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Transcripts For BBCNEWS BBC News 20240707



torrential rain brings major flooding. and the flying scotsman the first steam engine to hit 100 miles an hour celebrates a century on the tracks. good morning and welcome to bbc news. the chancellor kwasi kwarteng has cut short his visit to the us to hold urgent talks with the prime minister, as pressure mounts on the government over its mini budget. the chancellor had been in washington for a meeting of global finance ministers. he d originally been expected to return back to london on saturday. speaking to the bbc yesterday before the change of plans, mr kwarteng said he believes 100% that he will still be a chancellor and liz truss will still be prime minister in a month s time. later today, the chancellor and prime minister are expected to hold talks with conservative mps. some think the government s tax cutting plans should be reversed, while others believe the help with energy bills should be more targeted. there s even talk of whether both the chancell ....

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Transcripts For BBCNEWS BBC News 20240707



the leaders of china s ruling communist party gather for a summit in which ruler xijinping is expected to secure a historic third term in office. communities in three australian states are ordered to evacuate as torrential rain brings major flooding. and the flying scotsman the first steam engine to hit 100 miles an hour celebrates a century on the tracks. hello and welcome if you re watching in the uk or around the world. britain s chancellor, kwasi kwarteng, has cut short his visit to the us, to hold urgent talks with the prime minister, as pressure mounts on the government over its mini budget. mr kwarteng had been in washington for a meeting of global finance ministers. he d originally been expected to return back to london on saturday. speaking to the bbc yesterday before the change of plans, mr kwarteng said he believes 100% that he will still be a chancellor and liz truss will still be prime minister in a month s time. later today, the chancellor and ....

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Transcripts For BBCNEWS BBC News 20240707

u turn this afternoon, possibly abandoning plans for lower corporation tax. she s due to hold a news conference in about half an hour. kwasi kwarteng has confirmed his being sacked in a letter to the prime minister which begins by saying he had asked him to set aside and that he had accepted amongst the other quotes in a letter saying that the situation he faces is incredibly difficult with raising global interest rates and energy prices and following the status quo was not an option. his letter continues, the economic environment has changed rapidly since we set out the growth plan on the 23rd of september together with the bank of england we have responded to those events and it concludes that it is important now, as we move forward to emphasise the government commitment to fiscal discipline. the medium term financial fiscal plan is crucial to this end. let s go live to our political correspondent leila nathoo who s at downing street. kwasi kwarteng has gone as chancellor a ....

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Transcripts For BBCNEWS Talking Business 20240707



wherever you arejoining me from around the world, once again a big hello and a warm welcome to the show. you know, we have seen lots of massive disruptions to the global economy in the last few years. the pandemic shut the world down and now war and sanctions are driving prices up. but before covid, the world of workers was going through another disruption and a digital one at that. technology companies were launching platforms like uber, justeat and deliveroo where people could work for less than an hour if they chose, rather than sign contracts for work for years. companies worth billions have been created leaving regulators and competitors running to catch up. statistics in this sector are difficult to come by. one american survey found that one in three workers in the united states are now freelance and their numbers the great resignation, following the pandemic. in india an official government think tank thinks there will be more than 23 million workers in the gig ....

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Transcripts For BBCNEWS Talking Business 20240707



the boss of the australian based work platform, airtasker and the man leading the policy to regulate the sector, european commissioner, nicholas schmit. also on the show i am going to be talking about supply chains, and the economic pressures of doing business in turkey where inflation is running at 80%. companies. i have got the big bosses of the company which owns companies. where ever you arejoining me from around the world, once again a big hello and a warm welcome to the show. you know, we have seen lots of massive disruptions to the global economy in the last few years. the pandemic shut the world down and now war and sanctions are driving prices up. but before covid, the world of workers was going through another disruption and digital one at that. technology companies were launching platforms like uber, just eat and deliveroo where people can work for less than an hour if they chose, rather than sign contracts for work for years. companies work millions left reg ....

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