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tv   Counting the Cost  Al Jazeera  October 12, 2023 2:30am-3:01am AST

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this, it was a band gatherings nickel back to the supply installation, read authorities and pirates of also imposed propositions on pro palestinian marches. french present 9 in the crown has condemned from us as a title as well. but it poses stopping european union humanitarian assistance to the palestinians, protesting and demonstrations of those have been taking place in the german capital berlin lodge, a police presence mister chuck as well. the police have just told everyone in the area to this 1st, they have bands all palestinian solidarity protests over the next few days, particularly in germany. this is a touchy subject because of the history of the country, the history of world war 2 and the not the hollow cost, which means that the german government and the german people. many of them consider something as simple as waving the palestinian flag as anti semitic. this is just, you know, this is always the 3rd flag on the roads,
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german arguments to denounce and actually prosecute palestinian advice is for the rights and policy. so right, you may have been paying for 75 years in the okay. now over the next few days, emotions are going to run high. there's also a big is really community here. and police say one reason why they're banning protests to prevent the 2 sides from clashing. melissa can out to 0 for link is very settlers of tube, at least for palestinians in a tax on a village south in nablus, an occupied westbank, palestinian health ministry says was very forces of also killed a 16 year old boy, the hebron punching on the pot of students have been killed in the occupied westbank since the war began on saturday. we can find more information on our website out. is there a dot com for now we leave you with these pictures filled by palestinian photography and natasha. essays are showing that she had devastation in some of the most eye clinic neighborhoods of gauze,
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and stay with us. mr. dates show you the massive destruction that happens to them. the most beautiful areas and the strip and go to city. as, as you can see, i'm speech this. i don't know what to say. i don't know. why should i say that? believe me. it's the most sadness that garza ever had. the hallway talked. oh my god! it's like a whole square floor. then 1515 to 20 house, got demolished, knots destroyed, demolished, faster and photographer, as you every step, any opportunity to see
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a space spectacle is a good enough excuse to use this rooftop or because of a tree. there's a silver one for this. so that's why it's beneficial to them is up close with the moon. so we can see from gaza to greece, august on to india, japan and do by reading through these together to see the celestial event. every month, the full moon has a different name. the one moon, the wolfley, the stretch and moon, the blue moon, and the super moon, like this one. the moon's old it is elliptical, the time superman was coined in the late seventy's to refer to the point when the full noun is that it's closest pointed to the. since it's the 2nd full noun, it's also known as a blue moon. but it will be more than a decade until the next 2 to be noun. for many that seems like you as a way the
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hello and so robin. this is tell jimmy cost on al jazeera. you'll, we do look at the world of business and economics. this week brooklyn's governing conservatives training in polls due to the economy and other issues. i'm actually soon at once to win back photos and present himself as the prime minister of change . also this week to t is central bank rems, of interest rate hikes in the page to tell you the installation we asked traits, minnesota pulse behind the shift in economic policy also demands. the travel has been high after years of cobit 19 restrictions, but the so called revenge a one the last could be waiting the book into the bank. i wish you see that who is seen as the pictures,
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probably minister who could study the shape of the economic turmoil of lives truss . but almost a year after he took office, his governing conservative party is trailing. leave it in the opinion polls the u. k. could be heading into a general election next year. the student wants to convince voters that he can still bring change up to 13 years of conservative government outlined his plans that the policies, annual conference where we challenge report. so from ben, just a it was a challenging speech for the prime minister. that's a round off. what has been a challenging conference for his government at times, henry matches to it felt like the agenda was spiraling out of the control that was for today's frenzied speculation. over the fates of high speed rally h. s 2 and freedom spigot is like the full, my prime minister and low tax champion lives trusts, and your skeptics. 5 rounds nodule for raj, stole the limelight, stole was sent to stay. so the final speech was a johnson vs, so you're not to take back control. and what he did was to paint himself as the
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change candidates ahead of an assumed general election next year. now that's difficult to do, considering the conservatives, i've been in power for 13 years. he said he wants to attend 3 decades of short termism and pressures politics and to take the difficult, the long term decisions for the, for the past 2 months of the country. that's the context in which he finally confirms that the bombing into manchester leg of h. s 2 was going to be scraps in favor of a spider's web of improved rail, tram and rows, connections across the north of the country. i'm ending this long running saw that i am canceling the rest of the h. s to project. i'm in its place. and in its place, we will then we will re invest every single penny
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36000000 pounds in hundreds of new transport projects in the north and the midlands across the country. but they would know plans from richie, so you're not so you caught taxes as news trusts as being drink. instead, he says he's focused on having inflation as he puts it's the real skies the conservative side and wishes to not have the problems. the membership of the policy has never loved him. i'm certainly the country does not love that can 7 times anymore. they are still between 10 and 20 percent behind in the polls, and there's no signs that this conference or really so next speech is turning that around will reach out for algebra, casting the cost in mentioned so. well. joining us from london is vicky prize. she's the chief economic advisor at the center for economics and business research miss price kentucky with a solid. i'm counting the cost. can i just begin with the prime minister? the perception of the problem is to speech up the compass was to fold really want the policy wants to hear what the british public will make of it. both audiences
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you might say, need direction from the prime minister, envisaging source of the economic future that impacts on both sides. what did you make of it? the interesting thing is that it was very well received, of course, by the conference attendees. so cost a little conservative voters and to activist what has happened since, of course, is that there are bits of his speech which have been discussed quite extensively. not just what's happening on the transport side. just scrapping all the noise in the blink as i was going to connect me home with mine just and then it goes beyond whatever other infrastructure spending that was going to be there as well. he has also talks about other issues which are quite interesting. festival randy prolong some of the money for links between various cities and also doing more to
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towns instead of this 36000000000 that was going to be spent otherwise about the results. and i live in terms of interference from the stage of on a cigarette smoking where he's raising the age from which he wants to from which you you can legally bias cigarettes. which means that anyone who's 14 now may not be able to advise cigarettes because he wouldn't be happening every year. so the mix of those things generally of men's as he's his speech was actually reasonably well received across the u. k. i think, well, just bear with us for, but let's get all of us a little bit more context on what's being guy going because uh, the 1st image of speech altogether in january payment is to see next set up 5 priorities. always government 1st is having installation, which was a $10.00 by the end of 2022. it's down to $6.00 and old cost and that's still higher than his target. second is great, g d, p, the u. k. economy is recovered from the pen demik faster than previously thought
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and person is no longer there was performing amongst the group of 7 nations. that, of course, is the priority is to reduce national debt. it was still very high earlier this year at almost 100 percent of g d. p a and cutting hospital waiting listing number of patients. a waiting treatment in england was more than a 100000 people in july from the previous month. and finally stopping, mike went by his 25 percent fewer people are being recorded crossing the channel from francis at 10. the then in the same period last yeah, of course miss price, the prime minister seen that cuz we, we tried to stabilize the, the policy since he took a is a but also trying to stabilize the economy as being a sort of a shaky ship really hasn't it for many factors that are in and out of his control. what do you make of the situation about the way he's guiding the economy?
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he wants to be seen as a stable helmsman. i think that is the time that you can attribute to him and i think the population that lot of seems to things that that he has of cheeks out of to a point because we had all these problems a year ago when he's pretty assessor announced a o and hot chops or announced the many budgets which was quite unfunded. and there were serious concerns in the markets about whether u. k was going sterling fell and there was a big change that took place. and at the end of a lot of that i'm rumbled and versus who enough to cause. i actually has indeed studied the ship if you like. but whether he can meet these pledges is quite interesting. the same place. one is quite an easy one because the bank video has raised interest rates and of course we'll see will, will i installation coming down and is your price is coming down. so that's the one that will be met by the end of the year. so holding the inflation rate, gross has been slightly higher as you were just saying about had been anticipated and we seem to have avoided to a technical recession. so that's good as well. so there are
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a number of other areas where you know, things on what's happening and you mentioned the national health service. that's a serious problem. still a boats haven't been stopped, but the few uh people coming so um that's perhaps the sort of positive. but overall, i think it is the cannot make it public nations of everything that has happened so far, haven't necessarily sunk into the population. and there is still a big, big gap between the conservatives in the opinion, polls and label, who are way on top of that with this big issue as matter about bringing inflation di, which we've touched upon on this talk about cutting taxes, which is a divisive issue. as we head towards that general election, what is the impact of cutting taxes in terms of the impact as on the big industry and on the money in people's pockets, which is what they want to hear about during this very difficult cost of living crisis. but not just the u. k, but globally is being experienced by so many people i think publish as soon as we need to do is also his party. and whoever may want to talk to him said the,
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the possibility of cutting taxes. and i think one of the reasons for scrapping the, the know the extension of h is to the high speed link is really in order to have a little bit more money to do. yes, if you other things, but also possibly cutting taxes before the next selection, which is going to happen sometime in 2024. uh probably. and then the latest time it can happen is, is january 2025. so um, so that's a big issue for him. and indeed, tax scotts, uh, full businesses have been raised by, he's put, it says that list trust to both by me just a briefly because of course, one of the things to do research to not get it was to increase the way it wasn't that last and this started by him was a nice actually before he's done some interesting enough, wonderful res corporation tax from 19 percent to 25 percent. and that these heating businesses on the other hand, it is raising on a did raise last year about 8 to 3000000000. you can't do without the money because
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of course you also mentioned what's happening on, on a day to continue to be under, make sure that that's really, really important. and you can't stop reducing that unless you still collect money. and if you're not going to collect it from income tax, which is the biggest source of funding for the government, then you've got to have a piece of it extra still a. what does all that salt for a moment to vicki multi discuss, let's give all of us more ideas about what's going on, because it's 5 minutes to assume that goal. se plans throughout the series of policies over the coming weeks, amongst me scaling back home green measures and nothing plays pushing back a bond on the side of new diesel. and petro caused by 5 years to 2035, facing out gas for this, and losing energy efficiency standards, seen it, cuz also prove the new north sea oil and gas and drilling field, his government has raised also the minimum wage for full time work. cuz so cool, so you know, some pushback in terms of the green policies about the government had been,
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you might say pushing and promoting to the british public. but hate just to has grab the headlines. this train line from london, hopefully going right up to the middle to manchester into leads, partly cancelled most of funding and it's going to a huge impact and a huge debate as we had towards that general election. all these things are really crucial a thing right now. i think what key wants to show is that she looks, it's a research to not looks at the figures and is quite concerned about the costs of the tax payer of a very schemes of whether the money can be re deployed in a different way where the body from money would be bachelors and the cost benefit would work to the advantage of those regions. and this is what he's been advocating now. is that the, the extension was a big expense which perhaps can, can be we deployed in different ways and to help these leveling up a little that would otherwise be the case. so, so there is that, but on the environmental side, which is interesting, all that's happened is that we've gone back by extending the deadline of when many
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manufacturing companies can still. so i'm to buy some engine cause and with fuel by petrol and diesel to 2035, which is more or less what was the case before 2019 and where all the other european countries are are also pursuing a similar deadline. this is what's going on around the world. so we went ahead of the pack, but in reality we don't have enough charging funds for electric vehicles. and that's a big, big issue. so there is a real concern also about where some of the components are. electric vehicles that produce, we know very heavily subsidizing bass, 3 production here in the you can release, trying to attract investment for it. so i think it makes sense from that point of view. and of course, a vicki with all of that debate going on about generate electricity generation and supply. does this really give, in your opinion, the labor party, the official position? i don't put you in a t to explain with what they would do and how they would proceed if and when they
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have a wind that general election because it might be an opportunity right now considering poll numbers for the ruling, conservative volunteer. so down i think that i've already indicated in my reverse that a change and the deadline also remains to be seen whether it's, it's doable or not. but there is another issue about new oil and gas licenses and then not see. this government has now allowed some new ones to be given and the labor part of your site is not going to allow any new one is when they come to file, but they wouldn't respect the ones that will have been given between now and then. if of course they when next time around. so the awesome distinguishing of factors that nothing, yes, uh the, the liberal party will, would try and, and differentiate yourself if you like from, from the conservative party. but it is quite difficult, particularly since they're still going to have a huge problem on the fiscal side. gonna be going to have to have a to stay with. we're just seeing what happens to the price that joining us from
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london. thank you for your time. i, i think it's the shrinking of foreign currency reserve and soaring inflation. so key is economy has been on a downward spiral for the past few years. the central bank has reverse present friendship, top photo ones, mandatory policy of height, interest rates to ease those prices. to bring in revenue, the government is betting big old manufacturing that account for maybe 20 percent of g d. p in 2022. so, so the spoke to the faith minister about he started by asking if to kia, has become an international production hub after the break of the go with 19 cortez the possibility of supply inc. tammy goes cleaning materials and all of the into immediate goods or consumer goods to invest in markets. and the, in this way to,
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to has pro and it says to be hop for the quality it competitive and raising the price of manufacturing products and a supplier. and the logistical what is the competitive edge of 2 key it among the countries as for attempting to attract for an in westman to boost in congress. what is your competitive patch torque is an open economic competitive market? the con, i mean, and our laws and all regulations are equal for domestic and international investors and tre, there's not discrimination at all in all aspects, taxation, public procurement, and public tenders, a commercial low in all aspects. so if you would like to take advantage of
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all these uh, factors, most importantly, we have a talented labor force we have at talent, the white color, good educated, workforce, and the have, as i mean, geographical proximity to the most develop markets like invest in europe in markets and we have a very competitive services sector in transportation, in telecommunications, high tech industries, and also for the sector. and is, i mean a, we have a very talented threes in sector. i mean, in detroit case tourism in the ranks fall off in the wrong area and and our
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goal is to increase the number of tory's entries in income to $100000000000.00 in threes in income and 100000000 tories. and by the year 2013, the countries still suffering from one of the highest inflation rates. so just coming to that of the winning, the me elections, your government's raised interest rate is dramatically from 8.5 percent to 25 percent. that was a departure from your previous policy that was based on the low interest rate. so what compelled you to alter your strategy and how has that affect that you are 4 and 3, if the or so far, the government had to have a new policy in monetary and economic field and to
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lead the country to grow for export oriented and means that for the, the city mil late are exportation and we try to keep the domestic domestic demand a little bit moderating. and therefore, in order to increase our hot currency, the reserves and central bank up to the far at sharp successive increases in the, in the political interest rates. this paula sit stock to, to have effects on the far ends right front. our exports are increasing at the lower rates compared to with the same month of last year. and a foot and tray deficit start to to degrees on the by mouth. i
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mean, each month and it shall love you will continue these trends and we will keep our heart governor series. this is sufficient for the economy and to keep f law, the minister of 3 of the republic of turkey. mister america, by thank you for i thank you very much. the big lot that was made international travel based impossible from all of them to yes. i see this kind of in my team restrictions were lifted, believes that people rush to go on holiday or visit that families 2022 sore, a huge rise in the num both international travelers. the phenomenon was dumped, revenge travel, but the edge to spend on pricey trips appears to be fading in 2023. a new report by the research company morning consult phone plan travel is folding in many countries mainly in europe. they've dropped 11 percentage points in from since 6 in june,
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but a since 2022 interesting travels that's out in canada and russia. the new data comes as the plane manufacturer. boeing says the recovery in travel demand is more resilient than the company expected. well, joining us from sydney assignment l's, good assignment as an aviation analyst and had to research at topic center for aviation. just as good. really good to have you with us from sidney. i mean, that's pace depending on which side of the fence you'll sitting, the document makes for interesting reading. i mean, what, what are the salient points that you think are important for the traveller more more? see is the sort of the revenge travel phrase from the end of next starting to come to a close. it's not happening uniformly a and it's not the same rate ever way. interested in any trouble remains elevated globally and airlines. seeing that translating into more interest in premium travel,
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business cause travel and that sort of thing. uh, but this being uh, i sort of slowing all this for being in trouble for my mom in some geographies. particularly the northern hemisphere advanced economies. people have had they, they've spent their savings on their once in a lifetime. well they, they fucking bucket list as a trip, and now they are returning to more, more usual, more typical travel patterns. what we're seeing in the developing world where economic growth is, is more rapid, is the there still pinned up savings, but it's still a launch desire to travel, particularly internationally. most is most pronounced piece. you know, of asia weight capacity is still only about 2 thirds of what it was in 2019. and so there's a lot of henry progressed in div that's cool. so you just mentioned the focus in move and uh, maybe northern hemisphere developed countries. i, europe,
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that people maybe haven't run out of money yet. there is money available as you say in other areas. and then other groups in other demographic such as, for example, the chinese, all the americans, lots taurus, groups come to europe, for example. what the financial situation, those 2 countries, for example, is also very difficult right now. how do you assess that markets of whether they are able to travel and want to travel as well, starting with the chinese trouble lock. and so trying to reopen, officially re up international troll in early, early this year. and there was an initial, a huge blooming interest that has a really translated yet into a really big group like chinese outbound travel and by international travelers coming into china. there are a range of reasons behind, but um, i mean going to select capacity. as i mentioned, the north asian markets,
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only about 2 thirds of china are still well up to 50 percent of its international pre pandemic capacity. um that has been continued given restrictions on the sounds of brick tumors and package tools to finally being so swept away and then also be a shift in the chinese trouble. the chinese rediscover the domestic market to travel during, during the coated period. and i am with some of the financial to them all that's been going on the market um and some of the, the elevated, lingering, elevated safety concerns in the chinese driver. we're seeing a strong preference for domestic trouble and data assignment just briefly a bit before we go. i mean, overall, do you think that the industry as well as for the travel it looks good as we sort of ends 2023 and we had to 2024. what are your predictions? the industry still got a lot of kinks to work out from private supply chains. i still disrupted
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the industry so hasn't managed to get employment back to where it was before that demick. there are still lots of unexpected. lots of bonds that are being thrown up by geo politics, by the constant shops of weather and, and one on forbids of the industry really adaptable and it's, it's a very, very high job sector. if a line see with one market isn't performing the shift, there could been elsewhere, you know, an aircraft is, is a transferable asset. um, so the industry is, is very, very fast to react to these situations. but it's not, it's not in the health that was beforehand demik, even though we see so many lines reporting record financial results. um those results are really undergoing the distributed across the globe airlines that are
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big, wealthy markets to not doing well. and the rest of the world is not going to well, we shall see what happens in 2024, but from american simon else. good, thanks for joining us from sidney. thank you very much for having me on that. so i'll show you the full this week to get in touch with us on the x formerly known as it's with him. i had to larry's out so on the school rom, and then to use the hash tag h a c t c. when you take on the top is a line on our email accounting, the costs the challenge, is there a don't that don't solve it tries, but as we'll see you online, the challenge is to have a dot com forward slash c t c. that will take you straight to our page, which has individual reports, links on the entire episodes. these to catch up on the search for this edition of counts and the cost times the whole robinson, the whole team here for joining us. the news is next on the
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the gm's to the the is there any strikes, pound garza, the only power station. the strip stops working off the 5th day of bump on the grief as hospitals in garza struggling to cope. at least 1100 palestinians have been killed, found some interest in the district s drawings.

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