we start today with the problem staring at us every time we go to the shops and look at our bank balance: the cost of living crisis. today we ll get the latest estimate of inflation here in the uk for the month of may. we ll go back to april to set the scene: inflation that month was running at 9%, the highest rate here in the uk for a0 years. looking into the future, the bank of england has warned inflation might exceed 11% later this year as the prices of fuel and food put pressure on household budgets. the response by the bank of england has been to raise the cost of borrowing. rates have recently been increased from 1% to 1.25%, the fifth consecutive rise, pushing them to the highest level in 13 years. our business correspondent, emma simpson, has been speaking to the chairman of the supermarket chain asda, lord stuart rose he told her that his customers have been cutting back on their shopping. if you haven t got the money, i cannot eat. iii if you haven t got the mon
Cities from pollution. And coming up in the sport on bbc news Afterfacing Criticism over its make up, the fa table a series of proposals to boost diversity at board level. Good evening and welcome to the bbc news at 6. There are concerns about the future of around 4,500 people who work at Vauxhall Plants in the uk after the business was bought by a french car company. Psa which already owns peugeot and citroen has agreed a deal to buy vauxhall in britain and 0pel in germany forjust under £2 billion. Vauxhall has two factories in luton and Ellesmere Port. Unions say the fight begins now to try to safeguard jobs. Heres our industry correspondentjohn moylan. Vauxhalls vast Vehicle Plant at luton, for decades a cornerstone of gms european operations. But soon what happens here will be decided in france. Creating uncertainty for thousands of workers. Weve all been worried, of course. Were all going to be worried because weve all got families. I myself have been here nearly 30 years. Disbel
times for russia. in the ukrainian capital, one person was killed after drone strikes there the fourth time in the last three days. we ll be live in moscow and kyiv. also on the programme: trying to curb the use of vapes by children ministers say they ll close the loophole that allows retailers in england to give free samples to under 18s. the supermarket chain asda expands, buying hundreds more petrol stations. we ll ask what it means for customers. and the aston martin bulldog supercar, lost for decades, is being restored to see whether it can do 200mph. and coming up on bbc news, the future of london irish hangs in the balance as they look to complete a takeover by an american consortium
all our competitors have a convenience offer, asda hadn t got a convenience offer. we are now going to be in the convenience business, so we ll be a complete retailer. consumers who now then go to eg garages over time will get asda prices for petrol, and that ll be lower, so that s good. and in terms of pricing across the piece, we will run a more efficient business. now, the cost of food is centrestage at the minute. today we got new data from the british retail consortium, the industry trade body, which showed a slight easing in food price inflation. this comes after news that the government is looking into a voluntary price cap on some basic food items to help hard pressed consumers. stuart rose doesn t think much of this idea. starting to try and manipulate markets or control markets is not going to be effective. be careful about what you wish for, be careful about the unintended consequences and remind yourself by reading a history book perhaps, about what didn t work when we had