Not to be close to epstein, when in reality he viewed him as a cherished friend. Lets cross to our Business Editor simonjack, who has the details. Yes, before jes yes, Beforejes Staley yes, before jes staley was the yes, Beforejes Staley was the boss of barclays, he ran the Private Banking of barclays, he ran the private bankin business of of barclays, he ran the Private BankingBusiness Ofjpmorgan of barclays, he ran the Private Banking of barclays, he ran the private bankin business ofjpmoran for banking Business Ofjpmorgan for High Net Worth clients, of which Jeffrey Epstein was one. Now, following Jeffrey Epstein� s conviction and subsequent suicide for six offences, the Financial Conduct Authority asked barclay to try to characterise and find out about how close the relationship had been between mr staley and mr epstein, and the bank rate back to the regulator approved by mr staley, saying he insisted they had no close personalfriendship, it was professional only. E mail that subsequently emerged showed that he was a cherished friend, as you said a new introduction, and not only that, but theirfriendship a new introduction, and not only that, but their friendship continued until weeks before he took the top job at berkeley. The regulator decided mr staley had misled about the board of barclays and indeed the regulator themselves, and therefore, he was not a fit and proper person, he was not a fit and proper person, he was not acting with integrity, and could not hold a senior role in uk financial services. And could not hold a senior role in ukfinancialservices. He and could not hold a senior role in uk financial services. He was fined £i. 8 uk financial services. He was fined £1. 8 million. Barclays confirmed today that they would basically make and £17. 8 million worth of deferred pay and bonuses. This ruling is provisional. Mr staley said he was disappointed with the fcas decision and would contest it. As things stand, mr staley has lost his job, the chance of a future one, his reputation and £20 million. Thank ou ve reputation and £20 million. Thank you very much reputation and £20 million. Thank you very much. That reputation and £20 million. Thank you very much. That was reputation and £20 million. Thank you very much. That was Simon I Reputation and £20 million. Thank. You very much. That was simon jack, you very much. That was simonjack, our Business Editor. Staying in the uk and the economy grew by 0. 2 in august, largely driven by the Services Sector which includes education. Schools bounced back after Strike Action by teachers, and the economy overall did the same expanding after a sharp fall injuly. The office for National Statistics said heavy rain and strikes weighed down on the early part of the summer, so this is a welcome reversal. Plenty of economists are still predicting that the uk could soon tip into recession. But Professorjohn Bryson from the University Of Birmingham said these figures at least were positive news. Yeah. So it is, it is good news, but the Educational Data is very odd within this figure because they average educational attendance out, because our schools open in august. So the ons assumes they are. But it is good news that gdp is still bouncing around on the right side. So its still some minor growth and all of that is positive. Now, a lot of people are saying we could be in recession ready. Now, a lot of people are saying we could be in recession already. I mean, where do you sort of stand on this . I mean, is that potentially bad news . I mean, if we are already in recession, is it not worth sort of getting it done, get back into that growth mode to come out of it as soon as we can . Remember that the uk government is trying to hold back Interest Rates and theyre doing inflation and theyre doing that by raising Interest Rates. So youd expect there to be a dampening effect on the economy and were now seeing that. But the key figure i would look at is real household disposable income. And in the last quarter, that was up by 1. 2 . So one of the narratives is households are doing badly, but theyre not doing as badly as one might think they are. So that means consumption is still going on in the economy. And thats its explaining why gdp is still growing ever so slightly. So what should we look out for over the coming months . What are the factors . There are obviously different areas, some areas performing better than others. What would you say we need to look out for over the coming months to give us that indication of where were heading . I think the key thing is to look at things like construction that look like. Look at manufacturing. Look at look at exports. The Services Continue to bounce around. And of course, were moving up into the christmas months with massive increases in expenditure in terms of consumption. So, gdp is likely to still bounce around, were not expecting it to go into negative. And of course, the good news about the 0. 2 growth is that Interest Rates may stick at 5. 2 and might not go up again. Good news for mortgage holders, and that means theyre more likely to have a slightly better christmas. And also, john, on Interest Rates, where the bank watches all this data very, very carefully, where do you think this will influence them in terms of whether were. I know theyve paused rate rises, but a lot of people expect we might have another one around the corner. Do you think this might give them even more pause for thought . The work is done . I think they will pause and it will plateau for a little while unless were going to see gdp figures that are going into negative. The key thing is to wait for the quarterly gdp figures that will come out on the 10th Of November and then well have a slightly more rigorous, robust set of figures to work on. Gdp of course is one of the biggest factors for the Bank Of England to consider when its weighing up whether or not to put up Interest Rates. The Banks Monetary Policy Committee makes that call. And after 1a consecutive rate rises, the nine members voted to hold rates at 5. 25 last month. Theres a warning now from one of those members that soaring Interest Rates could be increasing Social Inequality in other words widening the gap between the � haves and � have nots. Dr Swati Dhingra has voted against raising rates at 7 of the past 9 meetings. Shes been speaking exclusively to our chief economics correspondent, dharshini david. The reason why the rates have increased is because of the kinds of price increases that were seeing, which is energy and food. Those will typically impact poorer people more, and then the Interest Rates will also typically impact younger, less educated people more. So eventually, when we come out of all of this, were going to see that possibly inequality is going to rise. We dont know how much yet because those new numbers are not out. But we have been hearing more that many of these Cost Of Living pressures are falling much harder, more severely on poorer people. What are you expecting to see play out over the coming months in terms of the growth picture . Are you fearful that we are looking now at a more severe downturn . I think thats definitely a risk. The economy has already flatlined and we think only about 20, 25 of the impacts of the Interest Rate hikes have felt have been felt through to the economy. So i think theres also theres this worry that that might mean that were going to have to pay a higher cost than we should be paying. That being said, what were seeing in the economy unfold is that there was some resilience early on, because fortunately we didnt see the worst case scenario, which was Energy Shortages happening in the economy. So, we sort of didnt see that really bad scenario unfold. And as long as those sorts of events dont happen, we would see a flatlining economy, possibly with some weakness, more weakness and growth than, say, what the average bank view is. And my thats my personal view. And some economists are now saying we could now be entering a recession. How likely do you think that is . I think its very hard to to give a very definitive answer on that. When youre growing as slowly as were growing now, the chances of recession or not recession are going to be pretty equally balanced. So we should be prepared for that. We should be thinking about that. You know, its not going to be great times ahead. To travel now as the British Airline easyjet is flying high again. It has just released a Trading Update saying that profit before tax for the full year to the end of september is expected to be between 540 and 565 million. This was driven by an 8 increase in Passenger Numbers compared with the same period last year. Airline analystjohn strickland says the sector is surprisingly bouyant. I wouldnt have believed this a couple of years ago when we were still in the midst of came in to see such a strong recovery. All our lives have that i can think of have had a really strong summer whether they are Network Carriers flying Global Global routes or low Cost Carriers like easyjet flying short haul flights predominantly around europe. But the level of demand is very strong. Were seeing a number of Leisure Routes which would normally be easing off now into the autumn, remaining strong. Airlines putting additional flights back on to markets like greece and turkey because were getting autumn into Winter Demand still remaining to an extent at summer levels. The fly in the ointment is fuel price is rising. And while airlines, including easyjet, protect themselves to an extent by hedging, those prices are going up quite rapidly, and not least would be the geopolitical sensitivities we see playing out not only in ukraine, but whats happening in israel this week. So thats always a sensitivity. People discuss whether the demand is going to soften because of economic weakness and consumer pressures. But no airline is yet indicating theyre seeing that in bookings. And easyjet certainly today is reporting very optimistic outlook indeed for the coming months. To the us now where the latest Inflation Figures have just come out for september. They show little change cpi inflation rose 3. 7 on the year the same figure as in august. Core inflation stripping out the more volatile elements has eased though from 4. 3 in august to 4. 1 . Every ounce of data feeds into the Federal Reserves Decision Making process on whether to raise Interest Rates. Our north america correpondent Michelle Fleury is in new york for us. Whats been the reaction so far . I think that there is a sense the job of trying to tame inflation, which falls to Americas Central Bank, the Federal Reserve, thatjob is not yet complete. That is even though the trend, more broadly speaking, has been that inflation is fading, the problem is that it remains elevated. There are a couple of things but it up if you look at the months figures, Petrol Prices, that helped push up prices and cap pressures on consumers and companies. The other big one, which is considered less volatile, is housing. That continues to be elevated. Now, where you are getting some relief is in things like second hand cars and clothing. Those prices are starting to inch down. So, the Direction Of Travel is good, but the job is so, the Direction Of Travel is good, but thejob is not so, the Direction Of Travel is good, but the job is not done yet. That is why the Federal Reserve of Americas Central Bank will continue to keep rates higherfor longer. That is central bank will continue to keep rates higher for longer. That is the message they have been keen to put out there and i think that is what we can expect from them at their next rate setting meeting next month. Next ratesetting meeting next month. � , w. , next ratesetting meeting next month. � ,. ,. , month. Briefly, the reaction so far, any indication month. Briefly, the reaction so far, any indication about month. Briefly, the reaction so far, any indication about how month. Briefly, the reaction so far, any indication about how the month. Briefly, the reaction so far, l any indication about how the markets have taken this . They are always precarious at these times. The markets have precarious at these times. The markets have had precarious at these times. Tue markets have had a precarious at these times. Tte markets have had a mixed reaction. On one hand, they do not like to see any surprises, and you know, the fact you are seeing Petrol Prices continue to push up inflation, it is a little bit hotter than economic tests expected. In that sense, a slight concern. This might push the Federal Reserve to be more aggressive or longer. That is what investors in the market do not like. Michelle, thank you very much. Michelle, thank you very much. Michelle fleury, our North American corresponded with the latest of on the latest print for us inflation. That is of course important across the world, really, what happens over in america. A touch hotter than expected, but it does appear inflation are starting to gun down slightly. We will have more than that in a few hours. Thank you for being with us. Goodbye. In an up cycling shop in headingley, transformation is under way. This woman is using her skill and creativity to help solve a shameful problem. Along with her partner, james, the couple are trying to make fashion more sustainable. They are starting on their own doorstep. Who could forget these shocking images of the tents and Camping Equipment left behind after Leeds Festival . Hundreds of items treated as disposable and destined for landfill. Tt disposable and destined for landfill. , disposable and destined for landfill. ,. , disposable and destined for landfill. ,. ,. , disposable and destined for landfill. ,. , landfill. It was a bit grim, to be honest. Landfill. It was a bit grim, to be honest a landfill. It was a bit grim, to be honest. A lot landfill. It was a bit grim, to be honest. A lot of landfill. It was a bit grim, to be honest. A lot of people landfill. It was a bit grim, to be honest. A lot of people have i landfill. It was a bit grim, to be honest. A lot of people have a l honest. A lot of people have a throwaway mindset, but, tents are not single use. 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Its the first time european footballs Governing Body has commented on the attacks. In a statement, ceferin added, my heart goes out to all the victims and their families during these difficult times. It is an unimaginable tragedy, and the pain and sorrow are profound and resonate across the entire football community. Uefa have also announced that the European Championship qualifier between kosovo and israel scheduled for sunday has been postponed. The israeli authorities are currently not allowing their National Team to travel abroad. Meanwhile, the English Football Association has confirmed that england and australia players will wear black armbands during their Friendly Match at wembley on friday. In a statement they say they will remember the innocent victims of the devastating events in israel and palestine