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Transcripts For BBCNEWS BBC 20240704

What exactly do we know about tomorrows budget . Lets look at the bi icture tomorrows budget . Lets look at The Big Picture and tomorrows budget . Lets look at The Big Picture and then tomorrows budget . Lets look at The Big Picture and then the tomorrows budget . Lets look at The Big Picture and then the detail. Tomorrows budget . Lets look at The Big Picture and then the detail. The l big picture and then the detail. The economic reality, the economy is stagnant. We are in recession. Albeit a shallow one. Taxes are through the roof by any recent historic standard. And Family Finances feel squeezed. Then there is the political reality, the conservatives have been in government for yonks and there has been more than the odd economic and political calamity and their ratings, their popularity, is really poon ratings, their popularity, is really poor. So, enter the chancellor. Ratings, their popularity, is really poor. So, enterthe chancellor. No pressure then for him. Trying to do someth

Transcripts For BBCNEWS Verified 20240705

juggernauts contending for the top prize. hello, welcome to verified live. tata steel will push ahead with plans to close both blast furnaces in its south torbert plant in wales, and it is expected to lead to the loss of over 3000 jobs talbot. the gmb union says it has alternative proposals aimed at saving jobs. a reminder of what we are saying, the bbc understands that tata steel is going to press ahead with plans to close blast furnaces at its plants at port talbot in south wales and that threatens the loss of more than 3000 jobs. the decision follows a meeting between tata steel executives and the wider community and unions in the meeting happened at a hotel in london today. and the meeting. the company will replace blast furnaces which produced new steel from iron or with a modern electric arc furnace which will produce usable steel from scrap metal, and it will be more environmentally friendly to operate but crucially it will require a smaller workforce. but crucia

Transcripts For BBCNEWS Verified 20240705

out to the atlantic again, various weather fronts moving through. look at the squeeze on the isobars it s going to turn really very windy. most of us will wake up to temperatures above freezing as we head through saturday morning. there will be outbreaks of rain again possibly heavy at times just drifting in from the west, so some wet weather but look at these temperatures rising back up into double figures for western spots as we head through saturday. warnings in place on sunday for strong winds for much of the uk and for heavy rain, too. it turns even milder into the start of next week. bye bye. pakistan carries out overnight strikes on what it calls terrorist hideouts in iran s border province two days after iranian attacks on pakistan. hamas says hundreds and people have been killed. tata steel is to push ahead with plans to close both blast furnaces at port talbot works in south wales. the move is expected to lead to the loss of up to 3000 jobs. rishi suna

Transcripts For BBCNEWS Verified 20240705

commons. time for a look at the business news now. we start with the unfolding crisis in the red sea and concerns that the continued attacks on cargo ships by yemen s houthi rebels will affect developing countries the hardest. that s the warning from the world trade organization. today the us has launched a fourth round of airstrikes against the rebels the us military said it targeted missiles that could be intended for attacks on ships. as vessels divert to longer and more costly routes that avoid the red sea, supply chains have been disrupted and economists have warned it could add to inflation. the wto s director general, dr ngozi 0konjo iweala, has been speaking to our economic editor faisal islam at the world economic forum in switzerland. iamjoined i am joined here by the director general of the world trade organization. thank you forjoining 0rganization. thank you forjoining the bbc. 0bviously people are concerned about the fluidity of trade given this big geopolitic

Transcripts For BBCNEWS Verified 20240705

the prince of wales has visited his wife in hospital where she is recuperating after abdominal surgery. and queen camilla has given this update on king charles. haw surgery. and queen camilla has given this update on king charles. this update on king charles. how is his majesty? this update on king charles. how is his majesty? he this update on king charles. how is his majesty? he his this update on king charles. how is his majesty? he his fine, this update on king charles. how is his majesty? he his fine, thank- this update on king charles. how is| his majesty? he his fine, thank you his ma esty? he his fine, thank you ve his majesty? he his fine, thank you very much. his majesty? he his fine, thank you very much, looking his majesty? he his fine, thank you very much, looking forward - his majesty? he his fine, thank you very much, looking forward to - very much, looking forward to getting very much, looking forward to getting back to work. he is fine. hell

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