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Transcripts For BBCNEWS BBC 20240704

Pain it also causes. The background to this is high inflation, we have a sequencing that Around The World, particularly sticky, or at least has been here in the uk. That is why the bank has been increasing Interest Rates to try and curb the spending and get that Inflation Rate down. Should they continue to do that today, on the one hand, we have an Inflation Rate in the uk that has been easing a little, and when you dig into some of the details, to look at Producer Price inflation, thatis look at Producer Price inflation, that is further down the supply chain, that is the price is that manufacturers and factories might be paying, suggestions are it could be coming down quite significantly now. On the other hand, headline inflation, 7. 9 , still four times the Bank Of Englands 2 target. When you strip out energy and food, which can be equally volatile core inflation, they are still not falling by enough, wage growth remains quite high as well, and then there are wage comparisons, and in

Transcripts for BBCNEWS BBC News 20240604 09:35:00

happen to combat inflation. the argument is, everyone hurts. this is argument is, everyone hurts. this is a short term pain for long term gain. do you agree with that? i a short term pain for long term gain. do you agree with that? hind gain. do you agree with that? i find it difficult to gain. do you agree with that? i find it difficult to agree gain. do you agree with that? i find it difficult to agree with, gain. do you agree with that? i find it difficult to agree with, in - gain. do you agree with that? if ic it difficult to agree with, in the sense that i m not quite sure what the expectation is, like people in our situation or similar situations are supposed to do. i understand that there are quite rightly help funding for those on the lower wages, but those on the middle ground who don t have savings of those amounts, we both work long hours. i m not sure. i understand the long term plan, but in the short term, you re talking about people potentially losing their homes an

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