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welcome to the programme. it was budget day here in britain today. a big set piece annual event in which the chancellor stairs into the crystal ball, and tries to predict the future — and how best to steer the uk economy through it. the obstacles in his way are common to europe and the united states. high inflation, higher interest rates, and since the pandemic, an intractably acute labour shortage. this graph trackjob vacancies across europe since august 2022, historically high after the pandemic, but you will see the uk, the red line at the very top, is struggling more than most....

To intervene with support — and the swiss central bank says it is ready to make liquidity available to credit suisse if needed. i remember a scenario back in 20111 was covering a summit in france. aand a and president 0bama lent very heavily on angela merkel to come out with the big bazooka to protect the banking structure in europe. we are not of that level right now, but suddenly i get a feeling that governments are bringing other governments are bringing other governments saying you need to do something. governments saying you need to do somethina. ~ ,,., , governments saying you need to ...