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Transcripts For BBCNEWS World Business Report 20240707

we start here in the uk, where as you have been hearing the pressure on prime minister liz truss is building after another day of political chaos. the exit of a key cabinet member, home secretary suella braverman, who delivered a blistering attack on her former boss in her resignation letter. then a huge row in the house of commons over a vote on fracking, seen as a test of loyalty to the prime minister. it saw the pound fall sharply on wednesday, wiping out all the gains made this week after liz truss replaced her chancellor and abandoned the tax cutting plans that had rattled the markets. our political editor chris mason was following events. conservative mps are openmouthed in horror at what they are witnessing, government six week old histjunked the majority of its programme and removed a chancellor in a day of complete chaos, at lunchtime a senior adviser to the prime minister suspended over allegations of briefing against conservative mps, after prime minister s questi

Transcripts For BBCNEWS World Business Report 20240707

welcome to the programme, packed with dairy delights. but we first must talk about twitter. will he won t he? the question of whether elon musk would buy the social media network twitter. it has been a six month roller coaster since mr musk first made his offer in the middle of april. having struck a deal soon after, in earlyjuly the worlds having struck a deal soon after, in earlyjuly the world s richest man revealed he d changed his mind and intended to pull out of the deal. that sparked a legal battle over whether mr musk should be compelled to uphold his promise. now he says he will go ahead after all. a few hours ago he tweeted: it s understood this app would mirror china s wechat app, which combines social media, instant messaging and payment facilities. mr musk went on to say the twitter acquisition would probably accelerate the x app by three to five years. here s samira hussain in new york. it was only six months ago when elon musk agreed to buy twitter for $41; bi

Transcripts For BBCNEWS World Business Report 20240707

will be announced this morning by the energy regulator ofgem. this is the maximum amount companies can charge households for their energy use. the first rise saw prices to nearly £2000 and it could go up to £3000. average bills will hit £4650. let s hear from some people who are already struggling the heat their homes. #it # it takes a worried man to sing a worried song. we don t have the option sing a worried song. we don t have the option to sing a worried song. we don t have the option to turn - sing a worried song. we don t have the option to turn it - sing a worried song. we don t have the option to turn it off. have the option to turn it off or down have the option to turn it off or down or not put the kettle on for or down or not put the kettle on for the or down or not put the kettle on for the carers because my dad on for the carers because my dad is on for the carers because my dad must on for the carers because my dad isjust so on for the carers bec

Transcripts For BBCNEWS World Business Report 20240707

we start here in the uk, where the bank of england has raised the cost of borrowing to its highest level in 13 years. the quarter of a percentage point rise, to 1.25%, was less than some were expecting. but financial markets are now betting uk interest rates will have to rise a lot further from here, to get control over soaring inflation. the worry is, too steep a rise in borrowing costs could tip the economy into recession. and the warning signs are already there. our economics editor faisal islam reports. on faisal islam reports. the outskirts of doncaster, a on the outskirts of doncaster, a successful business, the crown hotel, grappling with energy, food prices and wages going up at the same time that household income is being squeezed and now a relentless run of interest rate rises to hit some buyers on variable rate within hours. hit some buyers on variable rate within hours. with got a mortgage rate within hours. with got a mortgage and rate within hours. with got

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