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hello and welcome to bbc news. i have the top stories. with british supermarket prices spiralling fast, rishi sunak is promising more seasonal visas for farming. promising more seasonal visas forfarming. that promising more seasonal visas for farming. that story coming up for farming. that story coming up later on. but first, one of the world s biggest car makers, stella ntis, which produces vauxhall cars here in the uk, has urged the government to renegotiate part of its eu trade deal or run the risk of making the business unsustainable. stellantis, whose brands also include peugeot, citroen, chrysler and fiat, says its concerns are related to electric vehicles. stellantis says the surge in the cost of raw materials has made some of the conditions of the post brexit deal signed in 2020 are no longer achievable. our economics editor faisal islam has the story. electric vehicle manufacturing is supposed to be the future of the car industry, replacing these conventional c ....
This, this economy, the capital markets, let me just be real clear. if there was any real possibility of default, of which there is zero, be clear about that, zero, bond markets would be going bonkers right now, and they are not. the us ten year bond is very stable at 3.5%, uk should be so lucky, and the fact is the us stock market has been awfully stable for the last couple of months. the fact is default, and you defined it correctly, but most people don t, default is when the government can t pay off its principal debt or interest payments. the government revenue this year will be 4.8 trillion dollars. the government interest payments are less than 10% of that and the government can keep rolling over x debt under the debt ceiling. what they really mean when they are saying this is ....