studies reveals two thirds of people recently infected with omicron say they have had the virus before. pcr tests of about 100,000 volunteers in the react study also showed that1 in 23 people had covid in the first three weeks of january. the uk and us threaten sanctions against russia, if president putin decides to invade ukraine. and in northern ireland, proof of covid 19 status to enter bars, restaurants and cinemas will be scrapped later today as restrictions begin to ease. and also coming up this hour.. the siblings who have been separated while in the care system calls for a new law to keep them together. i m ben brown live in downing street. the official inquiry into gatherings at downing street and in whitehall during lockdown is believed to be complete and could be submitted to number 10 within hours. it s understood the senior civil servant, sue gray, has evidence including photographs and whatsapp messages, and wants the report to be published in full. borisjoh
welcome to the programme. amid the turmoil in uk markets this week, the chancellor met the us banks today and was told in no uncertain terms that his budget which he has planned for november is way too far away . the government needs to communicate much sooner, said the banks, on what the solution will be to the problem the city believes they created. it has been another chaotic day on the markets. this morning, the bank of england performed a screeching u turn, putting the brakes on its plan to sell government bonds and instead launching a new scheme to buy them. think of it as a form of digital money printing. the bank is creating funds to to buy bonds which the government issues to borrow money. and this is why. since the mini budget, the cost of government borrowing long term has shot up. it was spiralling above 5%. that s a 20 year high. we have seen rises in the last two days that would normally take years. the bank of england is buying up the debt, in essence creating
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