Vehicles. Also high on the agenda. Many vendors here making a points of showcasing their electric vehicles like this one here for this. And it goes to show that even the middle east is getting on board. The electric vehicle cries, now 200000 people are expected here at the Geneva International motor show, which runs until october the 14th told me cry, ill just aero star her get them for the back. You know, with the headlines on, ill just see, or i reckon number of migraines to crossing into the united states. More than 200000. Arrived from mexico in september that being sent to various states while theyre assigned them frames the process. A european leaders have concluded a summit in spain with the issue of migration dominating the tox, poland and hungary rejected a joint statement as a meeting wrapped up. They are opposed to cons, to distribute migrants across you states. The Nobel Peace Prize has been awarded to a rainy and womens rights. Active is not guess mohammed the 2 lawn condemned the award is politically motivated, comedy, 7, jail sentences amounting to more than 30 years. Turkey is intensifying, is offensive. Again, scottish lead forces in Northern Syria took, he says, 2 fighters have been killed. Violence has fled after bombing in correct on sunday. As strikes have targeted villages across syrias rebel held a live province. At least 4 people were killed. The government launched a major offensive following an attack when the military academy on thursday and a 10 year old boy has been killed in russian asked, writes him ukrainian city of khaki, a russian. Ms. Ha, hate a village. Me a, by the day before killing 52 people. Those on the headlines coming up next on algebra. Its counting the cost to stay with us. As the librarians are heading to the poles to elect the president , the members of the house of representatives. Can george we a secure a 2nd president ial term despite height, unemployment, as accusations of corruption or with the country felt for change. Liberias elections, special coverage on the jersey to the hello and so robin and this is counting the cost on it. Ill just say a weekly look at the world of business and economics this week for things governing conservatives are trying to get in polls due to the economy and other issues. Actually soon that wants to win back photos and present himself as the Prime Minister of change. Also this week 2 kias central bank rams up Interest Rate hikes in a page detained installation, we asked the trade minister most behind this shift in economic policy. Also demands the travel has been high after years of cobit 19 restrictions, but the so called revenge a one the last could be waiting the book into the Bank Overseas through that who was seen as the british Prime Minister who could study the ship after the economic turmoil of lives truss but almost a year after he took office, his governing conservative party is trailing leave it in the opinion polls the u. K. Could be heading into a general election next year. The student wants to convince voters that he can still bring change after 13 years of conservative government outlined his plans that the policies annual conference where we challenge reports from manchester. It was a challenging speech for the Prime Minister. Thats a round off. What has been a challenging conference for his government at times hit remind just that it felt like the agenda was spiraling out of the control that was for todays frenzied speculation over the fates of high speed rally. H. S 2 and freedom spigot is like the full, my Prime Minister and low tax champion lives trusts, and your skeptics, 5 rounds nodule for raj, stole the limelight, stole was sent to stay. So the final speech was of johnson vs. So youre not to take back control and what he did was to paint himself as the change candidates ahead of an assumed general election next year. Now thats difficult to do, considering the conservatives, ive been in power for 13 years. He said he wants to attend 3 decades of short termism and pressures politics and to take the difficult, the long term decisions for the, for the past 2 months of the country. Thats the context in which he finally confirms that the bombing into manchester leg h. S. 2 was going to be scraps in favor of a spiders web of improved rail. Try and rows, connections across the north of the country. Im ending this long running saw that i am canceling the rest of the h. S to project. And its flight. And its place we will then we will re invest every single penny 36000000. 00 pounds in hundreds of new transport projects in the north and the midlands across the country. But they would know plans from richie, so youre not so you caught taxes as news trusts as being drink. Instead, he says hes focused on having inflation as he puts its the real skies the conservative side and wishes to not have the problems. The membership of the policy has never loved him. Im certainly the country does not love that can 7 times anymore. They are still between 10 and 20 percent behind in the polls, and theres no signs that this conference or really so next speech is turning that around. Well reach out for algebra, casting the cost in mentioned so. Well. Joining us from london is vicky prize. Shes the chief Economic Advisor at the center for economics and business research, ms. Price, kentucky with us on counting the cost. Can i just begin with the probably minutes of the perception of the problem is to speech the compass was to fold really what the policy wants to hear, what the British Public will make of it both audiences you might say need direction from the Prime Minister envisaging source of the Economic Future that impacts on both sides. What did you make of it . The interesting thing is that it was very well received, of course, by the conference attendees. So of course, the role of conservative voters and to activist what has happened since, of course, is that there are bits of his speech which have been discussed quite extensively. Not just whats happening on the transport side. Just scrapping all the noise in the blink. As i was going to connect me home with mine just and then it goes beyond whatever other Infrastructure Spending that was going to be there as well. He has also talks about other issues which are quite interesting. Festival randy prolong some of the money for links between various cities and also doing more to towns instead of this 36000000000 that was going to be spent otherwise about the results. And i live in terms of interference from the stage of on a cigarette. Smoking where hes raising the age from which he wants to from which you, you can legally bias cigarettes, which means that anyone whos 14 now may not be able to advise cigarettes because he wouldnt be happening every year. So the mix of those things generally of mens as hes his speech was actually reasonably well received across the u. K. Think well, just bear with us for, but lets get all of us a little bit more context on whats being guy going because uh, the 1st image of speech altogether in january payment is to see next set up 5 priorities. Always government 1st is having installation, which was a 10. 00 by the end of 2022. Its down to 6. 00 and old cost and thats still higher than his target. Second is great, g d, p, the u. K. Economy is recovered from the pen demik faster than previously thoughts and percent is no longer there was performing amongst the group of 7 nations. That, of course, is the priority is to reduce national debt. It was still very high earlier this year at almost 100 percent of g d. P a and cutting hospital waiting listing number of patients. A waiting treatment in england was more than a 100000 people in july from the previous month. And finally, stopping, mike would face 25 percent. Few of people are being recorded crossing the channel from francis at 10. The then in the same period last yeah. Of course miss price, the Prime Minister seen that cuz of weve been trying to stabilize the, the policy since he took over. But also trying to stabilize the economy as being a sort of a shaky ship. Really. Hasnt it for many factors that are in and out of his control, what do you make of the situation about the way hes guiding the economy . He wants to be seen as a stable helmsman. I think that is a time that you can attribute to him, and i think the population at large seems to think that that he has a chief, sat up to a point because we had all these problems a year ago when hes produced as a uh, announce the o and hot chops or announced the many budgets which was quite unfunded. And there were serious concerns in the markets about whether u. K was going sterling fell and there was a big change that took place. And at the end of a lot of that im rumbled and versus who enough to kind of uh, actually has indeed studied the ship if you like. But whether he can meet these pledges is quite interesting. The same place. One is quite an easy one because the bank video has raised Interest Rates and of course well see will, will i installation coming down and is your price is coming down. So thats the one that will be meant by the end of the year. So holding the inflation rate, gross has been slightly higher as you were just saying about had been anticipated and we seem to have avoided to a technical recession. So thats good as well. So there are a number of other areas where you know, things on whats happening and you mentioned the National Health service. Thats a serious problem. Still a boats havent been stopped, but the few uh people coming so um thats perhaps the sort of positive. But overall, i think it is the cannot make it public nations of everything that has happened so far, havent necessarily sunk into the population. And there is still a big, big gap between the conservatives in the opinion, polls and label, who are way on top of that with this big issue as matter about bringing inflation di, which weve touched upon on this talk about cutting taxes, which is a divisive issue. As we had towards that general election, what is the impact of cutting taxes in terms of the impact as on the big industry and on the money in peoples pockets, which is what they want to hear about during this very difficult cost of living crisis. But not just the u. K, but globally is being experienced by so many people i think publish as soon as we need to do is also his party. And whoever may want to talk to him said the, the possibility of cutting taxes. And i think one of the reasons for scrapping the, the know the extension of h is to the high speed link is really in order to have little bit more money to do. Yes, if you other things, but also possibly cutting taxes before the next selection, which is going to happen sometime in 2024. Uh probably. And then the latest time we can happens is january 2025. So um, so thats a big issue for him. And indeed, tax scotts, uh, full businesses have been raised by, hes put, it says that list trust to both by me just a briefly because of course, one of the things to do research to not get a was to increase the way it wasnt that last and this started by him was a nice actually, but boy is johnson interesting enough. Wonderful Res Corporation tax from 19 percent to 25 percent. And that these heating businesses on the other hand, it is raising a did raise last year about 8 to 3000000000. You cant do without the money because of course you also mentioned whats happening on, on a dash 2 g d p and the ratio that, thats really, really important. And you cant stop reducing that unless you still collect money. And if youre not going to collect it from income tax, which is the biggest source of funding for the government, then youve got to have a piece of it extra still a. What does all that salt for a moment to vicki . Multi discuss thats give all of us more ideas about whats going on because its 5 minutes to assume that goals and plans through all that. A series of policies over the coming weeks, approximately scaling back home green measures and nothing please. Pushing back a bond on the side of new diesel, and thats what caused by 5 years to 2035, facing out gas for this, and losing Energy Efficiency standards. Seen it cuz also prove the new north sea oil and gas drilling field. His government has raised also the minimum wage for full time work cuz so cool. So you know, some pushback in terms of the green policies about the government had been, you might say pushing and promoting to the British Public. But hate just to has grab the headlines this train line from london, hopefully going right up to the middle to manchester into leads. Putney cancelled most of funding and its going to a huge impact and a huge debate as we had towards that general election. All these things are really crucial a thing right now. I think what key wants to show is that she looks, its a research to not looks at the figures and is quite concerned about the costs of the tax payer of a very schemes of whether the money can be re deployed in a different way where the body from money would be better, so the cost benefit would work to the advantage of those regions. And this is what hes been advocating now. Is that the, the extension was a big expense which perhaps can, can be we deployed in different ways and to help theres definitely not below that would otherwise be the case so, so there is that, but on the environmental side, which is interesting, all thats happened is that weve gone back by extending the deadline of when many Manufacturing Companies can still. So im to buy some engine cause and with fuel by petrol and diesel to 2035, which is more or less what was the case before 2019 and where all the other European Countries are, are also pursuing a similar deadline. And this is whats going on around the world. So we went ahead of the pack, but in reality we dont have enough charging funds for electric vehicles. And thats a big, big issue. So there is a real concern also about where some of the components are electric vehicles that produce, we know very heavily subsidizing bass, 3 production here in the you can release, trying to attract investment for it. So i think it makes sense from that point of view, and of course a vicky with all of that debate going on about january the Electricity Generation and supply. Does this really given your opinion, the labor policy, the official position . I dont put you in a t to explain with what they would do and how they would proceed if and when they have a wind that general election because it might be an opportunity right now considering poll numbers for the ruling, conservative volunteer. So down i think that have already indicated in my reverse that a change and the deadline also remains to be seen whether its, its doable or not. But there is another issue about new oil and gas licenses and then not see. This government has now allowed some new ones to be given and the labor part of your site is not going to allow any new one is when they come to file, but they wouldnt respect the ones that will have been given between now and then. If of course they when next time around. So the awesome distinguishing of factors that nothing, yes, uh the, the liberal party will, would try and, and differentiate yourself if you like from, from the conservative party. But it is quite difficult, particularly since theyre still going to have a huge problem on the fiscal side. Gonna be going to have to have a to stay with. Were just seeing what happens to the price that joining us from london. Thank you for your time. I, i think its the shrinking of foreign currency reserve and soaring inflation. So key is economy has been on the downward spiral for the past few years. The central bank has reverse present friendship, top photo ones, mandatory policy of height, Interest Rates to ease those prices. To bring in revenue, the government is betting big old manufacturing that accountability 20 percent of g. D. P in 2022. So so the spoke to the faith minister. Oh, what about he started by asking if to kia, has become an International Production hub after the break of the co it 19 turkey a good, the possibility of supplying the make goes cleaning materials and all of the into immediate goods or consumer goods to the rest the markets and the in this way to, to has pro and it says to be hop for the quality competitive and raising the price of Manufacturing Products and a supplier and the logistical. What is the Competitive Edge of to key it among the Big Companies as all attempting to attract for an in westman to boost in congress . What does your competitive patch charge is an open economic competitive market . The con, i mean, and our laws and all the regulations are equal for domestic and International Investors and tre, theres not discrimination at all in all aspects, taxation, public procurement, and public defenders, a commercial law in all aspects. So uh, we would like to take advantage of all these uh, factors. Most importantly, we have a talented uh, labor force that we have at talent, the white color, good educated, workforce. And the have, as i mean, geographical proximity to the most developed markets like invest in europe, in markets. And we have a very Competitive Services sector in transportation, in telecommunications, high tech industries, as also for the sector. And is, i mean we have a very talented threes in sector. I mean in detroit case tourism in the ranks fall off in the wrong area. And. And our goal is to increase the number of torys entries in income to 100000000000. 00 in threes and income and 100000000. 00 tories. And by the year 2013, the country is still suffering from one of the highest inflation rates. So just coming to that of the winning, the me elections, your governments raised Interest Rate is dramatically from 8. 5 percent to 25 percent. That was at the push it from your previous policy that was based on the low Interest Rate. So what compelled you to alter your strategy and how has that affect the 2 or 4 and 3 stickers so far . The government eh, had to have a new policy in monetary and economic field. And to lead the country to grow for export oriented and means that for the, the city mil, late our exportation. And we try to keep the domestic domestic demand a little bit moderating. And therefore, in order to increase our hot currency, the reserves and central bank up to the for a sharp successive increases in the, in the political Interest Rate. This paula sit stock to, to have effects on the far ends right front. Our exports are increasing at the lower rate compared to with the same month off last year. And a foot and tray deficit start to degrees on the by mouth. I mean, each month and it shall be, well continue this trend and we will keep our heart governor series as a is sufficient for the economy and to keep f law. The minister of 3 of the republic of turkey. Mister america, by thank you for i thank you very much. The pun, debit looked at it was made International Travel based in possible symbols. In 2 years. I see this kind of it 19 restrictions were lifted, millions of people rushed to go on holiday or visit by families 2022 sore, a huge rise in the num, both International Travelers. The phenomena was dumped. Revenge travel, but the edge to spend on pricey trips appears to be fading in 2023. A new report by the Research CompanyMorning Consult sometime. Travel is folding in many countries, mainly in europe. Theyve dropped 11 Percentage Points in front since 6 in june, but a since 2022 interest in travels as out in canada and russia. The new data comes as the plane manufacturer. Boeing says the recovery in travel demand is more resilient than the company expected. Well, joining us from sydney assignment ls, good assignment as an aviation analyst and had to research at topic center for aviation. Just as good. Really good to have you with us from sidney. I mean, thats pace depending on which side of the fence youll sitting, the document makes for interesting reading. I mean, what, what are the salient points that you think are important for the traveller more more . See is the sort of the Revenge Travel phrase from the end of x starting to come to a close. Its not happening uniformly a and its not the same rate ever way. Interested in any trouble remains elevated globally and airlines. Seeing that translating into a more interesting premium travel business cause travel and that sort of thing. Uh, but this being uh, i sort of slowing all this for being in trouble for my mom in some geographies. Particularly the Northern Hemisphere advanced economies. People have had they, theyve spent their savings on their once in a lifetime. Well they, they fucking bucket list to sort of trip, and now theyre returning to more, more usual, more typical travel patterns. What were seeing in the developing world where Economic Growth is, is more rapid, is the there are still pending savings, but its still a launch desire to travel, particularly internationally. Most is most pronounced piece, you know, of asia, a Weight Capacity is still only about 2 thirds of what it was in 2019. And so theres a lot of henry progressed in div thats cool. So you, you just mentioned the focus in move and uh, maybe Northern Hemisphere developed countries. I, europe, that people maybe havent run out of money yet. There is money available as you say in other areas. And then other groups in other demographic such as, for example, the chinese, all the americans, lots taurus, groups come to europe, for example. What the financial situation, those 2 countries, for example, is also very difficult right now. How do you assess that markets of whether they are able to travel and want to travel as well, starting with the chinese trouble lock. And so trying to reopen, officially re up international troll in early, early this year. And there was an initial, a huge blooming interest that has a really translated yet into a really big group like chinese, Outbound Travel and by International Travelers coming into china. There are a range of reasons behind, but um i be going to select capacity. As i mentioned, the north asian markets, only about 2 thirds of china are still well up to 50 percent of its International Pre pandemic capacity. Um that has been continued given restrictions on the sounds of brick tumors and package tools to finally being so swept away and then also be a shift in the chinese trouble. The chinese rediscover the domestic market for travel during, during the coated period. And i am with some of the financial to them all thats been going on the market um and some of the, the elevated, lingering, elevated safety concerns in the chinese driver. Were seeing a strong preference for domestic trouble and data assignment just briefly a bit before we go. I mean, overall, do you think that the industry as well as for the travel it looks good as we sort of ends 2023 and we had to 2024. What are your predictions . The industry still got a lot of kinks to work out from private supply chains. I still disrupted the industry so hasnt managed to get employment back to where it was to a bad demick. There are still lots of unexpected. Lots of bonds that are being thrown up by geo politics, by the constant shops of weather and, and one on forbids of the industry really adaptable and its, its a very, very high job sector. If airlines see that one market isnt performing that will ship there could been elsewhere, you know, an aircraft is, is a transferable asset. Um, so the industry is, is very, very fast to react to these situations. But its not, its not in the health that was beforehand demik, even though we see so many lines reporting record financial results. Um those results are really undergoing the distributed across the Globe Airlines that are big, wealthy markets to not doing well. And the rest of the world is not going to well, we shall see what happens in 2024, but from american simon else. Good, thanks for joining us from sidney. Thank you very much for having me on that. So ill show you the full this week to get in touch with us on x, formerly known as which time i had to live with that. So on the school rom, and then to use the hash tag h a c, t c. When you take all the top is aligned on the e mail, counting the costs, the challenge is there a dont that thats how it attracts. But as well see you on line to college, they have a dot com forward slash c t c. Thatll take you straight to our page, which has individual reports, links, and the entire episodes fees to catch up on assets full. This edition of counts and the cost times the whole rama consulting here for joining us. The news is next on the, the the, according to the un since the conflict broke out and so done in april, more than 700000. 00 people have fled the country. Most of them have fled to chatter, egypt, but now some are arriving here in libya. Some people bring dispute a more set, but its not enough for all the children. If the fighting continues in neighboring through that many fear that could possibly be an influx of refugees and possibly fighters crossing into libya, you in which the yours is libya is not a safe place for refugees and asylum seekers. And that they try to give assistance to those who are the most vulnerable, which for the women and children here thats just not enough. The. Despite the dangers and price of deportation, thousands of migraines continued to make the dangerous journey to economize diary in gap in the hope of a better life in the us. The. This is on 20 life from bill. Im for the back also coming up a 1st for columbia, a former president of viral rebate is going on trying to over allegations of bribing witnesses