if you have just joined if you havejustjoined us it is time for the top business stories. we start here in the uk where in the next few hours the bank of england is widely expected to raise the cost of borrowing for the twelfth time in a row. the quarter percent rise most economists are predicting would take the bank s main interest rate to 4.5% the highest it has been in almost 15 years. the big question though will it be enough to start to get inflation, which is still running at more than 10% a year, under control? let s speak to katharine neiss she has held various roles at the bank of england and is now chief european economist at p gim fixed income. good to have you on the programme. iassume good to have you on the programme. i assume you are with the majority believe we are looking at a rate hike today of another 25 basis points. today of another 25 basis oints. . , today of another 25 basis oints. . , ., , points. that s right, that s the consensus p
everybody to make electric cars. , . ., ., cars. it is true. we have to co -e cars. it is true. we have to cope with cars. it is true. we have to cope with regulation - cars. it is true. we have to cope with regulation and i cars. it is true. we have to i cope with regulation and rules of all the countries we operate in. that is for granted. the point is that there is the technology evolving. you see what happened a few weeks ago, the carbon neutral. we develop hydrant and we develop electric car. you will be developing combustion engine cars, but here in the uk, those cars are going to be banned from 2035. that is that mean that at some point in the future, a large part of your range will be banned from the uk? they won t be sold here. we banned from the uk? they won t be sold here. be sold here. we will be coping with the opportunity be sold here. we will be coping with the opportunity of- be sold here. we will be coping with the opportunity of the - with the opportunity of the
wear properly. i think people will begin to accept them. nature provides just about everything we need. we don t have to make nylon and plastics and other things if we can figure out how to use what nature has provided us we have seen this come full circle with the clothing going back to natural plant-based products. kristen: you raised a good point about the technology evolving. there is that fake leather that looks so real, that stella mccarthy is doing something with it. dan: as people get used to it, it will become more accepted. a fedex truck set a record for the longest distance, 260 miles, from new york city to washington dc. an actual delivery was made.
when it comes to musical superstars, they don t get much bigger than bjorn ulvaeus of abba. he was talking to us about a new software solution. more on that in an upcoming episode. but i took the opportunity to ask his wider opinion on tech and music. we ve seen technology evolving in music over the years. i wondered what your reflections on technology being used in modern music are? you know, when benny andersson and i were in the 70s, we used to be in one little room, in a cubicle with a stand up piano and an acoustic guitar and two guys singing some kind of gibberish. pop, english, swedish something. no recordings of that! 0h, shame! but to get a kick out of that, there had to be a really good melody.
things are getting better, his numbers are going to prove. you and i know, the better people feel about their situation, better people feel about going forward, the more likely it is politicians or those up for re-election will be re-elected. this president has a new advisor. after the election his new advisors called the american people. when you grade my grades for the president are achs based on this last two-month surge as anything else. the op-ed yesterday in the wall street journal, yesterday and the day before the days are running over for me regarding regulatory reform and calling on agencies to look at those things that are redundant, those things that hurt the economy, fda and epa, fcc, broadband internet so critical, technology evolving at such a fast rate. these are the kinds of things that will help sustain and help grow the economy. we have a lot to get through this. let s try to get a couple