at verisk maplecroft. if erdogan continues down this path of policy that he has embarked upon, do you think turkey will be defaulting on its debts any time soon? thank ou. its debts any time soon? thank yom yes. its debts any time soon? thank you. yes, well, its debts any time soon? thank you. yes, well, the its debts any time soon? thank you. yes, well, the turkish - you. yes, well, the turkish lira partly as a result of economic policies under the current turkish government has lost about 80% of its value over the past five years. and in the lead up to the election, one of the ways in which the central bank was holding it off was drawing on its foreign exchange and gold reserves. although that props up the lira it is not necessarily sustainable in the long term and if turkey is no longer able to finance imports or to service its external debt it could end up default. there are corrective actions the turkish government can take to try and hold off that risk but we have
secretaryjustine greening, sir malcom rifkind, who served as foreign and defence secretary in the thatcher and major governments, and catherine haddon from the institute for government. hello, welcome to the programme. after one of the driest summers on record, the notoriously fickle british weather turned of course it did just at the very moment liz truss arrived in downing street this afternoon. and as the heavens opened, drenching the loyal conservative members who had gathered to greet her, the sketch writers might have been tempted to draw analogies with the deluge of issues, that are now piling up on the new prime ministers desk. not that she seemed fazed by the challenge ahead. this is a storm we can ride out, she said, to become the modern brilliant britain i know we can be. i m honoured to take on this responsibility at a vital time in our country. what makes the united kingdom great is our fundamental belief in freedom in enterprise and in fair play. our people
and the transfer of medication and the visit of the international red cross will then visit everyone, and they ve denied that they knew about that. they will, yes. it has been agreed and i expect the red cross to do its job and to visit them all and bring them the medication that they need. among the 50 hostages held by hamas who could be freed shiri bibas and her two young sons, ariel, who s four and kfir, who isjust nine months. shiri s cousin yiffat has been speaking to the bbc about their potential release. i don t know what kind of children will come back to us. the trauma, what they saw. and. until i see them in my own eyes, i don t believe any lists of names and i don t believe any news coming today from anywhere. i need to see them in my own eyes, i need to hold my cousin in my arms. the deal between israel and hamas does provide for an extension. the four day pause could be extended by an extra day, for every ten additional hostages that hamas releases. the deal wa
inflation, albeit it has peaked now and it looks going forward as though energy prices are going down so we will see the cost of food hopefully rising less fast and potentially levelling out quite soon. that is exactly levelling out quite soon. that is exactly it- levelling out quite soon. that is exactly it. still levelling out quite soon. that is exactly it. still rising - levelling out quite soon. that is exactly it. still rising but not necessarily as fast. thank you very much for being with us on your bank holiday. in a number countries around the world, today is a public holiday. it s memorial day in the us and whit monday in many european countries. in the uk, we ve had an extra public holiday this year for the coronation of king charles. but do public holidays have an impact on economic growth? the number of hours uk employees work is 11% higher than in germany, and currently nine of the top ten most productive 0ecd countries are in continental europe a bloc with more p