and knowing that i'm active, it's going to be changed to the change. it's really a rewinding feeling, sleeping on water. and the go from the new series of africa direct on, i'll just sierra the although i'm adrian said again, and this is counting the cost on i'll just say right, you'll wait to look at the world of business. and the total is this rich persons, economic growth says ground to a halt. the main political policies have laid out their plans to fix that in their election manifesto is the time they bring about real change. the time respectful helps of the u. s. head chinese made electric vehicles with high level east to that, spock trade war and

a little mosques. i'm hoping to pay the 1000000000 that has been awarded the largest compensation package, go on to, to an executive at a us listed company. but is key was that the, the economy is turning a corner. that's the message delivered by the british prime minister, risky. so not since cooling the general election for july 4th, boston. the latest data shows that britain is not out of the woods yet. inflation is now back at the bank of england's target rate, but economic growth flatlined in april and millions of people are still feeling the pinch of hi food energy of housing prices, which have a party wednesday election. it's going to face the challenge of reviving growth form, limiting a rise in government debt. political policies buying for votes have laid out by plans to achieve fast. it sounds like what we've seen over the last week is manifestation impact the major policies. and because a choice of the selection between a conservative manifesto of the office, a clear plan to deliver a secure future for persons taking both actions and negatively causing taxes of

people at every stage of their life. so people in work who are self employed buying that 1st time families and in dates everyone has were tied as well and contrasts or no ideas from the labor party. just holler taxes 2000 pounds worth of hold on taxes . every working family, i don't want to see that happen. that's a choice. it doesn't sound like all the stakes. the high for the prime minister polls suggest the labor policy is on costs for a reco general election when the leader of the opposition party has criticized the conservatives for presiding over 14 years of economic decline. keeps thomas said the economic growth and wealth creation of the top priorities of his government, if he's elected prime minister, stability tales long term opa schultz to an end to the desperate era of justice and gimmicks. and to return to the serious business of rebuilding outcomes for rebuilding, but must put in 1st and foremost with new choices of economic growth factors. the

mom that we see from britain, this selection a mandate for economic drugs. because the way we create wealth in this country is broke, it leaves fall to many people feeling insecure. people who are working hard on doing the right thing. so we will reform it and we will keep all refolding it until it delivers for the old policies are promising to revive the produce economy. let's take a closer look at how the conservative say that they will cost around $21000000000.00 in texas. they've also pledged to fix the case housing crisis by building 1600000 new homes over the next 5 years. i'm to recruit files of nurses and doctors by 2029 to meet the staffing needs of the struggling national health. so this will an h s. labor proposing around $9000000000.00 in revenue raising measures that include

extending the current when full tax on oil and gas companies. they say their policies aimed at alleviating the cost of living crisis for the most vulnerable in society. and they promise to advocate around $6000000.00 per year on the day to day spending. the things like school breakfast clubs more, n h s appointments at a logic police force. other policies wanting include the liberal democrats on the green policy. they propose raising taxes to fund the social health and environmental policies. and nigel for roger's wife wing policy reform, you k, say they will insure net 0 migration. they'll implement major of tax cuts and reform the bank of england. pulse suggests that while a victory is out of the reach, the policy will likely make gains by winning of a previously held conservative seats. will the health of the world's 6 biggest economy is expected to be the main factor in deciding the outcome of this election? here's a look at the status of that economy right now. and as you bills and items on store

shelves will still cost more than they did before. the pandemic wage growth remain strong and the 3 months to april. but mortgages and grants broke his head. anything to household income's? well, people are falling into poverty, a more autonomy to food banks. trussel trust says that it provided 3000000 emergency food parcels to people in need last year. and that's a rec, a good number for the charge of the number of patients wasting from non emergency treatment of the national health services climb to around 6300000 in march. now, when they cost that bonnet, smokers will likely consider whether that better off, since the conservatives came to pa, in 2010. that period is included the double economic shocks of a pandemic and the war in ukraine to discuss all of this. joining us not from london, michael jacobs sees a professor of political economy a full i'm a senior advise us for the global commission on the economy. good to have you. with this up, michael term, the british economy a full,

the tax and spending promises that the, the major policies right now selling to votes as all the other pledges fully and realistically cost as opposed to the major parties. we claim that the plans also the costs and lots of the independent commentators are doubting that. and the reason for that is that the current plans on which both policies are based that they manifesto, priorities include some reading rather incredible claims about the future. where spending does not go does not rise in line with the demands, for example, on the national health service, which are very strong. so mostly independent commentators other us about the claims being made by both political parties. not because they won't do the things that they say they're going to do, but just because the underlying situation of the partition public finances is really very poor and growth as your look. a report that has said has been extremely

weak, not just over the last few months, but consistently really over the last 14 years also. but particularly since the pandemic of the british economy is just built in a very good place. and obviously if the economy is not growing, then it's very difficult to fulfill your spending and your tax pledges. fiscal responsibility is baked into the dna of state. the conservatives who are in power right now. well no, i would the other down that's i think it may be back to, to the way they talk about it. but if you look at their right to a record of, it's been a big, strong, moderate fiscal, a fiscal position. we know that in the so committee budget to the very shortly prime minister of his trust. i'm coasted, tax cuts and spending meant that the pounds bills were wrinkled, low interest rates wrote very highly that was not a fiscal responsibility. and i think it's a very old claim to claim that the conservatives all the guardians of fiscal responsibility, except that was one of out of my mouth. i use it before i could even ask the questions here. do you anticipate what i was going to say? why it's not the policy 5, the 2 major policies talking about brake said,

which it could be argued as cosmo home to the british economy. then the, the pen, demik, old of war, and ukraine combined. and that's true. um the independent uh, estimates all the dates taken about 4 percent of the british gdp and button damage will continue. as long as we're out of new york in a single blocking customs union, that's the case much the largest, biggest market meeting, 50 percent about trade goes, is with the rest of your, of but that decision that has been settled. and the reason the 2 parties are not talking about it is that they both concluded rightly in my view, that the british public made a decision in a referendum right or wrong. and do not regard it as appropriate for government to come home. just a couple of days later and say we're going to go back on the decision was made by the british public. what did he think about that decision? that was a democratic choice in the method that the government off the british public to make. so they're not talking about it, but it is the underlying problem that,

that has made the company was over the last few years since breaks it happened and will continue to do so over the next month. the adults being completely on taylor from the you help or hinder the british economy. it, is it better off on its own? ultimately, no. it simply called b. and that was always known. and in the way the british public going to voted for breakfast even knowing that they were told this during the referendum campaign. but nothing caused by the people who were asking them to vote to leave the you. but how big is small feet is the one that's closest to out to out those that. and that's where british companies need to trade, but imports and exports. and they find it really difficult. the bureaucracy that is required now to trade into the water or out of it is ridiculous. so many companies have just given up this and not doing it anymore. and the extra about extra friction, the trade has real economic costs. and so it's,

it's more or less impossible to see how any situation, however, the u. k. economy develop, we could be better off out of your, which certainly most of them and brittany is still a major economic part of, but for how much longer to what extent will it continue to be buffeted by a global economic without far beyond its control. many countries out of the body economic, whether that comes from the united states because of the cost of the dollar particular from china because of it shift size now in the global economy and particularly in supply chain. and the u. k is adjusting to the fact that relative to other countries, inevitably in the rest of the world. but as you go and he's going to get smaller relative to the, the total. but we have some particular problems which i'm not experienced by other countries, you know, positioned in europe. we have a very, very weak grows, a growth record. and that's because our investment is very low. neither the private businesses that operate in the u. k. know the government invest at the same level

that they do in all the comparable economies and if your investment is low, you'll productivity is low. productivity is betty mood since the financial crash of 2008 and he's low at the most about competitors. we have a legal market that produces lots of jobs, which is great, but it produces very insecure jobs, a 1000000 people. they're nearly all now on walter, cool, 0. i was conference where they don't know how much they're going to be working. one week to the next, which means that down very insecure, they don't spend as much. i never know productivity gains because it's so easy to employ an extra hour to work for. so we've got some very fundamental economic problems which have not been dealt with by the conservative government to the last 14 years, but predict the bishop longstanding issue. and so the next government, whoever jason, it obviously looks as your report set, like it's going to be a labor government has some really deep challenges, which will take quite a long time to uh, to tackle them. i don't expect growth to suddenly get back to within

a year or 2. this is a long term challenge for the next government. and it's not an easy one. professor, it's been great to talk to you many thanks. i'm very familiar with this, michael. on counting, the cost us in video is now the world's most valuable public company, topping microsoft shows that the trip make a rose 3.6 percent last week, lifting the funds. market cap, the $3.00 trillion dollars. the trip make a stock has been on the roll for the last year on the huff and video strips, unmatched and producing processes, the power artificial intelligence systems. meanwhile, mcdonalds is ending it's test of artificial intelligence checkbox that drive through restaurants to the us mcdonalds, launch the pilots, which uses voice recognition software to process orders in partnership with ibm in 2021. the fast food chain gave no reason for ending its test. one but videos of misinterpreted orders like bacon, top ice cream have recently gone viral. it is

a german call. ben's who's commonly credited with inventing the gas fuel petrol. fueled automobile today, chinese electric vehicles leading the way west of liter say the china states subsidies are getting its comic has an unfair advantage. they're worried about a gloves, a badging cheaper eaves flooding, global markets to try to come to as the european union has recently threatened tariff hikes on chinese electric current in ports, despite criticism from european comics has to move a stronger response from badging. so could it lead to a trade war? coffee, a low pass, hold on. yeah. and reports, china is the world's largest manufacturer of electric vehicles or a these, the green alternative to petro engines. it's making them faster and cheaper than anyone in europe or the united states. but western competitors say, states subsidies have given china an unfair advantage in the market. and response

president joe biden says he will quadruple import duties for protect us jobs. and the european commission has announced an additional 38 percent to a 6 this thing 10 percent tariff on a v. china has accused europe of protectionism and has threatened to ban imports of pork on the guns all following through to you to listen carefully to the objective and rational voices from all walks of life immediately correct and strong . packing assistant stop both sizing economy can trade issues properly handled, economy can trade frictions, future dialogue and consultation cheap chinese easy brands, such as car james, b, y, d costs, around 20 percent. less than e. you made cars, brussels as an increase in the price of chinese made ease, ease will level the playing field. but automobile industry analysts in europe argue that higher tariffs could limit access to affordable electric vehicles. what's

coming from the consumers point of view such a measure, it's definitely not understandable. the whole of europe is clamoring for cheap electric cause. well, now we have cheap electric cars, which are also very well received by come see me is in the now we are certainly making these even more expensive again. and consumers are concerned, they won't be able to afford and make the switch. the governments want people to make, so this won't they make it even more difficult for people like me to buy an electric car. as the global shift towards sustainability continues, it remains unclear just how the trade clash between the you and china will impact the consumer. and the environment, katia a little bit, so the young elda 0 for counting the cost. it's not before we get stuck in with i guess let's take a closer look at how popular chinese made a these are. you can see in orange here, that sales have been climbing from 339000, sold in 2016 to a staggering 5900000 in 2022. last year. more than $8000000.00 electric vehicles to

so in china, that's about 60 percent of the global total, according to the international energy agencies. and you'll global energy outlook sales in the rest of the world in great. they've also climbed steadily and in 2021 . they were even with china, but fell behind a year late. so all right, let's bring it for, it's a highly who's an independent adult list and co author of reb capitalism. the fred child, financial foundation of china is extraordinary rise. hey john, just now from edinburgh. good to have you with a set phrase that is the e. u. shooting itself in the 4th here. uh oh. imposing curse on chinese made. is this going to undermine its pledge to phase out the side of petrol? a diesel caused by 20? so he 5 edits and it's c o 2 emission targets. yeah, no, that's a very good point. and it's one of the chinese times uses leverage against the europeans as well. but i think it was interesting on that or, or,

but you just gave the e u that edu. and the chinese subsidies and unfair trade practices, etc. you could almost pick any industry over the past 20 years and replace it by that, but it'd be glass whether it be solar panels, whatever it may be, china as a beam. we know that china isn't right for middle manufacturing power through watts tended behind this, of course is by subsidies are given to companies and also to consumers as well. and that many of these chinese car manufacturers actually losing money. their sales are falling at home. and the european americans are concerned that basic china is just dumping excise supply in the marketplace overseas, which will ultimately impact and basically pre settlement car companies for the wall. it's not saving your visa, american company sound good slow. it's not say that the chinese companies are building better cars into our, even just 3 or 4 years ago. this is generally a sideway, the china has gained the system on the w deal. and it's long last year is americans

are pushing back. by the time the month a these in europe be met solely by european manufacturers. i mean, surely these, these vehicles made by china the needed all by as well. you can certainly argue there's new car, lot of patients blower. i'm going to use an artifact of course not the production is not in vitamins. we are. so we know that the minerals are our district very destructive. there may be 2.2 methods are clearly 0. that's not to say that this is simply just the entire change, the supply chain, history, big, the appreciate that can be addressed to you by the end of the minute. vehicles may, why not share technology? when so foreign companies went into china, china demanded that technology was shared with the local producers. by not a lot of time, these companies come to europe and share technology. there's also a question which is very different from spectrum driven cars. is a buyer them data. a bees are basically computers on wheels. restoring that data,

controlling that data. will chinese companies be able to follow cars, you know, basically a map with all cars that drive and then m e here because of the electronics and these cars. where does that information being shared or is that being said, what? so in the right call the picture sadly that this pipeline is being all over. and if you have a load emissions decline to change, which is very important. but sadly the by deletes the default. where do you are panels of a automobile manufacturers stand on on this? how much business are they doing in china? bmw makes electric mini and china doesn't it? which, which sells in in europe. how much, how much business do they stand to lose to lose if china retaliates? well, this is the, particularly the jeremy car. manufacturers will become extremely dependent on china . so you often manufacture statements, you would think that they've actually, chinese manufacturers, not driver. and once they seem to be defending, i mean they,

these are multi national companies, they're no longer taylor deep into their country at large. so they are very what is the major good be push back that this will impact their business in china. really, bmw, mercedes are still very, you know, high quality brands in our senior stage, assembled in china and elsewhere. they are catching up with the chinese, the manufacturers, but it's frankly, oh, do you mind if i was being taught on the, off the whole line to try over coat with the chinese manufacturers are really caught on their food using good quality cars. like that simply wasn't true 5 years ago. so in the space that sounds like going to be there and they're trailing and they don't like that. but at the same time, they don't want to basically seem to be computational, what china is there any way the chinese manufacturers could get around these terrace by it, for instance, building vehicles in the you possibly. but as you say, that's only part of the solution. perhaps because again, who are they going to be employing, what's fans or something going to use any type of labor, manufacture,

etc. will it be technology transparent? but it also does address a total of a secure changing security concerns about basically chinese computers and chinese, sup, uh, and data being sent back to chinese towers, which ultimately can be accessed by are the, the chinese government. that's interesting, particularly in terms of german r. i who america before she left, actually one that one taught to give in israel thought to by hiring perhaps taking all of these standards needs to diverge, particularly the car space. because ultimately, the technology standards that define the societies we're looking at and europe in china are very distinct societies present spring break to talk to you on counting the cost. but he thinks a day for being with us. the now does compensation mass a window one of the world's richest men. it apparently does to billing at a long musk, tesla shareholders of approve of $45000000000.00 paid deal to the chief executive officer of the electric company based on the current value of tesla. shares is

support is argue the musk has achieved the targets laid out for him. the comic has market value reach more than one trillion dollars at its peak, but sales and running. so i've recently slumped. the multi $1000000000.00 question is what the company has been a successful without him. well, the decision was seen as a vote of confidence in his management of the comic musk doesn't receive a salary for leading the company. in 2018, he agreed to be paid in stock with around one percent of the test was equity each time the company achieved one of its goals. in january, the package was blocked by a judge in delaware, of the concerns with it was unfair to shareholders. legal experts say that it's not clear if the court will restore the pay package. shareholders also approved a proposal to move test was legal headquarters to texas will executive pay in the u . s. is increasing of its fastest rates in 14 years. critics say ballooning reward packages such as 8 on must put worse than social in

a corner seat. here's how his pay package compassed with plans for other c o's and workers, the data as well as the amount of the $300.00 times what the top funding boss in the us made last year. more than 3000 times. the average seo is paid package of $16300000.00. the median annual pay of a test employee last year was around $46000.00. average household income in the u. s. is around $74500.00. that means it would take an average american household neely 751000 years on what must could get in his pay deal for more on this. not to bring it elaine buck, she's a science and technology writes a host of the pod costs for tech sake. she joins us now from doubling. like good to see you again. is he on bus with it as well? i mean, what are their feelings towards the mind? there are some objectives at things that were to pause. i would imagine on awarding such a paid package because he's not just c o tests that he spreads himself quite said

he. c o, maryland t c o of space x e is effectively meeting x, even though he's not the ceo there. and he is embarking on this new venture with x a. i. but he seems quite impassioned about it. so, and you would wonder if the at the back of innovation and test the recently at the slowness of getting products market, when they were promised. the reason something sales that you mentioned are because of that they have a leader who is ultimately distracted. but what he has effectively doing is created a cold threat and so on. as you mentioned, his valuation is very much tied up in the value of the companies that he's had of when he has this funds around him and a lot of them being shareholders in tax that who voted in this paid package. he continues to be rich and powerful because people wants it to be their funds to him and they don't want him to fail the amount of money and by the average c o in the u

. s. is dwarfed by what a long musk has has been promised, but has executive pay cut out of time. do you think? and i think what's kind of a bigger problem, i think this is that it becomes a question about your most pay package, which as you mentioned, eclipse is unable their pay package of the us an already there should be a debate around that because you're talking about a disparity and pay between the white workers of high end workers that has been increasing exponentially over a long period of time and hasn't show any show any signs of stopping. and then you have this one month who's paid back is can be $300.00 times that. and it kind of starts to take too much of the conversation because you can't to solve the problem and solve the problem for the pay disparity everywhere else that continues to exist is, is kind of an outlier in the conversation. but the high, a salary packages for seo is actually drive performance and you said about, you know, most exposing himself very similarly to shareholders,

getting value for money as well. because the seo kind of becomes the sticker head of the company in a lot of ways. and certainly in the case of being almost you see that you see that was on the case is like someone like to cook who actually is like a space and a speaker has of apple. and so the value of the company actually comes in terms of the tides with their will to personality. so actually having to figure has to can drive a fond of who can do people, but at attract more people in to at buying stock in the company. that obviously helps the shareholding for everybody. so the call to personality has effectively be comb. hugely valuable to these companies and again, like your feelings on demand, a size of whether you are pro or against. he has a lot of funds. he has a cold spelt around him and they will support them. these people at the shareholder meeting were rang cyber cook trump t shirts, they were hooting and hollering at the results of the vote. so it is something more

like a rock star by that like a c, e o. but that actually does become intrinsically linked to the value of the company . it's always good to talk to relate manufacturing date for being with us again on counting the cost of that. so i'll show for this week if you'd like to comment on anything that you've said i'm a fan of getting on x. here's the hash tag h a c t c. if you can, you could also drop us a line counting the cost of elders 0. don't, and that is on the email address. as always, those people few online, i'll just do a dot com slash ctc. that takes you straight to a page that you'll find individual reports, links at a time as a search for you to capture. but that's it for this edition of counting the cost i made for it instead of going for the whole team here. and so thanks for being with us. the news was a 0 onboard . china is past fishing. evidence of human rights abuses is widespread trafficking

waves that occurred on the black people starving death on land. it's a legs we goes a force to work in c food processing units, obligations. china denied 101 east investigating some china slaves, fishermen. oh no. just the members of thailand's most notorious gang captured in caged and lost gangs at monkeys took control of the city in central time in several years ago. stopped of tourist treats during the coven pandemic, they over and shops and businesses sourcing owners for payment and food. but now the long i'm at the lowest cost for their incarceration begins. however, documentation and sterilization refreshing to mock their arrival in jail tattoos or a vital part of chris mike. and then it's just as true for these monkeys as they get their id numbers, place to the page forever. my name is brandon jackson, almost 3 point louisiana. i've recently been released for the

25 and a half years. have been slee now less than 90 days. after a lifetime of prison and mine is now free to fight against our k racist laws that belong to the past fault lines, conviction on a jersey to israel's war on gossip, be coming a forever across the united states. why are the student protests for palestine being met with military style track down? why, despite they insist on 0 consequences for israel in its war on gaza? the quizzical look of us politics the bottom line. the challenge is the the, the

. ready very trapped or lost in the chaos of conflicts. at least 21000 children are missing in gaza. the hello, i'm jessica washington. this is out a 0 live from jo. ha. also coming up. rising a tax on medical workers. the head of kansas emergency services is made to rest. he's among nearly 500 medical personnel killed during israel's bruship.