fascinating snapshot of business. we will start with the economy, where it recorded a growth of 0.01%. they fell by 0.8%, underscoring the impact of the ongoing strikes on the cost of living crisis. hardly booming, but a far cry from the record breaking recession that the bank of england was protecting six months ago. on thursday, they announce a major rethink of its forecast, said the uk will avoid going into recession. the bank also raised its main interest rate again by .25%, but is why it sets. it is the 12th right in a row and puts the cost of borrowing at around a 15 year high. areal cost of borrowing at around a 15 year high. area i spoke to stephen nolan, a lecturer at liverpool in economics, and asked him why the uk is lagging behind the other common needs. . . , is lagging behind the other common needs. . ., , ., needs. there are a number of factors, needs. there are a number of factors. but needs. there are a number of factors, but when needs. there are a numbe
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needs. . . , is lagging behind the other common needs. . ., , ., needs. there are a number of factors, needs. there are a number of factors. but needs. there are a number of factors, but when needs. there are a number of factors, but when growth - needs. there are a number of factors, but when growth is i factors, but when growth is oscillating up and down near zero, it is generally not good. there are lots of factors, brexit is a warm, add long term as well. we ve had no real sustainable growth in 15 years, since to global financial crisis. we are always talking about the productivity puzzle in the uk, gdp, it is much lower than in competitor nations. that is still what recall structural problems, we don t seem any closer to fixing it. here structural problems, we don t seem any closer to fixing it. any closer to fixing it. here is £1 billion question, any closer to fixing it. here is £1 billion question, how any closer to fixing it. here is £1 billion question, how does -