hello and welcome to audiences in the uk and around the world. we start here in the uk where the bank of england is poised for the biggest rise in the cost of borrowing for 27 years to rein in the soaring cost of living. economists expect the central bank to raise its main interest rate by half a percentage point something it hasn t done in one go since 1995. that would take it to 1.75% the most expensive borrowing costs the uk has seen for almost a decade and a half with further steep rises expected. it comes as a leading think tank has warned inflation could hit 15% before it starts to ease next year. george buckley is chief uk & euro area economist at the investment bank nomura. i assume you are with the majority and you think is half a percent rise today is a given? i a percent rise today is a civen? ~ , a percent rise today is a civen? ~ , ., a percent rise today is a . iven? ~ , ., ., given? i think it is going to happen. given? i think it is going to happen.
other type of, even craigslist for example, there are online marketplaces. marketplaces. that is the problem marketplaces. that is the problem for marketplaces. that is the problem for ebay. - marketplaces. that is the problem for ebay. they i marketplaces. that is the i problem for ebay. they have been around a very long time, we almost consider them a dinosaur in this market, because you have platform such as tiktok now selling stuff, and there are a lot of competitors having to rethink lots of things and look at green sales, like the resale of goods and all sorts, to keep people interested. goods and all sorts, to keep people interested. right, the u . people interested. right, the u- cle people interested. right, the up cycle market, people interested. right, the up cycle market, according i people interested. right, thej up cycle market, according to donna get toby, they were predicting in 2019 that this is going to be a trend that is happening now, and when you are lookin