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 |
| 0:06.8 | between the two of us. |
| 0:08.0 | Oh, yeah. |
| 0:08.7 | And it's about Nadeem Zahawi's resignation letter, |
| 0:11.4 | saying he's standing down as a Tory MP and won't |
| 0:13.6 | contest the next election. What did you think of it then? I thought it was one of the |
| 0:17.1 | cheesiest letters I've seen in British political history. |
| 0:20.9 | Come on he's the MP for Shakespeare. |
| 0:23.4 | He does this quote. |
| 0:24.6 | Stratford-upon-Avon he's going to be allowed a little bit of lyricism and words. |
| 0:28.0 | We've got to, you know, reporters' revere words because we can quote them. |
| 0:31.4 | He says, he quoted it's for measure for measure and he says go to your |
| 0:35.2 | bosom knock there and ask your heart what it doth know. What I will say though is the word |
| 0:41.6 | bosom's not used in British politics that often so interesting to see that make a comeback |
| 0:45.7 | Well, yes bosom and Doth |
| 0:47.4 | as two words of not many letters that you know perhaps deserve a broader outing. |
| 0:53.0 | What doth you think of the Bank of England decision to keep in |
| 0:56.0 | treasury where they were? |
| 0:58.0 | No, but actually in Ademes the Harway, I mean that is the end of quite an interesting |
| 1:01.6 | like political journey isn't it? I mean look at the end, quite an interesting political journey isn't it I mean look at the |
| 1:03.7 | end the pre-end was him kind of was a bit ignominious because of his tax affairs |
... |
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