on the eve of the publication of the privileges committee report into whether borisjohnson misled parliament over breaching lockdown rules, the knives are out... ..again. and the former prime minister is determined to cut his detractors down. borisjohnson accuses bernard jenkin, one of four tories who signed off the committee report, of a total

contempt of parliament over his own lockdown behaviour, and says he should recuse himself. we'll be asking the political writer and johnson biographer andrew gimson and the shadow leader of the house thangam debbonaire how they think this sorry tale will end. also tonight... with gilt rates throught the roof and inflation refusing to plunge, will interest rates have to rise and result in more mortgage misery? we'll be asking an economic adviser to chancellorjeremy hunt and a former bank of england insider. we have a report from the palestinian territories on how young people see the political situation there. what do you hope for? we all hope for the same thing, to liberate palestine. but what does that really mean? and what does the question really mean, what do you hope for? i can hope for many things. and whatjust happened in california? it's a new world record. tonight we'll bejoined by a record—holding super cuber who's going to show us how its done.

good evening. in the house of commons today the writ was moved for the by—election to replace borisjohnson as the mp for uxbridge and south ruislip. tomorrow we are expecting to see the report by the privileges committee that prompted the man who was prime minister this time last year to quit as an mp last week. borisjohnson is going down and appears determined to drag those he blames for his downfall with him. following allegations made today by the website guido fawkes that bernard jenkin, one of four tories on the privileges committee that signed off the report, attended birthday drinks in parliament during covid restrictions, borisjohnson has called on him to resign from the committee. nick's here. nick, we will come to bernard jenkin in a moment, but first, what can you tell us about what is going to hit at nine o'clock tomorrow morning? it is a 30,000 word report, lots of addendums, lots of evidence will be published and i was told that it takes you to hours to read the body of the report. tonight i spoke to

somebody who is familiar with the contents of this report, and they told me it is damning and it is damning on page after page. i should say, i haven't seen the report, i have to wait until nine o'clock in the morning tomorrow like everyone else, but i've been told that the committee have taken a particularly unfavourable view of something that sort of became apparent on the day that borisjohnson gave evidence to that borisjohnson gave evidence to that committee. famously in parliament, borisjohnson told mps that he had been advised by officials that all covid rules had been followed in downing street at the time of what were then the alleged parties during the lockdown in downing street. written and oral evidence of that was published by the committee on the day of his evidence session showed that those are very downing street officials said to the then prime minister, be careful about making those sorts of claims, and it looks like they've really picked up on that in the committee side looked so, let's move

on, guido fawkes put out the story about bernard jenkin, what can you tell us about it? borisjohnson is absolutely on the warpath over this story that was broken by the guido fawkes website which was reporting that the most senior conservative mp on that committee attend an event in westminster to mark his wife's birthday in december 2020 whilst indoor restrictions were in place and as you say, borisjohnson and bernard jenkin have not got on for many years even though they are both brexiteers, and he said to him that he should quit the committee. the host of the party, damon along, deputy speaker of the commons, said she was very careful to observe social distancing rules, and sir bernard jenkin told guido fawkes website i did not attend anyjoints parties in lockdown. his supporters are saying that this revelation because into question the entire credibility of the privilege�*s report. earlier i spoke to cath

haddon of the institute for government and she says that there is a difference. i government and she says that there is a difference.— is a difference. i think it is a problem _ is a difference. i think it is a problem for _ is a difference. i think it is a problem for bernard - is a difference. i think it is a problem for bernard jenkinl is a difference. i think it is a i problem for bernard jenkin to is a difference. i think it is a - problem for bernard jenkin to deal problem for bernard jenkin to deal with in_ problem for bernard jenkin to deal with in the — problem for bernard jenkin to deal with in the same way as the entire partygate — with in the same way as the entire partygate story was a problem for anyone _ partygate story was a problem for anyone accused of breaking the covid rules _ anyone accused of breaking the covid rules i_ anyone accused of breaking the covid rules. i think in terms of the privileges— rules. i think in terms of the privileges committee, what they were looking _ privileges committee, what they were looking at— privileges committee, what they were looking at is a contempt of parliament about misleading the house, — parliament about misleading the house, that's a very different question. _ house, that's a very different question, and ultimately it will be for the _ question, and ultimately it will be for the entire house to decide what to do— for the entire house to decide what to do with — for the entire house to decide what to do with what the committee have found _ to do with what the committee have found the — to do with what the committee have found. the fundamental thing they were looking at was the question of misleading the house, whether it was deliberate. _ misleading the house, whether it was deliberate, whether it was reckless, and that— deliberate, whether it was reckless, and that is— deliberate, whether it was reckless, and that is the issue that they will be publishing their report on, the issue _ be publishing their report on, the issue that — be publishing their report on, the issue that bernard jenkin worked with the — issue that bernard jenkin worked with the rest of the committee on. | with the rest of the committee on. spoke to with the rest of the committee on. i spoke to one ally of boris johnson spoke to one ally of borisjohnson who said this is going to give legitimacy to his claims about the committee but i spoke to a member of the cabinet, they said bernard jenkin, this bernard jenkin revelation makes absolutely no difference, we have had enough of borisjohnson, borisjohnson should boris johnson, boris johnson should buzz borisjohnson, borisjohnson should buzz off. boris johnson, boris johnson should buzz off. obviously they didn't say buzz off. obviously they didn't say buzz off, it was stronger than that.

thank you very much indeed, img or i am joined now by labour's thangam debbonaire, shadow leader of the commons. are there legitimate questions here about bernard jenkin? as you just heard kath haddin explain, iwant as you just heard kath haddin explain, i want to explain, this was an inquiry about whether on not borisjohnson had lied and misled the house of commons and by extension the public and if so, whether or not he corrected the record. it was not an investigation into whether or not they were lockdown parties, we know that there were. we have had a police investigation and the sue gray investigation and the sue gray investigation this was specifically about whether or not he misled the house, and we constituted that committee as a house, we voted for that committee to conduct this inquiry, we know what the rules of the inquiry are, we voted for harriet harman to chair it and they have done theirjob and they have sifted the evidence and we will read it tomorrow morning. but sifted the evidence and we will read it tomorrow morning.— it tomorrow morning. but the opposition — it tomorrow morning. but the opposition were _ it tomorrow morning. but the opposition were always - it tomorrow morning. but the |

opposition were always asking earlier on, during partygate and everything else, whether people had broken lockdown rules, so, it may be of a different order and yes, this is about misleading parliament, but if bernard jenkin actually broke lockdown rules, doesn't boris johnson have a point, surely the forces behind whoever�*s making the judgements, these forces have to be unimpeachable? i sat judgements, these forces have to be unimpeachable?— unimpeachable? i sat in parliament and heard boris— unimpeachable? i sat in parliament and heard boris johnson _ unimpeachable? i sat in parliament and heard boris johnson say - and heard borisjohnson say repeatedly that no parties had taken place or that no rules had been broken, and we then saw the evidence of our own eyes, pictures. that is what this inquiry is about, and this is a distraction by borisjohnson from the central question of whether or not he lied. he has got form on this, kirsty, a couple of years ago, let's remember, he attempted to change the rules after another inquiry which was into one of his friends, and this is what he does when an inquiry that is properly done does not produce the result he wants, he then complains. we

done does not produce the result he wants, he then complains.— wants, he then complains. we know what boris johnson's _ wants, he then complains. we know what boris johnson's fate _ wants, he then complains. we know what boris johnson's fate is - wants, he then complains. we know what boris johnson's fate is pretty i what borisjohnson�*s fate is pretty well likely to be... we what boris johnson's fate is pretty well likely to be. . .— what boris johnson's fate is pretty well likely to be... we haven't seen the report- — well likely to be... we haven't seen the report- but _ well likely to be... we haven't seen the report. but we _ well likely to be... we haven't seen the report. but we are _ well likely to be... we haven't seen the report. but we are pretty - well likely to be... we haven't seen the report. but we are pretty sure, | the report. but we are pretty sure, b his the report. but we are pretty sure, by his own — the report. but we are pretty sure, by his own hand, _ the report. but we are pretty sure, by his own hand, he _ the report. but we are pretty sure, by his own hand, he is _ the report. but we are pretty sure, by his own hand, he is going - the report. but we are pretty sure, by his own hand, he is going to - the report. but we are pretty sure, by his own hand, he is going to be| by his own hand, he is going to be leaving parliament. just finally on this, if it turned out that a member of, you know, a labour mp, it turned out that we didn't know about, had actually broken lockdown rules, surely we would want to know that, too? �* ., , surely we would want to know that, too? �* . , . surely we would want to know that, too? �* . ,., , . surely we would want to know that, too? �* . , ., , ., too? but that is a separate question than whether _ too? but that is a separate question than whether or _ too? but that is a separate question than whether or not _ too? but that is a separate question than whether or not boris _ too? but that is a separate question than whether or not boris johnson i than whether or not borisjohnson lied to the house of commons and by extension the public, and that, i've seen nothing so far that makes me doubt whether or not the members of that committee, let's not forget it was a majority tory committee, bernard was not the only one, whether or not that committee was capable of assessing whether or not borisjohnson lied, that is what they were asked to do, and that is they were asked to do, and that is the skill that they were using. i(eir the skill that they were using. keir starmer's strategy was to try to tie borisjohnson and rishi sunak together but i think everyone would agree that rishi sunak has done a pretty good job of separating

himself? pretty good “ob of separating himself? , ,, .,~ pretty good “ob of separating himself? , ,, ., ,, ., himself? rishi sunak on friday when he could have _ himself? rishi sunak on friday when he could have been _ himself? rishi sunak on friday when he could have been doing _ himself? rishi sunak on friday when he could have been doing any - himself? rishi sunak on friday when l he could have been doing any number of things, dealing with the cost of living crisis or sorting out the doctor strikes, living crisis or sorting out the doctorstrikes, instead living crisis or sorting out the doctor strikes, instead he was tied up doctor strikes, instead he was tied up dealing with borisjohnson�*s tarnished resignation honours list, that shows that he is just as weak as ever and hisjudgment is really shocking. as ever and his 'udgment is really shockina. ., ~ as ever and his 'udgment is really shockina. ., ,, , ., , as ever and his 'udgment is really shockina. ., ~' ,, , . shocking. thank you very much. andrew gimson, _ shocking. thank you very much. andrew gimson, you _ shocking. thank you very much. andrew gimson, you know - shocking. thank you very much. j andrew gimson, you know boris johnson well, you are his biographer, it is completed different, isn't it, what has happened in terms of misleading parliament and possibly though we don't know for sure allegations of breaking lockdown rules? i don't know for sure allegations of breaking lockdown rules?- don't know for sure allegations of breaking lockdown rules? i think it is a treat breaking lockdown rules? i think it is a great mistake _ breaking lockdown rules? i think it is a great mistake to _ breaking lockdown rules? i think it is a great mistake to have - breaking lockdown rules? i think it is a great mistake to have had - breaking lockdown rules? i think it is a great mistake to have had this privileges— is a great mistake to have had this privileges committee because boris johnson _ privileges committee because boris johnson has already been rapidly and severely— johnson has already been rapidly and severely punished, his own party sacked _ severely punished, his own party sacked him because they knew he had become _ sacked him because they knew he had become very, very unpopular in the country— become very, very unpopular in the country and — become very, very unpopular in the country and that many members of the public— country and that many members of the public regarding his behaviour over partygate — public regarding his behaviour over partygate as indefensible. ministers for generations to come will be very. _ for generations to come will be very. very— for generations to come will be very, very careful what they say about _ very, very careful what they say about this — very, very careful what they say about this sort of thing because it has already led to the downfall of

boris _ has already led to the downfall of borisjohnson. why have has already led to the downfall of boris johnson. why have the privilege _ boris johnson. why have the privilege committee, it is completely superfluous, and it is this mentality defended by very reputable people like the institute of government, the whole of life can be determined by rules, it can't, it's a _ be determined by rules, it can't, it's a ntatter— be determined by rules, it can't, it's a matter ofjudgment.- it's a matter of 'udgment. given that we have _ it's a matter ofjudgment. given that we have got _ it's a matter ofjudgment. given that we have got that... - it's a matter ofjudgment. given that we have got that... given l it's a matter ofjudgment. given i that we have got that... given that we have got _ that we have got that... given that we have got it... _ that we have got that... given that we have got it... this _ that we have got that... given that we have got it... this idea - that we have got that... given that we have got it... this idea that - we have got it... this idea that an bod we have got it... this idea that anybody who — we have got it... this idea that anybody who sits _ we have got it... this idea that anybody who sits in _ we have got it... this idea that anybody who sits in judgment l we have got it... this idea that - anybody who sits in judgment should be unimpeachable themselves, do you hold with that?— hold with that? yes, i think if a 'udte in hold with that? yes, i think if a judge in any — hold with that? yes, i think if a judge in any other _ hold with that? yes, i think if a judge in any other court - hold with that? yes, i think if a judge in any other court is - hold with that? yes, i think if a | judge in any other court is found hold with that? yes, i think if a - judge in any other court is found to have _ judge in any other court is found to have broken— judge in any other court is found to have broken the law, out goes that judge, _ have broken the law, out goes that judge, i_ have broken the law, out goes that judge, i like bernardjenkin, i think— judge, i like bernardjenkin, i think he— judge, i like bernardjenkin, i think he is— judge, i like bernardjenkin, i think he is a fine parliamentarian, i think he is a fine parliamentarian, i have _ think he is a fine parliamentarian, i have no— think he is a fine parliamentarian, i have no idea whether he broke the rules— i have no idea whether he broke the rules or— i have no idea whether he broke the rules or not — i have no idea whether he broke the rules or not but on the face of it it looks — rules or not but on the face of it it looks very, very bad. to rules or not but on the face of it it looks very, very bad.- rules or not but on the face of it it looks very, very bad. to you see any parallels _ it looks very, very bad. to you see any parallels between _ it looks very, very bad. to you see any parallels between the - it looks very, very bad. to you see any parallels between the mood i it looks very, very bad. to you see - any parallels between the mood music here and the atmosphere that is around borisjohnson and also with donald trump? i around boris johnson and also with donald trump?— donald trump? i think there are --alabl donald trump? i think there are palpably similarities, _ donald trump? i think there are palpably similarities, there - donald trump? i think there are palpably similarities, there are l palpably similarities, there are also great differences and i think

burras— also great differences and i think burrasjohnson is not the same as donald _ burrasjohnson is not the same as donald trump. and i also think that our system — donald trump. and i also think that our system is much better to the american — our system is much better to the american system, we can shut people out, we _ american system, we can shut people out, we can— american system, we can shut people out, we can sack people, we sacked margaret _ out, we can sack people, we sacked margaret thatcher, in a general eiection— margaret thatcher, in a general election we sacked winston churchill, we can sack whoever we like and _ churchill, we can sack whoever we like and that is part of being a free _ like and that is part of being a free country, we don't have term limits, _ free country, we don't have term limits, and — free country, we don't have term limits, and the americans have great difficulty— limits, and the americans have great difficulty getting rid of an unpopular president daryl is there a sense, _ unpopular president daryl is there a sense, though, among conservative members. _ sense, though, among conservative members, did you think, of boris johnson — members, did you think, of boris johnson being mistreated? yes, but actually— johnson being mistreated? yes, but actually they do want him to shut up and go _ actually they do want him to shut up and go away because they realise they have — and go away because they realise they have a diminishing chance of winning _ they have a diminishing chance of winning the next election and they won't _ winning the next election and they won't if— winning the next election and they won't if they have a civil war, and one of— won't if they have a civil war, and one of the — won't if they have a civil war, and one of the things that the conservative party is quite good at is uniting — conservative party is quite good at is uniting in— conservative party is quite good at is uniting in it sound self interest capeiie _ is uniting in it sound self interest capelle but it is interesting you say that — capelle but it is interesting you say that a — capelle but it is interesting you say that a civil war is not what is needed, — say that a civil war is not what is needed, but actually, it seems that boris _ needed, but actually, it seems that borisjohnson is in the mood for a bil borisjohnson is in the mood for a big fight, — borisjohnson is in the mood for a big fight, and there for he will be in a sense —

big fight, and there for he will be in a sense risking disunity in his party, _ in a sense risking disunity in his party, further disunity? unless his character— party, further disunity? unless his character has completely changed, which _ character has completely changed, which is _ character has completely changed, which is possible, he is not a man who bears — which is possible, he is not a man who bears grudges, he is magnanimous and he _ who bears grudges, he is magnanimous and he likes— who bears grudges, he is magnanimous and he likes to make the call and to make _ and he likes to make the call and to make things up, sol and he likes to make the call and to make things up, so i think that after— make things up, so i think that after making this great protest and greatly— after making this great protest and greatly disconcerting his somewhat and bugging critics, he will want to make _ and bugging critics, he will want to make peace. and and bugging critics, he will want to make peace-— make peace. and what part of that makint make peace. and what part of that making peace _ make peace. and what part of that making peace will _ make peace. and what part of that making peace will be _ make peace. and what part of that making peace will be setting - make peace. and what part of that making peace will be setting up i make peace. and what part of that making peace will be setting up al making peace will be setting up a separate conservative party, will that be part of it? ida. separate conservative party, will that be part of it?— that be part of it? no, certainly not he certainly _ that be part of it? no, certainly not he certainly won't - that be part of it? no, certainly not he certainly won't set - that be part of it? no, certainly not he certainly won't set up i that be part of it? no, certainly not he certainly won't set up a l not he certainly won't set up a separate — not he certainly won't set up a separate party, no. oddly enough, people— separate party, no. oddly enough, people say— separate party, no. oddly enough, people say that they condemn him as a liar. _ people say that they condemn him as a liar. very— people say that they condemn him as a liar, very tempting, they don't realise _ a liar, very tempting, they don't realise that he is actually loyal to the institutions he belongs to and he does _ the institutions he belongs to and he does actually, not only is he flagrantly — he does actually, not only is he flagrantly inaccurate about many things. _ flagrantly inaccurate about many things, but he also tells the truth. , loyal. _ things, but he also tells the truth. , loyal, would he want to come back into the house, would he want to stand for henley? he

into the house, would he want to stand for henley?— into the house, would he want to stand for henley? he is not a great parliamentarian _ stand for henley? he is not a great parliamentarian but _ stand for henley? he is not a great parliamentarian but he _ stand for henley? he is not a great parliamentarian but he would i stand for henley? he is not a great parliamentarian but he would lovel stand for henley? he is not a great i parliamentarian but he would love to come _ parliamentarian but he would love to come back— parliamentarian but he would love to come back in and he loves henley, he is certainly _ come back in and he loves henley, he is certainly loyal to henley. and tive ve is certainly loyal to henley. and give very much _ is certainly loyal to henley. fific give very much indeed. in the wake of the infamous autumn mini budget designed by the shortlived prime minister, liz truss and chancellor kwasi kwarteng, the gilts rates shot up and the markets went into meltdown. the regime changed and rish sunak promised to halve inflation this year to ease the cost of living and give people financial security. but he didnt plan to have short term gilt yields higher than his predeccessor, triggered by 7.6% private sector wage increases, but that's what's just happened. that in turn raises the chances — now flagged by the chancellor — of another interest rate rise in order to hit stubbornly high inflation. the high gilt yields haven't spooked the markets this time, but a further interest rate rise would hit many with mortages hard — again. here's ben. are we being sucked back into an economic crisis we thought we d escaped? this is the chart which is fuelling that perception. it shows uk sovereign two—year borrowing costs.

as you can see, they re now above the levels seen in wake of last autumn's mini—budget chaos — when, you will remember, we were fixated on this kind of data. the good news is that the economic context today is different. after kwasi kwarteng and liz truss unfunded tax cuts last autumn, not only did government borrowing costs spike, but the but the pound slumped, too. but now sterling is strengthening. what that means is that investors are not this time dumping uk assets in a panic. rather they are pricing in the bank of england to raise its own short—term interest rates considerably higher than previously expected. possibly up from current levels of 4.5% to 5.75%. it s this expectation which is pushing up short—term uk market borrowing costs. why would the bank and its governor andrew bailey hike interest rates still further? because we seem to have a sticky domestic inflation problem here in the uk, and to have it worse

than other developed countries. let s illustrate it looking through newsnight s global tracker lens. look at the uk core inflation — that s inflation which strips out volatile food and energy prices — versus others in the g7. at 6.8% it s higher here than everywhere else and still rising. and that s clearly reflected in the uk s two year borrowing costs — the data we showed you before — versus the rest of the g7. note that the uk s costs are now even higher than the us. why does it matter to you? because higher interest rates push up mortgage and housing costs. take someone with a £200,000 mortgage who needs to refinance. an extra 1.25 percentage points on mortgage costs adds up to an extra £157 per month on repayments. interest rates of 5.75% would probably help crush inflation but also at the risk of pushing the uk into a recession that we thought we'd dodged. rates that high could also have

profound implications for our politics, interfering with hopes for pre—election tax cuts from the tories or for post—election spending increases from labour. bear this key fact in mind — only around a third of the pain of rate rises has so far filtered through to uk households. the tough question for the bank of england is whether the uk really does have profoundly stickier inflation than other countries. not all economists think that. and some suspect the markets have overreacted. if the bank itself goes too far and raises interest rates too high it might inflict needless pain. what would be the saddest thing is if the bank of england felt the need at this stage to kind of do more than was necessary. the data is probably going to come on side for the uk in the way that it has elsewhere, elsewhere policymakers went through this exact thing of

when is inflation going to turn? it has turned in the us, it has turned in the euro area and the likelihood it will turn in the uk, it'sjust that it's taking longer for that process to feed through. but it has to be said that the uk inflation has repeatedly come in worse than the bank of england expected. and it is wary of being caught out again. rightly or wrongly, that points to further rate rises — and all the attendant consequences. we're nowjoined by sushil wadhwani, an economic adviser to chancellorjeremy hunt and tony yates, former head of monetary policy strategy at the bank of england. thank you both are coming in. is the bank of england in danger of going too far and raising more rates before we know the impact of the previous rate rises? i before we know the impact of the previous rate rises?— previous rate rises? i think it is very important _ previous rate rises? i think it is very important that _ previous rate rises? i think it is very important that the - previous rate rises? i think it is very important that the bank i previous rate rises? i think it isj very important that the bank of england worry about the possibility that inflation is becoming embedded. we have now had three successive months where cpi inflation has come

in higher than expected. of course, more recently we have had wage growth actually make new highs. there is a risk of a wage rise spiral developing and therefore it is very important that the bank of england. all are fully blown wage rise spiral like the 1970s. and for that reason it's important that they keep tightening, however cognizance of the concern of over tightening, i suggest that they go slowly and resist the siren voices this time? 12 rises in a year, is that wise? i2 rises in a year, is that wise? their hand has been forced by what has happened to inflation. i agree a lot with _ has happened to inflation. i agree a lot with what's being said, but one of the _ lot with what's being said, but one of the key— lot with what's being said, but one of the key points is only a third of the impact — of the key points is only a third of the impact of what they have already done has _ the impact of what they have already done has come through. it may turn out they— done has come through. it may turn out they have done almost as much as they need _

out they have done almost as much as they need to — out they have done almost as much as they need to. so out they have done almost as much as they need to-— they need to. so if you hang on, not to do anything _ they need to. so if you hang on, not to do anything in — they need to. so if you hang on, not to do anything in the _ they need to. so if you hang on, not to do anything in the next... - they need to. so if you hang on, not to do anything in the next... i i to do anything in the next... i would probably hike two, but not much _ would probably hike two, but not much more than that. so would probably hike two, but not much more than that.— would probably hike two, but not much more than that. so the cost of livint much more than that. so the cost of living which — much more than that. so the cost of living which is _ much more than that. so the cost of living which is stubbornly _ much more than that. so the cost of living which is stubbornly high, i living which is stubbornly high, could another rise... we were trumpeting the fact that we didn't have a recession, but is there a danger they could put us into a recession?— recession? yes, that is the balancing _ recession? yes, that is the balancing act _ recession? yes, that is the balancing act they - recession? yes, that is the balancing act they are i recession? yes, that is the l balancing act they are trying recession? yes, that is the i balancing act they are trying to manage — balancing act they are trying to manage. we could manage this process of us all— manage. we could manage this process of us all getting poorer because of hi-h of us all getting poorer because of high energy prices by having very ti-ht high energy prices by having very tight monetary policy keeping it close _ tight monetary policy keeping it close to — tight monetary policy keeping it close to target, but that would have been calamitous. | close to target, but that would have been calamitous._ been calamitous. i know the us doesnt been calamitous. i know the us doesn't have — been calamitous. i know the us doesn't have the _ been calamitous. i know the us doesn't have the same - been calamitous. i know the us doesn't have the same issues i been calamitous. i know the us. doesn't have the same issues we been calamitous. i know the us i doesn't have the same issues we have in terms of inflation, butjust pause? in terms of inflation, but 'ust tause? ., ., in terms of inflation, but 'ust ause? ., ., , in terms of inflation, but 'ust tause? . ., , ,, , pause? the data is less benign in the uk, so _ pause? the data is less benign in the uk, so probably— pause? the data is less benign in the uk, so probably not. - pause? the data is less benign in the uk, so probably not. what i pause? the data is less benign in i the uk, so probably not. what does differentiate — the uk, so probably not. what does differentiate us _ the uk, so probably not. what does differentiate us from _ the uk, so probably not. what does differentiate us from the _ the uk, so probably not. what does differentiate us from the us? i the uk, so probably not. what does differentiate us from the us? why | differentiate us from the us? why isn't the same medicine a good idea?

there are some key differences between us and the us. the first is that we suffered a bigger energy price shock than the us because the us is not a net importer of energy prices. so as tony was saying, we needed to respond differently. but a second key difference we have seen wage growth meaningfully decelerate in the us. this time last year wage growth in the us was five and three quarters percent, now it is four and a quarter percent. in the uk by contrast, wage growth has actually picked up. also in the us, cpi inflation has come down significantly. it was only ll%, the latest release. while here, it remains unacceptably high. it is over 8.5%. remains unacceptably high. it is over 8596-—

remains unacceptably high. it is over 8.5%. , , ., , over 8.5%. given this and everything we have been _ over 8.5%. given this and everything we have been talking _ over 8.5%. given this and everything we have been talking about - over 8.5%. given this and everything we have been talking about and i over 8.5%. given this and everything | we have been talking about and given the fact we are more than 99% likely to have an election next year, what would you say to jeremy to have an election next year, what would you say tojeremy hunt? would you say dump any idea of tax cuts before an election? i you say dump any idea of tax cuts before an election?— before an election? i think it is very important _ before an election? i think it is very important that _ before an election? i think it is very important that fiscal- before an election? i think it is| very important that fiscal policy move in concert with monetary policy and not make the bank'sjob more difficult. any decision on tax cuts doesn't have to be made today. it can be made in a few months�* time. by can be made in a few months�* time. by then it is possible, in fact i�*m hopeful that inflation will have come down by the spring of next year. in come down by the spring of next ear. ., , ., ., ., year. in the telegraph tomorrow, allister heath _ year. in the telegraph tomorrow, allister heath is _ year. in the telegraph tomorrow, allister heath is going _ year. in the telegraph tomorrow, allister heath is going to - year. in the telegraph tomorrow, allister heath is going to say i year. in the telegraph tomorrow, allister heath is going to say the | allister heath is going to say the looming mortgage catastrophe proves that liz truss was right? liz looming mortgage catastrophe proves that liz truss was right?— that liz truss was right? liz truss made several _ that liz truss was right? liz truss made several mistakes. - that liz truss was right? liz truss made several mistakes. the i that liz truss was right? liz truss made several mistakes. the first | made several mistakes. the first thing, she attacked the independent economic institutions. she attacked

the bank of england, she attacked the bank of england, she attacked the obr and she undermined the credibility of these institutions. had we had liz truss policies combined with what is going on to inflation, mortgage rates would already be 8%, knocked 6%. tom; already be 8%, knocked 6%. tony yates, already be 8%, knocked 6%. tony yates. has _ already be 8%, knocked 6%. tony yates, has the _ already be 8%, knocked 6%. tony yates, has the bank _ already be 8%, knocked 6%. tony yates, has the bank of _ already be 8%, knocked 6%. tony yates, has the bank of england actually failed throughout this? they didn�*t think inflation was going to be so high and the bank of england didn�*t think inflation was going to be so stubborn? what england didn't think inflation was going to be so stubborn? what has hat-ened going to be so stubborn? what has happened to _ going to be so stubborn? what has happened to inflation _ going to be so stubborn? what has happened to inflation has - going to be so stubborn? what has happened to inflation has not i going to be so stubborn? what has happened to inflation has not been l happened to inflation has not been great _ happened to inflation has not been great but— happened to inflation has not been great. but i think it is a lot better— great. but i think it is a lot better than the alternative, which, as i better than the alternative, which, as i said _ better than the alternative, which, as i said before, that have been very— as i said before, that have been very tight — as i said before, that have been very tight monetary policy and been really— very tight monetary policy and been really harsh on the real economy and the pain— really harsh on the real economy and the pain that had been shared out much _ the pain that had been shared out much less— the pain that had been shared out much less equally. | the pain that had been shared out much less equally.— the pain that had been shared out much less equally. i know you have a treat much less equally. i know you have a great fondness. _ much less equally. i know you have a great fondness, but _ much less equally. i know you have a great fondness, but the _ much less equally. i know you have a great fondness, but the bank - much less equally. i know you have a great fondness, but the bank of i great fondness, but the bank of england is to have an external review, do you think your former colleagues, you say they didn�*t have anything else they could do that wouldn�*t be catastrophic, but where there are other ways they could have tackled this in with the external

review be critical?— tackled this in with the external review be critical? they don't have many tools- _ review be critical? they don't have many tools- they _ review be critical? they don't have many tools. they have _ review be critical? they don't have many tools. they have the - review be critical? they don't have many tools. they have the tools i review be critical? they don't have. many tools. they have the tools the government give them, interest rates and quantitative easing, so they did. and quantitative easing, so they did they— and quantitative easing, so they did. they tightened monetary policy a bit, _ did. they tightened monetary policy a bit, maybe not enough, may be too much? _ a bit, maybe not enough, may be too much? do _ a bit, maybe not enough, may be too much? , ., a bit, maybe not enough, may be too much? ,, ~' a bit, maybe not enough, may be too much? i. ,, a, ,, a bit, maybe not enough, may be too much? ,, ,, ., much? do you think the bank of entland much? do you think the bank of england should _ much? do you think the bank of england should be _ much? do you think the bank of england should be reflecting i much? do you think the bank of england should be reflecting on | much? do you think the bank of i england should be reflecting on its own decision making abilities and this is an external review? i own decision making abilities and this is an external review?- this is an external review? i think it is very important _ this is an external review? i think it is very important that - this is an external review? i think it is very important that all i this is an external review? i think it is very important that all of i this is an external review? i think it is very important that all of us| it is very important that all of us reflect on what has gone wrong in recent years. i agree with tony, that the bank�*s job was vastly complicated by what happened in terms of the very sad invasion of ukraine and what that did two commodity prices. that certainly made theirjob or challenging. but i think everybody has lessons to learn and we must certainly reflect on this experience. this wasn�*t supposed to happen, this dislodging of inflation expectations, which then risks a recession wasn�*t

supposed to happen. and we need to learn from that.— learn from that. thank you both very much indeed- _ at least 79 have drowned after a fishing vessle carrying migrants capsized off the coast of southern greece, the dealiest shipwreck off greece this year, a reminder of how precarious these journrys are, even in good weather. these images show the crowded boat before it went down. 100 people have been rescued but greek officials fear many more may have been on board. the tragedy comes as more than 1,400 people have been detected crossing the english channel in the past four days. the uk government had previously claimed some success in getting numbers down. here�*s anna on what headway, if any, the government is making on sorting out what they have termed our "broken" asylum system. people who cross the channel make up a small proportion of net migration figures, but it�*s what they symbolise which can anger the public, and that�*s a lack of control. stopping the boats is a key rishi sunak pledge and in dover last

week he said his plans are having an impact. for the first time, numbers are down, so, this year, january to may, the numbers crossing are down by 20%. butjust this morning the home secretary acknowledged the challenges. the numbers keep rising because the boats keep coming. and that is the flow of casework and that is what we are also working on to reduce. so, with high numbers crossing the channel in recent days, what�*s the full picture? this pink line shows the number of people who were detected arriving in the uk via small boats every month in 2022. the peak was injuly, at around 8700, in a yearly total of nearly 16,000. for this year, there�*s only data up to may, but so far, more than 7600 migrants have made thejourney, which is around 2000 less, compared to the same time in 2022. the migration observatory,

which analyses data in a nonpartisan way, says it is too soon to say whether tougher policies such as the proposed illegal migration bill, are having an effect. to try and apply the idea that it�*s all about policy to the reasons that the numbers have gone down is problematic, and as i say it is likely to be premature, it�*s better to look at this over a longer period of time. we�*ve seen some big numbers of people crossing the channel in recent days, the weather is obviously warm and sunny, what impact do you think that could have in the coming weeks? it depends on so many other factors. we don�*t know, for example, whether or not we are going to see more albanians start to come to the uk again or whether or not that is something that has now been dealt with. generally speaking, international experience suggests that deterrence policies on their own don�*t tend to have that much of an impact. the asylum application backlog has been on the rise since 2016 with more than 166,000 people awaiting a decision at the end of last year. while they wait, often in hotels, they are mostly unable to work.

this all costs £6 million every day. louise calvi has worked with asylum seekers for 16 years and regularly visits asylum hotels. we've got families living in one small room, kids trying to do their homework, you've got people sharing their rooms that weren't built to be shared. i think the biggest overriding concern in those hotels, though, is the utter desperation that people are feeling. people are living like that for years. the government would say that it is going to be moving thousands of asylum seekers into other types of accommodation, such as barges, and away from expensive hotels which obviously cost the taxpayer, what do you make of that plan? if you wanted to save money you would simply process the asylum decisions quickly, it doesn't take a long time to see that someone from afghanistan needs status. i think this is about the performance of hostility. barges aren't cheap, barges aren't free, and the consequence of putting

someone on a barge? the impact on their ability to integrate, to find work, to learning which, their health outcomes, are all disastrous, for everyone. the combination of new arrivals and a large asylum backlog impacts local authorities. the conservative leader of kent county council says it can negatively affect education, housing and public health, as well as community cohesion. authorities are very, very conscious of the pressures on us. we will always seek to discharge the wide—ranging responsibilities we�*ve got, as i say, whether it is in relation to asylum seeking, whether it is in relation to other schemes such as the afghan scheme and homes for ukraine. but clearly any level of reduction in pressure will help to ease the challenges that local authorities face. today, a crowded boat carrying migrants capsised off the coast

of greece with at least 79 dead. the government argues its tough policies would save lives, while reducing the unprecedented strain on the uk�*s asylum system. but with many more channel crossings expected over the summer, there are genuine fears about how much more strain the system can take. the population of palestine is young — under—14s alone make up 38% of people there. exclusive data shared with the bbc suggests that they are increasingly rejecting the idea of a two—state solution to the israeli—palestinian conflict. the palestinian center for policy and survey research has tracked the changing views of 18? to 29—year—olds for a decade and says its work demonstrates that this generation, which has never had a chance to vote for or against the palestinian authority, supports the dissolution of its own leadership. the bbc has travelled to the region to meet a cross—section of this young generation. this report from producer

yousef eldin and newsnight�*s international correspondent nawal al—maghafi. the pa does not represent the voice of not only my generation, not only of the younger generation, but palestinians at large. i'm tired of these questions, and they've been asked for so many years and they've not brought change. with no national election in the occupied palestinian territories since 2006, a generation has grown up without

a voice in their country�*s future. for many, it has raised questions about their own future and encouraged a young generation to protest their situation in a variety of ways, from culture to militancy. i don�*t think we have the luxury of saying that anything we do, art or otherwise, is not political. because we exist in a very, very precarious kind of situation, so anything we do, anything we produce, is the byproduct of the ecology in which we exist. i have to think twice before saying something or posting something online. i know that everything has repercussions. our basic rights are violated from the occupation forces, so,

why are we also experiencing a similar violence from what is supposed to be our own leadership? exclusive data shared with the bbc has tracked the changing views of 18— to 28—year—olds over the last decade. it suggests this generation shows a growing trend of dissatisfaction for their own leadership. the youth discontent is driven, to a large extent, by one, the lack of legitimacy that they see in the political system, without elections since 2006... so, we have a president, who for the last 14 years has been ruling without electoral legitimacy. support for violence is also the highest among this age group, 18 to 22 and 23—29, compared to those who are their parents and grandparents. the youth tend to believe

that diplomacy is futile and that the israelis understand nothing but the language of force. in the west bank, this was not always the case. shots fire. it is 2am in thejenin refugee camp, and members of thejenin brigade are conducting training exercises. several young, new militant groups have emerged in the occupied west bank over the last year, who claim to be independent of known militant groups and publicly reject links to political parties in the occupied palestinian territories.

17—year—old jennet counts herself as one of the world�*s youngest journalists. she travels the west bank with her mum�*s and delivering reports to her online audience of over 500,000 followers. i started journalism at the age of seven when i realised that there weren�*t enough journalists covering what�*s happening. all of our laws, everything that gets passed, has to get through the israeli occupation to come to us. we cannot think that we can actually establish a well representative government of us and of our interests under occupation.

many palestinians like mejd who were born inside the border of israel, born inside the border of israel find themselves excluded from being part of any palestinian system. i'm not recognised as part of the system in the west bank. i'm not supposed to vote. actually according to israeli law i'm not even supposed to be here. you're talking about a system where the community injerusalem is unable to participate, you're talking about a system that doesn't allow refugees to participate in the policy—making. it's not even democratically elected, and there is no processes for representation that are real. although the two—state solution is still held up as the path to any future peace process, support for it is falling, with the least support amongst young palestinians. the very clich d two—state solution, western—made, without looking at the real situation. it's not about a state, if you ask me, because a five—year—old can take a look at the map and tell you, itjust doesn't work. i'm tired of these questions, like, what do you hope for? _

what is happening? na—na—na... they all ring the same to me, and they've been asked - for so many years, and they've not brought change. _ and i think it's time i to change the questions. i don't think that it's a question of a solution, at that, i think really we as palestinians should be brave enough to pioneer new ways of governance, to propose new ways of being that are not, they're not limited to 19th—century notions of statehood. because this just feeds again - into the same loop that we've been going through for so many years, | it's not going to change anything. and it's not even expanding anybody's horizon. - go to films from 20 and 30 years ago, what do you hope for? i we all hope for the same thing,

to liberate palestine. _ but what does that really mean? and what does the question really mean, what do you hope for? i i could hope for many things. you know? we're going to do the papers slightly earlier than normal tonight. beginning with the times... moving on to the guardian... again, the picture of the family united. scientists create synthetic human embryos in stem cell breakthrough. the daily telegraph... and on the left, johnson accuses mp on partygate committee of hypocrisy. and on the right—hand families united in grief, vigilfor the murdered students. and in the ft, rishi sunakfeels murdered students. and in the ft, rishi sunak feels the heat. when the hungarian sculptor and

professor of architecture erno rubik invented the eponymous cube in 1974, i wonder if he ever imagined that that his brightly—coloured three by 3x3 puzzle would become a worldwide craze, selling more than a50 million of the bright, plastic cubes. or that a 21—year—old american speedsolver called max park, who has competed in tournaments all over the world, would solve the puzzle in 3.13 seconds, shaving 0.34 seconds off the previous record. but that just happened! yes! applause and cheering. gasps and cheering. i'm joined now by george scholey, who is a former uk champion and currently holds the guiness world record for most rubik�*s cubes solved in 2a hours

when you watched thatjust now, what did you feel like when he did that and broke that were record? 50. and broke that were record? 50, eah, and broke that were record? so, yeah. the _ and broke that were record? srr, yeah, the community, we were and broke that were record? sr3, yeah, the community, we were so and broke that were record? s513, yeah, the community, we were so glad because that previous world record had been held for so long, about 4.5 years, so it is actually quite a big dealfor it to years, so it is actually quite a big deal for it to be finally broken, and max parker out of everyone deserved it the most, he's amazing. how much has the cube changed since right back in the beginning? 50. right back in the beginning? so, uuite a right back in the beginning? so, quite a lot. _ right back in the beginning? s513, quite a lot, people have been competing in it doing speed solving since about 1981 was the first world championships, held in budapest. but since then people have started by modifying them, sending them, but now we have our own kind of bespoke cubes that are made for us and that kind of comes with magnets inside, like a nice tactile click when your turn. like a nice tactile click when your turn, ., like a nice tactile click when your turn. . ., i. like the modern ones, it is a good point that you're mentioning that, because everyone has their own different turning style, so i like one that is on the loose aside, and

one that is on the loose aside, and one that is on the loose aside, and one that has