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so let s now get down to business and we begin with the bank of england and the warning that interest rates could go up by as much as half a percentage point at its next rates meeting. that s according to the bank s governor, andrew bailey. he was speaking to financial leaders in london last night and pledged to do whatever it takes to get inflation under control. we will have to act forcefully. in simple terms it means a 50 basis point increase will be among the choices on the table when we next meet. but it is not locked in. and anyone who predicts that we will do that is doing that based on their own view. we do not pronounce rate decisions for one very simple reason, and pc decisions are based on deliberation at the time on nine people focused on retaining inflation to the 2% target sustainability. well, injust over an hour s time we will get the latest inflation figures for the uk. prices have already been rising at the fastest rate in a0 years at 9.1%. joining me ....
has it sent our panel to sleep? has europe yet woken up to the prospect of energy rationing this winter? and are the democrats slumbering whilst donald trump is thundering? here in the studio are jef mcallister, an american lawyer, who was london bureau chief for time magazine. the french author and journalist, agnes poirier and adam raphael, who has been commentating on british politics since the 1970s. thank you very much for being with us. adam, let s start with the british conservative leadership contest. in effect the beauty contest. in effect the beauty contest for britain s next prime minister. it s been 101, blue on blue in some of the attacks. how revealing or interesting has it been? ~ ~h revealing or interesting has it been? ~ . , , revealing or interesting has it been? ~ , been? well it has rightly pointed out this only been? well it has rightly pointed out this only hundred been? well it has rightly pointed out this only hundred and - been? well it has rightl ....
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Chief executive. we have had issues across the board. it comes from small components and small electronics components as well like other industries, the car industry. there are aerospace specific issues we have to deal with. there is no specific commodity impacted more than others. it is an issue with the staff in the us, europe, an issue with logistics, finding raw materials is not easy at the moment. all suppliers are struggling to emerge from 15 months of flying idle, which is basically what we re seeing, coming out of covid 19 that is difficult and we think it will last for at least 12 months and thatis last for at least 12 months and that is the situation we are in. that is the situation we are in, , ., , that is the situation we are in, y., , ., that is the situation we are in. so you still have supply chain problems in. so you still have supply chain problems and - in. so you still have supply chain problems and we - in. so you still have supply| chain problems and we still ha ....