Change Interest Rates from five percent. The decision, expected at midday, comes after inflation, showing the rise in consumer prices, remained at 2. 2 Per Cent last month. The Central Bank in the united states lowered Interest Rates by half a Percentage Point Yesterday the first cut for more than four years. Lets speak to our Business Correspondent peter ruddick. What is the expectation with the Bank Of England . I knew you will ask me that. I am not a betting man but the one thing we can predict is it is going to be a close decision. The last time the nine Person Committee voted five to four, as close as you can get to cut Interest Rates last time to the 5 level they are now, a quarter of a Percentage Point change. Why will it be so although there is disagreement really among the committee and economic experts about how sticky, how stubborn Inflation Price rises are, there is agreement that the trend is Price Rises and the rate of inflation is coming down but relatively slowly, relat
The Prime Minister has warned that the budget this october will be painful, in his first major speech from no 10 since becoming Prime Minister. Speaking in the rose garden, he said his government had inherited a black hole in the public finances, of £22 billion. Those with the broadest shoulders should bear the heaviest burden, he cautioned, but he also said there would be big asks of everyone. The conservatives responded by saying the speech was an indication that labour had been planning tax rises all along. Vicki young has our top story. Blue skies and sunshine, but the Prime Minister didnt come here to paint a rosy picture. He has accused the conservatives of wrecking the economy, leaving him to put it right. There is a budget coming in october. And it is going to be painful. We have no other choice, given the situation that we are in. Those with the broadest shoulders should bear the heavier burden. I will have to turn to the country, and make big asks of you as well. Its already
That . ,. ,. , that . There will be discussions tomorrow that . There will be discussions tomorrow between that . There will be discussions tomorrow between keir that . There will be discussionsl tomorrow between keir starmer that . There will be discussions tomorrow between keir starmer and scholz, trade, military Security Priorities as well as migration are expected to be discussed, there may be discussions also about particular ukraine, germany like the uk has provided a lot of support to president zelenskyy and his country. There does seem to be a bit of a disagreement internationally over long range missiles being used in russia by ukraine, the us and germany seem to be less keen on that. France and the uk more keen, thats certainly something wed imagine keir starmer might want to talk about to try and persuade the german chancellor. Also migration, two leaders both Phase Challenges there. Particularly the chancellor after that terrorist attack. Certainly number ten is suggesting
And also Johnson Johnson, just releasing the results from its phase three trials. Saying in its announcement it is 66 Efficacy Rate overall. 85 against severe disease. Still notably lessective than the vaccines from pfizer and moderna. What does the biden team say about that . The White House Press secretary just said this morning that President Biden is encouraged by the data coming out from j j but also said that the politicians will leave it to the scientists who we should hear from any moment. While were standing by. Lets bring in Elizabeth Cohen following the latest developments. So on this announcement from Johnson Johnson, what are they saying . Basically the bottom line here, kate, is that this vaccine does work well against covid 19, this j j vaccine. Im going to jump in. Andy slavic, one of the members of the Covid Response team is beginning the briefing now. On both the successes and the hurdles we face. I hope on these calls, that the public will get a regular and consisten
Is also poised to go on trial. Many advisers to President Biden say what were seeing tonight in these duelling stories is verification, a validation of his view that the government and the congress can do more than one thing. Now President Biden is talking up this new relief plan. It passed this key vote in the senate. It passed in the house. It is on its way. Take a look. If i have to choose between getting help right now to americans who are hurting so badly and getting bogged down in a lengthy negotiation or compromising on a bill thats up to the crisis, thats an easy choice. Im going to act fast. Act fast. And the major breakthrough here came with an assist from the person you see right there, an allnight Senate Debate followed by Vice President Harris Casting her first ever tiebreaking vote. This occurred after 5 30 a. M. This morning. The Vice President votes in the affirmative and the concurrent resolution as amended is adopted. Heres what you need to know. This is the blueprint