I strongly disagree with fitchs decision, and i believe it is entirely unwarranted. Its flawed assessment is based on outdated data, and fails to reflect improvements across a range of indicators, including those related to governance that weve seen over the past 2. 5 years. Other democrats used the downgrade as an opportunity to point the finger at republicans for their role in the recent debt limit fight. While republicans blame joe biden and democrats for trillions of dollars in new spending. Many economists dismiss the downgrade, including Jp Morgan Chase ceo jamie diamond, who called it ridiculous and said that the decision ultimately didnt really matter. And he may not be wrong. Us treasuries, that is government ious, remain the bedrock of the Global Financial system, despite this latest knock to the reputation. Expectations are high that it will raise rates again. If so, it could take the cost of borrowing up to a 15 year high. Consumer inflation has come down more than expected
Favour over the past month. Weve seen sterling rise that will help temper the Price Pressures from imports. Weve also seen other pressures in the markets where theyve been raising some questions about the Bank Of Englands credibility, as in Mortgage Rates going up without decisions being made that has all calmed down, too. And the public s expectations of where inflation is going, which were really very high, have now begun to temper. So thats also going in the banks favour. But a crucial issue is that they have raised rates by 5 the impact of that has really taken some time to filter through into the economy, there is sort of turning the type of rate rises on. Turning the tap. We are beginning to see the impact of that now weve seen in the Housing Market, weve seen it in some corporate insolvencies too. So that all leads back to this Balancing Act between crushing inflation, but avoiding a downturn its a tight rope and we are probably approaching the most narrow, trickiest part of tha
Of reppression directed at women by the morality police. So how should the uk interact with iran . Good evening. Donald trump will appear in Court Tomorrow, facing four counts of plotting to overturn the president ial result of 2020. The 45 page indictment, or charge sheet, accuses him of knowingly spreading Pervasive And Destabilising Lies about Election Fraud that threatened American Democracy. Mr Trumps Campaign has likened the allegations to the persecution inflicted in nazi germany. The former president has now been impeached twice, arrested twice and charged in three criminal cases in the other two, hes accused of mishandling secret documents and covering up a payment to a porn star. Heres our North America editor sarah smith on another unprecedented storm surrounding donald trump. Die hard Trump Supporters were anything but distraught as they learnt of the latest charges against him. These people do believe hes being unfairly persecuted, but also that he can beat the rap. Most p
food prices. the new border target operating model has three stages with the introduction of health certification on imports of goods seen as medium and high risk which includes meat and dairy products, as well as most plants will now require checks from health inspectors or vets before they can be transported. and there will be bigger changes coming from the end of april when these products will be physically checked at new border posts in the uk. then from the end of october, safety and security declarations for eu imports will come into force. it is a lot of new details that have importers worried. anna holligan went to meet one in the netherlands. this planter doesn t put two of the biggest diy stores, for some the rules are about to change. some the rules are about to chance. , , ., , some the rules are about to chance. , , . , change. this is what they call will be plans. change. this is what they call will be plans. because - change. this is what they call will b