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BBCNEWS Outside Source July 6, 2024

we start here in the uk, where the bank of england has raised interest rates to their highest level for m years. the increase will leave millions of households facing higher mortgage payments at a time when many people are already struggling with crippling energy and food bills. the bank has raised rates by half a percentage point, to 4%. the aim to make it more expensive to borrow and spend so businesses and households rein in, meaning less upward pressure on prices. uk inflation eased slightly in december but was still at 10.5%, close to the highest level in a0 years and more than five times the bank of england s target. the bank governor said inflation had turned the corner, but the battle against surging prices wasn t over yet. we have done a lot on rates already. the full effect of that is still to come through. but it is too soon to declare victory just yet. inflationary pressures are still there, and we can see that in the data and we hear it from our agents. and we ....

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BBCNEWS Outside Source June 4, 2024 19:40:00

Workers a pay rise in line with inflation. the oil and gas industry has always been a rich but it is particularly shocking to see shell and other oil and gas companies raking in such huge sums in the midst of an energy affordability crisis here in the uk that has obviously pushed millions of families into poverty. it is important to recognise shell is richer because we are all poorer. let s talk about this because they say they are paying tax, do to pay $134 million in uk windfall tax for 2022 and more than 500,000,020 23 and i know it is billions instead of their profits but they say they would drive only about 5% of its revenue from the uk. the rest is made and taxing otherjurisdictions. how are you suggesting that that be ....

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