he has written to the chancellor saying that there should be action for him in a regulation to make sure that savers benefits from the change in interest rates. i recognize the concern is just the chancellor himself has recognized that this is something to be monitored carefully. he met with the banks on friday the primary focus was dealing with the implications of several positive things came out of that, we took the opportunity to to have conversations with your lender and not prejudice your credit rating as well as delaying reposition from the first payment that was a constructive conversation will continue to look at the gap between the interest on saving and the headline rate. let s talk about something that is in your personal you mentioned already public sector pay, if you want to keep
underlying part of inflation doing, what is services inflation doing? those other parts that the bank of england has a much better chance of controlling and so they will still be very high. not quite as high as the headline rate but still almost 7%. so this is good news that it is going on the right direction but still very strong. the right direction but still very strong- the right direction but still very strong. i m sure anyone watching very strong. i m sure anyone watching in very strong. i m sure anyone watching in the very strong. i m sure anyone watching in the uk very strong. i m sure anyone watching in the uk will- very strong. i m sure anyone watching in the uk will want| very strong. i m sure anyone l watching in the uk will want to know for how long we will be in this position. we are expecting, as you say, the bank of england to raise rates tomorrow again. for how many months will it be raising rates, when will they stop, and for how long are we looking at very h
sticky inflation, no letup in the cost of living. the bank of england keeps on raising rates. could ai mean morejobs for humans? we look at why the boom in artificial intelligence could create work, rather than destroying it. welcome to world business report. we start here in the uk where we ve had the latest consumer price inflation number for the 12 months to may, which has remained unchanged on the previous month at 8.7%. this latest figure has come as something of a surprise as analysts were expecting a small fall in that headline rate. core inflation, the rate excluding food and energy, went up to 7.1% from 6.8% the previous month.
by moving into shared accommodation and in some cases moving back in with parents so that they have more chances of getting a deposit and getting on the housing ladder later down the line. down the line. really quickly, inflation numbers down the line. really quickly, inflation numbers tomorrow, | down the line. really quickly, i inflation numbers tomorrow, bank down the line. really quickly, - inflation numbers tomorrow, bank of england numbers on thursday, what you expect? the england numbers on thursday, what you “pest? you expect? the key figure is not necessarily you expect? the key figure is not necessarily the you expect? the key figure is not necessarily the headline - you expect? the key figure is not necessarily the headline rate i you expect? the key figure is not necessarily the headline rate of l necessarily the headline rate of inflation, it is what happened to her inflation. we will be looking at that very closely. i think we will probably see 25 basis points g
are starting to slow as the retail giant reported higher sales. the supermarket said that in the three months to the end of may, uk sales were up 9% from a year earlier to £10.8 billion. households have been facing soaring prices, with food inflation hitting 19.1% in the year to april. much higher than the headline rate in general. let s get more from our business correspondent marc ashdown. these remarks come after british supermarkets were criticised for their role in food inflation. what more can you tell us? that s riuht. what more can you tell us? that s right- firstly. what more can you tell us? that s right. firstly, tesco what more can you tell us? that s right. firstly, tesco is what more can you tell us? that s right. firstly, tesco is pretty - what more can you tell us? that s| right. firstly, tesco is pretty much the biggest player, the uk s biggest supermarket, they have one third of the sieve market share, they are a really good barometer on what is going on in the