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BBCNEWS BBC News June 4, 2024 10:04:00

Think of their history in terms of being, for grandparents, being immigrants from east africa of indian origin. the first hindu prime minister. talking a lot about the prime minister s face and the role that plays in his life. so many aspects of today s events and today s appointment will be poured overin today s appointment will be poured over in the days and weeks to come. with may, chris mason, our political editor, and our economics editor, faisal islam. faisal, as we look at these images of the new prime minister making his way to see the king, it is a good moment i going to reflect on the fact that the happiness and pride will no doubt be tempered in some way by the scale of the challenge that he faces? bud tempered in some way by the scale of the challenge that he faces? find it the challenge that he faces? and it is a challenge the challenge that he faces? and it is a challenge in the challenge that he faces? and it is a challenge in an the challenge that he faces? and i ....

Elizabeth Truss , Prime Minister , East Africa , Theresa May , Overin Today S Appointment , Chris Mason , King Charles , Faisal Islam , No Doubt , Rishi Sunak Will Face , Notjust About ,

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

Weeks ago. what has changed since thenis weeks ago. what has changed since then is the conservative party has styled over the precipice of oblivion and seen just how bleak it would be were they to leap over it. and i think they now now that they have to be, if they are going to have to be, if they are going to have a future, together because the challenges of government would be huge for rishi sunak if he can hold his party together. they will be impossible if he can t. we know that because we know what happened to liz truss, we know what happened to borisjohnson. but truss, we know what happened to boris johnson. but those challenges of being united and being stable to begin when he tries to form a government, bringing various elements of the conservative parliamentary party together at a time when most of those cabinet ministers, even the most long serving, some, like the chancellor and home secretary, forjust a matter of days. we and home secretary, for ust a matter of days.i and h ....

Conservative Party , Elizabeth Truss , Rishi Sunak , Tory Party , Boris Johnson , Jeremy Hunt , Cabinet Ministers , Home Secretary , Fiscal Statement , Ust A Matter , Ust A Matter Of Da S ,

BBCNEWS Ros Atkins On The Week June 4, 2024 10:35:00

Jeremy hunt dismantled her policies. we remain completely committed to our mission to go for growth, but growth requires confidence and stability, which is why we are taking many difficult decisions, starting today. difficult decisions said the chancellor, and those decisions were made necessary in part by the mini budget, and the hole it had created in the public finances. and even afterjeremy hunt had rolled back on most of the tax cuts, the increased cost of borrowing meant the government still had to find £30 40 billion in savings. to do that, to close this so called black hole, the government was now turning to spending cuts. to get a sense whether those cuts could have been avoided, i went to see faisal islam, the bbc s economics editor. faisal, you all right? bit busy! ....

Jeremy Hunt , Tax Cuts , Black Hole , 40 Billion , Spending Cuts , Faisal Islam ,

BBCNEWS World Business Report June 4, 2024 04:43:00

Talked about investment to britain? faisal talked about the investment to britain? faisal talked about the institutional breakdown and it is the trust in institutions, the independence committee oversight. has it been damaging oversight. has it been damaging over the course of that last year or indeed over the last six years? your previous guest was talking about the long term discount on gilts, so government debt on sterling, but the most obvious one is on the valuation of uk companies, which is about 25% to 30% lower than global equivalents, and thatis than global equivalents, and that is a long held, about six year, discount, which international investors have noted an uncertain path since the brexit vote in 2016, they have had to apply risk premium to uk assets, which is damaging and costly for uk companies, uk entrepreneurs. entrepreneurs. you are right. over the entrepreneurs. you are right. over the course entrepreneurs. you are right. over the course of entrepreneurs ....

Independence Committee Oversight , Government Debt , Risk Premium ,