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the australian prime minister, and the us president. the three countries are expected to agree to provide australia with nuclear powered submarines. now on bbc news, talking business. welcome to talking business. take a look at what is on the show. rates are rising around the world so why aren't more savers getting a better deal from the banks? bumper profits are expected from the biggest financial institutions this year as they charge more to borrow but those with savings have not been the same consistent increase in with what they get paid with putting money in the bank. so why not...

Well, this is at, the moment, the way the markets work but this is not a well—functioning market. banks serve all sorts of very important purposes and they face costs, so they they should make a margin. i am not saying that the banks should pass on the full 4% to the savers, but i doubt that keeping a 3% margin is really necessary. people don't really move their money around. they should, but they don't. and this is what lets the banks take advantage of. but, fred, i'mjust thinking here — if the banks already are sitting on a pile of money, they don't need new deposits, there's no competit...