we begin here in the uk, where the institute for fiscal studies is warning the chancellor big and painful spending cuts will be needed to put the country s finances on a sustainable path. the independent think tank predicts with a weaker economy and promised tax cuts, there will be a large shortfall in revenue. it calculates the government would have to spend £60 billion a year less by 2026 27. the treasury says its tax cuts and reforms would deliver sustainable funding for public services . more for public services . detail on that on october sist. joining me now is janet mui, head of market analysis, rbc brewin dolphin. they have quite a lot of detail as to why they believe the government will not have the money it needs to go ahead with plans? money it needs to go ahead with lans? ., ., ., plans? thanks for having me, first of all plans? thanks for having me, first of all before plans? thanks for having me, first of all before the - plans? thanks for having me, firs
One reason for the fall in the unemployment rate is a rise in the number of people who are no longer looking for work, and so not counted in the figure. they are called in active stop. chris gray is director of manpowergroup uk. the unemployment number for august, what are we likely to see? , ., ., ., , see? good morning, it is pointing see? good morning, it is pointing to see? good morning, it is pointing to a see? good morning, it is pointing to a loosening l see? good morning, it is- pointing to a loosening labour market, but it s still quite tight, my anticipation of the unemployment number is that it will probably remain about the same and go up a little bit as you mentioned earlier, we are expecting a downward trend on vacancies, real pay will still continue to be squeezed, what s interesting with the real pay period, which runs from in this