Live from london this live from london this is business todAy. Is business todAy. We stArt in the Red SeA where irAn bAcked Yemeni Houthi rebels AttAcked two more Crude Oil TAnkers with missiles And drones on mondAy in whAt us CentrAl CommAnd cAlled Reckless Acts of terrorism. LAte lAst week the group releAsed these pictures of Another AttAck on the greek flAgged tAnker sounion. Since the houthis begAn tArgeting ships in support of the pAlestiniAns over the GAzA WAr bAck in november they hAve lAunched more thAn 70 AttAcks, sinking two vessels, Seizing Another And killling At leAst three seAfArers. The economic impAct hAs been felt fAr beyond the region with ships forced to divert on A long And costly detour Around the horn of AfricA. West coAst soAred 389 Betwen December And july. From AsiA to europe its been even more expensive up 469 over the sAme period. Those prices hAve eAsed A little since but Are still mAssively higher thAn when the houthis begAn their AttAcks. Peter sAnd is Chi
mystery and it just seemed that every sri lankan atrocity, we never deal with it, we kind ofjust move on. the british prime minister liz truss has apologised for mistakes in the government s financial strategy a strategy that she set in motion. the majority of measures in her so called mini budget have been reversed by her new finance ministerjeremy hunt. he was in parliament to explain why the economic policy was being scrapped. the prime minister herself was keeping a low profile. in a moment, we ll hearfrom her. first, our political editor chris mason has the story of how the day unfolded. first thing this morning, it felt like a government on the run. sorry about the rain, guys. the new chancellor was even apologising for the weather. jeremy hunt was jogging before dawn thought of breaking. any more u turns? the answer was yes. news was already breaking. mr hunt was performing the last rites on almost all of liz truss s plans her programme for government dead. living
we never deal with it, we kind ofjust move on. the british prime minister liz truss has apologised for mistakes in the government s financial strategy a strategy that she set in motion. the majority of measures in her so called mini budget have been reversed by her new finance minister jeremy hunt. he was in parliament on monday to explain why the economic policy was being scrapped. the prime minister herself was keeping a low profile. in a moment, we ll hear an exclusive interview with her. but first, our political editor chris mason has the story of how the day unfolded. first thing this morning, it felt like a government on the run. sorry about the rain, guys. the new chancellor was even apologising for the weather. jeremy hunt was jogging before dawn thought of breaking. any more u turns? the answer was yes. news was already breaking. mr hunt was performing the last rites on almost all of liz truss s plans her programme for government dead. living hour by hour. this i
For the Us Government to borrow money for 30 years. The big spike at the end is the concern. That is the cost of borrowing over 30 years. The Us Government is being forced to pay more as investors worry they will lose out when compared to the returns they can get from those higher Interest Rates. Its a similar story in the uk where like other governments there will be concern in the corridors of power that it costs more to pay off the National Debt and so there is less cash for other things. Simon french is Chief Economist at the uk Investment Bank Panmure Gordon and i asked him to explain to me what is going on. Your summary was pretty accurate. The higher for longer Interest Rate environment is spooking investors who have been for at least 15 years of the view that Central Banks have their back in terms of keeping Interest Rates low, but also buying Government Debt, quantitative easing, money printing, which many viewers have been familiar with over the last 15 years, has gone into r