We start here in the uk, where figures out earlier show the uk economy grew by 0. 2 between april and june following a rebound from an extra bank holiday for the kings coronation. Growth injune alone was stronger than expected at 0. 5 . High inflation remains a problem. The Bank Of England has raised the cost of borrowing 1a times since the end of 2021 to try and rein in soaring prices. So where is the Economy Heading . Were nowjoined by victoria scholar, who is the head of investment at interactive investor. Lovely for tojoin us lovely for to join us here on the programme. Not. 2 . Essentially, thatis programme. Not. 2 . Essentially, that is stagnation, isnt it . Actually, these figures are a bit better than analysts were expecting, both in the Second Quarter and in june we saw particular strength in the construction. Injune we saw a bounce back in manufacturing, publishing, so things like books and magazines also fare pretty well, and car sales have been benefiting from the fact the
At a near standstill since the beginning of the year. The Bank Of England has raised the cost of borrowing 1a times since the end of 2021 to try and rein in soaring prices. That has weighed on the economy, but experts have warned the full effect of those Interest Rises has yet to be felt. Emma vardy reports from morecambe in the north of england. Rowing is a delicate art. A bit like managing economy. A year of slow growth, business is feeling the pressure from rising costs, means as no surprise that many are feeling cautious about their ambitions were branching out. We cautious about their ambitions were branching out. Were branching out. We have struggled were branching out. We have struggled to were branching out. We have struggled to try were branching out. We have struggled to try to were branching out. We have struggled to try to work were branching out. We have struggled to try to work out i were branching out. We have| struggled to try to work out a rationale for expanding. So w
A general election. The backdrop a flat lining Economy Millions struggling with the cost of living and polling indicating the Conservative Party is lagging far behind the opposition. Not to mention Financial Markets on edge for anything that might worsen the uks finances. The memory of Prime Minister liz truss s disastrous Tax Cutting Budget no doubt not far from mr hunts mind. So lets remind ourselves what he came up with. The rate of National Insurance paid by employees and the self employed, will be cut again by 2 pence in the pound. That comes on top of an earlier 2p cut mr hunt announced in the autumn. In april, full Child Benefits will be paid to households, where the highest earning parent is getting up to £60,000. The current limit is £50,000. And the non dom tax break for wealthy uk residents whose permanent home is overseas, is to be scrapped raising £2. 7 billion a year for the government. That announcement is highly controversial as it was a key pillar of labour policy.
Last month. But so far, the houthi havent been deterred. These are pictures of the forces actually seizing a ship in november, the iranians back group which controls most of Northern Yemen had been targeting ships in the area for months, and protest at offensive in the gaza strip. This latest action is a major escalation, the ship hit by Houthi Yesterday was the envy true confidence that the ballcarrier was selling with the crew of 20 who are mainly filipino nationals. The attack happened about 15 nautical miles from the yemen port. The ship was travelling from china to saudi arabia. The us condemned the attack saying it went way beyond disruption to navigation and international seas. ,. , seas. Not ust endangered seafarers seas. Notjust endangered seafarers but seas. Notjust endangered seafarers but now, seas. Notjust endangered l seafarers but now, tragically killed a number of them so we will continue to hold them accountable and we call on government to run the will to do the same.
Ministers questions. It is always a little different, the pmqs ahead of the budget. He has vacated the chair for the Deputy Speaker. She will be going through some of the notices ahead ofjeremy hunt, the chancellor, delivering his Budget Statement. He will take to his feet shortly and will probably speak for about an hour shortly and will probably speak for Aboutan Hourand shortly and will probably speak for about an hour and then it will be the turn of the leader of the opposition, keir starmer to respond. We will take both of those live and uninterrupted and we will then have reaction from the Chief Secretary to the treasury, laura trott, part of the treasury, laura trott, part of the Treasury Team and her shadow for labour. Here isjeremy hunt. Madam Deputy Speaker, as we mourn the loss of life in israel and gaza, the loss of life in israel and gaza, the Prime Minister reminded us of the Prime Minister reminded us of the need the Fight Extremism and heal divisions. I start today by r