Im sally bundock. We start here in the uk, where the Chancellor Rachel reeves will pledge A Budget To Rebuild Britain in her speech to the Labour Party Conference in liverpool today. Shes under pressure to provide some optimism after labours gloomy messaging on the state of the economy they inherited from the conservatives. But her controversial decision to Axe Winter Fuel payments for 10 Million pensioners threatens to overshadow her speech, with a vote challenging the move also expected today. Lets get more now from joe nellis, whos economic adviser to mha a Uk Accounting Firm And Professor of Global Economy at cranfield university. Good morning. There good morning. There was good morning. There was a good morning. There was a lot good morning. There was a lot of pressure on Rachel Reeves to change the music, to be more optimistic, what do you think . I think she will struggle to change the mood music. We are in a difficult position, the economy has been flatlining for the last coupl
Speaking last week, Mr Draghi highlighted limited innovation, high energy prices and a Skills Gap as part of the problem. Sarah hall is professor of economic geography at the university of cambridge. Shejoins me now. What are you expecting with this report . From what we have heard and briefings we expect a very long Document But One that potentially struggles to be really clear on how some of thoseissues really clear on how some of those issues could be tackled. For some reason that is really obvious and quite clear why that might be the case. Some of the challenges the us facing is very similar to other advanced economies in Europe And North america including the uk. For example, how do you drive up competitiveness as a regal thorny challenge that is hard to address. I think i will be looking out for what the report says around improving competitiveness, crucially how that might be financed, that is a really big questions. And how the eu and through this Report Mario draghi suggestin
The tech giants in the us are dominating the business agenda today. Jeff bezos is stepping down as amazons Chief Executive. The Online Retail giants founder will move to become the compa ny s executive chairman. He will be replaced as ceo by andy jassy, the current boss of amazons Cloud Computing business. And this comes as the firm reported 386 billion in sales in 2020, thats up 38 on the year before. Their profits almost doubled, rising to 21. 3 billion. So whats been the reaction to the news bezos is stepping to the side, and what do we know about the new boss . Duncan howe is e commerce strategist at cheil uk, which is a Digital Marketing and advertising agency. Duncan, welcome to the programme. Executive chair man still means he will have a lot of control and very much involved in and is on, but it is the day to day responsibility. What do you think about this move . I responsibility. What do you think about this move . I think it is a bit of think about this move . I think it is
As shes seen embracing the man who stands accused of her murder. A Police Officer has been charged with the murder of retired footballer Dalian Atkinson who died after being tasered. Coming up on afternoon live all the sport. Good afternoon simon. The former england captain, Dylan Hartley has announced his retirement from professional rugby. Northampton saints where hes played at for m years say the hooker had been unable to recoverfrom a knee injury. And you have the weather at your fingertips. Persistent rain across england with the risk of flooding. We were also the casting our eyes towards india we have a couple of cyclones to look at. Also coming up would you pay £5 99 a month to be able to binge on british classic Television Series . The Election Campaign has turned attention onto the economy with both labour and the conservatives setting our their spending priorities. And they re planning a big spending spree. With the shadow chancellor, John Mcdonnell, setting out plans to bor
We start here in the uk, where figures out earlier show the uk economy grew by 0. 2 between april and june following a rebound from an extra bank holiday for the kings coronation. Growth injune alone was stronger than expected at 0. 5 . High inflation remains a problem. The Bank Of England has raised the cost of borrowing 1a times since the end of 2021 to try and rein in soaring prices. So where is the Economy Heading . Were nowjoined by victoria scholar, who is the head of investment at interactive investor. Lovely for tojoin us lovely for to join us here on the programme. Not. 2 . Essentially, thatis programme. Not. 2 . Essentially, that is stagnation, isnt it . Actually, these figures are a bit better than analysts were expecting, both in the Second Quarter and in june we saw particular strength in the construction. Injune we saw a bounce back in manufacturing, publishing, so things like books and magazines also fare pretty well, and car sales have been benefiting from the fact the