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Tomorrow will be the last time the chancellor brandishes the budget red box outside number 11 before the election. Will there be any surprises inside . It is the eve of what is probably the governments last set piece before a general election, and speculation over tax cuts surroundsjeremy hunts budget. I asked rishi sunak ally, the former minister liam fox, whther it was time to unfreeze Tax Thresholds. Well, if i had my choice and if i were the chancellor, tomorrow that is what i would be doing. Well be asking labours Shadow Minister For Industry and decarbonisation whether a Labour Government would change the fiscal rules in order to cut taxes . Also tonight. It looks like its going to be a pretty Super Tuesday for donald trump, so can anyone or an ....
in the us, where the chair of the federal reserve seemed to dash expectations of a rate cut next month. we ll have more on the uk s rate decision in a moment but first michelle fleury has the latest from the united states. for the fourth meeting in a row, the federal reserve did not raise interest rates. this is the longest pause since policymakers began their aggressive rate campaign to tame inflation back in march 2022. but, for rate weary americans, they ll likely have to wait a few more months to see any relief given these comments by fed chairjerome powell. based on the meeting today, i would tell you that i don t think it s likely that the committee will reach a level of confidence by the time of the march meeting to identify march as the time to do that. but that s to be seen. mr powell s words disappointed those on wall street who believed that the first cut would potentially happen in march. this is after policymakers back in december hinted at fewer rate cuts in 202 ....
welcome. let me start with the situation welcome. let me start with the situation as we see it on the outlook situation as we see it on the outlook for the economy. the outlook for growth outlook for the economy. the outlook for growth and unemployment has improved~ for growth and unemployment has improved. six months ago we expected a shallow improved. six months ago we expected a shallow but long recession. since then energy prices have fallen substantially and economic activity is holding substantially and economic activity is holding up better than expected. so today is holding up better than expected. so today we forecast modest but not positive so today we forecast modest but not positive growth and a much smaller increase positive growth and a much smaller increase in positive growth and a much smaller increase in unemployment. we think inflation increase in unemployment. we think inflation will fall quite sharply over inflation will fall quit ....
as $54 billion from the swiss central bank. is it enough to calm fears of a new financial crisis? plus: rates rethink. will market turmoil force the european bank to scale back a rise in the cost of borrowing later today? and the generation x factor. why the over 50s have the skills so many employers want, but aren t applying for thejobs. let s now get down to business. we start here in the uk, where households and businesses are weighing up whether they will be better or worse off following the chancellor of the exchequer s first budget. jeremy hunt wants to kick start a stagnating economy that s lagging behind its rivals across the developed world. the big focus getting more people into work and tackling the labour shortage that has left more than a million job vacancies unfilled. there will be more free childcare and changes to benefits and pensions. but there will be no tax cuts for individuals or businesses. companies still face a rise in corporation tax from 19% to 25 ....
shares in the swiss banking giant credit suisse fall to a record low as investors remain worried after the collapse of silicon valley bank. a high court in pakistan orders police to halt their operation to arrest former prime minister imran khan until thursday, following clashes between police and his supporters. conflicting accounts from washington and moscow as a us drone crashes into the black sea after an encounter with russian fighter jets. and a small number of wolves settle in belgium for the first time in more than 100 years as numbers rise across europe. hello. we start here in the uk where the chancellorjeremy hunt has been setting out his budget, pledging to build for the future . the uk economy is set to shrink this year, but it is no longer expected to enter a recession. mr hunt also says the inflation forecast is to fall from above 10%, to just under 3% by the end of 2023. but the labour leader, sir keir starmer, accuses the government of dressing up s ....