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which strips out volatile items like food and fuel is actually going up! rising interest rates are piling the pressure on millions of mortgage borrowers here in the uk who are facing steep rises in monthly bills. lets hear from some of them. at this moment in time, at the end ofjune, i will make my final payment of £434 when my current deal ends. and thereafter i have been told to expect my payments will be over £1,800. i m currently paying £560 a month. at the end ofjuly, it will go onto variable, and it will go up to £1,200 a month. 0ur mortgage has gone up by over £2,200 a year. - it s a huge impact . on our expenditure, and it has a huge impacti on the family as a whole. the government s finance chief chancellor of the exchequerjeremy hunt says bailing out struggling borrowers only risks stoking inflation further no matter what the pressure from left, right or centre, we won t be pushed off course. because if we re going to help families, if we re going ....
And the process of getting inflation back down to 2% has a long way to go. the theory is, by making it more expensive to borrow money, it should cool off the economy. and ten rate hikes later, that tactic seems to be working. of course, the danger is too many rate hikes too fast, and the us economy could fall into a recession. let s return to paris now where aviation bosses are gathered for the annual airshow. the past few years have been far from easy for the industry the covid pandemic forced airlines to ground planes and manufacturers cut production right back. now, though, optimism is returning. airlines are placing orders once again but manufacturers are facing new challenges, as boeing s chief strategy officer explained to our reporter theo leggett boy, yeah, it has been a great year and we ve done about 1,000 orders since the last air show, which reallyjust shows oui’ momentum. now it s about delivering those aeroplanes one at a time. so, execution is the big focus. we re ....
And the 737 programmes. well, the 787 programme has been hamstrung for years now by quality control problems. some of those seem to have affected the 737 max programme, as well. with all of this coming together and lasting so long, does that suggest there s some kind of fundamental issue, either with boeing or its suppliers? oh, i don t think so, theo. i think there are two things here. the first is that you have seen, you know, a very strong embrace by the boeing company and by industry on transparency, and the way that we address things like non conformance in the manufacturing process. and so every non conformance we re talking about, we re talking about with our suppliers who are in the middle of them, we re talking about with customers who are affected by deliveries, we re talking about with the regulator, as we all are striving for that very first principle safety first. that embrace of transparencyjust means we re having this conversation more out in public as opposed to insid ....