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Transcripts For BBCNEWS Newsnight 20240704

Todays budget might have left you with a bit more money in your pocket but some of the Public Services you rely on will face big Spending Cuts. So is it a vote winner . Mr chancellor of the exchequer. Cheering it was the last Spring Budget before the next election. Tonight well interrogate Whyjeremy Hunt made the announcements he did. And interrrogate one of his treasury ministers. Overall, the tax burden is going up. Correct . The tax burden is still too high, overall. Absolutely. And its going up . Well also talk to labours Campaign Chief. Well talk live to representatives of business and Public Sector workers and our Politics Panel is here to help us decode it all and tell us when we might be going to the polls. Todays was a budget that was as much about what comes next as about what comes now. Theres another 2p cut in National Insurance that will kick in soon but theres also the growing realisation that whoever wins the next election, they will face a daunting choice either oversee

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Transcripts For BBCNEWS BBC News at One 20240707

the ukrainian fighters who defended the mariupol steelworks until they had to surrender to russia we hear the story of one of them on his release. when i look at this, it actually reminds me of me, because it s the exact same as my glasses. and the young people hoping to see more emojis that look like them. and coming up on the bbc news channel, liverpool s 7 1 champions league win at rangers might be the result that galvanises them after a poor start to the premier league season, withjurgen klopp saying it s lifted the mood. good afternoon and welcome to the bbc news at one. downing street is insisting this lunchtime there will be no further u turns, despite pressure intensifying on the prime minister to rethink her tax cutting plans following last month s mini budget. last week, the government abandoned its plan to abolish the 45p rate of tax for top earners. but senior conservatives have continued to voice grave concerns at liz truss s tax cutting agenda without explaini

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Transcripts For BBCNEWS BBC News 20240707

the nurse accused of murdering babies, wrote i killed them on purpose because i m not good enough on a post it note. ukrainian fighters who surrendered after weeks of sheltering under a steelworks, we have spoken to one who been released. former culture minister will chair a new body to examine returning the elgin marbles to greece. they are currently displayed in the british museum. good afternoon and welcome to bbc news. liz truss is coming under more pressure from some of her own mps to rethink her tax cutting plans following last month s mini budget. it comes after the goverment last week abandoned its plan to abolish the 45p tax rate for top earners. but senior conservatives have continued to voice grave concerns at liz truss s tax cutting measures without explaining how she will balance the books. one mp last night accused the prime minister of trashing blue collar conservatism . downing street says its policy is the right one for growth. our political correspondent

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Transcripts For BBCNEWS The Context with Christian Fraser 20240707

a breach of the minesterial code. tonight with the context, the spectator s deputy political editor katy balls and the republican strategist doug heye. hello, welcome to the programme. we have lived through an era of record low interest rates. for years, it was cheap to borrow, while the money put away in savings accounts earned us very little in return. but things are changing. today, the us federal reserve set out an increasingly aggressive approach to monetary policy as it confronts the highest inflation in the united states forfour decades. in the last hour, it raised interest rates by 0.75% which is the biggest jump in rates since 1994. and that has implications for all of us. here s the chair of the federal reserve, jerome powell. the current picture it s plain to see. the labour market is extremely tight, and inflation is much too high. against this backdrop, today the federal open market committee raised its interest rate by 0.75% in anticipation of ongoing increases

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