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Apr 16, 2024
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bank of england. and when you think you add to that the international monetary fund were weighing in, saying it was wrong to cut taxes for high earners. joe biden piled in before she resigned. i have some sympathy for her. i feel, had they actually cut spending in that budget, they might have got away with it. but probably the conclusion is they tried to do too much too soon. either way, we're now back to jeremy hunt and it almost makes no difference now economically , no difference now economically, i think, whether labour or the conservatives win the next election. i have some sympathy with truss. i believe the bank of england behaved appallingly. in a moment i'll discuss that with city grandee daniel hodson and see whether he agrees with my analysis i asked you earlier. how did the west get it so wrong over iran? what are your reactions coming in that are interesting ? alan in that are interesting? alan says we must decide whether or not it's in our interest to get rid of the iranian regime. if it
bank of england. and when you think you add to that the international monetary fund were weighing in, saying it was wrong to cut taxes for high earners. joe biden piled in before she resigned. i have some sympathy for her. i feel, had they actually cut spending in that budget, they might have got away with it. but probably the conclusion is they tried to do too much too soon. either way, we're now back to jeremy hunt and it almost makes no difference now economically , no difference now...
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Apr 17, 2024
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patrick, governor of the bank of england. and finally , bank of england. and finally, news suggested going vegan went to your health. and that to prove your health. and that doesn't surprise us particularly a study on the effects of veganism on the human body found that it increases the chances of high blood pressure compared to meat . before taking part meat eaters. before taking part in the study, volunteers had their tests to assess their blood tests to assess their blood tests to assess their health levels, and the authors found that meat based diets improved blood diets improved their blood pressure. what pressure. the heart wants what the heart wants, which is probably some foie gras. perhaps a friend of mine should take my advice. >> also eaten, vegan sausage rolls . are you? have you eaten vegan? >> i've not, but it's meant to be a monster hit for that bakery chain, isn't it? not bad. they're not bad. well i wouldn't have a vegan sausage roll. >> take it from me being a tory lowers your cholesterol. this is not the record, official not for the reco
patrick, governor of the bank of england. and finally , bank of england. and finally, news suggested going vegan went to your health. and that to prove your health. and that doesn't surprise us particularly a study on the effects of veganism on the human body found that it increases the chances of high blood pressure compared to meat . before taking part meat eaters. before taking part in the study, volunteers had their tests to assess their blood tests to assess their blood tests to assess...
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Apr 16, 2024
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patrick, governor of the bank of england. and finally , bank of england. and finally, news suggested going vegan went to your health. and that to prove your health. and that doesn't surprise us particularly a study on the effects of veganism on the human body found that it increases the chances of high blood pressure compared to meat . before taking part meat eaters. before taking part in the study, volunteers had their tests to assess their blood tests to assess their blood tests to assess their health levels, and the authors found that meat based diets improved blood diets improved their blood pressure. what pressure. the heart wants what the heart wants, which is probably some foie gras. perhaps a friend of mine should take my advice. >> also eaten, vegan sausage rolls . are you? have you eaten vegan? >> i've not, but it's meant to be a monster hit for that bakery chain, isn't it? not bad. they're not bad. well i wouldn't have a vegan sausage roll. >> take it from me being a tory lowers your cholesterol. this is not the record, official not for the reco
patrick, governor of the bank of england. and finally , bank of england. and finally, news suggested going vegan went to your health. and that to prove your health. and that doesn't surprise us particularly a study on the effects of veganism on the human body found that it increases the chances of high blood pressure compared to meat . before taking part meat eaters. before taking part in the study, volunteers had their tests to assess their blood tests to assess their blood tests to assess...
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Apr 17, 2024
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so i think that that but the bank of england, actually the bank of england, actually the bank of england, actually the bank of england is pretty ropey place at the moment. and the governor is a is a loose tooth. >> do you think that the bank of england should cut the base rate then, yes, i do, although it is, looking a little less likely now that the inflation didn't go down quite as much. but i think they should have been much more optimistic. >> yeah, it was, it was predicted to go fall to 3.1. and actually it was 3.2. they will cease. >> i get the impression that the bank of england is, is eager to seize any opportunity to be pessimistic. yeah and i think there were predictions that there were predictions that there would be quite a few interest rate cuts this year. i think people are very hastily kind of re—evaluated those predictions, predicting perhaps just one. do you think the bank of england is being a little bit too overcautious in this? and let's just been let's listen. we've just been talking much credit talking about how much credit sunak, should be given. sunak, etc. shou
so i think that that but the bank of england, actually the bank of england, actually the bank of england, actually the bank of england is pretty ropey place at the moment. and the governor is a is a loose tooth. >> do you think that the bank of england should cut the base rate then, yes, i do, although it is, looking a little less likely now that the inflation didn't go down quite as much. but i think they should have been much more optimistic. >> yeah, it was, it was predicted to...
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Apr 14, 2024
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the bank of england is. so that's another great big loss for the taxpayer. >> the bank of england >> but is the bank of england basically failing the british pubuc basically failing the british public then? because public then? i mean, because this catalogue of this is sort of a catalogue of errors identified errors that you've identified here for here being responsible for recent high inflation, selling off bonds, costing us billions? >> yes. i think the bank has performed extremely badly over most of my adult lifetime . there most of my adult lifetime. there have been little periods when it's got it right . we've had a it's got it right. we've had a few years when it's worked, but it's been these big lurches in policy. it was the qe it's been these big lurches in policy. it was the oe and now the quantitative tightening policy, which is doing all the damage. now it was an extraordinary it's extraordinary policy. it's the kind that latin kind of thing that latin american central banks used to do up with inf
the bank of england is. so that's another great big loss for the taxpayer. >> the bank of england >> but is the bank of england basically failing the british pubuc basically failing the british public then? because public then? i mean, because this catalogue of this is sort of a catalogue of errors identified errors that you've identified here for here being responsible for recent high inflation, selling off bonds, costing us billions? >> yes. i think the bank has performed...
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Apr 30, 2024
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bank of england have made some terrible, terrible decisions. obr have, but they're in the business of forecasting . business of forecasting. >> still, what i really want to ask you is, as a former labour adviser, the labour party is going to get in possibly at an election and if it did, it would then have all this money that it would say we're going to hold the bonds to maturity. we're not going to make tax payers pay £179 billion bingo funds, all their expenditure . their expenditure. >> well, i think that my opinion is, as you said , that, you know, is, as you said, that, you know, you have the european central bank and then you have the swiss national bank as well. and they don't they don't pay all of that. >> that's right. >> that's right. >> they don't they for once, i agree with the european central bank. >> yes. unusual. yes. >> yes. unusual. yes. >> so why is it that in the uk we are not using that money for, you know, schools or hospitals or all of these other problems that we have . that we have. >> but because joe's point is a very
bank of england have made some terrible, terrible decisions. obr have, but they're in the business of forecasting . business of forecasting. >> still, what i really want to ask you is, as a former labour adviser, the labour party is going to get in possibly at an election and if it did, it would then have all this money that it would say we're going to hold the bonds to maturity. we're not going to make tax payers pay £179 billion bingo funds, all their expenditure . their expenditure....
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Apr 26, 2024
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so how can we take the bank of england and the fed seriously. they don't seem to know what they're doing. >> forecasting is always very difficult especially in respect of the future. but having said that, the bank of england's forecasts haven't always been great. in fact , one of the great. in fact, one of the sharpest criticisms of the central bank by observers has been that they have been consistently a bit too optimistic. they were too optimistic. they were too optimistic about how much inflation would rise and they've been too optimistic. so far about how quickly it will fall. and that means it's one of the reasons why the markets now are only predicting two interest rates cuts, each of only a quarter of a point by the end of this year, again from 5.25% to 4.75. that is still much higher than that period of low interest rates that, as you allude to, we've got used to we've got used to this idea that prices didn't rise very much, that the cost of money, the cost of borrowing was cheap. and of course, the consequence of that was for many, many
so how can we take the bank of england and the fed seriously. they don't seem to know what they're doing. >> forecasting is always very difficult especially in respect of the future. but having said that, the bank of england's forecasts haven't always been great. in fact , one of the great. in fact, one of the sharpest criticisms of the central bank by observers has been that they have been consistently a bit too optimistic. they were too optimistic. they were too optimistic about how...
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Apr 15, 2024
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the bank of england does get named. yeah, the governor and the idea that the prime minister should pick and choose who the governor of the bank of england is and sack them at whim and at will, when the prime minister was about certain was unsighted about certain consequences of her budget, well, sacked personally well, she'd sacked personally sacked the permanent secretary of treasury. yeah. tom of the treasury. yeah. tom scholar, it's the sort of as i said at the beginning, it's like it when i was. it's never her fault. when i was at school, i went to a scottish secondary school, and nobody would ever take responsibility for any bad acts. we thought acts. they did. and we thought in end decided that the in the end we decided that the school should be it wisnae school motto should be it wisnae me. and that like that's me. and that sounds like that's the for button. the title for john button. >> these >> and some of these constitutional will constitutional debates will go on many, years . in on for many, many years. in a
the bank of england does get named. yeah, the governor and the idea that the prime minister should pick and choose who the governor of the bank of england is and sack them at whim and at will, when the prime minister was about certain was unsighted about certain consequences of her budget, well, sacked personally well, she'd sacked personally sacked the permanent secretary of treasury. yeah. tom of the treasury. yeah. tom scholar, it's the sort of as i said at the beginning, it's like it when i...
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Apr 17, 2024
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and, you know, the bank england and the obr. the bank of england and the obr. i argue, are i would now argue, are as influential not more influential if not more influential if not more influential than our chancellor of the exchequer. now, if you want to elect richard hughes, chancellor of the exchequer, be my guest. but in the absence of that, should not be that, jeremy hunt should not be hemmed that, jeremy hunt should not be hemmegoing bring out him in >> i'm going to bring out him in on because, you know, look, on this because, you know, look, you're you're the voter. you're the punter, the you're the punter, right? and are heard and you probably are not heard of these people . you do of half of these people. you do you do elect people. you elect them to try get things them to try and get things through parliament. get through parliament. they get those parliament. those things through parliament. you are you assume those things are going and it appears going to happen, and it appears as there's people behind going to happen, and it appears as scenesthere'
and, you know, the bank england and the obr. the bank of england and the obr. i argue, are i would now argue, are as influential not more influential if not more influential if not more influential than our chancellor of the exchequer. now, if you want to elect richard hughes, chancellor of the exchequer, be my guest. but in the absence of that, should not be that, jeremy hunt should not be hemmed that, jeremy hunt should not be hemmegoing bring out him in >> i'm going to bring out him in...
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Apr 18, 2024
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sort of groups that i mean, the independent bank england, the independent bank of england, the independent bank of england, the making it the whole idea was making it independent. it would suddenly mean that it was going to have a satisfactory monetary policy. they targets they miss their targets for inflation. after month inflation. month after month after month after month, and no head rolls . and it's damn near head rolls. and it's damn near impossible to get rid of the governor the bank of england, governor of the bank of england, never and difficult never elected and very difficult to depose. i guess. patrick, most of your viewers would not have heard a man called have heard of a man called richard is the head richard hughes. he is the head of for budget of the office for budget responsibility . i hold him no responsibility. i hold him no personal animus, but his job is to tell the chancellor of the exchequer how much fiscal headroom he has. that's to say, how much can you cut tax by? or, you know, how much more spending can you do? essentially you've got richard hughes telling jeremy
sort of groups that i mean, the independent bank england, the independent bank of england, the independent bank of england, the making it the whole idea was making it independent. it would suddenly mean that it was going to have a satisfactory monetary policy. they targets they miss their targets for inflation. after month inflation. month after month after month after month, and no head rolls . and it's damn near head rolls. and it's damn near impossible to get rid of the governor the bank of...
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Apr 17, 2024
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at the bank of england, an unelected economist at the bank of england are going to look at these inflation numbers and think, nah, we're not cutting interest rates time soon. rates any time soon. >> what we're going do >> well, what we're going to do now, we're going to now, liam, is we're going to theo chikomba and out and theo chikomba and he's out and about. in edenbridge in about. he's in edenbridge in kent. and tell us why. why you're there and reaction that you're there and reaction that you're getting. theo. good morning. >> i'm outside. the sun's going to be out , did >> i'm outside. the sun's going to be out, did you hear that, theo? sorry i know you're outside. that's fine. we're throwing to you. you're in edenbridge. sorry. i don't think you heard me . i still don't you heard me. i still don't think he's hearing me. no, no, ho. 110. >> no. >> oh , dear. >> oh, dear. >> oh, dear. >> evan, few issues with the transmission there, but we can. we can pick up and have a few more words with liam halligan because we've heard from the chancellor this morning and he's come out predictably
at the bank of england, an unelected economist at the bank of england are going to look at these inflation numbers and think, nah, we're not cutting interest rates time soon. rates any time soon. >> what we're going do >> well, what we're going to do now, we're going to now, liam, is we're going to theo chikomba and out and theo chikomba and he's out and about. in edenbridge in about. he's in edenbridge in kent. and tell us why. why you're there and reaction that you're there and...
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Apr 16, 2024
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the bank of england's target. and there'll be lots of claims, lots of cries. oh, the bank of england has to cut interest rates now. and the first time that they're going to meet is on may the 9th. but thing is, even if but the thing is, even if headune but the thing is, even if headline inflation is coming down, martin, if real wages are going up sharply and we haven't even talked about the oil price, which talked about yesterday, which we talked about yesterday, but know, still around but it's, you know, still around $90 a barrel, up from $73 a barrel as recently as mid—january. it's a 25% rise if you have high wages. if you have high oil prices, that's going to make it very difficult for the bank of england to cut interest rates . and a lot of people now rates. and a lot of people now think the first interest rate cut isn't going to come until not so much the end of spring, but mid summer. that's but more mid summer. that's partly of price. partly because of the oil price. it's also because of what's happening in the us. us inflation has just gone back up
the bank of england's target. and there'll be lots of claims, lots of cries. oh, the bank of england has to cut interest rates now. and the first time that they're going to meet is on may the 9th. but thing is, even if but the thing is, even if headune but the thing is, even if headline inflation is coming down, martin, if real wages are going up sharply and we haven't even talked about the oil price, which talked about yesterday, which we talked about yesterday, but know, still around but...
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Apr 17, 2024
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by the bank of england. this mean for announced by the bank of englistreet, this mean for announced by the bank of englistreet, particularly mean for announced by the bank of englistreet, particularly a1ean for announced by the bank of englistreet, particularly a lot1 for high street, particularly a lot of them, as you may be able to see, are just my shoulder. see, are just my right shoulder. there lots of buildings there are lots of buildings along this high street which have now closed, permanent early. but i've been speaking to people here, consumers and business owners, to see what this means for them. >> that average >> i'm not sure that the average person community will person in the community will recognise that as such. >> in print, but >> it's written in print, but what actually means in your what it actually means in your purse? i'm sure. what it actually means in your purjusti'm sure. what it actually means in your purjust being sure. what it actually means in your purjust being across to the >> just being across to the local shops for my, provisions for centre here, and
by the bank of england. this mean for announced by the bank of englistreet, this mean for announced by the bank of englistreet, particularly mean for announced by the bank of englistreet, particularly a1ean for announced by the bank of englistreet, particularly a lot1 for high street, particularly a lot of them, as you may be able to see, are just my shoulder. see, are just my right shoulder. there lots of buildings there are lots of buildings along this high street which have now closed,...
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Apr 17, 2024
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the governor of the bank of england has signalled the uk is still on course for an interest rate cut, despite the news. rishi sunak says today's inflation figures are part of a brighter economic picture . picture. >> we've also seen mortgage rates fall, energy bills fall and data this week showed that wages have been rising faster than inflation for nine months in a row now, because of all of that, we've been able to cut people's taxes and £900 tax cut for the average worker and increase the state pension by £900 this month. that all shows that our plan is working. and my simple message would be if we stick to that plan, people can have confidence that there's a brighter future ahead. >> smacking children should be made illegal in england and northern ireland, according to children's doctors. the royal college of paediatrics and child health says the current law in england and northern ireland has created grey areas which mean there's sometimes a defence to physical punishment. their report warns children suffer lasting mental and physical effects from being hit in the home, strikin
the governor of the bank of england has signalled the uk is still on course for an interest rate cut, despite the news. rishi sunak says today's inflation figures are part of a brighter economic picture . picture. >> we've also seen mortgage rates fall, energy bills fall and data this week showed that wages have been rising faster than inflation for nine months in a row now, because of all of that, we've been able to cut people's taxes and £900 tax cut for the average worker and increase...
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Apr 12, 2024
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has to bank of england, frankly has to catch . and we've had ben catch up. and we've had ben bernanke today, the ex head of the fed in the states, completing of how the completing a review of how the bank of england does its forecasts. frankly, was forecasts. and frankly, he was very rightly, very critical, quite rightly, some of our software appears to be no be somewhat out of date, no doubt probably getting doubt they're probably getting around early parts around to the early, early parts of developments. of microsoft and developments. no time to actually wake this up a bit. need the bank of a bit. we need the bank of england actually on the front foot here with real indicators as to what we can rely on as opposed to a group of individuals sitting around giving a vague idea giving us a vague idea with their air to their fingers in the air as to what's going to happening. what's going to be happening. that's not enough. that's not good enough. >> front foot. >> england on the front foot. that thank you that would be nice. thank y
has to bank of england, frankly has to catch . and we've had ben catch up. and we've had ben bernanke today, the ex head of the fed in the states, completing of how the completing a review of how the bank of england does its forecasts. frankly, was forecasts. and frankly, he was very rightly, very critical, quite rightly, some of our software appears to be no be somewhat out of date, no doubt probably getting doubt they're probably getting around early parts around to the early, early parts of...
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Apr 15, 2024
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it will certainly be a lot closer to the bank of england's 2% target than it currently is. right. so that means that the bank of england should then be able to raise interest, lower interest rates very, very soon. but it can't if the oil price is high. and that's the danger here for everyone in the uk. anyone with a mortgage, anyone with any kind of debt, anyone with savings who maybe wants to see interest rates high, what's rates stay high, what's happening between iran and israel, even though without downplaying it for one moment, there does seem to be a sense that escalations probably being contained. and that's demonstrated in the oil price. this still has the potential if it does really deteriorate. and there is an escalation, you're talking $100 oil, $120 oil. the sky's the limit if this escalates. but the signs are, for now, fingers and toes crossed that it isn't going to escalate . and that's not me escalate. and that's not me saying that. that's people in global who follow global oil markets who follow this stuff very, very closely 24 hours a day. >> liam halligan, as eve
it will certainly be a lot closer to the bank of england's 2% target than it currently is. right. so that means that the bank of england should then be able to raise interest, lower interest rates very, very soon. but it can't if the oil price is high. and that's the danger here for everyone in the uk. anyone with a mortgage, anyone with any kind of debt, anyone with savings who maybe wants to see interest rates high, what's rates stay high, what's happening between iran and israel, even though...
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Apr 17, 2024
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she blames the governor of the bank of england , the treasury, bank of england, the treasury, the office for budget responsibility and the american president is blamed . at one president is blamed. at one point, we even learn that the poor old lettuce was part of the deep state. does the prime minister agree with me that it's actually much simpler than that? it was the tories unfunded tax cuts , tens of billions of pounds cuts, tens of billions of pounds of unfunded tax cuts that crashed the economy and left millions paying more on their mortgages. wasn't it ? mortgages. wasn't it? >> mr mr speaker, everyone knows that two years ago, i wasn't afraid to repeatedly warn about what her economic policies would lead to, even if it wasn't what people wanted to hear at the time. mr speaker , i was right. time. mr speaker, i was right. i was right then. but i'm also right now when i say that his economic policies would be a disaster for britain, he would send inflation up, mortgages up, and taxes up , send inflation up, mortgages up, and taxes up, and working people would pay the price . this wo
she blames the governor of the bank of england , the treasury, bank of england, the treasury, the office for budget responsibility and the american president is blamed . at one president is blamed. at one point, we even learn that the poor old lettuce was part of the deep state. does the prime minister agree with me that it's actually much simpler than that? it was the tories unfunded tax cuts , tens of billions of pounds cuts, tens of billions of pounds of unfunded tax cuts that crashed the...
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Apr 28, 2024
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especially if like and this is one of my pet peeves, the governor of the bank of england, andrew bailey, and others insist on paying the interest out of one pocket to the other and counting that as real money, and therefore having mr hunt tell us that we're hard up. it's not true. but that's neither here nor there for this discussion. i think a more important figure not to take away from what you said, but a more important figure, is actually the spend as a percentage of gdp . sure, we've percentage of gdp. sure, we've gone from like 39% up to almost 50 during the pandemic. gone from like 39% up to almost 50 during the pandemic . well, 50 during the pandemic. well, that's understandable, but we're at about 44% now, closer to france's 58. the states is 36. >> so we've gone from 39 stabilising at about 44 over a penod stabilising at about 44 over a period of time, spanning the pandemic. why has all this happened? do you think? >> you know, all the reports in all the media that i've read about this, both here and in france? the funny thing is , france? the funny thing is, nobody has said,
especially if like and this is one of my pet peeves, the governor of the bank of england, andrew bailey, and others insist on paying the interest out of one pocket to the other and counting that as real money, and therefore having mr hunt tell us that we're hard up. it's not true. but that's neither here nor there for this discussion. i think a more important figure not to take away from what you said, but a more important figure, is actually the spend as a percentage of gdp . sure, we've...
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Apr 16, 2024
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of england , the and the bank of england, the biggest problem here was the problem with the ldis, the liability driven investments , liability driven investments, which she wasn't briefed on. nobodyin which she wasn't briefed on. nobody in the treasury briefed about it. the bank of england knew about this and never said a word. reason we know word. and the reason we know they knew was because their own pension fund had 100% of its investments invested in ldi the summer before. >> just going to interrupt you, could you just explain in layman's terms what these are and why they were so significant , it made a bad , and why it made such a bad impact what she was trying to do? >> yeah, really important. >> yeah, it is really important. it's difficult to explain in a, in a, in a sound bite, but essentially , after the, the essentially, after the, the crash in the early part of the 2000, pension funds weren't allowed to invest in equity in risk, what were considered to be risky investments. so they invested in bonds. and as we know, bonds just gave a very low rate of it's basically like inv
of england , the and the bank of england, the biggest problem here was the problem with the ldis, the liability driven investments , liability driven investments, which she wasn't briefed on. nobodyin which she wasn't briefed on. nobody in the treasury briefed about it. the bank of england knew about this and never said a word. reason we know word. and the reason we know they knew was because their own pension fund had 100% of its investments invested in ldi the summer before. >> just...
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Apr 12, 2024
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there are serious shortcomings in the bank of england's economic forecasting methods. that's according to a report by former chair of the us federal reserve, ben bernanke. it found that staff were using out—of—date software with functions that could be automated, often performed manually. it comes after several of the bank's forecasts were repeatedly inaccurate during a penod repeatedly inaccurate during a period of economic turbulence . period of economic turbulence. gatwick has been ranked britain's worst airport for flight delays. data from the civil aviation authority shows that departures were nearly 27 minutes behind schedule, on average in 2023. luton airport had the second poorest record, with an average delay of almost 23 minutes, and in third place was manchester at almost 22 minutes. and finally , before we minutes. and finally, before we hand back to martin in westminster, concerned children around the world are breathing a sigh of relief today after it's been confirmed that the cartoon dog bluey will return for another season. the future of tv's bigges
there are serious shortcomings in the bank of england's economic forecasting methods. that's according to a report by former chair of the us federal reserve, ben bernanke. it found that staff were using out—of—date software with functions that could be automated, often performed manually. it comes after several of the bank's forecasts were repeatedly inaccurate during a penod repeatedly inaccurate during a period of economic turbulence . period of economic turbulence. gatwick has been...
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Apr 13, 2024
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the bank of let me the bank of england. let me finish my point. >> let me finish my point directly to inflation. >> and i want to hear that again. >> we supply tight control of the money supply . the money supply. >> isn't that good? that is good. where did you learn that? >> i learnt that on a documentary. could you. >> could you sing it to liz truss? >> well, i will, but, emma, i want to bring you in here because that was the most masterful segue away from. >> yes, well, it shut them up, didn't it? >> i want to ask you, do you the premise of the book ten years to save the west? she talks about economic issues around the world, talking economic issues around the world,other, talking economic issues around the world,other, more talking economic issues around the world,other, more fundamental about other, more fundamental issues. economy issues. not that the economy is not fundamental, know not fundamental, but you know what i you do you what i mean. do you do you worry? i mean, your question to our there was our australian
the bank of let me the bank of england. let me finish my point. >> let me finish my point directly to inflation. >> and i want to hear that again. >> we supply tight control of the money supply . the money supply. >> isn't that good? that is good. where did you learn that? >> i learnt that on a documentary. could you. >> could you sing it to liz truss? >> well, i will, but, emma, i want to bring you in here because that was the most masterful segue away...
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mortgage to the bank of england. mortgage approvals rose to the highest level seen since the market turmoil sparked by liz truss's mini—budget meanwhile, house pnces mini—budget meanwhile, house prices themselves fell by 2% in march. that means the average price of a home in britain is now just over £261,000. the government has faced criticism today , though, over its new plan today, though, over its new plan today, though, over its new plan to expand funded childcare for working parents. in the first week of it being rolled out across england. meeting parents in hartlepool this morning, across england. meeting parents in hartlepool this morning , the in hartlepool this morning, the prime minister rejected claims that nurseries can't cope with increasing demand as a result of the new policy. he said the package of support for families has been introduced stages to has been introduced in stages to give time for more places to be made available at nurseries as. and lastly, if you've ever gone incognito using the i
mortgage to the bank of england. mortgage approvals rose to the highest level seen since the market turmoil sparked by liz truss's mini—budget meanwhile, house pnces mini—budget meanwhile, house prices themselves fell by 2% in march. that means the average price of a home in britain is now just over £261,000. the government has faced criticism today , though, over its new plan today, though, over its new plan today, though, over its new plan to expand funded childcare for working parents....
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we'd get something like 4 or 5 interest rate cuts from the bank of england this year is that i don't think i don't think 4 or 5, ben, but maybe 2 or 3. >> that's certainly the tories have been wanting that for a long time. that's their only real election strategy to the extent have one, is to wait extent they have one, is to wait until there are 2 or 3 interest rate cuts by the end of this year and also hopefully they can get another tax cut in as they see it from september or october is, is it right, though, liam, to say that it doesn't mean that pnces to say that it doesn't mean that prices in the shops are going to come down, they're just not going up as quick as it means dunng going up as quick as it means during the year to march, unofficially, prices up by unofficially, prices went up by just which is a very low just 1.3, which is a very low rate of inflation. it's below the bank of england's 2% target. >> think any of us who've done >> i think any of us who've done a of shopping in last a basket of shopping in the last year say that just can't year would say that just can't be
we'd get something like 4 or 5 interest rate cuts from the bank of england this year is that i don't think i don't think 4 or 5, ben, but maybe 2 or 3. >> that's certainly the tories have been wanting that for a long time. that's their only real election strategy to the extent have one, is to wait extent they have one, is to wait until there are 2 or 3 interest rate cuts by the end of this year and also hopefully they can get another tax cut in as they see it from september or october is,...
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Apr 23, 2024
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so ofwat really does have monopoly. >> well, that's a question we can discuss on the bank of england, which is taking £40 billion a year from the taxpayer. but whilst you're here, i thought it worth mentioning that the latest borrowing figures are out and they've unsurprisingly proved they've unsurprisingly proved the office for budget responsibility wrong . for the responsibility wrong. for the umpteenth time in the year to march, government borrowing was £120 billion and while this was lower than last year, it was 6 billion more than the obr forecast. just a few weeks before the year end. it's thought it might make it difficult to cut taxes in the autumn, which was apparently initially planned . and first of initially planned. and first of all, if the obr can't even get it right three weeks before the financial year end, what is its point? >> yes. this is i mean, it's infuriating. jacob isn't it? i understand that we're in sort of search of the truth when it comes to the so—called science of economics. it's wonderful to believe that you can get things to the last decimal point a
so ofwat really does have monopoly. >> well, that's a question we can discuss on the bank of england, which is taking £40 billion a year from the taxpayer. but whilst you're here, i thought it worth mentioning that the latest borrowing figures are out and they've unsurprisingly proved they've unsurprisingly proved the office for budget responsibility wrong . for the responsibility wrong. for the umpteenth time in the year to march, government borrowing was £120 billion and while this...
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Apr 24, 2024
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so ofwat really does have monopoly. >> well, that's a question we can discuss on the bank of england, which is taking £40 billion a year from the taxpayer. but whilst you're here, i thought it worth mentioning that the latest borrowing figures are out and they've unsurprisingly proved they've unsurprisingly proved the office for budget responsibility wrong . for the responsibility wrong. for the umpteenth time in the year to march, government borrowing was £120 billion and while this was lower than last year, it was 6 billion more than the obr forecast. just a few weeks before the year end. it's thought it might make it difficult to cut taxes in the autumn, which was apparently initially planned . and first of initially planned. and first of all, if the obr can't even get it right three weeks before the financial year end, what is its point? >> yes. this is i mean, it's infuriating. jacob isn't it? i understand that we're in sort of search of the truth when it comes to the so—called science of economics. it's wonderful to believe that you can get things to the last decimal point a
so ofwat really does have monopoly. >> well, that's a question we can discuss on the bank of england, which is taking £40 billion a year from the taxpayer. but whilst you're here, i thought it worth mentioning that the latest borrowing figures are out and they've unsurprisingly proved they've unsurprisingly proved the office for budget responsibility wrong . for the responsibility wrong. for the umpteenth time in the year to march, government borrowing was £120 billion and while this...
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mark carney, he's a former bank of england governor. they all want to her succeed. there's a favouring wind and that's that. that's that's what the tories are up against right now. there's a feeling that. but our duty is on on us at to gb news really to hold these people to account because it's very likely she will have the keys to, to 11 downing street in less than a year's time. >> and she's already >> yeah. and she's already prepared ground saying prepared the ground by saying it's the worst economic inheritance since world war ii. christopher hope, as ever. thank you much indeed. that was you very much indeed. that was interesting, jacob, wasn't it? the worst economic. therefore, it's going to be very difficult . it's going to be very difficult. but the point i was really making there at the end is , yes, making there at the end is, yes, there's you know, both sides are attacking non—doms. she may put vat on school fees, private school fees. she may not. overall, the differences are very, very narrow. this is absolutely right. >>
mark carney, he's a former bank of england governor. they all want to her succeed. there's a favouring wind and that's that. that's that's what the tories are up against right now. there's a feeling that. but our duty is on on us at to gb news really to hold these people to account because it's very likely she will have the keys to, to 11 downing street in less than a year's time. >> and she's already >> yeah. and she's already prepared ground saying prepared the ground by saying...
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Apr 22, 2024
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rachel reeves worked for the bank of england. maybe it should be britain. but, you know, another national organisation there clearly patriotic people. so crucially, i think it's genuine and i think voters will perhaps sense that it's genuine as well. >> but i always remember if labour were the party of the true patriots, i remember gillian duffy when she said to gordon brown, basically she was concerned about how her area was changing so much due to the pace of immigration, and he got in his car. everyone will be familiar with this. he had his microphone still on when he was in his car, and he called her a bigoted woman. that's not very patriotic to me. it's right that people raised concerns about immigration. >> i believe gordon brown misheard her and then apologised within hours, and that was a thing he didn't mishear, come on, you don't think that, do you? >> surely that's what he said, but he apologised as well. >> oh, well. oh, well, that's all right then. forgive me. >> i think if he said sorry, i take it more charitable, someone for apologising. >> i
rachel reeves worked for the bank of england. maybe it should be britain. but, you know, another national organisation there clearly patriotic people. so crucially, i think it's genuine and i think voters will perhaps sense that it's genuine as well. >> but i always remember if labour were the party of the true patriots, i remember gillian duffy when she said to gordon brown, basically she was concerned about how her area was changing so much due to the pace of immigration, and he got in...
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Apr 13, 2024
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roger to the bank of england. roger gewolb, talk to you gewolb, very good to talk to you both. you're me. i'm both. well, you're with me. i'm nana akua. is gb news still nana akua. this is gb news still to we'll continue the to come. we'll continue with the great hour. great british debate this hour. and is rishi right and i'm asking, is rishi right to cigarette ban ? to focus on a cigarette ban? ulez the thoughts of my panel, broadcaster columnist broadcaster and columnist lizzie cundy, labour cundy, also former labour adviser james adviser to jeremy corbyn, james schneider . adviser to jeremy corbyn, james schneider. but first, let's adviser to jeremy corbyn, james schneider . but first, let's get schneider. but first, let's get your latest with karen your latest news with karen armstrong. >> good evening. it's 532. i'm karen armstrong, the australian prime minister has paid tribute to the extraordinary bravery shown by members of the public and first responders after a mass knife attack near bondi beach in sydn
roger to the bank of england. roger gewolb, talk to you gewolb, very good to talk to you both. you're me. i'm both. well, you're with me. i'm nana akua. is gb news still nana akua. this is gb news still to we'll continue the to come. we'll continue with the great hour. great british debate this hour. and is rishi right and i'm asking, is rishi right to cigarette ban ? to focus on a cigarette ban? ulez the thoughts of my panel, broadcaster columnist broadcaster and columnist lizzie cundy, labour...
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of england's 2% target. as i say, that's unofficial, but that does suggest that we could see interest rate cuts from the bank of england relatively soon, possibly or june. and what possibly may or june. and what we've got today is some more unofficial data, martin, from what we call the purchasing managers index, this is like pre—emptive data ahead of official gdp data. data on the size of the economy. and this pmi survey shows that the uk manufacturing it manufacturing sector, it actually grew during march. and this is the first growth we've seen in manufacturing on a month to month basis since july 2022. let's have a look at the numbers. these are purchasing manager index surveys. they're surveys of business opinion . and surveys of business opinion. and the reading is 50.3 in march. that means a majority of british manufacturers they think that the economy is going to grow. readings above 50 indicate growth. that's up from 47.5% in february. so that's a big monthly increase from 47.5 to 15.3 on that ind
of england's 2% target. as i say, that's unofficial, but that does suggest that we could see interest rate cuts from the bank of england relatively soon, possibly or june. and what possibly may or june. and what we've got today is some more unofficial data, martin, from what we call the purchasing managers index, this is like pre—emptive data ahead of official gdp data. data on the size of the economy. and this pmi survey shows that the uk manufacturing it manufacturing sector, it actually...
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again, undemocratically through the bank of england, very little oversight, no democratic debate , oversight, no democratic debate, no votes had huge distributional impact, distributional impact is techie terms for gives the rich loads of money and not for everyone else, joseph, looking at the people who are on this list, bernard arnault or not, and family , they are in and his family, they are in fashion and retail. louis vuitton, sephora things like that, they are worth a whopping , that, they are worth a whopping, $233 billion. elon musk, number two tech jeff bezos, retail and tech zuckerberg for tech larry ellison, tech finance , tech and ellison, tech finance, tech and pharma. i mean, there's a picture here. my worry , i picture here. my worry, i suppose, is that when it comes to tech, there aren't that many jobs in tech. >> i understand the worries, and ihave >> i understand the worries, and i have to say of the names that you that you listed, kudos to them. they're visionaries. yeah. and they've changed the world. and they've changed the world. and that's why they've made so much mone
again, undemocratically through the bank of england, very little oversight, no democratic debate , oversight, no democratic debate, no votes had huge distributional impact, distributional impact is techie terms for gives the rich loads of money and not for everyone else, joseph, looking at the people who are on this list, bernard arnault or not, and family , they are in and his family, they are in fashion and retail. louis vuitton, sephora things like that, they are worth a whopping , that,...
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Apr 16, 2024
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and that would include getting rid of the governor of the england. the bank of england. >> think that she >> no, i think that she understands how it works. and this what popcorn's about. this is what popcorn's about. like whole popcorn launch like this whole popcorn launch thing, just explain this is thing, just to explain this is popular conservativism , which is popular conservativism, which is a a wing, another group a group, a wing, another group within conservative party. within the conservative party. >> yeah, yeah. >> yeah, yeah. >> thank sorry, i you get >> thank you. sorry, i you get caught the westminster bubble caught in the westminster bubble and sometimes out these and sometimes throw out these small actual sign small phrases, the actual sign ups it are quite small, but ups to it are quite small, but the money influence behind the money and influence behind it sizeable. and that's it is quite sizeable. and that's because these spaces , because in many of these spaces, lots of people are just holding their breath for the election because they it's because they they think i
and that would include getting rid of the governor of the england. the bank of england. >> think that she >> no, i think that she understands how it works. and this what popcorn's about. this is what popcorn's about. like whole popcorn launch like this whole popcorn launch thing, just explain this is thing, just to explain this is popular conservativism , which is popular conservativism, which is a a wing, another group a group, a wing, another group within conservative party....
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Apr 12, 2024
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there are serious shortcomings in the bank of england's economic forecasting methods, to according a report by former chair of the us federal reserve ben bernanke. it found staff were using out—of—date software with functions that could be automated, often performed manually . it comes after several manually. it comes after several of the bank's forecasts were repeatedly inaccurate during a penod repeatedly inaccurate during a period of economic turbulence . period of economic turbulence. researchers have discovered the cause of the brightest burst of light ever recorded . the light ever recorded. the luminous burst of light, which occurred more than 2 billion light years from earth and just lasted seconds, was so bright it was said to have blinded space instruments. the findings, published in the journal nature astronomy , suggest boats likely astronomy, suggest boats likely origin is an explosion or supernova that came after the collapse of a massive star. for the latest stories, you can sign up to gb news alerts by scanning the qr code on your screen or go to gbnews.com alerts
there are serious shortcomings in the bank of england's economic forecasting methods, to according a report by former chair of the us federal reserve ben bernanke. it found staff were using out—of—date software with functions that could be automated, often performed manually . it comes after several manually. it comes after several of the bank's forecasts were repeatedly inaccurate during a penod repeatedly inaccurate during a period of economic turbulence . period of economic turbulence....
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Apr 12, 2024
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there are serious shortcomings in the bank of england's economic forecasting methods, according to a report by former chair of the us federal reserve ben bernanke . it federal reserve ben bernanke. it found staff were using out—of—date software with functions that could be automated, often performed manually . it comes after several manually. it comes after several of the bank's forecasts were repeatedly inaccurate during a penod repeatedly inaccurate during a period of economic turbulence . period of economic turbulence. the price of a cup of coffee is on the rise. arabica beans hit an 18 month peak. both vietnam, which is the world's largest suppuer which is the world's largest supplier of robusta beans, and brazil, the top producer of arabica coffee, have been hit by poor weather, stoking fears of a supply shortage, with both varieties rising sharply since the start of the year. coffee roasters in europe also say that supply chain issues are having an impact. complicated by houthi attacks on commercial shipping. it comes after poor weather helped push up the price of cocoa sho
there are serious shortcomings in the bank of england's economic forecasting methods, according to a report by former chair of the us federal reserve ben bernanke . it federal reserve ben bernanke. it found staff were using out—of—date software with functions that could be automated, often performed manually . it comes after several manually. it comes after several of the bank's forecasts were repeatedly inaccurate during a penod repeatedly inaccurate during a period of economic turbulence...
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Apr 10, 2024
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of england. >> i explained i wasn't >> i explained that i wasn't going to for labour going to vote for the labour party it would do so much party as it would do so much damage to the country, but rachel hasn't given up rachel reeves hasn't given up on earning vote yet. indeed, earning my vote yet. indeed, she's hmrc staff she's promised to get hmrc staff back the office to boost back to the office to boost customer service, which in my mind straight seems be mind straight seems to be straight out of the rees—mogg playbook. credit playbook. as ever, the credit goes political editor goes to our political editor christopher hope. >> one of the reasons why we lose so much is that lose out on so much tax is that simple questions are not answered the phone is answered because the phone is not answered. my personal preference be in the preference is to be in the office colleagues. find office with colleagues. i find that productive , more that i'm more productive, more efficient, able to talk to my colleagues, learn and colleagues, able to learn and interact. i think whether you work the pu
of england. >> i explained i wasn't >> i explained that i wasn't going to for labour going to vote for the labour party it would do so much party as it would do so much damage to the country, but rachel hasn't given up rachel reeves hasn't given up on earning vote yet. indeed, earning my vote yet. indeed, she's hmrc staff she's promised to get hmrc staff back the office to boost back to the office to boost customer service, which in my mind straight seems be mind straight seems to...
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according to the bank of england, mortgage approvals rose to their highest level since the market turmoil sparked by liz truss's mini—budget, and house pnces truss's mini—budget, and house prices fell by 0.2% in march. that means the average price of a home in britain is now just over £260,000. the government's face criticism today of its plan to expand funded childcare for working parents, and in the very first week of it being rolled out across england, meeting parents in hartlepool this morning, the prime minister rejected claims that nurseries just can't cope with increasing demand as a result of the new policy . rishi sunak says the policy. rishi sunak says the package of support for families has introduced in stages to give time for more places to be made available at nurseries. but the leader of the liberal democrats , leader of the liberal democrats, ed davey, says it shows the conservatives are out of touch . conservatives are out of touch. >> it's not just about registering, it's about whether the childcare is actually there. and in community after community, people are fin
according to the bank of england, mortgage approvals rose to their highest level since the market turmoil sparked by liz truss's mini—budget, and house pnces truss's mini—budget, and house prices fell by 0.2% in march. that means the average price of a home in britain is now just over £260,000. the government's face criticism today of its plan to expand funded childcare for working parents, and in the very first week of it being rolled out across england, meeting parents in hartlepool this...
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Apr 14, 2024
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. >> one holds the bank of >> no one ever holds the bank of england account. or the obr england to account. or the obr policy is made their policy is made on their decisions a lot of the time. >> but she didn't consult them. >> but she didn't consult them. >> did she know she had no. i also have to question the advisers, say regularly on advisers, and i say regularly on here, believe our mps are here, i believe our mps are advised by some of the worst people out there. they're clueless . clueless. >> do you think, matthew lawson? >> do you think, matthew lawson? >> well, i when i was doing it too, you were a former adviser. >> i'll come to you. >> i'll come to you. >> i know adam wouldn't tell me that, but, the look, i think that, but, the look, i think that you're right, to the extent that you're right, to the extent that i think that the tory establishment wanted liz establishment never wanted liz truss. think they wanted truss. no, i think they wanted rishi, more in line. rishi, who is much more in line. and obviously, bringing cameron back that, you know,
. >> one holds the bank of >> no one ever holds the bank of england account. or the obr england to account. or the obr policy is made their policy is made on their decisions a lot of the time. >> but she didn't consult them. >> but she didn't consult them. >> did she know she had no. i also have to question the advisers, say regularly on advisers, and i say regularly on here, believe our mps are here, i believe our mps are advised by some of the worst people out...
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Apr 16, 2024
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of england peril, and the bank of england stepping in to stabilise the money markets, which of course, has also led to them responding with putting up interest rates and paying more on with putting up interest rates and mortgage paying more on with putting up interest rates and mortgage as ying more on with putting up interest rates and mortgage as ang more on with putting up interest rates and mortgage as a consequence. their mortgage as a consequence. we've warning that actually we've been warning that actually what with rishi what you're seeing with rishi sunak truss 2.0, sunak is potentially truss 2.0, because if you look at, i think it's i've not got the i think it's i've not got the i think it's page 246. in liz truss's book, she talks about wanting to aboush book, she talks about wanting to abolish national insurance, how she made a speech at the tory conference in 1997 where, in front of an admiring margaret thatcher wanting to abolish national insurance. and this is exactly the unfunded commitment that has been forced that rishi sunak has been forced into adopting, where liz
of england peril, and the bank of england stepping in to stabilise the money markets, which of course, has also led to them responding with putting up interest rates and paying more on with putting up interest rates and mortgage paying more on with putting up interest rates and mortgage as ying more on with putting up interest rates and mortgage as ang more on with putting up interest rates and mortgage as a consequence. their mortgage as a consequence. we've warning that actually we've been...
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Apr 28, 2024
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i'll discuss that with former adviser to the bank of england, .gov roger gewolb stefan kyriazis will, of course, be here to talk about his latest theatrical adventures from strangers carrying a cake across new york city
i'll discuss that with former adviser to the bank of england, .gov roger gewolb stefan kyriazis will, of course, be here to talk about his latest theatrical adventures from strangers carrying a cake across new york city
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Apr 27, 2024
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priorities, most of which is supposedly down to the bank of england. >> this defence stuff that you're saying is a win for sunak. it really is too little, too late. we had a he had a perfect opportunity at the spnng perfect opportunity at the spring budget to bring up defence, which everyone was expecting. didn't say anything, just came up with some fake tax cuts, tried to trick us into think that we're going to end up with more money in our pockets. but actually we because of fiscal drag, that's not the case. so it was a rubbish budget. he had a good opportunity there to do something good. he didn't. it's only now at the last minute that he's decided to say, oh, actually we'll put a date on it and say 2030 rather than say when economic conditions allow as they did before, which was just ridiculous. well, i think probably at the time of the budget, you know, it was still maybe being worked out. >> it wouldn't have been ready in time. he's someone that isn't going to take a risk with the people's economy. he's not going to take a risk with people's finances. and so i think he was waitin
priorities, most of which is supposedly down to the bank of england. >> this defence stuff that you're saying is a win for sunak. it really is too little, too late. we had a he had a perfect opportunity at the spnng perfect opportunity at the spring budget to bring up defence, which everyone was expecting. didn't say anything, just came up with some fake tax cuts, tried to trick us into think that we're going to end up with more money in our pockets. but actually we because of fiscal...
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Apr 13, 2024
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there are serious shortcomings in the bank of england's economic forecasting methods, according to a report by former chair of the us federal reserve ben bernanke. it found staff were using out—of—date software with functions that could be automated, often performed manually. it comes after several of the bank's forecasts were repeatedly inaccurate during a penod repeatedly inaccurate during a period of economic turbulence , period of economic turbulence, and social media giant meta is under fire for lowering the minimum age for whatsapp from 16 to 13. campaigners say the move is tone deaf and irresponsible. however, meta says the change bnngs however, meta says the change brings the app's age limit in line with most countries and they say protections are in place. it comes as the tech firm, which also owns facebook and instagram , unveiled a range and instagram, unveiled a range of new safety features, including an automatic blurring feature on what's described as intimate images. that filter will be on default for those aged under 18. for the latest stories, you can sign up to
there are serious shortcomings in the bank of england's economic forecasting methods, according to a report by former chair of the us federal reserve ben bernanke. it found staff were using out—of—date software with functions that could be automated, often performed manually. it comes after several of the bank's forecasts were repeatedly inaccurate during a penod repeatedly inaccurate during a period of economic turbulence , period of economic turbulence, and social media giant meta is...
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sure but it's because of the that the bank of the action that the bank of england has had to take previously could to take. >> you're absolutely right. it would affect us equally. but would affect us all equally. but one issues that i worry one of the issues that i worry most about is people having a good place to live generally, and also being able to buy their own home, which is what a lot of people want to do. and the truth is that we need to build more homes . and labour's got homes. and labour's got a commitment to build more homes precisely so that we can help people own their own home. for the first time. what we're pointing out here is that whilst the effect of making huge unfunded tax commitments would land on all of our shoulders , land on all of our shoulders, you know, the impact of that on some people is, is really great. and when you're at that point of trying to buy your first home, it's really stressful and you save for your deposit and you go through all of that because you want to put down roots. so i would just say, yes , of course, would just say, yes, of course, you're r
sure but it's because of the that the bank of the action that the bank of england has had to take previously could to take. >> you're absolutely right. it would affect us equally. but would affect us all equally. but one issues that i worry one of the issues that i worry most about is people having a good place to live generally, and also being able to buy their own home, which is what a lot of people want to do. and the truth is that we need to build more homes . and labour's got homes....
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england form a bank of england economist, she's much, on economist, she's very much, on the, on on the same page as them. they'll certainly be more comfortable with her than they were with, say, kwasi kwarteng, who, know, who sacked the who, you know, who sacked the head tom head of the treasury, tom scholar. think they i think scholar. i think they i think they'll with, with they'll be happy with, with rachel chancellor all right. thank you, george. great to >> thank you, george. great to see senior politics editor see you. senior politics editor at george at the new statesman, george eaton . now, andrew, eaton there. now, andrew, strongly agree on this one. the government disagree with. sorry i can't even agree on what i'm saying. i have a mistake. very windy in the night last night. kept me up most of the night. right. me and andrew strongly disagree on this the disagree on this one. the government the government has backed the decision athletes decision to let russian athletes compete at paris in 2024. quite right too. those poor athletes aren't the ones dropping the bombs . we'll
england form a bank of england economist, she's much, on economist, she's very much, on the, on on the same page as them. they'll certainly be more comfortable with her than they were with, say, kwasi kwarteng, who, know, who sacked the who, you know, who sacked the head tom head of the treasury, tom scholar. think they i think scholar. i think they i think they'll with, with they'll be happy with, with rachel chancellor all right. thank you, george. great to >> thank you, george. great...
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may mean that the bank of england pauses yet again before it lowers interest rates for the first time. i am still expecting the first rate cut to happen in june, but there are some signs in financial markets this morning that date may once morning that that date may once again, unfortunately for those on mortgages, fortunately , if on mortgages, fortunately, if you live on your savings, that that first interest rate cut may be delayed now beyond june . be delayed now beyond june. >> oh, it's giving me flashbacks to when that we were all waiting for freedom day during covid, for freedom day during covid, for all those restrictions to 90, for all those restrictions to go, and they kept pushing it back and pushing it back. maybe we'll get freedom a we'll get mortgage freedom day a little bit later. liam halligan and moody, and indeed, jeff moody, thank you very much for bringing us all of that. >> yes, thank very much >> yes, thank you very much indeed, up. yeah. indeed, well, coming up. yeah. waiting waiting interest waiting and waiting for interest rate cuts. although some people will
may mean that the bank of england pauses yet again before it lowers interest rates for the first time. i am still expecting the first rate cut to happen in june, but there are some signs in financial markets this morning that date may once morning that that date may once again, unfortunately for those on mortgages, fortunately , if on mortgages, fortunately, if you live on your savings, that that first interest rate cut may be delayed now beyond june . be delayed now beyond june. >> oh,...