We heard that average uk wages were rising at their fastest pace in 20 years. Katharine neiss is chief european economist at pgim fixed income. Thanks very much for being with us today, katharine neiss. So clearly welcomed news that inflation has fallen to this point. Still quite far off the Bank Of Englands target, though. Is everything going to plan or as we had expected . 50. To plan or as we had expected . So, toda s to plan or as we had expected . So, todays data to plan or as we had expected . Srr, todays data are to plan or as we had expected . S57, todays data are not to plan or as we had expected . S513, todays data are not a to plan or as we had expected . Sr3, todays data are not a surprise. It is encouraging, as you say, that Headline Inflation is coming down. No doubt uk consumers will be relieved to see that Energy Prices and food Price Inflation is beginning to cool. But, that said, core inflation, that is a measure of inflation that gives us perhaps a better read on dom
Increase wont come. Lets not forget that yesterday we heard that average uk wages were rising at their fastest pace in 20 years. Joining me now is Neil Shearing group Chief Economist at capital economics. Thanks very much for being with us today. Clearly it is pretty good news, but is it happening fast enough, oras news, but is it happening fast enough, or as fast as we had hoped . The fall in the Headline Rate of inflation, as you say, thats going to be welcomed by the Bank Of England. It takes a bit of pressure off them. But when you start to dig into the details of this report, i think perhaps there is still some uncomfortable reading there for the policymakers of the bank. As you mentioned, a lot of the fall in the Headline Rate, that is driven by what has happened to food and Energy Prices and that is out of the banks control. Interest rates dont tend to affect the price of our energy or food. Those are set in global markets. What they do affect his conditions in the real economy,
Especially springlike with lots of cloud and outbreaks of rain and i will have more details throughout the programme. Its sunday the 10th of march. Our main story the us military ship is on its way to the middle east, carrying the first equipment to construct a temporary peer off the coast of gaza. It is hoped this will help more aid into the territory as deliveries by land and air have proved difficult and dangerous. And while a ship holding 200 tons of food is making final preparations to set sail from cyprus, food is making final preparations to set sailfrom cyprus, as food is making final preparations to set sail from cyprus, as zoe conley reports. Us Army Logistics ship, already on its way. The United States hopes to get a lot more aid in by sea. But it could take several weeks. In the meantime, in cyprus, efforts are under way by a charity to move supplies across the mediterranean. It may not look like much but on this barge sits 200 tons of food. It will be towed by a Spanish Ch
Artificial intelligence and other technologies such as robotics and Quantum Computers are vital for long term growth. The Senior Market Strategist Davis Is gave us his thoughts. Davis is gave us his thoughts davis is gave us his thoughts. Davis is gave us his thou~hts. ,. ,. , thoughts. The emphases on improving thoughts. The emphases on improving coordination thoughts. The emphases on improving coordination between governments, local governments and central governments. Not many and central governments. Not many people talk about this but i think many people talk about this but i think this is very important because i think this is very important because if this Coordination Programme or plan is made effective, it will go a long way effective, it will go a long way to effective, it will go a long way to improve policies and implementations in china. And governments do not talk to each other governments do not talk to each other much and that really slows other much and that really slo
Coming up on this weeks show. The atmosphere is brilliant. Youve got the singing, lots of shouting. Thats so good. Thats so tasty. Some people want train sets, i wanted a castle. Scotland is a perennialfavourite when it comes to travel. From its rugged and dramatic highlands to its vibrant cities and festivals. Considering its relatively small size, scotland really does punch above its weight when it comes to tourism. And this week were looking back at some of our favourite travel show adventures there, kicking off with the time i headed to shetland to experience something thats firmly based in the islands viking past, although a big change is under way. Sitting halfway between the scottish mainland and norway, the Shetland Islands have a unique combination of cultures. And today the sleepy town of lerwick is facing an invasion from a long dormant foe. Shouting the vikings. Cheering and shouting so this is up helly aa. Its one of a number of viking festivals that take place in shetland