this was a seriously risky budget. taxes are up. _ was a seriously risky budget.sky budget. taxes are up, spending is up, _ was a seriously risky budget. taxes are up, spending is up, the- was a seriously risky budget. taxes are up, spending is up, the books. are up, spending is up, the books have— are up, spending is up, the books have been— are up, spending is up, the books have been cooked _ are up, spending is up, the books have been cooked and _ are up, spending is up, the books have been cooked and we - are up, spending is up, the books have been cooked and we are - are up, spending is up, the books- have been cooked and we are looking at a fantasy— have been cooked and we are looking at a fantasy forecast _ have been cooked and we are looking at a fantasy forecast and _ have been cooked and we are looking at a fantasy forecast and i _ have been cooked and we are looking at a fantasy forecast and i am - at a fantasy forecast and i am desperately— at a fantasy forecast and i am desperately worried. - at a fantasy forecast and i am desperately worried. this -

of that in this budget. much all of that in this budget-— much all of that in this budget. jack from budget. jack from the sun. | everyday millions of people across _ everyday millions of people across the country will get in their— across the country will get in their cars _ across the country will get in their cars and to work. so would _ their cars and to work. so would any hike to fuel duty on would any hike to fu

that is the rachel reeves defence of her budget. is the rachel reeves defence of her budget-— her budgettion from _ her budget. that has been the accusation from the _ her budget. that has been the accusation from the shadow i accusation from the shadow cabinet, from rishi sunak, the former prime minister and also the shadow chancellor this morning, saying that what labour said when it was running to be made government they have now reneged on those promises. yes it is funny, we get a new conservative leader on saturday, but until then rishi sunak and jeremy hunt, the former prime minister and the former prime minister and the former chancellor, in fact they're both former chancellors, theirfinal moment chancellors, their final moment in chancellors, theirfinal moment in front line politics is responding to this budget. you saw a fiery denunciation of the budget from rishi sunak and jeremy hunt the shadow chancellor making similar arguments today. i think we knew in advance of the budget there would be questions after about rachel reeves�* honesty. but we thought that would focus on this

email budget responsibility. small businesses _ budget responsibility.lity. small businesses are the _ budget responsibility. small businesses are the engine i budget responsibility. small businesses are the engine ofj budget responsibility. small- businesses are the engine of our economy but many are penalised for investing in businesses because of the broken business rate system. will she ensure investment is exempted from business rates and ensure that budget as the final budget where business rates and a permanent feature? i budget where business rates and a permanent feature?— budget where business rates and a permanent feature? i would like to welcome her _ permanent feature? i would like to welcome her to _ permanent feature? i would like to welcome her to her— permanent feature? i would like to welcome her to her place. - permanent feature? i would like to welcome her to her place. small. permanent feature? i would like to i welcome her to her place. small and high street businesses at the lifeblood of all our communities including harrods and st

the budget deficit is expected. independence of the federal budget from oil and gas revenues. the source of financing will be domestic borrowing, the state debt will be about 18% by the end of 2027, 18% domestic product, that is, to remain at a safe level. dear valentin ivanov, dear participants of the parliamentary hearings, when forming the budget, we were guided by the need to ensure the stability of the financial system. dear ivanovna, dear colleagues, we are ready to work together with the senators during the consideration of the budget in the second reading, we know that the upper house of parliament has a proposal. verified, the budget is realistic, therefore, colleagues, we will proceed from this in our discussion. boris yuryevich kovalchuk, chairman of the accounts chamber of the russian federation. you have the floor, colleague egorov will prepare. esteemed valentina ivanovna, esteemed senators, i present to your attention. the forecast is formed on the assumption of a gradual decrease in export prices for oil from 70 dollars per barrel in the twenty-fourth year to 6

this budget is certainly one of the largest tax—taking budgets of the post—war era.from largest to smallest, this budget is actually the second largest, comfortably surpassing denis healey�*s double, gordon brown, rishi sunak mid—pandemic, beaten only by norman lamont there in 1993. so why is this budget so big? well, partly, that's down to all the tax—raising measures, 40 billion in fact in a year — we're showing you 2028—29 here as an example. it includes that employers' national insurance, raising 25 billion, although 5 billion is paid by the government. we have capital gains and inheritance tax raising 4 billion in that year. and the crackdown on non—doms, £3 billion in that year. but it's also a budget with some big spending going on. departments will get an extra £49 billion a year to cover things including pay — much of that will go to the nhs. there's £2 billion for compensation payments for the infected blood and the post office scandal. and then £24 billion extra in this year, long—term investment in major capital projects — road, rail, hospitals. all of th

and that, they say, makes this budget very different to the infamous mini budget.t some of the more challenging reactions to her budget from employers, farmers and the markets, but we haven't had the final word yet. reeta. faisal, thank you very much. and chris mason's here. as well as hugh pym, our health editor. hugh, and big questions tonight over whether care homes, gp surgeries and other health providers will be hit by the employers national insurance rise? but that's right. i wondering whether there would be some sort of rebate to cover these tar rebate to cover these for contributions _ rebate to cover these tr?" contributions but there has been talk of other health and contributions but th

and someone described the budget to me this week as like budgets has always been a moment where you getghtning in the sky and what a government is really all about is suddenly illuminated, because on a day to day basis, there's all these clouds and all these storms, you know, roaming around. but on a budget, they're in control on that day. and suddenly their priorities are there for everyone to see. the other thing that we didn't see today, though, was rachel reeves doing interviews, and we were discussing this in the last episode of newscast laura, about how that tradition of the chancellor going out and saying, i can't say anything other than what i'm willing to say to you. and it's a slightly frustrating interviewing process that's not happening this time around, and she's going to do the interviews afterwards. so all we're left with of rachel reeves own words today is this editorial she's written for the sun on sunday, which is a big picture of her with the red box. and what can we glean from that from that bit of writing? well, she had a new word of strivers. yes. which was last us

rememberforced a reversal mini budget which you will remember forced a reversal of that budget, but scale of the borrowing. watch this space, we don't know it will have any impact yet and it may go down again, but a little bit of nerves and they will be watching it closely within the treasury right now.— watching it closely within the treasury right now. thanks to ben for that. _ around the world and across the uk, this is bbc news. this is bbc news. we are going to the usa now. kamala harris and donald trump are on whirlwind tours of battleground states in the us, as the presidential election enters the final days of campaigning. it is one of the closest election races in decades. in each of the seven key swing states — which, historically, have voted both republican and democrat over the years — the difference between the main candidates falls inside the margin of error, making it hard to draw any concrete conclusions from the numbers. ione wells is in detroit. both candidates are going to be campaigning in two battleground states, arizona and nevada, hoping to create viral moment

federal budget for the upcoming three-year period. it so happened that our hearing, we are holding the birthday of our president, we have a good opportunity with such a composition to all together congratulate our deeply respected vladimir vladimirovich on his birthday, to wish him the same courageous, the same steadfast defense of the interests and sovereignty of russia, to wish him good health, colleagues, we are all behind him as if behind a stone wall, let's congratulate our president, colleagues, i want to thank the heads of the regions, representatives of the ministries and departments, scientists, experts, everyone who is taking part in our work today, special thanks to you, anton germanovich, your colleagues in the financial and economic block of the government, for such a voluminous, verified work for constant effective interaction with the federation council. back in the spring session, we were we were proposals for the formation of the concept of the main financial document have been prepared, as always, they are based on u

but let's just stick with the budget for now.ow, we know there's going to be a hike in employers national insurance contributions. and rachel reeves confirmed that doesn't fall under her definition of a tax on working people. why are people who run businesses not working people? what we set out in our manifesto was that we would not increase vat, national insurance or income tax on working people. and coming out of this budget, working people will not see higher taxes in the payslips that they receive. that is really important because we know the pressures that people are under on other measures in the budget, other tax measures. you'll have to wait to ask directly rachel reeves when she is here and i can't speculate, you'll appreciate, you know, the sunday ahead of the budget. i can't speculate on precise tax measures. this isn't speculating. i'm asking a question of principle. why are people who run businesses not working people under the chancellor's own definition? because our manifesto is all about vat, national insurance an

i'm not this being the fact this is a big budget. it is the first budget of this parliament.e slate clean under the act this is not a sort of budget we wod want to repeat but this is the budget that is needed to wipe the slate clean and to put our public finances on a firm trajecry. you will remember the first line of the first step in our manifesto was to bring back economic stability. if i had not had taken those choices to put our public finances on a firm footing, i would have wrist making the mistakes of the previous government which sent mortgage rates expiring -- rates spiraling and left businesses and families not knowing what the future had in store. today, we are fixing the foundations and ensuring that businesses and families can look ahead, plan for the future with confidence. >> you say this is not a budget you want to repeat. you're not going to be clobbering people year after year. >> first of all, i have made a commitment we will only hold one budget. that is different from the previous government. we kept coming back every few months with more tax increases,

annual budget.ndings and recommendations through her department heads and through the development of the annual budget. annual budget. implementation of accepted findings and recommendations through her department heads and through the development of the annual budget. implementation of accepted findings and recommendations through her department heads and through the development of the annual budget. >> supervisor preston thank you, president peskin i want to thank the grand jury for the acknowledgement of my colleagues on gao we take the leads on responding to each of these and one to thank supervisor safai and supervisor chan and thank you, from my staff for the efforts and have one minor technical non-substantive correction on item 17 that was circulated to the board i'd like to voted that amendment before we adopt these. >> okay. shall we do that few. >> that's item 17. >> correct. >> motion made by supervisor preston and seconded by and supervisor walton without objection. supervisor melgar. >

the famous letters and the budget fiasco - letters and the budget fiasco of years past.say that britain is open for business, but they have to follow up. yeah. he was boasting today that there is stability. you can well boast that there is stability because he has a whopping majority, and he is at the beginning of a tyrant, but i guess some of that stability will flow from the budget, which we don't have yet. the buduet which we don't have yet. the budget is _ which we don't have yet. the budget is really _ which we don't have yet. tue: budget is really where which we don't have yet. tte: budget is really where the rubber hits the road, and that is october 30. we are starting to see the kind of dance going on about working within the labour party's manifesto, which said that it wouldn't raise taxes using the three most typical means for the treasury to do that, national insurance, vat, and capital gains. it does not live in a lot of room for manoeuvre. so we are going to try to find ways to highlight that they are open for business, and i think what was especially well r

all issues related to the budget, consideration of all state programs, budget parameters, off-budgetds, bills. which are attached to the budget, will be considered by the budget committee, as always with broadcasting on the internet, so that any could look at the relations of factions, deputies. deputies of all duma factions have already familiarized themselves with the draft budget. sergei mironov proposed to revise the inflation parameters. when i saw the figure of the planned inflation, 45%, you know, such a deja vu, i have seen it somewhere before, but right. it turns out that for this year there were also contributions of 4.5%, and it doesn’t matter that now it’s 7.2, you know, i’ll say it simply, but it’s true, these figures were pulled out of thin air by the ministry of economic development, gennady zyuganov stated that the main financial document of the country should in first of all, fully ensure the achievement of the goals of a special military operation, but the main characteristics will work for victory, if they do not feed all the best of ... indexed from january 1 next

the congressional budget office was set up under the budget act of 1974.nce the budget act of 1974, deficits have been going this way, budgets have been going not balanced. was the budget act a good idea? because we were doing pretty well without it. peter: deficits haven't -- they went up, down, and now they are back up. the budget act gave congress better tools, but ultimately these decisions are not going to be up to an agency like the congressional budget office. they are up to our elected representatives. so i view the congressional budget office as empowering the legislature to make decisions, but those decisions are not -- they are driven by other factors. david: so you are doing that for a number of years and then president obama is elected and he asks you to be the head of the office of management and budget. for those who aren't familiar with that, what does that office do? peter: that is slightly different. it sounds similar to the congressional budget office, but think of the congressional budget office as an independent entity whose job it is

you are askin: is in the budget. you are asking me _ is in the budget.the budget. you are asking me to speculate l is in the budget. you are - asking me to speculate because thatis asking me to speculate because that is hypothetical. next weekend when rachel reeves is sat here you can cover all that. the clear direction we have set out as a government is that we hold to our manifesto commitments not to increase vat national insurance on working people and they will see that after the budget. 0ther after the budget. other measures, that's the chancellor. i5 measures, that's the chancellor.— measures, that's the chancellor. , ., ., chancellor. is the owner of the small business _ chancellor. is the owner of the small business a _ chancellor. is the owner of the small business a working - small business a working person? i small business a working person?— small business a working erson? . ,, u, person? i appreciate your frustration _ person? i appreciate your frustration and _ person? i appreciate your frustration and i - person? i appreciate your frustrat

ti9 argu who delivered the last budget man who delivered the last budget before this one, the formeretting more _ this is not a debate about getting more funding for the nhs in public service, _ more funding for the nhs in public service, they needed more money, they found — service, they needed more money, they found money when we were in power. _ they found money when we were in power. the — they found money when we were in power, the choice is whether you find that— power, the choice is whether you find that extra money through tax rises _ find that extra money through tax rises that— find that extra money through tax rises that are incredibly damaging to the _ rises that are incredibly damaging to the economy, or whether you are prepared _ to the economy, or whether you are prepared to — to the economy, or whether you are prepared to make difficult decisions on welfare reform refund the money a different _ on welfare reform refund the money a different way. the result of what the government has done today is very damaging tax rises for ordinary families, _ very damaging tax rises

the bud . et as when the budget happens. the budget as an — when the budget happens.n actually happened yet but we seem to be hearing loads of lea ks yet but we seem to be hearing loads of leaks already... this is standard _ loads of leaks already... this is standard stuff. _ loads of leaks already... t�*t 3 is standard stuff. everyone seems to be spooked by the liz truss mini budget by the markets getting spooked. i think there is a feeling that if there is a lot of bad news let's push it out and see what the reaction is. but the budget is pretty much sorted and the chancellor has had to go to the office for budget once responsibility and say what her plans were this week. there is still some to detail but the basic budget is probably set by now. if you ask the treasury you'll get no response. this is briefing behind the scenes... let's speak to nimesh shah, chief executive of blick rothenberg, a tax, accounting and business advisory firm. we got into some of the detail there, butjust tell us, in terms of the numbers from your perspective, if this comes in, and they

the current budget package is more voluminous and ambitious than usual.t year , revenues are projected to grow to more than 40 trillion rubles, colleagues, this is 4 trillion, you must agree, in difficult conditions, more in comparison with the previous current year. expenses, however, will amount to about 41.5 trillion. in the next 3 years of budget execution. with a small deficit, for example, next year it will be at the level of half a percent of gdp, and the economy will grow by 2.5, 2.8%, annually the main driver will be consumer demand, while the budget is becoming less and less dependent on oil and gas revenues, and more than 70% of all budget revenues will be oil and gas, the chairman of the accounts chamber said. oil and gas revenues for 2025 are planned in the amount of 10.9 rubles. further, a small a decrease in oil and gas revenues to 10.6 trillion in 2026 and to 9.8 trillion in 2027, which is due to changes in the main parameters of socio-economic development, the dynamics of energy prices and the adjustment of taxes. acceptable for citizens.

budget since labour were elected injuly. your thoughts?e right context. 0nly i think that report was the right context. only the third change of administration budget in my lifetime, since 1979. you have 2010, 1997, when the uk government changed colour. and therefore, the context is the unveiling of a vision for the uk economy and the size of the public sector, how the public sector is going to support growth, which parts of the economy are going to be taxed. you operably going to do that in yourfirst you operably going to do that in your first fiscal event because you recognise politics get ever harder the longer you are in office. —— you are probably going to do that. the anticipation _ probably going to do that. the anticipation of _ probably going to do that. the anticipation of what rachel reeves will be saying at the dispatch box, she has to raise tens of billions of pounds to inject growth, but already there is real concern is that businesses, small and medium—sized businesses, who fuel growth in the uk, are going to be hit hard by

i think a good comparison would be the mini budget of 2022, because that budget envisaged about 40 billion0r40 billion of loosening of fiscal policy, yesterday's loosening is about 35 billion, but the reaction of financial markets is quite different, so yields are up by 20 basis points, whereas on the 2022 budget they were higher significantly than that. and of course, the question what is, and you touched on it there, is about whether people see the benefit and are prepared to offer a bit more if they see an improvement in public services as promised. the same is very is money she is very aware that the changes will affect businesses absorbing the costs, meaning they might get smaller pay rises, therefore it is a big gamble that growth will result from these changes, because you're putting a burden on business. business could just say, hang on, we will go elsewhere?— just say, hang on, we will go elsewhere? . , ., ., ., elsewhere? that is a fair point, and what i would _ elsewhere? that is a fair point, and what i would say _ elsewhere? that is a fair point, and what i would say on _ else

we _ the budget to them. probably, but we can't do that every day. we have - the budget to them. day. we have a limit _ can't do that every day. we have a limit of _ can't do that every day. we have a limit of passing this on to customers. they are tired of hearing that every— customers. they are tired of hearing that every week as well. | customers. they are tired of hearing that every week as well.— that every week as well. i hear the chancellor — that every week as well. i hear the chancellor in _ that every week as well. i hear the chancellor in my _ that every week as well. i hear the chancellor in my ear _ that every week as well. i hear the chancellor in my ear saying - that every week as well. i hear the chancellor in my ear saying it - that every week as well. i hear the chancellor in my ear saying it is i chancellor in my ear saying it is difficult times and we have to find the money, maybe this is only the one bit of pain you have to take. do we have to shoulder this? that one bit of pain you have to take. do we have to shoulder this?— we have to shoulder this? that is

to adjust their budgets.t will today's budget mean for public services? will it end austerity? here's ben chu from bbc verify. we have been hearing in the run—up to the budget about complaints from cabinet ministers about being forced to accept more spending cuts in their day—to—day budgets. we've been hearing in the run—up to the budget about complaints from cabinet ministers about being forced to accept more spending cuts in their day—to—day budgets. yet rachel reeves also says she will end austerity, which is taken to mean no more cuts in departments' budgets. so how do we reconcile these things, which seem to be somewhat contradictory? well, let's start with the context, first of all. this shows the department's day—to—day budgets, adjusted for inflation since 2010. so health is 38% higher. health has been a protected department. but look at transport — no higher today than it was 1a years ago. and justice, well, that's 14% lower. and communities and housing still almost 60% lower. these are so—called unp

, the local budget now we are finalizing it, and you can see the map in front of you. let's look at the object we are talking about today, cherkasy region, please click on the interactive one, so we have the object umansky hrodama highlighted, ugh, here is a city, a city, yes, click, ah, the city of uman, we we pass all levels from ukraine, region, district and city, please click on uman, and you will get to the map, where on the map. there is a point on which, if you click, there will be detailed information about who paid, the address, who paid, when, who was paid, from which budget programs and what amount, and if you go to scroll down, there will be information, the same information, only when you have a lot of objects, there will be detailed information, because we will update this map and monitor how much expenditure is provided and how much is used , and people living. there in these territories, in places in uman, even in kharkiv, in odesa, in the kyiv region, they can see how much has been allocated to their immediate object and how much money has been used. m

is a disaster, let's look at how the budget is formed, i i won't tell you much, i'll say it this waylify it, the financial year has passed, the financial year is underway, people pay taxes, businesses pay taxes, and so on, the budget is formed, everything that is paid into the budget is withdrawn from the economic process for some time, due to consumption, due to investments, and so on, but then a period comes when the state again pours money into the economy from the budget through expenses and develops. accordingly, consumption also takes place and investments are made, but when we talk about a zero budget option, this means that we are actually talking about the redistribution of the same amount of money within different industries, when we talk about a budget surplus, this already resembles a slight absurdity, because this means that all the resources that the state has accumulated, some of them it preserves in piggy banks in order not to develop the economy. therefore, i will offer you another option, when we talk with you about the fact that the budget deficit or, for example,

doom. i�*we got my first budget next week.er american counterpart on balancing the books. the chancellor is walking a new path now. rachel reeves confirming a change to how her all—important budget borrowing rules will operate. we will be changing the measure of debt, i will set out the details of that to the house of commons next week but i have listened to the imf who have been clear that we do need to free up more money to invest in capital, to grow our economy and seize the huge opportunities there are in digital, tech, life sciences, in clean energy, but we will only be able to do that if we change the way that we measured debt. some might see this as a slightly sneaky shuffle when you are in a bit of a tight bind, fiscally, or are you embracing the idea that this is meant to, for example, maintain investment levels at 2.5%? the plans that i have inherited from the conservatives see public sector net investment decline quite rapidly as a share of our economy and if we continued on that path, we would miss out on other opp

to adjust their budgets.omorrow's the big day — faisal will be watching proceedings closely and is here for us now. so what else can we expect to see in the budget? this is going to be a budget of big change. one for the history books. so where will it sit in the past half century of chancellors and their tax raising budgets? here is all of them — red for labour, blue for conservative with tax rising budgets above the line and a smaller number of tax cutting ones below. now have a look at this — where each general election falls, and there's a pattern of big tax rising budgets in the first year or two after an election. getting the bad news out of the way early on. now, let's take the biggest of those historic tax rising budgets — that's as a proportion of the whole economy. you'll see norman lamont in there. denis healey a couple of times and rishi sunak�*s mid—pandemic tax rise. but where will rachel reeves�* budget sit among all her male predecessors? if the briefings are correct, this is where we think he

there is the chancellor agreed that the budget tomorrow, we need to— agreed that the budget tomorrow,set the foundations of our economy _ need to reset the foundations of our economy. the last parliament was the worst _ economy. the last parliament was the worst ever _ economy. the last parliament was the worst ever recorded. the budget is our promise — worst ever recorded. the budget is our promise to fix this so we can deliver— our promise to fix this so we can deliver for— our promise to fix this so we can deliver for families in hexham and around _ deliver for families in hexham and around the — deliver for families in hexham and around the country. the top 10% earned _ around the country. the top 10% earned a — around the country. the top 10% earned a staggering 57% of wealth up from 225— earned a staggering 57% of wealth up from 22.51995. in our communities, energy— from 22.51995. in our communities, energy prices — from 22.51995. in our communities, energy prices that what will the government do to make sure the gap doses? _ the gap closes? i thank my - honourable friend for th

i want to ask you, as a budget chief, everyone says that trump's tax cuts will worsen the budget deficit, a big story in "wall street journal" this morning. no one understands the laffer curve. you unde understand it let's talk about it. >> we have a blue print to put the country in its people's government here in united states on path to balance. central to that. is growth. and you can't grow when you are thrusting the barrage of regulatory rigmarole on small businesses, economic engine. you can't have your foot on the backs of the lifeblood of our economy, energy producers, and you can't raise taxes on the heels of covid and the recovery that we have been trying to suffer to get back on our feet. but, keep getting knocked down by dumb economic policies from this administration. so, unleashing prosperity again with same formula that -- >> i love that phrase. >> it was unprecedented. the 2017 trump tax cuts along with the deregulation, america first policies, and not paying people not to work, but incentivizing work capable people to get back to the marketplace, taking together gave us r

since the adopted budget. and also, we are going to update the federal state revenues and expenditures, including carrying over our ongoing analysis will help us identify the trends for 2324 year that could impact the current year 2425, and adjust the budget for the outer two years 25, 26 and 2627. in our multi-year projection, the next financial reporting milestone is the first interim report. by december 15th. its around the corner. thank you for the time today. this concludes the presentation and open for any questions you might have. yeah. and just thank you for the presentation. and at the high level you know i would say what we just heard was, you know, some a little bit of good news, bad news and really no news. the good news is our funding balance is in a stronger, stronger place. but those are you know, really those are just additional one time funds. we have. the bad news is, doctor huntoon said, is that it's still too wide of a pendulum when what we're seeing in different reports. and that does need

what after that is happening considering that we have a one-year budget planning, these funds are not actually used, and there is no permission for them, for their use, there is no permission for their use, in order to... to get permission, the government once again this year makes its decision on the allocation of funding for this object, this year he allocated around 59 million hryvnias there, which he did not use last year, if the funds are not used this year, then it will be lost, next year the government will again be forced by its decision to allocate funds for... on reconstruction of this object, taking into account that as of now , almost 10 million hryvnias have been used for this object. from the local budget, part from the state budget, then i understand that conditionally, for almost two years, more than a year, a little less than uah 15 million was used for this object out of almost 70, the representatives had some very strange arguments, i i understand the local self-government body, well , it seems to me that the governor is... or the head of the military administration

budget later in the program. budget later in the program. coming up, the - it's something about having that piece of paper. some people think that's worth more than my skills. - i've run this place for 20 years, but i still need to prove that i'm more than what you see on paper. - you gotta be so good they can't ignore you. - it's the way my mind works. i have a very mechanical brain. - analytics and empathy. that's how i gain clients. - i am more... - i'm more... ...than who i am on paper. lizzie: good morning this is bloomberg daybreak: europe, i'm lizzy burden in london and these are the stories that set your agenda. chinese stocks are mixed as investors digest manufacturing data that raise hopes that the measures are working. the yen strength and so they keep the rates unchanged. a day for european bank earnings, asset management and investment banking driving growth had bnp paribas out. the dutch lender also boosting its outlook. plus, the u.k. chancellor promises to rebuild britain and boost public spending in labor's first budget in m

the rest of the cabinet, by the way, have no idea what�*s in the budget until the morning of the budget and i�*m thinking that�*s you admitting to leaking. no, that�*s the treasury giving guidance about what might or might not be in a budget. i do just want to bring in claer barrett, consumer editor at the ft. how do you, as a journalist, prepare for budget day? ok, so it's a bit like gearing up for some gigantic financial exam. and as george said, nowadays, with modern budgets, a lot of the news is out there or is in the ether. so you've got a feeling of, like, where the big stories might be, so you can kind of get all of your prep in. but you�*ve got to be across it all. yeah. i mean, and how quickly do you have to give your take? well, more and more quickly nowadays, in the days of social media, because, you know, i was speaking to some of my colleagues in the office today who've worked for the paper for 30 years, and, you know, in those days, you'd have an enormous print supplement, extra pagination. you would do the budget at 3.30. it was much later then. you'd go to press really l

i asked comparing this to george osborne's budget.e comparing this to george osborne's budget. i asked him if he thought today had echoes. it’s budget. i asked him if he thought today had echoes.— today had echoes. it's probably auoin to today had echoes. it's probably going to be _ today had echoes. it's probably going to be different _ today had echoes. it's probably going to be different because l today had echoes. it's probably - going to be different because going to see huge tax rises. the first budget sets the tone for the whole of the coming parliament. i think this is definitely an echo, but i think it's a major difference because in 2010 the conservatives had spent a year talking about the difficult decisions that were going to have to be made. i do think there's a big difference now because we haven't had... i do think there's a difference now because we have had a difference now because we have had a labour government which has said we will not raise guff taxes but now they are. do we will not raise guff taxes but now the

, part from the state budget, then i understand that conditionally, in almost two years, more than in a little less than uah 15 million was used for this object last year, out of almost uah 70, which is a lot strange the arguments were from the representatives, as i understand it, of the local self-government body, well, it seems to me that the governor or the head. the military administration of the region or city, in this case, has from this object, you know, how very, brutally i will say, does not get out until it is finished, because it is in principle a shame that you have funds and do not use them, and now i want to move away from this object and talk about the general system, the general trend in... the country, we, we are an organization that is the only one that monitors and verifies financial expenditures under the fund for the elimination of the consequences of armed aggression, and we have developed an interactive map on which we have plotted every object financed from the fund for the elimination of the consequences of armed aggression, excluding critical infrastructure a

s upcoming budget. and thed a machine straighter hasn't ruled one out.of america's starkest warnings yet to its long time ally, a strongly worded letter from the u.s. to israel's government and says if it doesn't boost humanitarian aid to gaza the next 30 days it could see military assistance stop. the letter was written two days ago and called on urgent and sustained actions by the government this month to reverse the trajectory. let's go to our correspondent in washington, gordon kerara. does this letter come as a surprise to people in washington? gordon: it has come out of the blue in one sense but the state department in the briefing the last hour or two said it isn't new in the sense they've been pressing for more aid to be able to get into gaza for some time. their point was back in april, they made representations to israel about the problems of getting aid in and that led to an increase in that case of aid deliveries getting back up to 300 to 400 trucks getting into gaza. but the state department has been saying that has now dipped to around half

— politician, you will see a budget where if your family income _ budget where if your family incomesay here, ithink— year, 70 grand as we say here, i think you _ year, 70 grand as we say here, i think you will see the budget will be — i think you will see the budget will be all about your family. the — will be all about your family. the labour party told us those with _ the labour party told us those with the — the labour party told us those with the broadest shoulders are going _ with the broadest shoulders are going to — with the broadest shoulders are going to have to help undo the crazy— going to have to help undo the crazy damage of 14 years of conservative rule and the labour _ conservative rule and the labour party needs to relax and have _ labour party needs to relax and have talks — labour party needs to relax and have talks about this and not overcomplicate it. do have talks about this and not overcomplicate it.— have talks about this and not overcomplicate it. do you think that the labour _ overcomplicate it. do you think that the labour party, - overcomplicate it. do you

i�*m not disputing the fact that this is a big budget. it�*s the first budget of this parliament. repeat, but this is the budget that is needed. the office for budget responsibility, the independent watchdog, says that growth in wages and salaries and profits are constrained by the increase in employer national insurance. you guys talk about yourselves being pro—business and pro—worker. the obr don�*t believe it, so why should anyone else? but if we had have just reversed the unfunded cuts that the conservatives made, that would have all been felt by working people. so it�*s a might have been worse argument? we have made the decision to put the tax burden that we�*re having to increase today on the wealthiest and on business. the scrutiny is just beginning here as the crowds are departing and a new political landscape is emerging. chris mason, bbc news, in westminster. let)s take you to these live pictures from taiwan and the city of taitung on the southeast coast. most activity in taiwan has shut down as it prepares for the arrival of what is expected to be the biggest storm to h

part of the reason the budget surplus is so big is not . budget surplus is so big is not just becausee irish exchequer —— ongoing windfall. some adjustments have been made to the global corporate tax rules and that has benefited ireland in a way they were not supposed to, so big companies like apple and microsoft and pfizer, they are continuing to pay large amounts of tax which is being treated as a windfall tax in ireland and the government is putting that into a strategic national investment fund because they realise at some point that money could disappear but for now it is not going to disappear and the irish economy is ticking along very nicely partially thanks to this huge windfall from apple and other companies. it windfall from apple and other companies-— windfall from apple and other comanies. , . . , companies. it is a nice problem to have. companies. it is a nice problem to have- john — companies. it is a nice problem to have. john campbell, - companies. it is a nice problem to have. john campbell, thanks to have. john campbell, thanks forjoining us. let's head to canada —