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BBCNEWS World Business Report July 7, 2024

time now to get down to business. let s start here in the uk where prime minister liz truss has been announcing her new cabinet. she has been busy into the late hours. she s decided to give kwasi kwarteng the second most powerful role in downing street after appointing him as new chancellor of the exchequer. mr kwarteng has a tough job on his hands and takes over at a critical time for the uk economy with millions looking to him for help with soaring winter energy bills. so, what about the man himself? he attended the exclusive private school eton college and went on to graduate with a double first from cambridge university in classics and history. kwarteng then went on to work as a columnist for the daily telegraph and a financial analyst at banks, includingjp morgan. more recently, he was appointed as business secretary in 2021, replacing alok sharma in the borisjohnson government. that is a short synopsis. joining me now is fiona cincotta from city index. nice to see ....

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BBCNEWS World Business Report June 4, 2024 04:50:00

That either increases or decreases inflation, the fed is a to offset that with an adjustment of monetary policy. have to amend that and the fed doesn t necessarily offset all changes in inflation. they do allow what they call supply side adjustments on supply side adjustments on supply level and focused mainly on demand side inflation. if the policy successful in reducing inflation from the supply side, it could theoretically reduce inflation a little bit. maybe the drug pricing area is one area where it could have a small dollar effect on inflation.- effect on inflation. when it comes to effect on inflation. when it comes to this effect on inflation. when it comes to this so-called . comes to this so called inflation reduction act, a lot of it is dependent on very long term policy changes, isn t it, and if there is a change of government at the next election could notjust be unpicked? yes, i think that is the case. i don t know exactly which provisions could be reversed but in rec ....

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