to the director general. gilbert hungbo, a pleasure having you on the show, let s start with theirs. your forecast for this year don t paint a pretty picture, what are you expecting? pretty picture, what are you meeting? pretty picture, what are you exectin? ., ., ., ., pretty picture, what are you exectin? ., . , ., ., ., expecting? covid effects, a lot of countries. expecting? covid effects, a lot of countries, particularly expecting? covid effects, a lot of countries, particularly from - expecting? covid effects, a lot of countries, particularly from the l countries, particularly from the north, have started recovering while low income economies are struggling. 0n the other hand, we have job situation with the war in ukraine, and its consequences. the inflation situation. when we put all of that together, it gives a picture that is not rosy. together, it gives a picture that is not ros . , , . not rosy. gilbert, in recent weeks we have heard not rosy. gilbert, in recent w
saw last than some of the bad blood ones we saw last year. the key question the unions saw last year. the key question the unions are saw last year. the key question the unions are asking though, has there been unions are asking though, has there been a unions are asking though, has there been a change of substance? we might aet a clue been a change of substance? we might get a clue today- been a change of substance? we might get a clue today. thank been a change of substance? we might get a clue today. thank you. a new scheme to support firms with their energy bills will be announced in the house of commons today. it comes after the current support which caps the unit cost of gas and electricity ends in march. ben has this details. so many businesses desperate to know what kind of help they are going to get going forwards. thea;r what kind of help they are going to get going forwards. get going forwards. they were exectin: get going forwards. they were expecting to g
money winter comes. so it s not about money. there s not a lot the west can do money. there s not a lot the west can do but money. there s not a lot the west can do but it money. there s not a lot the west can do but it will be very difficult as this can do but it will be very difficult as this war can do but it will be very difficult as this war continues throughout this winter as this war continues throughout this winter stop an advisor to the interior this winter stop an advisor to the interior minister has been putting out information today that they are expecting out information today that they are expecting and out information today that they are exectin ., ., out information today that they are exectin: ., ., ,, ., ., expecting and other russian draft another russian expecting and other russian draft another russian bra. expecting and other russian draft another russian bra. it expecting and other russian draft another russian bra. it seems - expecting and oth
to be looking at the issue at hand, and just in terms of the response going forward, what are you expecting? i going forward, what are you meeting? going forward, what are you exectin? ~ , ,., , expecting? i think this is a wake-up call to eumpe expecting? i think this is a wake-up call to europe because expecting? i think this is a wake-up call to europe because missiles- expecting? i think this is a wake-up call to europe because missilesjustj call to europe because missilesjust hit europe and they hit nato territory. so, ithink hit europe and they hit nato territory. so, i think we re likely to see more support for ukraine in terms of air defence systems and may be aeroplanes. europe has been resisting the united states has been resisting the united states has been resisting sending planes for months and months and months, so hopefully this will be a wake up call in washington and poland and other countries will finally agree to send the systems. but ukraine is very vulnerable.
measures would push inflation up rather than bring it down. if you use fiscal policy to put more money into the economy through tax cuts, that would tend to mean that the bank of england has to do more to get back to the 2% target, that is why they are expecting interest rates to peak next summer by more than 6%. now it has changed, since the mini budget and the exit from downing street and the reversal most of those measures, you the expectation they will peak at four and three quarters, that is still a big rise, we are now at 2.75, to go further will be crippling if you re coming off a five year fixed mortgage and having to tackle a much higher interest rate. joining us now is danni hewson, who is a financial analyst from aj bell. what are you expecting? we are exectin: what are you expecting? we are expecting to see what are you expecting? we are expecting to see 0.75 what are you expecting? we are expecting to see 0.75 high, i what are you expecting? we are expecting to see 0.