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% in 2025
get on touch with me on twitter. a man is due in court this morning charged with the murder of nine year old olivia pratt korbel. another man is charged with assisting an offender. the king and queen consort will undertake their firstjoint public engagements today since the end of the period of royal mourning for the queen. an investigation s underway after at least 125 were killed in a crush at a football match in indonesia one of the world s worst stadium disasters. no outright winner in the brazilian election left wing candidate luiz inacio lula da silva and right wingerjair bolsonaro will go to a second round run off. the man who makes his living from doodling talks to us. good morning. the government has this morning performed a huge turn and abandoned its plan to scrap the 45 pence top rate of income tax. the announcement from chancellor kwasi kwarteng came just a day after the prime minister liz truss backed the policy. in a statement, mr kwarteng said the
welcome to morning joe. it s wednesday, september 14th. a lot to cover this morning with joe, willie and me. u.s. stocks tumble as consumer prices continue to rise as president biden celebrated the inflation reduction act. yesterday at the white house. we ll look at the next possible steps to help bring down costs for americans. plus, russian forces in retreat as ukraine keeps up the pressure. is this a turning point in the war? president biden says it s hard to tell. queen elizabeth returns to london. her coffin arriving at buckingham palace yesterday and will be carried by horse-drawn carriage to parliament later this morning where she will lie in state before monday s funeral at westminster abbey. we re following the latest on the trump records case. new information unsealed by a federal judge concerned that some government records may still be unaccounted for, and a warning from the doj about delaying its investigation. plus, lindsey graham takes an already comp
Hello, im ben thompson. Youre watching the context on bbc news. British Prime Minister rishi sunak launches the conservative Election Campaign after calling a snap General Election forjuly fourth. So we begin with The Big Story of the day here in the uk news that the Prime Minister rishi sunak has announced a General Election will be held onjuly fourth. Lets speak to my colleague Geeta Guru Murthy whos in Downing Street. You have been following the story of the day. Farcical at some point in the day. Farcical at some Point In The Rain with the loud music but the conservatives and rishi sunak launching his campaign in somewhat dryer circumstances a bit later in the evening, focus or what went on today. The evening, focus or what went on toda. ~ ,. , the evening, focus or what went on today. Absolutely, an extraordinary few hours, today. Absolutely, an extraordinary few hours. Just today. Absolutely, an extraordinary few hours, just to today. Absolutely, an extraordinary few hours, just
And European Council president , charles michel, for the 27th eu us summit at the white house later today. At the summit the eu is expected to try to lessen the impact of the us Inflation Reduction Act and its subsidies for electric vehicles. Theres also expected to be focus on ways to tackle global overcapacity of steel and aluminium and to promote Sustainable Production in a move against chinese steelmakers. Also on the agenda will be the Global Clean Energy economy, secure and resilient supply chains, digital infrastructure, ai and economic resilience. There is a lot for them to discuss. Joining me now from brussels is ian lesser, Vice President and executive director, at the German Marshall Fund of the United States. A warm welcome to the programme. Quite a significant agenda for those three leaders. First off, could you take us through the Inflation Reduction Act . ~. ,. , act . Well, the Inflation Reduction Act . Well, the Inflation Reduction Act act . Well, the Inflation Reducti