i mean, look, we cbi. cbi talking we just had the cbi. cbi talking about britain being downgraded.so britain's prospects are now downgraded. we're doing the wrong haven't got the wrong thing. we haven't got the right driving us right leadership driving us forward and. we can see this fantastic commercial opportunity coming at the coming down the road at the moment. party are moment. so the green party are pretty anti—business, it's pretty anti —business, it's always pretty anti—business, it's always seemed to me, although they the green they talk about the green revolution in green, they all talk about jobs . every talk about green jobs. every country that's put into place a big move to renewables has seen , yeah, a few jobs on windfarms and things like that , but have and things like that, but have seen mass closures of manufacturing in many other parts, you know, many other sectors going green has cost jobs , going green has cost jobs, going green has cost a fortune to manufacturers so. so you're basically saying that you're basically saying that you're a sort of right wing versi

i mean, look, we cbi. cbi talking we just had the cbi. cbi talking about britain being downgraded.so britain's prospects are now downgraded. we're doing the wrong haven't got the wrong thing. we haven't got the right driving us right leadership driving us forward and. we can see this fantastic commercial opportunity coming at the coming down the road at the moment. party are moment. so the green party are pretty anti—business, it's pretty anti —business, it's always pretty anti—business, it's always seemed to me, although they the green they talk about the green revolution in green, they all talk about jobs . every talk about green jobs. every country that's put into place a big move to renewables has seen , yeah, a few jobs on windfarms and things like that , but have and things like that, but have seen mass closures of manufacturing in many other parts, you know, many other sectors going green has cost jobs , going green has cost jobs, going green has cost a fortune to manufacturers so. so you're basically saying that you're basically saying that you're a sort of right wing versi

the cbi says it's government. cbi says it's likely the country's already in recession, with rocketing inflation, negative growth and falling productivity. the group say a combination stagnation and rising prices is preventing firms from investing the transport secretary, mark harper, says the rmt decision to reject an improved pay is incredibly disappointing and unfair to the public . it was unfair to the public. it was a pay unfair to the public. it was a pay rise of 8% and a guarantee of no compulsory redundancies before april 20, 24. there have been tables , but the uk's been tables, but the uk's biggest rail unions said the deal protect its members and would lead to on safe practises. the strike action is therefore due to go ahead for four days this month . meanwhile, 33,000 this month. meanwhile, 33,000 members of the fire brigade union will vote today if they should walk out following a 5% pay should walk out following a 5% pay offer. the afp says striking is the last resort, but that many, they say a desper

the cbi, who are surveyed.ou accent a little bit christmas cheer in this week as we head towards anyway let's get back to the doom and gloom with former top gear presenter jeremy clarkson being widely criticised , saying that he yes criticised, saying that he yes is correct. dreams of the day that the duchess of sussex is parade through the streets, naked and has excrement thrown at her. when he made those comments in his sudden column expressing what he said was the hatred for the duchess, well , hatred for the duchess, well, even clarkson's own daughter has joined backlash against him. joined the backlash against him. emily on social media emily clarkson on social media that. emily clarkson on social media that . she stands emily clarkson on social media that. she stands against everything her father said while us now as bushell schake, who's a former apprentice candidate, and anti—brexit campaigner. thank you very much for joining us, bushra what do you make of this , just maybe a schoolboy this, just maybe

the question is generally about cbi. the level of. generally about cbi.argue we are underestimating the number. if that is the case, why has another institution come up with another number? , , , ., number? our number is 'ustified on the basis of — number? our number is 'ustified on the basis of taking h number? our number is 'ustified on the basis of taking the _ number? our number isjustified on the basis of taking the inflation - the basis of taking the inflation number, which is what unions are asking for an projecting it forward to next year. that gives you £28 billion, £1000 per household. you inflation numbers are inaccurate and out of date. nobody expects inflation to micro the obr do not expect inflation to be anything like that next year. —— nobody expects inflation to... if you want to be honest with people this morning, your numbers are not completely accurate, are they? i your numbers are not completely accurate, are they?— accurate, are they? i completely disauree accurate, are they? i completely disagree with — accurate, are they? i complet

the cbi ready, take action. the cbi forecast the country is already in recession with rocketing inflation negative , growth and inflation negative, growth and failing productivity. the group say stagflation , combination of say stagflation, combination of stagnation and rising is preventing firms from investing . if the labour party win the next election, they'll look at abolishing the house lords. speaking at a conference in leeds today, sir keir starmer is going to promise the biggest ever transfer of power from westminster to the british people if their elected . but people if their elected. but we'll get the details shortly . we'll get the details shortly. we'll bring that speech to you live just after 10 am. and england are through to the world cup quarter finals. they're going to face off against defending champions france on saturday. last night, the three hons saturday. last night, the three lions comfortably beat senegal three nil in qatar. jordan captain harry kane and the coast guard all scored . howe

the cbi says it's government. likely country is already in recession, with rocketing inflation, negative growth and failing productivity . england failing productivity. england will play defending champions france in the world cup quarter on saturday. it's after the three lions comfortably beat senegal three nil last night in qatar . jordan henderson, captain qatar. jordan henderson, captain harry kane and bukayo saka all. however england forward raheem sterling wasn't out the game. the 27 year old has flown back to the uk after armed intruder broke into his home while his family inside. the manager, gareth southgate says family is the most important thing and didn't say whether the chelsea winger will return to the squad for saturday's game. we're on your tv online dab+ radio. you're up to date on . gb news. good morning . it is 1039. this good morning. it is 1039. this is tennis today on gb news. now the business secretary grant shapps has announced a review into tackling late payments for small businesses. he's

i if the cbi are banging the drum now it's big big businesses. well like the hospitality industry . hospitality industry. how grave are those concerns, karen so we're a very serious situation at the moment . got situation at the moment. got stagflation , which is not just stagflation, which is not just growth, but we're probably in a recession combined . inflation at recession combined. inflation at over 10. we know it historically how to try to deal with inflation . we know historically inflation. we know historically how try to deal with a recession , but to try to deal with both of them at the time is a huge, huge challenge . and combined huge challenge. and combined with that, we have a winter now it's one problem after another this dry break almost every day leading up to christmas . the leading up to christmas. the problem with strikes is not only are they disruptive to everybody to consume as to working people, they disrupt businesses, the hospitality industry . december hospitality industry. december is disproportionately the most important month in whole year by far the bui

their by the think tank cbi.is that a middle earning couple in this country will pay an extra, you know . will pay an extra, you know. it's hard to believe, but up to £10,000 more tax over the course of the next. so families are being absolutely fleeced and we're making our country the least competitive in the whole of europe. it's unbelievable . of europe. it's unbelievable. people are going to portugal. they're going to italy, they're leaving this country. we are making this country literally unkempt repetitive, a place that people won't invest in. they've just got this hopelessly, utterly in every way. so more thoughts to the king's speech and lots and lots of reaction coming in. nicole says good speech. coming in. nicole says good speech . i thought no woke speech. i thought no woke comments , which was also good . comments, which was also good. you're right, nicole. no woke comments, but outright praise for sectors that are going on strike . and that's perhaps strike. and that's perhaps wasn't very wise. ano

their by the think tank cbi.is that a middle earning couple in this country will pay an extra, you know . will pay an extra, you know. it's hard to believe, but up to £10,000 more tax over the course of the next. so families are being absolutely fleeced and we're making our country the least competitive in the whole of europe. it's unbelievable . of europe. it's unbelievable. people are going to portugal. they're going to italy, they're leaving this country. we are making this country literally unkempt repetitive, a place that people won't invest in. they've just got this hopelessly, utterly in every way. so more thoughts to the king's speech and lots and lots of reaction coming in. nicole says good speech. coming in. nicole says good speech . i thought no woke speech. i thought no woke comments , which was also good . comments, which was also good. you're right, nicole. no woke comments, but outright praise for sectors that are going on strike . and that's perhaps strike. and that's perhaps wasn't very wise. ano

there's the timing groups in certain and for example, a former colony of the netherlands. cbi would have much rather had it on july 1st 2023, which marks a 150 years of the abolition of slavery there. oh, the way it's presented. no, we don't accept the apology. first, we're going to evaluate the disgusted eternally. and then give advice to the surname is government. if they must accept the apologies where to accept and wet, rather than theirs, what happens after the apology? the dutch government says it will dedicate around 210000000 u. s. dollars to raise awareness about the history of slavery here in the netherlands, and another $28000000.00 to build a slavery museum. because of advocacy groups. welcome the idea. but they say it is also time to have a conversation about reparations street, from my understanding does not include direct on payments to descendants who are, have were families or ancestors were enslaved. i think that's still questions that are being that are being asked and not yet will the answer. after all, the sleep treat funded the so called golden age and the netherlan

realized inflation which is what you were saying with lagging indicators like the cbi.double digits in most of europe. in the u.s. it is well above the 2% target. but see tran expectations are around 2%, even one year forward. the fed has been effective convincing the market that they have this and they will dramatically reduce inflation and a disconnect between future data. i think it is a question of whether investors believe the fed has got this, whether the policy rate hikes will be effective. the market is pricing in inflation to fall dramatically. caroline: i feel like i've said all of those words, volatility, inflation, what about hedging, how popular is it trending to be? nancy: i've all is long interest volatility. interest rate ball has been performing well in 2022. it's one of the few pockets of things that are trending up because inflation expectations have been falling all year even though it is that a 40 year down. the inverse yield curve is even lower than it was in the late 80's. i do think interest rate volatility will continue to be well bid as the fed

those are the big days, cbi, fed, bank of england, ecb. you want to pay attention to what is happening in the u.k. retail space. starting to see a significant ramp up in companies going toward solvency. asos is down by 6.84%. it is looking at switching up its finance team to include restructuring specialists so that it can survive and weather the storm. others are not doing as well right now. the pressure on u.k. retail unreal right now. alix: 100%. here in the u.s. it is a similar macro backdrop. 100 amps flipped into negative territory. not seeing a ton of volume and the cpi over the next few days. the bti outperforming brand. we don't have any details as to win that is going to kick back up. the leak has been stopped so we don't know when it is going to restart. yields, 434 is where we sit. this is an active trading week. where is the asymmetrical risk? who is going to be more hawkish, where do you see those reflected? how do you deal with options, etc.? guy: i joke but i think this is the scenario right now, and economic forecast you n

lovely maria that the founder of cobra bear, also vice the cbi, political also vice of the cbi, political commentator and lib dem spin doctor fell . so i'll get doctorjoe fell. so i'll get your views coming in. ladies and gents, gbnews.uk few people gents, dbs gbnews.uk few people might the pub might need to go to the pub after that debate but the after that debate to be but the british and pub association british beer and pub association says 80% of pubs in the uk says over 80% of pubs in the uk are looking to ring the bell for last than usual every last earlier than usual every single night as they face a cost of living crisis head on. the survey also suggests that 85% are thinking of closing altogether for one or two days a week. energy bills are one of the biggest concerns. if bills rising from 2000 to 8000 per month. but there's also still problems recruiting. staff apparently andy jones is owner of jones and sons, and andy says so very much. andy, great to have you on the show. so what's going on this year? you're having to ring the bell for lost orders earlier than expected. it's s

the cbi are impending recession.ll put us way our european competitors with taxing far too much. there's no way we're going to grow our way out of this. but if you paid a high tax but you got fantastic public services knew when you call the police they're going to be when an ambulance or children an ambulance or your children are best are going to have best education. wouldn't mind. education. you wouldn't mind. surely stimulus . i surely there's no stimulus. i fear for the next two years we'll start from a huge negative aren't we? i mean, who would have thought all that we spent up the wall, would you covid we've to pay it back some we've got to pay it back some words from somewhere. words will come from somewhere. well, know, well, exactly. look you know, we've got ourselves well, exactly. look you know, we'v unbelievable ot ourselves well, exactly. look you know, we'vunbelievable debtrselves well, exactly. look you know, we'vunbelievable debt bylves into unbelievable debt by locking everyone and paying locking eve

the cbi are impending recession.ll put us way our european competitors with taxing far too much. there's no way we're going to grow our way out of this. but if you paid a high tax but you got fantastic public services knew when you call the police they're going to be when an ambulance or children an ambulance or your children are best are going to have best education. wouldn't mind. education. you wouldn't mind. surely stimulus . i surely there's no stimulus. i fear for the next two years we'll start from a huge negative aren't we? i mean, who would have thought all that we spent up the wall, would you covid we've to pay it back some we've got to pay it back some words from somewhere. words will come from somewhere. well, know, well, exactly. look you know, we've got ourselves well, exactly. look you know, we'v unbelievable ot ourselves well, exactly. look you know, we'vunbelievable debtrselves well, exactly. look you know, we'vunbelievable debt bylves into unbelievable debt by locking everyone and paying locking eve

interesting when you hit the likes of the cbi coming out and warning about the need for a growth land in the u.k. the 10 year, they move around for basis points. and brent, $85 a barrel, up 0.4%. multiple different crosswinds for oil, given opec-plus holding. and then the news around the price cap and tying into that, china reopening. let's have a look at chinese assets on the back of some of the measures put in place in the last couple of days. the csi 300 up about 10% in the last 30 days or so. year-to-date still lower, but today the session gaining, up 2%. hang seng gaining 4%. this benchmark is up around 50% in the last month. 4,237 is what you're seeing on hstech, just up over 9%. the dollar gaining on the -- yuan. francine: let's dig deeper into some of the sectors. a lot is happening in technology stocks. i feel bad for wearing a red suit because it is permeating. industrial staples, health care on the downside. they are not huge losses, down 0.2%. snp down 0.1%. -- s and p down 0.1%. you have the u.s. jobs number which could reprice or have an effect on what the fed does. in t

but from 3.6% to 5, say the cbi.st peak in unemployment decades. so you know, it really is swings around about and inflation. there is good news inflation. there is good news inflation the cost of living. the is saying whereas inflation 11.1% this year then it's to go down to 6.5% next year. so again it's not great. these are tough economic times. all gb news viewers and listeners can feel it . everyone in the newsroom it. everyone in the newsroom here in gb news can feel it. but according to the cbi, these forecasts are brighter , less forecasts are brighter, less worrying than the obvious forecasts that came out at the time of that autumn statement last month. i put a positive gloss on. you have to guess how we compare on the international stage because i quite often get mps to go or people from various different groups saying to me, oh look, you know, we're all one of the lowest in the g20, whatever. and i always wonder, well, how are we doing compared to our international we're middle of the pack now in terms of

that says sir keir starmer cannot be newfound friend of big business as he tried to proclaim at the cbiently and remain neutral on industrial action, be it in the private , the public sector. the private, the public sector. absolutely. and we know that keir starmer treading a very, very here he very tricky line here because he does to seem like the does want to seem like the sort of blairite open to business where the competent party one but also of course his is beholden to the unions so he can't too far against unions. of course he's got angela rayner his deputy side of the his deputy at his side of the room. no friend of no, room. no friend of labour. no, exactly. well yeah. and angela rayner saying , saying rayner is sort of saying, saying that strikes are doing good that the strikes are doing good job, which isn't the sort of language which is particularly helpful to keir but you helpful to keir starmer, but you might that would help rishi sunak's out when it comes down to it, polling just sort of to it, the polling just sort of suggests that people at suggests that people look at

the cbi reshapes what right. the cbi reshapes what through moaning. but they do want to attack their friends most of them and actually more conservative leading . and they hope mr. sunak leading. and they hope mr. sunak will be a much better prime minister, that his two predecessor faces . but i think predecessor faces. but i think one is a labour government and i all, all bets will be off and i think you'll find business reshapes. of course the daily the sun blaming keir starmer as prime minister when prices go off and people can't travel , off and people can't travel, suddenly people will say, oh , suddenly people will say, oh, brexit will happen year ten years ago, different decade and britain will move. but this is where keir starmer now i don't, i don't wish to be rude but perhaps is ever so slightly dupuchous perhaps is ever so slightly duplicitous because all remember keir starmer, or at least of us will remember most of our viewers , i'm sure will remember viewers, i'm sure will remember that he was very much a champion of a second referendum.

lisa: are you really talking about the drumbeat to ppi, but to cbi.n a truly exhausting year -- but to cpi. this is been a truly exhausting year. jonathan: say a big dip and then we rip. lisa: do you buy it? jonathan: is not for me to buy but a lot of people are selling it. kailey: -- lisa: you can understand that people think we are going to get the earnings and then the fed will stop hiking and everything will go back to normal. i think transitory never died and we are going back to an inflationary feel. jonathan: if inflation goes down and leadership back to tack. lisa: freya beamish was saying the same thing and i said how much pressure do you get being gloomy. jonathan: decade of qe and low interest rates and all we get is a 20% and we move on with life. you blow up a massive chapter of economic history and the price of that is 20% on the s&p. is that what we have been told? lisa: jeremy stein who was formerly on the board at the fed he came out and said it is so amazing that the fed was able to disinflation an asset bubble without causing a fina

the cbi say inflation is the number one concern for businesses.you? is it in terms of food costs, energy bills? where are you seeing the biggest impact? i costs, energy bills? where are you seeing the biggest impact?- seeing the biggest impact? i think the enert seeing the biggest impact? i think the energy bills — seeing the biggest impact? i think the energy bills is _ seeing the biggest impact? i think the energy bills is huge. _ seeing the biggest impact? i think the energy bills is huge. that - seeing the biggest impact? i think the energy bills is huge. that has| the energy bills is huge. that has tripled so that is a huge monthly issue and it is ongoing. the food, obviously it is the staples that have really gone up in price. your butter, eggs, milk, all these basic staples that we need in hospitality to the you know, provide what we provide. all those things have gone up provide. all those things have gone up quite dramatically. compared to other things that perhaps haven't, salads and things like that but the staples really, really have g

. >> and then, just minutes before travis's release, a call from the cbi. >> we have a hit. >> wow. > called detective -- in tears. we did it, he's charge, he's in jail, he's not getting out. >> i was relieved that now he is going to be in jail and now he can't hurt anybody and now i don't have to be searching for him. >> where travis's arrest also traveled quickly to kenia's family. >> i was shocked. i knew he would eventually hang himself. but i didn't think he would go out and tried to murder. and i was shocked, we were shocked. >> yeah. >> but they still didn't know what happened to kenya. quickly, the league family called a news conference and delivered a message to travis forbes. >> anybody is going to relay any message him to him -- tell him, or if you guys talk to him, tell him we got just one question. where is kenya? that's it. >> but travis was not talking anymore. so, lee offered a radical idea. >> i called assistant da lombardi and said, make a deal. >> you wanted a deal? >> yeah, i don't care what it is. you can take it down to manslaughter. i didn't care. just make a de

the uk's biggest business group , the cbi, has business group, the cbi, has forecast the country's alreadylation. the combination of stagnation and rising prices is preventing firms from investing . five firms from investing. five fighters start voting today on whether to strike . 33,000 whether to strike. 33,000 members of the fire brigades union will decide if they should walk out of the being given a 5% pay walk out of the being given a 5% pay offer. they say that's derisory. union bosses say people are desperate. some are struggling to afford to live and after the excitement of england's win last night, it is the turn of brazil in the last 16 of the world cup, later named paul could return from an ankle injury as the brazilians face south korea and japan hope to continue their giant killing form when they take on 2018. runners up. croatia . adrian in runners up. croatia. adrian in telford has been in touch following adrian says the way fireman's shifts are arranged of firefighters. we should say that the weather shifts to arrange it so they only work half the hours they're paid for spe

like so many congregations, cbi strives to be a house of prayer for all people. at the same time i also value security. the small congregation i was rabbi, tech support and gatekeeper. when a member asked if i knew the person at the door, i was distracted, but i still did a visual inspection and after a brief word he appeared to be who he said he was. a guy who spent the night outside and 40 degree weather. and after talking with him more, the story added up. of course, i was wrong, i was so wrong. i share this because despite all the plans and funding and courses, i still opened the door. but because of all the plans and funding and courses and dozens of small things that just happened to go right, to go our way, we were able to escape. no one should fear gathering or praying. or celebrate or mourn or connect in their spiritual home. no one should experience such hatred and violence, no one should experience anything remotely like what i had. in 1947, perhaps the leading rabbi at that time, rabbi stephen told the senate labor committee the equality of opportunit

i think even the cbi has talked about the cost of business of brexit and i think if you're a scottishmain. i think it does hurt to be told that is costing you money to be outside the european union and especially when you have a party you can vote for that would promise to take you back or at least try to take you back into europe. that there's europe. interesting that there's no and hell's no there's not a cat and hell's chance scotland as an chance of scotland as an independent joining independent country joining the european were not european union of spain were not the themes immediately for the major themes immediately for each because each other. and because of catalonia you didn't have the situation was salesa with brittany with over europe, brittany with all over europe, there's absolute there's people with absolute veto that. so i don't actually weep for nicolas weep sometimes for nicolas i know some may allow themselves a brief moment gloating, but brief moment of gloating, but i mean, she's a dreadful mean, she's in a dreadful position i think got position and i think we've

affordable housing is critical because without it you lose workers from where they cannot live and so the cbinvesting £11.5 billion to build more affordable homes and before the pandemic it reach the highest rate of house—building in 30 years and i appreciate you saying the government needs to do more, but do you accept it is doing something? you have to careful figures announced by that because it's about natural homes where people can put their key and the door and it's a secure home for as long as they need it and that's what we are keen to see but the key thing about the affordable housing is that these are desperately needed and the further you get behind, the further you need to catch up on this does require some investment by government because it's not on the private market and this shows that it's better value for money in the long run. better value for money in the long run, ,, . . , , better value for money in the long run. ,, . . , , ., , better value for money in the long run. ,, .. ,, ., , ., run. successive governments have built u- run. successive governments have built up mr