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Transcripts For BBCNEWS Nicky Campbell 20240706

not, on the money, albeit less of it? last year you may remember that the governor of the bank of england andrew bailey told you not to ask for big pay rises to stop prices rising out of control. they are perhaps not so much happened as of doom and bust but of truth. they worried about and in inflationary spiral where prices push inflation out of control and uk inflation of course running around 10%, food inflation much higher than that, thatis inflation much higher than that, that is around 17%, 18%. of course workers across the public sector right now are involved in industrial action over pay rises. so is mr pill right? do wejust action over pay rises. so is mr pill right? do we just need to get used to being poorer? do you accept being poorer? let s talk. get in touch. and here is the news. the government says that over 200 british nationals have been airlifted out of sudan so far. three raf planes have already touched down in cyprus and more are expected to follow. evacu

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Transcripts for BBCNEWS Nicky Campbell 20240604 08:13:00

Interest choose to cut our incomes by ink interest rates. it is entirely untrue interest rates. it is entirely untrue that we have entered the era of low untrue that we have entered the era of low interest rates. it is a stupid of low interest rates. it is a stupid political choice, it does not control stupid political choice, it does not control inflation. because you can t control control inflation. because you can t control the control inflation. because you can t control the price of oil and gas coming control the price of oil and gas coming out of russia by changing the interest coming out of russia by changing the interest rates in the uk. so it can t interest rates in the uk. so it can t control inflation but it has massively can t control inflation but it has massively redistributed wealth upwards in our society from those who borrow upwards in our society from those who borrow to those who save. and that is who borrow to those who save. and that is against

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