Transcripts For BBCNEWS BBC 20240703

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to have leroy sane's shot covered but he palmed it into the net at the allianz arena. the german champions were 2—0 up at the break before rasmus hojlund's first united goal gave the visitors hope but they were always chasing the game, harry kane's penalty made it 3—1 and teenager mathys tel scored what proved to be the decisive goal for bayern in a deserved win. united manager erik ten hag refused to let his goalkeeper take sole responsibility for the defeat after that early clanger. in football, there will always be mistakes. and there was one mistake. so we also don't make it bigger than it is. and as i said already, it was not only andre in that goal and a bit more. and after that, he made, in the second half, great saves for us. so he shows his capabilities and he will bounce back. he will. and he is an important player. after a six—year absence from the champions league, arsenal looked right at home thrashing dutch league leaders side psv eindhoven 4—0 at the emirates. they went ahead through bukayo saka inside eight minutes with further goals followed from leandro trossard, gabriel jesus, and martin odegaard it was a beautiful night after such a long time, and we needed to produce the right performance and try to win the game and it was great to see the atmosphere, the champions league music, everyone was getting a bit emotional before it and we showed in both boxes today that we were exceptional and that was the difference in the game,| think. elsewhere on wednesday, jude bellingham came to rael madrid's rescue once again, they beat union berlin 1—0 with hsi winner coming in injury time at the bernebeu, while in the same group, a late goal saw napoli edge past portuguese side braga, while last season's beaten finalists inter milan were held to a 1—1 draw by real sociedad. for more on the rest of the day's results, head to the bbc sport website. the europa league group stages start on thursday, four british sides in that — rangers, west ham liverpool and brighton who are preparing for theirfirst european campaign, it starts at home to greek side aek athens. we believe in ourselves. we believe in the quality of the players, first of all, the level of the club. but we know we are brighton and we know our level. but we have the ambition to become better, better and better, step by step in every competition, in every game. aston villa and aberdeen also play in the europa conference league this evening. lionel messi was forced off with an injury during inter miami's 4—0 win over toronto fc on wednesday night in the mls. messi missed the last of argentina's world cup qualifiers during the international break and went off in the first half. inter miami manager tata martino said messi was dealing with an old injury and won't take any risks with him ahead of next week's us open cup final against houston dynamo. top seed ons jabeur is out of the guadalajara open in mexico, losing in the third round to martina trevisan. the italian was two points from defeat at one stage in the second set but staged a remarkable fightback to take it to a decider against the world number seven, eventually winning injust a little over three hours. trevisan faces american caroline dolahide in the quarterfinals. it was much more straightforward for second seed maria sakkari as she eased past another italian, camila giorgi in straight sets to reach the quarterfinals in mexico, next up for her colombia's emiliana arango. and finally, how about this for a catch in the crowd in major league baseball? nick castellanos' home run gave the philadelphia phillies a 2—0 lead in the fifth inning against the atlanta braves, but the spotlight will be on this braves fan making an impressive one—handed grab while holding onto his young daughter. his reward? a signed baseball from the braves. and that's all the sport for now. the uk prime ministers rishi sunak has defended his changes to the government environmental policies and set a change to net zero was essential and announced on wednesday a ban on the sale of petrol and diesel cars would be delayed to 2035 instead of 2030. the scrapping of oil boilers to be replaced by heat pumps will also be put back. the prime ministers stacey remains committed to reaching net zero by 2015. he has been speaking to the media in the last hour. —— the prime minister said. media in the last hour. —— the prime ministersaid. i media in the last hour. -- the prime minister said-— minister said. i have been talking about changes — minister said. i have been talking about changes announced - minister said. i have been talking - about changes announced yesterday, ensuring we deliver net zero in a proportionate and pragmatic way that minimises the impact on working families while hitting our world leading targets. these changes are particularly important for rural and farming communities facing huge costs and at the backbone of local economies. i will make the big decisions right for the long term interests of our countries even of those at difficult because that is how we will bring change and build a better future for our children. something doesn't seem to add up. we something doesn't seem to add up. - have been through the numbers and are absolutely confident we are on track to hit our domestic and international targets which are world leading and we have over delivered and all our carbon budgets to date despite everyone saying you might not hit them plus we can see the cost of some of these new technologies following far faster than people predicted. offshore wind was a big example and the cost 70% less than predicted 2016 and the adoption of new technologies happening faster than we thought, electric vehicles being a good example. we are confidently on track to deliver net zero and will do it in a pragmatic way and minimise cost for working families that could have spiralled into the thousands and thousands of pounds. i don't think that's right. thousands of pounds. i don't think that's right-— that's right. experts doubt those claims. that's right. experts doubt those claims- the _ that's right. experts doubt those claims. the climate _ that's right. experts doubt those claims. the climate change - that's right. experts doubt those - claims. the climate change committee say you are set to meet your carbon reduction targets and if you implement these policy changes and delay the targets what extra things will come in?— delay the targets what extra things will come in? lots of people of lots of different — will come in? lots of people of lots of different views _ will come in? lots of people of lots of different views and _ will come in? lots of people of lots of different views and we _ will come in? lots of people of lots of different views and we have - will come in? lots of people of lots| of different views and we have been through numbers and are confident we are on track to deliver the targets. we have been predicted to miss our carbon targets in the past but have actually had every single one and exceeded them. it gets polarised between extremes. there are people who just want to deny climate change is happening and they are wrong and on the other side people here forces with a more ideological seal with the don't care about the impact on families. i don't think they are right either. what i've done is pick the pragmatic course to delivering net zero because i believe in it and offend the country doesn't want to do what's necessary but i believe the were that done in a fair and pragmatic way and i think that is the way that will command the broadest support. in the way that will command the broadest support.— the way that will command the broadest support. in the past hour former soldier _ broadest support. in the past hour former soldier has _ broadest support. in the past hour former soldier has pleaded - broadest support. in the past hour former soldier has pleaded not. former soldier has pleaded not guilty to escaping from wandsworth prison. allegedly escaped by strapping himself delivery vehicle with bed sheets. it was revealed 80 prisoners did not turn up for their chefs and the prison on the day that daniel khalife escaped. figures earlier this week showed a supplies showdown in price rises. a 15th rise in a row inflation from 5.25% was widely predicted before today but now only half of investors are predicting are backing that claim stop the bank of england which sets rates will reveal its decision at midday. any rise would mean higher interest rates on some any rise would mean higher interest rates on some mortgages and loans, but also higher savings rates. the prime minister was out and about in essex this morning and ahead of the decision , let's listen to what he had to say. my number one priority was to have inflation and with welcome news yesterday when inflation fell faster than many people expected. that showed planners _ than many people expected. trust showed planners working and we have to stick to the plan that is my number one economic priority and we are delivering and we have support in place to help families that are struggling whether those on welfare or with mortgages the most important thing i can do to help people is to bring inflation down as quickly as possible. yesterday's figures show the plan is working. rishi possible. yesterday's figures show the plan is working.— the plan is working. rishi sunak s-ueakin the plan is working. rishi sunak speaking just — the plan is working. rishi sunak speaking just a _ the plan is working. rishi sunak speaking just a while _ the plan is working. rishi sunak speaking just a while ago. - let's cross to our reporter david waddell in the newsroom. how have we arrived where we are today? how have we arrived where we are toda ? , , ., , ., ., how have we arrived where we are toda? , , ., , ., today? industries have been on a bit of a journey- — the financial crisis of 2008 where interest rates were up to 5.75% we don't expect them to rise to that level today but after a long period, many years of interest rates lag at around 0.5%, then a quarter of i% then zero point i% around 0.5%, then a quarter of i% then zero point 1% they have risen very rapidly with 14 consecutive hikes today could be 15th consecutive height. economists are split 50—50 on whether we will see another rise or whether they will be kept where they are today at 5.25%. take a three what happened this week in what could happen today. this rah is in what could happen today. this graph is blank— in what could happen today. t�*i 3 graph is blank at the moment. it now shows how inflation has been moving in recent years. this grey line is the bank of england target, 2%. the objective for the bank of england set by government as inflation should lie between zero and 2%. we don't want deflation and neither do we want the kind of high inflation we want the kind of high inflation we have seen as the pandemic started to ease we saw prices rise rapidly. they rose to an annual rate of 11.3% late last year. price rises have been rising less quickly since then and yesterday we had news that inflation, consumer price inflation, had fallen to 6.7%. prices are still rising fast but not rising as fast as they were last year. i rising fast but not rising as fast as they were last year.- rising fast but not rising as fast as they were last year. i am casting m e e as they were last year. i am casting my eye around _ as they were last year. i am casting my eye around some _ as they were last year. i am casting my eye around some of— as they were last year. i am casting my eye around some of the - as they were last year. i am casting | my eye around some of the business websites including the bbc. one headline that keeps jumping out is that the pound sterling has fallen ahead of today's announcement will stop why? ahead of today's announcement will sto wh ? , ._ ahead of today's announcement will stowh? , ,, stop why? yesterday there was a us federal reserve _ stop why? yesterday there was a us federal reserve interest _ stop why? yesterday there was a us federal reserve interest rate - federal reserve interest rate decision and they decided to keep your interest rate on hold but also indicated there would be a further rate rise in the united states happening at some point in the months ahead. the dollar reacted by rising because as interest rates are raised that raises the value of the currency so the dollar has risen against a basket of other currencies including the euro and pound and other currencies so the fall in the value of the pound against the dollar as in a sense more of a united states than a uk story. the bank of england may feel an incentive to enhance the value of the pound because that will help with its inflation battle and that is one incentive perhaps to raise interest rates that will weigh upon it. interesting, we were saying 50—50. i am now looking at another analyst here saying that the money markets are indicating that it is now a roughly 61% chance that the bank of england will actually raise as interest rates. there is something of a like between interest rates and the impact it has on inflation. what is the feeling in terms of whether it is a good thing for the bank of england to increase those rates now off the back of that surprise drop in inflation yesterday?— in inflation yesterday? well, inflation fell _ in inflation yesterday? well, inflation fell it _ in inflation yesterday? well, inflation fell it was _ in inflation yesterday? well, inflation fell it was expected j in inflation yesterday? well, i inflation fell it was expected to rise, actually, because of changes in fuel prices, so the bank of england will wait that but has to wait in the round against the trend of falling inflation... the announcement - of falling inflation... the announcement has - of falling inflation... the | announcement has come of falling inflation... the announcement has come through and i believe the interest rate has been held at 5.25%. so there we have it. interest rates for the uk have been held by the bank of england at

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