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Transcripts For BBCNEWS World Business Report 20240707

we start here in the uk where later today, prime minister borisjohnson will promise new measures to rejuvenate the flagging economy. as part of a visit to the northern county of lancashire, he will pledge reforms to help with the soaring cost of everything, quote, from food to energy to childcare to transport and housing . it comes as fuel prices hit a new record, rail workers threaten strike action over pay, and the oecd think tank warns the uk will be the worst performing economy in the developed world. our business editor simonjack reports. it s a shocking site but maybe not for long. fuel prices continued their relentless march upwards with the average price of unleaded seeing its biggestjump to one pound 78 but many are paying more. i pen; but many are paying more. i pay £2 a litre- but many are paying more. i pay £2 a litre- i but many are paying more. i pay £2 a litre. i do but many are paying more. i pay £2 a litre. i do deliveries, - £2 a litre. i do de

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Transcripts For BBCNEWS BBC 20240703

This small group of House Republicans to want to live up to that deal and america could be faced with paying the price for that. Republican hardliners want more spending cuts. A partial shutdown could result in Paycheque Delays for millions of americans, Air Travel Distruptions and impacts to public programmes focused on everything from poverty to environmental safety. Earlier on monday, the Us Agriculture secretary, tom vilsack, warned that if a decision isnt reached by october 1st, millions risk food insecurity. It isa it is a programme that impact and effect of a 50 of all newborns in this country. Nearly 7 million pregnant mothers, new mothers and Young Children count on it every single day to receive support. With a shutdown, what we would see across the United States is a denial of those benefits and opportunities. In some cases, it would be literally within a matter of days. The last Government Shutdown in the us was in 2019. Us senator bob menendez says hes confident hell be cl

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Transcripts For BBCNEWS BBC 20240703

Hello, im rajini vaidyanathan. We start here in the uk. Defence secretary grant shapps said it would be irresponsible to carry on Pumping Money into the h52 high speed rail line if costs had spiralled and there was a perfectly legitimate question about its sequencing. Mr shapps, the uks former transport secretary, told the bbc s Victoria Derbyshire that costs had increased significantly, citing inflation as having been part of that. He stressed that hs2 was not the be all and end all for northern transport projects. On hsz, we do have to respond to the budgets on hsz, we do have to respond to the budgets that have been hit not only by coronavirus but by the war in ukraine by coronavirus but by the war in Ukraine I By Coronavirus but by the war in ukraine. Ithink by coronavirus but by the war in ukraine. I think any responsible government looks at that and says, does this government looks at that and says, does this still stuck up for what the country requires in terms of where the coun

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Transcripts For BBCNEWS BBC 20240703

Hello, im rajini vaidyanathan. Its been described as the new High Speed Railway that will form the backbone of britains transport network. But there are now questions over the future of the h52 project which had planned to connect london, the midlands and the north of england. The uk government says it would be crazy not to review the project given soaring costs due to the war in ukraine and a rise in inflation. Defence secretary, and former transport minister grant shapps told the bbc the government would need to make serious decisions on how affordable it is. The hs2 project was originally due to link london with manchester and leeds, via birmingham. There is speculation that the link between birmingham and manchester may be under threat as costs have increased significantly. The line to leeds has already been scrapped. With more, heres our political correspondent, jessica parker. Hsz hs2 is this enormous rail project, and they actually already scrapped a bit of the leg of the line t

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