that is despite us china trade hitting a record high last year and with president xi increasing his power this expert what s wrong what s wrong tells us what this means. when will the rivalry have the consequences for the rest of us? we ll hear from the former head of the monetary fund s china division. the man behind brands such as intercontinental, holiday inn and crowne plaza tells us by a big expansion is not stopping him sleeping despite the delicate state of the global economy. welcome to talking business weekly. the us and china are the world s two biggest economies and for decades they have helped to power the global economy meaning that when they do well so does the rest of the world, but there is a growing amount of hostility between them whether it is spy balloons, differences over the war in ukraine, taiwan or coronavirus, those tensions are not always directly related to trade but they re having a growing impact on business deals. today the first shipment of some
not ones to write home about. 11.3% is the jump in wholesale prices from a year ago and came in lot steamier than economists predicted coming off the you know what it feels like when you buy things. consumer prices are up substantially. fastest pace we ve seen since 1981 back in reagan years. you have to go to art laffer to find that out. white house points out wages are up. here is the deal. wages aren t rising at the pace of inflation. you look at a pay cut of 3.6%. if you crunch the numbers inflation is costing the average american household $500 a month. setting on fire every single month because you aren t getting anything for that $500. bill: questions now including this how did we get here? many economists blame out of control government spending along the way. democrats are passed more than $3 trillion in new spending under president biden and they aren t taking their foot off the gas as they look to revamp build back better. let s go to mark meredith live f
about it. and anyone who can expect an incoming labour government to quickly turn on the spending tops will be disappointed. inflation, debt, taxes are now huge constraints. we will make different choices, on the non dom tax choices. invest it in high quality teaching and our children s mental health. but at the same time, we will be ruthless when it comes to spending every pound wisely. i run a public service in the days of austerity. i know how hard it can be, but i also know how hard it can be, but i also know you can always find ways to improve delivery. change your practice. your behaviour. reform your approach. when times are to have, like they are now, that is the least that people expect. put it like this. there some people in this country right now wake up in the morning and no everyday will bring a fight for every penny. just like the last day. my sister is one of them. i will say to her, let s go to the pub for lunch. and she will say straightaway, al make sandwich
is the release of dozens more israeli hostages abducted by hamas on october 7th imminent? the israeli war cabinet met tonight as hopes rise of a deal to free israelis held in gaza. we ll talk to one man who is hoping at least some of his relatives could be freed. also tonight, on the eve of the chancellor s autumn statement, we ask voters across the country what they want to hear. what i would be looking for in an ideal world is that the triple lock would be maintained. i m expecting to get a raw deal, not a good deal. speak to us disabled people and make it so we speak to us disabled people and make it so we can speak to us disabled people and make it so we can come to work and we can contribute we ll also talk live to a professor in economics of innovation and public value. the chief economic advisor at allianz. and the co chair of liz truss s growth commission and ask what they would do if advising the chancellor. plus a us tech firm palantir wins an nhs it contract
pre tax profits ringed in at $7.7 billion in the third quarter. now, this is all driven by rising global interest rates feeding into their balance sheets. but there have been questions before that these high rates were not being passed on to savers. joining me now is the independent banking analyst, frances coppola. nice to see you, doing rather well. i imagine those paying higher mortgage rates and everything it is a bitter pill. tell us more about the numbers? it is yet tell us more about the numbers? it is yet more tell us more about the numbers? it is yet more profits from their very healthily inaudible it has shrunk ever so slightly in this quarter but it is still way above where it was last year and that does reflect the fact that they have passed on interest rates to lenders much more quickly than they have to savers, which i think some people might get quite cross about. ~ . ., , , about. wanted we are seeing, is we are seeing about. wanted we are seeing, is we are