welcome to the programme. there are tentative signs that inflation is coming under control, and the recession forecast last year will be shallower and shorter than expected. butjust to make sure, the central banks are raising the interest rates again. yesterday it was the fed, today the bank of england increased the base rate, half a point, to 4% the highest it has been in m years. we think inflation will come down rapidly, and a lot of that is down to energy prices, which have fallen rapidly. but i m afraid there are big risks out there which mean that it may not happen in that way. yet we re still seeing stronger pressure from price and wage setting in the economy in the question is, will that start to ease off? coinciding with the bank s decision came a profit announcement from shell and a rather blunt illustration of why we re all getting poorer. the oil and gas giant has reaped profits of £40 billion last year. the taxman has reaped far less. shell said it paid $1
weak on crime policies. finally this city, this state, will hear from the victims, their voices will be heard. jim jordan will join us in a minute. we ll go over all the details as republicans fight back against the democrats witch hunts. later, the great one any great one fans? lashing mark levine is here to weigh in on how biden is making the world a more dangerous place. russia, china, iran is filling that void guaranteeing a less safe america, a less safe world. let me tell you what the left wing media, democrats, they want you to talk about today. they have an agenda. before we get into the real monologue, they really should be covering, that they re not covering. the left is crying racism over the expulsion of two tennessee lawmakers after they led a group of protesters through the state capitol with bull horns. let me be clear. at this point it s a nonstory. when they became state legislate tors they agreed to the rules of the house which clearly state, quote, membe
war that s proved to be a big winner at the baftas. some breaking news for you at this hour: north korea has been accused of firing ballistic missiles into the sea of japan just a day after the us and south korea held a drill in response to a similar launch. north korea said that test was designed to show it was able to fire nuclear capable missiles at short notice in response to threats. chad o carroll works for the korea risk group and joins me now. thank you forjoining us on the programme. just to get your thoughts on how significant this action is from today and yesterday. this action is from today and yesterday- this action is from today and esterda . ., . ., , yesterday. nothing particularly si . nificant yesterday. nothing particularly significant if yesterday. nothing particularly significant if you yesterday. nothing particularly significant if you zoom - yesterday. nothing particularly significant if you zoom out - yesterday. nothing particularly significant i
live from our studio in singapore, this is bbc news. it s newsday. north korea has been accused of firing ballistic missiles into the sea of japan just a day after the us and south korea held a drill in response to a similar launch. north korea said that test was designed to show it was able to fire nuclear capable missiles at short notice in response to threats. chad o carroll works for the korea risk group and told me more. north korea has shown the capability to launch macro in short range tactical missiles over several years successfully. i think the key new thing here is the fact that the north koreans were making clear they could launch this icbm on saturday with a 9 hour window and they responded very quickly today to the us and south korean our drills last night with these tactical tests and i think the message basically is that for all the forthcoming us south korean exercises, there is going to be a very significant north korean military demonstration in response.