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Transcripts For BBCNEWS The Papers 20240707

finally, the sun leads with model kelly brook s engagement to her now fiance, jeremy parisi. we will not trouble you with the jeremy parisi, kelly brooks, story i think, for now. kevin, if we can, let s begin with the ft any rather ominous warning from the oecd that our growth is going to be pretty pathetic next year. our growth is going to be pretty pathetic next year. yeah, that s a re fair pathetic next year. yeah, that s a pretty fair summary, pathetic next year. yeah, that s a pretty fair summary, i pathetic next year. yeah, that s a pretty fair summary, i think. - pathetic next year. yeah, that s a i pretty fair summary, i think. yeah, out of the 620 countries, the only one worse than the uk on growth is russia, and i think it is safe to say there are some extenuating circumstances there, the sanctions the rest of the world has imposed on russia which might explain their economic troubles, but the oecd will see zero economic growth in the uk, complete stagnation, i

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Transcripts For BBCNEWS BBC News 20240707

petrol spent on heating bills, fuel bills, petrol bills and so on, this leaves less money petrol bills and so on, this leaves less money to go around ever else. and that less money to go around ever else. and that is less money to go around ever else. and that is the point, isn t it, kevin? it takes us back to the point earlier about stagflation. why is it is so damaging is the effect of the inflation causes people to stop spending on other things, partly because the things they have to spend on our costing more, but also partly because they are fearing for the future, so that makes them less likely to risk big investments and all the rest of it. that has an impact on the other bits of the economy, so while the inflation continues to go up, even though in normal circumstances it ought to stop going up, because the demand is not quite as mad, actually, it has carried on going up in economy meanwhile is tanking under it, because people are not spending. is a pretty viciou

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