A stable environment for us businesses. She promised Tax Incentives to make the Middle Class the engine of americas prosperity. It comes a day after former President Trump threatened to hit us firms with hefty tariffs on their goods if they move manufacturing abroad. Donald trump has consistently polled better on the economy a few short months ago he was 12 points ahead Ofjoe Biden on the issue. But that lead has declined sharply since Kamala Harris became his opponent. Our North America Business Correspondent Michelle Fleury has more. Vice president Kamala Harris laid out her vision for Americas Economy in the Battleground State of pennsylvania. The american people face a choice between two fundamentally very different paths for our economy. I intend to chart a new way forward and grow americas Middle Class. Donald trump intends to take america backward to the failed policies of the past. Miss harris said her plan would lower costs for american families, invest in entrepreneurs and en
Im lukwesa burak. We start here in the uk because the uks national debt is on course to triple over the next half a century. Thats the warning from the governments official forecaster, the office for budget responsibility. An ageing population, climate change, and rising geopolitical tensions will all put increasing pressure on the Public Finances according to the 0brs report. And it says without extra Tax Revenues or a return to post War Productivity levels, the Public Finances are not sustainable over the long term, and something has got to give. Uk national debt is currently at almost 100 of the size of its annual Economy Output or gdp. The 0br says its Base Scenario is a national debt of 274 of gdp in 2071. Risks from war, disease, cyber Conflict And Trade tensions could push that even higher. By 2071, the 0br expects the uk to be spending more than £200 Billion extra per year on things like health, Social Care and pensions. The chair of the 0br Richard Hughes spoke to the bbc ear
On wednesday following a report the White House is preparing to formally block Nippon Steels 14 Billion takeover bid. People familiar with the matter say a decision could be made as soon as this week. The move would be highly controversial and critics say it would lead to Job Losses and could chill foreign investment in the us. For more, heres our North America Business correspondent Ritika Gupta in new york. Nippon steels 14 Billion bid to acquire united States Steel has been caught in the crosshairs of an election year, and in the crucial Swing State of pennsylvania, where us steel is based. Us president Joe Biden has long pledged that the iconic american company, headquartered in pittsburgh, should remain domestically owned and run. Presidential nominees Kamala Harris and Donald Trump have also both Committed to keep us steel american, though any move to block the deal could potentially be subject to litigation. Proponents of Nippon Steels bid say the us shouldnt reject a bid from a