we can t afford to be able to put her in nursery for some days a week so i can go back to work. so it s quite difficult really, but announcing this sounds really promising. big changes to pensions too to encourage people to stay in employment, but the chancellor s plans prompt accusations that his budget favours the rich. also on the programme tonight. markets fall in europe and the us amid concerns about the troubled banking giant credit suisse. it s a lovely ball through to benzema. break s here for vinicius. then benzema. and there s no miracle in madrid as liverpool are knocked out of the champions league. and coming up in the sport, but you left the best of the action from snakes champions league clashes, it is mission improbable liberal pool and nurture it, find out how they fare against the defending champions. liverpool. good evening. the chancellor, jeremy hunt, has pledged to build for the future in his first budget, promising it will deliver growth. he told mp
in the suffering of his wife, meghan. there s widespread condemnation of the storming of brazil s congress by supporters of former president, jair bolsonaro. and history is about to be made here in cornwall, when later this evening the uk will be launching a rocket to send satellites up into space. and coming up on the bbc news channel, roberto martinez has been appointed as the new manager of portugal. the former everton boss left his role with belgium after the world cup. good afternoon and welcome to the news at 1:00pm. officials from rail, health and teaching unions, are taking part in separate talks with ministers to try to avert more industrial action. there has been no breakthrough so far. the unite union which represents workers across several sectors of the economy says the government has missed yet another opportunity to put this right, and the meeting was an insult to his members . strikes in the health service next week involving unite are now likely to go ahea
At an annual rate of 3. 4 in april, down from 3. 5 in march. It doesnt sound much of a drop, but it was the first time this year that inflation has fallen as expected, suggesting the fed could finally be winning the battle against soaring prices. Heres erin delmore in new york. A banner day on wall street with all three major indexes closing at record highs. Thats right the dow, the s p 500 and the nasdaq all hit their highest levels ever. The catalyst wednesdays Consumer Price index report which showed inflation rising less rapidly in april than wed seen in the first three months of the year. Fed Chairjerome Powell had said just a day earlier that fed officials were surprised by this years higher than expected readouts. Traders keenly watch Inflation Figures for clues on how the fed will move forward on Interest Rates. Any news of price increases easing raises their hopes the Interest Rates will be cut sooner rather than later. Now more investors expect the fed to make its first rate
over here this is less investment than what was forecast before the policy announcement, so net net the official forecast is no overall improvement in investment from this three year policy. however, there were dozens of other policies to try to jump start high tech growth in key sectors from medicine to artificial intelligence up and down the country but even if that does work perfectly in boosting growth, it will take some time to escape the shadow of the current hit to spending power. this shows post inflation disposable income for households the squeeze on your wages and wallets. it was already predicted to fall sharply for two years on the trot, there in red. while that fall is now a little smaller thanks to lower energy prices, the official forecaster says this remains an historic fall in living standards over the decades. back in november we thought that living standards would fall by about 7%. that s because inflation was outstripping growth and earnings over this financial y
with ministers to try to avert more industrial action. there has been no breakthrough so far. the unite union which represents workers across several sectors of the economy says the government has missed yet another opportunity to put this right, and the meeting was an insult to his members . strikes in the health service next week involving unite are now likely to go ahead. the prime minister, rishi sunak, says he wants an honest, two way conversation about pay, but the unions insist there can only be a breakthrough if current wage deals are renegotiated. well, ambulance staff in england are scheduled to stage two more strikes, one on wednesday and on the 23rd of january. nurses will also strike next week for two days, on the 18th and 19th of january. this week in scotland, there ll be two days of industrial action by teachers, and others on strike include driving instructors in england and wales, and bus drivers in london. with more, here s our political correspondent, david walla