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Transcripts For BBCNEWS World 20240704

Convenient fiscal rule from that oint. ,. , convenient fiscal rule from that oint. ,. , , point. The reason why it is important point. The reason why it is important is point. The reason why it is important is it point. The reason why it is important is it is point. The reason why it is important is it is because l point. The reason why it is. Important is it is because that point. The reason why it is important is it is because that cut in National Insurance is going to add i to peoples Living Standards after a cost of living crisis, that really matters. Because of that decision, partly because of that decision, partly because of that decision, the avr upgraded their forecasts for growth next year by 0. 5 . I think that is a pretty good thing for the country when we are emerging from a technical recession to see additional growth. I think thatis to see additional growth. I think that is very good for people struggling in the cost of living crisis but, over the period, borrowing is bro

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Transcripts For BBCNEWS BBC 20240704

Threshold. And much. For our viewers, you about the threshold. And the much. For our viewers, you about the threshold. And the allowance. Much. For our viewers, you about the threshold. And the allowance. What l threshold. And the allowance. What is the difference . Personal allowance and then weve been talking about Tax Thresholds as well. ,. ,. Talking about Tax Thresholds as well. ,. ,. ,. ,. ,. ,. , well. The personal allowance is that first threshold. Well. The personal allowance is that first threshold. Everyone well. The personal allowance is that first threshold. Everyone who well. The personal allowance is that first threshold. Everyone who earns| first threshold. Everyone who earns a wage in the uk can earn 12500 and 70p and not pay a penny of income tax on that money. The problem for us is when inflation starts to push our wages up, us is when inflation starts to push ourwages up, and us is when inflation starts to push our wages up, and we are earning more than that, that w

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Transcripts For BBCNEWS BBC 20240704

According to the british retail consortium, Food Inflation fell last month to 13. 4 thanks to the lower cost of staple goods like oils, breakfast cereals, fats and fish. Heres our Business Correspondent emma simpson. It may not feel like it but the worst of food price rises could now be over. Grocery bills, though, are still way too high for many shoppers. Like, before you can just walk in with £10 and get a lot of things but now even £10 cant even buy what you actually want to buy. I mean, at the moment im ok but i guess im very lucky. But if it increased any more, just like Mortgage Rates as well, just like, yeah, the whole things going up, isnt it . Instead of Buying Luxuries now i buy the basics. Todays Food Price Figures come from the trade body for retail which also monitors the change in shop prices. Lets take a look at this chart which tells the story. Now, you can see how food prices jumped from last year. They were going up before the war in ukraine, but then they really st

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Transcripts For BBCNEWS BBC 20240704

Resettlement scheme, where they have the right to live and work in the country and many were housed in what was intended to be a temporary basis in hotels and that was paid for partly through government funding. Vets that scheme is coming to an end and back in april they government wrote two people who were in that Emergency Accommodation telling them they had three months to leave. Now that deadline is coming around and we are hearing from local authorities who have had the task of finding accommodation for these people, that many of them are ending up people, that many of them are ending up homeless because there simply isnt suitable permanent accommodation for them to move into. And so that is why we have this morning from the local Government Association that many people are at risk of homelessness will stop indeed many are finding themselves homeless because of the situation and they are warning that it is causing many people significant distress and destruction and the situation

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