globally, it won t do very much. nevertheless, there is an argument for. we see very weak economic growth actually, so pressing the accelerator has not worked. we have not had the growth that we have had in previous decades. it also causes other destructions in the economy. if you have cheap credit, it pumps up if you have cheap credit, it pumps up as it prices, and that is why you have the unaffordability for young people of houses getting worse and worse. it also redistributes wealth upwards when you pump up asset prices, to those who do. site attempts to support this economy through superlow interest rates in recent years. brute through superlow interest rates in recent years - recent years. we will have the u date recent years. we will have the update the taiwan s defence ministry says china has fired multiple ballistic missiles during a set of military exercises in the air and sea encircling taiwan. beijing launched the drills in response to a visit
as europe faces a very challenging winter ahead. that s alongside a projected interest rate hike later in britain for the sixth time in a row. fears of an extreme drought across europe grow as the severe heatwave tightens its grip. hello and welcome if you re watching in the uk or around the world. taiwan s defence ministry says china has fired multiple ballistic missiles during a set of military exercises in the air and sea encircling taiwan. beijing launched the drills in response to a visit by nancy pelosi the most senior us official to go to the self governed island in 25 years. the exercises are taking place in some of the world s busiest waterways.