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welcome to the programme. it was budget day here in britain today. a big set piece annual event in which the chancellor stairs into the crystal ball, and tries to predict the future — and how best to steer the uk economy through it. the obstacles in his way are common to europe and the united states. high inflation, higher interest rates, and since the pandemic, an intractably acute labour shortage. this graph trackjob vacancies across europe since august 2022, historically high afte...

European union, so how damaging could that be?— could that be? i think it is ust the reality �* could that be? i think it is ust the reattty «i could that be? i think it is ust the reality of having �* could that be? i think it is ust the reality of having to i could that be? i think it isjust i the reality of having to negotiate with a _ the reality of having to negotiate with a big trade block when you are one countrv — with a big trade block when you are one country. and so what has ...

Real issue — later. but you are right, there is a real issue around the logistics, literally— real issue around the logistics, literally finding enough people to id literally finding enough people to go into— literally finding enough people to go into the childcare sector. also, an issue _ go into the childcare sector. also, an issue of— go into the childcare sector. also, an issue of the business model. many childcare _ an issue of the business model. many childcare providers really str...

Therefore _ into basic rate taxpayer bands. and therefore that will be costing them around _ therefore that will be costing them around £500 more. so there is also a small— around £500 more. so there is also a small but— around £500 more. so there is also a small but specific and it 3.1 million _ small but specific and it 3.1 million group shifting to higher rates _ million group shifting to higher rates of— million group shifting to higher rates of tax are yes more people being _ rates...

And that will have an effect on our disposable income. absolutely one of the things, striking things that the 0br set today was that despite the fact that inflation is falling a little bit faster, that they have interest rate expectations have come down since november disposable incomes in the uk are still set for a suit —— historic squeeze. as you rightly say, inflation coming down still not avoiding the issue that we still have a cost—of—living crisis which is why i think the chancello...

For lack of a better term, has - for lack of a better term, has your back. _ for lack of a better term, has your back. in— for lack of a better term, has your back. in trying _ for lack of a better term, has your back. in trying to _ for lack of a better term, has your back, in trying to develop - for lack of a better term, has your back, in trying to develop out - for lack of a better term, has your back, in trying to develop out that policy— back, in trying to develop out that policy prote...

Discomfort with things pruitt has done with regard to spending and his personal matters that as he has been running the agency, on the other hand, this is the guy from toxic chemicals to clean power plan to methane gas to coal ash, he is rolling back rule after rule after rule, consistent with what trump wants to do in terms of deregulation and i am pressing sompressing i. the embarrassment it brought the administration, he is like their star player when it comes to deregulation. >> seems like t...