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Agriculture sectors represent 22% of global greenhouse gas emissions, and from today, the world s first standard guidance will be launched, so businesses will be able to measure how they can reach net zero targets. he hoped to speak to a representative from the wwf about this but sadly because of technical reasons christopher anderton is unable to join us but it is an important issue and something we will talk about in more detail. let s see how the asian markets are faring. as you can see, japan down over 2%, the hang seng in a similar position, the price of oil, sinking as well. we can see how the dollar is trading versus the dollar is trading versus the yen. we have £1 buying just over $1.06. showing you how the ....
Hurts, in their mortgage payments. so far the bank of england s announcement hasn t worked to calm financial markets. the index of uk listed companies is tumbling down 2% and traders are again selling the pound, now worth less than $1.06. andrew verity, bbc news. our business editor simonjack is here. what an extraordinary morning. blimey is the word. a major intervention by the bank of england. now financial markets around the world have been stressed by inflation which we have seen across the globe but there is uk specific stuff here as well. last friday when the chancellor announced a not so mini budget, he said he would cut taxes and put more money in people s pockets which was meant to help the comic robot inflation was already above 10% and what he did with this extraordinary unexpectedly large and has left the bank having that a much harderjob to try to bear down on inflation. that s why we think now ....
And said untargeted fiscal packages were not recommended during a period of high inflation. it warned the government its mini budget risked increasing inequality. that is all about the proposed tax cuts. the white house also criticised the government s policy saying it was important to focus on fiscal prudence, and fiscal discipline . the pound dipped in asian trade this morning standing at around $1.06. the imf said that the government s fiscal plan in late november would give it an opportunity to re evaluate tax measures especially those that benefit high income earners. today s action from the bank of england and the imf follow government proposals that would scrap the top rate of income tax and end a cap on bankers bonuses, among other measures. the announcement on friday sparked financial turmoil, as investors dumped the pound and uk debt. on monday the pound fell to record lows against the dollar. some of the country s biggest ....
News channel. the international monetary fund which works to promote stability in the global economy has criticised the british government s plans for tax cuts, warning the measures are likely to fuel the cost of living crisis. in an unusually outspoken statement the imf said the uk s developments were being closely monitered, and said untargeted fiscal packages were not recommended during a period of high inflation. it warned the government it s mini budget risked increasing inequality. the white house also criticised the government s policy saying it was important to focus on fiscal prudence, and fiscal discipline . the pound dipped in asian trade this morning standing at around $1.06. the imf said that the government s fiscal plan in late november would give it an opportunity to re evaluate tax measures especially those that benefit high income earners. the uk government proposals would scrap the top rate of income tax and end a cap on bankers bonuses, among other ....
Than to a country like britain. the government is hoping that by handing out tax cuts people have more money to spend and that will stimulate the economy to grow and improve living standards. but the imf is warning it could have the opposite effect because the pound is weak, import prices are higher, and that pushes up inflation and, to fight inflation, interest rates have to rise faster than previously thought and that could hit ordinary people where it hurts in their mortgage payments. so far, the bank of england s announcement hasn t worked to calm financial markets. the all share index of uk listed companies is tumbling down 2% and traders are again selling the pound, now worth less than $1.06. andy verity, bbc news. the labour leader has said the move by the bank of england to intervene in the bond markets is very serious . he called for parliament to be ....