterfield today because there is a massive flea market of course not in here. we're just talking about interest rates and coffee and shooting the breeze, which be doing the which we'll be doing for the rest afternoon because rest of the afternoon because we're not going anywhere. >> thank you very much >> well, thank you very much indeed that. but an indeed for that. but an indication of just tough indication of just how tough it is the high street. is out there in the high street. wilko, the high street retailer, going administration, going into administration, 12,000 jobs and 400 stores are at risk . at risk. >> yeah. do stay with us. more on that . plus, donald trump in on that. plus, donald trump in court protests as scaling rishi sunaks house. we are right across it. see you shortly . across it. see you shortly. >> the temperatures rising, boxt solar the proud sponsors of weather on . gb news.

weather on. gb news. >> hello, alex deakin here with your latest weather update from the met office for gb news. not quite as wild as yesterday, but a cool cloudy day for most. a bit of sunshine here and there, but there are also a few showers around this low brought the wet and windy weather yesterday. it's clearing away, but it is allowing to come down it's clearing away, but it is allovthe to come down it's clearing away, but it is allovthe north, to come down it's clearing away, but it is allovthe north, bringing�*me down it's clearing away, but it is allovthe north, bringing a e down it's clearing away, but it is allovthe north, bringing a cooan from the north, bringing a cool feel and quite a bit of cloud. plenty of showers across the highlands western isles highlands and the western isles and showers and a scattering of showers across england and wales could see 1 or 2 heavy ones, but many places will be dry for most of the day we'll see a little the day and we'll see a little bit of sunshine here and there, some brightness poking through, a blue could some brightness poking through, a temperaturesa could some brightness poking through, a temperatures in could some brightness poking through, a temperatures in the zould see temperatures in the south—east into the 20s, maybe 23 or 24, but mostly, again , 23 or 24, but mostly, again, we're high teens, low 20s at best, and feeling cooler with that breeze continuing to bring outbreaks of rain across northern scotland , sprinkling of northern scotland, sprinkling of showers elsewhere could be 1 or 2 heavy ones over eastern parts through the evening and indeed continue overnight. elsewhere, most places will become dry. we'll keep a fair bit of cloud

around and temperatures will mostly hold up to 11 to 14 celsius. friday, again in dry and bright for the most part. but there will be some showers again, particularly over northeast england. initially and then moving south into parts of lincolnshire, east anglia and the south east. a sprinkling of heavy afternoon showers, but further west many places dry and a better chance of seeing some sunny spells, particularly in the for wales the afternoon for wales and southwest again, southwest england. again, temperatures or low temperatures high teens or low 20s goodbye . 20s goodbye. >> the temperatures rising, boxt solar proud sponsors of weather on .

gb news. >> good afternoon. it is 1 pm. and you are watching the live desk here on gb news. coming up this thursday lunchtime as interest rates go up once again. >> one of britain's major retailers announced they're going into administration 12,000 jobs for hundred stores at risk. is it all too high a price to pay is it all too high a price to pay to tackle . inflation pay to tackle. inflation >> greenpeace protesters are still on the roof of the prime minister's house in north yorkshire. as a former deputy chief constable says it's a major security failing and he's absolutely astonished by the breach . breach. >> donald trump to appear in court again today to face his most serious charges so far, four counts of conspiracy to

defraud the election. the security barriers already in place in washington . place in washington. >> plus, on your bike . that's >> plus, on your bike. that's according to the work and pensions minister who is urging the over 50s to consider delivering takeaways to maintain their lifestyle into old age . a their lifestyle into old age. a food for thought. we'll be talking about it shortly. before we start, though, here's all your headlines rhiannon . pitt. >> thank you. good afternoon. it's 1:01. your top stories from it's1:01. your top stories from the gb newsroom. the bank of england has raised its interest rate for the 14th time in a row. it's increasing from 5 to 5.25, the highest base rate since 2008. the bank says it expects inflation to be halved by the end of the year. one of the

government's key priorities . but government's key priorities. but the increase piles yet more pressure on borrowers and mortgage holders. shadow chancellor rachel reeves says the government needs to take action. well the rate rise that we've seen today is just another hammer blow to families across the country who are seeing their mortgages increase . mortgages increase. >> and when it comes to remortgaging , at the moment, remortgaging, at the moment, a family that's looking to remortgage their property is going to be paying on average more than £200 extra every single month. and for some people, it's much more than that . now, of course, the bank of england have independence and that's as it should be. but the government needs take government needs to take responsibility for the fact that inflation in the uk is much higher than it is in comparable countries . countries. >> well, that is high street retailer wilko says it plans to appoint administrators was putting around 12,000 jobs at risk . the boss of the homeware risk. the boss of the homeware chain says it expects to go into insolvency after failing to secure a takeover to help the

business with mounting cash pressures. wilko which has around 400 shops, filed a notice of intention to appoint administrators at the high court . the prime minister says he won't apologise for supporting new oil and gas exploration after greenpeace activists scaled his yorkshire home, draping it in black fabric in protest of the policy. rishi sunak granted more than 100 new licence leases for oil and gas extraction in the north sea. the campaigners say they've taken action to drive home the dangerous consequences of the move. deputy prime minister oliver dowden has defended the government's plans . government's plans. >> most people would say, can you stop the stupid stunts? actually what they want to see from government is action. the question is do we produce it here where we get more tax, we create more jobs, or do we do what the labour party and others say, which is say no more investment in our north sea oil and gas. that means fewer jobs

and gas. that means fewerjobs here and more reliance on less stable energy which is shipped into this country. i don't think that's a sensible approach and it's not one this government is going to take. >> well, alex wilson from greenpeace says the prime minister needs to choose a side i >> -- >> we're all here because rishi sunak has opened the door for a new drilling frenzy in the north sea . while large parts of our sea. while large parts of our world are literally on fire, this will be a disaster for the climate . it won't lower your climate. it won't lower your energy bills. it's not going to boost our energy security. the only people that are going to profit from this at all are the big oil companies. >> the deputy prime minister says asylum seekers will arrive onto the bibby stockholm barge in the coming weeks. the first group of migrants was originally scheduled to move into the controversial accommodation in portland, in dorset on tuesday. the delay was caused by issues surrounding the health and safety of port workers, not fire safety. oliver dowden says he's confident the problems can be

addressed after firefighters warned the vessels a potential death trap . the prime minister death trap. the prime minister says the government's pay offer to doctors is fair and final. writing in the daily express, rishi sunak says there'll be no more talks on this year's pay, calling the latest offer very generous. he's called the nhs an institution the uk's rightly proud of and praised healthcare staff across the country. mr sunakis staff across the country. mr sunak is urging doctors to call off their strike as the science secretary has accused a labour mp of misleading the public after he shared a fake image of the prime minister. mp for hull east karl turner posted a doctored picture showing rishi sunak at a beer festival with a badly pulled pint and a woman seemingly looking on disapprovingly. michelle donelan has described sharing the deep fake image. pretty desperate stuff by labour. mr turner later said he hadn't realised the image was a fake . the average

image was a fake. the average price of a litre of petrol rose for a second consecutive month in july. the rac found a litre of unleaded now costs 140 £0.05 up of unleaded now costs 140 £0.05 ”p by of unleaded now costs 140 £0.05 up by a penny since the start of the month and up by £0.02 since the month and up by £0.02 since the start of june. the wholesale price of petrol rose by £0.06 a litre in the middle of july, following hikes in oil costs, meaning further rises are likely . diesel, meanwhile, remained the same . and viewers are the same. and viewers are switching off traditional television at record rates . television at record rates. that's according to a new ofcom report . the watchdog found the report. the watchdog found the number of people watching a programme on broadcast tv each week dropped from 83% in 2021 to 79% last year. that's the biggest fall since records began . the declines as a result of increase in competition from streaming sites, as well as losing younger viewers to social media platforms , claims this is media platforms, claims this is gb news across the uk on tv, but

also in your car, on digital radio and on your smart speaker by simply saying play gb news now it's back over to mark and . pip >> welcome back to the live desk on gb news. the bank of england have hiked interest rates for the 14th time in a row, bringing the 14th time in a row, bringing the base rate up from 5% to 5.25. chancellor jeremy hunt 5.25. chancellorjeremy hunt says sticking to plans will bnng says sticking to plans will bring inflation forecasts to below 3, while saying he will continue to help mortgage owners. >> shadow chancellor rachel reeves saying it's another hammer blow for struggling households. and to underline the problems for struggling high streets retailers, wilko in the past hour announcing they go into administration 12,000 jobs, 400 stores at risk. let's bring in our economics and business editor liam halligan at the bank

of england . liam, just on this of england. liam, just on this wilko announcement, i mean, we've got andrew bailey, the bank of england governor, saying this is having effect, bank of england governor, saying this maybe1aving effect, bank of england governor, saying this maybe ravir quite effect, bank of england governor, saying this maybe ravir quite the ct, bank of england governor, saying this maybe1avirquite the effect but maybe not quite the effect they of they wanted in terms of businesses . businesses. >> well, let's just take a breath here because wilko , that breath here because wilko, that high street perennial as you say, 400 stores across the uk, 12,000 jobs, they're actually saying precisely they're going to file a notice of intention to appoint administrators. that doesn't mean that they've appointed administrators. this is often what happens when businesses are struggling. they talk about filing a notice of intention to appoint administrators in order, frankly, to bang the drum and say to the rest of the business world, we need money. we're basically for sale. this is what happened with the high street chain, the fashion chain joules, when it was rescued by next towards the end of last year. next took about 100 of joules stores , a much, much smaller , if

stores, a much, much smaller, if you like, business to digest than wilko would be. but it meant that most of the workers at joules didn't in fact lose their jobs. at joules didn't in fact lose theirjobs. i'm not saying that there's a rescue, a kind of white knight, if you like, to use an old fashioned phrase, waiting in the wings for wilko. but what i am saying is that they haven't yet appointed administrators . administrators. >> yeah, the chief executive, mark jackson , however, saying we mark jackson, however, saying we expect to enter insolvency because of what he described as mounting cash pressures. and of course it is an indication on about not just people with mortgages, it's businesses who've had to borrow as well, are paying a much higher price for what their debt was . for what their debt was. >> yeah, well, any ceo doesn't put his business up for sale and tell the world that it's about to. it could collapse lightly. so he's going to be using some strong language because wants strong language because he wants another buyer to that's another buyer to come in. that's how works . but clearly how business works. but clearly what's happening here is that a chain like wilko in many high

streets up and down the country, known for their discount offerings, known for their sort offerings, known for their sort of cut price home furnishings and so on, they will be suffering. they're suffering because consumer sentiment has been dented severely by now, 14 successive interest rate rises . successive interest rate rises. they'll be suffering because as they would say, business rates their taxes , that businesses pay their taxes, that businesses pay high street businesses on the rateable value of their premises, whether they rent or own those premises. and of course, the online retailers don't pay those business rates because they work in cyberspace. that's why many people have said there should be a kind of online sales tax to try and level the playing field. but this is clearly a blow. wilko is a known and loved high street brand up and loved high street brand up and down the country, not at least in the midlands and across the north of england, rather than in the south of england. so much . but this is a worrying much. but this is a worrying development and i'm sure that when mark jackson, the chief executive of wilko , made this

executive of wilko, made this decision to go public at a moment when he knows that every economics and business editor in town is at work and focussed on being on the television and on the radio. and so on. this is clear , clearly a cry for help clear, clearly a cry for help from a major british business with 12,000 employees. as we've been saying , with 400 retail been saying, with 400 retail outlets across the country . and outlets across the country. and they will be looking for a rescue deal, just like the rescue deal, just like the rescue deal, just like the rescue deal when the high street clothing giant next bought joules. the fashion retail chain, in december last year. so let's see what happens. let's see if they actually do go into administration. let's see if something emerges from the woodwork because it's not just the 12,000 employees of wilko who will be wondering, many of them women, many of those part time jobs that help hard pressed families to buy their extras and so on. the little treats and so on. let's see what actually happens here. but clearly it's big news wilko have made big news that wilko have made this statement . this statement. >> yeah, millions of people will have a wilko in the where

have a wilko in the town where they live. you very much, they live. thank you very much, liam, for your analysis there. now let's get the reaction of finance expert and co—founder of raisin uk, kevin montford . let's raisin uk, kevin montford. let's start off, kevin, just by asking you about this rise in interest rates today by a quarter% andrew bailey the bank of england governor, has been giving a press conference and he is saying the economy is expected to grow. but it sounds like from today's forecast it will be growing slowly . growing slowly. >> yes, i mean , this is the, as >> yes, i mean, this is the, as you say , 14th consecutive rise. you say, 14th consecutive rise. >> the highest we've had for around about 15 years. and i think this has always been the challenge that , you know, challenge that, you know, inflation increases as one of the blunt tools or instruments. the bank of england has to impact on inflation. but it's a fine line because of also the impact it can have on the economy. so we're seeing wage demands to counter inflation same time cost of borrowing going up and as we've just heard

about wilkos, i'm not saying it's the only reason , but it's it's the only reason, but it's still going to play a part in the way that consumers are shopping . so fine balance shopping. so fine balance between trying to suppress the demand for products and services by increasing interest rates at the same time not stifling the economy. so i think it's fine for andrew bailey to say, you know, the economy will grow , but know, the economy will grow, but when will that start to happen and at what rate? yeah >> and of course, monetary policy, interest rates, pretty blunt instrument. i mean, he says it is having an effect and pay says it is having an effect and pay growth basically may be affected. but he's also saying that food inflation is still expected to be at 10% by the end of the year for most people's pockets. it's still to going be really tough each day . really tough each day. >> yeah, and i think this is the biggest problem we've had. yes. the inflation issue is a global one, but it's impacting on people, on on all sides. you've just referred earlier that petrol prices have gone up again. i think there are also

kind of dark clouds around the ongoing invasion of ukraine in russia reneging on the grain deal russia reneging on the grain deal. i understand that there's problems possibly in india with the production of rice, etcetera. so there are still factors playing into the global inflation. some will argue that inflation. some will argue that in the uk the bank of england could have acted sooner and been a bit more forceful with interest rates earlier on in the process. but as i say , it's process. but as i say, it's a balance between driving down inflation and managing the economy. but yeah, i mean there are kind of difficult times ahead. i mean, the only other thing outside of business and i was listening to some of your your people's panel earlier, there was representatives there from businesses and obviously consumer shares and just a quick thought we had jeremy hunt, consumer shares and just a quick thought we had jeremy hunt , the thought we had jeremy hunt, the chancellor, saying we will continue to do what we can to help households. >> i mean , what else can the >> i mean, what else can the government do? what else should

the government be doing? >> as i say, there's >> well, as i say, there's winners and losers. so from a savers point of view, then the one thing that we need to do is ensure that people are getting the best they can the the best return. they can on the savings. saw the savings. and we saw the financial conduct authority this week telling the banks to start being a bit fairer from a borrower point of view. there was also the mortgage charter which was a consequence of the main industry representatives meeting again, governments and regulators. and that charter meant that there are initiatives to try and soften the blow. the last thing anybody wants is repossession of houses, etcetera. so if anybody is struggling, first thing you do is speak to your provider , is speak to your provider, whether it's an extending of the mortgage term, whether it's moving to interest only, whatever it may be. there are now initiatives that can be put in place. and i guess that's the kind of thing that jeremy hunt has been referring to. >> kevin , thanks very much >> kevin, thanks very much indeed for joining >> kevin, thanks very much indeed forjoining us in indeed for joining us there in manchester your reaction. manchester with your reaction. thank manchester with your reaction. tha okay. manchester with your reaction. thaokay. well, find >> okay. well, let's find out how further interest rate hikes

that quarter percentage rise today is impacting you. we want today is impacting you. we want to hear your thoughts. so home owner and analyst colwell, you're a mum of two. you can join us now from dorset. good afternoon . what is your reaction afternoon. what is your reaction then to this announcement today and how is it harming or helping you ? you? >> well, it's a it's certainly not going to help us. we have managed now to book in a mortgage that will kick in at the end of december . the end of december. >> and we've got a rate of 5.4% for that at which i think probably sounds quite good compared to other people and what's going on. >> but as a raise from 1.8, it's obviously enormous and will hit us really hard from december onwards . onwards. >> i'm sort of hoping that when i've seen a few companies reducing their mortgage rate, i'm kind of hoping that maybe that will continue. but with an

interest rate rise that's looking less and less likely . looking less and less likely. >> and alice, last time we spoke to you, you were , i think, to you, you were, i think, rather frightened by the prospect of becoming off the fixed deal you had and you were looking at what else you could do to save money. i think you've even thought about getting a lodger help out. lodger in to help out. >> yeah , that's all going ahead. >> yeah, that's all going ahead. >> yeah, that's all going ahead. >> yeah, that's all going ahead. >> yeah . >> yeah. >> yeah. >> haven't got any choice >> we haven't got any choice when got, you know, our when we've got, you know, our our mortgage is going to go up by a good £1,000 a month. so we've got to find that money from somewhere and you know, we haven't got that sort of disposable income to take that on. so we have to find other ways of making £1,000 a month. so yeah, the lodger is on his way and i'm looking at various other jobs to do. i used to be a counsellor. >> can i ask you how the rest how the rest of the family have reacted to that ? reacted to that? >> it's not going to be ideal.

>> it's not going to be ideal. >> you know, it's going to really impact our lives and it's irritating, you know, to have to do these things. >> i don't know who to blame. >> i don't know who to blame. >> i don't know who to blame. >> i mean, i guess ultimately the responsibility for our house comes down to us. >> and so we're taking on that responsibility and doing everything can. everything we can. >> at a time when my husband >> but at a time when my husband was hoping to retire in a couple of years and, you know , i'm in of years and, you know, i'm in my 50s, you know, we were hoping that put everything in that we'd put everything in place that we can live the place so that we can live the life that we want to live. and having somebody else sharing our house isn't you know, however lovely they are or whoever they are, we didn't particularly want to have someone else living with us. so yeah , it's, it's us. so yeah, it's, it's certainly not ideal all, but hopefully it will stop us moving or losing our house. we have also got an estate agent coming round within the next couple of weeks to take photographs while the or hopefully when the sun comes out so that if we do need to sell our house, we've got

photographs ready and analyse. >> i would never have been so rude as to ask you your age, but you kind of mentioned it. what did you or do you think of did you think or do you think of what's been suggested today by mel stride over 50s mel stride that the over 50s they could become deliveroo employees and start delivering takeaways that might give you a bit of extra income, might it? and some exercise ? and some exercise? >> it could. it could do . >> it could. it could do. >> it could. it could do. >> it could. it could do. >> i don't think we have deliveroo here. we live in the depths of dorset. i'm not sure we even even have it. >> but guess i could start it. there you go. >> there's a business idea for you. >> oh, tell mr stride to get on his bike. who knows? but anyway, thank you very much for joining us. back to you again us. we'll be back to you again and getting and see how you're getting on. but family well, of but we wish your family well, of course. very much for course. thanks very much for updating us here on news. updating us here on gb news. once more. >> are watching the >> you are watching the live desk listening the live desk and listening to the live desk and listening to the live desk with mark longhurst and pip tomson coming up very shortly, we'll talking the we'll be talking about the protesters that have scaled the prime house in north prime minister's house in north yorkshire in the last 40, 50 minutes or so. we understand they have climbed down. these

are the live shots as they are being spoken to by officers. we understand currently it seems that north yorkshire police have now arrived in some force after, of course , the former deputy of course, the former deputy chief constable announced that he was absolutely astonished by the lack of security in that they were able to get on to the roof there at 6:00 this morning for protesters, though, came down at about 1230. >> and as pip said, being spoken to. now next to that, police van. in terms of peter walker, the former deputy chief constable, this was a major breach of security. they could have left anything devices or booby traps . it's a major booby traps. it's a major security failing. more reaction as we get it looks like things are heating up, boxt boilers, proud sponsors of weather on . gb news. >> hello alex deakin here with your latest weather update from the met office for gb news. not

quite as wild as yesterday, but a cool cloudy day for most. a bit of sunshine here and there, but there are also a few showers around this low brought the wet and windy weather yesterday . and windy weather yesterday. it's it is it's clearing away, but it is allowing down allowing the winds to come down from bringing a cool from the north, bringing a cool feel and quite a bit of cloud. plenty of showers across the highlands western isles highlands and the western isles and a scattering of showers across england and wales could see 1 or 2 heavy ones, but many places will dry for most of places will be dry for most of the day and we'll see a little bit of sunshine here and there, some brightness poking through. a sky could a little bit of blue sky could see temperatures in the south—east into the 20s, maybe 23 or 24, but mostly, again , 23 or 24, but mostly, again, we're teens, low 20s at we're high teens, low 20s at best. and feeling cooler with that breeze continuing to bring outbreaks of rain across northern scotland, sprinkling of showers elsewhere could be 1 or 2 heavy ones over eastern parts through the evening and indeed continuing . but continuing overnight. but elsewhere, places will elsewhere, most places will become dry. we'll keep a fair bit cloud around bit of cloud around and temperatures hold up temperatures will mostly hold up to 11 to 14 celsius. friday, again in dry and bright for the

most part. but there will be some showers again, particularly over north—east england. initially and then moving south into parts of lincolnshire, east anglia and the south east. a sprinkling of heavy afternoon showers, but further west many places dry and a better chance of seeing some sunny spells, particularly in the afternoon for and southwest england. for wales and southwest england. again, teens again, temperatures high teens or low 20s goodbye . or low 20s goodbye. >> looks like things are heating up . boxed boilers proud sponsors up. boxed boilers proud sponsors of weather on .

gb news. >> well, welcome back to the live desk. let's take you live straight back to north yorkshire outside the prime minister's constituency home. we can tell you that that the van is still there, but it appears the protesters who've come down from the roof may well have been now put into that van by north yorkshire police , a substantial yorkshire police, a substantial number. the ladders we can see still there. mark white, our home security editor, still with us. because, mark, this is interesting in that trespass effectively is a civil tort, not a criminal charge. and yet we think we could see them in handcuffs. >> yes , i can only imagine that >> yes, i can only imagine that they probably been arrested on suspicion of criminal damage . if suspicion of criminal damage. if you're climbing all over someone who's roof, then you've got an attaching things to it . then

attaching things to it. then there's a potential for criminal damage. so certain certainly they've been arrested because we saw them with their hands cuffed behind their backs. quite a significant police presence. >> well, there's a thing . >> well, there's a thing. >> well, there's a thing. >> yeah. bearing in mind at 6:00, we were told they got on to the roof . the police to the roof. the police seemingly not aware until 8 am. >> yeah, we need to clarify that. there could be a little bit of a miscue. that. there could be a little bit of a miscue . communication bit of a miscue. communication with the north yorkshire press office when they put that information out. but it would be staggering . i mean, it's staggering. i mean, it's worrying. i think that the prime minister's constituency residence , it's even if he is residence, it's even if he is not in residence, does not have some level of security. but if it is the case that these people got on to the roof, or at least started to climb onto the roof at 6 am. in the morning and the police only became aware of it, two hours later. then that would be quite the official quote from nonh be quite the official quote from north yorkshire police at the time. >> we are responding to reports of protest activity, close

quotes , and that statement quotes, and that statement itself tells you, i think, that they did not have a presence at they did not have a presence at the scene. >> if they're responding to report. >> the van, i think are they going to reverse? but clearly they'll be due legal process. now however, just to sort of reinforce what you're saying, it's a former deputy chief constable, peter walker, who's touched on this, saying he's absolutely astonished by what's happened. >> well , i happened. >> well, i think he's right, because you could never imagine a situation where the head of state or the leader of a country in other countries would have there it goes, properties, residential property, police officers, removing the ladders now that they used to scale the walls . so you would just never walls. so you would just never imagine that they would not have, for instance , with the us have, for instance, with the us president, the vice president, other senior members of that administration, they would have seen secret service details, even at their addresses when they're not there, because just

because you're not there doesn't mean that that address is not at risk from people that want to damage it, or perhaps use plant listening devices who knows? >> let me tell you something that happened to me a few years ago tony blair prime ago when tony blair was prime minister. was minister. his constituency was in sedgefield. i just moved to the north—east and i took my parents for a little drive and we drove through sedgefield and we drove through sedgefield and we down what must be like we went down what must be like a little slip road. and i had to turn my car around. security were on me within about about 10s asking questions, asking my parents questions . what are you parents questions. what are you doing here? where are you going? it was astonishing. now why is there not the same level of. okay, tony blair might not have been at home, but it was incredible night and incredible that night and we were it was were just you know, it was obvious we weren't. well this is what you would expect. >> expect that our prominent >> you expect that our prominent people, our leaders to have proper security . we're living in proper security. we're living in an environment, in a world these days where they are under risk. you know, we just need to look at what happened to david amess.

mp in his own constituency to jo cox, and these are ordinary members of parliament. >> without giving too many operational details away , what operational details away, what is the normal system ? is the normal system? >> is it the local police force in this case north yorkshire, or is there a special detail within the met that looks after these vips? >> so it comes under the remit of the parliamentary and diplomatic protection command . diplomatic protection command. and so they would , wherever the and so they would, wherever the prime minister goes to ensure that he has a close security detail , escort that he has a close security detail, escort him to that he has a close security detail , escort him to locations detail, escort him to locations and also a guard property. so guard the likes of downing street, whether he's there or not, because it is a key in a sensitive building and also provide security at this home of his near northallerton . if he is his near northallerton. if he is up there and living there, they would be providing that security when they're not there. it seems

to be the responsibility of nonh to be the responsibility of north yorkshire police, but on this occasion we don't know where they've been. >> can i just add as well, i was not arrested or charged with anything, so i should make that clear. >> you weren't wearing an orange jumpsuit with. yeah, it was very embarrassing. mark, thank you. more reaction as we get it. let's head glasgow now. let's head up to glasgow now. hundreds of spectators and competitors there for the world's ever cycling world's biggest ever cycling event. on your bike. well, in the proper way. let's bring in tony who's there and, tony, i've lost count of the number of events over ten days. all world championships, no less . championships, no less. >> yeah, that's right, mark. i help you out there. 13, 13 events over the course of these 11 days. and i suppose i'm not really including yesterday, which was the opening ceremony right here in george square in the of glasgow. and quite the middle of glasgow. and quite a turnout, quite an event . and a turnout, quite an event. and all anyone can talk about is the fact that the rain stayed off. makin little peek behind the makin a little peek behind the curtain of life in glasgow here. but certainly today in the fans

zone and people started zone and people have started arriving now we a bit nervous when i arrived, but you know, perhaps it's just the increase in the number cyclists in the in the number of cyclists in the road, cycle road, the increase in cycle paths all around our cities here in scotland and around in scotland and indeed around the you know , it seems the uk. but, you know, it seems like more of a of like cycling is more of a of a of a hobby for people in glasgow than ever . of a hobby for people in glasgow than ever. and certainly quite a lot of people from around the country that i spoke as well. country that i spoke to as well. ispoke country that i spoke to as well. i spoke to a lovely couple from leicester were i spoke to a lovely couple from leicetoer were i spoke to a lovely couple from leiceto cheat were i spoke to a lovely couple from leiceto cheat on were i spoke to a lovely couple from leiceto cheat on their were i spoke to a lovely couple from leiceto cheat on their daughter here to cheat on their daughter who cycling which who is in the para cycling which starts today . and of course the starts today. and of course the track race at the chris hoy velodrome over in the east side of glasgow . and if you were of glasgow. and if you were wondering what direction that is, well, that one is over there. and now i've sort of adopted the role of the unofficial direction giver. i can't really think why , but can't really think why, but certainly it is as i know that the road closures start over here. and if you're wanting to come here to the fan zone, then the entrance is right over there and, um, but yes, yes. the entrance is right over there and, um, but yes, yes . all and, um, but yes, yes. all aeroplanes in this way, please .

aeroplanes in this way, please. >> very quickly, does that finger extend as far as fort william, which i think is where the mountain biking is going to be, ? be, is that right? >> yeah, that's correct . i don't >> yeah, that's correct. i don't know. i think you had to pay a subscription fee and a wee extra in—app purchase for that one, but that would be quite something, wouldn't it. but yeah, mountain something, wouldn't it. but yeah, over mountain something, wouldn't it. but yeah, over and ountain something, wouldn't it. but yeah, over and justain something, wouldn't it. but yeah, over and just the biking over there and just the same recommendation to everyone, no matter where you are in scotland, check your local council website road council website for road closures. let's not take the closures. but let's not take the fun out of it. this is huge fun out of it. this is a huge day scotland uk . day for scotland and the uk. >> tony. we'll be >> great stuff, tony. we'll be back later, of course, as back to you later, of course, as those events get underway. thank you but let's get an you very much. but let's get an update on news update now on the news headlines. rhiannon headlines. and rhiannon is waiting for . headlines. and rhiannon is waiting for. us >> thank you, mark. it's 133. >> thank you, mark. it's133. your top stories from the newsroom. the bank of england has raised its interest rate for the 14th time in a row. it's increasing from 5 to 5.25, the

highest base rate since 2008. the bank says it expects inflation to be halved by the end of the year. one of the government's key priorities mark the increase piles yet more pressure on borrowers and mortgage holders. shadow chancellor rachel reeves says the government needs to take action. >> well, the rate rise that we've seen today is just another hammer blow to families across the country who are seeing their mortgages increase . and when it mortgages increase. and when it comes to remortgaging , at the comes to remortgaging, at the moment, a family that's looking to remortgage their property is going to be paying on average more than £200 extra every single month. and for some people, it's much more than that. now of course, the bank of england have independence and that's as it should be. but the government needs to take responsibility for the fact that inflation in the uk is much higher than it is in comparable countries . meanwhile the high countries. meanwhile the high street retailer wilko has warned it's on the brink of collapse ,

it's on the brink of collapse, putting around 12,000 jobs at risk . risk. >> the boss of the homeware chain says it expects to go into insolvency after failing to secure a takeover to help the business. with mounting cash pressures. wilko which has around 400 uk stores, has filed around 400 uk stores, has filed a notice of intention to appoint administrators at the high court . it and the greenpeace activists that climbed onto the roof of the prime minister's home in north yorkshire have been put in the back of police vans. they're now down. they've been protesting against 100 new nonh been protesting against 100 new north sea oil and gas licences granted by rishi sunak, who says he won't apologise for supporting the exploration mission. the activists scaled the pm's house this morning, draping it in black fabric to drive home what they call the dangerous consequences of the policy . and you can get more on policy. and you can get more on all of those stories by visiting our website gbnews.com . direct

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>> hi and welcome back to the live desk. let's return now to the bank of england decision to raise the base rate by another quarter% to 5.25. we also want to know, of course, how it's affecting you so we've put together another people's panel together another people's panel to find out how you're coping . to find out how you're coping. >> yes. let's go to the very aptly named number ten cafe and restaurant in chesterfield, where our east midlands reporter will hollis is with our panel. will, let's see what they've got to say then . yes to say then. yes >> the number 10 cafe and restaurant . no sign of any restaurant. no sign of any politicians , but views about the politicians, but views about the political decisions that are being made. of course, the bank of england has raised interest rates by a quarter of a

percentage. so we've come to chesterfield right in the heart of the country, and we've got a fantastic people's panel here today. fantastic people's panel here today . james, you run a business today. james, you run a business tea and coffee merchants, you send it around the world, but mainly here in the british isles. when you saw that interest rate rise, what did that mean for you and your business? >> well, immediate effect on >> well, the immediate effect on it was that it made a purchase of powder, which i'm of cocoa powder, which i'm currently making about £800 more expensive because the market actually dropped the currency market. the value of the pound shrank immediate on release of the news. so i'm guessing that that decision isn't something that decision isn't something that want to see. that you want to see. >> rather remain as it is >> you'd rather remain as it is or even go down. we know that the of interest the effect of these interest rate rises isn't immediate. well, that depends on whether i look at as straight as a look at it as straight as just a business owner or whether i actually at it as somebody actually look at it as somebody who's a mortgage and who's who's got a mortgage and who's looking and looking to save some money and what you. looking to save some money and whtand you. looking to save some money and whtand ycgeneral effects of a >> and that general effects of a rate increase are, you know, i don't like them. my mortgage is going up. >> there's figures >> i believe there's figures that about £400 a year that said it's about £400 a year that said it's about £400 a year

that going cost me. that that's going to cost me. >> well, another £400 a year after the previous one. after the previous one, you know, at some either , you know, some point, either, you know, everybody's going to run out of money because they're going to be the banks be giving it to the banks or, you know, we going to you know, or are we going to start actually start looking at actually reducing interest rates slightly start looking at actually redumakingarest rates slightly start looking at actually redu making are so rates slightly start looking at actually redu making are so ratespeople/ start looking at actually redu makingare so ratespeople can and making it so that people can live enjoy living again live and enjoy living again rather than just living to work ? >> 7- >> you ?_ >> you were ? >> you were just 7 >> you were just talking about the regular picture that everybody is experiencing. so stephen, you're a councillor here, a conservative councillor in derbyshire . what james was in derbyshire. what james was saying about the regular things that people are going through, that's your constituents, that's what your constituents, youn that's what your constituents, your, act erm you your, your distric act erm you know, people that are in where you where you serve live, you live, where you serve live, how are they affected . well how are they affected. well i think the big thing most people just want to get on with living their lives and be able to decide on their family decide on feeding their family and normal life. >> the rate increase obviously affects people in my area are >> so people in my area who are running businesses, to running businesses, they have to increase to pay staff. >> they have to increase their costs their customers. costs to their customers. >> have who are >> so you have people who are the cost of childcare, the cost

of food, the of transport of food, the cost of transport and and energy. and fuel and energy. >> are all basically >> these are all basically impacting. >> and one of the big ones is housing affordability. so, i mean, father four. mean, i'm a father of four. we're looking get on the we're looking to get on the housing market. >> it quite right now. housing market. >> but it quite right now. housing market. >> but also it quite right now. housing market. >> but also with ite right now. housing market. >> but also with the ight now. housing market. >> but also with the cost now. housing market. >> but also with the cost of n. >> but also with the cost of childcare, our two year old going cost £80 going is going to cost £80 for half means on a half a day, which means on a sole while i'm supporting sole income while i'm supporting my and family , it just is my wife and family, it just is getting more prohibitively expensive actually live expensive to actually live a life . so yes, interest rate life. so yes, interest rate increases are overall, i understand it's to try and kerb inflation, but this is just obviously one of the things that we need to get through . it's we need to get through. it's really hitting hard. and i think most of my constituents just want to get on with their life. they're not interested in big policies. they just want to be able to live and feed their families. we're about 130 miles away england away from the bank of england down london. skyscrapers. you down in london. skyscrapers. you know, lots of people in fancy suits. but here in the heart of the midlands, where money isn't as you know, in as much of a quantity, what is the main thing that this kind of an interest

rate rise will mean for people ? rate rise will mean for people? the thing you're likely to the thing that you're likely to hear councillor, it's going hear as a councillor, it's going to mean less money their to mean less money in their pockets ultimately that pockets and ultimately that is the mean, the the big thing. i mean, the median around you median wage around here is, you know, maybe £22,000. and when you've got a lot of single parent families , that's a big parent families, that's a big hurt and it really is becoming decisions on how they're feeding their families, whether they're paying their families, whether they're paying heating bills, whether they're it's just really affecting people in their bottom pockets. you've got a lots of pockets. so you've got a lots of big other policies that will have a downward effect on this as well. we're talking about disposable income there. whether people have any money, disposable income is your business. you work in the salon trade. it's quite a young business isn't it, sam? business as well, isn't it, sam? do people have the money are do people have the money and are they less money they going to have less money today that interest today because of that interest rate rise? so they'll getting rate rise? so they'll be getting less nails done. >> they'll be having less. they'll less money, they'll have less money, basically. you know basically. do you know what i mean? to think, mean? you you're going to think, aren't you say, if aren't you? like you say, if it's £400 a year, £400 it's gone up £400 a year, £400 could the salon. so do you

could be in the salon. so do you know what i mean? you could easily think, well, do you know what? i'll my hair down or what? i'll cut my hair down or my hair appointments um , come my hair appointments or um, come in less like they are doing because we see have seen because we can see we have seen it , um, and go because we can see we have seen it, um, and go from there basically it's a tough time. >> i know. actually, you're going to have to leave us soon because going have to because you're going to have to go haircut. but our go and do a haircut. but our people's is here. we're people's panel is here. we're bringing in new voices because everybody bit of a everybody has a little bit of a different if is different opinion, even if it is something affecting something that is affecting everybody in the country right now, will at number 10 just let that sink in? >> thank you very much indeed for updating us there. and of course, more reaction to come throughout the afternoon. former president donald will president donald trump will appearin president donald trump will appear in front of a judge again later today as he faces the most serious charges so far for counts of conspiracy to defraud the 2020 us election result . the 2020 us election result. well, the security already being put in place outside the e. barrett prettyman court building. just to remind you, that's just around the corner from the us capitol building in

washington. the scene of those election riots back in january 2021. the direct consequence, some would say, of trump's speech will our reporter paul hawkins has been following the story so far . join us now in the story so far. join us now in the studio . we're just learning that studio. we're just learning that even though this is just a sort of brief hearing in washington, he will be fingerprint id this afternoon. >> yeah, which hasn't happened before . so one of his mug before. so one of his mug mugshot taken. he will be fingerprinted. give some fingerprinted. he'll give some bafic fingerprinted. he'll give some basic as his basic information, such as his social security number, his basic information, such as his social his urity number, his basic information, such as his social his date number, his basic information, such as his social his date ofmber, his basic information, such as his social his date of birth, his name, his date of birth, etcetera. and then charges etcetera. and then the charges will him and we're will be read to him and we're expecting to enter plea of expecting him to enter a plea of not guilty if we just remind ourselves of those charges, let let's start with a conspiracy to corruptly obstruct and impede the january 6th congressional proceeding at which effectively the results were certified. and we know as part of that from the from this document and here it is, 45 pages of it, that according to the vice president, then vice president mike pence, his notes in a couple of phone calls during christmas time just before january 6th. he was asked

not to certify the results on january the sixth. he said, i can't do that. i don't have the authority . and according to his authority. and according to his notes , donald trump said , you're notes, donald trump said, you're just too honest . this is what just too honest. this is what mike pence had to say last night. and bearing in mind he is also running to be president next year , and irrespective of next year, and irrespective of the indictment, i want the american people to know that i had no right to overturn the election and then on that day, president trump asked me to put him over the constitution . him over the constitution. >> but i chose the constitution and i always will. and i, i, i really do believe that anyone who puts themself over the constitution should never be president of the united states in anyone who asks someone else to put themselves over the constitution should never be president of the united states again. and just to underline, he will, we expect, be called to the eventual full hearing. >> i mean, those are words, though. >> you would have thought so. i

mean, you would have thought so, but we don't know for certain. it's certainly going to be interesting once the really interesting once the really interesting the interesting when we have the trial interesting when we have the tnal and interesting when we have the trial and also when we trial dates set and also when we see candidates for the see the candidates for the republican nomination head to republican nomination go head to head the first debate, which head in the first debate, which is when is later this month, when they're up on the they're all lined up on the podium, but they're having a proper . proper pitch. >> mentioned notes, >> you mentioned these notes, these that these contemporaneous notes that he's got that makes him an absolutely crucial , very absolutely crucial, very significant witness. >> yeah , absolutely. yeah. >> yeah, absolutely. yeah. probably one of the most significant witnesses because he was the vice president. so you've got these notes, you've got all these notes, you've got all these notes, you've emails from you've got these emails from from political advisers and from other appointed other politically appointed people were said to have people who were said to have told this is the prosecutor claim told donald trump that there's no fraud , there's no there's no fraud, there's no evidence, and that that that will be central to the prosecution. >> the other element is what donald trump told others to do, which all ties into this allegation of conspiracy on the various phone calls that he made. yeah conspiracy to defraud the united states by using dishonesty, fraud and deceit to impair, obstruct and defeat the

lawful government lawful federal government function of collecting, counting and certifying the results and we know from a leaked telephone call that he called the secretary of state for georgia, brad raffensperger , a republican brad raffensperger, a republican secretary of state in georgia. >> what he said the people of georgia are angry. >> the people of the country are angry and there's nothing wrong >> the people of the country are angnsayinghere's nothing wrong >> the people of the country are angnsayinghere'sthatling wrong >> the people of the country are angnsayinghere'sthat you've)ng with saying that, that you've recalco related. >> well, mr president, the challenge that you have is the data you have is wrong . data you have is wrong. >> you should want to have an accurate election. and you're a republican , we believe, but we republican, we believe, but we do have accurate election. i do have an accurate election. i know. know. you don't know . know. i know. you don't know. >> no, you don't. >> no, no, you don't. >> no, no, you don't. >> what they did and >> you know what they did and you're not reporting it. >> that's a criminal offence. i just want to find 11,780 because we won the state. >> we have to stand by our numbers. we believe our numbers are right . are right. >> extraordinary conversation . >> extraordinary conversation. but we don't know yet whether that particular recording will be admissible in court. >> yeah, we don't know whether it's admissible or in court.

it's admissible or not in court. one would have thought the defence be he genuinely defence would be he genuinely thought right? thought it was a fraud, right? so he didn't knowingly mislead anyone. was he genuinely anyone. he was he genuinely thought it was. so despite all the people that were advising him. would be him. yeah. and that would be protected the first amendment him. yeah. and that would be pr

the 25th of march and the 20th of may, you've got the two criminal trials and then if you look at the 15th of january, blue and red, he's got a clash of there he's got of dates there when he's got a civil and he's got the iowa civil case and he's got the iowa caucuses . so it's going to be a caucuses. so it's going to be a packed schedule. and don't forget, we still have squeeze forget, we still have to squeeze into forget, we still have to squeeze intheah. yes. >> yeah. yes. >> yeah. yes. >> they said they wanted >> which they said they wanted to be speedy, but i mean, he's he's to push back that, he's going to push back on that, isn't he. yeah. >> because defence be. >> because the defence will be. we to gather all we need more time to gather all the evidence . the evidence. >> the prosecution have >> and also the prosecution have spent gathering spent three years gathering their and they to spent three years gathering theirit and they to spent three years gathering theirit back and they to spent three years gathering theirit back anthe|ey to spent three years gathering theirit back anthe election to kick it back past the election because obviously the narrative will be i'm the victim. >> yeah. so the details >> exactly. yeah. so the details of what will be admissible in court yet to be worked out. but what we do know is that the political narrative would be this is a witch hunt and this is, you know, something that they're trying to tar me with . they're trying to tar me with. and he'll come out as a victim to his core supporters. what we don't know, of course, is what the effect will be on those floating the so—called floating voters, the so—called soccer those who soccer moms and those others who haven't decided which way they're vote. they're going to vote.

>> that's the really >> yeah, and that's the really interesting thing. he's way ahead republican ahead within the republican party the moment. he's party at the moment. he's clearly the favourite get the clearly the favourite to get the nomination. what happens nomination. but what happens when general when he goes before the general electorate moment electorate at the moment that we're 15 months from we're still 15 months away from the the say that the election? the polls say that they're neck. they're roughly neck and neck. anything . what is anything can happen. what is going the effect those going to be the effect on those floating voters? if you've got donald trump court, possibly donald trump in court, possibly even convicted by the time we get election, but running even convicted by the time we getcandidateection, but running even convicted by the time we getcandidate and], but running even convicted by the time we getcandidate and then running even convicted by the time we getcandidate and then possibly for candidate and then possibly governing if he wins the election from extraordinary from prison, we've got go because prison, we've got to go because we're going from the former president the united states we're going from the former pr protesters were on rishi sunak roof in north yorkshire earlier they now earlier today. they are now down. we understand they've been taken police van. but taken away in a police van. but our , anna riley is our reporter, anna riley is there with more on this story that's been going on all morning. what can you tell us then , anna? then, anna? >> good afternoon. yes, you may still be able to see behind me there is still a lot of police activity here, still several

police cars . we have seen police cars. we have seen several vans leave rishi sunak mansion, though, with those four activists inside . they came here activists inside. they came here in the early morning. greenpeace are saying that they arrived from six in the morning, but the official line from north yorkshire police is that they were called at eight in the morning . now they came with morning. now they came with banners that they unfurled. they got up onto the roof with ladders and as they climbed on the ladders of this grade two listed manor house in kirby sigston in north yorkshire, which is a leafy part of north yorkshire , a very rural and yorkshire, a very rural and i suppose it never sees police activity like this here before . activity like this here before. but these activists were demanding no new oil as they urged rishi sunak to be a climate leader, not a climate activist. as i've mentioned, police were called to the family home near northallerton this morning and it was around one

15:00 this afternoon that all the activists had come down. and then have been arrested and taken away by the police. this move has been condemned by deputy prime minister oliver dowden, who's standing in for rishi sunak at the moment during his holiday in california . he his holiday in california. he said it was a major breach of security, as he called it , for security, as he called it, for an investigation into how this has been allowed to happen. and that's what a lot of people are saying at the moment with the prime minister residence here. how did these activists get into the ground and do what they have done this morning ? done this morning? >> anna, thank you for that. and more reaction, of course, as we get it. >> yeah, we are hearing that those four greenpeace arrests have been protesters have have been the protesters have been reaction been arrested. more reaction very shortly . very shortly. >> a brighter outlook with boxt solar proud sponsors of weather on . gb news. on. gb news. >> hello alex deakin here with your latest weather update from the met office for gb news. not

quite as wild as yesterday, but a cool cloudy day for most. a bit of sunshine here and there, but there are also a few showers around this low brought the wet and windy weather yesterday. it's it is it's clearing away, but it is allowing to down allowing the winds to come down from bringing a cool from the north, bringing a cool feel and quite a bit of cloud. plenty of showers across the highlands the western isles highlands and the western isles and a scattering of showers across england and wales could see 1 or 2 heavy ones, but many places will be dry for most of the we'll see a little the day and we'll see a little bit of sunshine here and there, some brightness through, some brightness poking through, a of blue sky. could a little bit of blue sky. could see in the see temperatures in the south—east 20s, maybe south—east into the 20s, maybe 23 24, but mostly , again, 23 or 24, but mostly, again, we're high teens , low 20s at we're high teens, low 20s at best. and feeling cooler with that breeze continuing to bring outbreaks of rain across northern scotland, sprinkling of showers elsewhere could be 1 or 2 heavy ones over eastern parts through the evening and indeed continuing overnight elsewhere. most will become dry. most places will become dry. we'll keep a fair of cloud we'll keep a fair bit of cloud around temperatures will around and temperatures will mostly hold up to 11 to 14

celsius. friday, again , a dry celsius. friday, again, a dry and bright for the most part, but there will be some showers again, particularly over northeast england. initially and then moving south into parts of lincolnshire, east anglia and the south east. a sprinkling of heavy afternoon showers, but further west many places dry and a better chance of seeing some sunny , particularly in a better chance of seeing some sun afternoon particularly in a better chance of seeing some sun afternoon for rticularly in a better chance of seeing some sun afternoon for walesrly in a better chance of seeing some sun afternoon for wales and| the afternoon for wales and southwest england. again, temperatures teens or low temperatures high teens or low 20s goodbye a brighter outlook with boxt solar proud sponsors of weather on .

gb news. >> good afternoon. it is 2:00 and you're watching the live desk here on gb news coming up this thursday lunchtime , this thursday lunchtime, greenpeace peace protesters , greenpeace peace protesters, rather, arrested after climbing onto the roof of the prime minister's house. >> a former deputy chief constable says it was a major security how did it security failing. how did it happen? we'll have the latest live from north yorkshire . live from north yorkshire. >> interest rates are going to stay higher for longer. that is according to bank of england boss andrew bailey. it comes as major retailers wilko announce they're going into administration 12,000 jobs and 400 stores are at risk . administration 12,000 jobs and 400 stores are at risk. is it all too high a price to pay to tackle inflation? >> and donald trump to appear in court to face the most serious charges yet? four counts of conspiracy to defraud the us

election. the security barriers already in place in washington . already in place in washington. plus on your bike says work and pensions minister mel stride . pensions minister mel stride. >> he's urging the over 50s to consider delivering takeaways to maintain their lifestyle into old age. food for thought before we start your headlines with rhiannon . thank you, pip. rhiannon. thank you, pip. >> good afternoon. it's 2:01. your top stories from the newsroom. the bank of england has raised its interest rate for the 14th time in a row. it's increased from 5 to 5.25, the highest base rate since 2008. the bank says it expects to inflation be halved by the end of the year . one of the of the year. one of the government's key priorities as the increase piles yet more

pressure on borrowers mortgage holders and struggling households . but the governor of households. but the governor of the bank of england says he expects inflation on the price of goods will ease in the rest of goods will ease in the rest of this year . of this year. >> our core goods price inflation continues to be broad based. inflation continues to be broad based . it's taking time for the based. it's taking time for the fall in energy prices to work through the supply chain and the pnces through the supply chain and the prices of imported goods have continued to rise despite a fall in world export prices . and in world export prices. and that's why in our central projection, we expect core goods price inflation to come down gradually . but let me be clear. gradually. but let me be clear. we do expect core goods inflation to ease over the rest of the year and there are indicators that suggest it could happen faster than in our projection . projection. >> while shadow chancellor rachel reeves says the government needs to take action sooi'i. 500“. >> soon. >> well, the rate rise that we've seen today is just another hammer blow to families across the country who are seeing their mortgages increase . when it

mortgages increase. when it comes to remortgaging , at the comes to remortgaging, at the moment, a family that's looking to remortgage their property is going to be paying on average more than £200 extra every single month. and for some people, it's much more than that. now, of course, the bank of england have independence and that's as it should be. but the government needs to take responsibility fact that responsibility for the fact that inflation in uk is much inflation in the uk is much higher than it is in comparable countries . countries. >> meanwhile, high street retailer wilko says it plans to appoint administrators, putting about 12,000 jobs at risk. the boss of the homeware chain says it expects to go into insolvency after failing to secure a takeover to help the business. with mounting cash pressures. wilko which has around 400 uk stores, filed a notice of intention to appoint administrators at the high court . the full greenpeace activists that climbed onto the roof of the prime minister's home in nonh the prime minister's home in north yorkshire have been arrested and they'd been

protesting against a 100 new nonh protesting against a 100 new north sea oil and gas licences granted by rishi sunak. he says he won't apologise for supporting the exploration . the supporting the exploration. the activists scaled the pm's house this morning, draping it in black fabric to drive home what they call dangerous they call the dangerous consequences of policy . consequences of the policy. deputy prime minister oliver dowden has defended the government's plans. >> most people would say, can you stop the stupid stunts? actually, what they want to see from government is action. the question is do we produce it here where we get more tax , we here where we get more tax, we create more jobs, or do we do what the labour party and others say, which is say no more investment in our north sea oil and gas that means fewer jobs here and more reliance on less stable energy which is shipped into this country. i don't think that's a sensible approach and it's not one this government is going to take. >> well, alex wilson from greenpeace says the prime minister needs to choose a side i >> -- >> we're all here because rishi sunak has opened the door for a

new drilling frenzy in the north sea while large parts of our world are literally on fire, this will be a disaster for the climate . it won't lower energy climate. it won't lower energy bills . it's not climate. it won't lower energy bills. it's not going to climate. it won't lower energy bills . it's not going to boost bills. it's not going to boost our energy security . we the only our energy security. we the only people that are going to profit from this at all are the big oil companies . companies. >> the deputy prime minister says asylum seekers will be on the bibby stockholm barge in the coming weeks. the first group of migrants was originally scheduled to move into the controversial accommodate ocean in dorset on tuesday . the delay in dorset on tuesday. the delay was caused by issues surrounding the health and safety of port workers, not fire safety . oliver workers, not fire safety. oliver dowden says he's confident the problems can be addressed after firefighters warned the vessels a potential death trap . and the a potential death trap. and the prime minister says the government's pay offer to doctors is fair and final. writing in the daily express , writing in the daily express, rishi sunak says there'll be no more talks on this year's pay, calling the latest offer very generous .

calling the latest offer very generous. he's called calling the latest offer very generous . he's called the calling the latest offer very generous. he's called the nhs an institution the uk has rightly proud of and praised health care staff across the country. mr sunakis staff across the country. mr sunak is urging doctors to call off their strikes . this is gb off their strikes. this is gb news across the uk on tv. in your car, on digital radio and on your smart speaker. by simply saying play gb news now it's back to mark and . back to mark and. pip >> welcome back to the live desk. so the bank of england raising interest rates for the 14th time in a row, increasing the base rate by another quarter % 5.25. the governor, andrew % to 5.25. the governor, andrew bailey saying the rises are having an impact on bringing down inflation, but that rates may have to stay higher for longer to win the battle . longer to win the battle. >> well, let's cross over to our economics and business editor liam halligan, who is at the bank of england. good afternoon,

liam. a quarter percentage liam. so a quarter percentage rise , a percentage point rise rise, a percentage point rise less than a half% that some were expecting. but this still means yet more pain for borrowers . yet more pain for borrowers. >> it does. i guess the headline , pip, is that if you've got a mortgage of £200,000 on a 25 year term and the mortgage rate is currently about 6, then this increase in the bank of england base rate , if it increases your base rate, if it increases your interest rate that you pay on that mortgage, it's going to be about £30 a month for 3 to £400 about £30 a month for 3 to £400 a year, which is quite serious money for any household. we can see here. the history of rate rises since 2017. ultra low before the covid pandemic, then going even lower down to a quarter point during lockdown , quarter point during lockdown, and then a series of rate rises, 14 rate rises to 5.25. now that's the highest since april 2008. good news if you've got

some savings and your bank is passing those interest rate rises on not so good if you're either on a variable rate mortgage or you've got a fixed rate mortgage, and then you have to remove mortgage. and that's the political and economic to remove mortgage. and that's the here.)litical and economic to remove mortgage. and that's the here. atical and economic to remove mortgage. and that's the here. a lotl and economic to remove mortgage. and that's the here. a lot ofnd economic to remove mortgage. and that's the here. a lot of people,)mic to remove mortgage. and that's the here. a lot of people, they pain here. a lot of people, they mortgage during the time when rates were low on two, 3 or 5 year fixed rate deals. when they come off those deals, there's a big shock because suddenly they face much, much higher interest rates. and why the rates. and that's why the housing market is looking a bit shaky. housing market is looking a bit shaky . and there's so shaky. and there's so much concern this bank of concern about this bank of england just looking at england action just looking at what the monetary policy committee decided. >> it is a bit worrying >> i mean, it is a bit worrying that two of them were looking at a half a% rise, that maybe they think there's yet more to be done despite the done on inflation despite the bank saying they expect uk inflation to drop below 5% in these last few months of 2023 . these last few months of 2023. >> indeed, there was a split mark. as you say, there was actually a three way split, nine members on the monetary policy committee, including the bank of

england's chair, andrew bailey. six of them said interest rates should go up by 0.25. that's the opinion that one out, two of them said they should go up by more by half a percentage point. but one said that interest rates should stay fixed. as people like should stay fixed. as people uke been should stay fixed. as people like been arguing for like me have been arguing for many so there is a range many months. so there is a range of opinions across the bank of england monetary policy committee, which is as it should be, and just the bank of england governor and the deputy governor, ben broadbent and dave ramsden , who's another senior ramsden, who's another senior member of the mpc. ramsden, who's another senior member of the mpc . they held a member of the mpc. they held a press conference in the last hour or so that decision hour or so since that decision at 12:00. and in that press conference they said governor bailey said policy does need to remain in restrictive. that means he can't see interest rates falling any time soon. but he added the path to lower inflation is now more assured . inflation is now more assured. however, later in the press conference, the governor did indicate that it may be that

interest rates stay relatively high. that is above 5. wait for it for the next 2 to 3 years. is now . that may be posturing. it for the next 2 to 3 years. is now. that may be posturing. he may be saying to financial markets, keep buying the pound because that keeps inflation low, because it keeps our exports more competitive and our imports cheaper. or it may be that he's signalling there's a lot more pain to come . look, it lot more pain to come. look, it could have been a lot worse today for mortgage holders. we could have seen a 50 basis point rise, half , could have seen a 50 basis point rise, half, and we just saw rise, a half, and we just saw a quarter which quarter point rise, which suggests at least the bank feels in inflation is now moving in the right direction. all eyes now will be on the 16th of august because that's when the next inflation number comes out for the month of july. if that is significantly down from 7.9, where inflation was during the year to june, then it may be that this could be the peak of uk interest rates in this cycle. all i can say, mark, for home owners is fingers and toes

crossed . crossed. >> indeed. liam, thank you for that. and away, of course, some home owners are. let's reflect on business at the major high street retailer wilko today saying that it's filed a petition to go into admin orchestration at the high court. now that could put some 12,000 jobs at risk at its 400 stores across the country . the boss of across the country. the boss of the chain saying business was facing mounting cash pressures, an indication, of course, of the problems of high interest rates. >> it comes a week after official figures showed insolvencies in england and wales surged to their highest level for 14 years as firms were hit by tighter consumer budgets and rising borrowing costs . and rising borrowing costs. >> it's well, let's get more now with our south—east of england. reporter ray addison, who is down in crawley and has switched from the estate agents to indeed wilko. there in crawley. it is a familiar face, of course, for many high streets. the cheaper end budget shopping. but even they are hitting these problems of borrowing money and getting

into debt and that's costing more and more . well, absolutely. more and more. well, absolutely. i mean, i've been speaking to some wilko shoppers here this afternoon and some of them saying to me they're not that surprised to hear the news that wilko could be entering administration because of the lack of stock that's currently available in the store. so many items missing . one person saying items missing. one person saying they were speaking to a member of staff and saying, you know, where is everything? and perhaps that's an indication of what's going behind the scenes. of going on behind the scenes. of course, this high. >> high street retailer has 400 stores just like this one here in crawley. >> all around the country. it sells homeware and hardware and it employs 12,000 people. and of course, today they will have found out that their jobs are at risk . but one found out that their jobs are at risk. but one member of found out that their jobs are at risk . but one member of staff risk. but one member of staff who didn't wish to go on camera telling me that they're absolutely devastated by this news. of course, the boss of wilko chief executive mark jackson , saying that while we

jackson, saying that while we can confirm that we've had a significant level of interest, including some indicative offers at present , including some indicative offers at present, we don't today have an offer that provides the necessary liquidity in the time that they have available. although he stresses they are going to continue to have those discussions with interested parties. and of course , there parties. and of course, there will be many thousands of members of staff and members of the public as well who know and love this brand, who will be hoping that some kind of resolution can be made that saves this vital high street store. now, of course, as you mentioned, this comes off the back of the latest last interest rate rise , a quarter of a% and rate rise, a quarter of a% and of course, it's a particularly key issue here in the south—east where home owners have been struggling . i spoke to some struggling. i spoke to some about the latest rise. here's what they had to say . what they had to say. >> i don't have a mortgage. >> i don't have a mortgage. >> i'm very lucky. >> i'm very lucky. >> i've repaid mine a couple of years ago. >> i just feel really, really sorry for the people who do have mortgages. >> i work in a finance and i

know how much it affects them. we have people coming in all the time that, you know are struggling to meet the repayments and really scary repayments and it's really scary for . for them. >> i grandchildren >> i have grandchildren struggling to get on the housing ladden >> yes . >> yes. >> yes. >> yeah. >> yeah. >> i mean, my granddaughter later moved up north to newcastle because that's that's where she went to university. >> and property is so much cheaper up there . cheaper up there. >> to be fair, the way things are at the minute, you know, nobody has got any spare money to keep putting things up like they're doing. >> it's just ridiculous, you know, it's almost like they're trying to sort of keep people down so that they've got no money to spend. >> mine is due for renewal in february, so . february, so. >> so, yeah, i'm i'm going to get clobbered. >> i know i'm going to get clobbered. you know, we've been on a fixed a fixed rate for the last i don't know whether it was 2 or 5. i think it was five. i think we'll just scrape by my wife's. she's a driving instructor. so, you know, that's

helped a lot. it'sjust. instructor. so, you know, that's helped a lot. it's just. yeah we are going to struggle. it's not going to be easy, but well , it's going to be easy, but well, it's awful at the moment. >> i'm trying to still be a first time buyer and it's just making things seem even more impossible than they were to start with. >> so to be on your own for a first time buyer, it now seems like it will never be something you can achieve . everything else you can achieve. everything else that comes with owning a house will to be expensive to will also to be expensive to achieve well . achieve as well. >> yet more financial pressure heaped on families there. ray and of course it's families that would go to places like wilko, a budget retailer for such a familiar store on the high street . street. >> absolutely. and with these interest rate rises seemingly no end in sight until potentially the end of end of the year. we're hearing that there seems fewer and fewer places where people who are on tight budgets andisnt people who are on tight budgets and isn't that all of us at the moment can really go and make sure that they can, you know,

get what they need and within the budget that they have. and, you know, people i think, very, very shocked, very upset, but perhaps not surprised with these interest rises. it does have that impact at every single level of the economy from our from our mortgages to everywhere that we shop as well. and this news, as i'm saying, will be devastating for those 12,000 employees who are will who will no doubt themselves have been struggling with their own interest and mortgage rates. ray interest and mortgage rates. ray in crawley, thank you very much indeed for updating us there with that news. as we say, 12,000 jobs, 400 stores at risk now, north yorkshire police have confirmed that they have arrested four greenpeace protesters who had been on the roof of the prime minister's house in his north yorkshire constituency . greenpeace uk constituency. greenpeace uk climate campaigner philip evans saying our activists activists came down having delivered their message to the prime minister.

it's time for sunak to decide which side he is on. big oil profits or the future of a habitable planet. let's speak to our reporter anna riley, who's up there because the other aspect to this, anna, is the reaction, particularly of the former deputy chief constable, saying that there was real saying that there was a real security breach . security breach. >> that's it. yes, that is what that constable has said. and from the reports we know that from the reports we know that from from what greenpeace are saying and what other reports are saying, that they were here from six in the morning, but police are saying that they were notified at in the morning notified at eight in the morning to come and protesters started coming down at around 1230 this afternoon from the roof. and finally left after 1:00, around 115. there was for greenpeace , 115. there was for greenpeace, activists were arrested. we're still waiting to hear from the police what exactly that charge is, that they have been arrested for. but, yes, it certainly has raised a lot of security concern means that these people could come into the prime minister's home, scale his roof and

obviously put out that banner as to what they say. they're getting their message out about. the reason announcements that have been made around world oil and yes , you mentioned peter and yes, you mentioned peter walker there. he stepped down as nonh walker there. he stepped down as north yorkshire's deputy chief constable in 2003. he said he was absolutely astonished that the protesters gained access to the protesters gained access to the house and it's him that's called for an investigation . an called for an investigation. an as i've said, it comes as mr sunak mp for nearby richmond here unveiled plans to max out the uk's oil and gas reserves by granting more than 100 new licences for extra action in the nonh licences for extra action in the north sea . and there's been north sea. and there's been reaction as well from deputy prime minister oliver dowden. he's standing in for mr sunak while he's on holiday with his family. currently in california. and he told the protesters to stop the stupid stunts. so yes, police activity is still ongoing now at the home, there's still several police vans, police cars

here and a heavy presence . i've here and a heavy presence. i've spoke to them earlier. they said they are still searching the home just to make sure it's secure, to make sure that there's nothing else sinister that they can find there. and perhaps also collating any extra evidence . so we'll keep an eye evidence. so we'll keep an eye out for the updates that we get from the police and of course, i'm sure we'll be covering the from the police and of course, i'm s|case e'll be covering the from the police and of course, i'm s|case asl be covering the from the police and of course, i'm s|case as well. overing the from the police and of course, i'm s|case as well. when; the from the police and of course, i'm s|case as well. when it:he court case as well. when it comes court . comes to court. >> anna riley, thank you very much. extraordinary scenes that at the prime minister's house there in north yorkshire. lots of questions to be answered about security coming up here on the live desk. >> we'll be looking at president donald trump who is due in court later this afternoon in washington , one, and we're told washington, one, and we're told he will have his fingerprints taken all the latest coming up. stay with us. >> that warm feeling inside from the boxt boilers. proud sponsors of weather on . gb news. of weather on. gb news. >> hello, alex deakin here with your latest weather update from

the met office for gb news. not quite as wild as yesterday, but a cool, cloudy day for most. a bit of sunshine here and there, but there are also a few showers around this low brought the wet and weather yesterday. and windy weather yesterday. it's is it's clearing away, but it is allowing come down allowing the winds to come down from the north, bringing a cool feel and quite a bit of cloud. plenty of showers across the highlands the western isles highlands and the western isles and scattering showers and a scattering of showers across wales . could across england and wales. could see 1 or 2 heavy ones, but many places be dry for most of places will be dry for most of the day and we'll see a little bit of sunshine here and there, some brightness poking through a little could little bit of blue sky. could see temperatures in the south—east into the 20s, maybe 23 but mostly , again, 23 or 24, but mostly, again, we're teens , low 20s at we're high teens, low 20s at best. and feeling cooler with that breeze continuing to bring outbreaks of rain across northern scotland. sprinkling of showers elsewhere could be 1 or 2 heavy ones over eastern parts through the evening and indeed continuing overnight. elsewhere, most places will become dry. we'll fair bit of cloud we'll keep a fair bit of cloud around temperatures will around and temperatures will mostly hold up to 11 to 14

celsius. friday again, dry and bright for the most part. but there will be some showers again, particularly over north east england initially and then moving south into parts of lincolnshire , east anglia and lincolnshire, east anglia and the south—east, sprinkling of heavy afternoon showers, but further west many places dry and a better chance of seeing some sunny spells, particularly in the wales the afternoon for wales and southwest england. again, temperatures or low temperatures high teens or low 20s goodbye . 20s goodbye. >> that warm feeling inside from boxt boilers. proud sponsors of weather on

gb news 0. >> welcome back to the live desk. let's look ahead to what could be more dramatic events in washington, dc. today . donald washington, dc. today. donald trump court later as he's trump in court later as he's accused of plotting effectively to overturn the 2020 election. the former us president is hit with criminal charges , of with criminal charges, of course, on other issues. three times in the past four months. >> and you can see a live pictures of washington , d.c, pictures of washington, dc, where security has been ramping up outside the barrett prettyman courthouse . we are expecting courthouse. we are expecting donald trump to appear in court at 9:00pm our time . that will be at 9:00pm our time. that will be 4 pm. eastern time. whether we get to see him going in in person , we're not yet sure, but person, we're not yet sure, but we do think he'll be fingerprinted. yeah, well, we know he's going to be

fingerprinted. >> we don't know about the mug shot, but he's flying down from his jersey golf resort and his new jersey golf resort and will well , facing a rather will be well, facing a rather different bunker , perhaps in different bunker, perhaps in terms of the criminal law and the politics. molly jong—fast is a special correspondent , vanity a special correspondent, vanity fair, host of the fast politics podcast, who joining us now . and podcast, who joining us now. and i guess that the other element is this courthouse is literally around the corner from the capitol building where we saw the rioting in january, january sixth, and of course, where he made that speech. it's coming home to roost. >> yeah, i mean , i think that >> yeah, i mean, i think that people in the district of columbia have been more affected by the january 6th riots and by the protests before then than they have in palm beach or they have in these other jurisdictions where trump has or will likely be indicted. >> and we were talking earlier about mike pence, who could be a very, very significant witness here because he was making contemporaneous notes in the

days leading up to the riots. >> yeah, mike pence was actually the person that this whole scheme hinged on right. that they were pressuring mike pence pence to overturn the electors to make this sort of very unusual move of throwing out these electors and substitute these electors and substitute these fake electors, which was something he never had, the constitutional jurisdiction to do. and in fact , at the he was do. and in fact, at the he was sort of soul searching and trying to figure out if he could do it, because, remember, a lot of republicans in america are deeply afraid of donald trump or they are deeply i don't even know what their motivation is , know what their motivation is, but with a lot of stuff. >> and stance on this is >> and their stance on this is that washington is a democrat town, so you won't get a fair heanng town, so you won't get a fair hearing . the judge who will hear hearing. the judge who will hear it eventually an obama it eventually was an obama appointee to the bench . appointee to the to the bench. and so they're starting this narrative already. >> well, this narrative already started , right, with first started, right, with the first indictment. i mean, what's interesting is in florida, trump

has a judge that was his has gotten a judge that was his judge. appointed her and she judge. he appointed her and she has been very favourable to him. judge eileen cannon and there has still been this right wing narrative. i mean, what's interesting to me is that you conservatives had republicans in america had a choice. they could dump trump and go for any number of other republican candidates from mike pence to you know, anyone else. and instead , they anyone else. and instead, they decided to stay with trump and dump the law , you know, and say dump the law, you know, and say it's wrong for, you know, to the law to be against trump . he law to be against trump. he should be above the law. >> yeah. and what does it say about the american psyche, if you like, that that here is a man who could potentially be facing years in prison, but could become president and could pardon himself. yes, people are still going to vote for this guy i >> -- >> he is the republican frontrunner. he very likely will win the republican nomination. i mean , he nobody else can even

mean, he nobody else can even touch him, even though he keeps getting indicted. and in fact , getting indicted. and in fact, his first indictment was an enormous cash cow for him. he raised a tonne of money. he shot up in the polls. i mean, trump has been very smart about i mean , smart, wily about pushing this and saying they're not indicting me. they're indicting you. yeah. >> yeah . and an indication that >> yeah. and an indication that his legal team want this to be delayed as long as possible. prosecution obviously want to press on because we've got this narrative of the politic cycle sort of calendar and the court calendar running alongside. and i guess this will feed into their efforts to try and say this is a political persecution done? >> well, i think one of the problems that the prosecution is going to have is that there are so many cases, right. you have two cases. you have one two federal cases. you have one state you're to state case and you're going to have very in have another one very soon in georgia. you're going to have georgia. so you're going to have all of these cases. and trump is, and you saw from

is, by the way, and you saw from the documents his the filing documents for his pack, spent millions pack, they have spent millions and millions of dollars on his legal defence. i mean, just and they're going to have to spend millions more . so millions and millions more. so the think , is that, the problem i think, is that, you know, the timing of all of these cases will actually hurt these cases will actually hurt the prosecution because he'll be able to kick them down the can. right. >> will it hurt him politically? because clearly he is still riding high terms of the riding high in terms of the republican polling. the republican polling. but the bigger is it goes to bigger question is it goes to the 2024 race with biden is what the 2024 race with biden is what the floating voters, the so—called soccer moms and those who are undecided, what that will do to him? >> well, here's the thing. in america , we don't win. we don't america, we don't win. we don't declare president with the popular we declare popular vote. we declare president with electoral president with the electoral college . college. >> the votes state by state. right >> so he does not have to win the popular vote. in fact, a lot of republicans don't win the popular but win the popular vote, but they win the electoral college. just needs electoral college. he just needs to a certain number votes to win a certain number of votes in wisconsin and michigan. and you know, he just needs to rack up big states. that up the big states. and that has

always been his game. so i think right now the campaign is just trying to stay alive. but i think that, you know, once he gets the nomination, it's anybody. his guess and we we've heard from trump junior or heard from eric trump junior or donald trump junior earlier, basically the same . basically the same. >> yes, that's true. hard to tell apart. >> but we have seen his phrase love above. but we haven't seen ivanka trump, son in law, jared kushner, ivanka trump, son in law, jared kushner , melania trump. they've kushner, melania trump. they've all gone very quiet . all gone very quiet. >> would you go along with this ? i mean, it seems i mean, he may win. he may win president again. but, you know , he's he's again. but, you know, he's he's got a lot he's looking at a lot of legal cases on an expense for the lawyers as well, and also for the donors. >> yeah. thank you very much for joining us. and of course, we'll continue monitor 4:00 us continue to monitor 4:00 us time, 9:00 london time. we'll have all the latest here on gb news. but let's get an update now on the headlines. rihanna is waiting for .

now on the headlines. rihanna is waiting for. us >> mark, thank you. good afternoon. it's 232. your top stories from the newsroom . i'm stories from the newsroom. i'm the bank of england has raised its interest rate for the 14th time in a row. its increasing from 5 to 5.25. the highest base rate since 2008. the bank says it expects inflation to be halved by the end of the year. one of the government's key priorities , the increase piles priorities, the increase piles yet more pressure on borrowers, mortgage holders and struggling households. but the governor of the bank of england says he expect s inflation on the price of goods to ease core goods. >> price inflation continues to be broad based . it's taking time be broad based. it's taking time for the fall in energy prices to work through the supply chain and the prices of imported goods have continued to rise despite a fall in world export prices . and fall in world export prices. and that's why in our central projection, we expect core goods price inflation to come down,

grab really. but let me be clear. we do expect core goods inflation to ease over the rest of the year. and there are indicators that suggest it could happen faster than in our projection . meanwhile high projection. meanwhile high street retailer wilko has warned it's on the brink of collapse , it's on the brink of collapse, putting around 12,000 jobs at risk . risk. >> the boss of the homeware chain says it expects to go into insolvency after failing to secure a takeover offer to help the business with mount owing cash pressures. wilko which has about 400 uk stores, has filed a nofice about 400 uk stores, has filed a notice of intention to appoint administrators at the high court and the for greenpeace activists that climbed onto the roof of the prime minister's home in nonh the prime minister's home in north yorkshire have been arrested . they'd been protesting arrested. they'd been protesting against 100 new north sea oil and gas licences granted by rishi sunak. he says he won't apologise for supporting the exploration. the activists scaled the pm's house this

morning, draping it in black fabnc morning, draping it in black fabric to drive home what they call the dangerous consequences of the policy . and you can get of the policy. and you can get more on all of those stories by visiting our website, gbnews.com

>> welcome back to the live desk

. some breaking news coming in from north yorkshire police who say those four greenpeace activists that came down off the roof of the prime minister's house were arrested on suspicion of causing criminal damage and pubuc of causing criminal damage and public nuisance. the assistant chief constable elliot foskett saying shortly after 8 am. this morning we responded swiftly to reports of protest activity at the prime minister's north yorkshire address . no threat to yorkshire address. no threat to the wider public. it's now been brought to a safe conclusion just reflect, of course, greenpeace said they up greenpeace said they were up there this morning, so there by 6:00 this morning, so up for hours before up there for two hours before the got to them. the police got to them. >> the bank of england has >> now the bank of england has raised you raised interest rates, as you might heard , to a new 15 might have heard, to a new 15 year high of 5.25% as it tries to control rising inflation. we want to know how this affects you.so want to know how this affects you. so we've pulled together a people's panel to find out. let's cross over to the very appropriately named number ten cafe and restaurant in chesterfield. i wonder why our east midlands reporter will hollis chose that? will, you are with our panel.

>> yes. it's incredibly spacious here at the cafe, but probably not quite as big as the prime minister is. house number 10 downing street, of course , downing street, of course, chesterfield, about 100,000 people live here, a big town right in the heart of the midlands. and we tried to fit them all in, but it just wasn't quite big enough. we've got a little selection, though. our people's panel today. we've got james we've got councillor james and we've got councillor steve but we've got steve reed, but we've also got hugh joined us. we've hugh who's just joined us. we've been interest been talking about interest rates course, the story rates. of course, it's the story of the day as a tea merchant, a businessman, how is that interest rise going affect interest rise going to affect your business? >> it's going to put overheads up. >> we we're seeing also the effect will be that customers have got less money to spend as a result, which also is not very good when you're selling, you know, fine quality teas and coffees. it's the whole idea is that they're not cheap, you know , so it's going to have a negative effect . negative effect. >> that's the kind of thing that isuppose >> that's the kind of thing that i suppose gets missed from the

shopping list at the moment. is it maybe in killamarsh where you're from in north—east derbyshire , where people are derbyshire, where people are having to make really difficult decisions? steve, on the things that they might be buying because of these interest rates and effect it has the and the effect it has on the money they've yeah, money that they've got? yeah, 100. businesses 100. i think when businesses have put prices up have to put their prices up because interest rates, because of interest rates, they're choices they're making difficult choices about paying they're making difficult choices abou�*grocery paying they're making difficult choices abou�*grocery or paying1g their grocery bill or paying heating what they're their grocery bill or paying heating doing what they're their grocery bill or paying heating doing with hat they're their grocery bill or paying heating doing with their1ey're their grocery bill or paying heating doing with their money. actually doing with their money. it that there's less it also means that there's less employment going around because businesses tough employment going around because busines about tough employment going around because busines about staff. tough employment going around because busines about staff. so )ugh choices about the staff. so there's job opportunities choices about the staff. so thea's job opportunities choices about the staff. so thea 's the opportunities choices about the staff. so the a 's the constituentss for a lot of the constituents that i represent. child that i represent. and child care is cost , which is already a huge cost, which prohibits a lot of people from going back to work when they're paying. £80 for half paying. we pay £80 for a half day for one two year old and we still got a six month old to sort. if you're paying £320 sort. so if you're paying £320 a day for two children, for childcare, for my wife, it just doesn't sense. doesn't make sense. >> so there's all these >> so there's all of these things the cost things that add up to the cost of living people do find it of living and people do find it hard. >> benefit interest rate >> the benefit of interest rate rates be people can rates should be that people can save but that's not save more, but that's not currently the currently happening with the banks. the banks. and i know the government's something government's brought something

out to pass the out to say they need to pass the interest rates on savings, interest rates on for savings, but yet. and but we're not there yet. and overall, of living is a overall, the cost of living is a big challenge for people, especially the people i represent, interest represent, that interest rates are difficult because are really difficult because mortgages people that mortgages go up and people that are debt, they might to are in debt, they might have to pay are in debt, they might have to pay bit more . hugh, pay a little bit more. hugh, you've joined the you've just joined us on the people's you're people's panel today. you're retired servant, years people's panel today. you're retiryso servant, years people's panel today. you're retiryso yourservant, years people's panel today. you're retiryso your memory years people's panel today. you're retiryso your memory willears people's panel today. you're retiryso your memory will span old. so your memory will span back a little bit further than all of us here. how does this compare to interest? you know, high interest rates of the last 74 years of your life? yeah >> you know, if you go back to the late 70s and the early 80s when i experienced really high interest rates being newly married and really struggling , married and really struggling, we were hitting 16% in those days. >> now i know the world is different now. you know, in drawing direct comparisons between then and now are really hard. >> but we had hardly anything . >> but we had hardly anything. >> but we had hardly anything. >> you know, i was saying to someone earlier, you know, how do you cut back on having beans on know , for tea or on toast? you know, for tea or whatever? and i imagine there will be families nowadays who will be families nowadays who

will a similar position. will be in a similar position. it be really, really tough. it will be really, really tough. but nothing . young people but we had nothing. young people nowadays lots of the nowadays have got lots of the majority of people have got lots of things that they didn't necessarily need to buy buy. and, you know, they'll all have high mortgages . we didn't have high mortgages. we didn't have a high mortgages. we didn't have a high mortgages. we didn't have a high mortgage either because they wouldn't lend you lots of money in those days. whereas nowadays they encourage you to take as much debt as they can. so people are kind of stuck between the devil and the deep blue sea . and i don't know where blue sea. and i don't know where you go when you've got nowhere to expand. >> you said the world is a little bit different. the standard of living here in britain is obviously massively different from the £70. how do you think this is going to affect your customers decisions 7 affect your customers decisions ? you said maybe they're going to bit less, but to buy a little bit less, but ultimately you need to pay your staff and you want your business ultimately you need to pay your stigrow.1 you want your business ultimately you need to pay your stigrow. what'sant your business ultimately you need to pay your stigrow. what's the your business ultimately you need to pay your stigrow. what's the nextbusiness ultimately you need to pay your stigrow. what's the next step|ess to grow. what's the next step for you? >> a direct a really good example. we supply sainsbury's and waitrose nationally with cocoa powder and it's fair.

fairtrade organic cocoa powder. >> we're doing the right thing by the people who produce it. we're also doing the right thing by the planet with it. >> but we've seen sales drop because people will pick, they'll think, okay, well i can't afford to this social can't afford to make this social decision make purchase decision when i make my purchase , i'm going to the one next , i'm going to buy the one next to it that isn't fair trade. >> as good >> it might not be as good quality, i still get to make quality, but i still get to make my chocolate and it's a my chocolate cake and it's a real issue and not people not having something to treat themselves with , with makes for themselves with, with makes for people being cheesed off. >> you know, upset most of the time. >> and it just doesn't do good for the general demeanour of the country , let alone whether you country, let alone whether you can actually, you know, how much money you've got in your wallet. >> what did you say earlier? how much more is the cocoa powder or whatever product it's going to be cost because of this rate rise today? >> the market's >> well, bizarrely, the market's actually after a rate actually normally after a rate rise, the financial the rise, the financial markets, the pound slightly pound will strengthen slightly for a blip for a couple of days. >> well, literally, on the

announcement of the of the rate increase, the pound against the euro, the euro , the pound euro, the euro, the pound against the euro fell and so i'm just about to make a purchase of cocoa and we're still cocoa powder and we're still buying fair trade, organic. we're guns and we're sticking to our guns and unfortunately, that's that rate cost. we looked this morning and then we looked again just after lunchtime . lunchtime. >> um, and it's cost me about another £600. so so, you know, where's that going to go? it's it's, it's, it's going to be passed on. >> it can't not be. >> it's quite, quite a big jump isn't it. councillor steve reed , you're a conservative councillor in north east derbyshire . the decisions that derbyshire. the decisions that your local constituents are hard, they're part of the reason why they might vote in a certain way, but, but in a personal sense, how is it for you at the moment living in killamarsh? oh well with the family of four, it's tough. i mean there are other decisions that affect the cost living, not the cost of living, not just the rate rise. think energy costs rate rise. i think energy costs are one thing, and i know the government centrally working government centrally is working to them down. think

to bring them down. but i think we've remember the we've got to remember the government's first responsibility duty responsibility is to the duty and its people. and and welfare of its people. and there a lot of policies out there are a lot of policies out with, i'm not going to get too much on climate change, but all of things that we're of these things that we're starting low. what is it, starting to see low. what is it, ultra emission zones and ultra low emission zones and things that people things like that that people don't in our area don't want them in our area because we don't see the need. we have those capacities. we don't have those capacities. so interest so there's not just the interest rates, other costs rates, it's all the other costs . and things are coming in . and these things are coming in for to take our family into. for us to take our family into. sheffield brought sheffield sheffield has brought in at in an ultra low emission zone at the moment, that's a day the moment, but that's £60 a day commercial . but the way these commercial. but the way these things within 12 months things work is within 12 months that's going people . that's going to affect people. so stuff, these so all of that stuff, these these things as it these other things as well, it really makes impact on the really makes an impact on the family it's something family budget. it's something we talk about a lot, those ultra low emission zones. but the big conversation is, of course, about rates. it all about interest rates. but it all comes together, it? comes together, doesn't it? because much because it's ultimately how much money isn't it ? money people have, isn't it? >> well, thanks very much indeed for updating us. once more from number 10. a bit further north there from downing street. of course. now let's update you on

these four greenpeace protesters who scaled the prime minister's home in his north yorkshire constituency. then eventually arrested by north yorkshire police . when they came down from police. when they came down from the roof at lunchtime , the roof at lunchtime, campaigners were seen at rishi sunak private home. >> i emphasise private home draped in a massive oil black piece of fabric over the roof. mr sunak and his family are currently away on holiday in california, but it's still raised a massive security concern over protesters access to his estate. now greenpeace has tweeted, saying we knew he wasn't in. we knew how to climb up safely. we knew how not to cause damage. how the heck did they get so close to the property in the first place? >> well , it's property in the first place? >> well, it's certainly going to have to be an issue. i think that comes under review because regardless whetheryou're that comes under review because regardless whether you're the regardless of whether you're the leader of this country, the prime minister here is in residence or not. that is a sense of sight. but the very nature of the fact that it

houses regularly him and members of his family. houses regularly him and members of his family . so they're on of his family. so they're on this occasion were equal activists. but on another day it could be people with much more sinister and nefarious plans in mind. so clearly , there is some mind. so clearly, there is some concern, and it seems , as concern, and it seems, as i think a lot of people would be surprised to learn, that there doesn't seem to have been any kind of police or security presence near or around that property to stop people accessing it, including a former deputy chief constable of york , deputy chief constable of york, nonh deputy chief constable of york, north yorkshire, peter walker, saying this is absolutely astonished. >> major breach of security. they could have picked up your point left devices or booby traps a major failing and yet we've got the current assistant chief constable elliot foskett saying shortly after 8 am. this morning, we responded swiftly to reports of protest activity, gone to on say all now brought to a safe conclusion . but it may to a safe conclusion. but it may be there was some two hours

before they actually got there. after when they climbed onto the roof. >> well, this would trying still to get some clarification on greenpeace said initially that their activists went on to this roof at six in the morning . it roof at six in the morning. it would i keep saying it would be unbelievable will staggering if true. but if they have really been up there two hours before the police were alerted , that the police were alerted, that really would be very concerning indeed. >> and they spent six hours up there. then >> well, they spent a significant amount of time before they eventually came down. and of course, all that would happen in a situation like that where you've got activists at height, the last thing the police would do is go up there and start wrestling and arresting health and safety. yeah, i mean , you don't want to yeah, i mean, you don't want to end up either putting yourself at risk or indeed the activists. so they wait for them to come down. >> yeah, just at last. quick thought. trespass is a civil tort. it's not actually a crime as such, but they're saying they arrested on suspicion of causing

criminal damage and public nuisance . so we await to see nuisance. so we await to see whether there will be charges as such. >> yeah, there are always opfions >> yeah, there are always options available to the police in terms of what they can arrest someone for. and it's no doubt that they will probably be charged with some kind of relative minor offence. at the end of the day , having achieved end of the day, having achieved what their goal was, which was to get up there and get all this pubuchy to get up there and get all this publicity because we're talking about it, but we're not talking about it, but we're not talking about it, but we're not talking about it because of their particular message an issue. it's a very worrying issue around whether our vips , our around whether our vips, our leaders should actually enjoy a greater level of security . greater level of security. >> mark, thank you very much indeed.thank >> mark, thank you very much indeed. thank you . indeed. thank you. >> hundreds of spectators and competitors are flocking to glasgow as the world's biggest ever cycling event is taking place . place. >> but there could be some disruption during the championships. parking enforcement officers on strike certain roads are closed, however , our man tony mcguire,

however, our man tony mcguire, got there. i don't know if you managed to cycle there or whether you had to walk, tony. >> and no, i care about my calves too much. mark two to make that 2.3 miles cycle over from the east end of glasgow. but at last i am here in george square and i'm surrounded by hundreds of fans here in the fan zone and quite a festival atmosphere over here among the stalls and the various places that are looking to promote various merchandise now and this is a huge event for glasgow and actually the cycling world. so last year and if you can imagine, there had been 13 events, smaller events spaced out over the year. and for the first time they've been amalgamated for here in glasgow. so for example, last year the world road race championships , world road race championships, about 330 million people tuned into that . so you can imagine into that. so you can imagine what the expectation is are really high for here in glasgow. and of course about 1.1 million

people expect to attend events over the next few days. now, i didn't speak to quite that many, but i did speak to a few people here in the fan zone to gauge their reaction of their time here so far over for here the velodrome tonight. >> and then the amateur time trial is in just up the road from us. ten minutes up the road. so we'll be going up to see that as well. >> yeah, one of the carriageways of the dundee, arbroath been of the dundee, arbroath has been shut there's shut off, so there's a few details people just not details for people just not always happy about, you details for people just not always happy about , you know? always happy about, you know? >> no, not really, no. just here to see the event. take it all in, soak up the atmosphere. >> yeah. >> yeah, exactly. yeah. >> yeah, exactly. yeah. >> holiday and we're >> we're in holiday and we're soaking the cyclists. we're soaking up the cyclists. we're going velodrome tonight going to the velodrome tonight to cycling and to see the track cycling and have you been looking forward to this quite a while now? this for quite a while now? >> yeah yeah, you have, >> yeah. yeah yeah, you have, haven't you ? i mean, big haven't you? i mean, big cyclists at home? >> not really. only when we have to, but here to see our sister . to, but here to see our sister. >> oh. fab competing so , so >> oh. fab competing so, so giving a shout out then who are we looking out for? >> morgan newberry. >> yeah. she's >> yeah. she's >> she's paracyclist c5 .

>> she's paracyclist c5. >> she's paracyclist c5. >> she's paracyclist c5. >> she raced yesterday in the time trial. >> she's racing in the final on saturday to get the bronze medal hopefully woohoo. >> and she's racing this afternoon as well. >> i saw the fear in your eyes thatis >> i saw the fear in your eyes that is you almost forgot her event, but you did great. you did great. >> well, tony, competitors from 120 countries, but 34 scottish riders, i think include heading up to fort william for the mountain biking. i think you've got something there to actually help them, show them the direction to get to their i should give them a heads up because i never quite check my compass before this bit. >> mark. but let's just say for argument's sake that it's up in that direction an up to the north scotland head and yeah, north of scotland head and yeah, thatis north of scotland head and yeah, that is one of two events today, the other one being the track and the various track events down over the velodrome and this direction over towards the east end of the city. i'm having a bit too much fun here, but this is a great way to end there.

is a great way to end out there. but course, events over but of course, 13 events over the next 11 days, including that all important road race and interestingly enough, cycle ball . i don't know if you have ever heard of cycle ball in the studio so a bunch of cyclists take to the pitch and try and knock a ball about. i wonder what these amazingly sculpted athletes who are taking to the road race over the next few days will make of that. but all indeed all good festival atmosphere here in glasgow and certainly a great day out for families and athletes alike . families and athletes alike. >> and the weather's looking decent well , tony, the decent as well, tony, at the moment . give your head a good moment. give your head a good scrub. >> yes, indeed. you know, i kind of kind of lucked out. yeah i know. i know. i'm glad that it's somewhere where you could see. but yes, no, weather's holding out today. 11 days is a long time . so let's maybe play that time. so let's maybe play that one by ear, shall we? >> okay, tony, thank you for updating us there in glasgow. and we might send you up to fort william as well. who knows. but thanks for updating us there and thanks for updating us there and thank you for your company

today. >> we are on bikes, but we >> we are on our bikes, but we are at 12 till are back tomorrow at 12 till three. >> patrick next . stay with us on >> patrick next. stay with us on gb news. >> the temperatures rising, boxt solar proud sponsors of weather on . gb news. hello alex deakin on. gb news. hello alex deakin here with your latest weather update from the met office for gb news. >> not quite as wild as yesterday, but a cool, cloudy day for most. a bit of sunshine here and there, but there are also a few showers around this low the wet and windy low brought the wet and windy weather clearing low brought the wet and windy weath but clearing low brought the wet and windy weath but it clearing low brought the wet and windy weath but it is clearing low brought the wet and windy weath but it is allowing:learing away, but it is allowing the winds to come from the winds to come down from the north, bringing a cool and north, bringing a cool feel and quite a bit of cloud. plenty of showers across the highlands and the western isles and a scattering of showers across england wales could see 1 or england and wales could see 1 or 2 heavy ones, many places 2 heavy ones, but many places will for most of the day will be dry for most of the day and we'll see a little bit of sunshine here and there, some brightness poking through. a little blue sky could see little bit of blue sky could see temperatures in the south—east into the 20s, maybe 23 or 24, but mostly, again , we're high but mostly, again, we're high

teens, low 20s at best. and feeling cooler with that breeze continuing to bring outbreaks of rain across northern scotland, sprinkling of showers elsewhere could be 1 or 2 heavy ones over eastern parts through the evening and indeed continuing overnight but elsewhere, overnight. but elsewhere, most places will become dry. we'll keep a bit of cloud around keep a fair bit of cloud around and temperatures will mostly hold to 11 to 14 celsius. hold up to 11 to 14 celsius. friday, again in dry and bright for the most part. but there will be some showers again, particularly over north—east england. initially and then moving south into parts of lincolnshire, east anglia and the south east. a sprinkling of heavy afternoon showers, but further west many places dry and a better chance of seeing some sunny particularly in a better chance of seeing some sun afternoon particularly in a better chance of seeing some sun afternoon forticularly in a better chance of seeing some sun afternoon for walesly in a better chance of seeing some sun afternoon for wales and the afternoon for wales and southwest again, southwest england. again, temperatures or low temperatures high teens or low 20s goodbye . the temperatures 20s goodbye. the temperatures rising , boxt 20s goodbye. the temperatures rising, boxt solar proud sponsors of weather on . gb news sponsors of weather on. gb news the dewbs & co. the dewbs& co. >> we tackle the issues of the day with real robust debate.

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>> it's 3 pm. it's patrick christys this is gb news so much to get through today. we obviously start with this , okay? obviously start with this, okay? greenpeace has scaled rishi sunak home. it's opened up a right can of worms. our politician properties are off limits. our wedding's off limits. our wedding's off limits. what next? a funeral. where will the security and should we class groups like this as eco terrorists? we're seeing now on your screens there this group scaling rishi sunak house and unfurling these big black banners and they're saying no to just stop oil, no to new oil, i should say. and all of this going on. look, it took the police ages to get there. it took the police ages to get them arrested. is this making other people to go and people more likely to go and commit atrocities? we're going to be talking about it. all of this in other news, though. i am, of course, going to be talking of this david amess

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