well, from the bank of encland difference? well, from the bank of england which _ difference? basically _ difference? well, from the bank of england which basically says - difference? well, from the bank of england which basically says they l england which basically says they will not hesitate to increase interest rates, at the same they said they were going to make a full assessment of monetary policy in november. that reduces the probability, but it doesn't distinguish completely. there were going to get an emergency relief pack, will help? i think it will help stabilise in the near term, but steer in �* growth and steer in the outcome of growth and experience to inflation. and if experience to go by weigh... inflation. and if experience to go b weiah. .. ., , inflation. and if experience to go by weigh... - you inflation. and if experience to go by weigh... you oniiiiis inflation. and if experience to go by weigh... you the on liiiis inflation. and if experience to go by weigh... back you the on liiiis inflation. and if experience to go by v being? jack you the oniiiiis inf

whatever the big -- bank of encland there. whatever the big -- bank of england does _ there.s the _ there. whatever the big -- bank of england does the market _ there. whatever the big -- bank of england does the market is - there. whatever the big -- bank of| england does the market is charging the uk higher rates of borrowing. it has hit 5% today, the highest level in two decades. the reason that these further surges in borrowing costs are so important is that they are a barometer of the financial credibility of the government, one that transfers the shock from the markets into the economy and ratchets up the costs of the government passed �*s own plans. it is a message in numbers that the markets are not convinced the government will stick to its plan. the government will face a choice between a u—turn on its tax cuts, massive spending cuts or further market turmoil. andrew bailey and his team at the bank of england will have to look at how much the chancellor will borrow in deciding how high base rates will go. kwasi kwarteng told mps today he was sticking to his plan, de

the bank of encland economy is in recession? the bank of england said — economy is in recession?england said there was a recession i england said there was a recession in that— england said there was a recession in that it _ england said there was a recession in that it was shallow and hopefully we can— in that it was shallow and hopefully we can rebound and grow. no, i said that there _ we can rebound and grow. no, i said that there was technically a recession. we've had two quarters of very little _ recession. we've had two quarters of very little negative growth and i think— very little negative growth and i think these measures are going to help us— think these measures are going to help us drive growth. | think these measures are going to help us drive growth.— help us drive growth. i don't think it's a bleak— help us drive growth. i don't think it's a bleak picture. _ help us drive growth. i don't think it's a bleak picture. if— help us drive growth. i don't think it's a bleak picture. if you - help us drive growth. i don't think it's a bleak picture. if you look i help us

bank of. you want to see from the bank of england this point? the you want to see from the bank of england this point?— england this point? the bank of encland its part, it is making it worse for the bank of england. when the bank of england looks like it will put up interest rates, people should be clear that it is the fault of the conservative government. [30 of the conservative government. do ou of the conservative government. do you think that investors are going to look at these tax cuts and think there are opportunities here, though? because that is what the government is suggesting, that investors will now look at the uk and say, "this is somewhere we could do more business".— do more business". investors are doinu do more business". investors are doin: the do more business". investors are doing the reverse. _ do more business". investors are doing the reverse. that's - do more business". investors are doing the reverse. that's why - do more business". investors are. doing the reverse. that's why they doing the reverse. that�*s why they are selling the pound, they don�*t want to buy the pound, they are not believing that this conserva

bank of england _ matter for the independent bank of england here in britain. the matter for the independent bank of england here in britain.— matter for the independent bank of england here in britain. the bank of enclandin. the bank of england have had _ england here in britain. the bank of england have had to _ england here in britain. the bank of england have had to bail— england here in britain. the bank of england have had to bail out- england here in britain. the bank of england have had to bail out your i england have had to bail out your decisions yesterday. they've had to step in. the international monetary fund have said that they don't think what you've done is a good idea. is it time to reverse what you've done, bearing in mind what you've seen over the last few days? ida. bearing in mind what you've seen over the last few days?— over the last few days? no, it isn't, because _ over the last few days? no, it isn't, because the _ over the last few days? no, it isn't, because the vast - over the last few days? no, it i isn't, because the vast majority over the last few days? no, it - isn't, because the vast majority of the package we announced on friday was the _ the package we announced on fr

we have seen the bank of encland on radio tent. having to _ on radio tent. we have seen the bank of england having to intercede - of england having to intercede because — of england having to intercede because of— of england having to intercede because of the _ of england having to intercede because of the measures - of england having to intercede because of the measures that| of england having to intercede - because of the measures that your government— because of the measures that your government brought _ because of the measures that your government brought in _ because of the measures that your government brought in on - because of the measures that your government brought in on friday. i government brought in on friday. this does— government brought in on friday. this does not— government brought in on friday. this does not normally— government brought in on friday. this does not normally happen. l government brought in on friday. i this does not normally happen. we are this does not normally happen. are working very closely w

the bank of encland's term growth measures. the bank of england's movement _ term growth measures. movement and _ term growth measures. the bank of england's movement and decisionsl england's movement and decisions yesterday, will that have enough impact? it can potentially buy the government some time. it is the view many people take, but it does not solve the confusion in the markets over the direction of uk economic policy. we are seeing the impact it could have on people across the country. mortgage lenders withdrawing 1000 products from the market yesterday as they react to the likelihood they think of an interest rate rise to come. it could have an impact on public services. the chief secretary to the treasury has asked government departments to find efficiency savings. and he also confirms the government has not decided whether it will uplift benefits in line with inflation, something promised by the previous administration's chancellor rishi sunak. consequences for people across the country in different situations. it can be a worrying time. we will be speaking to the chief

bank of england. they are putting out your fire. the bank - with the bank of england. they are putting out your fire. the bank of i putting out your fire. the bank of encland they set interest rates. we have seen difficult markets around the world because of a very difficult international situation we face. 0ur government has taken decisive action. festival on energy bills, which is the biggest part of the package that we have put forward, and i think that was the right thing to do. it is the other decisive _ was the right thing to do. it is the other decisive action _ was the right thing to do. it is the other decisive action that - was the right thing to do. it is the other decisive action that people | other decisive action that people are worried about. it other decisive action that people are worried about.— are worried about. it would have been unconscionable _ are worried about. it would have been unconscionable to - are worried about. it would have been unconscionable to go - are worried about. it would have been unconscionable to go into i are worried about. it would have i been unconscionable to go into this winter facing those energy bills. we h

the bank of encland credit cards other loans. the bank of england is _ credit cards other loans. at all? , ., . all? it underlines the balancing act. the government _ all? it underlines the balancing act. the government targeting | all? it underlines the balancing - act. the government targeting energy prices. the bank of england is using interest rates and looking at the economy more broadly in that sense. we expect more tomorrow from the chancellor on plans to put money backin chancellor on plans to put money back in people's pockets, perhaps by cutting taxes, although possible those tax cuts could have an impact perhaps on higher earners and it might be people who have mortgages who are perhaps struggling more who will be impacted by this announcement today. the bank of england is not an outlier with the us putting interest rates up and the eurozone doing the same. whether it works, it will take time to trickle down through the economy so it will be a case of wait and see. fracking in the uk has been suspended since 2019, following concerns that shale gas extraction can cause