Long term decisions for a brighter future, or short term jockeying for advantage . Rishi sunak sets out his stall for the coming election. The northern leg of h52 is cancelled. The Prime Minister insists that every penny of the £36 billion intended for that rail link will be spent on other projects. There were a raft of other announcements too, sold like this. Politics doesnt work the way it should. Weve had 30 years of a political system which incentivises the easy decision, not the right one. 30 years of vested interests standing in the way of change. 30 years of rhetorical ambition, which achieves little more than a short term headline. Weve gathered politicians to weigh up whether the reformist pitch is credible for a party already in government. Could it even be an election winner . And speaking of 30 years ago. Things can only get better now ive found you. With so many Big Government schemes especially in education and health reliant on private finance deals, we reveal the soari
been slated for a couple of days and their timetable has been fairly strict throughout this, but there is plenty of room for manoeuvre. they don t normally sit on a friday but i think they are expecting to speak to him. not that many people behind me today, but we have seen over the past four weeks, we have seen protesters, plenty of media, so we can expect all of that tomorrow as well, but his testimony crucially important, and he has received plenty of criticism from civil servants, advisers, scientific advisers, to name but a few, who said he showed nuclear levels of confidence in dealing with the crisis and he will certainly want to face some of that criticism down. but interesting, yesterday, we had from michael gove, the chancellor of the duchy of is that, that brilliant name in british politics, which basically means he was in charge of the cabinet office, and he was pretty defensive of matt hancock, who he said showed wisdom and foresight in many of the decisions he h
of england andrew bailey dismissed any hopes of an interest rate cut in the near term. speaking at a conference hosted by the central bank of ireland in dublin earlier today, bailey said that it s too early to talk about a rate cut, given the continued risk of inflation. also today the international monetary fund warned that rapid wage growth in the eurozone will also keep inflation higher for longer. the imf urged the european central bank to hold interest rates at or near record highs through next year to keep a lid on price pressures. here s one economist we spoke to earlier. i think the imf is very much in tune with what the european central bank has been saying, which is that although the headline inflation rate has come down a lot, the labour market is still strong, wage growth has been quite strong. and it s going to be a very difficult and slow process to squeeze out that last bit of inflation from the system. so, i mean, we re thinking interest rates are likely to