BBCNEWS World Business Report July 7, 2024
let's start here in the uk, where prime minister liz truss is no longer promising to increase state pensions in line with surging inflation, and has asked ministers to look for more spending cuts. two weeks ago, the prime minister said she was "committed" to what's known as the triple lock. that means payments rise by whatever is higher between prices, average earnings or 2.5%. however her spokesman said truss was now "not making any commitments" on government spending. inflation figures are out in a few hours�* time and expected to show its at 10 percent, whilst the figure for ave...