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— lower but to put that into context it was at zero in europe this time last year. and in the world's largest economy the us, the cost of borrowing is at 5% to 5.25%. but critics point out rising interest rates is a blunt tool that comes with its own set of dangers that can pose further risks to the economy. so what else can be done? well, central bankers are getting together today in portugal to chew over this challenge. joining me now isjennifer mckeown — chief global economist at capital economics. good morning to you, jennifer. so it's a lovely location, portugal, you got chr...

to death while riding a mobility scooter in west london. police officers who are violent towards women or girls can be sacked under new guidance. toa to a betting chance is ordered to pay 17 million for money—laundering and safety failures. prices in the uk increased by 10.1% in the year tojuly. that's the first time inflation has reached double digits since 1982. rising food and drink prices made the biggest contribution to the increase in the inflation rate between june and july this year but the cost of living is rising across the board, with rising costs being driven in part by...

This and particularly people on lower incomes who are really struggling to make ends meet. now, there are ways that that can be distributed but that all has to be done by government rather than by the central banks. so that's essentially what needs to happen, perhaps a focus on profits, risen quite sharply too and contributing to inflation is possible the governments can do something with taxation there.— with taxation there. where do ou think with taxation there. where do you think uk _ with taxation there. where do you think uk interest - with taxation there. where do you think uk interest...