over the years we ve had long discussions about what happens around the way. it was very difficult. you don t repair a relationship overnight but i think we are in a very different place. how difficult and different was it to deal with rishi sunak to somebody like borisjohnson? the to deal with rishi sunak to somebody like boris johnson? like boris johnson? the former prime minister was like boris johnson? the former prime minister was not like boris johnson? the former prime minister was not the like boris johnson? the former prime minister was not the easiest, - like boris johnson? the former prime minister was not the easiest, and - minister was not the easiest, and i ve been diplomatic, but what you have to look at is not the past but the future, but also i think the uk realises, as we do, that we are not alone when it comes to dealing with the horrors of climate change and dealing with russia. we are united and working together. i think that realisation that we ca
we start here in the uk, where in the next few hours prime minister liz truss will unveil a multibillion pound plan to protect consumers and businesses from soaring energy prices. typical household energy bills could be capped at around 2,500 pounds a year, with companies also likely to get help. but the cost of subsidising bills is likely to be astronomical. the prime minister has ruled out tax increases, and further windfall taxes on energy firms. so, it could mean extra government borrowing of at least a hundred billion pounds. our business editor simonjack has more. heat means energy means bills, huge bills. this woman employs so many people at her glassblowing business but won t belong without an edgy lifeline. ~ , belong without an edgy lifeline. y , ., belong without an edgy lifeline. g , ., lifeline. my staff are terrified lifeline. my staff are terrified not - lifeline. my staff are terrified not only - lifeline. my staff are terrified not only fori lifeline. my
On radio and television, what you need to know, a data check into our discussion this morning. The markets are on the move. Just one icon from the Northern Pacific rim, the japanese yen through 1. 50 is historic. Lisa its not just the yen, the bond yields are continuing to go up and youre seeing softness in areas where we see companies outperform. When we reach a Tipping Point . We are not there yet. Tom Julian Emanuel will join us later. Its real simple, he says the fed cannot be happy. You see that with the unraveling of the two sent spread. Lisa the market maybe is doing the work for them but its not clear its actually doing the work thats needed. We will get a gdp figure today that shows a reacceleration in growth that is not what the fed wants to see. We saw a blowout number yesterday of new home sales. The fed is not counting on this to drive down inflation. Tom im drowning in the narrative. Katherine greifeld is joining us this morning. Gdp, first look, 4. 5 . We are struggling.
European union, but then that has been awesome movements in this sense. So them all know parties that have this idea before, but now they are moving away from it and saying more, well, we want to keep our National Voice in this, but theyre not saying anymore that they want to get out of the european parliament. And when i said things, im moving right now what im trying to say there is fed, it all depends on the how the coalition for me will look after the european elections and how strongly spot is will be in the entry. So we have just heard that marina pens and some of them on us tonight does not want to work any more if its a german alternative for germany. And theyre right now form a group together, which is called a fall right group. Its called identity and democracy. So if so if theyre not working together so these things are still moving and even have to see how the drums are really all off to the european elections. Ok, lets see. Let me interrupt there because im going to take o
says the bank is ready to start cutting rates. musicians cope with stage fright. welcome to business today, i m mark lobel. is on the second day of a state visit. he s there to meet chancellor olaf scholz for talks aimed with the us and china. the two european heavyweights want to advance plans for an eu capital markets union. that s to get investments and savings flowing across member states. however negotiations have stalled for nearly a decade because eu members do not want to relinquish control of national financial rules. so how close is the so called single market for capital to becoming a reality? let s get the thoughts of vim mice. he s ceo of the european banking federation in brussels. this, like many things in europe, it doesn t come with a big bang. it is usually part by part by part going forward. but it is so important that there is talk. it s not only the talk of macron and schulz, there are several high level reports that really want to make this real. what s