44 year old man has been arrested on suspicion of wounding with intent to cause grievous bodily harm. The xl bully dog was destroyed at the scene. Police say in order to make sure the safety of the public. We will bring you many developments. Lets turn to the conservative Party Conference in manchester where in just over an hours time, the Prime Minister is expected to confirm that the part of europes biggest Infrastructure Project the h52 high speed rail line connecting london to the north of england will not be built as planned. Costs have risen and the train line, which is already being built from london to birmingham, will not continue onto manchester. Hs2 trains will still run to the city, but on slower existing tracks, defence secretary grant shapps said earlier. The route from birmingham to leeds has already been scrapped. Lets get more reaction about the future of the h52 rail link. Frances read is at euston which is the designated terminus in london. What has the response been
For the Us Government to borrow money for 30 years. The big spike at the end is the concern. That is the cost of borrowing over 30 years. The Us Government is being forced to pay more as investors worry they will lose out when compared to the returns they can get from those higher Interest Rates. Its a similar story in the uk where like other governments there will be concern in the corridors of power that it costs more to pay off the National Debt and so there is less cash for other things. Simon french is Chief Economist at the uk Investment Bank Panmure Gordon and i asked him to explain to me what is going on. Your summary was pretty accurate. The higher for longer Interest Rate environment is spooking investors who have been for at least 15 years of the view that Central Banks have their back in terms of keeping Interest Rates low, but also buying Government Debt, quantitative easing, money printing, which many viewers have been familiar with over the last 15 years, has gone into r