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BBCNEWS Politics Live July 6, 2024

criticising the small boat policy, resulting in him being taken off air for breaching bbc guidelines. he accused rishi sunak of not standing up accused rishi sunak of not standing up to what he called keir starmer, snowflake conservative mps who he said wanted to cancel gary lineker for criticising the government and saying so publicly. he then questioned why it was that rishi sunak s former boss, the chairman of the bbc, a conservative donor, richard sharp, was still in his position, asking if it was still tenable when there had been allegations about a conflict of interest in terms of trying to facilitate a loan for the conservative prime minister, boris johnson. that was pmqs. let s have the statement from jeremy hunt. madam deputy speaker, in the face of enormous challenges, i report today on a british economy which is proving the doubters wrong. in the autumn, we took difficult decisions to deliver stability and sound money. since mid october, and your guilt rates have f ....

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BBCNEWS The Context with Christian Fraser July 6, 2024

welcome to the programme. it was budget day here in britain today. a big set piece annual event in which the chancellor stairs into the crystal ball, and tries to predict the future and how best to steer the uk economy through it. the obstacles in his way are common to europe and the united states. high inflation, higher interest rates, and since the pandemic, an intractably acute labour shortage. this graph trackjob vacancies across europe since august 2022, historically high after the pandemic, but you will see the uk, the red line at the very top, is struggling more than most. with 1.1 million vacancies. if more people are employed, more people are paying tax. the good news for the chancellor is that the uk will swerve recession this year thanks to growth returning by the summer. but the economy will still contract by 0.2%. and any brighter news, is tempered by slower growth over the long term. mr hunt said the uk would only grow by 1.8% next year and byjust 2.5% i ....

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BBCNEWS Outside Source July 6, 2024

and his supporters. we start with the troubled global banking sector. european markets have closed down more than three percent, spooked by a major sell off of shares in the swiss banking giant, credit suisse. coming days after the collapse of us based silicon valley bank, it s prompted fears of a full blown crisis in the sector. let s take a look at the damage at the close in europe today. shares in credit suisse plunged to a record low, falling 24%. that came after its biggest investor said it could not give the bank any more financial help. here in the uk, the insurer prudential tumbled 10%, and the high street bank barclays, 8%. the plunge by banking stocks left london s ftse 100 down almost 4% at its lowest level this year. it was the index s worst one day performance since the start of the covid 19 pandemic. taking a closer look at credit suisse today was the second day of sharp falls for its shares after the swiss bank yesterday disclosed that its auditor had i ....

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BBCNEWS Politics Live June 4, 2024 12:34:00

For growth. notjust the growth that comes when you emerge from a downturn, but long term, sustainable, healthy growth that pays for our nhs and schools, finds jobs for young people and provides a safety net for older people, all while making our country one of the most prosperous in the world. prosperity with a purpose. and that is why growth is one of the prime minister s five priorities for our country. i delivered that today by removing obstacles that stop businesses investing, by tackling labour shortages that stop them recruiting, by breaking down barriers that stop people working and by harnessing british ingenuity to make as a science and technology superpower. i start with the forecasts produced by richard hughes on his team at the independent office for budget responsibility, who i thank for their diligent work. ....

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BBCNEWS Outside Source June 4, 2024 20:10:00

The uk s post pandemic economic recovery has been sluggish. as we can see from this graph, it s the only g7 economy that is still smaller than before the covid pandemic, even after growing 4% last year. here s mr. hunt on how he plans to change that. i delivered that today by removing obstacles that stopped businesses investing, by tackling labour shortages that stop them recruiting, by breaking down barriers that stop people working and by harnessing british ingenuity to make us a science and technology superpower. so as we ve heard mr. hunt wants to boost productivity by getting people back into the workplace. with incentives like extended childcare and changes to pension tax. the cost of childcare in the uk is among the most expensive in the world, third only to switzerland and new zealand. at the moment, the average full time nursery place ....

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