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Transcripts for BBCNEWS World Business Report 20240604 05:38:00

profit for 30 hours a week 30 weeks a year, stopping parents getting into full time work. the announcement was on the right direction, not quite enough we think but also not enough we think but also not enough cash behind it and the living standards, families are still set to get poorer. we will have still set to get poorer. we will have to still set to get poorer. we will have to leave - still set to get poorer. we will have to leave it there. drjeevun sandher. thank you for your thoughts. many of you have been in touch about the budget. we appreciate your views. about the budget. we appreciate yourviews. keep about the budget. we appreciate your views. keep them coming in. to switzerland now where credit suisse says it will borrow up to 50 billion swiss francs that is us $54 billion from the country s central bank to shore up its finances, describing it as taking decisive action . fears about the health of the lender have been rattling global markets, sending credit suisse s

Uk budgetDrjeevun sandherCredit suisseSwiss francs50 billion50 billion swiss francsCentral bankUs 54 billion54 billion

Transcripts for BBCNEWS World Business Report 20240604 05:33:00

tax will be abolished. the government hopes it will tempt some older people who have left theirjobs retired doctors is one example back into the workforce. and the amount workers and their employers can put in their pension pot tax free every year, will be raised from £40,000 to £60,000. to further tackle labour shortages, immigration rules will be relaxed for some roles in the construction sector, including bricklayers, roofers and carpenters. but other sectors struggling to recruit, including retail and hospitality, are disappointed they were not included. so who are the real winners from this budget? the government s own independent forecaster, the office for budget responsibility, is warning people in the uk face the biggest fall in living standards since the 1950s, as wages fail to keep up with the soaring cost of living. 0ur political editor, chris mason, asked mr hunt if he was focusing too

Amount workersLabour shortagesImmigration rulesConstruction sectorIncluding bricklayersUk budgetThe ukPolitical editorCost of livingOffice for budget responsibilityLiving standardsChris mason

Transcripts for BBCNEWS World Business Report 20240604 05:35:00

businesses and families. how much of the businesses and families. how much of the day businesses and families. how much of the day are - businesses and families. how much of the day are still- businesses and families. how much of the day are still about shovelling up the mass of your conservative predecessors? it is not. no, the financial statistics about the country are completely recovered from that. today is of our long term growth plans. let s speak to drjeevun sandher from the new economics foundation a charity funded think tank that in its own words promotes social, economic and environmental justice. good morning to you. there are so much detail on this budget. from your perspective, one of the key changes that will make a difference? the the key changes that will make a difference? the key changes that will make a difference? the biggest thing about this budget a difference? the biggest thing about this budget is a difference? the biggest thing about this budget is

Growth plansUk budgetDrjeevun sandherNew economics foundationThink tankPension cutEveryone elseTax cut1 billion

Transcripts for BBCNEWS World Business Report 20240604 05:30:15

Transcripts for BBCNEWS World Business Report 20240604 05:30:15
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Uk budgetThe ukStagnating economyBusiness headlinesHello againChancellorjeremy huntBbc newsSally bundockCountry setDebt fallingDecline nestsInflation downCredit suisseSick man of europe

Transcripts for BBCNEWS World Business Report 20240604 05:34:00

much on the better off. what you say to people who say this is a budget for the rich, allowing people who are already well off, already done a lot, save more in the pensions wins because we want to help older people who want to stay and work and motivation there will generally be on higher salaries. generally be on higher salaries. ., , , salaries. but nearly five times more help salaries. but nearly five times more help is salaries. but nearly five times more help is going salaries. but nearly five times more help is going to - salaries. but nearly five times more help is going to young l more help is going to young parents. more help is going to young arents. ., . ., parents. your official forecaster parents. your official forecaster say - parents. your official forecaster say the i parents. your official - forecaster say the freezing of the income tax thresholds over six years is the equivalent to putting 4p on income tax. you are clobbering people. i thought katmai conse

Uk budgetHigher salariesOfficial forecasterIncome taxOfficial forecaster say parentsIncome tax thresholdsCorporation taxHeadline rate400 billion9 billion00 billion