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dutch side az alkmaar. welcome to liverpool. one day to go until the final of the eurovision song contest. it is noisy here this morning. we will be meeting some of the people making this huge event happened. we are on a mersey ferry, snowdrop. we are on a mersey ferry, snowdrop. we will be across the mersey this morning. look at the view. we should hold onto it because today west is best in terms of sunshine whereas in central and eastern areas, cloudy with rain. it s friday the 12th of may. rail passengers have been warned to expect severe disruption from today as train drivers walk out again over pay. many trying to reach the eurovision song contest this weekend and the fa cup final next month could see their plans cancelled, as zoe conway reports. in liverpool this weekend, you ll find people having the time of their lives. devoted eurovision fan harry cunningham hoped to be there, too, but he s stuck in london because of the train strikes. we had planned like this month ....
rates to a 15 year high at 4.5% as it continues its fight against high inflation. and donald trump calls for republicans to let the us default on its debt rather than give way on biden s spending plans. hello. a warm welcome to the programme. this is world business report, i m ben thompson and we are going to start in the uk where the bank of england has raised interest rates for a 12th consecutive month. all of that as it tries to fight high inflation. uk interest rates were raised by 0.25%, while the bank said inflation would fall sharply in april but not as far or as fast as it previously thought. last month inflation slowed to 10.1% but that figure is still way above the bank of england s target. remember that target is 2%. let s speak to victorias, head of investment at interactive investor. lovely to see you. let s talk about what we have heard. first the interest rate itself because the interesting stuff is what the bank told us about what might happen next. a wi ....
Could rise to 5% by august. clearly, inflation, as you mentioned, is sharply above target. and unlike other countries like the us or countries in europe, it hasn t come down. the rate at which prices are rising is now starting to slow. the chancellor has set his sights on inflation being halved by the end of the year and the latest forecast is that the economy will avoid a recession. iamjoined by i am joined by dave, the boss here. this is a wall of what will be somebody s house. this is a wall of what will be somebody s house.- this is a wall of what will be somebody s house. this is a wall of what will be somebod s house. ., ., , ., somebody s house. how does it work? we build 2-4 somebody s house. how does it work? we build 2-4 homes somebody s house. how does it work? we build 2-4 homes every somebody s house. how does it work? we build 2-4 homes every week. - somebody s house. how does it work? we build 2-4 homes every week. the | we build 2 4 homes every week. the homes ar ....
Interactive investor. lovely to see you. let s talk about what we have heard. first the interest rate itself because the interesting stuff is what the bank told us about what might happen next. a widely tipped, rates went up, they did, to tackle inflation. . , ., inflation. that s right, we saw a uuarter inflation. that s right, we saw a quarter point inflation. that s right, we saw a quarter point move inflation. that s right, we saw a quarter point move widely - inflation. that s right, we saw a - quarter point move widely expected to 4.5% and it does look as though they could be further interest rate hikes on the cards in the next few months. goldman sachs is predicting that uk interest rates could rise to 5% by august. clearly inflation, as you mentioned, is sharply above target, and unlike other countries like the us, all countries in europe, it hasn t come down. in the us inflation is now at 5%, that s less than half where we are, so that suggests that more monetary policy ....