We start here in the uk, where figures out earlier show the uk economy grew by 0. 2 between april and june following a rebound from an extra bank holiday for the kings coronation. Growth injune alone was stronger than expected at 0. 5 . High inflation remains a problem. The Bank Of England has raised the cost of borrowing 1a times since the end of 2021 to try and rein in soaring prices. So where is the Economy Heading . Were nowjoined by victoria scholar, who is the head of investment at interactive investor. Lovely for tojoin us lovely for to join us here on the programme. Not. 2 . Essentially, thatis programme. Not. 2 . Essentially, that is stagnation, isnt it . Actually, these figures are a bit better than analysts were expecting, both in the Second Quarter and in june we saw particular strength in the construction. Injune we saw a bounce back in manufacturing, publishing, so things like books and magazines also fare pretty well, and car sales have been benefiting from the fact the
The airports are simply covered with a water. So the water has got to pass and recede before they can hope to land there in fixed wings. We did hear from emergency relief officials in the bahamas a short time ago they are doing some boat rescues. The u. S. Coast guard and british navy and they have been able to land some helicopters there. We have learned of some fatalities, that number could go up and they are able to reach more areas. As the storm moves closer it has been this excruciating waiting game because the speed of this storm has been really historically slow. You can walk faster than this storm is moving were told. But the idea we just have no idea of what the bahamas are going to look like once the storm passes and its so scary to think of those water rescues happening right now. Were also learning new details from Southern California where 34 people are feared dead from this inferno onboard a dive boat. All five crew members made it out alive, and now there are questions a
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