let s start here in the uk, where prime minister liz truss is no longer promising to increase state pensions in line with surging inflation, and has asked ministers to look for more spending cuts. two weeks ago, the prime minister said she was committed to what s known as the triple lock. that means payments rise by whatever is higher between prices, average earnings or 2.5%. however her spokesman said truss was now not making any commitments on government spending. inflation figures are out in a few hours time and expected to show its at 10 percent, whilst the figure for average earnings is just below 5.5%. joining me now is dan kemp global chief investment officer at morningstar investment management. this investment management. will be a real concern foi many this will be a real concern for many pensioners, this trust when asked about the triple lot can my colleague asked her she said she was committed to that? you are correct, it will be of great concern to pension
Continues we will tell all. And the inside track on Donald Trumps Business Week later. You can get in touch with the Programme Using the just use the hashtag bbcbizlive. We start in the us where car giant Fiat Chrysler is denying it faces its own dieselgate scandal just a day after volkswagen was fined more than 4 billion for cheating emissions tests. The us regulator the Environmental Protection agency is accusing Fiat Chrysler of failing to disclose emissions software, at least eight different types, installed in thousands of its diesel vehicles. Epa says the software allowed the cars to exceed Pollution Limits and pump out higher levels of harmful nitrogen dioxide. But the companys boss says it did nothing illegal. So how big could this be . The investigation involves Thejeep Grand Cherokee suv and dodge ram pickup made in the last three years. That adds up to more than 100,000 vehicles the vast majority sold in the us. The epa says Fiat Chrysler could be liable for fines of up to 4
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