of autumn clothing alongside continued cost of living pressures. >>> bank of england governor andrew baileytruck an optimistic tone on the recent uk inflation data saying the slowdown in the consumer price pressure through september was quote quite encouraging. bailey told the "belfast telegraph" that the figures last month showed core inflation cooling to 1% was not far off the central bank forecast. hopeful about the uk trend, bailey noted wage growth in britain is still too high. you and i were doing our marathon four-hour session came in when the numbers came through and the instant reaction was a bit disappointing. this month's inflation figure came in in line with last month. this is something i said at the time that the bigger beat was what happened the month before. we had the huge drop. the downward surprise. it is interesting to hear bank of england governor bailey remark that and say we will to see a drop because of base effe effect. it is not as huge as the prior month. >> not necessarily linear decline with the direction of travel being important. i was thinking about bailey's

>> andrew bailey, right. >> oh, andrew bailey, right. >> oh, andrew bailey, right. >> yeah. >> your oldour old friend. yeah. >> and that, howard >> and before that, howard davis, of course, is still davis, who of course, is still all chairman the natwest all the chairman of the natwest banking friend of yours. >> they're best friends. and i've a bit to about i've got a bit to say about natwest later on in the program. >> well , i just hope he actually >> well, i just hope he actually gets this banking review gets on with this banking review because slow. because he was very slow. jonathan is sort of jonathan marland it is sort of it's good news in one way. it just could be so much better, couldn't it? >> inevitably , and it is all >> inevitably, and it is all about this brexit dividend that you fought very hard for and we are now in. whether you like, whether we like it or not, we have got to get our mind around that. we are we are out of europe, that we have got the opportunity and we have huge markets and i spend my time in the commonwealth, as you know, it's a massive market and we'r

>> andrew bailey, right. >> oh, andrew bailey, right. >> oh, andrew bailey, right. >> yeah. >> your oldour old friend. yeah. >> and that, howard >> and before that, howard davis, of course, is still davis, who of course, is still all chairman the natwest all the chairman of the natwest banking friend of yours. >> they're best friends. and i've a bit to about i've got a bit to say about natwest later on in the program. >> well , i just hope he actually >> well, i just hope he actually gets this banking review gets on with this banking review because slow. because he was very slow. jonathan is sort of jonathan marland it is sort of it's good news in one way. it just could be so much better, couldn't it? >> inevitably , and it is all >> inevitably, and it is all about this brexit dividend that you fought very hard for and we are now in. whether you like, whether we like it or not, we have got to get our mind around that. we are we are out of europe, that we have got the opportunity and we have huge markets and i spend my time in the commonwealth, as you know, it's a massive market and we'r

think the bank of england is concerned about the rise in wages and the higher wages, something andrew bailey ., ~ time now? yeah, and i think the ruestion time now? yeah, and i think the question always _ time now? yeah, and i think the question always is, _ time now? yeah, and i think the question always is, do _ time now? yeah, and i think the question always is, do you - time now? yeah, and i think the question always is, do you get i question always is, do you get that wage price spiral? we have to understand that wages are stickier and typically prices are so it takes a couple of months to work through these numbers so i think we will get a good indication over the next couple of months because we should see those wages start to follow the inflation numbers. 0k, michael stull, thank you very much indeed, from manpowergroup uk, and when we get that date it we will update you here on bbc news. deutsche bahn, germany's once—admired public train service, isn't quite what it used to be. unreliability, delays, cancellations and lengthy track closures are now regular complaints, leading german

andrew bailey has previously gone on record to say the complete opposite to say. think what he's doing here is almost damage limitation. so he's said it's created opportunities in the same way a car crash could create opportunities. plenty to scrap, plenty fix , and a very plenty to fix, and a very expensive insurance claim. it remains the fact that brexit has shrunk the economy by 4% and imports and exports are down by 15. that's the fact. >> okay. but we were the mass importer, weren't we really? so if the imports are lower, we're importing less from them. we're obviously getting it from somewhere else. >> ben habib well, let me just say brexit nothing say this. brexit has got nothing to the state of the to do with the state of the united kingdom's economy. political up, constitutional political set up, constitutional status. feeling, the status. what we're feeling, the effects are the deals that we effects of are the deals that we did with the european union as we left . no one did with the european union as we left. no one can did with the european union as we

that is crucial as well as we talk about the lending conditions right here is andrew bailey deals with a resilient and hot economy here. then we will get an account of the ecb meeting as well. seemingly on different pages but it seems like they're coming back together in terms of the rhetoric and dialogue we are hearing from the key leaders. a full round up of the stories you need to know to get your day going in today's edition of daybreak. still ahead, a deadlock over the imf meeting in morocco. we will discuss why member nations cannot agree, a lot going on in marrakech, morocco. we have our reporters and anchors on site. stick with us. this is bloomberg. ♪ kriti: welcome back to "daybreak: europe." we are still watching the middle eastern markets very carefully. i want to bring you some of the updates we are getting out of that region as we start to see the war between israel and hamas start to escalate. a little bit of strength in the israeli shekel but not that much. the dollar against the shekel weaker brought about pointing percent. a quick check on the equity markets as well b

rishaad: just wanted to get your thoughts on the euro into sterling, with andrew bailey saying that the job is not done when it comes to fighting inflation. claudio: yeah, to some degree that is true, although i think overall globally what we are seeing is some of that dynamics still ebbing. the u.k. has had its hard-earned circumstances, so to speak, but in a certain sense, we have seen the worst is over for sterling and the lows we saw previously, so we are likely to see some sterling crawl and recover back slowly. i sense that the concern we had previously to sterling is less than it was previously. on euro-dollar itself, we are still maintaining 105 for the year end for euro-dollar, and we think progressively next year, we think the dollar will fade on the euro-dollar goes back to 115 by the end of next year. yvonne: quite a lot of thoughts from claudio piron, sticking around and getting your takes on em and asia coming up. plenty more ahead. this is bloomberg. ♪ fabulous surroundings... but everyone's looking at their phones for financial insights from merrill. is he hailing a ride

and andrew bailey >> oh, yes. and andrew bailey was pretty doom mongering himself. of brexit. so if he's saying that it's opened up opportunities going to be very difficult for the miseries to go on saying that we should rejoin and we should abandon it, it has been limited success because it hasn't been properly embraced and dealt with . but if we take and dealt with. but if we take those advantages and if we trust people like bailey , if we take people like bailey, if we take those advantages , then yes, you those advantages, then yes, you know, we have a huge future . i know, we have a huge future. i thought , know, we have a huge future. i thought, why? >> why we why we've never sought competitive advantage . anneliese competitive advantage. anneliese is the thing. and the reason i'm cutting across you, i'm very sorry is because we are bang out of a wonderful and of time. it's a wonderful and welcome their former government minister now coming up. coming up. coming up, ex—england manager kevin keegan has sparked outrage after saying that he doesn't like female pu

it is now blocked from doing any of that joining me now is attorney general andrew bailey. mr. attorney general thank you for joining us. the white house framed it as the agency was just trying to protect elections from online hoaxes. but what was this really about. >> yeah. that's ridiculous. we are fighting to protect our first amendment right to free speech. these are d.c. swamp rats that inhabit the sewer of the administrative state. by the way, there is no room in our constitutional structure for administrative state. it's a sewer of d.c. swamp rats and they are gnawing at our freedom. we have seen it weaponized against president trump. we know cisa worked with fbi to suppress the hunter biden atlanta story in the fall of 2020 and the leadup of the 2020 election. that's election interference at its worse. american public suffered for it. it's certainly being weaponized against president trump today as well and we are moving into another election cycle. we have to build a wall tech and state. this law is the best way to do it. protect all of our right to free speech. >> lau

i england, andrew bailey. most not of them, she is the most not intellectually independent, and she for some time has been saying don't raise interest rates any more. you're going to hammer too much. hammer the economy too much. don't rates any don't raise interest rates any more. she's unusually more. and so she's unusually spoken out now the next spoken out now before the next interest decision to say, interest rate decision to say, look, guys, we really to look, guys, we really need to hold interest and that hold interest rates and that will good news for mortgage will be good news for mortgage holders and also those with personal debt and firms. >> but the bad news being that in terms of inflation and indeed growth, therefore it's this fuel price. and what that's going to do to us. >> so the us inflation number for august has just come out and it's 3.7. crikey, if we had three point, we're up at 6.7. and why is inflation in the uk less than here? well they've got a very dynamic economy. yeah why is inflati

it's entirely down to andrew bailey and the monetary policy committee of the bank of england do whatnd to do what they can stand up to. >> the striking unions he stand up to. >> 'cut striking unions he stand up to. >> 'cut spending.1ions he stand up to. >> 'cut spending. that's he can cut spending. that's certainly can cut spending. that's cencutting spending. well >> cutting spending. well cutting spending will have at this limited effect this time a very limited effect on on inflation. i just don't think there was enough there of any and it came any real substance. and it came across as yet another across to me as yet another cleverly focussed group, triangulated with zero triangulated speech with zero bottom zero impact and zero effect on people's lives. you're going to have to get off that that fence. pass me a letter. >> was going to say i'm >> i was going to say i'm interested in that. you think that have a chance in that they might have a chance in the in the by—election in scotland, conservatives the in the by—election in scodeposit. conservatives his deposit. >> yes, but thi

. known, andrew out to lunch. baileyg lunch, believe me , but long lunch, believe me, but because he's like macavity when there was a crisis, he's not there was a crisis, he's not there . he's out to lunch. even there. he's out to lunch. even he says our financial services sector is better with brexit. it the opportunities that were offered to us have not been taken. so let's be clear . the taken. so let's be clear. the conservative party is no longer in any way, shape or form the brexit party . we in reform are brexit party. we in reform are taking back the word brexit and we will champion it and the benefits that it can bring to people in this country. it's ours. once again . and the other ours. once again. and the other the other extraordinary thing in the other extraordinary thing in the conference, do you remember a week before the conference suella braverman goes to new york and gives this big defiant speech and talks about the echr and how we might consider we might just possibly consider at some point, maybe if a

it's entirely down to andrew bailey and the monetary policy committee of the bank of england do what to do what they can stand up to. >> the striking unions he stand up to. >> 'cut striking unions he stand up to. >> 'cut spending.1ions he stand up to. >> 'cut spending. that's he can cut spending. that's certainly two levers. >> well >> cutting spending. well cutting spending will have at this limited effect this time a very limited effect on on inflation. i just don't think there was enough there of on on inflation. i just don't thin real>re was enough there of on on inflation. i just don't thin real substance. ugh there of on on inflation. i just don't thin real substance. andthere of on on inflation. i just don't thin real substance. and itere of on on inflation. i just don't thin real substance. and it came any real substance. and it came across to as yet another across to me as yet another cleverly focussed group, triangulated with zero triangulated speech with zero bottom zero impact and zero effect on people's lives. you're going to have to get off that that fence. pass me a le

and great fan and i'm not a great fan of andrew bailey actually, andrew bailey said actually, brexitabout, you know, this, this, this this isn't about that broken britain is about our pubuc broken britain is about our public services broken. britain is about the population crisis. we have a population crisis. we haven't got the schools, the hospitals, the houses or the roads to deal with it. and this has not been discussed . it's not has not been discussed. it's not been debated by anybody. and we're going to make some noise and you're going to make sure it sort of the top of everybody's agenda, not just yours. that's agenda, notjust yours. that's the idea. and i think, you know, i've a record of doing i've got a track record of doing those things. >> you certainly have. my goodness, has asked what goodness, natasha has asked what i'd ask nigel i'd like to ask if nigel is a little this sudden little suspicious of this sudden interest in him from the conservative party. they always want when they're in want you. then, when they're in trouble course. trouble of course. >> no, she's abs

and andrew governor of andrew bailey, the governor of the england, sole the bank of england, whose soleillion a year is to control inflation, said inflation is not happening . then inflation is not happening. then it happens. it's transitory , and it happens. it's transitory, and suddenly they start to put up the interest rates at the very moment when we shouldn't be doing have been very doing it. we have been very badly let down by fca when badly let down by the fca when it comes to banking and by the bank england. bank of england. >> kwarteng had the >> kwasi kwasi kwarteng had the governor sights, didn't governor in his sights, didn't he, became chancellor he, when he became chancellor just ago. they just over a year ago. and they all felt went away from that. is he sunak play safe with everything his everything you know, to his credit, he's probably got the best of any prime best intellect of any prime minister for decades. >> i don't think he's a thoroughly decent, nice man. >> a decent man, there's >> he is a decent man, there's no about that. >> he is a decent man, there's no but

much that it's actually one of the big causes of inflation, they won't admit it, andrew failey, i insist on calling him. bailey, not bailey, he printed so much money, it's just incredible, 300 billion in one year to pay for this covid and fiscal deficits, so eventually you see that's come hand to roost and indus rates are bound to go when inflation goes up and now inflation is up and not really under control because people are still trying to catch up because they lost out last year on their wage raises you know less than inflation so they're trying to catch up this year it's not going to go down quickly the bank of england was as usual asleep at the wheel they said inflation would would go to 4.5 you know well outside their target by the way then it went to six then they were forecasting eight then they forecasted 10. i mean the bank of england should be. and the governor, so we got to get used to much higher interest rates, all right, because we've now got levels of debt, the government has borrowed so much that the national debt has gone from you know to over 100% of gdp, companies have borrowed too much, a

that it's actually one of the big causes of inflation, they won't admit it, andrew failey, i insist on calling him failey, not bailey, um, you know, he printed so much money, it's just incredible, 300 billion in one year to pay for all this covid and fiscal deficits, so eventually you see, that's going to come to roost, and interest rates are about to go up when inflation goes up, and now inflation is up. and not really under control because people are still trying to catch up because they lost out last year on their wage raises you know less than inflation so they're trying to catch up this year it's not going to go down quickly the bank of england was as usual a sleep at the wheel they said inflation would would go to 4.5 you know well outside their target by the way and it went to six and they were forecasting eight then they forcasted 10 i mean the bang should be closed as institution you know with its forecasting record um and the governor sat so we got to get used to much higher interest rates, all right, because we've now got record levels of debt, the government has borrowed so much money that the national d

it's 1039 with britain's newsroom on gb news with andrew pierce and pip tomson, who's for in bev turner the old baileyofficer charged with murdering chris kaba will be named for now. >> a judge dismissed concerns about the, quote, real and immediate risk to the officer if his identity was made public. the metropolitan police says the decision is hugely concerning for police officers. >> joining us now is former detective superintendent at the metropolitan police, shabnam chaudhry. good after good morning . rather good to see you morning. rather good to see you on britain's newsroom today . on britain's newsroom today. tell us then your reaction to this ruling . this ruling. >> yeah, i think having spoken to many officers in the last day or so, it's been very, very disappointing for them . this has disappointing for them. this has created mixed views from the pubuc created mixed views from the public and within policing. and it will have huge implications for the policing of firearms officers and also generally for the public, particularly when you look at what's going on globally , the current war tha

> chris philp, robert jenrick, tom tugendhat sarah, simon murray, andrew sharp, and my parliamentary team, james sunderland, sean baileyn mullen, scott mann and byron davies. thank you for your fantastic work . fantastic work. >> i'd also like to thank all the home office civil servants who work flat out to keep this country safe and of course, the greater manchester police and all the officers from around the country who are doing their duty . here >> now, i don't know if you've noticed, but as home secretary, i do occasionally receive a modicum of criticism or sometimes i'm asked if i ever read what my critics say about me. well the answer is yes, i do . i'm made of strong stuff. so i'm prepared to wade through the personal abuse, the wild invective and the wilful misrepresentation , because i misrepresentation, because i believe that all of us should strive for improvement and if we close our ears to anyone who disagrees with us, we're less likely to identify our mistakes. one of the reasons why the conservative party has survived and thrived for so long is because we are not afraid to admit when we get it wrong and

that it's actually one of the big causes of inflation, they won't admit it, andrew failey, i insist on calling him failey, not bailey, he printed so much money, it's just incredible, billion in one year to pay for this covid and fiscal reposits, so eventually you see that's going to come to roost.