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Transcripts For BBCNEWS World Business Report 20240707



we start here in the uk, where the bank of england has raised the cost of borrowing to its highest level in 13 years. the quarter of a percentage point rise, to 1.25%, was less than some were expecting. but financial markets are now betting uk interest rates will have to rise a lot further from here, to get control over soaring inflation. the worry is, too steep a rise in borrowing costs could tip the economy into recession. and the warning signs are already there. our economics editor faisal islam reports. on faisal islam reports. the outskirts of doncaster, a on the outskirts of doncaster, a successful business, the crown hotel, grappling with energy, food prices and wages going up at the same time that household income is being squeezed and now a relentless run of interest rate rises to hit some buyers on variable rate within hours. hit some buyers on variable rate within hours. with got a mortgage rate within hours. with got a mortgage and rate within hours. wi ....

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Transcripts For BBCNEWS Verified 20240703

Known as raac a type of concrete, thats known to be at risk of crumbling. Meanwhile, in the last couple of hours another twist with the Education Secretary caught on camera voicing her frustrations about the media coverage. This is Gillian Keegan, after an interview with itv news. Does anyone ever say, you know what, youve done a bleep good job, because Everyone Else has sat on their and done nothing . No signs of that, no . The footage was captured by itv news as the Camera Repositioned for extra shots at the end of an interview with the minister, while she was still wearing her microphone. In the last hour or so, Gillian Keegan has given another interview, apologising for those comments. Have apologi ....

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Transcripts For BBCNEWS Nicky 20240703

You got to say . Everybody is welcome. Your phone or needs you. Get in touch. Text and call. The Text Messages are coming in already. Now the news. Former top Civil Servant at the Department For Education says the budget for repairing schools with failing concrete was halved. Jonathan slater said it was frustrating that funding was only given a50 schools after a by rishi sunak. The government says it will do whatever it takes to fix the problem. Keir starmer is expected to reshuffle his cabinet today, although most senior roles will be unchanged. Former Civil Servant sue gray is set to begin her role as chief of staff. The First Supplies of the weight loss jab wegovy is arriving in the uk. It will be ava ....

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Transcripts For BBCNEWS The 20240703

The man who used to be the Department For Educations most senior Civil Servant reckons he did. I was absolutely amazed to see that the decision made by the government was to halve the School Rebuilding programme down from 100 a year to 50 a year. The chancellor, of course, was at the time . Rishi sunak. So, what does the Prime Minister make of that . I think that is completely and utterly wrong. Actually, one of the first things i did as chancellor in my first Spending Review in 2020 was to announce a new ten year School Rebuilding programme for 500 schools. Now, that equates to about 50 schools a year that will be refurbished or rebuilt. A ....

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Transcripts For BBCNEWS Politics 20240703

Of the increasing Fraud Divisions in geora ia . ~ of the increasing Fraud Divisions in georaia . ~ i. Of the increasing Fraud Divisions in georaia . ~. , of the increasing Fraud Divisions in georaia . ~. ,. , georgia . Thank you for having me here. Unfortunately, georgia . Thank you for having me here. Unfortunately, for georgia . Thank you for having me here. Unfortunately, for the georgia . Thank you for having me | here. Unfortunately, for the second time cover the government has decided to challenge the people of georgia. They have sent a bill in parliament already and it did not work. The government was forced to withdraw so at the beginning of april, became rep with legislation which basically is an exact copy of the one adopted in 2012 by the
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