Im lukwesa burak. We start here in the uk because the uks national debt is on course to triple over the next half a century. Thats the warning from the governments official forecaster, the office for budget responsibility. An ageing population, climate change, and rising geopolitical tensions will all put increasing pressure on the Public Finances according to the 0brs report. And it says without extra Tax Revenues or a return to post War Productivity levels, the Public Finances are not sustainable over the long term, and something has got to give. Uk national debt is currently at almost 100 of the size of its annual Economy Output or gdp. The 0br says its Base Scenario is a national debt of 274 of gdp in 2071. Risks from war, disease, cyber Conflict And Trade tensions could push that even higher. By 2071, the 0br expects the uk to be spending more than £200 Billion extra per year on things like health, Social Care and pensions. The chair of the 0br Richard Hughes spoke to the bbc ear
We start with an Epic Battle Raging On Wall Street that has seen small time Amateur Investors take on the titans of the hedge fund industry. Its all centred around this company the struggling us computer Game Retailer gamestop. It shares have soared at much as 1700 after a group of private investors used online forums to drive up their price. And that has raised serious questions about how Financial Markets operate in the era of social media, as paul hawkins reports. This is a story of david versus goliath, of the amateur online investor beating the Big Traditional Wall Street traders. At the centre of it, gamestop, a struggling American Retailer Selling dvds and video games. A number of the Wall Street Traders picked up on its problems and bet money that its share price would fall, known in the business as shorting a stock. Only for this particular stock, Amateur Investors swapping tips on the social media site reddit saw it as an opportunity. They bought shares, which actually drove
Of going up in smoke. And the latest from the markets, this is how they have opened up in europe. And well be getting the inside track on the big tech stories of the moment, including mindreading gadgets and a week to forget for Office Rental firm wework. Also Japan Airlines has introduced a child icon on its seat booking system is it a good idea . What do you reckon . What else would you want to be informed of before boarding a flight . Just use the hashtag bbcbizlive. Hello, and welcome to business live. We start in france, where president macrons government will present the budget for 2020 to parliament later. It will include more tax cuts for working people, as the government re focuses on boosting Household Incomes after the wave of yellow vest protests that swept the country. On thursday, frances economy minister Bruno Le Maire announced that taxes will be cut by more than 10 billion euros next year to address what he called a social crisis. The government claims 95 of households
All change in greece after a snap election, but what are the economic challenges facing the incoming Prime Minister . European markets look like this at the start of a new trading week. We will have the details of all you need to know. And, getting an early taste for business. We meet the former teenage entrepreneur who began selling ice cream at the age of 15 and turned that cash into a pizza chain. Today we want to know, with prom season in full swing in the uk and parents splashing out on their kids for the big day, are we taking this american tradition too far . Should we indulge our children . Let us know just use the bbcbizlive. Welcome to the programme. It was once the worlds biggest Financial Institution. But now Deutsche Bank has confirmed one of the biggest overhauls at an Investment Bank since the aftermath of the financial crisis. Its confirmed that 18,000 jobs are to go over three years as part of a restructuring plan. That will ultimately cost 7. 4 billion euros or 8. 3 b
Right , though . Well be going to right, though . Well be going to those marches alive and the duchess of sussex, yes, again, has criticised the seemingly endless toxicity of social media, revealing she she was targeted with bullying and abuse while pregnant with archie and lilibet. But this show is lilibet. But this show is nothing without you and your views. Its not me. Its all about you, let me know your thoughts on all the stories well be discussing today or any you want to chat about. Basically, me on basically, email me on gbviews gbnews. Com, or message me on our socials at gb news. Really simple on the screen there. But first lets have a look at the News Headlines, shall we . With the lovely sophia i thanks, dawn. Good morning. Thanks, dawn. Good morning. Its 12 00 more than £32 million its12 00 more than £32 million has been spent policing gaza related protests in london. The met police, confirming the figure as it prepares for another day of demonstrations. Another day of d