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but what does the bank of england got to do with oil prices? how will higher interest rates harming my family finances mean that oil prices come down? they they it doesn't, of course. they're completely unrelated . covid. but when there unrelated. covid. but when there is higher oil prices, there will be more inflation, which means it's harder for the bank of england to cut interest rates when inflation is moving away from the government's 2% target. it's currently at 3.2. rather than moving towards it. look, no one says that central banking is easy. it isn't easy, and no one says that. politics always has to be straightforward either . to be straightforward either. the mpc has got a tough job. i don't think there's going to be an interest rate cut on thursday. i do think the economy is going to show growth on friday, and there will be lots of mood music about interest rate cuts coming soon. labour doesn't want the government to have a free hit on that mood. music come at the end of the week, and that's why rachel reeves called economics and bu
but what does the bank of england got to do with oil prices? how will higher interest rates harming my family finances mean that oil prices come down? they they it doesn't, of course. they're completely unrelated . covid. but when there unrelated. covid. but when there is higher oil prices, there will be more inflation, which means it's harder for the bank of england to cut interest rates when inflation is moving away from the government's 2% target. it's currently at 3.2. rather than moving...
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May 21, 2024
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that makes it tricky for the bank of england to cut interest rates. the story might get more tricky as we move forward this year. in other news... shoppers are still seeking out cheaper own brand goods in the uk. grocery inflation has fallen to the lowest level since october of 2021. those findings come ahead of official figures those findings come ahead of officialfigures due out those findings come ahead of official figures due out on wednesday which are expected to show a sharp fall in overall inflation. bmw, jaguar land rover and volkswagen used by parts on a supplier that were banned on a list regarding forced chinese labour. car—makers say they have strict practices. international tourism has reached 96% of pre—pandemic levels according to figures released today. the data shows 285 million tourists travelled internationally injanuary to march, about 20% more than the same period last year. it underscores the need complete recovery of the sector from the impact of the pandemic. much more on those stories on the website. that is your business
that makes it tricky for the bank of england to cut interest rates. the story might get more tricky as we move forward this year. in other news... shoppers are still seeking out cheaper own brand goods in the uk. grocery inflation has fallen to the lowest level since october of 2021. those findings come ahead of official figures those findings come ahead of officialfigures due out those findings come ahead of official figures due out on wednesday which are expected to show a sharp fall in...
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May 3, 2024
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of england and to put more _ target of the bank of england and to put more money— target of the bank of england and to put more money to— target of the bank of england and to put more money to be _ target of the bank of england and to put more money to be built's - target of the bank of england and toi put more money to be built's pockets through— put more money to be built's pockets through tax— put more money to be built's pockets through tax cuts _ put more money to be built's pockets through tax cuts. you _ put more money to be built's pockets through tax cuts.— through tax cuts. you have been sa inl through tax cuts. you have been saying this _ through tax cuts. you have been saying this since _ through tax cuts. you have been saying this since january. - through tax cuts. you have been saying this since january. i - through tax cuts. you have been saying this since january. i think| saying this since january. i think it's a very _ saying this since january. i think it's a very recent _ saying this since january. i think it's a very recent and _ saying this since january
of england and to put more _ target of the bank of england and to put more money— target of the bank of england and to put more money to— target of the bank of england and to put more money to be _ target of the bank of england and to put more money to be built's - target of the bank of england and toi put more money to be built's pockets through— put more money to be built's pockets through tax— put more money to be built's pockets through tax cuts _ put more money to be built's...
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May 11, 2024
05/24
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the view of the bank of england's chief economist , of the bank of england's chief economist, ben lear has some thoughts. you're with us after day five. live on gb news. welcome back to the start of day five. as always, thank you very much for all of your interactions on your say on the meghan markle ancestry discussion , karen says at some discussion, karen says at some point, we have all been slaves. it did not start with the black slave trade, nor has it ended with the black slave trade. it still exists now. now, celia is not optimistic about a possible sir keir starmer government. she says once he is in, he will give an amnesty and take eu quotas. yet that's what they're saying. he is part of the liberal elite and a globalist. wait and see. yeah cheery stuff, now the like my shirt . now yeah cheery stuff, now the like my shirt. now it's time for our next debate . who's going next, i next debate. who's going next, i think it's me, joseph. and the technicolour dream kick . technicolour dream kick. >> that's good. i'll get that one. oh, that's very good. >> okay. you could imagine. yo
the view of the bank of england's chief economist , of the bank of england's chief economist, ben lear has some thoughts. you're with us after day five. live on gb news. welcome back to the start of day five. as always, thank you very much for all of your interactions on your say on the meghan markle ancestry discussion , karen says at some discussion, karen says at some point, we have all been slaves. it did not start with the black slave trade, nor has it ended with the black slave trade. it...
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May 14, 2024
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the bank of england member said the central bank will likely need to keep a restrictive stance on monetary policy adding the labor market is tight saying a lot more work needs to be done with inflation. that comes after the bank of england decided to keep interest rates unchanged last week. this is the picture from the uk. still report territory for the ftse 100. speaking of the ftse 100, anglo american with a slew of changing. the divestment or de-merger of the platinum and diamond and steel coal movements. there is after the rejection of the 34 billion pound takeover from rival bhp which said it under valued the company. it is interesting to see what the government of south africa think bss about this with the de-merger of the company. we will have more with john meyer from sp angel later this hour. >>> you see vodafone rising 3% in the early trade. it met expectations for core full-year earnings at 11 billion euro. the british telecom company returning to growth. it is facing energy and inflation headwinds in that market. >>> first quarter sales at alcon rose to $2.4 billion. that was b
the bank of england member said the central bank will likely need to keep a restrictive stance on monetary policy adding the labor market is tight saying a lot more work needs to be done with inflation. that comes after the bank of england decided to keep interest rates unchanged last week. this is the picture from the uk. still report territory for the ftse 100. speaking of the ftse 100, anglo american with a slew of changing. the divestment or de-merger of the platinum and diamond and steel...
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May 7, 2024
05/24
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the bank of england could also take steps towards interest rate cuts. let's speak now to mike coop, from morningstar investment management. good to help you with us. rachel reeves is critical of the government was not handling of the economy, they are in pre—election though, aren't they? figs they are in pre-election though, aren't they?— they are in pre-election though, aren'tthe ? a ~, ,. ,, ., aren't they? as with any discussion on the economy. — aren't they? as with any discussion on the economy, it _ aren't they? as with any discussion on the economy, it is _ aren't they? as with any discussion on the economy, it is worthwhile i on the economy, it is worthwhile separating out the things that are within the control of the politicians from those that will happen anyway. when we talk about conditions and what is going to happen, we should be humble about recognising that there are always shops that have happened. the state of play now is actually quite surprising for what already was expected by people. the comments that were being made about i
the bank of england could also take steps towards interest rate cuts. let's speak now to mike coop, from morningstar investment management. good to help you with us. rachel reeves is critical of the government was not handling of the economy, they are in pre—election though, aren't they? figs they are in pre-election though, aren't they?— they are in pre-election though, aren'tthe ? a ~, ,. ,, ., aren't they? as with any discussion on the economy. — aren't they? as with any discussion on...
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May 22, 2024
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but continuing the downward trend toward the bank of england's target. the uk prime minister rishi sunak says things are back to norm appal and brighter days are ahead. we're looking at the sterling/dollar currently changing hands. it's off the session highs, but keep in mind rate cut expectations by the boe have now been pushed out potentially to august. before the data came out, the market was expecting a 50% chance of a rate cut as early as june. these odds have now dropped down to 15%. back over to you. >> carolin roth, live in our laund newsroom. thank you. >>> now we're going to walk across to the english channel. vivatech is europe's biggest start up event. the big item there is the artificial intelligence and hue companies can capitalize on the revolution. >> it's the hottest ticket in town. elon musk will be attending virtually. the ceo of x will be here and one of the big startups in france right at the forefront of the iowa race in partnership with microsoft and anthropic. we've got a lot of regulators as well trying to come to grips in what a
but continuing the downward trend toward the bank of england's target. the uk prime minister rishi sunak says things are back to norm appal and brighter days are ahead. we're looking at the sterling/dollar currently changing hands. it's off the session highs, but keep in mind rate cut expectations by the boe have now been pushed out potentially to august. before the data came out, the market was expecting a 50% chance of a rate cut as early as june. these odds have now dropped down to 15%. back...
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May 28, 2024
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do you consider those consequences for the ecb and bank of england? >> the rest of the world effects the u.s., too. we care about what happens in europe and around the world. our mandate is to the american people and set monetary policy for the u.s., just like the bank of england does for the uk and the ecb for the european cornecentra bank over time, advanced economies move toward. i'm not that worried about diffivergence in the near term. >> and michelle bowman would moderately taper the process her comments came from the bank of japan conference in tokyo this morning where her colleague, loretta mester argued statements would provide more clarity over the economy we have mike gallagher here with us here in london on set i want to go back to kashkari's comments to be honest, we did not get anything new it was by and large nothing unexpected there is a lot of volatile data coming through are you on board with this >> i think so. really, at the moment, the fed doesn't want the market to get too excited about rate cuts. that's the message that we broad
do you consider those consequences for the ecb and bank of england? >> the rest of the world effects the u.s., too. we care about what happens in europe and around the world. our mandate is to the american people and set monetary policy for the u.s., just like the bank of england does for the uk and the ecb for the european cornecentra bank over time, advanced economies move toward. i'm not that worried about diffivergence in the near term. >> and michelle bowman would moderately...
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we saw the bank of england leave interest rates unchanged. i want to get your take on what we're seeing in terms of earnings. warner brothers discovery crossing right now, missing on revenue at $9.96 billion, adding 2 million subscribers from the reef just quarter, teaming up with disney to bundle streaming services including disney plus, hulu and max. look at this stock. this stock has come crashing down. it is down another 2 and-a-half percent this morning at $7.60 a share. airbnb reported an 18% revenue increase to over $2 billion, predicting weak second quarter guidance. robin hood reporting record revenue, 18-cents a share, crypto surging 232% to 126 million. i want to show you arm holings, the u.k. chip maker full year revenue forecast missed expectations, stock is plummeting this morning. the cfo saying the timing of the company's licensing deal with the hard to pin down and it's impacting guidance. your assessment so far. >> there's a lot to assess. warner brothers is going to have difficulties, no doubt about that. with the new game
we saw the bank of england leave interest rates unchanged. i want to get your take on what we're seeing in terms of earnings. warner brothers discovery crossing right now, missing on revenue at $9.96 billion, adding 2 million subscribers from the reef just quarter, teaming up with disney to bundle streaming services including disney plus, hulu and max. look at this stock. this stock has come crashing down. it is down another 2 and-a-half percent this morning at $7.60 a share. airbnb reported an...
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May 7, 2024
05/24
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and the bank of england might signal cuts in interest rates to come. will any of that affect you? in a speech in the city of london today the shadow chancellor rachel reeves attempted to pre—empt any potential positive news from the government. in a moment we'll talk to labour's james murray, shadow financial secretary to the treasury. first here's ben. is the government "gaslighting" us over the state of the economy, as labour's shadow chancellor rachel reeves claimed today? in other words, are ministers trying to convince you that things are better than they seem, despite your own perceptions? well, let's start with the picture of the overall uk economy, measured by gross domestic product. official data suggests we went into a mild recession in the final half of last year, shown in grey. but new figures to be released on friday are expected to suggest we emerged from that recession in the first quarter of 202a, with gdp growing again. and the office for budget responsibility, the government's official forecaster, is projecting the economy to contin
and the bank of england might signal cuts in interest rates to come. will any of that affect you? in a speech in the city of london today the shadow chancellor rachel reeves attempted to pre—empt any potential positive news from the government. in a moment we'll talk to labour's james murray, shadow financial secretary to the treasury. first here's ben. is the government "gaslighting" us over the state of the economy, as labour's shadow chancellor rachel reeves claimed today? in...
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May 22, 2024
05/24
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of england target of 2%. using those inflation figures to hail what he described as a major milestone that shows our plan is working, he means the conservative government's plan. sir keir starmer, the leader of the main opposition labour party in the uk, responding to that announcement by rishi sunak. he stood above a lectern with one word on it, no change. that is how he could summarise his election pitch to voters in the uk. -- his election pitch to voters in the uk. —— one word on it, change. he will argue that people are not better off than they were 14 years ago. that was the main pitch of the election battles to come. we've heard from the liberal democrats, the snp, we will hear from other parties democrats, the snp, we will hearfrom other parties in democrats, the snp, we will hear from other parties in the coming days. as well as the economy, you can expect immigration to be a major point of debate in the coming weeks. housing, crime and the national health service as well. that's the shape of the
of england target of 2%. using those inflation figures to hail what he described as a major milestone that shows our plan is working, he means the conservative government's plan. sir keir starmer, the leader of the main opposition labour party in the uk, responding to that announcement by rishi sunak. he stood above a lectern with one word on it, no change. that is how he could summarise his election pitch to voters in the uk. -- his election pitch to voters in the uk. —— one word on it,...
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May 23, 2024
05/24
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how man does treasury and bank of england. how many does she _ treasury and bank of england. how many does she think you are going to good question, i'll ask her. nice to see you. for months, newsnight has been investigating patient safety concerns at an nhs trust where police are investigating 105 cases of alleged medical negligence. tonight the story of a surgeon who realised when driving home after work that he'd left two items inside a patient�*s stomach. joe pike has the story. the services have declined dramatically over the years. eight years ago, tom hadrys was in hospital, waking up from hernia surgery, when he got a shock he'd never forget. i was in recovery. i was coming to, i know i was coming to, i was conscious, and i heard who must have been the surgeon whispering in my ear. he said, "i'm terribly sorry," he says, "but we've made..." i think he said, "we've made a mistake." it was only after leaving the hospital for the day that the surgeon realised he'd left a specimen bag inside tom's stomach as well of a chunk he'd removed from tom's bowel. he turned his c
how man does treasury and bank of england. how many does she _ treasury and bank of england. how many does she think you are going to good question, i'll ask her. nice to see you. for months, newsnight has been investigating patient safety concerns at an nhs trust where police are investigating 105 cases of alleged medical negligence. tonight the story of a surgeon who realised when driving home after work that he'd left two items inside a patient�*s stomach. joe pike has the story. the...
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May 17, 2024
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inflation has moved closer to the bank of england's 2% target, and recent economic indicators have showed the uk had returned to growth. joining me now is our political correspondent, nick eardley. he wanted to talk about tax, saying it would go up under labour and he wanted to cut taxes but he didn't say anything specific on that, no specific promise. h0 say anything specific on that, no specific promise.— specific promise. no cast-iron guarantees — specific promise. no cast-iron guarantees as _ specific promise. no cast-iron guarantees as it _ specific promise. no cast-iron guarantees as it was - specific promise. no cast-iron guarantees as it was put - specific promise. no cast-iron guarantees as it was put to i specific promise. no cast-ironl guarantees as it was put to the chancellor that he was going to cut tax but what was this all about? it was about trying to wrestle the economic narrative ahead of the general election and you might think that campaign is already under way given what we've seen over the course of this week but it could be six months away. what the chancellor
inflation has moved closer to the bank of england's 2% target, and recent economic indicators have showed the uk had returned to growth. joining me now is our political correspondent, nick eardley. he wanted to talk about tax, saying it would go up under labour and he wanted to cut taxes but he didn't say anything specific on that, no specific promise. h0 say anything specific on that, no specific promise.— specific promise. no cast-iron guarantees — specific promise. no cast-iron...
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May 22, 2024
05/24
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but that's still above the bank of england's 2% target. inflation is now back within the normal range, said chancellor jeremy hunt, and the uk economy, he says, is turning the corner. let's have a look at the details. let's have a look at where inflation has come from. back in october 2022, there it was 11.1% inflation. that's a 50 year high. it's come all the way down not in a straight line but it's come down to 3.2% in march. and then we had the april figure today. and here it is. as i said, consumer prices were up 3.2. 3% during the year to april. the lowest headline inflation rate, the consumer price index headline inflation rate since july 2021, down from 11% in october 22nd. as i said, the big question now , will the big question now, will interest rates be cut by the bank of england on the 20th of june, when the monetary policy committee next meets? and we'll come to that in a moment. why is inflation coming down? well, food price inflation is easing back in march this year, food pnces back in march this year, food prices were 19.2%
but that's still above the bank of england's 2% target. inflation is now back within the normal range, said chancellor jeremy hunt, and the uk economy, he says, is turning the corner. let's have a look at the details. let's have a look at where inflation has come from. back in october 2022, there it was 11.1% inflation. that's a 50 year high. it's come all the way down not in a straight line but it's come down to 3.2% in march. and then we had the april figure today. and here it is. as i said,...
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May 9, 2024
05/24
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let's bring in the reaction of the let's bring in the reaction of the governor of the bank of england today who is actually been talking about the economy. the conservatives are trying to point to what they see as an improving economic picture. the big global shocks that caused inflation to rise have faded, and monetary policy is working to bring inflation back towards the 2% target. inflation is now falling to just above 3%, and we expect it to be close to the target in the coming months. that's encouraging, but we are not yet at a point where we can cut bank rates. adam drummond, is associate director at opinium, a market research and insight agency. welcome. what do you see in this polling? is there any chance for rishi sunak?— polling? is there any chance for rishi sunak? ., , , ., . rishi sunak? probably not. with the oll ou rishi sunak? probably not. with the poll you were _ rishi sunak? probably not. with the poll you were talking _ rishi sunak? probably not. with the poll you were talking about - rishi sunak? probably not. with the poll you were talking about is - poll you w
let's bring in the reaction of the let's bring in the reaction of the governor of the bank of england today who is actually been talking about the economy. the conservatives are trying to point to what they see as an improving economic picture. the big global shocks that caused inflation to rise have faded, and monetary policy is working to bring inflation back towards the 2% target. inflation is now falling to just above 3%, and we expect it to be close to the target in the coming months....
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May 24, 2024
05/24
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the bank of england 5et5 interest rates. also, if we had caved in to labour�*s demands we would have still had very high inflation. going back to your original question, the prime minister is we delivered 5ome minister is we delivered some difficult things. it is for people to say what is the choice here, keir starmer, no plan, take the easy way out, got elected on the most 5ociali5t platform po55ible out, got elected on the most 5ociali5t platform possible then dump it all. in my own area of defence he now says he is in favour of trident, our nuclear defence which keeps us safe in the world, yet he has twice supported a leader who wanted to scrap it. he has four members of the shadow cabinet he wants to get out of trident. they don't believe in our deterrent. i don't believe in our deterrent. i don't know what labour believes him. the prime minister felt it was good to put our clear plan, bold plan in front of people. that will now be a choice in this election. i am front of people. that will now be a choice in this elect
the bank of england 5et5 interest rates. also, if we had caved in to labour�*s demands we would have still had very high inflation. going back to your original question, the prime minister is we delivered 5ome minister is we delivered some difficult things. it is for people to say what is the choice here, keir starmer, no plan, take the easy way out, got elected on the most 5ociali5t platform po55ible out, got elected on the most 5ociali5t platform possible then dump it all. in my own area of...
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May 3, 2024
05/24
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of england from 11% to 3.4% now and we have seen real wages rising as a result and like i said we have things at the childcare offer which is coming in which is a really positive thing for lots of families at home and we have the state pension going up by 8.5% this year. there are a lot of things and changes which will make a big difference to everyone watching this programme. flan difference to everyone watching this rouramme. ., i. difference to everyone watching this programme-— difference to everyone watching this rouramme. ., , ., , . programme. can you see a difference in results from _ programme. can you see a difference in results from tonight _ programme. can you see a difference in results from tonight to _ programme. can you see a difference in results from tonight to whenever i in results from tonight to whenever there is a general election? there simply isn't enough time, is there? like i said, we are at a very early stage with these results unless see what happens in tees valley and what happens with the other mayoral elections. i don't think we should draw too many con
of england from 11% to 3.4% now and we have seen real wages rising as a result and like i said we have things at the childcare offer which is coming in which is a really positive thing for lots of families at home and we have the state pension going up by 8.5% this year. there are a lot of things and changes which will make a big difference to everyone watching this programme. flan difference to everyone watching this rouramme. ., i. difference to everyone watching this programme-— difference...
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May 23, 2024
05/24
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of england's target of 2%. using those inflation figures to hail what he described as a major milestone that shows our plan is working, our plenty means the conservative government was matt legg. sir keir starmer, the leader of the main opposition party of the uk, the labour party, responding to that announcement by rishi sunak stood above a one word on it "change". and i that's how we can summarise his election bits to voters here in the uk. he will say that after 14 years of conservative government or conservative led government's it is time for change. we will argue that people are not better off than they were 14 years ago. and that's really, i suppose, the main picture of the election battles to come. we also heard from the liberal democrats, the snp, we will hearfrom other parties as well in the coming days. but as well as the economy i think we can expect immigration to be a major point of debate in the coming weeks. housing, crime, and the national health service as well. that is the shape of the debate
of england's target of 2%. using those inflation figures to hail what he described as a major milestone that shows our plan is working, our plenty means the conservative government was matt legg. sir keir starmer, the leader of the main opposition party of the uk, the labour party, responding to that announcement by rishi sunak stood above a one word on it "change". and i that's how we can summarise his election bits to voters here in the uk. he will say that after 14 years of...
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May 13, 2024
05/24
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what i thought was interesting, though, about the about the piece from the bank, the bank of england's chief economist. he didn't then rule that migration needed to be brought down. it was that the supply needed to be increased. and i think there what we've seen is the mask has kind of slipped again, that this net migration running at 200, 300 and 700,000 is accepted. and ultimately policy in their minds eye needs to be shifted to suit that that statement of fact and the next big figures out on the 23rd of may, i think i believe so, yes. >> so that's going to be and we'll find out what the net migration figures for the year are, well, i've no idea. rob. thank you for joining are, well, i've no idea. rob. thank you forjoining us. i've thank you for joining us. i've noidea thank you for joining us. i've no idea what those numbers will be, but i'll tell you what they won't be back to the historic post—war numbers of 30 to 50,000 a year. i can promise you that. well, in a moment, an enormous row has blown up inside the liberal democrats over a candidate. prospective parliamentary candida
what i thought was interesting, though, about the about the piece from the bank, the bank of england's chief economist. he didn't then rule that migration needed to be brought down. it was that the supply needed to be increased. and i think there what we've seen is the mask has kind of slipped again, that this net migration running at 200, 300 and 700,000 is accepted. and ultimately policy in their minds eye needs to be shifted to suit that that statement of fact and the next big figures out on...
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May 17, 2024
05/24
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inflation has moved closer to the bank of england's 2% target, and recent economic indicators have showed the uk had returned to growth. let's speak to our political correspondent nick eardley take us through the main points... you'd think the general election campaign was already underweight —— under way with what we've seen this week and the chancellor's speech felt like a big attempt to set the narrative ahead of the general election campaign and what he was trying to do was persuade us all that the debate will be between the conservatives, who he says will cut tax, and labour, the conservatives argue would put up a tax. they would contest that and it is more common gate but we're already seeing this wrestle between the two main parties to try and set out the narrative ahead of the general election. mr hunter's argument was the labour policy pledge would cost a lot of money and that to plug the gap between what is being raised and what they need, they would have to put tax up. labour say this is a dodgy dossier that the conservatives have come up with. it's also worth pointing out
inflation has moved closer to the bank of england's 2% target, and recent economic indicators have showed the uk had returned to growth. let's speak to our political correspondent nick eardley take us through the main points... you'd think the general election campaign was already underweight —— under way with what we've seen this week and the chancellor's speech felt like a big attempt to set the narrative ahead of the general election campaign and what he was trying to do was persuade us...
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May 11, 2024
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bear in mind the forecast for the year overall, even the bank of england suggested just .5%. if we take that seriously, we need to see that as being interpreted as perhaps not that fast growth over the next few quarters. this last quarter saw growth over the previous years if you compare the first quarter to 2023 of just .2%. we are not out of the woods yet. emphasis is put on what will happen? will there be an extra giveaway? a fiscal event just before the elections? we may get a little more of a boost. will interest rates fall significantly? that will also give people a lot of a boost. and maybe people will feel happier about going out and spending. we are not seeing investment recovery and i think that is why the forecast generally our for quite slow growth. lewis: thank you. vicky: thank you. lewis: we will turn to ukraine now. president zelenskyy says a fierce battle is underway in kharkiv, which russia launching what some have described as a surprise attack. small groups of troops with armored vehicles pushed to the front line. sources say that the advanced a kilometer
bear in mind the forecast for the year overall, even the bank of england suggested just .5%. if we take that seriously, we need to see that as being interpreted as perhaps not that fast growth over the next few quarters. this last quarter saw growth over the previous years if you compare the first quarter to 2023 of just .2%. we are not out of the woods yet. emphasis is put on what will happen? will there be an extra giveaway? a fiscal event just before the elections? we may get a little more...
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May 5, 2024
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it's not all the way down to the bank of england's target of two when they'll start being able to cut interest rates, which will make a huge difference to hardworking families. we've done part of the plan on dealing with illegal migration. it's down by 30%, year on year at a time the number of illegal migrants coming to the european union was up. but we haven't completed that plan yet. we've got the rwanda legislation through parliament opposed every step of the way by the labour party and the liberal democrats who voted against it hundreds of times. now we have it on the books. we can now get the flights going to rwanda, a steady rhythm of flights, that will change the incentives there. it will have a deterrent effect. and we'll continue delivering on that policy. so after these results, mark harper, and people will know and appreciate that you're a loyal minister, but after these results, you're not going to change anything? you're just going to stick to the plan, to use your phrase? well, we have a plan and the plan is working. but voters are telling you they don't like it. but we'
it's not all the way down to the bank of england's target of two when they'll start being able to cut interest rates, which will make a huge difference to hardworking families. we've done part of the plan on dealing with illegal migration. it's down by 30%, year on year at a time the number of illegal migrants coming to the european union was up. but we haven't completed that plan yet. we've got the rwanda legislation through parliament opposed every step of the way by the labour party and the...
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May 28, 2024
05/24
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RUSSIA24
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inflation reached 2.3, while the target indicator of the bank of england. as for the key rate, the central bank raised it 14 times from december 2021 to august 2023, a jump for this period ranged from one. up to 5.25%. unemployment increased by 166,000 people over six months, exceeding the indicators, the level rose to 4.3%. the cooling in the labor market is indicated by a reduction in the number of vacancies in the first quarter by 3%, to 898,000. the number of people unemployed due to long-term health problems increased by 20,000 people to 2 million 820 thousand, and this is also a record. the director of the british institute for fiscal studies said that the new authorities after the elections will have to take unpopular measures to restore economy, among the options for increasing taxes for the population. if we talk, for example, about raising taxes, then first of all this will affect the middle class of the uk population, because it is the income tax that will increase. is already middle class, it will no longer be able to consume in the volume that
inflation reached 2.3, while the target indicator of the bank of england. as for the key rate, the central bank raised it 14 times from december 2021 to august 2023, a jump for this period ranged from one. up to 5.25%. unemployment increased by 166,000 people over six months, exceeding the indicators, the level rose to 4.3%. the cooling in the labor market is indicated by a reduction in the number of vacancies in the first quarter by 3%, to 898,000. the number of people unemployed due to...
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May 21, 2024
05/24
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as you all know, when i arrived as a chancellor at the bank of england was predicting the longest recession in 100 years, and we have taken a lot of very difficult decisions, so we are very interested to hear what the imf says in terms of the process we have been through and our big priority is notjust stabilisation, but also growth. and increasing our long—term growth rate. so we are as excited as everyone else to hear what the managing director says, and it is with great pleasure that i hand over. it is with great pleasure that i hand over-— it is with great pleasure that i hand over._ we - it is with great pleasure that i | hand over._ we are it is with great pleasure that i - hand over._ we are going hand over. thank you. we are going to leave the — hand over. thank you. we are going to leave the meeting _ hand over. thank you. we are going to leave the meeting there - hand over. thank you. we are going to leave the meeting there at - hand over. thank you. we are going to leave the meeting there at the i to leave the meeting there at the treasury, but we will, of course, keep acro
as you all know, when i arrived as a chancellor at the bank of england was predicting the longest recession in 100 years, and we have taken a lot of very difficult decisions, so we are very interested to hear what the imf says in terms of the process we have been through and our big priority is notjust stabilisation, but also growth. and increasing our long—term growth rate. so we are as excited as everyone else to hear what the managing director says, and it is with great pleasure that i...
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May 20, 2024
05/24
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CSPAN
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the bank of england said that the economy has turned a corner -- [inaudible] the independent office o national -- said the economy is going gang busters, mer. now, the shadow chancellor may want to copy and paste their comments or does he think they're allaslighting the british public too? lash. >> thank you. thank you, mr. speaker. finish -- while i understand the need to upgrade our infrastructure, it cannot be right that a company called bris proposing to -- telegraph poles in my constituent women cy -- constituency. .if. to investigateví. >> my quite a friend championing the views of constituents on this important have to follow legal obligations for employing their network. and investigate reports of failure follow these obligations. recently should raise concerns about reports. alsonfctur i'll ask her specifically to provide my quite honorable friend. minister language he considers to be extraneous threats to our society. in doing so he actively compared iran andsia the people in scotland whoie independence. can i ask him to the standards the setting of his office? an affected
the bank of england said that the economy has turned a corner -- [inaudible] the independent office o national -- said the economy is going gang busters, mer. now, the shadow chancellor may want to copy and paste their comments or does he think they're allaslighting the british public too? lash. >> thank you. thank you, mr. speaker. finish -- while i understand the need to upgrade our infrastructure, it cannot be right that a company called bris proposing to -- telegraph poles in my...
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May 9, 2024
05/24
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CNBC
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now, bank of england maintaining its rates. look at the futures this morning, you'll see that at least at this point it looks like we're still in the red. dow futures off by 67 points the s&p indicated down by 12, the nasdaq off by 51 dom chu has a look at this morning's premarket movers good morning, dom. >> we'll start off our thursday morning movers with a check on computer chips arm holding shares taking a hit, down 8.5% or so, about 200,000 shares of trading volume the semiconductor design company reported generally positive results. earnings still being parsed through for comparability to analyst consensus estimates, but revenues beat expectations, growing 47% year over year and that was thanks in large part to what else, demand for artificial intelligence related products arm's full year revenue guidance came in short of estimates, which is likely driving that downside move for a stock that as you can see here is up 41% just over the course of the past year to date period in 2024. next up, shares of airbnb, down just abo
now, bank of england maintaining its rates. look at the futures this morning, you'll see that at least at this point it looks like we're still in the red. dow futures off by 67 points the s&p indicated down by 12, the nasdaq off by 51 dom chu has a look at this morning's premarket movers good morning, dom. >> we'll start off our thursday morning movers with a check on computer chips arm holding shares taking a hit, down 8.5% or so, about 200,000 shares of trading volume the...
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May 25, 2024
05/24
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it's not all the government working in partnership with the bank of england. we are now back into a situation where things can start to get better. the liberal democrat leader, ed davey, was in chichester harbour in west sussex to announce plans for a new water regulator and to highlight his campaign issue of sewage dumping. today's campaign visits have had a more laid—back vibe in an election which is going to be very far from plain sailing. helen catt, bbc news. and a reminder you can follow all the latest on the general election on our website. we're running a live page with continuous updates. you can find that on the bbc news app or bbc.com/news. political rallies are taking place across south africa as parties make their final attempts to win support ahead of wednesday's election. they are seen as the most tightly contested elections since the advent of democracy in 1994. south africa's president, cyril ramaphosa, has promised to focus on job creation if the governing african national congress is voted back into power next week. the main opposition dem
it's not all the government working in partnership with the bank of england. we are now back into a situation where things can start to get better. the liberal democrat leader, ed davey, was in chichester harbour in west sussex to announce plans for a new water regulator and to highlight his campaign issue of sewage dumping. today's campaign visits have had a more laid—back vibe in an election which is going to be very far from plain sailing. helen catt, bbc news. and a reminder you can...
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May 10, 2024
05/24
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the news comes after the boss of the bank of england, andrew bailey,
the news comes after the boss of the bank of england, andrew bailey,
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May 10, 2024
05/24
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KQED
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the bank of england has held interest rates at 5.25%, a 16- year high, but it has hinted it could be cut in the coming months. the banks governor said he was optimistic things were moving in the right direction. kingharles joked about being allowed out of his cage during a surprise visit an army barracks in hampshire today. he was speaking during a visit to the school of military engineering. it's his latest engagement since returning to public duties after his cancer diagnosis. you are watching bbc news. amid growing concerns over their safety record and after several devastating mechanical failures with the boeing fleet, the ceo of the company is assured customers that their aircraft are billed to the highest industrial standards. but a former employee of the firm's biggest supplier has told the bbc that sections of the 737 max aircraft that he was checking regularly left his factory with serious defects. spirit aerosystems build the fuselage that shipped to boeing's own plant for finalist emily. speaking publicly for the first time, the former quality inspector told the bbc that s
the bank of england has held interest rates at 5.25%, a 16- year high, but it has hinted it could be cut in the coming months. the banks governor said he was optimistic things were moving in the right direction. kingharles joked about being allowed out of his cage during a surprise visit an army barracks in hampshire today. he was speaking during a visit to the school of military engineering. it's his latest engagement since returning to public duties after his cancer diagnosis. you are...
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of england, the world bank, and the international monetary fund. she was in no mood to negotiate or even to have a conversation with students who were demanding change. is this actually a class conflict edit score? i would say it's a, it's in a way. yes, it's so universities, and of course i've taught at columbia, princeton n y u in a few others they are, they have been corporatized and so they are now run on a corporate structure. so in the case of to fix it doesn't come out of academia at all. she comes out of the corporate world. she comes out of the world of finance and they, they build, they've, they've reconfigured or to form these universities a long corporate lot. so you have highly paid administrators. these are people pulling down salaries and hundreds of thousands of dollars will often come out of the corporate world. and then you have, this is not so much true at the very least private universities. but it is true at most universities, you then have the, the burden of the teaching of falls on the shoulders of adjuncts who essentially re
of england, the world bank, and the international monetary fund. she was in no mood to negotiate or even to have a conversation with students who were demanding change. is this actually a class conflict edit score? i would say it's a, it's in a way. yes, it's so universities, and of course i've taught at columbia, princeton n y u in a few others they are, they have been corporatized and so they are now run on a corporate structure. so in the case of to fix it doesn't come out of academia at...
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May 16, 2024
05/24
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BLOOMBERG
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of the bank of england. if they had any doubt that they could start the easing program, the fed effectively, the cpi data has given them the green light. they can be much more confident the federal reserve will do something this year. so now i think we can fully expect that we get rate cuts in europe and the u.k. pretty soon, probably next month and that will keep this rally going. there has been a huge backup because where we were right at the beginning of the year, there were markets around the world and we had to backtrack considerably because of the inflation in march and april. now we are starting to resume the rally. there is a long way to go on the global bond rally particularly in the g10 space, excluding japan. europe and the u.k., right at the forefront of that. we'll probably see more of it. you will get tired of hearing the word goldilocks by the end of the day but that is what you have come a situation where yields are coming down, the dollar is coming down and equity markets love it. you will h
of the bank of england. if they had any doubt that they could start the easing program, the fed effectively, the cpi data has given them the green light. they can be much more confident the federal reserve will do something this year. so now i think we can fully expect that we get rate cuts in europe and the u.k. pretty soon, probably next month and that will keep this rally going. there has been a huge backup because where we were right at the beginning of the year, there were markets around...
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May 22, 2024
05/24
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of england�*s target. the prime minister has the opportunity to say he has helped to turn the economy around, describing it as a major moment by the british economy. the chancellor has also said it would take some time for people to really feel the impact of the fall in inflation. at the same time, while it was good news, there was also some bad news in there because it is now not expected that the bank of england will cut interest rates next month, as had been predicted. we do not know that for sure but the expectations around some of that have changed over the course of today. all that gets to a point where it for the prime minister, he might be sitting there thinking now is as good a time as any to go, if it is going to take time for people to feel better, no imminent cuts in interest rates, why not go on a day where he has something like a good news story to tell? in the sense of being able to point to that inflation figure that has fallen to 2.3%. inflation figure that has fallen to 2.396. ., ~ ,., in
of england�*s target. the prime minister has the opportunity to say he has helped to turn the economy around, describing it as a major moment by the british economy. the chancellor has also said it would take some time for people to really feel the impact of the fall in inflation. at the same time, while it was good news, there was also some bad news in there because it is now not expected that the bank of england will cut interest rates next month, as had been predicted. we do not know that...
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May 25, 2024
05/24
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it's not all the government working in partnership - with the bank of england. but what that means is that nowl we are now back on to a situation where things can start to improve and get hetteh _ hello. hello there. the liberal democrat leader, sir ed davey, made the most of the sunshine in chichester today to set out his economic approach. we, the ones talking about the windfall tax on the oil and gas companies. i've already made clear that the tax cuts to the big banks the conservatives have given since 2015, they need to be reversed and we'll show that we are being responsible. no guarantees for any party that the rest of the campaign will be plain sailing. leila nathoo, bbc news. and a reminder — you can follow all the latest on the general election on our website. we're running a live page with continuous updates. you can find that on the bbc news app or bbc.com/news now it's time for a look at today's sport with hugh ferris. manchester united have won the english fa cup, beating rivals manchester city 2—1 at wembley in a match that many had billed as
it's not all the government working in partnership - with the bank of england. but what that means is that nowl we are now back on to a situation where things can start to improve and get hetteh _ hello. hello there. the liberal democrat leader, sir ed davey, made the most of the sunshine in chichester today to set out his economic approach. we, the ones talking about the windfall tax on the oil and gas companies. i've already made clear that the tax cuts to the big banks the conservatives have...
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May 26, 2024
05/24
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BBCNEWS
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that doesn't happen by accident, it is not all the government working in partnership with the bank of england, but what that means is that now we are now back into a situation where things can start to improve and get better. the liberal democrat leader sir ed davey made the most of the sunshine in chichester today and set out his economic approach. we want to talk about the windfall tax on the oil and gas companies. i have already made clear that the tax cuts to the big banks the conservatives have given since 2015, they need to be reversed. and we will show that we are being responsible. the snp leaderjohn swinney said his party would oppose cuts to public spending. the snp is the only party that is in a position to influence westminster to argue against austerity. labour and the tories are basically proposing more austerity. we have had 14 years of that and that has damaged the public services of scotland. no guarantees for any party that the rest of the campaign will be plain sailing. leila nathoo, bbc news. the conservative party said on saturday that they'll make more cuts to na
that doesn't happen by accident, it is not all the government working in partnership with the bank of england, but what that means is that now we are now back into a situation where things can start to improve and get better. the liberal democrat leader sir ed davey made the most of the sunshine in chichester today and set out his economic approach. we want to talk about the windfall tax on the oil and gas companies. i have already made clear that the tax cuts to the big banks the conservatives...
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May 28, 2024
05/24
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BBCNEWS
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the likes of what we're seeing from the federal reserve and the bank of england, markets instead expecting them to move potentially september or november. the ecb moving ahead of time and most notable is that we also said we could not rule out a jewel—like rate cut which by and large have been ruled out by many other members. it points to potential outlying strength for european equities right now. tell outlying strength for european equities right now.— equities right now. tell us more about _ equities right now. tell us more about why _ equities right now. tell us more about why it - equities right now. tell us more about why it is - equities right now. tell us l more about why it is europe thatis more about why it is europe that is ready to move at this point in time, what are the conditions in the background? first and foremost you have to look at the strength of the us economy over the course of the past two years, that has not necessarily happened in europe. suddenly a heavy focus on manufacturing, which has been the one big weak spot which is why germany has suffered in particul
the likes of what we're seeing from the federal reserve and the bank of england, markets instead expecting them to move potentially september or november. the ecb moving ahead of time and most notable is that we also said we could not rule out a jewel—like rate cut which by and large have been ruled out by many other members. it points to potential outlying strength for european equities right now. tell outlying strength for european equities right now.— equities right now. tell us more...
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for example, imagine that the bank of england started saying we're gonna offer an a pounds that you're gonna use. and that's gonna compete with players like barclays, and h s b c. right? and that's what actually a central bank digital currency, it's hypothetically, it could be, it's not one of the w t o steps in or uh yeah, yeah. so, so the re, i don't even ask somebody think this is against privatization and therefore, yeah, liberal a. so is it a radical version of c? b, c is definitely not popular among mainstream leads, right? so, but that was a potential way of doing it in the past. as ideas, you could actually have this almost like a public infrastructure around digital payment. so would compete with the private one. the reason why things like sense of bank digital currency are being discussed right now. the is not because of that radical vision. and the reason is that during the pandemic is a mass of dropping cash usage, as everyone was forced online and central bank. and suddenly you realize that there's a potential financial stability problem that emerges when the cash system g
for example, imagine that the bank of england started saying we're gonna offer an a pounds that you're gonna use. and that's gonna compete with players like barclays, and h s b c. right? and that's what actually a central bank digital currency, it's hypothetically, it could be, it's not one of the w t o steps in or uh yeah, yeah. so, so the re, i don't even ask somebody think this is against privatization and therefore, yeah, liberal a. so is it a radical version of c? b, c is definitely not...
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May 23, 2024
05/24
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FBC
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the bank of england sells securities out rite bank of canada does we decided to have passive approach there is a number of fed officials couple or several whatever veer be verbiage think should talk about security precisely, for example, after 10-year auction two weeks ago they bought five billion, 15 minutes later 10-year treasurys why still applying any 10-year treasurys should let those mature put more than in bill, worried about reserves in the banking system that is one thing, but continuing to influence the most important price in a global capital market system how capital ise allocated everybody discount model is priced up to 10-year treasury they are still holding that rate below where market would sell it otherwise, so, to me that is confidely disthe organizationry interventionist, they should be out of that business. >> when move interest rates raising interest rates yet still running off balance sheet couple years ago same thing. >> mark jump in. mark: look what fed has to do with he monetary policy standpoint look at the fiscal headwinds to the fed because to your point ba
the bank of england sells securities out rite bank of canada does we decided to have passive approach there is a number of fed officials couple or several whatever veer be verbiage think should talk about security precisely, for example, after 10-year auction two weeks ago they bought five billion, 15 minutes later 10-year treasurys why still applying any 10-year treasurys should let those mature put more than in bill, worried about reserves in the banking system that is one thing, but...
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May 13, 2024
05/24
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BELARUSTV
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according to the bbc, the bank of england raised interest rates 14 times, leading to spending cuts and a slowing economy. growth began only in the first 3 months of this year. the national debt remains high, and plans to reduce it will require serious spending cuts. for some government departments, as regards the healthcare sector, as a result of endless strikes by doctors , the waiting list not only did not decrease, but increased by about 2000 people, but the number of migrants who storm the british shores in boats decreased by a third ; this, however, did not save from tragedy; in april, five illegal immigrants died while trying to cross the english channel, the number of refugees, however, still remains high, and... they damage this order and seriously jeopardize the principles that were formed in the ashes of the second world war war, including by great britain itself. the prime minister's unconvincing achievements were best demonstrated by local government elections. according to their results , the opposition libarist party takes 43.5% of the seats, and the conservative party, w
according to the bbc, the bank of england raised interest rates 14 times, leading to spending cuts and a slowing economy. growth began only in the first 3 months of this year. the national debt remains high, and plans to reduce it will require serious spending cuts. for some government departments, as regards the healthcare sector, as a result of endless strikes by doctors , the waiting list not only did not decrease, but increased by about 2000 people, but the number of migrants who storm the...
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May 13, 2024
05/24
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BLOOMBERG
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time tomorrow, and how that ties into expectations around the bank of england. the ftse 100 looking at losses of around 0.2%. oil may be a factor, it is weaker in the session. and the softness in the china data, particularly in terms of aggregate financing, contracting the first time on record, that could be a drag on the u.k. session today. s&p futures looking to add 0.1%, nasdaq futures pointing hires are pointing a percent. let's flip the board and meditate on what's happening with the two-year in the u.s., as we look ahead to that inflation print, 4.85 currently. how much volatility as there around treasuries at the front end on the back of that inflation print on wednesday? the pound could move tomorrow on the wage and inflation data. the wage and earnings data out of u.k. i talked about the softness for oil, currently down 0.4% in the session today, and gold 2352, down 0.3%, that strength for the elemental year to date pronounced. -- yellow metal year-to-date has been pronounced. japan's 30-year yield rising to 2.03%, the highest since 2011, so the 30-year
time tomorrow, and how that ties into expectations around the bank of england. the ftse 100 looking at losses of around 0.2%. oil may be a factor, it is weaker in the session. and the softness in the china data, particularly in terms of aggregate financing, contracting the first time on record, that could be a drag on the u.k. session today. s&p futures looking to add 0.1%, nasdaq futures pointing hires are pointing a percent. let's flip the board and meditate on what's happening with the...
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May 9, 2024
05/24
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BBCNEWS
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will the bank of england cut interest rates today? i'll take a look. in sport, pain for kane, butjoy forjude as bellingham helps real madrid beat harry kane's bayern munich to reach the champions league final and so is heading to wembley. it and so is heading to wembley. might be a bit dam scotla nd it might be a bit damp in parts of scotland this morning but there is more sunshine and more warmth over the course of the country in the coming days, i will have the forecast. former paralympian and amputeejohn mcfall is taking part in the world's first study to see if someone with a disability can become an astronaut. it's thursday 9th may. more than 1,700 people in the uk could be living with undiagnosed hepatitis c after receiving contaminated blood transfusions decades ago according to analysis by the bbc. official documents also show government and nhs efforts to trace people who are most likely to have been infected were inadequate. our health editor hugh pym has this report. in the 20 years before 1990, up to 27,000 people had transfusions with bloo
will the bank of england cut interest rates today? i'll take a look. in sport, pain for kane, butjoy forjude as bellingham helps real madrid beat harry kane's bayern munich to reach the champions league final and so is heading to wembley. it and so is heading to wembley. might be a bit dam scotla nd it might be a bit damp in parts of scotland this morning but there is more sunshine and more warmth over the course of the country in the coming days, i will have the forecast. former paralympian...
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May 24, 2024
05/24
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GBN
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it was the it was the bank of england . but he's failed bank of england. but he's failed on just about everything else. so people are going to go into this election saying the plan that he keeps saying they're on. and we need to keep going on with the progress . well, we with the progress. well, we haven't made a lot of progress. >> well, i disagree with that. there's fiscal policy and there's monetary policy. the monetary policy is the bank of england fiscal policy. you know, the taxes that we choose to put up or indeed down, how we actually encourage growth and productivity in this country, what we're doing to get businesses working again, recruiting again. and of course, security of supply, which a lot of this is about. that's why, the, inflation went up and also food prices because of the war in ukraine. that's all to do with decisions made in number 10. but i would also go to the key point of any election, clinton famously said this. it's about the economy. it's the economy. stupid it's how people will feel their, you know, their own wallets, their .
it was the it was the bank of england . but he's failed bank of england. but he's failed on just about everything else. so people are going to go into this election saying the plan that he keeps saying they're on. and we need to keep going on with the progress . well, we with the progress. well, we haven't made a lot of progress. >> well, i disagree with that. there's fiscal policy and there's monetary policy. the monetary policy is the bank of england fiscal policy. you know, the taxes...