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in the uk are at an all time high as country. its lowest ever now we have the round up of the business news and one of those headline stories you are concentrating on. welcome to the programme. yes, on course for stronger than expected recovery. that is the assessment from the international monetary fund on the state of the global economy in its latest world economic outlook update. the imf predicts that global growth of 3.1% this year and slightly higher growth in 2025. it also says that inflation is declining faster than expected because many supply chain problems caused by the pandemic have now been resolved. the imf has, however, issued a warning to the uk government not to cut taxes any further and suggested that treasury percent planned spending cuts for this year were unrealistic. earlier i spoke to the imf s chief economist and i asked him what his concerns were over the uk cutting those taxes. ~ , ., taxes. well, first, for the uk, we are seeing taxes. well, ....
over 3% in december. we spoke to investment manager shanti kelemen. she told us the fall in shop prices is a positive development, as the bank of england weighs up when it can start cutting the cost of borrowing. i think it s absolutely good news. i mean, one quirk of psychology is that even though inflation isn t going up because prices arejust sort of constant, it might not feel a lot better because the price is still higher than it was two years ago. with the changes and how people are expecting the future to unfold, the interest rates people pay our mortgages have already fallen a bit, similarly the rates the government is paying for borrowing are also coming down a bit from last year, so that in itself will provide a little bit of relief, even before the bank of england changes interest rates. but will that downward trend in shop price inflation continue? we all know about the supply chain disruptions in the red sea. and the picture could be further complicated fro ....
hello, i m christian fraser. you re watching the context on bbc news. the scottish national party puts independence and the nhs at the centre of its general election promises to voters. one of the snp s key pledges today one that you will not hear from any other party were scotland independent then they would rejoin the eu . and the first minister was not mincing words. brexit he said has been a disaster for scotland has wiped billions of pounds from the scottish economy, has pushed up food prices starved our public services of cash and talent. in scotland of course where they voted to remain, europe is a wedge issue, and john swinney s language is quite the contrast with the messaging we are getting from labour and the conservatives. keir starmer is loath to mention it, in case he upsets the vote in the red wall seats. in an independent scotland we could be back in the eu for the first time as an equal member in our own right. we will be part of the huge single market ....
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