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BBCNEWS World Business Report July 7, 2024

if gas prices keep rising. fuelling controversy. opec slashes production to boost oil prices, sparking an angry reaction from president biden. plus too broke for beauty? women around the world say they are cutting back on cosmetics so how is the industry responding? we ll hear from a top entrepreneur. we start here in the uk, where as you ve been hearing, prime minister liz truss has been presenting her plans to boost the economy in her keynote speech to the conservative party conference in birmingham. she re stated her commitment to lowering taxes just two days after being forced to abandon a pledge to cut income tax for the highest earners. markets remain nervous about the outlook for the uk s finances under ms truss s government after the mini budget statement on september 23rd that sent the pound to a record low and borrowing costs soaring. but she argues the disruption will be worth it. whenever there is change, there is disruption. and not everybody will b ....

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BBCNEWS Breakfast July 6, 2024

cup, the premier league returns. on a busy boxing day with the leaders arsenal looking to go eight points clear of manchester city if they beat west ham. it s going to turn much colder for many as this boxing day, showers around as well, which could turn wintry towards north western areas. all of the details throughout the programme. it s monday the 26th december. our main story. police are appealing for information after a gunman shot dead a 26 year old woman in merseyside on christmas eve. four other people were injured in the shooting in the lighthouse pub in wallasey. merseyside police said it did not believe the victim was targeted. judith moritz reports. late on christmas eve, the lighthouse pub was full of people counting down the minutes towards midnight. it was a lively scene, butjust before 12:00am the pub s neighbours heard a particularly loud noise. i was in bed and i was on phone and i heard a bang, bang, bang, bang fourtimes. i waited, because i thought i ....

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BBCNEWS Outside Source July 7, 2024

and israel election officials confirm benjamin netanyahu and his far right allies as the winners in tuesday s vote he s set to return for a record sixth term as prime minister. the bank of england has warned that the uk is facing its longest recession since records began, as it raised interest rates by the most in 33 years. the 0.75% point rise the eighth consecutive hike takes uk rates to 3%, meaning higher mortgage bills for many homeowners. the bank of england s move matches the us federal reserve s rate hike on wednesday, as central banks around the world battle to combat inflation. here s the bank of england governor. these are big changes. they have a real impact on people s lives. so why are we doing it and why are we doing it now when so many people are struggling with higher energy and food prices and other bills? we are increasing bank rate because inflation is too high. it is the bank sjob to bring it inflation is too high. it is the bank s job to bring ....

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BBCNEWS Review 2022 July 6, 2024

now on bbc news, it s time for review 2022. and one story that s led news bulletins in the uk throughout the year has been rising prices and their impact. victoria valentine along with our team of economics and business correspondents have been reflecting on the causes and consequences of the squeezed economy and the cost of living. when big ben brought in the new year, few of us would have expected the year that was to follow. remember, in 2022 we started off very much in the grip of a global pandemic. who would have thought that another worldwide story would dominate the news agenda? tonight at 10, we are live in ukraine, a country at war, after a huge russian military offensive by land, sea and air. prices quickly rose to their fastest rate in over a0 years, and inflation touched everything, from our household bills to our wages and our hopes for the future. the global economy was already suffering from a long covid, with hold ups in supply chains causing headach ....

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BBCNEWS BBC News July 7, 2024

liz truss insists she s the right person to stay in number ten, but labour say the government is in meltdown. well, this is a tory crisis created a downing street but being paid for by ordinary working people. welcome to downing street, where, less than 2a hours after kwasi kwarteng insisted he was 100% safe in his job as chancellor, he has gone sacked by liz truss after he flew back early from washington for crisis talks. three weeks of turmoil on the financial markets has culminated in the prime minister announcing a second major u turn on her economic plans for growth corporation tax will now rise in april after all. she has sacked the chancellor and named a new one jeremy hunt the fourth this year. at a very short press conference this afternoon, liz truss was repeatedly asked about her credibility as prime minister and why she was remaining in the job. let s take a listen to what she had to say. we have seenjeremy hunt come in and out of number ten. that was just ....

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