we are going to focus on the top business stories. we start with a developing story we brought you this time yesterday because the european car industry is calling for a delay to tougher post brexit trade rules due to come in from january saying the supply chain is not ready. europe s car makers source many of the batteries for electric cars from asia which would see them fall foul of rules of origin regulations that specify how much of a car must be eu produced. it comes amid growing concern about the future of car manufacturing here in the uk where there is currently only one factory making batteries. stellantis owner of vauxhall as well as brands including fiat, citroen and peugeot has warned it may have to close uk factories if the government does not renegotiate the brexit deal. our economics editor faisal islam has more. earlier this week, a strong message from one of the world s biggest car makers to renegotiate details of the brexit deal, as their elec
if you have just joined if you havejustjoined us it is time for the top business stories. we start here in the uk where in the next few hours the bank of england is widely expected to raise the cost of borrowing for the twelfth time in a row. the quarter percent rise most economists are predicting would take the bank s main interest rate to 4.5% the highest it has been in almost 15 years. the big question though will it be enough to start to get inflation, which is still running at more than 10% a year, under control? let s speak to katharine neiss she has held various roles at the bank of england and is now chief european economist at p gim fixed income. good to have you on the programme. iassume good to have you on the programme. i assume you are with the majority believe we are looking at a rate hike today of another 25 basis points. today of another 25 basis oints. . , today of another 25 basis oints. . , ., , points. that s right, that s the consensus p
tonight at ten all the major car manufacturers in the uk are understood to have raised concerns about the brexit trade deal. vauxhall has already gone public, saying the future of its british factories is in doubt unless the trade deal is changed. the focus is on batteries for electric vehicles the uk needs to produce more to satisfy eu trading rules and experts say we re way behind. uk hasa uk has a very simple decision to make, either it supports the future of vehicle manufacturing in the uk or it decides it s not in vehicle manufacturing long term and it loses those 800,000 jobs associated with the industry. we ll have the latest on the fears for the future of the car industry and the government s response. also tonight a car chase in new york. harry and meghan say that lives were put at risk as they were chased by paparazzi. a cab driver was with them for part of the journey. they looked nervous, ithink they looked nervous, i think they were they looked nervous, i t
Supporting the people of Northern Ireland, protecting the peace, preserving the belfast good friday agreement is a priority. Its regarded as the day that helped and decades of violence here during the 1970s, 80s and 90s. Reactions to it being signed were largely positive. For the generation to come, it will be fantastic, one of the greatest things in our history, anyway. Some were not convinced. I dont think we will ever see peace. Itll take something different. I have come to dromore, a town in county down, roughly 20 minutes outside of belfast, and is home to around 6000 people. Its also where i grew up and went to school. I was born in 1998, the year the good friday agreement was signed here in Northern Ireland. It means i grew up after the troubles ended and didnt have to worry as much as maybe my parents did, for example, about getting caught up in the conflict happening here. Me and others like me born after it was signed are known as peace babies and im keen to find out where