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Transcripts For BBCNEWS World 20240705



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 st ....

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Transcripts for BBCNEWS World Business Report 20240604 13:34:00

Arejust like high holds households. when they have to refinance their loans, a lot of businesses borrow from banks, and they will have to pay high interest rates, so the are squeezed from all sides, these businesses. find rates, so the are squeezed from all sides, these businesses. sides, these businesses. and be doinu sides, these businesses. and be doing better sides, these businesses. and be doing better or sides, these businesses. and be doing better or worse sides, these businesses. and be doing better or worse in - sides, these businesses. and be doing better or worse in the - sides, these businesses. and be doing better or worse in the uk, i doing better or worse in the uk, when compared to other major economies, when it comes to bringing down the rate of inflation? that economies, when it comes to bringing down the rate of inflation? down the rate of inflation? that is the thin , down the rate of inflation? that is the thing. that down the rate of inflation? that ....

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