if you have just joined if you havejustjoined us it is time for the top business stories. we start here in the uk where in the next few hours the bank of england is widely expected to raise the cost of borrowing for the twelfth time in a row. the quarter percent rise most economists are predicting would take the bank s main interest rate to 4.5% the highest it has been in almost 15 years. the big question though will it be enough to start to get inflation, which is still running at more than 10% a year, under control? let s speak to katharine neiss she has held various roles at the bank of england and is now chief european economist at p gim fixed income. good to have you on the programme. iassume good to have you on the programme. i assume you are with the majority believe we are looking at a rate hike today of another 25 basis points. today of another 25 basis oints. . , today of another 25 basis oints. . , ., , points. that s right, that s the consensus p
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the british computer scientist stuart russell, a pioneer in al, has used the metaphor, ai, has used the metaphor, saying before it is like assault engineers are really good at making asphalt and they trust us that we know where to put the paving, we know where to lay the asphalt. just trust us, we will make good choices. i think the moment we are in now as people are starting to say, wait a second, what about guard rails, about road markings, what about construction of all of those drivers? this metaphor is completely apt for al. we are leaving the era of being able to leave companies to self regulate, and we are coming into a moment where we know we need the work of academia, to help train talent and raise the important and vital questions that keep innovation alive, we need government to help step up and do thejob of