Away from london and heading to new york. they are far from alone. plumbing giant ferguson left the ftse 100 last year and moved to wall street, and gambling group flutter also says it s considering doing the same. the size of the london stock market has been shrinking in recent years. at its peak in 2007 the value of shares listed in london was $4.3 trillion, has fallen to $3 trillion as of this year. and that means london is no longer europe s largest stock market, it lost that title to paris last year. in february the boss of the lloyds of london insurance market expressed his concerns about the city s status to our business editor simonjack. i think we had huge credibility around stability and certainty and i think what we need to do through 23 and 2a is begin to rebuild that stability and that sense of the financial services and the uk as a financial
4.3 trillion. 1.4 trillion. a lot of cash. yes. a lot of cash. but that surprised me. and you hear though, from trump republicans, who they want the energy economy to be independent. and they would be supportive of that kind of spending and that got a lot of money for nuclear energy and frankly that s something that is supported by plenty of republicans. do we still have mike memoli. we still do not have mike. elise, when you look at the state of affairs, what is your sense, i know the polling shows the republicans are on the generic ballot and you have spoken to folks, what is your sense of where things are going? it is close but i think republicans have a bit of an advantage, just given the state of the economy, that everyone is paying more for food, and that s something that hits you every single time you try to feed your family, feed yourself. talk about democracy being at stake. we talk about pocketbook issues
Democrats are by no means, a lot of it was in donald trump s tax cut in 2017 but what you do is you basically create a program and you say it s going to expire in a year or two years and of course once the program is expired, they get renewed and the cost gets added back in. what i listed is the child tax care credits and expanding affordable care act in 2025 and so forth. they would have substantial costs totaling $2. trillion above the cost of legislation. if all these programs were extended and washington programs rarely dies, they get extended, you are looking at $4.3 trillion of total cost of this bill relative to the $2.4 trillion
Baselines, follow me, i don t want to get to in the weeds benjamin: it s friday now. seriously though, they sometimes will put in what they call a policy baseline on top of what congress is asking them to score, their judgment about what the longer effects will be from various programs, it is a judgment call and quite useful, you will see that, they mention for trillion and i think that s a reasonable number. the original idea that house budget committee mark was 4.3 trillion, but if you scored a properly as my own mcginnis and some of the outside budget groups, it s about 5.5 trillion, because of this gimmick, this clever, but not really clever, shortening of the time frame. so they sunset it. but the idea is wink link, nod
43.3% from september 2020 to 21. car rentals up 43%. lodging is up almost 20%. the cost of steak up more than 19%. that s just in one year. we ve got well, more than three years of the biden administration to go, and so far these numbers don t show any sign of relenting. you know, after the 2 trillion dollars reckless biden bailout bill that was passed in march, we re seeing inflation fuel the fire. it s absolutely awful. the price of gas in my home state is up 80% since january 20th. the cost to put food on the table, clothes on your backs or gas in your car is higher because of inflation. cbo projects will hit inflation the highest it has hit since 1981, since jimmy carter policies. but guess what? if we pass this 4.3 trillion dollars wasteful spending bill, you talk about it adding fuel to