and liam , editor liam halligan and liam, how much trust can we place in these individual months by month figures? well, monthly figures are subject to huge revision and also it's a good story that gdp went up a little bit in october, but i'm afraid it's a bit of a statistical hoax in the sense that no one's doing anything wrong at the office for national statistics, it's just in september because of her majesty's unfortunate death and the funeral and a number of unplanned, irregular bank holidays, if you like, one off bank holidays. of course, rightly granted by the government because of the tragedy of queen elizabeth, the second dying. that meant that gdp, all economic activity , was gdp, all economic activity, was artificially lower in september , which means it just went back to where it was. there's a bit of a bounce back effect rather than anything. it was a bounce back effect. the biggest story time, i'm is that time, i'm afraid, is that august, october , august, september, october, those three months compared to the month period in the same three month period in 2021, the ec

so this gb news liam halligan.o this gb news economic special will be looking at 2022 and forward to 2023. these tough economic times. but there are plenty opportunities to the uk economy expanded by about three and a half% in 2022 and we're set to contract out in 2023. what does all this mean for you and your family .7 stay for you and your family? stay with us. this is liam halligan and you're on the money . yes, and you're on the money. yes, indeed. and you're on the money. yes, indeed . these are difficult indeed. these are difficult economic times. the newspapers , economic times. the newspapers, television and radio full of economic news strikes , interest economic news strikes, interest rates, but also investment, too, in uk economy. so what does it mean for us all? well, i'm delighted to join a fantastic panel delighted to join a fantastic panel. dr. gerard lyons, you are the chief economic strategy at that. well, thanks so for joining us. what do you make of the fact that the uk is still set to be the fast

but for now, liam halligan, thank you for joining us. and course, stick with us us. and of course, stick with us here where liam will here on gb news, where liam will be analysing this throughout be analysing this all throughout the day. now, inflation strikes and crossings crisis and the channel crossings crisis are abating. highest are not abating. the highest taxes on record and barely a cigarette paper between the tories and the labour party on policy . where does that leave policy. where does that leave the polls? well, new research undertaken by the pollsters savanta shows labour on course for a staggering and get this 341 seats majority at the next election . well before i'm joined election. well before i'm joined by the political research director of savanta, let's have a look at his staggering results. savanta found that labour are at 48% in the polls. the conservatives 28, and the lib dems at 11. but crucially, these numbers were run through what's called multilevel regression and post stratification analysis translating those percentages into the number of

liam, thank you very halligan. now very much. liam halligan.t i'm business editor. okay. no editor. right. okay. we've no got long left to rattle through a of big ones. she said a couple of big ones. she said the be set to the government could be set to rely hundreds armed forces rely on hundreds of armed forces personnel in for border personnel to stand in for border force at airports during. eight days of strikes the days of strikes over, the festive potentially festive period and potentially to drivers to cover ambulance drivers as well fighters as well . well and fire fighters as well. speaking secretary speaking earlier, home secretary said government outlined the government response minimise disruption for the public. what we have been preparing for prospects of border force strikes for some time now. we've got plans in place that will involve to a degree bringing in some of our military colleagues to help us in a variety of roles . and we want to ultimately you know, i'm not willing to compromise on security at the border well , i compro

plus liam halligan , purpose. plus liam halligan, amy, and peace with lots, amy, nicole and peace with lots, lots more. all coming up after a look the latest news . a very look at the latest news. a very good morning, woman. it passed ten on rosie wright. let's get you up to date . if the labour you up to date. if the labour party win the next general election, they'll look at abolishing the house of lords, calling system calling the current system indefensible. sir keir starmer will very shortly today set out his blueprint for a new britain, promising the biggest ever transfer of power from westminster to nations and regions . if his party are regions. if his party are elected . pledging to provide elected. pledging to provide political and economic devolution at a joint conference in leeds today. sir keir starmer and the former prime minister gordon brown will promise to overhaul the way britain's governed. we're expecting that speech to start shortly. speech to start very shortly. we'll that announcement to we'

liam halligan is discuss. now.io , which always in the studio, which always makes me nervous because i just feel, liam, that you're going to come in with. bad news about the economy but then i read that retail sales are up this is good news. if the last thing i want to do is you nervous, please forgive my what i like about you. liam is the obvious. i have noidea you. liam is the obvious. i have no idea what i'm talking about. when you come in the studio, normally i to disguise it quite well. but you luckily are the expert. what's well, expert. what's happening? well, it's explain these it's my job to explain these complex economic and business issues. and you'll read in the newspapers and you'll see on the internet that retail sales are up november. indeed, that's up in november. indeed, that's the number. they're 4.2% higher in november compared to november 2021. the similar figure in october was just 1.6% higher. so think if you look at those numbers that retail sales are now accelerate rating, who says that the

let's speak now to business and economics editor liam halligan with the money.because you were on money, it's as you predicted yesterday, a% increase. yeah, we've been saying this for quite a few weeks, actually. the bank of england has raised interest rates to 3.5, up from 3. it's the ninth interest rate rise this year . the ninth interest rate rise this year. back at the start of this year. back at the start of this year, this base rate, the bank of england uses this rate to lend to the commercial. it's the lowest interest rate in the economy . was 0.5% not that long economy. was 0.5% not that long ago that long ago. so this is a huge increase in interest rates over a period of time and proportionate . their interest proportionate. their interest rates are still rather low by historic terms . there's a historic terms. there's a graphic there. you can see back in 2017, rates were low in the aftermath of the global financial crisis. they were nudging up and up. then had the pandemic there in 2020 and rates went down for those levels, down to a quarter of, went d

our very own economics editor, liam halligan will be here to break them down for us. who are the winners and who are the losers.7 that's all coming up after a look at the latest news with tamzin . bev. latest news with tamzin. bev. thank you. good morning. it's 10:01 and here's the latest from the gb newsroom. dozens of nhs traffic control centres are now operating across england to ease pressures on the health system. more than 40 so—called winter war rooms have been established to help find beds faster for patients . staff will use data to patients. staff will use data to divert ambulances away from hospitals at capacity to ones with more available space. the plan comes after ambulance workers voted in favour of industrial action. nhs staff will also walk out this month over a pay dispute . shadow over a pay dispute. shadow commons leader thangam debbonaire blamed the winter of discontent on the government for failing to take part in negotiations in 2013. years of a labour between 1997 and 2010, there were no strikes in the nhs. why why were there no strike? we have

liam halligan studio with on the money. liam me . liam halligan which means me.due to have . great to be with due to have. great to be with you. this is big surprise, isn't it? because do we have black friday? wasn't supposed to start sales. it is a bit of a surprise because lots of people have been talking anecdotal about households stocking up for christmas knowing that food pnces christmas knowing that food prices are rising. so get your stuff in early. obviously not your turkey, but you can get in the non fresh food in early and in november that did increase food sales. food sales, they are by almost 1. but as you say , by almost 1. but as you say, retail sales were down. and you know, andrew, this is first covid free christmas us for three years, but it does feel as if there's a bit of a downer, not just because of the train strikes and the other industrial action. the fact postal strikes have messed with everybody's christmas card writing schedules and all the rest of it. but just because we are in the middle of a of living squeeze, a serious of living sque

liam halligan, i don't need. liam halligan, i don't trust him at all. why don't i trust him at all. his plan? well some growth. his plan is to try and keep the economy on track. and you've picked out a little bit of news there, bev, between september and october, the economy did expand from one month to the next. but i'm afraid i don't rain on your parade or snow on your parade . parade or snow on your parade. that was largely because in september , with the death of her september, with the death of her majesty , we had a couple of majesty, we had a couple of extra bank holidays . rightly so, extra bank holidays. rightly so, the nation was that not a lot of economic activity out during september. so you got a little bounce back in october. i'm afraid the bigger picture is that august , september, october, that august, september, october, that august, september, october, that quarter, what we call three month period, a quarter the economy contracted by 0.3. it got small and it looks as if it's going to get smaller. november january as well . and if november january as well. and if we

i couldn't move paparazzi outside earlier on liam halligan. who is this ? you. liam halligan.all my. i'm not worthy to share the same name , but i don't share the same name, but i don't take his top off because i find a chest earlier. but anyway, the of england has raised interest rates to a 14 year high the base rates to a 14 year high the base rate up to 3.5. this is the ninth time this year and it will heavily impact homeowners and businesses across the uk in coming months. our business and economics editor liam halligan is with me in the studio right. with all the money . taken late with all the money. taken late at midday patrick, the bank of england raised interest, as you say, for the ninth time this year. say, for the ninth time this year . let's have say, for the ninth time this year. let's have a say, for the ninth time this year . let's have a look at the year. let's have a look at the graphic interest rates, which is 0.25% at the beginning of this year. 0.25% at the beginning of this year . and if we can see the year. and if we can see the graph there, they went up

help me liam halligan. help me understand again. what's going on?tor but you're also a bit of a specialist when it comes the specialist when it comes to the housing market, aren't you? it's been said. yes, has been housing market, aren't you? it's beenyour. yes, has been housing market, aren't you? it's beenyour. yes,but has been housing market, aren't you? it's beenyour. yes,but you'veeen housing market, aren't you? it's beenyour. yes,but you've at said your your but you've at least one book on this topic haven't you. what's going haven't you. so what's going wrong are we not going wrong here. why are we not going to get the that we so to get the houses that we so desperately. it's it's long desperately. it's a it's long standing problem . there's a lack standing problem. there's a lack of permission in a lot of planning, permission in a lot of planning, permission in a lot of the planning permissions that aren't are given on used aren't given are given on used so—called phantom homes because big developers don't want to use them they want to sit o

all of that and liam halligan. all of that and liam halligan. all of that and more coming up. but first update in latest news on tatiana sanchez. update in latest news on tatiana sanchez . neal thank you. this is sanchez. neal thank you. this is the latest from the gb newsroom. at least three people have been killed in explosion on the island of jersey . the blast island of jersey. the blast happened at a block of flats in the early hours of the morning in st helier as feared the number casualties could still climb with around a dozen people thought to be missing. chief fire officer paul brown says the search rescue operation could take days . it search rescue operation could take days. it is a total collapse and so the primary is that one. it is dangerous operate in and around the area. but second, early , anything that but second, early, anything that we do or don't in the wrong way might then jeopardise the chances of survival for somebody who might yet be able to be, you know, sort of rescued. so we to do everything in a slow , do everything in a slow, methodical way and w

all of that and liam halligan. all of that and liam halligan. all of that and more coming up. but first update in latest news on tatiana sanchez. update in latest news on tatiana sanchez . neal thank you. this is sanchez. neal thank you. this is the latest from the gb newsroom. at least three people have been killed in explosion on the island of jersey . the blast island of jersey. the blast happened at a block of flats in the early hours of the morning in st helier as feared the number casualties could still climb with around a dozen people thought to be missing. chief fire officer paul brown says the search rescue operation could take days . it search rescue operation could take days. it is a total collapse and so the primary is that one. it is dangerous operate in and around the area. but second, early , anything that but second, early, anything that we do or don't in the wrong way might then jeopardise the chances of survival for somebody who might yet be able to be, you know, sort of rescued. so we to do everything in a slow , do everything in a slow, methodical way and w

liam halligan, our economics and business editor.hel rees to get the image of rachel rees sniffed a lot of people in sniffed by a lot of people in the boardroom of my head. the boardroom out of my head. but you much on the but thank you very much on the last christys general last patrick christys general gb news. come. thousands news. still to come. thousands of have for of striking workers have for a rally parliament square rally in parliament square today. we'll bring you the latest all that. and you latest from all of that. and you also to hear from you, also want to hear from you, gbviews@gbnews.uk. a we're gbviews@gbnews.uk. a theme we're going to be returning to throughout about throughout the show about whether ungodly whether you think it's ungodly to that such to deport people that such a discussion lords discussion the house of lords earlier. the archbishop up again didn't and as well the harry didn't say and as well the harry and meghan fallout. did you watch didn't bother. watch it? i didn't bother. latest headlines is co

liam halligan again, halligan joins us. yes, again, with money . earlier we're with on the money.gures. but let's just maybe just pull up to one side for now, because i want to talk to you a little bit about the strike. so we were talking about that before we got cut off. take away. so it cut off. so take it away. so it strikes, pun intended, that strikes, no pun intended, that definitely a battle for hearts and minds going on here. think and minds going on here. i think the conservative party is calculating that public patience will end or certainly severely dented and tested the coming weeks . i think their banking weeks. i think their banking that a lot of voters will think the timing of these strikes while people backed people's you know the labour's right to withdraw order to protect their conditions. of course alternative is the victorian workhouse right. i think the tories are hoping that voters sort of middle england, if you like, will think to do this at christmas, particularly when we've had two covid blighted christmas , the first christmas christmas, the first christma

liam halligan you very liam halligan thank you very much. a way, actually. sorry, much.that it's a well, it's business that it's a well, it's a relatively good news , but it's a relatively good news, but a real news story nonetheless. thank you very much. you are with me, patrick christys on gb news. ministers are news. now ministers are considering allow considering plans to allow migrants held ftx migrants to be held at its ftx migrants to be held at its ftx migrant processing centre for up to four days. you may remember this should remember this, probably should remember this, probably should remember this was the this processing centre was the scene a bit disruption scene of a bit of disruption when a massive overflow when we had a massive overflow of asylum seekers coming through gates out at the ftx processing centre and they were being held for ages. people said for up to the ages. people said this a catastrophe, what? this is a catastrophe, so what? they they're they cleared it. they're supposed to only hold them for 24 but reality is and it 24 hours, but reality

liam, thank you very much. as i have a halliganeconomics business editor economics and business editor with right. we're with on the right. okay. we're moving and talking moving away from now and talking about oh , here it was about oh, here we go. it was just a matter of moments, wasn't it, that to read out the it, that i have to read out the names meghan, happening names and meghan, it's happening all over again. harry and meghan then docu it's then netflix docu series it's been h then netflix docu series it's been it and it been released bits of it and it seems the final three episodes are controversial based are far more controversial based on trailer. oh, i'm on the latest trailer. oh, i'm not to a trailer not going to watch a trailer again by you. let's have a look at a lesson that wasn't being thrown to the wolves. i was being fed to the wolves. they were actively recruiting people , disseminate disinformation . , disseminate disinformation. they're happy to, lie to protect my brother . they were never my brother. they were

let's get more with our business editor liam halligan with on the money . y i mean the government well short of its target on properties but they were facing what some 60 tory mp is rebelling against this government had a housebuilding target of around 300,000 homes a and we've been building a lot less than this. let's have a look at the latest numbers. mark these are the latest official numbers from the oxfordshire national statistics. they that in april 2020 to they show that in april 2020 to march 2021, if we can bring up graphic, the uk built 216,490 new homes that sharply from the year before when it was almost just 240,000 more than in the quarter of a million. that's levelling up. secretary community michael gove has been so gung ho on these housing targets and yet he's just written to tory mps this morning saying that introducing local housebuilding will be quote a starting point a guide that is not mandatory that's the climb down targets will advisory michael continued there is no truly objective way of calculating how many new homes are needed in a

we're here to interpret all the details liam halligan with on the money . me as the money. liam, welcome as even the money. liam, welcome as ever. am i being a bit contrarian by saying 1.4? is that all? some may have expected maybe have gone down a bit more . it's the most serious month on month fall in house prices since june 2020, which was, of course , heart of lockdown. but prices, of course, are still up on the yeah of course, are still up on the year. so in november house prices, according to the nationwide various sources of survey, were 4.4% higher than in november 2021. and the reason we've seen a drop in november compared to last month, compared to october is because credit's becoming more it's harder to get a mortgage . and if you get a mortgage. and if you get a mortgage you've got to pay more to service that debt for a particular amount of money on average mark. a mortgage would have cost you taking out a mortgage 3.7% interest in january 2022. in november, the average the different ranges and conditions was 5.4, which is much, much . and in par

well, joining me is liam halligan gb news is economics editor. i mean, there we are. director of the boss of uk steel costs director of the boss of uk steel cost s £600 a tonne. you sell it costs £600 a tonne. you sell it for £600 a tonne. yes there's electricity price, it's £700 a tonne to make . and this is tonne to make. and this is happening right across manufacturing. we've seen over the last few years both our both our uk aluminium smelters closed much of our refined , much of our much of our refined, much of our chemical industry go what is no one talk about this. well a lot of the politicians in that building behind nigel may think that the british steel industry doesn't matter anymore. it employs about 35,000 people directly and many tens of thousands of more support structures for. a generation uk steel makers had to deal with expensive energy far more expensive energy far more expensive than many of their european rivals , let alone the european rivals, let alone the chinese. of course, of dominated steel making for a long time now. and our energy policies

well, joining me is liam halligan gb news is economics editor. i mean, there we are. director of the boss of uk steel costs director of the boss of uk steel cost s £600 a tonne. you sell it costs £600 a tonne. you sell it for £600 a tonne. yes there's electricity price, it's £700 a tonne to make . and this is tonne to make. and this is happening right across manufacturing. we've seen over the last few years both our both our uk aluminium smelters closed much of our refined , much of our much of our refined, much of our chemical industry go what is no one talk about this. well a lot of the politicians in that building behind nigel may think that the british steel industry doesn't matter anymore. it employs about 35,000 people directly and many tens of thousands of more support structures for. a generation uk steel makers had to deal with expensive energy far more expensive energy far more expensive than many of their european rivals , let alone the european rivals, let alone the chinese. of course, of dominated steel making for a long time now. and our energy policies

i will be hour liam halligan. i will be back tomorrow at 10 am.have a happy new year. and of course, it's christmas. are it's still christmas. these are problems looking ahead to this afternoon and. the uk is looking mostly cloudy with outbreaks of rain but drier and brighter in the northwest . he has the the northwest. he has the details. it will be cold and rather cloudy across scotland this afternoon . there will be this afternoon. there will be some sunny spells times, but also scattered showers bringing snow , higher ground. the weather snow, higher ground. the weather . northern ireland will be mostly with plenty of sunny spells developing as we head into the afternoon, winds will be falling light. it will remain cloudy across north—west england with limited sunny spells here . with limited sunny spells here. there will also be some patchy or showers at times. t it will very cloudy across wales . cloud very cloudy across wales. cloud low enough to bring hill fog times. there will be outbreak of locally heavy rain with the driest conditions i

let's get more with liam halligan. our editor with liam halligan. on the money money. so a lot of assessments going on about yet again how much is going to cost the economy because this is what call the golden quarter, of course, leading up to christmas, particularly the hospitality sector and lynch sector and even mick lynch reflecting. was aware of the reflecting. he was aware of the hit going take hit that they're going to take on yeah, of course he's on this. yeah, of course he's aware of hit. these strikes are now seriously impacting mark. we know that the last quarter of gdp domestic product the economy shrank is to shrink in this current quarter as well according to the bank of england. and that puts us into recession of course. in the last hour we talked about when the strikes are going to be particularly the rail strikes. let's have a look . strikes in let's have a look. strikes in the round now because of course you've got workers you've got health workers strikes postal strikes you've got postal rights, the of it. and you rights, the rest

our economics and business editor, liam halligan. coming up with on the money .rly starting to openly talk about some kind of industrial law to take the strikers to task in these particular key areas, such as transport. back in the day mark 1978 1979. the such as transport. back in the day mark 19781979. the original day mark 1978 1979. the original winter of discontent . it was winter of discontent. it was much easier for trade unions to strike . successive governments strike. successive governments and labour tightened those laws . unions now need at least 50% of their members in a ballot, and of those balloted who return, their response at least half have to vote for strike, not rebalance. that's right. so these laws are tighter . maybe these laws are tighter. maybe downing street wants to tighten them and it will do that if it feels that they're winning against the unions in the campaign for. public hearts and minds . now we've seen this sort minds. now we've seen this sort of battle for hearts and minds after the rmt saying they won't accept this 8% pay off

our business economics editor liam halligan is with us with on the money now .h . i did afford the music the much. i did try however . you did. we need try however. you did. we need a little sort of accordion something. no, this is another part of the snapshot telling . part of the snapshot telling. you know, we've got this recession and it's going to be with us for some time. so often. come on here, mark, and report figures from the office for national statistics and so on. these aren't official figures. this is a survey by the confederation of british industry. but it is a very survey. it covers lots and lots of manufacturing companies. survey. it covers lots and lots of manufacturing companies . and of manufacturing companies. and what it shows is the sharpest in manufacturing for two years. so that the depths of lockdown we can see here the cbi in the last quarter that's quarter the year, october to december output was down in 11 of 17. manufacturing subsectors, if you like . that subsectors, if you like. that was a survey of 220 firms up and down the length

our economic and business editor liam halligan the details.ng me soon and harry and meghan, they've a new trailer for their netflix . they've gone for their netflix. they've gone heavy on racism. they're probably going to go heavy on the and they've certainly the sexes. and they've certainly come vomit will come very on the vomit will appear shocked. they appear shocked that the royal family has a hierarchy even i didn't think that prince harry was as as that. i'll be back in a moment . yes. welcome back, everybody. now the confederate of british industry says the uk economy will shrink next year. gdp falling nought point percent. meanwhile, the government is set to launch a review to prevent firms being ripped off by larger companies. and this morning, oil pnces companies. and this morning, oil prices have spiked, rising almost 2, which could see petrol and diesel prices rise even more the days ahead. so it's stop. good news , ladies and gentlemen, good news, ladies and gentlemen, to make sense all of this. and hopefully, hopefully find some

let's get analysis with liam halligan now. economics business editor with on money.y . is it pretty music at exactly. is it pretty music at the moment because it's so good and bad isn't it. jeremy hunt is right the chancellor saying the economy is in a tough time. there's a little bit of good news out of the office for national statistics data that came out this morning and i've got a graphic here that can spell it out because it might be a little bit confusing . so let a little bit confusing. so let me explain, so is an me explain, mark. so it is an october. if we can go to the graphic that gdp, that's the sum total. the total. all the all the transactions the economy was up 0.5% compared to the month before compared to september. but that was largely mark because in september , gdp was because in september, gdp was lower because of that bank holiday. there might have been a bit of spending, but there was a lot less. so overall , bit of spending, but there was a lot less. so overall, bank houday lot less. so overall, bank holiday actually took away from gdp in septe

showbiz people who got in touch by the way say what is in our economics and business and is a liam halliganideo wall liam, he could wall for liam, right? he could do it all with a packet of shortbread. but if look at this and represents scotland and and this represents scotland and the in the amount of people in scotland, then then where is that number people who that is the number of people who are actually directly affected by this terms of the trans stuff. maybe she stuff. so maybe maybe she wouldn't to on that wouldn't want to die on that particular olivia because it was it's the argument about it's not the argument make about westminster to westminster shackling you to unwanted marriage, is really unwanted marriage, is it really if going to be if people are going to be affected ? yeah. there is affected? yeah. and there is also issue that actually also the issue that actually suggest that that it's not particularly popular legislate in scotland either. and quite a of course can't quite understand why it's become this enormous issue . so yeah. whether nicholas issue. so yeah. whether ni

head it mean for us as we head towards christmas, the latest, our editor our economics editor liam halligane and those pay demands , eyes on the pay demands, eyes on the inflation figures , they emerge inflation figures, they emerge this morning. well, it's actually fallen, but only back to 10.7, according to the office for national statistics cost of living. still at a 40 year high. food and leading the way still double digit inflation . and of double digit inflation. and of course, with shadow chancellor rachel reeves on those figures earlier . the truth rachel reeves on those figures earlier. the truth is apart from last month's inflation of 11.1, this is something like the second highest rate of inflation that we've experienced as a country in 40 years. with the numbers today show that food pnces numbers today show that food prices alone have gone up by 16 and a half% in the last year. so this is clearly a very concerning time, particularly for mums , dads and grandparents for mums, dads and grandparents in the run up to christmas . and in the run up to christmas. and the government can

well, our economics and liam halligan spoke to shadow chancellor rachel reeves .asked whether rachel reeves. asked whether labour would close the proposed coal mine it wins the next election . we want to create jobs election. we want to create jobs in the energy sector so . no new in the energy sector so. no new coal mines then we're not favour of new york close to one in one haven. well no new coal mine in whitehaven. i'm not convinced it's going to be one there by the time of the next election because there be a much opposition we already know today. so you want to close if there was one a lot of there was one open? a lot of environments or campaigners want you to yes. well i would you to say yes. well i would very that by the time in very much that by the time in the next election there is to be a new coal . there will be much a new coal. there will be much objection to this in the community and beyond that . so community and beyond that. so politicians are just earth loving. i'm not convinced going to be the case, so i can't comment. yeah i see what charlie ro