Rate Rise: Martin Lewis on what it means
Newscast
BBC
4.3 • 6.6K Ratings
🗓️ 22 June 2023
⏱️ 31 minutes
🧾️ Download transcript
Summary
The Bank of England has raised interest rates to their highest level in nearly 15 years. Money expert Martin Lewis explains what it means for people with mortgages, renters and savers. He says increasing interest rates to tackle inflation is designed to hurt.
Also, Education Secretary Gillian Keegan discusses what the high rate of inflation means for pay negotiations with teachers.
Today's Newscast was presented by Adam Fleming. It was made by Clare Williamson. The senior news editor was Jonathan Aspinwall.
Transcript
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| 0:00.0 | Hello newscasters, Chris Mason here. |
| 0:02.2 | Quite another Thursday already. |
| 0:03.4 | So another Thursday newscast |
| 0:04.8 | when we're on the telly as well, BBC One, |
| 0:07.0 | after question time. |
| 0:08.3 | If you're not already, why don't you try subscribing to us, |
| 0:11.1 | following us on BBC Sounds |
| 0:12.6 | or wherever you find your podcasts |
| 0:14.2 | and then we'll pop up every time we turn out another episode. |
| 0:18.3 | Thanks a lot. |
| 0:19.2 | BBC Sounds, Music, Radio, Podcasts. |
| 0:23.9 | Chris has been out and about on the road today, |
| 0:25.7 | so I gotta ask him. |
| 0:26.7 | Did you watch business questions |
| 0:28.2 | in the House of Commons, Chris? |
| 0:29.4 | This morning. |
| 0:30.4 | I didn't see business questions this morning. |
| 0:33.1 | No, that was a gap in my Thursday schedule, which was much missed. |
| 0:38.0 | Well, that's a shame because actually newscast came up in it. |
| 0:40.8 | Here is the story. |
| 0:41.9 | In the opening music, we have lots of clips of politicians, |
| 0:44.4 | including Penny Mordent, saying this |
... |
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