change is a recipe for global instability, the shape of power in the world is changing. there is a war on our continent. and because of all of this, we must square up to eight new economic era where the old assumptions on labour and energy and trade under goods no longer apply. no doubt about it. the way i see it, there are also opportunities to be seized. new markets to open up. a more prosperous future that can be one. take net zero and the green industries of tomorrow. a new global market of up to £1 trillion. but of course, a competitive market, where countries all around the world, not just in the us, are setting a new template. for green growth, and we have to be on the pitch. this is the biggest opportunity to make our country work for working people that we have had in decades. and it is no good carping from the sidelines, holding onto an outdated economic logic as the rest of the world eats our lunch. some nation is going to design medicines personalised to match
rain. sunny skies on saturday. saturday will be the best day of the weekend, so mother nature has it right. come sunday, the rain will reach liverpool. so we just about get away with it. but it will be a nice day. back to the here and now. right now, we have high pressure building across scotland and ireland. to the east of the country, though, we have a breeze off the north sea. there is thick cloud. we have had some rain in the south and south east from a weak weather front crossing us. this is where the cooler conditions are, ten, 12, 1a degrees further east. at the moment, temperatures are in the high teens and will probably hit 20 degrees for western scotland, northern ireland, wales and in the south west as well. tonight, we will have thick cloud across eastern and southern and central parts of england. in the north and west, as well as northern ireland, clearer skies, and where we have clear skies overnight, sunshine will greet us first thing on saturday morning. so a
fascinating snapshot of business. we will start with the economy, where it recorded a growth of 0.01%. they fell by 0.8%, underscoring the impact of the ongoing strikes on the cost of living crisis. hardly booming, but a far cry from the record breaking recession that the bank of england was protecting six months ago. on thursday, they announce a major rethink of its forecast, said the uk will avoid going into recession. the bank also raised its main interest rate again by .25%, but is why it sets. it is the 12th right in a row and puts the cost of borrowing at around a 15 year high. areal cost of borrowing at around a 15 year high. area i spoke to stephen nolan, a lecturer at liverpool in economics, and asked him why the uk is lagging behind the other common needs. . . , is lagging behind the other common needs. . ., , ., needs. there are a number of factors, needs. there are a number of factors. but needs. there are a number of factors, but when needs. there are a numbe
i ll try to give you a fascinating snapshot of all the world of business and money. let s start here in the uk, where the economy in the first three months of this year recorded growth ofjust 0.1%. output in consumer facing services fell by 0.8% in march underscoring the impact of ongoing strikes and the cost of living crisis. hardly booming but a far cry from the record breaking recession that the bank of england was predicting six months ago. on thursday, the bank announced a major rethink of its forecasts saying the uk will now avoid going into recession. of course, talking about interest rates. the bank also raised its main interest rate again by a quarter of a percent to 4.5%. that s the 12th rate rise in a row and it puts the cost of borrowing here in the uk at a 15 year high. here s dr steve nolan, senior lecturer in economics at liverpool john moores university. good to see you. hardly the doom and gloom of the recession that was predicted, but let s be fr
violin plays. ceremonies are being held to mark holocaust memorial day to remember the millions of people persecuted and murdered by the nazis. and britain s alfie hewett and gordon reid secure theirfourth successive australian open wheelchair doubles title their 16th grand slam title together. hello and welcome. the chancellor, jeremy hunt will make a major speech shortly about where long term growth in our economy will come from. mr hunt is expected to dismiss gloom as he sets out plans to increase productivity in the uk. it s also thought he ll pledge a relentless focus on the key industries of the future. but it comes against the backdrop of a cost of living crisis and ongoing strikes about public sector pay. it comes in a week the government has faced accusations it has no long term plans for growth. according to advance extracts from his speech released by the treasury he will say. the government will offer a plan for long term prosperity based on british genius