we start here in the uk where investors are now betting the cost of borrowing will have to keep rising because inflation remains stubbornly high. that s despite a pledge by the government to bring it down, and a barrage of interest rate rises by the bank of england attempting to get it under control. just a few weeks ago, we were assuming that after 11 increases in a row, the bank would not have to raise rates much further. but on wednesday, there was a major rethink on financial markets, which are now pricing in three more rises this year, with rates hitting 5%. here s why. prices in the uk are still rising much too fast, with inflation at 10.1% in the year to march. that s a bit less than the 10.4% recorded in in february, but was still much higher than expected. economists were predicting inflation would fall into single figures. one of the biggest factors the soaring cost of food and drink. it s up over 19% in the past year. it s the fastest rise in 45 years accordi
In your home, your Writing Study is just below us, the floor below. Just tell me, does it matter to you when you are writing what is going on in the world outside Yourfront Door . Does it affect your writing . Well, it depends on what you mean. If theres a fire engine screeching in front of my door, it will interrupt my concentration, and i might go out and see whats going on. But if theres a distant war going on in another place and i know about it, im not going to read about it while im doing my work for the day. But i certainly will inform myself about it later. You talk of distant wars. Im thinking of wars much closer to home. You write a lot about your take on american politics. Youve talked about your feelings through the course of four years of donald trump. Youve talked about a country at war with itself. So the war isnt so very far away. Yes, the war that were engaged in here, fortunately, has not become yet a fighting war with guns, to a large degree. But we are divided in wa
Us, the floor below. Just tell me, does it matter to you when you are writing what is going on in the world outside Yourfront Door . Does it affect your writing . Well, it depends on what you mean. If theres a fire engine screeching in front of my door, it will interrupt my concentration and i might go out and see whats going on. But if theres a distant war going on in another place and i know about it, im not going to read about it while im doing my work for the day, but i certainly will inform myself about it later. You talk of distant wars, im thinking of wars much closer to home. You write a lot about your take on american politics. Youve talked about your feelings through the course of four years of donald trump. Youve talked about a country at war with itself, so the war isnt so very far away. Yes. The war that were engaged in here, fortunately, has not become, yet, a fighting war with guns to a large degree. But we are divided in ways that i have never seen before, and ive been
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