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Transcripts For BBCNEWS Breakfast 20240704

our main story. figures released this morning will show how the uk economy has performed and whether it dipped into recession at the end of last year. the office for national statistics will publish its economic health check for the final three months of 2023 in the next hour. nick eardley is in shrewsbury this morning. it looks bright and lively but not necessarily a reflection of the economy. there are a lot of experts who think we will be talking about the uk having been in recession at the uk having been in recession at the end of 2023. we are entries we market to get some reaction and speak to traders, about how the economy feels to them. in shrewsbury market. it has been a tricky time with rising prices and interest rates and rent going up as well. what it will tell us at seven is about the health of the economy. if the uk did fall into recession it is bad news, it is a bad sense things are not going particularly well for the economy. bad economic news, bad news for

Transcripts For BBCNEWS BBC 20240704

well, it s true that the uk has suffered a little bit more by comparison to some other countries in terms of higher inflation and also concerns about interest rates needing to stay higherfor longer in the uk than perhaps will be the case elsewhere because we have a little bit of a sticky inflation problem, with wages having increased a bit faster than perhaps in some other countries. and it s very, very difficult to control that once that starts happening. so there have been perhaps some policy measures which have not helped hugely, particularly not adjusting inflationary expectations early on in the uk, not enough subsidies for energy when they started going up, prices started going up so much, and being a little bit late when we intervened. so there s that. plus, of course, in terms of consumer spending and the fall in real incomes of people, we ve had the increase in taxes, which has happened because personal allowances have been frozen. so a lot more money has been taken

Farmers still losing money on wool with fleeces below £1

The sheep sector continues to make a substantial loss on wool with current prices well below the cost of shearing. Wool was valued at just 74.8p/kg at the

Decline in flock numbers is resulting in less wool - Ulster Wool

The current strength of lamb and ewe prices is encouraging flock owners to keep less sheep, according to Ulster Wool chairman: Brendan Kelly.

Wool returns stable despite a smaller clip