we start here in the uk where investors are now betting the cost of borrowing will have to keep rising because inflation remains stubbornly high. that s despite a pledge by the government to bring it down, and a barrage of interest rate rises by the bank of england attempting to get it under control. just a few weeks ago, we were assuming that after 11 increases in a row, the bank would not have to raise rates much further. but on wednesday, there was a major rethink on financial markets, which are now pricing in three more rises this year, with rates hitting 5%. here s why. prices in the uk are still rising much too fast, with inflation at 10.1% in the year to march. that s a bit less than the 10.4% recorded in in february, but was still much higher than expected. economists were predicting inflation would fall into single figures. one of the biggest factors the soaring cost of food and drink. it s up over 19% in the past year. it s the fastest rise in 45 years accordi
Good morning, welcome to breakfast with nina warhurst and charlie stayt. our headlines today. not fit for purpose calls for major changes to prevent the abuse of disabled children in residential care. medical leaders urge the government and junior doctors to bring in an independent organisation to broker a deal in their pay dispute. please just ring us. that s the plea from one of britain s biggest banks, as we go behind the scenes to see the help on hand if you can no longer afford everyday essentials. manchester city will face real madrid again in the champions league semi finals, after they finished the job against bayern munich to progress, as they look to lift the trophy for the first time. we ll be joined by status quo frontman francis rossi as he swaps stadiums for small venues and an acoustic guitar to tell the story of his life.
Transcripts for BBCNEWS Breakfast 20240604 05:00:15 archive.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from archive.org Daily Mail and Mail on Sunday newspapers.