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match finely balanced. - in for a thrilling day. the test match finely balanced. goodl in for a thrilling day. the test - match finely balanced. good morning. you have heard of shrinkflation, have you heard of drinkflation? some breweries are bringing down alcohol content to save money on tax. eltonjohn elton john appears at eltonjohn appears at glastonbury and it could be his last concert. it couldn t be a more perfect ending to play in britain. they have all these so kind at glastonbury and i m really looking forward to it. thundery downpours are pushing north eastwards. on either side, sunshine and showers. some of those will be heavy and thundery. i will have the details later. it s tuesday, the 20th ofjune. a massive search and rescue operation is under way for a small submarine that went missing during an expedition to explore the wreck of the titanic at the bottom of the atlantic. five people are on board, including the british billionaire hamish harding. the sub ....
a month ago we learned it had fallen to 8.7%, but food price inflation was over twice that, hurting many consumers even harder. one pizzeria owner, sergio from brighton, has been telling the bbc how inflation has been affecting his business costs that he has to pass onto consumers. we noticed that, after the first lockdown, let s say the tomato went from £20 per case to 25, and today reached £39 per case. bags of flour from £20, £21 per bag now we paid £32 per bag. another thing that is affecting is the salaries, as well the wages went up. the minimum wage is growing year by year. and this year, i think was 9% more for the minimum. so everything is affecting the price of our pizza. that is a business meant sharing impact on him. now, another area where many british households are facing the pinch is in housing costs. one mp is warning a mortgage time bomb is about to explode with mortgage rates rising. for those who are renting, many pay more still with t ....
who lost loved ones to the illness, or suffered with it themselves. the inquiry began last year, but today is the first public hearing, with evidence expected to be heard for at least three years. covid has been included on the death certificates of more than 225,000 people in the uk. with more details, here s our health correspondent catherine burns. headlines for you at six o clock this morning. nine dead and more than 400 infected with a mystery new virus in china. for many, this feels like a long time ago. the numbers were relatively small at first, but, within just two months, the impact was becoming clear. from this evening, i must give the british people a very simple instruction. you must stay at home. from lockdown to clap for carers, from rising death tolls to the first vaccines, we ve lived through several covid milestones. and, this morning, a new one the start of the next phase of the uk covid i9 public inquiry. in a preliminary hearing last year, the chair was ....
chair to powell made clear during his press conference with us inflation running still well above the bank? 2% target, and itsjob is not yet done. figs and its job is not yet done. as an one and itsjob is not yet done. sis anyone can and itsjob is not yet done. is anyone can see, not a single person wrote down a rate cut this year, not i think it is at all likely to be appropriate if you think about it. inflation has not really down, it has not so far reacted much to our existing rate hikes, and so we re going to have to keep at it. ~ .,, we re going to have to keep at it. most officials think two rate heights it. most officials think two rate heights are it. most officials think two rate heights are needed . it. most officials think two l rate heights are needed this year, perhaps starting as early as this month. wednesday s decision ushers in a new phase to battle prices and follows a path carved out by central banks in countries such as australia and canada whic ....
there was not a rate cut this year there was not a rate cut this year nor there was not a rate cut this year nor is there was not a rate cut this year nor is it likely to be appropriate if you think about it. inflation has not moved down it. inflation has not moved down and it is not reacted much to our down and it is not reacted much to our interview existing rate hikes to our interview existing rate hikes so to our interview existing rate hikes so we have to keep at it. most officials think two more rate hikes are needed this year, starting perhaps as early as next month. wednesday s decision ushers in a new phase in the fed s battle to lower prices and follows a path carved out by central banks in countries such as australia and canada, which recently announced rate hikes following a break. the latest decision by america s central bank comes at a time when inflation is slowing but not as quickly as the federal reserve wants. earlier, i spoke with blerina u ....