rates to a 15 year high at 4.5% as it continues its fight against high inflation. and donald trump calls for republicans to let the us default on its debt rather than give way on biden s spending plans. hello. a warm welcome to the programme. this is world business report, i m ben thompson and we are going to start in the uk where the bank of england has raised interest rates for a 12th consecutive month. all of that as it tries to fight high inflation. uk interest rates were raised by 0.25%, while the bank said inflation would fall sharply in april but not as far or as fast as it previously thought. last month inflation slowed to 10.1% but that figure is still way above the bank of england s target. remember that target is 2%. let s speak to victorias, head of investment at interactive investor. lovely to see you. let s talk about what we have heard. first the interest rate itself because the interesting stuff is what the bank told us about what might happen next. a widely
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one place we have begun to take action is at the agency in charge of regulating drilling and issuing permits. known as the minerals management sf. over the last decade this agency has been emblematic of the hostility. a philosophy that says corporations should play by their own rules and police themselves. stocil matters segment. john usually objects tot t federal government intruding on private industry. in fact, there is a new gal tday lop poll out saying 40 percent p of americans want bp heading the oil in the gulf. here is now john stossel. thfailed philosophy that regulation is bad and lefty bandits do what they want. and you say? they hardly had no we regulation. there were stacks of permitssi six feet high they had to full