dominates it does make it difficulttes7 7 77 7777 but it does make it difficult for the bank of for for the bank of englandation environment that you described earlier is very stagnation environment that you describe when er is very the difficult. when you�*ve got the uncertainty, in difficult. when you�*ve got the unct that ty, in difficult. when you�*ve got the unct that is, in difficult. when you�*ve got the unct that is very hard. difficult. when you�*ve got the bank ( that is very hard. difficult. when you�*ve got the bank of 1at is very hard. difficult. when you�*ve got the bank of england 'y hard. difficult. when you�*ve got the bank of england itselfi. difficult. when you�*ve got the bank of england itself does the bank of england itself does not �* quite how it not know quite how it will react because we iiil 277: the 277: _he very “57777777 the very latest 7777777777777 the very latest on inflation figures thanklation figures thank you. | figures having to do with chips and having to do also with cars we're going to be announcing some very, very big... latest from trump. what speaker ;tors what s

for the monetary policymakers. inflation is going on the right direction for now, it fell to 2.5% the , to , ' todecemberflm ' ' to decemberrand ' 7 to decemberrand 7 is the bank of enland's above the bank of england'shanges in the budget of focus the chancel�*s budget of focus to push inflation to push up inflation further. —— the chancellor's budget. 77.1113 chencettor�*s budget. the in the v-g—flthe chencettor�*s budget. the in the minimum effect 77 effect in 77 effect in april 77 effect in april and 77 effect in april and at the into effect in april'afllj at the employers insurance contributions go up as well. still financial markets have boosted bets uk markets have boosted bets on uk rate cuts this year just rate cuts this year from just two to around three. head of economic at stjames economic research at st james has placed told about the has placed told me about the tricky balancing act the england is facing. we have of england is facing. we have got this growth profile which has been flat, the economy has largely sideways. fist has been flat, the economy has largely - sideways.- ifirxxiiiififé’infiét’iéfiw efirmiit’ififefinfiét’iéfi'i's’ efirméitzih'i'erinflgtionis above and so i think for the bank of

for example, may play out is, i think, going to be a big factor and a big learning by doing, i think, for a lot of central banks, including the bank of england. as soon as we hear from the bank of england, we will let you know here on bbc news. now let's bring you the latest on the trade row that's erupted this week between the us and china. beijing has struck back by filing a complaint with the world trade organization, over what it calls a violation of trade rules. this a day after president trump imposed 10 percent tariffs against china. and the dispute comes as data shows record high imports into the us, pressuring the trade deficit even further. our north america business correspondent, ritika gupta has more. of tariffs, racing to secure foreign—made goods. china ranked as the country with the biggest deficit in goods in december, sending around $25 billion more wto procedures give the us and china 60 days at which point china has the right to request adjudication by a panel of judges. but the final wto panel that settles trade disputes the appointment of newjudges to the body, making it unclear well, a former senior official at the world trade organisation has told the bbc that china's formal complaint over into the us than it purchased. wto procedures give the us and china 60 days to resolve their dispute through consultations, at which point china has the right to request adjudication by a panel of judges. but the final wto panel that settles trade disputes remains unable to function, as the us refuses to approve the appointment of newjudges to the body, making it unclear how effective a remedy it will be. well, a former senior official at the world trade organisation has told the bbc that china's formal complaint over additional us tariffs has very little chance of progressing. tom graham said it would probably take a year before an initial wto decision and then the case would likely then be held up at the appeals stage as the us had blocked advantage that china — you know, from the way the us and china. to speak to president xi. the thinking was they would have a phone conversation this week. tariffs on mexico and canada. so what do you think might happen with china next? and they will stay in place for while. a couple of points. one is that — remember that the 10% on china is far less than trump talked about during the election, trump, more broadly, is trying to employ the tariffs are part of the stick, as well as investments in artificial intelligence. at the inauguration. so what do you think might happen with china next? i think what's going to happen is the tariffs are in place, and they will stay in place for quite a while. a couple of points. one is that — remember that the 10% on china is far less than trump talked about during the election, so there's a signal there. trump, more broadly, is trying to employ a carrot—and—stick approach to china. the tariffs are part of the stick, as well as investments in artificial intelligence. there are a variety of carrots, though, too. there's — you know, they got favoured treatment at the inauguration. trump continues to speak warmly and in conciliatory tones about china. so they are trying to bring china along a little bit, but it shou

of the labour party. you've got the chancellor, rachel, from accounts, which is, i don't know. >> who's got an economics degree, worked for the bank of england and worked for a retail bank, run a business. i mean, this is the thing we should. we should have business people. >> this week. michael o'leary was calling her rachel. rubbish. >> when you say we should have business people, you mean we should either only have. you know, elon musks, who are the big business billionaires? or are you saying we should only have small business owners and anyone that's worked senior in a business doesn't account? we have lots of people who have worked in senior positions in companies and have made senior budgeting decisions. yes, they might not have owned the company, but public limited companies are owned by millions of shareholders. so i don't quite understand what your point is, emma. >> well, they're just management accountants, aren't they? wes streeting on the nhs talking about reform. rachel reeves talking about growth. keir starmer talking about smashing the small boats. we're not idiots. you can't just say things again and again. you can't just announce things without. >> ar

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food and energy is much higher and that is well away from the —: of england 's and bank of england 's target and so for the bank of england 7 is so forngland . is dilemma, do there is this dilemma, do they support or do keep rates hiher? because interest rates higher? because of inflation still being efihjletii�*h “1155“? hia'i " recently they more recently they have signalled willingness to signalled that willingness to support growth despite the but is far inflation risks but it is far from clear. beyond this meeting is lot of uncertainty there is a lot of uncertainty exactly how things such as tariffs for example may play out, i think it will be a big ”flashy”??? 7 and a big learning 77 7 and a big learning by factor and a big learning by doing �*a lot of doing for a lot of central including the bank of banks including the bank of england. the government is to do all england. the government is - to do all it _ england. the government is -to do allit.to- trying to do all it can to boost growth. the chancellor reeves is not on rachel reeves is not moving on her, what was in the budget and will come effect april lotof despite a lot o

bank of england for a decade, when in fact it was. well, it wasn't even six years, it was five. i mean, that's exaggeration, isn't it? >> well, i worked at the bank of england for six years. between 2000 and 2006. i was employed by the bankngland, including i spent just over a year at the british embassy. >> why did you say it was a decade? >> well, i think you're taking, i think, one. >> now, that profile on linkedin has seen more updates than a tory cabinet reshuffle. talking of tories. conservative leader kemi badenoch was quick to respond. >> keir starmer said that he was bringing in a government of integrity, telling lies and untruths on your cv. expenses fraud, which is what the allegations are, are very serious things and i do think she needs to come out and explain what's going on. >> and if you thought it was all oven >> and if you thought it was all over, think again. in 2015, reeves was among 19 mps who had their official credit card suspended by the parliamentary expenses watchdog suspended by the parliamentary