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a very warm welcome to the programme. we begin here in the uk. it is the morning after that budget. the chancellor has insisted his first budget is transformational and will get people back into work. jeremy hunt set out major changes to pensions and benefits, as well as an expansion of free childcare in england, all designed to boost economic growth. the new pension tax rules will allow higher earners to save more into their pensions, tax free. the opposition labour party has said it s the wrong priority for the wrong people. emma simpson reports. at this nursery in south east london working parents like charlie love the idea of 30 hours of free childcare for those nine months and over in england. her daughter, dorothy, will hopefully qualify. will hopefully qualify. other to - line, will hopefully qualify. other topline, ecstatic, will hopefully qualify. other topline, ecstatic, i ve - will hopefully qualify. other topline, ecstatic, i vejust i topline, ecstati ....
hello and welcome to bbc news. banks and governments around the world are nervously watching the european markets to see if the crisis surrounding credit suisse will develop into a global banking crisis. so far the markets seem reasonably calm with shares in credit suisse rising almost 30% after the swiss national bank gave it a lifeline. and other stocks are up too. but there are concerns that a potential interest rate rise later on thursday by the european central bank could add further volatility to the situation. earlier our business presenter sally bundock explained why the situation at credit suisse was notjust important to the financial community but to all of us: a real worry about credit suisse. if that bank, which is 160 odd years old in switzerland, were to fail, it could have the same effect that the lehman brothers collapse had in 2008, which is it brings a huge amount of fear within markets about the stability of other banks. so people therefore act very q ....
majority of workers, they have the most votes in this. if they get behind us, then this could get through. if other small unions don t recommend this, for example unite, that might not matter. at this stage it s not clear whether all the unions are going to recommend this offer to their membership. my sense is that the unison, gmb unions will probably get behind this. but it s a big question whether the membership are going to think that is good enough. there is a lot of anger out there. and why is it a sense of suddenly more serious talks now? i was interviewing a key union leaders fought some time, so be it for them, it was completely obvious obvious, that they were offering olive branches to the government that were not being taken up. what changed? that were not being taken up. what chanced? ~ , ., ~ that were not being taken up. what chanced? ~ , ., ,, . changed? why do we look like we re closer to a hat changed? why do we look like we re closer to a hat deal ....
This is bbc news. the latest headlines: the british finance minister says his first budget will promote growth and get more people back to work labour accused him of sticking plastic politics. credit suisse plans to borrow more than $50 billion to shore up its finances after shares hit rock bottom on wednesday. the leaders of south korea and japan are holding theirfirst summit in 12 years, as they seek to set aside historic animosities. the talks will likely focus on regional security and north korea and comes hours after the north koreans launched an intercontinental ballistic missile which landed outside japan s territorial waters. joining me live in seoul is our correspondent jean mackenzie. also i m joined by shaimaa khalil, our tokyo correspondent. ....
If you re in the uk, we ll be answering your questions on the budget. at 3.30 today, we ll be joined by kevin peachey, our cost of living correspondent and shannon pite from the early years alliance, which represents childcare providers in england. do get in touch using the hashtag bbcyourquestions or email [email protected] european markets rally after the swiss national bank bails out credit suisse to save it from collapse. the leaders of south korea and japan meet for the first time in 12 years, seeking to set aside historic differences. the leaders of south korea and japan are holding theirfirst summit in 12 years, as they seek to set aside historic animosities. ....