met with strict measures to return an area to know new infections. it has held back the death rates and stopped hospitals from being swamped. it is also exhausting the population and hammering the economy. with no clear exit strategy, how long can china keep this up? this is the outskirts of beijing and when you cross that river you are actually crossing into neighbouring hubei
an area to no new infections. it has held back the death rates and stopped hospitals from being swamped. but it s also exhausting the population and hammering the economy. with no clear exit strategy, how long can china keep this up? this is the outskirts of beijing, and when you cross that river you are actually crossing into neighbouring hubei province and the town of yanzhou.
scale. . . h, , scale. bigger than nigel lawson s 1988 budget- scale. bigger than nigel lawson s 1988 budget. bigger scale. bigger than nigel lawson s 1988 budget. bigger than - scale. bigger than nigel lawson s 1988 budget. bigger than that. if| scale. bigger than nigel lawson s. 1988 budget. bigger than that. if it had done what 1988 budget. bigger than that. if it had done what we 1988 budget. bigger than that. if it had done what we expected, - 1988 budget. bigger than that. if it had done what we expected, whichj 1988 budget. bigger than that. if it - had done what we expected, which was the corporation and national insurance tax. 50% bigger in terms of tax cuts then perhaps what we were expecting yesterday. that cou - led were expecting yesterday. that counted with were expecting yesterday. that coupled with what were expecting yesterday. that coupled with what you called the biggest government intervention in your lifetime, that is the package to help households a
instance and then get out of this? how do you get out of it at this point? are they in for a penny, and for a pound? all we really care about is the mystery special master looking at the other items seized on the search. we never said we were going to take possession of or wanted custody of the classified us documents. we conceded we had no right to those. it s not terribly credible. like the briefs in their case. but it s one way they could try to declare victory. the exit strategy is just that, which is, okay, you deal with the classified stuff, we just wanted to make sure these other things aren t privileged, which is even harder, because the presidential records act of
the energy cost support, hopefully is a one off. it is enormous, but hopefully it s a one off and within two years it will go because energy prices are back down. i do worry that we don t have an exit strategy here, that if energy prices don t go back down this becomes a very, very expensive long term thing. but in terms of the a5 billion, there are no energy costs in there and we assume that is gone within a couple of years but a5 billion of tax cuts and a slowing economy which means we will be borrowing more than expected when the 0br did its last forecast, adding this to our most recent forecast, we can expect to be borrowing close to £120 billion in three years time and if we are doing that, then the debt will rise year on year. and we will have full analysis and reaction to all of those big announcements this morning over the course of the day and there is more background information on the bbc website as well.