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CNN CNN Newsroom Live June 4, 2024 08:34:00

Damages the italian economy first. so we ll see a lot of shift and a lot of change in stud. we ll see how that goes in terms of policy if in fact they win tomorrow. we ll be following that story tomorrow as well. barbie nadeau, thanks so much. british markets tumbled in reaction to the uk government s unveiling of a series of sweeping tax cuts and spending plans. the ftse 100 closed at three month lows and the pound a low against the dollar. jake tapper spoke with the new british prime minister liz truss who defended her government s controversial plans. listen to this. your government just unveiled a new tax proposal this week that would reverse plans to raise the corporate tax rate. you ve also proposed litinftinge cap on bonuses for bank executives. in the u.s. president biden is taking a very different approach and obviously he has a different view on economic measures such ....

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BBCNEWS BBC News June 4, 2024 02:11:00

Announced the biggest tax cuts for half a century. this is the first unveiling of economic plans under the new uk government led by liz truss. among the measures, the higher rate of income tax of 45% is to be abolished. a planned rise in corporation tax from i9% to 25% has been cancelled that s the tax businesses pay on their profits. and the rules which cap bankers bonuses to twice their annual salary have been scrapped. but the markets have not reacted well and the pound fell to a 37 year low against the dollar. it fell more than 3% against the dollar, dropping below $1.09. the opposition labour party has called the government desperate gamblers in a casino chasing a losing run . well, earlier, kwasi kwarteng told mps it would make britain more globally competitive. for an assessment of the budget, here s our political correspondent rob watson. essentially, this is a package of massive tax cuts that is going to mount about $50 ....

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CNN CNN Newsroom Live June 4, 2024 07:43:00

You know, when you look back to 2018 and the anti-establishment five-star movement did so well. now, they were really in charge when we went through covid and when all of these restrictions were put in place, and i think a lot of people don t want to give them another chance. that s probably is what analysts are saying why they re not doing well. italians seem to be looking for something different. if the polls are correct, they re looking for something much different, a far right. the center right coalition is anchored by very far right parties, so that could change a lot, not just in italy but across europe, kim. we ll be watching that and the turnout as well as you indicated there. barbie nadeau in rome, thanks so much. british markets tumbled in reaction to the uk government s unveiling of a series of sweeping tax cuts and spending plans. the ftse 100 closed at three-month lows friday, and the pound sank to a 37-year low against the u.s. dollar. jake tapper spoke with liz truss ....

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MSNBC PoliticsNation June 4, 2024 21:02:00

As a house gop was more concern this week for the unveiling of 2023 agenda ahead of midterm elections in just six weeks. that agenda on surprisingly focused on crime and the border. both issues providing a backdrop for the ongoing drama over the falls relocation of hispanic migrants to liberal cities by red state republicans. one of those cities being the one i am reporting to you from. new york city. and in a few moments, i will talk to the city s mayor. eric adams about steps he is taking to how stranded migrants and push back on the gop campaign stunts. all of that tonight on politics nation, including my mom my got you moment will be on the one state that has banned more books than any other state in the country. but we start with politics. ....

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