that's according to the institute for fiscal studies.ouseholds was behind the decline in inequality. more on this in a moment. north sea cod is officially back on the menu and can be eaten with a clear consicence. the fish has been considered under threat for more than a decade after stocks fell to 36,000 tonnes in 2006. but following industry measures to help regenerate the population, it has been declared sustainable again, by the fisheries body, marine stewardship council. it can now be sold with its "blue tick" label. the gap between living standards in rich and poor homes across the country has narrowed. that's according to a new report published today by the institute for fiscal studies. there have been sharp falls in income in the middle and top earning households which has helped close that gap. well, earlier we were joined byjonathan cribb, a senior research economist, at the institute for fiscal studies. here's what he had to say. so, since the recession, income equality across the income just abuse and has fallen and utterly d

according to the institute for fiscal studies, raising the cost of fees has given universities 25% more on the shoulders of individual students. they are graduating with the highest debt in the developed world. an average of around £50,000. with those coming from the poorest backgrounds graduating with the highest debts of around £57,000. the government has defended the tuition fee system as allowing students from any background to be able to afford to go to university. without any upfront costs for fees. this is a unique financial product, the government is making no money on this, it is making a substantial investment in it. and that is to enable more people to go to university, more people from disadvantaged backgrounds than ever before. you are 43% more likely to go to university if you are from a disadvantaged background today than in 2009—10. this has also become a political battle, with labour pursuing the youth vote with calls to completely scrap fees. but in the short—term, at least, higher education is going to mean higher costs. stay with us — at 5.45 we'll be talking to the

according to the institute for fiscal studies, raising the cost of fees has given universities 25% moren the shoulders of individual students. they are graduating with the highest debt in the developed world. an average of around £50,000. with those coming from the poorest backgrounds graduating with the highest debts of around £57,000. the government has defended the tuition fee system as allowing students from any background to be able to afford to go to university. without any upfront costs for fees. this is a unique financial product, the government is making no money on this, it is making a substantial investment in it. and that is to enable more people to go to university, more people from disadvantaged backgrounds than ever before. you are 43% more likely to go to university if you are from a disadvantaged background today than in 2009—10. this has also become a political battle, with labour pursuing the youth vote with calls to completely scrap fees. but in the short—term, at least, higher education is going to mean higher costs. our top story this lunchtime. the prime minister

the institute for fiscal studies has found students from the poorest backgrounds could leave universitynow for the sport. all about the tennis these days. it's day three of wimbledon and we're into the second round of the singles. defending champion andy murray faces a tricky test against the unpredictable dustin brown of germany. johanna konta is in action now, but there's already been a great win for a british player today — and katherine downes, who's at wimbledon, can tell us all about. it is turning into a right slog fest on centre court for—macro one. it is a replay for her from the final in nottingham a few weeks ago. last time it was a bit of a shock for johanna konta. let's go live to the pictures there now. she took the first set on a tie—break. but she is a breakdown in the second set against vekic, she started off with against vekic, she started off with a tour winnerjust the age of 17. she is 21 now. she must have taken a lot of confidence from that win against konta in nottingham. a massive win for a british player first of all this morning. heather watson. a great perform

and poor households in the uk has narrowed, according to a new report published by the institute for fiscal studiesstudies. jonathan, good to see you. so, the gap between the richest and poorest has studied. bat narrowed. some people would see that as good, but you want the reverse to happen to you not? since the recession inequality across the income spectrum has broadened. bat narrowed. those increases have not been fully reversed. higher employment has been a good news story that has boosted the incomes of low income people, but the bad news is, as you say, lower earnings from employment have really suppressed the incomes of high—income people. suppressed the incomes of high-income people. that's something we often talk about, the slow growth in average wages. 0ne we often talk about, the slow growth in average wages. one of the other point i found interesting from the report was the fact that in london, in particular, inequality seems to have dropped. why is that? the decline in inequality in london since about 2009 is really quite dramatic. the ratio between the incomes of a relatively affluen

that's according to comprehensive analysis from the institute for fiscal studies.me students. j simpson, just arrived. 24. graduated from the university of east london in 2014 with £28,000 debt. in salford is luke dicks, 21, second—year physics student at manchester uni. in birmingham we have a former cambridge graduate, vice president of the national stu d e nts vice president of the national students union. jade menu left uni in 2014, how much debt have you got? roughly 20 8000. what about yourself? about 30,000, although i don't like thinking about it. what will yours be? i should imagine about 50 5000. how do you deal with the £28,000 debt? mentally i put it to one side. in terms of my salary, that coming out, that is where it is quite a lot of money where i could be saving for a house. do you mind me asking what you pay back each month? roughly about £58. not for hire, but with travel and rent in london, it is quite a lot taken to my salary. that is what you spent on education? i definitely think it is worth it. in terms, i'm glad i did not come in at the high

according to the institute for fiscal studies, raising the cost of these has given universities 25% morehe cost has been put on the shoulders of individual students. they are graduating with the highest debt in the developed world. an average of around £50,000. with those coming from the poorest backgrounds graduating with the highest debts of around £57,000. the government has defended the tuition fee system as allowing students from any background to be able to afford to go to university. without any upfront costs for fees. this is a unique financial products, the government is making no money on this, it is making a substantial investment in it. and that is to enable more people to go to university, more people from disadvantaged backgrounds than ever before. you are 43% more likely to go to university if you are from a disadvantaged background today than in 2009—10. this has also become a political battle, with labour pursuing the youth vote with calls to completely scrap fees. but in the short—term, at least, higher education is going to mean higher costs. the headlines on bbc news:

speaker, not only has the institute for fiscal studies said we have the lowest income gaps for a decade, but the national statistics also said that britain has some of the lowest levels of persistent poverty in all of europe. does my right honorable friend agree it is right that this country is governed by the true facts and not the fake news, and that this government is committed to building a strong economy for all? >> well, can i -- can i start by welcoming my honorable friend to her place in this chamber. can i say she is absolutely right. we owe it to our constituents, we owe it to the public that we actually ensure that when we debate these issues, we debate them on the basis of the facts and not on the sort of basis of the sort of fake news we hear all too often being put forward in this chamber. >> finally, jack dramey. >> mr. speaker, late night children's center is a life line for often struggling kids and their parents in one of the poorest wards in britain, giving them the best possible start in life. yet lake side and 26 children's centers now face closure in birmingham. do

the institute for fiscal studies has found students from the poorest backgrounds could leave universityith debts of nearly £60,000. it's as a result of interest rates on the loans which now stand at over 6%. in a moment, it will be time for sportsday, but first, a look at what else is coming up this evening on bbc news. we'll be asking a family doctor if vital nhs operations and treatments are rationed in england. as the swedish car—maker volvo announces plans to go electric, we'll be asking if this could be the end of the road for petrol and diesel vehicles. we'll be finding out how two giant pandas — the latest attraction at berlin zoo — could help to forge closer ties between germany and china. that's all ahead on bbc news. now on bbc news, it's time for sportsday. hello, and welcome to wimbledon sportsday. i'm katherine downes. a blistering day at the all—england club, but andy murray keeps his cool on centre court to see off dustin brown in straight sets. a roar of relief from johanna konta, as she comes through a three—hour battle on centre court. and she has company in the third

s actually vindicates tourism me not corban not only has the institute for fiscal studies said that we have to lower. yes income gaps for decades but the office of not small statistics is also said that britain has some of the lowest levels of persistent poverty in all of europe but how does that square with this from goldman then i don't get it from sarah who wrote to me this week about her sister in law who is a nurse and i quote she has sacrificed her health for the caring of all those she's how to pay freeze for the last five years only her dedication and passion for her vocation keeps it going why is this happening what is the problem going to say to sarah and those others working in our n.h.s. to raise it may not only said things were getting better in britain she later even used the release of salaries at the state mandated b.b.c. to justify heard about chanceless remarks that public sector pay was in good shape as we've seen in the figures that have been released today there are some people working in the public sector who were very well paid the pm there appeared to be compari

the leading economic research group, the institute for fiscal studies, says that inequality in the uksays the gap between the richest and poorest households has narrowed, with the most noticeable change in london. the group also found wide regional variations in average incomes. the main reason in recent years of narrowing inequality is due to the falling earnings, as well as some increases in benefits. those falling earnings are not a good thing. although there have been increases in earnings for lower paid people. and part of that is a result of the national living wage, which has increased essentially the minimum wage for people aged 25 and over. so that is pushing up earnings at least at the moment for low—paid people. detailed maps of the ocean floor taken during the search for the missing malaysia airlines flight mh370 have been released in australia. the plane vanished three years ago en route to beijing from kuala lumpur, with 239 people on board. although the plane has never been found and the indian ocean search ended in january, it's thought the images could help, as they s

we have and the answer to go to fund the iss on institute for fiscal studies.ay it back out in benefits, pensions and taxes and welfare benefits and so on, but the second biggest thing we do is pay public servants — the doctors and teachers and nurses and soldiers and policemen and so on. and £180 billion a year extra 1% on that costs quite a lot, knocking on for an extra 2 billion every time you increase it by 1%. so actually, up until now, that restraint has been quite important. and if you lift the restraint, going forward, it will make overall fiscal policy more difficult. so roughly £1.8 billion a year every time you want to increase by another 1%. that is why as we saw with vicki's report from westminster, where having a political the debate. do you want to raise taxes, introduced a word we all hate, efficiencies, and spending off workers like it if you want to increase public sector pay, you have to find the money from somewhere. chris morris from bbc reality check, thank you. in a moment, a summary of the business news this hour, but first, the headline

now a new study from the respected institute for fiscal studies has revealed the extent of that debt.l never clear it. however, the government says that those from poorer backgrounds are now going to university at a record rate — up 43% since 2009. here‘s our education editor bra nwen jeffreys. a sunny afternoon on campus, but in the background, the pressure of debt. many students want tuition fees scrapped. i was the first year to experience the 9k debts. it means that many students will leave higher education with a lifetime of debt that they will never be able to pay back. people i know have struggled to work and to continue with their coursework. some of them have even been forced to drop out. we don'tjust need engineers, linguists, computer programmers and medics to run a society. we also need people who generate culture, people who think about society, imagine the new societies that we're going to build. student debt in england is rising. here‘s why. .. £9,000 a year tuition fees, 6.1% interest from september; a threshold frozen at £21,000 in earnings to start to repay, with up

that's according to a report by the institute for fiscal studies, which also indicates that studentsed the new 6.1% interest rates on student loans as "very high". the department of education declined to comment. the rationing of nhs treatments such as hip, knee and cataract operations, as well as mental health services, has increased significantly in england over the past four years according to a study published in the british medicaljournal. growing financial pressure and increased demand for services has led some areas to withdraw funding for some procedures, leading to what doctors describe as a growing postcode lottery. it was party time in the usa yesterday, as america celebrated the fourth of july. lots of firework displays, flags and the annual hot—dog eating contest in comey island. that fellow is the defending champion, joey chestnut, who won his tenth title by downing 72 frankfurters in ten minutes! straight down the hatch! that's disgusting. that's disgusting. that's not just that's disgusting. that's notjust the meat, it is the bread as well. you would not want to trave

the report, by the independent institute for fiscal studies, says most graduates will still be payingans into their fifties and three—quarters will never clear the debt. the government says those from poorer backgrounds are now going to university at a record rate — up 43% since 2009. with me is jack britton, co—author of the report and a researcher at the institute for fiscal studies. tell me about more about the report. this outlines the broadstone e in the past few years. the student debt went up because of the increase in student loans, but government funding went home, meaning graduates are now picking up a larger slice of that bill. 77% of are now picking up a larger slice of that bill. 7796 of graduates will end up that bill. 7796 of graduates will end up not repaying. it means people will be rekeying into the early 50s, 50 yea rs will be rekeying into the early 50s, 50 years afterfinishing will be rekeying into the early 50s, 50 years after finishing university. this is being looked at closely by politicians. it has always been a big political issue, but in the recent election

will not get any better for a while, according to the institute for fiscal studies. they say the world household income is set to remain depressed due to less potential for stronger employment growth and cuts to working benefits. greece's much-anticipated return to the bond market this week has been held off, partly due to a feelinceiling set on the amountf debt the country can hold. the debt ceiling is included. the imf is expected to discuss a new credit line for grief tomorrow. -- for greece tomorrow. the messaging service has been partially blocked in china. users have reported experiencing intermittent outages, as well as audio clips not being delivered. according to a person familiar, whatsapp is not responsible for the outage. the company declined to comment. global news 24 hours a day, powered by 2700 journalists and analysts in more than 120 countries around the world. i'm taylor riggs. this is bloomberg. francine? francine: thank you. we also get policy decisions from two of the world's most crucial central banks tomorrow, but they are heading in opposite di

now a new study from the respected institute for fiscal studies has revealed the extent of that debt.from poorer backgrounds are now going to university. at a record rate — up a3% since 2009. here's our education editor, bra nwen jeffreys. a sunny afternoon on campus, but in the background, the pressure of debt. many students want tuition fees scrapped. i was the first year to experience the 9k debts. it means that many students will leave higher education with a lifetime of debt that they will never be able to pay back. people i know have struggled to work and to continue with their coursework. some of them have even been forced to drop out. we don'tjust need engineers, linguists, computer programmers and medics to run a society. we also need people who generate culture, people who think about society, imagine the new societies that we're going to build. student debt in england is rising. here's why. .. £9,000 a year tuition fees, 6.1% interest from september — a threshold frozen at £21,000 in earnings to start to repay, with up to £57,000 in total debt for poorer students. they now

. —— the institute for fiscal studies.abbed. —— scrapped. next journey to leave my january the government will ban businesses from charging people who pay with card. james isjoining charging people who pay with card. james is joining us charging people who pay with card. james isjoining us to charging people who pay with card. james is joining us to speak about this. it does seem a bit unfair, doesn't it, charging extra? yes, i could never see any good reason why we we re could never see any good reason why we were getting charged for peeing but unfortunately it was something that became more and more prevalent particularly in the airline and travel industry —— i could never see any good reason why we were getting charged more for paying. thankfully all this will be put an end to next year, and not a moment too soon. good news for consumers but how does it affect businesses? for smaller businesses it will be a harder. some of the banks hit them quite hard with fees of two or 3%, but of course they will have to put that pre

the leading economic research group the institute for fiscal studies says the gap between the richesthouseholds has narrowed with the most noticeable change in london. it said one of the reasons for the change was a fall in earnings during the global financial crisis which started in 2007 and has remained steady since. schools need a more coherent strategy for what to do in the case ofa strategy for what to do in the case of a dangerous event taking place on their premises according to the teaching union the nasuwt, it says schools have ad hoc drills to deal with threats and wants a come prehence himself plan for so—called lockdown procedures. the government says it constantly reviews the guidance it issues. businesses will be banned for charging fees on debit and credit card transactions from january. s the treasury says the fees cost consumers £473 million in 2010 alone. hundreds of thousands of mercedes—benz diesel vehicles in the uk are to be recalled to improve their emissions systems. daimler is under investigation for alleged emissions cheating. similar to that of volkswagen. a

i'm joined now by pauljohnson, die director of the institute for fiscal studies, and help critical iscosts quite a lot, knocking on for an extra 2 billion every time you increase it by 1%. until now, that restraint has been important and if you lift that restraint, it will make overall fiscal policy more difficult. we have heard from boris johnson and michael gove saying they do not believe that if you eased off on the pay cap, it would lead to fiscal pressures, in other words tax increases. as the chancellor got enough leeway to relax the pay restraint and forget about tax rises? it would result in fiscal pressure because increased borrowing isa pressure because increased borrowing is a kind of fiscal pressure. yes, the chancellor could decide to borrow more, whether this would be the first thing he would decide to borrow more to do, whether he wanted to reverse of the benefit cuts are increase spending elsewhere, i do not know, but he could borrow more partly because the fiscal target he set himself to get budget balance in the mid 20 20s, that could be ten yea rs the mid 20 20s, th

the institute for fiscal studies said it would cost around £6 billion to end the pay gap, saw an awfully all the —— actually all the signs are it is hard to see how the government can stand by it. we have had six cabinet ministers either publicly themselves or through sources saying basically they think the public sector pay cap should go. downing street meanwhile have been sending out rather conflicting messages. they certainly don't seem to be raining in any of these ministers, so when you put all that together it would seem to me, if you are in a pay review body, you're going to take the comments of the likes of borisjohnson, michael fallon and others as a green light to go above the i% pay cap, and bear in mind already last year when the teachers' pay review body reported, they said there should be a significant rise above the i% threshold. the nhs pay review body said they didn't think the i% threshold. the nhs pay review body said they didn't think the 1% cap was sustainable, so when they hear ministers saying, you know what, maybe public sector workers should have more, the chan

we in turn, were praised by the economist, by the institutional of fiscal studies, for basic economicut in my view, the world isn‘tjust about economics and making numbers add up. that is important, but actually i came into politics as a radical and a reformer and i want to put up the centre of what i do, addressing some of the inequalities that this figure british societies. and i think that can be done, i think it can be done because i think at heart the british public are humane, tolerant and i think we can appeal to that instinct. which is in very marked contrast to the icy indifference of this conservative government. i am ambitious for this country and i am ambitious for this country and i am ambitious for this country and i am ambitious for our party. in difficult times, we have shown enormous resilience. but i now believe we can fight our way back, breakthrough and make an enormous success of our party and eventually in government. thank you. applause studio—macro so the new liberal democrat leader, sir vince cable saying there was a need to prepare foran saying there was a nee

. >> not only has the institute of fiscal study said we had to lower income gaps for a decade but the office for national statistics, britain has the lowest levels of persistence, does my right honorable friend agree the country is governed by true facts and not the fake news and committed to building and strong economy? >> i welcome my honorable friend in this chamber and she is absolutely right. we owe it to our constituents and the public but we ensure that when we debate these issues we debate them on the basis of the facts and not the sort of fake news we hear all too often being put forward in this chamber. >> it is a lifeline for struggling kids and their parents in one of the poorest lots in britain giving them the best start in life. lakeside has 26 children centers that face closure in birmingham. does the prime minister understand the consequences of her actions, cuts to the city budget is having devastating impact on the provision of children centers. and to reverse these foreclosures, and a devastating impact on the chances of a whole generation of children. >> on the loc