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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 resumed for the first time after the chancellor wrapped up an economic strategy launched just one month ago, but his version, will it reassure other financial markets? let s look at those challenges, because this is the cost of new government borrowing, as dictated by the bond markets, which also impact mortgage rates. that rate remained high on friday then it was prior to september s mini bu ....

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BBCNEWS BBC News July 7, 2024

report has just told uncomfortable truths and it has to be dealt with. air raid sirens sound in kyiv officials say russia is using self detonating drones to attack the ukrainian capital. good morning and welcome to bbc news. the new chancellorjeremy hunt is to deliver an emergency statement on the economy this morning, bringing forward measures a fortnight earlier than expected. it s expected there ll be a delay in the plan to cut the basic rate of income tax from 20p to 19p, that would be yet naother u turn from the mini statement that caused such turmoil on the financial markets. in an effort to calm those markets, the chancellor will bring forward measures from the so called medium term fiscal plan how he ll pay for the measures announced in the mini budget last month. yesterday he told the bbc that he was not taking anything off the table in terms of tax and spending. already on friday liz truss announced an £18 billion u turn on scrapping an increase in corporat ....

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BBCNEWS Breakfast July 7, 2024

hundreds of officers have been getting away with breaking the law and misconduct. manchester united footballer mason greenwood is due in court, charged with attempted rape, controlling behaviour and assault. a huge win for liverpool but the fans see red at anfield. as mo salah s strike ends manchester city s winless run, the match is overshadowed by the behaviour of some spectators. and it s mild out there this morning but i bet on the wet side, plenty of sunshine to come for most of you today on what will be a rather mild week. good morning, everybody. it s monday, 17th october. our main story: the chancellor will annouce further mini budget u turns today two weeks earlier than expected. jeremy hunt is expected to fast track billions of pounds worth of tax and spending measures. let s get some more details from our chief political correspondent, nick eardley. i know this news is onlyjust coming through to us in the last few moments. through to us in the last few moments- ....

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CNN CNN Newsroom July 6, 2024

were, you know, put in exile. that s what they ll have to get to. you ll have the folks. mary miller just miller. let s wait and see, chip roy and if you have scott perry voting yes, you ll have the serious people will now come over to kevin and then you ll have the kind of the clown show for lack of a better phrase, right? the people who are just they re just here for theater, right? if those are the folks still outstanding mccarthy will win. that s i think the key point. that was mary miller. mary miller who had previously been part of the bloc of 20 just flipped her vote. you see this building momentum in terms of flitting the bloc of the 20 who are obstinate against mccarthy. the thing to look at if you don t read the tea leaves of politics every day, the difference if that 20 between the intransigent ones there not in good faith to simply make a stand and show and frankly burn the house down, and the ones who have principled policy differences where t ....

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BBCNEWS BBC News at One July 7, 2024

in the pension market. we ve needed to respond to that very quickly and we just can t respond fast enough. we ll bring you details of that series of interviews the prime minister gave this morning and the latest on the markets. also this lunchtime. russia announces its formally annexing four regions of ukraine after referendums there that have been condemned as illegal and illegitimate. one of the most dangerous storms in us history hits florida, plunging millions of people into darkness. at windsor castle, the first opportunity to see the queen s final resting place. hundredsjoin the queue to pay their respects. and the research which shows dogs can tell when people are stressed by smelling their sweat and breath. coming up in the sport later in the hour on the bbc news channel, the deadline passed on monday but tyson fury says there s still time for anthonyjoshua to sign up for their world heavyweight title in december. just good afternoon. the prime minister has defe ....

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