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BBCNEWS World Business Report July 7, 2024

another day and another announcement is expected from the chancellor, this time about the timing of his medium term plan for the economy. as kwasi kwarteng says, he is listening and the much awaited detail on his radical measures to boost economic growth will now come sooner, possibly this month. the government had previously insisted the fiscal plan would still be published on november the 23rd despite the market chaos that came with the announcement of the chancellor s mini budget. on monday, he revealed a plan to drop the uk s highest rate of tax for top earners would no longer go ahead and addressing his party conference, he acknowledged shortcomings in the initial presentation of his economic plans. ifi if i can be frank, i know the plan put forward only ten days ago has caused a little turbulence, i get it, i get it. we are listening and have listened and now i want to focus on delivering the major parts of our growth package. because with energy bill skyrocketing and

BBCNEWS World Business Report July 7, 2024

yes, indeed, the thought of a chip implant may send a shiver down your spine, that comes later but we begin with the latest warning from the international monetary fund. it has slashed its forecast for the global economy, saying it will grow by only 2.7% next year, with many countries in recession. in its six month update, the imf said the worst was yet to come. this forecast comes as the fund and internationalfinance ministers meet in washington. our north america business correspondent michelle fleury has more from the us capital. the international monetary fund had bad news forjust about everyone. according to its latest forecast, a third of countries will be in recession next year. and whatever growth the others have, it will be far less than they had hoped for. on top of that, the fund s less than they had hoped for. on top of that, the funds to balcomba speaking to the bbc insisted central banks must continue to raise interest rates to fight inflation. if central banks

BBCNEWS BBC World News July 7, 2024

we begin here in the uk, where borisjohnson has another difficult day ahead. critics, some from within his own party, say it s over for the prime minister after the resignation of chancellor rishi sunak and health secretary sajid javid. other senior ministers have thrown their support behind borisjohnson, but the bbc understands somejunior ministers are still considering their positions. from westminster, here s our political correspondent david wallace lockhart. two influential cabinet ministers who decided they had had enough. within minutes of an one another, rishi sunak resigned as chancellor and sajid javid resigned as health secretary. he was tightlipped when he returned home yesterday evening. just going to spend some time with my family. but the reasons were there when they submitted resignation letters. the outgoing chancellor said. while the outgoing health secretary said. their experts along with variousjunior their experts along with various junior government digg

BBCNEWS The Papers July 7, 2024

of the muslim council of britain. let s start with the sun. temperatures would never expect to be. , , , . be. it s funny seeing that. i remember be. it s funny seeing that. i remember the be. it s funny seeing that. i remember the hottest - be. it s funny seeing that. i | remember the hottest place be. it s funny seeing that. i l remember the hottest place i be. it s funny seeing that. i - remember the hottest place i was as a former correspondent, i was getting very cold when i was living in russia. very hot once working in human, and it was towards a0 degrees. i was thinking it was unimaginable. i think if you d said to me than a few years down the line, we would see temperatures grazing something like that and into the high 30s, i would have said that s crazy and would never happen. there has been criticism from some scientists and doctors as well, adam, that we paint this as a great opportunity to go to the beach. there are huge numbers of problems for a lot of peo

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