and liam editor, liam halligan. aired the whole event today with a rather stellar panel and he joins me now . this panel and he joins me now. this liam, this morning was a coming together , i think of what we together, i think of what we call tory free marketeers. >> that's right liz truss has been much maligned. her mini—budget with kwasi kwarteng last september, as you remember , it led to a big spike in borrowing costs, what we call gilt yields , what the government gilt yields, what the government has to pay investors to lend the government last government money. last september, in response to her efforts to not raise taxes , to efforts to not raise taxes, to maybe spend a little bit less and so on. but the reality is, nigel, even though we've had sensible people in charge since then, the grown ups, the grown ups, rishi sunak, jeremy hunt and where interest rates now government borrowing costs are now significantly higher than they were at the height of the truss. kwarteng mini budget panic. and i think that real

let's get some more on this now with liam halligan , who this now with liam halligan, who is of coursegoing on here? >> house prices have come down a little bit, but they went up by a lot in the previous couple of years, so perhaps we're not better off. >> barry what about nigel? roger? alan when we need some alan's, this is going to interrupt every single interview we do for the next hour. until quite recently, liam was actually the most popular boys name, which is unbelievable. in 2018, it's name 2018, 2019. it's a good name because i was a kid there because when i was a kid there were hardly any liam's. i mean, there was liam brady. when he was arsenal, but. was playing for arsenal, but. liam but that liam gallagher yeah, but that was bit later. oh, right. was a bit later. oh, right. >> you saying, are you >> are you saying, are you saying older than liam gallagher. >> i'm about the same age and actually same actually we're from the same little hamlet in ireland. yeah, that's cullen between that's called cullen between town swinford county. well, town and swinford county. well, peop

well, clearly clearly it's the it's a matchsticks day for liam halligan . for liam halligan. >> well,. they don't pay me in matchsticks. >> well i'll let's see what the newspapers come up with overnight on this banking story. >> but it's been a good day , i >> but it's been a good day, i think, for me. i think we have got a proper national debate going about the banks. but before all of that, let's have a look at the all important weather, the temperatures rising , boxt solar proud sponsors of weather on . gb news. weather on. gb news. >> hello there. i'm jonathan vautrey here with your latest gb news weather forecast provided by the met office. we have seen a few showers around today. some of those on the heavier side. but increasingly into this evening, they will be easing out for many of us and actually many of us seeing some late evening sunshine with the showers persisting. for the longest, though, the far though, across the far north—east of scotland, particularly across shetland, where remain where it is going to remain rather overnight with a rather cloudy overnight with a bri

liam halligan with the story. >> don't kill cash.lenty of fans , including with plenty of fans, including this punk band from kent, which also makes playing taoiseach and games cpih piggy banks don't exist anymore cause they're so buned exist anymore cause they're so buried in the tom moore syllable is the russ crimewave band wrote this song they told me because so many shops have stopped taking cash. and that worries lots of gb news viewers include the elderly. >> the banks are shorted because lots of people are doing online. older people don't necessarily have that facility disastrous . have that facility disastrous. >> yeah, because if you play it on your card, you've got you've got to figure out what you're spending and if you're overspending, you can't pay your bills. >> go to certain countries around the world. you need cash. so i think it's something that yeah, you should it should always be a thing. but i think it could be an age thing since the pandemic, more and the covid pandemic, more and more and pubs only more shops, ca

well, clearly clearly it's the it's a matchsticks day for liam halligan . for liam halligan. >> well, don't pay me in matchsticks. >> well i'll let's see what the newspapers come up with overnight on this banking story. >> but it's been a good day , i >> but it's been a good day, i think, for me. i think we have got a proper national debate going about the banks. but before all of that, let's have a look at the all important weather, the temperatures rising , boxt solar proud sponsors of weather on . gb news. weather on. gb news. >> hello there. i'm jonathan vautrey here with your latest gb news weather forecast provided by the met office. we have seen a few showers around today. some of those on the heavier side. but increasingly into this evening, they will be easing out for many of us and actually many of us seeing some late evening sunshine with the showers persisting. for the longest, though, the far though, across the far north—east of scotland, particularly shetland, particularly across shetland, where to remain where it is going to remain rather with a rather cloudy overnight

liam halligan. what are they ? halligan. what are they? >> morning, eamonn.es are in, as they say in another form of television. look, this is actually quite a good number, 8.7% in may. in june, the consumer price index was 7.9% higher than it was in june 2022. you know, i was at a bit of a soiree at the treasury last night. it's the sort of thing i do and a very senior government member in the treasury told me that inflation would be around 8.2% at 7.9. look, it's still historically very high, but it's at the lower end of expectations. >> a percentage point, isn't it? >> a percentage point, isn't it? >> i don't think this is enough of a drop, though. i'm afraid to stop the bank of england raising interest rates the monetary interest rates when the monetary policy meets on policy committee next meets on the august. do think the 3rd of august. i do think interest are still going interest rates are still going to up. but we not seeing to go up. but are we not seeing the liam? the pain, liam? >> do we not get the message? do we know? money is expensive. we not k

who are act can( you later, >> i mean, liam halligan who are act can run you later, >> i mean, liam can run this by you later, >> i mean, liam halligan who are act can run this by him. .ater, >> i mean, liam halligan who are act can run this by him. but, >> i mean, liam halligan who are act can run this by him. but last we can run this by him. but last last spoke to him about last time i spoke to him about interest was interest rate rises, he was saying take 12 saying it can take up to 12 months to the effects . months to feel the effects. yeah, absolutely. >> not waiting. >> and we're not waiting. we're just we've just putting them up and we've had, in a row now? 11, i think it's 11 or something. >> like something like that. >> like something like that. >> mean, we haven't >> i mean, we haven't even allowed into the allowed these to settle into the economy see what i just get economy to see what i just get the impression someone somewhere economy to see what i just get thmaking;sion someone somewhere economy to see what i just get th making aon someone somewhere economy to see what

but inflation is coming liam halligan coming down.rming economics and business editor will be here to pick economic noise, pick through the economic noise, talk good about talk about some good news about big in britain as big investments in britain as well and us our well and compare us to our friends the continent. friends on the continent. patrick . gb news. patrick christie's. gb news. well, there we go . migrant barge well, there we go. migrant barge on the channel and whether or not you should have criminal responsibility raised to the age of 18. how old are you when you're old enough to know the difference essentially between right and wrong? those are the two things that i want to hear from you on in this hour. vaiews@gbnews.com. get the emails coming in now, though it's partly with your headlines as . patrick thank you. as. patrick thank you. >> good afternoon. the top story on gb news today the prime minister says no one should have their bank account closed for exercising their right to free speech. the matter was raised in

liam halligan, we love seeing you . you didn't we love seeing you. idn't give us a graphic another time. >> i'm toying with you. >> i'm toying with you. >> right. thanks, liam . okay, >> right. thanks, liam. okay, now, moving on. scotland will today mark the coronation of king charles iii with a ceremony at saint giles cathedral in edinburgh. >> he's going to be presented with the crown jewels of scotland proceedings scotland and the proceedings will sword because will include a new sword because the one is literally very the old one is literally very shaky , which to be named shaky, which is to be named after late queen elizabeth ii. >> so let's speak to gb news royal correspondent cameron walker, from walker, who joins us now from edinburgh . what's happening up edinburgh. what's happening up there morning , edinburgh. what's happening up there morning, cameron? there this morning, cameron? lucky being up in the fresh lucky you being up in the fresh air of edinburgh , fresh air and sunshine. >> bev, unlike yesterday , where >> bev, unlike yesterday,

but joined by liam but i'm now joined by liam halligan , the great expert on halligan, the great experttters and gb news business and economics editor. liam, this is good news. it's better than people were expecting. the one thing that worries me is inflation is a lagging indicator and it responds at an imprecise way , responds at an imprecise way, say to changes in interest rates . but an interest rate's gone up from 0.1% to 5. this is really whacked. family's incomes as mortgage rates have gradually fed through. could the bank of england have gone too far? i think they have gone too far, jacob. >> we've had 13 interest rate rises in a row. i've been calling for two, three months now for the bank of england to stop and let those interest rate rises take effect because as economists have proved over generations , monetary policy generations, monetary policy changes in interest rates work with long and variable lags. they take time to feed into the system , particularly when system, particularly when mortgage rates are fixed for lots of people . but look, this lots of people. but look, t

enough liam halligan.right? well you know where i am, right? still to come this morning, former brexit secretary david davis will be giving us his thoughts on the de—banking bill that he is now drawing up to prevent people from being condemned their political condemned due to their political thoughts. also known as the nigel farage effect. >> superb and this is britain's newsroom on gb news, the people's channel. >> the temperature's rising . >> the temperature's rising. boxt solar proud sponsors of weather on . gb news. weather on. gb news. >> hello there. good morning. i'm jonathan vautrey. who is your gb news? weather forecast provided by the met office. july has been a relatively wet and dull month for many of us, and there's not much from there's not much let up from that we enter the day that as we enter the final day of month itself , this area of the month itself, this area of the month itself, this area of is still of low pressure is still gradually pushing its way into us weather us with lingerin

joining me in the is liam the studio right now is liam halligan, and halligan, our economics and business, liam, so thicase literally just landed business editor. yes, liam, so thicase anybody just landed business editor. yes, liam, so thicase anybody couldn'tied business editor. yes, liam, so thicase anybody couldn't tell. in case anybody couldn't tell. and is an apology from the and this is an apology from the ceo of natwest farage. ceo of natwest to nigel farage. >> was >> well, we knew this was coming, quickly, the coming, but so quickly, the political pressure must have been intense for a major clearing bank with 19 million customers to literally , you customers to literally, you know, bash out an apology and spread it around the country's the world's media, because the world is watching this so quickly shows that the powers that be, if you like, write to the top of government, must have been furious at this. and i think this is so interesting. i was sitting here yesterday morning, shapps was coming was sitting here yesterday morninggrant shapps was coming was sitting here yesterday

well liam halligan is here to talk about what this might mean. liam just. just go.nking and economics , but actually, it's economics, but actually, it's a deeply political story and it's a kind of philosophical and constitutional story as well. so i was a treasury drinks party last night. i don't often ianed last night. i don't often invited to get invited to these treasury powwows. they don't invite don't like me very much, a bit of an there but a bit of an outlier there but i was there the chancellor was there, various senior there, various other senior ministers were there, journalists there. and this journalists were there. and this story was breaking and people were crowding me were sort of crowding around me asking me what was on as asking me what was going on as the telegraph was putting this asking me what was going on as the tyupgraph was putting this asking me what was going on as the tyup online/as putting this asking me what was going on as the tyup online because1g this asking me what was going on as the tyup online because nigel stuff up online because

let's get more analysis on from our economics and on this from our economics and business editor liam halliganot of people are thinking that the prime minister is being tremendously inconsiderate instant here and he wants to be a global climate leader. but how can do that when he's going can he do that when he's going to issuing these licences? to be issuing these licences? >> he might want to be >> because he might want to be a global climate leader, but he also wants to win the next general election. and it's clear that there are there are that there are while there are a lot people out there who lot of people out there who agree the net zero targets, agree with the net zero targets, 2050 on, there's also a 2050 and so on, there's also a lot people, a majority , lot of people, a majority, according who don't according to polls, who don't agree with net zero, 2050. if it starts really imposing on them and their households and the money that they have and it's clear that the price of net zero is going to be very, very high in financial terms. is going to be very, very high in financial terms .

let's speak to our business editor, liam halligan , who's been at liam halligan, who's been at that meeting we haven't got the growth, certainly that she had promised. and clearly we've got the inflation that they were saying perhaps wouldn't be quite as bad at that stage. lots of economic news around this morning. >> as you say, pip, the bank of england come with its england has come out with its latest financial stability report. in that report, it mentioned been saying mentioned what we've been saying for weeks, actually, that an average family is going to be paying average family is going to be paying a lot for its paying a lot more for its mortgage costs as they come out of those two and five year fixed rate deals. given that interest rates have gone up and the fact that interest rates have gone up and gilt yields have gone up, government borrowing costs have gone up, that's one reason why the minister liz the former prime minister liz truss, launched this growth truss, has launched this growth commission. on this morning she asked chair that press asked me to chair that press conferen

liam halligan . gb news. >> liam joins me now.aign is going gangbusters. >> patrick less than 48 hours old, 140,140 and of course we'll be going for 180 and then a quarter of a million. so will you back in for that one? see what i did there? harking back to my days as a darts fan . so to my days as a darts fan. so this is really interesting. i think we've really hit on something here. million us something here. 5 million of us rely on every day, rely on cash every day, 6 billion transactions every day. there are big, powerful interests. the banking sector for a lot of big retailers , a for a lot of big retailers, a lot of big tech companies , they lot of big tech companies, they want to monitor everything that we spend. they want do we spend. they want to do surveillance capitalism . there's surveillance capitalism. there's no without cash. there's no privacy without cash. there's no privacy without cash. there's no a tenner in your birthday, in your kids birthday card. there's no, you know, £20 in your grand, in your granddaughte

finances . finances. >> joining us to share more on this is our economics and business editor liam halligan then? what does what does jenny in birmingham need to know? >> well, jenny in birmingham needs to know that on balance , needs to know that on balance, there's some pretty good economic news out this morning from various sources . let's just from various sources. let's just have a quick run through it. you mentioned retail sales first, and was a very hot june and and it was a very hot june and so the ons, the office for national statistics, was able to report that retail sales volumes were up 0.7% in june. on may, the month before that was largely because of food purchases linked to that hot weather. people having barbecues and so on. but, but, but as always with statistics, you have to look a bit closer because those june numbers are actually down on june 20th, 22, 1% lower. not a huge amount, but it does sort of show the general trend. sectary of the economy , we have sectary of the economy, we have had a bounce back in food sales. as i say , and that's one reason as i say, and that

, um, what's with liam halligan, um, what's it called again?th voices of reason throughout the pandemic and you spent so many episodes talking about impact, the talking about the impact, the needless impact on children of covid measures and lockdowns . covid measures and lockdowns. another worrying headline before we get to the mail. china has penetrated all parts of the uk economy . mps warn the daily penetrated all parts of the uk economy. mps warn the daily mail now will doctors now end their callous strikes and bbc were already investigating huw edwards before for the story broke . okay, those are your broke. okay, those are your front pages now let's cover some big stories of the day with my superstar panel, the aforementioned daily telegraph columnist allison pearson , columnist allison pearson, conservative peer in waiting. shaun bailey, and brand new to dan wootton tonight, social commentator joanna jarjue. dan wootton tonight, social commentatorjoanna jarjue. now commentator joanna jarjue. now superwoman suella braverman has pred super

why gb news says don't kill our cash and would urge you to sign our petition at gb news uk cash liam halliganexcept that address, that liam just gave you. yeah cbnnews.com slash cash . cbnnews.com slash slash cash. cbnnews.com slash cash. and you can sign the petition there. >> don't kill cash. stay with us. we're going to have more on the home secretary's calls for more robust action to be taken against eco protesters after two disruptions at wimbledon . the home secretary backs calls to use force against eco protesters after just stop oil, disrupt wimbledon twice in two hours. >> good morning . it's 801 on >> good morning. it's 801 on thursday, the 6th of july. this is breakfast on gb news with eamonn holmes and isabel webster leading our news on this thursday morning. >> the home secretary has condemned what she calls the selfish behaviour of eco activists. just after after three. just stop. oil members were arrested for disrupting wimbledon . wimbledon. >> my comments came after she chaired a meeting of sports bosses and police chiefs over how to deal with the demonstrations. the policing

, um, what's with liam halligan, um, what's it called again? voices of reason throughout the pandemic and you spent so many episodes talking about impact, the talking about the impact, the needless impact on children of covid measures and lockdowns . covid measures and lockdowns. another worrying headline before we get to the mail. china has penetrated all parts of the uk economy . mps warn the daily penetrated all parts of the uk economy. mps warn the daily mail now will doctors now end their callous strikes and bbc were already investigating huw edwards before for the story broke . okay, those are your broke. okay, those are your front pages now let's cover some big stories of the day with my superstar panel, the aforementioned daily telegraph columnist allison pearson , columnist allison pearson, conservative peer in waiting. shaun bailey, and brand new to dan wootton tonight, social commentator joanna jarjue. dan wootton tonight, social commentatorjoanna jarjue. now commentator joanna jarjue. now superwoman suella braverman has pred superwo

liam halligan was there with her this afternoon. and liam, you joined me now.y points you brought out of the present session today? >> well, former prime minister liz truss has been keeping an assiduously low profile since last september's mini—budget, which of course saw the financial markets react badly to her proposals. then chancellor kwasi kwartengs proposals to freeze taxation rather than raise taxation to try and get their arms around spending and make the state a little smaller. but what she's done now, she's convened a growth commission, a dozen or so . so pretty high dozen or so. so pretty high profile international economists from the uk , us, japan, india from the uk, us, japan, india and latin america as well . and and latin america as well. and she was at the launch of this growth commission this morning. she didn't say much. she let the economists on the stage do the talking. but what they're trying to do, they're trying to reconvene mean and the ideas that traditionally associated with the tory centre right high growth, low taxation and supply s

liam halligan because he's because the government are talking about great today. the government aree today. the government are talking about gre there is today. the government are talking about gre there is there today. the government are talking about gre there is there he ay. the government are talking about gre there is there he is. >> there he is there he is. well, so you're at the science museum in london this morning. liam about nuclear liam to talk about nuclear energy. who are you to ? talking energy. who are you to? talking >> i am indeed at the science museum, bev. i don't think i've been here since i was a cub in my little shorts and my cap. i wish i was wearing them today because it's pretty hot and humid down here. i am in museum land in kensington in land in south kensington in central london, and pretty soon the energy secretary grant shapps arriving here, shapps will be arriving here, giving what he is billing the department of billing as a major speech on nuclear energy . he's speech on nuclear energy. he's going to announce the launch of great nuclear, a new great

liam halligan.ing news story that seven children and two adults have been hurt after a land rover crashed into a building at a girls prep school. the study prep school in camp roadin the study prep school in camp road in wimbledon on the last day of term, this is the latest from the scene . the school, we from the scene. the school, we understand, is at the bottom of that narrow street that this incident happened just before 10:00 this morning where a gold coloured land rover, we understand , had crashed into an understand, had crashed into an exterior building of the school . and it's believed that there were children outside at the time. enjoy enjoying a little tea party on that last day of term met police saying their officers remaining at the scene. >> you can see the police cordon there. lots of camera crews starting to gather there. so we don't know if there's going to be a news conference to update. but that met police saying nine people injured , people reported injured, including and seven

well, let's speak to our economics and business editor liam halligan about all this with on the moneyl tripled some things. yeah. i'll show you the numbers. it's a big week for inflation. we've got the official ons inflation number for june coming out on wednesday. will be reporting it from 7 am. on wednesday. that will absolutely set the tone for what the bank of does in early august. of england does in early august. >> and prime minister rishi sunak now sunak acknowledging now inflation not coming as inflation not coming down as quickly wanted. inflation not coming down as quinhether wanted. inflation not coming down as quinhether want> whether or not we get an interest rate rise, another interest rate rise, another interest rise at interest rate rise at the moment, financial markets think we're going get another we're going to get another hefty interest rate rise. but let's just at these which just have a look at these which numbers, which of course not numbers, which of course are not official numbers, very official numbers, but are very highly you rightly highly regar

let's get the latest now with our economics and business editor liam halligan with on the money . and we're going to see the same next month with with fall. >> it certainly looks that way, pip. you know, one person's house price fall is another person's increased chances of actually managing to buy a home. so many youngsters finding it so difficult to get on the housing laddeh difficult to get on the housing ladder. so this is a double edged just have edged sword. let's just have another quick look at the numbers. so house prices did fall 2.6% in june compared to june 20th, 22. that is the biggest fall since 2011. and it's the third successive fall monthly fall. to your question pips, monthly fall. to your question pips, there's certainly a downward momentum in the typical uk home now costs. downward momentum in the typical uk home now costs . 280 £285,932 uk home now costs. 280 £285,932 and the average two year fixed rate mortgage is soaring. it's now 6.54. and almost weekly. the mortgage lenders are giving rates to brokers that they can sell to punters and then they're having to

here's our economics and business editor liam halligan with on the . perception wasn't there, that jeremy hunt the adults were in the room now and that everything would be nice and sensible the room now and that everything wou potentiallyind sensible the room now and that everything wou potentially jeremy sensible the room now and that everything wou potentially jeremy from )le and potentially jeremy from accounts was a great thing. and actually it's not been great, has it? well after that, liz truss, kwasi kwarteng mini—budget back in september , mini—budget back in september, people started hearing about these things called gilts markets. >> oh my god, what are they? well, that's where the government borrows and our government's borrowing ten, £20 billion a month. so they're quite important to running the economy and after liz truss and kwasi kwarteng, you remember patrick, they tried to introduce tax cuts. they tried to spend a bit less. they tried to , in liz bit less. they tried to, in liz truss's words, the then prime minister be a bit more conser

let's get more with our economics and business editor liam halligan joining us here in the studio . joiningather than in spain . rather than in spain. >> well, car companies over many years have specialised in holding metaphorical guns to governments heads. we're not going to make this investment. we're not going to get let you get the political benefits of announcing lots of potential jobs as , as you say, pip, unless jobs as, as you say, pip, unless you sweeten the deal for us. tata of course , is a huge indian tata of course, is a huge indian conglomerate. it owns jaguar land rover, and it's managed to extract, we believe , the thick extract, we believe, the thick end of half £1 billion, £500 million from from from the british government. a huge amount of money in subsidies and other inducements. but there was lots politically on the line this gigafactory, so—called the factory where you make the batteries that go into electric vehicles could easily have gone to spain. at least that's what tata was telling the british government and of course, there's absolutely no link at all, mark, bet

thank thank liam halligan thank god for you. liam halligan there. and there.ore business editor write loads more to between now p.m. to come between now and 4 pm. we'll have details of an alarming that's revealed alarming report that's revealed that are. yes, that some people are. yes, pulled own teeth out pulled their own teeth out because too much to see because it costs too much to see a or they access a dentist or they can't access one but right now it is one as well. but right now it is your latest headlines with . rihanna >> patrick, thank you. good afternoon. it's 332. your top stories from the newsroom . and stories from the newsroom. and we start with some breaking news just in. former manchester city footballer benjamin mendy has been found not guilty of rape and attempted rape at chester crown court . the france crown court. the france international is accused of raping a 24 year old woman at his mansion in cheshire in october 2020. he was also charged with attempted rape of a 29 year old woman at his home two years earlier. mendy had denied both ch

more offers, he says, let's get the views on this now with gb news business and economics editor liam halliganthis into money. so let's put this into economic context then. liam, he says that these pay rises are not inflationary because there is no borrowing to fund them . is no borrowing to fund them. >> yeah, that's roughly what he's saying. i think that's a credible position. as long as various government departments can make the savings to deliver these public sector pay rises . these public sector pay rises. the government is clearly trying to draw a line under months and months and months of public sector strikes. i think it's a very significant that , he says very significant that, he says at least he's got the various teaching unions on board. june near doctors, other health unions have still to decide what they're going to do. and of course, we've got other sort of semi public sector strikes in the tube in london and national rail services . but i think in rail services. but i think in general, this is a good day for the government. if indeed the trade unions respond to it in a positi

so we're going to speak to our economics and business editor liam halligan i'm amazed liam halligan.idl aldi that point of lidl and aldi that they're their , they're cheap? that's their, that's their shtick, that's true. >> but the price rises are coming from a lower level in many cases. so they're often still a lot cheaper. they're certainly gaining a lot of market share off the likes of waitrose and tesco , though tesco waitrose and tesco, though tesco still have the most market share . look, this is a really big week for inflation, so we're kicking off today, monday with some unofficial figures , the some unofficial figures, the official inflation figures that are going to be watched very closely, not just but closely, not just here but around world they'll around the world because they'll determine of determine what the bank of england interest rates england does on interest rates when meets in the first week when it meets in the first week of august. come out on of august. they come out on wednesday. and wednesday is going they'll going to be a big day. they'll come seven, 7 am.

after an increase in april due to the extra bank holiday weekend. >> so liam halligan is here with usad this. we had adam head around this. we had adam brooks pub landlord, a guest of gb friendly gb news on the gb news friendly gb news on the show saying this show that day saying this weekend going great for weekend is going to be great for business. packed out. business. we're packed out. we've got tables booked. what happened? >> hospitality great >> well, hospitality has a great day a holiday. day on a bank holiday. hospitality titans hospitality even with titans like adam brooks involved and his pub empire down there in essex. nice , too. it's only essex. very nice, too. it's only a 10th of the economy. so if everyone work, then everyone else is off work, then the economy suffers. it's been a bit weird what's happening? look, a lot of the world's going into recession. the eurozone is into recession. the eurozone is in course, germany in recession. of course, germany , powerhouse , , europe's economic powerhouse, has contracted for two successive quarters now , that successive quar

with on the money or is— liam halligan with on the money or is h— liam halligan with on the money orll cash. ohvhoushy o— of transactions were still cash. obviously a lot— of transactions were still cash. obviously a lot of— of transactions were still cash. obviously a lot of is used cars hook— obviously a lot of is used cars hoeh m— obviously a lot of is used cars hoeh m 20h. — obviously a lot of is used cars back in 2012. last— obviously a lot of is used cars back in 2012. last year. obviously a lot of is used cars back in 2012. last year . these back in 2012. last year. these are numbers from _ back in 2012. last year. these are numbers from uk finance , a are numbers from uk finance, a hhohhy— are numbers from uk finance, a hhghhy regoroeo— are numbers from uk finance, a highly regarded industry body. were— highly regarded industry body. ove-re m— highly regarded industry body. we're now in 30% of transactions ohhy— we're now in 30% of transactions ohhy usmg— we're now in 30% of transactions ohhy usmo cosh— we're now in 30% of transactions ohhy usmo eosh hy— we're now in 30% of t

that's liam halligan there.business editor with all the stats, all the info. then stats, all the info. and then i think quite important think that quite important political rishi political roundup that rishi sunak aslef is right, of course trying to be things to all trying to be all things to all people. he's got to win a general election, hasn't he? we aren't going taking a very aren't going to be taking a very close course close look over the course of this and the coming this show and in the coming weeks and dare i say it, months as to how these things as well as to how these things can the time, can be true. at the same time, can be true. at the same time, can you hit net zero by 2050? can you stop the sale of new petrol cars by 2030 petrol and diesel cars by 2030 at time as the at the same time as being on the side of motorists and of course, drilling more oil and drilling for more new oil and gas? it off, it will gas? if he pulls it off, it will be in the sand be a clear line in the sand between him and ke

it's liam, thank it's liam halligan. liam, thank you the face of you very much.doesn't it? it, it looks bad, doesn't it? 0.1% it was predicted 0.1% shrinkage. it was predicted to dropped come on, to have dropped by 0.3. come on, talk through it. how bad is talk me through it. how bad is it and is the king to blame? >> the news is that we're >> the good news is that we're not in recession. patrick. a recession is two consecutive quarters. consecutive quarters. so two consecutive three a row three month periods in a row where the economy actually contracts . if you look from contracts. if you look from april , if you contracts. if you look from april, if you look at march, april, if you look at march, april and may, the economy is basically flatlined because in april it actually grew by 0.3, even though it's contracted a little bit in may on these latest numbers. so unlike the eurozone, unlike germany and europe's economic powerhouse , europe's economic powerhouse, the uk isn't yet in recession . the uk isn't yet in recession. my the uk isn't yet in recession. my c

let's latest let's get the latest now, economics editor economics and business editor liam halligan withobust, unexpected resilience, i think was the term that they used at this mansion house speech. but the consequences are it's stoking up inflation. we're in that kind of world where good news is bad news. >> you know, wages are up strongly and unemployment is historic . hinckley pretty low, historic. hinckley pretty low, albeit ever so slightly, up 4. crikey, remember in the early 80s we'd given our eye teeth for 4% unemployment when unemployment was was ten and 11 and even 12% at one stage. but what's going on here is the labour market is tight as you say, there are still a lot of companies out there who want to take people on. the labour isn't always there. wages are going always there. so wages are going up and we can have look at up and we can have a look at these numbers which came out from this morning. the from the ons. this morning. the private is up 7.7. private sector pay is up 7.7. that's between march and may compared to march and may 2022. so it's that three month period,

well, joining us now to discuss all this is our economics and business editor liam the money liam halliganns of people a lot more worry than they already have got with the cost of living crisis. >> liam exactly. pip there are two. so there's this thing called cma, the competition called the cma, the competition and markets authority. it used to be called the office for fair trading, the oft , and it trading, the oft, and it combined with the competition commission as the as the officials in whitehall sort of moved to deckchairs and so on. but now have cma, which but we now have the cma, which is body. it's an is a powerful body. it's an independent and official body and it examines particular sectors where it thinks competition may not be happening , retailers are , where maybe retailers are colluding and so consumers don't get a good deal basically. and there have been two really big investigations going on over the last couple of months . i'm going last couple of months. i'm going to tell you about the first one, which is supermarket hits selling fuel. right? so when you go to the superm

. >> so liam halligan is in the studio for feels like the studio for us.and economy gives us one hand and takes with the other at the moment, it? takes with the other at the mo ordinarily it? takes with the other at the mo ordinarily we'd:? takes with the other at the mo ordinarily we'd be >> ordinarily we'd be celebrating fact that wage celebrating the fact that wage growth so high it's still growth is so high it's still lower inflation, by the lower than inflation, by the way, doesn't mean that way, but that doesn't mean that the isn't the bank of england isn't worried about let's just worried about it. let's just have quick the have a quick look at the numbers. public pay , numbers. so public sector pay, it's a bit weird. it's done in quarters. yeah. here comes the graphic andrew you love graphic. andrew i know you love a graphic. >> graphics. >> me graphics. >> me graphics. >> public sector pay between >> so public sector pay between march, april and may compared to march, april and may compared to march may in 2022 was march april and may in 2022 was

we could talk about this all day, but liam halligan there. you much. our there.ere. thank you very much. our ecor keeps eyes ears on just keep your eyes and ears on that we're not going that one because we're not going to one go. liam to let that one go. liam definitely not going letting to let that one go. liam defi|oney not going letting to let that one go. liam defi|one go.t going letting to let that one go. liam defi|one go. so oing letting to let that one go. liam defi|one go. so you letting to let that one go. liam defi|one go. so you iexpect that one go. so you can expect a lot on that story in our lot more on that story in our fishing communities right here at gb the coming at gb news in the coming days, weeks and months, but lots more still now and still to come between now and 5:00. ask, the muslim 5:00. i will ask, is the muslim community doing more community in need of doing more to islamist terror to prevent islamist terror attacks? ask that because attacks? and i ask that because it emerges that m15 spends three quarters of its time trying to combat

inflation to rise as it did when your own liam halligan was calling it out a couple of years ago.i feel sorry for young people nowadays who are facing this this mortgage crisis. rates of 7% are are envisaged and it's not fair on them when they're just trying to make a start in life. they are carrying the heaviest burden. >> well, as just about young ish person with a new mortgage, i sympathise with that and paul, another issue that we've been talking about quite a lot this week is it's strikes. we've seen pubuc week is it's strikes. we've seen public sector workers go on strike for days and days at a time over the last year, and it shows no sign of ending anytime soon. teachers walked out last week can expect see week and we can expect to see more the new term. more of that in the new term. what do you make of that? is it sustainable? >> well, of course it's not sustainable. i mean, the government to talk to these government need to talk to these people and try and resolve the issues instead just walking people and try and resolve the issue�*from ead just walking people and try an

and liam halligan is >> yeah.ergy today as well. i think he's he's out of studio this morning. we're going be talking about whether we talking to him about whether we need that i think is we probably talking to him about whether we ne> so what's that to do >> so what's that going to do for us now. >> well exactly. all right. look, thank you. >> to see what we have >> you want to see what we have after break? after the break? >> have excited. >> we have got excited. >> we have got excited. >> is. we have got >> well, it is. we have got a woman who she married. >> she's married. she's married. >> she's married. she's married. >> artificial intelligence >> an artificial intelligence

we've got liam halligan is coming in here. how could i have forgotten that?unbr— campaign. well, i think this is exactly what gb _ campaign. well, i think this is exactly what gb news should be doing- — exactly what gb news should be doing- anu— exactly what gb news should be doing. and we'll— exactly what gb news should be doing. ' “r: .. t doing. and we'll come to the campaign just to say the banks are for the high jump as you want. they've been asked to go or ordered go to or ordered to go to the headmaster's we'll see headmaster's study. we'll see what happens. but it's been the case years and years and case for years and years and years is that as soon as interest rates go up, the bank of england puts interest of england puts up interest rates we as lenders rates immediately. we as lenders , mortgage companies, banks , mortgage companies, the banks , within 24 hours, the mortgage rate goes up. you've got the letter plopping on your doormat by the end of the week, haven't you? and yet when it comes to putting up rates for savers, it can take months and mo

joining us for more on this is our economics and business editor liam halligan with on money . with onose two things can happen at once so we can have look at the numbers. can have a look at the numbers. sales volumes were up nought point june on the previous point 7% in june on the previous month 20th, 23. but those month on may 20th, 23. but those sales were down 1% on june 20th, 22. so there's a sort of gradual slowdown happening, happening. what we saw in the in june last month , the month we just had, we month, the month we just had, we saw a bounce back in food sales, weather was very good . lots of weather was very good. lots of people having barbecues and so on, having people around, celebrating the good weather. having said that , overall having said that, overall consumer confidence in july, these are unofficial numbers from the gfk consultancy is actually down and it seems now that the interest rate rises , that the interest rate rises, fiscal drag dragging people into higher tax thresholds , less higher tax thresholds, less disposable income . the idea that disposable incom

because liam parish has liam halligan of this parish has been that very fact. >> @ wider than the >> than the banking actually, if banking people. actually, if banks much control over banks have so much control over your lives, you can understand why we need to keep out. why we need to keep cash out. yeah, is really important. >> we the tory mp david >> we had the tory mp david davis on this programme yesterday says no yesterday and he says i no longer carry cash, i don't use cash. so i have to have a bank account. he now knows could account. he now knows he could be debunked he's an be debunked because he's an outspoken, figure. outspoken, contentious figure. oh me and he supported oh dear me and he supported brexit. oh dear me and he supported breyeah, oh dear me and he supported bre yeah, well, oh dear me and he supported bre yeah, well , that's care >> yeah, well, that's care arlene foster you support money on god's money under the mattress? no. yes that's going to go, isn't it? yeah. where's this going to end? >> the bank governors? our >> are the bank governors? our directors a

let's get more with our economics and business editor liam halligan with on the money . hasn't it, with a lot of charities, disabled groups. it could really put them off travelling by train. >> liam it does make it a lot more difficult to travel by train if we have to rely on ticket machines that now very rarely take cash. it's all cards for over a million people in the uk . a million adults don't even uk. a million adults don't even have a bank account, so they don't have a debit card or even more complicated for a lot of older people . you've got to buy older people. you've got to buy a ticket using an app on your your smartphone , which often your smartphone, which often means you need to be in an area with proper 4g reception or in a wi—fi hotspot. it really does make it a lot more complicated. and let's have a look at some of the numbers involved now. the train operating companies, they're the latest they're just the latest businesses that are to businesses that are trying to get away from the costs of handung get away from the costs of handling cash, both in terms o