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Paid for by spending cuts and tax rises elsewhere . And with a general election imminent, how will the Budget Go Down Beyond Westminster . Im in Newcastle Hearing from local businesses and Community Leaders about what they want from the budget and getting their reaction to what the chancellor announces. Yes, its budget mike day. The day has finally arrived. One of the few remaining set pieces were the government gets the opportunity to set out its agenda before the general election. Whenever that happens. We will talk about speculation on a date later. It will be important to hear how the chan...

rates to a 15 year high at 4.5% as it continues its fight against high inflation. and donald trump calls for republicans to let the us default on its debt rather than give way on biden's spending plans. hello. a warm welcome to the programme. this is world business report, i'm ben thompson and we are going to start in the uk where the bank of england has raised interest rates for a 12th consecutive month. all of that as it tries to fight high inflation. uk interest rates were raised by 0.25%, while the bank said inflation would fall sharply in april but not as far or as fast as it pr...

and israel election officials confirm benjamin netanyahu and his far—right allies as the winners in tuesday's vote — he's set to return for a record sixth term as prime minister. the bank of england has warned that the uk is facing its longest recession since records began, as it raised interest rates by the most in 33 years. the 0.75% point rise — the eighth consecutive hike — takes uk rates to 3%, meaning higher mortgage bills for many homeowners. the bank of england's move matches the us federal reserve�*s rate hike on wednesday, as central banks around the world battle ...

hello and welcome to audiences in the uk and around the world. we start on wall street where stock markets have suffered their worst first half of the year in more than five decades. as of the close on thursday, the s&p 500 index of top us firms has lost more than 20% between january and june, a sell—off on a scale not seen since 1970 when president nixon was in the white house. for the tech—dominated nasdaq, it's been even worse — a near 30% fall for the first half is the worst in its history. from new york, samira hussain has more. the sell—off of the stock market over the ...

Would shop, c4 sharply in april probably because some of those factors drop out of the figures, but they also said it is not as far or as fast as they previously thought. inflation is really sticky in the uk. -- inflation is really sticky in the uk. —— they said inflation would drop sharply. uk. -- they said inflation would dmp sharply-— drop sharply. that's because of second-round _ drop sharply. that's because of second-round effects _ drop sharply. that's because of second-round effects where . second—round effects where businesses, for example, faced with higher costs. they need to...