battery make are trying to set up production in germany. it's called a welcome to the robot. the bank of england called at the long run, the interest rate increases on thursday. when day after is the price slowing and britain's fast pace of price growth. the central banks monetary policy committee decided by a narrow margin to keep the key lending rate at 5 and a quarter percent before the b u. e had increased rates for 14 straight times trying to attain galloping inflation, but thereby adding more pressure onto the u. case already, ailing economy. doctors walking out to demand higher pay. u. k has been gripped by strikes since last year ramp it. inflation, which has triggered the cost of living crisis, is at its core a petri some 8 percent. which is self inflationary vis. yeah. well, does that try to disingenuous be despised as a pay rise, but it's not, it's

a pay got, it doesn't make it depends on the proceeding. 15 years, compensation food prices sort, the 13.6 percent and the last 12 months. and reckon housing costs applying pressure on u. k. households. disposable incomes dwindling. since december 2021. the bank of england has been raising interest rates to cub inflation. that means high interest rates for mortgages, and that puts consumers on wednesday, u. k. prime minister research do not announce new net 0 targets in an attempt to ease pressure on households, westminster is weakening its climate goals. industry responded swiftly. erratic policy shifts are hampering the case ailing manufacturing sentiment. while the country has been a trailblazer for green policies failed, the government action is hurting investments and some sectors, including wind energy, the sect are high,

sorry. they have one quick break and visit. be careful, the costs have risen. so if you want to realize those wind farms of time, you'll have to accept that the costs have increased somewhat. the latest policy shift isn't expected to do much to attract more investment to the u. k. but it may very well leave businesses and consumers and that twist our london correspondence, big loss caught up with kind always said of the center for economic and business research. and she asked them what he made of the b o. each decision to pause raising interest rates. so i think after yesterday's inflation data, we knew it was going to be a very close decision. and indeed, 5 members voted for holding interest rates for voted for the hike. so very close call indeed, and the, what the bank of england really is looking at is on the one hand and the even market and see, we know that unemployment has risen. so in the bank of england's books that's, that's a positive because some select is emerging. but the good news yesterday from yesterday really is that inflation in the service of sector quote, inflation,

which hasn't shown any signs of moving in the right direction previously. that has to down in the data yesterday, and that has been enough thing to tip the scale as to what's holding rates for now . so do you think this is the end of, of actually the right height that we've been seeing recently? i mean, it's still of quite a high right us. it is a very high rate, it's a, i mean they left the door open for another re type potentially before the end of the year. this was our kind of main predicts and before the decision that was announced today, i think the bank of england is now going to look at the data, see if inflation is going to prove perhaps more to keep and anticipated, in which case we might see another right hike, but i think i think the odds are on now that this might actually be the lowest grade type that we're going to see. and the bank is now going to wait for that amount. if you type thing that we see, you know what the past few months to pass through to the economy. if we're looking at all the policy decisions that recently made headlines, one is about green policies. so the prime industry, she's soon

a has an effect. um was a dollar and some of the climate for the c emissions. and he has own quite a lot of criticism even from from business for example, from the british chamber of commerce. the mentioning that other countries are pouring billions and called the new trial economy. and that they fear that britain this lagging behind, so it's not exactly what he had helpful. so yeah, i think it goes to the core of really some very complex decisions which phase a lot of developed economies really is kind of, how are we going to transform our economies? intended 0 economies, how much is it going to cost and who's going to pay at the front of these costs? and um, yesterday i think there were a lot of things to impact. i think there were some positives, for example, the increase in the subsidies for heat pumps to 7500 pounds. so that should help the uptake of a, the use of heat pumps. on the other hand, to remove the mandate for landlords having to invest into uh, you know,

making how is this making homes more energy efficient? so that could really mean that the private rent of sector was back behind and that the company's ation of the housing stock. the key policy announced with another one was of course the delay of the band of federal cars from pushing that back from 2030 to 2055. but again, he, i think um, if it's a complex fios, i think our own studies actually showed that there was quite a huge cost to society to consume itself of having that band that early. you also have to see that the you also has a band in place that is only coming into effect in 2035. so the u. k is now in line with that. on the other hand, of course, as, as you rightly mentioned, businesses crave certainty. they want to know what other policy guidelines, what are the frameworks that we have to operate in. and then changing um, you know, changing these guidelines from minus one day to the next one week to the next is creating a lot of uncertainty, which we have plenty of them to you. okay, already over the past few years. and this is a, there's potentially a negative full investment here. yes. just a year ago. and this trusts was

a british prime minister for less than 2 months. and she really shocked the economic establishment. she's now actually come out um, fighting back and said that the establishment was, was again, so what, what do you make of that? yeah, well i think they're kind of different people kind of have different interpretations of um, what happens uh, i think certainly the diagnosis of kind of the is, you know, what's justified. we have a low growth economy. we're stuck a bit in a low growth trap and you know, something should be done about that. and so you can argue about kind of cutting taxes, lowering spending to, to, to, to push kind of the economy into a more business monthly growth oriented way. but i think it has to be set, that's the way in which implemented her decisions. her, her policies there was really not taking into account the economic environment that we were in. it was already one markets was stretched, the currency markets were point one to time because we were in this rate hike environment. and then you know, the current markets and one markets just didn't take kindly to the fact that there was no real costing. and no real plan of how we were going to pay for all of these

policies. and um, you know, they, they kind of penalized okay. economy for that. but then blaming the u. k. planing the tunnel make establishment. so something like that i think is, goes a little bit too far. it's a little bit of an easy excuse for and, and then to file the, you know, establishment or blah, blah, whoever that might be. i don't really think it's a good excuse for that. that was kind ourselves economist at the center for economic and business research. talking to the w, corresponded big boss, and you can watch the entire interview on the dw news youtube channel now to some of the other global business stories making news. the u. s. federal reserve left interest rates on changed on wednesday as late as meeting, but said she had her own paul hinted at another rate height before the end of the year. investors hoping for a rate cuts may have to wait longer as rising old prices add to ongoing inflationary pressures. germany's exports to countries outside the european union fell for the 2nd month in a row and august. demand from the united states and china declined as high interest

rates, and the energy prices continue to weigh on the global economy. exports to non, to you. countries account for around half of all of germany's ex. dropping is an ex tonics giant toshiba, will leave the stock market after 74 years. a group of investors planned to take the company private after buying a majority, stick to she buy shares, and started trading on the tokyo stock exchange in may 1949. as dependent merch from birth more, 2 spaces include home electronics and nuclear power stations. many countries trying to push electric mobility are turning their attention toward sweden, vast resources of magnesium, cobalt or nickel, has made it a hub for e v battery production, which is giving swedish battery maker north fold a real like up, mid rise and global demand. the company is expanding to norway and germany, a reporter for somebody serious visited their plant in suite. one of north faults

golf factories is located in the suburb sweetest city of best to us. here, car batteries are produced on a large scale for brands like bmw, w folks, log in involve the company's expanding massive fluid because demand is enormous. am on the, on the high end. no thoughts chief environmental officer explains how that particular efficient battery cells work. and you put them together next to each other, so as you can see it, and the 1st we've been modules, which is a smaller, um, uh uh, components where we just put the sales next to each other. and then we put them all in the system and we add to the electronics and the, the system that controls the batteries and decides to what temperature they need for optimal charging or how they should be charged and discharged at different speeds. further up north northwell operates another gig, a factory us largest 200 football fields,

employing up to 4000 workers for the plant annual production of batteries. for $1000000.00 electric vehicles, the different battery cells and effects are for each automaker. the onboard computer and the car controls how the batteries are discharged evenly. it also manages the charging process to ensure that the car gets to over 50 percent in half an hour. creative thinking and teamwork are important to the company in no fault slap, you know, stuck home. they're all 1000 employees. one of them is project manager amount of use. so again, sky, i think it's super exciting all next week. i think of best 3. first of all, it's a very complex product with different people that have to collaborate to really make this happen at scale. it's engineers from all different disciplines. it's of course, business backgrounds, it's production people that you know, everyone needs to come together to really deliver at to make this common mission come to life. from here,

they are planning to new giga factories in no way in germany. the swedish company intends to invest several 1000000000 euros for this expansion. we design and build the battery itself, but we also build battery factories and this is what we are here for. we are here to enable this transition with sustainable battery production on giga scale. in europe, so we are homegrown and we want to keep them in so many we want to be in the, from the lead and show that you can do this in a sustainable way. all location so currently being expanded because of increasing demand. and in germany, it will soon look the same northwell, they'll have a key got factory operational by the end of 2025, and pulling 3000 workers for the investment of 4 and a half 1000000000 euros. that is our show. thanks for watching service successful. the,

this utopia has a long way to go near vienna. the city of the future is being built on a former deerfield, this sustainable neighborhood will be home to more than $25000.00 people. they start off then it also doubles as a lab, conducting research on nobility, architecture and urban living, global us in 90 minutes on d. w. well, the in progress of pop calls to everyone who wants to know more about this topic. the 2nd son of about this story is beyond the headline in progress. the w talk costs dw store on pick. so we in fact, every day, the room cost. i used to work for free our

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suggestions that it will stop some.