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well car owners and the elderly took a battering from the british chancellor george osborne today as you know it's the country's budget plans critics say the measures pushed the interests of corporations while making lives of ordinary people even tougher for more on this i'm now joined live by a lot of correspondence course with laura bobbly new measures mean then for the british economy. well i suppose the top line really of this budget is the cutting of the top rate of tax or the amount of tax that the country's top earners pay from fifty percent to forty five percent now this is something that the chancellor george osborne just twelve months ago said it wasn't the right economic climate to do this in and many people agreed with him and still agree with him today but the government now insists that this tax made the country less competitive and also it wasn't raising any money so they decided to scrap it of course his critics say that this is a tax cut for the richest people in our society which seems extraordinary in an economic climate where there are fifty businesses going bust
well car owners and the elderly took a battering from the british chancellor george osborne today as you know it's the country's budget plans critics say the measures pushed the interests of corporations while making lives of ordinary people even tougher for more on this i'm now joined live by a lot of correspondence course with laura bobbly new measures mean then for the british economy. well i suppose the top line really of this budget is the cutting of the top rate of tax or the amount of...
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in the threshold at which people start paying tax and cut the rate for the highest earners. >> george osborne has spent most of his time at the treasury talking about spending cuts, but this budget will be remembered for what he says about tax. most controversial of all is the 50% or 50-p tax from the nation's highest earners. it was first introduced by gordon brown's labor movement. but there's debate about whether it races anywhere near the kind of money you might think. >> it looks like a good way of getting the very richest to pay more in tax, but the problem is that it's not obvious that they will end up paying a great deal more, because as the tax rate gets that high they'll probably find legal ways of avoiding the tax. >> many conservatives have been arguing for queeks that it could boost the u.k. economy but some in the congress are squeamish about the idea, fearing that the government's critics could argue this budget is just a budget for the rich. even david cameron is thought to have his own reservations about this political gamble. >> the first is that it underlines the torry part
in the threshold at which people start paying tax and cut the rate for the highest earners. >> george osborne has spent most of his time at the treasury talking about spending cuts, but this budget will be remembered for what he says about tax. most controversial of all is the 50% or 50-p tax from the nation's highest earners. it was first introduced by gordon brown's labor movement. but there's debate about whether it races anywhere near the kind of money you might think. >> it...
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Mar 15, 2012
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tonight, george osborne, cynthia nixon, lynne meadow, when we continue. captioning sponsored by rose communications from our studios in new york city, this is charlie rose. >> rose: george osborne is here. he is president's chancellor of the exchequer, accompanying david cameron on his visit to the united states. president obama and david cameron devoted the press conference to iran and the economy was the focus. >> the united states and great britain with two ditch economies in two different positions. their banking sector was much larger than ourselves. their capacity to sustain debt was different than ours. and so as a consequence, each of us are going to be taking different strategies. >> it would be wrong to think britain is just taking measures to reduce its deficit. we're also taking a series of measures to help promote growth. just before coming here we took a series of steps to unblock and get moving our housing market. we cut corporation tax in our country to show it's a great destination for investment. we're investing in apprenticeships. a ser
tonight, george osborne, cynthia nixon, lynne meadow, when we continue. captioning sponsored by rose communications from our studios in new york city, this is charlie rose. >> rose: george osborne is here. he is president's chancellor of the exchequer, accompanying david cameron on his visit to the united states. president obama and david cameron devoted the press conference to iran and the economy was the focus. >> the united states and great britain with two ditch economies in two...
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the party that once followed lloyd george now reduced to following george osborne. the party that delivered the people's budget of 1909 supporting the millionaires budget of 2012. they should be ashamed for all the talk, all the briefing, the deputy prime minister has done what he has done on every big issue. from tuition fees to the betrayal on the nhs. he has rolled over and said "yes, prime minister." the truth is that for ordinary families, it's hurting, but it's not working, and we know why. because this government has been cutting too far and too fast. what did the chancellor say? what did the chancellor say? last, last august about america's more balanced reduction plan. he said this. those who spend the whole of the last year telling us to follow the american example need to answer this simple question. why has the u.s. economy grown more slowly than the uk? mr. deputy speaker, the numbers are in. the chancellor is plain wrong. the u.s. economy grew at 1.7% last year, twice the rate of ours. this government has run out of excuses. it's their mistakes which a
the party that once followed lloyd george now reduced to following george osborne. the party that delivered the people's budget of 1909 supporting the millionaires budget of 2012. they should be ashamed for all the talk, all the briefing, the deputy prime minister has done what he has done on every big issue. from tuition fees to the betrayal on the nhs. he has rolled over and said "yes, prime minister." the truth is that for ordinary families, it's hurting, but it's not working, and...
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from london, this is about an hour and 15 minutes. >> the honorable george osborne. >> mr. deputy speaker, this budget rewards work. britain is going to earn its way in the world. there is no other road to recovery. this budget supports working families and helps those looking for work. it unashamedly backs business and it is on the the sign of aspiration. those who want to do better for themselves and for their families. this budget reaffirms our unwavering commitment to deal with britain's record debt. but because we've already taken difficult decisions, this can also be a reforming budget that seeks to repair the disastrous model of economic growth that created those debts. a model that saw manufactures almost half the share of the national economy while the national debt doubled. mr. deputy speaker, this is how britain will earn its way in the world, with far-reaching tax reform. with a simpler tax system where ordinary taxpayers understand what they're being asked to pay. with a tax system that is more competitive for business than any other major economy in the world.
from london, this is about an hour and 15 minutes. >> the honorable george osborne. >> mr. deputy speaker, this budget rewards work. britain is going to earn its way in the world. there is no other road to recovery. this budget supports working families and helps those looking for work. it unashamedly backs business and it is on the the sign of aspiration. those who want to do better for themselves and for their families. this budget reaffirms our unwavering commitment to deal with...
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live there are suffering financial repression they're suffering horrible economic calamity and george osborne in a moment thinks you're in king is ben bernanke is equivalent to the bank of england and he likes to sit back he doesn't have a flatulence problem he's got a gastrointestinal problem that's his contribution to monetary policy around the world and he blabs a few things or some so i can but he's basically in the financial repression game he's interest rates artificially low so that grannies you know the new george osborne budget it takes more money five billion pounds more from retirees and pensioners and puts it into the pockets of kleptocrats in the city that's on top of the forty five billion pounds that almost boring cameron engineer for theft from pensioners and grannies into the part of the speculators who if you're a park leader h.s.b.c. or the old lehman brothers over doing is going and shove it up their nose that's all they do a friday or saturday i go to the people in the see plenty of bankers all their back making snorting cocaine well let's look at these facts here because
live there are suffering financial repression they're suffering horrible economic calamity and george osborne in a moment thinks you're in king is ben bernanke is equivalent to the bank of england and he likes to sit back he doesn't have a flatulence problem he's got a gastrointestinal problem that's his contribution to monetary policy around the world and he blabs a few things or some so i can but he's basically in the financial repression game he's interest rates artificially low so that...
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financial pressure game keep interest rates artificially low so that grannies you know the new george osborne budget it takes more money five billion pounds more from retirees and pensioners and puts it into the pockets of clip the krauts in the city that's on top of the forty five billion pounds that almost born in cameron engineer the theft from pensioners and grannies into the pockets of speculators who if you're a barclays h.s.b.c. or the old lehman brothers all they're doing is buying cocaine and shoving it up their nose that's all they do a friday or saturday night go to some people in the sea plenty bankers other back make good snorting cocaine well let's look at these facts here because the fact is here you have a pilot the economy of the financial sector in the united kingdom and they've blacked out the key that. tells them that there is widespread fraud and money laundering and toxic derivatives that have destroyed their economy so because of that he doesn't see it in fact the solution offered is the figures could reignite expectations the bank of england may need to add additional
financial pressure game keep interest rates artificially low so that grannies you know the new george osborne budget it takes more money five billion pounds more from retirees and pensioners and puts it into the pockets of clip the krauts in the city that's on top of the forty five billion pounds that almost born in cameron engineer the theft from pensioners and grannies into the pockets of speculators who if you're a barclays h.s.b.c. or the old lehman brothers all they're doing is buying...
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also coming up in the program -- the british finance minister, george osborne, is expected to offer tax cuts for millions in his budget as he tries to boost the economy. and just keep taking the tablets as long as it's aspirin, new evidence that a daily dose cuts cancer death. >> hello. thanks for being with us. police in the southern french city of toulouse are trying to negotiate with a 24-year-old man wanted in connection with a spate of shootings which have left seven people dead. two officers were themselves shot and wounded as they launched a raid on the house he's staying in. the frenchman of algerian origin has reportedly admitted killing three children and a rabbi outside a jewish school in the city, and the previous killings of three soldiers. he was previously known to the police and was under surveillance for links to islamic extremists. this is the scene for you now live just a few hundred meters from the house itself. the man's brother has also been arrested. france's enter minister said that the man had previously been arrested on a trip to kandahar in afghanistan as well
also coming up in the program -- the british finance minister, george osborne, is expected to offer tax cuts for millions in his budget as he tries to boost the economy. and just keep taking the tablets as long as it's aspirin, new evidence that a daily dose cuts cancer death. >> hello. thanks for being with us. police in the southern french city of toulouse are trying to negotiate with a 24-year-old man wanted in connection with a spate of shootings which have left seven people dead. two...
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i sat down with george osborn at the british embassy in washington, d.c. chancellor osborn, thanks for doing this again. >> my pleasure. it's good to be back. >> you have to present a budget next yeweek. there are many people not just in the labor party who say you need to cut back on the austerity, so to speak, that the british program of cutting government spending has resulted in very weak economic growth. do you think you need to and will you relax some of the spending cuts that you have p up in place? >> well, normally budget's a secret, but it won't be any secret if i say to you no, we're for the going to do that. we are going to stick with the deficit reduction plan that i set out almost two years ago. britain had an 11% budget deficit two years ago. the plan we've put in place is bringing that deficit down and borrowing is coming down. but even with that, we still have one of the highest budget deficits in the world. we've got to keep up the pace in order to provide the stability the british economy needs and the low interest rates the british econo
i sat down with george osborn at the british embassy in washington, d.c. chancellor osborn, thanks for doing this again. >> my pleasure. it's good to be back. >> you have to present a budget next yeweek. there are many people not just in the labor party who say you need to cut back on the austerity, so to speak, that the british program of cutting government spending has resulted in very weak economic growth. do you think you need to and will you relax some of the spending cuts that...
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still ahead on the program, as the british chancellor, the finance minister george osborne gets ared to present his budget and the country awaits another round of austerity, what outlook is there for growth? that's next here on cnn. [ female announcer ] want to spend less and retire with more? then don't get nickle and dimed by high cost investments and annoying account fees. at e-trade, our free easy-to-use online tools and experienced retirement specialists can help you build a personalized plan. and with our no annual fee iras and a wide range of low cost investments, you can execute the plan you want at a low cost. so meet with us, or go to etrade.com for a great retirement plan with low cost investments. ♪ >>> welcome back. you're watching "world business today" live on cnn. >>> the chancellor, george osborne will deliver his budget in just over three hours from now. austerity is expected to be pretty high up on the list of chancellor's agenda. this as he strives to hold on to britain's prized aaa credit rating. phipps threaten the uk with a downgrade just last week. britain was
still ahead on the program, as the british chancellor, the finance minister george osborne gets ared to present his budget and the country awaits another round of austerity, what outlook is there for growth? that's next here on cnn. [ female announcer ] want to spend less and retire with more? then don't get nickle and dimed by high cost investments and annoying account fees. at e-trade, our free easy-to-use online tools and experienced retirement specialists can help you build a personalized...
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george osborn has made it very clear where the u.k. stance. it believes that what this means is the tax would damage vital national interests. it also says brussels has no right to impose taxes on member states. it's estimated that more than 70% of the tax will be paid by firms in the u.k. you could argue he has a point. many other countries in the eurozone ahead with this, especially france. >> china, a bit of a battle going on over resources. >> this is all about rare earth s. these are 17 special minerals escalated from the ground. they are used in fluorescent lamps and bones of an electric cars. the issue here is the united states, japan, and the eu are bringing a trade case against china. they say china is now controlling and restricting the amount of rare earth materials it's allowing out of the country and therefore damaging eu, japan, and u.s. economies. more on that and a few minutes. >> thank you very much for that. the >> one of rupert murdoch's most trusted british aid has been arrested. rebecca brooks, the former chief executive o
george osborn has made it very clear where the u.k. stance. it believes that what this means is the tax would damage vital national interests. it also says brussels has no right to impose taxes on member states. it's estimated that more than 70% of the tax will be paid by firms in the u.k. you could argue he has a point. many other countries in the eurozone ahead with this, especially france. >> china, a bit of a battle going on over resources. >> this is all about rare earth s....
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after the half-hour question period the chancellor george osborne will present the british government's annual budget. >> mr. mark menses. question number one, mr. speaker. thank you mr. speaker. this morning, i had meetings with ministerial colleagues and others and in addition to my duties in this house i shall have further such meetings later today. >> thank you mr. speaker, small business concerns, does the prime minister agree with me that example should be set from the very top and that those who throw the pitfall match and sets a very bad example indeed. my old friend duds make an important point, we do have a problem of a culture. the problem can sometimes go to the very top. the leader of the opposition was present to be addressing a health rally, call the sicky and three hours later it was a helpful match. and i think the question is, as well as knowing the miracle cure, i think there is an important question which was what was it that first attracted him to the multimillionaire owner of the football club. >> mr. speaker. following the prime minister's recent trip to washingto
after the half-hour question period the chancellor george osborne will present the british government's annual budget. >> mr. mark menses. question number one, mr. speaker. thank you mr. speaker. this morning, i had meetings with ministerial colleagues and others and in addition to my duties in this house i shall have further such meetings later today. >> thank you mr. speaker, small business concerns, does the prime minister agree with me that example should be set from the very...
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. >> some news in the united kingdom now and prime minister has held talks with chancellor george osborne and also his liberal democrat coalition partners to sink an agreement on next week's budget. it's been suggest the mr. osborne is arguing for a cut in the top tax rate in order to try to promote enterprise. brody clark, former head of the u.k. border force, reached an out-of-court settlement with the home office. mr. clark brought a case for destructive dismissal after he stepped down last november over claims he relaxed immigration checks beyond what had been authorized by ministers. eight men have been charged in connection with the death of a man stabbed in a nightclub in the early hours of christmas day. 31 jerald john lee barrett died from a stab wound in his back while he was at a party in the club. nateage foerster, 22 and from manchester, has been charged with murder. seven other men faced charges with violent disorder. they're due to appear before magistrates later today. the man accused of killing 16 civilian sbsing transferred to a military base in the united states. the in
. >> some news in the united kingdom now and prime minister has held talks with chancellor george osborne and also his liberal democrat coalition partners to sink an agreement on next week's budget. it's been suggest the mr. osborne is arguing for a cut in the top tax rate in order to try to promote enterprise. brody clark, former head of the u.k. border force, reached an out-of-court settlement with the home office. mr. clark brought a case for destructive dismissal after he stepped down...
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finance chief george osborne cut the fifty pence top tax rate in his annual budget russian markets they've lost this call from the morning when strong crude supported investor sentiment they've now closed lower for the third day in a row check on some stocks if we can most blue chips raised earlier gains rosen of last point six percent this was strong crude prices also retreated on reports the tax burden reportedly increased twenty two billion dollars over the next five years . under pressure with the fishing over half a percent down and the exchange rates the euro is just a low against the dollar the ruble finished the trading day mixed against the main currencies it lost a bit to the greenback but gained against the euro and for this hour i'll be back in fifty minutes time the headlines are next. fewer chances but full of life. limited time. more optimistic. the theater where the ingenious opened their hearts to the rest of us. what are the real limits. on our chief. the it is a. it's. zits . just submit. smug.
finance chief george osborne cut the fifty pence top tax rate in his annual budget russian markets they've lost this call from the morning when strong crude supported investor sentiment they've now closed lower for the third day in a row check on some stocks if we can most blue chips raised earlier gains rosen of last point six percent this was strong crude prices also retreated on reports the tax burden reportedly increased twenty two billion dollars over the next five years . under pressure...
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finance chief george osborne cut the fifty percent tax rate in his annual budget to russia more because they've lost their sparkle from the morning when strong crude supported investor sentiment they've now closed lower for the third day in a row let's check some stocks most blue chips they raised earlier games rosneft last point six percent this was strong crude prices from also retreated to report his tax burden reportedly increased twenty two billion dollars over the next five years and banking stocks also under pressure was vitti be finishing overhaul four percent down on the exchange rates the euro's just a notch lower against the dollar the ruble finished the trading day mixed against the main currencies at last of its of the greenback big game against the euro and that's all for this hour i'll be back in fifteen minutes time there's more stories on our web site business headlines next a nazi. with the end of the core war and the going away of the soviet union many people thought that nuclear weapons disappeared. the risk is not zero that something might be an oil finest explosion
finance chief george osborne cut the fifty percent tax rate in his annual budget to russia more because they've lost their sparkle from the morning when strong crude supported investor sentiment they've now closed lower for the third day in a row let's check some stocks most blue chips they raised earlier games rosneft last point six percent this was strong crude prices from also retreated to report his tax burden reportedly increased twenty two billion dollars over the next five years and...
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budget chief george osborne delivers his and your speech designed to stop a double dip recession their russian markets have lost this call from the morning when strong crude supported investor sentiment little of the news on the ground though to justify the market's rising market movers now oil majors including heading higher stronger crude prices recovered from earlier losses caused by reports text twenty two billion dollars over the next five years the next president putin plans to boost pensions and salaries for state employees banking stocks are looking for direction with p.t.p. just a notch down exchange rates next fall change for the dollar in the last hour now off against both ruble and the euro the euro still down against the brueghel this hour though in other news general electric says its sales will triple to russia when the u.s. . trade restrictions the president of the firm's russian unit says the jackson valley commitment to look for the us from a rapidly growing market. right now the u.s. exports to rush to about four percent vs east asia twenty nine percent and your opin
budget chief george osborne delivers his and your speech designed to stop a double dip recession their russian markets have lost this call from the morning when strong crude supported investor sentiment little of the news on the ground though to justify the market's rising market movers now oil majors including heading higher stronger crude prices recovered from earlier losses caused by reports text twenty two billion dollars over the next five years the next president putin plans to boost...
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known as the chancellor of the exchequer george osborne. now we know a paul ryan wants to do he wants to kick it where to go period he wants to kick fourteen million disabled elderly and impoverished americans off medicaid cut off their health insurance for millions tens of millions of americans and get rid of medicare as we know it and handed over to the for profit health insurance industry leaches all of that to suck thirty three trillion dollars out of the hands of working people and hand it off to the top one percent in the form of a massive three percent thirty three trillion dollars massive three trillion dollar tax cut he gets three reagan zombie stars for his efforts but not to be outdone and not to diminish the influence of a zombie thatcher zombie george or worse was born is also getting into the game of stealing from the poor to give to the rich osbourne just released a new budget in austerity ridden britain that would cut the top top tax rate for britain's three hundred thousand wealthiest citizens by cutting the pension plans o
known as the chancellor of the exchequer george osborne. now we know a paul ryan wants to do he wants to kick it where to go period he wants to kick fourteen million disabled elderly and impoverished americans off medicaid cut off their health insurance for millions tens of millions of americans and get rid of medicare as we know it and handed over to the for profit health insurance industry leaches all of that to suck thirty three trillion dollars out of the hands of working people and hand it...
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pharmaceutical companies that are on the rise and as far as persons concerned the treasury chief george osborne he's to deliver his budget today to convince raising ages is to keep their triple a a racing while avoiding pushing the economy into a double dip recession so he's got a balancing act to perform today as well as that stock futures as well i can tell you they are words they are pushing higher and that's on the back of those positive european stocks as well as commodity prices as well posting strong gains also u.s. home sales are expected to investors who got their eyes firmly on that one if we head over to the russian markets we can see that the strong got oil isn't helping the markets here however though not quite as strong as we saw earlier the stocks are retreating. ever so slightly if we look at the individual. we can see the roof is still up as well is that we've got gas problems still enjoying gains this our tax burden situation to deal with the twenty two billion dollars we're talking about and that's because when putin was campaigning for his presidential campaign he was saying
pharmaceutical companies that are on the rise and as far as persons concerned the treasury chief george osborne he's to deliver his budget today to convince raising ages is to keep their triple a a racing while avoiding pushing the economy into a double dip recession so he's got a balancing act to perform today as well as that stock futures as well i can tell you they are words they are pushing higher and that's on the back of those positive european stocks as well as commodity prices as well...
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this likely clawing back some losses from monday and tuesday comes as british treasury chief george osborne gears up to deliver a budget budget for the government designed to stop a double digit search in their russian markets they've lost the sparkle from the morning when strong crude supported investor sentiment little of the news on the ground to justify the markets roy saying is take a look at some stocks oil majors including rose and if they're heading higher on stronger crude prices. recovered from earlier losses caused by reports it will increase twenty two billion dollars over the next five years as well russia's next president putin plans to boost pensions and salaries for state employees and banking stocks are looking for direction with p.t.b. just a notch down and exchange rates of dollars now losing against major rivals over china growth concerns and improved hopes for europe after a greek parliament treat approval of the bailout the drupal is gaining against both the euro and the greenback and in other news general electric says its sales will triple in russia when the u.s. wit
this likely clawing back some losses from monday and tuesday comes as british treasury chief george osborne gears up to deliver a budget budget for the government designed to stop a double digit search in their russian markets they've lost the sparkle from the morning when strong crude supported investor sentiment little of the news on the ground to justify the markets roy saying is take a look at some stocks oil majors including rose and if they're heading higher on stronger crude prices....
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finance chief george osborne caught the fifty top titrate in his annual budget and russian markets they lost from the morning with strong crude support to investor sentiment they've now closed lower for the third day in a row let's check some stocks most blue chips raised earlier games rosneft last point six percent despite strong crude prices retreated a report reportedly increased twenty two billion dollars over the next five years i'm thinking still under pressure would be to be almost one percent down and the exchange rates the euro's just are not lower against the dollar the ruble is mixed against the main currencies in the last trade and that's all for this in fifty minutes time the headlines are next. to. fewer chances book full of life. limited time. more optimistic. the theater where the ingenious opened their hearts to the rest of us. what are the real limits. on our team. were the end of the core war and the going away of the soviet union many people thought that nuclear weapons disappeared. the risk is not zero that something might be going off by mistake specially if ounce
finance chief george osborne caught the fifty top titrate in his annual budget and russian markets they lost from the morning with strong crude support to investor sentiment they've now closed lower for the third day in a row let's check some stocks most blue chips raised earlier games rosneft last point six percent despite strong crude prices retreated a report reportedly increased twenty two billion dollars over the next five years i'm thinking still under pressure would be to be almost one...
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region to say the footsie may have a change of fortunes later but the british treasury chief george osborne he's going to deliver his budget later on he's he's trying to keep hold of the triple a rating that's been threatened recently by raising agencies while also out here after the founders budgeting trying to make ends meet at the moment moving on to the russian markets no rational decision rather well to say actually they're extending their gains if we look at the individual we can see that ross and you have to. just call has also had a change of fortunes at this hour they've got their tax burdens of twenty billion dollars coming in to pay out a poor almost the employees our salaries and their pensions that we're interesting one to watch but they've come back up into positive territory if you get added to the currencies we can see that is still trading rather well today's mixed fortunes for the group against the main prices that is hard hits us dollar lower against the year at this hour that's how the markets are looking all be back in about fifty five minutes i'll have the latest figur
region to say the footsie may have a change of fortunes later but the british treasury chief george osborne he's going to deliver his budget later on he's he's trying to keep hold of the triple a rating that's been threatened recently by raising agencies while also out here after the founders budgeting trying to make ends meet at the moment moving on to the russian markets no rational decision rather well to say actually they're extending their gains if we look at the individual we can see that...
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the british chancellor george osborne has outlined the government's spending and tax plans in the budget. from next april mr. osborne said the top rate of income tax is to be cut from the current 50 pence rate to 45% and will raise the threshold at which people start paying tax to more than 9,000 pounds. mr. osborne said he wanted to increase tax revenue from the wealthiest and lift millions of low-paid workers out of tax. >> this budget rewards work. britain is going to earn its way in the world. there is no other road to recovery. this budget supports working families and helps those looking for work. it unashamedly backs business. and it is on the side of aspiration. those who want to do better for themselves and for their families. >> but labeled a millionary's budget. >> all he's -- a millionaire's budget. >> all he's doing is giving with one hand and taking away with the other. it's wrong priorities, wrong values, out of touch, same old torries. >> one of the most eagerly awaited films of the year will open and thousands of cinemas around the world on friday with the release of "th
the british chancellor george osborne has outlined the government's spending and tax plans in the budget. from next april mr. osborne said the top rate of income tax is to be cut from the current 50 pence rate to 45% and will raise the threshold at which people start paying tax to more than 9,000 pounds. mr. osborne said he wanted to increase tax revenue from the wealthiest and lift millions of low-paid workers out of tax. >> this budget rewards work. britain is going to earn its way in...
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that this give away by can moron is giving to the banks once again this constituency then when george osborne they're there for the banks this is another bank giveaway well actually it's also you know mollycoddling a certain sector of the population that is on the house and louder they do mention that the new house buyer is now in the u.k. average age is thirty seven in certain parts of the u.k. because they can't get onto the ladder and they also said that actually for the first time there are more buy to let mortgages being issued then there are mortgage for occupier owners so you have this emergence of a renting a class of something that you've talked with with das with steve keen with michael hudson and this is the exact opposite of the capitalism that adam smith said should happen well there should lift the market clear the demand for housing is such that the price should reflect the demand of supply should reflect the demand that the man supply supply demand you know that's not for cam come more on this is. isn't good enough for him is to insert himself into the into the market and say
that this give away by can moron is giving to the banks once again this constituency then when george osborne they're there for the banks this is another bank giveaway well actually it's also you know mollycoddling a certain sector of the population that is on the house and louder they do mention that the new house buyer is now in the u.k. average age is thirty seven in certain parts of the u.k. because they can't get onto the ladder and they also said that actually for the first time there are...
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government borrowing will not be repaid until the next century under a radical plan to be unveiled by george osborne in next week's budget similar guilt have only previously been used to fund the first world war and the fallout from the south sea bubble when speculators almost bankrupted the global economy the exchequer in the u.k. is still paying interest on those loans underlining the scale of the economic crisis now facing the country this is a remarkable story they are offering one hundred year gilts and as i was born and others point out they haven't done the says the collapse of the south sea bubble they have the collapse and then they offered these one under your guilts to try to refinance the british economy using the quantitative easing of the day to reliquefy banks to you know offer that up to the insiders notice that it can't. after the south sea bubble crash here they're doing it before before the mega craft that's cooked into the cake at this point and what this tells us is that the global economy particularly in the u.k. where the jet the debts the g.d.p. in the u.k. couldn't bank that
government borrowing will not be repaid until the next century under a radical plan to be unveiled by george osborne in next week's budget similar guilt have only previously been used to fund the first world war and the fallout from the south sea bubble when speculators almost bankrupted the global economy the exchequer in the u.k. is still paying interest on those loans underlining the scale of the economic crisis now facing the country this is a remarkable story they are offering one hundred...
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Mar 15, 2012
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as we come up with the budget, of course, the next few days we'll be looking at how committed george osborne is to that. in spain, ten year is at 5.17%. now we do have a key auction today in spain. we'll get results of that auction for you later in the show. 3.5 billion why are owes short to medium term debt being auctioned off there. in france an auction coming up, too. 2.96%. a quick check on the currency market, where the euro rate is right now. euro dollar at 130.53. euro/swiss is at 1.2112. and sterling/dollar trading at 1.5641. in the oil markets, brent yesterday took a little bit of a dip and is continuing in that direction today having had a strong runup over the past few weeks. brent is trading at 1.2493. particularly trading higher since the dping of 2012. christine. >>> well, here in asia a mixed picture after yesterday's gains. up for the third straight session, the softer yen helping to give a lift to the exporters in this particular market. the topix is up 0.8%. the hang high market property continues to be a big concern after wen jiabao continued to curb on a property sector d
as we come up with the budget, of course, the next few days we'll be looking at how committed george osborne is to that. in spain, ten year is at 5.17%. now we do have a key auction today in spain. we'll get results of that auction for you later in the show. 3.5 billion why are owes short to medium term debt being auctioned off there. in france an auction coming up, too. 2.96%. a quick check on the currency market, where the euro rate is right now. euro dollar at 130.53. euro/swiss is at...
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Mar 26, 2012
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. >> chancellor george osborne unveiled a budget last year before members of parliament in the british house of commons. the annual budget speech proposes spending plan for reducing the deficit and creating job growth. the chancellor chancellor said the cost of funding the mission in afghanistan was 2.4 billion and priestly forecasted. the top income tax rate will be reduced from 50 to 45% by next april. from london, this is about one hour and 15 minutes. >> [cheers] >> mr. speaker, this budget rewards work. wor. britain is going to earn its wae in the world . there is no other road to recovery. budget supports workingng families and helps those looking for work. it unashamedly ask business, ana it is on the side of aspiration, those who want to assert themselves and their families. this budget reaffirms our unwavering commitment to deal de with britain's record debt. but because we have artie takena physical decisions, this wouldgt be a reforming budget that seeks to repair the disastrous economic growth that created those debts. a model while the national debt britai doubles. mr. spe
. >> chancellor george osborne unveiled a budget last year before members of parliament in the british house of commons. the annual budget speech proposes spending plan for reducing the deficit and creating job growth. the chancellor chancellor said the cost of funding the mission in afghanistan was 2.4 billion and priestly forecasted. the top income tax rate will be reduced from 50 to 45% by next april. from london, this is about one hour and 15 minutes. >> [cheers] >> mr....
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Mar 21, 2012
03/12
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chancellor of the exchequer, the right honorable george osborne. [cheers and applause] >> mr. deputy speaker, this budget rewards work. britain is going to earn its way in the world. there is no other road to recovery. this budget supports working families and helps those looking for work. it unashamedly backs business, and it is on the side of aspiration, those who want to do better for themselves and for their families. this budget reaffirms our unwavering commitment to deal with britain's record debt. but because we've already taken difficult decisions, this could also be a reforming budget that seeks to repair the disastrous model of economic growth that created those debts. a model that saw manufacturing almost half as a share of our national economy while the national debt doubled. mr. deputy speaker, this is how britain will earn its way in the world, with far-reaching tack reform, with a is simpler tax system where ordinary taxpayers understand what they're being asked to pay, with a tax system that is more competitive for business than any other major economy in the w
chancellor of the exchequer, the right honorable george osborne. [cheers and applause] >> mr. deputy speaker, this budget rewards work. britain is going to earn its way in the world. there is no other road to recovery. this budget supports working families and helps those looking for work. it unashamedly backs business, and it is on the side of aspiration, those who want to do better for themselves and for their families. this budget reaffirms our unwavering commitment to deal with...
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Mar 21, 2012
03/12
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george osborne on wednesday said government will accelerate a cut in the corporate tax rate. they are going to lower their corporate tax rate from 26% to 25%. the same thing that we are proposing to do. in addition, instead of raising taxes on higher income workers, they are lowering the top tax rate. here's the reason they said they did it. many of you may recall they raised tax rates in 2009 on individuals. and it didn't work. it said, the higher tax rates created massive distortions and raised little extra revenue. osborne said other changes to tax laws would ensure the nation's wealthiest would pay five times more tax than under the current law. that's the reason for that is you have greater economic growth. what we want to do is grow the economic pie for everybody and produce higher revenues for the government because we have higher activity. thank you. i yield back. the speaker pro tempore: thank -- >> i thank the gentleman for yielding. i will finish up then. thank you, mr. chairman. our colleagues on the other side, particularly the president of the united states, wan
george osborne on wednesday said government will accelerate a cut in the corporate tax rate. they are going to lower their corporate tax rate from 26% to 25%. the same thing that we are proposing to do. in addition, instead of raising taxes on higher income workers, they are lowering the top tax rate. here's the reason they said they did it. many of you may recall they raised tax rates in 2009 on individuals. and it didn't work. it said, the higher tax rates created massive distortions and...
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Mar 22, 2012
03/12
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george zimmerman grew up in manassas and graduated from osborn high school. the man across the street from him says that he was far from a problem child. >> he did not really mess with a lot of people in the neighborhood. for him to even have a gun is not something i would picture. >> the shooting of a 17-year- old on armed trayvon martin has sparked national outrage. zimmerman has not been charged. he said that he shot martin in self-defense. hundreds protested last night in new york city demanding that zimmerman be arrested. his family will meet with the justice department today demanding answers about the way police handle the shooting. >> fairfax county police hoped that home surveillance video will help catch a man who attacked a teenage girl. >> this happened earlier this week in a wooded area near woodson high school. that is where john gonzalez has pictures and how viewers may be able to help. >> that's right. a female student was walking home monday from woodson high school through the woods nearby. this is an area hundreds of students use each day.
george zimmerman grew up in manassas and graduated from osborn high school. the man across the street from him says that he was far from a problem child. >> he did not really mess with a lot of people in the neighborhood. for him to even have a gun is not something i would picture. >> the shooting of a 17-year- old on armed trayvon martin has sparked national outrage. zimmerman has not been charged. he said that he shot martin in self-defense. hundreds protested last night in new...
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Mar 22, 2012
03/12
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george zimmerman graduated from osborne high school in 2001.re told no member of the faculty could talk to us about him. in the yearbook there isn't much information about him, he was in the future business leaders of america in the junior and senior years. a quote from george zimmerman. i'm going to florida to work with my god father who just bought a $1 million business. his career plans seemed to have changed. >> he came to ask you for a recommendation? >> yes because he wanted to go to the police academy and become a police officer. >> what did you write on the recommendation? >> yes. a very positive one. i have nothing but the strongest positive feelings for the whole family including the boys. >> i asked kay hall about a key implication in the trayvon martin shooting and zimmerman's involvement. >> is he a racist from what you know? >> not from what i know of because basically they were among minority themselves, you know, 20 years ago they were hispanic. before there were a lot of hispanics around and we had blacks in the neighborhood an
george zimmerman graduated from osborne high school in 2001.re told no member of the faculty could talk to us about him. in the yearbook there isn't much information about him, he was in the future business leaders of america in the junior and senior years. a quote from george zimmerman. i'm going to florida to work with my god father who just bought a $1 million business. his career plans seemed to have changed. >> he came to ask you for a recommendation? >> yes because he wanted...
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Mar 22, 2012
03/12
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george zimmerman grew up in manassas. he graduated from osborne park high school in 2001. neighbors say he had dreams of becoming a police officer. they had even written a letter of recommendation to zimmerman to attend the police academy in northern virginia. they were stunned to learn the the boy they watched grow up is the man who confronted and killed trayvon martin. >> perfect gentleman. he was very smart, very intelligent, very polite, healthy. he would be your ideal child. >> i don't understand how it came to that kind of tussle that somebody would have to shoot somebody. i don't know the boy he shot and i don't know what could have gone on there. >> reporter: a florida grand jury will take up the case on april 10th. here in d.c., there will two trayvon martin rallies. back to you. >> our coverage continues. thank you. sanford police are standing behind their decision not on arrest zimmerman. meantime, people upset over how the case has proceeded joinnated so-called million hoodie march walking with their hoods up as a show of solidarity with martin. his father was
george zimmerman grew up in manassas. he graduated from osborne park high school in 2001. neighbors say he had dreams of becoming a police officer. they had even written a letter of recommendation to zimmerman to attend the police academy in northern virginia. they were stunned to learn the the boy they watched grow up is the man who confronted and killed trayvon martin. >> perfect gentleman. he was very smart, very intelligent, very polite, healthy. he would be your ideal child. >>...
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Mar 22, 2012
03/12
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george zimmerman remain as a free man. he is a 28-year-old floridian who grew up in manassas. he lived in on sweet briar street. he moved to central florida soon after graduating from osborne high school in 2001. we spoke to former neighbors who say zimmerman once had asked him to write a letter of recommendation for the police academy which he hoped to attend. zimmerman never realized hid dream of becoming a police officer. he was an active member of his neighborhood watch, licensed to own a gun which he used with deadly force three weeks ago. >> even though i didn't know who he was when i was seeing it on tv, i just thought to myself, look, you didn't need a pistol. you could have taken that kid with your bare hands if you needed to. why do you whip out a pistol. i was talking that way to my wife before i knew who it was. i was floored when i found out who it was. i couldn't believe it. i just couldn't believe it. >> we hoped that that wasn't something george did out of anger because we couldn't see him, the george we knew, doing anything like that. >> reporter: last night, sanford city commissioners voted no confidence in police chief bill lee, jr. here in d.c., there w
george zimmerman remain as a free man. he is a 28-year-old floridian who grew up in manassas. he lived in on sweet briar street. he moved to central florida soon after graduating from osborne high school in 2001. we spoke to former neighbors who say zimmerman once had asked him to write a letter of recommendation for the police academy which he hoped to attend. zimmerman never realized hid dream of becoming a police officer. he was an active member of his neighborhood watch, licensed to own a...
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Mar 22, 2012
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george zimmerman grew up in manassas, virginia. he lived in a house on sweet briar street from the time of his a toddler with his parents, siblings and his peruvian grandmother. he graduated from osborne high school in 2001. a neighbor said he had dreams of become a police officer and had even wrib a letter of recommendation for zimmerman to attend the police academy in northern virginia. they say they were stunned to learn that the the boy they watched grow up is the man would confronted and killed trayvon martin. >> perfect gentleman. he was very smart, very intelligent, very polite, healthy. he would be your ideal child. >> i don'tened how it came to that kind of tussle that somebody would have to shoot somebody. i don't know the boy he shot and i don't know what could have gone on there. require florida grand jury will take up the case on april 10. here in d.c., there will be two rail yeas, a prayer vigil tomorrow on mlk avenue in southeast at the big chair and a rally at freedom plaza on saturday. coming up at 7:00, george zimmerman's father has something to say. we'll tell you what that is when we come back. >> thank you. >>> some of our other top stories, police have arrested a
george zimmerman grew up in manassas, virginia. he lived in a house on sweet briar street from the time of his a toddler with his parents, siblings and his peruvian grandmother. he graduated from osborne high school in 2001. a neighbor said he had dreams of become a police officer and had even wrib a letter of recommendation for zimmerman to attend the police academy in northern virginia. they say they were stunned to learn that the the boy they watched grow up is the man would confronted and...