i'll start the campaign against the netherlands on monday, but one superstar has arrived, lydell messy, had touched down under harney early hours of thursday with the rest of the argentinian squad. the 2 time champions are one of the favorites for the tournament . on the back of that, he 5 game winning streak dating back to july 2019 argentina's opening match is against saudi arabia on tuesday, and mexico and poland are also in that group norm. on the same day, france get their title defense underway. they're trying to become the 1st team to retain the world cup since brazil in 1962. the squad include 10 players when they are winning campaign in 2018, including captain hugo lorice and gillian. mon, bobby france. i am same group as australia, denmark, and to nicea. they opened their tournament against the of these ah,

hello again. this is al jazeera and these are the headlines, at least at 21. people have been killed in a fire in a jabber lea, a refugee camp in garza. the blaze started in a residential building while people were attending a party. it has now been put out even alice i, it has more from the c. the apartment on the 3rd floor is where the party was happening, according to initial investigations. the say that the wire might have happened because of a leak in the gas wild. they light the candles of their birthday cake, are also initial investigations of the police also said that the found fuel amounts stored in the apartment and that could have been the reason for the huge explosions that happened in that apartment. 3 men had been sentenced to life in prison for their role in the downing of malaysia airlines flight made 17 and 2014. a dutch court found them guilty of matter. all 298 people on board were

killed when the plane went down and east and ukraine. us house peak and nancy pelosi says she won't seek reelection as democratic leader. she served as the top house democrat now for 2 decades clothes. he says she'll remain a member of congress and will serve asher term polish president. andre duda has visited the site of a missile strike that killed 2 people on tuesday. both poland and nato say it was likely a ukrainian air defense missile. and the strike was not intentional the family of jailed egyptian activist i'll abdul fata has been allowed to visit him in jail 2 days after he ended his hunger strike. they say his condition has deteriorated severely and he suffered what they describe as a near death experience. the new boss of the failed crypto currency exchange f t x that says the company used customer funds to buy employees homes and the bahamas. f t. x filed for bankruptcy last week. the new c o describes the collapse as

a complete failure of corporate control. former italian prime minister, silvio berlusconi has been acquitted, of bribing, a witness and 2013 under age prostitution case. but it's going, he was charged with allegedly paying and italian sing a lie in a previous trial where he was accused of paying for sex with a 17 year old american. don't. well, those are the headlines inside story as next say with ah, the cost of living prices worse as in the u. k, inflation is at its highest level in more than 40 years. millions of people cannot afford to buy food or heat their homes. so well, the new government's budget be enough to ease the pain. this is inside story.

ah hello, welcome to the program. i'm hashem alcala. the u. k. government says it's making difficult decisions to control aspiring cost of living crisis. millions of people are struggling to pay their food and energy bills, and things could get much worse as winter sets in. inflation has hit 11 point one percent the highest level in 41 years. families are paying 90 percent more for gas electricity and fuel than they were a year ago. child to say more people are asking for help. the previous prime minister is trust. resigned in september after her finance minister announced $53000000000.00 in unfunded tax cats. that spooked the markets and the pound took

a nose dive. the count, finance minister and a prime minister wishes to knock is raising taxes and cutting public spending. instead. this is a balance ha, to stability tackling inflation to reduce the cost of living and protect pension or savings while supporting the economy on a path to growth. but it means taking difficult decisions. anyone who says there are easy answers is not being straight with the british. people under simmons has bought from london more than $38000000000.00 in cuts and around $28.00 and a half $1000000000.00 raised in increase taxation. really nobody in the u. k. is going to escape paying more tax because stealth is the word with this autumn statement, or as anyone else would call it a budget,

or the stealth is applying to the salaries of people in the went in the sense that they will actually find that their thresholds will be crossed quite easily. they stay the same, but with inflation high and with wages increasing, they'll still end up paying more tax because they'll cross thresholds add to that a number of increases in, in direct taxation. and the fact that most of the really big costs will be held over until 2025 co. incidentally no, not that's just after the general elections are due. so a very big political move there by this conservative government. and also there are some takeaways which are appear quite well that advantageous to the public such as health spending education spending and spending on on the year a care sector. however,

that is really going to be overtaken by inflation. and that applies to many of the goodies in this budget. in ball terms straightforwardly. people are going to really suffer in the u. k because of this autumn state. andrew simmons, the inside story. ah, now lets bring in, i guess her will be joining us from london today. we have patrick diamond, professor in public policy at quinn, murray, university of london. alpha sterling is the director of the search of the new economics foundation. and max lawson is the head of inequality, policy at ox, from international welcome to the program. patrick, is this an attempt by jury hon to fix an economy that has been grappling with inflation, but answer for recession or more of a political attempt by the tories to build a credibility that has been battered by blunders. i use

a very political economic statement which has find it to fundamental intentions long. you've already referred to, which is attempting to restore the credibility of the government off the disastrous mini budget in september, which rocks financial markets. but then the 2nd political aspect to this statement is trying to create a platform for a conservative election victory, 2024 when we expect an ex lashan to happen. and this statement today was, i think, an effort to try to hammer political choices and debates. ah, the will shape that election campaign. i'll say if you look at the other statement by a jeremy hand. so he's talking about the need to high taxes and cut public spending as somehow an idea of vanity comp pulled. were the decision by their bank of england to increase the interest rates or something which has been

unprecedented over the last 33 years. do you see this as a plan that could work that could fix the economy? and i think it's highly problematic. i mean, you know, the u. k is facing a far more severe economic downturn, the other countries of a rich economies. i think we just heard today a record collapse in disposable income per person in real terms of 7 percent over 2 years. that is the 2nd deepest on record here in the u. k. and it is far deeper than in other comparable economies. as i said after ask the question where does come from and it's come from our own policies, including the ones you just mentioned, said the bank in england. increasing interest rates are faster, harder than other countries are quite likely over doing it and pushing us into a deep recession that could otherwise have been the case. and today, getting an autumn statement that has a net, a contraction restart more,

i mean by that is taking money out of the economy even as we're going into recession. and even as we then kind of had a slow recovery out of that, this, the policies today are spending cuts, tax rises that will harm and recovery. max. when you look at the statement, it offers some metrics, some decisions to be made, but then when it comes to the very core question of where does the leave the most vulnerable? those are all low income that the government does not really seem to be offering some very clear answers. yeah, i think it's hard to exaggerate the scale of suffering out there in the country for the poor people, but a large portion of the population. i think, you know, in some ways, politically, it's a lot easier for the tory to ignore the poor people in the countries. very hard to ignore the sheer numbers of people being hit by this real terms caught in the spending power, huge hikes in their mortgage payments. we have

a situation of wanting 7 people according to to say us getting me was because i can't get enough food. and then we're still one of the rich countries in the world . so the scan is suffering not just for the post of the pool, although that is where people are hardest hit. but across the country to serious political problems, this government and one that is going to cause enormous suffering and hardship for, for families across the country. patrick, how did the ok get to this particular point? should we blame the full of prime in a cell is trust and her chance of the checker cause? the quoting why? it's a legacy. i think of a series of decisions that should be taken over a number of years over the factory at separating out the cool impact of these different decisions. this is in itself challenging, but obviously we conference decisions leave european union thoughtful a period very significant austerity in the early plenty times which itself inflicted significant damage by phone,

public infrastructure and also on the welfare site. so when you, when you went into the crisis generated by have 19 and then obviously the subsequent j political crisis course at least by the warning ukraine, it was already an economically and socially vulnerable position. and so i think the message that seems to reflection about the governments having to take these very difficult economic decisions because the economic funded mental than the highest so weak. and then we, because i think decisions going back over the last decade, i'll say it was, it was quite obvious. i mean, when, when, when liz trust and quite a quarter and decided to move ahead with a plan, which is basically based on a very notional supply side, economics, why you cut, you decide for tough costs without having the without going to cost public spending. and this has increased borrowing across the spectrum, created a panic, and we know what happened white after that we have jeremy hunt who's trying to

those all those decisions. but it does not really give you a strong guarantee. is that in like 6 months from now we're going to see an economy which is back on track. yeah, i mean i wouldn't over exaggerate the impact to the trust car tang many budget and that's for 2 reasons. one is that the main impact of that budget in terms of affecting the u. k, going forward was an increase cost of government borrowing. and, but actually that has now been essentially 3 reversed since the budget came out to 10 of those markets of now eradicated. if you like that, that competency premium that they were giving to the u. k. that's gone. and secondly, the budget didn't show us the sort of hard limits to borrowing per say. you know that the wrong lesson about it is to say, markets going to panic. if a country that you pay borrows the lesson is a country borrows it doesn't support the economy, but that barring then market take a very dim view. so it's quite important to learn that lesson. therefore, we're looking at this budget,

the fact that we're not supporting the economy despite across living crisis, despite recession, shows that we're not learning that right lesson. it's certainly not mandated by investors. alfie, when you look at the graphs all the charts presented by different countries in particularly in europe, most of them having exactly the same set of problems, advising gas, electricity prices for shortages, high transport prices coupled with the ramifications from the rustling invasion of ukraine. but still they managed to bring their own or to bring the economy to the levels, which were before cove in 19 except for the okay, which is like in fi behind why? yeah, that's right. i mean, a lot of it is down the fundamentals, but previous gas was referring to use the u. k. went into the pandemic. it hardly been worse prepared. you know, we had a health system that was near breaking point. we had record her period of low,

low average earnings. we productivity, we went into incredibly weak and nice effect the way within recovered. we also mismatched the panda i think compared to other countries as well the i would say as well, because at this point i was making non public finances. is that the e u a u. s. and countries have suspended that the school rules are they are not about to cut tax, cut spending or raised taxes going into this difficult period to spend their target . whereas the u. k is now going on and a new cost allocation and targeting direction. and i think that will become increasingly important in the coming years. max, if you look at all the projections, they basically say that will likely to see recession move in all the way towards the other, the 1st half of 2023. what does it mean for the families who are suffering as we speak? oh, it means terrible hardship. that means choosing between hating and 18. i mean, i think of the, some of the parents at my kid's school, parent harris, one of the poorest areas of london. you know,

really struggling to make ends me and this is not, people are benefits, these are pickling, both working, you know, how to jobs struggling to, to pay the bills. and i think it's really important to get the message across that there is plenty of money in this country. and it's good to see the chance to increase taxes at the top a small amount. but the sign much more he could do should be done to ensure the richest people in our country pay more tax. for instance, the right of tax on capital gains is to 20 percent. instead of their taxes for work is much, much higher. you know, the highest income tax write a 45 percent, so you make you pay less tax on the money you earn from your bank account and interest rate savings. when you do the money from hard work, really simple steps he could take to raise a lot more money from the very rich people in our country and to pay to protect records. so we don't have to go down this full errand of stairs to which would only

her economy and her ordinary people even more. let's tax the rich. that's not her pull. patrick was, was back that responsible in a way or another for the situation because you look a neighbor economy. they managed somehow to navigate through this process by doing business with a lot of an expanded market and they manage to mitigate the impact. when you look at the u. k, it seems to be a different scenario. ya wouldn't over exaggerated by the effects that are going on here. and i think say that it's simply the consequence of breaks that would be a distortion. there are obviously many different factors work here which explain the, the providing economic situation of the day. and i think that the, the truth is the young on the british economy, or we can happen week for some time g, c levels of public and private investment and the poor economy, the decision making. and those would be the best, the base it by the series of shocks and crises of which the date is warm,

but yet for the cool crisis around another. and obviously, choosing to leave europe in market in the last 2 years, has also inflicted the shocks on particular part of the economy. one of the really striking features, the brakes it is, but in some respects, london, the se has been relatively well insulated from economic shock. the other parts of the main thing and so on gone and part of why i was doing really very badly indeed . so there's also be that kind of a symmetric effect, the brakes it has created. so when you take all these boxes together, it just on the lines really the weak moment position, the britain, the points itself in alpha does the economy have all the fundamentals it takes to not only to like the $59000000000.00 plus hole in the countries public finances but also rebuild the economy. well, i mean, the 1st thing is there isn't

a 54000000000 whole, it's just a gap between the government's fine political targets and the current full cos. and one of the reasons one is budget if i political because the government to make it about public finance sustainability as a function of political choice to distract from the underlying things that previous guy was talking about in the economy. but ultimately, what it means for people, that's the real crisis is the cost of living started 7 percent squeeze in real incomes over the next 2 years. and that's what the government's failed to address. max, we're talking about static measures, which are going to continue for quite some time. it means that some people will have to pay $4000.00 pounds a year to to try to tackle some of the rising bills that we have to deal with. could the middle class be mostly targeted as far as the flight to measures are concerned? or do you see it more expanding towards all the sections of the society?

i think where it becomes a real political problem for the tories. is it with rising interest, right? and that really significant increases in the cost of mortgages with really iris stretch 1st time buyers is spending huge proportional their income, ready on the servicing their mortgages or paying very high rents, particularly here in london, in the southeast there. i mean, that's not the same. it's not they have to choose between $80.80, and the huge suffering. it's really coming in the bottom half of the population, particularly for women and particularly people of color. but i think as a political problem, when it starts to look at that hit the living standards of the vast majority of the population and people can make a connection between that and the clear economic mismanagement of the current government and previous iterations of the current government then i think that is really, really big issue because way more people for us going to films, phrase and it's going to make a big difference. politically. patrick,

the shadow chancellor. rachel, be said. the country cannot, for the country, is sick of being read of by the tories again. and again, as she said that she doesn't see a way out from an economy which is not based on growth. because this be the moment to build momentum for the labor party and see how it could benefits from this situation. politically speaking, well probably in the last few months, the loss of economic trusting credibility in the conservative government under the elizabeth trust, the previous prime minister. and i think now and she has been very striking and that does that balance is france and the position of the opposition made the policy because people conceded the current government's policies are not very successful. that's a real loss of confidence based on the public law school. so business and even more financial markets, which are traditionally being strong supporters of conservative governments. so certainly late this position has been strengthened, but of course it's still faces

a challenge itself, which is to say what it would do. i think the intention of the same state like army . com was to try to lay the grounds over the next couple of years for challenge to labor, which is to say, what would you do? would you be willing to borrow more? would you tax more? he did taxable tax, which had to go along with some of the cops and public spending that we're prepared to make so late. this position is of course, that has been for some time, but it has to get a finance together and it needs to be able to have a clear argument and response. the question is, the government will pose, which is book with labor do. if it was in government, i'll say can the u. k, get out of this mess and at what price? yeah, and i think the key thing of course is, is, are you k not this will homogenous entity, but the people living there, distributional consequences and consequences, inequality. but i think action you can come through this period in

a way that does protect the living standards of those that most at need protecting the poorest in society. and you basically the 3 things. first of all, acknowledge that this is a letter happening and i can't. mistakes at home is fundamentally a price shock is common to many countries. number 2, therefore say right, we need to protect people's living standards. as this price shock moves free and the systems that support energy bills is much more target than what we already have . it's much more protection and the public service investment, an investment in our income safety net and the number 3 to say to make sure that all of that is what the family doesn't add to inflation further and set up the tax rises that would offset that. and if you were to go down that route of them acknowledging the real world, putting in place to support and raising taxes on those who can afford it, prevents the choice and getting worse. you can come through the situation, come out of it. stronger, certainly stronger than what the government is currently in the park up on the setters on mass. when you look at a decade of,

of missteps which we should have left the public services close to a breaking point. now you have 2 key sectors here, education and health care. if this is going to go for quite some time, or is it bad news for all everybody in the u. k? i think if you look at cuts to the church and is absolutely, i mean the vast majority of british people use the national health service. you know, private health care is only used by the very, very rich in this country. and that is very different to many of the other countries or works where the universal health coverage is only the privilege of the rich. so a massive cuts in real, in real terms to what be in a chest could do off the back of the heroic steps i took during cove. it does impact, absolutely. everybody in country. and that's another reason why it's a place called politically dynamite. i do think that that is good news for the opposition that the conservative party,

the record on economic management is taking touch beating. but i also think that the last part, you know, i agree with the previous speaker needs to be much fair about what they can do. and i think in particular, and i need to be very specific about how they're going to increase taxation on the very, very well. let's have him call for a wealth tax instance which seems a very good solid research showing that wealth tax on top one percent could raise another $10000000000.00 meant to pray about taxing super rich. we know from polling enormously pumped across the political spectrum. so there are things that i think labor could be doing to, to take the initiative for that and show that there is an alternative to us. there is an alternative to the casa hunting poorest. well over the country, patrick, what happens when it comes to the very issue of taxes? they say that they would like to a ca, taxes because we see it as one of the key components of the strategy. i'm talking about the tories by the power base itself. which has always been skeptical this help barry notional cutting taxes is,

is something that could grow the trust the tories has been having most of the time with its paula base. yeah, i mean it's important thing just reflect from the, the wild oscillations and physical policy that the have recently been going for. and it's been pointed out quite quite things. many budget was the largest customer for 50 years, but the package, the term economy today is the largest tax running thing budget statement by government in 30 years. so in the space of a few months, you take, the school policy has kind of dramatically change direction. i think the conservatives, the real problem is that in success of elections, the main claim, since it's being based around their account commitment to generally low taxes. nicole, what we've seen in this package today is really the end of the right strategy because tax written will continue to rise and many middle income groups will be

caught in this kind of concerned movement bands with facts. the electrical connect with the concern is particularly in multiple seats populated by higher proportion of these kinds of middle income on it's not going to be hit really hard by that matches jeremy hundreds. now today, i'll say if you don't mind in less than 30 seconds, if you look at all the metrics now london losing position of the most valuable european stock market, we pound fuse of recession and inflation of the highest in more than 41 years. what does it leave the u. k? i'm lisa exposed, but actually those are the symptoms of the problem, not problem itself. and the problem, the and life i symptoms is at the wrong decision at the wrong time by our petitions and government and our central bank patrick diamond, i'll face telling much lawson i really appreciate your insight looking forward to talking to you in the near future. thank you for watching. you can see the program

again any time by visiting our website al jazeera dot com for further discussion. go to our facebook page. that's facebook dot com, forward slash ha inside. sorry, you can also join the conversation on twitter. i'll 100 is at a jane size. so for me hash model and the entire team here in doha, i've enough. ah ah, and

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