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Independent candidate for US President Robert F. Kennedy Jr said on Sunday that he plans to issue new mortgage types to lower costs for first time buyers and tackle companies like Blackrock
According to Nationwide, the largest British building society, the seasonally adjusted housing price index revealed that prices remained stagnant in September, following a 0.8% decrease in August.
it goes on to mention, the same memo, that the debate is a race for the maga base. not a pathway to winning the general election in 2024. that is in quotes. how do you see the primary shaking up, in which biden's best plan of attack as he prepares for the general election no matter what they do on wednesday night? >> in terms of japan, i think the best plan of attack is to do what he's doing. make sure the economy is solid, engage a lot of younger voters who are concerned about everything from rising mortgage prices to student loan debt. so make sure that coalition that was so helpful in 2020 and 2022 midterms, independent voters, young voters, but also disaffected republicans. make sure that coalition stays intact. and i think the memo is correct
everyone poorer and getting it down is the top priority and we have a plan to help halve inflation next year but if we make the wrong choices high prices will persist, he says. what do you think the right choices are at the moment, emily thornberry, to deal with inflation? the first thing i would say is to put it in context is that last month cosmic inflation figures were worst for a0 years, this month's inflation figures are to be welcomed because they are better but they are the second worst for a0 years, so that's where we are. we hope this is the beginning of a downward trend. 0ne beginning of a downward trend. one set of figures isn't a trend but we hope it will continue to come down. yes, there is inflation across the world and yes, there is stagnation when it comes to wages, but only in this country are we approaching this with the highest tax rate that we have seen since world war ii. and with the prospect of mortgage prices
hoping _ altogether. what president putin is hoping for— altogether. what president putin is hoping for is that he can wear down notjust— hoping for is that he can wear down notjust the — hoping for is that he can wear down notjust the ukrainians hoping for is that he can wear down not just the ukrainians over the winter. — not just the ukrainians over the winter, but western resolve. that things— winter, but western resolve. that things like — winter, but western resolve. that things like cost of living, fuel crisis. — things like cost of living, fuel crisis, rising mortgage prices, things— crisis, rising mortgage prices, things like that, i going to distract— things like that, i going to distract the west from ukraine. things— distract the west from ukraine. things like mid—term elections in the united — things like mid—term elections in the united states, he is hoping, and the united states, he is hoping, and the kremlin— the united states, he is hoping, and the kremlin is hoping, that this will undo — the kremlin is hoping, that this will undo western resolve and the west _ will undo western resolve and the west will— will undo western resolve and the west will pressure ukraine into accepting some kind of a deal that leaves _ accepting some kind of a deal that leaves russia in control of much of that country. ukrainians say, we did this deal— that country. ukrainians say, we did this deal before and look what happened. he had crimea and he came back and _ happened. he had crimea and he came back and try— happened. he had crimea and he came back and try to take the rest of the country _ back and try to take the rest of the country so— back and try to take the rest of the country. so there are not in the mood _ country. so there are not in the mood to — country. so there are not in the mood to give any compromises. frank, thank ou. mood to give any compromises. frank, thank you- frank— mood to give any compromises. frank, thank you. frank gardner. _ thank you. frank gardner. approaching 6:35am. let's talk sport. we are talking world cup. i will let you clarify which one. it is one not going on at the
policies that she and her prime minister brought in right wing policies that tanked the market and the market immediately rejected, the pound dipped to a 37-year low. and mortgage prices spiked, inflation is up at 10%, and these are all things that affect real brits so it is hard to overstate not only how chaotic it has been but also how deeply unpopular she became across britain but also in her own party, but of course which is what led to today, which is why of course we started to hear in the last 24 hours, senior members of the conservative party undermine her publicly and presh her to resign today. >> she was put into office by the conservative party. it wasn't like she was elected there. they knew what they were doing. so how much of this is liz truss's fault, and how much of this is the conservative party's fault? >> well, remember, it was the conservative party membership, which is a pretty interesting kind of corner of the british population that actually elected her. a majority of mps did not support her. she had not gone into that race, she was second among mps, so i
july and august, and i wrote columns saying that liz truss had to go from mrs it's stupid to mrs sensible very quickly otherwise the bond and foreign exchange markets would crash. i said that the adviser would tell her what was wrong on the first day, but they fired the adviser and went ahead with the plan for an unfunded tax cut that the amount of borrowing could not be sustained. i said the only choice they had was to ditch the whole thing and that is essentially what has happened. the markets crashed, the pension funds were about to fail, mortgage prices couldn't price products. absolutely clear and obvious that screeching u—turns were coming. as an economist, it's pretty hard to work out what's going on from one hour to the next. we have had a u—turn today, a new chancellor, the fourth in four months. saying that we are going to do whatever we are going to do whatever we are going to do and change things. but the markets are on a knife edge. the prime minister is
colletta smith has been talking to people in bolton. going places like swimming and stuff, it's extra money but in the long run you are not in the house all day, so it works out better. mary was hoping to take longer on maternity leave with baby blake, but if they have to pay more on energy bills that might all change. mr; bills that might all change. my artner bills that might all change. ij�*i partner works bills that might all change. ij�*i: partner works in bills that might all change. m; partner works in the railway as well so we have been striking and we are losing pay so it is a bit difficult choosing what to put the heating on and were not to. so, yes, it is getting harder and harder and and were not to. so, yes, it is getting harderand harderand i might have to go back to work earlier than i want to. but everyone is in the same boat, aren't they? the estate agents in the centre of town are hoping mortgage prices will stabilise after a tough few weeks. there have been situations where people _ there have been situations where people felt they had enough deposit to be able to purchase, but the price _ to be able to purchase, but the price brackets have changed to what they can _ price brackets have changed to what they can afford and they have been forced _ they can afford and they have been forced back into rental or leasing or staying —
the other end approximating some sort of post-covid normal. >> inflation still an issue, though gas prices i'm very happy to say are going down again. inflation. how do you deal with inflation, steph? >> listen, inflation is still a problem and the only thing the government can really do is to try to slow the economy a bit and raise rates. remember, we are raising rates because the economy is strong. people get confused by that saying oh my gosh, the fed is raising rates. they're raising rates because they're doing so well and they're hiring. because the picture is so strong, though not easy, we can afford a bit more of a rate hike. the fed likes to keep inflation around 2% and we're above 8 at this point. >> what does it mean for mortgage prices? >> i think rates are going higher. you have seen a cooling in the
mortgages that are fixed for the first five, seven or ten years of that loan before they begin adjusting. the rate on a 5-1 arm right now is a little under 4% so that's a significant savings. >> if you've been priced out of this market just by the hot home market but you're also kind of finding yourself edged out because the interest rates are high and it is costing more, when are you going to see that relief where maybe you were on the cusp of affording your first home or going to a second home, when are you going to be able to do that? >> you're going to see, i believe, the relief in home prices before you see the relief in mortgage prices. what we're seeing particularly because consumers are able to work remotely these days more than they have been ever before is that people are expanding the range in properties that they are looking at. they're looking across state