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Transcripts For BBCNEWS Business 20240703

and we ll be looking ahead to the eurovision song contest with a special report from the host city malmo. live from london this is business today i m lukwesa burak. later this morning the uk s first quarter growth figures will be published. the uk economy grew slightly in february increasing hopes it is on its way out of recession, just. the economy grew by 0.1% boosted by production and manufacturing in areas such as the car industry. on thursday, the bank of england boss said the monetary policy committee needs to see more evidence that price rises have slowed before cutting interest rates. governor andrew bailey said, he was optimistic that things are moving in the right direction as rates were held at 5.25%. i think it is. i am encouraged by all of this. very encouraged that again we have to achieve an inflation target that is sustainable. that is ourjob and what we do. the news is encouraging. and what we do. the news is encouraging- and what we do. the news i

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Transcripts For BBCNEWS Business 20240703

the news comes after the boss of the bank of england, andrew bailey, said the economy had turned a corner, but wasn t yet in a strong recovery. for more on this i m joined now byjackie bowie, head of europe at chatham financial. where is this growth coming from? the good news is the surprise upside in gdp was actually very broad based. if you look across the different components of gdp we saw a good recovery in the service sector activity. actually good recovery in consumer spending as well because obviously that s been a big focus with the cost of living issue and of course then with inflation that we have seen over the last year as well. so i pretty broad based recovery and again it took some economists by surprise this morning. are you breaking out the champagne now, are the recession time is completely behind us? it certainly looks like we completely behind us? it certainly looks like we have completely behind us? it certainly looks like we have exited - completely

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Transcripts For BBCNEWS We 20240703

and the whole of the back of it had been shredded with the shell splinters. if the sergeant says jump , you said, how high? we just did whatever we were told to do. in the sand, the only way to survive really seemed to be try and get shelter of some kind. because of the 12 of us, - only eight of us had come back. four of our crews had - gone, including one crew who were on their very first trip. it was a sunday, i was in church with my mother and father. and. ..i remember hearing the bishop, getting up in the pulpit, before his sermon and saying, we re now at war with germany, and i thought, how exciting! gosh, an adventure. and little did i know what was in store for me. our division was put in, told to capture the range of hills to the north of tunisia. it took a month of solid fighting. you were shot at, shelled, bombed, mortared everything. and you got that dreadful feeling of. ..sickness in your tummy. oh, god, is this going to be the last time? sometimes yo

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Transcripts For BBCNEWS BBC 20240703

people were killed and 16 people were injured. we are not clear how he got that information, we are not clear whether it is true, it certainly hasn t been verified yet. one of the things he said was that two russian generals had been badly injured in the attack. one is part of the operation in zaporizhzhia, which lies to the north east of crimea, and the other person is linked to russia s north sea fleet. both those people apparently, according to ukrainian military intelligence, badly injured. mr budanov did not comment on reports that the admiral of russia s black sea fleet was killed, so that certainly, even from the ukrainian side, hasn t stood up in any way. ukraine special forces have also commented on this. they have said basically the attack was timed to coincide with a meeting of the leadership of russia s naval forces, but again they gave no evidence for that claim and it hasn t been independently verified. russia on the other hand has stayed remarkably quiet. in fa

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Transcripts For BBCNEWS BBC 20240703

that would be a significant blow to the russian commanding control structures because it is very dependent on its officers. but i haven t seen any official or nonofficial confirmation from public sources that i have been reading. again, if these claims are true, that would be significant for the ukrainians because obviously the russian officers navy headquarters were relocated underground, so they had to bring them to the headquarters higherfloors in order to kill those officers. we are expecting russia s foreign minister to speak in the next hour or so in new york where he has been at the united nations general assembly. do you think he will comment on this strike? what do you expect the russian reaction might be? perhaps we can expect three narratives. first of all, russia has so called red lines that the west shouldn t cross but we haven t seen any evidence that russia significantly retaliates, for example, attacks on crimea. secondly, it would be about appealing to the gl

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