is the consumer one to leave freely, connect with our community and tap into conversations you will find elsewhere. we have to be able to educate ourselves to be able to identify what is freedom and what is it not to stream on? how does your the laura kyle, this is counting the cost on outs area. we can look at the wealth of business and economics. this week button is again costing tax as to whether this has of elections. but tell me the consumptive governments punch it for 2024. when those items surprise i have holes and test stops egypt for like billions of dollars in loans, important investments. will they help shore the economy and bit points as well?

what's behind the searching price of the digital coins? and is the crypt type code? is the industry it can't come by? the person slipped into a session late last year. many people as businesses struggling with a high cost of living, the concept of policy is bustling for its electrical future against a bleak economic backdrop. the spring budget of 2024 was seen as an opportunity for tom said jeremy hunt to offer the dates of some sweetness, consecutive governments as training labor in the pose, but is a 2nd tax caught in full months enough to shift the political dial. we'll. we'll get to that with a guest and just a moment. first, this report from harry force it in london. the britons government. conservatives trading by double digits in the polls. this month's budget needed to be a momentum shift to a vote to get to from a to the 6 employee. national insurance will be cost by

another to be from 10 percent to a headline measure was a costume national insurance contributions estimated to save the average employee nearly $600.00 a year. does it take to buy to what do you know position later? part of the policy ending a tax break to those domiciled tax purposes. outside of the u. k. was the prime minister went to so that the voters analysis showed the overall tax good already at its highest rate since world war 2 would continue to grow. one post budget po, so late, the extended sleep, i guess it wasn't unexpected. that was something so by placing as a child benefit, i am conflict story. but quite frankly, i think the present time and i need to get out now by the news just for the space that he's using to promote yourself during a difficult time for the challenges that face. and the government is also being criticism from the government's fiscal watch talk to i'm clear on potentially competing commitments to increase some public spending for reducing taxes and the

size of the national debt. we know the government's plans, the national insurance. we know the government's plans but your energy taxation in 5 years time. i'm but what we know about governments plans for spending on public services runs out often march of next year by march next year. the most observers expect the conservatives to be out of power. labor is projected to win a comfortable majority, even in office though labor will have constraints, especially now. the conservatives have spent money. labor was intending to spend elsewhere on this national insurance cost, which is $1.00 less leading think tank says it's time. a bold reproach was taken means either borrowing or raising tax to invest detected, but you cannot cut your way out for crisis. and as to what we need instead is for them to spend that way out of the crisis. and there were ways to achieve that so long as they type books themselves in with all baterri fiscal rules, sol suggest the national health service and the cost of living top vote is

concerned territory. labor will look to occupy when the campaign profit gets underway. very close it out is the risk of counting the cost london, which one is now from london is freddy met, she's chief economist at global data num bought great, happy with his hair on canceling the costs for. so what do you make of this budget? we've got a 2nd cut in months to national insurance types of paid by what, cuz but how much difference would it actually make to what? cuz to the economy and, and ultimately to the conservatives. well, in this stage, inflation is coming down. so really income suit should start to improve um, but that has been a very tight position for a walk us for some time now. and so the tax scotts in the, in a way help. but to me it's a, it's a, it's looking in the wrong direction. it's this whole budget has been um, dominated as the previous budgets and recent years by this discussion of, of, of fiscal rules, which seems really more of a full cycle to me. that then that's,

that's a, a constraint that the government has as almost on necessarily imposed themselves not to say that there shouldn't be any kind of a fiscal rules and management. but the type of fiscal focusing on i'm trying to bring down jet that to be uh over a 5 year period. oh, by a 5 year period. it's a, it's a sort of um, the wrong staffing place. instead of focusing on, on trying to bring down that to g d p, the question should be, okay, well, how can we improve g d p instead of instead of being handed, this sort of fiscal head from which, which the government has spent on kind of national insurance, contribution costs and, and some, some improvement attempts to improve productivity in the, in the, in a, just the question should be kind of, can we, can we go farther than just trying to, to, to rehash these, these, um, these, these attempts to, to improve productivity and look at the fact the, the,

the real spending per capita is still going to be fully in the backdrop where that there is already a dire need for spending in injustice our dictation across, across the board. and that, and actually create the type of environment in which businesses could, could flourish. so i think that's just to jump in and use that same green with the list. and how is report that we should well present, shouldn't be spending more rather than costing back, despite the spiraling that the government should have got itself into this. this northeast of the social feeling prophecy, which is almost institutionalized at this stage. and the bank of england is a part of that as well with by the, the office of budget responsibility will hand hand to the government a week, break full cost. and then the government will say, oh, well, we need to do something to, to constrain the deficit in that context. both of them recognizing but there is

spending, but that needs to be done the most obviously within, within the health sector because they're, they're a 6400000 people that are waiting for, for treatments and the number of long term 6 people that count, well in the government is that fluid having to pay the wells bad they'll all these people has has risen very, very rapidly over the course of the costs the past few years. so. so making that spending to res per capita investment in, in health care, which, which makes, makes absolute sense. and it's a complete false economy to, to, to fail to meet that spends that. we've got general election coming up some point this. yeah. do think the condo position policy, the labor policy was many projects we'll get into power. we'll take that approach to the economy. i think given the recent history, the worry is the, the, the kind of the shop was sent through markets by the, the,

the attempt of trust and costs and to transition in a, in a completely inept way, in my opinion, to a, to a gross policy rather than a debt focused policy that has, has now put policy makers on the back foot. and then now worrying about, you know, they have to be physically sensible again and, and, and trying to, to, to stick to these, these fiscal rules of before late. but yet since apollo it's yes, you mean that that that's the direction that is, is going to do on fold. it seems unlikely that they'll that will come out and kind of say anything that would result in that sense. but i think my expectation is given, given the sort of the clear spending that needs to be done, the then might be some transition in the nature of fiscal rules, for instance, taking investment out. so that kind of fiscal rule of over can a 5 year period so that the government can make necessary investments. okay, without feeling is getting up against it. so just briefly for a,

for are we still the u. k. economy growing by 0.2 percent in january, that was off to it sank into a 2nd recession at the end of last year. is it turning a corner? is the outlet looking price a that lead the leading indicators for kind of a 3 to 6 months outlook look back to for the u. k and actually across across europe . so that's, that's a, a positive sign, especially inflation is, is coming down relatively quickly, but wage growth is, has remained a reasonably kind of sticky and it will, it will probably start to, to, to decelerate. wage by wages will probably start to, to be separate. but what that leaves us with is the part of the cycle where bill wage price starts to come through. and essentially, the part of the cycle way of the walking population walk is actually get the share of, of the, of the pi a over the pulse going over the pulse cycle. that stuff tends to be in a kind of

a capitalist economy when that happens. so that's, that's a, that's, that's a kind of a, a positive the negative, unfortunately, is the policy you still fault. you type a base in terms of, of the school and in terms of monetary policy. and so that's a drag against that happiness by a burgundy to speak to you. thanks so much for taking the time to join us here on counting the cost. the soaring inflation and a severe shortage of foreign currency, all hits in egypt. the comic crisis has been lessons by the will on garza. i'm the middle east nation has come place to defaulting on it. that's if it doesn't make fun, not sure reforms to attract investors. so the government has delivered its biggest of a height and interest rates and allowed its currency to float. these measures have released more than $40000000000.00 and investments and loans from the united arab emirates. and the international monetary fund as well, could be on the way to engage and meet reports. the chips and pound just had

a problem. so we use in not many egyptians wanted. they prefer to have us dollars. many believe that currency is a lot more stable. but digits, reserves of dollars, have them running out. and the gap between official and black market exchange rates has been huge. now the government is allowing the egyptian pound to trade freely on the foreign exchange market. it's part of a deal with the international monetary fund to lend egypt around $8000000000.00. observer safety regulation has been made possible in part by a recent announcement by the u. a. e. to invest $35000000.00 developing the russel hit by peninsula on egypt, mediterranean coast, and the book, and then we can, might have an approximate rate of $45.00 to $50.00 egyptian pounds to the dollar after getting money for the rest. i'll take my project as well as funds from the am, if i'm the u. p in union. now we can achieve a flexible exchange rate determined by demand. egypt has the value it's currency 3

times since 2022 bought has maintained controls to fix its exchange rate is decision is the 1st time the currency will be determined by the free market. it's a long time coming of egypt shall depos anticipate is and investors have been putting pressure on the government to actually do this. to narrow the divergence between the official and black market rates. within minutes of the announcement, the jeep sion pound sign against the us dollar to a record low. many egyptian say it's making life unbearable. is everything in our life link to the us dollar. what happened to the egyptian pound is worthless now? a $10000.00 egyptian pound salary is no longer enough for a family in a month. in egypt, economic crisis made was by the korean of ours pandemic and russia's invasion of ukraine has been further exacerbated by the war. wrong cause of say much. so the

mass has agreed to accelerate the learning process. the most direct impact is from the switch canal they use to collect $700000000.00 per month from revenues. now traffic is down by 5560 percent bring the egyptian pound may be welcomed by international investors, but addictions are likely to face more hardship, at least in the short term. victoria gave some b, l, g 0. so counting the cost. well, here's a quick look at all the countries, the i m f has approved loans for in the past year, packets to ongoing 3000000000 dollars that help prevent the country defaulting on. it's that so been soaring, inflation, $2900000000.00 went to shoreline cause to rescue as bosses economy. the government implemented spending got some tax hikes to secure enough support. and earlier this year, the, i'm ethically to $84700000000.00 line for argentina and facing that has reached

a 160 percent. and 40 percent of the population are living in poverty. well, let's go now to egypt and speak to met at nasa. he is a professor of economics at kyra and denial. university is great to have you with us. they are most 8000000000 lane to egypt. it's huge. why has it on the u. a been so quick to aid egypt potential recovery. i am a good day and thank you. thank you very much for having me on the show. and 1st of all, and, and we have to repeat the what, what has been repeated in the media that it has to be to, to, to fame and to meet the fans because of what is happening in the region. and it's very important to see it from this a segment. we're using this lens because, you know, egypt is a very important to the user and for the stability. and also to counter some of

the integrations to europe. and the 2 other part of the, of the, the why cheat and they made it to the union. and also because egypt is suffering now a more than ever, especially after, uh, because scathing crises, it's that sort of thing from the cookie 19. and then to creating a russian war. and now as you guys are, as at work, is this, is this going to be the rescue that's gonna save it so oh, is it still at risk of failing? yeah, of course we, we, we don't have actually the risk of failure. we had a problem was and, and issues we stick with the tea and was wanted to retire, think was wanted to retire. think we fiscal a certainty that we are looking for. we're actually, we can continue in the hyper installation, which is the 1st enemy to the people. after containing the hype installation, we can restore that remittance, has them come to restore the cash flow of the capital flows from

a wrote. most of the cash flows are re, um, essential and for the, for these options, the economy actually our and and ratio. our savings issue of saving graces from 6 to 8 percent of the to be and it is, it is not enough to sustain any a growth, obviously to be from 6 to 8 percent that is anticipated. so unless we feel these gap was a forwarding investments, like hopefully for the nice the invest, so i look at and not in that i or, or any hope plenty, and we cannot survive a we such as their doings and such a new challenge of egypt for the 1st time has had its pound valued by the free market at last more than 60 percent of that value with an hour of flotation. that was disastrous. for many people in egypt. what is the likelihood of it stabilizing? well, actually i cannot call it

a freeflow think we cannot have officials even though to contribute themselves said some countries are electricity cannot have a the for useful conclusion. we can be lucky if we have the soft picked energy and the soft spring and it's liquidity in order to be solved in order to have to have some flexibility. so when, whenever we receive a good but we have good buffers to defend. uh, the uh, new rate and we can have such as the valuation and division this time was very important because you know, the gap between the pad of that market and do for sure. great. it was huge. and so, so we had to go. busy this way and also to, to, to counter the, a foreign country crunch, which was, am i going to get think was actually and passed through to the installation in a very a and a bad way. you know, and most of our inputs, a lot of strategic. so we don't have any elastic inputs,

we don't have any in this dispute, you think was an input, know 75 percent of that. there's a goods and earl materials and, and actually we import like the, what we explore. that's why we have this is a chronic disease. this is a disease that we, we must look at the differences between different it's actually external and internal difference. it. everything else is out of symptoms. the cut into crunch and even the hyper installation, it is a, they are all a symptoms to this, to, for the a very specific a disease that we all know the big elephant in the root, which is a, the differences between differences. we keep feeling these differences up by having a mega projects by having the white elephant projects. and we kept a few example for long and we kept a few of them actually by having the external dec reaching $165.00 a be junior as dollars. so we're became very near to a solven's issue. we didn't tap before. okay. me such a sense of adoptions,

a living in poverty. it is a huge number. how long will they start feeling some of the benefits of these for phones? and i believe they were suffering from the hyper and pollution very badly so we can monitor each i think and the loosened control. ready of deals and control on the us dollar when a try to a tackle both sides of the installation, the supply side, dripping and the demand side demand side by absorbing the excess liquidity and supply side by a v link interest of goods. as i said, we had the backlog of goods in the thoughts that we cannot afford to, to get into is out of the availability of the stock. so the shortage of income office at began reflecting directly and passed through life need to and inflation and having the and installation reaching adults like 40 percent a year. and this is the form of what they appreciated what i mean. so yeah, so, and i believe that in the short term and see what they might suffer even more

because of the, you know, some, some goods where in posted in a, in a, with using the old and controlled great and searching for adults. but now it will move a little bit. yeah, so this is, this may be all set up a little bit by having a more comment that is available in the market. so that the, uh, the market step lives again, was some sort of competition. competition that makes prices a little bit lower than that, and i thought we do have to leave it that but great to speak to. thanks for joining us. thank you. know young people in south africa are a bearing the brunt of the country's highest unemployment rate on record. 40 percent of people under the age of 34 hours of work. wait a minute, has moved from the north, west province, one and 3. so the africans are unemployed and those between the ages of 15 and city

full make up 40 percent of those without jobs. that's 4600000 people. club on the, on the to milwaukee and he's friends live in, grew up in the township of my philosophy in the northwest province. if not, had steady work for years. i was in high school in high school. i thought it definitely with a bit of i to cross and see in the offline for meeting. so i kind of understand a bit of coding and stuff. great development. but finding employment has been quite difficult. i think the last thing i meant i had was sometime last year for me. so if i have to leave for me, so it's difficult for me because i don't know if i may. so i don't want to clarify this. i did find something to help me with this moment pushing me tease according to the world bank so that africa is one of the highest levels of any

quality in the world. with more than a half of the population, living in poverty and the worst. and the economy is making their lives even more difficult. the ruling power outages crumbling, infrastructure and corruption of negatively affected investment and economic growth . this is an election year for south africa during its manifesto launch the governing african national congress, promised to create 2 and a half 1000000 jobs over the next 5 years. critics say, despite being in power for 3 decades, they and see hasn't managed the economy effectively. and even more people now want employed, the government is encouraging people to open their own businesses, especially those living in rural and outside of an area is meant to do. but tyler says he's been trying to stuff his own business, but hasn't had much luck. no help from government officials. others blamed governments they use. it's not easy to get. find these things because the

collapse is you get paid to just just you on the whole. so that's a little bit challenge. while these young men say they need to on an income to support themselves and their families, they say daily work is just as important for their dignity to meet them in the alter 0 for counting the costs north was province of africa. bitcoin last more than 60 percent of its value in 2022. the crypto currency market shrunk by moving to trillion. dollars that yeah, the bullets how bits claimed was pronounced dead by many observers. bonds. the king of crypto is once again winning over investors breaking earlier records when the industry was booming last week just to kind of say, it's a high of move in $72000.00. as previous record was just under $69000.00 in november 2021. price is crashed to below $202022.00 of to several major

crypto companies went bankrupt to. well, joining us out from dubai is jamil as my, the chief analyst at c, a g t secret. that's an online trading brokerage. that great to have you with is a big content, quite the journey as it does. but more about why we've had this for such as now this time is very hard. we act though, for successive days the boyfriend is reaching out for subject $3000.00 us dollars as of the past 24 hour. ready generally speaking, a couple of people is very much back in the shop. we more than double the price over the past 6 months and essentially is 2 different types of play. again, number one, back each here products finally get approved. that was what left the ready to start in october. so i'm a big con was a friday just about 13000 list on this. that means you have products from the us as securities. brinkley likes that. that essentially meant the institutional money. ready is 1st serious invest the money i bank covered. so it was starting to not be attracted to it's a conversation that was a major drawn. secondly,

we have all of that, which is a technical step. but that such 2nd phase, and the one that i've seen is reducing the matching corner is by going to be honest like elation. and then you have a some time demand back to play right now. certainly isn't biased lock yet. so the less demand, the most of my job, a big one of the less of finding out if this happened does take place. that's, was it pushing prices as well. okay. are you saying that the big coin was originally created to bypass existing financial institutions? and yet now we have the arrival of institutional investors hoping to fuel its rise . the best complete address, the big one used to be seen as a millennial investors. some somebody used to be saying this for generation. see what you're seeing now, what the institutional money these are the real awesome my interest in other real financial buyers that dominate the financial last stage. not big ones, very much saying that we've been here for 10 years or so. we're still the number here just by what the people like and that's what you see, what the institution some money. and just because the crypto countries that will

bring it up in flyers in dollars just and the best one on the exchange trader products that is just very serious products. and that shows the institutional money, which is fine for the major bunch of vice. they are now starting to lean into groups of guns as well. so with the list excitement surrounding that point, is it a good idea for the average investor to put the money into it? if you look to the china, the china, they say a picture says 1000 words by trading balance is biased, not to but of course. ready not to say to be every day, personal history of the everyday person that you never invest. anything more the group exemption, but that's loose because on the, remind me bring what you saw was the video one in 2023. we had this in 2021, the one who's more than 61 percent of our company. i'm sure you mentioned in the interest that was. ready previously, about of 2021 and there was more than a game in 2022 before that right?

that resumed into 2 bond like 2000 from sprint. so as well, any investments, any type of investment aspect as well. what comes up might come down and what investments i'd really like to move it even the price direction. but right now, yes, really for the price me, the more than $20000.00 less dollars i would just the price won't change while fleeting. now the signals that suffice into the market, but of course the seasons change and things that they have pets to put in what you've had to lose great advice html of much money. thanks for joining us on counting the cost. and that is also for this week, but remember you can always get in touch with as far as the west side is the hash tag h a c t c. when need to office an e mail counseling. the cost of the out is there a dot net is our address on this engine will view online at onto 0 dot com full slash ctc. that'll take you straight to our page with individual reports, links and all of the back episodes continue to catch up on the lot set from us at

counting the cost for now. i'm nor a kyle and from the whole team here. thanks for joining us. the news on al jazeera is not the in 2022 because the rain made a sensational view by winnings of boxing well, championship decisions. we've been given rare access to india and then big training center to meet the 27 year old. a c protest to defend how well tied to the office and again, i don't think that would one second to board, but yeah, not good. may i ask who families who belong to a job? they like, it's not like your support, mainly the local baggy and i'm like, equal was torn up for 90 cock. it tried to get, i don't see, it says what i did the as a to be. so that'd be made talk you match for smelling d,

a boot whole occupation resulting in a her wrist take your time out to see it was investigated, units interrogates the evidence and reveals voltage presented to the world to justify israel was soaked on gossip. dozens of children bound them up during them and executed them. this information has been used by official supports person october 7th, on tuesday or despite being housed in 2018. slovakia as prime minister is back in power along with his hard line politics. he needs someone to hate. that's helping his own words along with food in how would his reappearance affect neighboring you prayed and the persecuted minorities within the slovak republics, borders? honestly, i have to say that i met free. go back here. the return of itself on the jersey to

the of the israel's raised on l shape for hospital and goes on hospital stuff. patients and the space palestinians, or sheltering inside the compound, the hello i'm associated, hey, and this is out of their life from the also coming out of the or john, this is my uncle has just been released by is there any forces off of a beat and detained him well covering that.