in decades, jeremy hunt wants get millions of those seen as economically inactive back working. how? i ll have the details. and former england rugby player tom youngs speaks to bbc breakfast for the first time since his wife died from blood cancer lastjune. the loneliness probably the one which really gets you. and which really gets you. and which really -ets you. you think, i will rin- someo but and you think, i will ring someone, but it s and you think, i will ring someone, but it s still and you think, i will ring someone, but it s still not the same as having but it s still not the same as having someone there to talk to. we are having someone there to talk to. are gearing having someone there to talk to. - are gearing up for the opening day of the chelsea festival mac cheltenham festival, the highlight of the british jump cheltenham festival, the highlight of the britishjump racing calendar. it is a cold start to the day, a risk of ice on untreated surfaces, a
decisions on interest rates and they put up interest rates again by 0.25%. the last time they were there was middle of they were there was middle of the financial crisis in 2008. they also say they will stay for that level for quite some time so this idea of high interest rates to say is here to stay. interest rates to say is here to sta . f , interest rates to say is here to sta . j , , . to stay. they re big picture message to stay. they re big picture message is to stay. they re big picture message is not to stay. they re big picture message is not great, - to stay. they re big picture message is not great, it i to stay. they re big picture message is not great, it is| message is not great, it is pretty bleak. they are saying things may not be as bad as had been predicted. been predicted. that s where the graphs been predicted. that s where the graphs come been predicted. that s where the graphs come in been predicted. that s where the graphs come in and - bee
germany. your speech suggests you don t acknowledge these things. if you cant don t acknowledge these things. if you can t see the problem, chancellor, why would voters believe you can chancellor, why would voters believe you can fix chancellor, why would voters believe you can fix it? you can fix it? joel, let s get that bit ri . ht! you can fix it? joel, let s get that bit right! i you can fix it? joel, let s get that bit right! | think you can fix it? joel, let s get that bit right! i think you you can fix it? joel, let s get that bit right! i think you are - bit right! i think you are completely wrong. my entire speech is about how we deal with the productivity paradox that is at the heart of why we haven t seen that growth in real incomes, if we don t invest in improvements in our education system, in our skills, if we don t find opportunities for the millions of people who could work and contribute to our economy back down at the moment, we are not going to s
of the financial crisis, 2008 ish? yes. and they have said they will stay about that level for quite a while, so the idea that interest rates are here to stay is here to stay. and the big picture message is not great, it s pretty bleak, but they are kind of saying things might not be as bad as had been predicted. yes, that s where the graphs come in. we will now try and paint graphs with words, but they looked at inflation, which they do in all these reports and actually, they are now suggesting that inflation will fall faster than they predicted when they lasted this back in november. politically, that helps rishi sunak, showing his first pledge of halving inflation by the end of the year is comfortably going to be met on this trajectory. yes, and voters and lots of people will say hurrah to that. as far as the politics is concerned, there will be, as there was when he announced this, a slight scepticism about the extent to which he is actually responsible for that. it is qu