flanders and claire barrett. we have got stephanie flanders from bloomberg economics on the podcast. hello. hello, hello. and another friend of the podcast, claer barrett, from the financial times. thank you for having me. i m glad you re here, so, interest rates at 3%, stephanie. gives a sense of how that feeds into real lives. in gives a sense of how that feeds into real lives. into real lives. in terms of money that into real lives. in terms of money that is into real lives. in terms of money that is about - into real lives. in terms of money that is about 2 - into real lives. in terms of. money that is about 2 million people in the country who are on a variable rate the biggest since the 80s or 90s depending on who you believe. and for somebody with the average size mortgage, that is going to add nearly £80 a month or £1000 a year, just from today s rise, but of course, that is the eighth rise we have had in succession from the bank of england. there is more pain t
moment in two weeks time. at the moment the government is making a virtue out of being boring and saying nothing given that we have just had a few months of kind of fireworks, but it seems to me, give it a couple of weeks and get to that moment and there are difficult decisions for the government to make and i think politics then sparks up again, and then the fascinating thing is, who do people blame, and particularly when you listen to the bank of england governor today talking about, you know, it is easier to lose confidence than it is to regain it, and talking about, bluntly, what happened under liz truss and kwasi kwarteng, it seems to me much easierfor people to blame the government, fairly or otherwise given what has happened since the summer, than it might have been, had that period not happened and the government had been able to point, as they still will, to the international picture that is obviously still a huge contributor to the situation we are in.
recollection about this event and that is what i have said to the enquiry. we will have to see what they say. enquiry. we will have to see what the sa . . enquiry. we will have to see what the sa. . ., ., they say. dominic lawson wrote in they say. dominic lawson wrote in the sunday they say. dominic lawson wrote in the sunday times they say. dominic lawson wrote in the sunday times as they say. dominic lawson wrote in the sunday times as well - they say. dominic lawson wrote in the sunday times as well that - they say. dominic lawson wrote in the sunday times as well that you | the sunday times as well that you had been told by two officials it was a party and should be cancelled. you were dismissive, he writes, and you said they were overreacting and that martin reynolds was your loyal labrador. is that also untrue? i’ge labrador. is that also untrue? i ve told ou labrador. is that also untrue? i ve told you and labrador. is that also untrue? i ve told you and i labrador.
this, we are putting money into skills. ~ , , skills. the prime minister says he is not worried, skills. the prime minister says he is not worried, he skills. the prime minister says he is not worried, he says skills. the prime minister says he is not worried, he says there - skills. the prime minister says he is not worried, he says there is i skills. the prime minister says he| is not worried, he says there is not a crisis and there is a focus on the longer term, a rebuilding of the british economy focusing on low emigration and higher wages and effectively placing the responsibility, the burden on private sector businesses to adjust low immigration. the big challenge is how long these bumps go on and in the end, who do people blame, companies for not adjusting quickly enough, or the prime minister? chris mason, many thanks. 0ur political correspondent in manchester. an independent inquiry has revealed the staggering scale of sexual abuse by the french catholic church. it sa
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