The Week: Is The Economic Pain Still To Come?

Today, 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.

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Newscast brings you daily analysis of the latest political news stories from the BBC. The presenter was Adam Fleming. It was made by Anna Harris with Joe Wilkinson. The social producer was Gabriel Purcell-Davis. The technical producer was Michael Regaard. The assistant editor is Chris Gray. The senior news editor is Sam Bonham.