life in washington this morning. good morning, ashley and todd, the warships scouring the plexi unlikely to find anything according to top i don t know if we can recover or not, but we will certainly have to do that and have to deal with it. the u.s. top officer said not sure if there fighter bit to make jet meant to call her life crushing down into the sea 30,000 feet about 75 miles southwest of crimea. it went over and landed in the black sea. it is probably 4,000 feet of water. to that depth. but there is a little bit more aggressive actions being conducted by the russians. we know the intercept was intentional. we know the aggressive behavior was intentional and we also know it was very unprofessional and very unsafe. general milley said he has evidence of the collision that is not yet been released. many downplay the incident saying it needs to be investigated and move on. russians and best are not as diplomatic saying, a diverted attack on russian aircraft in u
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. with 1.1 million vacancies. if more people are employed, more people are paying tax. the good news for the chancellor is that the uk will swerve recession this year thanks to growth returning by the summer. but the economy will still contract by 0.2%. and any brighter news, is tempered by slower growth over the long term. mr hunt said the uk would only grow by 1.8% next year and byjust 2.5% in 2025
confidence in the integrity of the banks. ashley, taught. todd: all right, brooke, thank you very much. they director of madison ventures plus first-hand experience of silicon valley bank. he s got money there! the bank want you to keep your money they are nco said your portfolio companies to move funds in the past week, please consider moving some of them back as part of secure deposit diversification strategy. are you moving your money back, mitch? heck no. i will clear that up for you, todd. probably more viscerally reacting at the time. here is the backstory, i was involved in a deal and that company bank with boston private bank, very, very safe bank back in july 2021. they were acquired by silicon valley bank. we had assets sold last week. the money went into silicon valley bank by way of
inflation said, in the previous segment inflation is still in a place where americans inflation is still in a place where americans are feeling it in their pockets americans are feeling it in their pockets and europeans as well for even pockets and europeans as well for even if pockets and europeans as well for even if things aren t rising to the cost that even if things aren t rising to the cost that they were five or six months cost that they were five or six months ago people are so having a really months ago people are so having a really hard months ago people are so having a really hard time paying rent, having utilities really hard time paying rent, having utilities taken care of and the cost of living isjust ridiculous at this point cost of living isjust ridiculous at this point so there is a strong push back against what appears to be a bank back against what appears to be a bank bailout at least in the us. there bank bailout at least in the us. there have
start to get government dialling back on start to get government dialling back on its spending just as the bank back on its spending just as the bank is back on its spending just as the bank is raising interest rates, so, both bank is raising interest rates, so, both of bank is raising interest rates, so, both of those factors generally are not very both of those factors generally are not very positive for the economic picture not very positive for the economic ticture. ., , , not very positive for the economic itcture. ., , , ., picture. really interesting, thanks very much. picture. really interesting, thanks very much, sarah picture. really interesting, thanks very much, sarah hewin picture. really interesting, thanks very much, sarah hewin me i picture. really interesting, thanks very much, sarah hewin me from| very much, sarah hewin me from standard chartered. so, rishi sunak, the chancellor, has got quite the job on his hands. it looks like on the face of it he has