:00:00. > :00:10.The Governor of the Bank of England gives his strongest warning yet
:00:11. > :00:13.about the risks to Britain's economy of the booming housing market. Mark
:00:14. > :00:17.Carney says not enough houses are being built - the Government says it
:00:18. > :00:21.may need to scale back its Help to Buy scheme to ease demand. There are
:00:22. > :00:23.fears that floods in the Balkans, which have killed at least 20
:00:24. > :00:32.people, are about to get worse. And the Gunners' glittering prize -
:00:33. > :00:51.Arsenal show off the FA Cup in the North London sunshine.
:00:52. > :00:56.Good afternoon. The Governor of the Bank of England, Mark Carney, has
:00:57. > :00:59.given his strongest warning yet about the risks posed to Britain's
:01:00. > :01:03.economy by the booming housing market. He said the market had what
:01:04. > :01:10.he called "deep structural problems", with not enough houses
:01:11. > :01:13.being built. The Deputy Prime Minister, Nick Clegg, says the
:01:14. > :01:17.Government may have to scale back its Help to Buy scheme, to help
:01:18. > :01:18.dampen down rising house prices. Here's our business correspondent,
:01:19. > :01:28.Emma Simpson. House prices - they are something of
:01:29. > :01:33.an obsession in the UK, and on the whole, they are going up. But are
:01:34. > :01:36.there dangers ahead? The Governor of the Bank of England thinks there
:01:37. > :01:41.could be, saying this is a market which has deep structural problems.
:01:42. > :01:46.There are not sufficient houses built in the UK. We are not going to
:01:47. > :01:49.build a single house at the Bank of England, we cannot influence that.
:01:50. > :01:51.build a single house at the Bank of What we will influence, and we will
:01:52. > :01:57.do this as appropriate, is, whether the banks are strong enough, do they
:01:58. > :02:00.have enough capital, are the standards for
:02:01. > :02:03.have enough capital, are the enough, so that people cannot get
:02:04. > :02:07.them if they cannot afford them? Few would disagree that there is a
:02:08. > :02:08.chronic shortage of houses. Just before the credit crunch,
:02:09. > :02:13.chronic shortage of houses. Just an thousand properties were built in
:02:14. > :02:22.England. Last year, the figure was 112,000. -- 100 77,000 houses.
:02:23. > :02:27.Experts reckon we need to be building 250,000 houses every year.
:02:28. > :02:30.That lack of supply is fuelling price rises, especially
:02:31. > :02:32.That lack of supply is fuelling and the south-east. The
:02:33. > :02:35.Government's Help to Buy scheme has also boosted the market, raising
:02:36. > :02:41.speculation about whether Mark Carney might advise ministers to
:02:42. > :02:44.rein it in. I think if he says that we need to pare back on some of the
:02:45. > :02:48.government schemes, like Help to Buy, then I think we should do so.
:02:49. > :02:51.And he is certainly right when he says, the bigger long-term problem
:02:52. > :02:55.is we simply do not build enough homes in this country. But with
:02:56. > :03:00.house prices varying hugely across the UK, the Bank of England has a
:03:01. > :03:06.difficult balancing act. House prices in London may be 40% above
:03:07. > :03:10.where they were in 2007, but house prices in Northern Ireland are still
:03:11. > :03:16.on balance 30% below where they were at that time. It is a very difficult
:03:17. > :03:21.juggling act for the Bank of England and for politicians. Will the
:03:22. > :03:22.Governor step in to cool things down? He is certainly watching this
:03:23. > :03:29.market very closely. There are fears that floods which
:03:30. > :03:32.have already claimed more than 20 lives and forced tens of thousands
:03:33. > :03:36.out of their homes in the Balkans are about to get worse. The Bosnia
:03:37. > :03:38.city of Doboj and the Serbian capital, Belgrade, have been
:03:39. > :03:48.worst-affected. Our world affairs correspondent Paul Adams reports. 20
:03:49. > :03:52.years ago, it was Army is chasing people from their homes. Now, it is
:03:53. > :03:55.nature. Bosnia is facing the worst flooding in more than a century.
:03:56. > :04:00.After three months' worth of rain in three days, the downpours have
:04:01. > :04:04.eased, rivers are due to reach new aches later today. The authorities
:04:05. > :04:09.are racing to rescue stranded people. There have been mud slides,
:04:10. > :04:13.and in a part of the world still dotted with minefields, all sorts of
:04:14. > :04:18.dangers lie under the surface. In neighbouring Serbia, the situation
:04:19. > :04:24.is just as bad. Close to Belgrade, one vast power plant is marooned. It
:04:25. > :04:28.supplies electricity to half the country, but capacity was cut when a
:04:29. > :04:33.nearby coal mine was flooded. With river rivals rising, pumps are being
:04:34. > :04:37.used to minimise the damage. The government is urging people to save
:04:38. > :04:41.energy. Volunteers have arrived from all over the country, answering a
:04:42. > :04:46.call to build up flood defences along the swollen Sava river.
:04:47. > :04:53.TRANSLATION: We can only hope, we have done everything we could, now,
:04:54. > :04:57.we can only pray to God. Overnight, in one town, rescue teams were
:04:58. > :05:01.scouring inundated neighbourhoods amid scenes of devastation.
:05:02. > :05:05.Thousands of people have already been evacuated. Many others, elderly
:05:06. > :05:12.and the infirm, have yet to be rescued. This emergency now affects
:05:13. > :05:15.a broad swathe of Serbia, Grozny and Croatia. Rescue teams have started
:05:16. > :05:24.to arrive from across Europe, including Britain. -- Serbia, Bosnia
:05:25. > :05:27.and Croatia. But the worst may now be over, with the weather forecast
:05:28. > :05:34.good. Live now to our correspondent Guy Delauney, who is in Belgrade.
:05:35. > :05:38.What is the latest? As you can see, the weather is superb. You can see
:05:39. > :05:45.these volunteers putting in sandbags along the banks of the Sava river,
:05:46. > :05:50.and they are expecting the floodwaters to come down from Bosnia
:05:51. > :05:53.around Sunday evening, this evening, and that could raise the level of
:05:54. > :06:00.the river to the point that it bursts its banks again. That will be
:06:01. > :06:06.a problem here in Belgrade, but also particularly where the power station
:06:07. > :06:07.is. If that floods, in Obrenovac, it could be a problem for the whole
:06:08. > :06:12.country. It is reported that police in Turkey
:06:13. > :06:15.have detained 18 people for questioning following the mining
:06:16. > :06:18.disaster in the town of Soma that has now claimed more than 300 lives.
:06:19. > :06:22.It is believed that executives from the company which owns the mine are
:06:23. > :06:25.among those being questioned. The disaster has led to widespread
:06:26. > :06:26.protests across Turkey over concerns about safety in the country's mining
:06:27. > :06:33.industry. Arsenal are holding an open-top bus
:06:34. > :06:38.parade to celebrate their FA Cup victory over Hull City. Yesterday's
:06:39. > :06:42.win saw the team lift their first trophy in nearly a decade. Thousands
:06:43. > :06:46.of fans have lined the route from the team's Emirates Stadium through
:06:47. > :06:48.the streets of North London. Our correspondent Daniel Boettcher is at
:06:49. > :07:00.Islington Town Hall in North London now. Yes, the players left the Town
:07:01. > :07:04.Hall here about ten minutes ago, but there has been a carnival atmosphere
:07:05. > :07:08.here all morning, young and old turning out to see their team, their
:07:09. > :07:16.cup, and to enjoy their day in the sunshine. Party time in north
:07:17. > :07:19.London. Blue skies, a blazing sun and a day to savour for fans who
:07:20. > :07:24.have waited nine years without a trophy. All that changed yesterday,
:07:25. > :07:29.and today, the team rewarded the many thousands lining the route from
:07:30. > :07:34.the Emirates Stadium, holding aloft the FA Cup. It could all have been
:07:35. > :07:40.so different at Wembley yesterday. Hull City went two ahead inside
:07:41. > :07:43.eight minutes. A free kick from Santi Cazorla began to reduce the
:07:44. > :07:50.deficit, and the winning goal came from Aaron Ramsey in extra time.
:07:51. > :07:54.Trophy at last. Fans had been put through the mill once again, but
:07:55. > :07:57.today, cheers and applause for the players, as the victory parade made
:07:58. > :08:02.its way to Islington Town Hall. For Arsenal fans, this is a day to
:08:03. > :08:08.forget the long wait, to enjoy the moment, to celebrate success. It is
:08:09. > :08:11.a win which Arsene Wenger has described as an important moment in
:08:12. > :08:18.the life of this team. Who would be a football fan? Emotionally drained,
:08:19. > :08:23.hungover, no sleep, brilliant. Cannot believe it, coming from to
:08:24. > :08:29.nail down, I am ecstatic. New York City, wonderful, sporting moment of
:08:30. > :08:33.a lifetime, truly. So, a day to remember for a team which hopes FA
:08:34. > :08:38.Cup success will leave it in a strong position for next season. The
:08:39. > :08:44.crowds are beginning to disperse now, and those two open top buses
:08:45. > :08:50.are making their way back to the Emirates Stadium, where there will
:08:51. > :08:53.now be a new edition to the trophy cabinet.
:08:54. > :08:58.The football celebrations have also been in full swing in Scotland. St
:08:59. > :09:01.Johnstone are marking their Scottish Cup win over Dundee United with a
:09:02. > :09:04.victory parade through the streets of Perth. St Johnstone's 2-0 win at
:09:05. > :09:08.Celtic Park helped them claim their first major trophy in 130 years.
:09:09. > :09:15.Live now to Perth and our correspondent Catriona Renton. What
:09:16. > :09:19.an atmosphere there is here this lunchtime. Almost every person who
:09:20. > :09:23.lives in Perth is out on the streets this lunchtime, waiting to see the
:09:24. > :09:29.victorious St Johnstone team with that Scottish cup. They are so
:09:30. > :09:36.proud, this is the first major trophy that this team has won in 130
:09:37. > :09:42.years. We are expecting the bus to come past within a few moments. The
:09:43. > :09:50.reason for all of this, yesterday's victory over Dundee United in the
:09:51. > :10:03.Tayside. , which St Johnstone won 2-0. I have been speaking to the
:10:04. > :10:06.crowds this morning. Some of the people I have spoken to this morning
:10:07. > :10:09.hardly had a voice left, after wild parties last night. We are expecting
:10:10. > :10:17.them to continue throughout the day. You can see more on all of today's
:10:18. > :10:19.stories on the BBC News Channel. The next news on BBC One is at 6.35 this
:10:20. > :10:37.evening. Bye for now. Hello. For many of us, the weather
:10:38. > :10:43.this weekend has been more like the middle of July. So, it is a warm
:10:44. > :10:45.start to the week ahead, but turning increasingly unsettled I think for
:10:46. > :10:46.all of