Business stories. We start in saudi arabia as the Worlds Biggest Oil Company Aramco is set to announce its latest Half Year Results in the next half an hour or so. Last year, aramco netted record profits of over 160 billion, buoyed by soaring energy prices. But in may this year, they reported that profits dropped by nearly a fifth in the first three months of the year as the gloomy Global Outlook saw oil prices drop. To tackle this, saudi arabia has been cutting production to the tune of1 Million Barrels a day. They started in july and have now extended to september. The oil price has since been creeping up. Live now to our middle east Business Correspondent sameer hashmi. Sameer, nice to see you. 160 billion is so much money made in a year. What are they expected to say in the next half hour . Expected to say in the next half hour . Sally, ithink it is matching half hour . Sally, ithink it is matching up half hour . Sally, ithink it is matching up to half hour . Sally, ithink it is ma
This will get the hostages out and get a significant amount ofaid in. This would allow us to build something more enduring, to ensure israel is secure, and to respect the right of the Palestinian People to dignity, freedom and self determination. Crowd cheers hamas claims it wants a cease fire. Well, there is a deal on the table. And as we have said, hamas needs to agree to that deal. Lets get a cease fire. Lets reunite the hostages with their families. And lets provide immediate relief to the people of gaza. Lets speak to Tommaso Della longa who is the spokesperson for the International Federation of red cross and red crescent societies. It is good to speak to you again. Those are some of the strongest words we have heard from the us. Could you tell us what youre hearing about the humanitarian situation there on the ground . Thanks a lot for having me today. The humanitarian situation in the gaza strip is still desperate and every day that the conflict continues, the more the nude wil
The most and conservative thing i could do would be to cut taxes by increasing borrowing. Thats just cutting taxes and saying future generations have to pick up the tax after. I wont to do that. But i do want, where its possible to do so, responsibly, to move towards a lower tax economy, and id hope to show a pass in that direction. But this will be a prudent and responsible budget for long term growth, tackling inflation, my investments, morejobs, and thats path to lower taxation as and when we can afford it. But you said also, that the forecast from the obr, which is the economic watchdog which marks your homework, you have said that the numbers have gone against us. So the picture is bleaker than it was at the beginning of the year . Why then are you looking now to cut taxes at all . These forecasts change the whole time. What happened in the autumn was that the forecast went in our favour unexpectedly, quite close to the end. So i was able to introduce the biggest business tax cuts
However, we should tell our viewers. We are going to do a different dance, are we . I know you are a keen ballroom dancer. There is a widespread expectation you are likely to cut national insurance, there is a widespread expectation you are going to nick labours policy of tightening up the rules for so called non doms, people who earn huge fortunes abroad. But arent permanent residents. You said these are foreigners who could leave easily in ireland, france, portugal, or spain, they all have these schemes, id rather they stayed here and spent their money here. Do you want to take that back . As i said, laura, im not going to talk about individual taxes. 0h, oh, im asking on principle. Out of principle do you agree Withjeremy Hunt from 2022 . I dont disagree Withjeremy Hunt from nearly everything i said in the past, but sometimes. Let me say this, the country sees through gimmicks and we are not going to do gimmicks on wednesday. Its going to be a budget for responsible, long term growt
And just manage to get some sleep wherever you can . Yeah. It can be really tough. Yeah. Its still very hard for some of us to get a nap. Oh, the worlds biggest yawn. With osaretin off work on maternity, three mouths to feed and three babies to hold, life and finances have been a juggle. He has reduced his hours to 20 hours a week. So the moneys really not coming any more. So youve had to cut back your hours at work then, just to just to manage physically with looking after the babies . And it was really it was something hard, but we had to do the sacrifice. But laurens been able to help out by giving a £370 grant. Hi are you 0k . Its gone straight on nappies, baby formula, and paying the energy bills. For lots of families. That weve supported itsjust meant, you know, feeding their children, heating their homes, you know, just those really important butjust basic things that you really need to raise small children. Laurens team have now given money to 82 families through the governmen