prices will stay high for longer. and we take a look at the biggest deal in golf, ahead of a us senate hearing into the pga liv merger. welcome to world business report. let s start here in the uk where the government is facing another big setback in its battle against inflation. new data show that average wages have risen at a record annual pace of 7.3% in the march to may period, compared with the same period last year. british headline inflation is running at 8.7%, staying higher for longer than many had forecast. and there are concerns that after 13 consecutive interest rate rises, that the bank of england could need to raise it even further to bring price rises under control. let s hear now from janet mui, head of market analysis at rbc brewin dolphin. thank you for being with us. inflation has not been coming down at the expected pace. what does this data signal about how things could pan out? good afternoon. thank you for having me. which group is still pretty strong,
with a third missing more than a month of teaching, according to a new report. housing charity shelter blamed what it described as total inaction from the government for the numbers of young people in traumatic living arrangements. the government says it increased local housing allowance significantly during the pandemic, and is delivering more affordable homes. here s our social affairs correspondent, michael buchanan. it s barely 6:30am, and isaiah is heading to his childminder. ..while his brother coby begins the journey to school. single mum lily is heading to work as a nurse, hence the early start. we used to walk to school every single day from our old house. but that all changed when they were made homeless in september, after the landlord sold the property. now the commute can take up to 45 minutes. if i could get us housed near his school, that s my main goal. this is where they re currently living, all three sharing a one bed flat. it s temporary accommodation.
unless the government steps in to help as energy prices continue to rise. the metro issues the same warning last orders for pubs is its headline. as the country awaits the winner of the conservative leadership contest, the i says the frontrunner liz truss won t reveal her cost of living plan until she becomes prime minister. the express writes of one economist who backs truss s tax cut plan as the only way to rescue the uk economy. the telegraph writes that statins don t cause aches and pains for patients it s because they re getting older. the ft pictures disappointed spectators as nasa calls off the launch of its new moon rocket following engine problems. we began with the i. yasmin, is that fair that we should have to wait? i yasmin, is that fair that we should have to wait? yasmin, is that fair that we should have to wait? , , , ., , ., have to wait? i suppose she wants to kee her have to wait? i suppose she wants to keep her competitor have to wait? i suppose sh
to take a legal challenge. global energy demand, that s for all forms of energy, will rise by 23% between now and 2045. that s according to the 0pec secretary general speaking to a nigerian oil and gas conference. 0il executives have been making the case for continued investment in oil as part of a wider energy mix. just last week, the shell boss wael sawan strongly defended his company s continued investment in oil to secure energy supply into the future. that is it for now, until next time, goodbye. you can keep in touch with me on twitter. i m chris parks, and it is my wedding day. i m getting married and the skydive. i love it though, i used to- i rn the skydive. i love it though, i used to i m getting married i m going to skydive, no pressure. i served in afghanistan, and i m going to skydive, no pressure. i served in afghanistan, and