supplies from getting to global markets. they're deliberately underselling in order to push oil prices up. and that's aggravating our inflation issues here in the western world, particularly in a country like the uk, where we are now . martin the uk, where we are now. martin and pip are net energy importer, but i really have no idea which way this is going to go. i'd say on balance, the bank of england hasn't quite got the imagination to change its mind and hold rates . i don't think there's rates. i don't think there's enough intellectual divert and cognitive on the cognitive diversity on the committee, but it could just happen. it might just happen that they hold rates. and if they do hold rates, then it will be a real shot in the arm for business sentiment, for consumer sentiment in uk, people will sentiment in the uk, people will start the beginning start saying it's the beginning of cost of living of the end of the cost of living crisis . we can get back to crisis. we can now get back to normal. if they do raise normal. but if they do raise rates again, then i think the continued sort of air of doom and gloom that's overshadow and gloom that's been overshadow knowing british economy knowing the british economy pretty the end of the pretty much since the end of the covid pandemic certainly covid pandemic and certainly since ukraine, that since the war in ukraine, that will continue for another month or they hold rates and

or two if they do hold rates and that decision is expected any second now. >> liam, if they do hold them, could we start seeing rates starting to come down maybe towards the 4% area in the near future .7 future? >> i'm literally checking my phone here, pip, as we speak. you keep your eyes if you. liam we are being told now it has been held. >> it's been held . at 5.25. your >> it's been held. at 5.25. your reaction ? that's that's very, reaction? that's that's very, very interesting. >> what's going to happen now is that the pound will likely fall because traders were expecting an interest rate rise. on balance, what will happen now is so—called two year swap rates will change. so mortgage companies quite quickly will start competing and offering cheaper loans. we've already had mortgage rates coming down over recent weeks because of an expectation that this would be the peak in interest rates if indeed there was a rate rise. if we look at my graphic now, i hope it's on the screen . you can hope it's on the screen. you can see that rates have been ultra

low, 0.1% back in 2021. they stayed really low during the covid pandemic period. then we had those 14 consecutive rate rises all the way up to 5.25% with this hold . and there will with this hold. and there will now be a wave of opinion that uk interest rates have now peaked . interest rates have now peaked. i certainly hope that's the case because that would certainly boost our ailing economy and would boost consumer sentiment and would be considered a relief for the millions of young families around the country who are struggling to meet rising mortgage payments . and this, in mortgage payments. and this, in my view, is good news. >> and liam to have good news twice in two days feels extraordinary , isn't it? it's extraordinary, isn't it? it's been such a long time since millions of homeowners and business owners have had news like this, particularly with mortgage owners who are being squeezed at both ends on soaring repayments on their properties and also the price of their food , their petrol, their electricity . fantastic news at

electricity. fantastic news at long last. what do you think this means for the kind of recovery of the uk economy in general? now >> well, let's not get beyond ourselves. they have held rates. they're not bringing rates down. but it's certainly better, in my view , than a rate rise. i do view, than a rate rise. i do think this could at least be a waypoint towards the end of the cost of living crisis and businesses will now start to believe that they can start to borrow to invest because hopefully rates are now clearly coming down. households will start to believe that there's an end to their misery of rising fuel payments, rising energy costs, rising mortgage payments which have really act as a dampener on consumer sentiment and retail sales more generally look , there are many possible look, there are many possible flies in this ointment. we could easily have another energy price spike this autumn . it depends spike this autumn. it depends a lot. now on geo politics. what's geo politics? that's the really

big picture of how countries interact with each other strategically. geo politics means what will the opec oil exporters cartel do ? will they exporters cartel do? will they will they try and squeeze the western world even more by pushing up the price of oil from where currently is, $95 where it currently is, $95 a barrel, up from 70 earlier this summer. that's a 35% rise that almost no one has been talking about on television. but it's absolutely huge economically . absolutely huge economically. will the opec exporters cartel working with the russians energy giant saudi and russia working together, push oil over $100 a barrel? and once again complicate the western world's ability to tackle inflation? many imponderables economics is always about risk and uncertainty. martin and pip, but you're absolutely right. yesterday's inflation down uk interest rates today held good news, good news. thank you very much , liam , i need to keep you there. >> i know you might like to go and have a drink after that news, but i just need to keep

you there for a second. i think what what asking you now what what i was asking you now was they've been held, will was if they've been held, will we see them come down further? and over the coming and could we over the coming months? get closer to months? now see us get closer to maybe 4% i think four. >> i don't think we'll see 4% for a while. pip in terms of the bank of england's base rate, with with all respect , i mean, with with all respect, i mean, i've been looking down the barrel of a of a camera talking to you since this decision. i haven't read the bank of england's press i england's press release. i haven't read the minutes of the monetary policy committee. i will get off camera will as soon as i get off camera and come to you again later and i'll come to you again later in show and tell you what in your show and tell you what i think is really going on, because depends on what because it depends on what the monetary committee monetary policy committee thinks. i suspect this was a knife edged either knife edged decision. either 5 to 4 in favour of a hold or possibly 6 to 3 in favour of a hold. that's among the nine economists on the bank of england's monetary policy committee . but it strikes me committee. but it strikes me that one strategy they may have will be a kind of table top mountain strategy. you take rates a certain period, rates to a certain period, a point, and then you keep them

flat and high in order to really squeeze inflation expectations out the system , to push down out of the system, to push down on wage bargaining , to slow the on wage bargaining, to slow the economy right to down get rid of those upward price pressures, or instead of going for a sort of table top mountain type model, they go for alpine they could go for an alpine mountain a peak rates mountain, a peak with rates touching 5.25, staying there, and then coming down rapidly. it all depends on the data pip economics is what we call iterative. you have to decide as you go, as new information comes to the fore . to the fore. >> liam, i just want to get your thoughts because we are getting more information now and it was a close decision for four a very close decision for four people, five of the nine people on the committee voted to raise the rates. four of them voted to raise . yep yep . raise. yep yep. >> and that means five must have voted to hold. so that is as close as it gets by a whisker. it'll be really interesting to see who that who that swing

voter was and it will be really interesting to see what side of that divide the governor of the bank of england, andrew bailey, was on. was he on the side? that one, or was he outvoted with other members of the monetary policy committee , mpc, members policy committee, mpc, members from the bank of from outside the bank of england, the so—called independent members? they're not really independent enough for my taste , by the way, but they are taste, by the way, but they are non bank of england staffers . non bank of england staffers. it'll be interesting to see if the governor was outvoted. andrew bailey has come in for a lot of criticism over the last couple of years for saying repeatedly during 2020 and 2021 that post pandemic inflation would be, quote, transitory . would be, quote, transitory. many of us told him he would it wouldn't be transitory. many of us told them that after the pandemic, there be a real inflation spike as a wall of demand hit a global economy which couldn't respond in time because of post pandemic supply chain issues. the bank of england wouldn't have it. they were wrong and they were completely wrong and they were completely wrong and they were late in starting to raise interest andrew

interest rates. and andrew bailey figurehead of bailey was the figurehead of those is he now on the those errors. is he now on the wrong side of his own monetary policy committee, which he chairs? that's what i'll be looking for. west since i get off this discussion, can i just get one other that's very final thought from you, liam. >> just one final thought, because this information is coming in as you're talking the monetary policy committee also downgraded its forecast for the economy. it now expects gdp to rise just 0.1% in the third quarter of this year compared with the 0.4 rise that it forecast last month . obviously forecast last month. obviously i find that baffling. >> i'll have to see why they think that that's certainly not what a lot of private sector forecasters think. i mean, it was only a few weeks ago that the office for national statistics found , if i can put statistics found, if i can put it like this, a whole load of growth down the back of the sofa

that they hadn't considered. so our gdp performance was enormously upgraded . it may be, enormously upgraded. it may be, though, that in to order try and justify that interest rate hold, the bank is forced casting that the bank is forced casting that the economy is going to be more subdued. i'll have to look into the details of that. that does seem to me to be a slightly odd position for the bank of england to take. it's easy for to take. but look, it's easy for me to stand outside on the street and talk. the people on the mpc, they have got a difficult job navigating us through this very difficult penod through this very difficult period money, pippa period. but for my money, pippa martin, today they made the right decision. >> and liam , just before we let >> and liam, just before we let you go, there are rumours of protests today outside the bank of england. did anything occur ? of england. did anything occur? >> yeah, it was a very kind of it wasn't a particularly energetic protest. it was a small number of people, maybe a dozen , calling for no more rate dozen, calling for no more rate rises and calling for a windfall tax on the uk's banking sector.

i think, by the way, the second of those 2—2 issues, a windfall tax on banks will very much come into the offing in the months to come ahead of a general election . i wouldn't be surprised if certainly the labour party made a formal proposal in their manifesto for a windfall tax on banks the same way that the conservatives have obviously done a windfall tax on north sea oil and gas providers. but it wasn't a violent protest. it was very good natured , very good very good natured, very good humoured and it certainly hasn't bothered me as i've been broadcasting here to gb news viewers and listeners . viewers and listeners. >> liam, thank you so much . just >> liam, thank you so much. just to bring you as well, some reaction from the governor of the bank of england, andrew bailey. he says inflation has fallen lot recent months. fallen a lot in recent months. we it will continue to do we think it will continue to do so news. but so. that is welcome news. but there is no room for complacency , he warns. we need to be sure inflation returns to normal and we will continue to take the decisions necessary to do just that. decisions necessary to do just that . that is the latest that. that is the latest comments from the governor of the bank of england . andrew

the bank of england. andrew bailey and it was 5 to 4 bailey yeah, and it was 5 to 4 voting in favour of holding rates versus 6 to 3 in favour of raising them back in august. >> so it seems a nice calm settled into the bank of england. thank you. liam halligan for twice in one week bringing us and millions of people watching home owners and business owners. >> some fantastic news, more reaction in the reaction coming in from the chancellor, jeremy hunt. he is saying uk is starting to see saying the uk is starting to see the turn against high the tide turn against high inflation. we're starting. we will continue to do what we can, he says, to help households struggling with mortgage payments. now is the time to see the job through, says the chancellor . the job through, says the chancellor. we're on the job through, says the chancellor . we're on track to chancellor. we're on track to halve inflation this year and sticking to our plan is the only way to bring interest and mortgage rates down. that's the reaction from chancellor jeremy hunt. superb . well, here at >> superb. well, here at gb news, want know what you news, we want to know what you think and how the big political decisions of the day will affect you. >> yes. >> yes. >> throughout show, will >> throughout the show, we will be speaking to people up and down country hear down the country to hear what they about today's they are saying about today's interest rate decision.

>> south—west >> and our south—west of england, moody is england, reporter jeff moody is in molton pannier market in south molton pannier market for us today. hello to you there, jeff. so live news just coming in. bank of england held firm interest rates to stay flat. what's the reaction from people over there ? people over there? >> that's right. well, inflation down, interest rates staying the same . is this the end of the same. is this the end of the cost of living crisis or at least the beginning of the end? i always find pannier markets a good sort of barometer of how trade is going and how business is going and how the of is going and how the cost of living is affecting people. so let's going let's find out. i'm going to talk i'm going to talk to talk to i'm going to talk to this gentleman, pete , from the this gentleman, pete, from the fruit veg store . hello to fruit and veg store. hello to you, pete. good morning. good morning. afternoon technically, it is just gone midday and of course, at midday you were busy serving customers, you may serving customers, so you may not heard that interest not have heard that interest rates stayed same . how rates have stayed the same. how good that good news for you? good is that good news for you? that's make any difference? really. i've got no mortgage, but obviously savings . it would but obviously savings. it would have been nice for me if the

interest rate had gone up, which means more for savings . means more for savings. >> but the only thing sorry concern for me is childcare for my daughter and she's still back in kent. got an extortionate rate on her mortgage, but she managed to get a fixed deal. but it's the childcare that she has to pay £900 a month for two days a week. crikey that's a lot of money, isn't it? >> that's a lot of money. they're saying this could be the beginning of the end of the cost of living crisis. is that what you do you feel that you feel? do you feel that things better? how's things are getting better? how's business here? >> business is great here. >> well, business is great here. yeah is good. so busy yeah it is really good. so busy every day. well, thursday and saturday. yeah. i don't i can't see it getting better. some pnces see it getting better. some prices are coming down. other pnces prices are coming down. other prices are coming down. other prices are going up. obviously with the seasons. yeah >> okay. brill, thank you very much indeed for that. really appreciate that. pete, let's go

and talk to some of the other ones. i want to go and head to this pick and mix over this pick and mix store over here because hoping to get here because i'm hoping to get a freebie, it'll be freebie, but it'll be interesting hear what he interesting to hear what he thinks. always very good thinks. it's always a very good barometer, of how barometer, i think, of how people feeling looking at people are feeling looking at pannier markets like this and looking at the trade there. hello to you, ian . you hello to you, ian. you definitely the best looking definitely have the best looking store the entire market. store in the entire market. thank you very much. now we've just heard in the last five minutes that interest rates have stayed same. how do you feel stayed the same. how do you feel about that? >> well, hoping , you know, being >> well, hoping, you know, being a saver, i was hoping that was going up five and going to go up to five and a half. but five is okay. >> so another person that actually wanted them to go up, we don't often talk about savers, do we normally talk savers, do we? we normally talk about that have about people that have mortgages, course , the mortgages, but of course, the other side when the other side of that, when the banks building societies banks and building societies pass savings on, is that pass those savings on, is that it's good for savers, isn't it? exactly >> you know, well, i've always been a saver, so, you know , i'm been a saver, so, you know, i'm quite happy when it goes up. you know, they're saying that this could now be the beginning of

the end for the cost of living crisis because inflation is down slightly. >> interest rates are staying the same. there's definitely a sort of breath of fresh air. finally in the economy. isn't there? do you feel that business wise? i do. >> i do. it's you know, it's progressing nicely as i as i see it. you know, it's i mean, markets have been a little bit bomb proof, haven't they? >> because during the cost of living crisis, because you haven't got the huge overheads that lot companies have, that a lot of companies have, you don't have the huge fuel bills, you have property bills, you don't have property bills, you don't have property bills well. is how you bills as well. is that how you found it ? found it? >> i found that, mind you, i travel to come here. i live in a place with crediton and so it's sort of like a 50 mile round trip for me. so i do, you know, still have the fuel costs to consider. it's a good local consider. but it's a good local crowd here. you know, they support the market very, very well. and just delighted to be part of it. >> and it's been voted the best market in the country, isn't it? yeah and it's very easy to see

why. what's your most popular product here? what's the thing that people most? that people buy most? >> oh, i think i think something like know, the sort of like these you know, the sort of higher range type of suits but but it all sells, you know, the idea of is for the kiddies, you know, on the front of the store there, which is easier for mums to pick up a few bags here and there and it all seems to go well . well. >> brilliant. well, i'm glad things are going well you >> brilliant. well, i'm glad thin i'm re going well you >> brilliant. well, i'm glad thin i'm sorry ng well you >> brilliant. well, i'm glad thin i'm sorry you're l you >> brilliant. well, i'm glad thin i'm sorry you're not you >> brilliant. well, i'm glad thin i'm sorry you're not being and i'm sorry you're not being able to save as much as you want to save, but we're going be to save, but we're going to be down the next of down here for the next couple of hours. so if you do happen to be in south in north devon near south molton, down. us your molton, come down. give us your opinion. here for a opinion. we'll be here for a couple of hours yet. jeff just one important question one very important question for you our viewers, you on behalf of our viewers, maybe don't the maybe who don't live in the south west, can you just tell us what a pannier market is or am i being really thick when i ask that question ? that question? >> i'm going to do a very good journalistic thing and i'm going to deflect that answer to somebody else. >> what exactly is a pannier

market? do you know? >> a penny market is in the olden days, you know, they used to have sort of panniers on the on the side of a if you if a bicycle , if you like, it's got bicycle, if you like, it's got panniers on it where you can take things to the market to sell. >> so like a like a basket on a bike. yeah. >> yeah. that's something that's, that's the meaning of the word pannier. >> right. okay okay. are they exclusive to the southwest ? exclusive to the southwest? because i do see them everywhere in southwest , but i've never in the southwest, but i've never known market somewhere else. >> i, i have no idea. no idea, to be honest. >> no, it's named after the, >> no, but it's named after the, the pannier that the basket on a bike so you can come in. in the old days you'd come down on your bike with your pannier, your big basket on the bike and you'd fill it with goods. see i did know after brilliant jeff, thank you so much. >> sure of our viewers >> i'm sure lots of our viewers and listeners will appreciate that and i should that one. pannier and i should know this because i did french a—level, but it derives from the french meaning basket and so

literally means basket market. >> yeah. so the fella got it right and jeff blagged it. well done jeff. you blagged it live on you put the spot and on tv, you put on the spot and you with very, very you dealt with it very, very well. you live and learn. superb. okay, coming up, superb. okay, well, coming up, sunak guns sunak sticks to his guns with his gamble. despite his green gamble. despite criticism from within his own party. we'll have the latest from westminster right the from westminster right after the weather . weather. >> that warm feeling inside from boxt boilers. proud sponsors of weather on . gb news. weather on. gb news. >> hello, i'm alex burkill . >> hello, i'm alex burkill. here's your latest gb news weather update. we have further showers to come as we go through the next few days and these do bnng the next few days and these do bring the risk of some thunder, but we're also to have but we're also going to have some at the some chillier nights. at the moment heavily under moment we are heavily under the influence low pressure influence of low pressure sitting north the sitting just to the north of the uk. bringing the uk. this is bringing the blustery showery blustery weather and showery with this occluded front bringing focus of the bringing the focus of the showers parts of scotland showers across parts of scotland and ireland as we go and northern ireland as we go through of the day, some through the end of the day, some of heavy.

of these could be quite heavy. also intense also some heavy, intense downpours developing across parts the english channel. parts of the english channel. and these could reach some coastal parts in the south—east across more central eastern parts of england. we're going to have could turn have some clear skies could turn quite chilly here and some pockets and fog are pockets of mist and fog are likely the likely as we go through the early of friday. friday early hours of friday. friday then getting off to a bright sunny across many parts of sunny start across many parts of england, but plenty showers england, but plenty of showers across and across the north—west and western wales and western parts of wales and a cloudier showery picture across parts scotland and northern parts of scotland and northern ireland. cloud is to going ireland. the cloud is to going bubble across england. bubble up across england. so turning a cloudy we go turning a bit cloudy as we go into afternoon with a into the afternoon with a scattering of showers developing, some developing, though, notice some bright developing across bright skies developing across parts and northern parts of scotland and northern ireland. temperatures may be down to down a degree or two compared to today, 18 today, with highs around 18 celsius staying windy across parts of orkney and shetland . parts of orkney and shetland. and later friday, a ridge of high pressure will build from high pressure will build in from the going to the west. so that's going to quieten weather quieten down our weather somewhat, taking us into a chilly night friday night into saturday. itself then saturday. saturday itself then should be a largely fine and bright , if not day for bright, if not sunny day for some. the rain returning some. but the rain returning in time by by that warm

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a.m. till noon on gb news, britain's news . a.m. till noon on gb news, britain's news. channel >> you're with the live desk. >> you're with the live desk. >> welcome back, rishi sunak has insisted the uk can still meet climate targets despite putting

the brakes on net zero policies. rishi is delayed the 2030 ban on new petrol and diesel vehicles to 2035. the ban on gas boilers has been delayed , as has the ban has been delayed, as has the ban on boilers, relying on heating oil in off grid homes and policies to force landlords to upgrade energy efficiency, to ban c of properties have been scrapped . scrapped. >> and also sunak says he's rowed back on the net zero agenda to help british families . but some are accusing the prime minister of weaponising the issue for political gain. well, now we can cross westminster to speak to our political correspondent, olivia utley. so olivia, there's been something of a contretemps, shall we say , within the shall we say, within the conservative party. a lot of people not happy about it at all. zac goldsmith , an unlikely all. zac goldsmith, an unlikely hero of the labour party, it seems, calling for an election now. the morning after the night before. what's the political fallout ? fallout? >> well, it very much does feel as though this announcement has reached united. a tory civil

war, which has of course, been bubbung war, which has of course, been bubbling under the surface really since rishi sunak took office last september. >> and we've heard some people who are very unhappy indeed , who are very unhappy indeed, both from inside the conservative party and outside zac goldsmith as you say, spoke in very, very stark language. we've had chris skidmore, the chair of the government review, into net zero. he's very, very angry indeed. he said that he would send a letter of no confidence in in rishi sunak if he didn't row back on this announcement late yesterday. bofis announcement late yesterday. boris johnson, the former prime minister, has had words as well. he's intervened . he said that he's intervened. he said that businesses must have clarity on net zero. so the boss of e.on, britain's one of britain's biggest energy suppliers, has said that they need confidence, too, that said, rishi sunak may have made some enemies, but he has made quite a lot of friends, too. it'll be really, really interesting to see how the polling on this plays out when we finally get it, because what we finally get it, because what we know so far is that although

no people in britain are very pro the net zero agenda in theory when it actually begins to hit their wallets, they don't like it so much. if you just look at the uxbridge by—election where ulez was the real issue, it was essentially a referendum on you can see that the on ulez. you can see that the party, the conservatives , lives party, the conservatives, lives in this case, which has the less green agenda, if you like, actually win when it comes to what people are voting for, where the where the feet are stamping. if you like. so it'll be really interesting to see where polling and where that polling goes. and also rishi sunak has certainly made lot of friends made quite a lot of friends in the conservative party this morning. kemi badenoch, the business secretary, was doing the round was the media round and it was really, really fascinating to see just how upbeat she sounded. these politicians, the ministers are rolled out onto these media rounds and sometimes you can tell sort of speaking tell they're sort of speaking through when they tell they're sort of speaking throuto when they tell they're sort of speaking throuto defend when they tell they're sort of speaking throuto defend the when they tell they're sort of speaking throuto defend the primen they have to defend the prime minister. well, not this morning . what kemi . let's listen to what kemi badenoch . badenoch had to say. >> this hasn't been >> this isn't this hasn't been done for political reasons. we need to make sure that we are

making decisions for the long term, not just for next week or not for polls . we cannot run the not for polls. we cannot run the country by polling . we have to country by polling. we have to look at what it is that people want. we're a democratically elected government. we're all mps. have constituents who we mps. we have constituents who we listen to . and what they are listen to. and what they are telling they're telling us is that they're worried about the cost of living. they're worried about how will forced how they will be forced to go onto electric vehicles in just five, six years time, probably even less. if you look at the mandate that we're putting in. so what we have done is ease the pressure. >> pressure. >> well, you can just see the enthusiasm coming out there and those sort of sentiments are echoed by conservative mps up and down the country. we've seen them taking to twitter today to express their support for the prime minister. i've spoken to quite them are quite a few of them who are really, pleased think really, really pleased and think that this announcement has come at exactly right a lot that this announcement has come at them.y right a lot that this announcement has come at them believe ght a lot that this announcement has come at them believe that a lot that this announcement has come at them believe that net )t of them believe that the net zero targets, they were zero targets, as they were, were simply , that it would simply unfeasible, that it would not have been possible to phase out boilers by 2030 and that

out gas boilers by 2030 and that the ban on petrol and diesel cars was just coming far too soon. they are really, really pleased to have a bit of breathing room. so yesterday it very like rishi sunak very much felt like rishi sunak was his colours to the was pinning his colours to the mast. far we've seen a prime mast. so far we've seen a prime minister who's accused minister who's been accused of being of being a bit technocratic, of being a bit technocratic, of being cautious. well being a bit cautious. well yesterday we saw something very, being a bit cautious. well yestedifferent saw something very, being a bit cautious. well yestedifferent .aw something very, being a bit cautious. well yestedifferent . a' something very, being a bit cautious. well yestedifferent . a primething very, being a bit cautious. well yestedifferent . a prime ministery, very different. a prime minister prepared to take a gamble if anything, it felt as though yesterday was the start of the general election campaign. a clear line between the conservatives and labour . conservatives and labour. >> olivia, it's interesting. you talk about a poll once just dropped from yougov, which actually has shown it appears rishi gamble has paid off 50% support. what he's done versus 34% against and a very curious thing is happening. the red wall remain leave axis has re—emerged. olivia the same people who voted brexit older voters conservative voters, those who are more socially conservative, the working classes, rural voters all seem to be right behind it. olivia it

seems to me we have another brexit split here. the same political schism within the tory party and also amongst the electorate. but it seems to have paid off, at least in the polling. that's what we're seeing now . seeing now. >> well, i think that'll be music to the ears of rishi sunak and his cabinet. that poll , they and his cabinet. that poll, they know very well that the red wall is really, really key to winning the next election. a lot of those seats are really marginal. so just a few a few hundred votes to labour could make those seats change hands and win the general election. one way or the other. rishi sunak was very keen to get the red wall feeling behind the conservative again and with this announcement it sounds like he might have done just that. of course the prime minister maintains that this was not a political decision. it wasn't about the polling, it wasn't about the polling, it wasn't about the polling, it wasn't about to get wasn't about trying to get people short term people onside in the short term for was all for an election. it was all about pragmatic and about having a pragmatic and reasonable to net zero reasonable response to net zero in the long term. and making the policies which were in place

just more doable. really >> some people , olivia, are >> some people, olivia, are saying that or are criticising the prime minister for doing exactly what liz truss did, which is ignoring the advice of the government's own independent advisers in this case, the climate change committee. i mean this would baffle some people, would it not? >> well, i think the prime minister would argue that there is advice coming from all sides on this. you've got the net zero review, but then on the other hand, you've got the net zero scrutiny committee and you've got quite a lot of conservative and labour mps in that looking at the legislation and saying that in some places it is unsustainable . you've also got unsustainable. you've also got on both sides, you've got business leaders coming down one way or the other. as i said, we have ian who has criticised the prime pretty harsh prime minister in pretty harsh terms not giving businesses terms for not giving businesses enough clarity . but toyota, the enough clarity. but toyota, the car manufacturer , has said that car manufacturer, has said that this is a pragmatic and proportionate move. so yes , the proportionate move. so yes, the prime minister is facing

criticism from not following advice , but he would say he's advice, but he would say he's getting advice on all sides. >> olivia , there's a fascinating >> olivia, there's a fascinating piece by alister heath and the telegraph today. back to the theme of brexit. i know. i'm obsessed with it. sorry, but he reckons that but reckons that martin but he reckons that martin but he reckons i concur that rishi reckons and i concur that rishi could facing the political could be facing the political battle of his life again. we saw the tory party along the same lines, and that is that is this the blob , the church, the legal the blob, the church, the legal system? if this goes through a commons vote because net zero 2050 is enshrined in law, they say that they will still hit that. but on a technical issue, it could be challenged. and if it could be challenged. and if it goes to a commons vote, it could be challenged in lords could be challenged in the lords and again. it feels and here we go again. it feels like day. it could like groundhog day. it could then legal system. do then go to the legal system. do you this becomes could you think this becomes could become a huge, huge political battle and it may not even get passed into law ? passed into law? >> well, it could become a huge political battle. i mean, that said, i've worked with alastair heath. he does he's very, very

interested in this idea of the blob. and he does about it blob. and he does talk about it quite a lot. so i think sometimes these sometimes you got to take these columns with a little bit of a pinch of as rishi sunak has pinch of salt as rishi sunak has been saying, he believes very strongly it will be strongly that it will be possible to hit the overall 2050 net zero targets, even if some of these interim targets are pushed back a little bit . the pushed back a little bit. the point he made yesterday, which hasn't been picked up on very much, is that the uk has been leading the way in dropping carbon emissions for the last 30 years and actually over the last decade the uk has under promised and over delivered on reducing emissions. so year after year , emissions. so year after year, economists and environmental experts have said that the uk is going to miss its targets and then actually it's gone above and beyond. so rishi sunak will be hoping at least that it won't come to some sort of legal battle because he believes that they can still stick to the 2050 targets, even with some of this tinkering around the edges .

tinkering around the edges. >> okay. olivia utley thank you as ever. expert analysis on that point. >> rishi sunak is out and about in chelmsford in in essex today. he's an agricultural college. we hope to bring you some of what he's had to say. but he was asked about this very thing about the potential for a legal challenge. you say he's dismissed it well, because he says he's confident that climate change targets would still be met and the government has overdelivered on all of their carbon budgets to date. >> i admire his optimism right plenty more still to come. >> stay with us on the live desk now, though, let's get your latest headlines. here's rhiannon . rhiannon. >> good afternoon . it's 1233. >> good afternoon. it's 1233. your top stories from the newsroom . the bank of england newsroom. the bank of england has left the interest rate unchanged at 5.25. it follows yesterday's better than expected inflation data. the bank's governor, andrew bailey, has

welcomed the news, saying he thinks inflation will continue to fall . but shadow chancellor to fall. but shadow chancellor rachel reeves says britain's been left worse off after 13 years of economic chaos and instability under the conservatives . the prime conservatives. the prime minister says hard pressed families should not have to pay an unaffordable price to reach net zero. writing in the sun, rishi sunak defended his decision to roll back some climate policies. he says he won't go ahead with plans that would punish motorists and working people. changes announced yesterday include postponing the ban on new petrol and diesel cars until 2035, as well as easing rules on gas boilers. rishi sunak says it's the right decision . the right decision. >> we've been through the numbers and we're absolutely confident that we are on track to international to hit all our international and domestic targets, which by the way are world leading. and the reason confidence in that reason i have confidence in that is we've overdelivered is because we've overdelivered on our carbon budgets to

on all of our carbon budgets to date, everyone saying, date, despite everyone saying, oh, might hit them, oh, you might not hit them, we've on them. we've over delivered on them. plus that the costs plus we can see that the costs of of these new of some of these new technologies are falling far faster than people had predicted. offshore wind is a great example of cost. great example of that cost. today, 70% less than we predicted in 2016. in the king has pledged to strengthen what he calls an indispensable relationship between the uk and france . france. >> at his address to the french senate , king charles became the senate, king charles became the only british monarch ever to speak from the senate chamber in paris in a speech delivered in both english and french, he spoke of the friendship and warm familiarity between the two nations, as well as the unity on issues such as climate change, change. and five companies have been hit with fines totalling £590,000 for making unwanted sales calls to elderly and vulnerable people. the information commissioner's office has fined 16 companies almost . £1.5 million since 2021

almost. £1.5 million since 2021 for similar tactics . and you can for similar tactics. and you can get more on all of those stories by visiting our website gbnews.com . gbnews.com. >> direct bullion sponsors. the finance report on gb news for gold and silver investment . gold and silver investment. >> here's a quick snapshot of today's markets. the pound will buy you $1.2278 and ,1.1532. the price of gold is £1,566.88 per ounce. and the ftse 100 . at 7728 ounce. and the ftse 100. at 7728 points. direct bullion sponsors the finance report on gb news for physical investment

>> patrick christys wheat days from three on . gb from three on. gb news. >> hello. welcome back to the live desk on gb news. well, after 14 consecutive straight rise days, the bank of england's monetary committee has voted 5 to 4 to hold the base interest rate at 5.25. here's the reaction of shadow chancellor rachel reeves in the last few minutes, some relief to the families and businesses, particularly those who are coming up towards the end of their mortgage deals. >> but if we look at the bigger

picture and where we are compared with a year ago, if you're remortgaging property you're on remortgaging property today , you're looking at today, you're looking at spending £220 more every single month than if you had a remortgaged a year ago. that is money that many families simply don't have. and so the question is , are you and your family is, are you and your family better off than you were a year ago?in better off than you were a year ago? in fact, are you and your family better off than when the conservatives came to office? 13 years most people , years ago? and for most people, the answer to that question is a resounding . resounding no. >> big story that we've had >> the big story that we've had in hours alongside in the last 24 hours alongside inflation was what the government now said. it's government has now said. it's going to do on net zero, rowing back those ambitions back on some of those ambitions . do you think that that's a pragmatic move? i mean, a lot of people thought that some of those were pretty those goals were pretty difficult to meet anyway. so it isn't just isn't it just a statement of where we need to be heading where we can heading or where we can realistically anyway? heading or where we can reaiwell,lly anyway? heading or where we can reaiwell,lly i'venyway? heading or where we can reaiwell,lly i've heard? heading or where we can reaiwell,lly i've heard over >> well, what i've heard over the hours many the last 24 hours from many business leaders who i speak to regularly , is that what they regularly, is that what they need to make investing, wants to

create jobs here in britain is certainly ity and stability and the government has pulled the rug under their feet. rug from under their feet. i want to britain to be the best place in the world, to invest, to start and grow a business. but when the government flip flops changes its mind, all flops and changes its mind, all the it's very difficult the time, it's very difficult for businesses to make those investments and they'll look to the to other countries the us and to other countries around are around the world who are supporting those industries of the and often see the the future and often see the prospects there better than here at i'm more ambitious at home. and i'm more ambitious for britain. i want those jobs and i want that investment here in britain . in britain. >> i can't help but feel that labour have been a bit blindsided rishi's deal as blindsided by rishi's deal as lots in the lots of people are in the country anyway . whilst will country anyway. whilst it will be for many of be welcome news for many of britain's holders, we britain's mortgage holders, we here at news want to know here at gb news want to know what means what today's decision means for you . you. >> yes. with us now is jack carson . gb news is west midlands carson. gb news is west midlands reporter . i carson. gb news is west midlands reporter. i was thinking, is he in the studio? of course he's not in the studio. he's out on the road talking to some of you. jack what are you hearing ? well

jack what are you hearing? well good afternoon to you, martin and pip. >> i'm here at elevate property group, joined by sam meeten, who's the land director here, spaces across the country that were waiting for that were eagerly waiting for that bank of england interest rate decision . we've it. it's decision. and we've got it. it's held at 5.25. sam tell me your immediate reaction to hearing that it's been held. >> thanks, jack. >> thanks, jack. >> yeah , look, it's fantastic >> yeah, look, it's fantastic news. >> think we were anticipating >> i think we were anticipating a l >> i think we were anticipating a , if i'm honest with you. a rise, if i'm honest with you. there were murmurings that it might as it is , but the might stay as it is, but the fact it has stayed gives us fact that it has stayed gives us more stability in everything that we do. that's from the borrowing that we do from the banks to buy the land in to the people that are buying the stock from us as well. and their mortgage available mortgage products available to them . them. >> yeah, mean, what do you >> yeah, i mean, what do you kind envision as kind of envision as the immediate to in immediate reaction to this in the and the weeks ahead? the days and the weeks ahead? what is going to what do you think is going to happen now? >> question. >> good question. >> good question. >> like to think we'll see >> we'd like to think we'll see some term confidence back some short term confidence back into the market from not only our lending partners, but also

the buyers who are taking the mortgage products. so the interest rate rise , if it had interest rate rise, if it had gone up by a quarter of a% is probably a £50 a month increase for someone's mortgage on average, on our average price point. so if they're saving that , the confidence for them to come back with inflation pressures may be easing this week as well is a huge confidence boost for the actual market. that's what we as market. and that's what we as developers on confidence developers thrive on confidence and stability. i mean, when you look at the market now of course with group, with these property group, it's not of course building and not only of course building and developing properties, not only of course building and dev selling properties, not only of course building and dev selling as operties, not only of course building and dev selling as well. es, it's selling them as well. >> when you when >> you know, when you when you see people, the kinds see people, what are the kinds of are the of mortgages, what are the kind of mortgages, what are the kind of that people looking of deals that people are looking for now as what we for out there now as what we have seen over the last year or so is some phenomenal l lengths of mortgages being borrowed on. >> so sometimes gone are the days of 2025 year mortgages. we have seen mortgages that have spanned into the 30 year plus mark, which is incredible to see. but again, it just means that people's monthly outgoings

is supported by the banks as well . so if we can get to a well. so if we can get to a point where the buyers are confident to take that product out, be it for a two year interest rate fix or maybe five year fixed that is the that's the market that we need to tap into, not only for the local market in this country, but also our overseas investors, which we have a number of. >> and just finally, then the interest rate was held today. do you think going forward that that that that the bank of england should stick with that decision and hold, if not start to decrease from this point forward? >> that would be nirvana for everybody. but i suspect that we'll see it plateauing for the time being with more conversations to come and hopefully into next year, we might see some conversations about that dropping . about that dropping. >> all right, sam, thank you very much for joining >> all right, sam, thank you very much forjoining us >> all right, sam, thank you very much for joining us this afternoon. that is the immediate reaction birmingham reaction from here in birmingham from developer on from a property developer on that england interest that bank of england interest rate holding at 5.25. thank you, jack. >> while you have sam there ,

>> while you have sam there, could you please ask a question on my behalf ? could you please ask a question on my behalf? and that is rishi sunak. yesterday made the announcement, be announcement, which should be great landlords. they great news for landlords. they will have to have will no longer have to have all of properties have see of their properties have see a rated energy performance certificates, which of course would have been big bills. what's the reaction in the property sector ? property sector? >> so martin wants to know. after rishi sunak's announcement yesterday on net zero and the plans going forward that with with the kind of c rate energy rating, what your reaction would be to the announcement from rishi sunak yesterday ? rishi sunak yesterday? >> i'd like to say that it's a shock , but if i'm honest with shock, but if i'm honest with you, i think there's a part of many people that felt that some of the energy pledges that we've gone for, i won't say were unobtainable , but they were very unobtainable, but they were very difficult to get to . and what we difficult to get to. and what we found that in this market with the energy crisis following on still from last year , we've had still from last year, we've had to work really hard as a country to work really hard as a country to work really hard as a country to work through those problems and how we get to come out the

other side. so i'd like to say i think it was a shock, but i think it was a shock, but i think to a degree it was inevitable. certainly on the car comment with regards to petrol and diesel cars, maybe for another years. right , another five years. all right, sam, you very much again sam, thank you very much again for this afternoon. sam, thank you very much again for martin, this afternoon. sam, thank you very much again for martin, a this afternoon. sam, thank you very much again for martin, a pip.1 afternoon. sam, thank you very much again for martin, a pip. back noon. sam, thank you very much again for martin, a pip. back to on. sam, thank you very much again for martin, a pip. back to you. >> martin, a pip. back to you. thanks jack. >> did that answer your question ? >> ?i >> it 7- >> it did. i 7_ >> it did. i just ? >> it did. i just think it's really interesting because it would meant bills would have meant big bills for landlords to sort of landlords to have to sort of make properties. c rated victoria in property. that'd be a nightmare. you have to be replacing windows tens and tens of pounds. if it's of thousands of pounds. if it's a draft of the old property and some properties, you'd some older properties, you'd never compliance never be able to get compliance a rated. so for landlords it a c rated. so for landlords it would i think, huge would have felt, i think, huge bills . bills. >> many landlords probably >> many landlords have probably already started spending thousands do the thousands of pounds to do the work and won't be very happy that spent the money and that they've spent the money and are now being told, oh no, that's don't do that's right, don't need to do it quite well, let's it quite as fast. well, let's get reaction from ray get some more reaction from ray addison gb news, south—east reporter an estate reporter who's at an estate agents crawley. reaction on agents in crawley. reaction on this interest rate being held at 5.25. ray what are you hearing

in crawley ? in crawley? >> well, estate agents across the south—east have been struggling with a downturn in the market over the last 12 months. >> so today's announcement that this rate will be maintained at 5.25% offers some positives for them, but also some positives for buyers or anybody who is on a variable rate mortgage. i'm joined now by darren greenaway, who is the owner of greenaway residential here in crawley. darren, thanks very much for joining us. what's your immediate reaction to this to the announcement today from the bank of england? >> it's good news because i genuinely thought the interest rates were going go up today. rates were going to go up today. so it's staying still is very good for the housing market, although the housing market is still full of problems . still full of problems. >> over last months, >> now, over the last months, i the last three months rather, i know that you've been experiencing a significant experiencing quite a significant downturn to last downturn when compared to last year's figures. take us through some of the numbers that you've

been seeing. >> yeah, well, we've seen if you take the year on year from this year to last year, we've seen market appraisals. year to last year, we've seen market appraisals . that's where market appraisals. that's where we're going now the very we're going now at the very early someone selling early stage of someone selling a property down by properties property down by 37. properties come into the market. it's been down and house sales have down 17% and house sales have been down 18. but the biggest one is actually buyer activity. by one is actually buyer activity. by buyers registering on our main list is down a whopping great 63. >> and what are people saying to you when they do come into the greenaway residential? what are they their their they saying about their their their concerns and their fears due to the market at the moment ? >> 7 >> generally, a lot ? >> generally, a lot of people are worried that people are struggling because obviously the rents continue to rise at an alarming rate and people are worried about interest rates going forward. how are they going forward. how are they going to save the money? and then how are going to then how are they going to service debt taking on? >> let's talk about new build as well, obviously you well, because obviously you know, the market is a is a big area in that sector. tell me about the impact that these interest rate rises have had on

house builders. >> well , you house builders. >> well, you can see when i'm speaking to a lot of local builders is they're seeing the labour going quite labour costs keep going up quite alarmingly because of the supply chains. after brexit, we're struggling to material struggling to get material costs, they're struggling costs, so they're struggling these two and then you've these two areas. and then you've got prices falling the got house prices falling so the profit going to profit margins aren't going to be they're slowing be there. so they're slowing down production the construction. >> now one area that has continued to grow is the rental market here in crawley, and that's partly because we're so close gatwick close to gatwick, to gatwick airport . what do expect airport. what do you expect today's intro best interest rate announcement to have on on that honest answer? >> very little at the moment because we've still got landlords exiting the property market. it might encourage them to stay in the market, to at least stay in the market, but such excessive but we've got such excessive demand from tenants moving in that we can't we can't fuel that, that demand and hopefully we will as well . we'll stimulate we will as well. we'll stimulate the market is if the government was to do something with stamp duty and get rid of the 3% for

buy to let landlords. >> well chancellor jeremy hunt has come out saying that this is the beginning of seeing the tide turn against high inflation, but they will continue to do anything they can to help households struggling with mortgage repayments. whereas rachel reeves , the shadow rachel reeves, the shadow chancellor, saying that chancellor, is saying that households coming off a fixed rate mortgages be rate mortgages will still be paying rate mortgages will still be paying an average of £220 more a month. what would you like to see or hear from the government right now to sort of help improve property market improve the property market if their is only coming their mortgage is only coming down couple £100? down a couple £100? >> say they've got very >> i would say they've got very small mortgages. realistically, >> i would say they've got very smaiweiortgages. realistically, >> i would say they've got very smaiwe alljages. realistically, >> i would say they've got very smaiwe all want. realistically, >> i would say they've got very smaiwe all want to ealistically, >> i would say they've got very smaiwe all want to see ;tically, >> i would say they've got very smaiwe all want to see interest yes. we all want to see interest rates coming down, but we've still got the problems with inflation are causing long inflation that are causing long term agree with term problems. so i agree with the government's policy of trying to get inflation under control and it's going to be a painful time. but today's news is good. >> darren greenaway. greenaway residential, thank you very much for joining us. do appreciate forjoining us. do appreciate it. now, anybody on a variable rate mortgage will know the fear

that you have when you receive that you have when you receive that letter from your mortgage provider and you find out that your rate is going up. today's announcement does at least offer some respite to those who've beenin some respite to those who've been in that situation. indeed >> ray addison in crawley, thanks so much. well, we have, of course, been getting plenty of course, been getting plenty of reaction from you about this interest rate pause. you can, of course, email us anytime at gb views. gbnews.com. martin you've got some of them there you have. >> and lynn says as a pensioner with savings and no mortgage, it makes little difference to me. but too much for my but it's all too much for my family who work full time, have a mortgage and have a high mortgage to pay and have high care costs, richard high child care costs, richard says. believe the bank of england >> i believe the bank of england did raise interest rates did not raise interest rates early high enough, but has early or high enough, but has now raised too high too and now raised it too high too and late, meaning they've put off a recession so far. but it will now happen this winter, he reckons point . reckons for long point. >> alice says this it's been >> and alice says this it's been presented good that presented as good news that there's no interest rate rise this month. but my mortgage is £600 higher per month than 14

months ago and fuel prices are rising rapidly . which bit is the rising rapidly. which bit is the good news that is so much money? >> £600 a month. >> £600 a month. >> a huge amount. that's the difference between having a life and existing. so my heart goes out to you. >> yeah, well, stay with >> yeah, well, do stay with us here live desk . we've got here on the live desk. we've got plenty more to bring you, including more reaction to interest rates being held. also, we're going to france again because king charles and queen camilla, they're on their second day of their three day state visit. it was a triumph yesterday, wasn't it? it was glorious. and king charles today has made history by becoming the first british monarch to address the french senate. our royal correspondent, cameron walker, will be joining us live from paris with all that you are with the live desk here on . gb news. the live desk here on. gb news. >> the temperature's rising . >> the temperature's rising. boxt solar proud sponsors of weather on . gb news.

weather on. gb news. >> hello, i'm alex burkill . >> hello, i'm alex burkill. here's your latest gb news weather update . we have further weather update. we have further showers to come as we go through the few days and these do the next few days and these do bnng the next few days and these do bring some thunder, bring the risk of some thunder, but going to have but we're also going to have some chillier nights at the moment heavily the moment we are heavily under the influence pressure influence of low pressure sitting the north of the sitting just to the north of the uk. is bringing uk. this is bringing the blustery weather and showery with this occluded front bringing of the bringing the focus of the showers parts scotland showers across parts of scotland and northern ireland. as we go through the end the some through the end of the day, some of quite heavy. of these could be quite heavy. also some heavy, intense downpours developing across parts english channel. parts of the english channel. and these could reach some coastal south—east coastal parts in the south—east across more central eastern parts of england. we're going to have clear skies. could parts of england. we're going to havequite clear skies. could parts of england. we're going to havequite clear here ;. could parts of england. we're going to havequite clear here ;. coisome turn quite chilly here and some pockets mist and are pockets of mist and fog are likely go through the likely as we go through the early hours of friday, friday, then off to a bright then getting off to a bright sunny across many parts of sunny start across many parts of england, showers england, but plenty of showers across and across the north—west and western of wales a western parts of wales and a cloudier shower picture across parts of scotland and northern ireland. the cloud is going to bubble so bubble up across england. so turning cloudy as we go

turning a bit cloudy as we go into the afternoon with a scattering showers scattering of showers developing, notice some developing, though, notice some bright developing across bright skies developing across parts scotland and northern parts of scotland and northern ireland. temperatures may be down a degree or compared to down a degree or two compared to today around 18 today with highs around 18 celsius across celsius staying windy across parts and shetland. parts of orkney and shetland. later friday, a ridge of high pressure will build in from the west. so that's going to quieten down our weather somewhat, taking chilly taking us into a chilly night friday into saturday, friday night into saturday, saturday itself then should be a largely not largely fine and bright, if not sunny day for some. but the rain returning in time sunday by returning in time for sunday by by the temperatures rising boxt solar proud sponsors of weather on . gb news i solar proud sponsors of weather on. gb news i john gb solar proud sponsors of weather on . gb news i john gb news on. gb news i john gb news because i was sick and tired of not hearing my views being represented not just mine, but so many people that i knew and spoke to. >> i just couldn't get my voice out i couldn't say anything. >> i couldn't anything. >> i couldn't do anything. whatever i whatever the narrative was, i kind follow it. kind of had to follow it. >> news is there to provide >> gb news is there to provide a voice for those who have been ignored establishment media. >> we think different things .

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channel >> good afternoon. welcome to the live desk. it's 1 >> good afternoon. welcome to the live desk. it's1 p.m. the live desk. it's 1 pm. you're with myself and pip coming up this thursday lunchtime . lunchtime. >> good news for borrowers as the bank of england decides to hold the interest rate at 5.25, rather than raising them again. but it was a knife edge decision with the committee voting to hold by just one vote and king charles makes history by becoming the first british monarch to address the french senate, saying russian aggression in ukraine must not prevail. >> we'll be live in paris and rishi sunak says the uk will hit net zero by 2050, despite a

major shift in government policy. >> labour says they will reverse the delay on the ban of petrol and diesel cars . we'll have the and diesel cars. we'll have the latest reaction from westminster . for now, today's big debate is would you take your child on holiday dunng you take your child on holiday during school term time? >> because you come to that in a minute because new research suggests parents are no longer bothered about receiving fines, believing that life is too short to not swap the books for the beach, but before we start, actually, why don't we talk about my situation? so about my situation? yeah. so i am doing this because i worked all summer. i didn't get a week off. my kids and my missus went away and i had to miss a holiday. it really upset me. you know, i'm super sub, do know, i'm super sub, i do houday know, i'm super sub, i do holiday have pick holiday cover, so i have to pick and what i'm allowed to and choose what i'm allowed to go. and just so happened that go. and it just so happened that the off is the only week i can get off is when boy is in school.

when my boy is in school. okay, so taking week off. so i'm taking the week off. >> i'm going. hold that. just hold story. we are coming hold that story. we are coming back to from what i've back to this from what i've heard so far. martin daubney, i'll you detention. i'll put you in detention. right. you latest right. let's get you latest headunes right. let's get you latest headlines rhiannon . headlines with rhiannon. >> good afternoon . it's 1:02. >> good afternoon. it's 1:02. your top stories from the newsroom . the bank of england newsroom. the bank of england has left the interest rate unchanged at 5.25. it follows yesterday's better than expected inflow station data. the bank's governor andrew bailey, has welcomed the news, saying he thinks inflation will continue due to fall. but shadow chancellor rachel reeves says britain's been left worse off after 13 years of economic chaos and instability under the conservatives . conservatives. >> i think there will be a sense of relief, particularly for those who are coming up to the end of their mortgage deals. but let's look at where we are in the bigger picture because somebody coming up to remortgage

their house today is looking at paying their house today is looking at paying £220 more a month than they would have done if they had a remortgaged a year ago. so this is still a very challenging time for families and businesses with the cost of living crisis, which continues to bite , the which continues to bite, the prime minister says hard pressed families shouldn't have to pay an unaffordable price to reach net zero. >> rishi sunak is defending his decision to roll back some climate policies, saying he won't proceed with plans that would punish motorists. and working people. >> we've been through the numbers and we're absolutely confident that we are on track to hit all our international and domestic which by the domestic targets, which by the way, are world leading and the reason i have confidence in that is because we've overdelivered on all of carbon budgets on all of our carbon budgets to date, saying , date, despite everyone saying, oh, might not hit them. oh, you might not hit them. we've over delivered them. oh, you might not hit them. we'vwe/er delivered them. oh, you might not hit them. we'vwe canielivered them. oh, you might not hit them. we'vwe can see ered them. oh, you might not hit them. we'vwe can see that them. oh, you might not hit them. we'vwe can see that tcosts plus we can see that the costs of of these new of some of these new technologies falling far technologies are falling far faster than people have predicted. offshore wind is a great that cost.

great example of that cost. today, 70% less than we predicted in 2016. but shadow minister for industry and decarbonisation , sarah jones, decarbonisation, sarah jones, says it's the wrong decision . says it's the wrong decision. >> rishi sunak just doesn't get it. he's weak. he's given to in liz truss at the first hurdle. all net zero is the biggest economic opportunity we have in the 21st century. we are a country , we where we talk about country, we where we talk about the form our industrial heartlands . what labour wants to heartlands. what labour wants to do, get rid of that label, former and create jobs across the country and keep people's bills down. now, what he did yesterday is not going to help people's bills . the king has people's bills. the king has paid tribute to what he calls the indispensable relationship between the uk and france . between the uk and france. >> he became the only british monarch ever to speak from the senate chamber in paris. speaking in both english and french, he celebrates the friendship and warm familiarity

between the two nations as well as unity on issues such as climate change. >> our two governments are working in partnership to address so many global challenges . and yet, as ever , it challenges. and yet, as ever, it is our people who are the true driving force of our relationship , driving force of our relationship, our friendship and warm familiarity are fortified by each new connection between us as it is renewed by each newfound joy in the culture of the other and each reminder of how much we share . how much we share. >> former soldier daniel khalife has pleaded not guilty to escaping from wandsworth prison in london, while our national reporter theo chikomba has been outside the old bailey. the 21 year old appeared via video link from the category a belmarsh prison wearing a blue and bright yellow sweater .

yellow sweater. >> for it is his second appearance in court after he was charged with escaping from prison. the former soldier turned terror suspect became the most wanted man in the uk after he allegedly escaped from the category b prison on september the sixth. >> it to led a national manhunt causing disruption at ports and airports ports across the uk. before he was caught by a plain clothed count of terrorism officer on september the 9th, he will remain in custody until his trial date at woolwich crown court on the 13th of november. >> and more action is needed to crack down on shoplifting. that's according to the co—op group after it reported the highest ever levels of shop crime. it says its food . crime. it says its food. business lost £33 million this year due to costs, including thefts and security . the retail thefts and security. the retail chain says looting and organised crime gangs are a growing problem with the vast majority of offenders going unpunished .

of offenders going unpunished. this is gb news across the uk on tv in your car, on digital radio and on your smart speaker by saying play gb news now it's back over to martin and pitt. >> thanks. rhiannon. well after 14 consecutive straight rises, the bank of england's monetary committee has voted 5 to 4 to hold the base interest rate at 5.25. >> our economics and business editor liam halligan joins us now from outside the bank of england after today's decision . england after today's decision. liam, you bought us to lots of good news this week. first, inflation down, now interest rates holding firm. what's been the market reaction to this decision ? decision? >> the market reaction , as >> the market reaction, as i said, when news came through that interest rates were on hold is that the pound has fallen slightly because traders expected a rate rise. on balance

. so the pound has actually fallen and the stock market's gone up slightly as well. this was a knife edge decision . the was a knife edge decision. the bank of england governor andrew bailey was actually on the right side of the line, if you like. he was among the five that voted for a rate hold, i think it was back in 2005 that the last time the bank of england governor, mervyn king, was outvoted by his own committee. but look , this is own committee. but look, this is good news. this is a shot in the arm for the british economy. this will say to many people the fact that inflation came down yesterday to 6.7% during the year to august and interest rates were held today after 14 successive rate rises , it will successive rate rises, it will feel like a watershed . it will feel like a watershed. it will feel like a watershed. it will feel like a watershed. it will feel like hopefully fingers and toes crossed the beginning of the end of this ghastly cost of living crisis. this will bolster consumer sentiment, business sentiment , investment, of sentiment, investment, of course, savers won't like it. savers won't always want more return on their money. and

interest rates were low for many years , so who can blame them? years, so who can blame them? but i think for most of us, certainly for young families with mortgages, for businesses with mortgages, for businesses with variable loans, this with variable rate loans, this is good news. >> when you listen to what the bank of england saying. liam do you think they are leaving the door , though, open to further door, though, open to further rate rises ? because the wording rate rises? because the wording was they will promise to take the necessary to the decisions necessary to return inflation down to normal levels . levels. >> it's definitely worth putting in that proviso. the bank of england has said in its minutes the minutes of the monetary policy committee meeting which took place in the bank of england behind me this morning, they've said in those minutes that they leave the door open to more rate rises if needs be. but ihave more rate rises if needs be. but i have to say financial markets are pretty much now almost entirely pricing in a peak. they think that this is the peak. they think that the economy will probably slow a little bit this

autumn and that will keep beanng autumn and that will keep bearing down on inflation. they think the worst of the wage bargaining battles are over and that will bear down on inflation. i would say there's a bigger fly in the ointment, though, here, pip. and i'm sorry to have to say this on a day, a second day consecutively of really good economic news, the fly in the ointment, i would put it under the heading geopolitics and what i mean by that is conflict between nine countries because the price of oil has gone up from around $70 to $95 a barrel over the last three months. and even though the global economy has been quite slow, that's happened because the opec exporters cartel, the 13 strong grouping of oil exporters, including saudi arabia at its heart, have been working with the russians, who aren't members of opec , but work aren't members of opec, but work with them in a grouping called opec plus to deliberately restrict the amount oil that restrict the amount of oil that they pump onto global markets in order to keep oil prices artificially high. if oil prices

shoot up above $100 a barrel, if the russians and the saudis between them want to make life really hard for the west, then that will mean another inflation spike. and that could lead to further interest rate rises. but look, that's just a possibility. that's just something to keep an eye on because the main headline from today is that the bank of england finally, finally , england finally, finally, finally has not raised rates , finally has not raised rates, its held rates. and that comes after for a day yesterday when inflation unexpectedly continued to come down. so on balance , to come down. so on balance, this is really good news for the british economy and crikey, do we need some? >> we do indeed. liam halligan live from the bank of england. thank you. and keep that good news coming in, please. captain >> here at gb news, we >> well, here at gb news, we want to know what you think and how the big political decisions of the day will affect you. >> yeah. throughout the show, we'll speaking people up we'll be speaking to people up and hear and down the country to hear what about what they're saying about today's rate decision. today's interest rate decision. >> and we'll go to our south—west of england. reporter

jeff who is in south jeff moody, who is in south molton pannier market in devon for us. good afternoon, geoff. what are you hearing from people there then ? there then? >> good afternoon. well, i've been speaking all morning to farmers to and stallholders, but i thought it was about time i got the view of an estate agent because after all, when you think of interest rates, first thing about is thing you think about is mortgages. news today mortgages. finn good news today then, for you guys. >> absolutely, yeah . so this >> absolutely, yeah. so this month has been particularly good so far . it's month has been particularly good so far. it's been our best month here in south molton webber's this year . i here in south molton webber's this year. i think that's because buyers have become acclimatised to the interest rates there are currently around 6% for a two year fixed rate. obviously the news today is welcome. we hope that things improve even further . it was improve even further. it was a tough start to the year , but as tough start to the year, but as i say, people seem to have become acclimatised to the interest rates that they are currently. >> so people are still buying, they're still out there looking for they're moving for houses, they're still moving houses. prices in the

houses. they are prices in the last 12 months have come down by around 10 to 15. >> but what we're saying to people is that it's all relative . you know, your property might sell for 10 15% less. but of sell for 10 to 15% less. but of course , what you're buying will course, what you're buying will have come down by same have come down by the same figure. so that's what we're preaching to right now. preaching to people right now. brilliant you much for that >> thank you very much for that insight estate agents. insight from estate agents. thank you, finn. let's to thank you, finn. let's talk to a local owner, rebecca. local business owner, rebecca. now you have a lurking around the chocolates here. you you have a business in the area, don't you? a chiropractor business. osteopath. osteopath i'm terribly sorry. so how has the cost of living affected you guys? >> our biggest factor has been that interest rates have meant that interest rates have meant that energy prices is have crept up and up and up and with a practise where you have to keep your environment warm . your environment warm. >> we've actually even looked at moving premises. so we're to more modern environments that is cheaper to keep going. and we've

had to even move the prices of treatments up not as much as required to actually cover the increased costs of energy. so i think knowing that interest rates aren't going to keep increasing is a massive relief because we get told that patients know that they would benefit from having a few more treatments, but their finances mean that they're they're being sparing with their own comfort , sparing with their own comfort, fit and health. >> so you're finding that not not only are your bills higher as a direct result of the rise in energy prices , yes. but in energy prices, yes. but you're not passing those on significantly to the customer . significantly to the customer. but still, customers are staying away because they're thinking, well, getting my back fixed is low and low priority at the moment. yeah quite often they're still coming , but they'll still coming, but they'll they'll sort of watch out how many treatments. >> so you get them good enough to keep moving . but in the past

to keep moving. but in the past they would probably have had one more treatment just to make sure that they're, you know, stay staying safe and that is very much down to their personal finances. >> okay . lovely. rebecca, thank >> okay. lovely. rebecca, thank you very much indeed. well i'd like to talk to christine locke now, who's the deputy mayor of south molton. hello you, south molton. hello to you, christine . they're saying today christine. they're saying today , then, that this is the beginning of the end of the cost of living crisis . is that how of living crisis. is that how you see it? >> no, i don't. i think interest rates don't matter where they are. it will always affect people as in things will always be expensive for them . the food be expensive for them. the food bank will is always suffering because people can't afford to put that extra bit in the box for the food people. >> yeah, for food banks . >> yeah, for food banks. >> yeah, for food banks. >> that's right. sorry. yeah. so you think that charities are suffering considerably at this time? yes they are suffering and i think generally the lower

class people are always suffering because like you say, the electorate is always going up and it's hard to save money and put back for that . and i'm and put back for that. and i'm not sure what else we can do. >> but is there a light at the end of the tunnel, do you think? because inflation has started to go down, interest rates are no longer , they're staying longer rising, they're staying the same. is that that not the same. is that is that not a cause a little bit of cause for a little bit of celebration ? celebration? >> no, say it's always >> yes. no, i say it's always the same no matter what level the same no matter what level the interest rate is , is the the interest rate is, is the people cannot always afford what they would like . they would like. >> so yeah, that's that's very true. thank you for that little note of cynicism to end this. well, a lot of the stallholders are telling me that they're doing extremely well this time of year. so that's particularly good news. and a lot of them are saying that they welcome this news that interest rates are staying although a lot news that interest rates are stipeople although a lot news that interest rates are stipeople beenthough a lot news that interest rates are stipeople been saying a lot news that interest rates are stipeople been saying to .ot

news that interest rates are stipeople been saying to me of people have been saying to me that trying to save and that they are trying to save and they're disappointed they that they are trying to save and they're irisen)ointed they that they are trying to save and they're irisen ainted they that they are trying to save and they're irisen a little they that they are trying to save and they're irisen a little bit they haven't risen a little bit because that because they'd like to pass that on savings account. so on to their savings account. so you can't please all people all the time, can you? i'm going the time, can you? but i'm going to here at south molton to be down here at south molton pannier hour. pannier market for another hour. i if you do happen to i think so if you do happen to be the area and you haven't be in the area and you haven't opinion on the subject of interest rates, down interest rates, come down and see you on the see me and we'll get you on the telly . telly. >> oh telly. » 0h telly. >> oh that's an appeal if >> oh that's that's an appeal if everi >> oh that's that's an appeal if ever i heard one. it is an invite . thank jeff moody. invite. thank you, jeff moody. really good to see you there down molton . and thank really good to see you there down all molton . and thank really good to see you there down all those iolton . and thank really good to see you there down all those people and thank really good to see you there down all those people who thank really good to see you there down all those people who gave. you to all those people who gave jeff views. now now, the jeff your views. now now, the met police officer charged with the murder of chris kaba has been remanded in custody and will appear at the bailey will appear at the old bailey this afternoon . this afternoon. >> 24 year old mr kaba died the day after hit by a single day after he was hit by a single gunshot hill gunshot in streatham hill in september last year. >> let's get the latest with our home and security editor mark white, who is outside the old bailey mark. mark, just bring us up to date then with what exactly happened in this in this case. and the police officer we

know cannot be named, can he ? know cannot be named, can he? well indeed. >> and this is the second court appearance in a day for this firearms officer. >> highly unusual, but that's the way it has been scheduled. first of all, at westminster magistrates court this morning. >> and then in about about an hour or so's time here at the old bailey . old bailey. >> now, the officer has been charged with the murder of chris kaba, a 24 year old construct worker on the 5th of september here last year. now, chris kaba had been driving a car not his own, but that vehicle had been unked own, but that vehicle had been linked to gun crime. >> it was being followed by a number of unmarked police, firearms vehicles when it was stopped in a residential street in streatham hill . now, during in streatham hill. now, during that operation to stop the vehicle, a single bullet was fired from a firearms officer through the windscreen of that vehicle. it struck chris kaba in

the head and he died a few hours later in hospital from his injuries . now later in hospital from his injuries. now in later in hospital from his injuries . now in the dock at injuries. now in the dock at westminster magistrates court today, this police officer, we cannot describe him to you. we can't tell you what he was wearing or how he looks or give you any other information that might identify this officer, because the district judge at westminster magistrates court granted an interim anonymity order. now that anonymity order will be challenged here in this heanng will be challenged here in this hearing at the old bailey by members of the press who believe that this officer should be named. there will also be a bail heanng named. there will also be a bail hearing at this court case, which i say is due to happen in about an hour or an hour and a half from now . half from now. >> and mark, you mentioned there at the top about how unusual it is for two court appearances to take place in the same day, in the morning and the afternoon . i

the morning and the afternoon. i mean, i covered many court cases when i was a newspaper reporter. inever when i was a newspaper reporter. i never remember this happening . i've never heard of this. >> i have to be honest. normally what would happen is that a defendant would get their first court appearance after being charged and of course, a magistrates court . that would of magistrates court. that would of course then be of course an indictable offence . it would indictable offence. it would require a crown court hearing and normally that's at least a few days, often a week or two after that court case and the remanded in custody. now, of course , this officer has not course, this officer has not been remanded in custody as such . he's been taken from westminster for to the old bailey, where there will be a bail application. so it might be that this officer is freed from the old bailey later this afternoon . i'm sure that members afternoon. i'm sure that members of chris kaba's family might have some concerns about that process . certainly in court process. certainly in court today, there was some emotions,

some raw emotions from members of the family. i saw chris kaba's mother and other members of the family audibly in tears as this officer appeared in the dock to answer this charge . dock to answer this charge. >> homeland security editor mark white. thank you . white. thank you. >> okay. we're cutting live to paris now. i believe we have live images of the king and queen attending a flower market in paris named after the late queen elizabeth. >> yes, the market was formerly renamed during her late majesty , a visit in 2014. and it's going to be serving this visit as the formal welcome as well to the city from the mayor of paris . it's the first time that what's called the parchment ceremony has taken place outside of the hotel de ville. and now her majesty queen elizabeth. she visited this . market in may visited this. market in may 1948 when she of the market for

p time on the 7 7 7 time on'the7th' 7 7 7 time on? the7th' of june second time on the 7th of june 2014. yeah and the king spoke last night at the elysee palace very movingly of the great kind nurse that france had shown to the royal family during the penod the royal family during the period following the queens death in september last year. >> he was very moved during that and in fact, yesterday when we covered the arrival of the king and queen in paris, it was very, very moving moment. and i think it's been a huge amount for international relations between the two countries. >> absolutely. soft diplomacy as as we keep calling it. and earlier today, king charles received a standing ovation when he gave a speech to the french senate and he delivered what was quite a strongly worded call for a victory for ukraine in in its war against what he described as russia's horrifying invasion. his speech was in part french and part english. and also very interestingly , he did touch on

interestingly, he did touch on climate change. >> yeah, although it didn't get political, which i think many people agreed. the sigh of relief over . people agreed. the sigh of relief over. but he did call for a new what he calls entente paula, durability . the paula, durability. the partnership for sustained ability to take place between france and britain. so he's still going on strongly about climate change. >> well, we will return to paris dunng >> well, we will return to paris during the program . but what during the program. but what we're going to be talking about next is the prime minister insisting that the uk can still meet climate targets despite it putting the brakes on net zero policies. more on that shortly. you're with the live desk , that you're with the live desk, that warm feeling inside made from boxt boilers is proud sponsors of weather on . gb news. of weather on. gb news. >> hello, i'm alex burkill. here's your latest gb news weather update . we have further weather update. we have further showers to come as we go through the next few days and these do bnng the next few days and these do bring the risk of some thunder, but also going have but we're also going to have some chillier nights at the moment under the

moment we are heavily under the influence pressure influence of low pressure sitting the north of the sitting just to the north of the uk. this is bringing the blustery weather and showery with front, with this occluded front, bringing of the bringing the focus of the showers of scotland showers across parts of scotland and northern ireland as we go through of day, some through the end of the day, some of be quite heavy. of these could be quite heavy. also some heavy, intense downpours across also some heavy, intense downjoers across also some heavy, intense downjof the across also some heavy, intense downjof the english across also some heavy, intense downjof the english channel. parts of the english channel. and these could reach some coastal parts in the south—east across more central eastern parts of england. we're going to have skies could turn have some clear skies could turn quite chilly here and some pockets and are pockets of mist and fog are likely through the likely as we go through the early friday. friday early hours of friday. friday then getting off to a bright sunny parts of sunny start across many parts of england, plenty showers england, but plenty of showers across the north—west and western of wales and western parts of wales and a cloudier showery across cloudier showery picture across parts scotland and northern parts of scotland and northern ireland. the cloud is to going bubble up across england. so turning cloudy as we go turning a bit cloudy as we go into a into the afternoon with a scattering showers scattering of showers developing, scattering of showers develo skies developing across bright skies developing across parts of scotland and northern ireland. temperatures may be down a degree or two compared to today, with highs around 18 celsius windy celsius staying windy across parts shetland . parts of orkney and shetland. and later friday, ridge of

and later friday, a ridge of high pressure will build in from the that's going to the west. so that's going to quieten weather quieten down our weather somewhat, taking us into a chilly night friday night into saturday. saturday itself then should be a largely fine and bright , if sunny day should be a largely fine and bright, if sunny day for bright, if not sunny day for some. rain returning in some. but the rain returning in time sunday by that warm time for sunday by that warm feeling inside from boxt boilers. >> proud sponsors of weather on

a.m. till noon on gb news, britain's news .

a.m. till noon on gb news, britain's news. channel >> hello, welcome back to the live desk on gb news rishi sunak has insisted the uk can still meet climate targets despite putting the brakes on net zero policies. >> yeah, rishi is delayed. the 2030 ban on new petrol and diesel vehicles to 2035. >> the ban on gas boilers has been delayed, as has the ban on boilers, relying on heating oil in off grid homes and policies to force landlords to upgrade energy efficiency of properties to grade c have also been scrapped . scrapped. >> now, critics have accused sunak of weaponising the issue for political gain. but the prime minister says he's taking pragmatic steps to help british families . families. >> but as i said yesterday in this debate, it gets polarised between extremes. there are people who just want to deny climate change is happening. there ong and on the other side, there are people who approach this with a kind of more ideological zeal where they just don't impact don't care about the impact on families. think families. i don't think they're right what i've done is

right either. what i've done is pick the pragmatic cause to delivering because delivering net zero, because i believe in it and i think the country does and wants to do what's necessary, but they want that in fair, that done in a fair, proportionate pragmatic way. proportionate and pragmatic way. that's that we are that's the course that we are taking, and i think that's the one that will command the broadest of support. broadest amount of support. well, we cross now to well, we can cross now to westminster to our westminster and speak to our political correspondent, olivia utley. >> olivia, thanks for joining us on desk. again, a on the live desk. again, a fascinating yougov has fascinating yougov poll has dropped overnight . the fascinating yougov poll has dropped overnight. the immediate reaction to this seems very positive. 50% support rishi's move as opposed to 34% against. but the crucial people who are behind this are the working classes. the conservative leavers and northerners and those in rural areas . olivia those in rural areas. olivia that right there is what gave rishi a whopping 80 seat majority. sorry, boris last time around, it seems that this u—turn on petrol vehicles has got off to a flying start . well got off to a flying start. well it's really interesting you pick up on that, martin. >> this, this interest in the red wall, in this reversal of

the net zero agenda reversal is too strong a word for it. rishi sunakis too strong a word for it. rishi sunak is tinkering around the edges of some of these interim targets. but i think that's what we've got to be looking at now. we've got to looking at the we've got to be looking at the electoral implications and there's fascinating there's a really fascinating sort of civil war going on within the conservative party on the one side, there are tory mps who represent that red wall areas who as you say, their constituents tend to be of the mindset yes , we do need to mindset that, yes, we do need to work out a route to cleaner energy, but it can't end up costing ordinary working families so much that they're making decisions about whether to heat or eat when it gets to the winter. so there are those red wall mps who are absolutely delighted rishi delighted with what rishi sunak's other sunak's done. and on the other side , there mps in the side, there are those mps in the blue wall, if you like, the south, east and south—west who are who wear their environmental credentials with pride and who believe very strongly that their constituents who often sway between the lib dems and the

conservatives, might swing away from the conservatives if the conservatives water down net zero legislation too much . so zero legislation too much. so rishi sunak is right in the middle of this now and what he hopes that he's done is come to some sort of compromise in the red wall. there will be mps who argue that rishi sunak hasn't gone far enough, that actually bringing the uk in line with the eu on petrol and diesel cars for instance. so delaying the ban until 2035 just just isn't isn't as far as they could be going. so rishi sunak is hoping that he's got into the middle. and i think what's fascinating about this is how many conservative mps are really lining behind mps are really lining up behind him. kemi badenoch was on the media round this morning and often you hear cabinet ministers come out and it feels a little bit as though they're sort of defending government the defending the government or the prime minister through gritted teeth, this teeth, not bad knock this morning. she really morning. she was really enthusiastic about it and very, very keen defend prime very keen to defend the prime minister at all costs. let's have listen she had to

say. >> this isn't this hasn't been done for political reasons. we need to make sure that we are making decisions for the long term, not just for next week or not for polls. we cannot run the country by polling . we have to country by polling. we have to look at what it is that people want. we're a democratically elected government. we're all mps. we have constituents who we listen to and what they are telling us is that they're worried about the cost of living. worried about worried about the cost of livinthey worried about worried about the cost of livinthey beyrried about worried about the cost of livinthey be forced bout worried about the cost of livinthey be forced tout worried about the cost of livinthey be forced to go how they will be forced to go onto electric vehicles in just five, six years time , probably five, six years time, probably even less. if you look at the mandate that we're putting in. so what we done is ease the so what we have done is ease the pressure so you can hear there that, yes, although rishi sunak has certainly made some enemies, there are plenty of conservative mps in the blue wall who who don't like what he has to say, worry about the impact on on their constituents. >> of e.on , one of >> the boss of e.on, one of britain's largest energy providers , has very providers, has been very concerned he has concerned about this. he has also made some friends and some very important friends. kemi badenoch is a big, influential

figure in the conservative party and as said at the and as you said at the beginning, most importantly of all, it looks as though all, martin, it looks as though the side. so it the public are on side. so it might be that we see in the coming days this green might be that we see in the coming (ass this green might be that we see in the coming (as we're this green might be that we see in the coming (as we're callingzen might be that we see in the coming (as we're calling it1 might be that we see in the coming (as we're calling it, is gamble, as we're calling it, is paying gamble, as we're calling it, is paying off. >> olivia utley thank for >> olivia utley thank you for that update . that superb update. >> we've to crack on >> right. we've got to crack on because we've got to get the headlines. here is rhiannon . headlines. here is rhiannon. >> good afternoon. it's 134. your top stories from the gb newsroom . the bank of england newsroom. the bank of england has left its interest rate unchanged at 5.25. it follows yesterday's better than expected inflation data. the bank's governor, andrew bailey , has governor, andrew bailey, has welcomed the news, saying he thinks inflation will continue to fall. but shadow chancellor rachel reeves says britain's been left worse off after 13 years of economic chaos and instability under the conservative natives. i think there will be a sense of relief,

particularly for those who are coming up to the end of their mortgage deals. >> but but let's look at where we are in the bigger picture because somebody's coming up to remortgage their house today is looking at paying £220 more a month than they would have done if they had a remortgage a year ago. so this is still a very challenging time for families and businesses with the cost of living crisis, which continues to bite . to bite. >> the prime minister says hard pressed families shouldn't have to pay an unaffordable price to reach net zero. rishi sunak is defending his decision to roll back some climate policies , back some climate policies, saying he won't proceed with plans that would punish motorists. and working people. changes announced yesterday include postponing the ban on new petrol and diesel cars until 2035, as well as easing rules on gas boilers . the king has paid gas boilers. the king has paid tribute to what he calls the indispensable relationship between the uk and france. he

became the only british monarch ever to speak from the senate chamber in paris , speaking in chamber in paris, speaking in both english and french, he celebrated the friendship and warm familiarity between the two nations, as well as unity on issues such as climate change and you can get more on all of those stories by visiting our website, gbnews.com . direct website, gb news.com. direct bullion website, gbnews.com. direct bullion sponsors. >> the finance report on gb news for gold and silver investment . at >> here's a quick snapshot of today's markets. the pound will buy you $1.2262 and ,1.1530. the price of gold is £1,564.73 per ounce. and the ftse 100 is at 7705 points. >> direct bullion sponsors the

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7:00 this evening. gb news is the people's . channel well the people's. channel well, come back to the live desk. >> the king and queen have visited a parisian flower market named after the late queen elizabeth. the second. it is day two of the royal couple's three day state visit to france. there we go.

>> this is live now in that flower market. there's charles pressing palms with the locals really getting amongst them. that's a superb sight to see. no heavy security yesterday, of course, pip, none of the public were allowed anywhere near the elysee and the arc de triomphe very, very tightly controlled by security. but this is much more the king charles. we're used to right in there meeting the locals. >> yeah. he's been walking through the flower market to meet local stallholders , and meet local stallholders, and they have been signing the parchment as well. and prince , i parchment as well. and prince, i still say prince charles. it's ridiculous , isn't it? king ridiculous, isn't it? king charles's mother , the late queen charles's mother, the late queen elizabeth ii. and she visited this market that's now named after her in may 1948, when she was princess elizabeth. now from here, they are going to be heading to the notre dame , where heading to the notre dame, where our royal correspondent cameron walker, is waiting for them. i think we can see cameron now.

good afternoon to you, cameron. tell us then what's going to be happening because the notre dame, four years since that awful , awful fire, but it dame, four years since that awful, awful fire, but it has been gradually rebuilt . it is . been gradually rebuilt. it is. >> and ironically, it was going under. >> and ironically, it was going under . it was >> and ironically, it was going under. it was doing renovation at the time of the fire in 2019. you mentioned the king and queen are at the flower market named after queen elizabeth ii that was renamed after queen elizabeth after a visit to her. it's very short distance , it's very short distance, actually, to notre dame cathedral all here. and she's going to be meeting a number of people here to do with that fire. first of all, the firefighters who fought so bravely to save a majority of the building, the roof and the tower in the middle was destroyed during that fire. but they saved the grand organ, for example. so they're going to be talking them about the work talking to them about the work that they did to save the building in 2019. but they're

also be talking to some also going to be talking to some of the stonemasons and people working on the building to rebuild this famous landmark in central paris, ,800 million of private funding has been pledged to rebuild the notre dame . it's to rebuild the notre dame. it's expected to be completed by 2024. so this really is a sort of a tour of paris for the king and queen before they head off to bordeaux tomorrow at the flower market. of course, you have just seen live pictures of that that's being served as the formal welcome to paris of the king of the king and queen from the mayor of paris . now, over my the mayor of paris. now, over my shoulder behind the camera, i can see a number of dignitaries starting to gather, which makes me think the king and queen have now left the flower market and are not far off from joining us here. we're watching them now. >> cameron and it does look like they are on their way to you. they are just they've been meeting and greeting the crowds . queen camilla, i think we can just see under an umbrella the

weather does not look very good, but they are just talking to a few local officials . and then it few local officials. and then it does look like any minute they will be heading off. cameron yes , it certainly does. >> obviously , it's undergoing >> obviously, it's undergoing renovation work. i can actually see them from my position here. i'm not sure if you've got a shot of the king and queen, but they will be coming here. there's a couple of tents behind me which have been set up to show their majesties the kind of renovation going renovation work which is going on.the renovation work which is going on. the king set up the prince's foundation at dumfries house in scotland, and the reason i mention that is because the king is super keen on keeping traditional skills alive , traditional skills alive, particularly stone masonry. and of course , this cathedral, when of course, this cathedral, when it was originally built all those hundreds of years ago , those hundreds of years ago, used methods and the used traditional methods and the people rebuilding it will also be using those traditional methods . so the king is going to methods. so the king is going to be particularly interested in working exactly how they are working out exactly how they are doing that . as i said, they're

doing that. as i said, they're also meeting the firefighters here at notre dame who went to save their he went to save the cathedral back in april 2019. it caused devastating damage. it was, if you remember those images, it was very dramatic. the central fire falling for king down and destroying the building. but of course, the renovation work is still very much going on here in central paris. and the king and queen are going to be looking at the kind of renovation work that's going on. the weather has just stopped raining. and so hopefully they won't need their umbrellas too much longer umbrellas for too much longer because a lot of course, because a lot of it, of course, is going to be outside for this engagement. that engagement. but we are told that their majesties will be seeing a little of sneak peek little bit of a sneak peek inside well. inside as well. >> cameron walker , stay >> okay. cameron walker, stay right we'll be getting right there. we'll be getting back to you later for on shots. of course, king charles, very , of course, king charles, very, very. he said he was utterly heartbroken when that fire broke through notre dame. so this is millions were i mean, millions of views were i mean, we've visited most us we've all visited most of us have visited notre in

we've all visited most of us hav in (isited notre in we've all visited most of us hav in ourzd notre in we've all visited most of us hav in our lifetime, tre in we've all visited most of us havin our lifetime, aa in we've all visited most of us havin our lifetime, a momentn we've all visited most of us havin our lifetime, a moment of our in our lifetime, a moment of huge emotional significance for him. later. him. that's coming up later. but now to big now let's move on to the big debates, because the study by pubuc debates, because the study by public that public first has found that parent now consider taking their children out of school for term time holidays as as entirely socially acceptable as figures from the department of education reveal that more than 5 million school days were lost in 2022 to term time holiday makers. >> school closures as a result of both the pandemic and teacher strikes have reportedly created a seismic shift in how e seismie shift in beer " ' parents daily fundamental parents view daily school attendance with many also not being deterred by government fines for their children. not attending school. well, let's dig into this, martin. let's just start with you, because you are quite happy to take your children away during term time. >> yeah, so it happened by accident because i worked all summer and wasn't able to take time off. and my children go to different schools. my daughter's nine, my boy's 14, so they have

different holidays. my daughter has weeks, boy has one. has two weeks, my boy has one. and week of overlap was the and the week of overlap was the week he's meant to be in school. but i just looked at the price is and considering he has an exemplary attendance record plus itook exemplary attendance record plus i took care of him for many months while teachers weren't at school because of covid and they keep taking strikes. i just thought, do you know what i'm to going go for the cheaper holiday? i went ahead and holiday? so i went ahead and booked it. >> how cheaper was it? >> how much cheaper was it? >> how much cheaper was it? >> well, paid £2,700 for all >> well, i paid £2,700 for all inclusive to roads and it would have been an extra £1,500. so that's a good 50% more to go. one week later, the same place , one week later, the same place, the same deal, the same people, 50% more expensive to me it became a no brainer. >> okay, well, let's see if our guests think it's a no brainer. we're joined by the head of education at the centre for policy studies, mark lehane . i policy studies, mark lehane. i hope i've said that correctly and the director of us for them , arabella skinner. so mark, let's start with you . first of let's start with you. first of all, you've just heard what

martin said. is he right? is it a no brainer to take your kids away during school term time? >> well, i think what martin said is what a lot of people feel as that report found. >> and it's not really a surprise. last year, 1 in 9 kids on any given school was off on any given school day was off and what i would say, given my experience as a head teacher in the past, was we'd done a really good job before covid of convincing of convincing families of the importance their child going importance of their child going in every day school was reinforcing that message. >> was >> the government was reinforcing that message. >> really surprise >> it's not really a surprise then, a few years then, that after a few years where, of all, the where, first of all, the government saying kids, where, first of all, the gov> but i'm afraid. martin i think people wrong to take >> but i'm afraid. martin i thinioutople wrong to take >> but i'm afraid. martin i thiniout of e wrong to take >> but i'm afraid. martin i thiniout of school/rong to take >> but i'm afraid. martin i thiniout of school forg to take >> but i'm afraid. martin i thiniout of school for holidays kids out of school for holidays or because although or other stuff because although it big it might not have a big impact on an individual get on on an individual child, i get that impact on the class and that the impact on the class and remember , school social remember, school is a social thing. impact on the class of >> the impact on the class of a kid missing a day here than another kid missing a day and

another kid missing a day and another a day . it another kid missing a day. it builds time. it's really another kid missing a day. it buildto time. it's really another kid missing a day. it buildto teach time. it's really another kid missing a day. it buildto teach youre. it's really another kid missing a day. it buildto teach your class really another kid missing a day. it buildto teach your class well/ another kid missing a day. it buildto teach your class well if hard to teach your class well if they're together. >> okay, arabella, i already feel on naughty feel like i'm on the naughty step here. are you going to add to woes? to my woes? >> think what you're saying, >> i think what you're saying, martin, very much what we're martin, is very much what we're heanng martin, is very much what we're hearing parents and you hearing from our parents and you have to remember that us, for them to life because we them came to life because we wanted children back in wanted our children back in school. were campaigning wanted our children back in school. school'e campaigning wanted our children back in school. school closuresigning wanted our children back in school. school closures and|g against school closures and wanted children to be at the forefront of policy and thought about. so it's really sad that now many parents feel that it's acceptable to take children out when they were campaigning for children to be in school. and it's very much what mark was talking about. we have said over the last 3 or 4 years that actually a day here and there really doesn't matter that education isn't as important . education isn't as important. and as this report says, that parents are balancing other demands . so, yeah , we really demands. so, yeah, we really need to get back to a world where we put education first and we make parents and feel it's

valuable being in school because at the moment that contract is broken. >> mark sorry , i just wanted to >> mark sorry, i just wanted to ask mark whether there is an age consideration. so is it a lot easier to take your primary school child away on holiday because perhaps the level of teaching isn't as as intensive ? teaching isn't as as intensive? is that is that better or more excusable than if you did it with a child who's, you know, studying for their gcses, perhaps ? perhaps? >> i think probably the impact would be more immediate for older children that have got exams. but my primary friends would probably be pulling a face at idea that less at the idea that it's less important younger important that that younger children are school every children are in school every day. does like children are in school every dsaid, does like children are in school every dsaid, the does like children are in school every dsaid, the reasonyes like children are in school every dsaid, the reason why like children are in school every dsaid, the reason why we like children are in school every dsaid, the reason why we send; i said, the reason why we send kids to school rather than teaching at home or have teaching them at home or have governesses days governesses like in the old days is because a social is because school is a social process. it is about the joy of having a of teachers as having a class of teachers as class children expert class of children and an expert at of classroom at the front of that classroom going through learning going through the learning together. said , even together. so like i said, even if just miss day here if they do just miss a day here and there, it does soon and a day there, it does soon wrap impact isn't wrap up and the impact isn't

just your own child, the just on your own child, it's the impact else. impact on everyone else. and listen, you don't have to send your child school. the your child to school. the children right to an children have a right to an education. don't have go education. they don't have to go to if you do choose to school. but if you do choose to school. but if you do choose to child school and to school. but if you do choose to the child school and to school. but if you do choose to the government school and to school. but if you do choose to the government spend and to school. but if you do choose to the government spend six, have the government spend six, £7,000 on right. so £7,000 a year on them, right. so kind of deal is for 190 days kind of the deal is for 190 days a year, there and then a year, they are there and then you've the other 175 days you've got the other 175 days a year to do other lovely stuff. and i know it's bind. i've got and i know it's a bind. i've got four my own. they're all four kids of my own. they're all in school. >> but what >> okay, but what about you teachers going teachers who are going on strike? result is the strike? the end result is the same. i know you're reasoning. you've what you believe a you've got what you believe is a very reason, the end very good reason, but the end result the kids result is still the same. kids are missing it's okay are missing school. so it's okay for strike and kids for teachers to strike and kids to but it's okay for to be off. but it's not okay for parents make the decision to parents to make the decision to take away. take them away. >> know, the strikes take them away. >> disgrace. the strikes take them away. >> disgrace. and the strikes take them away. >> disgrace. and th been> disgrace. and th been on were disgrace. and i've been on this a lot saying this program quite a lot saying it a wrong it was a wrong it was a wrong it was a wrong reason for strike in the wrong place wrong the place at the wrong time. the teaching profession, sadly. place at the wrong time. the teachi let)rofession, sadly. place at the wrong time. the teachi let)rofessi specific. . place at the wrong time. the teachi let)rofessi specific. some sorry, let me be specific. some teachers, a teachers, because only a minority on minority of teachers went on strike, some teachers have undermined work of strike, some teachers have und rest ned work of strike, some teachers have und rest ofd work of strike, some teachers have und rest of the work of strike, some teachers have und rest of the profession nork of strike, some teachers have undrest of the profession overof the rest of the profession over the rest of the profession over the going strike. the years by going on strike. and this is the consequence of their action.

>> and arabella, i know the superb for did superb work that as for them did to open, the to keep schools open, the weaponising of masks of vaccines of covid, the national education union, if you remember, were putting out misinformation, saying that teachers were more at risk. i think politically trying to close schools. and of course, parents will have carrying the can. do you think this this trend taking kids this this trend of taking kids out of school shows that that kind of that contract, if you like, kind of been broken like, has kind of been broken that contract of trust of that contract of trust and of respect ? respect? >> i think you're absolutely right. and this has been shown through the ofsted head of ofsted has said this as well as the children's commissioner has said this. but what we're finding is that parents find it incredibly insulting to be told they're going to be fined for taking for a day and taking a child out for a day and yet get a week's notice yet they can get a week's notice that they have to take a day off work in fact, 3 or 4 days off work or in fact, 3 or 4 days off work or in fact, 3 or 4 days off work when teachers go on strike or when there's no water getting to school or when there's, to your school or when there's, you concrete in your you know, concrete in your school. and it's a constant it's a constant battle. so that

social contract of why school is important , social contract of why school is important, potent. and as mark talks about why school is a social animal and that was hugely forgotten during the pandemic by saying it's okay to sit at home and sit behind a screen, we relegated education to simply the bare bones of academia and rather the hugely important elements of social development . development. >> okay, in the interests of balance. so this is two anti teacher. i asked for comments at the start of today. we've had hundreds and hundreds of comments on this. this is a very interesting one from somebody called turfy teacher. i'm a teacher it's a nightmare. if teacher and it's a nightmare. if children week or children are off for a week or so, it leaves the entire class behind. martin this is really selfish of you, mark. >> listen, at the end of the day , children belong to their family, not to the state or anyone else. so parents must have the final say as to what they do with their children. okay. but what i would say is where make where people are trying to make decisions sending their decisions about sending their

kids made kids to school if they've made that enrol them at that decision to enrol them at school, need abide by school, they need to abide by the contract and have school, they need to abide by the in contract and have school, they need to abide by the in everytract and have school, they need to abide by the in every day and have school, they need to abide by the in every day asd have school, they need to abide by the in every day as farave school, they need to abide by the in every day as far ase them in every day as far as possible. there will always be exceptions totally exceptions to that. i totally get but generally get that. but generally speaking, is speaking, unless it really is exceptional, be exceptional, they've got to be in school term holidays in school and term time holidays for feel like an for me. don't feel like an exceptional reason to miss that. >> mark and arabella, thank you both. interesting both. really interesting discussion. are you going to do a bit of i mean, come several cultural activities with your kids when you go away? >> i am doing culture and he has some assessments and we're going to do them on holiday. we're going to make sure we keep on with schooling. with his schooling. >> really interesting with his schooling. >> that.3lly interesting with his schooling. >> that.3lly intyou,ing with his schooling. >> that. ally int you, for debate that. thank you, for martin, your story. and thank you to our guests. do stay with us. here on the live desk on gb news. plenty more to come. we are with in paris with the king and queen as they continue their state . stay with us. state visit. stay with us. >> that warm feeling inside ed from boxt boilers is proud sponsors of weather on . gb news.

sponsors of weather on. gb news. >> hello, i'm alex burkill. here's your latest gb news weather update . we have further weather update. we have further showers to come as we go through the days and these the next few days and these do bnng the next few days and these do bring risk of some thunder, bring the risk of some thunder, but we're also have but we're also going to have some nights. some chillier nights. at the moment under the moment we are heavily under the influence low pressure influence of low pressure sitting the north the sitting just to the north of the uk . this is bringing the uk. this is bringing the blustery and showery blustery weather and showery with occluded front, with this occluded front, bringing the of the bringing the focus of the showers parts of scotland showers across parts of scotland and ireland. we go and northern ireland. as we go through of the day, some through the end of the day, some of could be quite heavy. of these could be quite heavy. also some heavy, intense downpours across downpours developing across parts channel. parts of the english channel. and these could reach some coastal parts in the south—east across more central eastern parts of england. we're going to have some clear skies. could turn quite chilly here and some pockets of mist and are pockets of mist and fog are likely go through likely as we go through the early friday. friday likely as we go through the earlygetting friday. friday likely as we go through the early getting off �*iday. friday likely as we go through the early getting off to |y. friday likely as we go through the early getting off to a friday likely as we go through the earlygetting off to a bright then getting off to a bright sunny start across many parts of england, of showers england, but plenty of showers across and across the north—west and western wales and western parts of wales and a cloudier showery picture across western parts of wales and a cloud of showery picture across western parts of wales and a cloud of scotland picture across western parts of wales and a cloud of scotland and|re across western parts of wales and a cloud of scotland and northern parts of scotland and northern ireland. the cloud is going to bubble across so bubble up across england, so turning cloudy as we go turning a bit cloudy as we go into the afternoon with a

scattering of showers developing, notice some developing, though, notice some bright across bright skies developing across parts of scotland and northern ireland. may be ireland. temperatures may be down or two compared to down a degree or two compared to today 18 today with highs around 18 celsius staying windy across parts of orkney and shetland . parts of orkney and shetland. later friday, ridge of high later friday, a ridge of high pressure will build in from the west. so that's going to quieten pressure will build in from the west. ourthat's going to quieten pressure will build in from the west. our weathering to quieten pressure will build in from the west. our weather somewhat, en down our weather somewhat, taking us chilly night taking us into a chilly night friday into saturday, friday night into saturday, saturday then should be saturday itself. then should be a largely fine and bright, if not sunny day for some. but the rain returning time for rain returning in time for sunday by that warm feeling inside from boxt boilers >> proud sponsors of weather on

gb news. >> good afternoon. it's £0.02 pm and you're with the live desk here on gb news. coming up this thursday , a lunchtime. thursday, a lunchtime. >> news for borrowers as >> good news for borrowers as the bank of england decides to hold interest rate at 5.25. hold the interest rate at 5.25. rather than raising them again. but it was a knife edge decision with the committee voting to hold by just one vote and the king and queen visit a flower market in paris named after the late queen elizabeth i before going on a walkabout and now arriving at the legendary notre dame cathedral . and the prime dame cathedral. and the prime minister says the uk will hit net zero by 2050, despite a major shift in government policy. labour says they'll reverse the delay on the ban of

petrol and diesel cars. we'll have the latest reaction from westminster . westminster. and the wales go slow . and the wales go slow. >> not the creatures but the country . we'll be joined by country. we'll be joined by businessmen from carmarthenshire enraged by the new 20 mile an hour speed limit . but first, hour speed limit. but first, it's your news headlines with rhiannon . rhiannon. >> good afternoon . it's one >> good afternoon. it's one minute past to your top stories from the gp newsroom . the bank from the gp newsroom. the bank of england's left its interest rate unchanged at 5.25. but our economics and business editor liam halligan has been outside the bank . the bank. >> we're a couple of hours on now, but at 12 noon today, the bank of england behind me, their monetary policy committee did make the really important decision to hold interest rates

at 5.25, five only finally, finally , after 14 successive finally, after 14 successive rate rises from 0.1% at the end of 2001, all the way up to 5.25, the bank of england has finally decided enough is enough and inflation is now coming down and there's no need for now, at least to raise rates any more . least to raise rates any more. this will be a huge relief to young families with variable rate mortgages . it will be rate mortgages. it will be a huge relief to companies with variable rate loans. it will be a huge relief to many consumers across the country who have been grappling with high energy bills i >> -- >> liam halligan from outside the bank of england. there will shadow chancellor rachel reeves says despite that, the bank's decision britain's been left worse the conservative gives. >> i think there will be a sense of relief, particularly for those who are coming up to the end of their mortgage deals. but let's look at where we are in the bigger picture, because somebody coming up to remortgage

their house today is looking at paying their house today is looking at paying £220 more a month than they would have done if they had a remortgaged a year ago. so this is still a very challenging time families and businesses time for families and businesses with the cost of living crisis, which continues to bite . the which continues to bite. the prime minister says hard pressed families shouldn't have to pay an unaffordable price to reach net zero. >> rishi sunak still defending his decision to roll back some climate policies, saying he won't proceed with plans that would punish motorists and working people . working people. >> all we've been through the numbers and we're absolutely confident that we are on track to hit all our international and domestic targets, which, the domestic targets, which, by the way, are world leading. the way, are world leading. and the reason confidence in that reason i have confidence in that is because we've overdelivered on our carbon budgets on all of our carbon budgets today, despite everyone saying, on all of our carbon budgets tod(you espite everyone saying, on all of our carbon budgets tod(you might everyone saying, on all of our carbon budgets tod(you might notyone saying, on all of our carbon budgets tod(you might not hit|e saying, on all of our carbon budgets tod(you might not hit them ng, on all of our carbon budgets tod(you might not hit them , g, oh, you might not hit them, we've them. we've overdelivered on them. plus we can see that the costs of these of some of these new technologies falling far technologies are falling far faster than people have predicted . offshore wind predicted. offshore wind is a great example of that cost. today, 70% than we

today, 70% less than we predicted in 2016 . predicted in 2016. >> but shadow for minister industry and decarbonisation, sarah jones, says it's the wrong decision in rishi sunak just doesn't get it. >> he's weak . doesn't get it. >> he's weak. he's given in to liz truss at the first hurdle net zero is the biggest economic opportunity we have in the 21st century. we are a country where we talk about the former industrial heartlands. what labour wants to do is get rid of that label former and create jobs across the country and keep people's bills down. now, what he did yesterday is not going to help keep people's bills . help keep people's bills. >> the king and queen have continued with their state visit to france this afternoon. they've attended a flower market named after queen elizabeth. and earlier, king charles received a standing ovation for his speech , which he delivered in both languages to the french senate. well, let's cross live to our

royal correspondent, cameron walker, who's in paris for us. cameron they haven't let a little rain dampen their spirits. where are they now ? spirits. where are they now? >> no, they're certainly not. they are just here at the notre—dame cathedral. you might be able to see them walking into the structure of the cathedral. of they've looking of course, they've been looking or of the or hearing about some of the damage caused by that devastating fire in 2019 and heanng devastating fire in 2019 and hearing about some of the restoration work that has been going on here. ,800 million of private investment to restore some of those some of that ancient stonework. so the king has been meeting craftspeople and stonemasons , working on the and stonemasons, working on the notre—dame cathedral as well, as well as hearing from some of the firefighters who fought so bravely to try and save the main structure of the cathedral and indeed the grand organ. when the fire started, it brought down 750 tonnes of stones and leads in the central spire, collapsed . but renovation work is still ongoing . the king and queen ongoing. the king and queen going inside accompanied by president macron and the and the

first lady of france as well. and the work is expected to be completed by 2024, the end of 2024 , and a warm reception for 2024, and a warm reception for them earlier at the french senate to cameron walker there. >> thank you very much. our royal correspondent, live from paris for us for a soldier, daniel khalife has pleaded not guilty to escaping from wandsworth prison in london. our national reporter theo theo chikomba has the details from outside the old bailey , the 21 outside the old bailey, the 21 year old appeared via video link from the category a belmarsh prison wearing a blue and a bright yellow sweater . bright yellow sweater. >> it is his second appearance in court after he was charged with escaping from prison. the former soldier turned terror suspect became the most wanted man in the uk after he allegedly escaped from the category b prison on september the sixth. it led to a national manhunt causing disruption at ports and

airports ports across the uk. before he was caught by a plain clothed counter terrorism officer on september the ninth. he will remain in custody until his trial date at woolwich crown court on the 13th of november. >> theo chikomba reporting more action is needed to crack down on shoplifting. that's to according the co—op group. after it reported the highest ever levels of shop crime. it says its food business lost £33 million this year due to costs , million this year due to costs, including thefts and security . including thefts and security. the retail chain says looting and organised crime gangs are a growing problem with the vast majority of offenders going unpunished . this is gb news unpunished. this is gb news across the uk on tv, in your car, on digital radio and on your smart speaker by simply saying play gb news now it's back over to martin and . pip rhiannon. >> thank you . after 14

>> thank you. after 14 consecutive straight rises, the bank of england's monetary committee has voted 5 to 4 to hold the base interest rate at 5.25. >> yeah. governor andrew bailey voted to hold the rate at 5.25. but is it too little, too late for so many britons as well? joining us now for the latest on the bank's decision is jasmine birtles, financial journalist and founder of money magpie .com jasmine always a pleasure. so good news i guess for the blighted mortgage owners and property owners of britain . but property owners of britain. but do you think this is too little too late? well yes, frankly, i mean, i was one of those who said that we should put interest rates up much earlier than they did because they waited for so long. >> we've had this sort of continuous increase, basically over the last nearly two years, you know, month on month, increasing the rates which has just created more panic and definitely expense for

borrowers, particularly mortgage borrowers, particularly mortgage borrowers , as . borrowers, as. >> so, jasmine, do you think this will be it now that interest rates will start to go down? >> oh, gosh, you know, the $64,000 question. >> i mean, in theory , yes, in >> i mean, in theory, yes, in theory, the bank of england is saying that in two years time, possibly earlier , that we will possibly earlier, that we will get to down their inflation target of 2. >> as you know, we heard yesterday that inflation has come down by 0.1% to 6.7. so, you know , inflation has been you know, inflation has been coming down. >> they say that it's going to continue to come down and therefore or you would hope they wouldn't have to put rates up . wouldn't have to put rates up. however, there are all sorts of imponderables here because, for example, right at the moment, the price of oil per barrel is nearly at 100, $100. we're also looking at possible increases in

fuel price of fuel and food, although the cost of food has been coming down, there are other pressures from ukraine. et cetera. >> that means that the price of food could go up again . food could go up again. >> so it's possible that inflation could start going up again, maybe just for a month or maybe for longer. is that happens. bank of england might think again. they might say , think again. they might say, well, maybe we should put it up by another quarter of a% but barring all of that , in theory, barring all of that, in theory, yeah, we feel like we may have peaked at the moment for interest rate and that you would hope rates will start to come down in the next few months. >> well, jasmine , jasmine, >> well, jasmine, jasmine, andrew bailey, the bank of england governor, is taking some credit for this today, saying inflation, inflation has fallen because our previous rates are working . but he did warn, working. but he did warn, however, that we will keep rates high enough for long enough to get inflation down to 2. but the

housing market, of course, has ground to a halt because the high cost of loans. do you think there's going to be some better products coming into the market now? and this will be good news for those looking to buy? >> yes. in fact , it has already >> yes. in fact, it has already happened. >> i've had press releases over the last couple of weeks from a lot of lenders saying we're cutting our rates, we're cutting our rates. and as you know, there's it's not just the bank of england base rate that affects the mortgage prices. it's also competition. and there is a lot of competition in the market so that on its own , i market so that on its own, i think should bring rates down together with a bit more certainty on the base rate and not too soon because apparently 2.2 mortgage, million mortgage holders in this country are already struggling to pay their mortgage. and we haven't really even begun to see the effect of interest rates on mortgage holders because it's just really

now in the last few months that we've really seen the number of people who've needed to remortgage and these remortgages are going to come. there will be more and more of them in the next year . and so that's really next year. and so that's really when we will see the pain hitting as people move from say, about a 2% mortgage to more like four and a half, maybe 5% mortgage, depending on what they can get. it's a big, big jump every month to find that extra money. >> can we also just touch on savers , because there are people savers, because there are people out there who have who have benefited from this interest rate rise, but those deals that are out there now that the rates being held, those deals might be pulled quite quickly . oh, are pulled quite quickly. oh, are you still can you still hear me, jasmine? oh what a shame. that was jasmine birtles, financial journalist and founder of money magpie .com. we might come back to that question about savers, but let's go to our south—west

of england. reporter jeff moody, who's in south molton pannier market for us getting the word on the ground aren't you geoff and what are you finding out ? and what are you finding out? >> i'm getting the word on the ground and i'm also getting wet . it's now pouring down with rain . i've had the whole gamut rain. i've had the whole gamut of views this morning, to be honest . i've of views this morning, to be honest. i've had of views this morning, to be honest . i've had savers that say honest. i've had savers that say they'd rather interest rates have gone up a little bit because they're saving. i've had people it's really people saying, well, it's really good that interest rates good news that interest rates are stabilise and are starting to stabilise and it's really going to help my business. talked estate business. i've talked to estate agents now the pouring agents and now in the pouring rain, talking to some rain, i'm talking to some tourists because tourists are very important down here in nonh very important down here in north devon. hello, everybody . north devon. hello, everybody. hello. welcome devon. hello. welcome to north devon. it rains down here, i tell you . it rains down here, i tell you. are you having a good holiday? >> yes. yes. are you having a good holiday? >> yes. ye whereabouts are >> yes. good. whereabouts are you ? you from? >> oh, south of bath . >> oh, south of bath. >> oh, south of bath. >> south of bath? yes i say bath south of bath . right. so good south of bath. right. so good news today. interest rates staying the same. we're also heanng staying the same. we're also hearing yesterday , of course, hearing yesterday, of course, inflation starting to go down.

people are saying that it's the beginning of the end of the cost of living crisis. is that how you see it ? you see it? >> well, we've been a bit switched off being on holiday . switched off being on holiday. >> one thing we have noticed is just how much our grocery delivery costs this holiday compared to last time we went and stayed in a holiday cottage and stayed in a holiday cottage a couple of years ago. >> so some things as much as double the price . double the price. >> so if inflation is now slowing down, then and interest rates have stopped increasing, then that's good news. >> five children, madam? yes so i'd imagine the cost of groceries is of extreme importance to you. yes >> yes, it is . um. they like to >> yes, it is. um. they like to eat . eat. >> they do you like to eat, don't you? yeah. we get so tall. >> so again, how do we get so tall? >> that's how you get so tall. standing in the rain makes you taller as well. it really is raining here. north devon always

rains like this, but out of the daily costs that you have, what have you noticed? what have you struggled with the most during this crisis ? this crisis? >> i don't know really . >> i don't know really. >> i don't know really. >> i don't know really. >> i make a lot of what we eat, so and i haven't got i haven't kept track , but it was useful kept track, but it was useful looking at the receipt from the houday looking at the receipt from the holiday last time . holiday last time. >> and this time, one thing we noficed >> and this time, one thing we noticed particularly was we don't normally rely on canned goods or ready meals and things like that, but that's something that on holiday we treat ourselves to so we don't have to cook so much and things like that have gone up a lot. >> something that >> and that's something that we've a great deal. we've noticed a great deal. >> notice the broccoli was >> you notice the broccoli was 99 to 199. >> that sort of thing. yeah, yeah. but a sense of optimism now that things are going to start to get better , that, you start to get better, that, you know, actually saying this is the beginning of the end of the cost of living crisis, which is quite some some statement really, isn't it? >> you do you sort see

>> do you do you sort of see that as the case? >> i think it will take a while to filter down, honestly. >> yes, it will take time. >> yes, it will take time. >> but i mean, if it is happening, then that's good news. >> yeah , it is good news. >> yeah, it is good news. >> yeah, it is good news. >> well, i could stay and talk to you a lot more and i could introduce some more people just for you. but i'm going for you. but i'm not going to because really pouring because it really is pouring with to you in the with rain. so back to you in the studio . studio. >> jeff, thanks very much. make sure you get yourself in the dry won't you? just want to bring you some breaking news. this is coming from a fox news. it has been confirmed that rupert murdoch , who has, of course, murdoch, who has, of course, that global media empire, he is stepping down. he is transitioning from his role as chair of fox corporation and executive chair of news corp. that has just been announced . that has just been announced. he's informed colleagues in a letter of his decision and the 92 year old is handing over to his son lachlan in november, who will become the sole chairman of

both companies. >> that's right. murdoch, of course, got a media career spanning nearly 70 years. he's beganin spanning nearly 70 years. he's began in 1954, and the huge story now is that succession . of story now is that succession. of course, lots of rumours that that show was based on his real life. and lachlan is the son who is taking the mantle. huge media news, a massive character over the years, and very instrumental, of course, in british politics and who was selected and chosen in as prime minister . minister. >> that media empire includes fox channel, which launched fox news channel, which launched back in 1996 under news corp and very quickly established itself for its 24 hour news coverage. recently celebrated its 25th anniversary. we murdoch's career well it's spanned the decades and he certainly has put his stamp on the entire world. but what we are just hearing now is that rupert murdoch is stepping down at the age of 92. and he is

handing over to his son, lachlan, who will become sole chair of fox corporation and executive chair of news corp . executive chair of news corp. this news is really going to rock the media world. yeah. >> and no no reason given behind this. it seems to be entirely of his own volition. i've decided to transition to the role of chairman emeritus at fox and fox news. so this is a voluntary choice? no no message at all about health or or anything like that. it seems like this is his choice to step down and hand over to his son, lachlan , who of over to his son, lachlan, who of course, has been many, many years in the wing, groomed and nurtured as a natural successor. and that now has happened. >> yeah. rupert murdoch has informed odd colleagues in a letter and he said that for my entire professional life i have been engaged daily with news and ideas and that is not going to change. farage i'm writing to let you know that i have decided

to transition to the role of chair emeritus at fox and news. the time is right for me, he says , to take on different says, to take on different roles, knowing that we have truly talented teams and a passionate, principled leader in lachlan lachlan, his son who will become sole chairman of both companies, truly proud of what we have achieved collectively through the decades and i owe much to my colleagues whose contribution to our success have sometimes been unseen outside the company but are deeply appreciated by me. we will be getting reaction to this breaking news here on the live desk on gb news. but media mogul rupert murdoch, 92 years old, he is stepping down. he could stay with us here on the live desk. we will be returning to paris to the notre dame , where the king the notre dame, where the king and queen are visiting during their state visit to france . their state visit to france. first, your latest weather forecast .

forecast. >> that warm feeling inside from boxt boilers proud sponsors of weather on . news. weather on. news. >> hello, i'm alex burkill. here's your latest gb news weather update. we have further showers to come as we go through the next few days and these do bnng the next few days and these do bring risk some thunder. bring the risk of some thunder. but also going to have but we're also going to have some chillier nights at the moment, under the moment, we are heavily under the influence pressure influence of low pressure sitting the sitting just to the north of the uk. is bringing uk. this is bringing the blustery weather and showery with occluded front with this occluded front bringing focus the bringing the focus of the showers across of scotland showers across parts of scotland and northern ireland. as we go through the of the day, some through the end of the day, some of these could quite heavy. of these could be quite heavy. also heavy, intense also some heavy, intense downpours developing across parts english channel. parts of the english channel. these could reach some coastal parts the south—east across parts in the south—east across more central eastern parts of england. going to have england. we're going to have some could turn some clear skies. could turn quite some quite chilly here and some pockets mist and fog are pockets of mist and fog are likely through the likely as we go through the early hours of friday, friday, then getting off to a bright sunny across parts of sunny start across many parts of england, of showers england, but plenty of showers across and across the north—west and western wales . and a western parts of wales. and a

cloudier across cloudier showery picture across parts of scotland and northern ireland. the cloud is going to bubble across england, so bubble up across england, so turning cloudy we go turning a bit cloudy as we go into afternoon with a into the afternoon with a scattering of showers developing, some developing, though, notice some bright developing across bright skies developing across parts and northern parts of scotland and northern ireland. temperatures be parts of scotland and northern irelana temperatures be parts of scotland and northern irelana degree ratures be parts of scotland and northern irelana degree orures be parts of scotland and northern irelana degree or two be parts of scotland and northern irelana degree or two compared to down a degree or two compared to today with highs around 18 celsius. windy across celsius. staying windy across parts of orkney and shetland later friday. a ridge of high pressure will build in from the west. so going to quieten west. so that's going to quieten down our weather somewhat, taking chilly night taking us into a chilly night friday night into saturday, saturday itself then should be a largely fine and bright, if not sunny day for some. but the rain returning for sunday by returning in time for sunday by that warm feeling inside from boxt boilers >> proud sponsors of weather on gb news

a.m. till noon on gb news, britain's news . a.m. till noon on gb news, britain's news. channel >> welcome back. now the king and queen have visited a parisian flower market named after the late queen elizabeth ii. >> it's day two of the royal couple's three day visit to france early today, king charles made history by becoming the first british monarch to address the french senate. >> our royal correspondent cameron walker , can join us now cameron walker, can join us now from paris . cameron walker, can join us now from paris. he's he is following the king and queen and they have arrived , i think cameron now at arrived, i think cameron now at notre dame cathedral. that's where you are ? yeah they

where you are? yeah they certainly have. >> in fact, they have just left notre—dame cathedral. it's a very busy day of engagements here both the king and here for both the king and queen. some separates and some together. but to start off with , the king this morning addressed the french senate. he is the first british member of the royal family ever to do so. and he quite strongly spoke about the war in ukraine and particularly the russian aggression . he said we once aggression. he said we once again face unprovoked aggression on our continent and our alliance . but speaking about alliance. but speaking about france and britain and our resolve are as important as even resolve are as important as ever, he also talks about climate change and saying we must strive together to protect the world from our most existential , existential existential, existential challenge of all, which is in contrast to prince william. earlier this week , king earlier this week, king charles's son, who was talking about the need for optimism when it comes to climate change and environmental change. so a bit of a difference between father and son. there but i spoke to a senator who actually met king

charles earlier on today in side the senate. it's eric bouquet . the senate. it's eric bouquet. he's the chair of the france uk friendship group inside the french senate. and he spoke about the importance of strength , strengthening relationships in a post—brexit . world a post—brexit. world >> okay. and cameron, what are they doing for the rest of today then? because as you say, they've been to notre dame and that would have been quite a visit because of the restoration works that have been going on over the last few years. over over the last few years. 2019, wasn't it? the fire must have been quite touching for them to be there . them to be there. >> yes, it certainly was. and they met both firefighters who bravely fought to save the main structure that you can see behind me, of course, 750 tonnes of stone and lead fell down when the roof collapsed. and the central spire collapsed during that devastating fire in april 2019. but the vast majority of the building was saved due to the building was saved due to the work of 500 or so firefighters. so the king and

queen, accompanied by president macron and the first and the first lady of france as well, met the firefighters here. but then went on to meet some of those working on the restoration of the building, ,800 million of private investment has been given to renovate the building, expected to be completed in 2024. the end of 2024. traditional stone masonry. the king got a chance to have a look at some of the stone gargoyles being carved by some of the stonemasons . is there a lot of stonemasons. is there a lot of money? as i said, is being spent on and expected to be on this and expected to be completed later? the queen was accompanied by the first lady of france earlier on and they collectively launched a new france uk literary prize as the bibliotheque nationale of france . the public library, the national library here in france, the queen and the first lady of france, both passionate believers and champions of literacy and the importance of reading. and they even had a game of table tennis as well . i game of table tennis as well. i have to say, i've seen the

footage and the queen is not as good as the first lady. i'm afraid. but she definitely got stuck in good old british spirit when it comes to sporting events. and speaking of sporting events, the rugby world cup is being hosted in at the being hosted in france at the moment. the king queen moment. so the king and queen got to some rugby moment. so the king and queen got as to some rugby moment. so the king and queen got as well. to some rugby stars as well. >> and it's worth pointing out camera man, the prince charles, as he was then messaged macron in 2019, saying it was utterly heartbreaking. the fire at notre dame behind you, which he dubbed one of the greatest architectural achievements of western civilisation . yes exactly. >> and i think that just shows the strength of the british france relationship when it comes to governments, but also individuals as well. because what the king touched on in his speech to the senate earlier today was the fact of how kind of struck and heartfelt it was that president macron ordered the union flag to fly above the

elysee palace last year following the death of her majesty queen elizabeth ii. and he there was truly touched by the french people and their and their tributes to her late majesty, of course , the queen majesty, of course, the queen elizabeth ii addressed the senate in 2004 during her state visit, but not from the chamber itself. that was something that king charles did for the first time today. but just observing the presidents and the king over the presidents and the king over the last couple of days, first at the arc de triomphe and here at the arc de triomphe and here at cathedral and at the notre—dame cathedral and the , they clearly the senate as well, they clearly do have a very warm and friendly relationship towards one another. president macron another. we saw president macron put his hand on the king's back. lots of people that's lots of people saying that's breaking protocol. it's breaking royal protocol. it's absolutely i've been absolutely not. i've been assured he is more than comfortable with that kind of intimacy from a close neighbour such president , an such as the french president, an excellent royal correspondent, cameron walker , talking to us cameron walker, talking to us from paris. >> thank you very much . >> thank you very much. >> thank you very much. >> superb. now, there's plenty more to come after your news headunes more to come after your news headlines with . rihanna

headlines with. rihanna >> good afternoon . it's exactly >> good afternoon. it's exactly 230. your top stories from the newsroom . media mogul rupert newsroom. media mogul rupert murdoch is stepping down from his role as chairman of fox and news corporation in a note to staff , he said he news corporation in a note to staff, he said he and his companies are in robust health and that the battle for freedom of speech has never been more intense. he'll take on the role of chairman emeritus while his son lachlan , becomes sole son lachlan, becomes sole chairman of both companies. the bank of england has left its interest rate unchanged at 5.25. our economics and business editor liam halligan is outside the bank of england for us. it follows yesterday's better than expected inflation data. the bank's governor, andrew bailey, has welcomed the news, saying he thinks inflation will continue to fall . the prime minister says

to fall. the prime minister says hard pressed families shouldn't have to pay an unaffordable price to reach net zero. rishi sunakis price to reach net zero. rishi sunak is defending his decision to roll back some climate policies , saying he won't policies, saying he won't proceed with plans that would punish motorists and working people . the changes announced people. the changes announced yesterday include postponing the ban on new petrol and diesel cars until 2035, as well as easing rules on gas boilers . the easing rules on gas boilers. the king has paid tribute to what he calls the indispensable relationship between the uk and france . the monarch is currently france. the monarch is currently visiting notre dame cathedral as part of a three day state visit . earlier, he became the only british monarch ever to speak from the senate chamber in paris . speaking in both languages, he celebrates the friendship and warm familiarity between the two nations, as well as unity on issues such as climate change and more action is needed to crack down on shoplifters looting. that's according to the

co—op group , looting. that's according to the co—op group, after it reported the highest ever levels of shop crime. it says its food business lost £33 million this year due to costs, including thefts and security. the retail chain says looting and organised crime gangs are a growing problem with the vast majority of offenders going unpunished . and you can going unpunished. and you can get more on all of those stories by visiting our website, gbnews.com .

gb news radio. >> welcome back . you're with the >> welcome back. you're with the live desk. well, after 14 consecutive straight rises as the bank of england's monetary committee has voted 5 to 4 to hold the base rate , the base hold the base rate, the base interest rate at 5.25. >> but what does that mean to so many of britain's mortgage holders? >> well, with us now is sally mitchell, mortgage adviser and broker. sally, we've had reaction from plenty of viewers and listeners. i mean, some of them are telling us that in just them are telling us that in just the space of a year or so, their mortgages have gone up by £600 or more. does this news today provide a little respite for mortgage holders , as i think it does. >> i think psychologically know to have this pause, this this slight halt in the it seeming seems never ending hike in interest rates is going to give

a lot of succour to people. while it's true that many people have seen their rates in kyrees phenomenally over the last few years and of course we've only just started to hit the tip of the iceberg because in the next quarter there are between 6 and 800,000 people coming off low fixed interest rates with their mortgages and even though we haven't gone up this month, those people are still facing a 5.25 ramification of their rates. so you know, we're going to be feeling the pinch for quite a considerable amount of time. >> so sally , andrew bailey, the >> so sally, andrew bailey, the bank of england governor, today was saying that we will keep rates high enough and for long enough to get inflation down to 2. they're still way off that, of course, 6.7 at the moment. but people who are but to those people who are looking to change mortgage products soon, what would your advice to them be? are we going to see some decent deals coming to see some decent deals coming to friends to market? i've got friends who've waiting buy for

who've been waiting to buy for ages. terrified ages. they're just too terrified of rates . of the rates. >> know it's a common >> i know it's a common complaint. you know, people just don't know which end is up at the moment. the good news is that even before this announcement today , we have seen announcement today, we have seen some reductions in fixed rates , some reductions in fixed rates, which is great news. and actually swap rates are continuing their downward trajectory, which means that the fixed rate market is more competitive and that is another push, bringing them down. and since the news this lunchtime , since the news this lunchtime, i've had 2 or 3 lenders contact me to say great news. we're you know, reducing our fixed rates . know, reducing our fixed rates. and actually one lender is reducing them by nought point 3, which is a really good slice. so your friends. yes, it's probably a good time to really start looking great and do enough people know in your experience the fact that there there is help in terms of making those repayments if they're in trouble

. yeah i don't know i don't know how well the mortgage charter has been publicised and it got a lot of press when it was announced, but i think the reality is that people are still sitting on their hands , is sitting on their hands, is thinking it's not going to happen. i mean, the average person is six, six weeks at least when they're in big trouble before they actually reach out for help. and once you get to that stage, you know, it's yeah, it can be more tricky to come out of it. i would say to come out of it. i would say to anybody, if you are in difficulty, please, please , difficulty, please, please, please contact lender if please contact your lender if you have an existing mortgage because they are there to help you, it's their duty obe under their regulation to help you. and there's lots of things that they can do with the mortgage charter, but also sometimes just someone to speak to, to say, you know , we're on side . do not know, we're on your side. do not worry . worry. >> yeah. and sally, you know what every market wants is stability . now, it does. look, stability. now, it does. look, we spoke to liam halligan

earlier. it does look now as hopefully we'll see some kind of plateau nato for a few periods. and that's what the market needs, isn't it? just a little bit of certainty. be less choppy water? >> yeah, i totally agree . it >> yeah, i totally agree. it would be lovely if we can take this this slight break and regroup , get our heads around regroup, get our heads around the situation as well. because as consumers, as people buying property, it's a terribly emotional time. and when you've got the added pressure of what are rates going to do, you know, can i afford it in let alone now in six months time, in two years time, what's going to be the situation? i think it gives people a little bit more confidence and confidence in the market that the market market means that the market will be stronger and it will just be better all round. i think. i think everybody needs it. we need some good news. >> we do. okay. sally mitchell, mortgage advisor and broker, thank you so much for talking to us here on the live desk . us here on the live desk. >> okay. so our next story now, rishi sunak has insisted the uk

can still meet climate targets despite it putting the brakes on net zero policies, saying he's taking pragmatic steps to help british families. the shadow chancellor, rachel reeves, argues the slowdown of net zero measures will be bad for british businesses. >> what i've heard over the last 24 hours from many business leaders who i speak to regularly , is that what they need to make investments to create jobs here investments to create jobs here in britain is certainty and stability . and the government stability. and the government has pulled the rug from under their feet. has pulled the rug from under theirfeet. i has pulled the rug from under their feet. i want britain to be their feet. i want britain to be the best place in the world to invest, to start and grow a business. but when the government flip flops and changes its mind, all the time, it's very difficult for businesses to make those investments and they'll look to the us and to other countries around the world are around the world who are supporting those industries of the often see the the future and often see the prospects there better than here at more ambitious for at home. i'm more ambitious for britain. i want those jobs and i want that investment here in britain. okay >> we can now cross to westminster and speak to our

political correspondent, olivia utley. hello to you again, utley. so hello to you again, olivia. some good news in the polling. poll for rishi polling. an early poll for rishi shows that 50% of people support his u—turn on the petrol car ban versus 34% against. and a key democrat , nick levers, the democrat, nick levers, the working classes. conservatives pensioners, northerners , those pensioners, northerners, those who live in rural areas are highly supportive of this measure. those are the people, olivia, that decided the last general election . general election. >> well, absolutely. and it does. the early signs are looking pretty good for rishi sunak. this was a green gamble because looking at the polls over the last year or so, it's been really hard to know exactly where the public does stand on net zero when they're polled on the issue outright. it seems very much as though the vast majority of the public want to go hard and fast on lessening britain's climate emissions. but when push comes to shove, as we saw in the uxbridge election and

people begin to realise that net zero policies might affect the money in their wallets, then we see a slightly different picture. so it's really hard for pollsters and for politicians to know exactly what the public thinks about this. rishi sunak took a gamble. he moved back a bit. he moved back some of those interim targets. the overall net zero goal, remember, is to reach zero goal, remember, is to reach zero emissions by 2050. and these interim targets were put in place to try and achieve that goal in place to try and achieve that goal. he shifted back some of those targets. and it does seem to be bearing fruit at least in those northern regions that you're talking about. what i'm finding quite interesting, some developments this afternoon is the of whether rishi the question of whether rishi sunak made this decision purely for political gain . was it, as for political gain. was it, as some of his detractors have , some of his detractors have, suggesting that he simply looked at the polls and thought, hey, the conservatives to a the conservatives need to find a dividing line with labour as quickly net zero is quickly as possible? net zero is an easy route to go. well i'm sure there was an element of that , but sure there was an element of that, but there's a times report out suggesting out this afternoon suggesting that rishi sunak was

that actually rishi sunak was was pretty keen on on watering down, if you like, those net zero targets back in 2021 when he was chancellor, he wrote a letter to his cabinet colleagues saying that he thought that britain was moving too hard and too fast and that the cost for ordinary families up and down the country would just too the country would be just too great, which is pretty much an exact echo of what he said yesterday. so i think the accusation that this is purely a matter political expediency matter of political expediency can't quite be stood up , but it can't quite be stood up, but it will be fascinating to see what happens as these as these polls start to develop and as public opinion around issue starts opinion around this issue starts to settle down. >> whichever side of the argument people are on, olivia for, this is actually for, maybe this is actually really good for news voters in the sense that there is now a clear dividing line between labour and the tories. >> yeah, i think that's a really, really interesting point because up until about three weeks ago it was quite difficult to pinpoint any particular area

of policy difference between labour and the conservatives . labour and the conservatives. now in the last ten days we're actually seeing quite a few areas where the two main parties diverge . last week keir starmer diverge. last week keir starmer came up with a came up with a labour plan unveiled , if you labour plan unveiled, if you like, the labour plan for migration action, which would involve a closer deal with the eu whereby britain takes in a quota of eu migrants in exchange for sending back some migrants who've crossed crossed the channel from the eu. he's also talked about perhaps taking up macron's offer of becoming an associate member of the eu, though he maintains that he does not want to rejoin the customs union or single market. well, rishi sunak has absolutely no interest in closer integration with europe, and now we have rishi sunak coming up with a new plan for energy, which keir starmer has refuted immediately . so i think you're right. wherever you stand on the issue, it's probably quite good news for voters for and democracy that we are now seeing some

difference between the two parties. yeah >> olivia utley thank you for that update. as ever. superb from westminster pip. i think you nailed it there. you know, people just want a choice. a clear choice if you're if you're for it, if you're against, that's fine. that's democracy . that's fine. that's democracy. but give us a choice and allow us to vote. >> i think i think it's been very helpful for everybody actually. >> yeah, i agree . >> yeah, i agree. >> yeah, i agree. >> okay. let's talk another very contentious issue, speed limits. yeah, speed limit. >> speed in wales with fighting over this one because it gets us going is broken record odds for the biggest petition ever to be submitted to the senate. >> more than 340,000 people >> yes. more than 340,000 people are for the 20 mile per are calling for the 20 mile per hour limit on residential roads to be revoked. >> wales first minister mark drakeford has rejected calls to scrap the limits after the country became the first in the uk to drop it from 30% to 20 for restricted roads . restricted roads. >> but what is drawing people to sign the petition? well, let's speak to mark jones, who's in keir mather luanshya. good afternoon to you, mark. are you

one of the people that signed the petition and why ? the petition and why? >> yeah, i signed the petition and good afternoon. thank you for having me on the show. i signed the petition because basically the 20 mile an hour thing just doesn't work. um, so , so i signed it when it was about 14,000. in um, and basically we, it's affected my business. i got hit by a car about four years ago and i got hit at 30 mile an hour. but it's affecting my business and obviously it's affected me, but i honestly think that 20 better than the 30, a 30 better than 20. sorry >> and people in favour of this limit, of course, would say that it's about road safety, it's about cutting pollution . but about cutting pollution. but actually an rac report from november said that 20 mile limits have very little impact on safety and journeys are taking longer , aren't they, taking longer, aren't they, because you're having to go

slower to do the same distance. and surely that means more pollution ? pollution? >> well, i have to go from zelenskyy to ammanford then to cardiff on deliveries . cardiff on deliveries. >> and basically it's about an hour and a half more now. and um , but you know, my engine was running an awful lot longer and obviously, you know, you're putting more strain on the engine, the gearbox , the clutch, engine, the gearbox, the clutch, everything and everybody starting to pull out in front of you because they know you're going slower than normal. so they're taking they're taking a risk. >> but then you're always watching every day. you're watching every day. you're watching everything at the minute and be extra , extra minute and be extra, extra careful. but it's the time where it's the engine running for a lot longer where i can't see how that's to going save lives because there's more pollution in the air. >> and mark, when these limits have been brought in in a much smaller local areas in london, i talked to drivers all the time who were getting nicked. they're getting flashed , they're getting getting flashed, they're getting

tickets. how many people in wales have you spoken to in your game who are just getting nicked and tickets? and is that and getting tickets? and is that do people to do you think, getting people to be resentful about what be really resentful about what they the they think isn't about the environment? simply about environment? it's simply about taxation , be honest . taxation, to be honest. >> through covid, the camera vans are out to come and get us, and i was working through covid, so they were after the first response or back liners or whatever , it was only us on the whatever, it was only us on the roads and i've been doing for the homeless and what have you. and it was camera vans out all over the place just trying to pounce on us. it just seems to be about money, power and control. i don't think they care about us, be honest. and when about us, to be honest. and when we because we pay taxes because there's holes over the roads, they holes all over the roads, they don't listen. they don't care about feel what we about what we feel or what we think. now it's affecting think. but now it's affecting businesses a lot more. if you know what. >> martin martin has some statistics there and i'm sure me, somebody else could find out some contrasting statistics . i some contrasting statistics. i think it's rospa that say a fatal accident is 5.5 times more

likely at speeds over 30 to 40mph. so, i mean , there are 40mph. so, i mean, there are lots of differing statistics out there. but do you accept that if you were somebody who had lost a relative or a friend in a road traffic accident in a 30 mile per hour zone, then your view on this might be slightly different? >> no, i got hit by a car four years ago. my case is still ongoing and i got hit to 30 and i went over the car and basically if the car hit me at 20, i would have hit the window or have had a lot more damage. so i'm in favour of the 30 mile an hour zone, the 20 and i'm four years in and my case is enclosed . enclosed. >> okay. mark jones in carmarthenshire, really appreciate your thoughts this afternoon. thanks for talking to us. something else that gets people going or has got you going during this show today at least is taking your children on houday least is taking your children on holiday during term time. something that martin daubney has openly admits to. plenty of

reaction . reaction. >> yeah, yeah, yeah. >> yeah, yeah, yeah. >> let's see from michael, who says we have taken our three children and four grandchildren out of school in term time. oh, very naughty . to go on holiday. very naughty. to go on holiday. to holiday parks over the last 27 years. it's saved us between and you did allude to this 1000 hundred and £2,500 on each houday hundred and £2,500 on each holiday and none of the children suffered educationally . suffered educationally. >> it's not just about the savings. it's about the availability. and also, as the report said, breaking that contract. covid, we became the teachers. where were they when we needed amanda says this we needed them? amanda says this as whose parents always as someone whose parents always took school cheap took me out of school for cheap holidays, how disruptive holidays, i know how disruptive it . i would do well it is. i would always do well until i lost two weeks education and then i could not catch up and then i could not catch up and up. you are stealing and give up. you are stealing from future . that's from your child's future. that's me told. >> and ian says when this issue is nobody ever mentions is raised, nobody ever mentions michael gove criminalising parents for saving money. when he was the minister in charge of the debate needs to ask why michael gove didn't instruct the

houday michael gove didn't instruct the holiday and travel industry to make holidays affordable during school instead of school holidays instead of increasing the prices as well. >> that certainly got them going and somebody else who's going to get going is patrick get them going is patrick christys, who's just stepped into studio. on into the studio. so what's on your menu, captain? >> well, we are still tackling this stuff, so this net zero stuff, so i'm asking not asking whether or not politicians should actually practise what they preach. so if you don't have a heat pump or you don't have a heat pump or you don't have an electric vehicle, you a hypocrite? vehicle, are you a hypocrite? basically it one rule for them? >> they're waiting for the pnces >> they're waiting for the pn(they >> they're waiting for the pri(they they're waiting for >> they say they're waiting for the prices to come down. but does that not show why need does that not show why we need to of all? to delay the rollout of it all? i to going be i suppose i'm also to going be talking whether not talking about whether or not this now working this is now a working class versus a kind of metropolitan class issue the class issue over the environment. was environment. zac goldsmith was chirping this chirping up earlier on. is this just people who can to just people who can afford to make these changes and make all of these changes and therefore, i don't necessarily understand of understand the true impact of them. to be them. i'm also going to be talking a little bit about how long should it okay to detain long should it be okay to detain asylum and what's asylum seekers for and what's going on in italy? and in light of, fact that we're of, frankly, the fact that we're running space here running out of space here as well. all that going

well. so what's all that going to mean? >> it's costing £8 million a >> and it's costing £8 million a day in hotels. exactly >> are ethics of all >> so what are the ethics of all of this? and what's cost of of this? and what's the cost of it well? so there's quite it all as well? so there's quite a lot agenda today when a lot on the agenda today when it to all of that stuff. it comes to all of that stuff. and murdoch well. and rupert murdoch as well. the latest will latest on that will be interesting across interesting ripple effect across all media. yeah, all of the media. so yeah, there's a lot happening. >> and i've got a pet >> yeah. and i've got a pet theory that i think is theory that i think net zero is just be the new just shaping up to be the new brexit seen, like where brexit we've seen, like where this it's this has landed. well it's landed with landed well in the north with working class voters, with leavers, with conservative, with pensioners, with in rural pensioners, with those in rural areas, divide pensioners, with those in rural are(tory divide pensioners, with those in rural are(tory party. divide pensioners, with those in rural are(tory party. it's divide pensioners, with those in rural are(tory party. it's at vide the tory party. it's like at least voters clearer least voters have a clearer choice what each party choice now as to what each party is for . is standing for. >> exactly. and he was actually the that can the first leader that i can really to come out and really think of to come out and say, look, do to say, right, look, we do need to do about the climate, but do a bit about the climate, but not bankrupt ourselves. okay? not to bankrupt ourselves. okay? >> patrick, you >> patrick, see you very shortly. seem very shortly. or all seem very shortly. or all seem very shortly. it from us on shortly. that's it from us on the we're back the live desk. we're back tomorrow. that warm tomorrow. bye bye. that warm feeling inside from boxt boilers proud sponsors of weather on gb news. >> hello , i'm alex burkill.

>> hello, i'm alex burkill. >> hello, i'm alex burkill. >> here's your latest gb news weather update. we have further showers to come as we go through the next few days and these do bnng the next few days and these do bring of some thunder, bring the risk of some thunder, but we're also going to have some nights. some chillier nights. at the moment under the moment we are heavily under the influence pressure influence of low pressure sitting the of sitting just to the north of the uk. this bringing the uk. this is bringing the blustery weather showery blustery weather and showery with front, with this occluded front, bringing of the bringing the focus of the showers across parts of scotland and northern as we go and northern ireland as we go through day, some through the end of the day, some of could quite heavy. of these could be quite heavy. also some heavy, intense downpours across downpours developing across parts the english channel. parts of the english channel. and could reach some and these could reach some coastal parts in the south—east across central eastern across more central eastern parts of england. we're going to have some clear skies. could turn chilly and some turn quite chilly here and some pockets fog are pockets of mist and fog are likely the likely as we go through the early friday. friday early hours of friday. friday day, then getting off to a bright start across many bright sunny start across many parts england, plenty of parts of england, but plenty of showers north—west showers across the north—west and parts of and and western parts of wales and a cloudier showery picture across parts of scotland and northern ireland. the cloud is going to bubble across england, so bubble up across england, so turning as go turning a bit cloudy as we go into the afternoon with a scattering of showers developing, notice developing, though, notice some

bright developing bright skies developing across parts and northern parts of scotland and northern ireland. temperatures be ireland. temperatures may be down or two compared to down a degree or two compared to today, around 18 today, with highs around 18 celsius. across celsius. staying windy across parts of orkney and shetland later friday. a ridge of high pressure will build in from the west, so that's going to quieten down weather somewhat, down our weather somewhat, taking night taking us into a chilly night friday night saturday. friday night into saturday. saturday then should be a saturday itself then should be a largely fine and bright, if not sunny day for some. but the rain returning for sunday by returning in time for sunday by by that warm feeling inside from boxt boilers proud sponsors of weather on

gb news way. >> it's 3 pm. is patrick christys. >> it's gb news. and we start with the net zero debacle that's taking place. is this just class warfare? i.e, if you're rich, do you think we should all crack on and hit our net zero targets? but frankly , if you are not but frankly, if you are not rich, are you quite happy with what rishi sunak has done? are the the party of the the tories now the party of the working ? in other news, working class? in other news, i'll discussing as well. i'll be discussing this as well. russell row is for russell brand. that row is for want of a better phrase, rumbling on should politicians be trying to get him cancelled because they are? is that an overstep ? and in this topic as overstep? and in this topic as well, we will be discussing britain potentially going back into eu lite or what will all of that really mean? would you be in favour of it, especially if we were in, for example , the we were in, for example, the single market, or did you leave votes leave