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
Access cash for bonds, that has access cash for bonds, that has a timeline it will end on november ten, a timeline it will end on novemberten, i a timeline it will end on november ten, i think the markets arejust nervous november ten, i think the markets are just nervous these programmes are good and supportive but they will end at some point and eventually the bank of england will go back which could lead to high gilt rates. , ., ,., rates. there is a full report on our website rates. there is a full report on our website about - rates. there is a full report on our website about what| rates. there is a full report i on our website about what the ifs is wanting, its calculation, you can read that detail and i have tweeted that story as well. staying with the uk, the unemployment figures for august will be published in little over an hour. looking back, although the unemployment rate fell to 3.6% in the three months tojuly, the lowest since 1974, the employment rate and number of vac
belinda, how far did they go in addressing some of the concerns and questions that you have still? they didn t go very far. again, it s another frustration because we were asking what their plans were, and all they kept telling us is they re w working on this and working on that, but they weren t specific as to what they were working on. they did say they were working on certain on getting the fences and getting locks, new locks, new doors, but they didn t give us a timeline, they didn t give us what their what exactly they were planning to do. a lot of the questions that were asked as far as the virtual or any kind of questions that we asked, they kind of won t around it saying they were working on it and that they expected things to be done by the time kids went back to school. so all of us just all in