we start with the travel industry. it s anticipating a much needed shot in the arm later today, in the form of an easing of uk travel restrictions for people who are fully vaccinated. it s expected that from july 19th, uk citizens who ve had both doses will be exempt from quarantine when returning from countries on the amber list. if confirmed it would effectively open up most of europe for travel in time for the school summer holidays. paul charles is a former communications director of virgin atlantic and eurostar, he now runs the travel consultancy the pc agency. welcome to you, thank you for being with us. what are you expecting from today s government announcement? this would be a government announcement? this would be a major government announcement? ti 3 would be a major boost for government announcement? ti 1 would be a major boost for the travel sector if the government gives the go ahead later on today to enabling those who have been fully vaccinated to go af
mcdonald s says it s aware of a technology outage impacting restaurants, and that the issue is being resolved . they said it s not related to a cyber security event. joining us now from new york is michelle fleury. not michelle mcfleury as i would be tempted to say in other circumstances. what is going on? restau ra nts restaurants have been affected overnight and it seems to be able to play a big issue in bangkok, australia, also where you are in the uk and ireland. some stores had to close reportedly because the it systems went down, people were not able to order because of the touchscreens are not able to place mobile orders. in some cases they went back to pen and paper to take orders and that old thing of accepting cash. all of this has been accepting cash. all of this has been a black eye for the chicago based company who have come out and said it is not related to a cyber security attack but they have not given any more details about what caused the outage. they said
to the deflationary spiral however now because there s a strong trend of wage increases, finance minister shunichi suzuki says it s over. joining me now is seijiro takeshita, who s a professor at the university of shizuoka. thank you for being with us today. talk to us first of all, this is a pretty unique set of circumstances that japan has pretty unique set of circumstances thatjapan has been pretty unique set of circumstances that japan has been through for the past generation. it is today s declaration calls for celebration? yes, i would think so. concerning the fact that for two decades, we haven t seen any wage rise. where the only country to do that. there are a lot of recurring profits, bits nine redeeming to their employees. this is, in that sense, a remarkable change. in most of the estimates, there were around 4%, but now it s been reported to be around 5.2, exceeding expectations. fist been reported to be around 5.2, exceeding expectations.- been reported to be
we heard that average uk wages were rising at their fastest pace in 20 years. katharine neiss is chief european economist at pgim fixed income. thanks very much for being with us today, katharine neiss. so clearly welcomed news that inflation has fallen to this point. still quite far off the bank of england s target, though. is everything going to plan or as we had expected? 50. to plan or as we had expected? so, toda s to plan or as we had expected? so, today s data to plan or as we had expected? srr, today s data are to plan or as we had expected? s57, today s data are not to plan or as we had expected? s513, today s data are not a to plan or as we had expected? sr3, today s data are not a surprise. it is encouraging, as you say, that headline inflation is coming down. no doubt uk consumers will be relieved to see that energy prices and food price inflation is beginning to cool. but, that said, core inflation, that is a measure of inflation that gives us perhaps a better
the biggest such a huge deal. this is probably the biggest investment such a huge deal. this is probably the biggest investment in - such a huge deal. this is probably the biggest investment in uk - the biggest investment in uk automotive since nissan back in the 19805. it automotive since nissan back in the 1980s. it really is a game changer. the uk had been lagging behind badly in terms of electrification, and unless we have factory making at scale in the uk, we aren t going to seem cars made here and we are going to have an industry. this is critical for uk or two, to have an industry. this is criticalfor uk or two, and really good news. critical for uk or two, and really good new- critical for uk or two, and really aood news. , , .,~ ., critical for uk or two, and really aood news. , , ., ., good news. does this make britain a otential good news. does this make britain a potential world good news. does this make britain a potential world player good news. doe