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Transcripts For BBCNEWS BBC 20240704

Known as Super Tuesday as millions of People Choose who they want as their preferred president ial candidate. Will vernon reports. Another triumph for trump. The former president cruised to victory on Super Tuesday, securing his position as the unassailable frontrunner in this race. They call it Super Tuesday for a reason. This is a big one. And they tell me, the pundits and otherwise, that theres never been one like this, theres never been anything so conclusive. Officially he hasnt won the nomination yet. But with results like these, total victory seems certain. As expected, President Joe Biden also swept the board in the democrat primaries. Nikki haley was trounced by donald trump. Its not clear whether she will continue her campaign. President ial election day is still eight months away. But Many Americans already seem wary of the campaign, and of an increasingly polarised political climate. We cant hear any other voices but those two now. I mean, nikki haley is still out there and

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Transcripts For BBCNEWS BBC 20240704

Rates have gone up again, for the 14th time in a row. The Bank Of England has put up its main rate from 5 to 5. 25 . That will mean higher mortgages for some people, but its also good news for savers. The Bank Of England is using Interest Rate rises to fight inflation, which has slowed recently, but which is still nearly 8 . Our economics correspondent andy verity reports the father of two, peter, keeping up the payments for his familys mortgages looking like anything but childs play. They bought their home under the governments help to buy scheme, but since then Interest Rates have risen 1a times. When his fixed rate deal expires early next year, the payments willjump. Somehow we are supposed to spend less and find an extra £750 per month to pay for that. For many families it is a terrifying situation, but if you have a young family like ourselves, who have been swayed into the Housing Market by government who has advertised help to buy as an affordable scheme, right, when things bec

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Transcripts For BBCNEWS Politics 20240704

Ministers questions. It is always a little different, the pmqs ahead of the budget. He has vacated the chair for the Deputy Speaker. She will be going through some of the notices ahead ofjeremy hunt, the chancellor, delivering his Budget Statement. He will take to his feet shortly and will probably speak for about an hour shortly and will probably speak for Aboutan Hourand shortly and will probably speak for about an hour and then it will be the turn of the leader of the opposition, keir starmer to respond. We will take both of those live and uninterrupted and we will then have reaction from the Chief Secretary to the treasury, laura trott, part of the treasury, laura trott, part of the Treasury Team and her shadow for labour. Here isjeremy hunt. Madam Deputy Speaker, as we mourn the loss of life in israel and gaza, the loss of life in israel and gaza, the Prime Minister reminded us of the Prime Minister reminded us of the need the Fight Extremism and heal divisions. I start today by r

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Transcripts For BBCNEWS Newsnight 20240704

Todays budget might have left you with a bit more money in your pocket but some of the Public Services you rely on will face big Spending Cuts. So is it a vote winner . Mr chancellor of the exchequer. Cheering it was the last Spring Budget before the next election. Tonight well interrogate Whyjeremy Hunt made the announcements he did. And interrrogate one of his treasury ministers. Overall, the tax burden is going up. Correct . The tax burden is still too high, overall. Absolutely. And its going up . Well also talk to labours Campaign Chief. Well talk live to representatives of business and Public Sector workers and our Politics Panel is here to help us decode it all and tell us when we might be going to the polls. Todays was a budget that was as much about what comes next as about what comes now. Theres another 2p cut in National Insurance that will kick in soon but theres also the growing realisation that whoever wins the next election, they will face a daunting choice either oversee

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Transcripts For BBCNEWS World 20240706

if you have just joined if you havejustjoined us it is time for the top business stories. we start here in the uk where in the next few hours the bank of england is widely expected to raise the cost of borrowing for the twelfth time in a row. the quarter percent rise most economists are predicting would take the bank s main interest rate to 4.5% the highest it has been in almost 15 years. the big question though will it be enough to start to get inflation, which is still running at more than 10% a year, under control? let s speak to katharine neiss she has held various roles at the bank of england and is now chief european economist at p gim fixed income. good to have you on the programme. iassume good to have you on the programme. i assume you are with the majority believe we are looking at a rate hike today of another 25 basis points. today of another 25 basis oints. . , today of another 25 basis oints. . , ., , points. that s right, that s the consensus p

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