over 3% in december. we spoke to investment manager shanti kelemen. she told us the fall in shop prices is a positive development, as the bank of england weighs up when it can start cutting the cost of borrowing. i think it s absolutely good news. i mean, one quirk of psychology is that even though inflation isn t going up because prices arejust sort of constant, it might not feel a lot better because the price is still higher than it was two years ago. with the changes and how people are expecting the future to unfold, the interest rates people pay our mortgages have already fallen a bit, similarly the rates the government is paying for borrowing are also coming down a bit from last year, so that in itself will provide a little bit of relief, even before the bank of england changes interest rates. but will that downward trend in shop price inflation continue? we all know about the supply chain disruptions in the red sea. and the picture could be further complicated from toni
it s revealed that almost 400 hotels across the uk are now being used to house asylum seekers at a cost of £6 million a day. and why something fishy has been going on after the body of a rare shark was discovered on a beach in hampshire. and coming up on the bbc news channel. facing a length ban aleksandar mitrovic s moment of madness means he could be out for a significant part of fulham s season. good afternoon and welcome to the bbc news at one. for the increasingly isolated russian leader vladimir putin, it is a hugely significant moment the chinese leader xijinping has travelled to moscow to meet him. president xi says today s state visit will give new momentum for relations between the two superpowers. mr xi will be the first foreign leader to shake vladimir putin s hand since an international arrest warrant was issued for the russian president on war crimes charges. 0ur russia editor, steve rosenberg, reports from moscow. when xi jinping arrived you could tell
fredricka reynolds used to do all the flowers for the weddings, but in an instant, that key part of her business was snatched away. they rang me on the thursday before the asylum seekers came on the monday, and cancelled all my weddings for the foreseeable. that s a huge amount of work and income to me. and she told me it s notjust the loss of thousands of pounds. me and my boys used to go swimming every saturday there. i ve got two little ones and every time we drive past there, they want to go swimming and, unfortunately, that s closed now. because of the small boats crossing the channel, the number of asylum seekers in hotels has gone from 3,000 to 51,000 in just three years. it s the government policy that almost no one is in favour of not even the government and it s costing the taxpayer £6 million a day. daniel sandford, bbc news, kegworth. more than 100 metropolitan police officers, who are being investigated for domestic abuse or sexual misconduct, are being allo
At one point they were down by almost a third. Metro bank is the youngest lender on britains high streets. It launched here back in 2010 in the wake of the Global Financial crisis to take on the likes of lloyds and ba rclays. It was the first to do so for more than 100 years. But its had a series of Financial Issues and on thursday there were reports that its urgently trying to raise up to £600 million to shore up its finances. So should customers be worried . Heres our Business Correspondent theo leggett. Well, i dont think customers should be too worried at this stage. Although a 25 drop in the share price is clearly not a good look, metro bank insists that, fundamentally, its finances are pretty sound, it made a profit in the first half of this year, and it continues, crucially, to meet all regulatory requirements in terms of the financial buffers its obliged to give. 0n terms of the financial buffers its obliged to give. On top of that, the Financial Services Compensation Scheme d
Good evening. A man who broke into Windsor Castle with a loaded crossbow to kill Queen Elizabeth on Christmas Day in 2021 has been jailed for 9 years after pleading guilty to treason. Jaswant chail, whos now 21, will initially be kept in custody at broadmoor hospital. He is the first person in the uk to be convicted of treason since 1981. Daniel sandford reports from the old bailey. Just a few metres from the queens private apartments, and with his crossbow discarded on the ground, the moment when Jaswant Crossbow discarded on the ground, the moment whenJaswant Chail crossbow discarded on the ground, the moment when Jaswant Chail was arrested. Seen here moments later, he had used a rope ladder to get into Windsor Castle on Christmas Day 2021. When challenged by the armed officers, he said, i am 2021. When challenged by the armed officers, he said, iam here 2021. When challenged by the armed officers, he said, i am here to kill the queen. Wearing this metal mask inspired by his obsessio