shares in the swiss banking giant credit suisse fall to a record low as investors remain worried after the collapse of silicon valley bank. a high court in pakistan orders police to halt their operation to arrest former prime minister imran khan until thursday, following clashes between police and his supporters. conflicting accounts from washington and moscow as a us drone crashes into the black sea after an encounter with russian fighter jets. and a small number of wolves settle in belgium for the first time in more than 100 years as numbers rise across europe. hello. we start here in the uk where the chancellorjeremy hunt has been setting out his budget, pledging to build for the future . the uk economy is set to shrink this year, but it is no longer expected to enter a recession. mr hunt also says the inflation forecast is to fall from above 10%, to just under 3% by the end of 2023. but the labour leader, sir keir starmer, accuses the government of dressing up stagnat
pledging to build for the future . the uk economy is set to shrink this year, but it is no longer expected to enter a recession. mr hunt also says the inflation forecast is to fall from above 10%, to just under 3% by the end of 2023. but the labour leader, sir keir starmer, accuses the government of dressing up stagnation as stability . let s look at some of the key moments of the budget. energy bills for a typical household in britain will continue to be capped at £2,500 until the end ofjune. the 5p cut to fuel duty on petrol and diesel has been frozen for another year. the duty on draught pints has also been frozen to help in the words ofjeremy hunt the great british pub . but people drinking at home will see tax on other alcohol products like wine and spirits soar by 10.1% in august, in line with inflation during the peak of the cost of living crisis. the lifetime limit on tax free pensions savings will be abolished. in addition, the annual tax free pension allowance
and diesel has been frozen for another year. the duty on draught pints has also been frozen to help in the words ofjeremy hunt the great british pub . but people drinking at home will see tax on other alcohol products like wine and spirits soar by 10.1% in august in line with inflation during the peak of the cost of living crisis. the lifetime limit on tax free pensions savings will be abolished. in addition, the annual tax free pension allowance will rise to £60,000. and free childcare of 30 hours a week for working parents in england is being expanded to cover one and two year olds but will only be fully implemented by september 2025. let s get more on this with shaun ley who s outside westminster, at college green. welcome to you and everybody watching at westminster. the big uestion watching at westminster. the big question is. watching at westminster. the big question is, did watching at westminster. the big question is, did it watching at westminster. the big