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a very warm welcome to the programme. we begin here in the uk. it is the morning after that budget. the chancellor has insisted his first budget is transformational and will get people back into work. jeremy hunt set out major changes to pensions and benefits, as well as an expansion of free childcare in england, all designed to boost economic growth. the new pension tax rules will allow higher earners to save more into their pensions, tax free. the opposition labour party has said it s the wrong priority for the wrong people. emma simpson reports. at this nursery in south east london working parents like charlie love the idea of 30 hours of free childcare for those nine months and over in england. her daughter, dorothy, will hopefully qualify. will hopefully qualify. other to - line, will hopefully qualify. other topline, ecstatic, will hopefully qualify. other topline, ecstatic, i ve - will hopefully qualify. other topline, ecstatic, i vejust i topline, ecstati ....
hello and welcome to bbc news. banks and governments around the world are nervously watching the european markets to see if the crisis surrounding credit suisse will develop into a global banking crisis. so far the markets seem reasonably calm with shares in credit suisse rising almost 30% after the swiss national bank gave it a lifeline. and other stocks are up too. but there are concerns that a potential interest rate rise later on thursday by the european central bank could add further volatility to the situation. earlier our business presenter sally bundock explained why the situation at credit suisse was notjust important to the financial community but to all of us: a real worry about credit suisse. if that bank, which is 160 odd years old in switzerland, were to fail, it could have the same effect that the lehman brothers collapse had in 2008, which is it brings a huge amount of fear within markets about the stability of other banks. so people therefore act very q ....
hello and welcome to bbc news. banks and governments around the world are nervously watching the european markets to see if the crisis surrounding credit suisse will develop into a global banking crisis. so far things seem reasonably calm with shares in credit suisse rising almost 30% after the swiss national bank gave it a lifeline. but there are concerns that a potential interest rate rise later on thursday by the european central bank could add further volatility to the situation. earlier our business presenter sally bundock explained why the situation at credit suisse was notjust important to the financial community but to all of us: a real worry about credit suisse. if that bank, which is 160 odd years old in switzerland, were to fail, it could have the same effect that the lehman brothers collapse had in 2008, which is it brings a huge amount of fear within markets about the stability of other banks. so people therefore act very quickly and remove their funds from ....
will be finding out what people make of the chancellor s announcement. there s big changes to pensions to encourage people like doctors to stay in work butjeremy hunt s plans prompt accusations his budget favours the rich. check before you travel. rail workers in the rmt union take part in another strike in their discpute over pay, jobs and working conditions. no miracle in madrid for liverpool as they lose their second leg against real and are knocked out of the champions league humbled 6 2 on aggregate. and we hear from kate middleton s childhood piano teacher, who s written a song for the nation to sing on king charles s coronation day. good morning. a much milder day for most of us today, compared to yesterday, but it is going to be cloudy with some showers, and longer spells of rain at times. the chancellor, jeremy hunt, insists his budget will get people back to work and won t just benefit the rich saving for retirement. his comments come after labour criticised his pla ....