let s start in china, where the latest figures just released show the world s second largest economy grew faster than expected in the first three months of the year at 4.5%. this is the first set of quarterly gdp figures following the end of strict covid 19 restrictions in december. they also follow the easing of a three year crackdown on tech firms and property. lets get reaction from julian evans pritchard, head of china economics at capital economics. this is better than expected. most people are saying we re looking at 4% growth, give us your take on this number? really the strength is all about the consumer centre, we saw the vigors beads on the retail sales numbers are more generally in qrs or the household savings rates, so households are feeling more comfortable, households are feeling more comfortable, spinning again, they have comfortable, spinning again, they have the comfortable, spinning again, they have the possibility - comfortable, spinning again, they ha
Won the rutherglen and Hamilton West by election, in whats being seen as a key test of the partys ability to regain seats in scotland. Its candidate Michael Shanks secured just under 18,000 votes, more than double the total for katy loudon of the snp, who came second. The poll was triggered by the removal of the former snp mp Margaret Ferrier after she broke covid lockdown rules. 0ur scotland correspondent lorna gordon was at the count. Michael shanks, Scottish Labour Party, 17,000. Cheering. This was a stunning victory, widely forecast but not with a swing as big as this. It forecast but not with a swing as big as this. ,. ,. ,. , as this. It is time for change. That chan. E as this. It is time for change. That Change Cannot as this. It is time for change. That Change Cannot come as this. It is time for change. That Change Cannot come fast as this. It is time for change. That Change Cannot come fast enough. | as this. It is time for change. That Change Cannot come fast enough. But one
Crashes into the side of a house and bursts into flames. Welcome to bbc newsroom. The Foreign Secretary has become the latest member of the cabinet to put pressure on the chancellor to relax the Public Sector pay cap. The limit is due to be in place by 2020, that a Government Source says borisjohnson 2020, that a Government Source says Boris Johnson strongly 2020, that a Government Source says borisjohnson strongly believes pay writers can be achieved without putting undue pressure on public finances. How would this pay cap be paid for. I think what it tells us is the chances of being able to stick by the Public Sector pay cap for the next couple of years looks increasingly remote because we have now had up to six Cabinet Ministers weather themselves through their intermediate trees, saying that they need to look again at this i intermediate trees, saying that they need to look again at this 1 cap. Borisjohnson suggesting this can be done without what he calls fiscal pressure, without
Well be talking to the winners and losers. And who would you trust with your bank account. We will need one London Digital bank that promises a new way of managing your money. We ask what would be the one thing you change about the bank you use, cheaper loans, better Interest Rates, Faster Service . Let us know. Just use the hashtag bbcbizlive. Hello and welcome to Business Live. Good to have you with us. Banking is dominating the programme today, get in touch with your thoughts. We are talking about europes biggest bank, hsbc. One of the worlds biggest banks, hsbc, has reported its latest set of earnings and if youre a shareholder you are going to be very pleased with what they have to say today. The bank made a pre tax profit of 5. 28 billion in the Second Quarter of the year thats more than the 4. 6 than the 4. 6 billion that analysts were expecting. Hsbc announced a Share Buyback of up to 2 billion as it looks to make the most of its huge cash pile. The move will effectively restri
LONDON, May 21, 2024 /PRNewswire/ The 1990s saw the emergence of the first wave of Challenger Banks in the UK - including Virgin Direct (1995), Sainsbury's Bank (1997) and Tesco Personal