Are we in for a winter of financial hope or pain?

The Bank of England has held interest rates at 3.75% in a move which might come as some relief for mortgage holders. However the Bank’s governor has warned about high energy costs coming down the line.

The move comes in contrast to the US Federal Reserve increased interest rates for the first time in more than three years. So what does this say about the UK economy? And, for the impact on the cost of living in Winter? Adam, Chris and Faisal are joined by Stephanie Flanders, head of Economics and Government at Bloomberg.

00:00 Bank of England holds rates
01:14 What the decision means for mortgages and savers
03:33 Why are the US and Europe acting differently?
05:38 Budget choices for the chancellor
08:07 Are there tough choices ahead?
15:10 What is the impact of the Middle East?
19:54 What have bonds got to do with it?

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There has been no pause in fighting between Russia and Ukraine, despite US President Donald Trump’s claim that both sides would temporarily stop targeting each other’s critical energy infrastructure. Russia says a gas pipeline was hit in the south of the country in an attack overnight, while officials in the Zaporizhzhia region of Ukraine said Russian attacks had disrupted power supplies to some areas. Moscow has targeted Ukraine’s power grid throughout the war, leading to significant blackouts. Meanwhile, Kyiv has ramped up its strikes on oil refineries and other energy facilities, as its drones and missiles reach further into Russian territory.

Also in the Global News Podcast:
04:00 Nato jets shoot down a drone in Lithuanian air space
05:54 The UN says thousands of refugees have fled Yemen for Djibouti as Iran-backed Houthis battle government forces
07:36 Kenya will be the first African country to host the World Athletics Championship
09:55 Why Japan has so many centenarians
11:58 Researchers say reading for pleasure could reduce the risk of dementia
15:43 We meet the Ukrainians risking their lives to deliver the post

The Global News Podcast brings you the best of the BBC’s news coverage and analysis from around the world. You can watch us on YouTube every weekday – and find the audio version wherever you get your podcasts. If you would like to get in touch, you can email us at globalpodcast@bbc.co.uk.

Subscribe to our channel here: https://bbc.in/bbcnews

For the latest news download the BBC News app or visit BBC.com/news

#Russia #Ukraine #BBCNews

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President Trump has unveiled his plans for what he claims is a credible peace deal between Israel and the Palestinians, including a promise to keep Jerusalem as Israel’s undivided capital. Mr Trump announced the proposals at the White House alongside the Israeli Prime Minister Benjamin Netanyahu. The President said the deal ‘would work’ but no Palestinian officials were involved and they have rejected the proposals. At the heart of the conflict is a dispute over land ever since the creation of the state of Israel in 1948.

Tonight’s BBC News at Ten is presented by Huw Edwards with contributions from the BBC’s Middle East Editor Jeremy Bowen and International Correspondent Orla Guerin.

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The UK terror threat level has been raised to its highest level of “critical”, meaning further attacks may be imminent, Theresa May …

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The biggest UK rail strikes in 30 years have begun, causing severe disruption to passengers.

Industrial action is taking place over June 21, 23 and 25, with commuters advised not to travel by train.

The National Union of Rail, Maritime and Transport Workers (RMT) called for action over pay, job cuts, and changes to working conditions. It wants a 7% pay rise, compared to the 3% offered by employers.

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