violin plays. ceremonies are being held to mark holocaust memorial day to remember the millions of people persecuted and murdered by the nazis. and britain s alfie hewett and gordon reid secure theirfourth successive australian open wheelchair doubles title their 16th grand slam title together. hello and welcome. the chancellor, jeremy hunt will make a major speech shortly about where long term growth in our economy will come from. mr hunt is expected to dismiss gloom as he sets out plans to increase productivity in the uk. it s also thought he ll pledge a relentless focus on the key industries of the future. but it comes against the backdrop of a cost of living crisis and ongoing strikes about public sector pay. it comes in a week the government has faced accusations it has no long term plans for growth. according to advance extracts from his speech released by the treasury he will say. the government will offer a plan for long term prosperity based on british genius
things economically, there is always huge scope to cut or raise taxes, or spending, and then there is what his room for manoeuvre is within his self imposed targets. we must be clear on this. a government s finances are completely unlike a household finance. we live in a currency where the government issues currency, we cannot do that, ferns cannot do that, whereas the government issues a currency and has a lot more freedom than us. not many of us have a money printing press in our front rooms. of us have a money printing press in ourfront rooms. but of us have a money printing press in our front rooms. but the chancellor must calculate his own self imposed targets so wriggle room is against those, and those are a political judgment. they are based on what the government thinks the markets will wear. just like in the mini budget wear. just like in the mini budget we had last year, there seemed to be no constraints on what the government will blow on tax cuts, for example, so
bubble are trying to perpetrate and create rumours and speculation which i think is motivated to destabilise the speech from the chancellor today. the speech from the chancellor toda . ~ , ., today. we must leave it there. chief executive of today. we must leave it there. chief executive of the today. we must leave it there. chief executive of the northern today. we must leave it there. chief l executive of the northern powerhouse partnership, at leeds station for us this morning, thank you. we are asking you today what you think of the report suggesting that hs2 would no longer terminate at euston station in central london. also suggestions it might be delayed and eventually terminate there but it may be delayed. what would that mean to you about connectivity around the uk? please get in touch with us and give us your thoughts. you can do that on twitter. use the hashtag bbc your questions. israel says it s carried out air strikes against palestinian militants in gaza after se
few weeks ago. thank you very much. a testing time, very important time, | a testing time, very important time, for the prime minister and chancellor in terms of what they announced today. i m joined by richard davies, professor of public understanding of economics at bristol university & director of the economics observatory. let s talk a bit more about the economics of it. it describes itself as a project that bridges the gap between academic research, government policy, and the general public. welcome. what, in your view, is the balancing act for the chancellor today? the is the balancing act for the chancellor today?- is the balancing act for the chancellor toda ? , , ., chancellor today? the big question for me is timing. chancellor today? the big question for me is timing. what chancellor today? the big question for me is timing. what we - chancellor today? the big question for me is timing. what we will - chancellor today? the big question for me is timing. what we will get
is going to be better? it does and it doesn t. it is going to be a better? it does and it doesn t. it is going to be a good better? it does and it doesn t. it is going to be a good help. i better? it does and it doesn t. it is going to be a good help. but i better? it does and it doesn t. it i is going to be a good help. but the fact that is going to be a good help. but the fact that it s having to be paid back fact that it s having to be paid back. people will struggle, especially in the winter, especially when especially in the winter, especially when they especially in the winter, especially when they are having to pay other things. when they are having to pay other things, other bills as well as paying things, other bills as well as paying that back. i don t think it s what paying that back. i don t think it s what people need. the chancellor toda also what people need. the chancellor today also is what people need. the chancellor today also is going what peo