Favour over the past month. Weve seen sterling rise that will help temper the Price Pressures from imports. Weve also seen other pressures in the markets where theyve been raising some questions about the Bank Of Englands credibility, as in Mortgage Rates going up without decisions being made that has all calmed down, too. And the public s expectations of where inflation is going, which were really very high, have now begun to temper. So thats also going in the banks favour. But a crucial issue is that they have raised rates by 5 the impact of that has really taken some time to filter through into the economy, there is sort of turning the type of rate rises on. Turning the tap. We are beginning to see the impact of that now weve seen in the Housing Market, weve seen it in some corporate insolvencies too. So that all leads back to this Balancing Act between crushing inflation, but avoiding a downturn its a tight rope and we are probably approaching the most narrow, trickiest part of tha
Not in line. What the bank is doing is looking back at inflation, but forward at what this Rate Decision may influence in terms of behaviour. I think, from last Bank Of England became, where they moved a 50 basis points, that was taken as a really big jump in rates. Since that decision, we have seen some improvement in inflation numbers. There were still some calming for a 50 basis point change, but i think that this was more of the consensus. As you say, the balance between trying to get inflation under control, because lets not forget, that also makes people poorer in the long run, and also, making sure that there is not too much damage done to there is not too much damage done to the economy is a Balancing Act that they have to play. And, if you watch some of the comments Andrew Bailey made after the meeting, there were some pretty negative outlook in terms of gdp and the general gross scenario for the uk. Scenario for the uk. And, a fine line in terms scenario for the uk. And, a fi
heard they were looking at a flotation somewhere between $60 - 70 flotation somewhere between $60 70 billion, and that was created in the uk. - 70 billion, and that was created in the uk. softbank are busy looking created in the uk. softbank are busy looking at created in the uk. softbank are busy looking at an created in the uk. softbank are busy looking at an ipo - created in the uk. softbank are busy looking at an ipo as - created in the uk. softbank are busy looking at an ipo as you . busy looking at an ipo as you mention. good for your take on that, russ. to australia now where thousands of households have faced a steep jump in energy prices in recent weeks. some have seen bills go up 25% as regulators set prices for the coming financial year. the government came to power promising cheaper energy by 2025. it argues a shift to renewable energy sources will be cheaper for consumers in the long run. butjuly s rises have been a blow to people already struggling with the cost
arguing that a shift to renewable energy will be cheaper in the long run. butjuly s rises have been a blow to people already struggling as phil mercer reports. home should be a cosy sanctuary in sydney for dianna 0lmos. but rising costs have made electricity almost unaffordable. so she does what she can to beat the winter chill, but worries about the future. power prices will increase by 20 25%. i cannot afford that. i don t know how we are going to survive this time, with a huge cost of living rise, the rising of energy bills and, you know, really extreme weather. western sydney s first community battery stores excess solar energy from nearby houses. residents without rooftop panels can join the scheme that aims