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Transcripts For BBCNEWS Newsnight 20240704

Hello. Tonight were in monmouthshire in wales to talk to the people of this proud area about what their lives are like and what they want to hearfrom politicians in this election year. Does it feel like the economy has turned a corner as the Prime Minister claimed today . Good evening and welcome to abergavenny. Applause. According to the sunday times yesterday, this is the best place to live in the whole of wales. Were here for one of our outside broadcasts where we gauge the mood of people who live and work here in the run up to an election later this year. Were broadcasting live tonight from a brand new constituency of monmouthshire in South East Wales. Its the successor to the seat of monmouth which has voted conservative since 2005. And we are in the stunning st marys priory which has served the people of abergavenny and the surrounding area for a thousand years. Weve invited people from all walks of life, all political colours, broadly representative of how people voted at the la

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Transcripts For BBCNEWS World 20240704

A cut to come by the summer. Im a cut to come by the summer. Im interested a cut to come by the summer. Im interested in a cut to come by the summer. Im interested in this Wage Inflation problem because we are seeing in some sectors quite a lot of industrial action, which is all about wages. Is that a fly in the announcement . It about wages. Is that a fly in the announcement . About wages. Is that a fly in the announcement . , , announcement . It certainly is across euro e announcement . It certainly is across eumpe and announcement . It certainly is across eumpe and in announcement . It certainly is across europe and in the announcement . It certainly is across europe and in the uk, announcement . It certainly is across europe and in the uk, so announcement . It certainly is across europe and in the uk, so we announcement . It certainly is across europe and in the uk, so we have i europe and in the uk, so we have seen while the Headline Inflation Number is coming down, the big increa

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Transcripts For BBCNEWS World 20240704

Convenient fiscal rule from that oint. ,. , convenient fiscal rule from that oint. ,. , , point. The reason why it is important point. The reason why it is important is point. The reason why it is important is it point. The reason why it is important is it is point. The reason why it is important is it is because l point. The reason why it is. Important is it is because that point. The reason why it is important is it is because that cut in National Insurance is going to add i to peoples Living Standards after a cost of living crisis, that really matters. Because of that decision, partly because of that decision, partly because of that decision, the avr upgraded their forecasts for growth next year by 0. 5 . I think that is a pretty good thing for the country when we are emerging from a technical recession to see additional growth. I think thatis to see additional growth. I think that is very good for people struggling in the cost of living crisis but, over the period, borrowing is bro

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Transcripts For BBCNEWS World 20240704

For a while yet if in the future at all, pointing to an unstable global Food Supply Pressurised by the war in ukraine. Now the price of food in the uk rose by nearly 17. 5 in the year tojune, which was actually a fall from a high of just over 19 in the year to march, following an overall drop in the wholesale price of food which you can see here peaking when russia invaded ukraine last year. It has been trending downwards. But prices are still much higher than before the war and have started creeping up again. Lets discuss this with Kona Haque Head of reserach at commodities house ed and f man holdings. Good to have you on the programme. Do you agree with the Chief Economist at the Bank Of England that actually high food prices are here to stay . I think at least for the sure term we still have got some pressures that will keep prices elevated. The factors globally, the stocks, global stocks of the stocks, global stocks of the grains, the staples such as grains and oils, and sugar, the

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Transcripts For BBCNEWS World 20240704

Limiting investment by American Companies in the chinese tech sector because of Serious National Security risks. It would require us firms to disclose investments in sensitive areas such as Artificial Intelligence and ban some investment altogether. Beijing has reacted angrily saying it is gravely concerned about the order. A spokesperson for the Chinese Embassy in washington says the curbs seriously undermine the interests of chinese and American Companies and investors. Republicans have said they do not go far enough. This is a new front in the tech war between two global superpowers, the restrictions prevent American Private equity and Venture Capital firms from investing in high tech sectors investing in high tech sectors in china, such as quantum computing, Artificial Intelligence and advanced semiconductors. The goal is to stop us capital in know how speeding up the development of technologies that could help china develop weapons for use against america in a military conflict. I

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