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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 at its core? i would say it's a, it's in a way. yes. um it's so universities and of course i've taught at columbia winston 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 at its core? i would say it's a, it's in a way. yes. um it's so universities and of course i've taught at columbia winston 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 25, 2024
05/24
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it's not all the government working in partnership with the bank of england.eans is that now we are now back on to a situation where things can start to improve and get better. 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 are 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. the conservative party have today said they'll make more cuts to national insurance, if re—elected. but what trade—offs would be needed if they pursue that? for his thoughts, i spoke earlier to pauljohnson, director of the institute for fiscal studies. that would be very difficult to tear. they have announced twovery big cuts coming up. but now, they have said that they want to get the debt down.
it's not all the government working in partnership with the bank of england.eans is that now we are now back on to a situation where things can start to improve and get better. 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 are 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...
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May 1, 2024
05/24
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we will get more clarity from the bank of england when they make their next decision.eens was the right thing to do. but he said he'd paid the price with hisjob. mr yousaf has been speaking to our scotland editor, james cook, in his first interview since announcing his resignation. first minister, good morning, how are you? well, he's reflective and regretful. a first minister on his way out after his decision to ditch the greens left him unable to govern. ending the bute house agreement was the right decision both for my party and my country. but i have to acknowledge the manner in which i did it caused great upset and that's on me. are you kicking yourself? i do of course reflect a lot and i do regret how this has ended. so does he wantjohn swinney to take over? or should it be kate forbes, who ran humza yousaf close in an acrimonious leadership contestjust last year? he won't say. whatever happens, if it is a contest, my plea as to any candidate to make sure we are talking each other up, not talking each other down because we won't be able to benefit from that. unli
we will get more clarity from the bank of england when they make their next decision.eens was the right thing to do. but he said he'd paid the price with hisjob. mr yousaf has been speaking to our scotland editor, james cook, in his first interview since announcing his resignation. first minister, good morning, how are you? well, he's reflective and regretful. a first minister on his way out after his decision to ditch the greens left him unable to govern. ending the bute house agreement was...
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May 10, 2024
05/24
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this is the bank of england governor yesterday saying that we've turned a corner.show we have the joint fast highest growth rate in the g7. both main parties say they want to fight the general election on the economy. this is the first parliament on record where living standards will be lower at the end than they were at the beginning. this is no cause for celebration, no cause for a victory lap. my ambitions for britain are so much greater than merelyjust coming out of recession, which is all that rishi sunak and jeremy hunt have achieved. hi, john. hi, how are you doing? back in bristol, on the longest street of independent shops in the country, it's the carpet shop that could really show its confidence is returning. people are thinking twice. when you tell them the full price, they go, ok, maybe just have three rooms and not the stairs. so it's not like it was. it's a much harder environment at the moment. i would disagree that we are coming out of recession. i would say we are just sort of teetering. across the economy as a whole, the brief recession is now ove
this is the bank of england governor yesterday saying that we've turned a corner.show we have the joint fast highest growth rate in the g7. both main parties say they want to fight the general election on the economy. this is the first parliament on record where living standards will be lower at the end than they were at the beginning. this is no cause for celebration, no cause for a victory lap. my ambitions for britain are so much greater than merelyjust coming out of recession, which is all...
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May 10, 2024
05/24
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the bank of england has held interest rates at 5.25% — a 16 year high — but it's hinted that they could bank's governor, andrew bailey, said he was "optimistic things were moving in the right direction". king charles joked about being "allowed out of his cage" during a surprise visit to an army barracks in hampshire on thursday. he was speaking during a visit to the 3 royal school of military engineering at gibraltar barracks in minley. it's his latest engagement since returning to public duties after his cancer diagnosis earlier this year. you're live with bbc news. problems continue to mount for us aerospace company boeing — after another string of international safety incidents. on thursday morning, a boeing 737—300 passenger aircraft crashed during take—off in senegal. 11 people were injured when the plane ran off a runway and caught fire. separately, two investigations involving boeing planes are underway in turkey. when also on thursday, nearly 200 passengers were evacuated from a boeing 737—800 after one of its tires burst on landing. it comes just a day after a fedex airlines bo
the bank of england has held interest rates at 5.25% — a 16 year high — but it's hinted that they could bank's governor, andrew bailey, said he was "optimistic things were moving in the right direction". king charles joked about being "allowed out of his cage" during a surprise visit to an army barracks in hampshire on thursday. he was speaking during a visit to the 3 royal school of military engineering at gibraltar barracks in minley. it's his latest engagement since...
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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 shownback on its feet and
inflation has moved closer to the bank of england's 2% target and recent economic indicators have shownback on its feet and
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May 10, 2024
05/24
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the bank of england governor sounds an optimistic note on interest rates as the bank leaves them on holdident of the confederation of british industry slams the government for moves to do away with post—graduate work visas. does this represent the 'destruction of the human experience'? the new apple advert leaves a bad taste. and we'll be looking ahead to the eurovision song
the bank of england governor sounds an optimistic note on interest rates as the bank leaves them on holdident of the confederation of british industry slams the government for moves to do away with post—graduate work visas. does this represent the 'destruction of the human experience'? the new apple advert leaves a bad taste. and we'll be looking ahead to the eurovision song
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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.re 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 . bank own wallets, their. bank >> is she going to get worse?
it was the it was the bank of england . but he's failed bank of england.re 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...
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but of course it's for my ins above the bank of england a target. and this is just not the time for a victory lap of popping champagne coal, because this is a lot more than lines on the golf. it's about some of the finances and the choices of the 14 years of conception, working families and pensioners off phil was off and re to reach that who was a, is the, the shadow chose the i for use on the, on the meet with you pay politics she would be the next person in charge of the countries finances, choose her onto the label, thought to win the election, which makes a very, very good point. i mean, i put some numbers here just to give me the looking down for a sec. but, you know, if we look at the u. k. government gross debt to $2380000000.00 pounds, which is probably around that $2700000000.00, which is, which is a huge, huge amount for a country as smooth as the u. k. a not that equates to a 102.8 percent of u k g d p. which means that the government is spending more than service thing. it says that it's actually bringing in, in terms of revenue. so not
but of course it's for my ins above the bank of england a target. and this is just not the time for a victory lap of popping champagne coal, because this is a lot more than lines on the golf. it's about some of the finances and the choices of the 14 years of conception, working families and pensioners off phil was off and re to reach that who was a, is the, the shadow chose the i for use on the, on the meet with you pay politics she would be the next person in charge of the countries finances,...
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for example, imagine that the bank of england started saying we're gonna offer an account that you're gonna use, and that's gonna compete with players like bar plays and h as b c. right? and that's what actually a central bank digital currency, it's hypothetically, could be, it's not where the w t o steps in or uh yeah, yeah. so, so the re, i don't even ask of, what do you think this is against privatization, and therefore i a liberal. and so is it a radical version of c? b, c is definitely not popular among mainstream leads, right? and so, but that was a potential way of doing it in the past. as i do it, you could actually have this almost like a public infrastructure on digital payments that would compete with the private one . the reason why things like sense of bank digital currency are being discussed right now. there is not because of that radical vision. the reason is that during the pens and it goes 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 ca
for example, imagine that the bank of england started saying we're gonna offer an account that you're gonna use, and that's gonna compete with players like bar plays and h as b c. right? and that's what actually a central bank digital currency, it's hypothetically, could be, it's not where the w t o steps in or uh yeah, yeah. so, so the re, i don't even ask of, what do you think this is against privatization, and therefore i a liberal. and so is it a radical version of c? b, c is definitely not...
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May 9, 2024
05/24
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BBCNEWS
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here in the uk, the bank of england will make its monthly announcement about interest rates at mid—daynding at 5.25%. that's the highest they've been for 16 years — having been put up as a means of trying to slow inflation. let's get more from sally mitchell, who's a senior mortgage broker at the mortgage mum. i know it's very borning because this will be the sixth consecutive meeting where there has been no change. but certainly it is not going to go up. let's take some good news from it. but i don't see it being reduced yet. i think the markets are now factoring in a reduction, may be september or october time. but certainly, what i was expecting, early spring, early this year, that reduction has not happened. which is very disappointing for those who are waiting for rates to fall. sally, i don't know how much forecasting you do, but when do you think they might come down? well, up until a few days ago i was thinking really september, which would be wonderful for the government, the current government, because then they could quite happily go to the polls in november with a bit of a
here in the uk, the bank of england will make its monthly announcement about interest rates at mid—daynding at 5.25%. that's the highest they've been for 16 years — having been put up as a means of trying to slow inflation. let's get more from sally mitchell, who's a senior mortgage broker at the mortgage mum. i know it's very borning because this will be the sixth consecutive meeting where there has been no change. but certainly it is not going to go up. let's take some good news from it....
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May 1, 2024
05/24
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probably unsure about what the bank of england is going to do.wide says that first—time buyers in particular are exposed to these borrowing costs and also they face higher house prices as you say, still close to those record highs. i spoke to quite a few potential first—time buyers and they have moved back in with their parents in their 30s with all the stress and strains that that brings as well and nationwide are saying around half of first—time buyers have been rethinking their plans over the next five years simply because it is difficult to afford to buy a first home. kevin peachey, thank you. 2a people have died in china after a highway collapsed in the province of guangdong. video footage shows a number of cars which had fallen into a large crater. 30 other people were taken to hospital. it follows weeks of heavy rain and flooding in the south of the country. our china correspondent laura bicker reports. it's collapsed. it's a disaster, says this witness after watching part of the highway slide away into the darkness. a holejust opened up i
probably unsure about what the bank of england is going to do.wide says that first—time buyers in particular are exposed to these borrowing costs and also they face higher house prices as you say, still close to those record highs. i spoke to quite a few potential first—time buyers and they have moved back in with their parents in their 30s with all the stress and strains that that brings as well and nationwide are saying around half of first—time buyers have been rethinking their plans...
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May 12, 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 growth began only in the first 3 months of this year. national debt. is still high, plans to reduce it will require serious restrictions expenses for some government departments. as for the health sector, as a result of endless strikes by doctors , the waiting list not only did not decrease, but increased by about 200,000 people, but the number of migrants who storm british shores by boat decreased by a third. this really didn’t save us from tragedy. in april , five illegal immigrants died. while trying to cross the lomanche. the number of refugees, however, still remains high; sunak’s scandalous initiative to send migrants to rwanda has drawn a storm of criticism. they tried to stop the plan in the european court of human rights. even the supreme court of great britain itself recognized the bill as violating un conventions, but this did not prevent parliament from approving the prime minister’s idea. we see a very large gap between the uk government's rhetoric. support for the intern
according to the bbc, the bank of england raised interest rates 14 times, leading to spending cuts and growth began only in the first 3 months of this year. national debt. is still high, plans to reduce it will require serious restrictions expenses for some government departments. as for the health sector, as a result of endless strikes by doctors , the waiting list not only did not decrease, but increased by about 200,000 people, but the number of migrants who storm british shores by boat...
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May 10, 2024
05/24
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i hope we'll notice you mention the bank of england, the chief economist of the bank of england , hughis, the shortage of homes is being made worse by high immigration. >> you'll know that the latest figures show that the uk population increased in one year by 1.2% because of immigration. that's three times the pre—pandemic average . do you pre—pandemic average. do you think that when immigration falls, the housing crisis will ease? do you think high immigration is making it worse? >> i do think the levels of legal migration into our country have been too high. they're not sustainable. they do put too much pressure on public services and indeed, housing. and from the numbers that i inherited, we are bringing them down. i've put in place actually the most severe set of changes to migration so that we can bring those numbers down. and actually, we've got some news today. we're talking about the gdp figures for the first quarter. just last week we saw the figures for visas issued in the figures for visas issued in the first quarter and across the main visa categories. the first quarter an
i hope we'll notice you mention the bank of england, the chief economist of the bank of england , hughis, the shortage of homes is being made worse by high immigration. >> you'll know that the latest figures show that the uk population increased in one year by 1.2% because of immigration. that's three times the pre—pandemic average . do you pre—pandemic average. do you think that when immigration falls, the housing crisis will ease? do you think high immigration is making it worse?...
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but of course that for my ins above the bank of england, a target. and this is just not the time for a victory lap of popping champagne colts because this is a lot more than lines on the golf. it's about family finances. and the truth is, of the 14 years of conception, working families and pensioners all still was all the right to reach that who was is the, the shadow charles, the i for use on the, on the meet with you type politics. she would be the next person in charge of the country's finances. she's a part of the labor pots when the election, which makes a very, very good point. i mean, i put some numbers here just to give me the pin down for a sec. but you know, if we look at the u. k and a couple of gross debt, $2380000000.00 pounds, which is somebody around $2700000000.00, which is, which is a huge, huge amount for countries as smooth as the u. k. and not, not equates to a 102.8 percent of u k, g d p. which means that the government is spending more than service thing. it says that it's actually bringing in, in terms of revenue. so that's not
but of course that for my ins above the bank of england, a target. and this is just not the time for a victory lap of popping champagne colts because this is a lot more than lines on the golf. it's about family finances. and the truth is, of the 14 years of conception, working families and pensioners all still was all the right to reach that who was is the, the shadow charles, the i for use on the, on the meet with you type politics. she would be the next person in charge of the country's...
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May 10, 2024
05/24
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BLOOMBERG
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the bank of england cutting interest rates is likely because it will match the european union.of any importance to any central bank. haslinda: likely cuts for the ecb but unlikely for the fed you say, not until december at least. andrew: absolutely. the reason for that is simple. naÏvely simple. it is not that it goes 3.8, 3.7, three .6 and it is coming down. they are stuck at three and the target is 2. inflation is still higher than the actual target. what can you do? we have cpi inflation and cpe inflation for nine months. we are coming close to a year. the normal thing would have been to begin increasing interest rates. the fed says, we are going to cut interest rates. i am left a little speechless and a little worried if i heard this all right. so the fed said we will not do anything until perhaps another 2-3 months. they have to say that inflation is below 3%. and they are not saying this. i'm not quite sure if this will lead to more tears. a few months down the line we will be at the same situation. i want to present inflation and i have 3% inflation for nearly a year and
the bank of england cutting interest rates is likely because it will match the european union.of any importance to any central bank. haslinda: likely cuts for the ecb but unlikely for the fed you say, not until december at least. andrew: absolutely. the reason for that is simple. naÏvely simple. it is not that it goes 3.8, 3.7, three .6 and it is coming down. they are stuck at three and the target is 2. inflation is still higher than the actual target. what can you do? we have cpi inflation...
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May 9, 2024
05/24
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here in the uk, the bank of england will make its monthly announcement about interest rates at mid—dayed for nine months — currently standing at 5.25% — that's the highest they've been for 16 years — as a means of trying to slow inflation. let's speak to sally mitchell, who's a senior mortgage broker at the mortgage mum. what are you expecting from the bank? h0 what are you expecting from the bank? ., . ., ~ ., , , bank? no change, i know it is very borin: bank? no change, i know it is very boring because — bank? no change, i know it is very boring because it _ bank? no change, i know it is very boring because it is _ bank? no change, i know it is very boring because it is the _ bank? no change, i know it is very boring because it is the sixth - boring because it is the sixth consecutive meeting where there has been no change. but certainly it is not going to go up. let's take some good news from it. but i don't see it being reduced yet. i think the markets are now factoring in a reduction, may be september or october time. reduction, may be september or 0ctobertime. but reduction, may
here in the uk, the bank of england will make its monthly announcement about interest rates at mid—dayed for nine months — currently standing at 5.25% — that's the highest they've been for 16 years — as a means of trying to slow inflation. let's speak to sally mitchell, who's a senior mortgage broker at the mortgage mum. what are you expecting from the bank? h0 what are you expecting from the bank? ., . ., ~ ., , , bank? no change, i know it is very borin: bank? no change, i know it is...
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May 8, 2024
05/24
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CNBC
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and tomorrow we're going to hear from the bank of england we'll see if they give more hints of when they might cut rates. mostly what we're seeing today has to do with the earning season let me just share this number with you to put everything into context. as of yesterday we had heard from 64% of the european stoxx 600 companies and earnings are up 9% on the quarter so so far, a relatively positive earning season in europe we are tracking quite closely siemens energy after they raised its full year outlook for power grade equipment in the second quarter. the german energy company expects revenues to rise between 10% and 12% up from a previous range of 3% to 7%. the company also said it will replace the ceo of its wind turbine division two years after he took the job. we know that part of the business was a big concern for investors. if you look at the shares, they're moving higher by more than 12% now we're also getting a little bit of downward move when it comes to shares of bmw they have reported automotive margins of 8.8% in the first quarter. that's down from 12.1% from a year ago a
and tomorrow we're going to hear from the bank of england we'll see if they give more hints of when they might cut rates. mostly what we're seeing today has to do with the earning season let me just share this number with you to put everything into context. as of yesterday we had heard from 64% of the european stoxx 600 companies and earnings are up 9% on the quarter so so far, a relatively positive earning season in europe we are tracking quite closely siemens energy after they raised its full...
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May 10, 2024
05/24
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BBCNEWS
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of england governor yesterday saying that we've turned a corner.ice for national statistics, independently, who has put out these figures that show we have the joint fast—highest growth rate in the g7. both main parties say they want to fight the general election on the economy. this is the first parliament on record where living standards will be lower at the end than they were at the beginning. this is no cause for celebration, no cause for a victory lap. my ambitions for britain are so much greater than merelyjust coming out of recession, which is all that rishi sunak and jeremy hunt have achieved. hi, john. hi, how are you doing? back in bristol, on the longest street of independent shops in the country, it's the carpet shop that could really show if confidence is returning. people are thinking twice. when you tell them the full price, they go, "ok, maybe just have three rooms and not the stairs". so it's not like it was. it's a much harder environment at the moment. i would disagree that we're coming out of recession. i would say we're just so
of england governor yesterday saying that we've turned a corner.ice for national statistics, independently, who has put out these figures that show we have the joint fast—highest growth rate in the g7. both main parties say they want to fight the general election on the economy. this is the first parliament on record where living standards will be lower at the end than they were at the beginning. this is no cause for celebration, no cause for a victory lap. my ambitions for britain are so...
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May 25, 2024
05/24
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BBCNEWS
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of england have done but the conservatives are keen to say they have been working closely with them today and in following days. i will crop up today and in following da s. , , , ., , days. i guess they will all be lookin: days. i guess they will all be looking at — days. i guess they will all be looking at the _ days. i guess they will all be looking at the weather - days. i guess they will all be - looking at the weather forecast, it seems very important that they don't have another situation where they are standing in the rain. i wonder how closely that will be monitored! i'm sure the politicians and their advisers will also be looking at the weather forecast to see what the pictures of them might look like on the tv and in photographs in newspapers and websites! rishi sunak, when he was meeting veterans this morning, was actually asked about that moment in downing street the other day when he announced the election, it was raining heavily, he was keen to make the point that come rain orshine, he was keen to make the point that come rain or shine, he wants to go on but clearly th
of england have done but the conservatives are keen to say they have been working closely with them today and in following days. i will crop up today and in following da s. , , , ., , days. i guess they will all be lookin: days. i guess they will all be looking at — days. i guess they will all be looking at the _ days. i guess they will all be looking at the weather - days. i guess they will all be - looking at the weather forecast, it seems very important that they don't have another...
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May 2, 2024
05/24
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BLOOMBERG
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we are now expecting that both the ecb and the bank of england will cut before the fed does.sterday in powell statement, and he's right to point this out, that there is less room to wait in the euro zone in the u.k. because of a much weaker growth outlook. and he's absolutely right to point that out. that inflation dynamics are different. the energy shock is working itself out. that was always less of a factor in the u.s. the inflation picture is different across the atlantic on the grote -- growth outlook is weaker, which gives the central banks less of a luxury of waiting to see what inflation does over a longer time. they can't diverge too much. i think they might be keeping in mind what the fed is doing with the policy in europe and in the u.k. which is more so than they have let on. we've heard statements -- in europe we have heard various statements. some have said there are more important considerations. we've heard central bankers say, if the u.s. is holding rates for longer, that is a reason to cut because it will create a growth environment globally. referred slight
we are now expecting that both the ecb and the bank of england will cut before the fed does.sterday in powell statement, and he's right to point this out, that there is less room to wait in the euro zone in the u.k. because of a much weaker growth outlook. and he's absolutely right to point that out. that inflation dynamics are different. the energy shock is working itself out. that was always less of a factor in the u.s. the inflation picture is different across the atlantic on the grote --...
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May 9, 2024
05/24
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it's interest rate setting day for the bank of england.nions have called fresh strikes in argentina to protest president milei's so—called "chainsaw economics". live from london this is business today, i'm sally bundock. a former employee of boeing's biggest supplier has claimed that sections of 737 max aircraft regularly left its factory with serious defects. spirit aerosystems builds fuselages for the 737 max, which are then shipped to boeing's own plant for final assembly. speaking publicly for the first time, former quality inspector santiago paredes told the bbc that some managers actively tried to discourage him from flagging up flaws in half—finished planes. 0ur reporter theo leggett asked him just how many problems he would typically find on aircraft reaching the end of the production line: anywhere from 50 to 100, 200. you were regularly finding more than 100 faults on a plane that was being shipped? oh, yeah.
it's interest rate setting day for the bank of england.nions have called fresh strikes in argentina to protest president milei's so—called "chainsaw economics". live from london this is business today, i'm sally bundock. a former employee of boeing's biggest supplier has claimed that sections of 737 max aircraft regularly left its factory with serious defects. spirit aerosystems builds fuselages for the 737 max, which are then shipped to boeing's own plant for final assembly....
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May 21, 2024
05/24
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very big for rishi i sunak and the governor of the bank of england said today he expects quite a drop big speech that rishi sunak gave in january last year setting out his five pledges and one was to have inflation. it looks like he has now got down to target so big thing for the prime minister. and there are massive rumours in the conservative party and i stress rumours, what this means is the stars are aligning for rishi sunak and big speculation amongst conservative mps that tomorrow the prime minister will announce the date of the election. i've lost count of the number of conservative mps in the past 72 hours who have come to me. one says from his inner circle that they are all talking about it and i think it will be a slow burn election. but the prime minister will say i will go to the country in the autumn and put pressure on the labour party. a few other mps said to me we think he will announce it for the ltth of july, another veteran conservative mp said that it is ridiculous, why on earth with the promise to do it now? great that inflation is coming down but then we need the
very big for rishi i sunak and the governor of the bank of england said today he expects quite a drop big speech that rishi sunak gave in january last year setting out his five pledges and one was to have inflation. it looks like he has now got down to target so big thing for the prime minister. and there are massive rumours in the conservative party and i stress rumours, what this means is the stars are aligning for rishi sunak and big speculation amongst conservative mps that tomorrow the...
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May 30, 2024
05/24
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they're still the bank of england are still going to lower interest rates.erring personally, he's suggesting that nothing labour will do will lead to any form of success in that area. but like i said, if labour get in, is the bank of england going to now say, well, actually we've decided in august we're not going to lower interest rates, it's the oddest thing to see, isn't it? >> it's not in his power. also, you have absolute no credibility. you have overseen the highest tax burden. you've seen the biggest rise in the cost of living. and yet suddenly you're the man with the plan. well, and there's no plan. it's just a statement. >> no, but but i mean, what the implication from this is what he's saying is that, you know, the markets are going to be unsettled , which there may be unsettled, which there may be with a change of government and a change of party in government. is it going to unsettle the markets? is it going to cause problems, which is going to require the bank of england to maintain or even increase interest rates? >> i don't think they want i th
they're still the bank of england are still going to lower interest rates.erring personally, he's suggesting that nothing labour will do will lead to any form of success in that area. but like i said, if labour get in, is the bank of england going to now say, well, actually we've decided in august we're not going to lower interest rates, it's the oddest thing to see, isn't it? >> it's not in his power. also, you have absolute no credibility. you have overseen the highest tax burden....
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May 10, 2024
05/24
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from the when the bank of england.a trio of good news here. we've got confirmation that the uk economy has emerged from recession, which is clearly good news for consumer business confidence. we've got the prospect of further falls in in inflation. and finally the bank of england is starting to cut rates. so i still think we will get pretty decent growth over the over the remainder of the yean the over the remainder of the year, probably not enough to rescue the tories in a likely november election, but at least they'll be fighting on a slightly better economy than we have at the moment. >> so we're talking we're talking about a growing economy, which is which is good news. >> and indeed , since the brexit >> and indeed, since the brexit referendum, since 2016, the uk economy has grown faster than france and germany, and many european competitors, large developed european competitors . developed european competitors. but i put it i put this to you, julian, that this is like being the tallest midget. this is not a signi
from the when the bank of england.a trio of good news here. we've got confirmation that the uk economy has emerged from recession, which is clearly good news for consumer business confidence. we've got the prospect of further falls in in inflation. and finally the bank of england is starting to cut rates. so i still think we will get pretty decent growth over the over the remainder of the yean the over the remainder of the year, probably not enough to rescue the tories in a likely november...
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May 10, 2024
05/24
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bearing in mind the forecast for the year overall, even though the bank of england yesterday suggestedat fast growth over the next few quarters. this last quarter showed growth over the previous year, so if you just compare first quarter of 2024 to last quarter of 2023 is just .2%, quarter of 2024 to last quarter of 2023 isjust .2%, so quarter of 2024 to last quarter of 2023 is just .2%, so we are not out of the woods yet. we will look at what will happen, will there be a giveaway at fiscal event? it may be just before the elections to get a bit more of a beast. will interest rates full significantly? that would also give people a boost. and maybe people will feel happy about going out and spending. that is why the forecast is pretty slow growth the 2024. ., ~ , ., let's turn now to ukraine. president volodomyr zelensky says a fierce battle is under way in the kharkiv region, with russia launching what some have described as a surprise attack. small groups of troops with armoured vehicles pushed through the front line — military sources say they advanced a kilometre before being pushed
bearing in mind the forecast for the year overall, even though the bank of england yesterday suggestedat fast growth over the next few quarters. this last quarter showed growth over the previous year, so if you just compare first quarter of 2024 to last quarter of 2023 is just .2%, quarter of 2024 to last quarter of 2023 isjust .2%, so quarter of 2024 to last quarter of 2023 is just .2%, so we are not out of the woods yet. we will look at what will happen, will there be a giveaway at fiscal...
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May 10, 2024
05/24
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to join, european central bank the, by the way, the bank of england in june probably postponing thatstronger there are a inherently inflationary, wednesday is going to be a boiling, big day bad news good news we had economic news last week consumer confidence ism, the markets celebrated, yesterday we saw a break good treasury bond option. >> you still think the fed is going to cut in june? >> no. i think that was original plan i think probably wait till next meeting will cut before election the problem owners equivalent rent real estate costs, in new york, other places around the country softening, data slow to between coherence equivalent rent shelter cost index but that is a problem. we the other thing we want to see producer price index comes out, what are wholesale goods prices fallen five out of last six months we've been comrorth deflation from china strong dollar lower commodity costs to a, priced in dollars green chutes out there inflation up 19% last 3 1/2 years growth slowing stephanie pomboy worried about macrostory stephanie pomboy from macromavens with me last week. >> t
to join, european central bank the, by the way, the bank of england in june probably postponing thatstronger there are a inherently inflationary, wednesday is going to be a boiling, big day bad news good news we had economic news last week consumer confidence ism, the markets celebrated, yesterday we saw a break good treasury bond option. >> you still think the fed is going to cut in june? >> no. i think that was original plan i think probably wait till next meeting will cut before...
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May 20, 2024
05/24
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again, bank of england may cut interest rates in june, but the pace of cuts this year could be relatively slow and the bond market may have overdone it in terms of expecting three or four rate cuts. that's definitely a major risk fraid then there is treasuries, where how many times have we priced in a whole series of rate cuts, and we haven't even had the first one yet? we will get the june fomc where most likely the dot plots will have to change possibly to just one rate cut. wherever you look in the g10 space, there is a risk of too much exuberance as far as investors are concerned. tom: is there too much exuberance when it comes to equity markets? further gains today, a solid week last week, nvidia with earnings later on wednesday, how significant is goldman sachs describes this company is the most important in the world, what's your take on how significant nvidia will be? >> it is hard to argue that. there are very few single companies in the globe who can influence the macro markets. there are only one or two and nvidia is right up there. last time they did earnings was in february t
again, bank of england may cut interest rates in june, but the pace of cuts this year could be relatively slow and the bond market may have overdone it in terms of expecting three or four rate cuts. that's definitely a major risk fraid then there is treasuries, where how many times have we priced in a whole series of rate cuts, and we haven't even had the first one yet? we will get the june fomc where most likely the dot plots will have to change possibly to just one rate cut. wherever you look...
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May 24, 2024
05/24
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and the good news is we have momentum coming from the rate cuts coming real soon and the bank of england, the bank of canada, that will provide some positive momentum. >> what if the direction, let's focus on that, what if the direction leads to you a dead end, right there's the assumption you're making, well the direction is lower for rates, because the direction for the fed seems to be cuts. what happens if we're wrong? i'm not suggesting hikes but what happens if the cuts don't come for longer than we think? and i mean well longer than we think? >> well, then that's a time when investors should probably look to add to exposure in u.k. equities, european equities, areas that will benefit from those rate cuts coming more quickly. also, of course, there's quite a robust carry trade that is going on right now, because of bets around when we will start to see central banks start to cut >> steph, how do you assess this week how does it color your view in where we may go in the weeks ahead? >> i think yesterday, it was a couple of different things it was profit taking we were up 6% in the s&
and the good news is we have momentum coming from the rate cuts coming real soon and the bank of england, the bank of canada, that will provide some positive momentum. >> what if the direction, let's focus on that, what if the direction leads to you a dead end, right there's the assumption you're making, well the direction is lower for rates, because the direction for the fed seems to be cuts. what happens if we're wrong? i'm not suggesting hikes but what happens if the cuts don't come...
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May 9, 2024
05/24
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the bank of england looks set to keep rates at their 16 year high, but pressure grows for a cut.r has claimed that sections of 737 max aircraft regularly left its factory with serious defects. spirit aerosystems builds the fuselage for the 737 max. they are then shipped to boeing's own plant for final assembly. speaking publicly for the first time, the former quality inspector told the bbc that some managers actively tried to discourage him from flagging up flaws in half—finished planes. our reporter theo leggett asked him just how many problems he would typically find on aircraft reaching the end of the production line. anywhere from 50 to 100, 200. you were regularly finding more than 100 faults on a plane that was being shipped? yeah. and that's because ijust inspect certain areas. so in totality, with all the inspectors, the total amount, yeah, you'll be over 100. now, you were picking up on these faults. you were highlighting them. you were flagging them up to be repaired. what kind of response did you get from your managers? did they support you? my managers weren't always
the bank of england looks set to keep rates at their 16 year high, but pressure grows for a cut.r has claimed that sections of 737 max aircraft regularly left its factory with serious defects. spirit aerosystems builds the fuselage for the 737 max. they are then shipped to boeing's own plant for final assembly. speaking publicly for the first time, the former quality inspector told the bbc that some managers actively tried to discourage him from flagging up flaws in half—finished planes. our...
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May 21, 2024
05/24
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the bank of england seemingly wants to cut. the bank of canada may do so again. so there's a growing momentum that this is the thing to do and the fed will follow. but there's complicating stories happening here. you have the unemployment rate that is at a 2 1/2 year high, even though on a historical basis it's still low. but we see what's going on with commodity prices. >> i was just going to ask. >> can any self-respecting central banker want to cut rates when gold is at a record high, if you perceive gold as money? >> we old debate gold later in the show. what is your spin on that? it's interesting to watch cold and copper both at all-time highs. >> aluminum at a two-year high. the raw material index is at the highest level in a year. so it is broad-based, at least from the industrial metal side. silver joining the party here. now, there's no doubt that central banks have been massive buyers of gold, but that's for a reason because they don't want to own as many dollars, via u.s. treasuries. so the fed needs to pay attention to the price of gold because if the
the bank of england seemingly wants to cut. the bank of canada may do so again. so there's a growing momentum that this is the thing to do and the fed will follow. but there's complicating stories happening here. you have the unemployment rate that is at a 2 1/2 year high, even though on a historical basis it's still low. but we see what's going on with commodity prices. >> i was just going to ask. >> can any self-respecting central banker want to cut rates when gold is at a record...
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May 10, 2024
05/24
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this is the bank of england governor yesterday saying that we've turned a corner.ffice for national statistics, independently, who has put out figures that show we have the joint fast highest growth rate in the g7. both main parties say they want to fight the general election on the economy. this is the first parliament on record where living standards will be lower at the end than they were at the beginning. this is no cause for celebration, no cause for a victory lap. my ambitions for britain are so much greater than merelyjust coming out of recession, which is all that rishi sunak and jeremy hunt have achieved. hi, john. hi, how are you doing? back in bristol, on the longest street of independent shops in the country, it's the carpet shop that could really show its confidence is returning. people are thinking twice. when you tell them the full price, they go, ok, maybe just have three rooms and not the stairs. so it's not like it was. it's a much harder environment at the moment. i would disagree that we are coming out of recession. i would say we are just sort
this is the bank of england governor yesterday saying that we've turned a corner.ffice for national statistics, independently, who has put out figures that show we have the joint fast highest growth rate in the g7. both main parties say they want to fight the general election on the economy. this is the first parliament on record where living standards will be lower at the end than they were at the beginning. this is no cause for celebration, no cause for a victory lap. my ambitions for britain...
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May 13, 2024
05/24
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according to bank of england data, there's been a surge in mortgage terms beyond state pension age inhe senior role of colonel—in—chief of the army air corps to his son, the prince of wales, in a special ceremony today in hampshire. it's a role the king held for more than 30 years. duncan kennedy is there. duncan. i think it has been a pretty secial duncan. i think it has been a pretty special day — duncan. i think it has been a pretty special day for _ duncan. i think it has been a pretty special day for both _ duncan. i think it has been a pretty special day for both men _ duncan. i think it has been a pretty special day for both men today, - special day for both men today, the king and the prince of wales, the first time as you said in more than 30 years, exactly 31 years, to be precise, that the king is languishing this role as colonel—in—chief, and handing it over, so a day full of symbolism and also of course the personal touch as well, handing from father to son —— relinquishing this role. it all took place in a ceremony on the tarmac here in front of a brand—new helicopter tha
according to bank of england data, there's been a surge in mortgage terms beyond state pension age inhe senior role of colonel—in—chief of the army air corps to his son, the prince of wales, in a special ceremony today in hampshire. it's a role the king held for more than 30 years. duncan kennedy is there. duncan. i think it has been a pretty secial duncan. i think it has been a pretty special day — duncan. i think it has been a pretty special day for _ duncan. i think it has been a...
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May 22, 2024
05/24
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of england has pushed it down, rishi sunak has wanted credit for that and why he's launching this companyf what she will do the first few months in office, he has to lay that out, so there'll be arguments about how much do you put store in that? is it something people would think is being —— ambitious enough to deliver it to change you want. and texas, he dashes a message, be aware that if you vote for labour, taxes will go up, his message has resonated in the past, against the backdrop know that we have the highest taxes in living memory. taxes of reach that level after 14 years of conservative government, that would be an area where rishi sunak will try to turn the fire on labour, but you will get questions from his record as well.— from his record as well. whether voters will _ from his record as well. whether voters will vote _ from his record as well. whether voters will vote on _ from his record as well. whether voters will vote on the _ from his record as well. whether voters will vote on the relative . voters will vote on the relative issue, not even two years in office, or one ye
of england has pushed it down, rishi sunak has wanted credit for that and why he's launching this companyf what she will do the first few months in office, he has to lay that out, so there'll be arguments about how much do you put store in that? is it something people would think is being —— ambitious enough to deliver it to change you want. and texas, he dashes a message, be aware that if you vote for labour, taxes will go up, his message has resonated in the past, against the backdrop...
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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 shownk had returned to growth. the chancellor said the economy is back on its feet and pledged taxes will go down under and pledged taxes will go down under a conservative government. fin a conservative government. on welfare reform, labour has said they are against sanctions. that will mean more people on our welfare roles, not less. but conservatives know that if businesses are going to find the workers they need without depending on unlimited migration, we need to move people off welfare and into work. mel stride's welfare reforms will help i million people do just that at a cost of £2.5 billion. the obr say the impact will be to reduce the flow of people signed off work and not having to look for work by two thirds. a quiet revolution that will make sure those who can work do work and we give help where it is needed. labour doesn't want to talk about these decisions because they would duck them. but conservatives know it is simply not possible to grow the economy without a plan for where
inflation has moved closer to the bank of england's 2% target and recent economic indicators have shownk had returned to growth. the chancellor said the economy is back on its feet and pledged taxes will go down under and pledged taxes will go down under a conservative government. fin a conservative government. on welfare reform, labour has said they are against sanctions. that will mean more people on our welfare roles, not less. but conservatives know that if businesses are going to find the...
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May 18, 2024
05/24
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at the bank of england.y of london on side. i mean, it's interesting to note that on friday, the day after his big launch, right , friday, the day after his big launch, right, right leaning newspapers went with, jeremy hunfs newspapers went with, jeremy hunt's rebuttal. you know, the labour's tax bomb, essentially, whereas the financial times, whose readers, after all, are movers and shakers in the city who require information rather than propaganda , stuck with the than propaganda, stuck with the starmer story. i mean , that's starmer story. i mean, that's one point you have. i got time for another small point. >> yeah. go on, give me a minute. another point. yeah. >> the other the other big thing, of course, is the nation's security. and i think about , the prime minister's about, the prime minister's speech earlier in the week when he promised to up spending on defence and given the putin and chinese price president axius later on in the week, that is a very timely warning. however, it's all very well for
at the bank of england.y of london on side. i mean, it's interesting to note that on friday, the day after his big launch, right , friday, the day after his big launch, right, right leaning newspapers went with, jeremy hunfs newspapers went with, jeremy hunt's rebuttal. you know, the labour's tax bomb, essentially, whereas the financial times, whose readers, after all, are movers and shakers in the city who require information rather than propaganda , stuck with the than propaganda, stuck with...
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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.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 democratic a
it's not all the government working in partnership with the bank of england.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...
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May 29, 2024
05/24
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on saturday it does look like we'll see quite a lot of cloud across parts of england, maybe into wales and another bank of cloud trying to roll into northern ireland and the north west of scotland. but where we do see some sunshine temperatures doing quite nicely, 20, perhaps up to 21 degrees. and as we head into the second half of the weekend, i think similar temperatures, high teens, low 20 celsius, a fair amount of cloud at times, but still with some spells of sunshine.
on saturday it does look like we'll see quite a lot of cloud across parts of england, maybe into wales and another bank of cloud trying to roll into northern ireland and the north west of scotland. but where we do see some sunshine temperatures doing quite nicely, 20, perhaps up to 21 degrees. and as we head into the second half of the weekend, i think similar temperatures, high teens, low 20 celsius, a fair amount of cloud at times, but still with some spells of sunshine.