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let s start here in the uk, where, in a few hours time, the chancellorjeremy hunt will unveil his first budget, where he will outline the government s big decisions on spending, and plans for raising or lowering taxes. among the measures he s expected to unveil is a significant expansion of free childcare provision. it s part of a strategy to get more people back to work, given the shortage of staff in some key sectors. the chancellor is also expected to announce a rise in the tax free limit for pension contributions, to encourage people to stay in work for longer. the latest economic figures underline the challenge facing the government, as well as the pressure on household and business budgets. here s our economics editor faisal islam. it is back to work budget, that s a promise, and it was centre on one of the biggest ever expansions of childcare for england with equivalent funding for other nations. parents of one and two year olds will get the same 30 hours of sup ....
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Growth. that is the goal of this government, isn t it, to bring growth to the uk economy as we are faltering, we are the worst performing in the g7. your take on what we might know will be in this budget and how effective it will be? effective it will be? well, we know of course effective it will be? well, we know of course that - effective it will be? well, we know of course that it - effective it will be? well, we know of course that it is - effective it will be? well, we | know of course that it is going to be about getting people back into work and that s really, really crucial, because how can you grow an economy if your pool of labor is stagnant, if your pool of labour is perhaps even getting smaller. and that is what he wants to do, so getting the over 50s back into work really important. that is why he is going to tweak some of the pensions, try and keep those highly qualified doctors in the labour force for longer. thatin in the labour force for longer. that in turn will he ....
The government, as well as the pressure on household and business budgets. here s our economics editor faisal islam. it is back to work budget, that s a promise, and it was centre on one of the biggest ever expansions of childcare for england with equivalent funding for other nations. parents of one and two year olds will get the same 30 hours of support as currently extended to three and four year olds, and more funding will go to providers, which could see tens of thousands parents helped back to work. but will the plan helped end the strikes of public sector workers, such as jodie, a nurse who are struggling with wage rises falling well below the high rate of inflation because of high energy prices? i’zre rate of inflation because of high energy prices? i ve been uuite high energy prices? i ve been quite strict high energy prices? i ve been quite strict on high energy prices? i ve been quite strict on the high energy prices? i ve been quite strict on the timer - high energy ....
One of those is that ministers will relax rules on migrant workers, so to help some key sectors. but what we are hearing as hospitality is not one of those, it is more likely to be construction. it one of those, it is more likely to be construction. to be construction. it is desperately to be construction. it 3 desperately disappointing if hospitality is excluded. it is quite clear when one in ten jobs remaining, fill the vacancy rate standing at around 170,000 for all of this year, that we are being held back by a lack of labour. we are doing our part, investing in domestic workforce, upskill young people and training people across the country, but is it we are not enough staff to go around so we would urge ministers to think again on that and look at relaxing the laws further. there is a longer term review. how hopeful are you, though, that the measures that are likely to be announced today, ie, a lot more childcare for young families, but also that could free up grandparents who ....