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BBCNEWS World Business Report July 7, 2024

the value of the pound has dropped again today by nearly a percent against the dollar as investors digest the warning from the international monetary fund about the uk government s fiscal plans. the imf has openly criticised the plan for widespread tax cuts, warning the measures are likely to fuel the cost of living crisis and increase inequality. here s michelle fleury with more details in new york. one of the roles of the international monetary fund is to act as an early economic warning system, and it has just sounded the alarm over the uk s new tax and spending plans. in a statement, the fund warned, given elevated inflation pressures in many countries, including the uk, we do not recommend large and untargeted fiscal packages. even more pointedly, it suggested that the november 23rd budget presented an opportunity for the government to re evaluate tax measures, especially those that benefit high income earners. remember, as part of the uk treasury s policy to ....

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BBCNEWS World Business Report June 4, 2024 04:52:00

Agriculture sectors represent 22% of global greenhouse gas emissions, and from today, the world s first standard guidance will be launched, so businesses will be able to measure how they can reach net zero targets. he hoped to speak to a representative from the wwf about this but sadly because of technical reasons christopher anderton is unable to join us but it is an important issue and something we will talk about in more detail. let s see how the asian markets are faring. as you can see, japan down over 2%, the hang seng in a similar position, the price of oil, sinking as well. we can see how the dollar is trading versus the dollar is trading versus the yen. we have £1 buying just over $1.06. showing you how the ....

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