A crucial way for local companies and multinationals to get their goods into the heart of fuel. Theres a train coming. So when the tents were here at this place there were no trains coming but yeah because. There is not. There trying many times to bring the train as. The refugees represented the problem. For the free. And. There is a ministry here. And you see there. The tribes with many ways that your. Children. So youre blocking the trains deliberately you know that if you are blocking the way. You will and the greeks they will start to react. The greek Train Company poissy told us they couldnt move goods for 75. 00 days costing them 20000000. 00 in lost shipping. I think is the best metaphor for whats happening in europe today in the sense that people refugees who are fleeing from war and from war zones such as syria but also going to stand in iraq became a problem. Because were at the train tracks and theyre blocking the train tracks. So it became a problem for for the for a sions
Before all of that, lets get the news with Polly Middlehurst i nigel, thank you. Good nigel, thank you. Good evening. Well, the bank of england has left its Interest Rate unchanged at 5. 25. Our economics and Business Editor Liam Halligan has more. After 14 successive rate rises from 0. 1 at the end of 2001, all the way up to 5. 25, the bank of england has finally decided enough is enough and inflation is now coming down and theres no need for now, at least to raise rates any more. This will be a huge relief to young families with variable rate mortgages. It will be a huge relief to companies with variable rate loans. It will be a huge relief to many consumers. Savers across the country who Liam Halligan there . Well, the shadow chancellor, rachel reeves, said despite the banks decision , britain is banks decision, britain is worse off under the conservatives. Conservatives. I think there will be a sense of relief, particularly for those who are coming up to the end of their mortgage d
Conservatives. Conservatives. I think there will be a sense of relief, particularly for those who are coming up to the end of their mortgage deals. But lets look at where we are in the Bigger Picture because somebody coming up to remove mortgage their house today is looking at paying £220 more a month than they would have done if they had a remortgaged a year ago. So this is still a very challenging time for families and businesses with the cost of living crisis, which continues to bite. Well borrowers may start to feel the benefits of the bank of englands announcement shortly after it was made nationwide said it will be cutting the majority of its fixed rate mortgages. Fixed rate mortgages. The countrys biggest Building Society , saying theyll Building Society, saying theyll now offer five and ten year fixed rate mortgages of below 5 for First Time Buyers and home movers is away from the economy , the Prime Minister says hard pressed families shouldnt have to pay an unaffordable pric
There is bouygues up 2. 7 on the open. Lets talk to ryan. Royal dutch shell, these are the guys that started the profit war at the start of the year. They smashed expectations. For 5ts were looking billion. Investors very pleased. It will be interesting to hear what the boss has to say on his conference call. Everybody wants to hear about russia. A very sizable interest in russia. One reason why van burton was meeting with putin, kissing the ring if i might say. We heard president putin yesterday warning that there could be retaliatory moves against western interests if they ratchet up their sanctions. He said he may have to look at western energy deals in russia. We can see Royal Dutch Shell up over 3 . Alstom we are waiting. I am getting excited about alstom. It was called up 20 . Lets have a look at another stock, barclays. Everybody is doing it. It is a bad bank. The commodities business, the fixed income business, some u. S. Mortgage assets and european lending books in spain and