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Transcripts For BBCNEWS Business 20240702

Than expected last month. Our economics editor faisal islam has been to rustington, in east sussex, to find out if people are feeling any better about their finances. On about their finances. The on about theirfinances. The high on about their finances. The high street, on about theirfinances. The high street, shoppers can on the high street, shoppers can feel inflation is coming but the feelgood factor the Prime Minister will depend on in a general election remains elusive. ,. ,. , in a general election remains elusive. ,. ,. Elusive. Some products are auoin elusive. Some products are going up. Elusive. Some products are going up. Some elusive. Some products are going up, some products. Elusive. Some products are l going up, some products are plateauing. It isjust going up, some products are plateauing. It is just not a good time for everybody. I good time for everybody. I think things are still going up ust think things are still going up just slightly less faster. Gas and electricit

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Transcripts For BBCNEWS Business 20240703

That was being shipped . Oh, yeah. And thats because ijust inspect certain areas. So in totality, with all the inspectors, if you total them out, yeah, youd be over the hundreds. Now, you were picking up on these faults, you were highlighting them, you were flagging them up to be repaired. What kind of response did you get from your managers . Did they support you . My managers werent always there. The Production Managers always made a fuss about why i was finding it, why i was looking at it, and they made a big fuss about everything that i ever found. And it was because of the stage of where the plane was. If im looking at a plane thats supposed to be getting shaped and im the last person to see it, i shouldnt be finding missing fasteners, missing parts and things like that. So why were they not thanking you for picking up on these things . They just wanted the product out. They werent focused on the consequences of shipping bad fuselages. They were just focused on meeting the quotas,

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Transcripts For BBCNEWS World 20240703

At least £22. 5 billion has already been spent building the london to birmingham section, while over £2 billion has gone towards the second phase on things such as buying up land and property. Labour manchester mayor andy burnham said ditching the manchester link would be a permanent statement to people in the north that they were second class citizens when it came to transport. Lets discuss the pros and cons. Joining me now is Alexandra Hall chen, whos the principal Policy Advisor for sustainability, skills, and employment at the institute of directors. Good morning to you. This has been such a contentious story. Ever since the leaks came out weeks ago about the future for hsz. What weeks ago about the future for hs2. What do you make of this decision on the part of the government . Decision on the part of the government . The key here is about stability government . The key here is about stability and about stability and Policy Making. Any instability in the business environment, i

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Transcripts For BBCNEWS BBC 20240703

director of policy at the institute of directors. what changes will come into force tomorrow? national insurance, it is only and employers and the self employed will showcase a cut tomorrow. they will get a second tax cut tomorrow after one injanuary. this has taken the ratchet national insurance pay my employees down from 12% last year to 8% effective tomorrow. how much you save in terms of your tax bill will depend on your income, but for the average employee earns about 35,000 average employee earns about 35,000 a year in the uk, taking the chewed macro tax cuts together, you are going to be about £900 a year better off, so it is a meaningful tax cuts, but it is occurring in the context of a big tax increase that has occurred over the last few years. we talked about what the balance of benefits is for employees. what is the impression the position for employers? the the impression the position for employers? employers? the situation there is unchanged- employers?

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Transcripts For BBCNEWS World 20240702

and late yesterday, the chancellor announced the minimum wage is to go up by more than a pound, to £11.44 per hour, from april next year. and jeremy hunt decided the rate would also apply to 21 and 22 year olds for the first time. here s our econmics corrrespondent, andy verity. ona cold, on a cold, damp day at the south london market, ask what they want the government to do something about and you will hear two big concerns that haven t gone away. energy and food. , ., , ., , food. used to get six or seven oran . es food. used to get six or seven oranges for food. used to get six or seven oranges for a food. used to get six or seven oranges for a pound, - food. used to get six or seven oranges for a pound, now - food. used to get six or seven oranges for a pound, now it i food. used to get six or seven i oranges for a pound, now it has five. lemons, ten for a pound, now 87 for a pound. it is hard for the customer, it is hard for the customer, it is hard for us as well.

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