All right, where do you want me . Bouncing on my knee where do you think i want you . And David Beckham makes his Big Screen Debut in king arthur but his cameo gets mixed reviews. Good morning. Its thursday 11th may. Im annita mcveigh. Welcome to bbc Newsroom Live. A draft of labours 51 page General Election manifesto has been leaked and seen by the bbc and a number of other news organisation. The leak came as the document was due to be formally signed off today. The document contains a number of eye catching policies including bringing the railways back into Public Ownership as franchises expire and repealing the 1993 railways act which privatised the network. Plans to reverse the privatisation of royal mail at the earliest opportunity. The reintroduction of Maintenance Grants for University Students and a pledge to abolish University Tuition fees. 0n energy the document includes a policy of creating at least one publicly owned Energy Company in every region of the uk, with public con
Goldman Sachs provides insights into the expected monetary policy paths of the Fed and ECB, predicting timeline for rate cuts and stabilization of policy rates. The Fed is forecasted to maintain current rates until 2024, while the ECB's rate cuts are expected to begin in mid-2024. Both central banks are projected to adopt a cautious approach in reducing rates.
wages, first of all, let me make one point. it s way better to have a job in which wages are maybe not going up relative to inflation than not to have a job. we have put 1.4 million people to work this year, almost half a million every month for nearly 13 months now. that s very important for people s ability to get by if they have a job. it is right that inflation is taking the better part of wage hikes away in terms of about a two percentage point gap, say, 7% or 8% inflation and 5% or 6% wage growth. that gap means wages are not keeping up with inflation. what has to happen is inflation has to come down. we re also going to have to get what we call an equilibrium rate with the new job market. people have dropped out. you have retirement. the second thing is the immigration level, the legal immigration level is way down. it began under trump. it has not been fixed by the
hurts the united states because it means there s jobs going offshore and we do have to finance that in some way, as you know. for china, it means there is a lot of hot money laying around, and there is bubbles that can pop up in real estate, and china s leaders, i think, over the long term want to increase their domestic demand. they need to increase the purchasing power of their consumers in order to do that. that means they need to raise the value of the currency. it s obviously not an e equilibrium rate right now, and though i do agree the united states is more cost competitive today than we were five or six years ago, i think we do have a long way to go. i think the voters already understand this. they realize and they want action on china, they want us to insist that china play by the rules, they want our political leaders to support american manufacturing. we see the president highlight