than expected injune at 7.9%, thanks to falling petrol prices. it could fall below 7% soon due to falls in domestic energy bills. producer price inflation, a measure of raw materials prices, actually turned negative because of a fall in global oil prices. the area around southampton water perhaps the best place to see the inflation that s been flowing into the uk from around the world. now that s on the decline, but it still remains higher than in other similar countries. inflation should be falling more sharply, and that s because the raw materials coming from around the world to a place like this, whether it s crude oil going into that refinery, grain going up to the port, or the container ships full of goods going up to the port, those prices have been falling. they ve not all been passed on to consumers, and the bank of england and the government have started to point towards a rebuilding of profit margins by companies as a majorfactor. motoring organisations say petrol
without effective action and leadership by both china and leadership by both china and the united states. could we expect any progress out of the could we expect any progress out of the talks? could we expect any progress out of the talks? absolutely there are precedents in 2018, and the us paved the way to the paris agreement. you need the two biggest economies in the world to agree on the way forward in order to everyone else to leverage off that. there is an opportunity. methane emissions will be the centrepiece of these talks. there is absolutely opportunities and the two largest methane emission countries in the world to make promises. a majorfactor in shoring global bonding. fine shoring global bonding. one area where shoring global bonding. one area where the shoring global bonding. one area where the us shoring global bonding. one area where the us and china cannot see are too i, is a semiconductor chips. the biden administration is being urged
and the united states. can we expect any progress being made, coming out of these talks? yes, absolutely there s historical precedence in 2014, a joined announcement between the us and china on climate change really in many ways paved the way to the paris agreement. you need the two biggest economies in the world to agree on a way forward in order for everyone else to leverage off that. there is absolutely that opportunity. methane emissions will be a centrepiece of these talks. there is absolutely opportunities in the two largest methane emitting countries in the world to make progress on this short lived greenhouse gas, which is a majorfactor in short term global bonding.
off? ~ . off at 396 yet we are a long way off? ~ . , off at 396 yet we are a long way off? . off? we are. there is obviously some differences, off? we are. there is obviously some differences, where - off? we are. there is obviously some differences, where the i off? we are. there is obviously| some differences, where the uk and us have faced different challenges, uk more exposed to european energy prices, then the us, therefore that has been a majorfactor, no doubting the fact here in the uk we are seeing far more stubborn levels. we should expect to see that come down over the next few months, we would be looking at a different in three months time than what we are now, the difficulty people will have listening to this, they will feel like we have been told that all gay because inflation has been stubborn, we re not seeing the levels of drops would otherwise have seen. if anything that you data gives me reassurance, that while every country is facing its own unique challenges, we a
the home office has hit back. in a strongly worded statement it says it s not compassionate to allow people to die in the channel and it says the system cannot be allowed to continue where people are incentivised to make illegal and dangerous crossings to the uk. instead, officials here will seek to remove people to their home country or other countries that are considered by the home office to be safe. it insists it takes its international obligations seriously. our approach is working. for the first time, crossings are down by 20%. the prime minister says his tough policies to try to stop the boats are beginning to produce results, but critics point out the weather has been a majorfactor and the real test will be during the summer months when calm conditions mean crossings tend to rise considerably.