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Transcripts For BBCNEWS World Business Report 20240707

if gas prices keep rising. fuelling controversy. opec slashes production to boost oil prices, sparking an angry reaction from president biden. plus too broke for beauty? women around the world say they are cutting back on cosmetics so how is the industry responding? we ll hear from a top entrepreneur. we start here in the uk, where as you ve been hearing, prime minister liz truss has been presenting her plans to boost the economy in her keynote speech to the conservative party conference in birmingham. she re stated her commitment to lowering taxes just two days after being forced to abandon a pledge to cut income tax for the highest earners. markets remain nervous about the outlook for the uk s finances under ms truss s government after the mini budget statement on september 23rd that sent the pound to a record low and borrowing costs soaring. but she argues the disruption will be worth it. whenever there is change, there is disruption. and not everybody will be in f

Transcripts for BBCNEWS World Business Report 20240604 04:52:00

perfume, and one in five are now going without makeup and skincare products. many though are trading down and looking for cheaper alternatives to their favourite big brands marcia kilgore is founder of beauty pie, an online beauty products buyers club welcome and it is good to have you on the programme. what impact do you see the cost of living crisis having on the beauty industry? that living crisis having on the beauty industry?- living crisis having on the beau indust ? ., beauty industry? at the moment we do not see beauty industry? at the moment we do not see anything - beauty industry? at the moment we do not see anything at all- we do not see anything at all but of course we are a unique product. we have seen that more members arejoining and more people are looking for more value and more quality, less smoke and mirrors and they want relative affordability but they want the escapism that comes with a beauty product. when times are tight like this, maybe not a holiday maybe

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