This is bbc news. A new chapter in the economic History Of The Uk the promise we will hear shortly from Shadow Chancellor Rachel Reeves, Should Labourfor Shadow Chancellor Rachel Reeves, should labour for the Shadow Chancellor Rachel Reeves, Should Labourfor the next should labour for the next government. Should labourfor the next government. Rachel reeves addressing business and finance leaders in the city of london. We are expecting her speech to start very shortly and we will of course be keeping across the and bring it to you as soon as possible she appears. She is delivering the annual Mais Lecture Following in the footsteps of previous chancellors and Shadow Chancellors and bank governors. Rachel reeves will promise to reform the treasury as part of a possible labour governments Economic Policy. She will say, i remain an optimist about our ability to rise to the challenges we face. The conservatives suggested labour had no plan just more borrowing and more taxes. The speech comes
To help priced out renters find somewhere to live . In sport, theres no stopping liverpool as they hit five in europe against Sparta Prague including a stunner from in form darwin nunez. Including a stunner good morning. A good deal of dry weather on the cards today, some will say sunshine but they will be a cold easterly wind blowing. I will have all the details for today and for the weekend throughout the programme. Its friday the 8th of march. President joe biden has used his state of the Union Address to criticise donald trump his likely opponent in the election and to claim that freedom and democracy are under assault around the world. President biden also announced that the us military will construct a port in gaza to allow the delivery of more humanitarian aid to the territory. Tonight, im directing the us military to lead an Emergency Mission to establish a temporary pier in the mediterranean on the coast of gaza that can receive large shipments carrying food, water, medicine a
On nutrition and opening up possible new commercial deals. Brady retired from playing earlier this year, while birmingham finished 17th in the championship and havent been in the Premier League since 2011. The saudi pro leagues remarkable Spending Spree on players is set to continue, according to one of its leading executives. Sadio mane is the latest in a long list of stars heading to saudi arabia, joining the likes of cristiano ronaldo, Karim Benzema and riyad mahrez, and sports Media Executive peter hutton, who is on the board of the countrys league, says its unlike anything he has seen before. It is remarkable. Ive worked in sport for a0 years now and ive never seen a project as big as this. Its ambitious as this. And may be as determined as this, to be a success and a thing that really attracted me to it is the fact that its notjust about headline players and the big Glamorous Transferfee and the big Glamorous Transferfee and wages, its also about the whole saudi football infrastr
Spending around ten or 20 lower in real terms than it was in 2010. Other parts of the Public Sector are spending more. Finally we need to note that demand for services are going up with the population getting older and growing. Many people have needs they have to have where councils have to provide services. In a sense it has reduced resources and greater demand. And in the end some way will have to be found in National Politics to change the Local Government funding model or get Local Government doing less. To Local Government funding model is very different in other countries. It certainly is. In other countries you have a local income taxes. In scandinavia, famously, norway, sweden and denmark, local income taxes. Even in the united states, more local taxes are available so local decisions are made. Thats another issue. What Local Governments spend is heavily constrained by Central Government, and Central Government has wanted Local Government to cut its spending over time and that
to return to offices. last year was the first year that the app, which has become synonymous with ride hailing in many markets, became profitable. let s talk about this more now with our north america business correspondent, erin delmore. is this a simple case of more people getting out there and calling ubers? or is there more to it than that? there is a little bit more to it than that. the number of people hailing right and the rights to hailing right and the rights to hailing app. the other component is food delivery. we are measuring all the many that comes into drivers, whether it s from people wanting cards or food to getting cars, and get over to them. this is notable because not only was the holiday season very kind to cuba with great results in the fourth quarter of the year, but they were showing operating profits over the last three consecutive quarters. let s contrast that with other tech companies and what we have seen in their rebound since the pandemic. a lot o