we begin here in the uk, where the institute for fiscal studies is warning the chancellor big and painful spending cuts will be needed to put the country s finances on a sustainable path. the independent think tank predicts with a weaker economy and promised tax cuts, there will be a large shortfall in revenue. it calculates the government would have to spend £60 billion a year less by 2026 27. the treasury says its tax cuts and reforms would deliver sustainable funding for public services . more for public services . detail on that on october sist. joining me now is janet mui, head of market analysis, rbc brewin dolphin. they have quite a lot of detail as to why they believe the government will not have the money it needs to go ahead with plans? money it needs to go ahead with lans? ., ., ., plans? thanks for having me, first of all plans? thanks for having me, first of all before plans? thanks for having me, first of all before the - plans? thanks for having me, firs
Their innovations. from my point of view floriade - their innovations. from my point of view floriade can l point of view floriade can inspire, countries and governments to do more and take this climate crisis very seriously, the theme and topic of regenerative energy, has invited this type especially want to showcase solutions for future. that want to showcase solutions for future. . future. at a time when the netherlands future. at a time when the netherlands is future. at a time when the netherlands is around - future. at a time when the - netherlands is around countries being encouraged to tighten their belts, spending is under scrutiny, and much focus has been on the fact floriade has gone over budget for the fourth decade running. this is one of the cable cars that let s visitors get a birds eye view and this year the plan is for some of these innovations to remain in place in the hope they can have a positive impact on the urban district they occupy for the last six months
China off from certain semiconductors made anywhere in the world with us equipment. the world s biggest flower show, held once a decade, has largely failed to blossom. figures show the floriade, which has just closed, made a loss of approximately 100 million euros for the local authority in the netherlands. dutch media is referring to it as the flopped floriade . reviews have been dismal, the cost of living crisis and covid have kept a cautious public and tourists away. our correspondent anna holligan has been speaking to those behind the scenes who, despite the disappointing turnout, are trying to focus on the bright side. the forecast was for 2 million visitors. in the end not even half that number came stop. i am concerned about the structure of the floriade. i5 structure of the floriade. is