The Prime Minister has warned that the budget this october will be painful, in his first major speech from no 10 since becoming Prime Minister. Speaking in the rose garden, he said his government had inherited a black hole in the public finances, of £22 billion. Those with the broadest shoulders should bear the heaviest burden, he cautioned, but he also said there would be big asks of everyone. The conservatives responded by saying the speech was an indication that labour had been planning tax rises all along. Vicki young has our top story. Blue skies and sunshine, but the Prime Minister didnt come here to paint a rosy picture. He has accused the conservatives of wrecking the economy, leaving him to put it right. There is a budget coming in october. And it is going to be painful. We have no other choice, given the situation that we are in. Those with the broadest shoulders should bear the heavier burden. I will have to turn to the country, and make big asks of you as well. Its already
Good evening. Big asks are going to be made of the public in octobers budget, the Prime Minister said today, in a major speech in the number 10 garden. Sir keir starmer warned that his government had inherited a black hole in the public finances of £22 billion. He said those with the broadest shoulders should bear the heavier burden. The conservatives responded by saying his speech was an indication that labour had been planning tax rises all along. In a moment, well look ahead to what may be in the budget with our Business Editor simonjack, but first, our deputy Political Editor Vicki Young Reports on the Prime Ministers speech. Blue skies and sunshine, but the Prime Minister didnt come here to paint a rosy picture. He has accused the conservatives of wrecking the economy, leaving him to put it right. There is a budget coming in october. And it is going to be painful. We have no other choice, given the situation that we are in. Those with the broadest shoulders should bear the heavie
Lockdown in wales will last for three more weeks at least but children could return to schools there after the february half term. Around 300,000 people are expected to leave hong kong for britain using a new visa route which opens on sunday. Investors respond with outrage after Trading Platforms halt the buying of shares in the us games firm gamestop and other companies. It follows days of frenzied trading that led to a massive increase in its value. Hello and welcome if youre watching in the uk or around the world. A new Coronavirus Vaccine has been shown to be 89. 3 effective in large scale uk trials. The novavax jab is the first to show it is effective against both the uk and South African Variants of the virus. As you can see from this graph, the uk has secured 60 million doses of the jab, which will be made in stockton on tees. The doses are expected to be delivered in the second half of this year if approved for use by regulator. Meanwhile, the European Medicines Agency will mee
Initiative by the Peterson Institute. Just in time for not just in time for a new u. S. Administration, or a new term of an old administration, depending on what happens. But in time for the stock taking going on in the world, on how to open the world economy, when the u. S. Has behaved as it has for the last four years, but also importantly, when we are all facing the vulnerabilities that came out of the pandemic. Before introducing my colleagues who will be speaking about memos to the white house, National Economic council, the c. E. A. council of economic advisors , the office of manufacturing and trade policy about industrial policy and the u. S. China , strategic dialogue, let me say a couple of words about the rebuilding project. We are very excited about this. It is open to everyone, in the sense that we wish to engage. In all of our and all of our publications and events are online. The world has been moving backwards since roughly 2008, both in terms of economic outcomes for h
Council of economic advisors obama. Resident its an hour. [captions Copyright National cable Satellite Corp 2020] [captioning performed by did national captioning institute, which is responsible for its caption content and accuracy. Visit ncicap. Org] [captions Copyright National cable Satellite Corp 2020] here today as as part rebuilding the Global Economy project. A major initiative, not just in time for a u. S. Administration or a new term of an old depending on what happens, but in time for the stock taking going on and the on how to open the World Economy when the u. S. Has ehaved as it has for the last four years but also, equally importantly, if not more so, hen were all facing the vulnerabilities that came out of the pandemic. Before introducing my colleagues who will be speaking today about memo to the white house, economic council, the c. C. E. A. , and the u. S. China trategic dialogue let me say a couple of words about the rebuilding project. Were very excited about this an