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Quite simply they are doing this because of inflation and the rate of Price Increases and the International Comparisons are clear, although inflation is falling, in the uk it is not falling by as much or down to as low a level as it is elsewhere in europe in the us, and the us, and the bank has been talking up food prices and the amount we pay for services and the speed that wholesale, lower wholesale prices are being passed through the supply chain to us. The bank talked about crystallising risks, essentially the fear that when it comes to private sector wage growth, rings might be becoming embedded so they argued they needed to continue acting despite the impact it will have on households and businesses and we know the impact it will have on uk households and Mortgage Holders and also those ran singh. Als ....
Higher savings for some. In the last half an hour, weve had this reaction to the rate rise from the chancellor, jeremy hunt. Well, of course any rise in Interest Rates is a worry for families with mortgages, for businesses with loans. But underneath that decision is a forecast that says that this time next year, inflation will be 2. 8 and we will have avoided recession. What the Bank Of England governor is saying is that we have a plan that is bringing down Inflation Lay solidly, robustly and consistently. So the plan is working but what we have to do as a government is make sure we stick to that plan and dont veer around like a shopping trolley. We stick to that plan so that families and businesses can start to feel the benefits of that plan actually working. So, jeremy hunt says the government is sticking to its plan. ....
Courtroom today. I know its still wednesday where you are, but of course thursday, he will appear. But of course thursday, he will a ear. ~ , but of course thursday, he will auearr , appear. Were ust about technically appear. Were just about technically thursday. Appear. Were just about | technically thursday. The apartment midnight here in washington, so yes for us, but later. The clock went midnight. Donald trump is expected to appear in person. That might not surprise you because in previous cases, hes wanted to be seen turning up at court. Hes wanted to be there in the public spotlight. He does tend to use campaign. Heres what the choreography looks like. As a massive security operation. Normally there wouldnt be a president , but there is from the former president there wouldnt be a precedent. They need to make sure the media is safe reporting, and the man is safe. They will read the charges out against him and they will ask him to enter a plea of guilty or not guilty. He will b ....