we start here in the uk where investors are now betting the cost of borrowing will have to keep rising because inflation remains stubbornly high. that s despite a pledge by the government to bring it down, and a barrage of interest rate rises by the bank of england attempting to get it under control. just a few weeks ago, we were assuming that after 11 increases in a row, the bank would not have to raise rates much further. but on wednesday, there was a major rethink on financial markets, which are now pricing in three more rises this year, with rates hitting 5%. here s why. prices in the uk are still rising much too fast, with inflation at 10.1% in the year to march. that s a bit less than the 10.4% recorded in in february, but was still much higher than expected. economists were predicting inflation would fall into single figures. one of the biggest factors the soaring cost of food and drink. it s up over 19% in the past year. it s the fastest rise in 45 years accordi
describe their suffering. i ve got complex ptsd from it all, i ve had mental health problems from it all, i tried ending my life because of it all, i couldn t have a bond with my son when he was first born because of it all. storm freddy, one of the strongest storms recorded in the southern hemisphere, has now hit malawi causing more than 100 deaths. and in tonight s football, manchester city recorded a convincing 7 0 win against rb leipzig. erling haaland scores five goals. and coming up on the bbc news channel. constitution hill remains unbeaten in the victory of the champion hurdle on day one of the festival! good evening. on the eve of the budget the first to be delivered by the chancellorjeremy hunt there s expected to be a significant expansion of free childcare provision in england. it s part of a strategy to get more people back to work given the shortage of staff in some key sectors. scotland, wales and northern ireland are expected to receive equivalent levels o
of that, and no demands in the settlement for fox to retract what they had said. so what sort of precedent does that set. we will discuss tonight with paul waugh chief political commentator of the i paper and also with us former spokesperson for the republican national committee doug heye. talking of record pay outs, how much higher will interest rates have to go, before we put a meaningful dent in the march inflation figures. and as we stumble from one crisis to another, can we be confident that congress will avoid a damaging default. there is rancour in republican circles, and no sign of compromise from the white house. but let us start tonight with the story that affects all of us. inflation stickier than an overpriced hot cross bun. it is resolutely high in spite of the fact our interest rates continue to climb. and we know what effect that has on the broader economy. it is putting pressure on wages, its fuelling the unrest, growth is aneamic, there is less and less