england, for example, she has a poini liam halligan she does.or example, she has a poini askedialligan she does. england, for example, she has a poini asked hergan she does. england, for example, she has a poini asked her aboutre does. england, for example, she has a poini asked her about this>es. england, for example, she has a poini asked her about this and and i asked her about this and she was a little bit reticent maybe to go there because this is are really deep waters. is these are really deep waters. did bank england did the bank of england effectively oust her by doing things gilts things that undermined the gilts market in the run up to her mini—budget and doing mini—budget and then doing things strengthen the things which strengthen the gilts and therefore gilts market and therefore mortgage rates when you know her nicey nicey adults the room nicey nicey adults in the room successors. rishi sunak and jeremy hunt came in and i think that the bank of england did do that. and that's what the record shows. and the imf, the bank of england

i was there in the audience, as indeed was gb news economics editor liam halligan .nt, we assess halligan. in a moment, we assess does liz truss still have a powerful message and would also ask why have thousands of jobs been lost at port talbot in south wales? is it all because we've opted to go green your listening to gb news radio show . show. >> so i asked you, will, what is happening in lampedusa ? the happening in lampedusa? the implications of this? will it destroy the european union? henry says our government is doing nothing and neither is the eu. n0, doing nothing and neither is the eu. no, henry, you're right. and i explained before the break because their hands are tied with the echr another viewer says, why? good point. this why if hungary and poland can refuse illegal immigrants , why can we illegal immigrants, why can we not do the same ? reason is that not do the same? reason is that actually they've got rather tougher governments than we've got. and yvonne says it's totally out of control. it's dreadful and it's frightening. well, i think it is deepl

indeed. you, liam halligan. >> liam will all. indeed. you, liam halligan. >> liam will beall.you, liam halligan. >> liam will be here1deed. you, liam halligan. >> liam will be here ineed. you, liam halligan. >> liam will be here in the studio to explain where the economy is heading indeed economy is heading and indeed whether drag is a bit of whether fiscal drag is a bit of a drag. stay with gb news radio. >> well, welcome back to the live desk. let's just update you with the emergency response to this incident . with the emergency response to this incident. up on with the emergency response to this incident . up on merseyside this incident. up on merseyside in the wirral with 50 pupils on board that bus that overturned on the m53 . we're now learning on the m53. we're now learning the second hospital in the area has declared a major incident. this is arrowe park hospital on the wirral in addition to alder. hey, children's hospital. a spokesperson for the wirral university teaching hospital group saying we have clear plans in place to deal these types of emergencies. our servi

we straight to we do need to cross straight to our economics and business editor liam halligan because him. liam .we've liz truss, with him. liam. we've got him here. >> he is very much out and about because it's a year on from her premiership. her short lived premiership, of course, and she's been making many, many points about the economy, about it bureaucrats that stop centre right policies being enacted free market policies falling by the wayside. and i'm delighted to be joined now by liz truss , to be joined now by liz truss, foreign prime minister. good. hi liam, good to be with you. why did you give your speech today ? did you give your speech today? >> well, because i believe that the problems that i was trying to last year still haven't to fix last year still haven't gone away . the fact is the gone away. the fact is the country isn't growing fast enough. people are struggling with the cost of living, and we need to get on with delivering lower taxes, but also reforms to things like energy and housing to make life cheaper for people and give people more opportunities . opportu

joining us in the studio now is our economics and business editor liam halligan with on the money . according to the money. liam, according to the statement what they say this probe doesn't really sound that thorough and even they seem to admit that themselves. the fca i've been a financial journalist for 30 odd years, pip. >> i'm older than i look like this report leaves me completely baffled . and i don't use that baffled. and i don't use that word lightly. i mean , has the word lightly. i mean, has the fca even read the 40 page document that the telegraph published in full that the daily mail published in full? that's on our website, the 40 page document that natwest coots put together about nigel farage is a document that says is there's a significant reputational risk of being associated with him . being associated with him. that's what coutts said about farage. his views are at odds with our our position as an inclusive organisation. that's what coutts said about farage. alison rose , the now removed alison rose, the now removed chief executive of natwest, coutts parents compa

here's liam halligan live at the bank of england . liam, where are we at? england. monetary policy committee, the nine economists who set the base interest rates. they've raised rates for 15 consecutive for 14 consecutive meetings . if they raise it meetings. if they raise it today, it will be 15. it is on a knife edge, though, because inflation has been coming down. inflation was up at 11% and more in the autumn. it inflation was up at 11% and more in the autumn . it fell to 6.7. in the autumn. it fell to 6.7. dufing in the autumn. it fell to 6.7. during the year to august. so there are a lot of people that want the bank of england to stop raising interest rates, not least mortgage holders, people with personal loans. of course, a lot of people with savings, people pensions , they like people with pensions, they like interest rises. but the interest rate rises. but the vast majority of the working age population and also companies that have variable rate loans, they don't like interest rate rises. they're pushing down on the economy. on the other hand, the economy.

business editor liam halligan has more . editor liam halligan has more. >> after 14 successive rate rises0.1% at the end of 2001, all the way up to 5.25. the bank of england has finally decided enough is enough and inflation is now coming down and there's no need for now at least to raise rates any more. this will be a huge relief to young families with variable rate mortgages . it families with variable rate mortgages. it will be a huge relief to companies with variable rate loans. it will be a huge relief to many consumers across the country who . across the country who. >> well, that was liam halligan outside the bank of england and the shadow chancellor, rachel reeves, says despite the bank's decision, britain's been left worse off under the tories . worse off under the tories. >> i think there will be a sense of relief, particularly for those who are coming up to the end of their mortgage deals. but let's look at where we are in the bigger picture because somebody coming up to remortgage their house today is looking at paying their house today is looking at paying £220 more a month t

liam halligan on all of that.uring the year to july to 6.7% because of course, we saw big increases in petrol and diesel prices in august. let's have a look at some of the numbers here. july inflation was 6.8. as i said , we then expected 6.8. as i said, we then expected august inflation to be 7.1% because of those petrol price rises. but as it turned out, it was 6.7. only marginally down. but symbolically it's really , but symbolically it's really, really important. and all eyes now are on the bank of england. will there be a rate rise tomorrow? the 15th rate rise in a row? we're at 5.25, up from nought point 1% as recently as the end of 2021. i think on balance, eamonn and isabel, the end of 2021. i think on balance, eamonn and isabel , the balance, eamonn and isabel, the bank of england's nine strong monetary policy committee will raise interest rates . i don't raise interest rates. i don't think they've got the imagination and the intellectual courage to change their mind us but they may signal fingers crossed

look, we spoke to liam halligan earlier.market needs, isn't it? just a little bit of certainty. be less choppy water? >> yeah, i totally agree . it >> yeah, i totally agree. it would be lovely if we can take this this slight break and regroup , get our heads around regroup, get our heads around the situation as well. because as consumers, as people buying property, it's a terribly emotional time. and when you've got the added pressure of what are rates going to do, you know, can i afford it in let alone now in six months time, in two years time, what's going to be the situation? i think it gives people a little bit more confidence and confidence in the market that the market market means that the market will be stronger and it will just be better all round. i think. i think everybody needs it. we need some good news. >> we do. okay. sally mitchell, mortgage advisor and broker, thank you so much for talking to us here on the live desk . us here on the live desk. >> okay. so our next story now, rishi sunak has insisted the uk

i mean, this liam halligan.i well trying to rishi sunak? well he's trying to put water between put clear blue water between himself the labor party, the himself and the labor party, the sort of islington tendency of the labour party is very pro green stuff, but i doubt they'll reverse a lot of this labour because they'll know in their bones that even though what sunak has said will go down with much of the sort of media class like the proverbial cup of cold, sick out there in the country, an awful lot of people will be breathing a sigh of relief, saying finally somebody in westminster is engaging with the reality of our lives and the pressure that these kind of pledges made with no parliamentary debate, with very little broader debate. >> yeah, sort of try imposed by by by nudges and the idea that if you don't go along with this, you're a bad person, you're a monster. how dare you? et cetera. et cetera . so i think cetera. et cetera. so i think a lot of people out there in the country will be relatively relieved

economics and business editor liam halligan has the latest .day, the bank of england behind me, their monetary committee , did monetary policy committee, did make really important make the really important decision to hold interest rates at 5.25. finally finally, finally, after 14 successive rate rises from 0.1% at the end of 2001, all the way up to 5.25, the bank of england has finally decided enough is enough and inflation is now coming down and there's no need for now at least to raise rates any more. this will be a huge relief to young families with variable rate mortgages. it will be a huge relief to companies with variable rate loans. it will be a huge relief to many consumers across the country who have been grappling with high energy bills i >> -- >> liam halligan outside the bank of england . well, the bank of england. well, the shadow chancellor, rachel reeves , says despite the bank's decision , britain has been left decision, britain has been left worse off under the tories . worse off under the tories. >> i think there will be a se

liam halligan has bee fact that times said understand liam halligan has bee fact that the times saidzzd down the fact that the economy creliz truss down the fact that the economy creliz truss . down to liz truss. >> it's the way a lot of it was like the parking lots to do with it. she was trying to do things too fast, too fast. and kwasi kwarteng was the chancellor kept saying, you're running before you can walk. >> also going to be >> and we're also going to be asking, starmer putting asking, is keir starmer putting us track to rejoin the us back on track to rejoin the european union? i he is european union? i think he is closer alignment, closer deals , closer alignment, closer deals, totally slippery on the numbers of migrants. we will have absolutely . martin return for absolutely. martin return for any deal that we get. i think he's going to get us over a barrel. nhs strikes cost barrel. also, nhs strikes cost us £1 billion so far. should they be outlawed ? should it be they be outlawed? should it be an essential service? well, they're strike. an essential service? well, the con

firstly on this is our economics and business editor liam halligan on the editor liam halligan with onn't mind, tell me a little bit about why maybe we younger people have a right to say we should be getting rid of the triple lock on lots of complicated ideas knocking around here, so let's just go through them. >> the triple lock was introduced during the coalition pefiod introduced during the coalition period and basically it says is that the basic state pension each year must increase either bonuses and that's 8.5. that's higher than the rate of inflation is. and that's higher than 2.5. and that's why people are saying it may be next april. we use this benchmark to increase the basic state pension by 8.5. and that's after a 10% rise in the basic state pension last year because inflation was so high that in real money, patrick, if that 8.5% rise goes through the triple lock holds pensioners from april will get £692 extra. a year. the basic state pension 8814. now a lot of young people are saying hang about, we're not saying there isn't pensioner poverty, but there are special benefits

we'll break down those numbers with liam halligan after your headunes with liam halligan after your headlines aaron armstrong. it is 1232. >> i'm aaron armstrong in the gb newsroom. well, as you've just been hearing, the greater manchester mayor andy burnham says could take legal action says he could take legal action against the tory government if the northern of hs2 scrapped the northern leg of hs2 scrapped the northern leg of hs2 scrapped the prime minister reported the prime minister is reported to alarmed by runaway to be alarmed by the runaway cost high speed rail link cost of the high speed rail link he's a cabinet split over he's facing a cabinet split over the issue . the times claims the the issue. the times claims the cost of hs2 could exceed £100 billion as a result of high salaries and poor budgeting by the company overseeing the project . for 15 years or more. project. for 15 years or more. >> kind of many people in the greater manchester system have been working hard at the government's request to bring through these plans. >> we've devoted hours and hours and hours of time all

so joining us now in the studio is our economics and business editor liam halligan with money . withn the money. >> nice to start the morning with a big money story because this affects everybody at home doesn't it.7 >> and we're all worried at the moment. we're actually going to look the run to look like in the run up to christmas. what's latest christmas. what's the latest with well, look, with the inflation? well, look, the living crisis is not over. >> oven >> not by a long chalk. but this is good news. and inflation is going in the right direction. let's have a look at some the let's have a look at some of the numbers here. back in july, dunng numbers here. back in july, during july, during the year to july, inflation the price inflation was 6.8. so the price of basket of goods was up by of a basket of goods was up by 6.8% over the year. yesterday we were expecting inflation in august. out this august. the number came out this morning to be 7.1, going up. why? petrol diesel why? because petrol and diesel pnces why? because petrol and diesel prices in august as oil prices shot up

on the money . and business editor liam halligan on the money. my hunt. >> the tories delighted that inflation has fallen today against expectations. let's have against expectations. let's have a look at some of the numbers here in july, we had 6.8% inflation. it was expected to go up in august because there were so many fuel price rises, petrol and diesel. but inflation in august actually came to down 6.7. internationally, the uk is still pretty high when it comes to inflation. we have inflation of 6.7. the eurozone has 5.2% and america has 3.7. and as all shoppers know, despite this fall in headline inflation, food price inflation is still sky high in july, a basket of food would have cost you 14.6% more than july 2022. in august, that number went down, but only slightly to 13.6. food prices still driving inflation. core inflation, though, is coming down. what's core inflation? it's inflation. when you take out food and energy. so economists can see what's really going on, particularly with wage bargaining and core inflation fell sharply in augu

liam halligan our business economics editor. business and economics editor. very see you.e you. thank you very the tributes coming in to >> now the tributes coming in to actor sir michael gambon. of course, most recently getting international fame with the role of professor dumbledore in those harry potter films. his family saying he's died peacefully in hospital today at the age of 82. >> yes, a statement issued on behalf of lady gambon and his son fergus gambon said, we are devastated to announce the loss of sir michael gambon, beloved husband and father michael died peacefully in hospital with his wife, anne, and son fergus , at wife, anne, and son fergus, at his bedside following a bout of pneumonia . joining his bedside following a bout of pneumonia .joining us now is pneumonia. joining us now is showbiz journalist ellie phillips. good afternoon to you, ellie. and what a loss he has been described as he as one of britain's most versatile performers across stage and screen. yeah i mean, it's such a such a loss. >> an irish actor who came from very little , you know, wh

editor liam halligan with money .re is with on the money. yeah there is a 40 odd page report into nigel farage being biffed by coots that explicitly says that it was because of his views on brexit migrants. trans et cetera , i.e. migrants. trans et cetera, i.e. his politics. patrick we are through the looking glass on this, right? >> lewis carroll could have written a better, more factual report than this. the fca is telling us there's no evidence of banks using political reasons to de—banking high profile people when we know from that 40 page dossier that coutts natwest wrote about nigel farage, a dossier which he extracted from them via their lawyers kicking and screaming, which mentions many times his problematic views. the fact that his outlook doesn't align with ours as an inclusive organisation. what's that got to do with banking? the blokes won two national elections with two different parties. his views are distasteful to some, but perfectly legal . it's as if the perfectly legal. it's as if the fca didn't not

savers across the country who liam halligan there? >> well, the shadow chancellor, rachel reeves, said despite the bank's decision , britain is bank's decision, britain is worse off under the conservatives . conservatives. >> i think there will be a sense of relief, particularly for those who are coming up to the end of their mortgage deals. but let's look at where we are in the bigger picture because somebody coming up to remove mortgage their house today is looking at paying £220 more a month than they would have done if they had a remortgaged a year ago. so this is still a very challenging time for families and businesses with the cost of living crisis, which continues to bite. well borrowers may start to feel the benefits of the bank of england's announcement shortly after it was made nationwide said it will be cutting the majority of its fixed rate mortgages . fixed rate mortgages. >> the country's biggest building society , saying they'll building society, saying they'll now offer five and ten year fixed rate mortgages of below

our economics and business editor liam halligan has more. >> we're a couple of hours on now, but at 12 noon today, the bank of england behind me, their monetary policy committee, did make the really important decision interest rates decision to hold interest rates at 5.25. finally, finally , at 5.25. finally, finally, finally, after 14 successive rate rises from 0.1% at the end of 2001, all the way up to 5.25, the bank of england has finally decided enough is enough and inflation is now coming down and there's no need for now at least to raise rates any more . this to raise rates any more. this will be a huge relief to young families with variable rate mortgages. it will be a huge relief to companies with variable rate loans. it will be a huge relief to many consumers . farmers across the country who have been grappling with high energy bills as liam halligan outside the bank of england earlier on today. >> well, the shadow chancellor rachel reeves, says despite the bank's decision, britain's been left worse off under the tories i >>i -- >> i think there will be a sense of relief, part

savers across the country who liam halligan there? >> well, the shadow chancellor, rachel reeves, said despite the bank's decision , britain is bank's decision, britain is worse off under the conservatives . conservatives. >> i think there will be a sense of relief, particularly for those who are coming up to the end of their mortgage deals. but let's look at where we are in the bigger picture because somebody coming up to remove mortgage their house today is looking at paying £220 more a month than they would have done if they had a remortgaged a year ago. so this is still a very challenging time for families and businesses with the cost of living crisis, which continues to bite. well borrowers may start to feel the benefits of the bank of england's announcement shortly after it was made nationwide said it will be cutting the majority of its fixed rate mortgages . fixed rate mortgages. >> the country's biggest building society , saying they'll building society, saying they'll now offer five and ten year fixed rate mortgages of below

positive. >> here to break these figures for down us is gb news economics and business editor liam halliganpersonality transplant. i'll tell you what, you said it. economists are dismal scientists. i've changed. >> i'll tell you what, liam. it's now three days on the bank. no good news. liam and us about the latest lot. >> well, of course , it's friday. >> well, of course, it's friday. today, on wednesday , we had the today, on wednesday, we had the news that inflation in the uk continued to come down in august. still pretty high, 6.7% dunng august. still pretty high, 6.7% during the 12 months to august. but that was good news, down from 6.8% in july. then yesterday, contrary to my expectations , mystic liam's expectations, mystic liam's crystal ball gets fogged up the bank of england actually held interest rates for the first time. 14 successive rate rises. but now the bank of england has held interest rates at 5.25. and a lot of people are saying this isn't the end. we just had a churchill quote, this isn't the beginning of the end, but it is perhaps the end of the beginning of the cost l

the economic and business editor liam with the money liam halligan with on the money . come to the reaction in a moment. but first, some interesting facts and figures . a interesting facts and figures. a £3.1 billion investment by two smaller firms, one of which is nonnegian. but start producing 20 2627 pretty quick . 20 2627 pretty quick. >> pretty quick. this is a major announcement i'd say, by rishi sunaks government . i announcement i'd say, by rishi sunaks government. i think ahead of the party conference, which starts in manchester this weekend , there's a lot of weekend, there's a lot of politics going on. there's suella braverman speech yesterday. rishi sunak now really trying to reach out to the pro growth wing of his party. liz truss will be maria boarding around party conference, doing the prime conference, not doing the prime minister so let's minister any favours. so let's have a at specifics of have a look at the specifics of this large oil and gas field. as you say , it is the largest under you say, it is the largest under helped oil and gas field in the

liam halligan will be here to tell us more. >> a ticket office turmoil sticking with the trains.ng passengers . fleecing passengers. and those ticket offices of which i think it's hugely important that that decision to close maul is blocked. >> i agree. cash is really important there because you can pay important there because you can pay cash at the ticket office, try and use those machines. so complicated. and of course, you have use a card. have to use a card. >> it's really difficult. what does that mean? it just means people will less. people does that mean? it just means pe0jbe will less. people does that mean? it just means pe0jbe dispirited. less. people does that mean? it just means pe0jbe dispirited. they people does that mean? it just means pe0jbe dispirited. they won'te will be dispirited. they won't want their house. want to go out of their house. they visit their family. they won't visit their family. they'll end up more they'll end up being more lonely. so let us know what you think at home. views. at think at home. gb views. at gbnews.com email address. gbnews.com

savers across the country who liam halligan there?ite the bank's decision , britain is bank's decision, britain is worse off under the conservatives . conservatives. >>

our business and ecorfinancial liam halligan >> okay. . our business and ecorfinancial expert jasmine an and financial expert jasmine birtles, very good to see you both this morning. thank you very, very much. >> well, still to come, fewer than of trainee gps go on than half of trainee gps go on to for the nhs. full time. to work for the nhs. full time. so we'll be asking a trainee doctor if she'll be leaving to news. the people's channel. britain's news channel . britain's news channel. >> very good morning. it is 1124 and you're with britain's newsroom here on gb news with ellie costello and me, tom hannood. >> and sometimes he struggles to read the time. >> it's always around. >> it's always around. >> this time that it's the. >> this time that it's the. >> anyway, you did it very >> yeah. anyway, you did it very good. yes, it is. good. it's 1125 now. yes, it is. well done. >> new report has revealed >> now a new report has revealed that than half trainee that fewer than half of trainee gps to work for the nhs gps go on to work for the

a business editor liam halligan.tra processed food than anywhere else in europe. processed food than anywhere else in europe . now, it processed food than anywhere else in europe. now, it might be healthy for the wallet in a cost of living crisis. but what about the cost to our health? >> and of course, alex has your latest weather. >> rain wake you up last night. will it be any more today? actually, for most, it's looking like a fine friday, although it will be blustery with some showers northwest scotland. showers in northwest scotland. join a full join me later for a full forecast and a peek into the weekend. got the sport weekend. paul's got the sport for us this morning. >> yes , all lead to rome. >> yes, all roads lead to rome. >> yes, all roads lead to rome. >> is that as close as i'm going to get anyway? so many people already at the simone golf already at the marco simone golf club, which is just outside rome . thousands of people there. they are all running to the first tee. it is undennay, the 44th cup mor

liam halligan, very much indeed. liam halligan, our economics editor. right.going? emails? where are our read our emails? you're going to read them well go them out, right? okay. well go on. what's the weather? on. well, what's the weather? this is quite interesting. brian says if elton john has such strong views people coming strong views on people coming into uk, he could into the uk, surely he could take into mansions take hundreds into his mansions and them with his or he and fund them with his or he could them his he could bring them in on his he could bring them in on his he could bring them in on his he could bring in could bring them in in his private yeah yeah, he private jet. yeah. yeah yeah, he could. he could. and in his various holiday homes i think he's got south. he has , he's got one in south. he has, he's got one in south. he has, he does. what else is saying. sally says the home secretary has had the guts to say what he has had the guts to say what he has needed to said hinckley. good for her. yes, it's all well and good. saying these things,

liam halligan there, course. now halligan there, of course.c neighbourhood having dee it ed unsuccessful. low traffic neighbourhood having deeited an unsuccessful. low traffic neighbourhood having deeited an month|successful. low traffic neighbourhood having deeited an month trialassful. low traffic neighbourhood having deeited an month trial and|l. >> it was an 18 month trial and it's traffic displaced it's all traffic displaced into other fail to other streets and fail to encourage members of the to pubuc encourage members of the to public start walking or take up cycling. >> good opponents of the plans have council of have accused the council of going a square one. going back to a square one. let's talk now alan miller let's talk now to alan miller face. you'll familiar with face. you'll be familiar with co—founder of the together association joins us now. alan, i don't know whether you were listening conversation listening to that conversation with was making me with liam, but it was making me think councils are think about councils who ar

liam halligan our economics and business editor. yeah, it's the tie turning a little bit. issues. i thought seeing those issues. i thought liam nail on the head liam hit the nail on the head there actually when he said about a while you about look for a while you couldn't talk about very couldn't talk about the very obvious our obvious things the way the our net zero agenda was going to impact man impact your average man and woman the street their woman on the street in their own home. about home. you couldn't talk about those facts similar, i those glaring facts similar, i think know, those glaring facts similar, i thin couldn't know, those glaring facts similar, i thin couldn't talk know, those glaring facts similar, i thin couldn't talk about know, those glaring facts similar, i thin couldn't talk about way w, you couldn't talk about the way that both legal that mass migration, both legal and illegal, is impacting people's lives and their culture. just to reminder to you, i your on what you, i want your emails on what do think british culture is? do you think british cul

but liam halligan will join the institute of join us and the institute of fiscal studies as well willhow very , very shortly on the show very, very shortly to chat about all of that. some on the show very, very shortly to ch.news.jt all of that. some on the show very, very shortly to ch.news. it all of that. some on the show very, very shortly to ch.news. it appears at. some on the show very, very shortly to ch.news. it appears .t. some on the show very, very shortly to ch.news. it appears . asrome on the show very, very shortly to ch.news. it appears . as fore good news. it appears. as for brexit, britain, keep your views coming in as well, though, about what major for is what the major issue for you is facing britain moment. a facing britain at the moment. a variety of different views coming the moment coming through at the moment we've got immigration, we've got crime, up crime, net zero has been up there. the wars as well. there. the culture wars as well. i do want to hear from you. i'll go the emails very, very go to the emails very, very shortly. it's shortly. but right now, it'

on the money liam halligan with on the money .n, like dodgy computer systems that have come in like five times over the budget . we also have over the budget. we also have a massive increase in adult social care, which i'm quite keen to drill down in. look what's gone on this is a problem that's paying on this is a problem that's paying out across the country. >> we've already seen what's called a section 114 notice when a council , called a section 114 notice when a council, it's called a section 114 notice when a council , it's not saying it's a council, it's not saying it's bankrupt, it's saying we're going to stop spending on all statutory non statutory. we're only spend on non only going to spend on non statutory statutory services . so statutory statutory services. so what is a statutory service? it's education, it's waste and recycling. it's social care. so those things will be place. those things will be in place. but things like public works, building centres, building parks, leisure centres, that's that gets that's the s

let's just hear her >> well, let's just hear her defence talking to liam defence when talking to liam halligancharge of she crashed which she crashed the economy, which she was . was accused of. >> in for a lot of >> you've come in for a lot of criticism. it's fair to criticism. i think it's fair to say people pointing fingers at you, today saying that you, people today saying that you, people today saying that you the economy. why you crashed the economy. why should you ? why is should we listen to you? why is that wrong? that's simply not true. >> the fact is that mortgage rates have been higher than they were when i was in office, since i left office. and also the gilt rates, the government bond rates have been higher as well. so the problems that we have were not created by me . i was trying to created by me. i was trying to fix them and they are still there in our economy and this is why we need to change. the fact is, government is too big. it's now spending 46% of gdp. that's nearly half in every pound spent in britain is spent by the government. and i want to see a free enterprise econ

let's just hear her >> well, let's just hear her defence talking to liam defence when talking to liam halligange of she crashed which she crashed the economy, which she was . was accused of. >> in for a lot of >> you've come in for a lot of criticism. it's fair to criticism. i think it's fair to say people pointing fingers at you, today saying that you, people today saying that you, people today saying that you the economy. why you crashed the economy. why should you ? why is should we listen to you? why is that wrong? that's simply not true. >> the fact is that mortgage rates have been higher than they were when i was in office, since i left office. and also the gilt rates, the government bond rates have been higher as well. so the problems that we have were not created by me . i was trying to created by me. i was trying to fix them and they are still there in our economy and this is why we need to change. the fact is, government is too big. it's now spending 46% of gdp. that's nearly half in every pound spent in britain is spent by the government. and i want to see a free enterprise economy

i'll be joined by liam halligan, our economics and business editor.hortly to look at whether or not right and where not liz was right and where we are financially. not liz was right and where we are christysnancially. not liz was right and where we are christysnan�*news, patrick christys gb news, britain's . with me, michael portillo gb news, britain's news . channel news, britain's news. channel >> welcome back . it is 3:45. >> welcome back. it is 3:45. you're watching and listening me patrick christys on news right? so it's one year since liz truss's mini—budget, the infamous fiscal event sparked a huge economic fallout and it was ultimately the undoing of liz truss after the markets were spooked when the office for budget responsibility forecasts were not published alongside the plans. well today labour have pledged to give more powers to the obr . they claim it will stop the obr. they claim it will stop truss's disastrous mistakes being repeated, but there is quite a lot to unpack here and here to do it is economics and business editor liam hallig

liam halligan gb news at ellesmere port .ere with on the money . we're looking at figures money. we're looking at figures showing that the economy is down, gdp down 0.5. however, cammy badenoch, the business secretary, saying, well, hold on a minute exports up 16% on last yean a minute exports up 16% on last year, particularly with the motor manufacturing industry. that's an important thing to remember. so about 70 odd% of the cars we make in this country are exported . are exported. >> that's one thing. exports are also up because the uk has been importing an awful lot of uquefied importing an awful lot of liquefied natural gas from the us and then turning it around and selling it on to mainland europe in order to replace gas that would previously have come from russia. so there are two big trends in our export industry. but look on evs, it's great news, of course, that stellantis of the parent company of vauxhall, peugeot , citroen , a of vauxhall, peugeot, citroen, a lot of fear, a lot of other companies , they've invested

. >> home security editor liam halligan joins us from the site . morning, liam. good morning.e local area, of it? and for the local area, of course it is indeed, andrew. >> so i'm here at ellesmere port just across from the river mersey. i'm in cheshire. they've been making cars here since the early 60s under the vauxhall brand. we know that now almost 2/5 of all cars produced in the uk are evs or electric vehicles and that is going to go up as the ban on new sales of petrol and diesel cars looms. in 2030. stellantis is a conglomerate. it's a french italian american conglomerate . it's owned conglomerate. it's owned vauxhall since 2021. there's a vauxhall since 2021. there's a vauxhall plant in luton, of course, and there's a vauxhall plant here and ellesmere port and i'd say the security of this plant is now very, very clear. stellantis has invested a huge amount of money in the building behind me. we can't get in there to broadcast live. we're having problems with the signal because of the steel roof of the building. but behind me , i've building. but behind me, i've seen ca

me and liam halligan, we did intervene fight outside did intervene in a fight outside the door. speakor. i speak from experience. the right thing experience. it's the right thing to it? you tell me you to do, isn't it? you tell me you are from hull, michelle. >> so you're pretty. >> so you're pretty. >> i was a i was >> so you're pretty. >>iwasa|wasa >> so you're pretty. >> i was a i was a little bit behind liam. >> liam first. yeah. >> liam went first. yeah. >> liam went first. yeah. >> says my brother >> liam went first. yeah. >> wicked says my brother >> liam went first. yeah. >> wicked things;ays my brother >> liam went first. yeah. >> wicked things when|y brother >> liam went first. yeah. >> wicked things when heirother >> liam went first. yeah. >> wicked things when he was er did wicked things when he was 11, did get sent to 11, and he did get sent to prison. >> he says it did him the world of good. skylar says i was bullied over a year at bullied for over a year at secondary school, and the school basically by making secondary school, and the school basicalljbecause by making s

joining us now in the studio is our economics and business editor liam halligan with on the money . clays was struggling this might be understandable or more understandable. but they make billions of pounds in profits and yet they're still axing staff. >> they do, but and they would say that because more and more people are using digital payments, they don't need the staff at bank branches. we know lots of bank branch closures have happened. barclays is closing another 180 branches this year and next. this is a terrible number, 450 staff going. it's worth saying, though, that across the whole barclays group, including investment banking in the uk, they employ 42,000 people. it's a pretty big operation. but this is the sign of the times. banks are withdrawing from the high street. that's why we had our gb news don't kill cash campaign, isn't it? because so many people can't access cash. they want to access cash. if you're not handung access cash. if you're not handling cash, if you're not processing cheques, if you don't have behind glass have people behind glass windows, taking in pa

our economics and business editor liam halligan is joining us now with a little bit more on this because length , liam, but we've actually length, liam, but we've actually got the proof of the pudding behind you now , what's happening behind you now, what's happening here in ellesmere port, mark in cheshire, just on the river mersey is a real vote of confidence in the uk economy and uk car making. >> and the brand is vauxhall as you say, but the company is owned by stellantis, the third biggest car making conglomerate in the world. they manufacture in the world. they manufacture in 30 different countries. it's a french, italian american operation includes all kinds of brands and marques from austin to maserati to vauxhall to dodge and stellantis have decided , and stellantis have decided, added that the first ever factory in the world made in their empire that produces only electric vehicles is here in ellesmere port. i think you can see some of the pictures inside the factory now. there's been car making on this site under the vauxhall badge since the early 1960s. a huge heritage of aut

>> let's talk to our economics and business editor liam halligan, who's already poised in manchester,aring to go. morning to you, liam. i mean, all the messages we've been getting from government so far have been, well, we won't put taxes up, but neither will we bnng taxes up, but neither will we bring them down. >> the uk tax burden really has spiralled in the eyes of many stephen and anne out of control in recent years is there was a study by the institute for fiscal studies that came out just a couple of days ago and it really is pretty eye—watering andits really is pretty eye—watering and it's certainly causing a lot of ructions in the conservative party even before most of the party faithful have turned up here in manchester for the annual party conference. the conference starts tomorrow, but people will start mustering today. but let's just have a look at what the row is about. i know it's early, but gird your loins. brace yourself because here's a graphic . have a look at here's a graphic. have a look at this graph. this shows the uk tax burden . that's the total tax tax burden

sector. >> joining us now in the studio to talk about all this is our economics and business editor liam halliganuntry. we've been talking a lot about this lunchtime. china you got it. >> british car making >> look, the british car making industry or should i say the car making industry in britain because biggest car because most of our biggest car makers are foreign it makers are foreign owned. it still getting on for still employs getting on for a million people. pip both at factories and in supply chains and support services and so on. and the latest figures show that we're still making 800, 850,000 cars a year in this country. it's not as good as before covid, but we're getting back up there recovering from lockdown. what we've seen this morning is bmw pledging to build the new generation mini ev electric vehicle in its spiritual home. the cowley plant in oxford, and also some investment for swindon as well. let's have a look at some of the details here. so it was important that bmw confirmed this this morning. was important that bmw confirmed this this morning . the this this morning. the go

. >> gb news is business and economics editor liam halligan is with us now with on the money .is a massive story in relation to hs2 and i believe you've been crunching the numbers in terms of the costs, haven't you? >> i've been looking >> i have. i've been looking at hs2 ever it was hs2 for years, ever since it was first proposed in 2010. by then labour chancellor alistair darling. alistair darling told me three years later i didn't think they'd be stupid enough actually to do it. so this is a vexed question. hs2 was meant to be from london to birmingham, then birmingham to manchester and birmingham to leeds. the leeds branch was scrapped last yeah leeds branch was scrapped last year. branch year. now the manchester branch could well be scrapped just as the start party the tories start their party conference in manchester next to a disused railway. and by the way, as we up to manchester way, as we go up to manchester and come back, there's rail and come back, there's a rail strike. so have a yeah, strike. so let's have a yeah, let's have a look at some of the costs over the ye

maybe liam halligan with on the money . and this is just on the money. is it producing light 10 billion times brighter than the sun? >> this is amidst the gloom. this is a british good news story. this is the synchro tron facility at harwell in oxfordshire, a synchrotron is a sort of massive telescope. it's 10,000 times more powerful than a traditional microscope . you a traditional microscope. you use it to really analyse material oils and as you say, it uses light beams to work out what's going on with the materials that are 10 million times more powerful than the sun. it can be used to examine artefacts. so some of the stuff from the mary rose the wreck to date the mary rose and understand the molecular structure . how did that would structure. how did that would survive? kind of wood it survive? what kind of wood it was that was examined was that was that was examined using synchrotron the using the synchrotron the diamond light source, as we call it, at harwell in oxfordshire. it can be used look at the it can be used to look at the atomic structure

liam halligan make it of all? he joins us now. is going to be one busy day for you. god is it never ends. >> stephen, for your resident economics and business editor, a massive day yesterday. why? because a new inflation number came out yesterday. let's have a look at that inflation number. i've got a little little graphic for you. in july, during the year to july , inflation was 6.8% year to july, inflation was 6.8% in the uk. still many times more. the bank of england's 2% target there was a consensus before the inflation number yesterday that it would go up to 7.1% in august. why? because we had big increases in petrol and diesel prices. the sharpest monthly increases in 23 years, believe it or not, off the back of high oil prices. believe it or not, off the back of high oil prices . but when the of high oil prices. but when the numbers actually came out yesterday morning at 7:00, it turns out that inflation in august was 6.7. so down marginally from july. and the government was hugely pleased about that. there was concern that

liam halligan. gb news at ellesmere port .me people in certain north london postcodes . an ev is an essential postcodes. an ev is an essential accessory. you can't go to a local dinner party unless you've got an electric vehicle. there are other parts of the country where the idea of trading in vans and commercial vehicles, people running small businesses for evs is preposterous . yes. for evs is preposterous. yes. look, evs , they weigh a lot. the look, evs, they weigh a lot. the batteries weigh about half a tonne.is batteries weigh about half a tonne. is that really efficient? they need lots of lithium, cobalt, manganese is rare. earths found in difficult parts of the country. the charging network is still very patchy. there's a lot of range, anxiety out there. and the reality is , out there. and the reality is, whether it's tesla's forecourts in the states , eamonn or its car in the states, eamonn or its car dealerships here across the country , these evs just aren't country, these evs just aren't flying off the shelves. th

well, joining us now in studio is our economics and business editor liam halligan with on the money . they're saying this is the great thing and 4000 jobs that's not small beers. but the big question i've got for you is, is this a solution to a problem that doesn't exist? when we at amount of people we look at the amount of people that actually are buying electric cars, the numbers are very weak. yeah there's a there's a lot there, martin. >> i agree. let's just go through the announcement this morning. so i've got a little graphic here. we can go through it. the new generation ev mini will be built in cowley in oxford, the mini's iconic historic home. of course. now owned by bmw ministers say that this investment by bmw will secure, as you say, 4000 high quality jobs, both at the factory and along the supply chain support services. bmw's we can see they're investing £600 million in both oxford and the swindon plant, which will do related functions. and the government, we think it's put in 75 million. that's the word on the street, if you like. mini motors aren't confirming, but this

we're going to be taking liam taking a closer look at two liam halligan crunching the halligan has beenr who behind toppling who was behind the toppling of the colston has the edward colston statue has just over just been in hot water over the appropriation funds that were appropriation of funds that were given them, which is an given for them, which is an interesting keep eyes. >> f- eyes. >> lord berkeley told us >> well, lord berkeley told us that billion. that hs2 could cost 180 billion. >> did a review >> yeah. and he did a review into cost of the whole into the cost of the whole project. 180 billion. it's supposed right? well supposed to be 32, right? well that's enough of us. that's enough us. then be back enough of us. then we'll be back with newsroom with the british newsroom tomorrow us good afternoon. >> it's 12 noon and you're here with the live desk on gb news coming up for you

liam halligan here. why i so halligan is here. sort of sceptical about the fact that might good news? liam that it might be good news? liam is we never have is this because we never have any genuinely no any genuinely good news? no i think it's because, as napoleon said, never a one handed said, there's never a one handed economist, is there? >> the other >> it's always on the other hand, on the one hand, on the other. this is pretty good news, i guess, between may and july, pay i guess, between may and july, pay across economy went up pay across the economy went up by 7.8% compared to july the previous years. and guess what? that's higher than what, july inflation, which was 6.8. so that means what we call real wages. wages above inflation are actually growing now, which is good news. >> does that not encourage more inflation? if we're having more money in our pockets, potentially. >> but at least you're getting the economy moving at least you're getting people spending. let's just have a look, a quick look at the numbers. there i