Slight fall in inflation yesterday. The governor of the bank said he expects that trend to continue but cautioned that hes watching to see whether further rises may be needed in the future. With all the details, heres our economics correspondent andrew verity. At this shared workspace in brixton in south london, what higher Interest Rates mean for students like paige is fewer landlords entering the Rental Market and more selling up as their Mortgage Costs jump and rents rise rapidly. After her landlord sold, shes given up finding a decent home to rent and moved back in with her parents. With the competition out there and what you get for your money in london, it just wasnt worth it. You would see a Shoe Box Room or a double mattress literally in a room with no floor space for upwards of, like, £800. Gerald, who runs the workspace, is also a landlord who said he had more than 80 applicants when he tried to let out a local flat for £1500 a month. The trouble for him was the Mortgage Pa
To the announcement. In some ways this was inevitable. Yes, Rupert Murdoch always said he would never retire. His son lachlan always said his dad would never retire. But his companies have been shrinking over the years and struggling against the Media Headwinds that all Media Companies are facing. For example, streaming and the struggles of newspapers. So Rupert Murdoch is not the swashbuckling feared and reviled media mogul that he once was that he was for decades. He was strangely passive in recent years as his Fox News Network in the us promoted lies about voter fraud in 2020. He seemed to be more like the passenger, rather than the driver he seemed more like the passenger than the captain of the ship. And so i think todays announcement confirms and signifies that. Weve just had a statement from Lachlan Murdoch, who says, On Behalf Of The Fox and news corp boards of directors, Leadership Teams and all the shareholders whove benefited from his hard work, i congratulate my father on h
We know he is going to address, hold a press conference, give a speech and take questions in Downing Street at liz30pm. There has been speculation through the morning following the link to the bbc yesterday of this potential big shift in Government Policy to push back net zero target dates that the government was scrambling, it was talking to industry, talking to other mps in the last few hours and all calling for clarity. What we now see is Downing Street confirming 4 30pm, the Prime Minister will address this issue and seeking to bring some clarity, which the car makers have been calling for an Opposition Party is already very critical of any move to change those targets. D0 critical of any move to change those taraets. ~. ,. ,. , critical of any move to change those taraets. ~. ,. ,. , targets. Do we know what some of the ro osals targets. Do we know what some of the preposals might targets. Do we know what some of the preposals might be targets. Do we know what some of the proposal
As you would expect, a great deal of concern. The industry has invested billions in this transition and a lot of it has gone into the uk already, the government has backed that. You have seen them invest in the Tata Battery Factory in somerset, mini production in cowley, Electric Vehicle for commercial Vehicle Production in ellesmere port. So weve got mixed messaging when youre investing in there. If you want to attract and continue that investment, you need a strong market. We want to see what is being said, because at the moment we are getting this mixed message about what is it that the government wants. Ill tell you, if you want to achieve net zero, you have to decarbonise road transport. This morning home secretary Suella Braverman backed the Prime Minister for making difficult decisions on net zero and putting Household Costs first. The Prime Minister is taking an approach of pragmatism and proportionality when it comes to delivering our net zero commitments. Its right that he as