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wherever your arejoining me from around the world, once again a big hello and warm welcome to the show. you know, across the world s most powerful countries, the cost of borrowing money has been going up. central banks, they ve been raising the interest rates to tackle inflation. and while banks have been lightning fast in passing on those rising rates to those who borrow from them, those who save with their banks, well, they ve not been seeing the same immediate reaction. if they want higher rates, they often have to shop around and move their money. in the united states, the world s biggest economy, you can see the difference. the average interest rate for someone wanting to take out a 30 year mortgage is around 7%. but the average rate for savers? it s a lot less. just 0.35% a year. so, if you put $1,000 into the bank, you would earn just $3.50 in interest. in europe, it s a similar story. the average interest rate you have to pay if you want to borrow money to buy a ....
they have got this one badly wrong and now they are very, very exposed as is the government. the bbc has apologised for its limited sports programming this weekend after several tv and radio shows have been cancelled, as controversy continues over the corporation s decision to take gary lineker off match of the day. the presenter will not be hosting the programme tonight after criticising the government s language about migrants on social media. a number of presenters and pundits decided not to take part in some shows, in solidarity with gary lineker. football focus and final score were among those pulled and radio 5 live has also faced disruption to its schedules. a bbc spokesperson said it s working hard to resolve the situation. our media correspondent david sillito reports. when gary lineker left home this morning, it wasn t his normal saturday schedule. the decision by the bbc to drop him from match of the day for tweets one of which described a statement by ....
But those with savings haven t seen the same consistent increase in what they get paid for putting money in the bank. so, why not? i m going to be discussing it with these three, there they are, matthew plosser from the new york federal reserve, liz lumley from the banker magazine and frederick mallerfrom university college london, who thinks central banks should consider more radical steps to get the banks to pass on better deals for savers. plus, the boss behind the trains of tomorrow. my interview with the global ceo of one of the world s biggest train and tram makers, on the future of transport across the world. ....