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That s going to put an extra thousand pounds in millions of people s pockets. we also cut the universal credit table rate, that s cutting taxes for those on the lowest incomes. these are all calculations for the uk government to make, and there are many other governments facing similar decisions. the us saw a 29% increase in energy costs last year. in germany they went up by 18%. the uk, though, may see energy price rises of 50%, and an academic called professor dieter helm argues this could ve been avoided. he wrote a report for the government about energy security four years ago. it s not rocket science. there were a series of reforms which needed to be made. if we d just got on with that and put those reforms in place from my cost of energy review, the cost of energy would not be the crisis it is today. the government would refute this. as we ve heard, it calls this a global phenomenon, and as it wrestles with what to do about the rising cost of living, so too are many families. ....
The cost of energy would not be the crisis it is today. the government would refute this. as we ve heard, it calls this a global phenomenon, and as it wrestles with what to do about the rising cost of living, so too are many families. we were hoping that this year was going to be the year when we could, you know, get back out and go on holiday and stuff, and if these price hikes are going to continue, i don t think that s.laughs, that s going to be an option u nfortu nately! hello. if you want to sum up the weather for the week ahead, wendy would do it. saturday, we saw storm malik producing things like these and throughout the week ahead the wind will be a notable feature and monday potentially bringing the strongest of the wins thanks to storm corrie, which has been deepening in the atlantic, approaching the north of scotland ....
Let s start in the us, because after months of speculation, joe biden has nominated jerome powell for a second term as fed chair. the role is known as the most powerful economic position in the world and the financial markets initially reacted positively to the announcement, with the s&p 500 hitting a record high before retreating. lael brainard will be vice chair of the central bank as it wrestles with high inflation which, if it lasts, could play a pivotal role in congressional elections next year. the bbc s michelle fleury has more from new york. four years ago president trump backed tradition by appointing jerome powell instead of re nominating janet yellen to become chair of the us federal reserve. he ....
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