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BBCNEWS World Business Report July 7, 2024

hello and welcome to audiences in the uk and around the world. we start here in the uk where the bank of england is poised for the biggest rise in the cost of borrowing for 27 years to rein in the soaring cost of living. economists expect the central bank to raise its main interest rate by half a percentage point something it hasn t done in one go since 1995. that would take it to 1.75% the most expensive borrowing costs the uk has seen for almost a decade and a half with further steep rises expected. it comes as a leading think tank has warned inflation could hit 15% before it starts to ease next year. george buckley is chief uk & euro area economist at the investment bank nomura. i assume you are with the majority and you think is half a percent rise today is a given? i a percent rise today is a civen? ~ , a percent rise today is a civen? ~ , ., a percent rise today is a . iven? ~ , ., ., given? i think it is going to happen. given? i think it is going to h ....

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BBCNEWS World Business Report June 4, 2024 04:33:00

Difficulties in supplying the goods, it might be a bit tricky to get inflation down as quickly as they would like to come down. quickly as they would like to come down. with that in mind have energy come down. with that in mind have energy bills come down. with that in mind have energy bills going - come down. with that in mind have energy bills going up - come down. with that in mind | have energy bills going up and up have energy bills going up and up in the autumn and new year, there is a lot of information out there about how difficult it becomes and months ahead for the uk economy. what is your prognosis for possible recession, when that might happen, and the rest of this year and into 2023? i do think this is why year and into 2023? i do think this is why the year and into 2023? i do think this is why the bank year and into 2023? i do think this is why the bank of - year and into 2023? i do think| this is why the bank of england has to be careful on how much it lifts i ....

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