Long term decisions for a brighter future, or short term jockeying for advantage . Rishi sunak sets out his stall for the coming election. The northern leg of h52 is cancelled. The Prime Minister insists that every penny of the £36 billion intended for that rail link will be spent on other projects. There were a raft of other announcements too, sold like this. Politics doesnt work the way it should. Weve had 30 years of a political system which incentivises the easy decision, not the right one. 30 years of vested interests standing in the way of change. 30 years of rhetorical ambition, which achieves little more than a short term headline. Weve gathered politicians to weigh up whether the reformist pitch is credible for a party already in government. Could it even be an election winner . And speaking of 30 years ago. Things can only get better now ive found you. With so many Big Government schemes especially in education and health reliant on private finance deals, we reveal the soari
Borussia dortmund. Eddie howe believes the club was my progress has been rapid and both he and the former captain alan shearer are hoping it can continue. I former captain alan shearer are hoping it can continue. Hoping it can continue. I think initially nothing hoping it can continue. I think initially nothing like hoping it can continue. I think initially nothing like this hoping it can continue. I think initially nothing like this was l hoping it can continue. I thinkl initially nothing like this was in our thoughts at the speed at which it has happened. 0ur our thoughts at the speed at which it has happened. Our only thought was staying in the premier league. The spring of dimension has lifted so powerfully and quickly and in a positive direction for us i think my only sort of thought is to try and keep that momentum for as long as we can. If keep that momentum for as long as we can. 1 ,. ,. , keep that momentum for as long as we can. I,. , keep that momentum for as long as we can.
Its soaring costs. He pledged to reinvest every penny in other Transport Projects in the north, the midlands and across the country. The speech was widely seen as an opportunity for the Prime Minister to revitalise his party ahead of a general election expected next year. Here are some of his speech. I am ending this long running saga. I am cancelling the rest of the h52 project. And in its place. And in its place, we will reinvest every single penny, £36 billion, in hundreds of new Transport Projects in the north and the midlands across the country. This means £36 billion of investment in the projects that will make a real difference across our nation. Applause ijust want to remind you exactly what hs2 actually is. Its a High Speed Railway which is what the Hs Stands For and it was touted as the uks biggest infrastructure project, aiming to transform public transport between london, the midlands and the north. The first part, between west london and birmingham, is already under cons
On the same day the uk and Republic Of Ireland will now bid unopposed for euro 2028, unopposed for euro 2028, after turkey withdrew to focus on a joint bid with italy for euro 32. Turkey agreed to merge their bid with italy injuly and that has now been approved by uefa. In april, 10 venues were selected for the uk and ireland bid, including glasgows hampden park, cardiffs principality stadium, dublins Aviva Stadium and wembley in london. Uefa will award the hosting of Two European Championships next tuesday. Liverpool Managerjurgen Klopp wants their Premier League game against tottenham to be replayed after luis diazs goal was wrongly disallowed by the video assistant referee. The var team failed to overrule the decision when diaz was flagged offside when the game was still goalless. The referees body, the pgmol, released the audio of discussions between the match officials as they made the decision and when they realised the mistake that had been made. Liverpool went on to lose 2 1. N
For the Us Government to borrow money for 30 years. The big spike at the end is the concern. That is the cost of borrowing over 30 years. The Us Government is being forced to pay more as investors worry they will lose out when compared to the returns they can get from those higher Interest Rates. Its a similar story in the uk where like other governments there will be concern in the corridors of power that it costs more to pay off the National Debt and so there is less cash for other things. Simon french is Chief Economist at the uk Investment Bank Panmure Gordon and i asked him to explain to me what is going on. Your summary was pretty accurate. The higher for longer Interest Rate environment is spooking investors who have been for at least 15 years of the view that Central Banks have their back in terms of keeping Interest Rates low, but also buying Government Debt, quantitative easing, money printing, which many viewers have been familiar with over the last 15 years, has gone into r