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BBCNEWS BBC News June 4, 2024 16:14:00 - Vimarsana News

BBCNEWS BBC News June 4, 2024 16:14:00

The prime minister has taken the unusual step of meeting the head of the uk's independent economic forecaster amid the fallout from last week's mini budget. liz truss and her chancellor had talks this morning with the 0br, the office for budget responsibility. it follows days of financial turmoil and a record fall in the pound and the meeting has been seen as an attempt to reassure the markets. even so, the government are resisting pressure to publish an independent verdict from the 0br on their tax—cutting plans and increased borrowing before late november. 0ur economics correspondent andy ...

BBCNEWS BBC News June 4, 2024 08:09:00 - Vimarsana News

BBCNEWS BBC News June 4, 2024 08:09:00

Energy price guarantee has run out and the government is banking on tax cuts to deliver the growth to pay for that. most economists in the old br would be included in that doubt that that will work. —— old br, it appears as though that we do not know this is the case but i think the most obvious conclusion is to draw that the 0br would have provided a message that would be unhelpful to the government and that is what they have been sidelined. liz truss said that the reason for proceeding in this fashion is to hit the ground running and that there will be a full budget later in the year, we...

BBCNEWS BBC News June 4, 2024 08:10:00 - Vimarsana News

BBCNEWS BBC News June 4, 2024 08:10:00

Treasury spokesperson has said that the 0br will be doing the forecast along with the full budget that we really need to hear it from the new set of nesters. at the moment it is not clear that they support the 0br, it is not clear they are open to that objective scrutiny. you want to see a commitment to the lack today and to have a commitment to have a full object assessment of their finances at the full budget in november. in finances at the full budget in november-— finances at the full budget in november. , ., ,., . , november. in terms of the politics, we are new — november. in terms o...

BBCNEWS BBC News June 4, 2024 12:48:00 - Vimarsana News

BBCNEWS BBC News June 4, 2024 12:48:00

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 rece...

BBCNEWS BBC News June 4, 2024 08:12:00 - Vimarsana News

BBCNEWS BBC News June 4, 2024 08:12:00

Wouldn't be accompanied by an independent forecaster because of the urgency of getting an emergency budget done. but what is the 0br saying in response? the budget done. but what is the obr saying in response?— budget done. but what is the obr saying in response? the obr have certainly indicated _ saying in response? the obr have certainly indicated they _ saying in response? the obr have certainly indicated they could - saying in response? the obr have certainly indicated they could well| certainly indicated they could well do a forecast should she want one, if she was elected, in time for ...