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BBCNEWS World July 6, 2024

if you have just joined if you havejustjoined us it is time for the top business stories. we start here in the uk where in the next few hours the bank of england is widely expected to raise the cost of borrowing for the twelfth time in a row. the quarter percent rise most economists are predicting would take the bank s main interest rate to 4.5% the highest it has been in almost 15 years. the big question though will it be enough to start to get inflation, which is still running at more than 10% a year, under control? let s speak to katharine neiss she has held various roles at the bank of england and is now chief european economist at p gim fixed income. good to have you on the programme. iassume good to have you on the programme. i assume you are with the majority believe we are looking at a rate hike today of another 25 basis points. today of another 25 basis oints. . , today of another 25 basis oints. . , ., , points. that s right, that s the consens ....

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BBCNEWS World Business Report June 4, 2024 04:54:00

Need government to help step up and do the job of ensuring that people are kept safe, and we need all of us to be involved in these conversations. so i am a little less pessimistic than the engineers at google. i see the engineers at google. i see the hard work that is already happening. the hard work that is already happening- the hard work that is already haueninu. ,,, ,, , . happening. unless pessimistic than the creator happening. unless pessimistic than the creator of happening. unless pessimistic than the creator of this. - happening. unless pessimistic than the creator of this. the i than the creator of this. the real worry is not so much about the big players, the companies we know well, the companies we are all following closely and trying to hold two accounts, but it is the bad actors out there, those that are involved in countries that are not on our radar that don t have regulation, that are not under close scrutiny, who have their own motives and their own goals. own ....

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BBCNEWS World Business Report June 4, 2024 04:39:00

Saying i am not a lawyer so i m not going to try to predict what s going to happen in the court room. i think in terms of what this does to results at the parks, so far, nothing. the parks have more than recovered from the pandemic, they are at all time highs in terms of revenue. attendance was up 7% in this quarter. i think consumers are voting with their feet and this drama that is occurring in the political stage and in the legal system is just not something that is impact on people s interest in going to the parks. trio. impact on people s interest in going to the parks. going to the parks. no, of course not going to the parks. no, of course not but going to the parks. no, of course not but we - going to the parks. no, of course not but we will. going to the parks. no, of course not but we will see going to the parks. no, of- course not but we will see how it unfolds and how it goes for disney going forward. thank you, we appreciate your input. thanks for being on the programm ....

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BBCNEWS World Business Report June 4, 2024 04:42:00

Been over the 70 times, heavenl ? , ~ , heavenly? yes, i think there is a aood heavenly? yes, i think there is a good deal heavenly? yes, i think there is a good deal of heavenly? yes, i think there is a good deal of realism - heavenly? yes, i think there is a good deal of realism coming| a good deal of realism coming into government stopping effect of the matter is those laws were accumulated over 45 years and suddenlyjust deciding to trash them, it s not good for businesses or consumers because they don t know where they stand and on the other side of the coin it is also very important, there has been a lot of government instability and if you now have a whole load of new laws which businesses are going to have to look at very closely to see how it affects them and then still not knowing with certainty what is going to be there, you are actually creating an environment which is really hostile to business investment and that s on top of all the tax measures. ﬁnd investment and t ....

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BBCNEWS World Business Report June 4, 2024 04:47:00

Everybody to make electric cars. , . ., ., cars. it is true. we have to co -e cars. it is true. we have to cope with cars. it is true. we have to cope with regulation - cars. it is true. we have to cope with regulation and i cars. it is true. we have to i cope with regulation and rules of all the countries we operate in. that is for granted. the point is that there is the technology evolving. you see what happened a few weeks ago, the carbon neutral. we develop hydrant and we develop electric car. you will be developing combustion engine cars, but here in the uk, those cars are going to be banned from 2035. that is that mean that at some point in the future, a large part of your range will be banned from the uk? they won t be sold here. we banned from the uk? they won t be sold here. be sold here. we will be coping with the opportunity be sold here. we will be coping with the opportunity of- be sold here. we will be coping with the opportunity of the - with the opportunity of the ....

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