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Make commitments is when they are pressed on how much you would be given to train drivers, how much would they be giving to teachers and nurses, because labour are trying to find a balance between not saying they would give the inflation level strikes that some of the employees would like to see but certainly trying to suggest that they would be taking a more generous approach than the government is. but there line and the ones —— one they seem to be taking is that if they were in government they would take a more proactive role. government they would take a more proactive role-— proacti...

Picture at the moment is, the government says it does not have the money to pay inflation level pay rises. inflation is obviously running at over 10% just now. the government says the cash is not there to pay for similar pay rises. it also argues that if you did, you could make the problem of inflation worse and basically embedded in the system so people's pay was going up by a significant amount and inflation would stay high as well. rishi sunak has said his number one priority is to bring down inflation. that will not solve the problem for people seeing living standards squeezed, folk who ar...

Just the average cost of a meal for ten people up 20%. and then the crown jewel the turkey up more than 20%. we talked to a food analyst why we see the sticker shock coming to turkeys. >> anything that's made with grain or gets fed grain like a turkey has a huge cost increase. and that is driven much by the fact that ukraine is having a hard time exporting but the biggest problem is general inflation level, everything from wages to transportation. >> reporter: that's not all. you said it yourself. we see the rising prices and ingredients. fruit and veggies up 10%. flour 25%. butter 34%. eggs 4...

Is basically an indication as to how creditworthy the investors see the uk, so that has caused problems, of course, because at a time of dramatically increased government borrowing, when the cost of that borrowing, when the cost of that borrowing increases, it is an additional headache for the government, and of course it is a time of high inflation, 9.9% is the current inflation level, so what the chancellor is hoping he will achieve this morning when he announces that those measures are being pulled back will be that it continues to calm the markets. so that is the economics of it but of cou...

Runaway inflation. we have high, uncomfortable inflation and the federal reserve is intent on fighting it, and i think the inflation level a couple of years from now will be back to normal about 3% a year. that means that mortgage rate probably at that time could be somewhat lower. people who are entering the market today. america the great, one of the great part is people can always refinance at lower rates in the future, unlike many residents in other countries. so for americans, the opportunity to refinance when the mortgage rate falls, that's a great thing. >> right. so what has to happen ...