a breach of the minesterial code. tonight with the context, the spectator s deputy political editor katy balls and the republican strategist doug heye. hello, welcome to the programme. we have lived through an era of record low interest rates. for years, it was cheap to borrow, while the money put away in savings accounts earned us very little in return. but things are changing. today, the us federal reserve set out an increasingly aggressive approach to monetary policy as it confronts the highest inflation in the united states forfour decades. in the last hour, it raised interest rates by 0.75% which is the biggest jump in rates since 1994. and that has implications for all of us. here s the chair of the federal reserve, jerome powell. the current picture it s plain to see. the labour market is extremely tight, and inflation is much too high. against this backdrop, today the federal open market committee raised its interest rate by 0.75% in anticipation of ongoing increases
make of the timing? it doesn t make things better. it make of the timing? it doesn t make things better. it is make of the timing? it doesn t make things better. it is clearly make of the timing? it doesn t make things better. it is clearly tricky - things better. it is clearly tricky news for boris johnson. things better. it is clearly tricky news for borisjohnson. i think there are a few ways you can look at it in terms of timing. this is the second ethics adviser borisjohnson has lost since entering number ten. i think that is a much faster track record, if we were to compare with his predecessors. and i think it is interesting that number ten is saying they are surprised about this, because to most of us there have been quite a few indicators that lord geidt has not been entirely happy. if you look at the comments he made, it wasn t the first time he had read the issue of further a fixed penalty notice would amount to breaching what you would expect for a prime minister, and