people move back to the city centres but it is quite challenging if you are running a business in central london, for example, rent and rates are higher. for example, rent and rates are hiaher. . .,, for example, rent and rates are hiaher. . ., higher. and the cost of living has pushed higher. and the cost of living has pushed up higher. and the cost of living has pushed up the higher. and the cost of living has pushed up the price i higher. and the cost of living has pushed up the price of. higher. and the cost of living | has pushed up the price of the average sandwich and i have seen anecdotally people bringing their food a seen anecdotally people bringing theirfood a bit more to save money. you are competing with other types of lunches like suits and things so how do you get ahead of the game? so how do you get ahead of the name? ~ . , so how do you get ahead of the name? ~ ., , ,., game? what we find is some eo - le game? what we find is some people do game? what we fi
failure to reach an agreement could have global implications. fitch one of the major credit rating agencies warned of a potential downgrade to the us credit rating if a deal isn t done. the us treasury department seized on this, saying it underscored the need for swift bipartisan action. the biggest sticking point remains spending if they don t cut enough, they won t win over republicans. but if they do too much, they ll lose some democrats who say they don t want to see cuts to social programmes that help the neediest americans. meanwhile, many lawmakers left washington for the long holiday weekend while the talks continue. dory wiley is president and ceo of the investment banking firm commerce street holdings based in dallas, texas. thank you forjoining us. lots has been happening even in the time we ve been on air.
representing annual sales of around £8 billion. the sandwich market was hit hard by the pandemic and the rise of working from home but it has recovered most of that ground. let s speak tojim winship, director of the british sandwich & food to go association, which organises british sandwich week. thank you forjoining us. talking about inflation and the effect of food, things like bread, cheese, butter has all gone up quite significantly during the cost of living crisis, higherthan during the cost of living crisis, higher than inflation. has that impacted demand? its. yes, it impacts demand to some degree but i think people want to have sandwiches and they will go out and find some, regardless of that. but it has been tough for the last few years because covid hit our industry badly and then we have had inflation and shortages of
live from london, this is bbc news. there will be no default president biden hails productive talks on raising america s debt limit, with just days before the government begins to run out of cash. also coming up, state of the unions britain reels from its biggest year of strikes in a generation. has the cost of living crisis changed uk labour relations forever? plus, inflation or greedflation ? the boss of supermarket giant sainsbury s says they re not profiteering from soaring food prices, but battling to keep costs down. hello. welcome to the
is that workers like this receive much greater backing from the public, much more than westminster is used to, and that may change the face of industrial relations well beyond the cost of living crisis. when you are ready, sir, overthere. this front line of union activity is expanding, even in companies such as retail giant amazon, which has a history of warning employees against union activity, as seen in this 2018 us training video. the most obvious signs would include use of words associated with unions like living wage or steward . strike, strike, strike! and now in coventry the gmb union says they are on the point of forcing recognition for the first time in the uk. after a slow start the government has tried to negotiate pay deals, inflation is now falling, but the shadow of this year of industrial action may linger for some time. faisal islam, bbc news.