Im sally bundock. We start here in the uk, where the Chancellor Rachel reeves will pledge A Budget To Rebuild Britain in her speech to the Labour Party Conference in liverpool today. Shes under pressure to provide some optimism after labours gloomy messaging on the state of the economy they inherited from the conservatives. But her controversial decision to Axe Winter Fuel payments for 10 Million pensioners threatens to overshadow her speech, with a vote challenging the move also expected today. Lets get more now from joe nellis, whos economic adviser to mha a Uk Accounting Firm And Professor of Global Economy at cranfield university. Good morning. There good morning. There was good morning. There was a good morning. There was a lot good morning. There was a lot of pressure on Rachel Reeves to change the music, to be more optimistic, what do you think . I think she will struggle to change the mood music. We are in a difficult position, the economy has been flatlining for the last coupl
To the us economy. Another sector expecting a boost aS Property, with Reports Majorfund managers in the uk are looking to buy the dip in us commercial property, anticipating a recovery. Ifjoining me now is Clayton Triick from Angel Oak Capital advisors. Are you surprised to hear Uk Investors are looking to jump into americas beleaguered commercial Property Market . We are not at commercial Property Market . Are not at all. We have seen recent reports and in the last 12 months it has been very good market be stepping into, us commercial properties. Its the kind dotted at the Monetary Policy has continued to be very tight and there has been a headwind for that sector. In the last 2a months that cut of 50 basiS Points could turn men into a tailwind looking forward so we are not surprised investors are looking to take advantage of that. You investors are looking to take advantage of that. Investors are looking to take advantage of that. You have got the Markets Advantage of that. You have
Everton. The friedkin group, who also own italian side roma, have agreed a Dealfor Farhid Moshiris 94 stake in The Club. The american Investment Group had previously agreed a deal in principle injune, but talks back then broke down. Theyve had talks this weekend and have come to an agreement and i am told the deal is done and has been signed. Ive been told the finances are already in place. Any issues they had over the loans have been resolved as well. So all this now needsis resolved as well. So all this now needs is primarily gratification and i am told that can happen pretty quickly as well. Greater Manchester Mayor Andy burnham has taken manchester Uniteds Case for a new stadium to the Labour Party Conference in liverpool. Burnham is on the old Trafford Regeneration Task force, which also features former defender gary neville. Its looking at whether to recommend redeveloping the existing stadium or building a new ground with a 100 Thousand capacity on adjacent land owned by The Clu
Colder air. 1a in glasgow. 15 in the south. Forthe colder air. 1a in glasgow. 15 in the south. For the middle of week, low pressure is going To be moving in and this is going To be bringing more Heavy Rain, particularly targeting england and wales and you can imagine the communities that have been badly affected by flooding, the ground will be saturated, so as the next band of rain works through wednesday and thursday, it could cause some fur localised flooding. Once that is cleared the weather will turn colder. Thats it. Now, lets join our colleagues for the news where you are. Bye for now. Hello and welcome To sportsday im olly foster. EverTon could have a new owner in weeks as The American Billionaire Dan Friedkin comes back To the table To agree a deal. The womens super league is back, well look at the Opening Weekend and theres also a Bumper Sponsorship Dealfor the Top division. Lando norris made it onTo the Top step in singapore, but why have f1 stewards put Max Verstappen on the
Insists there will be no return to austerity. Welcome back. The Chancellor Rachel reeves was striking a very different Tone Today on that Painful Budget coming up in october. In her address to the Labour Party Conference, she was focusing on the long Term Prize she promises will follow if labour can restore some stability. The much promised change in emphasis follows a Report Week that suggested a Consumer Sentiment had dropped last week that suggested a Consumer Sentiment had dropped Like A Stone through august a number of Business Leaders blaming the governments messaging for that. Today, though, the chancellor said any tax rises she introduces will not affect hard pressed working families. Therell be no return to austerity and she has pledged to continue spending on infrastructure. There will be no return to austerity. Conservative austerity was a destructive choice cheering Conservative Austerity was a destructive choice for our public services and for investment and growth, too. W