First a Welcome Development here in the uk. Inflation fell sharply to 6. 8 injuly, from 7. 9 injune. But it still means prices continue to rise. Prime minister rishi sunak says it shows his governments plan is working, but he cautioned against complacency. The drop was fueled by lower energy costs. But Core Inflation which looks at price rises excluding food and energy remained unchanged. According to the office of national statistics, the rising costs of hotels, air travel, and rents are in Part Keeping Inflation high. Economists are still expecting Interest Rates the tool used by the Bank Of England to control price rises to be raised further. The bbc s economics editor faisal islam has more. The heat may be coming out of rising prices at supermarkets and convenience shops, and that can be seen, for example, in milk prices on the shelves of this shop in walsall. Overall they are still rising, butjust by less than they were. This area was, originally, about two months ago, all a pound
council spokespersonjohn kirby. we believe that the attack injordan was a planned resource facilitated by in umbrella group called the islamic resistance of iraq, by an umbrella group called the islamic resistance of iraq, which contains multiple groups including the kateib hezbollah. former uk defence secretary ben wallace spoke to the bbc. kateib says it has suspended forces to to embarrassment. us presidentjoe biden said he has decided how to return to the attack, in a manner of our choosing. iran warned it would retaliate against any attack on what it called its interest. what we make of all this? mary anne marsh is still with us. and philip rycroft. philip, we ve got this morning that the us will not hesitate to strike. at the same time, walking really fine line between making sure the tensions in the middle east do not escalate into a wider conflict, particularly when it comes to iran and the groups that it comes to iran and the groups that it controls throughout that
interest payments some of which are linked to inflation. let s get this in perspective though the uk s national debt is at record levels. it owes £2.69 trillion. that is almost the size of the uk economy the so called debt to gdp ratio is around 97.7%. that is a useful guide to how affordable the debt is for a country. the chancellor has pledged to get that ratio down. the uk s far better off than some of its neighbours though italy s debt to gdp is around 140%. but if we look at germany s that s is only around 65%. but if we look at germany s that s only around 65%. staying in the uk where aside from talk of potential tax cuts there are stark warnings that 2 million people could have their gas and electricity cut off this winter because they can t afford to top up their prepayment meter. that comes from the charity the citizens advice bureau as cost of living pressure continue to bite for many. joining me now is the report author alex belsham harris en
revealed that it had been told that the cabinet office did not have access to some of the material it was being asked to provide. i will been told by the cabinet office they have been engaging with boris johnson about some of this material including today. borisjohnson spokesperson said this evening that more material has been headed over from borisjohnson to the cabinet office and that borisjohnson is now urging the cabinet office to hang that over to the inquiry. in short, i understand that there is some new material that the cabinet office has been given by borisjohnson this afternoon and that they now understand that all the material requested from them has been handed over to the cabinet office. i am still waiting to hear from the cabinet office if they now have all the material they had been engaging with boris johnson the material they had been engaging with borisjohnson over and whether they have all of the material the inquiry has requested of them. that being said,