We start here in the uk, where figures out earlier show the uk economy grew by 0. 2 between april and june following a rebound from an extra bank holiday for the kings coronation. Growth injune alone was stronger than expected at 0. 5 . High inflation remains a problem. The Bank Of England has raised the cost of borrowing 1a times since the end of 2021 to try and rein in soaring prices. So where is the Economy Heading . Were nowjoined by victoria scholar, who is the head of investment at interactive investor. Lovely for tojoin us lovely for to join us here on the programme. Not. 2 . Essentially, thatis programme. Not. 2 . Essentially, that is stagnation, isnt it . Actually, these figures are a bit better than analysts were expecting, both in the Second Quarter and in june we saw particular strength in the construction. Injune we saw a bounce back in manufacturing, publishing, so things like books and magazines also fare pretty well, and car sales have been benefiting from the fact the
You expecting . I think there will be a rate rise and everyone you expecting . I think there will be a rate rise and everyone is a rate rise and everyone is expecting 0. 25 from the bank today. The challenge it has is that its looking at what inflation has already done and we know Interest Rate rises take quite a while to filter through. Rate rises take quite a while to filterthrough. Is rate rises take quite a while to filter through. Is any danger here that rates go too high and therefore strangle the economic recovery . There is always a risk when putting Interest Rates up, its a really hard job to do. To know that when youre putting your foot on the accelerator that is going to do the right thing because there are lots of lags in how long it takes. In general, you get the sense of the Bank Of England and the message, they are more concerned about doing nothing, they feel that they can dial back on that a little bit more than letting inflation continue to persist. Obviously, the ris
queen elizabeth sent her congratulations to the england team. she said they ve set an example for girls and women today, as well as for future generations. also on the programme: us house speaker nancy pelosi prepares for a tour of asia amid intense speculation over whether she ll anger china by visiting taiwan. fidel ramos, the former president of the philippines, now seen as one of the most effective leaders the country ever had, has died. frequencies open, sir. and the american actress nichelle nichols, best known for her groundbreaking role as lieutenant uhura in the original star trek, has died age 89. live from our studio in singapore, this is bbc news. it s newsday. hello and welcome to the programme. england have won the european women s football championship, beating germany 2 1 at wembley. the lionesses had never won a major trophy before and this is the first football honour for the nation since the men s world cup victory in 1966. a crowd of almost 90,000 people
absolutely brilliant. cannot believe it. 2-1, absolutely brilliant. cannot believe it. 2-1, england, i absolutely brilliant. cannotl believe it. 2-1, england, get believe it. 2 1, england, get in! in other news us house speaker nancy pelosi prepares for a tour of asia amid strong warnings from beijing not to visit taiwan. the office of the prince of wales has insisted that all rules were followed when the prince s charitable fund took a donation of a millon pounds from the bin laden family of saudi arabia. hailing frequencies open, sir. and the american actress, nichelle nichols, best known for her ground breaking role as lieutenant uhura in the original star trek, has died, age 89. thanks forjoining us. if you haven t heard by now, england have won the european women s football championship beating germany 2 1 at wembley. the lionesses, as they are known, had never won a major trophy before and this is the first senior football honourfor england since the men s world c
2 1, england, get in! in other news us house speaker nancy pelosi prepares for a tour of asia amid strong warnings from beijing not to visit taiwan. hailing frequencies open, sir. and the american actress, nichelle nichols, best known for her ground breaking role as lieutenant uhura in the original star trek, has died, age 89. england have won the european women s football championship beating germany 2 1 at wembley. the lionesses as they are known had never won a major trophy before and this is the first senior football honour for england since the men s world cup victory in 1966. a crowd of almost 90,000 people were at the stadium, with millions more following the game on television and radio. mark lobel reports. a euphoric moment for english sport with a pitch perfect performance from the lionesses, bringing football in front of a record crowd of over 87,000 at wembley and many more watching on around the country and world. let s hear it for england! cheering. i said t