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Nov 16, 2022
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our economic sector to, faisal islam, — economy.omy. our economic sector to, faisal islam, thank you. _ economy. our economic sector to, faisal islam, thank you. -- - economy. our economic sector to, faisal islam, thank you. -- our. faisal islam, thank you. —— our economics editor. the government hopes tomorrow's autumn statement will add to the bank of england's efforts to reduce inflation. tax rises and big cuts to public spending are expected to be announced tomorrow. our social affairs correspondent michael buchanan looks at the impact of cuts to public spending in the last few years and how they might shape future decisions. previous spending cuts made poor communities poorer. between 2010 and 2020 the average household wealth in the south—east of england increased by 42%. here in the north—east, it rose just 3%. in horden in county durham, hundreds of crumbling houses sit empty, attracting criminals. this tap is a £29 tap. you'd get about 50p scrap off it, £1 scrap. but they'll nick the tap? but they'll take the tap, they'll t
our economic sector to, faisal islam, — economy.omy. our economic sector to, faisal islam, thank you. _ economy. our economic sector to, faisal islam, thank you. -- - economy. our economic sector to, faisal islam, thank you. -- our. faisal islam, thank you. —— our economics editor. the government hopes tomorrow's autumn statement will add to the bank of england's efforts to reduce inflation. tax rises and big cuts to public spending are expected to be announced tomorrow. our social...
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Nov 17, 2022
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faisal islam, problems coming out of china. faisal islam. thank— problems coming out of china.
faisal islam, problems coming out of china. faisal islam. thank— problems coming out of china.
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Nov 4, 2022
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faisal islam, bbc news. our economics editor faisal islam there. businesses in the uk when the chancellor makes his autumn budget statement on november 17th. it's likely to involve tax rises and spending cuts, as our political editor chris mason explains. when we count down to that budget in a few weeks' time, as faisal islam was mentioning, ministers are confronted by the reality of spending cuts and tax rises. they try and wrestle back economic credibility in the eyes of the financial markets. so for many people, that will feel like a bad situation getting worse. and then there is the question, the obvious question, who or what do people blame for that? now, rishi sunak will hope he might get some credit, if he manages to pull this off, in trying to steady the ship after his predecessor, liz truss, but plenty of conservative mps fret that they will still be seen as the guilty party, even though there are international factors contributing to our current situation, as well as domestic ones. , a, ,., craig erlam is senior market analyst at the curr
faisal islam, bbc news. our economics editor faisal islam there. businesses in the uk when the chancellor makes his autumn budget statement on november 17th. it's likely to involve tax rises and spending cuts, as our political editor chris mason explains. when we count down to that budget in a few weeks' time, as faisal islam was mentioning, ministers are confronted by the reality of spending cuts and tax rises. they try and wrestle back economic credibility in the eyes of the financial...
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Nov 3, 2022
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our economics editor, faisal islam, is here.the uk is facing the start of a very challenging few years for the economy and for all of our pockets. as you said, the interest rate today was raised to 3%, a significant three quarters of a percentage pointjump. you can see here it's the highest it's been since 2008 — a clear end to a long period of low interest rates. today's rise has had an immediate effect for those on tracker mortgages. a typical tracker will have gone up by more than £73 per month today. they've risen more than £280 since last december. inflation is now heading towards the peak, with it expected to fall next year, but remaining above the bank of england target of 2% for some time. the bank now predicts the country will be in the longest recession of the past century, not as deep as the financial crisis in 2008, but lasting until mid—2024. the bank of england is walking a tightrope, trying to grapple with high inflation whilst the economy continues to shrink. the end of a decade and a half of ultra low interest r
our economics editor, faisal islam, is here.the uk is facing the start of a very challenging few years for the economy and for all of our pockets. as you said, the interest rate today was raised to 3%, a significant three quarters of a percentage pointjump. you can see here it's the highest it's been since 2008 — a clear end to a long period of low interest rates. today's rise has had an immediate effect for those on tracker mortgages. a typical tracker will have gone up by more than £73 per...
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Nov 25, 2022
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in his analysis, faisal islam provided context on the economic consequences of this, including what thisn that same programme, though — the news at six on thursday of last week — another graphic showed the cost of the decisions made in the autumn statement. some of you noticed that those numbers actually refer to billions of pounds, not millions, as faisal islam made clear in his script — and that was corrected on the news at ten. but there were also objections to the irregular intervals shown in the left—hand axis of the graph. steve fifield's response... "each vertical interval is five. wait, ten. hang on, no — —15?" david taylor also spotted a problem. "they corrected millions to billions. the scale is still a mess, though." and john roberts summed up like this. "a few data fails here from the bbc. all in all, it's pretty shoddy, isn't it?" now, with fake news on the rise over issues such as covid and the validity of the last american presidential election, it's a sign of the times that the bbc now has a disinformation correspondent — marianna spring. last month she presented an editi
in his analysis, faisal islam provided context on the economic consequences of this, including what thisn that same programme, though — the news at six on thursday of last week — another graphic showed the cost of the decisions made in the autumn statement. some of you noticed that those numbers actually refer to billions of pounds, not millions, as faisal islam made clear in his script — and that was corrected on the news at ten. but there were also objections to the irregular intervals...
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Nov 17, 2022
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faisal islam, problems coming out of china. faisal islam. thank— problems coming out of china.al islam, thank you. _ time for a look at the weather. here's sarah keith—lucas. some big shower clouds around but made for some spectacular pictures out there, and more rain to come over the next 2a hours. not everywhere, but the met office have issued an amber warning for any rain —— heavy rain across parts of eastern scotland, particularly aberdeenshire, angus, and kinross, during much of friday —— perth and kinross. not too much across parts of southern england into wales, but look at those green and white colours across the east of scotland, thatis colours across the east of scotland, that is where we could see 100, possibly even 150 millimetres of rain over the higher ground, so enough to cause more flooding problems, although the rain will tend to easily through the day, the rivers will continue to run high. so we have this area of low pressure pushing slowly northwards, the winds rotating around that area of low pressure. that will dry in the quite persistent rain for parts of
faisal islam, problems coming out of china. faisal islam. thank— problems coming out of china.al islam, thank you. _ time for a look at the weather. here's sarah keith—lucas. some big shower clouds around but made for some spectacular pictures out there, and more rain to come over the next 2a hours. not everywhere, but the met office have issued an amber warning for any rain —— heavy rain across parts of eastern scotland, particularly aberdeenshire, angus, and kinross, during much of...
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Nov 18, 2022
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faisal islam, bbc news, swindon. the introduction of a cap on the amount people have to pay for their social care in england. 0ur social affairs editor alison holt is here with the details. thank you, jane. the government is trying to juggle finding money for a care system that has record staff vacancies and faces a crisis right now. against long promised reforms to help families in england who can face huge costs, for instance, providing care for someone with dementia over many years. last year the government set out plans to introduce an £86,000 cap or limit to the care costs a person could face over their lifetime. at the moment, only those with savings or assets of less than £23,250 are eligible for council care, the reforms would also have increased that threshold to £100,000 allowing people to keep more of their money. but those plans, due to be introduced next 0ctober, are now on the backburner for at least two years, and that has a human cost. paula connor is living with the twin problems facing the care syst
faisal islam, bbc news, swindon. the introduction of a cap on the amount people have to pay for their social care in england. 0ur social affairs editor alison holt is here with the details. thank you, jane. the government is trying to juggle finding money for a care system that has record staff vacancies and faces a crisis right now. against long promised reforms to help families in england who can face huge costs, for instance, providing care for someone with dementia over many years. last...
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Nov 11, 2022
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faisal islam, bbc news.elance doctors, nurses and other health workers to fill staffing gaps — a sum equivalent to the pay for 50,000 full—time nurses. an investigation by the bbc found that spending to plug holes in staff rotas is increasing dramatically across the uk. 0ur health editor hugh pym reports. i'm a junior doctor, and i earned more in four months as a locum doctor than i did in a whole year of working as a full—time hospital doctor. i'm an agency nurse, and daily i'm receiving text messages asking me to go in for shifts, showing how short they are of staff. i'm a consultant oncologist, - and i was shocked about the amount of work i could get as a locum and the pay i would receive. l three health professionals, highlighting a serious staffing and spending problem. with vacancies growing, the nhs needs more agency workers. the decision to leave the nhs was because i wasn't able to earn enough money. agency nurses will always be needed, but it's the dynamics within a ward shifts right now. in a&e, y
faisal islam, bbc news.elance doctors, nurses and other health workers to fill staffing gaps — a sum equivalent to the pay for 50,000 full—time nurses. an investigation by the bbc found that spending to plug holes in staff rotas is increasing dramatically across the uk. 0ur health editor hugh pym reports. i'm a junior doctor, and i earned more in four months as a locum doctor than i did in a whole year of working as a full—time hospital doctor. i'm an agency nurse, and daily i'm receiving...
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Nov 11, 2022
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faisal islam, bbc news.biden joins the cop27 summit, pledging to re—establish the us as a reliable global leader on tackling climate change. the bombastic establishment outsider, donald trump, has defied the pollsters to take the keys to the oval office. i feel great about the election results. i voted for him because i genuinely believe he cares about the country. it's keeping the candidate's name always in the public eye that counts. success or failure depends not only on public display, but on the local campaign headquarters and the heavy routine work of their women volunteers. berliners from both east and west linked hands and danced - around their liberated territory. and, with nobody to stop them, it wasn't long before the first i attempts were made to destroy the structure itself. _ yasser arafat, who dominated the palestinian cause for so long, has died. palestinian authority has declared a state of mourning. after 17 years of discussion, the result was greeted women ministers, who have long felt onl
faisal islam, bbc news.biden joins the cop27 summit, pledging to re—establish the us as a reliable global leader on tackling climate change. the bombastic establishment outsider, donald trump, has defied the pollsters to take the keys to the oval office. i feel great about the election results. i voted for him because i genuinely believe he cares about the country. it's keeping the candidate's name always in the public eye that counts. success or failure depends not only on public display,...
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Nov 3, 2022
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navteonhal, bbc news, derby. 0ur economics editor faisal islam joins us from the bank of england.how much higher could rates go? it is exactly the question, and i think the bank of england is aware of the presentational problem of not just raising rates today by the highest amount we have seen in more than three decades, but doing so at the exact same time that they are saying we face a recession that could last two years. why are they doing those things at the same time? the answer ijust got doing those things at the same time? the answer i just got from doing those things at the same time? the answer ijust got from the bank of england governor andrew bailey was yes, he thinks that in order to hit inflation, which is still running at double digits, 11% it is heading towards, if they don't deal with that now it will get worse and rates would have to go even higher. having said that, having made that off message, they also wanted to give a slightly more optimistic message onjust how give a slightly more optimistic message on just how high rates give a slightly more optimistic messa
navteonhal, bbc news, derby. 0ur economics editor faisal islam joins us from the bank of england.how much higher could rates go? it is exactly the question, and i think the bank of england is aware of the presentational problem of not just raising rates today by the highest amount we have seen in more than three decades, but doing so at the exact same time that they are saying we face a recession that could last two years. why are they doing those things at the same time? the answer ijust got...
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Nov 11, 2022
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faisal islam, bbc news.o come: turned away by italy and docking in france, the boat that has caused dispute between paris and rome. the bombastic outside the donald trump has defied the posters to take the keys to the oval office. i trump has defied the posters to take the keys to the oval office.— the keys to the oval office. i voted for him because _ the keys to the oval office. i voted for him because i _ the keys to the oval office. i voted for him because i genuinely - the keys to the oval office. i voted | for him because i genuinely believe he cares about the country. it is he cares about the country. it is keein: he cares about the country. it is keeping a _ he cares about the country. it is keeping a candidate's name always in the public— keeping a candidate's name always in the public eye. success or failure depends— the public eye. success or failure depends not only on public display but on _ depends not only on public display but on the — depends not only on public display but on the local campa
faisal islam, bbc news.o come: turned away by italy and docking in france, the boat that has caused dispute between paris and rome. the bombastic outside the donald trump has defied the posters to take the keys to the oval office. i trump has defied the posters to take the keys to the oval office.— the keys to the oval office. i voted for him because _ the keys to the oval office. i voted for him because i _ the keys to the oval office. i voted for him because i genuinely - the keys to the...
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Nov 3, 2022
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faisal islam, bbc news.will be welcomed by people with savings, but the rise will hit businesses and people with mortgages, credit card debt and bank loans. it will also affect people who rent properties. our midlands correspondent navtej johal reports from derby. this man loves living in his house in derby with his girlfriend, but soon, he will have to leave. as interest rates rise, his rent is going up by more than £100 a month, which they can't afford. we've decided the best thing to do is for both of us to kind of go to our parents' house. i'm going to my mum's house, she is going to her mum's house and it's quite a step back in our relationship. i think the word i would use is embarrassing. for myself, i felt embarrassed. the mature student and freelance videographer was recently in rent arrears for the first time. he says he never expected to be struggling financially. i literally broke down and cried, man, because i was wondering how i'm going to manage everything, you know? everything put together, t
faisal islam, bbc news.will be welcomed by people with savings, but the rise will hit businesses and people with mortgages, credit card debt and bank loans. it will also affect people who rent properties. our midlands correspondent navtej johal reports from derby. this man loves living in his house in derby with his girlfriend, but soon, he will have to leave. as interest rates rise, his rent is going up by more than £100 a month, which they can't afford. we've decided the best thing to do is...
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Nov 19, 2022
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later in the studio, the bbc�*s economics editor, faisal islam, ran through some of them.e today's borrowing numbers in yellow. the key thing is that they're large and they stay high. now, back in march, the official forecasts for government borrowing were much lower, in blue. the obr is forecasting that those tax rises and more significantly, the uk inflation rate, now at its highest rate in 41 years, will also drive those historic falls in real household disposable income. robin petherbridge was watching that and had this response. well, bbc news said they would give us a response to those questions and we'll bring you that next week. the statement was, of course, long—awaited, and there had been plenty of previewing and speculation about what it might contain in the media over the past few weeks. as part of the build—up, last weekend's sunday with laura kuenssberg included an interview withjeremy hunt. will government departments get extra money now this year
later in the studio, the bbc�*s economics editor, faisal islam, ran through some of them.e today's borrowing numbers in yellow. the key thing is that they're large and they stay high. now, back in march, the official forecasts for government borrowing were much lower, in blue. the obr is forecasting that those tax rises and more significantly, the uk inflation rate, now at its highest rate in 41 years, will also drive those historic falls in real household disposable income. robin...
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Nov 26, 2022
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some of you noticed that those numbers actually refer to billions of pounds, not millions, as faisal islamclear in his script — and that was corrected on the news at ten. but there were also objections to the irregular intervals shown in the left—hand axis of the graph. steve fifield's response... david taylor also spotted a problem. and john roberts summed up like this. now, with fake news on the rise over issues such as covid and the validity of the last american presidential election, it's a sign of the times that the bbc now has a disinformation correspondent — marianna spring. last month she presented an edition of panorama which explored the conspiracy theory that terrorist attacks, such as the manchester arena bombing of 2017, never took place and were actually staged by a group of so—called crisis actors. tonight on panorama... emergency services are dealing with an incident near manchester victoria station. ..the people who deny these terrible events ever took place. i've been trying to find - evidence of a real explosion and evidence of a real bomb, and i haven't found any. - 27
some of you noticed that those numbers actually refer to billions of pounds, not millions, as faisal islamclear in his script — and that was corrected on the news at ten. but there were also objections to the irregular intervals shown in the left—hand axis of the graph. steve fifield's response... david taylor also spotted a problem. and john roberts summed up like this. now, with fake news on the rise over issues such as covid and the validity of the last american presidential election,...
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Nov 18, 2022
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our economics editor faisal islam reports.g women it, me and my husband both work full—time, and disposable income is l n 7 month by month, our shrinking month by month, our mortgage has gone up, costs have in terms of the pound in ockets most --eole will be their pockets most people will be worse off in coming years. this shows the impact by 2028 of benefits and changes and the difference, the policies before yesterday in blue and from the autumn statement in yellow, middle earners have been highest hit buy changes. those in the poorest households earning 30,000 a year stand to be a few pounds better off by 2028. hundred pounds better off by 2028. the with an the richest households with an income of £135,000 will be than worse off 7 ’ tam” fiwiorsieroffrback ” than worse off back those more than £2500 worse off back those in the middle earning between more than £2500 worse off back those in the m and earning between more than £2500 worse off back those in the m and 42,000, ietween more than £2500 worse off back those in the m
our economics editor faisal islam reports.g women it, me and my husband both work full—time, and disposable income is l n 7 month by month, our shrinking month by month, our mortgage has gone up, costs have in terms of the pound in ockets most --eole will be their pockets most people will be worse off in coming years. this shows the impact by 2028 of benefits and changes and the difference, the policies before yesterday in blue and from the autumn statement in yellow, middle earners have been...
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Nov 4, 2022
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there's more analysis of the day's main stories on newsnight with faisal islam, which isjust getting way on bbc two. the news continues here on bbc one, as now it's time to join our colleagues across the nations and regions for the news where you are. hello and welcome to our look ahead to what the the papers will be bringing us tomorrow. with me are the author and journalist, yasmin alibhai—brown, and the political reporter from the times, geri scott. tomorrow's front pages. the times leads on the prime minister warning the government can't fix everyone�*s problems as he tries to regain public trust with the economy by being honest. alongside a photo of rishi sunak laughing with the king at a cop27 reception earlier today, the daily telegraph has as its lead pensions being targeted in a stealth tax raid. the is front page leads on the recent cyberattack which wiped out nhs systems, leaving patients�* records in �*chaos�*. the daily mail leads on an update to the story of the disappearance of lord lucan, suspected of murdering his nanny almost 50 years ago, as police now reveal clued
there's more analysis of the day's main stories on newsnight with faisal islam, which isjust getting way on bbc two. the news continues here on bbc one, as now it's time to join our colleagues across the nations and regions for the news where you are. hello and welcome to our look ahead to what the the papers will be bringing us tomorrow. with me are the author and journalist, yasmin alibhai—brown, and the political reporter from the times, geri scott. tomorrow's front pages. the times leads...
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Nov 17, 2022
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ministerjeremy hunt is expected to unveil new plans to raise taxes and cut spending. 0ur economics editor, faisal islamf the nattering is about the rising price of everything, and especially energy. trying not to put the tumble dryer on so much, although with this weather... yes, yes. how will people afford food and energy? i don't know. they'll find a way. they did in the war. buying things is guesswork. so, going shopping, you can't say, "i'm going to spend thisi amount and shop for the week." it's quite hard to budget just cos the prices have gone up so much. yeah. for maureen, doreen, and friends, the intricate and delicate trade—offs of double—digit inflation, also faced by the chancellor and the bank of england. pension rates are likely to go up in line with double—digit inflation rates, but the extent of the squeeze from energy and food prices clear from demand for subsidised food and meals at this local community hub. in another month or two, when heating bills... when people switch their heating on, they're just going to have... there's nothing left to cushion the increases. i've never in my t
ministerjeremy hunt is expected to unveil new plans to raise taxes and cut spending. 0ur economics editor, faisal islamf the nattering is about the rising price of everything, and especially energy. trying not to put the tumble dryer on so much, although with this weather... yes, yes. how will people afford food and energy? i don't know. they'll find a way. they did in the war. buying things is guesswork. so, going shopping, you can't say, "i'm going to spend thisi amount and shop for the...
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Nov 14, 2022
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to do that while trying to grow the economy at the same time isn't easy. 0ur economics editor, faisal islam is a very unusual chancellor's statement — a type of rescue budget after a massive energy shock. this is how big — in 2019, the uk as a whole — that's households, companies and government — spent about £40 billion on its energy bill. this year it's up fourfold, so £190 billion. that increase is basically like having to fund another nhs. that cost can't be shouldered by households and it's the government'sjob is to share the pain around — pain the prime minister acknowledges has also been made worse by his predecessor. 0n the steps of downing street i said that mistakes had been made. a part of the reason that i became prime minister was to address them and what we've seen now is that stability has returned to the united kingdom, but that's because the expectation is that the government will make those difficult but necessary decisions. and those difficult decisions are likely to include significant spending cuts. take infrastructure investment — some, things like buildings, roads and
to do that while trying to grow the economy at the same time isn't easy. 0ur economics editor, faisal islam is a very unusual chancellor's statement — a type of rescue budget after a massive energy shock. this is how big — in 2019, the uk as a whole — that's households, companies and government — spent about £40 billion on its energy bill. this year it's up fourfold, so £190 billion. that increase is basically like having to fund another nhs. that cost can't be shouldered by...
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Nov 17, 2022
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as our economics editor faisal islam explains. price rescue, the energy price guarantee which was due to end in april will survive in a form for all households, i think, beyond april now, but at a different level. so a slightly less generous level which is consistent with energy bills going up from £2,500 for a typical household now, to £3,000 for a typical household in april. so difficult but it would have been worse had the support not gone on. it would have been more like £4,000. so a lot more support. how do they pay for this? the big question. some expectations in industry now, a significant increase in the windfall tax on energy companies as well. what will be the impact on the uk economy and will it be enough to secure the confidence of financial markets, which were so rattled by the tax—cutting plans of the previous prime minister and chancellor? let's hearfrom sarah hewin, head of research for europe and americas at standard chartered bank. so here we are at last, this autumn statement will be delivered in the mid—morning
as our economics editor faisal islam explains. price rescue, the energy price guarantee which was due to end in april will survive in a form for all households, i think, beyond april now, but at a different level. so a slightly less generous level which is consistent with energy bills going up from £2,500 for a typical household now, to £3,000 for a typical household in april. so difficult but it would have been worse had the support not gone on. it would have been more like £4,000. so a lot...
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Nov 17, 2022
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here's our economics editor, faisal islam.ndemic, an extraordinary mini budget reversal, multiple changes of pm and chancellor — it's quite the backdrop to a very unusual statement and the big picture is that this was effectively two budgets in one. and over a five year period. you can see this clearly from totting up the cost of all the measures today. the pain — the major tax rises and spending cuts — actually occur in the last four bars here, that's the years after the general election. that is designed to impress upon markets that the chancellor is serious about cutting borrowing after the mini budget turmoil. but before the election, over here, there is in fact a bit of a giveaway actually. especially if you include the energy support built. £70 billion of support built. £70 billion of support put in by the government before that election take away afterwards and why? because the chancellor is very worried about not worsening a recession over here. it's a budget which gives £100 billion away over the next two years to hel
here's our economics editor, faisal islam.ndemic, an extraordinary mini budget reversal, multiple changes of pm and chancellor — it's quite the backdrop to a very unusual statement and the big picture is that this was effectively two budgets in one. and over a five year period. you can see this clearly from totting up the cost of all the measures today. the pain — the major tax rises and spending cuts — actually occur in the last four bars here, that's the years after the general...
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Nov 13, 2022
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0ur economics editor faisal islam is here. what do we know? the chancellor's _ what do we know? the big picture from the chancellor's words - what do we know? the big picture from the chancellor's words today| what do we know? the big picture i from the chancellor's words today as tax rises for all, but a more targeted, potentially much more targeted, potentially much more targeted, form of energy support. that is what we are going to get on thursday. you mentioned those thresholds, ordinarily they go up inflation, so they are adjusted in line with inflation. when they are kept frozen, in cash terms, that means much more of people's salaries in the tax system and in higher rates of tax, so a greater proportion goes to the exchequer. that raises lots of money, without being a formal rise in the tax rate. the flip side is that you will get many millions more paying higher rate tax, perhaps 7 million in total. it was 2,000,019 97. i think the bigger picture in terms of the strategy, though, is the government seesit strategy, though, is the govern
0ur economics editor faisal islam is here. what do we know? the chancellor's _ what do we know? the big picture from the chancellor's words - what do we know? the big picture from the chancellor's words today| what do we know? the big picture i from the chancellor's words today as tax rises for all, but a more targeted, potentially much more targeted, potentially much more targeted, form of energy support. that is what we are going to get on thursday. you mentioned those thresholds, ordinarily...
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Nov 11, 2022
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andy verity, bbc news. 0ur economics editor faisal islam joins me.sion? , ., , ~ , we appear to be inching closer to a recession? , ~ , ., recession? yes, as andy said and as ou said recession? yes, as andy said and as you said at — recession? yes, as andy said and as you said at the _ recession? yes, as andy said and as you said at the start, _ recession? yes, as andy said and as you said at the start, one _ recession? yes, as andy said and as you said at the start, one quarter. you said at the start, one quarter over the summerfrom july over the summer from july to september where the economy fell. actually, it was expected it would fall further than zero 20%, if you are a glass half full, you might think it is better than expected. it is the news going on from that right now, over the next year. the expectation from the bank of england and others that will see continuing quarters of economic contraction. the economy getting smaller and smaller. that is what would signal that we are now in a recession and that we are now in a recession and thatis t
andy verity, bbc news. 0ur economics editor faisal islam joins me.sion? , ., , ~ , we appear to be inching closer to a recession? , ~ , ., recession? yes, as andy said and as ou said recession? yes, as andy said and as you said at — recession? yes, as andy said and as you said at the _ recession? yes, as andy said and as you said at the start, _ recession? yes, as andy said and as you said at the start, one _ recession? yes, as andy said and as you said at the start, one quarter. you said at...
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Nov 14, 2022
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our economics editor faisal islam is here.this is a very unusual budget — a type of rescue budget after a massive energy shock. this is how big — in 2019, the uk as a whole — that's households, companies and government — spent about £40 billion on its energy bill. this year, it's up fourfold, so £190 billion — that increase is basically like having to fund another nhs. that cost can't be shouldered by households and it's the government's job is to share the pain around — pain the prime minister acknowledges has also been made worse by his predecessor. on the steps of downing street, i said that mistakes had been made and part of the reason that i became prime minister was to address them and what we've seen now is that stability has returned to the united kingdom. but that's because the expectation is that the government will make those difficult but necessary decisions. and those difficult decisions are likely to include significant spending cuts. take infrastructure investment — some, things like buildings, roads and railway
our economics editor faisal islam is here.this is a very unusual budget — a type of rescue budget after a massive energy shock. this is how big — in 2019, the uk as a whole — that's households, companies and government — spent about £40 billion on its energy bill. this year, it's up fourfold, so £190 billion — that increase is basically like having to fund another nhs. that cost can't be shouldered by households and it's the government's job is to share the pain around — pain the...
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Nov 18, 2022
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our economics editor faisal islam reports the day after an extraordinary day.n this squeezed swindon. v ,.., , apparent to all in this squeezed swindon. �*, ., , ~ apparent to all in this squeezed swindon. �*, h, ., , ~ ., swindon. it's scary, really. me and my husband _ swindon. it's scary, really. me and my husband both _ swindon. it's scary, really. me and my husband both work _ swindon. it's scary, really. me and my husband both work full - swindon. it's scary, really. me and my husband both work full time i swindon. it's scary, really. me and. my husband both work full time and our disposable income is shrinking month by month, marches of gone up and food bills, energy bills. in terms of the pounds in their pockets, this shows how the impact by 2028 of tax and benefit policy changes since a year ago differs and policies before yesterday, and the autumn statement in yellow, middle to high earners were the hardest hit by changes to tax and benefits. the poorest households and 30,000 a year and a few hundred pounds better off by 2028. the richest households w
our economics editor faisal islam reports the day after an extraordinary day.n this squeezed swindon. v ,.., , apparent to all in this squeezed swindon. �*, ., , ~ apparent to all in this squeezed swindon. �*, h, ., , ~ ., swindon. it's scary, really. me and my husband _ swindon. it's scary, really. me and my husband both _ swindon. it's scary, really. me and my husband both work _ swindon. it's scary, really. me and my husband both work full - swindon. it's scary, really. me and my husband...
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Nov 18, 2022
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later in the studio, the bbc�*s economics editor, faisal islam, ran through some of them.ere much lower, in blue. the obr is forecasting that those tax rises and more significantly, the uk inflation rate, now at its highest rate in 41 years, will also drive those historic falls in real household disposable income. robin petherbridge was watching that and had this response. "you first showed a graph of uk borrowing measured in percent, well, bbc news said they would give us a response to those questions and we'll bring you that next week. the statement was, of course, long—awaited, and there had been plenty of previewing and speculation about what it might contain in the media over the past few weeks. as pa rt of the build—up, last weekend's sunday with laura kuenssberg included an interview with jeremy hunt. will government departments get extra money now this year to deal with the costs of inflation? or are you going to, as everyone expects,
later in the studio, the bbc�*s economics editor, faisal islam, ran through some of them.ere much lower, in blue. the obr is forecasting that those tax rises and more significantly, the uk inflation rate, now at its highest rate in 41 years, will also drive those historic falls in real household disposable income. robin petherbridge was watching that and had this response. "you first showed a graph of uk borrowing measured in percent, well, bbc news said they would give us a response to...
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Nov 3, 2022
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faisal islam, bbc news.ent off at the end of an ariana grande concert. his family said he "could and should have survived." kim harrison is head of public inquiries at the lawyers, slater and gordon, who represent 11 of the bereaved families. she spoke to journalists after the report was published. today's report confirms everything we feared about the catastrophic failings of the emergency services on the night of the manchester aren bombing. so many failures happened on that night, it is impossible to list them all here. this damning report sets out in meticulous detail how the emergency service response lacked preparedness, planning, coordination, communication, resources and equipment. almost everything that could go wrong did go wrong. it is totally unacceptable that members of the public were left seriously injured and dying in this way for what must have seemed like an eternity. it is clear that the so—called "golden hour" after the attack was utterly squandered by the catastrophic response of the eme
faisal islam, bbc news.ent off at the end of an ariana grande concert. his family said he "could and should have survived." kim harrison is head of public inquiries at the lawyers, slater and gordon, who represent 11 of the bereaved families. she spoke to journalists after the report was published. today's report confirms everything we feared about the catastrophic failings of the emergency services on the night of the manchester aren bombing. so many failures happened on that night,...
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Nov 11, 2022
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faisal islam, bbc news. let's speak to alix stewart, uk fund managerfor asset manager, schroders.off first with albion recession? what is your assessment?— first with albion recession? what is your assessment? technically, we are not, ou your assessment? technically, we are not. you need — your assessment? technically, we are not. you need two _ your assessment? technically, we are not, you need two quarters _ your assessment? technically, we are not, you need two quarters of- not, you need two quarters of negative growth, but we have just seen one. if we believe the bank of england's forecast last week, they suggest we go into recession now and stay there for the whole of next year. stay there for the whole of next ear. ~ ~' . , stay there for the whole of next ear. ~ ~ . , . , year. we think it will really last until 2023? _ year. we think it will really last until2023? yes, _ year. we think it will really last until2023? yes, |_ year. we think it will really last until 2023? yes, i think - year. we think it will really last until2023? yes, i think it- year. we think it will rea
faisal islam, bbc news. let's speak to alix stewart, uk fund managerfor asset manager, schroders.off first with albion recession? what is your assessment?— first with albion recession? what is your assessment? technically, we are not, ou your assessment? technically, we are not. you need — your assessment? technically, we are not. you need two _ your assessment? technically, we are not, you need two quarters _ your assessment? technically, we are not, you need two quarters of- not, you need...
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Nov 18, 2022
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speaking to our economics editor faisal islam he also reitterated his criticism of the conservative governmenten huge damage to our economy, notjust in the last 12 weeks but in the last 12 years. and we will come into government and will have to face the challenge and therefore, we will not quarrel with the 0b are. challenge and therefore, we will not quarrel with the ob are.— quarrel with the ob are. trying to net the quarrel with the ob are. trying to get the debt _ quarrel with the ob are. trying to get the debt down. _ quarrel with the ob are. trying to get the debt down. we _ quarrel with the ob are. trying to get the debt down. we set - quarrel with the ob are. trying to get the debt down. we set out i quarrel with the ob are. trying to| get the debt down. we set out the fiscal rules — get the debt down. we set out the fiscal rules making _ get the debt down. we set out the fiscal rules making it _ get the debt down. we set out the fiscal rules making it clear- get the debt down. we set out the fiscal rules making it clear that - get the debt down. we set out the fiscal rules making it c
speaking to our economics editor faisal islam he also reitterated his criticism of the conservative governmenten huge damage to our economy, notjust in the last 12 weeks but in the last 12 years. and we will come into government and will have to face the challenge and therefore, we will not quarrel with the 0b are. challenge and therefore, we will not quarrel with the ob are.— quarrel with the ob are. trying to net the quarrel with the ob are. trying to get the debt _ quarrel with the ob are....
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Nov 17, 2022
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deputy political editor vicky young, economics editor faisal islam and business editor simonjack.
deputy political editor vicky young, economics editor faisal islam and business editor simonjack.
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Nov 14, 2022
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our economics editor faisal islam explains some of the key issues facing the government.t of max job to share the pain around. pain the prime minister acknowledges has also been made worse by his predecessor. on the steps of downing street i said mistakes had been made and part of the reason i became prime minister was to address them and what we have seen now that stability has returned to the united kingdom, but that is because the expectation is that the government will make those difficult but necessary decisions. those difficult but necessary decisions-— those difficult but necessary decisions. . , . decisions. and those difficult decisions. and those difficult decisions are _ decisions. and those difficult decisions are likely _ decisions. and those difficult decisions are likely to - decisions. and those difficult| decisions are likely to include significant spending cuts, take infrastructure investment, things like buildings, roads, railways, said to be pushed back and potentially an easy way for the treasury to find savings, and if cut back to £50 billion rather
our economics editor faisal islam explains some of the key issues facing the government.t of max job to share the pain around. pain the prime minister acknowledges has also been made worse by his predecessor. on the steps of downing street i said mistakes had been made and part of the reason i became prime minister was to address them and what we have seen now that stability has returned to the united kingdom, but that is because the expectation is that the government will make those difficult...
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Nov 17, 2022
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deputy political editor vicky young, economics editor faisal islam and business editor simonjack. reporter: who is responsible for this mess, mr hunt? - the chancellor will say that britain must "face into the storm," as he seeks to restore britain's tarnished economic reputation with a big package of tax rises and spending cuts. it all comes admist a cost—of—living crisis. i am very concerned because we are now entering the winter months when heating costs rise. i think the biggest worry at the moment is the heating cost, the fuel cost. we'll have the statement in full at 11:30am, full analysis. plus, we'll be hearing from both the government and labour. welcome to this special programme. a big moment for the chancellor, jeremy hunt. he big moment for the chancellor, jeremy hunt-— jeremy hunt. he left number11 downin: jeremy hunt. he left number11 downing street _ jeremy hunt. he left number11 downing street a _ jeremy hunt. he left number11 downing street a short - jeremy hunt. he left number11 downing street a short while i jeremy hunt. he left number“ i downing street a short
deputy political editor vicky young, economics editor faisal islam and business editor simonjack. reporter: who is responsible for this mess, mr hunt? - the chancellor will say that britain must "face into the storm," as he seeks to restore britain's tarnished economic reputation with a big package of tax rises and spending cuts. it all comes admist a cost—of—living crisis. i am very concerned because we are now entering the winter months when heating costs rise. i think the...
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Nov 17, 2022
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here's our economics editor, faisal islam.e changes in chancellors, the backdrop to an unusual statement. the big picture is of this was effectively two budgets in one and you see clearly from the pain, the tax rises and the spending cuts actually mainly occur in the last few bars here. the blue ones after the general election. that is designed to impress upon the markets of the chancellor is serious about cutting borrowing after the many budget term well. before the election over here, a bit of a giveaway and if you include the energy support built very clear, significance now, £70 billion before this election take away afterwards. white? because they are worried about not worsening the recession. and remember — this is all playing out against the backdrop of a cost of living crisis. today, the chancellor admitted that the uk is already in a recession. inflation — the rate at which prices rise — is at a 11.1%. that's a m—year high, fuelled by food and energy prices. essentially, the surging cost of living is squeezing househo
here's our economics editor, faisal islam.e changes in chancellors, the backdrop to an unusual statement. the big picture is of this was effectively two budgets in one and you see clearly from the pain, the tax rises and the spending cuts actually mainly occur in the last few bars here. the blue ones after the general election. that is designed to impress upon the markets of the chancellor is serious about cutting borrowing after the many budget term well. before the election over here, a bit...
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Nov 3, 2022
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. ~' , ., , . 0ur economics editor faisal islam joins us from the bank of england — this rate rise widelyes this bank of england decision, by seven votes to two, that the forecasts show the uk faces a recession, we have heard that before but not a rescission of this length, a two—year prolonged recession is the fair expressed in the bank of england's own forecast. that would be, if it came to pass, the longest recession on record. let's be clear, a lengthy period, not as deep as some of the recessions we have seen in the past ten or 20 years. but prolonged. a quarter to quarter, over two years, the economy continually falling. that is bad news, unemployment, as you were talking about, heading up to 6.5%, and those on fixed rate mortgages, we have heard a lot about them, 2 million people coming off them by the end of next year, the bank's calculations is that on average they hate in terms of increased mortgage costs will be £3000 per year for those coming off fixed—rate mortgages between roughly now and the end of next year. on top of that, it sounds like i'm layering on bad news, on top o
. ~' , ., , . 0ur economics editor faisal islam joins us from the bank of england — this rate rise widelyes this bank of england decision, by seven votes to two, that the forecasts show the uk faces a recession, we have heard that before but not a rescission of this length, a two—year prolonged recession is the fair expressed in the bank of england's own forecast. that would be, if it came to pass, the longest recession on record. let's be clear, a lengthy period, not as deep as some of the...
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Nov 17, 2022
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first, we can hearfrom our economics editor faisal islam. good morning, faisal.and they are trying — british economic history. and they are trying essentially to do a repair— are trying essentially to do a repairjob, notjust on that, on the mini _ repairjob, notjust on that, on the mini budget — repairjob, notjust on that, on the mini budget and the mistake that they acknowledge for that, but also on the _ they acknowledge for that, but also on the fact— they acknowledge for that, but also on the fact that we faced a massive energy— on the fact that we faced a massive energy shock. an energy shock which, in terms _ energy shock. an energy shock which, in terms of— energy shock. an energy shock which, in terms of the national bill for energy. — in terms of the national bill for energy, what we pay this year in terms of the national bill for energy. what we pay this year versus energy, what we pay this year versus 2019. _ energy, what we pay this year versus 2019. is— energy, what we pay this year versus 2019. is up— energy, what we pay this year versus 2019, is up
first, we can hearfrom our economics editor faisal islam. good morning, faisal.and they are trying — british economic history. and they are trying essentially to do a repair— are trying essentially to do a repairjob, notjust on that, on the mini _ repairjob, notjust on that, on the mini budget — repairjob, notjust on that, on the mini budget and the mistake that they acknowledge for that, but also on the _ they acknowledge for that, but also on the fact— they acknowledge for that, but...
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Nov 26, 2022
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some of you noticed that those numbers actually refer to billions of pounds, not millions, as faisal islamg radio 4 series — richard d hall — may be abhorrent to most people but he still has his supporters, with malcolm naylor emailing us this reaction: well, marianna spring has also been looking at disinformation in the united states, creating for newsnight and the podcast americast online profiles for five fictional american voters to find out what they're exposed to and recommended across social media. when donald trumpjr — the son of the former president — found out about this approach, he posted this response on twitter: well, marianna spring was undeterred, responding: well, marianna spring joins me now in the studio. thank you so much for coming on newswatch. what are we talking about when we're talking about disinformation in news? i think it's really important to think about how disinformation tends to be deliberate misleading of people, promoting conspiracy theories or falsehoods that can cause serious, real—world harm, and a lot of the focus that i have in this job is understand
some of you noticed that those numbers actually refer to billions of pounds, not millions, as faisal islamg radio 4 series — richard d hall — may be abhorrent to most people but he still has his supporters, with malcolm naylor emailing us this reaction: well, marianna spring has also been looking at disinformation in the united states, creating for newsnight and the podcast americast online profiles for five fictional american voters to find out what they're exposed to and recommended...
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Nov 19, 2022
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later in the studio, the bbc�*s economics editor faisal islam ran through some of them.on her sunday morning programme before the big budget announcement on thursday. this seems to be the same pattern as andrew marr did before in his programme on a sunday, that it always had the chancellor of the exchequer on their programme before any such announcement, which then gives the chancellor each time the cop—out to say, "oh, i can't give you any more details about the budget — "you have to wait until the announcement on thursday." so my — my issue, therefore, is why are you not inviting the chancellor the sunday after such an announcement, where he then could give further detail, further explanation to the budget details? well, we asked the sunday with laura kuenssberg team for a response to that point, and they told us: news desks went onto high alert on tuesday evening as reports came in of a development which looked potentially to be highly significant. tonight at 10:00, a russian missile — part of a big attack on ukraine — is said to have killed two people on a farm in po
later in the studio, the bbc�*s economics editor faisal islam ran through some of them.on her sunday morning programme before the big budget announcement on thursday. this seems to be the same pattern as andrew marr did before in his programme on a sunday, that it always had the chancellor of the exchequer on their programme before any such announcement, which then gives the chancellor each time the cop—out to say, "oh, i can't give you any more details about the budget — "you...