welcome to the programme. there are tentative signs that inflation is coming under control, and the recession forecast last year will be shallower and shorter than expected. butjust to make sure, the central banks are raising the interest rates again. yesterday it was the fed, today the bank of england increased the base rate, half a point, to 4% the highest it has been in m years. we think inflation will come down rapidly, and a lot of that is down to energy prices, which have fallen rapidly. but i m afraid there are big risks out there which mean that it may not happen in that way. yet we re still seeing stronger pressure from price and wage setting in the economy in the question is, will that start to ease off? coinciding with the bank s decision came a profit announcement from shell and a rather blunt illustration of why we re all getting poorer. the oil and gas giant has reaped profits of £40 billion last year. the taxman has reaped far less. shell said it paid $1
but russia s president putin says the missile strike is retaliation for what he called a terrorist attack by ukraine on a key bridge in crimea. chancellor kwasi kwarteng has agreed to bring forward the publication of his economic plans to october 31st. criminal barristers in england and wales have voted to suspend strike action after accepting a government pay offer. hello and welcome to bbc news. russia has carried out a series of missile strikes on cities across ukraine, in the most widespread bombardment since the early weeks of the war. the capital city of kyiv has been targeted for the first time in months. and there have been explosions in other cities including lviv, dnipro and zaporizhzhia. ukraine says at least 11 people were killed and 64 injured in the attacks. vladimir putin says the strikes are moscow s response to an attack over the weekend on a strategic road and rail bridge from russia to occupied crimea. the russian president says that was an act of terrorism
Secretary defended the regulators decision. The secretary defended the regulators decision. , , decision. The gas will be used domestically decision. The gas will be used domestically as decision. The gas will be used domestically as it decision. The gas will be used domestically as it has decision. The gas will be used domestically as it has been i decision. The gas will be used | domestically as it has been set decision. The gas will be used domestically as it has been set out. In terms of the oil, it gets exported initially but overall, the uk is a net importer of oil. So this is an important thing that has happened today. It is good for Energy Security. It is good forjobs and investment in this country and overall, it means lower emissions. It gets refined abroad but overall, the uk is a net importer of oil so we need oil and gas in the future and it is important that it is produced here because that means jobs and investment here in the uk. As i said, in a moment we will explore s
science. hello and welcome to the programme where we will bring you the top stories from right around the world. we are starting with developments in gaza. khan younis specifically. israel saying it is taking aggressive action there. also saying it is making maximum effort to protect civilians. we are getting pictures from inside the hospitals. take a look at these. there have been patients being brought in this is after air strikes overnight. reports of tanks being used seen on the outskirts of khan younis. we also have had requests and messages from the idea. israel defense forces releasing images such as this one asking people to stay away from certain areas and evacuate from others. our correspondent paul adams will be giving his analysis of that in just will be giving his analysis of that injust a moment. among those injured in the bombardment of khan younis is this two month old. pictures here coming in from reuters news agency this afternoon. his father since his son w