12cent tax hike also questioned. The hike is coming into effect just as refineries switch from the high costing summer gasoline to the cheaper winter blend. So you may not notice the tax increase right away. It was an intentional, deliberate way to mask this tax increase to the california motorists. The fact of the matter is the roads are falling apart and getting worse and we need to do something. Reporter so there you have it. Its going to be a real question whether the bump at the pump were seeing today winds up getting flattened at the ballot box. In emeryville, phil matier, kpix5, back to you. You think the gas tax is high . Kpix5s devin fehely is live in san jose with how truckers could feel the brunt of the new taxes. Devin . Reporter yeah, the increase tax on diesel was most dramatic climbing 20 cents from 12 to 30 to 166 increase that many are concerned could send a Ripple Effect through the entire economy. Well someone is going to pay for that gas because its a service. Repor
And i am rec, highlander hall. These are the top stories on al jazeera, britains Prime Minister list trust remains under intense pressure off the sucking of finance minister, and abandoning her economic strategy. But her drastic action offs just 6 weeks and office has done little to reassure her party. All the markets need bach reports. This is a government fighting for its survival. The Prime Minister list trust announcing the sucking of her main ally, the chancellor quasi quality of the reversal of financial promises that it said the u. K. Economy into free fall is clear that parts of our mini budget went further and faster. The markets were expecting. Said the way we are delivering our mission right now has to change. We need to act now to reassure the markets of our fiscal discipline. Trust that the plant freeze on Corporation Tax will now be reversed in a painfully awkward grilling by the press. Yes, he has. Okay. Because were not for how come you get to stay . Oh, my priority is
Im molly inside in doha year. Top stories on al jazeera inflation threatens to become a runaway train. Thats the warning from the head of the International Monetary fund. As the global economies hit by one shock. Often, the head of the im f says the risk of global recession is at 25 percent. We cannot, we cannot possibly allow inflation to become a runaway train bed for growth and bedford people bed bed, especially for poor, poor, poor, poor people. Allan fisher has more from washington dc crystelina georgina is aware of the impact that high inflation is having on every one. And she says that governments really do have to do more to try and help the poorest. This isnt some abstract economic theory. This is being experienced by everyone if they go along to the shore, just to buy some food to feed their family. And she says that of governments and Financial Institutions are going to help than the help has to be targeted to those who are struggling. The most, she says that essentially inf
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