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At a near standstill since the beginning of the year. The Bank Of England has raised the cost of borrowing 1a times since the end of 2021 to try and rein in soaring prices. That has weighed on the economy, but experts have warned the full effect of those Interest Rises has yet to be felt. Emma vardy reports from morecambe in the north of england. Rowing is a delicate art. A bit like managing economy. A year of slow growth, business is feeling the pressure from rising costs, means as no surprise that many are feeling cautious about their ambitions were branching out. We cautious about their ambitions were branching out. Were branching out. We have struggled were branching out. We have struggled to were branching out. We have struggled to try were branching out. We have struggled to try to were branching out. We have struggled to try to work were branching out. We have struggled to try to work out i were branching out. We have| struggled to try to work out a rationale for expanding. So were growing to grow, were going to develop a Whiskey Warehouse very shortly, but they should have happened two years ago. We have held back because of the market, because of the commercial situation. But we have two impacts, youve got the internal pressure, which is the cost of food and drink and then we got the external pressure which is the lack of money and peoples bothers. So we have been hit by sort of two forces at the same time which, in our 20 years of doing this, has never happened before. ~ , ,. , before. When gdp is raising, in theo , before. When gdp is raising, in theory. All before. When gdp is raising, in theory, all things before. When gdp is raising, in theory, all things flow before. When gdp is raising, in theory, all things flow a before. When gdp is raising, in theory, all things flow a bit theory, all things flow a bit more easily, meaning people often spend more as more jobs are created and there are better pay rises around. But instead right now many households are cutting back. When weve been abroad. We havenl when weve been abroad. We havent been abroad for a long time, havent been abroad for a long time, have we . It havent been abroad for a long time, have we . Time, have we . It was too exuensive time, have we . It was too expensive. And time, have we . It was too expensive. And then time, have we . It was too | expensive. And then there time, have we . It was too expensive. And then there was covid and expensive. And then there was covid and now expensive. And then there was covid and now this. Expensive. And then there was covid and now this. Obviously. Covid and now this. Obviously covid and now this. Obviously covid happened covid and now this. Obviously covid happened and covid and now this. Obviously. Covid happened and everything after covid back, once things are back to normal, navidi can do what they want to do. We not too badly off. Do what they want to do. We not too badly off, but do what they want to do. We not too badly off, but as do what they want to do. We not too badly off, but as a do what they want to do. We not too badly off, but as a matter i too badly off, but as a Matter Course too badly off, but as a Matter Course we too badly off, but as a Matter Course we cut down on the things course we cut down on the things simply because you cant ust things simply because you cant just keep things simply because you cant just keep paying increased costs. Just keep paying increased costs, so you are careful with using costs, so you are careful with using energy and you are careful using energy and you are careful with what you pay for food careful with what you pay for food or careful with what you pay for food or anything else, for that matter food or anything else, for that matter i food or anything else, for that matter. Food or anything else, for that matter. ,. ,. ,. Matter. I have had a recent treatment. Matter. I have had a recent treatment, im matter. I have had a recent treatment, im a matter. I have had a recent treatment, im a widower, | matter. I have had a recent l treatment, im a widower, so im on treatment, im a widower, so im on one treatment, im a widower, so im on one income treatment, im a widower, so im on one income now, treatment, im a widower, so im on one income now, so. Treatment, im a widower, so. Im on one income now, so im really im on one income now, so im really feeling im on one income now, so im really feeling the im on one income now, so im really feeling the pinch im on one income now, so im really feeling the pinch and really feeling the pinch and have really feeling the pinch and have really really feeling the pinch and have really noticed really feeling the pinch and have really noticed how really feeling the pinch and i have really noticed how prices are rising. Have really noticed how prices are rising, everywhere, have really noticed how prices are rising, everywhere, evenl are rising, everywhere, even forthe are rising, everywhere, even for the simplest are rising, everywhere, even. For the simplest commodities, is getting for the simplest commodities, is getting really for the simplest commodities, is getting really tough, for the simplest commodities, is getting really tough, to is getting really tough, to tell you is getting really tough, to tell you the is getting really tough, to tell you the truth. Is getting really tough, to tell you the truth. Is getting really tough, to tell you the truth. And looking at the tourist tell you the truth. And looking at the Tourist Industry tell you the truth. And looking at the Tourist Industry at tell you the truth. And looking at the Tourist Industry at this | at the Tourist Industry at this time of year is a good way to get a window into whats going on with our economy. Businesses with decades of experience in our Summer Spending habits have a keen eye for fluctuations stop people still are spending money, yes, but the spending patterns are changed quite dramatically. 50 patterns are changed quite dramatically. Patterns are changed quite dramatically. So the Booking Window for dramatically. So the Booking Window for certainly dramatically. So the Booking Window for certainly this dramatically. So the booking| window for certainly this area is to be 7 10 days people would book and then come to stay, that has shortened very significantly 21 3 days. We have had to increase prices because our custom increase, food price of one of double digits, Energy Prices have doubled forest, Staffing Costs again, double digits. So we have had to reflect that in the prices we then put out stop by the uk has beenjudged by many experts to be one of the worst performing at the moment among the worlds biggest economies. A recession was avoided earlier this year, meaning a slightly more hopeful picture. There is still little to write home about. Emma vardy, bbc news. Lets speak to michael hewson, chief market analyst at cmc markets. Hello there to you, michael. In terms of what we are expecting to see, what are your thoughts on that . ,. , � on that . Yeah, i mean, weve not on that . Yeah, i mean, weve got fairly on that . Yeah, i mean, weve got fairly low on that . Yeah, i mean, weve got fairly low expectations, i got fairly low expectations, but they also think as was summed up in your brief introduction, the Bank Of Englands rate hikes yet havent fully felt the effects in the uk economy stop weve got a whole host of fixed rate mortgages coming up for renewal over the course of the second half of this year and that is likely to remain a drag on the uk economy. That said, consumers are spending, albeit on a very stop start basis, if you look at the retail Sales Numbers for the second quarter. They have been positive every month since april. We did see a little bit of a slowdown in the economy in may because of the industrial action, economy in may because of the industrialaction, but economy in may because of the industrial action, but overall im hopeful that we could actually see a positive number on, say, 0. 2 . Are are absolutely right, this could be as good as it gets when it comes for the second half of the year, given the fact that obviously the full effect of these rate hikes hasnt been fully felt yet. Fully felt yet. Why is that, many people fully felt yet. Why is that, many people will fully felt yet. Why is that, many people will be fully felt yet. Why is that, l many people will be saying things are not changing, why the lag . Things are not changing, why the lac . , things are not changing, why the lag . The lag is basically felt on the the lag . The lag is basically felt on the housing the lag . The lag is basically felt on the Housing Market. | the lag . The lag is basically. Felt on the Housing Market. We are seeing that in the way that house prices are coming down. An awful lot of people fixed their mortgages 2 five years ago at very low rates and ultimately whats happening now is those low load rates, the fixed rates are rolling off having to refinance at very much higher rates. Think what you are seeing is those people who know they are going to be refinancing their mortgages arent spending anywhere near as much money, they are saving up as much money, they are saving up because they know they are going to face a significant hit in the back part of this year and they are holding back and building up their savings to help offset that. We building up their savings to help offset that. Help offset that. We have learned some help offset that. We have learned some very help offset that. We have learned some very costly| learned some very costly lessons when it comes to the Housing Market and how that feeds through the wider economy, what is the feeling with the Housing Market, is it a buyers market, is it a sellers market . Will things settle down . I sellers market . Will things settle down . Sellers market . Will things settle down . I think it is more of a buyers settle down . I think it is more of a buyers market, but of a buyers market, but obviously by us will have to pay a high Interest Rate than was the case two or four years ago. Hopefully prices should start to drift down, obviously thatis start to drift down, obviously that is not going to be regularly helpful for those who pay the top of the market. We have been here before in the 19905 have been here before in the 1990s the Housing Market stagnated for seven or eight years before picking up again. So that will be a challenge going forward, but next week inflation should fall quite substantially and some of those Cost Pressures that we have been feeling over the course of the past i been feeling over the course of the past 1 two years should start to ease and hopefully inflation should be back around 45 inflation should be back around 4 5 by the beginning of next year. 45 by the beginning of next ear. , w , 45 by the beginning of next ear. , a ,. ,. , year. Very quickly, one more question. Year. Very quickly, one more question. Why year. Very quickly, one more question, why is year. Very quickly, one more question, why is the year. Very quickly, one more question, why is the uk year. Very quickly, one more i question, why is the uk fearing so badly compared to the rest of the western economies . Unfortunately for us, the energy price has meant that Natural Gas Prices have not come down as quickly as they have overseas and thats simply on the basis of the fact that they have been held artificially high. While they acted very, very well in terms of pushing upward prices they are acting with a considerable lag come to prices coming down. That should start to work its way out over the course of the next six months. Next six months. Ok. Michael hewson, next six months. Ok. Michael hewson, thank next six months. Ok. Michael hewson, thank you next six months. Ok. Michael hewson, thank you very next six months. Ok. Michael. Hewson, thank you very much, from cmc markets, thank you. Lets stay with the uk economy, because theres positive news this friday for millions of homeowners who have faced steadily rising Mortgage Rates over the last nine months. The nations biggest mortgage lender, the halifax, is cutting the cost of some of its fixed rate deals from today by around 0. 7 of a percentage point. Rival natwest has announced its doing the same and other lenders have already cut some of their rates. It has raised hopes that Borrowing Costs could have peaked. Heres our cost of living correspondent colleta smith. After months of doom and gloom for homeowners, hope might be on the horizon. Some banks are cutting Mortgage Rates, and it couldnt come too soon for those facing a bigger bill. It was fixed the next two years, but i know my mums just being hit by her mortgage has gone up £200. I think its around £250 extra a month now. So its quite an increase considering, you know, my gas, electric, has doubled as well. Its notjust those with mortgages hoping that rates begin to fall. Hopefully that would increase my business and i would be a happier person because its its a worry. People are definitely watching their pennies this time. Before anyone gets too excited, those reductions are really small and they havent had a big impact on the market yet. In fact, at todays rates, an average two year Mortgage Deal will cost you 6. 83 in interest. Thats unchanged since yesterday. But for anyone hoping to remortgage or get a new mortgage, its maybe the first positive signs of a downward shift. It is definitely positive news for everybody whos got a mortgage. Sadia says theyre still seeing plenty of house sales here at the moment but there has been a change over the last year. People are under offering on property prices, their Mortgage Payments are going to be higher, so they have to take that into account. So its definitely a buyers market. Some of those faced with higher Mortgage Rates have begun to struggle more. This spring nearly 82,000 households fell into arrears with their Mortgage Payments. Now, thats not a huge number. In fact, only i of the overall number of mortgages. But it is an increase on the previous quarter. And the number of buy to let landlords in trouble with their Mortgage Payments jumped by even more. And that impacts tenants, too. So if rates have reached a peak, its a little less pressure on homeowners and tenants alike. Colleta smith, bbc news in warrington. Lets move to the us now, where some wall street traders are betting Interest Rates there may not have to rise any further. It comes after Consumer Price figures forjuly showed the rate of inflation has stayed low for another month. That takes the pressure off americas central bank, the us Federal Reserve, to keep raising the cost of borrowing, as Michelle Fleury reports from new york. The Us Government reported that inflation increased three from a year earlier, it was not from a year earlier, it was not from a 3 annual rise injune. The increase is due in part to higher housing my car insurance, and food costs. 0nce insurance, and food costs. Once you strip out things like volatile food and Energy Prices, so called Core Inflation was 4. 7 , the lowest since october 2021. The good news is that inflation has drifted down from le sommer� s 40 drifted down from le sommer� s a0 year highs, but it is still well above what the Federal Reserve thinks of as normal prices. And with the overall trend heading in the right direction, policy makers, well, they may feel that they dont need to raise Interest Rates further stop the us central bank, you may recall, raises benchmark Interest Rate to more than five points of a percent, the highest in years. All in a bid to call the economy and easily pressures putting up prices. So while it is too early to say mission accomplished, from the white house to wall street there is a sense that progress has been made in the Worlds Largest economy. That was Michelle Fleury there. The worlds population continues to rise, passing the milestone of Eight Billion people this year. But in europe that trend could be about to go into reverse. According to recent research by the European Unions Statistics Office eurostat the population of the eu is set to peak in 2026 at aa3 million before going into decline. By the end of the century it estimates the eus population will be down by over 27 million. And by then almost a third of the population will be over 65. So what are the economic implications of this and can europe do anything about it . Anna rotkirch is a Research Professor and director of finlands Population Research institute. Great to have you with us here on bbc news. Whats more is this report telling us . What are the key findings . This report telling us . What are the key findings . Well, the interesting are the key findings . Well, the interesting thing are the key findings . Well, the interesting thing in are the key findings . Well, the interesting thing in europe are the key findings . Well, the interesting thing in europe is l interesting thing in europe is that we have several countries already facing Population Decline. In southern and Central Europe. Spain, italy, greece, hungary, croatia. And as a consequence an increasing number of countries are also having or trying to have pro natal policies, trying to encourage people to have more babies, because birth and immigration rates remain factors affecting population. When it comes to the countries that are showing this downward trend, who are we talking about in europe . In europe . Yes, as i said, round ten in europe . Yes, as i said, round ten countries in europe . Yes, as i said, round ten countries in in europe . Yes, as i said, round ten countries in the in europe . Yes, as i said, round ten countries in the eu, including those big countries as italy, portugal, greece, also hungary, and then we have the situation in ukraine and russia which is very worrying when we consider Population Growth but, of course, for different reasons. But a southern and Central Europe are the most, yes, face actual Population Decline. So the most, yes, face actual Population Decline. So why are eole Population Decline. So why are people rrot Population Decline. So why are people not having Population Decline. So why are people not having more people not having more children . Is it The Cost Of Living or what else is it . Hot living or what else is it . Not onl the living or what else is it . Not only the cost living or what else is it . Not only The Cost Of Living or what else is it . Iirrt only The Cost Of Living, we have this interesting situation where most people want to have children and most want to have two children but when we see this decline in birth rates almost everywhere, also in the uk, which is mostly due to the fact that more people remain without having any children at all. So, they postpone having children until its too late, in a way. Children until its too late, in a way children until its too late, in a way. Children until its too late, inawa. In a way. Suppose, then, it has implications in a way. Suppose, then, it has implications for in a way. Suppose, then, it has implications for governments i implications for governments and their and growth policy. Immigration, migration is going to play a huge part in the way governments handle a declining population. Governments handle a declining population population. Yes, and i think the key understanding population. Yes, and i think the key understanding here| population. Yes, and i think. The key understanding here is that there is no quick fix, theres no one fix to Population Decline or Population Decline or population ageing, so both rates affect Population Growth in the long run whereas immigration can affect in the short run but immigrants also age so, in a way, a sustainable, Resilient Population Policy needs to have both not catastrophically low birth rates, europe really needs to avoid the freefall we are seeing in a stage are currently four foot are seeing in a stage are currently fourfoot , are seeing in a stage are currently four foot , for instance. But to sustain the labour force across. [30 instance. But to sustain the labour force across. Labour force across. Do you encourage labour force across. Do you encourage people labour force across. Do you encourage people to labour force across. Do you encourage people to have l encourage people to have children or more children . You know, a recent children or more children . You know, a recent Policy Children or more children . Gm. Know, a recent policy inside we had ten steps towards more Baby Friendly policies and i could mention here too. One is that Research Shows if you have affordable, high quality Early Childhood education, good daycare for everybody, thats associated with higher birth rates. The other thing is i think more new and also interesting, and relates to family planning. Family planning still is very much about how not to have children but we also need to empower people to know how to prep their lives to have the children they want while there is still time. Anna rotkirch. Thank you so much for that. Thank you so much for that. Thank you. Around the world and across the uk, this is bbc news. Voiceover bbc news, bringing you different stories from across the uk. Fez is no ordinary dog. Thousands of hours of training have made her one of the top fire detectives in the country. We put a facial wipe there and weve put one pinhead size now of diesel. Thats the size of a pinhead in there and she will pick that up . Hopefully. In pick that up . Hopefully. In ust pick that up . Hopefully. In just two years and 200 callouts shes had a huge impact in catching criminals. Vehicle fires for instance, catching criminals. Vehicle fires for instance, she catching criminals. Vehicle fires for instance, she has| fires for instance, she has indicated fuel has been poured over the vehicle and has been found a container that is contained the same fuel nearby which then the investigating officers, once it is tested, can get fingerprints or dna from it and link it to a suspect. From it and link it to a suspect from it and link it to a susect. ,. , suspect. Three can cover a huge amount of suspect. Three can cover a huge amount of ground suspect. Three can cover a huge amount of ground quickly, suspect. Three can cover a huge| amount of ground quickly, much quicker amount of ground quickly, much quicker than you or i could. And quicker than you or i could. And it quicker than you or i could. And it means fizz is unlikely to have much time with her toy before she is back out on anotherjob. For more stories from across the uk, head to the bbc news website. Youre live with bbc news. To asia now, and one of chinas biggest property developers. Country garden group has warned it faces losses of up to 7. 6 billion for the first half of this year. Its the latest sign of the Serious Problems facing the worlds number two economy. Katie silver in singapore is looking into this for us. Katie, this is part of a far wider problem in chinas real estate market, isnt it . Thats right, and for anyone who has been watching the programme for a number of years, this may well feel like deja vu. If Country Garden group collapses there are fears that this could dwarf the failures that we saw in evergrande back in 2021 and indeed, there are fears that this may indeed occur. Its a company that held by chinas Richest Woman and weve heard moody is in the last 2a hours downgraded its rating on the company of the news of this news and they will be implement our task force and looking at how they can turn things around moodys similar to evergrande with her that bondholders are not receiving their Coupon Payments and are going to have 30 days extension in order to pay them but again, it goes back to this problem and these crises with been covering for years now on the programme about chinas Property Sector. Hugely indebted and the fact is that chinas Property Sector has typically been a big driver of Economic Growth and makes up about a quarter of the economy and has been a symbol of chinas Economic Development as well as a real part of the chinese dream about getting, owning ones own property but yes, as you mentioned, it comes as the latest indication of this struggle of the worlds second largest economy is facing and earlier this week we spoke about the trade issues that china is facing with exports and imports down, double digit drops and about the fact that china is now facing deflation and a huge issue as well when it comes to Youth Unemployment so there are questions about how they can turnit questions about how they can turn it all around. Turn it all around. Katie silver. Turn it all around. Katie silver, thank turn it all around. Katie silver, thank you turn it all around. Katie i silver, thank you indeed. More than a billion women worldwide are going through the menopause and the Global Industry for menopause products such as Dietary Supplements is booming, worth more than 100 billion a year. But one leading doctor in the field has questioned whether they do any good. Dr Louise Newson has been speaking to Aaron Heslehurst for this weeks talking Business Weekly programme. She told him its just awful how much money is being spent by women who are just desperate to feel better. I really worry about it. So, i dont work with any of these companies, i dont do any paid work with pharma, just for complete transparency but i read somewhere the other day it is 120 billion a year spent on menopause related products but if i was a sassy businessperson, thinking if 1. 2 billion women worldwide are menopausal, how are we going to get them to buy some supplements orface cream or shampoo . Actually, when i was struggling and was unable to receive treatment from the nhs, i would have done spent a lot on anything to help. Because it wouldve been cheaper than a divorce and it mean i could have kept myjob and income and people are desperate to feel better. The advertising some of these products is great and it also some of it are trying to push people away from hrt and it worries me because there is evidence that a lot of the supplements would not really make a difference, they are not going to improve future health as well. The money being spent on this isjust awful, actually. And theres lots more about menopause and the workplace this weekend on talking Business Weekly with Aaron Heslehurst here on bbc news. Finally to football, because the English Premier League season kicks off later at 8pm uk time as burnley take on Manchester City. The Premier League is by far europes richest, currently worth around 18 billion in broadcast rights and earnings. The Transfer Saga over tottenham hotspur� s harry kane, who could be going to Bayern Munich for 95 million, is the latest example of the huge sums changing hands and rules designed to rein in the Spending Power of wealthy foreign owners financial fair play have had limited effect in stopping the financial arms race. Kieran maguire is Associate Professor of Football Finance at the University Of Liverpool and author of the book the price of football. Welcome to the programme. Financial fair play rules, i wonder if we could start with that. Briefly, could you explain why they werent needed and brought in . And brought in . Following the acquisition and brought in . Following the acquisition of and brought in . Following the acquisition of chelsea and brought in . Following the acquisition of chelsea by and brought in . Following the l acquisition of chelsea by Roman Abramovich and Manchester City by sheikh mansour, there was a fear that owners with unlimited funds could completely distort the Talent Recruitment Market so therefore weve had a set of rules that have come in and been developed over time and are effectively breaking those rules which allow clubs to improve before lose up to 15 liam pounds over the years but allow the owners to put in a further 90 million in equity to help the clubs to grow and also to encourage spending on areas such as infrastructure, the womens game, Community Schemes and the academies. So womens game, Community Schemes and the academies. And the academies. So clubs that have and the academies. So clubs that have been and the academies. So clubs that have been in and the academies. So clubs that have been in breach, i that have been in breach, quickly, what were the penalties and are they effective . Penalties and are they effective . ~. , effective . We have seen financial effective . We have seen financial penalties effective . We have seen financial penalties introduced by uefa, the european governing body, and weve seen a reduction in the acceleration of wages although presently, we have chelsea have just reported themselves for a breach, Manchester City on 115 charges, everton on a charge, and it will be interesting to see the tariff charged, if any, should any of these clubs be found to be in breach of the rules. Who be in breach of the rules. Who is losin be in breach of the rules. Who is losing here . Be in breach of the rules. Who is losing here . Those be in breach of the rules. Who is losing here . Those prices are eye watering, the price tags for the players and the Broadcasting Rights and Everything Else associated with it. What about the people who are actually paying for this, the fans . Are they gaining anything . The fans . Are they gaining anything . They are gaining exceptionally anything . They are gaining exceptionally high anything . They are gaining exceptionally high quality | exceptionally high quality football played by some of the best players in the global game. 0n the downside, weve seen many double digit increases in Match Day Ticket Prices and Season Ticket Prices this season. The cost of merchandise is accelerating. You can play well in excess of £100 for a shirt which will only last you a year. In addition to that, we are seeing significant increases and the head of the cpi and rpi with direct in relation to Subscription Channels and broadcast rights means you have three or four subscriptions to watch as much football as you wish. ~. ,. ,. ,. ,. , wish. We are going to have to leave it there. Kieran maguire. Thank you very much indeed for your time. Thank you very much indeed for yourtime. Plenty thank you very much indeed for your time. Plenty more coming up your time. Plenty more coming up on bbc news and dont forget there is also plenty more on there is also plenty more on the website. Stay with us. Good morning. We finally got there. On thursday, we had some much awaited Summer Sunshine and warmth. Fairly widespread across the country but temperatures peaked just over 28 degrees. However, there was quite a lot of cloud around and in Northern Ireland by the end of the afternoon, some threatening looking skies. And thats because this Frontal System moving in and is bringing some rain as we speak. That is moving its way steadily north and east, some heavy bursts and the odd rumble of thunder mixed in there as it pushes its way across scotland. The trailing tail of that Frontal System, just a band of cloud. The odd spot or two of Nuisance Rain into the south east but it will be an incredibly mild, muggy night, so a very humid start to our friday morning. And there will be some sunshine. Early Morning Cloud breaking off across south east england, some sunny spells coming through. And with that south westerly flow, we continue to drag in the risk of a few showers, chiefly out to the west. The Northern Isles will stay quite wet and disappointing in terms of the feel of the weather with only a high expected of 15 degrees but elsewhere, with the sunshine and with fewer showers in Eastern England, we may well see highs of 27 once again. Now, as we move into the weekend, there is a risk of some showers through friday night into the early hours of saturday morning in the south east. And then, this area of low pressure is going to just tuck itself into the far north west of the country. So, showers more frequent, most widespread the further north and west you are. Some of those will push a little further inland but sheltered Eastern England perhaps seeing the driest of the weather on saturday and as a result, the warmest of the weather, 2a celsius is still 75 fahrenheit. Almost a Repeat Performance as we go into sunday. Again, that low not moving very far, so most frequent showers to the north west. There will be some pushing their way across england and wales. And we need to keep an eye on some rain potentially moving into the south west by the end of sunday. Top temperatures generally 18 23 degrees. So, that Frontal System potentially running along the south and then, as we move into tuesday and wednesday, an area of High Pressure is set to build, so we could see a little more in the way of showery weather to begin our new working week but the warmth and dry weather may well return as we move to the end of the week and next weekend. Good morning welcome to breakfast with Charlie Stayt and naga munchetty. 0ur headlines. Junior doctors in england begin another four day strike theres a warning it will cause significant disruption for patients. At least 53 people have died in ferocious wildfires in hawaii. 0fficials warn the death toll will continue to rise. And will continue to rise. Is wilco becoming the biggest high and is wilco becoming the biggest high street casualty of the year . It has gone into administration and we will be looking at another side of how the economy is doing with the gdp figures out later wilko. The new premier League Season begins today. But englands top division might soon be missing one of its top strikers as Bayern Munich and tottenham agree a deal in principle for harry kane. We are at the Bristol International balloon fiesta with pilots and balloons from around the world. Join us later as we take to the skies at around 6. 50

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