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over 3% in december. we spoke to investment manager shanti kelemen. she told us the fall in shop prices is a positive development, as the bank of england weighs up when it can start cutting the cost of borrowing. i think it s absolutely good news. i mean, one quirk of psychology is that even though inflation isn t going up because prices arejust sort of constant, it might not feel a lot better because the price is still higher than it was two years ago. with the changes and how people are expecting the future to unfold, the interest rates people pay our mortgages have already fallen a bit, similarly the rates the government is paying for borrowing are also coming down a bit from last year, so that in itself will provide a little bit of relief, even before the bank of england changes interest rates. but will that downward trend in shop price inflation continue? we all know about the supply chain disruptions in the red sea. and the picture could be further complicated from toni
three hours of breaking stories, and checking out the truth behind them. let s start with that massive hunt for the missing submersible in the north atlantic which is now in a critical phase. fears are growing for the five people onboard the missing vessel, which lost contact, during a descent to the wreck of the titanic. it s thought the oxygen supply on board may have run out. but the us coast guard insists it remains focused on finding the crew alive. we were told they were certain the crew would have slows their consumption of oxygen, extending the time available for the rescue. the search area has been doubled in size, and a french ship with a robot that can reach the sea bed is on site. live now to boston where sumi somaskanda has been following the story hello matthew. that is right. this is a massive search, and you have to understand that the ships and aircraft on site at the moment are scarring an area of around 10,000 square miles. they are also trying to loo
and that is the highest number in a season since the met office started naming them in 2015. roads and train lines have also been affected. navteonhal is in nottinghamshire, where a major incident was declared after rising water from the river trent flooded more than 100 properties. driving into an island. this is worse than the year 2000. simon lives in gunthorpe. it s one of the worst affected places by the flooding in nottinghamshire. the situation is so bad that most vehicles can t get through the floodwater, so he s using his modified four by four to help transport people and supplies. he s agreed to let us join him. we shouldn t have to do this, but you can tjust stand by and let people struggle and let people miss doctors appointments. there s a lot of elderly people and vulnerable people around here, so you ve got to do your bit. there are only two routes in and out of gunthorpe. one is up there, and it s underwater. and then there s this one, which is even worse. so