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BBCNEWS Outside Source June 4, 2024 19:32:00 - Vimarsana News

BBCNEWS Outside Source June 4, 2024 19:32:00

Overall this year, the economy still forecast to grow by 4.2%. gdp then falls in 2023 by 1.4%, before rising by 1.3%, 2.6% and 2.7% in the following three years. well, many are calling the chancellor's package a return to austerity. but is that the case? austerity is adopted by governments to try to "balance the books" if it's been running a budget deficit, or overdraft, where it's having to borrow money to fund public spending. it was pursued back in 2010 — in the aftermath of the financial crisis. david cameron was prime minister at the time. austerity then meant deep spending cuts and tax...

BBCNEWS Outside Source June 4, 2024 20:09:00 - Vimarsana News

BBCNEWS Outside Source June 4, 2024 20:09:00

The uk and the eu. i was also asking professor stephen _ the uk and the eu. i was also asking professor stephen millard, - the uk and the eu. i was also asking professor stephen millard, the - professor stephen millard, the deputy director of the national institute of economic and social research is whether this autumn statement does indeed represent a return to austerity. it’s statement does indeed represent a return to austerity.— return to austerity. it's not going to be initially _ return to austerity. it's not going to be initially austerity _ return to austerity. it's not going to be...

BBCNEWS Outside Source June 4, 2024 20:01:00 - Vimarsana News

BBCNEWS Outside Source June 4, 2024 20:01:00

Taxes. — chancellor has deployed stealth taxes, taking billions of pounds from _ taxes, taking billions of pounds from ordinary working people. we will from ordinary working people. we. will -et from ordinary working people. will get full from ordinary working people. - will get full analysis and assess whether the altman statement represents a return to austerity. also coming up... the speaker of the us has a representative announces she is stepping down from leading the democrats a day after the republicans score a narrow majority. a dutch court finds a three man guilty of shooting down a ...

BBCNEWS Outside Source June 4, 2024 19:46:00 - Vimarsana News

BBCNEWS Outside Source June 4, 2024 19:46:00

Glasgow. the chancellor jeremy hunt glasgow. the chancellorjeremy hunt says his decision to increase public spending on health and education in england means there will be an extra £1.5 billion available for the scottish government's budget over two years, although the first minister nicola sturgeon says that money is being swallowed up by inflation and she accuses the conservatives of re—imposing austerity. it will be up to the acting finance secretaryjohn swinney to decide how to spend the money he does have and that will happen next month. he will also have to decide whether or not to re...

BBCNEWS Outside Source June 4, 2024 20:08:00 - Vimarsana News

BBCNEWS Outside Source June 4, 2024 20:08:00

We know post covid—19 situation, is there anything else that makes the uk difference to those other countries?— uk difference to those other countries? �*, , , ., countries? it's partly the elephant in the room. _ countries? it's partly the elephant in the room, that _ countries? it's partly the elephant in the room, that nobody - countries? it's partly the elephant in the room, that nobody seems l countries? it's partly the elephant| in the room, that nobody seems to want _ in the room, that nobody seems to want to— in the room, that nobody seems to want to talk— in the room, that n...