let s start here in the uk, where prime minister liz truss is no longer promising to increase state pensions in line with surging inflation, and has asked ministers to look for more spending cuts. two weeks ago, the prime minister said she was committed to what s known as the triple lock. that means payments rise by whatever is higher between prices, average earnings or 2.5%. however her spokesman said truss was now not making any commitments on government spending. inflation figures are out in a few hours time and expected to show its at 10 percent, whilst the figure for average earnings is just below 5.5%. joining me now is dan kemp global chief investment officer at morningstar investment management. this investment management. will be a real concern foi many this will be a real concern for many pensioners, this trust when asked about the triple lot can my colleague asked her she said she was committed to that? you are correct, it will be of great concern to pension
states forward today we are in 17-20 states. ~ . , . , forward today we are in 17-20 states. ~ ., , . , ., states. what is the recipe on this one? states. what is the recipe on this one? despite states. what is the recipe on this one? despite launching | states. what is the recipe on i this one? despite launching the businessjust this one? despite launching the businessjust before this one? despite launching the businessjust before the - business just before the pandemic they have been able to thrive. part of the successes and award winning product but tennessee also has one of the lowest cost of living in the country. property taxes are low and the state has no income tax. , ., . ., tax. every other day we hear big corporations tax. every other day we hear big corporations are - tax. every other day we hear big corporations are moving | big corporations are moving here from new york from seattle or san francisco and every other day there are different developments going u
the programme so early. - stay with us on bbc news, still to come: open for business we head to tennessee, to find out why the state is a hotbed for american entrepreneurs. a historic moment that many of his victims have waited for for decades the former dictator in the dock, older, slimmer and, as he sat down, obedient enough. dawn, and as the sun breaks through the piercing chill of night on the plain outside korea, it lights up a biblical famine now, in the 20th century. the depressing conclusion in argentina today, - it is actually cheaper to paper your walls with money. we ve had controversies in the past with great britain but as good friends, we have always found a good and lasting solution.
those of the kind of technical details and it is very technical, located stuff within the energy market but i think the energy market but i think the big picture, what you are looking at here are potentially major interventions in the energy markets, sparked in part of because by the ramifications of because by the ramifications of russia s invasion of ukraine. it is notable as much for what it is not as for what it is and it is not a kind of price on wholesale gas prices which is something that certain european union countries, notably in a letter that 15 states wanted to see so that argument and discussion will continue as to whether the eu commission the commission and the should be going further. for every 1,000 residents in the state of tennessee, there are four chief executives. it s a hot bed for entrepreneurs and continues to attract more. it has the reputation of being one of the best states for business we sent to tennessee samira hussain to find out why.
this is bbc news with the latest business headlines for viewers in the uk and around the world. filling the fiscal hole liz truss no longer promises to raise pensions in line with inflation and asks her cabinet to look for more spending cuts. the rising cost of living. the uk s latest inflation figures are out shortly. we ll be heading to sunderland to see how working families are coping with higher prices. back with a bang! mega hits such as stranger things help netflix fight back against its rivals and add more than two million new subscribers after its recent slump. and open for business. we head to tennessee to find out why the state is a hot bed for american entrepreneurs.