if you have just joined if you havejustjoined us it is time for the top business stories. we start here in the uk where in the next few hours the bank of england is widely expected to raise the cost of borrowing for the twelfth time in a row. the quarter percent rise most economists are predicting would take the bank s main interest rate to 4.5% the highest it has been in almost 15 years. the big question though will it be enough to start to get inflation, which is still running at more than 10% a year, under control? let s speak to katharine neiss she has held various roles at the bank of england and is now chief european economist at p gim fixed income. good to have you on the programme. iassume good to have you on the programme. i assume you are with the majority believe we are looking at a rate hike today of another 25 basis points. today of another 25 basis oints. . , today of another 25 basis oints. . , ., , points. that s right, that s the consensus p
we start with an emphatic win for manchester city who ve beaten the 1a time winners real madrid 4 0 to reach the final of the european champions league against inter milan. 5 1 on aggregate. it s the one trophy pep guardiola is yet to win at city, in a season where they re chasing a treble. twice beaten at this stage by real. this was finally city s night. our sports editor dan roan was watching at the etihad stadium. this was billed as a battle between the two best club sides in the world but there were only two in the stop the second leg after the 1 1 draw in madrid last week in the first leg but manchester city were way too strong for the champions, the serial winners of this competition, real madrid, running out 4 0 winners, 5 1 on aggregate and means manager pep guardiola s side got compelling emphatic revenge against the side which knocked them out at this stage of the competition both in 2016 andindeed of the competition both in 2016 and indeed last year and it means c
rates to a 15 year high at 4.5% as it continues its fight against high inflation. and donald trump calls for republicans to let the us default on its debt rather than give way on biden s spending plans. hello. a warm welcome to the programme. this is world business report, i m ben thompson and we are going to start in the uk where the bank of england has raised interest rates for a 12th consecutive month. all of that as it tries to fight high inflation. uk interest rates were raised by 0.25%, while the bank said inflation would fall sharply in april but not as far or as fast as it previously thought. last month inflation slowed to 10.1% but that figure is still way above the bank of england s target. remember that target is 2%. let s speak to victorias, head of investment at interactive investor. lovely to see you. let s talk about what we have heard. first the interest rate itself because the interesting stuff is what the bank told us about what might happen next. a widely
Former culture minister. What i thou. Ht former culture minister. What i thought was former culture minister. What i thought was interesting former culture minister. What i thought was interesting was i former culture minister. What i l thought was interesting was she left wiggle room for what i think George Osborne and the British Museum want to do which is to create a Cultural Partnership with greece where it is possible for the parthenon sculptures to physically return to athens for a period of time in return for some pre eminent objects coming from athens to the British Museum and that would be a win win for everybody. Museum and that would be a winwin for everybody. Greece mi. Ht winwin for everybody. Greece might not winwin for everybody. Greece might not see winwin for everybody. Greece might not see that winwin for everybody. Greece might not see that as winwin for everybody. Greece might not see that as a winwin for everybody. Greece might not see that as a win winwin for ever
homage to her as her leisure man. and others will do that. william will do that interesting and yes, we do know that harry will be there very will be there , but not not with megan. and i mean, it sounds like what you re describing is it will be, um, unique to because there is a nod to modernity. but then it also sounds like kind of maybe, you know, in royal space is kind of a humble, you know, also offering to with that type of medieval crown that you were talking about it right there for now, and we ll have you back because we ve got weeks ago. you know a whole lot. rehearsing of , of all these musicians, choirs have got to get used to this 12 musical selections. and, of course, there s going to be so much pomp in circumstance. so we ll have you back for that. sally bedell smith. good to see you. thanks so much. you deceived frederick, you re welcome. hello again, everyone. thank you so much for joining me. i m fredricka whitfield, and we re learning new details now about a