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Mar 20, 2024
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the prime minister has been talking to faisal islam. i remember l talking to faisal islam.ill being chancellor when he returned. 0f being chancellor when he returned. of course he never was chancellor having that on that flight. he has the same question of rishi sunak put up the same question of rishi sunak put up does he expect to be prime minister after the local elections, the very fact you are asking questions like that tells its own story, doesn't it? it questions like that tells its own story, doesn't it?— story, doesn't it? it does. they look at opinion _ story, doesn't it? it does. they look at opinion polls _ story, doesn't it? it does. they look at opinion polls labour- story, doesn't it? it does. they. look at opinion polls labour have been ahead for a very long time. there are lots of tory mps extremely nervous. some privately talk about the election being damaged, limitation is just a the election being damaged, limitation isjust a matter of the election being damaged, limitation is just a matter of keep the defeat down for a very long time. there are lots of t
the prime minister has been talking to faisal islam. i remember l talking to faisal islam.ill being chancellor when he returned. 0f being chancellor when he returned. of course he never was chancellor having that on that flight. he has the same question of rishi sunak put up the same question of rishi sunak put up does he expect to be prime minister after the local elections, the very fact you are asking questions like that tells its own story, doesn't it? it questions like that tells its own...
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Mar 6, 2024
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faisal islam has been taking a look.l budget save for one big policy shift and that is the 2p national insurance cut. it is significant. worth £11 billion a year in 2028/29. the chancellor's choice on finding the money for it divides up like this... some tax rises — notably extra tax for non—domiciled wealthy foreign residents, borrowed from the opposition. extending the energy levy — also an opposition policy, vaping and other tax rises. you can see them over there. then, essentially the gap is bridged by some extra borrowing. but let's look at how those tax changes are effecting salaries — it's different depending on what you earn. when considered together with january's previous 2% rise its worth £900 on average per year for workers — significant. but it refunds only about half of the giant income tax rise that has arisen from the unprecedented 6 year freeze on income tax thresholds. it is different depending on what you earn. the overall impact is a win if you are in the middle, but earn, say, £15,000 ora higher sala
faisal islam has been taking a look.l budget save for one big policy shift and that is the 2p national insurance cut. it is significant. worth £11 billion a year in 2028/29. the chancellor's choice on finding the money for it divides up like this... some tax rises — notably extra tax for non—domiciled wealthy foreign residents, borrowed from the opposition. extending the energy levy — also an opposition policy, vaping and other tax rises. you can see them over there. then, essentially...
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Mar 20, 2024
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faisal islam, bbc news.r political editor chris mason — will today's news help placate the prime minister's critics? straight from that meeting with faisal islam and that conversation we just heard, the faisal islam and that conversation wejust heard, the prime minister came down to parliament for a private meeting with his own backbenchers. i was loitering outside the room, the meeting broke up outside the room, the meeting broke up in the last few minutes on the banging on the desks and applause as the prime minister arrived, if he had arrived from pluto this morning you might imagine rishi sunak had just won a landslide election, not as the polls suggest on the wrong end of labour achieving just that. there are conservative mps who need persuading that rishi sunak is the right man to take them into the general election. the economic news definitely helps. he can make an argument that he is the author of an element of economic stability and steady improvement and there are conservative mps who openly regar
faisal islam, bbc news.r political editor chris mason — will today's news help placate the prime minister's critics? straight from that meeting with faisal islam and that conversation we just heard, the faisal islam and that conversation wejust heard, the prime minister came down to parliament for a private meeting with his own backbenchers. i was loitering outside the room, the meeting broke up outside the room, the meeting broke up in the last few minutes on the banging on the desks and...
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Mar 21, 2024
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he has been speaking to our economics editor, faisal islam. inflation has come down, as we expected, but we have still got some way to go, particularly with the most persistent bits of inflation. that is particularly the services, the total basket of —— at 6%, but we do not need to see it come down to a sustainable level come with this distant target, but we need to see further progress. i want to give this message very strongly that we have had very encouraging and good news and i think we can say we are on the way. but news and i think we can say we are on the way-— not on the way. but not quite yet? not cuite et on the way. but not quite yet? not quite yet because _ on the way. but not quite yet? not quite yet because we _ on the way. but not quite yet? not quite yet because we need - on the way. but not quite yet? not quite yet because we need to - on the way. but not quite yet? not quite yet because we need to see i quite yet because we need to see that it quite yet because we need to see thatitis quite yet because we need to see that it
he has been speaking to our economics editor, faisal islam. inflation has come down, as we expected, but we have still got some way to go, particularly with the most persistent bits of inflation. that is particularly the services, the total basket of —— at 6%, but we do not need to see it come down to a sustainable level come with this distant target, but we need to see further progress. i want to give this message very strongly that we have had very encouraging and good news and i think we...
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Mar 7, 2024
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faisal islam, bbc news.llenges that many councils are facing at the moment — pembrokeshire council in west wales is expected to increase council tax over the next two years by around 25 %. it would be the largest rise so far in the uk. our correspondent tomos morgan joins us now from haverfordwest in pembrokeshire. how much trouble is the council in? pembrokeshire county council is facing an unprecedented funding gap, around £32 million. for the first time, social care costs have exceeded education cuts in both of these areas are putting significant pressure on this council. today, councillors came here to originally vote through a proposal to increase council tax by i6%. but a last—minute amendment was brought forward by the deputy leader. he said by using 1.5 million of reserves, it would reduce the increase to 12.5% for next year. that is still an increase for a band d property of about £170 over the course of the year but this increase in the proposal also means the projected increase for next year would
faisal islam, bbc news.llenges that many councils are facing at the moment — pembrokeshire council in west wales is expected to increase council tax over the next two years by around 25 %. it would be the largest rise so far in the uk. our correspondent tomos morgan joins us now from haverfordwest in pembrokeshire. how much trouble is the council in? pembrokeshire county council is facing an unprecedented funding gap, around £32 million. for the first time, social care costs have exceeded...
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Mar 5, 2024
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joining me now is our political editor chris mason and our economics editor faisal islam.my needs lower _ from the chancellor? the economy needs lower taxes, _ from the chancellor? the economy needs lower taxes, a _ from the chancellor? the economy needs lower taxes, a bit _ from the chancellor? the economy needs lower taxes, a bit more - from the chancellor? the economy| needs lower taxes, a bit more than it needs more spending as we have seenin it needs more spending as we have seen in the report, at the lower taxes should come in the form of lower national insurance because that helps with the supply of hours worked which is a problem, the constraint in the economy, although we may get a longer term plan on taxes more generally, may be a down payment on the manifesto, but more generally, the biggest gamble is to call what we have a turning point in the economy, moment where we are still officially in a recession, albeit a mild recession, and at the same time when people feel at home and that the cost of living pressures, although they may be diminishing, they are very m
joining me now is our political editor chris mason and our economics editor faisal islam.my needs lower _ from the chancellor? the economy needs lower taxes, _ from the chancellor? the economy needs lower taxes, a _ from the chancellor? the economy needs lower taxes, a bit _ from the chancellor? the economy needs lower taxes, a bit more - from the chancellor? the economy| needs lower taxes, a bit more than it needs more spending as we have seenin it needs more spending as we have seen in the...
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Mar 20, 2024
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thank you | very much, chris mason and faisal islam.ch are both "personal and political." speaking in dublin, he said that being taoiseach had been the most fulfilling time of his life, with ireland becoming a more equal and modern place. here's our ireland correspondent sara girvin. just days ago, marking st patrick's day in washington, there was no sign of the shock resignation to come. my reasons for stepping down are both personal and political. i believe this government can be re—elected. but after careful consideration and some soul searching, i believe that a new taoiseach and a new leader will be better placed than me to achieve that. his appointment as taoiseach for the first time in 2017 was history making. at 38, he was the youngest ever irish prime minister, the first from an ethnic background and the first gay leader. his appointment personified a changing and more modern ireland. he championed referendums legalising same sex marriage and abortion. but it was the brexit negotiations that saw him make his mark on the world s
thank you | very much, chris mason and faisal islam.ch are both "personal and political." speaking in dublin, he said that being taoiseach had been the most fulfilling time of his life, with ireland becoming a more equal and modern place. here's our ireland correspondent sara girvin. just days ago, marking st patrick's day in washington, there was no sign of the shock resignation to come. my reasons for stepping down are both personal and political. i believe this government can be...
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Mar 21, 2024
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well, chris is here with faisal islam, our economics editor.nt pay up? that's what people want to go —— want to know. in an act that is the big question and the short answer tonight, as far as things stand, no. they have been presented with the opportunity as have labour they might be forthcoming with some sort of compensation, and you heard that verbiage they are from both main parties, desperate to avoid answering the question. why? it would come at astronomical cost. if a particular government decides to try to rectify, as it may see it, a legacy issue going back a generation or more, the cost could be really significant, and we have seen the politics of this playing out. the labour party going into the general election in 2019 said it would offer compensation to these women and then they were crushed in a general election. they are now much more cautious, as is the government. what we saw today from the ombudsman was a unique decision from them to say we are giving this to parliament because of the response, ie nonresponse, really, they hav
well, chris is here with faisal islam, our economics editor.nt pay up? that's what people want to go —— want to know. in an act that is the big question and the short answer tonight, as far as things stand, no. they have been presented with the opportunity as have labour they might be forthcoming with some sort of compensation, and you heard that verbiage they are from both main parties, desperate to avoid answering the question. why? it would come at astronomical cost. if a particular...
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Mar 8, 2024
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we'll get the latest from our experts chris mason and faisal islam.hoped to discuss how bbc news reported on the lead—up to the budget with a senior executive, but we were told no one was available. instead, they gave us this statement... we arejoined, though, by one of the viewers who got in touch with us on this subject, bob skipworth. bob, thank you for coming on newswatch. why did you get in touch? precisely because the news bulletin began with something that wasn't news, it was just speculation. and this was, what, the day before the budget — days before the budget? the 6pm news, the day before the budget. so, would you rather the bbc not discuss the budget at all before it happened? certainly not, no, i think it could have been an item later on in the bulletin simply saying something like, "well, "we all know tomorrow is the budget, and there's been a lot "of speculation as to what may or may not be in the budget, "such as tax cuts or cuts to national insurance. "but we'll have to wait and see what happens tomorrow, "then we'll analyse it furthe
we'll get the latest from our experts chris mason and faisal islam.hoped to discuss how bbc news reported on the lead—up to the budget with a senior executive, but we were told no one was available. instead, they gave us this statement... we arejoined, though, by one of the viewers who got in touch with us on this subject, bob skipworth. bob, thank you for coming on newswatch. why did you get in touch? precisely because the news bulletin began with something that wasn't news, it was just...
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Mar 3, 2024
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what faisal islam calls jeremy hunt's origin story.and by simply being jeremy hunt in a pair of trousers, calmed the financial market before he'd ever done anything. so we were reminded jested by faisal islam thatjeremy hunt has to borrow gordon brown's prudent statement, because that was how it all began for him. yeah, absolutely. and look, most chancellors most of the time are saying that they're being prudent people. in fact, even if they're spending money and giving money away, they're probably saying they're doing it prudently, which again, is what he was doing. kwasi kwarteng has told us that he was just wrong. kwasi kwarteng is the one exception who, even after they'd done the car crash mini budget on friday afternoon in september, back in 2022, then went out and the markets had already started responding negatively on that friday afternoon, then went out, in fact was on your show... on the sunday when the markets were closed, but the tv studios were not told them there was more cuts to come. and in a surprise move, the markets
what faisal islam calls jeremy hunt's origin story.and by simply being jeremy hunt in a pair of trousers, calmed the financial market before he'd ever done anything. so we were reminded jested by faisal islam thatjeremy hunt has to borrow gordon brown's prudent statement, because that was how it all began for him. yeah, absolutely. and look, most chancellors most of the time are saying that they're being prudent people. in fact, even if they're spending money and giving money away, they're...
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Mar 21, 2024
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our economics editor faisal islam has more.ay of spring is often a turning point of renewal, but at this farm shop near crewe, the rebirth of the economy, as inflation falls to more normal levels, isn't yet hitting home. the energy bill should be coming down by now. not what i've seen. they keep putting these charge for electricity and gas up but it doesn't feel like it, and because casting about for the day, and eating and drinking seems to be going up as well. sometimes i don't pay for my wi-fi. — sometimes i don't pay for my wi-fi. so _ sometimes i don't pay for my wi—fi, so we have to go without _ wi-fi, so we have to go without-— wi-fi, so we have to go without. , , ., without. everything is going u - , without. everything is going up. everything- _ without. everything is going up, everything. and - without. everything is going up, everything. and you - without. everything is going l up, everything. and you don't feel like that _ up, everything. and you don't feel like that is _ up, everything. and you don't feel like that
our economics editor faisal islam has more.ay of spring is often a turning point of renewal, but at this farm shop near crewe, the rebirth of the economy, as inflation falls to more normal levels, isn't yet hitting home. the energy bill should be coming down by now. not what i've seen. they keep putting these charge for electricity and gas up but it doesn't feel like it, and because casting about for the day, and eating and drinking seems to be going up as well. sometimes i don't pay for my...
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Mar 21, 2024
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for loans such as mortgages, as well as the interest they pay on savings. 0ur economics editor, faisal islamf england when the interest rate decision was announced and gave us his analysis. the rates decided by a vote of 8 to 1. i think what's quite interesting is that there were two votes for rises last month, in february. they've now gone, and so there's just one person voting for a cut, eight to hold. that's why they've held. so what you get overall, if you look across the whole committee, is an incremental move towards a cut. and we have had some new language from the governor of the bank of england, andrew bailey, just come in. and this is what he said: "in recent weeks, we've seen further encouraging signs. inflation's coming down. we've held rates again at 5.25% because we need to be sure that inflation will fall back to our 2% target and stay there. we're not yet at the point where we can cut interest rates, but things are moving in the right direction." and so the impression you get is of a tanker turning around really rather slowly. they were going in one direction for pretty much
for loans such as mortgages, as well as the interest they pay on savings. 0ur economics editor, faisal islamf england when the interest rate decision was announced and gave us his analysis. the rates decided by a vote of 8 to 1. i think what's quite interesting is that there were two votes for rises last month, in february. they've now gone, and so there's just one person voting for a cut, eight to hold. that's why they've held. so what you get overall, if you look across the whole committee,...
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Mar 6, 2024
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with me in the studio now, the bbc�*s economics editor, faisal islam and political editor, chris masonetary to the treasury and her labour shadow. we'll hear from the snp and the liberal democrats, plus expert analysis and reaction from the financial markets. reporter: is this an - election-winning budget? is this really _ a turning point, chancellor? but could today be a repeat of last year's autumn statement? there isjeremy there is jeremy hunt there isjeremy hunt with his treasury team gathering in the traditional photo call, holding up the traditional red box, inside which is his budget, which he will unveil shortly in the house of commons. could today be a repeat of last year's autumn statement? i'm going to go further and cut the main rate of employee national insurance by two percentage points, from 12% to 10%. another 2p cut in national insurance is widely expected today — but could there be more? but with money tight — in the midst of a recession — those giveaways are likely to be paid for by spending cuts
with me in the studio now, the bbc�*s economics editor, faisal islam and political editor, chris masonetary to the treasury and her labour shadow. we'll hear from the snp and the liberal democrats, plus expert analysis and reaction from the financial markets. reporter: is this an - election-winning budget? is this really _ a turning point, chancellor? but could today be a repeat of last year's autumn statement? there isjeremy there is jeremy hunt there isjeremy hunt with his treasury team...
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Mar 19, 2024
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impossible trade—offs is how she put it when she was interviewed by the bbc�*s economic secular faisal islamffs are labour potentially talk about? you heard a little bit of a _ potentially talk about? you heard a little bit of a snippet _ potentially talk about? you heard a little bit of a snippet there of- potentially talk about? you heard a little bit of a snippet there of a - little bit of a snippet there of a speech that i don't think we'll get many repeat views, to be honest. it's not about mass appeal, but speaking to those in the room first and foremost. lots of members of financial institutions, the maize lecture a really important one in the calendar of london, and we've had previous great economic thinkers speaking at this lecture in years gone by, going back to former chancellors like norman lamont, nigel lawson, and gordon brown — just a couple years ago, though then chance earlier, now prime minister rishi sunak gave this lecture. so a real opportunity for rachel reeves to set out in great detail what her economic vision is. we've not heard a great deal in terms of new, fresh id
impossible trade—offs is how she put it when she was interviewed by the bbc�*s economic secular faisal islamffs are labour potentially talk about? you heard a little bit of a _ potentially talk about? you heard a little bit of a snippet _ potentially talk about? you heard a little bit of a snippet there of- potentially talk about? you heard a little bit of a snippet there of a - little bit of a snippet there of a speech that i don't think we'll get many repeat views, to be honest. it's not...
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Mar 21, 2024
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he's been speaking to our economics editor, faisal islam. inflation has come down.ed but we still have some way to go, particularly with what i call the more persistent bits of inflation, particularly the services element, that's about half the total basket of prices, that's still about 6%. we don't need to see it come all the way down to a sustainable level consistent with the target but we do need to see further progress. but i do want to give this message very strongly, we have had very encouraging and good news, so i think we can say we're on the way. but not quite yet? not quite yet, we've got to see more evidence that this is sustained and particularly sustained across the whole mix of things that form the inflation basket, but it is good news. so i think we can say we're on the way. but not quite yet in terms of. because so we've got to see more evidence that this is sustained and particularly sustained across the you across across the whole sort of in a sense, mix of things that form the inflation basket. and you said that we don't need to have it come all t
he's been speaking to our economics editor, faisal islam. inflation has come down.ed but we still have some way to go, particularly with what i call the more persistent bits of inflation, particularly the services element, that's about half the total basket of prices, that's still about 6%. we don't need to see it come all the way down to a sustainable level consistent with the target but we do need to see further progress. but i do want to give this message very strongly, we have had very...
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Mar 5, 2024
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our economics editor faisal islam has been going through the numbers.ed to use his big red box moment tomorrow to declare a definitive economic turning point after years of crisis and shocks. certainly the path and forecast for inflation looks like that. look at this. inflation is falling back from its energy shock highs towards the bank of england target. on the other hand it's a little tricky to talk about a turning point when you see here, the economyjust fell into recession at the end of last year — there it is, the two negative bars — a shallow recession, but one nonetheless. and, as the chancellor told us recently, the real turning point would come when the bank of england cuts interest rates after 15 months of rises. the bank is holding off for now. but those are the numbers across the whole economy — does this feel like a turning point in people 5 homes? one new lens on all this is looking at failed direct debits — a measure of people running out of cash in their bank accounts, of cash in their bank accounts. injanuary overall one in 90 direct d
our economics editor faisal islam has been going through the numbers.ed to use his big red box moment tomorrow to declare a definitive economic turning point after years of crisis and shocks. certainly the path and forecast for inflation looks like that. look at this. inflation is falling back from its energy shock highs towards the bank of england target. on the other hand it's a little tricky to talk about a turning point when you see here, the economyjust fell into recession at the end of...
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Mar 22, 2024
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bank's governor, andrew bailey, struck an optimistic tone when he spoke to our economics editor, faisal islamtill have some way to go, particularly with what i call the more persistent bits of inflation, particularly the services element, that's about half the total basket of prices, that's still about 6%. we don't need to see it come all the way down to a sustainable level consistent with the target but we do need to see further progress. but i do want to give this message very strongly, we have had very encouraging and good news, so i think we can say we're on the way. but not quite yet? not quite yet, we've got to see more evidence that this is sustained and particularly sustained across the whole mix of things that form the inflation basket, but it is good news. let's stay with that optimistic tone, because it's certainly being felt on financial markets — with another big day of gains on wall street. all 3 main share indices — the dowjones, snp 500 and nasdaq — closed at record highs for the second day in a row. on wednesday the us federal reserve signalled it's on track to cut interest r
bank's governor, andrew bailey, struck an optimistic tone when he spoke to our economics editor, faisal islamtill have some way to go, particularly with what i call the more persistent bits of inflation, particularly the services element, that's about half the total basket of prices, that's still about 6%. we don't need to see it come all the way down to a sustainable level consistent with the target but we do need to see further progress. but i do want to give this message very strongly, we...
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Mar 21, 2024
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he's been speaking with our economics editor, faisal islam.corner, after the shocks of the past few years, and we are in a new economic moment in 2024. it will prove to be the year that the economy bounces back. green shoots of recovery? that is notjust me saying that, if you talk to businesses like i do across the country, they are starting to see that and feel that. in what is happening in their shops or their restaurants or their companies. mr sunak has pledged to grow the economy, as he faces a general election in the months ahead. at the end of last year, the uk slipped into an economic recession, and inflation remains higher than the 2% target set by the bank of england. you're live with bbc news. schools in afghanistan opened for the new academic year on wednesday, making it the third year in a row with girls banned from joining secondary—level classes. on wednesday morning, uniformed boys carried black and white taliban flags, as they lined the entrance of kabul�*s amani school, where local officials arrived for the ceremonial start of
he's been speaking with our economics editor, faisal islam.corner, after the shocks of the past few years, and we are in a new economic moment in 2024. it will prove to be the year that the economy bounces back. green shoots of recovery? that is notjust me saying that, if you talk to businesses like i do across the country, they are starting to see that and feel that. in what is happening in their shops or their restaurants or their companies. mr sunak has pledged to grow the economy, as he...
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Mar 20, 2024
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rishi sunak speaking faisal islam. _ turning to rwanda, i will talk you into the pictures live in theng 271—288 to push their demand at the legislation must have "due regard for domestic and international law." it is the first in a series of votes. early this week, mps in the house of commons overturned ten changes previously made to the bill tiy changes previously made to the bill by the house of lords. so it continues to ping—pong between the lords and the commons, but more defeats again they are in the house of lords. it's not the only bad news for the government's immigration policy, as it would seem rishi sunak�*s plan to save taxpayer money by moving asylum seekers out of hotels is in shambles. the national audit office says the home office expects to spend 1.2 billion pounds on housing asylum seekers in large accommodation sites and latest estimates suggest that will cost 46 million pounds more than using hotels — and will house hundreds fewer migrants than planned. with me is our home editor mark easton. mark, just tell us more about those figures that certainly certainly have
rishi sunak speaking faisal islam. _ turning to rwanda, i will talk you into the pictures live in theng 271—288 to push their demand at the legislation must have "due regard for domestic and international law." it is the first in a series of votes. early this week, mps in the house of commons overturned ten changes previously made to the bill tiy changes previously made to the bill by the house of lords. so it continues to ping—pong between the lords and the commons, but more...
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Mar 5, 2024
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we'll get the latest from our experts chris mason and faisal islam.w review. the freak accident that left this 72—year—old woman unharmed but very famous. coming up on bbc news, england captain harry kane in champions league action is struggling club iron munich trail lacks 1—0 going into the second leg of the last 16. good evening and welcome to the bbc news at six. the chancellor will unveil his budget tomorrow — it could well be the last one before the general election. jeremy hunt will be putting the final touches to his speech tonight before delivering it in the commons at lunchtime. he's expected to announce a 2p cut to national insurance — and another freeze on fuel duty. but might he go even further with an election looming? 0ur political editor chris mason is in westminster. what exactly do we know about tomorrow's budget?— what exactly do we know about tomorrow's budget? let's look at the bi icture tomorrow's budget? let's look at the big picture and _ tomorrow's budget? let's look at the big picture and then _ tomorrow's budget? let's look
we'll get the latest from our experts chris mason and faisal islam.w review. the freak accident that left this 72—year—old woman unharmed but very famous. coming up on bbc news, england captain harry kane in champions league action is struggling club iron munich trail lacks 1—0 going into the second leg of the last 16. good evening and welcome to the bbc news at six. the chancellor will unveil his budget tomorrow — it could well be the last one before the general election. jeremy hunt...
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Mar 19, 2024
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you saw faisal islam in that interview with rachel reeves and he is here.sing in what she said? ,, , ., ,., ., she said? she is giving an important lecture to city _ she said? she is giving an important lecture to city financiers _ she said? she is giving an important lecture to city financiers and - lecture to city financiers and business people today and it was the length fiesta explanation we have had of what labour would do with the economy if it wins the next general election, if rachel reeves got the keys to number 11. it wasn't an alternative budget, it was more about the big picture strategy, about the big picture strategy, about of the of the economy, the bank of england, the treasury, the forecasters, that have been some attack under the liz truss administration but tweaking them so they become progrowth, pro—green growth, pro—investment. as you had a knack cudlipp, she will idea by the self—imposed restraints on borrowing exactly the same that the government adheres to on the national debt, which he says will make it very difficult to spend in or
you saw faisal islam in that interview with rachel reeves and he is here.sing in what she said? ,, , ., ,., ., she said? she is giving an important lecture to city _ she said? she is giving an important lecture to city financiers _ she said? she is giving an important lecture to city financiers and - lecture to city financiers and business people today and it was the length fiesta explanation we have had of what labour would do with the economy if it wins the next general election, if rachel...
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Mar 7, 2024
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our economics editor faisal islam reports. right.re rushing to claim they are the ones to lead the country out of recession and to a world where living standards are on the rise again. i genuinely believe that at the start of this year we have turned the corner. rishi sunak in a pub in a key election battleground seat in south yorkshire and the labour leader keir starmer making his economic pitch on a building site in london. huge problem. we're not building enough houses and therefore people can't- get on the housing ladder. but for both leaders, public spending ambitions and tax claims — a blunt reality check from the head of the institute for fiscal studies. where are those spending cuts going to come from? we don't know. what would the labour party do? we don't know. effectively, there is a conspiracy of silence between the two of them not to present us, the electorate, with the really tough choices they're really going to have to make after the election. those choices may come in public spending and tax. a new ifs analysis today
our economics editor faisal islam reports. right.re rushing to claim they are the ones to lead the country out of recession and to a world where living standards are on the rise again. i genuinely believe that at the start of this year we have turned the corner. rishi sunak in a pub in a key election battleground seat in south yorkshire and the labour leader keir starmer making his economic pitch on a building site in london. huge problem. we're not building enough houses and therefore people...
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Mar 20, 2024
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faisal islam, bbc news. the irish prime minister leo vardkar has resigned.ed announcemnet, mr varadkar described his period leading his country as "the most fulfilling time of his life". he will step down before the next general election in the republic of ireland. mr varadkar became ireland's youngest taoiseach in 2017 when he became leader of fine gael. lets listen to him announcing his resignation from the steps of government buildings a short while ago. i spoke to drjennifer kavanagh, a lecturer in constitutional law at the south east technological university. she talked me through the reaction to varadkar�*s resignation. even though he is only a5, he did say many years ago he wouldn't still be in politics at 50. so he's been very successful. he's been elected twice. so he's done better than the vast majority of leaders of senegal, even at such a young age. but i suppose he has now he is now in the office for the second time. we don't know when our general election is going to be. it should be sometime before march of next year. there is local and europe
faisal islam, bbc news. the irish prime minister leo vardkar has resigned.ed announcemnet, mr varadkar described his period leading his country as "the most fulfilling time of his life". he will step down before the next general election in the republic of ireland. mr varadkar became ireland's youngest taoiseach in 2017 when he became leader of fine gael. lets listen to him announcing his resignation from the steps of government buildings a short while ago. i spoke to drjennifer...
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Mar 21, 2024
03/24
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our economics editor faisal islam is here. interest rates could be cut sooner than expected. exoected-— than expected. it is important to reiterate that _ than expected. it is important to reiterate that today's _ than expected. it is important to reiterate that today's decision i than expected. it is important to i reiterate that today's decision was to keep the rates on hold, as you said at this 16 year high. but during the decision on that, the vote, it seems like the tanker was slowly turning towards rate cuts, bit by bit. but elsewhere in the interview, a clip of which we have just shown, it seems the bank of england governor was going further in suggesting that there would be an active discussion about rate cuts in may. he said inflation did not have to fall below the 2% target in order to fall below the 2% target in order to start rate cuts, which can only be really referring to may. he also suggested expectations in the financial markets, that there would be two or three rate cuts this year were not unreasonable but they were not necessarily his prediction. so you sta
our economics editor faisal islam is here. interest rates could be cut sooner than expected. exoected-— than expected. it is important to reiterate that _ than expected. it is important to reiterate that today's _ than expected. it is important to reiterate that today's decision i than expected. it is important to i reiterate that today's decision was to keep the rates on hold, as you said at this 16 year high. but during the decision on that, the vote, it seems like the tanker was slowly...
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Mar 19, 2024
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faisal islam is our economics editor. and he suppresses and what you have heard so far?is the longest _ heard so far? not really. this is the longest exposition - heard so far? not really. this is the longest exposition of- heard so far? not really. this is the longest exposition of the i the longest exposition of the economic agenda of the labour party. possibly— economic agenda of the labour party. possibly ih _ economic agenda of the labour party. possibly in government after the next general election, if polls are to he _ next general election, if polls are to be believed. but it is not a detailed _ to be believed. but it is not a detailed of policy, it is not an alternative budget statement. we have new — alternative budget statement. we have new announcements on some of the institutional structure in which economic— the institutional structure in which economic policy, increasing the importance of climate change objectives, of growth. at the bank of england, the treasury and the forecaster, the office for budget responsibility. that is about, the plumbing — respons
faisal islam is our economics editor. and he suppresses and what you have heard so far?is the longest _ heard so far? not really. this is the longest exposition - heard so far? not really. this is the longest exposition of- heard so far? not really. this is the longest exposition of the i the longest exposition of the economic agenda of the labour party. possibly— economic agenda of the labour party. possibly ih _ economic agenda of the labour party. possibly in government after the next...
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Mar 19, 2024
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she was speaking to our economics editor faisal islam whojoins me now.what the labour party would do with the economy if it got in office. an hour—long speech which will start in half an hour's time. it's not an alternative budget, though, and what you get is a high—level strategy where some of the institutions of the economy are tweaked a little to make them more progrowth, pro—climate change, and in the case of the planning machinery, a big bang are there to try and attract tens of billions of pounds of investment from the private sector. why? she argues, like the current government argues, there isn't enough money to spend from the public sector including on some of the priorities we have seen in councils in previous reports. so in councils in previous reports. so in general terms, this is an attempt to communicate, from her perspective to communicate, from her perspective to the public, trust me i'm an economist, but not so much policy detail on tax—and—spend. those are the areas where a lot of the election battle will be hard and that's maybe now be
she was speaking to our economics editor faisal islam whojoins me now.what the labour party would do with the economy if it got in office. an hour—long speech which will start in half an hour's time. it's not an alternative budget, though, and what you get is a high—level strategy where some of the institutions of the economy are tweaked a little to make them more progrowth, pro—climate change, and in the case of the planning machinery, a big bang are there to try and attract tens of...
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Mar 6, 2024
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faisal islam had that traffic. they're going up as well., saying they're really struggling and they want to change. hopefully they will take into account what the government have done. when we talk in terms of public spending, really important to talk about... we got records numbers of... our commitment has been very important. in terms of the energy price inflation that we have in the ukraine war, these were very testing time and the government recognise that and put in various funding for working people. ithink that and put in various funding for working people. i think our record of delivering billions of pounds of aid has showed this is a government that wants to make sure that we turn a corner, which we will, and that people can make the choices in their lives which they are best placed to make rather than the state. just as we stuck that _ make rather than the state. just as we stuck that interview... - make rather than the state. just as we stuck that interview... i - make rather than the state. just as we stuck that interview... i s
faisal islam had that traffic. they're going up as well., saying they're really struggling and they want to change. hopefully they will take into account what the government have done. when we talk in terms of public spending, really important to talk about... we got records numbers of... our commitment has been very important. in terms of the energy price inflation that we have in the ukraine war, these were very testing time and the government recognise that and put in various funding for...
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Mar 21, 2024
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mr bailey has been speaking to our economics editor faisal islam.as come down as expected but we've still got some way to go, particularly with the more persistent bits of inflation, that's particularly the services, half the total good of prices, that's still at 6%. we want to say to come down to a sustainable level, consistent with the target, but we need to see further progress. i want to give this message strongly, we've very encouraging news so i think we can say we are on the way. but encouraging news so i think we can say we are on the way.— encouraging news so i think we can say we are on the way. but not quite et? not say we are on the way. but not quite yet? not quite _ say we are on the way. but not quite yet? not quite yet — say we are on the way. but not quite yet? not quite yet because - say we are on the way. but not quite yet? not quite yet because we've . say we are on the way. but not quite | yet? not quite yet because we've got to see more — yet? not quite yet because we've got to see more evidence _ yet? not quite yet because we'
mr bailey has been speaking to our economics editor faisal islam.as come down as expected but we've still got some way to go, particularly with the more persistent bits of inflation, that's particularly the services, half the total good of prices, that's still at 6%. we want to say to come down to a sustainable level, consistent with the target, but we need to see further progress. i want to give this message strongly, we've very encouraging news so i think we can say we are on the way. but...
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Mar 6, 2024
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and of course we have political analysis from editor chris mason and economic analysis from faisal islamry of the day. we continue with another political grandee. from vince cable to lord lamont, who served as chancellor underjohn majorfrom lamont, who served as chancellor underjohn major from 1990 and 1993. i like to call you a grande? sure! —— am ——ami —— am i allowed to call you a grandee?. i asked —— am i allowed to call you a grandee?. iasked philip —— am i allowed to call you a grandee?. i asked philip hammond the same question so chancellor. if you were holding the red box today, would you have said pretty much the same thing? the would you have said pretty much the same thing?— same thing? the unusual thing was the concentration _ same thing? the unusual thing was the concentration on _ same thing? the unusual thing was the concentration on productivity i same thing? the unusual thing was the concentration on productivity inj the concentration on productivity in the concentration on productivity in the public sector. that is a bit of an innovation so i can guarantee i would have
and of course we have political analysis from editor chris mason and economic analysis from faisal islamry of the day. we continue with another political grandee. from vince cable to lord lamont, who served as chancellor underjohn majorfrom lamont, who served as chancellor underjohn major from 1990 and 1993. i like to call you a grande? sure! —— am ——ami —— am i allowed to call you a grandee?. i asked —— am i allowed to call you a grandee?. iasked philip —— am i allowed to...
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Mar 21, 2024
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chris mason and faisal islam will assess if the government has the money — or the desire — to pay up.ernment, accused of squashing the growth of rival products. and they've done it — wales beat finland 4—1 in their men's euro 2024 play—off semifinal in cardiff. 0n newsnight at 10.30, we'll go deeper behind the headlines the labour deputy leader speaks to us and we will be asking about whether she paid all the capital gains tax due on the sale of her home. good evening.
chris mason and faisal islam will assess if the government has the money — or the desire — to pay up.ernment, accused of squashing the growth of rival products. and they've done it — wales beat finland 4—1 in their men's euro 2024 play—off semifinal in cardiff. 0n newsnight at 10.30, we'll go deeper behind the headlines the labour deputy leader speaks to us and we will be asking about whether she paid all the capital gains tax due on the sale of her home. good evening.
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Mar 6, 2024
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indeed, chris, thank you, chris mason at westminster and l chris mason at westminster and faisal islamr a look at the weather. and sarah has more by the river tyne. today's budget might have left you with a bit more money in your pocket but some of the public services you rely on will face big spending cuts. so is it a vote winner? mr chancellor of the exchequer. cheering it was the last spring budget before the next election. tonight — we'll interrogate whyjeremy hunt made the announcements he did. and interrrogate one of his treasury ministers. overall, the tax burden is going up. correct? the tax burden is still too high, overall. absolutely. and it's going up? we'll also talk to labour's campaign chief. we'll talk live to representatives of business and public sector workers and our politics panel is here to help us decode it all and tell us when we might be going to the polls. today's was a budget that was as much about what comes next as about what comes now. there's another 2p cut in national insurance that will kick in soon but there's also the growing realisation that whoever
indeed, chris, thank you, chris mason at westminster and l chris mason at westminster and faisal islamr a look at the weather. and sarah has more by the river tyne. today's budget might have left you with a bit more money in your pocket but some of the public services you rely on will face big spending cuts. so is it a vote winner? mr chancellor of the exchequer. cheering it was the last spring budget before the next election. tonight — we'll interrogate whyjeremy hunt made the announcements...
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Mar 9, 2024
03/24
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we'll get the latest from our experts chris mason and faisal islam.budget, "such as tax cuts or cuts to national insurance. "but we'll have to wait and see what happens tomorrow, "then we'll analyse it further." yeah — so the chancellor, as you'll know, was on the laura kuenssberg programme the sunday before the budget. would you rather the bbc hadn't had him on? it's a common practice these days to have him on before the budget, but it would be far more useful to have him on after the budget, surely. do you think the bbc should be making that the condition? that they should say, "come on after, not before"? well, i think it's the easiest thing to do. much more informative, really, he can say what he wants. he was supposed to be in purdah — that was the old way of doing it, wasn't it? well, absolutely. nowjournalists, it's clear nowadays, are being briefed by government figures on what might be in it. i suppose there's a question about, isn't it fair ifjournalists then share that information with the public? i have to look at that with — take a big pi
we'll get the latest from our experts chris mason and faisal islam.budget, "such as tax cuts or cuts to national insurance. "but we'll have to wait and see what happens tomorrow, "then we'll analyse it further." yeah — so the chancellor, as you'll know, was on the laura kuenssberg programme the sunday before the budget. would you rather the bbc hadn't had him on? it's a common practice these days to have him on before the budget, but it would be far more useful to have him...
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Mar 5, 2024
03/24
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faisal bin farhan, the minister of foreign affairs of saudi arabia. after this , meeting with mr. hossein taha ibrahim, secretary general of the organization of islamic cooperation , and then an emergency meeting of the organization of islamic cooperation was held under the auspices of the islamic republic of iran. zionism and the need to stop crime the zionists, especially in the holy month of ramadan , among the suggestions presented by dr. amir abdollahian in this meeting , was the legal follow-up of south africa's complaint against the zionists in the hague court. in addition, the reconstruction of gaza after the cessation of war was also discussed. these issues and sanctions against the zionist regime were emphasized considering the high potential that islamic countries have. in addition to the statements, it was raised that serious and practical measures should be taken to stop the zionists' crimes and islamic countries are following the issue. do most the foreign ministers welcomed the proposals of the islamic republic of iran, and experts and media persons said that these proposals should be implemented and that the situation of more than hal
faisal bin farhan, the minister of foreign affairs of saudi arabia. after this , meeting with mr. hossein taha ibrahim, secretary general of the organization of islamic cooperation , and then an emergency meeting of the organization of islamic cooperation was held under the auspices of the islamic republic of iran. zionism and the need to stop crime the zionists, especially in the holy month of ramadan , among the suggestions presented by dr. amir abdollahian in this meeting , was the legal...
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Mar 5, 2024
03/24
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meeting with faisal bin farhan, the minister of foreign affairs of saudi arabia , then he had an important meeting with mr. hussein ta ibrahim, the secretary general of the organization of islamic cooperation. mr. dr. amir abdullahian gave a speech in this meeting and the proposals of the islamic republic of iran to deal with the zionist crime and the need to stop the zionist crime, especially in the month of mubarak. bringing up ramadan is one of the suggestions presented by dr. amir abdollahian in this meeting the legal complaint of south africa in the hague court was against the zionists. in addition to this, the reconstruction of gaza after the end of the war was raised. in addition to these issues, their other issues were sanctions against the zionist regime due to its high potential. it was emphasized that the islamic countries are in the general theme of the statements, it was brought up that serious and practical measures should be taken to stop the crime of the zionists and the islamic countries should follow the issue. they were welcomed by scholars and media people to implement these suggestions as soon as possible, the situation of more than half a million palestini
meeting with faisal bin farhan, the minister of foreign affairs of saudi arabia , then he had an important meeting with mr. hussein ta ibrahim, the secretary general of the organization of islamic cooperation. mr. dr. amir abdullahian gave a speech in this meeting and the proposals of the islamic republic of iran to deal with the zionist crime and the need to stop the zionist crime, especially in the month of mubarak. bringing up ramadan is one of the suggestions presented by dr. amir...