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Transcripts For BBCNEWS The 20240705

they want to raise rates, keep them on hold or cut them. just explain that shift because it gives a sense of what could happen next.- that shift because it gives a sense of what could happen next. there are nine oli of what could happen next. there are nine policy members of what could happen next. there are nine policy members on of what could happen next. there are nine policy members on the - of what could happen next. there are l nine policy members on the committee and they all get a chance to decide whether they want rates to go up, down or stay the same. in the previous meeting in december, three of the nine wanted rates to go up, six would like to hold. to date you wanted to go up, one wanted to go down and six wanted to hold. this was a surprise to markets. markets basically expected a nod and wink from the bank of england to say that rates are properly going to come down this year. so the fact that one member has said we need to lower rents today provides a much

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Transcripts For BBCNEWS World 20240705

by 11 of the 31 members of the alliance. uk prime minister rishi sunak is expected to urge nato allies to learn the lessons from russia s invasion of ukraine and invest more in defence. joining me now is hugo brennan, research director at the risk intelligence company verisk maplecroft. good morning to you, hugo. so, just talk us through the level of defence spending going on at the moment. because this has been a contentious issue for years within nato, hasn t it? it very much has been, yeah. i mean, the first thing to say is the question of who foots the bill to pay for the alliance? as you say, that s long been a question mark. you ll remember back to 2019, when donald trump made it very much top of the agenda. and again, it s going to be in this latest nato summit. as you said, we re expecting some sort of agreement that will make it a requirement for nato member states to spend at least 2% of their gdp on defence spending, which would build on that 2014 agreement you r

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Transcripts For BBCNEWS World 20240705

food prices. the new border target operating model has three stages with the introduction of health certification on imports of goods seen as medium and high risk which includes meat and dairy products, as well as most plants will now require checks from health inspectors or vets before they can be transported. and there will be bigger changes coming from the end of april when these products will be physically checked at new border posts in the uk. then from the end of october, safety and security declarations for eu imports will come into force. it is a lot of new details that have importers worried. anna holligan went to meet one in the netherlands. this planter doesn t put two of the biggest diy stores, for some the rules are about to change. some the rules are about to chance. , , ., , some the rules are about to chance. , , . , change. this is what they call will be plans. change. this is what they call will be plans. because - change. this is what they call will b

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Transcripts For BBCNEWS World 20240705

as the difficult post covid recovery continues to weigh on demand. so that s the picture on the factory floor when it comes to what consumers are facing when buying goods and services the consumer price index was unchanged year on year, compared with a slight gain in may, the slowest pace since february 2021. the us treasury secretary janet yellen has just left beijing following a four day visit in an attempt to bridge us china trade relations. she told reporters just before leaving china that despite significant disagreements, the relationship between both countries was moving towards a surer footing. my my purpose is to make sure that we do not engage in a series of unintended escalatory actions. that will be harmful to our overall economic relationship. with one another. and we have had very little contact, both senior officials and also just the american people and the chinese people, have had very little contact with one another over the last several years. in part

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Transcripts For BBCNEWS The 20240705

a $54 billion aid package for ukraine has finally been approved after being held up for months because of objections from hungary. the deal comes as us military aid for ukraine the largest provider of military support for kyiv is being held up by congress. police are searching for a man who s believed to have thrown a corrosive substance at two young children and their mother in south london last night. they re searching for 35 year old abdul ezedi from newcastle he is thought to have significant burns to his face caused by the substance. we begin tonight as us officials say plans have been approved for a series of strikes against iranian personnel and facilities in iraq and syria but not in iran itself. they told cbs news that the action would be carried out over a number of days. washington has been preparing to hit back at iran backed militias after three us troops were killed in a drone strike injordan. here s our chief international correspondent lyse doucet. wha

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