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Mortgages and loans payments for many people in the uk but it should also mean higher savings for some. The chancellor, jeremy hunt, says the governments plan to bring down inflation is on track. Well, of course any rise in Interest Rates is a worry for families with mortgages, for businesses with loans. Its tough news for any family that has a business or any business with a loan. But underneath these tickets is more encouraging news when it comes to the trend, what Bank Of England say today is when it comes to the battle against inflation from the government says we are reducing it solidly, consistently, robustly, and this time next year, their forecast is that it will be about two point 22. 8 , and weisbach significant . The target is to present, and once they get near their target, you can start to see how Interest Rate ....
one weekend in march, and now we ll see two cultures colliding. there are likely to be manyjob losses, staff will be bracing for those. however, as you say, the boss of ubs has said, look, we have a lot of opportunities here as well, and of course it does mean that ubs is able to access key markets in wealth management that it would have taken years to do had it not taken over credit suisse. and of course the deal reached with the swiss government effectively for the government to back around $10 billion of losses that it could see when it sells of chunks of credit suisse s business, will have helped sweeten this deal. it is going to have a fight on its hand but arguably, credit suisse s footprint does mean that that is probably going to be easier to at leastjoin the fight now that it has all of these assets under management and of course, has already established partnerships around the world. so certainly that will be the ambition. it s a big ambition. i don t think ne ....
we fail to pay our bills. we re going to come together because there s no alternative. we have to do the right thing for the country. we have to move on. those were president biden s comments on the debt ceiling negotiations just before he took off for the g7 summit in japan. we ll have the very latest on the budget talks and the president s trip overseas. he has arrived. good morning and welcome to way too early on this thursday, may 18th. i m jonathan lemire. because right now these are indeed live pictures from hiroshima, japan, where president biden is meeting with japanese prime minister kishida ahead of their bilateral meeting. g7 leaders are gathering there where they will likely focus on the war in ukraine and tensions in asia. the president, of course, had announced he was cutting short his planned trip to the pacific, no longer visiting papau new guinea or australia in order to get back on sunday to continue those debt ceiling negotiate asians. we ll bri ....
curry and lebron. they ve gone three out of four times in play-off series. it s gone to curry for the win. all have been in the finals when lebron was in cleveland. caitlyn and poppy, he is master of the mind he was seen smiling on the free-throw line during this game. he said attitude can manifest a lot of things. i want to live in the moment. he sure did that. the. yeah. it is when the chips are down, he said it s best. amazing. consider. i can t wait to watch later this week. cnn this morning continues right now. what is now the second biggest bank failure in u.s. history. the most of first republic bank is being bought by j.p. morgan chase. this is a bit of a seismic moment. these banks are not well regulated. they admitted it themselves. investigators continue this manhunt. they ve been searching for him since he was able to flee the scene. they do believe this man is armed and dangerous. this $80,000 is a real good motivator to have somebody turn h ....
about half the health trusts in england are affected by today s industrial action, but the rcn, has guaranteed a minimum level of cover, for intensive care and trauma units. a quarter of the trusts involved have also been given extra exemptions, for services like transplant and cardiac care, which means strikers can be called in, for emergencies. this latest 28 hour action ends at midnight, with the government saying it s pay offer, is fair and reasonable. here s our health correspondent, sophie hutchinson. they say cut back, we say fight back. nurses on the picket line once again. no nhs cuts. determined to have their voices heard, in this dispute over pay and conditions. i ve been a nurse now for 15 years, and it s just got worse and worse. the staffing is cut, our pay is cut, but patient care is always excellent, but we just strive and we give and we get nothing back. we re on strike because i have seen, over my entire career of more than a decade in the nhs, a progr ....