Being a lot lower in 02 this year than they were last year. as we well remember, they were running up sharply by last year. bp has realised that prices were down by just under 40% year on year and a biggerfall, they realise just under 40% year on year and a bigger fall, they realise that gas price, 45% and also down by a 30%, that explains why the puppet are lower this year than last year. lower, but still quite an impressive number nonetheless. it will always raise criticisms about windfall tax with big energy firms doing well on the back of these prices, though as you have said, they have come down from their peaks. bp is not a big player in the uk any more. it’s from their peaks. bp is not a big player in the uk any more. it s not a big player. player in the uk any more. it s not a big player. but player in the uk any more. it s not a big player, but reasonably - a big player, but reasonably important. they pay tax there and i think, looking at figures, it is
This was a surprise as a much biggerfall was predicted and rang alarms bells with concerns of sticky inflation that proves difficult to reduce. bells with concerns inflation is proving very sticky. difficult to bring down. and helps low prices with the bank of england raising interest rates are 12 times zero to 4.5%. i ve discussed this with karen pickering, senior economist at. good morning. karen pickering, senior economist at. good morning. do you expect a big fall in inflation for the month of april? inflation for the month of aril? ~ , ., ., ., ., april? we should get a four or the bank of april? we should get a four or the bank of england april? we should get a four or the bank of england thinks - april? we should get a four or the bank of england thinks a l the bank of england thinks a .4%, the market expects lower than that, a 20%. the reason why it should fall at least this month is april is when you get the annual dropout of the
He scores! and, manchester city sail past bayern munich to reach the semi finals of the champions league. and coming up on bbc news, kyren wilson scores the first 147 break of this years world snooker championship in sheffield. but is it enough for a place in round two? good evening. the unrelenting pressure on household budgets has been demonstrated by the latest inflation figures, which showed a very sharp rise in the cost of food and soft drinks, pushing the cost of living even higher. inflation remained in double digits last month, falling only slightly to 10.1% in march. that s down from 10.4% in february, but experts had predicted a biggerfall.
Is predicting a biggerfall in gdp as a result of the global energy crisis than we are here. you are seeing higher inflation in the eurozone, countries like germany and italy. in america you are seeing taxes go up by $800 billion. these are global headwinds and i am very confident that the british economy has some very good fundamentals that will see us through this. will see us through this. starting at this moment will see us through this. starting at this moment we will see us through this. starting at this moment we are will see us through this. starting at this moment we are in - will see us through this. starting at this moment we are in a - will see us through this. starting | at this moment we are in a worse position than those other economies you mention. to show viewers a graph, showing every other major economy that has got back to the size it was before the pandemic. we have not, there we are, the uk is lagging furthest behind. every major economy has had to deal with
Down by almost 3%. we are seeing a similar trend elsewhere across the region from australia to south korea. the 2%, 3% fall is significant, but some were expecting an even biggerfall. the reason it might be somewhat limited as asian markets and esters have been on edge for many weeks now, even last week warnings of an imminent attack, as a role in stock markets have been on a rollercoaster ride, that s why the impact is somewhat limited but still write a significant wall, and we continue to monitor what the european markets re open and wall street and the us markets were closed yesterday for a public holiday but futures indicate they will see significant losses at the tuesday open. see significant losses at the tuesday open. the point about the strongest tuesday open. the point about the strongest sanction, - tuesday open. the point about i the strongest sanction, weapons if you like your it might have, thatis if you like your it might have, that is the nord stream gas pipeline, whi