violin plays. ceremonies are being held to mark holocaust memorial day to remember the millions of people persecuted and murdered by the nazis. and britain s alfie hewett and gordon reid secure theirfourth successive australian open wheelchair doubles title their 16th grand slam title together. hello and welcome. the chancellor, jeremy hunt will make a major speech shortly about where long term growth in our economy will come from. mr hunt is expected to dismiss gloom as he sets out plans to increase productivity in the uk. it s also thought he ll pledge a relentless focus on the key industries of the future. but it comes against the backdrop of a cost of living crisis and ongoing strikes about public sector pay. it comes in a week the government has faced accusations it has no long term plans for growth. according to advance extracts from his speech released by the treasury he will say. the government will offer a plan for long term prosperity based on british genius
and 48 hours to come up with the next generation of video games. we ll be hearing from the man behind the global gamejam. hello there. we start here in the uk, where the bank of england has raised the cost of borrowing for the tenth time in a row. the half a percent rise puts uk interest rates at 4%, their highest level in more than 1a years. a bonus, of course, for savers, but it piles more pressure on businesses and those with mortgages, loans and credit card debt. the good news is that the bank now thinks the uk s recession will be shorter and less severe than it previously thought, and there s a hint that rates may not have to go any higher. but a recovery could take years as our economics editor faisal islam reports. the squeeze continues. an official interest rate of 4% should not feel huge, but it does, and notjust here in nuneaton, forjoanne, who runs a furniture and gift shop. the mortgage a furniture and gift shop. the mortgage on a furniture and gift shop. th
he shouldn t have been doing that. a critical incident is declared at the british port of dover as holiday makers face queues for hours for border checks, with the uk blaming french staff for the delays. the french border officers, they didn t turn up to work. they were supposed to be fully manning all of the passport control booths to meet at the holiday surge. hundreds of police in riot gear storm the main anti government protest camp in the sri lankan capital, colombo, tearing down tents and beating demonstrators. turkey says a deal has been agreed by ukraine and russia which will allow the resumption of grain to be exported from the black sea. tens of thousands of patients in england turned to private treatment late last year as hospital waiting lists started to climb with some even taking out loans pay for procedures. also coming up: despite a tough year, team gb s dina asher smith makes it back onto the podium after winning bronze at the world athletics championships in
let s get down to business. as promised, we have more for you on the nato summit that will be getting under way in a few hours time. where, as you ve been hearing, finland and sweden have joined the alliance after turkey dropped its opposition against their membership. so, two of the hot topics at the summit are deciding whether russia or china is the biggest threat to world stability currently, and how to share the combined costs of defence security. members are expected to meet the nato target of spending 2% of gross domestic product on defence. the uk presently spends 2.1% of its gdp on security, but there have been calls for an increase after russia s invasion of ukraine. michael rowe is vice president of aerospace and defence at frost & sullivan. good morning to you, michael. first of all, finland, sweden joining nato. what does that mean in money terms? good morning- mean in money terms? good morning. when mean in money terms? good morning. when you - mean in money
Taxpayers and corporations. [inaudible conversations] [inaudible conversations] are right. This joint hearing of the subcommittee on Government Operations and the federal workforce and healthcare and Financial Services committee will come to order. Welcome everyone. Without objection the chair may declare a recess at any time. Recognize myself for the purpose of making an opening statement. First and foremost thank youst l for being here in this crazy but at times were in. Nevertheless, what were talking about is extremely important. The irs has been played really with dysfunction for decades. The dysfunction is across the board from data breaches complex, and didnt except to slow audits, backlogs, and really Terrific Customer Service got at least for my constituents. Despite years of congressional oversight and government watchdog warnings, not much has changed. My colleagues on the other side of the aisle believe that more money and more power is thee solution. In fact, the last year