Celebrations marking the 70 anniversary of the countrys independence from britain. Singer taylor swift wins her Sexual Assault case against a former radio dj. Good morning. It is tuesday, the 15th of august. Welcome to bbc newsroom alive. The Brexit Secretary has confirmed that the government wa nts to has confirmed that the government wants to negotiate a temporary Customs Relationship with the eu for when the uk leaves, similar to current arrangements. The Eu Commission has welcomed the proposals, but Opposition Parties here save the document lacks detail. Britain would also seek to be allowed to negotiate trade deals with countries outside the eu. Although members of the Eus Customs Union are barred from striking such agreements. Adam fleming explains. Under the Customs Union, the eu has one external border for the import of goods from abroad. If import taxes, known as tariffs, are paid, they are paid when that product enters this area. It can then move around between countries with
we ll hear anything on those costs today, but they ve been more of a focus into 03. but there s a always a risk with a new ceo taking over that there s a kitchen sink situation and he trieses to derisk future financial risks by decreasing risks now. thank ou ve by decreasing risks now. thank you very much by decreasing risks now. thank you very much for by decreasing risks now. thank you very much for your- by decreasing risks now. thank| you very much for your analysis this morning. to the us now where there is growing optimism the world s top economy can beat inflation and avoid recession. the federal reserve has raised interest rates to a 22 year high to bring that inflation under control raising fears it could severely damage growth pros pecks. but on thursday, official figures showed the economy growing much faster than expected between april and june. not only that, the fed s preferred measure of inflation slowed to just 3.8% ever closer to its 2% target. we get the figure fo
may be discussions on the committee, some may want to back off a little, but right now interest with rates will carry but the market is expecting once they get that information towards the end of the year that they will slow or reverse the hikes that was what is responsible for some of this recovery in the stock market and so forth, that is a way off and so forth, that is a way off and i think inflation has to come down quite a bit the federal reserve gets to back off. euro area annual inflation is expected to have soared to 8.9% injuly 2022, up from 8.6% injune, according to a flash estimate from eurostat, the statistical office of the european union. we ll get the confirmation of the final figure forjuly later today. this comes after soaring food costs pushed uk inflation into double digits for the first time since 1982, with prices continuing to rise at their fastest rate for more than 40 years. joining me now is samy chaar,
we re expecting the latest uk inflation figures, showing how much prices are rising. injune, it reached 9.a% the highest level in a0 years but the official figure forjuly is expected to havejumped even higher. nina will give us the details in a moment, but first here s our business correspondent, caroline davies. shaun s vehicle recovery business is facing rising costs but, with many of his contracts already in place, he can t raise prices like he wants to. obviously, the fuel 25 to 30% that s costing us extra for the same income. insurance that s been up. lorries, price of lorries secondhand and new 30%, maybe up to 50%, some of them. and as i say, we re on the contracts. we cannot change the prices at all. we ve put some of our local customers up, but that s 5% or 10% of our income. the rest of it s absorbed by the business. the cost of fuel has started to drop recently, but inflation is expected to keep rising. it s being blamed mostly on russia s invasion of ukraine. as c
sadly, children who have lost parents and parents who have lost children and not included. parents who lost children, children who lost parents are not on existing financial support schemes and will not receive compensation as part of this announcement. campaigners will continue to push for them to be included in these interim payments and for further payments once the public inquiry concludes, which it s expected to next year. simon dedman, bbc news. new figures being published this morning are expected to confirm another hike in the uk s rate of inflation. injune, it reached 9.4% the highest level in a0 years but the official figure forjuly is expected to have jumped even higher. the bank of england predicts that the rate will hit double digits by the end of the year, as our business correspondent, caroline davies, reports. shaun s vehicle recovery business