i m frankie mccamley. more on those rail strikes just as one tube strike has finished we have another coming in a matter of weeks. as we ve been hearing, tens of thousands of rail workers will walk out on the 21st, 23rd and 25th ofjune. london underground workers are also due to walk out on the 21st of this month. eight in ten londoners say their household cost of living has increased since the beginning of the year that s according to new research by the mayor s office. it also suggested that low income families are being hit hardest by energy and food price rises. the government says it s protecting the eight million most vulnerable through at least £1,200 of direct payments this year. and we would like to hear your story if you have been affected by the rise in the cost of living, do get in touch. email us the address on your screen now is hellobbclondon@bbc.co.uk. wearable technology has become a big part of our lives,
let s turn to the uk now, where the bank of england makes its policy decision in a few hours time. it s facing a near impossible dilemma caught between omicron on one side and inflation on the other. as you ve been hearing, on wednesday the uk recorded the highest number of infections since the pandemic began. and warnings from the business world about the economic damage are growing. but figures also out on wednesday showed inflation at a ten year high, raising pressure on the bank to raise rates. here s our economics editor, faisal islam. there s not just here there s notjust here in cardiff that inflation is reaching ever dizzy heights. across the nation prices are rising at their face does fastest rates in a decade driven by record petrol prices, as well as spacing gas and electricity, and our clothing and food price rises. raising questions about how quickly it will come down to earth. the official rate of inflation reached 5 .1% in november, the highest level since 2011, and
production trade will continue in the coming week and even with the clarity of the change in the egyptian government in the next few days, i think there are still a lot of uncertainties in the political transformation given the leadership, secession. and a bigger question mark for investor is whether there will be further to the middle east. because that will have a much wider impact on global oil price and global commodity price and that will continue to filter through to the global economy and in asia, investors have concern about inflation and impact for global oil shock on the gulf in asia. yeah. let me just pick up on that. obviously the focus very much for asia is the chinese economy. so, yes, all of this is going on in egypt, but at the same time we re talking about food price rises and oil price rises which