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In the global banking sector. it hiked rates by quarter of a percentage point at the conclusion of its two—day meeting, leaving the benchmark overnight rate in a range of 4.75 to 5%. it was the ninth hike in us rates since march last year, as the federal reserve also battles to rein in decades—high inflation. but it did hint that it's nearing the end of its hiking cycle. we can speak to former labour treasury minister, now chief economist at the institute of directors, kitty ussher. do of directors, kitty ussher. you think the bank of er do you think the bank of england was in a spot where...

To "stick to the plan to halve it". and the the us central bank — the federal reserve — has raised us interest rates again in the past couple of hours, despite the turmoil in the global banking sector. it's hiked rates by quarter of 1% at the conclusion of its two—day meeting leaving the benchmark overnight rate in a range of 4.75 to 5%. it's the ninth hike in us rates since march last year let's talk about the economics here with joel and let's talk about the economics here withjoel and anna. let me bring you in with what is happening in the us, only a couple hours ago it was justified ...

At the start, the royal college of nursing wanted a pay rise of 5% above inflation. at one point, that could have meant an increase of 19%. the government gave nhs staff 4.75%. then the royal college of nursing said, well, look, we're prepared to meet you halfway, but the government was adamant that they weren't going to shift on that pay offer for the year. so what has now happened is that the government has made a submission to the independent pay review body about pay next year. this is a pay rise kicking in in april, and it has suggested a 3.5% increase. that is just the opening submission...

Meant an increase of 19%. the government gave nhs staff 4.75%. then the royal college of nursing said, well, look, we are prepared to meet you halfway, but the government was adamant that they were not going to shift on that pay offer for the year. so what has now happened is that the government has made a submission to the independent pay review body about pay next year. this is a pay rise kicking and in april, and it has suggested 3.5% increase. that is just the opening submission. the review body could well recommend more. in previous years it has. what it has allowed the two sides to do is...

About. what has changed? from the start, the royal college of nursing was asking for a pay rise of 5% above inflation, at one point, that could have been a rise of up to 19%. but the government gave 4.75%. now, the rcn then said that it would be willing to meet ministers halfway, but the government was adamant they were not going to revisit that pay award. what has happened now, though, is that the government has made its submission to the independent pay review body for the pay rise for next year, coming in, in april, and it has a suggested increasing pay by another 3.5%, that is just an init...