we've set out the compensation within the budget, the transparent budget, accountable budget, and what will -- we will make the payments as soon as we can. >> may i quickly echo the prime minister's sentiments on the other son of lewis, which i wish had woken up in the isla parts. my constituency faced long-delayed cancellations of service because of the mp's incompetent handling. in last week's budget the scottish received a record settlement. can i urge the prime minister to tell scottish ministers to invest in the nhs and build schools in places and finally fix the fiasco? prime min. starmer: mr. speaker, last week in the budget we delivered the largest settlement for the scottish government in real terms since to pollution. -- devolution. that includes 3.4 billion pounds, a fuel duty frees, an increase the national living wage, benefiting his constituents and all those across scotland. the result of the budget is now clear. the smp and power scotland have the powers they now have the money, they've got no more excuses. >> mr. speaker, does the pie minister really think it is accept

— budget. are you fighting for that? ., �* budget. are you fighting for that? ., , ., that?you can't be in a position to say that. that? you can't be in a - position to say that because we haven't set departmental budgets for beyond 25—26, as you know. we will be doing that in the second phase of the spending review, and work will get going soon on that. we will be doing that in spring next year. what i'm clear about, and i said already a couple of times, is that public services now need to live within the envelope we have set. we won't be coming back to top up those budgets. we have set the envelope for public spending and it is through reform and economic growth that we need to be able to properly fund our public services and to improve living standards for new families.— living standards for new families. ,., ., .., ., families. good coming all the media will— families. good coming all the media will behave _ families. good coming all the | media will behave themselves and not stick their hands up. fine, a questionjust here. thank you. joe from the health foundation. we a

this was a budget that only invested in our n.h.s. and schools but also ensures that working people won't face a penny extra in their pay slips or at the petrol pump. because of tough decisions on tax, we have national insurance income tax just as we do for borking people. we gave the three million lowest paid, a pay-rise. >> prime minister, lebanon is in crisis. my constituents, cap katherine flanagan, is in despair. her 3-year-old son has been out of her care for two years. the belfast court ruled he should be returned to his mother and they issued a bench warn for the arrest of his father. but when she fled dmessing violence in beirut she god no assistance if the colony. and she wants to see her son again and come back to the u.k. she has not received the assistance that she, or i, or our community expect. can i ask the prime minister to engage in that issue and ask the foreign secretary to assist my constituent in her earnest desire to see her 3-year-old son again. >> i thank the right honorable gentleman for raising this case and

this was a budget that only invested in our n.h.s. and schools but also ensures that working people won't face a penny extra in their pay slips or at the petrol pump. because of tough decisions on tax, we have national insurance income tax just as we do for borking people. we gave the three million lowest paid, a pay-rise. >> prime minister, lebanon is in crisis. my constituents, cap katherine flanagan, is in despair. her 3-year-old son has been out of her care for two years. the belfast court ruled he should be returned to his mother and they issued a bench warn for the arrest of his father. but when she fled dmessing violence in beirut she god no assistance if the colony. and she wants to see her son again and come back to the u.k. she has not received the assistance that she, or i, or our community expect. can i ask the prime minister to engage in that issue and ask the foreign secretary to assist my constituent in her earnest desire to see her 3-year-old son again. >> i thank the right honorable gentleman for raising this case and

then, we had a budget that the office for budget responsibility said would increase inflation -- >> orderam going to hear the question. i suggest that we all hear it together -- then our constituents can understand the answer as well as the question. alex burghart. >> first, we had above-inflation pay rises for the unions. then we had a budget that the obr said was going to push up inflation. this morning, we had city economists -- real economists -- saying that next year inflation will hit 3%. does the right honorable lady agree that this government's decisions mean higher inflation for working people? >> i ask the honorable gentleman, 11.1% or 3%? >> we have already talked about ukraine. it was ukraine and covid that drove up inflation, but this government are doing it to the british people. high tax, high inflation, low growth, low reform -- there is a word for that, it is starmerism. yesterday, like many opposition members, i spoke to farmers from across the united kingdom. some of them were families who have farmed their land for centuries -- elderly men in tears, children worried ab

tom: the budget uncertainty is behind us.mer sentiment has picked up at least around the edges. what is your estimation in terms of how the u.k. consumer evolves over the next 12 months? erin: i think january will feel very tough for the consumer. i think for retail businesses as well. it is hard to see a super positive outlook into 2025. what is wonderful is the retail executives in this sector in the u.k. has proved resilient. they follow the consumer and adapt. i think we will see another change in consumer behavior owing into next year to which retailers will have to adapt to to be successful. tom: is it the consumer putting more scrutiny on their purchases? erin: because of employers contributions, it is one of the largest employment sectors in the u.k., retailers, retailers are telling us they can either deal with that headwind in terms of cost savings or pricing will have to go up. i think that creates nervousness. we were just feeling inflation, off. i think that will lead us into next year. tom: erin brookes, thank y

france's budget standoff.t happens if marine le pen follows through on her threat to bring down the government. we are seeing it shakedown some of the stock market, the bond market. we talk about this as well. at the same time, you have germany. the debt conversation, the federal election as well. all of this will shake out to real volatility. even talked about the trump threat on eu exports. it is things giving holidays here in the united states. european futures are actually up. all of that coming up, next. this is bloomberg. ♪ kriti: good morning this is bloomberg daybreak: europe. let's get to the stories that set your agenda. the biden administration weighing additional curve on semiconductor. ai memory chip sold to china. a crackdown on tech ambitions. the french government facing a potential no-confidence vote that could oust the prime minister as he attempts to pass the budget. french bonds and stocks feeling the effect. ftc launching a broader investigation into microsoft, looking into everything from

there has been another big headline. — budget. there has been another big headline, that _ budget.e, that of _ budget. there has been another big headline, that of the - big headline, that of the conservative leadership race. kemi badenoch taking charge now. she gave that first interview. what was the highlights from that? she was talkin: highlights from that? she was talking about _ highlights from that? she was talking about where _ highlights from that? she was talking about where she - highlights from that? she was i talking about where she thought her party had gone wrong under her party had gone wrong under her predecessors and areas where she thought policies were wrong. 0ne where she thought policies were wrong. one of the things she said yesterday in her speech was that her party needed to be telling the truth, and set not keeping promises on things like tax and immigration. she was asked what she thought her predecessors had gone wrong. then she got onto her views about the partygate scandal here in the uk. that is where the former prime minister boris johnson and former

the budget carried forward £2.4 billion for flood defences.he prime minister commit to being able to use his offices to finally get this scheme built and to fix the foundations of tenbury wells? prime minister starmer: i am grateful to her for raising what is an awful situation for her constituents. we all know how devastating flooding is, both the initial damage that it causes but then the ongoing damage, including problems of insurance, etc. that then prevail for many years. we are committed to tackling this, which is why we set aside the money that we did in the budget. i will happily arrange for her to have a meeting with the relevant minister to look at the particular details of this case. i thank her for raising it, as it is such an important issue for her constituents. >> nick smith. >> last weekend in cwmtillery, torrential rain caused a landslip. slurry, even boulders, poured down the streets. people were afraid. the chancellor just agreed a welcome £25 million for coal tip maintenance in wales. given the impact of extreme weather eve

and this is this has been a pretty controversial area of the budget.armers at least are up in arms. there's a protest planned in a couple of weeks' time outside westminster, where the farmers are coming. i don't know if they'll be bringing tractors or what that will look like. but i'm sure they will. the national farmers' union knows a thing or two about a photocall. there'll be cute baby lambs, as well. exactly. there'll be all of that, presumably, because some farmers are very unhappy about this imposition on some farms of inheritance tax at 20%, half the rate that applies to some other people, 40% at death. now, the chancellor, i thought, struggled somewhat to explain the mitigations that she says she has put in place when you challenged her on it. the £1 million allowance that a couple has before agricultural property relief will exist for her family. . in addition to that, the individual claim - for agricultural property relief is £1 million now. | but if the farm is- owned by two people. then of course you could then transfer that allowance - to

the chancellor's budget was a copy— defence. the chancellor's budget was a copy and _ defence. a copy and paste of biden economics. it turns out high borrowing, high inflation — it turns out high borrowing, high inflation approach was less popular than she _ inflation approach was less popular than she may have thought. may i suggest _ than she may have thought. may i suggest he urges her to change course — suggest he urges her to change course or— suggest he urges her to change course or is he determined to be a one term — course or is he determined to be a one term leader? the course or is he determined to be a one term leader?— one term leader? the one thing i learned as _ one term leader? the one thing i learned as leader _ one term leader? the one thing i learned as leader of _ one term leader? the one thing i learned as leader of the - one term leader? the one thing i i learned as leader of the opposition is it's a good idea to listen to what the government is actually saying. i think she just said that the defence wasn't mentioned in the budget! it is absolutely clear an

in thei budget we have put £5 billion into farming _ budget we have put £5 billion into farming in —nto farming in the _ budget we have put £5 billion into farming in the next _ budget we have put £5 billion into farming in the next few— budget we have put £5 billion into farming in the next few years - budget we have put £5 billion into farming in the next few years and | farming in the next few years and that is_ farming in the next few years and that is the — farming in the next few years and that is the biggest _ farming in the next few years and that is the biggest single - farming in the next few years and that is the biggest single amount| farming in the next few years and . that is the biggest single amount of money— that is the biggest single amount of money put — that is the biggest single amount of money put into _ that is the biggest single amount of money put into farming _ that is the biggest single amount of money put into farming because - that is the biggest single amount of money put into farming because i. money put into farming because i want _ money put into farm

we have set out the compensation within the budget , a transparent within the budget, a transparent budgetable budget and we will make the payments just as soon as we can. >> torcuil crichton, thank you , >> torcuil crichton, thank you, mr speaker. >> may i quickly echo the prime minister's sentiments to that other son of lewis? though i wish i had woken up today in the isle of harris. my wish i had woken up today in the isle of harris . my constituents isle of harris. my constituents there face long delays, cancellations and loss of service because of the snp's incompetent handling of ferry procurement. in last week's budget, the scottish government received a record settlement. >> can i urge the prime minister to tell scottish ministers to use that to improve public services in scotland, to invest in the nhs in highland year, to build schools in places like barra and to finally fix the ferry fiasco ? ferry fiasco? >> the prime minister. mr speaken >> the prime minister. mr speaker, last week in the budget we delivered the largest settlement for the scottish government in real terms since

it was a budget slate clean. it was a budget that— slate clean.nomic growth. first. — our plan for economic growth. first. it— our plan for economic growth. first, it provided economic stability _ first, it provided economic stability. by putting our public _ stability. by putting our public finances back on a firm footing~ — public finances back on a firm footing. that required difficult choices on spending, on welfare, and on tax. but by making — on welfare, and on tax. but by making those tough choices now, we are _ making those tough choices now, we are providing stability for the long _ we are providing stability for the long term. because instability in our public finances leads to instability in our— finances leads to instability in our financial markets. that is not — in our financial markets. that is not good for investment. that— is not good for investment. that is not good for growth and it is not— that is not good for growth and it is not good for business. so by drawing a line under instability, business can now plan — instability, bu

fiscally, byron's annual budget is 19% of the department's annual budget. and so now we'll talk a little bit about some of the programs. byron business is a regional energy efficiency program that brings big energy savings to our small businesses. s.f. leads the administration and implementation of this program, which serves all nine bay area counties. the program has a very strong focus on equity. we exclusively serve businesses that are hard to reach, and that means that they could be businesses located in a disadvantaged community or on california native american tribal lands, or business owners who speak english as a second language. byron business has a $3 million annual incentive budget, and the program has a very innovative pay for performance approach, which just means that we only pay for actual energy savings that we measure at the meter, and that helps to protect the ratepayer funding. 2024 has been a very successful year for byron business. this year we've received 259 project applications, typically for lighting and refrigeration measures at bu

state budget situation? penix says there are a number of factors including revenues coming in higher than expected. he also notes the legislature and governor took the unusual move % of working on the upcoming budget more than a year in advance action. they took includes reductions or delays to some spending and withdrawal of about 7 billion dollars from the state's rainy day fund. those actions allowed. the state is saying that the state's budget would be balanced for the upcoming fiscal year as well absolutely a positive development. california department of finance deputy director hd palmer spoke with us behalf of the newsom. administration. well, the latest budget analysis is welcome news to the administration. palmer notes. there are a lot of uncertainties, including policies from the incoming trump administration that governor newsom believes could negatively impact the state budget. things like. >> very high increases in tariffs, changes in legal for migration policies that could affect california's e

fire is $34.5 million over budget, and opd is $51.9 million over budget. during today's meeting, opd chief mitchell says he's working to obtain a 25% reduction in overtime immediately, among other possible cuts. the temporary closure of five fire stations. that's something the firefighters union says would be devastating. i recognize that every single position that is cut from the budget is a dedicated oakland worker who believes in the city. even if the contingency budget makes it clear that the city doesn't believe in us, despite published reports, the city of oakland claims they do not meet the federal standards to file for bankruptcy. frustrated residents argue oakland should have taken earlier steps to avoid being in this spot altogether. the reality is that you're going to have to make cuts. you always, all of you, are kicking the ball down the road and you know you got to make cuts. stop fooling the public to limit the impact of spending cuts to public safety. council member rebecca kaplan and council president nikki fortunato bass are requesting th

always respond to budgets in a normal way.nformation about the economy and it is normal for mas markets to respond the key part of the manifesto is bringing economic stability back to britain we've done that with this budget. >>> the reckitt is cleared in a lawsuit accused of warning of risk from the premature baby formula. >>> after what was a very difficult month for european equities, we are seeing a bit of green this morning when thinking about how we are opening and how we traded so far in europe the stoxx 600 so far at this stage up .50%. as you can see on your screen, we have green across all of the major bourses. let's pay attention to the ftse 100 tracking higher at this stage. this, despite the recent concerns of the budget and labour government. some questioning whether we will see higher interest rates for longer when you think about the overall performance for european bourses as well, bothworth keeping in m for the eurozone yesterday at 2% it decreased the chances of a jumbo rate cut in the month of december let

we had a budget last week which declared war on_ budget last week which declared war on business, privateiness, private sector workers and farmers. it seems today— workers and farmers. it seems today that _ workers and farmers. it seems today that the secretary of state — today that the secretary of state wants to add students to that list — state wants to add students to that list. not content with pushing up the cost of living for everyone with an inflationary budget, and pushing down wages with a national insurance increase, we are now — national insurance increase, we are now in — national insurance increase, we are now in a situation where students _ are now in a situation where students will suffer. and yet again — students will suffer. and yet again there was no sign of this in the — again there was no sign of this in the labour manifesto. indeed. _ in the labour manifesto. indeed, the prime minister made scrapping — indeed, the prime minister made scrapping university tuition fees — scrapping university tuition fees centrepiece of his leadership campaign back in 2020 — leadership

we are auoin to budget like this ever again. we are going to create _ budget like this ever again.is ever again. we are going to create 1000 new - budget like this ever again. we are going to create 1000 new jobs. - budget like this ever again. we are i going to create 1000 new jobs. some going to create 1000 new “obs. some sectors are ploughing _ going to create 1000 newjobs. fine sectors are ploughing ahead with investment and welcome promised planning changes. if we investment and welcome promised planning changes-_ planning changes. if we can get a ”lannin planning changes. if we can get a planning system _ planning changes. if we can get a planning system that _ planning changes. if we can get a planning system that allows - planning system that allows investment to move much more quickly that will— investment to move much more quickly that will make a huge difference to economic— that will make a huge difference to economic growth for the country. the leader of economic growth for the country. leader of the economic growth for the country. tie: leader of the opposition concede

germany faces and nearly 10000000000 euro gap and next years budget. how can i get out of this mess? that's the question. how back and lender have very different answers to callback believes targeted government spending will stimulate the economy. what lender wants spending costs as a soft and climate regulations? one thing everyone can agree on is that the divisions are damaging to all parties and that the collapse comes at a particularly bad time for germany, jerry and the future policies of us trusting elect. donald trump are expected to pose a king's challenge to european trade and security. and now germany long regarded as europe leader and international issues is distracted by domestic affairs. us and our chief political attitude, michelle cruz, and joins me now from warm shallow. the timing of this break up seems less than ideal your biggest economy, martin political crisis on the same day that donald trump is re elected house. and we look at this crisis and what the had what was the spectacular timing? because this actually happens, the announc

to get them towards the budget. to get them to -a towards the budget.udget. to get them to pay taxes- in _ towards the budget. to get them to pay taxes. in that _ towards the budget. to get them to pay taxes. in that way, - towards the budget. to get them to pay taxes. in that way, it - to pay taxes. in that way, it is beneficial to the government.- is beneficial to the government. is beneficial to the covernment. �* ., , government. and the economy. thank you _ government. and the economy. thank you very _ government. and the economy. thank you very much _ government. and the economy. thank you very much for - government. and the economy. thank you very much forjoiningj thank you very much forjoining us. americans at home and abroad will be tucking into their thanksgiving dinners later today without the steep rises in food prices consumers have had to cope with in previous years. a key measure of consumer inflation ticked up to 2.3% in the year to october, a bit higher than expected, but still close to the federal reserve's 2% target. michelle fleury h

this french budget story is a big one.he prime minister michel barnier dropping plans to raise electricity taxes in his 2025 budget kind of a bow-down to the right and what we are seeing from marine le pen and her threats to shutdown the government. markets are track for a weekly drop with french lenders weighing in today. we are seeing german inflation. we learned vw workers germany wide are getting ready to strike from early december. and in terms of the sector gainers we have been tracking for you, take a look on the screen. here is what is moving the market higher. basic resources up 1.5%. real estate recording gains. industrials in negative territory. that means we are seeing significant declines in terms of sector losers across the european market outlook right now. in terms of what is dragging the market lower, you can see it is telco down 4.4. auto and travel and leisure reporting declines. let's get a look at the u.s. futures are shaping up as wall street gets set to reopen after the thanksgiving holiday. you see

state budget situation? penix says there are a number of factors including revenues coming in higher than expected. he also notes the legislature and governor took the unusual move of working on the upcoming budget more than a year in advance action. they took includes reductions or delays to some spending and withdrawal of about 7 billion dollars from the state's rainy day fund. those actions allowed. the state is saying that the state's budget would be ballots for the upcoming fiscal year as well absolutely a positive development. california department of finance deputy director hd palmer spoke with us behalf of the newsom. administration. well, the latest budget analysis is welcome news to the administration. palmer notes. there are a lot of uncertainties, including policies from the incoming trump administration that governor newsom believes could negatively impact the state budget. things like. >> very high increases in tariffs, changes in illegal for migration policies that could affect california's ec

months of division in the german government over the budget and during a major slow down of the german economy, free democratic leader in finance, minister christy on lender blame chancellor schultz for the break up the um. fortunately, we made suggestions for an economic time around 12 to put the country back on the path to success. folks cause so being any, got people cut the less bureaucracy that's taxation. mazda should programmatic energy and climate policies control more control of immigration. lifestyle can at the same time strengthening the individual responsibility performance and encourage innovation, right? these are for the suggestions, so i'm not even accepted as a basis for discussions by the social democrats and greens. ok, it's up to you. it's and that's the outgoing finance minister. there max hoffman is head of news at the job you. he has more on how the chancellor explained to break up this. steven, the overarching argument was his responsibility towards the country and he felt like he couldn't be in charge of that responsibility with this finance minister, which he

and the impact _ announced in their budget. and the impact the _ announced in their budget.have alan ukraine and how much the uk could spend on defence. the chief of the _ could spend on defence. tue: chief of the defence could spend on defence. tte: chief of the defence staff spoke this morning how crucial he sees the need to increase defence spending. labour, they worded it carefully, they promised to set out the path of spending two point 5% of gdp on defence. they set out the path to spending 2.5%, they did not say when it would happen or if it would happen in this parliament. darrenjones was asked about that again this morning. he said there would be a timeline set out in spring, we expect the spending review of all government spending in the spring and it will be announced then. i have spoken to sources in the last few months, it is when not in. they say that election of donald trump has in their words focused minds on the need to increase military spending. thank you very much. there are reports that dozens of palestinians were killed overnight by two israeli airstrik

the budget committee proposed a 10-year plan to get to a balanced budget.e could achieve our goals. host: how will he do that if there is a push by the president-elect to renew the 2017 tax package? the congressional has estimated continuing all of the expiring provisions would cost roughly $4 trillion over a decade. guest: there are offsets. you have to keep in mind in this country we don't have a revenue problem. we have a spending problem. we have got to cut back on the spending. we have got to address the majority of what is causing our budget is entailed in our budget. 72% of the budget is social security, medicaid and medicare. social security can be fixed without cutting benefits to those who are getting it now or will be getting it in the near future. if we don't fix social security, young people, they will not be there for them. we are being irresponsible if we don't do something about social security. i want to say they can only be done in a bipartisan fashion. it would be political suicide for one party, whether republican or democrat's to try to

difference with previous budgets?ks very much for having me. it's great to be here. so, the spending decisions taken in last wednesday's budget will mean the government will need to borrow more. they will need to borrow more by on average of 1% of gdp in each of the next five years. that means general government debt to gdp will slowly rise. at moody's, we take a long-term view with credit ratings. the budget is not materially changed that long-term view. as you said, it will make an already difficult fiscal picture in our view more challenging. the government is going to have a limited buffer now to absorb shocks. we already expected prior to this budget that for most large european economies, it would be difficult to reduce debt given the acute spending pressures. >> my question is does this budget call for a downward revision for the uk economy? at this stage, you still rate it as stable. is this the moment to actually move it to negative? >> so, we don't comment on future rating outclooks. that reflects the fact t

the budget as it is does not support it.hat's why we're seeing some of the moves starting on the market that maybe this government might fall soon. the question is what's next? the national assembly will stay the same whether the government falls or not. the national assembly will remain the same. as difficult to come up with some compromise and measures to try to tackle the deficit. the issues are at play at the moment and the next couple weeks. it is interesting to hear from the finance minister speaking this morning on tv and saying that you cannot compare france to greece after the moves on the bond market yesterday. >> translator: france is not greece. france is an economy and employment situation and economic activity and attractiveness and economic and demographic power that are far superior. that means we're unlike greece. what did yesterday's episode, which lasted a few minutes, you mentioned on borrowing costs tell us? it told us some countries did their work. they were in the red, but they pulled up their sleeves

we've now had that budget last month.m such that we get barely any growth at all? we've had barely any growth in the uk economy for more than a decade now. 0.7, 0.5% earlier in the year? we bounced back from a recession the previous year. the truth is our economy has not grown in the way that it should do and in the way that our competitors have. these are the recent uk economic numbers. after the pandemic bounceback in growth, it has been sluggish, a recession in red last year and then another bounceback which has now petered out, with just 0.1% growth over summer. the uk economy could do with just a little more heat right now. while the plan here is to produce a futuristic energy source, they are already exporting some of the world's most advanced industrial magnets across the world. and it is in the area of trade, both with america and europe, where there are big uncertainties over the economy. these businesses in the manchester corn exchange, especially restaurants and retail, say they did feel an unseasonal consumer

below budget per the administrative ordinance retain 5 percent of the budget year plus one revenue from that medi-cal and the management reserve for uncertainty. >> so those um, the next slide has the variances from the third quarter financials and those go over the numbers i presented now the provisional highlights among the distinctions and happy to go into more details for zuckerberg had a net largely comprised of revenues about one hundred and 15 include $70 million of resulting from the fee services and prior year settlements from budget. thirty of that from medi-cal waiver and finally, a note here again returning from the expenditure side one $.7 million was savings. that is the one .6 targeted in the year preference that effecting came the new zero when we balanced out the fund to one $.7 million savings. um, going to the next laguna honda they ended the year with $41 million deficit largely by $46 million of the budget that was a result of our coincidence dropping during the resiefrgs that is an important point and expected in the third quarter. >> going to behavorial health. we

budget airlines account for _ problem. budget airlines account for around - problem.ines account for around a - problem. budget airlines| account for around a third problem. budget airlines . account for around a third of all airline seats globally today, and although asia has seen a robust rebound from the pandemic, low—cost carriers in the region are struggling with the region are struggling with the rise in prices. our reporter sat down with the chief executive ofjetstar asia, part owned by qantas, and asked how they are rising to the challenge.— the challenge. costs are definitely _ the challenge. costs are definitely an _ the challenge. costs are definitely an issue - the challenge. costs are definitely an issue for i the challenge. costs are definitely an issue for a | definitely an issue for a low—cost carrier. if you do the research back to 2005, and see what we were charging for a fare to manila, it was probably about $80. you could probably still get $110 on certain days now, but probably a 30% increase. the majority of other cost in the landscape, the ecosy

that will require more responsible budgeting. that is why it is so important that we avert a fiscal shutdown on december 20 and that we continue to be fiscally responsible as well as socially responsible with our veterans that put everything on the line so we can enjoy our democracy. we must address supplemental, the hurricanes helene and milton that devastated many parts of the country. we should have supplemental to ensure those sectors of those states are rebuilt and that people get on with their lives. so that is an additional piece of budgeting we should do as well as the farm bill. we have the opportunity before the end of the year to pass the farm bill so that we have not only agricultural policy in place but food security measures in place to ensure that everybody is not hungry across america. host: brenda, democrat. caller: as so many thoughts and it will be hard with them swirling around to get them on. to the democrats and to you mr. representative, stop the hand wringing. the thing that republicans do is insist that t

how many farms will be affected by the changes to inheritance tax in the budget?wer than 500 a year. but there have been reports that the environment department, defra, thinks the number might be higher than the treasury�*s figure and has been pushing for more mitigations to protect farmers. so what�*s the reality on these numbers and where do they come from? well, defra�*s farm business survey suggests between 30—35% of farms in the uk could be valued at over £1 million. there are about 209,000 farm holdings in the uk in total, so that implies around 70,000. but all of these would not be necessarily liable for inheritance tax. let�*s look at the official treasury figures for agricultural property tax relief in the 2021—22 tax year. so this gives us a sense of the value of farmland passed between generations in that year. and there were 1,730 claims in total, and only 27% were for properties valued at above £1 million. so that suggests a maximum of around 500 farms which would have been affected by the tax change, which is the origin of the treasury�*s figures. so

the budget.ing, a conversation with, rather than a newsy interrogation of someone about what shaped their political thinking, is the chancellor's number two. the man who has to make the sums add up. the chief secretary to the treasury, darrenjones. he's a man who's gone in the space of less than a year from being parliament's toughest inquisitor, as chair of the business select committee to one of the most significant roles in this new government. darrenjones, welcome to political thinking. hello. great to be here. we have to start with the biggest news, notjust of this week, but arguably of the year and years to come, the election of donald trump. did you stay up for the results? were you there with the popcorn and the pop tarts? no, no, i didn't actually. i mean, in previous elections i probably would have done. but i now have three children. the school run, it was the week after the budget and ijust thought, i'm going to go to bed and get a good night's sleep and see where we are in the mornin

when we look at the pressures on the nhs budget, this tax— pressures on the nhs budget, this tax changed — family farms are split up or sold we _ family farms are split up or sold. we will have tenanted farmers _ sold. we will have tenanted farmers because this labour government seems to think that all farmers own the land they farm — all farmers own the land they farm. they don't, there are many— farm. they don't, there are many tenanted farmers who will not he _ many tenanted farmers who will not be able to continue their livelihoods over many generations because these family— generations because these family farms are going to be sold — family farms are going to be sold off— family farms are going to be sold off by landowners because they have to pay their tax bills — they have to pay their tax bills somehow. it is the real—life consequences of this, 'ust real—life consequences of this, just as — real—life consequences of this, just as it— real—life consequences of this, just as it is— real—life consequences of this, just as it is the real—life consequences of their/ winter fuel— con

well, certainly the budget had _ there? well, certainly the budget had an _ there?ell, certainly the budget had an impact - there? well, certainly the budget had an impact on | budget had an impact on sentiment as people were, you know, uncertain in the run up to that, but surprisingly consumer sentiment has held up reasonably well if you look at the underlying number, that post the budget there is a big concern that those tax increases that came through will just increases that came through willjust push straight through to the real economy. the employers ni cost is a tax on worker, it will limitjob creation and that will have an impact on growth. it is interesting listening to andrew bailly, where he says he doesn't take a position on brexit but it is really hard to by fur kate the impact of brexit compared to other things, the economy has had to get through in the last few years, the lockdown has been the major part and i think if we look at the eu as a whole, you know, europe is one of the slowest growing sector countries in the world, regions in the world, if w

various factors, the budget - bit. so why the dip? various factors, the budget in - bit.dget in a - bit. so why the dip? various i factors, the budget in a word. leading up to the budget there was all that doom and gloom and businesses put investment on hold, hiring, expansion and the consumer spending dried up because of what might be in the budget. it was a bit doom and gloom really. the general pathway overall is still looking like i% growth this year and it is expected to accelerate in 2026. a lot of the budget was uploaded, a lot of spending in front and then it tells off at the end of the decade. ~ ~' ., it tells off at the end of the decade. ~ ~ ., ., . ., decade. we know the chancellor has ut decade. we know the chancellor has put the _ decade. we know the chancellor has put the emphasis _ decade. we know the chancellor has put the emphasis on - decade. we know the chancellor| has put the emphasis on growth, so this does not fit the headlines.— so this does not fit the headlines. ., ., , w headlines. not really. rachel reeves was— headlines. not really. rachel ree

there's a budget shortfall and they want to see the budget streamlined, including reducing the pay of oakland's top executives. >> we're calling for neighbors in leaders to rally around a sustainable budget road map. clear, actionable plan to avoid devastating cuts. >> the city council is set to receive an updated report on oakland's finances along with suggestions on how to balance the budget on tuesday morning. all right, back live. now that meeting will be held at 9.30 tomorrow and it is open to the public there at the oakland city hall. but for now in the east bay, charles clifford kron, 4 news. >> charles, thank you. will go to the north bay now and police arrested a man they say confessed to killing his mother and allegedly stabbing his wife. offirs rponded to this a stabbing saturday morning on serrano drive in vallejo. officers found a man and a woman wi stab wounds. both were in critical conditiobut e expected to survive after the suspect underwent surgery. police say he confessed to killing his moth. police did a welfare check on his mother and they say they found her dead.

that permanent law with the budget. that is what the budget reconciliation measure does. it is ostensibly meant to focus only on budget related items, not policy related items. but both parties have used budget reconciliation to do purely policy related stuff. host: richard in illinois, line for democrats. good morning. caller: i just had a basic question. due to the fact trump says he wants to put two czars up there for major cuts -- these are two billionaires -- where does the american people fit in, where if they disagree with what he is doing, that they can call and put in a complaint? because he is eliminating congress, too. i just want to know. that's my question, sir. guest: we have seen the executive office of the president and the executive staff grow significantly since its first real appearance with franklin delano roosevelt. presidents of both parties have used non-senate confirmed positions and people to get advice and carry their agenda to capitol hill and out into the press. i can reassure you, unless con

and so i think just for consideration as we go into this budget season and cycle and our budget realities to president alexander's comment, you know, so how are we going to address the need for acceleration while having constraints and being able to speak to that not only to the board, but to our school communities, to our families and our students. so i think that is kind of like the crux of what we're going to have to tackle moving forward. thank you, commissioner land, for that question. i think actually to what the principal said, it's trying to support our teachers to feel supported. and i think that our teachers are the best way for us to get to the result that we're trying to achieve. so as we think about a budget that we need to deliver that is balanced, it has to be done through the lens of student outcomes and if we are true about trying to deliver on student outcomes, that really means we're supporting our teachers to be able to do those things. i think the one thing that i also feel very firmly about is that principals and leaders at sfusd know what what students need and how