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us inflation is up, but not by as much as expected. could this lead to a pause in interest rate rises? plus, the tide turns for sri lanka. can it ride a wave of tourism back from the worst economic crisis in its independent history? hello there, welcome to world business report, with me, mark ashdown. we start in the us were inflation data is out, prices up injuly, but less than expected. the consumer price index, that key inflation figure, rose to 3.2% compared to a year ago. of course, it was running at 3% in of course, it was running at 3% in june, so on the face of it the pace of hike rises has ticked up again, but markets had expected a bigger
£5 million will be issued with the design based on westminster abbey, which of course is where the coronation took place of the king earlier this year. believe or not, there are currently 27 billion coins in circulation from the queen's reign, so it'll be interesting to see the king's coin enter circulation in the uk. we will be backin circulation in the uk. we will be back in a few minutes' time with the very latest, and all the latest business news with mark ashdown. stay with us on the bbc. hello. for many parts of the uk it feels as if summer has made a return. the warmest weather we have
us inflation is up, but not by as much as expected. could this lead to a pause in interest rate rises? plus, the tide turns for sri lanka. can it ride a wave of tourism back from the worst economic crisis in its independent history? hello there, welcome to world business report, with me, mark ashdown. we start in the us were inflation data is out, prices up injuly, but less than expected. the consumer price index, that key inflation figure, rose to 3.2% compared to a year ago. of course, it was running at 3% in june, so on the face of it the pace of hike rises has ticked up again, but markets had expected a bigger
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in the aslef union. starting today, disruption is expected until saturday. here's our business correspondent mark ashdown. this action then will affect 15 operators running services across england, let's have a look at some of them. they include thameslink, southern, northern, great northern and lner and avante west coast which runs services from london all the way to scotland. so what can we expect? many say they will have to run reduced timetable. that means that some are planning already to cancel the first and last trains of the first and last trains of the day and you could expect some short notice cancellations as well so as ever, passengers are advised to check before travelling. you don't need me to remind you the dispute is all about pay. aslav has rejected an offer of a 4% backdated pay rise last year and a further 4% for this year —— aslef. the operators and the government wanted them to change it to work in practice is to try to modernise the railway. the good news is aslef
mark ashdown, bbc news. a group of backbench conservative mps has warned the government it could lose public trust if it doesn't cut net migration, which currently stands at 606,000 people each year. let's get the latest now from our chief political correspondent nick eardley. what do these conservative mps want? they want the government to go a lot further when it comes to introducing measures that they believe would bring down immigration to the uk. so, for example, they want to increase the amount of money you have to learn before you can get a skilled worker's visa. they want stricter rules when it comes to study visas. they take some universities, poorer performing universities, poorer performing
ban by union training drivers and it will affect 15 rail companies and signals at the start of more disruption in a long—running dispute over pay. mark ashdown has more. this industrial _ mark ashdown has more. this industrial action _ mark ashdown has more. this industrial action is _ mark ashdown has more. in 3 industrial action is short of a strike day but drivers will not work overtime from first thing tomorrow until saturday night so six full days in total. that is important because most train companies rely on drivers working that overtime in order to run their full schedules. so this action will affect 15 operators running services across england. let's have a look at of them. we have got thameslink and southern down here. great northern, of course, lner and avante west coast — they run trains all the way from london up into scotland. so what can we expect? well, many have said they will have to run at reduced timetables. for example, some may cancel the first and last trains of the day. there could also be some short notice cancellations, as well. so, as ever, passengers advised to check before you travel. now, this dispute, of course, is about pay. aslef has rejected
rejected a similar pay offer. it has three 2a hour walk—outs planned for later in the month. mark ashdown, bbc news. a group of conservative backbenchers has warned the government it needs to take urgent action to cut immigration, or lose public trust. the group — called the new conservatives — wants to bring annual net migration down from around 600,000 tojust over 200,000. they'll outline their plans later today. former civil servant sue gray — who led the report into partygate last year — faces claims by the conservatives that she may have broken ministerial rules. it's after she was cleared to work for the labour party later this year by parliament's appointments advisory body. but the conservatives say that she failed to declare her contact with the party over a potentialjob. at least three palestinians have been killed in israeli airstrikes on a refugee camp in the west bank. israel said it was targeting what it called militant infrastructure in the area.