Increase wont come. Lets not forget that yesterday we heard that average uk wages were rising at their fastest pace in 20 years. Joining me now is Neil Shearing group Chief Economist at capital economics. Thanks very much for being with us today. Clearly it is pretty good news, but is it happening fast enough, oras news, but is it happening fast enough, or as fast as we had hoped . The fall in the Headline Rate of inflation, as you say, thats going to be welcomed by the Bank Of England. It takes a bit of pressure off them. But when you start to dig into the details of this report, i think perhaps there is still some uncomfortable reading there for the policymakers of the bank. As you mentioned, a lot of the fall in the Headline Rate, that is driven by what has happened to food and Energy Prices and that is out of the banks control. Interest rates dont tend to affect the price of our energy or food. Those are set in global markets. What they do affect his conditions in the real economy,
As concerns continue over the humanitarian situation in the territory. The United Nations says more than half a Million People are one step away from famine. Aid going into gaza is being held up because of intense Security Checks at two Southern Land crossings. Air drops are helping palestinians. These, some of 10,000 meals that landed in the northern part of the territory today. But so much more is needed, and now this charity ship with 200 tonnes of food is part of the effort, on its way from cyprus. Quentin sommerville is in the port city of larnaca. He sent this report. Its a drop in the ocean of gazas need, but this is the first direct aid shipment by sea about to leave cyprus. The spanish ship the open arms, seen here in larnaca port, getting ready to set sail. It has a long journey ahead of it. The barge has 200 tonnes of desperately needed essentials rice, flour and pre prepared meals. This has taken months in planning. The cargo was loaded all weekend. The final Security Clear
has turned this chamber, where slavery was abolished, where medicare and social security and everything were instituted, they turned it into a puppet show, a puppet show. you know what, the puppeteer, donald trump is shining a light on the strings. you look miserable. you look miserable. the only advantage to all of, this is that instead of reversing what we did on the i.r.a. say the planet, or reversing what we did to reduce the cost of prescription drugs, you are wasting time. you look miserable, former house speaker nancy pelosi calls out republicans for the grievance politics, and using the house floor to appease donald trump by centering democrat adam schiff who the first impeachment against the former president. it comes as there is a growing rift between two of the most outspoken far-right members of the house, over how and when to impeach president biden. also ahead, we are learning more about the case, special counsel jack smith is building against donald, trump an
jonathan charles is back with us geopolitical insight advisor, specialising in russia and the countries around it and a former bbc correspondent in moscow and ukraine markets in moscow and ukraine quick to react and no surprise markets quick to react and no surprise that the rouble has sunk. it surprise that the rouble has sunk. . , , ., ., sunk. it hasn t been doing that well for several sunk. it hasn t been doing that well for several weeks - sunk. it hasn t been doing that well for several weeks and - well for several weeks and months and it was inevitable with uncertainty and that is what we have with russia now, it has exacerbated a trend and we have seen that fall in the rouble. untilwe we have seen that fall in the rouble. until we know what is going to happen, can vladimir putin reassert that sense of strongman rule which at least is certainty, it may not be very nice, but at least it is certainty, then there will be questions about the economy, about the roub