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BBCNEWS BBC News July 7, 2024

there is the wreck of the mary rose. it has come to the surface. and it s exactly a0 years since henry 8th s flagship the mary rose was raised from the bottom of the solent, after 437 years under the sea. the bank of england has been forced to intervene once again in the markets warning of a material risk to financial stability. the emergency move this morning will see the bank buy a wider range of government debt, in order to restore conditions in the markets. it follows on from yesterday s announcement of further meaures aimed at ensuring an orderly end to its emergency bond buying scheme. today the institute for fiscal studies think tank warnted the chancellor will need to make big and painful spending cuts to put the country s finances on a sustainable path. it suggests the chancellor could increase working age benefits in line with average earnings, limit public investment to 2% of national income and cut the budgets of every government department exc ....

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BBCNEWS BBC News June 4, 2024 08:02:00

Today the institute for fiscal studies think tank warnted the chancellor will need to make big and painful spending cuts to put the country s finances on a sustainable path. it suggests the chancellor could increase working age benefits in line with average earnings, limit public investment to 2% of national income and cut the budgets of every government department except health and defence by 15%. they say it is not possible to deliver cuts through trimming fat and that it would require major cuts to public services. the chancellor says he once to get it on a stable basis. it looks to us that that will mean tens of billions of pounds of spending cuts in order to achieve that. it is hard to see what other way out of the chancellor ....

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