all of this while projections for the u. k. g d p, remain below pre pandemic levels. so joining me now to discuss is hillary ford, which president of straw mark l l. c. hillary is great to have you here on the show . now it's another month, another announcement for the bank of england and not much has changed surprise you at all. i will pleasure to be back with you rachels away. i don't think so. not really as far as i'm concerned, but also if you look at the global institutions and if you look at generally, the reaction currency wise is a good indicator of where the things are caused. gyrations are not the pounds, they pretty steady. it did raise rise a little bit too. i think it's like 139. so there's a little bit of an increase which showed the markets thought this was a sensible thing to do. i n g even said they didn't really think that interest rates are going to be raised until about 2023 1st quarter, 23. so i think that this is expected in the marketplace and off to what we've been through the gyro ations and everything caused by cov, it a stability is key to c

and may the u. k. government debt is now over 2.2 trillion pounds or about 99.7 percent of g d p. a rate not seen since the early 1900 sixty's and june alone, debts interest, cost 8700000000 pounds. so i want to also call your attention in this article with a, b, b, c, authoritative, official media aloud on air. so, i want to show you that they show this u. k. public sector net debt, excluding public sector banks, which i assume are all the bags i got billed out. so here's when prize report started in 2009. the debt was just over 500000000000 pounds. now it's quadrupled to, to point 2 trillion pounds in that time that we've been covering this, but this is, you know, we're also covering in the series right now, these 2 weeks, the, the 50 years of fiance. so that's 50 years of it seems all riskless until it doesn't. yes, that's an interesting chart to have the time in which we've been on the air. yeah, and course we broadcast in the 50 countries, including the u. k. and we've been making points about the dangers of debt and money printing for 13 years now. and they have fallen on de

i know in the u. k. i believe this would also fall under the category of re i papa cation. right? so this is rehab publication. so you are essentially lending something more than once. my question, my 1st question is that in the united states, re high publication is limited to something like 104 percent of the value of the underlying security. my understanding is that in the u. k, it's almost infinite. there is no limit to the, not the amount of re publication you can do. is that still true? and will this basil 3 net stable funding ratio, guidance? change that i haven't looked at it from the point to be of a high publication. but certainly as far as basel 3 is concerned, it puts very strict limits on the funding of a bank's balance sheet. this is the key thing. what they're trying to do is to match, they, if you like the tenor of the liabilities with the tenor of the assets. so they don't want to get into a situation where a bank let us say, has a run on it, because it has got too much short term financing for the length of this liabilities . that is the underlying approach if you

bob g, u k, of course, has also had a significant presence in afghanistan and there, and confirming that the u. k. evacuations will end this saturday. that's right. they said earlier on via the head of the armed forces. the civilian evacuations were ending on saturday. but now we've got it confirmed from the ministry of defense. the last flights purely for afghan civilians to be evacuated out of cobble and to the u. k. have actually taken off their maybe for the flights in the day, which do have a few afghan civilians together with british diplomatic stuff and british military personnel. so really this is confirmation that some things have moved to a new phase. there is a video that's been put out by the u. k. buster in kabul. laurie bridgestone, who said that it's the end of one phase of operations. he says, we haven't forgotten the people who still need to leave will continue to do everything we can to help them. nor have we forgotten the brave and decent people of dentist on they deserve to live in peace and security. think this is the message that the government would be wanting to p

k. prime minister barak johnson have agreed to hold a virtual g 7 meeting next week to discuss a common strategy on afghanistan by tanner reports from washington. d. c. evacuation operations are once again underway at couple airport. the nato partners of the us scaling up their presence and the u. s. department of defense. as within the next 24 hours, there will be up to $6000.00 us soldiers in place to maintain airport security. the pentagon insisting that order has being restored. right now. we're looking at one aircraft per hour in and out of h kaya, re predict that our best effort could look like 50029000 passengers departing per day. we have had no ha style interactions, no attack, and no threat by the taliban. the deadline for complete withdrawal of forces and civilians is still the end of the month, a date set by president biden. earlier this year, the commander in chief made it very clear that we were to complete this draw down by august 31st. and that which now includes the drop down of american cities pulling out of american citizens and drop down over embassy personnel. so th