hello. this is bbc news. i'm sally bundock with the latest headlines for viewers in the uk and around the world. the british finance minister says his first budget will promote growth and get more people back to work. the opposition accuses him of sticking plastic politics. credit suisse plans to borrow more than $50 billion to shore up its finances after shares hit rock bottom on wednesday. a political shake—up in the netherlands. the farmer—citizen movement could win provincial elections. and violence on the streets of italy. german football fans clash with police before the champions league match in naples.

a very warm welcome to the programme. we begin here in the uk. it is the morning after that budget. the chancellor has insisted his first budget is transformational and will get people back into work. jeremy hunt set out major changes to pensions and benefits, as well as an expansion of free childcare in england, all designed to boost economic growth. the new pension tax rules will allow higher earners to save more into their pensions, tax free. the opposition labour party has said it's the �*wrong priority�* for the �*wrong people.�* emma simpson reports. at this nursery in south—east london working parents like charlie love the idea of 30 hours of free childcare for those nine months and over in

england. her daughter, dorothy, will hopefully qualify.— will hopefully qualify. other to - line, will hopefully qualify. other topline, ecstatic, _ will hopefully qualify. other topline, ecstatic, i've - will hopefully qualify. other topline, ecstatic, i'vejust i topline, ecstatic, i�*vejust gone back to work so it is really demoralising that the majority or not even majority but my whole salary goes to childcare. but my whole salary goes to childcare-— but my whole salary goes to childcare. �*, ., ., ., , ._ childcare. it's a good newsday for childcare. _ childcare. it's a good newsday for childcare. it _ childcare. it's a good newsday for childcare. it is _ childcare. it's a good newsday for childcare. it is reassuring l for childcare. it is reassuring that— for childcare. it is reassuring that it — for childcare. it is reassuring that it is _ for childcare. it is reassuring that it is now on the agenda, on top — that it is now on the agenda, on top of— that it is now on the agenda, on top of the agenda. it is taken _ on top of the agenda. it is taken so _ on top of the agenda. it is taken so long, it's a shame. if taken so long, it's a shame. if you taken so long, it's a shame. you had taken so long, it's a shame. if you had more childcare, you'd you had more childcare, you�*d work more? for sure. you had more childcare, you�*d work more? forsure. i like you had more childcare, you�*d work more? for sure. i like the balance. june is in charge of this nursery and 39 others across london. she is sceptical the government plans can work. they say childcare wants to be the best, they want to do the best for parents, then they have to find it and put their hands into their pockets more deeply than 204 million. you aren't sure — deeply than 204 million. you aren't sure the _ deeply than 204 million. you aren't sure the sums - deeply than 204 million. you aren't sure the sums add up aren�*t sure the sums add up your? they don�*t. this has been doubly back to a budget with a

range of measures to tempt parents, the over 50s, retirees and those on disability benefits into employment. that includes abolishing the lifetime allowance for pensions. the amount that workers can accumulate before they pay extra tax. 0n the cost of living the government is going to continue to cap typical household energy bills at two point £5,000 until the end ofjune. feel duty from motorists is frozen for another year. the business, corporation tax is going to increase from 19 to 25% but firms will also get £9 billion of tax relief if they invest in new machinery and technology.— they invest in new machinery and technology. what i want to sa to and technology. what i want to say to young — and technology. what i want to say to young people _ and technology. what i want to say to young people is - and technology. what i want to say to young people is that - say to young people is that this is a growth plan that will mean there are betterjobs, but opportunities for you, we�*re going to fill thei opportunities for you, we�*re going to fill the 1 million vacancies that companies up and down the country have, so they can grow faster. and we�*re going to encourage them to invest more with one of the

most competitive regimes in the world. ., ,., most competitive regimes in the world. . . , most competitive regimes in the world. ., ., world. labour has attacked ension world. labour has attacked pension changes _ world. labour has attacked pension changes in - world. labour has attacked pension changes in the - world. labour has attacked . pension changes in the budget as a £4 billion tax giveaway for the wealthiest. and there was little to solve the uk�*s problems. was little to solve the uk's problem-— problems. the big missed opportunity _ problems. the big missed opportunity is _ problems. the big missed opportunity is what - problems. the big missed opportunity is what we - problems. the big missed l opportunity is what we want problems. the big missed - opportunity is what we want to do is big reset, this big change of direction whether chancellor says will not accept being the worst performing major economy in the g7 anymore, we recognise the fact we are the only major economy that has not grown to its pre—pandemic level. that has not grown to its pre-pandemic level. there is the reality — pre-pandemic level. there is the reality of— pre-pandemic level. there is the reality of households - pre-pandemic level. there is. the reality of households from the reality of households from the government�*s official forecaster. this graph shows post inflation disposable income. it was already predicted to fall sharply over two years. while it now falls less than predicted back in november, we are still facing an esoteric drop in living standards.— an esoteric drop in living standards. ~ . ., ., standards. what we thought for a lona standards. what we thought for a long time _ standards. what we thought for a longtime as _ standards. what we thought for a long time as the _ standards. what we thought for a long time as the economy - a long time as the economy would bump along the bottom at about zero for most of the year. that�*s really what the 0b are saying. the important points to bear in mind as a result of that is that very

large fraction of households will suffer a material deterioration of their standard of living this year. the chancellor _ of living this year. the chancellor says - of living this year. the chancellor says the . of living this year. the chancellor says the budget is a comprehensive plan for growth but he has many challenges ahead. emma simpson, bbc news. later on the programme in 25 minutes will diejust the budget, but was on it in more detail, with an expert spew for various players. they will give us their take on whether it will do thejob us their take on whether it will do the job boosting growth, getting people back to work. all that still to come. let�*s talk about what�*s going on in switzerland. the swiss central bank has agreed to provide a loan of more than $50 billion to the troubled banking giant, credit suisse, if needed. shares in the bank plunged 24% on wednesday, sparking a wider sell—off in european stocks, which closed down more than 3%. it comes days after the failure

of silicon valley bank in the us. 0ur correspondent, michelle fleury, has more. hopes the problems of us banks would stay in the us haven�*t panned out. shares in switzerland is second largest bank credit suisse dropped 20% to record lows. we should point out credit suisse is a bank which has been in turmoil for years. as one wall st analyst put it, it�*s been a slow—moving car crash. new things have happened speaking investors, it has material we in its financial reporting and its top back ruled out lending it any more money, all of this is adding to concerns about the global banking system, in an attempt to stabilise the troubled lender the swiss central bank and swiss banking regulator said that credit suisse meet its capital and liquidity requirements, and crucially the swiss central bank was ready to lend money necessary. us authorities are also monitoring the situation,

and the european central bank has called banks on its watch to exposure to the swiss lender. the ecb the first central bank to face the interest rate dilemma. will it hike by 50 basis points as planned at its ratesetting meeting later this thursday or has the renewed bank turmoil changed its calculation? that�*s michelle fleury. again, more later on that story in our business coverage. let�*s get some of the day�*s other news. rescuers in colombia are scrambling to find 10 miners who became trapped underground after a methane gas explosion. ii of their colleagues were killed in the blast. with oxygen running out, the sitaution�*s becoming increasingly desperate for loved ones waiting for news. italy�*s highest court�*s ordered the retrial of two americans who are serving time for the killing of an italian police officer in rome injuly 2019. the americans, who were travelling in italy, had been sentenced to life in prison for the killing, which followed

a botched drug deal. a court in pakistan has ordered police to suspend an operation to arrest the opposition leader, imran khan, until thursday morning. it followed pitched battles between security forces and supporters of mr khan outside his residence in lahore. the confrontation began on tuesday when police tried to arrest the former prime minister for failing to appear in court over corruption charges. mr khan says the charges are politically motivated. early exit polls from elections to 12 provincial parliaments in the netherlands suggest an astounding victory for the recently—formed farmer—citizen movement. formed in 2019 in the wake of widespread farmers protests, the party is projected to win the most seats ahead of prime minister mark rutte�*s liberal conservative people�*s party for freedom and democracy. 0ur correspondent in the hague, anna holligan, was watching the exit poll results come in. a political victory

reflecting a rural unrest. all the predictions indicated the farmer�*s party would perform well, but these exit polls suggest it has surpassed even the party�*s own greatest expectation. translation: what is happening? what is happening here? _ we knew we were going to win, but this is indescribable. caroline van der plas has galvanised farming communities fraught with uncertainty over government plans to buy out thousands of dairy farms in an effort to reduce harmful nitrogen pollution by half to meet 2030 climate targets, but the exit polls show her blend of folksy conservative nationalism has resonated beyond the farming industry, among voters nationwide increasingly disillusioned with the governing coalition. translation: the netherlands has clearly shown that - it is fed up with the cabinet�*s policies. as i already said, this is

notjust about nitrogen, this is about the citizens who are not seen or heard, who are not taken seriously, who have problems and are not being dealt with. the farmer�*s party says the nitrogen issue has been exaggerated and that the proposed solutions will lead to farm closures and food production shortages. farmers and their supporters consider this to be as a fundamental part of the dutch landscape. translation: you can see among farmers _ that there is a sense of powerlessness — we don�*t know what to do. we feel restless and feel that something is being imposed on us. decisions are made based on desk studies. but what is really going on? how can we influence it? 0n the other side of the spectrum, last weekend riot police used water cannon to remove people calling for the state to invest more in renewable energy and end government subsidies for fossil fuel industries. turnout was the highest in 30 years.

voters�* confidence has been shaken by recent enquiries into gas extraction in groningen and a childcare allowance scandal, which found politicians in the hague systematically neglected the vulnerable people they were elected to serve. these exit polls underline the current polarisation, particularly over the government plans to tackle the climate crisis, and prime minister mark rutte will be aware of the power of the farmers party vote in the senate, which could force him to seek support from other parties to push through any policies. anna holligan, bbc news in the hague. stay with us on bbc news. still to come: new suits for those who go where few have gone before. astronauts get high—tech thermal spacesuits and helmets that come with lights and a video camera. today, we have closed the book

on apartheid and that chapter. more than 3,000 subway passengers were affected. nausea, bleeding, headaches and a dimming of vision — all of this caused by an apparently organised attack. the trophy itself - was on the pedestal in the middle - of the cabinet here. now, this was - an international trophy, and we understand now that the search for it. has become — an international search. above all, this was a triumph for the christian democrats of the west, offering reunification as quickly as possible, and that�*s what the voters wanted.

this is bbc news. the latest headlines: the british finance minister says his first budget will promote growth and get more people back to work — labour accused him of sticking plastic politics. credit suisse plans to borrow more than $50 billion to shore up its finances after shares hit rock bottom on wednesday. the leaders of south korea and japan are holding theirfirst summit in 12 years, as they seek to set aside historic animosities. the talks will likely focus on regional security and north korea and comes hours after the north koreans launched an intercontinental ballistic missile which landed outside japan�*s territorial waters. joining me live in seoul is our correspondent jean mackenzie. also i�*m joined by shaimaa khalil, our tokyo correspondent.

shaima, lets start with you. these two leaders meeting to talk after such a long time. talk us through the reasons why they are doing this now? this visit comes — they are doing this now? this visit comes a _ they are doing this now? this visit comes a week, - they are doing this now? this visit comes a week, sort - they are doing this now? try 3 visit comes a week, sort of a week, a little bit more, after south korea announced it was going to compensate its citizens for forced labour in japan�*s factories during wartime. it is a controversial decision that angered many in south korea but was hailed in japan and the united states. effectively president yoon hit the reset button and ended this long dispute that had really seen a deterioration between the two countries, especially since 2019 when we saw

communication all but stopped. what we are seeing now is that those two countries revamping the relationship and it could not have come at a more crucial time. earliertoday not have come at a more crucial time. earlier today north korea fired an intercontinental ballistic missile, its fourth week and no doubt north korea will be top of the agenda. this is diplomatically significant because it has not happened for a long time but strategically as well because of the threats they face. north korean threats, china�*s expansion ambitions in the region and trade relations that have also dried up. essentially, these issues are going to continue, these historical tensions, but it is signifying to the region and common allies in the united states that they are willing to put their history aside to face the threats they have together in common in the present. what in common in the present. what about the perspective _ in common in the present. what

about the perspective from - about the perspective from seoul because of course it neighbour north korea is showing its muscles once again as these talk? north korea has demonstrated today exactly why south korea is increasingly feeling it has to co—operate with japan with insecurity and why it is taking this important step to mend this fractured relationship.— step to mend this fractured relationship. this is now the fourth missile _ relationship. this is now the fourth missile test - relationship. this is now the fourth missile test we - relationship. this is now the fourth missile test we have | fourth missile test we have seen — fourth missile test we have seen from north korea in a week _ seen from north korea in a week it _ seen from north korea in a week. it is a suspected intercontinental ballistic missile, long—range, we do not know_ missile, long—range, we do not know exactly what missile but it flew — know exactly what missile but it flew for over an hour and landed _ it flew for over an hour and landed in _ it flew for over an hour and landed in the sea ofjapan. north— landed in the sea ofjapan. north korea is protesting against a series of large miiitary— against a series of large military exercises held on the korean— military exercises held on the korean peninsula by south korea and the — korean peninsula by south korea and the united states. it drew anger— and the united states. it drew anger from pyongyang because it sees them as a major thread but north— sees them as a major thread but north korea is becoming an

increasing threat to south korea _ increasing threat to south korea and japan. its weapons are becoming more sophisticated and more — are becoming more sophisticated and more dangerous and south korea — and more dangerous and south korea and _ and more dangerous and south korea and japan know they stand to benefit if they share their intelligence and if they have their— intelligence and if they have their militaries work together. it is their militaries work together. it is very— their militaries work together. it is very possible north korea has chosen this morning to taunch— has chosen this morning to launch this missile because of this summit because it does not like it's— this summit because it does not like it's so—called enemies working _ like it's so—called enemies working together but it is proving _ working together but it is proving exactly why they need to co—operate more closely. there — to co—operate more closely. there is _ to co—operate more closely. there is more security threat than — there is more security threat thaniust_ there is more security threat thanjust the threat there is more security threat than just the threat posed there is more security threat thanjust the threat posed by north— thanjust the threat posed by north korea, it is also about china — north korea, it is also about china as _ north korea, it is also about china as well. south korea and japan — china as well. south korea and japan have a lot more in common than _ japan have a lot more in common than they— japan have a lot more in common than they have that divides them _ than they have that divides them. the us has been pushing them _ them. the us has been pushing them for— them. the us has been pushing them for a _ them. the us has been pushing them for a long time to work more — them for a long time to work more closely together as it tries— more closely together as it tries to _ more closely together as it tries to pull together all its partners across the indo—pacific to combat this rise — indo—pacific to combat this rise of— indo—pacific to combat this rise of china and as china

says. _ rise of china and as china says. it _ rise of china and as china says. it is _ rise of china and as china says, it isjust becoming impossible to ignore. thank you to ou impossible to ignore. thank you to you both _ impossible to ignore. thank you to you both very _ impossible to ignore. thank you to you both very much. - in indonesia verdicts will be handed down on thursday for three police officers charged with negligence over a deadly stampede in a football stadium last year. indonesia�*s human rights commission has said police officers firing tear gas into the crowds was the main cause of the fatal stampede at kanjuruhan stadium, in which 135 people were killed. early in the morning indonesians were shocked by the deaths of dozens of people at a stadium in malang city, called kanjuruhan stadium. there was a match between two football club rivals and looking at the history of the unruliness of the supporters of both football clubs, the match that night was only allowed to be attended by the home supporters, which was the arema football club.

arema that night lost the match and then not long after the game ended, supporters went onto the pitch to express their disappointment while players were still there. the fans�* actions were met by force by the police, and witnesses said that the police punched and kicked the supporters and some supporters fought back. the tension escalated. after that the police fired tear gas not only on the supporters at the pitch but also at the people on the stands. this caused people to run and scramble to find the exit gates, only to find that they were locked. this caused the deadly stampede. in the end, 135 people were killed at the stadium and at the hospitals, and more than 600 people were injured. and this is one of the deadliest stadium tragedies in the world�*s football history. german football fans clashed with italian police on wednesday evening, after eintracht frankfurt

supporters arrived in the italian city of naples despite being banned from attending a champions league match against napoli. a police car was set on fire and smoke bombs and flares were thrown at officers, who responded with tear gas. local media said eintracht fans were also attacked by some napoli fans. the match was played without incident inside the ground, with napoli winning 3—0 to progress to the quarterfinals. time now for the sports news. hello. mark edwards with your sport. we start with football. there was no miracle in madrid and the news that real madrid are through to the quarter—finals of the european champions league after knocking out liverpool to reach the last eight. karim benzema scored the only goal of the second leg as the holders won their last 16 tie 6—2 on aggregate. john murray reports. the feeling was liverpool had

to score the opening goal. they did come close. darwin nunez early on with a shot saved by thibaut courtois. alisson also produced some great saves. however, ratherthan produced some great saves. however, rather than the tension building, it fizzles away and when the ball bounced to karim benzema, he could not miss, his seventh european aisle against liverpool, his third of the tie and his 19th against premier league clubs and so there was no miracle. it was mission impossible and for a third season in a row, liverpool�*s champions league and is at the hands of real madrid. one of the biggest stories of the nfl off—season is reaching a conclusion, with quarterback aaron rodgers revealing that he wants to leave the green bay packers to join the new yorkjets. rodgers has spent his entire 18—year career so far with the packers,

winning the super bowl in the 2010 season. he has considererd retiring but has now revealed his intention to carry on playing, and get traded to thejets. the terms of the deal have still to be agreed, however the four—time mvp and currently most highly paid quarterback in the nfl last year, says the decision might have been made for him at this point, as i sit here, i think since friday i made it clear that my intention was to play and my intention was to play and my intention was to play for the new yorkjets. 0k. it has been compensation that the packers are trying to give for me and trying to dig their heels in and i think it is interesting at this point to step back and look at the whole picture. my love and appreciation for everything green bay has done for me to stop ijust would like to move on and they have let me know in so many words and other people know in direct words.

tennis and frances tiafoe is through to the semi—finals of the indian wells masters. the number 14 seed from the united states beat the 2021 champion, britain�*s cameron norrie, in straight sets. tiafoe coming through 6—4, 6—4 to reach the last 4 of a masters series event for the first time in his career. in the women�*s singles, the number 2 seed aryna sabalenka is through to the semi—finals after a straight sets win over coco gauff. sabalenka, the reigning australian open champion, won 6—4, 6—love, to seal her place in the last four. you can get all the latest sports news at our website — that�*s bbc.com/sport. but from me and the rest of the sport team, goodbye. nasa has unveiled a brand new spacesuit design that its astronauts will wear on future missions to the moon. azadeh moshiri has this report. it has to be one of the most brilliant moments in my life. the men is perhaps an unlikely catalogue but nasa has decided they need a new line for the

iconic spacesuits. this is what astronauts will be on the outermost three mission. front and centre as i tried to return to the moon. and according to those who have worn the necessaries and update was surely needed. —— artemis. it surely needed. —— artemis. it was demanding, squeezing the gloves, moving the arms and trying to bend over, it was exhausting. it trying to bend over, it was exhausting.— trying to bend over, it was exhaustina. ., , ' . exhausting. it was so difficult to wear that _ exhausting. it was so difficult to wear that it _ exhausting. it was so difficult to wear that it led _ exhausting. it was so difficult to wear that it led to - exhausting. it was so difficult to wear that it led to some i to wear that it led to some other clumsy if historic moments. now, comfortand mobility are at the heart of the new design. the new helmet offers better visibility and the birds have been updated specifically for men walking. they have even insulated them for the moon�*s south pole. nasa is continuing to test the suit, in its custom 40 feet deep pool in its custom 40 feet deep pool in texas. it in its custom 40 feet deep pool in texas. , ., in texas. it will give us a treat in texas. it will give us a great indication - in texas. it will give us a great indication of -

in texas. it will give us a great indication of how l in texas. it will give us a i great indication of how well the suit works and what kind of fatigue that crewmembers are going to feel after working for six or seven hours.— going to feel after working for six or seven hours. one ma'or difference though, i six or seven hours. one ma'or difference though, the i six or seven hours. one major difference though, the outer l difference though, the outer layer will be white, just like the suits that graced the moon�*s surface for the very first time. azadeh moshiri, bbc news. it suits you say, that is what they say. —— sir. just before we go i want to show you these pictures from california, where residents of these homes in san clemente orange county had a very close call with a landslide. the state�*s had a tough few months for storms, and it�*s now facing, notjust heavy rains but melting snow that�*s adding to the flood waters and causing mud and landslides like these. extremely dramatic pictures. so, what does the budget, if you are watching in the uk, mean for you? we have a special online on that very subject,

looking at what has been announced and what it can meet for your finances. announced and what it can meet for yourfinances. we�*ll announced and what it can meet for your finances. we�*ll be unpacking that more detail a litre later for you. unpacking that more detail a litre laterfor you. i unpacking that more detail a litre later for you. i will see you injust litre later for you. i will see you in just a litre later for you. i will see you injust a moment. hello. it�*s quite mild out there and that�*s how it�*s going to stay over the next few days. but with that comes a lot of cloud and occasional outbreaks of rain. and that�*s what we�*ve got in the headline for thursday. so here�*s the satellite picture and you can see this thick cloud streaming in from a south—westerly direction. you can see the weather fronts here, a broad area of rain—bearing cloud and that mild current of air all the way from the azores, wrapping around the low pressure, and we�*ve got those weather fronts pushing through. so the forecast through the early hours shows that heavier rain across more northern parts of the country. rain, dribs and drabs, elsewhere and very mild in the morning, about 10 in the south and also in northern ireland.

still a little on the chilly side in northern scotland, around two degrees, where, earlier on, we had some snow across the highlands. so the forecast for thursday shows that heavier rain making its journey further north. there will be some rain also around other western parts of the country, but also sunny spells developing in northern ireland, but also heavy showers, possibly some thunderstorms, too. one or two glimmers of brightness possible also in east anglia and the south—east. mild, up to 15 degrees in some spots, but still chilly in stornoway, 7 degrees, and about 5 degrees in the northern isles. now, that low pressure is still with us on friday. in fact, multiple areas of low pressure and weather fronts sweeping across the country. it won�*t be raining all the time. in fact, on friday, from the morning onwards, you can see that rain is quite showery out towards the west. also a spell of showery rain for the extreme south—east and also east anglia. there will be some sunny spells, so certainly not raining all the time. temperatures every bit as mild, if not milder, 15 or even 16 celsius. still that colder air sitting in the north and the north—west of scotland, around

8 degrees or so. into the weekend, a very undulating pattern in ourjet stream. and when we see these big ridges in the jet stream, that means that milder air is still streaming in from the southern climes. and you can see that mild air engulfing many parts of western europe and even reaching central parts of europe as well. so the outlook into next week shows those temperatures into double figures, in fact, hovering around 14, 15 degrees. but with that, a lot of cloud, outbreaks of rain, but sunny spells from time to time, too. bye— bye.

hello again. this is bbc news. i�*m sally bundock with the latest business headlines. the back—to—work budget. uk chancellorjeremy hunt shakes up pensions, benefits and childcare. can it kick—start a stagnating economy? today we build for the future. with inflation down, debt falling and growth up, the decline nests are wrong and the optimists are right. its, decline nests are wrong and the optimists are right.— optimists are right. a country set on a path _ optimists are right. a country set on a path of _ optimists are right. a country set on a path of managed - set on a path of managed decline. _ set on a path of managed decline, falling behind our competitors, the sick man of europe — competitors, the sick man of europe once again. also coming up: bailed out. credit suisse says it will borrow as much

as $54 billion from the swiss central bank.