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BBCNEWS World July 4, 2024

A general election. The backdrop a flat lining Economy Millions struggling with the cost of living and polling indicating the Conservative Party is lagging far behind the opposition. Not to mention Financial Markets on edge for anything that might worsen the uks finances. The memory of Prime Minister liz truss s disastrous Tax Cutting Budget no doubt not far from mr hunts mind. So lets remind ourselves what he came up with. The rate of National Insurance paid by employees and the self employed, will be cut again by 2 pence in the pound. That comes on top of an earlier 2p cut mr hunt announced in the autumn. In april, full
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BBCNEWS World July 2, 2024

to the latest estimates. britain s labour shortage is weighing on the economy and making it harder to control inflation as it pushes up wages. so on thursday the government s finance chief chancellor of the exchequerjeremy hunt outlined plans to get more people into the workforce. it could mean benefits being cut for healthy people who aren t in a job, as well as more support to get sick people back into work. meanwhile, the person who hopes to take his job after the next election shadow chancellor rachel reeves has told the bbc that the answer is more spending on the nhs to alleviate massive backlogs. here s our economics editor, faisal islam. ahead of a crucial autumn statement next week, there are a couple of economic facts the shadow chancellor and actual chancellor agree on. people in here will be admitted to hospital. the economy has a workforce problem related to health, and in turn, a growth problem. they disagree on the surgery required. we ve got to fix our ....

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