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now on bbc news, political thinking with nick robinson. welcome to political thinking, a conversation with, rather than an interrogation of, someone who shapes our thinking about what has shaped theirs. well, you know what they say about a week in politics. what a long time this week has felt since that budget that was officially not a budget. we've seen the pound go down, interest rates go up, mortgages being cancelled, and billions and billions and billions of pounds being spent by the bank of england in order to try and defend the pension system. my guest on political thinking thi...

not ones to write home about. 11.3% is the jump in wholesale prices from a year ago and came in lot steamier than economists predicted coming off the -- you know what it feels like when you buy things. consumer prices are up substantially. fastest pace we've seen since 1981 back in reagan years. >> you have to go to art laffer to find that out. white house points out wages are up. here is the deal. wages aren't rising at the pace of inflation. you look at a pay cut of 3.6%. >> if you crunch the numbers inflation is costing the average american household $500 a month. setting on fire ...

charles watson live in atlanta with more. charles. >> good afternoon the news of the passing of nba legend bill russell is sending shock waves to the sports world and beyond. people try to wrap their heads around this tremendous loss. a message posted to russell's twitter earlier today said he passed away peacefully with his wife jeanine by his side. tributes for the boston celtics gray can nba hall of famer has ported from high-profile figures including former president and fellow basketball legend such as magic johnson who called his death a tremendous loss for the entire basketbal...

the governing liberal democrats injapan are predicted to maintain their majority in the upper house following sunday's election — in a vote overshadowed by the assassination of former prime minister, shinzo abe. in tennis — prince georgejoins the duke and duchess of cambridge at wimbledon — as defending champion novak djokovic faces nick kyrgios in the men's final. and temperatures rise around the uk — with some areas hitting 30 degrees today — and the heat expected to remain for much of the next week. the international trade minister, penny mordaunt, has become the ninth c...

and the heat is on — the met office says today could be the hottest day of the year so far. some parts of the uk will be hotter than athens and ibiza today. what's it like where you are and how are you coping? get in touch @annitabbc and use the #bbcyourquestions. also coming up, birth control for grey squirrels as scientists hope to control an expanding population and save our native reds. hello and welcome to bbc news. the foreign secretary, liz truss, is the latest senior cabinet member to enter the conservative leadership race. ii contenders are now in the running. conservative...