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Transcripts For BBCNEWS World 20240704

As he prepares to do this again, hes trying to improve his partys fortunes. This morning, jeremy hunt was keeping his cards close to his chest as he toured the tv studios. But he did give this hint. I do want, where its possible to do so responsibly, to move towards a lower tax economy, and i hope to show a path in that direction. But this will be a prudent and responsible budget for long term growth. With roughly £13 billion to play with, thats less than hed hoped for. The chancellor is scrabbling around for ways to find more cash that would allow him to reduce taxes. And labour arent saying whether theyd prioritise tax cuts or not. So would you bring down taxes now . Well, we want to bring the tax burden down in the long run, but were not going to promise anything which is not completely responsible and fully funded and fully costed. And youll see all of our plans in the manifesto for getting the economy growing because that Economic Growth is so crucial to making People Better off,

Transcripts For BBCNEWS World Business Report 20240707

if you have just joined if you havejustjoined us, good to have you with us. we begin with the soaring cost of energy. as governments and central banks grapple with rising inflation and a cost of living crisis, the world s biggest oil company announces record breaking profits. the saudi oil company aramco revealed it made more than $48 billion in profits in the second quarter of this year. the eye watering sum marks a 90% year on year increase and the biggestjump in earnings for the world s largest energy exporter since its public listing three years ago. but what is the outlook for oil prices this year and beyond? the war in ukraine caused a significant spike in the price of energy worldwide prices have come off the highs reached earlier this year and now with fears of recession on the horizon in europe and other key economies globally, there are differing views out there as to where the price of the oil is headed. let s talk this through with craig erlam senior market an

Telangana inks series of pacts at Davos summit

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