Im sally bundock. We start here in the uk, where the Chancellor Rachel reeves will pledge A Budget To Rebuild Britain in her speech to the Labour Party Conference in liverpool today. Shes under pressure to provide some optimism after labours gloomy messaging on the state of the economy they inherited from the conservatives. But her controversial decision to Axe Winter Fuel payments for 10 Million pensioners threatens to overshadow her speech, with a vote challenging the move also expected today. Lets get more now from joe nellis, whos economic adviser to mha a Uk Accounting Firm And Professor of Global Economy at cranfield university. Good morning. There good morning. There was good morning. There was a good morning. There was a lot good morning. There was a lot of pressure on Rachel Reeves to change the music, to be more optimistic, what do you think . I think she will struggle to change the mood music. We are in a difficult position, the economy has been flatlining for the last coupl
Good afternoon. In the last hour, Rachel Reeves has used her fIrst Labour Conference Speech as chancellor to promIse that therell be no return to austerIty. After weeks of warnIngs about the dIre state of the publIc fInances, she trIed to convey a brIghter message, sayIng she Is optImIstIc about the uks economIc future. She was brIefly heckled by one protestor at the start of her speech. Our polItIcal correspondent Helen Catt reports. As you can see behInd me, people are stIll fIlIng out from the Conference Hall where Rachel Reeves gave her speech In the last hour or so. A much traIled speech, very antIcIpated because, as we know, there has been crItIcIsm about the gloomy outlook that the chancellor and the PrIme MInIster have been talkIng about. So durIng her speech today, we had the Chancellor Attempt today, we had the Chancellor Attempt to Inject some optImIsm, talkIng about the brItaIn that she hoped to buIld for the future. There were some focus on what labour had already done In
Pledge to address corruption and reduce economic burden on true lancome. And that resonated with citizens who have been burdened with high living costs and rising poverty, even at a time when the economy overall seem to have stabilised. Now, anura kumara dissanayake promise to cut income taxes and slashes tells taxes on food and medicine, his also promised to renegotiate terms of the imf programme to make it easier for sri lankan. But experts say that he can manage to realistically deliver and fund the populous promises, while balancing sri lankan s. The foreign reserve is at $6 billion that can last forjust three months. Imf bailout line that forced his territory in order to boost government revenues is also halfway through and a deal to restructure the huge foreign debt by still not finalised. Stabilising the economy and manoeuvring lenders especially bilateral partners india and china will be one of the first test. This party so far has had a no experience in running a government, e
Place. I want to get your thoughts on what the President Elect and first priorities will be, especially regarding the priority economy. He talks about a new and Progressive Schleicher in his manifesto, which emphasizes production, good policies, which means promoted agriculture and many factory. I think his first actions will be talking to the International Monetary Fund where they say they work within that framework, would also try to negotiate some of the harsh austerity measures, and there would be a lot of emphasis on Transit Route out the corruption that has plagued Sri Lanka for so long. Are corruption that has plagued Sri Lanka for so long. Lanka for so long. Are those two Issues Lanka for so long. Are those two issues about lanka for so long. Are those two issues about speaking i lanka for so long. Are those | two issues about speaking to the imf and addressing corruption in the country, are the links i all given the history that Sri Lanka has had in the past . History that Sri