prices will stay high for longer. and we take a look at the biggest deal in golf, ahead of a us senate hearing into the pga liv merger. welcome to world business report. let s start here in the uk where the government is facing another big setback in its battle against inflation. new data show that average wages have risen at a record annual pace of 7.3% in the march to may period, compared with the same period last year. british headline inflation is running at 8.7%, staying higher for longer than many had forecast. and there are concerns that after 13 consecutive interest rate rises, that the bank of england could need to raise it even further to bring price rises under control. let s hear now from janet mui, head of market analysis at rbc brewin dolphin. thank you for being with us. inflation has not been coming down at the expected pace. what does this data signal about how things could pan out? good afternoon. thank you for having me. which group is still pretty strong,
in their latest t20 match fresh hope for the world s largest colony of gannets off the east coast of scotland after thousands died last year from bird flu. good morning. we have some heavy and persistent rain coming into northern ireland as we go through today and then later into western scotland. a few scattered showers around but for many we will have a dry day with some sunshine, especially in the south and east. i will have all the details throughout the programme. good morning. it is thursdayjuly the 6th. our main story. the bosses of the four biggest banking groups are meeting the financial watchdog today to discuss concerns that interest rates on savings accounts aren t increasing as quickly as those for mortgages. the banks have denied accusations from mps that they ve been profiteering. our cost of living correspondent, colletta smith, reports. bank customers are feeling the pressure charged lots to borrow money, but given very little reward to save it. so today,
space with afghan women where we could interact with them away from the scrutiny of the taliban. i remember we chatted, we laughed, we had a cup of tea. we got manicures done. we took a photo of of what our nails looked like afterwards, we saw a bride getting ready for her wedding. for that one hour, ifelt like i could be anywhere in the world away from the reality that awaited these women when they stepped outside of the salon into a world where girls are barred from secondary schools in most provinces, where women can t attend university, where women can t work for domestic or international ngos, they are barred from parks, swimming pools, gyms, public baths, where if they have to travel long distances they have to be escorted by a male relative, where they re expected to wear clothing with only their eyes visible. and for this latest restriction, the taliban aren t even giving a reason, especially and women are asking, this was a female only space. there s no interaction b
here s where the bank s base rate stands at the moment at 5.25% it is the highest in 15 years. the bank has raised the cost of borrowing fourteen times to try and tame soaring prices but inflation has eased sharply in recent months and the expectation now is that rates may soon start to come down. however, for those in the uk hoping for cheaper mortgages and loans there was something of a bad omen in the us, where the chair of the federal reserve seemed to dash expectations of a rate cut next month. as michelle fleury reports. the fourth meeting in a row, the federal reserve did not raise interest rates. this is the longest pause since policymakers began their aggressive rate campaign to tame inflation back in march of 2022. but for rate weary americans, well, they will likely have to wait a few more months to see any relief, given these comments by the federal chair. based on the meeting today, i would tell you that i don t think it s likely that the committee will reach a