Browse content similar to 18/05/2014. Check below for episodes and series from the same categories and more!
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The Governor of the Bank of England gives his strongest warning yet | :00:00. | :00:10. | |
about the risks to Britain's economy of the booming housing market. Mark | :00:11. | :00:13. | |
Carney says not enough houses are being built - the Government says it | :00:14. | :00:17. | |
may need to scale back its Help to Buy scheme to ease demand. There are | :00:18. | :00:21. | |
fears that floods in the Balkans, which have killed at least 20 | :00:22. | :00:23. | |
people, are about to get worse. And the Gunners' glittering prize - | :00:24. | :00:32. | |
Arsenal show off the FA Cup in the North London sunshine. | :00:33. | :00:51. | |
Good afternoon. The Governor of the Bank of England, Mark Carney, has | :00:52. | :00:56. | |
given his strongest warning yet about the risks posed to Britain's | :00:57. | :00:59. | |
economy by the booming housing market. He said the market had what | :01:00. | :01:03. | |
he called "deep structural problems", with not enough houses | :01:04. | :01:10. | |
being built. The Deputy Prime Minister, Nick Clegg, says the | :01:11. | :01:13. | |
Government may have to scale back its Help to Buy scheme, to help | :01:14. | :01:17. | |
dampen down rising house prices. Here's our business correspondent, | :01:18. | :01:18. | |
Emma Simpson. House prices - they are something of | :01:19. | :01:28. | |
an obsession in the UK, and on the whole, they are going up. But are | :01:29. | :01:33. | |
there dangers ahead? The Governor of the Bank of England thinks there | :01:34. | :01:36. | |
could be, saying this is a market which has deep structural problems. | :01:37. | :01:41. | |
There are not sufficient houses built in the UK. We are not going to | :01:42. | :01:46. | |
build a single house at the Bank of England, we cannot influence that. | :01:47. | :01:49. | |
build a single house at the Bank of What we will influence, and we will | :01:50. | :01:51. | |
do this as appropriate, is, whether the banks are strong enough, do they | :01:52. | :01:57. | |
have enough capital, are the standards for | :01:58. | :02:00. | |
have enough capital, are the enough, so that people cannot get | :02:01. | :02:03. | |
them if they cannot afford them? Few would disagree that there is a | :02:04. | :02:07. | |
chronic shortage of houses. Just before the credit crunch, | :02:08. | :02:08. | |
chronic shortage of houses. Just an thousand properties were built in | :02:09. | :02:13. | |
England. Last year, the figure was 112,000. -- 100 77,000 houses. | :02:14. | :02:22. | |
Experts reckon we need to be building 250,000 houses every year. | :02:23. | :02:27. | |
That lack of supply is fuelling price rises, especially | :02:28. | :02:30. | |
That lack of supply is fuelling and the south-east. The | :02:31. | :02:32. | |
Government's Help to Buy scheme has also boosted the market, raising | :02:33. | :02:35. | |
speculation about whether Mark Carney might advise ministers to | :02:36. | :02:41. | |
rein it in. I think if he says that we need to pare back on some of the | :02:42. | :02:44. | |
government schemes, like Help to Buy, then I think we should do so. | :02:45. | :02:48. | |
And he is certainly right when he says, the bigger long-term problem | :02:49. | :02:51. | |
is we simply do not build enough homes in this country. But with | :02:52. | :02:55. | |
house prices varying hugely across the UK, the Bank of England has a | :02:56. | :03:00. | |
difficult balancing act. House prices in London may be 40% above | :03:01. | :03:06. | |
where they were in 2007, but house prices in Northern Ireland are still | :03:07. | :03:10. | |
on balance 30% below where they were at that time. It is a very difficult | :03:11. | :03:16. | |
juggling act for the Bank of England and for politicians. Will the | :03:17. | :03:21. | |
Governor step in to cool things down? He is certainly watching this | :03:22. | :03:22. | |
market very closely. There are fears that floods which | :03:23. | :03:29. | |
have already claimed more than 20 lives and forced tens of thousands | :03:30. | :03:32. | |
out of their homes in the Balkans are about to get worse. The Bosnia | :03:33. | :03:36. | |
city of Doboj and the Serbian capital, Belgrade, have been | :03:37. | :03:38. | |
worst-affected. Our world affairs correspondent Paul Adams reports. 20 | :03:39. | :03:48. | |
years ago, it was Army is chasing people from their homes. Now, it is | :03:49. | :03:52. | |
nature. Bosnia is facing the worst flooding in more than a century. | :03:53. | :03:55. | |
After three months' worth of rain in three days, the downpours have | :03:56. | :04:00. | |
eased, rivers are due to reach new aches later today. The authorities | :04:01. | :04:04. | |
are racing to rescue stranded people. There have been mud slides, | :04:05. | :04:09. | |
and in a part of the world still dotted with minefields, all sorts of | :04:10. | :04:13. | |
dangers lie under the surface. In neighbouring Serbia, the situation | :04:14. | :04:18. | |
is just as bad. Close to Belgrade, one vast power plant is marooned. It | :04:19. | :04:24. | |
supplies electricity to half the country, but capacity was cut when a | :04:25. | :04:28. | |
nearby coal mine was flooded. With river rivals rising, pumps are being | :04:29. | :04:33. | |
used to minimise the damage. The government is urging people to save | :04:34. | :04:37. | |
energy. Volunteers have arrived from all over the country, answering a | :04:38. | :04:41. | |
call to build up flood defences along the swollen Sava river. | :04:42. | :04:46. | |
TRANSLATION: We can only hope, we have done everything we could, now, | :04:47. | :04:53. | |
we can only pray to God. Overnight, in one town, rescue teams were | :04:54. | :04:57. | |
scouring inundated neighbourhoods amid scenes of devastation. | :04:58. | :05:01. | |
Thousands of people have already been evacuated. Many others, elderly | :05:02. | :05:05. | |
and the infirm, have yet to be rescued. This emergency now affects | :05:06. | :05:12. | |
a broad swathe of Serbia, Grozny and Croatia. Rescue teams have started | :05:13. | :05:15. | |
to arrive from across Europe, including Britain. -- Serbia, Bosnia | :05:16. | :05:24. | |
and Croatia. But the worst may now be over, with the weather forecast | :05:25. | :05:27. | |
good. Live now to our correspondent Guy Delauney, who is in Belgrade. | :05:28. | :05:34. | |
What is the latest? As you can see, the weather is superb. You can see | :05:35. | :05:38. | |
these volunteers putting in sandbags along the banks of the Sava river, | :05:39. | :05:45. | |
and they are expecting the floodwaters to come down from Bosnia | :05:46. | :05:50. | |
around Sunday evening, this evening, and that could raise the level of | :05:51. | :05:53. | |
the river to the point that it bursts its banks again. That will be | :05:54. | :06:00. | |
a problem here in Belgrade, but also particularly where the power station | :06:01. | :06:06. | |
is. If that floods, in Obrenovac, it could be a problem for the whole | :06:07. | :06:07. | |
country. It is reported that police in Turkey | :06:08. | :06:12. | |
have detained 18 people for questioning following the mining | :06:13. | :06:15. | |
disaster in the town of Soma that has now claimed more than 300 lives. | :06:16. | :06:18. | |
It is believed that executives from the company which owns the mine are | :06:19. | :06:22. | |
among those being questioned. The disaster has led to widespread | :06:23. | :06:25. | |
protests across Turkey over concerns about safety in the country's mining | :06:26. | :06:26. | |
industry. Arsenal are holding an open-top bus | :06:27. | :06:33. | |
parade to celebrate their FA Cup victory over Hull City. Yesterday's | :06:34. | :06:38. | |
win saw the team lift their first trophy in nearly a decade. Thousands | :06:39. | :06:42. | |
of fans have lined the route from the team's Emirates Stadium through | :06:43. | :06:46. | |
the streets of North London. Our correspondent Daniel Boettcher is at | :06:47. | :06:48. | |
Islington Town Hall in North London now. Yes, the players left the Town | :06:49. | :07:00. | |
Hall here about ten minutes ago, but there has been a carnival atmosphere | :07:01. | :07:04. | |
here all morning, young and old turning out to see their team, their | :07:05. | :07:08. | |
cup, and to enjoy their day in the sunshine. Party time in north | :07:09. | :07:16. | |
London. Blue skies, a blazing sun and a day to savour for fans who | :07:17. | :07:19. | |
have waited nine years without a trophy. All that changed yesterday, | :07:20. | :07:24. | |
and today, the team rewarded the many thousands lining the route from | :07:25. | :07:29. | |
the Emirates Stadium, holding aloft the FA Cup. It could all have been | :07:30. | :07:34. | |
so different at Wembley yesterday. Hull City went two ahead inside | :07:35. | :07:40. | |
eight minutes. A free kick from Santi Cazorla began to reduce the | :07:41. | :07:43. | |
deficit, and the winning goal came from Aaron Ramsey in extra time. | :07:44. | :07:50. | |
Trophy at last. Fans had been put through the mill once again, but | :07:51. | :07:54. | |
today, cheers and applause for the players, as the victory parade made | :07:55. | :07:57. | |
its way to Islington Town Hall. For Arsenal fans, this is a day to | :07:58. | :08:02. | |
forget the long wait, to enjoy the moment, to celebrate success. It is | :08:03. | :08:08. | |
a win which Arsene Wenger has described as an important moment in | :08:09. | :08:11. | |
the life of this team. Who would be a football fan? Emotionally drained, | :08:12. | :08:18. | |
hungover, no sleep, brilliant. Cannot believe it, coming from to | :08:19. | :08:23. | |
nail down, I am ecstatic. New York City, wonderful, sporting moment of | :08:24. | :08:29. | |
a lifetime, truly. So, a day to remember for a team which hopes FA | :08:30. | :08:33. | |
Cup success will leave it in a strong position for next season. The | :08:34. | :08:38. | |
crowds are beginning to disperse now, and those two open top buses | :08:39. | :08:44. | |
are making their way back to the Emirates Stadium, where there will | :08:45. | :08:50. | |
now be a new edition to the trophy cabinet. | :08:51. | :08:53. | |
The football celebrations have also been in full swing in Scotland. St | :08:54. | :08:58. | |
Johnstone are marking their Scottish Cup win over Dundee United with a | :08:59. | :09:01. | |
victory parade through the streets of Perth. St Johnstone's 2-0 win at | :09:02. | :09:04. | |
Celtic Park helped them claim their first major trophy in 130 years. | :09:05. | :09:08. | |
Live now to Perth and our correspondent Catriona Renton. What | :09:09. | :09:15. | |
an atmosphere there is here this lunchtime. Almost every person who | :09:16. | :09:19. | |
lives in Perth is out on the streets this lunchtime, waiting to see the | :09:20. | :09:23. | |
victorious St Johnstone team with that Scottish cup. They are so | :09:24. | :09:29. | |
proud, this is the first major trophy that this team has won in 130 | :09:30. | :09:36. | |
years. We are expecting the bus to come past within a few moments. The | :09:37. | :09:42. | |
reason for all of this, yesterday's victory over Dundee United in the | :09:43. | :09:50. | |
Tayside. , which St Johnstone won 2-0. I have been speaking to the | :09:51. | :10:03. | |
crowds this morning. Some of the people I have spoken to this morning | :10:04. | :10:06. | |
hardly had a voice left, after wild parties last night. We are expecting | :10:07. | :10:09. | |
them to continue throughout the day. You can see more on all of today's | :10:10. | :10:17. | |
stories on the BBC News Channel. The next news on BBC One is at 6.35 this | :10:18. | :10:19. | |
evening. Bye for now. Hello. For many of us, the weather | :10:20. | :10:37. | |
this weekend has been more like the middle of July. So, it is a warm | :10:38. | :10:43. | |
start to the week ahead, but turning increasingly unsettled I think for | :10:44. | :10:45. | |
all of | :10:46. | :10:46. |