Successive economic shocks since the global financial crisis have seen the UK’s debt as a share of GDP rise from around a third of the economy in 2007 to just shy of 100pc today.
many indictments, legal problems around him, he not someone we would want to vote for, we don t know that yet. we will see closer to the time. nomia iqbal, thank you very for that. around the world and across the uk. this is bbc news. let s look at some of the other stories making headlines today. transport unions have called off next week s strikes on the london underground, after last minute talks. members from the rmt, unite and aslef were all set to walk out on several days between the 23rd and 28th ofjuly. but union leders said that transport for london had made significant concessions on jobs cut and pensions. the government borrowed less than expected injune, helped by higher tax receipts and a big drop in debt interest payments. that s £400 million lower than last june and below predictions by the government s independent forecaster. but the office for national statistics said borrowing is still the third highest forjune on record.
transport for london had made significant concessions on jobs cut and pensions. the government borrowed less than expected injune, helped by higher tax receipts and a big drop in debt interest payments. that s £400 million lower than lastjune and below predictions by the government s independent forecaster. but the office for national statistics said borrowing is still the third highest forjune on record. members of a head teachers union in england have accepted a 6.5% pay rise for teachers. the association of school and college leaders or ascl was one of four teaching unions considering strike action. leaders of all four unions have recommended their members accept the pay offer. you re live with bbc news. india s decision to ban non basmati white rice exports. some dealers say traders will cancel
options right now, and a lot of the things that he has, used the means he has used to raise money, before like the stock market or people who believe in his mission, that s not going to work this time. so, i don t really know where he s going to go aside from selling off kitchen equipment and begging on twitter. and selling more tesla shares, he just doesn t have a lot of options. true, your response? it s not the sign of a company that is confident in its budget. i would love to cost cut by not paying my mortgage, but that it s not an option. i think it will cost twitter more and elon more in the long run. but this is a company, like lynette said, elon has to pay a billion dollars a year just to debt interest payments. that is not something back and just go on on its own. he really needs to start making money, and he is not convincing advertisers to come on the platform by spewing this kind of far-right memes and conspiracy theories.
charge for average use is forecast to hit more than £3,500 in october and more than £4,200 injanuary. labour said it would freeze the price cap at its current level which is £1,971 a year for the average household. sir keir starmer claims the typical family would see savings of £1,000 a year under this plan and that it would also reduce inflation the rate at which prices are rising by up to 1t%. to fund this, labour says it would extend the windfall tax on oil and gas companies, backdating it to january, which would bring in 8 billion. 1a billion would come from dropping the £400 energy rebate everyone s due to get in the autumn, and abandoning other pledges made by conservative candidates. and by keeping inflation down, the party says it would save another 7 billion by reducing the government s debt interest payments. here s labour leader sir keir starmer.