Traders were also encouraged by new Inflation Data forjanuary that showed the smallest increase in goods and Services Prices for three years. That has added to bets that the Federal Reserve is on track to start cutting Interest Rates injune. Our north America Business correspondent Erin Delmore Reports from new york. All three of the major us Stock Indexes closed out february with a bang. The Tech Heavy Nasdaq Hit an all time high and it is the first time we have been able to say that since november 2021. Another new high for the s p 500. Both indexers enjoyed their best february high for the s p 500. Both indexers enjoyed their best february since 2015. The Dowjones Industrial Average for its part was up as well. That makes february the fourth straight month in the green for wall street and the Leap Day Boost was helped by some new Inflation Data. Well, the market today is reacting to a favourable continuation of inflation coming down in a trend towards the Federal Reserve s target.
from the pay review bodies in full but it came with a warning from the prime minister, rishi sunak, that this was a final offer and further industrial action would not change that decision. the teaching unions responded immediately, saying they would recommend their members accept the offer. and end strike action. the announcement came as junior doctors began five days of strikes, what their union calls, the longest stirke action in the history of the nhs. they re demanding a pay increase of 35%. ministers have said, that s unreasonable and risks fuelling inflation. we ll have more on that in a minute. let s have a quick look, though, at the recommendations, which affect millions of workers. police officers have been offered 7%. consultants, dentists and gps, 6%. junior doctors, 6%. prison officers, 7%. the armed forces, 5%. teachers 6.5%. this was rishi sunak a little earlier. i can confirm today that we are accepting the headline recommendations of the pay review bodies
year s annual bastille parade? and we will talk movies, a glut of new releases currently at the cinema, but if the actors join the writers on the hollywood picket line, what will winter look like at the box office? all that to come, but lets start, shall we, on a positive note. the four teaching unions in england have called off their proposed strikes, after the prime minister honoured the recommendations of the pay review bodies. rishi sunak has ruled out any further borrowing to increase the salaries of public sector workers, which means that today s announcement, which goes well beyond the 3.5 percent deemed affordable by the treasury, will need come from existing budgets. mr sunak said government departments will need to reprioritise spending to fund the increase raising fears of cuts across public services. the prime minister said this was a final offer, and there would be no further negotiation. it would not be right to increase taxes on everyone to pay some people
the first asian mp in scotland. he trained as a dentist but then he returned to the family business politics. anas sarwar, welcome to political thinking. my pleasure, thanks for having us. now which is more frightening, waiting for the dentist drill or waiting for the verdict of the electorate? definitely waiting for the verdict of the electorate. i mean, the great thing about dentistry is that you get to be in complete control about, you know. the dentist always asks the awkward questions when they are already in the person s mouth doing the treatment, and i used to always have this thing with my patients when they came in, i always used to try and loosen them up, say, you know, don t worry, i m a pain free dentist. i never feel any pain. and, you know, that, that interaction part was what i loved about dentistry and actually the people interaction part is what i love about politics as well. i was going to say. although some people would say being a dentist, really deep