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so what do you think to the strategy? is there any other option? what impact will it have on you? is it right to raise rates? what do you think? get in touch. here is the news. the bank of england is expected to raise interest rates again at midday for the thirteenth time in a row. it s trying to curb rising prices after figures published yesterday showed that inflation stalled last month at 8.7%. a specialist robot is on its way to the north atlantic to help with the search for a missing submersible with five people on board. the titan sub was on its way to see the titanic wreck. estimates suggest oxygen could run out later this morning. bbc analysis shows the uk had one of the worst increases in death rates of major european economies during the covid pandemic. it was 5% higher in the three years after march 2020 compared with the previous five years. services are taking places across the country to mark 75 years since caribbean migrants on the ship, empire windrush, ....
hovering around 2%. right now, it sits somewhere around 4%. that s certainly better than where it was last year. somewhere above 8.5%. but it is still not good enough. and it s why the fed chair jerome powell has said more interest rate hikes seem pretty likely. in may, the 12 month change in the cpi came in at 4.0% and the change in the core cpi was 5.3%. inflation has moderated somewhat since the middle of last year. nonetheless, inflation pressures continue to run high and the process of getting inflation back down to 2% has a long way to go. the theory is by making it more expensive to borrow money it should cool off the economy. and ten rate hikes later, that tactic seems to be working. of course, the danger is the us economy could fall into a recession. those hawkish comments by mr powell had certainly weighed on investor minds. the nikki index is trading flat as japanese investors look at what happened on wall street overnight aftermarket sales for a third straig ....
tonight, chaos and confusion in russia as the leader of the wagner group accuses the military leadship of doing evil and fabricating the justification for the war in ukraine. what does this apparent escalation of infighting in russia mean for the war, and for putin? mark has been trying to make sense of the chaotic signals from russian media sources. also tonight, remember this? a nation of homeowners will be self reliant, independent and able to do what they want with their own lives in their own homes. 39 years on how s that going? we ll be hearing from ben as thousands who ve just had their mortgages hiked hear they might get some temporary relief from the banks? we ll speak to the ceo of a food distribution charity which is overwhelmed, and the chief economist at bloomberg. and a bit of glastonbury. #my # my bed is made of feathers. five times grammy winner jacob collier makes his glastonbury debut tomorrow, we ll be asking him what s in store. good evening. there ....
diagnosis of dementia, nina has been looking at how important training is for staff in shops and cafes. ashes agony as the aussies edge it. england lose the first test on a nail biting final day but stokes says they ll stick to their attacking approach. more than 200,000 music fans are preparing to pitch their tents as glastonbury opens its gates this morning. it might be muddy underfoot at glastonbury due to the rain in the past days but after that it is mostly dry. all of us looking at a mixture of sunshine and showers. fewest in the south. more frequent in the north. all the details later. it s wednesday, the 21st ofjune. the us coastguard, which is co ordinating the search for a submersible vessel missing in the atlantic, says a canadian rescue team has heard underwater noises in the area. it follows us media reports of banging sounds that lasted forfour hours, and came in 30 minute intervals. there are five people on board, which includes three british citizens, and they ....
as you can see here, the rate of inflation in the uk has remained stubbornly high over the last few months adding pressure on the bank of england to raise interest rates again when it meets tomorrow. they re likely to be concerned that core inflation which excludes volatile food and energy prices actually rose hitting 7.1%. that s the highest rate since march 1992. bear in mind, the bank of england s target for inflation is 2% and its been falling in other countries. here s the uk finance ministerjeremy hunt. we don t have the clip at the moment. yael selfin is chief uk economist at the business consultancy kpmg and joins us from london. we heard from jeremy hunt earlier and he said it is a surprise, and it is one of their targets to get inflation down, but it is proving to be harder to do and easier to say. it is proving tricky and there are a number of reasons, one of which is we have a very tight labour market, tighter than in other economies, especially in e ....