this is outside source, live from the bbc newsroom. our lead story is. president vladimir putin has compared the country s invasion of ukraine to the fight against nazi germany, and hinted that he could seek to move beyond conventional weapons. this to move beyond conventional weapons. all comes. president this all comes as the ukrainian iresidenr , this all comes as the ukrainian ”residen , ~ ., this all comes as the ukrainian iiresiden , ~ . , , this all comes as the ukrainian iresideni ~ . , , ., president says ukraine deserves to start talks on president says ukraine deserves to start talks on eu president says ukraine deserves to start talks on eu membership i president says ukraine deserves to start talks on eu membership this| start talks on eu membership this year. here in the uk, the bank of england has raised interest rates to their highest level for 14 years. the increase will leave millions of households facing higher mortgage payments at a time when many people ar
as the 24th of february. to talk about all this, i m joined by oleksii goncharenko, a member of ukraine s parliament. he s from the southern port city of odesa but is currently in the us. very welcome to outside source. thank you so much forjoining us. let me begin with some of those figures that we are hearing about. the eu will train more ukrainian soldiers. how much of a difference will that make? it is soldiers. how much of a difference will that make? will that make? it is very important. will that make? it is very important, and - will that make? it is veryj important, and definitely will that make? it is very - important, and definitely that will that make? it is very important, and definitely that makes a difference. we have a lot of manpower, people who want to fight for their country, for the homeland, but they are untrained. they are it specialists, designers, even we have ballet dancers coming into the army. definitely to be effective, they not just need high morale bu
close to the highest level in 40 years, and more than five times the bank of england s target. the bank governor said inflation had turned the corner, but the battle against surging prices wasn t over yet. we have done a lot on rates already. the full effect of that is still to come through. but it is too soon to declare victory just yet. inflationary pressures are still there, and we can see that in the data and we hear it from our agents. and we need to be absolutely sure that we really are turning the corner on inflation, and that s why we ve increased bank rate today, and that is why we will, of course, continue to monitor the data very carefully. let me just remind you how steeply interest rates have risen in recent months. today s rate hike was the tenth consecutive increase. however, for the first time in this series, the bank of england s language suggested that the job might be done, or very nearly done. let s hear from the chancellor or uk finance minister jeremy hunt, on
let s just touch on what the bank of england is forecasting for the uk economy this year. it says britain remains set for recession, but a much shallower one than previously feared. it sees the economy shrinking by 0.5% in 2023 as energy bills fall and price rises slow. that compares with the 1.5% contraction forecast in november. here s our economics correspondent andy verity on that. some critics might say, well, why are you raising interest rates, which makes life harderfor a lot of households and gives them less money to spend when we re already headed for recession? the answer to that is that they are worried that inflationary pressure, which had been imported so far from gas prices and the like is becoming embedded domestically, in, for example, the price of services, which has gone up by more than they expected. so they are worried that wage rises are reflecting expectations that inflation will stay high and that could become a bit of of a self fulfilling prophecy. in an
been relatively mute. it has essentially said this is the americans trying to trick the philippines into a trap and they are advising the philippines against doing anything. translation: out of selfish - interests, the us has continuously strengthened military deployment in the region, which exacerbates regional tensions and endangers regional peace and stability. countries should remain vigilant against this and avoid being used by the united states. so that suggests that beijing wants to keep good relations with manila and won t retaliate, at least for the moment. stay with us on outside source. still to come: we take a look at what lies ahead for the uk, now that the bank of england has raised interest rates to their highest in 14 years. this is the moment that millions in iran have been waiting for. after his long years in exile, the first hesitant steps