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Is what slows the economy down. let's focus on interest rates. the bank of england has raised interest rates — or the cost of borrowing — sharply in recent months, to try to limit soaring inflation — the cost of things we buy. the benchmark uk interest rate is currently at 3.5%, with another increase expected in two days' time. so how does that compare with eurozone rates? the european central bank raised its key rate to 2.5% in december. and here's one economist on why homeowners in the uk tend to be hit harder than elsewhere by higher interest rates. we are more exposed to the rise in ...

Be the only country — among the world's major economies — to see its economy contract. it says the forecast reflects the uk's high energy prices, high inflation and high interest rates. the us, germany, france, italy and japan are all expected to grow. but there is a note of optimisim for the uk — the imf believes things will improve in 2024, forecasting that the economy will grow by 0.9%. let's start by hearing from the imf about where the uk is underperforming. we have a very challenging environment in the united kingdom. we have a large terms of trades charge which means an energy cri...

And his opposition to this initial proposal from the eu. he says that because hungary get this particularly high soulful rich oil through the pipeline, it would have cost hungary hundreds of millions of euros to change that. he was asking at one point, suggesting that money could be paid to hungary in order to sign up to the sanctions. the commission shows up different route by exempting anyway that oil pipeline. mr orban speaking, presenting that is a great position for him. dr carole nakhle is an energy economist and the ceo of crystol energy. thanks very much for coming on the programme. th...

Set over the last few days that this is world war iii.— is world war iii. it is good to have the different _ is world war iii. it is good to have the different perspective - is world war iii. it is good to have the different perspective on. - is world war iii. it is good to have i the different perspective on. thank you. let's turn to the aftermath of that school shooting in the us. president biden says he'll now meet with lawmakers in congress. 19 children and two teachers were killed in uvalde in texas last week. the parents of one of the children, alithia ramirez, spoke to the bbc. i have...

Still buying russian oil. in this respect, russia will lose some revenues, but it will not bring its economy to its knees.— revenues, but it will not bring its economy to its knees. let's turn to the impact — economy to its knees. let's turn to the impact on _ economy to its knees. let's turn to the impact on the _ economy to its knees. let's turn to the impact on the eu. _ economy to its knees. let's turn to the impact on the eu. it _ economy to its knees. let's turn to the impact on the eu. it will - economy to its knees. let's turn to the impact on the eu. it will have l the impact on t...