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Transcripts for BBCNEWS BBC News 20240604 10:12:00

across the top is one word, i kid you not, archived. laughter archived. doesn t thatjust laughter archived. doesn t that just tell you everything? the government has archived britain s. laughter clive brittain s growth. that is why one ceo says we are falling behind in the race for clean hydrogen, wire electric car manufacturers are leaving britain in droves. ouraversion manufacturers are leaving britain in droves. our aversion to long term proper industrial strategy is costing experience already, but even worse, costing the foundations of a more prosperous future. conference, so will be status quo on skills. any serious plan for growth must accept the need to transform how our

Transcripts for BBCNEWS World Business Report 20240604 04:38:00

the value of the pound to stop the value of the pound to stop the effect of imported inflation adding to the inflationary pressures already inflationary pressures already in the economy. so, ultimately, there are no good options. the bank of england can either not raising interest rates and see the bank value of the pound decline or the central bank can raise interest rates in an attempt to try and mitigate, take the edge of that effect. i see. thank you for the explanation. and one other key point that i think people will look at, and i know the bank of england is independent and has its own reason to tackle inflation but it seems to many households lack the authorities are pulling in opposite directions. the bank is raising interest rates. it puts financial pressure on households, makes their borrowing more expensive. doesn t that just negates borrowing more expensive. doesn t thatjust negates the effect of the support the government is giving to households in the form of that £400

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