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hello, a very warm welcome to the programme. let's start here in the uk where, in a few hours from now, the next leader of the conservative party and the uk will be announced. we won't officially know who that is until 12:30 bst but we do know for sure that whomever takes the reins will have a monumental task, both economically and politically. rising inflation and the high energy prices will be at the forefront of voters�* minds, while businesses will be keen to see stability and a commitment to economic growth going forward. our economics editor faisal islam has been looking at s...

signs of hitting the brakes. in a new report published today, the house of commons�* public accounts committee says that the "unimaginable" cost of test & trace has failed to deliver the central promise of averting a second — and third lockdown. the committee chair said that the british taxpayers cannot be treated by government like an atm machine any longer. the scheme was introduced in may last year, and began with a budget of £22 billion. since then it has been allocated £15 billion more, totalling £37 billion over two years. the report also questioned the over—reliance o...

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If priced in us dollars? there tends to be _ if priced in us dollars? there tends to be an _ if priced in us dollars? there tends to be an inverse - tends to be an inverse correlation between what we see with the us dollar and what we see with commodity prices, because the strength of the us dollar tends to dampen demand for the likes of oil and gold, which is part of the reason we see wti and brent crude fall significantly this year and we have seen gold to slump to six—week lows, also in terms of us businesses, and corporate earnings season, we saw a lot of exporters have struggled because...