to shut down the blast furnaces at port talbot. frustration, disappointment is probably the biggest word. disbelief. it sjust been. handled absolutely appallingly in my opinion. also coming up: are pre election handouts ahead? taxes in his march budget. when i look around the world to america and asia, when i look around the world to america iwith sia, when i look around the world to america iwith lower when i look around the world to america i with lower taxes countries with lower taxes have more dynamic, faster growing economies. that s and a sweet business that ran out ofjuice. we look at the rise and fall of the original indian steel giant tata is expected to confirm up to 3,000 jobs will be cut from its british operations. the bbc understands tata is to go ahead with plans to shut down both blast furnaces at its port talbot site in south wales which is the uk s biggest steel plant. the company is intending to replace the furnaces with an electric version which is more
that s the first increase after five consecutive months of declines. consumer prices edged up from 6.9% in march, which could further encourage the european central bank to raise interest rates on thursday. joining me now is christian schulz, deputy chief european economist at citi bank. lovely to see you. so, the number is on the up, no great surprise considering what we have seen elsewhere, but the big question is how the central bank response. the ecb has made some progress, i guess, the base rate was in double digits at the end of last year, we are now down to 7%. no further progress in april, it seems. looking at the details, there are some positives. food inflation is down, it had been rising and rising. hopefully that is a trend that will continue. also called goods inflation, that is also decreasing for the first time. the bad news is, for the ecb, that services inflation keeps rising and thatis services inflation keeps rising and that is the surprise in this, really.
help britain become more attractive, help more investment flow into our country, yes, i m absolutely prepared to take those decisions. more rail disruptions this time it s the london marathon that could be affected as rail workers announce more strike dates next month. and a peak audience of around 28 million people watched on tv as the queen s coffin was carried through london. and coming up in the sport over on the bbc news channel: england s cricketers mark their first match in pakistan for 17 years with a victory in the first t20 game in karachi. good evening. president putin is paving the way to try to annex a significant area of ukraine that are being occupied by russian forces. officials in the russian controlled areas in the donetsk, luhansk, kherson and zaporizhzhia region have announced they plan to hold referenda onjoining russia in the coming days. ukraine and the us have said such ballots would be an illegal sham. russia has suffered a serious of setbacks on th
yes, indeed, the thought of a chip implant may send a shiver down your spine, that comes later but we begin with the latest warning from the international monetary fund. it has slashed its forecast for the global economy, saying it will grow by only 2.7% next year, with many countries in recession. in its six month update, the imf said the worst was yet to come. this forecast comes as the fund and internationalfinance ministers meet in washington. our north america business correspondent michelle fleury has more from the us capital. the international monetary fund had bad news forjust about everyone. according to its latest forecast, a third of countries will be in recession next year. and whatever growth the others have, it will be far less than they had hoped for. on top of that, the fund s less than they had hoped for. on top of that, the funds to balcomba speaking to the bbc insisted central banks must continue to raise interest rates to fight inflation. if central banks
with the murder of nine year old olivia pratt korbel. she was shot in her home in liverpool in august. king charles and the queen consort camilla visited dunfermline on their first official engagment since the period of royal mourning came to an end. and coming up we meet mr doodle the man from kent who makes his living from doodling and has covered his whole house in drawings. hello, if you havejustjoined us welcome to bbc news. just to remind you we will have live coverage of the chancellor kwasi kwarteng s speech to the conservative party conference later. he has been forced into a dramatic u turn to scrap the 45p top rate of income tax. the decision to ditch the policy a decision which mr kwarteng confirmed this morning came less than 2a hours after the prime minister liz truss had publicly defended it. in a statement, mr kwarteng said the 45p tax plan had become a huge distraction and that the government had listened to people s concerns. yesterday on the bbc,