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Increase wont come. Lets not forget that yesterday we heard that average uk wages were rising at their fastest pace in 20 years. Joining me now is Neil Shearing group Chief Economist at capital economics. Thanks very much for being with us today. Clearly it is pretty good news, but is it happening fast enough, oras news, but is it happening fast enough, or as fast as we had hoped . The fall in the Headline Rate of inflation, as you say, thats going to be welcomed by the Bank Of England. It takes a bit of pressure off them. But when you start to dig into the details of this report, i think perh...

Plus, were learning more about the failed Plea Agreement for hunter biden and the questions raised by the judge in that case. And also ahead well bring you new reporting on a private meeting between President Biden and former president obama over concerns over the 2024 election. Good morning and welcome to Way Too Early on this thursday, august 3rd. Im jonathan lemire. Weve got a big day ahead. Thanks for starting it with us. Well begin in the nations capitol where just down the street from where he was inaugurated back in 2017, the former President Donald Trump will be criminally charged toda...

Favour over the past month. Weve seen sterling rise that will help temper the Price Pressures from imports. Weve also seen other pressures in the markets where theyve been raising some questions about the Bank Of Englands credibility, as in Mortgage Rates going up without decisions being made that has all calmed down, too. And the public� s expectations of where inflation is going, which were really very high, have now begun to temper. So thats also going in the banks favour. But a crucial issue is that they have raised rates by 5 the impact of that has really taken some time to filter throu...

Have about 3. 5 minutes of extra time to go. We are deep, deep into injury time, i should say, and, to go. We are deep, deep into injury time, ishould say, and, yes, i think england, they have a five goal lead, even a draw would take them through as Group Leaders but they have absolutely blown china away. There was some criticism of england coming into this. Theirfirst there was some criticism of england coming into this. Their first couple of games, they won but only 1 0 against opposition they certainly, in haiti, they thought they should have beaten more comfortably, but this time against c...

Not in line. What the bank is doing is looking back at inflation, but forward at what this Rate Decision may influence in terms of behaviour. I think, from last Bank Of England became, where they moved a 50 basis points, that was taken as a really big jump in rates. Since that decision, we have seen some improvement in inflation numbers. There were still some calming for a 50 basis point change, but i think that this was more of the consensus. As you say, the balance between trying to get inflation under control, because lets not forget, that also makes people poorer in the long run, and also,...