head of investment at interactive investor. what is going wrong? we are clearly saying that the consumer is slowing down. we are entering the golden quarter when typically we see a boost to spending in the run up to christmas, so perhaps a lot of consumers are hunkering down, saving ahead of that expensive period in the run up to december. haw ahead of that expensive period in the run-up to december. how much was it about the weather? the run-up to december. how much was it about the weather? the the run-up to december. how much was it about the weather? the wet it about the weather? the wet weather in it about the weather? the wet weather in the it about the weather? the wet weather in the second - it about the weather? the wet weather in the second half- it about the weather? the wet weather in the second half of. it about the weather? the wet i weather in the second half of the month did affect footfall, but still retail sales were down by now .3%, which is the m
hello and a very warm welcome to bbc news, i mark lowen live from southern israel overlooking gaza, where the united nations says a lack of fuel means aid cannot be brought into the gaza strip from egypt. the relief agency for palestinian says they are almost begging for fuel and should never have been put into that situation. the un says an urgent shipment of fuel is needed, as is the resumption of the telecommunications network. also in gaza, the israeli military raided the strip s largest hospital al shifa this week, but prime minister benjamin netanyahu told cbs news there was no gunfight at the hospital because hamas leaders had left shortly before the israeli army had arrived. israel says there is a hamas command centre at the site, but hasn t yet provided conclusive evidence. mr netanyahu also said hostages could have been moved from the hospital. violence, too, in the occupied west bank, the other part of the palestinian territories not controlled by hamas. the israel
major incidents have been declared on the isle of wight and in hampshire. hundreds of schools are closed in southern england in some areas people are being urged to stay indoors. the latest from the south coast in a moment, but first graham satchell on the situation injersey. storm ciaran hit the channel islands with a bang, thunder and lightning and massive hailstones. the power of the storm, remarkable. winds reached more than 100 miles an hour, ripping rooves from buildings. this terrifying moment was caught on a baby monitor. the woman grabs her baby and makes her escape. the emergency services injersey said they responded to hundreds of calls overnight. they worked through horrendous conditions to clear roads and rescue people. there s been a lot of structural damage, a lot of roofs and chimneys down, trees down obviously, a lot of roads are blocked, there is a lot of debris on the roads. at first light, people ventured out to assess the damage. there are trees down al
no big surprise there, rates on hold but what does the bank of england thing happens next because it always got its eye on the future, hasn t it? yes, you are right. we saw this second hold in a row and i think what the expectation is going forward is that we will see interest rates higherfor longer. the chief economist at the bank of england has thought about this table mountain theory where interest rates go up and they are expected to raise at this elevated level for some time before we eventually see cuts, perhaps around august of next year, even a bit later. inflation is still really high, it still at 6.7%. of course, interest rates work with a lag so a lot of the hikes that we have already seen are yet to be priced in and filtering through into the economy. if there is still going to be kate king hold in the economy in the months ahead, inflation is going to come down but not down to that target it estimated until 25. that is inflation and interest rates, talk to me abo
pre tax profits ringed in at $7.7 billion in the third quarter. now, this is all driven by rising global interest rates feeding into their balance sheets. but there have been questions before that these high rates were not being passed on to savers. joining me now is the independent banking analyst, frances coppola. nice to see you, doing rather well. i imagine those paying higher mortgage rates and everything it is a bitter pill. tell us more about the numbers? it is yet tell us more about the numbers? it is yet more tell us more about the numbers? it is yet more profits from their very healthily inaudible it has shrunk ever so slightly in this quarter but it is still way above where it was last year and that does reflect the fact that they have passed on interest rates to lenders much more quickly than they have to savers, which i think some people might get quite cross about. ~ . ., , , about. wanted we are seeing, is we are seeing about. wanted we are seeing, is we are