Pain it also causes. The background to this is high inflation, we have a sequencing that Around The World, particularly sticky, or at least has been here in the uk. That is why the bank has been increasing Interest Rates to try and curb the spending and get that Inflation Rate down. Should they continue to do that today, on the one hand, we have an Inflation Rate in the uk that has been easing a little, and when you dig into some of the details, to look at Producer Price inflation, thatis look at Producer Price inflation, that is further down the supply chain, that is the price is that manufacturers and factories might be paying, suggestions are it could be coming down quite significantly now. On the other hand, headline inflation, 7. 9 , still four times the Bank Of Englands 2 target. When you strip out energy and food, which can be equally volatile core inflation, they are still not falling by enough, wage growth remains quite high as well, and then there are wage comparisons, and in
Responsibility for the fact that inflation in the uk is much higher than it is in comparable countries. In the us, it is 3 . In the eurozone it is 5. 3 . And yet, here in britain, inflation remains stubbornly at 7. 9 because of a decade or more of mismanagement by the conservative party. Lets talk to our work and money reporter peter ruddick. What does this mean for people with mortgages . It what does this mean for people with mortua. Es . , what does this mean for people with mortua. Es . , , what does this mean for people with mortauaes . ,. Mortgages . It was widely expected but unfortunately mortgages . It was widely expected but unfortunately that mortgages . It was widely expected but unfortunately that will mortgages . It was widely expected but unfortunately that will not but unfortunately that will not prevent the pain from hurting. Lets break this down, for people on a variable or a tracker rate mortgage, which tracks the Bank Of England base rate, they will see immediate im
I cant think what it was. It was something. Ken loach, welcome to this cultural life. Its a great pleasure to come. And good to see you. You, too. You were born in 1936. You grew up in the midlands. Tell me about your family. What did your parents do . My father was an electrical engineer. Took his apprenticeship in the mines. The whole family, my fathers family were miners from the warwickshire coalfields, and he worked at Alfred Herberts machine tool factory all his life. Ao odd years. Skilled worker, then . Yes, a skilled worker, electrician. And he had a work ethic that was formidable. He worked seven days a week and my mother had been a hairdresser. But like women of that time, it was a matter of pride for my father that she should not have to work. But. Lovely woman, very kind. What sort of cultural upbringing did you have at home . Well, it was a very normal, i guess, suburban house, semidetached, in nuneaton. Erm. Cinemas nearby . There were cinemas, but we didnt go as a family
highlighting his cognitive struggles, but as per usual, the mob, the media, they raced to his defense. take a look. i thought it was good for him to show who he is. this is not handlers, this is not pollsters, this was joe biden, you know, sort of letting everybody know where he is coming from and how he feels. i think that that makes him seem more youthful and more engaged, more human, more relatable. if you want to get to the age thing, let s call it what it is, it s ages some clearing of any wrongdoing, if some of you says you are too far left, you contacted the center. there s the man is 80 years old. he rides a bike. sean: let me educate our friends from the mob and the media, according to the special counsel report, joe biden was presented as a sympathetic well-meaning man with a poor memory who cannot even remember when he served as vice president. that s what they said in the report and asking on day one of the interview with the special counsel if it was 2