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BBCNEWS The Context with Christian Fraser July 6, 2024



welcome to the programme. it was budget day here in britain today. a big set piece annual event in which the chancellor stairs into the crystal ball, and tries to predict the future and how best to steer the uk economy through it. the obstacles in his way are common to europe and the united states. high inflation, higher interest rates, and since the pandemic, an intractably acute labour shortage. this graph trackjob vacancies across europe since august 2022, historically high after the pandemic, but you will see the uk, the red line at the very top, is struggling more than most. with 1.1 million vacancies. if more people are employed, more people are paying tax. the good news for the chancellor is that the uk will swerve recession this year thanks to growth returning by the summer. but the economy will still contract by 0.2%. and any brighter news, is tempered by slower growth over the long term. mr hunt said the uk would only grow by 1.8% next year and byjust 2.5% i ....

Christian Fraser , Spring Budget , Bbc News , 1 Million , Jeremy Hunt , Trade Deals , Justine Greening , Ameshia Cross , Asia Pacific , Chancellor Stairs , Big Set Piece , Crystal Ball , United States , Interest Rates , Labour Shortage , Graph Trackjob , Red Line , August 2022 , 0 2 , 2 5 , 2025 Compare , 1 8 , Prime Minister , Here Isjeremy Hunt Setting , Labour Shortages , Prominent Roll In Committee Hearings ,

Ivory Coast Cites Progress Tracing Cocoa As EU Deforestation Law Looms

Ivory Coast said it has handed out electronic cards that allow for the tracking and tracing of cocoa to nearly three-quarters of farmers. ....

Coted Ivoire , Noord Holland , Ivory Coast , Yves Brahima Kone , Ibrahima Kone , Deforestation Law ,

EU begins applying the Carbon Mechanism on seven imports with surcharges to 20% to 35%

The European Union has been proactive in pressuring its trading partners to adhere to its domestic greenhouse gas emissions reduction goals, primarily rooted in protectionism. First, with the imposition of the Deforestation Law last June. Now, with the adoption of the Carbon Border Adjustment Mechanism (Cbam), Brussels subjects imports of seven inputs to surcharges of 20% to 35% if production exceeds its environmental limits. Brazil is among the top ten potentially most affected exporters, especially in the iron and steel sectors. ....

South Africa , Bruxelles Capitale , World Trade Organization , European Union , Carbon Mechanism , Carbon Border Adjustment Mechanism , Deforestation Law , United Nations Conference ,