have the ability to keep making so called virgin steal from scratch within the uk. there are also clearly concerned about the workforce here. while there are plans to bring a free port to port talbot, potentially building aviation fuel plant here, too, those plans are in the medium to long term, there is nothing to immediately shift these workers do. at £100 million pot has been announced to potentially help workers to retrain or find other work. it would be very difficult to find a pathway forward until those other potential major employers arrive in port talbot. arrive in port talbot. thank you very much arrive in port talbot. thank you very much indeed. arrive in port talbot. thank you | very much indeed. presumably, arrive in port talbot. thank you - very much indeed. presumably, the fallout from this will be analysed now. what is your expectation as to where it goes in terms of steel production in the uk in the short term? ., , ., , ., production in the uk in the s
before those strikes took place, the boss of maersk, one of the world s biggest shipping companies, spoke to the bbc to warn of significant disruption to global supply chains because of the houthi attacks. maersk, like other shipping operators, is re routing its vessels away from the red sea and suez canal. instead they are taking the long way round , from asia to europe, and around the cape of good hope. that s an extra 3500 nautical miles, or up to two week s sailing, adding as much as $1 million per ship, in fuel alone. maersk ceo vincent clark told the bbc that these extra costs are already being passed onto consumers. this assessment of the most important oddities of global trade and to rewrote all of this cargo now south of the cape of good hope is going to create significant disruptions to the global supply chain for the duration in which we have to do that and probably a few months more as we have to get back then into normal. you need to see a stronger mobilisatio
we start here in the uk with a very rare piece of good news about the cost of living because for people in england, scotland and wales, average energy bills are set to fall by hundreds of pounds this summer. the uk energy regulator ofgem is about to release its latest price cap the maximum amount suppliers can charge the average household. because the cost of energy has fallen sharply on global markets, that cap is expected to come down from july, saving the typical household annually around £450. hannah miller has been talking to energy users in the east of england who have been struggling to pay their energy bills. since we last came to suffolk, 18 month old robyn has taken her first steps. and her mum, claire, has been trying to keep the family bills under control. we first met in august, when claire was already cutting back on her electricity use. i am terrified that, when the winter comes, we re not going to have enough for the bills. since then, energy prices hav
the global monetary pivot that was what some commentators were declaring on wednesday, after the us federal reserve said it had probably finished raising interest rates, and signalled it was planning to start cutting them next year. but clearly, neither the european central bank nor the bank of england got the memo. they left their rates on hold and said it was too early to talk about cutting them. in fact, here in the uk, three members of the bank of england monetary policy committee actually voted to raise the interest rate above its current level of 5.25%. the bank is worried that inflation the rate that prices are rising is still not under control. our economics editor faisal islam reports # last christmas, i gave you my heart.# liverpool s christmas market the festive spirit is here, but little sign of a marked upturn in the economy. people here continuing to have to cope with new surges in the cost of living, even as inflation slows. i sold my car last week. car
order an investigation into whether the home secretary broke the ministerial code. suella braverman was accused of asking civil servants to help her avoid taking part in a group speed awareness course after she was caught speeding. mr sunak says he has consulted with the independent advisor on ministerial interests and was advised that on this occasion, further investigation is not necessary, and said he did not believe the matter amounted to a breach of the ministerial code. live now to our chief political correspondent, nick eardley, at westminster. this has broken the last half an hour or so, what more has the prime minister and for her part suella braverman had to say? in minister and for her part suella braverman had to say? in some ways it is that what braverman had to say? in some ways it is that what the braverman had to say? in some ways it is that what the home braverman had to say? in some ways it is that what the home secretary i it is that what the home s