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Cost of Living: Price rises could cripple any business, owner says

A business owner has warned some companies will not be around in January if interest rates continue to rise.

It comes as the Bank of England has decided to raise interest rates from 2.25% to 3%, the biggest increase since 1989.

Inflation calculates prices for a range of general items and they currently 10.1% higher than 12 months ago but the bank's target is 2%.

Domenico Scarpetta knows what rate rises are like having faced them in the 1990s.

2 November 2022

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Ruth Dodsworth in the BBC studios in Cardiff. She is sitting on an orange sofa. She has cropped blonde hair and is wearing a fitted mauve top,

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'Beaujolais day is Swansea's Christmas'

Dylan Thomas, who is wearing a blue jumper and has brown hair, is smiling at the camera

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Strong winds and flooding as Storm Bert arrives

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How I obstruct trail fox hunting as a saboteur

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Huge football golden horn proves lucky for Wales

BBC reporter, Megan Davies, is central looking at the camera. She in presenting the social video. On her left is are images of a dog and a traditonal fox hunting helmet. On her right is a fox. All three images have been photo edited into the shot rather than placed there. On the table is a coffee insulation cup

Are people still fox hunting?

Flamingos in water with snow on the grass behind

Wildlife explores snow-covered Wales

Sheep in snowy field

Snow blankets parts of Wales in 'taste of winter'

Erin Lister

Man who binned Bitcoin says it's now worth £500m

Sabrina Lee stood in the BBC studio wearing a thick black coat with a hood

What you need to know with snow forecast

Darren Brown wearing grey polo and stood in front of police van

Watch as man who stabbed wife at their home arrested

Rachel Davies wearing a hospital gown and lying in a bed.

Welsh cancer patient denied life-extending drug

Ceri Roberts

Lottery winner describes 'life-changing' impact

A woman in a wheelchair. She is wearing a black jumper and a white and black skirt.

The women who are asked 'how do you have sex?'

Red buzzer with a hand on

Watch children's messages shame hospital smokers

Shane Lewis-Hughes

Rugby mental health in right direction - player

Megan Davies with road sign saying Yr Wyddfa

Learn how to say Wales' tallest mountain in Welsh

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Drone footage shows firefighters battling blaze

Natasha Harding in a Liverpool football kit

Ex-football star 'took thousands'

Natasha Harding is facing claims that she took money for one-to-one coaching that she did not deliver.

McLaren driver trying to beat the boys to F1

Ella Lloyd is on a mission to make it to Formula 1 after joining McLaren's academy for 2025.

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More than 100 firefighters tackle town centre blaze

The huge fire broke out in the centre of Abergavenny on Sunday and continued into Monday morning.

Lloyd running

Runner with Down's syndrome dances through marathon

Lloyd Martin could not be torn away from music he passed on the route, says his mum Ceri.

Jez Daniels walking through Morrisons store waring all balck and a face mask and holding his hands up in the air, through a CCTV image

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Jez Daniels is accused of shoplifting but says staff at the Newport store racially profiled him.

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Fatal crash driver on wrong side of the road

Polish chef Mateusz Sikorski was jailed for causing a head on collision with Christopher Boyle.

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Screams as crowd hit by fireworks at display

A woman says her children are "traumatised" and "will never want to go and see fireworks again".

Rosie-May, aged four, caught ablaze when she was hit by a flare

Mum describes moment daughter was hit by firework

Ellie Mason was watching a display with daughter Rosie-May, aged four, when she was hit by a flare.

Lewys

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Family considers England move over childcare costs

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Mandy and Colleen wearing hoodies and standing in front of a football pitch smiling

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Black and white grainy CCTV image of two thieves stealing a quad bike from a farm shed

CCTV shows thieves stealing quad bike from farm

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Shakila Meli wearing white headscarf with blue flowers

Racism victim: 'I'm not going to run any more'

A mother who was racially abused at a bus stop says she was shocked, but refused to back down.

The Very Reverend Canon Dr Jason Bray

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The Very Reverend Dr Jason Bray is called to investigate reports of the supernatural in Cardiff.

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Don't just chuck them out after you have carved them up for Halloween.

A man was filmed hanging on to the bonnet of the A48 dual carriageway in Cardiff

Watch man cling to bonnet of car driving down road

The scenes were caught on camera by a motorist travelling in the opposite direction.

Shelley Phelps standing in front of the black door at 10 downing street

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Jess Jenkinson did not want husband Jonathan Jenkinson to go to Afghanistan

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Jess Jenkinson did not want her husband to return to Afghanistan after he came home injured.