as you can see here, the rate of inflation in the uk has remained stubbornly high over the last few months adding pressure on the bank of england to raise interest rates again when it meets tomorrow. they re likely to be concerned that core inflation which excludes volatile food and energy prices actually rose hitting 7.1%. that s the highest rate since march 1992. bear in mind, the bank of england s target for inflation is 2% and its been falling in other countries. here s the uk finance ministerjeremy hunt. we don t have the clip at the moment. yael selfin is chief uk economist at the business consultancy kpmg and joins us from london. we heard from jeremy hunt earlier and he said it is a surprise, and it is one of their targets to get inflation down, but it is proving to be harder to do and easier to say. it is proving tricky and there are a number of reasons, one of which is we have a very tight labour market, tighter than in other economies, especially in europe,
about the head of apple tim cook, and the head of fedex, the head of google, these are individuals who will be in attendance at the state dinner, and what it shows is how much us businesses are looking towards india as a place for investment. especially coming off the heels of china and we see the economy in china is slowing down and more recent figures have shown that and this could be a good option for american businesses. the and this could be a good option for american businesses. and this could be a good option for american businesses. the timing in articular american businesses. the timing in particular is american businesses. the timing in particular is crucial american businesses. the timing in particular is crucial as american businesses. the timing in particular is crucial as america - particular is crucial as america tries to wean itself off dependence on china albino antony blinken met the chinese president this week but he said they do not see eye to eye on a lot of
when antony blinken met. india could be a viable alternative. be a viable alternative. that is riuht. be a viable alternative. that is right- this be a viable alternative. that is right. this is be a viable alternative. that is right. this is the be a viable alternative. that is right. this is the first - be a viable alternative. that is right. this is the first state - be a viable alternative. that is. right. this is the first state visit for an indian right. this is the first state visit foran indian prime right. this is the first state visit for an indian prime minister and it highlights how important india has become in geopolitics but also to the us and in particular tojoe biden, that needs a counterbalance to china. but is also listening to the business community that has said already that you need to have some sort of relationship with china, these economies cannot operate in this way, but also hearing from business that they need better ties with india to be able to use