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tv   Verified Live  BBC News  July 29, 2024 4:45pm-5:01pm BST

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could do much more council, in fact, could do much more to prevent road through local villages than it is doing at present. villages than it is doing at resent. , , villages than it is doing at present-— villages than it is doing at resent. , ., ., , ., present. just one final question, how likely _ present. just one final question, how likely is _ present. just one final question, how likely is it _ present. just one final question, how likely is it you _ present. just one final question, how likely is it you think - present. just one final question, how likely is it you think that - present. just one final question, | how likely is it you think that this is the end of this tunnel project? of the court of appeal might have to have some involvement in its later in the year. is it scrapped orjust pause in your mind? he. in the year. is it scrapped or 'ust pause in your mindli pause in your mind? no, it is cancelled- — pause in your mind? no, it is cancelled. we _ pause in your mind? no, it is cancelled. we have - pause in your mind? no, it is cancelled. we have seen - pause in your mind? no, it is cancelled. we have seen the | pause in your mind? no, it is - cancelled. we have seen the small print in the document and it sells definitely that it is cancelled along with another road scheme on the a307i think it is. so it is cancelled, that isn't to say a future government wouldn't bring it back but it already doesn't stack up, the economics are franklyjust fantasy economics. —— a37 full every year that goes past it is more expensive so it is not going to work . the government needs to completely rethink this local congestion. john
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adams from _ rethink this local congestion. john adams from the _ rethink this local congestion. john adams from the stonehenge alliance, thank you very much for talking to us this afternoon on bbc news. let's speak to... henri murison who is the chief executive of northern powerhouse partnership. thank you forjoining us, what is your initial reaction to what you heard from rachel reeves? i your initial reaction to what you heard from rachel reeves? i think in aeneral heard from rachel reeves? i think in generalterms _ heard from rachel reeves? i think in general terms it _ heard from rachel reeves? i think in general terms it is _ heard from rachel reeves? i think in general terms it is hard _ heard from rachel reeves? i think in general terms it is hard to _ heard from rachel reeves? i think in general terms it is hard to argue - general terms it is hard to argue with the government seeking to manage the books. i don't think i would particularly critique some of theissues would particularly critique some of the issues that have been surfaced. i think it is reasonably cogent argument. i think the challenge in the underlying numbers as you have heard from some other economists this afternoon on the programme is that some of the money found for this is by cancelling capital projects. i would agree that there are also projects in the north which like the stonehenge tunnel are not the ones we would be most concerned about being re—prioritised. the issueis about being re—prioritised. the issue is using that to fund revenue budget pressures because that gets
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you out of a hole today but the uk massively under invests publicly and privately in infrastructure and so taking money out of infrastructure budgets and using it to plug gaps in the day—to—day finances is not a long—term solution and will put more pressure on the budget for the chancellor to find ways to put money back into significant and worthwhile projects that may be could have benefited from some of this re—prioritisation today because, yes, they may have cut the right things but putting it into salary rises is not what that money should be used for. it should be being used for capital investment. £22 be used for. it should be being used for capital investment.— for capital investment. £22 billion sounds like _ for capital investment. £22 billion sounds like a _ for capital investment. £22 billion sounds like a huge _ for capital investment. £22 billion sounds like a huge amount - for capital investment. £22 billion sounds like a huge amount of- for capital investment. £22 billion i sounds like a huge amount of money but when you think the government spends over £1 trillion per year, it is a tiny, tiny drop so to what extent was this a political statement rather than an economic one in your mind? i statement rather than an economic one in your mind?— statement rather than an economic one in your mind? i mean, i think in the end, members _ one in your mind? i mean, i think in the end, members of— one in your mind? i mean, i think in the end, members of the _ one in your mind? i mean, i think in the end, members of the public- one in your mind? i mean, i think in the end, members of the public will| the end, members of the public will make up their own mind. i think the office for budget response ability
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have themselves written a letter this afternoon highlighting this is quite a significant divergence from which they would have expected so soon into the year and so i am minded to take the view of the obr quite seriously and they seem to be concerned and probably the chancellor is then right to be concerned on the basis of that advice. i think what i would reflect on is clearly there are always going to be difficult choices for any government and facing up to financial problems earlier rather than later is a more responsible course of action of course. so soon after election it also suits the incoming government to be very clear that they are exposing these issues and supposing them to the public at the earliest possible opportunity and so i don't deny that probably is politically driven but the underlying economic problem based on what the obr's letter suggests doesn't seem to not be a vacuous thing to have highlighted. it does seem there is something substantial
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there that they could have chosen to shed today, could not have chosen, but sharing it today seems to be relatively upfront and reasonable thing to have done. but relatively upfront and reasonable thing to have done.— relatively upfront and reasonable thing to have done. but if you are auoin to thing to have done. but if you are going to invest — thing to have done. but if you are going to invest for _ thing to have done. but if you are going to invest for growth, - thing to have done. but if you are going to invest for growth, that i going to invest for growth, that money has to come from somewhere and borrowing are not borrowing remains a political choice in the end, often as much as an economic one, doesn't it? it as much as an economic one, doesn't it? , �* a, , as much as an economic one, doesn't it? a c, a, as much as an economic one, doesn't it? a c, c, it? it isn't always a choice though because clearly _ it? it isn't always a choice though because clearly you _ it? it isn't always a choice though because clearly you have - it? it isn't always a choice though because clearly you have fiscal i because clearly you have fiscal rules that also govern the choices you make. no one i think is arguing that to pay for day—to—day spending you should have to raise taxes or find savings elsewhere, that is a pretty basic rule of good financial management. but i think a number of much more learn it economists that i would ever seek to be or become have made the point that international markets would be quite keen for the uk government to spend a bit more on longer term productivity enhancement —— learned economists. fiscal rules don't allow that, if you continue not investing for the long term, that amusing 20, 30 years, the
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deficit will be even higher. at the moment, the deficit is about hundred percent debt to gdp but the 0br do an assessment every year of what eventually the debt will be in a number of decades and it is pretty scary numbers and relatively small changes now and lead to significant reductions in the long—term deficit pressure. so i think the argument i would put i think is that absolutely you need to have difficult conversations with the public about how much public services you can really afford but what that can't be is at the expense of future generations and the challenge is if you don't prioritise long—term investment than the people who will pay for it will be future taxpayers and that is just as responsible as what is trusted in terms of breaking the day—to—day budget. you shouldn't be in a position to do either, you need to think about it today's taxpayers and future taxpayers and what is responsible to today and responsible for the future and obviously today, these are relatively small corrections, these aren't huge sways in capital budget that have been transferred across to revenue spending but it is important
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at this doesn't happen on a regular basis because otherwise that would send a very strong message to international markets that the uk isn't very serious about improving productivity because we are not protecting those things that have those long—term implications if you cut them back. those long-term implications if you cut them back.— cut them back. chief executive of the northern _ cut them back. chief executive of the northern power— cut them back. chief executive of the northern power has - cut them back. chief executive of. the northern power has partnership, thank you very much for talking to us. with us listening to all of this analysis is stephen brush, associate editor and columnist with the financial times that mike stephen bush. let's first turn our attention to winter fuel payments. the chancellor saying they will no longer go to anybody not in receipt of pension credit. i was reading on social media from the institute for fiscal studies that will save about £1.5 billion but for some people, that will make quite a dent in their annual income.— that will make quite a dent in their annual income. yeah, pension credit is for the poorest _ annual income. yeah, pension credit is for the poorest pensioners - annual income. yeah, pension credit is for the poorest pensioners some l is for the poorest pensioners some of whom don't currently claim it but with any means tested benefit you
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have a cliff edge for the people who are slightly too well off to claim that universal pension and for those pensioners it is going to be quite a painful adjustment and i think that is going to cause the government some political difficulty when it comes through.— some political difficulty when it comes throu~h. , . , comes through. they have said they willt to comes through. they have said they will try to make _ comes through. they have said they will try to make sure _ comes through. they have said they will try to make sure that _ comes through. they have said they will try to make sure that more - will try to make sure that more people are aware that they can claim pension credits but it is quite hard, isn't it, navigating these systems, particularly applying for them being increasingly online? yeah, particularly although most pensioners of course are very digitally savvy, have ipads, silver surfers, for majority of people claiming credit, they don't have easy access to digital platforms, hit very hard by library closures. this will be quite painful cut for some people. this will be quite painful cut for some people-— this will be quite painful cut for some --eole. �* ., , some people. another line broken in the last hour — some people. another line broken in the last hour is _ some people. another line broken in the last hour is that _ some people. another line broken in the last hour is that vat, _ some people. another line broken in the last hour is that vat, the - the last hour is that vat, the standard rate of 20%, is going to be added to private school fees from january one next year. any fees paid from today for the term into the new
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year will be subject to the additional tax. there was some discussion about how parents could pay fees upfront to try and avoid that and this is something that has attracted a lot of attention in the election campaign. yes attracted a lot of attention in the election campaign.— attracted a lot of attention in the election campaign. yes and there is a fascinating _ election campaign. yes and there is a fascinating regional _ election campaign. yes and there is a fascinating regional difference - a fascinating regional difference here. here in england, partly because state schools have really improved under my michael gove and tony blair in particular, small and smaller people use private schools but in edinburgh, where the labour party made quite a lot of games, 20% of families use private schools, thatis of families use private schools, that is why the liberal democrat mp was raising that in pm cues last week and there are plenty of scottish labour mps who are very nervous about that is another revenue raiser that will run and run. ~ ., _, ., run. another line coming out in the last few minutes _ run. another line coming out in the last few minutes from _ run. another line coming out in the last few minutes from the - run. another line coming out in the last few minutes from the obr - run. another line coming out in the i last few minutes from the obr saying last few minutes from the 0br saying they will initiate a review into how the budget in march held by the last government was actually prepared in light of the chancellor saying
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today, the new chancellor rachel reeves, but there was an unfunded undisclosed spend that had been hidden from the 0br. this undisclosed spend that had been hidden from the obr.— undisclosed spend that had been hidden from the obr. this is the big oli hidden from the obr. this is the big policy victory — hidden from the obr. this is the big policy victory that — hidden from the obr. this is the big policy victory that all _ hidden from the obr. this is the big policy victory that all of _ hidden from the obr. this is the big policy victory that all of the - policy victory that all of the officials working in not very far from where we are in the treasury will be able to say they have got out of this statement. they have proved despite what many people including me were saying, this is alljust including me were saying, this is all just theatre, including me were saying, this is alljust theatre, this is all out in the open, actually there really was a £22 billion hole that neither of our fiscal police, the a £22 billion hole that neither of ourfiscal police, the iss a £22 billion hole that neither of our fiscal police, the iss or the obr, our fiscal police, the iss or the 0br, were aware of. that letter from the obr 0br, were aware of. that letter from the 0br gives huge amount of credence from everything rachel reeves said today —— ifs. that is a great political victory rachel reeves got out of today's statement and the work that went into it. what and the work that went into it. what shau and the work that went into it. what shall we make _ and the work that went into it. what shall we make of— and the work that went into it. what shall we make of what _ and the work that went into it. what shall we make of whatjeremy hunt said in response to her statement that of course she knew, it was plain for everyone to see and it is a nonsense to say they have inherited a really bad financial situation because inflation is at 2%, unemployment half of what it was
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in 2010 when the conservatives came in 2010 when the conservatives came in and the g7 is the fastest growing economy, we are the fastest—growing economy, we are the fastest—growing economy in the g7? i economy, we are the fastest-growing economy in the g7?— economy in the g7? i think the roblem economy in the g7? i think the problem for — economy in the g7? i think the problem forjeremy _ economy in the g7? i think the problem forjeremy hunt - economy in the g7? i think the problem forjeremy hunt is - economy in the g7? i think the problem forjeremy hunt is he| economy in the g7? i think the i problem forjeremy hunt is he is making a perfectly good argument about the state of the overall british economy and the role he in particular did play from around some of the crisis we found ourselves in when he became chancellor towards the end of liz truss's brief time in office. that is all true but what rachel reeves is talking about which is also true is about the public management of services, providing asylum services, making sure we can actually send people to prison when they have done something wrong. 0n they have done something wrong. on that part of the record, he is bang to rights and i think in many ways he seemed to be repeating some of the mistakes we saw from labour in 2010 when george osborne would say, you mess up the economy, and they would say but look what we did to child poverty, look at the state of the public realm. all of which was true but wasn't actually remotely relevant to the charge being levelled against the labour party and the thingsjeremy hunt said today which were true went really relevant to what has been levied
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against him. relevant to what has been levied against him-— against him. stephen, for the moment. _ against him. stephen, for the moment, thank— against him. stephen, for the moment, thank you - against him. stephen, for the moment, thank you very - against him. stephen, for the l moment, thank you very much, against him. stephen, for the - moment, thank you very much, you are staying with us for a little while, stephen bush from the financial times. much more analysis here on bbc news after 5pm on rachel reeves' statement, we will also return to the other developing story and the stabbings in southport but let's pause from it and catch up with the weather forecast. from it and catch up with the weatherforecast. lots from it and catch up with the weather forecast. lots of dry and sunny weather to come through the rest of the day and for some of you, feeling increasingly hot. that is how the capital looks as we started off today. one of the big question is will this be a heat wave? for some it could be because across parts of england and wales, we need three consecutive days of temperatures above around 27 or 28 degrees and there will be parts of the midlands, east anglia and south—east england that are likely to see temperatures above those levels and so for some, yes, this looks like being the first day of a heatwave. the best of the sunshine, the highest temperatures will be across england and wales where we
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have the sunniest skies but further north, northern ireland and scotland, not a bad kind of day, most places dried with sunny spells, temperatures for the most part above average but across england and wales we will see temperatures widely in mid to high 20s, peaking at around 29 celsius this afternoon. then there will be a very warm night to follow, some of our towns and cities across eastern england offering into the high teens as you are perhaps thinking of heading off to sleep. eventually those temperature dropped around 1a or 15 degrees. after a mild start tomorrow and more of the same on the way, they could be an odd isolated shower for the north—west of scotland, otherwise it is dry with plenty of sunshine and if anything it is set to get even hotter across parts of england and to a degree wales having some high temperatures too. 32 degrees in london area, the highest attempt at we have seen this year is 31.9 so we are going to be there or thereabouts for the highest tempter of the year and choose a looks like being the hottest of the next few days. into
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wednesday, plenty of sunshine around still, maybe the small chance of a shower across parts of eglin and wales, most staying fine. some patchy cloud around under sunny spells in scotland and northern ireland, still feeling quite warm here and there is temperatures, high 20s to low 30s. then thursday, we are looking at some thundery rain developing, could be heavy enough to cause some localised surface water flooding so need to keep a close eye on that. is that clay is out of the way, friday and the weekend we then see this area of low pressure started to dominate the picture, bringing some outbreaks of rain particularly to the north—west of the uk. a few showers elsewhere but the uk. a few showers elsewhere but the most significant feature is the end of the heatwave with temperature is coming back closer to average for the time of year.
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live from london, this is bbc news. a major breaking story in the uk — at least eight people, including children, stabbed in southport in the north west of england. a nearby children's hospital declares a "major incident" in response. the prime minister says it's deeply shocking. israel's prime minister benjamin netanyahu jeered by locals as he visits the site of a rocket attack which killed 12 children playing football, vowing retaliation against hezbollah. the former bbc presenter huw edwards is charged with three counts of making indecent images of children.
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the uk chancellor rachel reeves announces billions of pounds of spending cuts, claiming the former conservative government left a £22 billion "black hole". and tom daley speaks to the bbc after winning his fifth olympic medal — silver in the men's synchronised 10m dive alongside noah williams in paris. hello and welcome to today's verified live. we start with that major breaking story in the uk — eight people have been stabbed and taken to hospital following a "major incident" in southport, in the north west of england. merseyside police said it had received "reports of a stabbing" and were called to a property on hart street in the town at about 11:50 bst. armed police "detained a male and seized a knife" — and the force said there was "no wider threat to the public". local people have described
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horrifying details at the scene,

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