very popular because liz truss said no new taxes. but the overall cost, number three, no new taxes. but the overall cost, numberthree, is no new taxes. but the overall cost, number three, is £100 billion to £130 billion, and i am hearing today that the other option is, don t pay it back through bills, or taxes, just leave it on the government slate, increase borrowing. we already know that the chancellor has said the government is prepared to do what they call fiscal loosening, which means borrow a bit more money. this would be a great amount to add to the overall debt pile, particularly when they are promising further tax cuts and big increases in things like defence spending. simonjack, thank you very much indeed. the prime minister has a daunting intray. among the challenges are trying to restore power sharing at stormont after the northern ireland executive collapsed earlier this year, and sorting out the trading arrangements in the wake of brexit. our ireland correspondent, emma
economic crisis in decades. well, joining me to discuss the situation is aneeka gupta, director, macroeconomic research at wisdomtree. good to see you. we cannot overstate how difficult things are in sri lanka at the moment. even yesterday in the protests we had doctors protesting because they haven t got the medicines they need. absolutely. you know it has come down to prices, looking at electricity, food, fuel, all of these basic necessities, not being supplied easily, and the key reason is we have seen an escalation in oil prices which is hitting sri lanka s import bill. we are looking at a very unfortunate position where we have effected reserves of $2 billion versus a huge debt pile up billion versus a huge debt pile up of $7 billion, and $1
quite frankly. he s got a boss in boris johnson who believes quite frankly. he s got a boss in borisjohnson who believes in paganism, having your cake and eating paganism, having your cake and eating it paganism, having your cake and eating it. the problem is that rishi sunak eating it. the problem is that rishi sunak is eating it. the problem is that rishi sunak is stuck between a rock it hard sunak is stuck between a rock it hard place was up he tried to do stuff hard place was up he tried to do stuff earlier this week to try and help people. he s been criticised broadly help people. he s been criticised broadly that it s not enough. the real issue broadly that it s not enough. the real issue is, we just come out of a two year pandemic, he is now facing inflationary expectations that can be double digits, interest rates are rising be double digits, interest rates are rising and be double digits, interest rates are rising and he knows that a 1% increase rising and he