Today’s MPC meet will have to explain reasons for missing the targets. CPI inflation has been around 6 per cent in the first 9 months of 2022 and stood at 7.4 per cent in September
the international monetary fund has told central banks around the world to stay the course in the fight against inflation, despite their warning that a third of the global economy will be in recession next year. in its half yearly update, the imf said the worst was yet to come. it blamed a combination of cost of living pressures, russia s invasion of ukraine, and a slowdown in china s russia s invasion of ukraine, and a slowdown in china as important factors behind a fresh growth downgrade. the us, the eu and britain have all reported inflation levels not experienced since the 1980s. this is adnan syed he s 41 years old. he has spent more than half his life in jail. but now prosecutors in the united states have dropped all charges against him as he has been cleared of the murder of his former girlfriend.
uuite how did she do? unfortunately, quite poorly- how did she do? unfortunately, quite poorly- it how did she do? unfortunately, quite poorly. it is how did she do? unfortunately, quite poorly. it is not how did she do? unfortunately, quite poorly. it is not her- quite poorly. it is not her fault. it is a result of the data speaking for itself. i don t think it is an understatement to say investor confidence on this side of the atlantic in the uk is a shot of that country has been brutal, it has talked about the uk economic policy and assembling that of an emerging market and the fact the bank of england had tojump in over the past 2a hours has been seen as a band aid to what is considered to be very poor fiscal policy design. there is real work still to do to build credibility here. also, whilst this is going on in the uk and people are selling the pound because, as you say, this lack of confidence about the future right now, we have an extremely high dollar, as well, which is
but also here in the us market. we are beginning to see the impact of what that means, a slowdown in global demand, but also reduced dollar levels coming and we are seeing that in the dow as that kicks in. in terms of the us uk relationship and hopes of a trade deal in nearfuture, your and hopes of a trade deal in near future, your thoughts? and hopes of a trade deal in nearfuture, your thoughts? it near future, your thoughts? it is troubling that there isn t one yet set in motion and we have at the moment two nations where their priorities are not necessarily having a transatlantic trade agreement high on the list. if you look at president biden at the moment, he is dealing with enormous domestic backlash when it comes to inflation levels and markets that are dropping. also relatively dramatically in the us. while this is a priority for britain, the kind of thing is we are seeing in terms of lacking confidence around there being a stable domestic economy, and quite frankly we have yet
we want a substantial pay rise that reflects the efforts that our members put in during the pandemic to keep the company going, to get those record profits and also that protects them against the current inflation levels. royal mail says its offer is more than 5%, and that it also needs big changes to working practices as the business moves from letters to parcels. we did do a down payment of 2%. we ve now got 5.5% on the table, but we need the change to pay for that. today s strikes come amid huge structural changes for royal mail. ten years ago, when it was privatised, it was all about letters more than 17 billion handled every year. that s now down to around 7 billion. these days, 60% of its earnings come from parcels. craig mannship s business depends on parcels sent via royal mail.