and us regulators were informed of and us regulators were informed of an international stately drive to manipulate interest rates in the 2008 financial crisis but they cover it up. this morning the times newspaper on the bbc have published quotes from a secretive interview with barclays treasurer who gave evidence. artificially push down benchmark interest rates. that evidence was withheld from parliament and from jurors in the criminal trials of traders for manipulating interest rates. regulators, though, say they have met their disclosure obligations. what is going on, economics correspondent andy verity led the investigation and told me about the significance of holding them at lowering those rates. when you hear about interest rates whether on your mortgage or your personal loan actually they are not based on those central bank interest rate that is business hacks obsess about. they are actually based on how much it cost banks to borrow cash and international money market
as it continues to benefit from pent up demand for air travel. europe s largest carrier by passenger numbers also said it expects profits to rise modestly over the next year, and the summer travel season will be busy. the figures are better than industry watchers had expected. we knew they were going to be good but to record these numbers is exceptional so nearly 170 million passengers, that s up 74% on the previous year s. revenue has more than doubled, profit is 1.4 billion, and they re going to pay dividend this year. it s a phenomenal result and shows how quickly this market is turned around. it also shows how fragile the market is for aviation. there is a point where it suddenly flips you become very profitable, ryanair have put in a great set of results that even before the summer, which will be very strong. cheap airfares are a myth and anybody looking for summer holidays will tell you airfares are expensive, particularly in europe because we have not seen a lot of cap
believed there was a danger to his life. he said much more working with the danger to pakistani democracy. we will have more from pakistan on that last headline in just a we will have more from pakistan on that last headline injust a moment but let s head to the bbc sport centre and ran at the spot the day. olly foster is therefore is. come over to you. many thanks. matt cavendish says he has lived an absolute dream for over 25 doctor mark cavendish says he s has lived an absolute dream for over 25 years as a professioinal cyclist. he is going to retire at the end of the season he is currently competing in the giro d italia, but it s a rest day and he made his announcement earlier today. he s won a world championship on the road and two on the track..and has also been commonwelath cahmpion. but he s most famous for his tour de france stage wins. he shares the record of 3a with eddie merckx. here s bbc sports drew savage the bike has given me opportunities to see the world, me
To help Homeless People living on the streets. Good morning. Welcome to bbc Newsroom Live. A father who refused to pay a fine after taking his daughter out of school for an unauthorised holiday has lost his case at the Supreme Court. Jon platt, whos from the isle of wight, had argued that all the law required of him was to ensure that his child attended school regularly. The high court had originally ruled that the holiday did not constitute regular absenteeism but this morning the Supreme Court has overturned thatjudgement. This is how lady hale announced the ruling. Unauthorised absences have a disruptive effect. Not only on the education of the individual child, but also on the work of other pupils and of their teachers. If one pupil can be taken out whenever it suits the parent, then so can others. Different pupils might be taken out at different times, multiplying the disruptive effect. Any educational system expects people to keep the rules. Not to do so is unfair to those obedie
There are calls for an enquiry into whether parliament was misled. That is shocking. We need an immediate enquiry to look into exactly who knew what when. Last week, two Barclays Bankers walked free from court. How are you feeling . Delighted. But what about the bankers accused of conspiring with them whove been jailed . Barclays just threw us to the wolves. They get off with their fine while we rot in jail. We ask, should they have been prosecuted 7 you know, its my opinion that if this was available last year, the result might have been very different. How are you feeling . Delighted. Last week, two former Barclays Traders, ryan reich and Stylianos Contogoulas, walked free from court, cleared of Conspiracy To Defraud by rigging Interest Rates. It was the end of a long battle to clear their names. Im very happy obviously. This has been 5. 5 years of my life and ijust want to go back to my family. Thats it. Thank you very much. Thank you. Sometimes i look at it and i think im in a bad