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tv   Business Today  BBC News  February 21, 2025 11:30am-11:46am GMT

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what next for gaza? will stand up to donald trump's highly controversial redevelopment plans. we'll examine the economic challenges it faces today and gold rush: fears over tariffs send the precious metal to a record high. welcome to business today. i'm tadhg enright. while the future of the israel—gaza ceasefire in the saudi capital riyadh to discuss how to rebuild gaza. president trump s plan to develop what he called a middle eastern riviera, dislocating the people much about the effort to
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rebuild gaza in the aftermath years — and $20 billion needed in the first three. let's cross to the egyptian capital, cairo and speak to sally nabil from bbc arabic. we hear that an egyptian plan is likely to be the starting point of these talks. please tell us more about it. the exact details of the proposal are still unknown, but the exact details of the p is nosalare still unknown, but the exact details of the p is a sal are still unknown, but the exact details of the p is a countertill unknown, but the exact details of the p is a counter plan 1known, but proposal are still unknown, but it is a counter plan to what donald trump has president donald trump has proposed about relocating the
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people of gaza tojordan and egypt and owning the strip as he has put it in his own words before. the have come before. the egyptians have come up before. the egyptians have come up a counter proposal that up with a counter proposal that is based on starting the process = -= the its main relocating the people. its main feature is providing the people gaza with z z gaza with a z z gaza with a safe 1 z gaza with a safe shelter : of gaza with a safe shelter , 7 7-.- 7 w..- multinational af gaza with a safe shelter , , as- a a.” multinational companies have expertise in 7 7; : haverieixpe’rtiszein this who have expertise in this field start lifting the rubble and debris and then, afterwards, the ca n start can start with the help the egyptians and a number of the egyptians and a number of the egyptians and a number of arab nations. the is expected to yea rs years and huge take years and cost a huge amount of money, but the main of proposal from headline of the proposal from the egyptians is that the people of gaza will on people of gaza will stay on their own land because both egypt and have totally trump�*s proposal about
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rejected trump�*s proposal about relocating people of gaza. relocating the peopleaofgaza. is the relocating the peopleaofgaza. is the meeting today to that is the meeting today to this among discuss this proposal among other issues. it is costly, as i said, so it is the gulf countries that might have a share in this. plan, which is very profit driven. redevelopment of gaza? do they see a prospect for profit in that as well. some egyptian — profit in that as well. some egyptian _ have i profit in that as well. some i egyptian _ have been egyptian companies have been talking their interest in talking about their interest in taking part in reconstruction. i think we discuss i think we cannot discuss investment as investment opportunities as as we have political long as we have political uncertainty. so far the future of gaza and the fate of the people of gaza is still
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unclear. we do not know how it will be ruled how post—war will be ruled and how post—war will be ruled and how post—war will look. will the arab z:— 77 j at point —— natiana at aama paint ~~r firm—fr— gaza natiana at aama paint ~~r~ ~ �*gaza will look. will post—war gaza will look. will the arab nations up a the arab nations come up with a clear—cut counter argument that be implemented. will her can be implemented. will her mass be part of post—war guys :— -7£ :-—:§ who will take chargef j who will take chargevof: are? who will take charge of the strip? as long as there is uncertainty we cannot give answers as to there are ansguecszas towhether there are opportunities investment opportunities yet. thank you. german voters will pick a new government in an election on sunday. there could be a new chancellor in charge on monday; or perhaps the beginning of a political stalemate. the centre—right christian democratic union has been leading the polls, with the far—right alternativ fur deutschland in second spot.
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they won't work with the afd. anti—immgration sentiment has been on the rise. more about the economic backdrop and outlook. from illegal immigrants, is something that also dominated it has made immigration topic number one. as the polls suggest, what changes in economic policy
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are they are proposing if they were to take power? the german election campaign has not been what the christian democrats would like to do is cut taxes, also on energy — to bring down energy prices. they would like to open up options to return to nuclear power and on the investment side what they would like to do the big question is how to pay for it. parties, remain pretty vague. everyone's eyes are also on the support for the far—right afd party. i wonder, is there a risk of a prolonged political stalemate after this election?
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means we have this 5% threshold to get into parliament. four or up to eight parties may make it into parliament. to do the maths, it will be very difficult to find coalition anytime soon, so i expect it to come new data about uk government finances show that it spent considerably less than it received in tax last month, sounds good, butjanuary is when many people pay their tax bills so there's usually a big surprlus; and it joining me now is our international business correspondent, theo leggett.
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what does this say about the government's finances? a surplus injanuary is pretty normal, what analysts had been a surplus injanuary is pretty normal, v any analysts had been a surplus injanuary is pretty normal, v any ofalysts had been a surplus injanuary is pretty normal, v any of this s had been a surplus injanuary is pretty normal, v any of this forad been aaeastiaa aha; af thiafar responsibility had been was a surface of more m the ”w: 77 than —— a surplus... the financial year up until end financial year up until the end of government afjanaary. government ~ was at hundred and bfifinc as at “moraésvé . , ~ ~ billion, that bssna as at handsasjasé . , ~ ~ billion, that is ahead of £18 billion, that is ahead of forecast. what this means is that as we go the that as we go forward, the chancellor is trying to keep within certain w a." w' w sighs; ' " zshehastiscal constraints. she has fiscal rules which she says are rulaa whitish??? saga are. day—to—day non—negotiable. day—to—day spending should be financed by
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77 and not borrowing: tax receipts and not borrowing. debt as a percentage of income should be going national income should be going down by 2029. that is at the down. by 2929. that is at the of the down. by 2929. that is. at the of the current end of the current government's period in office. she has little to those 5 back in requirements. backing gctober. was requirements. backing gctober, was suggested requirements. backing gctober. was suggested that the it was suggested that the headroom, as it is to, headroom, as it is referred to, was at about £12 million. that narrowed into nonexistence has narrowed into nonexistence now. if she isn't to relax those rules, i should stress that those self—imposed, she may have to introduce curbs on public or tax rises or public spending or tax rises or both. she will be anxious to avoid that.— the price of gold has hit a record high, heading towards the milestone of $3,000 an ounce. the investor interest is partly triggered by concern about a potential tariff trade war between the us and its partners.
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into the us before any such tariffs come into effect. at the bank of england here in london, where $500 billion worth are kept in its vaults, staff have from the investment platform wealthify. she told about the significance of gold at $3,000 an ounce. five years from around the $2,000 level, but it really started to take off last year. the price last year was up about 25% and this year it is up around 12% so it is quite significant. not least tariffs — but prior to that you
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as you say, you have these people in the bank of england scrambling around trying to get these gold bars ready for delivery to new york, so it is all a little bit archaic. so we are putting it on a plane. absolutely. there's a further quirk. rather than having the right to any bar in the bank of england vault, holders must take delivery of a specific bar. so you can imagine all the staff running around, trying to locate and shifting
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stacks of thousands the delivery, the bars in london need to be approximately 100 ounces so you have this to switzerland to be recast in the smaller size for delivery, physical delivery in new york. yes, this is all going on in 2025!
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five police forces in england are today launching a new approach which will see
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domestic abuse specialists the pilot is part of raneem s law, named after a woman who, along with her mother, was murdered by her ex—partner despite making repeated calls to the police. our correspondent graham satchell reports. raneem 0udeh's last moments were captured on cctv. herformer partner, janbaz tarin, had been stalking and threatening her. and a confrontation. then her mother khaola, tries to intervene. but no—one came. police emergency. what's the location of the emergency? j hi. um, ijust called the police about half an hour, more than half an hour ago. and actually, i'm in danger. my ex—partner came, and he actually, um, harmed me raneem was on the phone to the police when both she and her mother were stabbed to death. almost you are in the centre of being alone and no
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one understands you.
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