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BBCNEWS World Business Report July 7, 2024 - Vimarsana News

BBCNEWS World Business Report July 7, 2024

let's start here in the uk where the new chancellor has been holding crunch talks with the prime minister on sunday to thrash out plans on tax and spending. jeremy hunt says his focus is on growth underpinned by stability. the value of the pound has gone up against the dollar in early trading today in asia. we will look at the market numbers in a moment because the new chancellor has the tough task of restoring economic credibility in the financial markets. our international trade correspondent dharshini david explains some of the tough challenges he faces. as international trading r...

BBCNEWS BBC News July 6, 2024 - Vimarsana News

BBCNEWS BBC News July 6, 2024

the prime minister and scotland's first minister meet for the first time in inverness. one of the things they discussed was a law passed in scotland last month to make it easier to change gender. what i'm concerned about is the impact of the bill across the united kingdom, and as is entirely standard, the uk government would take advice on that. millions more people in england will be prescribed cholesterol lowering drugs to cut their risk of heart attacks and strokes. good morning and welcome to bbc news. the latest gdp figures show the uk economy unexpectedly grew in november, help...

BBCNEWS BBC News July 7, 2024 - Vimarsana News

BBCNEWS BBC News July 7, 2024

employer asks you to work from home, so if you decide as a freelancer you fancy working from home, it's not the same as if an employer ask you to work from home. you can claim that and you can also backdate it for the last couple of years as well, so it's not a huge amount and every penny counts and it is worth about £60 a year, so you can do that, and obviously if you are living in rented accommodation and you are working part—time, then the rules are that your landlord should be passing on any benefit from the £400 energy bill discount to you as well, so that may well help. ste...

BBCNEWS World Business Report July 7, 2024 - Vimarsana News

BBCNEWS World Business Report July 7, 2024

hello and welcome to audiences in the uk and around the world. we start here in the uk — where the bank of england is poised for the biggest rise in the cost of borrowing for 27 years — to rein in the soaring cost of living. economists expect the central bank to raise its main interest rate by half a percentage point — something it hasn't done in one go since 1995. that would take it to 1.75% the most expensive borrowing costs the uk has seen for almost a decade and a half — with further steep rises expected. it comes as a leading think tank has warned inflation could hit 15%...

BBCNEWS World Business Report July 7, 2024 - Vimarsana News

BBCNEWS World Business Report July 7, 2024

we start today with the problem staring at us every time we go to the shops and look at our bank balance: the cost of living crisis. today we'll get the latest estimate of inflation here in the uk for the month of may. we'll go back to april to set the scene: inflation that month was running at 9%,' the highest rate here in the uk for a0 years. looking into the future, the bank of england has warned inflation might exceed 11% later this year as the prices of fuel and food put pressure on household budgets. the response by the bank of england has been to raise the cost of borrowing. r...