Investment platform. Thanks bro. Thanks for joining Thanks Forjoining us. Mortgages cost more so it is a bit of a Vicious Cycle for First Time Buyers . It is, yes, and there is a bit of respite for people looking to get onto the Property Ladder but they have still got very high costs of borrowing and it will still cost a lot to afford the mortgages once you have got on the ladder and it still costs a lot of money for renting whilst you are trying to get on the ladder. But it is good news for people who are looking to get off the ladder and looking to use their housing as part of that so there is a bit of balance but i suppose house prices matter most when you are trying to change your position. For the vast majority it is a number that changes without us actually trying to change our Housing Position but i think the people trying to get on the Housing Ladder to make the first step are really feeling the squeeze right now. The numbers tell the story. 3. 8 fall in july alone, the fastest
the global monetary pivot that was what some commentators were declaring on wednesday, after the us federal reserve said it had probably finished raising interest rates, and signalled it was planning to start cutting them next year. but clearly, neither the european central bank nor the bank of england got the memo. they left their rates on hold and said it was too early to talk about cutting them. in fact, here in the uk, three members of the bank of england monetary policy committee actually voted to raise the interest rate above its current level of 5.25%. the bank is worried that inflation the rate that prices are rising is still not under control. our economics editor faisal islam reports # last christmas, i gave you my heart.# liverpool s christmas market the festive spirit is here, but little sign of a marked upturn in the economy. people here continuing to have to cope with new surges in the cost of living, even as inflation slows. i sold my car last week. car
hello there. as you have heard, last minute talks to avoid strike action on the uk s rail network have failed. now, millions of people will face travel misery as the biggest rail strike in 30 years brings services to a standstill in england, scotland and wales. the first strike started this morning and more are planned on most major lines on thursday and saturday. the rmt union says its members oppose stagnating pay and want justice. but industry bodies have warned against a strike action, saying it would shatter hopes of recovery for many businesses . joining me now is dr roger barker, director of policy at the institute of directors. thank you forjoining me today. is it fair to say that businesses will go under this week as a result of the strike? that may well be the case. this is gonna have a big impact on business. that impact will be quite uneven. some of us will be able to go back to working, taking off where we left off during covid. other sectors won t be able to do
illnesses in children in the north of the country. beijing has attributed the increase to the lifting of covid restrictions. and hundreds of thousands of arrivals in the uk, a blow to time for a look at the business news now. we start with a stark warning from the international energy agency. in a new report, the global energy watchdog say the gas and oil industry needs to vastly cut its emissions to reach climate goals. the iea say the oill and gas sector will have to cut emissions two)by 60% by 2030 to keep global warming to an increase ofjust 1.5 centigrades, and by 75% to reach the 2050 net zero goal. the report was released ahead of the united nations climate summit, or cop28, which begins in dubai next week. the iea call this a moment of truth for the oil and gas industry. the moment of truth is for the oil and gas companies to decide if they are going to be partners in the fight against climate change or not. and some of the data that we have suggests that, for the mom