as you can see here, the rate of inflation in the uk has remained stubbornly high over the last few months adding pressure on the bank of england to raise interest rates again when it meets tomorrow. they re likely to be concerned that core inflation which excludes volatile food and energy prices actually rose hitting 7.1%. that s the highest rate since march 1992. bear in mind, the bank of england s target for inflation is 2% and its been falling in other countries. here s the uk finance ministerjeremy hunt. we don t have the clip at the moment. yael selfin is chief uk economist at the business consultancy kpmg and joins us from london. we heard from jeremy hunt earlier and he said it is a surprise, and it is one of their targets to get inflation down, but it is proving to be harder to do and easier to say. it is proving tricky and there are a number of reasons, one of which is we have a very tight labour market, tighter than in other economies, especially in europe,
our climb will be steep. we may not get there in steep one year. we mayor even in one term.a, i e but america, i have never been more hopeful than i am tonight that we will get there. e. well, 15 years later, his party has gone from hope. nope, again, nope. they don t want biden the deterioration of our economy. well, we ve talked about this ad nauseam. abou obvious, but so is his own physical deterioration. ffect nauseanow, let s compare m fteen years ago to now. these are extraordinary times. this is an extraordinary election. the american people are ready. i am ready for rock is ready. this is his time. this is our time.. tiis is america s time. out. raq an iraq and irad n are iraq and iran. but iraq, not iran. it s really very, very dull when after all these years in public life, known for in two things ray ban sunglasses, the chocolate chip ice. wow.chip no iw undecer 51% of his own vos do not want him to run again. according to that new nbc agaiey that just came
important this is to you on twitter @annitabbc #bbcyour questions united in music the slogan for this year s eurovision contest is unveiled as the official eurovsion handover ceremony takes place today in liverpool. and coming up on the third anniversary of brexit, we ll have a special phone in on the impact. my colleague nicky campbell will be asking what your experience has been so far, in the next half an hour. hello and welcome to bbc news. the uk economy is due to get smaller this year and do worse than other major nations, including russia that s according to the world s most important international financial organisation, the international monetary fund. it predicts the uk economy will shrink by 0.6% this year. it believes the uk will be the only country among the world s major economies to see its economy get smaller. it says its forecast reflects the uk s high energy prices, high inflation and high interest rates. the us, germany, france, italy and japan are
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To dateline london. Im jane hill. This week we are discussing what the World Leaders meeting in germany for the 620 summit might be able to achieve. We will look at continuing problems on indias border both with china as well as pakistan, and also a final thought about an exceptionally busy few months in the uk and abroad. Just how desperate is everyone for a holiday . Before that, lets introduce all my guests. Iain martin is with me, columnist with the times, ashish rai of rai media. Nabila randani the french algerian journalist, and henry chu, the International Editor of variety magazine. A warm welcome to all of you. So the discussions in the german city of hamburg involving the worlds leaders come at a delicate time for the world order. North korea, Climate Change, the immigration crisis, trump in europe. There is a very, very long list that we could discuss. Lets see how much we can get through. Iain, President Trump saying, really in the last few hours, there is going to be of a