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Transcripts For BBCNEWS World Business Report 20240707

if gas prices keep rising. fuelling controversy. opec slashes production to boost oil prices, sparking an angry reaction from president biden. plus too broke for beauty? women around the world say they are cutting back on cosmetics so how is the industry responding? we ll hear from a top entrepreneur. we start here in the uk, where as you ve been hearing, prime minister liz truss has been presenting her plans to boost the economy in her keynote speech to the conservative party conference in birmingham. she re stated her commitment to lowering taxes just two days after being forced to abandon a pledge to cut income tax for the highest earners. markets remain nervous about the outlook for the uk s finances under ms truss s government after the mini budget statement on september 23rd that sent the pound to a record low and borrowing costs soaring. but she argues the disruption will be worth it. whenever there is change, there is disruption. and not everybody will be in f

Transcripts for BBCNEWS World Business Report 20240604 04:32:00

finances under ms truss s government after the mini budget statement on september 23rd that sent the pound to a record low and borrowing costs soaring. but she argues the disruption will be worth it. whenever there is change, there is disruption. and not everybody will be in favour of change. but everyone will benefit from the result. a growing economy and a better future. i have three priorities for the economy, growth, growth, and growth! cutting taxes is the right thing to do, morally and economically, morally and economically, morally because the state doesn t spend its own money, it spends the people s money, economically, because if people keep more of their own money, they are inspired to do more of what they do best, that s what grows the economy. cheers in the conference hall,

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