shares in the swiss banking giant credit suisse fall to a record low as investors remain worried after the collapse of silicon valley bank. a high court in pakistan orders police to halt their operation to arrest former prime minister imran khan until thursday, following clashes between police and his supporters. conflicting accounts from washington and moscow as a us drone crashes into the black sea after an encounter with russian fighter jets. and a small number of wolves settle in belgium for the first time in more than 100 years as numbers rise across europe. hello. we start here in the uk where the chancellorjeremy hunt has been setting out his budget, pledging to build for the future . the uk economy is set to shrink this year, but it is no longer expected to enter a recession. mr hunt also says the inflation forecast is to fall from above 10%, to just under 3% by the end of 2023. but the labour leader, sir keir starmer, accuses the government of dressing up stagnat
youngsters are actually some of the most economically active in the developed world. waving goodbye to the french open for what is likely to be the last time. the record 1a time champion in paris rafael nadal is knocked out in the opening round. good morning. rain is coming in from the south west pushing north east through the day. behind it we see a return to sunshine but some scattered showers. all of the details later. it s tuesday, the 28th of may. the conservatives have promised to raise the tax free pension allowance if they win the general election. they say the proposal would be worth £275 a year to each pensioner by 2030. under the plans, the state pension would always remain below the tax free threshold. rishi sunak says the scheme shows the conservatives are on the side of pensioners but labour have called it desperate . 0ur political correspondent, ben wright, has the details. what do you love about it? there s one particular reason politicians like to present t
and our political correspondent jack fenwick. another busy day of campaigning, what stood out for you today? there s quite a bit to choose from. it certainly has been another busy day. once again, a theme we ve seen so far in this election is that the economy is really front and centre. we ve heard in the last few minutes how labour have had this letter signed by various business leaders saying they think labour is the way to go in the selection, we ve heard rachel reeves has been out talking about the economy as well. this is all part of labour trying to say they are a changed party since 2019 when jeremy corbyn they are a changed party since 2019 whenjeremy corbyn led the party into that particular election. keir starmer and rachel reeves, and the rest of the labour party think that voters want to be reassured that they will be a safe pair of hands, if you like, if they are in charge of the economy. but there s also a note of caution darrenjones covid labour s shadow chie
katherine, i m rishi. ..as rishi sunak prepares to set out his party s plans for another five years in government. on the eve of his manifesto launch last night, the prime minister hinted at tax cuts to come. we will have a manifesto that builds on all the things that you ve just gone through that we ve already announced in this campaign that, yes, does continue to cut people s taxes, because i believe in a country where people s hard work is rewarded. after cutting national insurance last autumn and in the spring the manifesto will promise to cut it by a further two pence for employees. it will also pledge that the state pension will not be taxed, and make permanent an existing cut to stamp duty for first time buyers, as well as promising that parents will only have to start paying back child benefit when their household income reaches £120,000. the manifesto will also contain pledges to raise defence spending, reform the welfare system, and double down on plans to se