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threatens a french institution the baguette. we find out how many of the country s 35,000 bakeries will survive. good to have you with us. it s that time of year when the global elite gather in the swiss alpine ski resort of davos. the theme for the world economic forum is cooperation in a fragmented world, and top of the agenda will be the global economy which according to the world bank is perilously close to falling into recession . it expects the world economy to grow byjust 1.7% this year. what can the global leaders do who are gathered in davos? critics argue it s a talking shop that rarely leads to significant change in solving the worlds problems. brian coulton is chief economist at fitch ratings. brian, good morning to you. when we look at the official agenda for davos, the list is long. there is an awful lot to discuss, but when it comes to the state of the global economy, that will dominate, won t it? it economy, that will dominate, won t it? ~ , won t it? it
wherever you arejoining me from around the world, once again a big hello and a warm welcome to the show. you know, we have seen lots of massive disruptions to the global economy in the last few years. the pandemic shut the world down and now war and sanctions are driving prices up. but before covid, the world of workers was going through another disruption and a digital one at that. technology companies were launching platforms like uber, justeat and deliveroo where people could work for less than an hour if they chose, rather than sign contracts for work for years. companies worth billions have been created leaving regulators and competitors running to catch up. statistics in this sector are difficult to come by. one american survey found that one in three workers in the united states are now freelance and their numbers the great resignation, following the pandemic. in india an official government think tank thinks there will be more than 23 million workers in the gig econom
hello and welcome if you re watching in the uk or around the world. an independent think tank in britain says the uk government s mini budget is likely to leave the vast majority of taxpayers worse off. the chancellor kwasi kwarteng s package of measures include scrapping the top rate of income tax for the highest earners and reducing the basic rate by a penny. the institute for fiscal studies says that only those with incomes of more than 155,000 will be net beneficiaries over the current parliament. ben king reports. here in reading and around the uk, people feel like they could do with a boost. bills are going up and interest rates are rising. across the country as a whole, the economy has been growing too slowly. and the chancellor has come up with a very bold solution tax cuts worth billions of pounds. he plans to cut the basic rate of income tax to 19p and the pound in england, wales and northern ireland next april and abolish the 45p top rate of tack for people ear
Hello, im christian fraser. Youre watching the context on bbc news. Electric car sales falter as a deadline for a ban on the sale of new Fossil Fuel Cars is extended. Natalie elphicke is the second conservative mp to defect to labour, in as many weeks. Her decision to defect was announced around 12pm just in time for sir keir starmer to bring it up at Prime Ministers questions. If one week a tory mp who is also a doctor says the Prime Minister cannot be trusted with the nhs and joins labour and the next week, the tory mp for dover on the front line of the small boats crisis says the Prime Minister cannot be trusted with our borders and joins labour, what is the point of this failed government staggering on . In a statement the dover mp said the conservatives under rishi sunak had become a by word for incompetence and division. This from someone who has long been preoccupied with the small boat crossings, many had thought her to be on the right of the conservative party. Dont trust labo