No Interest to Cut Rates?(Yet)
Newscast
BBC
4.3 • 6.6K Ratings
🗓️ 9 May 2024
⏱️ 33 minutes
🧾️ Download transcript
Summary
Today, we look at whether the UK economy has ?turned a corner?, and if so why interest rates were kept the same?
The Bank of England has announced it is keeping interest rates the same, for the sixth month in a row. The Governor Andrew Bailey has said it needs to "see more evidence" that price rises have slowed further. So when will mortgage rate start to drop? Adam is joined by Andy Haldane, former chief economist at the Bank of England and Darshini David, the BBC?s chief economics correspondent.
And, 24 hours on from the shock defection of Natalie Elphicke to Labour - Chris speaks to the former Tory MP.
You can join our Newscast online community here: https://tinyurl.com/newscastcommunityhere Newscast brings you daily analysis of the latest political news stories from the BBC. It was presented by Adam Fleming. It was made by Jack Maclaren with Miranda Slade. The assistant editor is Chris Gray. The senior news editor is Sam Bonham.
Transcript
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| 0:00.0 | BBC Sounds, Music, Radio, Podcasts. |
| 0:04.6 | Chris, I think this is a rare moment of disagreement between the two of us. |
| 0:08.0 | Oh, yeah. |
| 0:08.6 | And it's about Nadim Zahari's resignation letter, |
| 0:11.5 | saying he's standing down as a Tory MP and won't contest the next election. |
| 0:14.7 | What did you think of it then? |
| 0:15.9 | I thought it was one of the cheesiest letters I've seen in British political history. |
| 0:21.5 | Come on. |
| 0:23.0 | He's the MP for Shakespeare. |
| 0:24.5 | He does this quote. |
| 0:25.4 | Stratford-upon-Avon. |
| 0:27.9 | He's got to be allowed a little bit of lyricism and words. |
| 0:30.9 | We've got to, you know, reporters revere words because we can quote them. |
| 0:39.3 | He says, he quoted, it's for measure for measure, and he says, go to your bosom, knock there and ask your heart what it doth know. |
| 0:43.6 | What I will say, though, is the word bosom's not used in British politics that often. |
| 0:45.7 | So it's interesting to see that make a comeback. |
| 0:52.6 | Well, yes, bosom and doff, two words of not many letters that, you know, perhaps deserve a broader outing. |
| 0:53.1 | What doth they think of the Bank of England decision to keep in treasuries where they were? |
| 0:57.7 | No, but actually, Nadeem's the halfway. |
| 0:59.3 | I mean, that is the end of quite an interesting political journey, isn't it? |
| 1:03.2 | I mean, look at the end, the pre-end was him kind of was a bit ignominious because of his tax affairs while he was Chancellor. |
| 1:10.9 | But the life story stuff, and I know politicians lean heavily on life stories and all the rest of it, |
... |
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