Always a pleasure to see you. This is a company that almost collapsed two years ago. Why is it filing for bankruptcy in the United States . I think it is a legal move. The Debt Restructuring Talks were already going on with hong kong, cayman islands, word has holding companies. The advantage for evergrande to file for bankruptcy in america is a gives it some protection against us creditors for the duration of that Court Process. I5 creditors for the duration of that Court Process Court Process. Is there a lot of exoosure Court Process. Is there a lot of exoosure for Court Process. Is there a lot of exposure for foreign Court Process. Is there a lot of. Exposure for Foreign Companies Court Process. Is there a lot of exposure for Foreign Companies here . I think there is a certain amount of exposure. There are enormous amounts of debts, large amounts of the offshore bonds have lost their value and i believe many of the less risk taking investors already sold their offshore bonds a couple
Odd system, it is odd because it rewards them for keeping their money outside the uk, which we think is the opposite of what we should do. What has changed with that . What has changed with that . What has changed is that any weird concept of domicile has been abolished, there will be a simple definition based on how many years you have been resident in the uk, which is sensible, and a complete exemption from tax on the foreign assets of someone who has recently arrived in the uk, which is simpler, and i think federer. It will only last forfour years. For a last for four years. For a professional person arriving to the uk from abroad gives the four years in which they can sort their Foreign Affairs and learn to live in the uk, but it is much less useful for the very wealthy. We have got jake here who has written and, as a young person, soon to on slightly above average income, what are the longer term effects of the budget, will i be better off . I will come to the longer term peace in
Ainsley it is 8 00 a. M. On the east coast on friday, march 8th and this is Fox And Friends. President biden invoking laken rileys name at last nights state of the Union Address, not without messing it up, listen. Lincoln, Lincoln Riley, an innocent young woman who was killed by an illegal. Embarrassing. With Immigration Top of mind, this is one way to get into the country. [not speaking english] real funny. What he lacks in height, he makes up in heart. This fiveyearold Basketball Coach taking the internet by storm. They listen to him more than they listen to me steams. Lawrence final hour of Fox And Friends starts right now. Remember, mornings are better with friends. [cheering] four more years brian President Biden delivering his third state of the Union Address last night and could be his last. Joey spent a lot of time attacking his predecessor without saying former President Trumps name. Ainsley and mentioned murdered Georgia Student laken rileys name. Lawrence he called her linco
Of the uk, dry conditions but the amount of cloud will vary. Missed across the midlands is still hanging around. Stilla across the midlands is still hanging around. Still a lot of cloud but generally the best of the sunshine is across western areas. We have had some lovely sunny skies in west scotland, nairn in highland, next to this weather watcher. Through the rest of the day, for the vast majority of uk it is dry. Could see the odd spit of drizzle falling across the eastern slopes of the pennines and a vanishingly small chance of a shower elsewhere across england and wales but for the bulk it is just a england and wales but for the bulk it isjust a dry england and wales but for the bulk it is just a dry day. Cold temperatures in birmingham, around six at the moment, not rising much past that. But 10 12 in the warmest spots possible today. Overnight tonight, a lot of Cloud Feeding in from the north sea affecting East Scotland and a good part of north east england, probably some drizz
Districts. In the, and trump racked and todays conventions after winning the states primary earlier this week. In missouri, nbc news projects on the trump the winner of the republican caucuses running of all the states 54 delegates. Overnight a, hode trump won 32 delegates that were all up for grabs. As for, trumpy is not in any of the states today, hes instead in the stump in virginia and North Carolina. Clearly feeling the momentum ahead of Super Tuesday. Over the past few weeks, weve been on a rocket to the republican nomination. Its been a rocket. Now, let us not forget about nikki haley. Her campaign also in North Carolina today, stumping ahead of Super Tuesday, despite todays outcomes in missouri and michigan, haley vows to keep charging ahead, despite failing to win a single Primary Contest thus far. Now is the time we need a new generational leader, that can put in eight years, day and night, fixing the things we need fixed, with no negativity, no drama, no vendettas, just real