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Transcripts For BBCNEWS BBC News 20240706

germany. your speech suggests you don t acknowledge these things. if you cant don t acknowledge these things. if you can t see the problem, chancellor, why would voters believe you can chancellor, why would voters believe you can fix chancellor, why would voters believe you can fix it? you can fix it? joel, let s get that bit ri . ht! you can fix it? joel, let s get that bit right! i you can fix it? joel, let s get that bit right! | think you can fix it? joel, let s get that bit right! i think you you can fix it? joel, let s get that bit right! i think you are - bit right! i think you are completely wrong. my entire speech is about how we deal with the productivity paradox that is at the heart of why we haven t seen that growth in real incomes, if we don t invest in improvements in our education system, in our skills, if we don t find opportunities for the millions of people who could work and contribute to our economy back down at the moment, we are not going to s

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Transcripts For BBCNEWS BBC News 20240706

two weeks since nicola bulley disappeared whilst walking her dog in lancashire. now the police are extending their search downstream. and 10,000 tickets to a concert to mark the king s coronation in may are on offer via a ballot. the uk saw no economic growth in the final three months of last year according to the latest official statistics released this morning. it means the country narrowly avoided what s defined as a recession two consecutive quarters when the economy shrinks. the government says it shows the uk was more resilient than expected, after the bank of england had warned of a long period of stagnation. but the economy did shrink by 0.5% in december, and business leaders warn that firms are still struggling. the chancellor, jeremy hunt, says there is reason for optimism. well, the fact that we have avoided a recession, in fact we were the fastest growing major country last year, shows there is underlying resilience in the uk economy. but we are not out of the w

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Transcripts For BBCNEWS World Business Report 20240707

let s start here in the uk, where prime minister liz truss is no longer promising to increase state pensions in line with surging inflation, and has asked ministers to look for more spending cuts. two weeks ago, the prime minister said she was committed to what s known as the triple lock. that means payments rise by whatever is higher between prices, average earnings or 2.5%. however her spokesman said truss was now not making any commitments on government spending. inflation figures are out in a few hours time and expected to show its at 10 percent, whilst the figure for average earnings is just below 5.5%. joining me now is dan kemp global chief investment officer at morningstar investment management. this investment management. will be a real concern foi many this will be a real concern for many pensioners, this trust when asked about the triple lot can my colleague asked her she said she was committed to that? you are correct, it will be of great concern to pension

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Transcripts For BBCNEWS BBC News 20240707

his comments come ahead of tonight s penultimate conservative hustings with rishi sunak and liz truss facing tory votes in norwich. gcse results are out today for pupils in england, wales and northern ireland the pass rate is down on last year but higher than it was before the pandemic. good afternoon. pressure is growing on the government to help households and businesses cope with soaring energy costs. a think tank has called for a universal 30% cut in bills and businesses want covid style emergency grants to help companies that are struggling. the upper limit of what suppliers can charge per unit of energy in england, scotland and wales the energy price cap is set to be announced tomorrow. less than a year ago, a typical annual home energy bill was about £1,200, it s now about £2,000 and it s forecast tomorrow to reach £3,500 per year, payable from this october. there are further increases expected in january. back in may, the government promised a £15 billion support

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