governor andrew bailey warned that the risks are not gone yet. i'm not saying there will be no more rises. let's be clear on that because it's too uncertain the moment paired francine: however, one central bank stood out more than the rest appeared christine lagarde promised a half point hike in march while shifting to a more dovish stance. how joining us is the head of european economics research at barclays. thank you for joining us. do you feel the ecb is the last doves standing or they just want to make sure that the markets don't price and pivot ahead of time? silivia: morning and things are having me here. 50 basis points for the next move is certainly there. i think what the ecb introduced yesterday in the market is the optionality of reassessing the picture in march effect -- forecast is there. the dovish midst of the meeting -- the dovishness of the meeting means you might have five or 50 or zero going forward. we are always on the dovish side because we notice declining inflation is in the current ecb forecast. we think not just a headwi

andrew bailey. coming up we will get more on what to expect from these central banks market reaction to an optimistic sounding jay powell from mads pedersen human edge investment technology cio and founder. this is bloomberg. ♪ francine: welcome back to the open everyone. 10 minutes until the european trading day. central bank action continues with the b.o.e. and ecb today. if you look at overall equities are doing, they are expending some of the rally we saw in the u.s. yesterday. keep an eye on adani assets sinking further. european access gaining 5/10 of a percent. tom: mads pedersen the founder and cio of human edge investment technology is here. good morning. if it's not a picket it's a pure wet. that's one line. jay powell sounded optimistic and said to's inflationary forces have come to bear. at the same time, he suggested possibly to further rate hikes and pushed back on expectations about a cut this year. do you believe jay powell? mads: i believe that he managed to do a press conference wi

at 4:00, we will bring you are interview with andrew bailey. coming up, we will speak to the ceo of a's biggest energy company. our interview with iom of the ceo, that is next. introducing the new sleep number climate360 smart bed. only smart bed in the world that actively cools, warms, and effortlessly responds to both of you. our smart sleepers get 28 minutes more restful sleep per night. proven quality sleep. only from sleep number. tom: welcome back to "bloomberg daybreak: europe". austria's biggest energy company, though m.v.p., has reported clean operating profit that missed the average analysts estimate. they are also set to be exploring the sale of some international oil and gas assets as the company pushes ahead with its long-term goal to pull back from upstream production. let's get some analysis and reaction from the company's ceo, alfred stern. your reaction to these earnings, how it positions the business for the year ahead? alfred: good morning. the earnings last year were really fantastic. we had a record year at oh and the oh an

andrew bailey will face the treasury committee in the u.k.and we may be dipping into that speech. at 1:30 p.m. we will get u.s. initial jobless claims. how tight is that labor market? very at this point. earnings season provides detailed on this picture around the economy and corporate health. we'll be hearing from french cosmetics company l'oreal this afternoon at 5:00. staying with the corporate earnings picture, standard card shares -- standard chartered shares jumping on the bloomberg report that first abu dhabi bank is pressing ahead with a potential offer for the london listed bank. let's get to tom metcalf. what are they looking at and what is the sense from fab that they are close to making another offer? tom: a came out last month saying we have exported a bit but are no longer -- tom: family we had some audio issues. it's the bloomberg scoop on first abu dhabi bank considering a renewed offer for standard chartered. we have now reconnected with tom metcalf who was a few feet away from me heard what are they looking for and what is t

joining me now is andrew bailey, missouri attorne general.tell you the president in ceo o the bjc healthcare in the chairman of washington university said they were establishing additional oversight in response to your call for a moratorium. that doesn't satisfy your concerns? they are additional oversight for the gender transition clinic ? >> the allegations of the whistleblower has brought to ou attention are frightening and they have to be taken seriously. that so we called for this moratorium. if the clinic is serious about protecting patients and instituting control measures at this point in time, it is a moratorium on this type of procedure. think about what the whistleblower has had, this is person who describes herself as a progressive, married to a transgender man who asked to be a caseworker at the transgender clinic. if she is saying this is harmfu that these are frightening procedures that are hurting kid and causing permanent damage, w have to take that seriously. we have to use every legal resource to hold people accountable and

bringing the base rate up to 4% highest since the global financial crisis gilt yields tumbled as andrew bailey said they have seen the first signs inflation has turned a corner and the upcoming downturn will be shorter and shallower than previously expected i sat down with governor bailey and asked if the markets are right to think the boe is at or nearing the end of the hiking cycle. >> we said if the economy i evolves as we think it will, rates will have to go up further. we used the word forcefully which a lot of people picked up on you see we have not said that today. that is intentional. however, i'm not saying this is it we're done the world is too uncertain in our case there is an encouraging downward path of inflation in the central projection, but there is a big risk we have the biggest risk in the forecast on inflation on the upside than we ever had. >> you have downgraded your inflation forecast which is interesting. you cite some signs labor demand is beginning to slow if average private sector wage growth slows down, would that be a signal that your work is done? >> i would say pr

and we reflect on what andrew bailey has said before. of course , bank believing the of course, bank believing the recession will be shallower, although maybe slightly longer and is the new ons judgement they've got to make alongside those other forecasts, including the imf one about, you know, how hard you put that foot , the hard you put that foot, the brake . it's all about brake. it's all about credibility . mark central credibility. mark central banking is about hard won credibility . credibility that's credibility. credibility that's easy to lose i personally think and i say this with regret, i'm and i say this with regret, i'm a big supporter , independent a big supporter, independent central banking. i have been all my professional career as an economist. but i do think the bank of england lost credibility last , it was bank of england lost credibility last, it was far bank of england lost credibility last , it was far too complacent last, it was far too complacent about inflation. they kept saying all this inflation is going to

we also have a tonal shift from andrew bailey, saying inflation has turned a corner.ou have lagarde putting a lot of caveats on her 50 basis point hike for next month. are these not central be -- bankers were opening the door to not just downshifting but the end of a rate hike cycle? christian: absolutely. there is a change in tone. if you listen carefully to the press conference that chairman powell gave after the fed meeting on wednesday, he was asked what would have to happen for him to cut rates during 2023. he said, the fed is expecting an inflation rate of 3.5%. if it works, they would be open to cutting rates. lagarde, i don't think she question at all that there would be another rate hike in march. she was careful not to pre-commit be in -- beyond march. there's a bit of a change in tone here. there's a bit of uncertainty about the inflationary outlook. we have to acknowledge that. unknowable -- number of central bank out there are calling for disinflation going into the year. most investors are expecting a stubbornly high level of inflation and a very hawkish

alix: that was andrew bailey. to the question, was that with a 22 basis moves we are seeing in the gilt market? this just feels cruel. guy: the market was expecting 50 basis points, we got 50 basis points. on balance the -- was more hawkish than anticipated. they did to change the forward guidance in terms of the leg which they used and it seems it is the latter the market has latched onto rather than we need to do more from here. i think the market is signaling today there is a possibility they could be done. we may begin to 25 basis points but that is it. you get the same feeling with the ecb. it is peculiar. alix: i also found the growth projections did not fill me with confidence. it is grim. possession will only be five quarters instead of eight. the long-term potential is terrible. 1% growth for the next three years? guy: the bank of england is more pessimistic on the recovery than others. alix: yeah. and there is no easy fix for that. i get some of that is brexit but they talk about how people aren't coming

co-host of fox and friends and host of "one nation," brian, kim gardner is fighting attempts by andrew bailey to remove her from office saying it's a political stunt and nothing more than that and she's going to continue to do her job. >> brian: you know, what she has working against her is she's done such a terrible job and the people are paying the price, the people that own businesses, the people that want to walk the streets and the young girl that wanted to fulfill her athletic and academic potential. and she cares more about the criminal. wait a second. so does just about all these a.g.s that george soros went out of his way to finance in order to one by one take down all our cities. think about this. chesa bodine is out, and working on philadelphia, alvin bragg is a flat-out embarrassment, he paid off his loans too quick, and st. louis kids are losing their livelihoods, they are dying on the streets, and she is indifferent about it. my hope is she gets justice and it's gone. no coincidence that ron desantis yeah, he's got a book in a week, but says i'm going to go to blue states into c

policymakers like on andrew bailey voted seven-two to resume to order percent. i told us there is still a long way to go when the inflation fight -- in the inflation fight. >> we will react to inflation evidence that we see. we have not preannounced intention, because we have reached a point, and as i said we have started to turn a corner. that is encouraging. there is a long way to go and a lot of risks. vonnie: the cb lifted interest rates by .51% to 2.5%, the highest since 2008. policymakers say under the move is almost certain next month. their winning the most aggressive monetary tightening in euros on history is not done despite conceding the inflation outlook is improving. >> the governing council will stay the course in raising interest rates significantly, at a steady pace, and in keeping them at levels that are sufficiently restrictive to ensure a timely return of inflation to our 2% medium-term target. vonnie: the financial times reported u.s. secretary of state antony blinken is expected to be president xi jinping innovating during his two day trip t

. >> trace: meantime, missouri attorney general andrew bailey has begun legal proceedings have st. louis circuit attorney kim gardner removed from office after a weekend car crash where a teenage volleyball player lost both her legs. and the man who hit her, 50 bail violations. jackie is live in new york with breaking information on that story. good evening. >> good evening, trace. that progressive prosecutor in missouri may soon be out of a job over what her critics they are soft-on-crime policies. tonight, missouri's attorney general is giving kim gardner an ultimatum: quit or be fired. daniel riley was supposed to be on house arrest at the time of this horrific crash, but records show, as you said, trace, he violated the terms of his bond over 50 times. he's facing fierce backlash for dropping the armed robbery charges against riley in the case that landed him in house arrest last year, and missouri ag andrew bailey says it's part of a pattern of not upholding the rule of law. >> instead of protecting victims, she's creating more victims by her illegal refusal to do her job. if

joining me now is andrew bailey, missouri attorney general. ai >> mr. attorney general,ley, miu tell you that the president the and ceo of p the bjc health care and the chancellor of washington university saidersity they were establishing additional oversight in response to your call for a moratorium that doesn't that doesn't satisfy your concerns. there are additional oversight for the gender transition clinice gender. egations no, listen, the allegations that the whistleblower has brought to our attention arehte frightening and they have to be taken seriously. that's why we calledave ke for t moratorium. if the clinic is serious about protecting patientliniiouss and instituting control measures, the best control measure at this point in timemoo is a moratorium on these types of procedures, because think about whatri type the whistlebr has said.d, this is a person who describespn hersel wf as a progressive, whot married to a transgender mano ,h who asked to be a caseworker ath the transgender clinic because she believes in transgender rights. e r icand

nigel that the bank of england governor , andrew bailey, will be governor, andrew bailey, will be rowing back from those very, very pessimistic assumptions about growth . and i think about uk growth. and i think pretty soon the imf will be doing the same . well, that's doing the same. well, that's good news , liam. there is good news, liam. there is something, isn't there , what the something, isn't there, what the imf say and something of what you and i have been saying together for some time here, that a country in which corporate taxes are due to go up by 30, a third increase in corporate taxes just a couple of months down the and a personal tax regime that is dragging millions into 40 ppi tax. tax regime that is dragging millions into 40 ppi tax . it's millions into 40 ppi tax. it's difficult for us to really fulfil our potential with a tax regime that well, you know as soon as i've finished talking to you, nigel, as you'd expect from from me as you would do. i'm going to go. it's time for a dnnk going to go. it's time for a drink and start talking to some of the guests and i'm sure

in an interview with the bbc, andrew bailey admitted that it's "extraordinary" that the uk economy isn't rebound to its pre—pandemic size until 2026. it is extraordinary, actually. now, of course, you may have to conclude that covid has had bigger long—run effects than we thought it would, particularly in terms of things like the labour supply, people choosing to come out of participating in the labour force. but you're right, it is quite remarkable, in that sense. today's bank of england rate rise will have knock—on effects for people with mortgages, credit card debt and bank loans. those with a typical tracker mortgage will pay about £49 — or $60 — more a month, while those on a variable mortgage will pay an extra £31 a month. here's one homeowner. i was kind of hoping that the days of nervously checking the bank balance once you get a couple of weeks into the month were gone, but they're kind of back with a vengeance now, and it's back to the days of, you know, panicking every time there's an unexpected bill. but with expectations that interest rates are close to their peak, mortgage

missouri attorney general andrew bailey is one of the state republican leaders urging the court to kill>> asked someone who pay for my school in blood, sweat, and tears in service to my nation, t is a service near and dear to my heart to be a prime cop in the court will reach the right decision. >> reporter: a confidence bolstered during three hours of arguments as conservative justices seemed skeptical that president biden could single-handedly forgive student debt for 95% of borrowers. >> i think most casual observers would say, if you're going to give up that much amount of money, if you are going to affect the obligations of that many americans on a subject that is of great controversy, they would think that is something for congress to act on. >> reporter: but liberal justices said the law gave the administration power to act during national emergencies like covid. >> there are 50 million students who will benefit from this, who today will struggle. >> reporter: but the republican leaders who are fighting to stop the biden plan say all of that debt cancellation will cost their stat

that was the governor of the bank of england, andrew bailey. andy verityjoins me now.tegy here? in how would you summarise the strategy here? ., ._ , how would you summarise the strategy here? . , , ., here? in a way, it is hard line in the short _ here? in a way, it is hard line in the short term _ here? in a way, it is hard line in the short term so _ here? in a way, it is hard line in the short term so they - here? in a way, it is hard line in the short term so they can - here? in a way, it is hard line in the short term so they can take | here? in a way, it is hard line in l the short term so they can take a softer line in the medium term. raising interest rates by half a percentage point was as much is economist thought they would. there are members on the committee saying they did not want to raise them at all. those two dissenting members would be worried about the weakness of the economy. we all see indicators. business investment is on the floor for some all those things that might get economic growth going are not really happening at the moment. the bank of e

the fed chairjerome powell can say that we are winning here whereas andrew bailey and his team are not they? absolutely not. position, are they? absolutely not- arguably _ position, are they? absolutely not. arguably the _ position, are they? absolutely not. arguably the bank - position, are they? absolutely not. arguably the bank of - not. arguably the bank of england has probably a more difficultjob than ecb and the fed and inflation is very high and persistent as well. you have food and services, two components of inflation that remain quite sticky. 0n the other side of this we have a weak economy as well. the imf recently came out saying that the uk is going to be the only leading economy to contract in 2023. so, really, the bank of england are very much between a rock and a hard place. the rock being that high continued persistent inflation and the hard place is falling economic outlook. ., ., , hard place is falling economic outlook. . ., ., , outlook. that was going to be m next outlook. that was going to be my next question, _ outlook. that was going to be my next question, ref

on a more optimistic note bank of england governor andrew bailey said earlier that they were the firstst back from the corner. well just back from the bank england is our business and economics editor it's liam halligan worth on the money . halligan worth on the money. rally. what you got for us? so as you say , interest rates up 50 as you say, interest rates up 50 bafis as you say, interest rates up 50 basis points. as we say, nought point five percentage points from 3.5 to 4 is 14 year high. this may actually be the last interest rate rise. i'm not saying it will be no one knows, but there some people who now the rates have peaked not, least because andrew bailey there did say that rates have turned a corner . the bank of england also corner. the bank of england also a bit less gloomy much than it was before its previously predicting a economic slowdown lasting much years. blimey is predicting a slowdown that's shallower and lasts just a year. i still think they're overlooking the doom and gloom i have to say. okay. well, give good. go on that then. yes, good. go on that then. yes, go

now after that explosive expose, missouri attorney general andrew bailey is investigating the clinic. joining us now is missouri senator josh hawley who's office launched its own investigation into what can only be described as horror. senator, you warned the clinic that accountability is coming. now what exactly will that look like? if this whistle blower account was true, there's many aspects of that are horrifying, what should happen? >> well, listen, some people may need to go to jail, laura. you don't get to take kids in and tell them they need to have gender reassigned and lie to them about what the effects will be, which is sterilization and lie to parents and maybe take taxpayer dollars that's part of the whole thing and what i'm going to find out, laura, we need accounting of every child abused in this way and every child sterilized by force and every child put through these procedures. we need to know where is the money coming from? this is becoming the industry and i'll follow a trail and big pharma and insurance and monopolies and higher education and government and who's

andrew bailey is doing a really good job managing the expectations.t's all about expectation management come the talking heads. the bank of england is regaining its confidence after a tough time lester with transitory inflation and missing that whole move. alix: bp is up 13%. do you like the stock? >> bp is a big position for us still. i thought the easy money had been made. lester, the oil price did not go anywhere but shares are up 40% so we thought probably the bulk of the money had been made. has surprised the market, the fact that there has been a pivot back into fossil fuels and away from some of the investment in renewables which the market does struggle with in terms of what are the returns going to be in 10-20 years time. if we look at the exxon, chevron, conoco playbook, it is been much more about the focus on fossil fuels and the share price performance of the u.s. versus european peers. guy: the royal institution was out with its survey. basically stagnation. housing stocks made this move early and went down pretty hard. the pricing in all

will also release some new forecasts which aren't nearly as gloomy as the forecasts that governor andrew baileys talking about a month or so ago, about the longest recession in british history. i don't think that's going to happeni don't think that's going to happen i think the bank of england was too slow to get its head around covering inflation. and i think it's being too slow to see that there is the spec at least of recovery on the horizon . well, that is very, very interesting we'll stick with you all day here on gb news, especially at midday for that thanks to rates decision thanks , liam. now moving on, darren mccaffrey joins us from downing street, of course, to reflect on 100 days in office for rishi sunak, darren, how has he done ? sunak, darren, how has he done? well, it's really interesting, isn't it, tom? this 100 days, i mean , be dozens of articles mean, be dozens of articles written about it. it's not actually a thing in the you got in that we've imported from america that became a thing around the us president is on the days i mean in many regards sunak doing he set out sunak

gmt we will have joumanna's interview with the governor andrew bailey. stay tuned for that as well across the day the important one happening as well with the european central bank they are expected to follow suit today by hiking the deposit rate 50 basis points to 2.5%. inflation in the euro area last month slowed to the lowest level since may at 8.5%. although core inflation which excludes food and energy prices, has proven sticky. annette is on the line as we unpack this story. annette, as we head to the decision, no clear message has been shared by the president of the ecb christine lagarde. really staying the path is the mantra for the year. we should not be surprised by the decision >> reporter: exactly that is widely expected that the ecb is hiking another 50 basis points today the key question is if she will say the future will also hold significantly higher rates that was how she phrased it back in december. if that significantly will be dropped, that could be a dovish surprise clearly inside the governing council there is a growing risk with th

. >> and you can see missouri attorney general andrew bailey on the bottom line. >> governor worker unionsto say and climb they need to work from home, why? they are trying to say it's better for the planet. for years you could throw a bowling ball down a government hallway and not hit everyone. >> governor desantis is boycotting nbc and mbus ms nbc next on "the evening edit." your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today. your best defense against erosion and cavities is strong enamel- nothing beats it. new pronamel active shield actively shields the enamel to defend against erosion and cavities. i think that this product is a gamechanger for my patients- it really works. age-related macular degeneration may lead to severe vision loss and if you're taking a multi-vitamin alone, you may be missing a critical piece... preservision. preservision areds 2 contains the only clinically proven nutrient formula recommended by the national eye institute to help reduce the risk of moderate to advanced amd progressio

is this something andrew bailey will have to push back against?nk of england is less keen on trying to fine-tune market expectations in the medium-term. they don't like to try and overcome a break. i think the bank -- over calibrate. i think the bank of england, the messages they are not there yet on the downshifting, because wage growth is still accelerating at 7%-ish in the u.k.. that is way above what is consistent with inflation. they are not yet ready to slow down. again, we are over the hump and we are going to be following a similar stretch to the fed. there will be a downshift coming, it's a matter of one. we can put it relatively soon after this meeting. dani: ok, thank you very much. that is jamie rush from our bloomberg economics team. quickly want to mention some lines coming through from india. india has planned its 2024 budget, their gross borrowing, it will be at 15.3 trillion rupees, the net is 12.3 trillion. they are boosting capital spending 33% to $122 billion. manus: keep an eye on the rupee, 10 year bonds are gaining. all eyes

. >> ashley: this morning, when i saw the attorney general in missouri andrew bailey demanding she resignnoon or will go forward with the proceedings. i'm not sure how that would work. how difficult it would be to get her out of office. but my question why is it getting to this point? this has been happening for a long time with her. this is nothing new. it is so unfortunate that i can't tell you how many volleyball games i've gone to with my family doing the exact same thing that she was doing with her parents, walking to their hotel. and because this guy had violated his house arrest 40 times, how are you still on house arrest if you have been violating 40 times coursework shouldn't you be back in jail? >> todd: lets remember she is the victim here. she has a life altering injuries because of this. to your point on the 40 times, white gps monitoring if you know this person violated 40 times and there were no consequences? this goes back to overarching thing, there are consequences for the victims, life altering consequences and she will never have her legs again. what are the consequenc

big rush into bonds on the back of fed chair powell and the ecb president and bank of england's andrew bailey saying we're still fighting inflation >> i think i do. they are still fighting inflation but i think we've seen the clearest signs ever they're winning the battle, and the battle is almost won, and we're very close to being at the end of the hiking cycle. i think people are looking forward what that might mean with growth prospects, inflation coming down, future cuts in interest rates to stimulate more growth i think that's helped to drive a lot of the flow dynamic and the support we've seen in the bond market more generally. >> what do these bond yields, the ten year comes down, what do they tell you about where the market expects growth to be >> expecting lower growth throughout the year. the market expects fed fund rates to be lower at the end of the year than today so that's no more hikes and one cut or more hikes and multiple cuts, so i think that tells you -- >> even though the fed says no cuts this year >> even though the fed says no cuts this year, it's been strict about sayin

state attorney general andrew bailey alleges gardner is neglecting her duties after a repeat offenderrgia nay ed mundtson lost both of her legs in that collision. a gofundme account raising almost $600,000. joining us now, missouri state representative ben baker. representative baker, that's a, an incredible tragedy. she's had both legs amputated off of this incident that happened earlier in february, just not long ago. tell me a little bit about this offender, why he was on the streets and what kim gardner had to do with, what her actions, how they led to this tragic moment. >> sure. so daniel reilly was the guy that's driving the car. and come to find out he is an offender that should have been in jail, and that's the whole point of this in understanding that kim gardner is neglecting her office. and in his situation, he had over 50 violations of his parole, and he was still on the street. and so she never filed a motion to revoke that bond, and so this incident now that it's happened, unfortunately, is what it has taken for people to start paying attention and to really start reali

state attorney general andrew bailey released a statement that his office is thoroughly investigatingls who may be more concerned with a radical social agenda than the health of children. >> some people may need to go to jail. you don't get to take kids and tell them that they need to have their gender reassigned, lie to them about what the effects will be, which ask sterilization in many instances. >> parents of children and transgender program quick to defend it and claim they are informed. >> every appointment i'm there. every appointment he fills out questionnaires. every appointment they check in with me. >> a group for parents of transgender kids is criticizing the attorney general. >> tell me if the a.g. has a transgender child because if he doesn't and i don't think he does, then i don't think that he should be saying anything about this. >> washington university said in a statement it is alarmed over the allegations. we are taking the matter very seriously and have already begun the process of looking into the situation to ascertain the facts. that whistleblower goes on to bl

. >> sean: joining us now to respond, missouri attorney general andrew bailey is with us. to the program. let's start with what kim gardner is doing and why does she should not be holding this position. we have is a phenomenon. we have the funding of very weak online order candidates being funded, being elected to office, only because of the money spent, and they don't enforce the laws of the land. they don't prosecute criminals. and americans now are at risk as a result. your thoughts? >> look, this is about the rule of law and justice for victims. i come from a prosecutor's office. i use prosecutorial discretion to determine whether or not i have sufficient evidence to pursue cases. that's what prosecutorial discretion is about. it's not an after-the-fact veto to nullify laws you don't like. you don't want to enforce laws, don't take a job as a prosecutor. we have in the city of st. louis is a circuit attorney who is a legally, unlawfully, willfully neglecting her duties, and she's done that in three ways. she's failed to prosecute pending cases that then languish on the

. >> missouri republican attorney general andrew bailey is accusing kim gardner of injecting race andfforts to get her to step aside telling fox digital her accusations of racism are ridiculous. but the defiant gardner is still serving as st. louis circuit attorney the people have a process if they do not no longer want me in office and that's called an election. >> the photographic prosecutor is under pressure after a car crash caused by repeat offender who was out on bond led to a teenage volleyball player's legs being amputated bailey citing the crash and a backlog of at least 3,000 cases is moving to oust gardner. >> instead of protecting victims, she is creating more victims by her illegal refusal to do her job. >> the case in st. louis is highlighting how far left districtest attorneys have come to power. campaign finance records show gardner received at least $116,000 in a paid ad from a political action committee funded by george soros. she sailed to reelection in 2020 even as st. louis homicides from the previous year spiked 36% a report from the pro-police nonprofit found th

andrew bailey says he's about the persistence of inflation, but he does expect the rate of inflationggests to me that when the npc next get together , when the npc next get together, we should have maybe one more rate rise so they even push it. even despite comments. yeah, one more rate rise. i think enough is saying for a long time now, as you'll recall that will end up at 4.25 we're currently up at 4.25 and we're currently at but we already have two at four but we already have two members of the nine strong mdc who said that interest rates should actually fall now rather than go up . and we've got an than go up. and we've got an inflation number coming out next wednesday. yeah and if that inflation number is well into single digits , then it may be single digits, then it may be that more than two mpc members actually call for rates to be held or for them to be cut and interesting to see in the argument, you know, worry being that under the 2% target because of course, the firms you visited there in the midlands it's not just the corporation tax, it's the fact that borrowing is so e

or evenafte worse, in some cases, now, after that explosive exposed missouri attorney general andrew bailey has announced he's investigating the clinic. g us now is missouri senator john holley, whose office has alssho launched hawln own investigation into what only can be described as a senator . you warned the clinic that accountability is coming now. what exactly will that look like if this if this whistleblower account is trues y and there's many different aspects to thi aspecs count, but they're all horrifying, what should happen? >> well, listen, some people may need to go to jail. laura , you don't get to takendn kids in and tell them thatd them they need to hav aboe their genr reassigned, lie to them about what the effects will be, which is sterilization in many and m instances, lie to their parents about it and maybe take taxpayeray dollars as part of the whole thing and then just goinaway with it. but here's what we need to find out. whatg to fin i'm going to find f laura . we needed accounting of every child who was abused in this way, every child who was sterilized by force, eve

andrew bailey says the economic slump may now last a year, shorter than feared.los is at a bakery in greater manchester for us this morning. well, it's busy as ever here at robinson's artisan bakery. it's been operating from this site in manchester since 1968. these fresh loaves just out of the oven. but of course, the ingredients to make these are getting more expensive. the energy to keep the ovens nice and hot, to bake the bread and all the various treats they make, it's costing them more, so costing them more in energy to keep the fridges nice and cold for all those ingredients as well. and that is one of the reasons the bank of england has put interest rates up to try and rein in soaring prices. let me run through the decision they made. they put interest rates up yesterday to 4%, raising them by half a percentage point. that's because inflation, the rise in average prices, is currently running at 10.5%. that's nearly a 40—year high and it's about five times above the target that the bank of england has of inflation of 2%. the imf, the international monetary

of the taking demand out of the economy is less this was just saying made me when i listen to andrew baileyay i think there probably will be a recession but i think it may be shorter lived and it may shallower. i found that literally incredible . well, that literally incredible. well, i mean, the footsie is a signal. you're right. and it is reaching record highs. and that's an indication that investor investors have some confidence investors have some confidence in the long run if the economy and we see that in the jobs market as well which in the states and in the uk and across europe has held up really, really well. we saw sort of record market figures in in record job market figures in in the states come out yesterday and certainly the uk that's held up well. so that does raise a prospect that you know that may we may be technically in a recession but certainly not as bad people were expecting bad as people were expecting a few ago. the issue is how few months ago. the issue is how do to longer term ? and do move back to longer term? and that's there's more that's where there's more stru

we'll hearing from the bank governor andrew bailey about the prospects for britain and our very liampremiership . he managed to make premiership. he managed to make his stamp on the top job. or is he still too busy firefighting because dominic raab is pulling allegations the latest problem to dog number 10 shel prompting anger after its core profits at £68 billion, the highest in its 115 year history. but it points out it's already paying more than a billion in windfall taxes to the uk and eu. but should we be squeezed ing the oil and gas giant even further ? well, get in giant even further? well, get in touch on that particular topic. and of course the other views of the day at gb views at gb news dot uk uk . so as we said, high dot uk uk. so as we said, high noon at the bank we can actually cross now because our economics and business liam halligan is there. threadneedle street for us outside the bank of england and then of course we were suggesting that maybe they will have to go for an increase, perhaps even half a% because they've got a remit to get a grip on inflation. yes, ind

we kind of had been haven't kind of had been told, haven't we, andrew bailey, that it we, by andrew baileythat it was drop more quickly. was going to drop more quickly. so you expect see so what do you expect to see today? yes, i think to be fair today? yes, i think to be fair to given the bank of england said we've turned the corner and it will drop more quickly, but the general consensus is we'll see that most substantial drop from next month and beyond. a number of factors taken in place have a bit of a lag effect. so i suspect that we will see another drop as widely anticipated. but it won't be huge and i think we'll still stay in double digits, but hopefully we'll see the back of double digit inflation when we get into march and beyond. so yeah , i expect and beyond. so yeah, i expect the drop that be the third time in succession . but i do think in succession. but i do think that the relatively speaking, the drop will still be fairly minor. and just to put that into perspective, yesterday in the us inflation figures were announced and dropped to 6.4. so obviously inflation figures we

andrew bailey says the economic slump may now only last a year, rather than two.. you do not look like you are helping out much you look like you are in the way. i out much you look like you are in the wa . . , ., out much you look like you are in thewa . . , . the way. i really am in the way, des - ite the way. i really am in the way, despite doing — the way. i really am in the way, despite doing my _ the way. i really am in the way, despite doing my best - the way. i really am in the way, despite doing my best not - the way. i really am in the way, despite doing my best not to. l the way. i really am in the way, i despite doing my best not to. this is robinson's artisan bakery. it has been here since 1968. it is as busy as any morning. the smell of it is incredible, so tasty. it costs them more to make all these delicious looking products. the otherness, costing more in energy to keep them hot and end up tasty treats like eccles cakes and egg custard tarts. energy prices means it costs more to run the fridge and keep ingredients nice and cold. the ingredients on

andrew bailey, the governor of the bank england, said the bank of england, said earlier in the week,oing to come barring some major global event. and let's hope have more of those hope we don't have more of those . we've had enough already. .we've had enough already. i think so. so it's going to fall so in a sense, the government just has to play waiting game just has to play a waiting game because inflation starts to because once inflation starts to fall, then course , this fall, then of course, this argument for above inflation pay rises becomes much less palatable in the mind set. at the moment, people are thinking well, inflation's going up 10. we're seeing our bills go up in some cases more than that. i mean, you look at the sort of inflation when it comes to food pnces inflation when it comes to food prices it's over 18% year on year now we thought we've all seen how prices have gone up at the supermarkets, but has inflation comes down that will ease. and so there is going to be public support for be even less public support for some these these striking some of these these str

played an important in breaking britain and remember the independent bank of england governor andrew baileyt show their true feelings about brexit. as a public official, i'm neutral brexit per say, but i'm neutral and saying these are what we think are the most likely economic effects of it. the simple way of thinking what brexit's done to the economy is that in the period that happened after, the referendum, there was the very very the biggest very sort of the biggest appreciation that any of the world's four major economies have seen, that that contributed increasing prices , reduced increasing prices, reduced wages. and i'm not talking through real wages, but also through real wages, but also through nominal wages. through real wages, but also through nominal wages . and some through nominal wages. and some wages have actually gone actually since we couldn't get the cheap labour from, the eu. well, if this brexit is not to blame for the state of the economy, if there isn't any global recession caused by covid, some of the policies of our government, but it doesn't stop there. the indian

andrew bailey and jeremy hunt are expected to say it is likely that a new form of money will be needed to decline. an increasingly digital economy sounds so harmless. it does sounds so harmless. it does sound harmless. what it basically is , it's basically as basically is, it's basically as the title suggests, digital currency . you don't need to have currency. you don't need to have physical, physical coins and on and so forth. and the problem is we've started with world of cryptocurrency and that's got a really bad name because of things like fdx and you remember the terrible the name sangram bank. the terrible the name sangram bank . freed yeah. and the bank. freed yeah. and the wonderful billions which are lost as a result of it. it is really useful because why on a should you have physical items in order to exchange the old days of bartering? here's your eggs and i'll give you a couple of bits of chicken. as opposed to it. as opposed to everything being digital and etc. long time that what you can try to do to simplify the way that we have that way. yes so what will this look peop

the head of the bank of england andrew bailey has said that money printing money, quantitative easinga lot of people think it so while you still have that money sloshing around in the system, you're going have problems dealing with inflation. it's, i suspect that although looking at it coming this year, i don't that's going to be the end of the story. i think it could go up again later on. right. and the budget not that far off. one assumes that this really does not mean jeremy has much room manoeuvre . no, has much room for manoeuvre. no, absolutely . and you know, the absolutely. and you know, the last of the statement that we had last was kind a little bit of a giveaway budget you know and so he's probably wanting to give away and he probably will give away and he probably will give more than he should to keep popular, you know, because are a lot of people are talking about how we should have a general election now , there were good election now, there were good reasons to have one right now. so he's wanting think to keep popular keep the party popular but really truly yeah he shou

headlines: the bank of england raises interest rates to 1r%, to tackle inflation — but it's governor, andrew baileyanespie, at an army checkpoint in northern ireland, 35 years ago. charges of attempted rape and assault are dropped against manchester united footballer, mason greenwood, after a key witnesses withdraws involvement. laura has got all the sport. good afternoon- _ laura has got all the sport. good afternoon. the _ laura has got all the sport. good afternoon. the new _ laura has got all the sport. good afternoon. the new everton - laura has got all the sport. good afternoon. the new everton boss sean dyche has been speaking to the media for the first time since replacing frank lampard. with the club lying 19th in the premier league with just three wins in 15 points from 20 games, he says he wants the fans to believe in him. it is games, he says he wants the fans to believe in him.— believe in him. it is easy to take the ship in _ believe in him. it is easy to take the ship in calm _ believe in him. it is easy to take the ship in calm water, - believe in him. it is easy to take the ship in

well andrew bailey's not much of a firefighter because it's still 10. to 4.5. i don't think the public is fooled being told this is good for them . i also don't think they're fooled by the taxes. you know, this all stealth taxes recently introduced. i think the tories are going to have a really hard time even if they dole out giant tax cuts and labour frankly is no better. the human, as boris called starmer the other day, really should be out there every day saying what they would do. but instead he just criticised us. that's really that's really interesting because what? because what we're told is, of course , that the tax rate, we're course, that the tax rate, we're told the bank of england is putting tax up because that helps deal with inflation. we're told that inflation is big told that inflation is too big problem sunak is problem and rishi sunak is working to bring it down by 50% by the end of the year. i mean, do those things not actually not go hand in hand? no i'm sorry. i don't want to be cruel to anybody, but it's utter . what we anybody, bu

what about change governor well, we've change its governor well, we've talked a lot about andrew baileyhink he's been way behind curve inflation. behind the curve on inflation. and think the latest census and i do think the latest census of bank of england forecasts were too gloomy when the interest decision is made interest rate decision is made today. there will also will be a new set of forecasts , and new set of forecasts, and i suspect they won't be nearly as downbeat as the imf was. but, you know, we live in a forecasts are just that aren't they're not destiny . all right. see destiny exactly. all right. see you later. thank you for telling them. really coming up to a 6:15. let's bring it up to date with the rest of our top stories this hour. and a petition calling for fair pay for nursing staff has now reached 100,000 signatures. it will be delivered to ten downing street later today the college of today. the royal college of nursing saying the prime minister is yet to solve the nhs crisis . centrica and british gas crisis. centrica and british gas say they have stopped applying

andrew is with us. sir,tospond, mattornw bailey wep >> thank you for having me on . let's start with what it is that this attorney is doing, what kim gardner is doing and why it is she should not be holding this position, because what we haveho is ldina we have is a phenomenon. we have the funding of veryg ofr weak on law and orderdates candidates being funded, beingbg elected to office only because of the money spent. and they don't they don't enforce the laws of the land. they don't prosecute criminals i and americannas are at risk as a result. >> your thoughts? >> yeah, look, this is about the rule of law and justice.of l aw afor victims. i come from a prosecutor's office. i've used prosecutorial discretion to determine whether or not i have sufficientther evidence to pursue cases. on isb and that's what prosecutorial discretion is about. it is not. yod after the factit's not a, ty laws you don't like.t want so if you don't want to enforce laws, don't take a job as autor. prosecutor. wen the city of ti st. louis is a circuity who is attorney who is illegally, unla

bailey, dominic, samuel you so much my superstar here tonight. superstar panel here tonight. but still to come is that bombshell photo that has stunned royal circles reason enough for prince andrewk. my romance my lady, colin campbell and, phil dampier, give their expert on this and the latest on harry and meghan at 935. but up next, the clash as half a million listeners dumped radio two for golden oldie stations. the bbc's diversity drive its blatantly age's policy ruined the once great station of bbc legends mike reid , liz kershaw and mike reid, liz kershaw and martin bell . batsmen straight martin bell. batsmen straight out to the right. but i want to know you think on this it's a hot button issue today. dan at gbnews.uk. tweet me using the handle at gb views. our poll writing, too. you can right writing, too. you can vote right now. back just a few now. and we're back just a few minutes . it's time now for the clash . and it's time now for the clash. and today we will giving proof the british bashing corporations just and diversity driven of golden oldies on radio two just isn't working. in fact, it's cleaning the station . official cleaning the station. official figures re

bailey, dominic, samuel you so much my superstar here tonight. superstar panel here tonight. but still to come is that bombshell photo that has stunned royal circles reason enough for prince andrewk. my romance my lady, colin campbell and, phil dampier, give their expert on this and the latest on harry and meghan at 935. but up next, the clash as half a million listeners dumped radio two for golden oldie stations. the bbc's diversity drive its blatantly age's policy ruined the once great station of bbc legends mike reid , liz kershaw and mike reid, liz kershaw and martin bell . batsmen straight martin bell. batsmen straight out to the right. but i want to know you think on this it's a hot button issue today. dan at gbnews.uk. tweet me using the handle at gb views. our poll writing, too. you can right writing, too. you can vote right now. back just a few now. and we're back just a few minutes . it's time now for the clash . and it's time now for the clash. and today we will giving proof the british bashing corporations just and diversity driven of golden oldies on radio two just isn't working. in fact, it's cleaning the station . official cleaning the station. official figures re