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BBCNEWS World Business Report July 7, 2024



struggling with symptoms. let s start here in the uk, where the new chancellorjeremy hunt has ditched almost all of prime minister liz truss tax cuts announced in the government s mini budget three weeks ago. the financial markets reacted positively to the news, with the pound rising against the us dollar and uk gilts falling. in total £32 billion of the £45 billion in tax cuts have been shelved, these include. the planned 1p cut in the basic rate of income tax is now on hold indefinitely, with the rate remaining at 20%. the cap on energy prices charged to households is now only guaranteed until april next year. for a typical household, it means an annual bill will not rise above £2,500 for the next six months. but plans to cancel the 1.25% increase in national insurance contributions will still go ahead, along with a reduction in stamp duty, and the cap on bankers bonuses will still be scrapped. joining me now is chris southworth, who s the secretary general of th ....

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BBCNEWS BBC World News July 7, 2024

and karim benzema of real madrid and france is crowned the world s best footballer for the first time. hello and welcome. britain s prime minister liz truss says she will not be stepping down as prime minister, despite her premiership hanging by a thread in the aftermath of the mini budget. in an interview with the bbc, ms truss apologised for what she called mistakes over the past six weeks but she insisted she would lead the conservatives into the next general election. but her insistence hasn t dampened down talk of her leaving office, with one backbench mp saying well, we ll have to see when asked about her future. here s our political correspondent, jonathan blake. inside number ten last night, after a day in which her programme for government was largely scrapped, liz truss sat down for an interview and offered an apology. i do want to accept responsibility and say sorry for the mistakes that have been made. i wanted to act, to help people with their energy bills, t ....

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