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i'm going to be discussing it with these three, there they are, matthew plosser from the new york federal reserve, liz lumley from the banker magazine, and frederic malherbe from university college london, who thinks central banks should consider more radical steps to get the banks to pass on better deals for savers. plus, the boss behind the trains of tomorrow. my interview with the global ceo of one of the world's biggest train and tram makers, on the future of transport across the world. wherever you arejoining me from around the world, once again a big hello, and warm welcome to ...

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...

Profits, it's...it'sjust not a good look. and i think that they're looking a little wary that something like that might happen. but we'll see. 0k. well, on that point, liz lumley from the banker magazine, a real pleasure having you on the show. thanks for your time, and i'll talk to you soon. thank you. well, my next guest from university college london says that central banks should be looking at taking radical steps to change this situation, if banks don't pass on interest rates to savers. frederic malherbe, a real pleasure having you on the show. i know you like to go by, fred, so we'll sta...

You know, putting in regulation or the central banks are saying, "we just can't raise interest rates any more" and they will drop them. so, the banks are kind of playing a waiting game, they're not going to raise interest rates for saving products until they see exactly where the interest rates are going to go. because if they fall, they don't have to do anything at all. briefly, though do you see that coming around the corner, middle class in society slipping? i mean, during covid, the banks had a brief period where they were the good guys, you know, with the bounce back loans and, you know, ...