likely see and it could be quite promising, but that north easterly breeze will continue to push in some cloud off the north sea and a few scattered showers come running down to east anglia. cool, 13 or 1a but up to east anglia. cool, 13 or 1a but up to the west 17 or 18 the tip the start of the week and looks a bit more promising, that high pressure continues to build, dry, settled and sunny and there could be more showers, i m afraid, on sunday. thanks, louise. and that s bbc news at ten. there s more analysis of the day s main stories on newsnight with victoria derbyshire, which is just getting under way on bbc two. the news continues here on bbc one, as now it s time to join our colleagues across the nations and regions for the news where you are, but from the ten team it s goodnight. and what does that tell us about the state of the criminaljustice system in england and wales under the party that claims to be the one of law and order? tonight, exclusive figures reveal h
suicidal strategy but in the current situation, because of the shocks that we have experienced, because of the emergency we have experienced, it seems like there has marmeed some sort of implicit agreement on than kind of price over volume strategy which means if all competitors in one market are behaving that way, they are increasing prices even though volumes are going down, they are not at risk of losing market shares in the way they would in normal time, shares in the way they would in normaltime, in shares in the way they would in normal time, in other words we have a situation where competition is not constraining price hikes in the ways in which we would normally expect, which is the reason the governor of the bank of england has been calling on companies to restrain further price hikes. on companies to restrain further price hikes- on companies to restrain further rice hikes. ~ : :, :, , price hikes. 0k, michael saundars, that is true. price hikes. 0k, michael saundars, that
rate setting committee. i asked them why they thought the price of bread was rising so rapidly. price of bread was rising so raidl . :. price of bread was rising so raidl. :, ,:,,:, rapidly. there are probably different factors rapidly. there are probably different factors of - rapidly. there are probably different factors of course l rapidly. there are probably i different factors of course the input prices that the baker would have paid would not necessarily reflect the spot rice prices he would be observing at the moment, but there can be situations and there have been situations where firms manage to increase price, in a situation even when firms, when costs started to fall, in ways that ended up increasing profits. so that might also be the case for bread in the uk. ~ : :, :, , :, the uk. michael saundars do you arree? the uk. michael saundars do you agree? so. the uk. michael saundars do you agree? so. in the uk. michael saundars do you agree? so, in part, the uk. michael
inflation ends up being. i suspect most observers throw would be sceptical that a major cause of excess inflation problem is down to excessive profiteering, if you want to call it that, by businesses. however we should be humble about what we know and don t know, it is by no means impossible some firms have been opportunity notice tickly raising prices though the supermarkets deny they are doing this, inflation is forecast to decline but if headline prices don t come down rapidly while corporate profits remain high make inflation stickier, expect that to strengthen the case the appropriate innocents of the greed resignation thesis. i ve been talking to isabella weber, professor of economics at the university of massachusetts, amherst, and michael saundars, senior policy advisors at oxford economics and former member of the bank of england s