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welcome to the programme. it was budget day here in britain today. a big set piece annual event in which the chancellor stairs into the crystal ball, and tries to predict the future — and how best to steer the uk economy through it. the obstacles in his way are common to europe and the united states. high inflation, higher interest rates, and since the pandemic, an intractably acute labour shortage. this graph trackjob vacancies across europe since august 2022, historically high after the pandemic, but you will see the uk, the red line at the very top, is struggling more than most....

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. pric...

we speak to the swedish company aiming to make freight more electric and looking to the uk market. the sacked boss of the cbi has told the bbc that he has been made the fall guy for the crisis engulfing the business lobbying group. tony danker apologised to anyone at the organisation that he had upset or made uncomfortable, but said his reputation has been destroyed as the public have wrongly connected allegations against him of sexual harassment with separate charges of serious misconduct that occurred before he joined the cbi. he has been talking to our business editor simonjack. f...

welcome to the programme. before we go any further, let's take you to the polish capital warsaw, where it'sjust gone midday and a ceremony is taking place to commemorate the memory ofjewish people killed in the warsaw ghetto uprising, which started 80 years ago, on april 19th 1943. more than 10,000 inhabitants were killed when they defied we can heara we can hear a siren in the background marking this key moment as crowds gather. siren blares more than 10,000 inhabitants were killed when they defied we can hear a siren in the background marking this key moment poland's nazi occupiers...

of living. the snp treasurer, colin beattie, has been released without charge, pending further investigation, after being questioned by police examining the party's finances. children conceived as a result of rape will soon be legally recognised as victims in england and wales. you're questioning everything about yourself. looking in the mirror, almost like i could see the man who raped my mother looking back at me. in sport, feeling the blues as reality hits. madrid knock chelsea out of the champions league — their last hope of silverware — and with it goes their hopes of qualif...