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The Prime Minister has warned that the budget this october will be painful, in his first major speech from no 10 since becoming Prime Minister. Speaking in the rose garden, he said his government had inherited a black hole in the public finances, of 22 billion. Those with the broadest shoulders should bear the heaviest burden, he cautioned, but he also said there would be big asks of everyone. The conservatives responded by saying the speech was an indication that labour had been planning tax rises all along. Vicki young has our top story. Blue skies and sunshine, but the Prime Minister didnt come here to paint a rosy picture. He has accused the conservatives of wrecking the ec ....
Irwin joining us with. And kay la, i will start you with. At the windy white house there, as it relates to what were hearing from the Treasury Secretary, and from cnbc language, to Plain English here, what it means. Well, its significant because the Treasury Secretary is saying that as of early june, the federal government wont be able to pay its bills anymore. Its allowed by congress to borrow up to 31 trillion and change, but its going to hit that number next thursday. After that point, treasury is going to be looking under couch cushions to try to finds some additional money. It will be pinching pennies. And it says it will stop contributing or investing into some federal workers retirement accounts, to try to conserve some of that cash in order to avoid reaching that debt limit, or not being able to pay for al ....
irwin joining us with. and kay la, i will start you with. at the windy white house there, as it relates to what we re hearing from the treasury secretary, and from cnbc language, to plain english here, what it means. well, it s significant because the treasury secretary is saying that as of early june, the federal government won t be able to pay its bills anymore. it s allowed by congress to borrow up to $31 trillion and change, but it s going to hit that number next thursday. after that point, treasury is going to be looking under couch cushions to try to finds some additional money. it will be pinching pennies. and it says it will stop contributing or investing into some federal workers retirement accounts, to try to conserve some of that cash in order to avoid reaching that debt limit, or not being able to pay for allies and adversaries that hold the u.s. debt. so certainly the treasury secretary is trying to call on congress and say we need a deal in the coming mo ....
Checks on borrowers, particularly those in financial difficulties, as a report by the regulator is published this morning. I will have more on that a little later. In Sport England are into the semi finals of the european championships. Jodie taylor scored the winner, as the Lionesses Beat france 1 0. And carol has the weather. Good morning. Todays the day of sunshine and showers, especially in central and Northern Areas. They will be fewer and further between them were yesterday. That leads us into a showery start to the week. Good morning. First, our main story thousands of extra Mental Health workers are to be recruited by the nhs in england. The Health Secretary, jeremy hunt, said the aim is to treat an ext ....
On Bbc News At Five. A former royal marine, Ciaran Maxwell, has beenjailed for 18 years for supplying bombs to dissident irish republicans. Plans to recruit an extra 21,000 Mental Health workers in england over the next four years, have been announced by the health secretary. Downing street has insisted that Free Movement of people will end in march 2019, when the uk leaves the european union. And real madrid superstar, Cristiano Ronaldo, has appeared before a court in the city accused of tax fraud. Good evening from Tyne Cot Cemetery in belgium, where commemorations have been taking place to mark 100 years since the start of one of the bloodiest bat ....