Pippa crerar and daily mail columnist sarah vine. Hello and welcome. At the 2019 election, borisjohnson captured a slew of northern constituencies in england with the promise to level up the country. The government said it would rebalance the economy, share the prosperity of london, to address long Standing Underinvestment in the regions. And now we have the policy, a Bill Published Today by the Levelling Up Secretary michael gove which, finally, spells out how they aim to achieve it. This white paper lays out a long Term Economic and plan to make opportunity more equal. It shifts power and opportunity towards the north end midlands, scotland, wales and Northern Ireland. It guarantees increase investment in overlooked and undervalued communities. In research and development, in education and skills, and transport and broadband, in urban parks and decent homes, and grassroots ports and local culture and in fighting crime and tackling anti social behavior. It gives local communities the
Quite simply they are doing this because of inflation and the rate of Price Increases and the International Comparisons are clear, although inflation is falling, in the uk it is not falling by as much or down to as low a level as it is elsewhere in europe in the us, and the us, and the bank has been talking up food prices and the amount we pay for services and the speed that wholesale, lower wholesale prices are being passed through the supply chain to us. The bank talked about crystallising risks, essentially the fear that when it comes to private sector wage growth, rings might be becoming embedded so they argued they needed to continue acting despite the impact it will have on households and businesses and we know the impact it will have on uk households and Mortgage Holders and also those ran singh. Also a warning from the bank also those renting. They said the rates will be high for a while, they are expecting inflation to meet the target of the Prime Minister, to half inflation t
After George Galloway comes local man david tully, who finished second receiving 21. 3 of the votes, beating the conservative candidate paul ellison, the absent former Labour Candidate azhar ali and the Liberal Democrat candidate iain donaldson. Reform uk thought theyd do better. The leader richard tice is saying the by election was not free and fair, claiming campaigners suffered abuse and death threats. 0ur Political Correspondent peter saull reports from rochdale i do hereby declare that George Galloway is duly elected. George galloway is nothing if not persistent. 37 years after he was first elected as a labour mp, he is on his way back to parliament determined to be a thorn in his former partys side. This is going to spark a movement, a landslide, a shifting of the Tectonic Plates in scores of parliamentary constituencies, beginning here in the north west. In the west midlands, in london, from ilford to Bethnal Green and bow, labour is on notice that they have lost the confidence
the annual rate at which prices have been going up. inflation peaked at more than 10% last year, forcing the bank to raise interest rates aggressively to try and bring it under control. but it has since fallen sharply. and on wednesday, official figures showed it was down to 3.9% in november, the lowest rate in 2 years, and far lower than expected. that s raised hopes the bank of england will be soon able to start cutting the cost of borrowing, easing pressure on businesses and households. here s our economics editor, faisal islam. arp and now sharply down. over the past year, inflation in britain seemed like a runaway train. but it s now coming into land faster than expected. here and beyond. it has been a hard year or two for her with hundreds closing and some say prices are now stabilising. inflation is definitely killing us. the rise has gone up 15%. and behind you? us. the rise has gone up 1596. and behind you? up-and-down, i remember and behind you? up-and-down, i re