You expecting . I think there will be a rate rise and everyone you expecting . I think there will be a rate rise and everyone is a rate rise and everyone is expecting 0. 25 from the bank today. The challenge it has is that its looking at what inflation has already done and we know Interest Rate rises take quite a while to filter through. Rate rises take quite a while to filterthrough. Is rate rises take quite a while to filter through. Is any danger here that rates go too high and therefore strangle the economic recovery . There is always a risk when putting Interest Rates up, its a really hard job to do. To know that when youre putting your foot on the accelerator that is going to do the right thing because there are lots of lags in how long it takes. In general, you get the sense of the Bank Of England and the message, they are more concerned about doing nothing, they feel that they can dial back on that a little bit more than letting inflation continue to persist. Obviously, the risk of that in the short term is that there is quite a lot of pain for consumers and businesses in the economy. I want to talk about that and it makes borrowing a lot more expensive, that is essentially what rising rates do, they are at all to make us poorer and it stops us spending and that, the theory or tell us, it brings down inflation. We know so much of inflation is being driven by factors outside of the uk . fix, inflation is being driven by factors outside of the uk . Outside of the uk . A lot of that actually seems outside of the uk . A lot of that actually seems to outside of the uk . A lot of that actually seems to be outside of the uk . A lot of that actually seems to be moving i outside of the uk . A lot of that actually seems to be moving in | outside of the uk . A lot of that actually seems to be moving in the right direction. Things like food prices, energy prices, they have been coming down and to be there, they are responsible for a lot of they are responsible for a lot of the large falls we saw, especially in the last market figures. What the Bank Of England is interested in is domestic inflation, the behaviour of wage groups and the price of services. All of those, since their last Interest Rate rise has been some positive news. Unemployment is slightly up, its terrible to say thatis slightly up, its terrible to say that is positive news but it means a Labour Market is slightly less tight, which means there is less pressure on bringing rages up wages up. Domestically, there is some good news going on. In wages up. Domestically, there is some good news going on. In the uk, we know inflation some good news going on. In the uk, we know inflation is some good news going on. In the uk, we know inflation is coming some good news going on. In the uk, we know inflation is coming down we know inflation is coming down more quickly elsewhere. We are still talking about them going up . Partly, a lot of that is talking about them going up . Partly, a lot of that is to talking about them going up . Partly, a lot of that is to do talking about them going up . Partly, a lot of that is to do with talking about them going up . Partly, a lot of that is to do with the a lot of that is to do with the Labour Market. A large part is because of economic inactivity. So a large rise in number of people who are not involved with the Labour Market following the pandemic. Thats gone down a little bit, its at the lowest point since it was in the spring of 2020 so hopefully there is some sign of demand there. The b word properly has something to do with it, that will have implications for how well markets work. And ultimately, how much we have to pay people. Work. And ultimately, how much we have to pay people have to pay people. Really good to have to pay people. Really good to have ou have to pay people. Really good to have you with have to pay people. Really good to have you with us. Have to pay people. Really good to have you with us. Thank have to pay people. Really good to have you with us. Thank you have to pay people. Really good to have you with us. Thank you for. Have you with us. Thank you for that. Its worth reminding you we will have full coverage of that Interest Rate decision right here within the next half an hour. Next to turkey, which has recorded a fresh spike in price rises, after eight months of falling inflation from a peak of over 85 last year to 37 . Its now up to nearly 48 . The head of Turkeys Central Bank has more than doubled Interest Rates to 17. 5 in herfirst two meetings. Lets discuss this challenge with guido cozzi professor of macroeconomics at switzerlands university of st gallen. If you are able to hear our previous conversation, we were talking about Interest Rates in the uk being at 5 . In turkey, i7. 5 . It put things into perspective somewhat . Yes. 5 . In turkey, 17. 5 . It put things into perspective somewhat . Yes, it looks hiuh into perspective somewhat . Yes, it looks high but into perspective somewhat . Yes, it looks high but actually into perspective somewhat . Yes, it looks high but actually its into perspective somewhat . Yes, it looks high but actually its not looks high but actually its not because with an Inflation Rate of 47 , clearly i7. 5 means a big negative difference between the Interest Rate and the current inflation. Its true that what matters for the real Interest Rate is a difference between Interest Rates and the expected inflation however, that even worse because the central bank recently predicted and expected 58 . On the other side, it is a big increase from the previous trend after winning the election, president erdogan replaced central banker and a Minister Of Finance and the whole team of more orthodox economists are now leading turkey so we can expect more increases in the Interest Rate and more to come possibly on the fiscal side. Turkeys set of challenges a rather unique, notjust facing rising prices but we know that the Central Bank Reserves have fallen pretty sharply as a country has tried to pfp up sharply as a country has tried to prop up the lira. Just explain what is going on there . Is going on there . There is a deficit in is going on there . There is a deficit in the is going on there . There is a deficit in the public is going on there . There is a deficit in the public budget, | is going on there . There is a l deficit in the public budget, so is going on there . There is a deficit in the public budget, so a big deficit there and a deficit with the current account, driven obviously by the trade deficit. So with a long negative current account for more than a year, clearly reserves are being exhausted, they enter negative territory and so this means that higher Interest Rates are very important, not only to call down demand, which is important, but also to attract capital, more into turkey so that they will not run out of reserves and go bankrupt. Briefly, watch room for manoeuvre is therefore the central bank right now in turkey . The therefore the central bank right now in turke . , ~ , in turkey . The central bank is manoeuvring in turkey . The central bank is manoeuvring now in turkey . The central bank is manoeuvring now in in turkey . The central bank is manoeuvring now in different| in turkey . The central bank is manoeuvring now in different areas but it is trying to increase the Interest Rates so obviously if you dont have enough reserves, you cannot afford a fixed Exchange Rate redeem so you have to leave their currency fluctuates depending on demand and supply. The good thing is that this new team has much more credibility so the spread has declined, the investors perceive turkey as less risky so this is a good thing. On the other side, the Public Spending should help, for the moment taxes have increased because clearly after the election, president erdogan is moving into a less, trying to Restore Public finances a bit. Less, trying to Restore Public finances a bit. , ~ ,. ,. To asia now, and india s government is reviewing its Atomic Energy law to allow private participation in the country s Nuclear Power sector. The information was revealed during parliamentary questions by the countrys federal Atomic Energy minister. Our India Business correspondent has more from mumbai. Well, this is essentially being considered with an aim to develop Small Modular Reactors, which can help india reduce its dependence on fossilfuels quicker. Now, these are typically reactors that generate about 300 megawatts of power. Right now in india, private players are allowed only in the Technology Development of construction of Nuclear Power plants. But operations and management are controlled by government companies. Allowing the private sector into these areas will entail reviewing a six decade old law and could potentially be a long drawn process. The government says it is currently assessing the feasibility of the Small Modular Reactor technology and wants to explore ways of collaborating with other countries to develop it. In the long run, this will be important for indias ambitions to meet half its energy needs from clean sources. Currently, about 70 of indias power comes from coal, and the country is the worlds Third Largest emitter of greenhouse gases. While a big chunk of the increase in indias Nuclear Power capability will be through large sized plants, the smaller modular reactors may become critical as they take much shorter periods to build. Nikhil inamdar, bbc news, mumbai. In china, shares of Technology Companies have fallen sharply, after its cyberspace regulator said under 18s should be limited to a maximum of two hours a day on their smartphones. Heres katie silver in our Asia Business hub. So, these reforms that have been brought about or implemented by the Cyberspace Administration and china suggest that Tech Companies should create a so called minor mode for young people to use their platform. Under this mode, young people wouldnt be able to use it from the hours of 10 00pm at night until 6am in the morning. And theyre also going to need to implement measures for how young people are going to be limited on their platform in terms of the amount of time theyre allowed on it. So to give you an idea, if children are aged 16 to 18, they would be allowed two hours of this screen time every day. If theyre aged eight to 16 so, younger they getjust one hour. And if theyre under eight years of age, theyre only allowed eight minutes a day. Now, theyre saying as well that these Tech Companies should be able to create a situation where parents can opt out of this and they are seeking Public Feedback for the next month on it. But we have certainly seen an impact on shares. For example, shares in the Video Service bilibili, it dropped about 7 on the news. Kuaishou, which is a video sharing platform, it was down about 3. 5 . And tencent, which is the Company Behind wechat, it lost 3 . Now, many are saying this could create a real headache for Tech Companies, if you think about the amount of money and time and effort its going to cost to implement it, as well as the risks of noncompliance. And those risks, of course, are both regulatory as well as financial. And some are saying perhaps that we mayjust see youth banned or young people banned altogether from these platforms. Its also certainly not the first time that weve seen a crackdown from beijing on the young peoples use of technology and screen time in recent years. For example, back in 2021, we saw them implement a curfew on young people using video games and some platforms such as douyin, which is owned by bytedance, the Company Behind tiktok, has already got teenage modes, and they allow, for example, just a0 minutes of usage by young people every day. Beijing, for its part, though, has said that the Tech Crackdown is over and that its going to be now supporting the development of Tech Companies in the country. This is pauline. She teaches diving at Skegness Aquarium and shes 76 years old. I find it very therapeutic. I enjoy being in amongst the fishes. Pauline has been here for eight years and teaches people of all ages how to dive. She says the oldest person shes taught was 90 years old. I like helping people, especially the people that are nervous. If we have trouble getting them into the water, once theyve actually managed to get in and come out all smiles, that is the best, best feeling. Just make you feel proud for them that theyve overcome something. Yeah, im happy for me. Im happy for any of the other guys that have done that process to get them, because i dont dive all the dives. But when we get there, in the end, yeah, it is. Its a good feeling. And those that work with Pauline Adore her. They even have their very own nickname for her. Yeah, we call her grandma shark, because she is the oldest shark weve got in this building. And its good because we added her onto the e learning. So everyone that comes here to do the dive, they see her on the actual e learning before they go, on their homework. So its good. So everyone comes in, asks for her to see if shes in on that day. And for pauline, underneath the water, amongst the fish, is where she says she belongs. Age isjust a number. Hello from the bbc sport centre. Im hugh ferris. Theres just one more group to be decided at the womens world cup in australia and new zealand. And the final matches in group h should be reaching half time. Significant for germany as well. They equalised against south korea to make that one level, it is also a level between morocco and colombia, both in injury time by the end of the first half. That is why those goals could be significant as we show you the group h live table. As it stands, germany are going through. The might of germany were heading out on the world cup but that equaliser means that they will qualify in second place. France and jamaica await the two that qualify from group h. Seven time super bowl champion tom brady has become the latest High Profile Sports star to get involved with an english football club. Lebronjames has a small share in liverpool. Jj watt is a burnley shareholder. And now brady has become a minority owner at a second tier team. Im officially coming on board at Birmingham City football club. Birminghams new owners say theyve entered into a partnership with the nfl legend, who will become the chair of an advisory board, offering up his expertise on nutrition and opening up possible new commercial deals