to fall into recession this year and will maintain positive growth this year. news welcomed by the uk finance minister as a big upgrade in the uk outlook. but for many right now, it might not feel like things are looking up with double digit inflation pushing up the cost of living, and pushing living standards down. here s the chancellorjeremy hunt reacting to the news. today the imf s assessment shows we are on the right track. the report forecast growth of 0.4% in 2023 and 0.7 percentage point upgrade since the aprilforecast. 0.7 percentage point upgrade since the april forecast. that s even higher than the bank of england forecast published last week for 0.25% growth in 23. the imf says we have acted decisively to fight inflation which will substantially reduce to around 5% by the end of the year. in the imf say our approach to fiscal policy will help to significantly reduce the deficit over the forecast by 3% of gdp between 20 to 23 and 2728. so together these forecasts
that no agreement has been reached. both men had met earlier this morning and before the talk said sounded a note of optimism. they have just ten days left to reach a deal to increase the government borrowing limit or trigger a default. from new york. even before president default. from new york. even before president biden - default. from new york. even before president biden with i before president biden with house speaker kevin mccarthy negotiations were once again around the table trying to strike a deal to avoid a default. sources say the white house is now offering to keep spending flat from this year to next. while republicans, they say they want to increase defence spending while cutting everything else by up to 22%. treasury secretary janet yellen confirmed over the weekend that june one is the hard deadline when the government can no longer pay its bills. and the deadline for a deal may actually be sooner in order for it to pass the house and senate in time. there
look in on people who might be vulnerable, an elderly neighbour or someone with very young children. this is the heatwave we have had, the second one this summer, if you like. we only had the last 13 weeks ago. climate change experts have been telling us yet again that we should be expecting more of these events as the climate changes, as the planet warms up. certainly, so far, the people we have been speaking to on the beach, as far as they are concerned, they are very much enjoying it. i did ask them how high do you like it, how what do you want it to go and they said maybe 31, 32 is the maximum and certainly thatis 31, 32 is the maximum and certainly that is what the weather forecasts are saying over the next few days, we could get into the low 30s. they say no harder than that because that would make a british summer that little bit too uncomfortable for them. , u, little bit too uncomfortable for them. , ., ~ , time for a look at the weather. here s nick miller. more on
Election debate. We are on the Asian Network, and the bbc news channel. Im nomia iqbal, here in the Splendid Alga Concert Hall at the university of birmingham, and on stage here in the concert hall. With me is our audience, people from all different backgrounds, different political allegiances, and with just one week to go before the big vote, they have a lot of questions about a wide range of issues. They will be putting those questions to our panel of gu ests putting those questions to our panel of guests from different Political Parties. With us today is Shailesh Va Ra parties. With us today is Shailesh Vara from the conservatives, Khalid Masood mood from labour, Baroness Sheehan from the liberal democrats, bob bob dhillon from ukip, and leanne wood from plaid cymru. Following the horrific Terror Attack in manchester last week, campaigning for the election had been suspended. Of course it has now resumed. But the events of manchester are still very much on peoples minds. I was in th