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Transcripts For BBCNEWS BBC 20240704

but we know we can make things work better. that is the way we ll open ultimately get the rising living standards we all want to see. you talk about wanting to get that revenue in and increase spending on public services, but your u turn, if we can call it that, or this this moment of that green prosperity plan just sort of indicates the challenges that all political parties face at the moment. many things like the green prosperity plan just can t be costed at the moment. , ., moment. after the disaster of the liz truss mini-budget moment. after the disaster of the liz truss mini-budget and - moment. after the disaster of the liz truss mini-budget and the - moment. after the disaster of the j liz truss mini-budget and the rise liz truss mini budget and the rise in interest rates, we had to change some of those plans. but our plan remains a fundamental part of our offer. it s our national fund and four gigabytes energy to work on the front tier, new technologies in the fut

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Transcripts For BBCNEWS Newscast 20240705

it s james in the studio in westminster. and it s chris in westminster too. so, the reason you were speaking to the labour leader, sir keir starmer, chris, was because he has made a big u turn today. yes. so this is on what he calls his green prosperity plan. this is the idea of throwing quite a lot of public money into kind of turbo charging what he thinks are the kind of industries of the future that might have a kind of green tinge to them. but they re also about, he hopes, providing the well paid jobs of the future, the industries of the future. two and a half years ago, he said labour would spend in government £28 billion a year on that. that was diluted in the summer of last year to £28 billion a year by the second half of a first labour term. so that would be sort of mid 2027, if they were to win the election and only if they thought it was affordable relative to their economic rules. last few weeks, quite frankly, they ve been in a complete mess about it and not rea

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Transcripts For BBCNEWS BBC News 20240707

number of backers. here s our political correspondent helen catt. three potential prime ministers. two of them have officially said they want the job. the former chancellor rishi sunak has confirmed he is running, after getting more than the 100 backers he needs. in a tweet he said he was standing because he wanted to fix the economy, unite the party and deliver for the country. penny mordaunt had already said she was in the race and is the only contender so far to go in front of the cameras. but she wouldn t be drawn on the detail she of the policy she would pursue. you stand b that policy she would pursue. you stand by that what policy she would pursue. you stand by that what you policy she would pursue. you stand by that what you said policy she would pursue. you stand by that what you said a policy she would pursue. you stand by that what you said a couple - policy she would pursue. you stand by that what you said a couple of i by that what you said a couple of we

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Gilt yields near Mini Budget highs after hotter-than-expected UK inflation

Gilt yields have soared to levels not seen since the Mini Budget following the release of worse-than-expected UK inflation data on 24 May.

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