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BBCNEWS World Business Report July 7, 2024

so they really are looking for some political and economic stability. well, for now, markets are calm. but investors say any mis step in appointing a new leader could see the uk plunged back into financial crisis a place in uk political history as the shortest serving prime minster ever. she lasted just 44 days in office before announcing her resignation yesterday. but she s also contributed another record to the english language. the shortest lived economic catchphrase. we started using the term trussonomics just six weeks ago. a plan for a low tax, low regulation, high growth britain by liberated by brexit. with the phrase and its policies now on the scrapheap, our business editor simonjack takes a look back at the rapid rise and fall of trussonomics. can we afford these tax cuts, chancellor? the road to liz truss demise arguably started here the not so mini budget that she and her chancellor announced with great fanfare. and i commend it to the house. ....

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BBCNEWS Breakfast July 3, 2024

Tonight, thank god its them instead of you. Live aid lives on. One of the most famous concerts of all time is being turned into a musical. Live aid the musical happened 40 years live aid the musical happened 40 years ago. Live aid the musical happened 40 years ago, it was at wembley, you know a cloudy day four wales, when developing later, some and blustery showers for scotland and Northern Ireland. All the details later in the programme. Good morning. Its monday the 2nd of october. Our main story Health Leaders are warning of extreme disruption to services in england, as doctors begin their most significant Industrial Action so far. The three day walk out is the longestjoint strike byJunior Doctors and consultants in the history of the health service. Theyre a ....

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BBCNEWS World Business Report June 4, 2024 04:33:00

Didn t like it one bit they thought it showed a reckless approach to the public finances. the pound already weak fell to its lowest level in history against the dollar. the cost of government borrowing rose so quickly, the bank of england had to get involved, and that pushed up other borrowing costs mortgage rates, which were already rising, spiked even higher, with the cost of an average two year deal now over 6.5%. the markets gave a massive thumbs down to trussonomics. so the plan was stripped of almost every major measure. an £18 billion cut in corporation tax, a 1p cut in income tax, energy subsidies for all for two years all binned by a replacement chancellor, jeremy hunt. the financial markets were reassured, a measure of calm was restored. as the prime minister herself is toppled, the markets have barely moved. how come? sojeremy hunt is considered a safe pair of hands by financial markets. he has put in place the policies of rishi sunak, and they liked rishi sunak. ....

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BBCNEWS BBC News June 4, 2024 14:08:00

And also voters. completely. i think the next question is, and also voters. completely. i think the next question is, will and also voters. completely. i think the next question is, will the - the next question is, will the government be able to follow through with what it is saying it is going to do? there is still a big fiscal hole, even with these reversals we have seen, and sojeremy hunt as chancellor is saying there are going to be spending cuts to come, may be further tax rises. the question is whether this government can get those through parliament was up if not, we could be taking a step backwards in a few weeks. i not, we could be taking a step backwards in a few weeks. i spoke to the former pensions backwards in a few weeks. i spoke to the former pensions minister, - backwards in a few weeks. i spoke to the former pensions minister, steve | the former pensions minister, steve webster, who served in the coalition government and the austerity years and he said that what i ....

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BBCNEWS The Papers June 4, 2024 21:40:00

Been in her chancellor date. we have always been in a her chancellor date. we have always been in a bad situation. really, this whole been in a bad situation. really, this whole mini budget. if rishi sunak this whole mini budget. if rishi sunak was this whole mini budget. if rishi sunak was to become prime minister, yes, sunak was to become prime minister, yes. he sunak was to become prime minister, yes, he would have the trust and confidence yes, he would have the trust and confidence of the markets because he would confidence of the markets because he would have confidence of the markets because he would have a much more neutral fiscal would have a much more neutral fiscal plan. would have a much more neutral fiscal plan, he has also been chancellor for some time. i am quite sceptical chancellor for some time. i am quite sceptical whether rishi sunak could make sceptical whether rishi sunak could make it sceptical whether rishi sunak could make it if sceptica ....

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