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the annual rate at which prices have been going up. inflation peaked at more than 10% last year, forcing the bank to raise interest rates aggressively to try and bring it under control. but it has since fallen sharply. and on wednesday, official figures showed it was down to 3.9% in november, the lowest rate in 2 years, and far lower than expected. that s raised hopes the bank of england will be soon able to start cutting the cost of borrowing, easing pressure on businesses and households. here s our economics editor, faisal islam. arp and now sharply down. over the past year, inflation in britain seemed like a runaway train. but it s now coming into land faster than expected. here and beyond. it has been a hard year or two for her with hundreds closing and some say prices are now stabilising. inflation is definitely killing us. the rise has gone up 15%. and behind you? us. the rise has gone up 1596. and behind you? up-and-down, i remember and behind you? up-and-down ....
are the latest shipping companies to abandon the red sea area. the suez canal handles more than a tenth of the world s trade, but it s particularly vital for the movement of goods between asia and europe. the alternative is a long and expensive detour around the cape of good hope at africa s southern tip. because of the disruption, the cost to ship a container from china to the mediterranean has risen 44% this month alone. that s according to the online shipping marketplace, freightos. swedish homewares giant, ikea, is just one of the companies now warning of delays and possible availability issues for some of its products. shops in europe are already well stocked for christmas, but logistics experts warn there could be shortages in the new year if the crisis continues. we ll hearfrom one of the shipping companies in the moment, but first, let s get the background from our analysis editor, ros atkins. on the 19th of november, houthi rebels from yemen was an attack on th ....
we start here in the uk because in 90 minutes time, we ll find out if inflation is continuting to fall. the rate at which prices are rising fell to 4.6% in the year to october, down from 6.7% the month before. that sharp fall was due to cheaper energy prices and declines in oil and gas prices might bring the headline rate of inflation even lower in november, with economists estimating 4.3%. in a bid to curb inflation, the bank of england has increased interest rates to 5.15%. some of you know that only too well. live now to kallum pickering, senior economist at berenberg. good morning to you, it s been a while. give us your take on inflation today, will go in the direction we wanted to? yes, it robabl direction we wanted to? yes, it probably will direction we wanted to? yes, it probably will fall direction we wanted to? yes, it probably will fall as direction we wanted to? yes, it probably will fall as you - probably will fall as you mention, a5 seem to be the est ....
at her own wedding in 2018. now, she lives in exile, forced out of austria, she says, by death threats. what does her story say about vienna s close ties to moscow and the impact of austria s neutrality? karin kneissl, in northern lebanon, welcome to hardtalk. thank you very much for your invitation, mr sackur. well, it s a pleasure to have you on the show. i think we have to start with this question about your location. you were a senior member of the austrian diplomatic political elite, until recently. now, you ve left your home country and you re in exile in lebanon. just explain to me why. well, when our government literally imploded in 2019, all i wanted was to continue my academic work and publishing, but i had to find out that there was not a single contract. furthermore, a lot of harassment, also the death threats. but the bigger problem, honestly, was this de facto prohibition to work, so i decided to quit and first, i went to france and now, i m in lebanon and ....
now, she lives in exile, forced out of austria, she says, by death threats. what does her story say about vienna s close ties to moscow and the impact of austria s neutrality? karin kneissl, in northern lebanon, welcome to hardtalk. thank you for your invitation, mr sackur. well, it s a pleasure to have you on the show. i think we have to start with this question about your location. you were a senior member of the austrian diplomatic political elite, until recently. now, you ve left your home country and you re in exile in lebanon. just explain to me why. well, when our government literally imploded in 2019, all i wanted was to continue my academic work and publishing, but i had to find out that there was not a single contract. furthermore, a lot of harassment, also the death threats. but the bigger problem, honestly, was this de facto prohibition to work, so i decided to quit and first, i went to france and now, i m in lebanon and i cherish the freedom of mind here in ....