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BBCNEWS World Business Report July 7, 2024

hello there. we start here in the uk, where the two rivals vying to become the next prime minister have been setting out their contrasting economic plans and attacking each others . foreign secretary liz truss, currently the favourite to win, has suggested her party s economic policy has been wrong notjust under her rival, former chancellor rishi sunak, but for its entire period in power. ms truss said the past two decades had failed to deliver growth and promised billions of pounds in immediate tax cuts. we ve got the highest taxes for 70 years. we ve got lower debt than the united states, than japan, than canada. no other countries are raising taxes and the oecd countries are raising taxes and the 0ecd has described our current policy as contractionary and contractionary, it essentially means policies that lead to a recession. so what i want to do is increase tax revenues by growing the economy, not choke off growth by raising taxes. mr sunak has been restating his pl ....

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BBCNEWS World Business Report June 4, 2024 04:41:00

Natural gas supplies from russia, in particular, and in a sensejust the fact russia, in particular, and in a sense just the fact that having an election, i think, is not ideal at this moment. with a functioning government at this critical moment, as i said, the budget, for example, will probably be delayed until next year and there s about 1% of gdp worth of european funding thatis gdp worth of european funding that is due at the end of the year which is now coming under threat. all of this adds to the rest when italy will enter a recession in the coming months. it s worth saying that italy is the biggest recipient of the eu s and any recovery fund with billions in grants and loans and all of that is tied to reforms covid recovery fund. how likely will bring be able to deliver on those reforms and get access to the money that it needs? ., , get access to the money that it needs? . ,.. .,, needs? indeed, that is actually one of the needs? indeed, that is actually one of the major ....

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