andy verity, bbc news. some breaking news before we talk more about mortgage prisoners.le to play champions league football for the next two seasons. the court of arbitration for sport has just announced its verdict from a three—day appeal hearing that took place in june a three—day appeal hearing that took place injune into the serious breaches of uefa's financial regulations. city were found guilty of those back in february. we can speak to sports correspondent andy swiss so why have they come to this decision? city fans will be breathing a hefty sigh of relief. manchester city were originally accused of breaching uefa's financial fair play regulations will stop these rules are essentially trying to make sure clubs spend within their means and don't get into serious financial difficulties and also make sure wealthy owners don'tjust pour money into football clu bs. don'tjust pour money into football clubs. it was originally alleged in a series of leaked e—mails that city had inflated the size of sponsorship deal so their owner could invest more money in the club than th

on jobs won't be felt until the furlough scheme ends in october, as our economics correspondent, andy verity cuts in some job cuts in the last three months have made headlines, but many morejobs have gone months have made headlines, but many more jobs have gone from months have made headlines, but many morejobs have gone from less months have made headlines, but many more jobs have gone from less famous names. 649,000 fewer people on employers' payrolls is a statistic but, for each person, like phil and danielle, it's a heavy blow financially and emotionally.” danielle, it's a heavy blow financially and emotionally. i was devastated. i was absolutely devastated. i was absolutely devastated. i was absolutely devastated. i do feel a sense of shame, ina devastated. i do feel a sense of shame, in a way, because, for me, i don't like to be out of work. i love working. i love being in ajob. daniel had got herfirstjob in november to digital marketing company but got made redundant two weeks ago. she has applied for 50 jobs had only two responses. redundancy was the last thing on my mind. ithought r

andy verity has this expensive repair.the pandemic has a bitter aftertaste. more than 170,000 people including many key workers are trapped on mortgages paying up to double the normal interest rates, hundreds of pounds extra every month, because of something the government did. melissa has been dressing and protective equipment every day for round—the—clock shifts in the pipeline at scunthorpe general hospital, including the intensive care unit, but financially she's deal is far from supported. intensive care unit, but financially she's deal is far from supportedlj look she's deal is far from supported.” look after my two children who are one and three, and i am stressed with the financial impact of not owning your own home. her husband kevin took out a £120,000 mortgage with northern rock into 2007, something he's had 13 years to regret. after it was nationalised at the government boosted the profits that can be made from repayments and high standard variable interest rates and so there name to an investor he had not hear

the hmrc, raised concerns about measures in yesterday's announcement. 0ur economics correspondent andy verity is unusual to say something like that in public and the reason hmrc are concerned for the value for money for taxpayer were also reflected by the institute for fiscal studies. taking the first measure that came under criticism, thejob retention measure that came under criticism, the job retention scheme, measure that came under criticism, thejob retention scheme, that measure that came under criticism, the job retention scheme, that is chopped in cost up to £91; billion, a sizeable sum of money —— £91; billion. it pays £1000 to every employerfor billion. it pays £1000 to every employer for every employee that comes back from fellow. so what are you achieving by throwing that money at employers? and others who were going to come off furlough as social distancing eased anyway. so you are going to pay billion pounds and it's not obvious what you will achieve. there are similar criticisms of the eat out to help out scheme, half £1 billion of taxpayer money subsidising people to go out to

may's gdp growth fell far short of the 5% rise expected by most economists — as andy verity reports.the office for budget responsibility said this morning would be the biggest recession in 300 years. since may, some business has returned after two months of no income. we have got all our local customers back which is really nice, our regulars, and we have gained some new ones as well. so, optimistic, i think that's the best thing to say, but yeah, it did hit us, as everybody, really hard. the economy shrank by nothing less than a fifth in the three months until the end of may, nearly ten times the size of the worst three months of the global financial crisis. in the midst of the slump for bricks and mortar retailers, online shopping jumped to the point where this manchester based courier company says nearly every day has been like its busiest day last year. we did a 1.3 million parcel peak which was our peak day, which was black friday 2019, and we have seen 1.4 million parcels during that period of time so we are experiencing the same levels that we experienced over the christmas pe

on jobs won't be felt until the furlough scheme ends in october, as our economics correspondent andy veritythree months have made headlines, but many more jobs have gone from less famous names. 649,000 fewer people on employers' payrolls is a statistic but, for each person, like phil graham and danielle skinner, it's a heavy blow financially and emotionally. i was devastated. i was absolutely devastated. i do feel a sense of shame, in a way, because, for me, i don't like to be out of work. i love working, i love being in ajob. danielle had got herfirstjob in november to digital marketing company, but got made redundant two weeks ago. she has applied for 50 jobs had only two responses. i felt heartbroken personally because i had just started to get my career going and i felt like everything wasjust falling to pieces. phil lost his job as a pilot and trainer in march when his airline, flybe, went bust. and there is little prospect of getting back to the job he loves. i wish i knew what i could do now. my plan, basically, is to look at anything that i can do. i try to call the recruitment agen

our economics correspondent andy verity has this exclusive report.ing the government did. melissa antwhistle has been dressing in protective equipment every day for round—the—clock shifts on the front line at scunthorpe general hospital, including the intensive care unit. but, financially, she feels farfrom supported. looking after our two children, who are one and three, we could do without the stress and anxiety of the financial impact of our nightmare home. her husband, kevin, who maintains a power station nearby, took out a 120,000 pounds mortgage with northern rock in 2007. something he has had 13 years to regret. after it was nationalised, the government boosted the profits that could be made from his repayment on high standard variable interest rates, then sold his loan to an investor he hadn't heard of who couldn't offer new mortgage deals. and he can't get out of it. we just feel like, as key workers, we are putting our lives at risk working on the front line for our country, and the being asked by our government to do this. when we've been

andy verity.navirus of recovery plan at 4:30pm with our financial experts. send your questions using twitter with the hashtag bbc your questions or you can e—mail them. let's get some reaction from business now. the chief economist at the cbi joins us from oxford. your initial reaction to what the chancellor has said ? look, i think is absolutely right to prioritisejobs. i think in look, i think is absolutely right to prioritise jobs. i think in the same way we flattened the curve of the virus, we absolutely need to flatten the curve of rising unemployment. his focus on young people in particular is welcome. we know they bear the scars from recession. i think the kick starter programme, where the government will pay the wages up where the government will pay the wages up to 25 hours a week for a period of six months for young people is really, really valuable and something we look forward to working with the government on implementing. i think also the measures. . . implementing. i think also the

andy verity, bbc news. some news just some newsjust coming in some news just coming in to us.i have :an police are saying that athlete bianca williams, the meti have referred 5 are saying that athlete bianca williams, the meti have referred themselves that athlete bianca williams, the meti have at ferred themselves that athlete bianca williams, the meti have at the ed themselves that athlete bianca williams, the meti have at the to themselves that athlete bianca williams, the meti have at the to the nselves that athlete bianca williams, the meti have at the to the independent voluntary at the to the independent 0ffice voluntary at the to the independent office for police conduct over that incident. this is amateur video of the incident. they referred themselves to the policing watchdog after his controversial stop and search of the team gb sprinter bianca williams and ricardo dos sa ntos a bianca williams and ricardo dos santos a portuguese runner who was stopped and made a veil on saturday. the end of an office for police conduct will investigate any wrongdoing for some in a

andy verity, bbc news. now we have the weather forecast.tland and into the small hours and northern england and wales in the south—west of england. a lot of moisture and humidity in the air so misty and murky over the hills and around the coasts. overnight lows of just 11—13, the best chance of any brightness on wednesday, over eastern england, detained end of the weather front moving in eastern england, detained end of the weatherfront moving in here, ——