rpi.ced as 3.2%, but the transport secretary has asked rail companies to try to cap it using a different measure of inflation, the consumer prices index, cpi. it is 2.5%. that means a season ticket between london and brighton costing £3968, would go up and brighton costing £3968, would go up by and brighton costing £3968, would go up by £127 under rpi and £99 and cpi. the rail industry operates with a higher level of inflation calculation that most of the rest of the public sector and society, they pay deals are calculate it, and i'm simply saying the rail industry should behave the same as everyone else. i've started the ball rolling iron by changing some of the things i've control over, and we now need the unions to move their practices toa the unions to move their practices to a different level, as well. many passengers don't want to see price rises, at all. the lower the better but i think they are already extortionate. year by year they put it up. it's making life difficult for normal

that is rpi. 3.2%. slightly less tha n fares. that is rpi. 3.2%. slightly less than people feared.eans that rail tickets become less affordable. and if you look at, for example, the amount people are earning, 2.7%, the cpi is 2.5%. if railfares people are earning, 2.7%, the cpi is 2.5%. if rail fares were people are earning, 2.7%, the cpi is 2.5%. if railfares were going up in line with that they would be more affordable. it is also the case it was one of the comment's biggest austerity measures eight years ago that they took, was to change the official ratings, for example of public sector pensions, so those pensions rose only in conjunction with the cpi rather than the rpi. that was the biggest single austerity measures they talk, because although it seems like a tiny little difference when we talk about it like this, over the years compound interest a cruise and you are talking about a saving to the government of millions. they will use it to set student loan interest ora rail use it to set student loan interest or a railfares use it to set student loan interest or a rail fares

rpi tends to be higher than cpi.sing costs. they are also calculate a differently. cpi assumes that if something gets more expensive google will buy something cheaper. cpi generally is the more trusted measure. not that many people use rpi any more. a few years ago the ons looked at some housing costs but they are struggling to get a measure of inflation that recounts the people's cost of living. while the inflation figure tells us when we look backwards what prices have done it‘s also very useful for is looking forward because it‘s the one the bank of england keeps an eye on. it likes inflation be a 2% and if it ru ns likes inflation be a 2% and if it runs higher an increase in interest rates tend to be on the cards. that's right. given that cpi did rise this month they are closely following it. they expected the end of that. they bring things like transport costs and computer games. they still predict inflation will keep falling. they are looking at are coming down to their target of 296 are coming down to their ta

the cpi stands at around 2.4%, rpi expected to be around 3.5%.? unions have said there is absolutely no way they will take this lying down. but of course nhs workers, their pay increases are already measured using the cpi and chris grayling believes the cpi and chris grayling believes the transport sector should also ta ke the transport sector should also take their share of the pain. but the rail unions say there's no way because this will effectively amount toa because this will effectively amount to a pay cut for rail workers going forward and that's simply not something they will take lying down. is there any prospect of a fear freeze? plenty of mp‘s calling for one. i don't think that's on the cards. to keep the railways going and to improve the destruction that that being faced there is a lot of work that needs to be done. thank you forjoining us. your‘re watching business live. our top story — in a few hours from now the chinese tech giant tencent announces its second quarter results. the firm has seen $150 billion wiped off its market cap

and some things have moved from rpi to cpi. but a lot of things still use the older rpi index.e the newer one. however, clearly if the prices are still going up by 3% and wages are going up by 2%, then consumers or wage earners are losing out. the average pay packet for the boss of a ftse 100 company went up to almost 4 million pounds last year. that's a rise of ii%. and much higher than average workers' wage increases of 2.7%. there's been criticism from investors, unions and government about excessive salaries. the hr industry group the chartered institute of personnel and development also found bosses' pay was on average 145 times more than their employees. joining us now is luke hildyard, director of the high pay centre. grosicki director of the high pay centre. is good to have yo| us. grosicki is good to have you with us. so, what is behind this rise? well, i think a lot of it is to do with biases and conflicts of interest in the pacesetting process. now, the way executive pay is set is that you have a remuneration committee comprised of other executives who are employed,

chris grayling has suggested linking them to the lower rate of inflation, cpi, rather than the higher rpi crammed into a rickety old carriage. i pay just commuters crammed into a rickety old carriage. i payjust over £1000 a year. john has two kids and commutes from outside wigan into manchester. it's absolutely horrendous. sometimes one train turns up, sometimes they don't. now his season ticket could cost an extra £32 next yearin ticket could cost an extra £32 next year in line with inflation. remember, this is august, when things are supposed to be quiet but after half an hour of ourjourney, it was standing room only and remember, these passengers have suffered weeks of disruption with cancellations and delays. at the end of january‘s rail they arise, cancellations and delays. at the end ofjanuary‘s rail they arise, the government has suggested a lower measure of inflation, the consumer price index, rather than the retail price index, should be used in future to produce smaller increases to ticket prices but it says costs, like rail workers wages, should go up like rail workers wages, s

that's because train fare increases are tied to the higher measure of inflation known as rpi.stance commuter. i understand that our passengers have had a really tough time over the last few months, i'm a regular commuter myself, but we have to work together with a long—term plan, that's what rail companies are doing and that plan is going to make journeys better over the coming yea rs, journeys better over the coming years, it's going to improve the economy and better connect communities up and down the country. to compound things for some train users, another strike by rmt rail users, another strike by rmt rail users is set for next month in a very long—running dispute about guards on trains. joe lynam, bbc news. coming up at 6am on breakfast, dan walker and louise minchin will have all the day's news, business and sport. plus more on reports of airline passengers having to wait as long as 2.5 hours in passport control queues at the uk's biggest airport, heathrow. that's significantly longer than the border force's own 45—minute target. this is the briefing from bbc news. the

that means a season ticket between london and brighton costing £3,968 would go up by £127 under rpi,lation that most of the rest of our society, most of the rest of the public sector — the way pay deals are calculated elsewhere. i'm simply saying the rail industry should behave the same as everyone else. i've started the ball rolling at my end by changing some of the things i've got control over, working with the rail regulator. we now need the industry and the unions to move their practices to a different level, as well. many passengers don't want to see price rises at all. the lower the better, but i think they are already extortionate. every year, year by year, they put it up. it's making life difficult for normal people like us. it should not go up — not again, anyway. the transport secretary doesn'tjust want to use this lower level of inflation to determine train ticket prices. he wants it to be used to negotiate wages for rail workers. the unions who represent the rail workers don't. we've got privateers making hundreds of millions of pounds a year and extracting it totally fro

all of the competition put rpi up on everything.2. with this custom plan, you can tailor the plan that is suitable for you and you will have complete flexibility. i will guarantee it will reduce pricing when the hardware is paid off. it looks like we are heading closer to a no—deal brexit. the international trade secretary says there is a 60% chance. will you bring back roaming charges if there is no deal? we have got to wait to see what the european networks do. we are committed to do the right thing by customers. i hope we can live with the current proposition which is free—roaming inside your bundle. that is what i will be putting to the rest of the european con —— networks and i hope they will agree with me. you must have done some no—deal scenario planning — did that include looking at roaming charges? we are working with our european cou nterpa rts we are working with our european counterparts to make sure our customers are treated in the best possible way. oddly enough, shares in british gas owner centrica climbed 3.3% this m

the hills rpi were positions for serbian snipers and for artillery. artillery. there is a perfect view of most of sarajevo. only in recent times have the landmines been cleared, but you can still see the odd military bunker. 0nce cleared, but you can still see the odd military bunker. once at the top, there is one more repurposed relic. the bob sites —— bobsled track. built for sarajevo's moment in the sun, the winter olympics in 1984. it has been richly decorated, and the colour and nature up here makes a wonderful ride. action! action! ready, steady, go. ready, not so steady. i think i might need more practice at this. we did quite a slow version, i think. you pick up speed really fast. that's the whole point, right? it is supposed to be a bobsled shooting down this. yeah, in the warrant was a shelter for the serbian army, that they used to shoot the city and everything. so u nfortu nately shoot the city and everything. so unfortunately it had that sad purpose. but i think all made things, to repaint it and everything, to make it morejoyful. with in

secretary, chris grayling, has suggested linking them to the lower rate of inflation — cpi — rather than rpiransport correspondent, tom burridge, has been getting reaction from those most affected — the passengers. people have accepted that they don't have a choice, and you feel exploited, to some extent. passengers are really frustrated. you can see today, i'm standing right next to the door. i could just about get into the train. commuters crammed into a rickety old carriage early this morning. i payjust over £1,000 a year. john has two kids and commutes from appley bridge, outside wigan, into manchester. it's just absolutely horrendous. sometimes one train turns up, sometimes they don't. now his season ticket could cost an extra £32 next year, in line with inflation. i don't know how they can justify that when they can't even get it to run on time at the best of times, so it's an absolute disgrace. remember, this is august, when things are supposed to be quiet, but after half an hour of ourjourney, it was standing room only. and remember, these passengers have suffered weeks of disruption

that is because train fare increases are tied to the higher measure of inflation, known as rpi. understand that our passengers have had a really tough time over the last few months. i'm a regular commuter myself. but we have to work together, and with a long—term plan. that's what companies are doing, rail companies are doing. that plan is going to make journeys better over the coming years. it's going to improve the economy, it's going to better connect communities up and down the country. to compound things for some train users, another strike by rmt rail workers is set for next month, in a very long—running dispute about guards on trains. joe lynam, bbc news. heathrow airport is calling on the government to relax passport controls for certain passengers arriving in the uk in a bid to reduce delays. the latest figures revealed that in july visitors from outside the european economic area were left queuing for up to two and a half hours. the uk border force managed to achieve its goal of seeing 95% of visitors within 45 minutes just once last month. the headlines on bbc news: a

that is because train fare increases are tied to the higher measure of inflation known as rpi.hat our passengers have had a really tough time over the last few months. i'm a regular commuter myself. but we have to work together and with a long—term plan. that's what companies are doing, rail companies are doing. that plan is going to make journeys better over the coming years. it's going to improve the economy, it's going to better connect communities up and down the country. to compound things for some train users, another strike by rmt rail workers is set for next month in a very long—running dispute about guards on trains. joe lynam, bbc news. south korea says president moonjae—in will meet the north korean leader, kimjong—un, in pyongyang in september. it will be the third summit between them this year, and the first visit by a south korean president to the northern capital for more than a decade. it's hoped the meeting will give fresh impetus to the stalled disarmament process. over 300 people have been injured at a music festival in spain after part of a wooden platform c

the poll was pretty much looking for that rpi up 0.1% month on month, weakest figure since march of 2017he ppi numbers, that's quite extraordinary. >> we have not looked at them yet. >> year-on-year, 10.9% the forecast 10.4% oil prices pushing up costs. quite an extraordinary move. >> the input prices are up 10.9% year-on-year i find that hard to believe -- that sounds high okay that's what it says. let's get liz martins, she's an economist. first blush, what do you think >> headline reading is in line with the market expectations but i think that below target core inflation reading is interesting. the bank of england is telling us we're raising rates because domestic price pressures are building and again the headline numbers are not proving that it's the producer price numbers that are reflected, imported pressures, oil price, maybe the fall in sterling the headline number, that core number coming down from the earlier highs. >> what does this mean for interest rates and the pound >> i think they are kind of related. the more interest rate rises we get, the more support there will be f

that is because train fare increases are tied to the higher measure of inflation, known as rpi.distance commuter. i understand that our passengers have had a really tough time over the last few months. i'm a regular commuter myself. but we have to work together with a long—term plan, that's what companies are doing, rail companies are doing. that plan is going to make journeys better over the coming years. it's going to improve the economy, it's going to better connect communities up and down the country. to compound things for some train users, another strike by rmt rail workers is set for next month, in a very long—running dispute about guards on trains. joe lynam, bbc news. we've got some remarkable pictures out of china for you, a car narrowly escaped being dragged into a sinkhole. it opened up after hours of torrential rain in the north west of the country. local residents helped pull the car to safety. nobody was injured, according to state media. goodness me. did you just learn that up goodness me. did you just learn that upfor me goodness me. did you just learn that up f

that is because train fare increases are tied to the higher measure of inflation, known as rpi.rs have had a really tough time over the last few months. i'm a regular commuter myself. but we have to work together, and with a long—term plan. that's what companies are doing, rail companies are doing. that plan is going to make journeys better over the coming years. it's going to improve the economy, it's going to better connect communities up and down the country. to compound things for some train users, another strike by rmt rail workers is set for next month, in a very long—running dispute about guards on trains. joe lynam, bbc news. just coming up to half past eight. now it's time for a look at the weather. good evening, a very changeable week of whether with no two days the same. to date brought sunny skies but also gathering storm clouds. these storms will fade away as we go through this evening. patchy rain across scotland and northern ireland, certainly more cloud here and cloudy go —— clouding over generally for western coastal areas and a muggy field towards the south—eas

chris grayling has suggested linking them to the lower rate of inflation, cpi, rather than the higher rpie most affected — the passengers. people have accepted that they don‘t have a choice, and you feel exploited, to some extent. passengers are really frustrated. you can see today, i'm standing right next to the door. i could just about get into the train. commuters crammed into a rickety old carriage early this morning. i payjust over £1,000 a year. john has two kids and commutes from appley bridge, outside wigan, into manchester. it‘s just absolutely horrendous. sometimes one train turns up, sometimes they don‘t. now his season ticket could cost an extra £32 next year, in line with inflation. i don‘t know how they can justify that when they can‘t even get it to run on time at the best of times, so it‘s an absolute disgrace. remember, this is august, when things are supposed to be quiet, but after half an hour of ourjourney, it was standing room only. and remember, these passengers have suffered weeks of disruption, with cancellations and delays. amid the anger overjanuary‘s rail fare r

that is because train fare increases are tied to the higher measure of inflation, known as rpi.gh time over the last few months. i'm a regular commuter myself. but we have to work together, and with a long—term plan. that's what companies are doing, rail companies are doing. that plan is going to make journeys better over the coming years. it's going to improve the economy, it's going to better connect communities up and down the country. to compound things for some train users, another strike by rmt rail workers is set for next month, in a very long—running dispute about guards on trains. joe lynam, bbc news. anti—racism protestors vastly outnumbered white nationalists attending a rally in washington. around two dozen white supremacists took part in the march, while police kept the two opposing groups apart. it came a year after violence in charlottesville, virginia, that left one person dead. hundreds of chanting opponents denounced white supremacy and racism. 0ur washington correspondent chris buckler reports. crowd: whose streets? 0ur street! in washington's streets there wa

we know that the real rate of inflation is not rpi. —— cpi.d to talk to you, thank you. we will put some of the points to the transport secretary chris grayling at 7:40am this morning. in about one hour. here's carol with a look at this morning's weather. i think it is a mixed picture. good morning. not bad. you are more or less right. we have a north and west — south—east split, and in the north and the west we have more cloud and some rain, it will be cooler here. in the south and the east, we have dry and bright and warmer conditions. the reason for this is the weather fronts, cold weather fronts, moving south, not in the south—east yet, with the high pressure, and you can see from the isobars in the northern half of the country it is going to be quite windy. blustery for most of us. this morning the weather fronts are producing rain across northern and western scotland, into northern ireland. we have outbreaks of rain in north—west england and parts of wales. don't be surprised if you see a shower coming out of the cloud in south—west engl

that is because train fare increases are tied to the higher measure of inflation, known as rpi.e over the last few months. i'm a regular commuter myself. but we have to work together, and with a long—term plan. that's what companies are doing, rail companies are doing. that plan is going to make journeys better over the coming years. it's going to improve the economy, it's going to better connect communities up and down the country. to compound things for some train users, another strike by rmt rail workers is set for next month, in a very long—running dispute about guards on trains. joe lynam, bbc news. time for a look at the weather. i've been looking at your atlantic winds. looking at the summer, what's left of it, is it coming back? june and july were dominated by high pressure but this week we're going to influenced more by low pressure. the winds are coming in from the atlantic, it's more unsettled, the wettest weather in the north—west and the drier and warmer weather for and the drier and warmer weather for a time in the south—east. it looks like that sort of weather pat

that is because train fare increases are tied to the higher measure of inflation, known as rpi.ge long—distance commuter. i understand that our passengers have had a really tough time over the last few months. i'm a regular commuter myself. but we have to work together, and with a long—term plan. that's what companies are doing, rail companies are doing. that plan is going to make journeys better over the coming years. it's going to improve the economy, it's going to better connect communities up and down the country. to compound things for some train users, another strike by rmt rail workers is set for next month, in a very long—running dispute about guards on trains. joe lynam, bbc news. reports suggest at least 39 people, including 12 children have been killed and many are still missing following a blast that brought down a building in the syrian province of idlib. the building is said to have contained munitions belonging to an arms trafficker. idlib is the last major rebel—held area, and is expected to be the next target for syrian armed forces. turkey's central bank has an