Offer policies in response to Something Like coronavirus well to be frank i think its almost irresponsible to be having a budget today the chancellor is a young man whos never had a senior government position before d and hes been in the job for weeks to prepare a complex budget and an extremely sensitive moment in our modern history when weve not only got the pandemic rushing towards us but the World Economy is at the very very fragile state where bad mistakes at national and International Level could lead us into a big recession i want to get to those macro level top topics in a 2nd but im not sure in geneva or if youve been following it but obviously Boris Johnson fired his defacto finance minister a few weeks ago and they say its dominic. Cummings who is the real chancellor of the country so we can take maybe something from Dominic Cummings his blog he said he would support even if it is income tax to boost growth what you make of that in the indeed happens of the budget today well
Shadow chancellor John Mcdonald will measure this budget with joining me now from geneva in switzerland is someone who has advised a shadow chancellor standing cofounder of the basic Income Earth Network guy thanks so much for coming back on so after years of tory austerity the un called it callous policies driven by a political desire for social reengineering how well prepared is the chancellor to offer policies in response to Something Like coronavirus well to be frank i think its almost irresponsible to be having a budget today the chancellor is a young man whos never had a senior government position before and hes been in the job for weeks to prepare a complex budget and an extremely sensitive moment in our modern history when weve not only got the pandemic rushing towards us but the World Economy is at the very very fragile state. Bad mistakes at national and International Level could lead us into a big recession i want to get to those macro level top topics in a 2nd but im not su
Balance sheet Balance Sheets is what they should talk about and thats where we can be clear because taxation is the dumb one of trying to get the will back from the from the wealthy. I guess its become a great tradition just before new years eve to talk to someone who is in charge of where the russian economy is go and were here in the Russian Ministry of Economic Development once again the Christmas Trees right here to talk with minister but he might have been good morning at any rate to do that one more time lets begin with the news from the last few days and focus on the nord stream 2 pipeline project in the baltic sea for muds the message from russian officials has been that pretty much nothing can stop a project that is almost all but complete many experts were saying that these sanctions are only aimed at the domestic audience its just a trick before the elections to show that pressure is being put on russia but now the measures are in place and russia finds itself in a position
In europe that can become in some way mediators or those who can send a message across the atlantic for them to a lot of messages were already sent by the way or european friends of the United States in the recent months so there is nothing to it so once again it is december 29th being and economic punishment against russia is back in the headlines so this time around what is the biggest threat for the russian economy is it once again sanctions or uncertainty or volatility in the commodity market what can you say well of course there is a number of negative trends that are coming from the Global Economy would change impacting russian economy as ive said through this year is the weakest here in terms of economy girls in store and that is of course impacting the peace of god also for our exports in real terms in the in the terms of those who are being hit by the lower Commodity Prices some on the different come what is starting from oil metals call and so on so force of course this impac
A project that is almost all but complete many experts were saying that these sanctions are only aimed at the domestic audience its just a trick before the elections to show that pressure is being put on russia but now the measures are in place and russia finds itself in a position a very tricky one that technically it doesnt have the capabilities to finish the pipeline project so what does that say about how much moscow is able to come up with a plan b. Plan c. Etc well there was there was already extensive comments there that coming from president bush who missed of course a mutual friend in jail and what i would like to attract your attention to is the problem of the. Sanctions coming from the United States and its you know it big program for the water as a whole its being named as a problem not only from own slaves but the review from the review and say it just recently for example we cant go into commission was from those who were discussing was the limit of the amused when the me