the scope of welcome to the bank of england told at this long run of interest rate increases on thursday one 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, that inflation, which has triggered the cost of living crisis, is at its core. says also does a patriot some 8 percent, which is something stationary vis. yeah. well the try to this a genuine be the size as a pay rise, but it's not, it's a pay got it doesn't make it depends on the proceeding. 15 years of inflation,

food prices stored 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 visit, be careful the cost separation. so if you want to realize those wind farms on 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 in a twist. our london correspondence, big loss caught up with kind offset 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 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? this it is a very high rate, it's uh, i mean they left the door open for another re tank 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 an 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 in the bank is now going to wait for that. i'm one of the type thing that we see, you know, with 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 3 in policy. so the prime minister re, she's soon a has an effect um was a dollar and some of the climate policy and visions. 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 poor in billions in cub a new trial economy and that they fear that britain this lagging behind. so it's not exactly what you 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 uh, the use of heat pumps. on the other hand, to remove the monday for landlords having to invest into 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, here i think um, if it's a complex fields, 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, it's crazy 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 middle 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 inc and 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 establish menus. now actually come out um,

fighting back and said that the establishment was, was again, so what would you make of that? you know what, i think they're kind of different people kind of have different interpretations of um, what happens 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 you can argue about kind of cutting texas lowering spending to, to, to, to push kind of the economy into more business, frankly, growth oriented way. but i think it has to be said that the way in which the implemented her decisions her, her policies there was really not taking into account the economic environment that we were in. it was already important. markets were stretched, the currency markets were point one to time because we were in this rate hike environment. and then you know, the current to 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 these policies. and i'm, you know, they, they kind of penalized a u. k economy for that,

but then blaming b, u k, a planing the to nomic 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 on the identifiable, you know, establishment or blog, a, 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 correspondent, 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 us federal reserve left interest rates on changed on wednesday and latest meeting, but fed she had her on, paul hinted at another re type before the end of the year. investors hoping for a rate cut to 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 crisis continued to weigh on the global economy,

exports and onto your countries account for around half of paul of germany's ex, japanese as 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 stake, toshiba shares, started trading on the tokyo stock exchange in may 1949 as dependent merch from birth. more to 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

got factories is located in the southern sweetest city of the best to us. here, car batteries are produced on a large scale for brands like bmw, w folks, log in involve the company is expanding mass flow 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 they put them on in the system and we add 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 northward operates another giga 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 teamwork are important to the company in the full slab newest of home. they're all 1000 employees. one of them is project manager amount of use. so again, sky, i think it's super exciting on 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 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 in several 1000000000 euros from this expansion. we design and build the battery cells, but we also build battery factories. and this is what we are here for. we have here to enable this translation with sustainable battery production on getting a scale in europe. so we are homegrown and we want to keep them in so many we want to be in the from please, 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 often. it also doubles as a lab, conducting research on nobility, architecture, and urban living. global us in ceci minutes on the w. 2 birth control pills have to do with fox with this is where the nazis experimented with contraceptive method subjecting women to unimaginable cruelty under the guise of such the last survivors tell their story. to me, you know, space, the untold story of block 10 in 75 minutes on d w. the change can be viewed as natural conclusion

of the like the trying to change the age of enlightenment could 300 year old ideas be responsible for today's problem. and could they help us solve them? i believe our futures in our past, the initial can of the beginning of the done as a series of the great philosophers to our present and future. the enlightenment says, progresses in our hands and that means so is requests. it's up to the series project and starts on services on dw,

the is this the, the, the news line from the talks on the corner of kind of back end without agreement, opposing sides have meant to discuss the future of the disputed region. as president secures, as a by john the breaking the latest face. 5 also on the program. you're pregnant, present involved him is the landscapes has, he's had a good meeting with congressional leaders in washington and ones that ukraine can only when it's port against russia's inpatient with us, simple and new life from stem cells, scientists and israel drugs, something resembling acumen, embryo.