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favour over the past month. we ve seen sterling rise that will help temper the price pressures from imports. we ve also seen other pressures in the markets where they ve been raising some questions about the bank of england s credibility, as in mortgage rates going up without decisions being made that has all calmed down, too. and the public s expectations of where inflation is going, which were really very high, have now begun to temper. so that s also going in the bank s favour. but a crucial issue is that they have raised rates by 5% the impact of that has really taken some time to filter through into the economy, there is sort of turning the type of rate rises on. turning the tap. we are beginning to see the impact of that now we ve seen in the housing market, we ve seen it in some corporate insolvencies too. so that all leads back to this balancing act between crushing inflation, but avoiding a downturn it s a tight rope and we are probably approaching ....
as the difficult post covid recovery continues to weigh on demand. so that s the picture on the factory floor when it comes to what consumers are facing when buying goods and services the consumer price index was unchanged year on year, compared with a slight gain in may, the slowest pace since february 2021. the us treasury secretary janet yellen has just left beijing following a four day visit in an attempt to bridge us china trade relations. she told reporters just before leaving china that despite significant disagreements, the relationship between both countries was moving towards a surer footing. my my purpose is to make sure that we do not engage in a series of unintended escalatory actions. that will be harmful to our overall economic relationship. with one another. and we have had very little contact, both senior officials and also just the american people and the chinese people, have had very little contact with one another over the last several years. in ....
hello, i m sally bundock, here with your top business stories. let s start with oil, because crude prices have risen some 2% after saudi arabia and opec plus countries announced they would be cutting production to stabilise oil prices. saudi arabia said it would make cuts of one million barrels per day injuly, which is around 1% of global supplies. opec plus countries which account for around a0 % of the world s crude oil said they would cut production by some 1.4 million barrels per day from the start of next year. but not all members of the cartel were happy, with nigeria and angola both wanting to raise production rather than cut it. joining me now from vienna is cornelia meyer, who s the ceo of meyer resources. always lovely to see you. talk to us about these announcements. were you expecting these new cuts to come? i expecting these new cuts to come? . , , . ., come? i was expecting them and ou come? i was expecting them and you know. come? i was expecting them and ....
plans forjune and july. if anyone is worried now, what plans forjune and july. if anyone is worried now, what are - plans forjune and july. if anyone is worried now, what are the - plans forjune and july. if anyone l is worried now, what are the rules about how long you have to go on your passport expiry before you are allowed to travel? allowed to travel? these have changed. allowed to travel? these have changed. of allowed to travel? these have changed, of course, allowed to travel? these have changed, of course, very - allowed to travel? these have | changed, of course, very much allowed to travel? these have - changed, of course, very much around the brexit period and in recent months. really, you need to make sure that you have at least six months on your passport. it differs depending on the country you re going to, and also your age, the age of the passport holder. to be on the safe side, you should always make sure you have got at least six months left o ....
fall in living standards since the 19505 and predicted house prices will drop by 10%. tonight we ll look at the key measures unveiled by the chancellor. as he tries to get more people into work 30 hours of free childcare is one of them. it s being expanded in england to cover one and two year olds. we can t afford to be able to put her in nursery for several days a week, so i can go back to work. so it is quite difficult really. this announcement sounds promising. there ll be changes to the benefit system with tougher sanctions for claimants who won t get a job. promoting nuclear energy it s being reclassified as environmentally sustainable to drive more investment in the sector. and stay with us on bbc news for continuing coverage and and coming up on the bbc news channel: he admits that chances are channel: he admits that chances are wafer thin, butjurgen klopp says liverpool will have a go at overturning a 5 2 deficit in their champions league last the chancellor, jere ....