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BBCNEWS BBC News July 7, 2024

are products already there but they come and go and we want to make sure there is a ready stream of such products for the people who need them. as well as all the other initiatives i mentioned just now. on what rishi sunak and myself are talking about on fiscal measures, i m sorry to say that you are going to have to contain your impatience and reducing income tax to 2p, not even on the back benches of the tory party, nobody has yet proposed that to me, but we, i know and i think everyone knows, that because of covid we had a massive fiscal shock and it was because of the strength of the economy that we were able to look after people and we still are. we just want to make sure that as we come out of it, we keep things strong and take sensible steps but of course as i think i said a couple of course as i think i said a couple of times, we are strongly inclined to stimulate further growth and productivity with tax cuts as and when they become sensible. mason boycott of the dail ....

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BBCNEWS BBC News July 7, 2024



across the uk were left without electricity after storm are last year. measuring more than ten metres long with two legs in the face of a crocodile, remains of europe and biggest land dinosaur are discovered on the isle of wight. remains of europe us. two british men captured by russian forces in ukraine have been sentenced to death by an unrecognised court in donetsk, the territory held by pro russian rebels. aiden aslin and shaun pinner were fighters in the ukrainian military who were captured in april in mariupol. yesterday, footage shared on social media by russia s state run news agency appeared to show the pair pleading guilty in court to training in order to carry out terrorist activities . a third man, believed to be a morroccan national, was also seen next to them in the dock. the uk government has said it is deeply concerned following the death sentences handed to the britons. speaking to the bbc in the past hour, the mp for aslan s family, robertjenrick ....

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BBCNEWS BBC News June 4, 2024 16:12:00

Whenever we go to the pumps. but that pain is much, much worse for the lorry industry, on whom we all depend, because everything we get in britain comes on the back of a truck. and if our costs are going up, then inflation will increase, because we are talking about companies with very small profit margins, typically around 3%. they simply can t afford to do anything other than pass on their costs, and fuel inflation is the result. the chancellor rishi sunak did announce some help for motorists in march. today, i can announce, for only the second time in 20 years, fuel duty will be cut. not by one, not even by two, but by 5p per litre. but the rac says, since then, wholesale petrol costs have increased by five times that amount. the vat is something ....

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BBCNEWS BBC News June 4, 2024 13:15:00

Then inflation will increase, because we are talking about companies with very small profit margins, typically around 3%. they simply can t afford to do anything other than pass on their costs, and fuel inflation is a result. the chancellor rishi sunak did announce some help for motorists in march. today, i can announce, for only the second time in 20 years, fuel duty will be cut. not by one, not even by two, but by 5p per litre. but the rac says since then, wholesale petrol costs have increased by five times that amount. the vat is something within the chancellor s grasp to do, and i think something should be done there because it is unfair that drivers are paying 30p a litre in vat. but when you look at it, the chancellor is probably still collecting more tax than before the duty cut, ....

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BBCNEWS BBC News June 4, 2024 16:13:00

Within the chancellor s grasp to do, and i think something should be done there because it is unfair that drivers are paying 30p a litre in vat. but when you look at it, the chancellor is probably still collecting more tax than before the duty cut, because of the increase in vat, going up by more than 5p per litre. after the last peak in the oil price, a big expansion of shale oil production boosted supply, bringing down the oil price. but that took five years. many of today s hard pressed households can t afford to wait that long. andy verity, bbc news. and i asked andy whether fuel prices are likely to rise further. that is the prediction at the moment, yes, i m afraid it is. if you look at the crude oil price, as i was saying, it is most of what is driving it, goldman sachs for example is predicting that will go up from the current level of $123 per barrel for crude oil to about $140 in the summer, because that s when the ....

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