joining me is kallum pickering, chief economist at peel hunt. of borrowing right now. lots of people reading into any sort of rhetoric, any language from the bank of england about which weight rates are headed. this feels like a significant announcement, albeit in an interview. announcement, albeit in an interview— announcement, albeit in an interview. ., ., ., interview. we look for a tone chan . e interview. we look for a tone change before _ interview. we look for a tone change before they - interview. we look for a tone change before they change i change before they change behaviour. we were the markets are expecting bank of england to cut interest rates in november, in the context of that meeting, this is not a real surprise. that meeting, this is not a realsurprise. but that meeting, this is not a real surprise. but it is what happens in december had of this week the markets had not expected bank of england would cut rates in december but this sends a signal that if inflation comes down, that may be meeting on the table for a lowering of i

joining me now is kallum pickering, chief economist at peel hunt. lovely to have you with us.ere so were they too rigid in the first?— too rigid in the first? they didn't focus _ too rigid in the first? they didn't focus the _ too rigid in the first? they l didn't focus the government too rigid in the first? they - didn't focus the government in the right direction. i'm a fan of changing these rules. the point of fiscal sustainability, the government is not a household, it's to put the economy on sustainable growth, and focusing narrowly on debt doesn't do that. shifting focus to investment like these rules do actually point to the government in the right direction when it comes to fiscal choices.— direction when it comes to fiscal choices. for many of us listening. _ fiscal choices. for many of us listening, we _ fiscal choices. for many of us listening, we would _ fiscal choices. for many of us listening, we would say, - fiscal choices. for many of us | listening, we would say, well, i'd like to redefine my debt. what do we mean by changing the definition of debt? it won't g