BBCNEWS BBC News at One June 4, 2024 12:03:00
Everything. the wage, salaries. right now, not only our price rises not slowing down, on when men met —— on one measure, they are actually speeding up. look at the blue line, headline inflation, it has come down from its peak. but look at the red line, that so—called core inflation meaning you strip out volatile items like food and fuel, and that has been rising. 7.1%. that means the bank of england is likely to push up interest rates higher and for longer than previously thought to try to tame inflation, so trouble on global financial markets. the yields on gilts, meaning the interest r...