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almost circular dynamic, that exacerbates the inflation and thatis exacerbates the inflation and that is what the bank of england is really worried about, these transient effects that have been causing inflation so far like the war inflation so far like the war in ukraine and supply chain issues, that these movements make inflation stay much longer, and become very much entrenched in our economy and then much, much harder to bring down under control. down under control. thank you very much. down under control. thank you very much, victoria, down under control. thank you very much, victoria, in - down under control. thank you very much, victoria, in londonj very much, victoria, in london for us. let s get some of the day s other news 110w. british american tobacco is to pay $635 milion plus interest to us authorities after a subsidiary admitted selling cigarettes to north korea in violation of sanctions. the us authorities said the settlement related to bat activity in north korea
leave it alone, don t touch mine. that will compound the problem, isn t it? neil, the way it s supposed to work is you bring fiscal policy and monetary policy and banking policy together. when they work together, yes, you can do good things. right now we ve got ever battling with each other. fiscal policy and monetary policy are not being coordinated in washington d.c. right now. we have 635 people that are concerned about mostly getting re-elected and how many people that they have on their twitter account instead of saying we re not going to disrupt the economy. you know,day, i was taking a look and it s still going on in paris. these protests days after emanuel macron forced in this law that will call for raising the retirement from 62 to 64. they re not happy about it. could you see that frustration playing out in this country? oh, it s going to. make no mistake about it. what is the off-the-books liability is $50 trillion, neil.
department numbering over 200,000 russian dead and wounded. ukraine has suffered tremendous losses both in this fight and all across the country over the past year but ukraine and the u.s. are less transparent about those numbers. the united states would like to see ukraine shift its focus from bakhmut to a looming counteroffensive in the south that would be made up some newly trained troops and armored vehicles. today we learned that 635 ukrainian troops had just finished a five week training course at a u.s. base in germany, a second phase has now started with 710 new ukrainian troops. much of the training focused on combined arms and maneuvers with those armored vehicles that the u.s. believes will be critical in taking back territory from russia. thank you very much. and outfront now, the senior fellow at the atlantic council is based in the southern