Limiting investment by American Companies in the chinese tech sector because of Serious National Security risks. It would require us firms to disclose investments in sensitive areas such as Artificial Intelligence and ban some investment altogether. Beijing has reacted angrily saying it is gravely concerned about the order. A spokesperson for the Chinese Embassy in washington says the curbs seriously undermine the interests of chinese and American Companies and investors. Republicans have said they do not go far enough. This is a new front in the tech war between two global superpowers, the restrictions prevent American Private equity and Venture Capital firms from investing in high tech sectors investing in high tech sectors in china, such as quantum computing, Artificial Intelligence and advanced semiconductors. The goal is to stop us capital in know how speeding up the development of technologies that could help china develop weapons for use against america in a military conflict. I
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In National Insurance, average households are still likely to be worse off at the end of this year than they were five years ago. The Institute For Fiscal Studies also says the budget did not tackle the long Term Economic choices and challenges the country is facing. It accused both the conservative and Labour Parties of a Conspiracy Of Silence in failing to address those challenges. Our chief economics correspondent, dharsini david, is here. Tell us more about what the Institute For Fiscal Studies as saying. In Institute For Fiscal Studies as sa in. ,. , Institute For Fiscal Studies as sa inc. ,. , saying. In the run up to budget, it is u to saying. In the run up to budget, it is up to treasury saying. In the run up to budget, it is up to treasury officials saying. In the run up to budget, it is up to treasury officials to saying. In the run up to budget, it is up to treasury officials to burn i is up to treasury officials to burn the midnight oil and get the details together and now
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Hello there, welcome to newcastle, on the Dayjeremy Hunt delivered his budget, in what is almost certainly, a general election year. Were on the citys Iconic Quayside Overlooking the magnificent river tyne, an area steeped in industrial history, and weve been gauging reaction, to the chancellors plans. Among todays annoucements, the government is to cut National Insurance, by 2p in the pound for employees and the Self Employed. Full Child Benefits will be paid to households, where the highest earning parent, is getting up to £60,000. The current limit is £50,000. And, the non dom tax regime, for uk residents whose permanent home is overseas, is to be replaced with new rules, from april next year. Well, the office for budget responsibility, says the average tax payer, is going to pay more in the coming years. It predicts 37 pence of every pound will go in tax by 2029, which would be the highest level since 1948. While the government says public spending on some services will rise by 1