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Transcripts For BBCNEWS Outside Source 20240707

continues, the bank of england is forced to step in again. let s start with the war in ukraine we ve seen a second day of russian missile strikes across the country. have a look at this map. it shows all the places that have been hit since monday morning. we ll take a closer look at the damage done in a moment. but first, let s look at the international response. an emergency meeting of g7 leaders that s the group of rich countries has warned russia that irresponsible nuclear rhetoric is threatening global peace. ukraine s president, volodymyr zelensky, had this message. translation: i ask you to increase yourjoint efforts to help financially to create the air shield for ukraine. millions of people will be grateful to the group of seven. now this is the statement issued by the g7 after its meeting. these pictures released earlier by the russian ministry of defence show a little of what s been going on. more cruise missiles launched what they describe as a massive

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Transcripts for BBCNEWS BBC News 20240604 13:29:00

Government needed to spend some money on some form of energy price 93p- money on some form of energy price gap. what was the problem in the mini budget was that on top of those targeted measures to those households, there was this enormous giveaway for everybody else and that really was going to make the bank of england sjob harder. you are trying to tackle inflation which means higher interest rates but also help households while not having a recession. it s a tough challenge but they did not look like they were recognising the trade offs involved. the cbi said on radio four that one of their representatives feared the results of the jeremy hunt of their representatives feared the results of thejeremy hunt economic plan and there is a danger you get into what he described as a sort of spiral of decline, whereby you are cutting investment spending, because you are trying to balance your books but at the same time inflation is eating into the value of what money you do spend and you hav

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