hammond says government cuts are coming to an end.a wonderful way of doing verbs! theresa may, when her back was really to the wall last week, she seems to suggest that this was the moment austerity was ending or even had ended. now of course, chancellors are generally more cautious. and they also get all the blame if it can't be delivered. he seemed to suggest it was an ongoing process. this is a liability for the conservatives. it is like saying, remember the paradox of the arrow that never hits the wall. is anyone ever going to say, austerity is over, you have delivered enough? that was a bit of a trap for the tories. they kill you felt that they had to do something and there is a lot of interpretation about whether this presaging an early election. my feeling is that this is a hedge. they have to do something to show this is not of the government of brexit. moving to the guardian, you said something earlier about the british ship between messrs hammond and may having improved significantly. and that is the guardian's reading, but

the right honourable philip hammond.rity chancellor had come with words of encouragement.” austerity chancellor had come with words of encouragement. i present to the house a budget for britain's future, a budget that shows the perseverance of the british people finally paying off. he clearly meant to make an impact. because today, mr deputy speaker, i can report to the british people that their hard work is paying off and the era of austerity is finally coming to an end. but there were strings attached and a message to mp5, britain needed and a message to mp5, britain needed a brexit deal to guarantee its future. we are at a pivotal moment in our eu negotiations and the sta kes in our eu negotiations and the stakes could not be higher. get it right and we will not only protect britain's jobs, right and we will not only protect britain'sjobs, businesses right and we will not only protect britain's jobs, businesses and prosperity, but we will also harvest a double deal dividend. what was on offer today? we had heard about

so philip hammond going in therejust say, the house of commons!f the chancellor‘s budget, but first the weather. thank you. there‘s a chill in the air butfor thank you. there‘s a chill in the air but for most of us we have the 5un out and the wind is quite liked as well. not completely dry. this weather watcher picture hints at showers with a rainbow coming down the eastern side of england. away from here, it will be dry through the afternoon into the early evening with some 5un5hine to end the day. temperatures to —— typically 8—10dc. thi5 temperatures to —— typically 8—10dc. this band of rain has been sitting here and the cloud means the 5un5hine has been rather milky. a storm is brewing in europe. we‘ve 5een storm is brewing in europe. we‘ve seen some heavy snow in the pyrenees and the steep area of low pressure under that cloud bring5 and the steep area of low pressure under that cloud brings some heavy rain and snow to the alps a5 under that cloud brings some heavy rain and snow to the alps as well, and a5 rain and snow to the alps as well, a

next yeaer hammond said ending of austerity, he said. next year mr hammond said the government would spend 2.3 billion pounds on public services and that figure would rise to 30.6 billion pounds by 2024, the biggest change in public spending for at least a decade. well, the prime minister said the chancellor are very difficult challenge with her declaration that it was the end of austerity and i think today he over delivered on expectations. the reason he was able to do that was because he got a big improvement in the public finance forecast from independent forecasters with the result that i think the budget is the biggest giveaway budget for a generation.

philip hammond.bably won't be too much dissent, because the bigger divisions are over brexit — the potential rebels are likely to keep their powder dry until the shape of a deal with the eu becomes clear. let's cross to our assistant political editor norman smith who's in westminsterfor us. the day after the budget is traditionally the time when people pour over the detail and people are pouring over how far mr hammond actually eased austerity, with all the spending announcements. interestingly we heard from mr hammond himself suggesting that outside of the nhs, government departments will be getting a flat 0% average increase in spending, in other words, areas like police, local government, and schools, austerity will continue, even though extra spending was announced in some of the key pressure points such as social care, for universal credit. theresa may, who is in oslo this morning, reiterated her conviction that austerity is now coming to an end. what we saw in the budget yesterday is yes auster

how will mr hammond afford it?bout £11.9 billion this year, giving mr hammond some spending room. second, economic growth is stronger than expected for the next two years — rising next year from 1.3% to 1.6%. that's better for the amount of tax the government collects. interestingly, the chancellor has said he's not going to save that money, he's going to spend it. he is going to have a bit of trouble if the forecasts look worse next time and don't forget, what the 0br, what the forecasts give, they can very easily take awaits. he has not left himself with a lot of scope to respond if things go worse down the road. there will be some tax rises. self—employment rules will be tightened, raising over £3.1 billion over five years. and the possibility of a new tax on technology giants like facebook, which could raise £1.5 billion. this was a budget promising a lot of spending in the future, but austerity is not over today. benefit cuts and cuts to government departments are still to come. and if there is no deal on brex

how can mr hammond are forwarded?r than expected by around 11.9 billion pounds this year. that gives mr hatton and some spending room. second, economic growth is to longer than expected for the next two yea rs, than expected for the next two years, rising next yearfrom than expected for the next two years, rising next year from 1.3% to 1.6%, that's better for years, rising next year from 1.3% to 1.6%, that's betterfor the amount of tax the government collect. interestingly the chancellor has said he's not going to say that money, he's to spend it. he is going to have a bit of trouble if the forecasts look worse and, don't forget, you know, what the 0br, what the forecast give, they can very easily take away. so he's not left himself with a lot of scope to respond if things go worse down the road. there will be some tax rises. seh road. there will be some tax rises. self employment rules will be tightened, raising over 3.1 billion pounds over the next five years. and the possibility of a new tax on technology giants li

the right honourable philip hammond.chancellor had come with words of encouragement. i present to the house a budget for britain's future, a budget that shows the perseverance of the british people finally paying off. he clearly meant to make an impact. because today, mr deputy speaker, i can report to the british people that their hard work is paying off and the era of austerity is finally coming to an end. but there were strings attached and a message to mps, britain needed a brexit deal to guarantee its future. we are at a pivotal moment in our eu negotiations and the stakes could not be higher. get it right and we will not only protect britain's jobs, businesses and prosperity, but we will also harvest a double deal dividend. what was on offer today? we had heard about another £20 billion for the nhs in england, and he had a new announcement. today i can announce that the nhs ten year plan will include a new mental health crisis service with comprehensive mental health support available in every major a&e, children a

it ended when mr hammond comes up day. it ended when mr hammond comes up with.nd, this programme has found. ivf should be offered to women until age 42, guidelines say, but new figures show around 80% of areas are failing to do this. the department of health said "blanket restrictions" were "unacceptable". sara cox will be the new presenter of radio two's drivetime show. the appointment comes after simon mayo, who had led the programme for eight years, announced he was leaving just a few months after he began co—presenting withjo whiley. sara cox says she was "beyond chuffed" at the news. the duke and duchess of sussex have met volunteers at a new zealand cafe that helps to highlight mental health issues. they then met school children who were waiting outside. one little boy, joe, seemingly shy at his royal encounter, was given a hug from his teacher as he met meghan and was tickled by harry as the prince tried to cheer him up. earlier, the duchess of sussex also praised the achievements of new zealand women, who were the first in the world to get the right to v

hammond's giveaway gamble. yes.eds to do something ahead of brexit and also the political sort of sensibility behind it that something has to happen. and that too much political turf has been eroded by those wearisome brexit battles, that the country is tired of them, and imagine what it's like to be in the government. i think something that's interesting is how many of these small measures are intended to alleviate political pressure. so intended to alleviate political pressure. 50 more cash intended to alleviate political pressure. so more cash for belfast in what the deeply claimed was part ofa in what the deeply claimed was part of a boost for northern ireland, this was through this mysterious deal with the dup, when she had that election result, she had to have them on board to shore up the government, but it is certainly true that at the moment not much can happen without the dup going along with it, so i'd expect when we get into the dark magic of that, that it is to the benefit of aileen foster. this takes u

i have seen interviews with hammond today.ems to be edging towards what he said short while back, and no—deal brexit. i am really worried about that. that is the worst of all options. it could damage our economy, underminejobs, and we'll do everything we can in parliament to make sure that we protect jobs and the economy. we are saying to theresa may, if you bring that deal back, you have support. if you can't, move to one side and we will deal with it. that is the way we will protect economy. what else can we expect in the budget? there is going to be some extra money for road improvements. this is money that has been promised under the last chancellor. some extra money promised by philip hammond. that will be from major a roads and motorways. a few hundred million pounds to deal with local road improvements. things like potholes as well. there will be a review into payday loans. the government is going to look at the possibility of introducing an interest—free loan. a lot of speculation in the papers about what else might be

popular poring over this morning as halfar mr hammond yesterday actually did ease austerity with the interestingly we have heard from mr hammond himself this morning suggesting that outside of the nhs, government departments will be getting a flat 0% average increase in spending. in other words, for areas like police, like local government, like schools, austerity will continue, even though extra spending was announced in some of the key pressure points yesterday, such as for social care, orfor universal credit. yesterday, such as for social care, or for universal credit. mrs may, who is in oslo this morning, reiterated her conviction that austerity is now coming to an end. what we saw in the budget yesterday was yes, austerity is coming to an end. what does that mean? we will continue to ensure that debt falls and give more support to public services, and set out our new approach in the sending —— spending review next year. austerity coming to an end is notjust about more money into public services, it is about more money in people's pockets. philip hammond has found himself embroil

let's move on to the financial times and philip hammond, the chancellor., a curious speech, referencing not quite the failure of 2ist—ce ntu ry referencing not quite the failure of 2ist—century capitalism. what did you make of it? it is difficult, he was saying we have to offer change, because jeremy corbyn was saying we have to offer change, becausejeremy corbyn and labour are offering change, he did not say that but that is what he meant, so we cannot be the party of continuity. even though they have been in government for years now. it is difficult when you have been in power for this long to drum difficult when you have been in powerfor this long to drum up any sense of excitement and change, and to suggest you're not good carry on doing what you have been doing for the last few years. in contrast to boris, as we said, although he is a divisive figure, boris is now clearly trying to put that clear water between him and the rest of his party. at least the ones in the cabinet. and therefore, he is saying, come with me, i can offer something fresh, but th

hammond's giveaway clouded by brexit.exit bonus one story and two very different interpretations. absolutely. the the financial times, it is clear that every silver lining has a brexit cloud and it took that view on the budget front page. they wa nted view on the budget front page. they wanted to emphasise that philip hammond was saying in his speech to the house that all this could go very bad if there was a hard brexit. the news cycle has forgotten that this budget takes place against a backdrop of internal strife in the conservative party and that philip hammond, while he had that money to give away, those tax revenues are up, bringing forward all those giveaways, but it could all go very badly wrong next year if there were a hard brexit. that is what the paper wanted to underline. in fairness, it is also what philip hammond intended to be picked up. interestingly, the word count shows that he only mentioned the word brexit wants, although it was clearly in the background. brexit wants, although it was clearly in the b

philip hammond content with his deep's work.ning point in our history and we must resolve to go forwards, not backwards and work together to build a britain that we can all be proud of. i commend this statement to the house. tory mps were happy that it is thejob of house. tory mps were happy that it is the job of labour to be unimpressed and jeremy corbyn could not wait to get started. this is a broken promise budget. what we have heard to date are half measures and quick fixes while austerity grinds on. farfrom quick fixes while austerity grinds on. far from people's quick fixes while austerity grinds on. farfrom people's hard work and sacrifice as having paid off as the government has claimed this government has claimed this government has claimed this government has frittered away in ideological tax cuts to the richest in our society. the opponents of the government queued to condemn what they had heard. all the big decisions about how we pay for public services and the so—called end of austerity, it has been put off until ne

the chancellor, phillip hammond, will deliver his last budget before brexit today.ressure to find extra funding for other public services after years of austerity. 0ur political correspondent ben wright reports. a mid—afternoon budget on monday is very unusual, and so is the backdrop to philip hammond's statement later, because with the uk set to leave the eu in five months' time, he doesn't know if there will be a brexit deal with the eu or not. the impact on his plans for the economy could be huge. but some commitments have already been made. the government has promised to set aside an extra £2 billion a year for round—the—clock mental health support in major a&e centres in england. there will also be more specialist ambulances and new dedicated mental health teams in schools. the money is part of the £20 billion boost to nhs funding announced in june. the £20 billion boost to nhs funding announced injune. the treasury has also set aside a £30 billion package for england's roads with money to repair motorways and potholes. there will be more money spent on busines

is saying ; f.‘{ arr. tjnil is saying about a what mr hammond is saying about a very large bill?uropean negotiators like to talk about how within the brexit negotiations, there has been quite a lot of magical thinking. some of that magical thinking. some of that magical thinking. some of that magical thinking has basically been if there is no deal, we will not have to pay the eu anything. and here his film is philip hammond having some real talk, saying that we cannot just walk away from something we signed up two decades ago, and have no financial obligations whatsoever. it is a little bit like saying just because you don't like your house, that does not mean you can walk away from your mortgage, move different house and not be with the other one. is a clear how he can apparently say this, when for example, dominic raab can say that we will not pay that u nless we can say that we will not pay that unless we get a deal? obviously this is problematic for them, and the telegraph story is based on a cabinet meeting today in which they we re cabinet meeting today in which they were d

in the past when he tried to twea k hammond in the past when he tried to tweak taxes.hat a real bind. he wants to raise taxes, you cannot go through parliament and it's another headache for theresa may's government. the budget will be interesting to watch because philip hammond what to do little but there is huge pressure on spending at the moment. they try to be clever and drive forward and one who was in at the meeting, presumably cabinet ministers said i think the treasury thought it would be clever to have the budget now rather than december, close to the vote on any brexit deal, but it turned out that we just rescheduled it slap bang in the middle of another brexit mass. exactly. that's exactly what has happened. one of these days i will come on here and there will not be a brexit mass. may be 2030, i think. then there is the warnings of resignations. several have said that their ministers, cabinet ministers said they might resign, and in all of this there is talking about government paralysis over brexit, that this tax raising budget is probably going to cost a h

today, a hint from mr hammond that he is listening.trying to smooth some of the issues around transition from legacy system to universal credit. and where we see issues that need addressing, we will dress them. higher than expected tax receipts will allow the chancellor to spend a bit extra on things like road repairs and business rate relief. but, with no majority in the commons and a very fractious tory party, the ever cautious chancellor is unlikely to risk any radical budget moves. he knows, too, that a botched brexit could capsize all his plans. the shadow chancellor said he was deeply worried. a whole callous complacency about what philip hammond is doing at the moment, on universal credit and a brexit at the moment, the implications for our community if there is a no deal, i think could be catastrophic. and he should be standing up now and saying there will always be a deal, and he will work with us if necessary to secure the deal. brexit frames this budget and big tax and spending decisions will be delayed until it's done. ben

it was philip hammond's third budget. for lovers of parliamentary nuggets, it was, interestingly, the first monday budget for 56 years. the last chancellor to make the famous speech to parliament on a monday was the conservative selwyn lloyd back in the spring of 1962 a time before most of the present mps were born. at the start of this budget day, philip hammond posed for the traditional photographs outside 11 downing street. before making the short trip to the palace of westminster. to conservative cheers, the chancellor entered the commons and took his seat shortly before half past three. he said conservative chancellors, namely himself and george osborne, had had to make tough decisions in the last eight years decisions driven not by ideology but by necessity. now we have reached a defining moment on this long hard journey, opening a new chapter in our country's economic history where we can look confidently to the future and set our course for where this remarkable country will go next. because today, mr deputy speak

the splash of the telegraph is on philip hammond's warning to his collea g u es on philip hammond's warnings in cabinet that the uk will have to pay a substantial proportion of the $39 billion divorce bill even if it doesn't have a future trade deal with the uk. interesting because it is almost in direct contradiction to promises made injuly direct contradiction to promises made in july by direct contradiction to promises made injuly by dominic raab, the brexit secretary, who said the deal would be conditional on the eu fulfilling its bargain. this would come as a surprise to seasoned brexit watches that the british seem to have gotten the wrong end of the stick. the eu has said from the beginning that there are obligations that the uk would to abide by including projects which had already been started and committed to. and pension contributions for eu workers and that sort of thing. those who support brexit have created an alternative narrative, some of them, that if we let the eu without a deal, if we crashed out, what are the benefits of that? what philip hammond has told his cabinet col

kick us off with what mr hammond is saying about a very large bill? european negotiators like to talk about how within the brexit negotiations, there has been quite a lot of magical thinking. some of that magical thinking. some of that magical thinking. some of that magical thinking has basically been if there is no deal, we will not have to pay the eu anything. and here his film is philip hammond having some real talk, saying that we cannot just walk away from something we signed up two decades ago, and have no financial obligations whatsoever. it is a little bit like saying just because you don't like your house, that does not mean you can walk away from your mortgage, move different house and not be with the other one. is a clear how he can apparently say this, when for example, dominic raab can say that we will not pay that u nless we can say that we will not pay that unless we get a deal? obviously this is problematic for them, and the telegraph story is based on a cabinet meeting today in which they we re cabinet meeting today in which they were

philip hammond is warning of the risks that that scenario may entail.alling him a moaner. what are the opposition saying? labour's position is to avoid and ordeal scenario. am deeply worried. philip hammond seems to be edging towards no—deal brexit. that is the worst of all options. it can damage our economy and undermine jobs. we will do everything we can to protectjobs jobs. we will do everything we can to protect jobs and the jobs. we will do everything we can to protectjobs and the economy. we have been telling theresa may, a few bring jobs back we will support you. if you cannot, move to one side and we will deal with it. what else can we will deal with it. what else can we expect in the budget? there is going to be some extra bunny for road improvements. —— extra money. extra funding announced by philip hammond. that will be from major a roads. a few hundred million pounds to deal with local road improvements. there will be a review into payday loans. the government is going to look into introducing an interest—free loan for people on low incomes.

today, a hint from mr hammond that he's listening.smooth some of the issues around transition from the legacy system to universal credit. and where we see issues that need addressing, we will address them. higher than expected tax receipts will allow the chancellor to spend a bit extra on things like road repairs and business rate relief. but, with no majority in the commons and a very fractious tory party, the ever—cautious chancellor is unlikely to risk any radical budget moves. he knows too that a botched brexit could capsize all his plans. the shadow chancellor said he was deeply worried. the shadow chancellor was that he was deeply worried. a whole callous complacency about what philip hammond is doing at the moment, on universal credit and on brexit at the moment, the implications for our community if there is a no deal, i think could be catastrophic. and he should be standing up now and saying there will always be a deal, and he'll work with us if necessary to secure the deal. brexit frames this budget and big tax and spending

of the speech we did not see philip hammond grinning.even before we... it was mooted because the nhs pledge was so expensive, we already knew that philip hammond were struggling to find the money for that, to the point of having tory mps go to downing street and say to come up with some tax—raising ideas. there are many reasons tories joined the party, but ultimately they are low tax people. and i think this is a problem. one of the things which was mooted was perhaps cancelling the fuel duty frees. we now know that the freeze will continue. so he has to find more money somehow and i think it will get very tricky for him, especially because i don't no if it is going to cover it. while we are feeling a bit depressed, let's find something which takes the pressure off us. and we don't need to worry about vitamin d. so there was advice a while ago that particularly for children and older people, that bone density, for kids' bones to grow, and avoiding osteoporosis, weaker bones, or breaking a hip if you have a fall, and so on, that vitamin d

chancellor philip hammond, who will present his budget tomorrow, says an end to austerity depends onhat kind of brexit deal the country gets. and he reveals plans to invest millions to upgrade england's roads and nose to nose with with maori elders, the duke and duchess of sussex arrive in new zealand. big crowds came out to meet the royal couple as they began the final leg of their their commonwealth tour with a traditional greeting. the bbc has been told the owner of leicester city football club was on board the helicopter that crashed and burst into flames only minutes after taking off from the king power stadium last night. it's understood vichai srivaddhanaprabha had been flying home after watching his team play west ham when the helicopter came down. he bought leicester city eight years ago, helping them to win their first premier league title in 2015. premier league title in 2016. it's not yet known how many other people were on the helicopter or what condition they are in. our correspondent simon clemison has the latest. the shock... oh, my god. a helicopter‘s just crashed ne

today philip hammond admitted that a no—deal brexit would force a rethink.g to do would be to revisit where we are, decide how best to respond, that depends on what the markets are doing, the circumstances of the moment, but the important point is i have got fiscal reserves that would enable me to intervene. while some think the impact of leaving the eu without a deal is overblown, labour believes that scenario should be avoided at all costs. i'm deeply worried. i've seen interviews from philip hammond today, edging towards what he said a short while back, a no—deal brexit, and i'm really worried about that. it's the worst of all options. it could damage our economy, undermine jobs, and we'll do everything we can in parliament to make sure we get a deal that will protect jobs and the economy. philip hammond is a naturally cautious chancellor and he already had this to live up to. a decade after the financial crash, people need to know that the austerity it led to is over and that their hard work has paid off. labour willjudge the budget against that bar, so

philip hammond's speech is imminent.ogeyman for hardline brexit ears who believe he is slowly trying to snarl up brexit because he's never been enthusiastic about it. it will be interesting to gauge the reaction in the hall. i doubt he will say anything at all remarkable about brexit because if you were to do so then the potential for it to kick off is exactly what tory strategists don't want. they just want to get through this conference in one piece without an almighty punch up erupting over brexit. it's simply a case of getting through the conference and then mrs may can try and negotiate some sort of compromise. we know the prime minister is looking to bring forward new proposals on the northern ireland backstop in an effort to bridge the divide but she does not wa nt to bridge the divide but she does not want to do that here and she absolutely does not want a row here which is why a suspect philip hammond will probably collide over the thorny issues around brexit. much more of his speech we are told will be about tr

philip hammond faces budget criticism.eams searching for suzy lamplugh — the london estate agent missing since 1986 — start digging up a garden in the west midlands germany's worst post war serial killer — a former nurse — admits being responsible for the deaths of 100 patients in his care. here's your business headlines on afternoon live. the influential institute for fiscal studies has issued its analysis of the budget, which takes a rather sceptical stance. it says the chancellor's spending plans are a bit of a gamble given that it was based on lower borrowing forecasts. growth in the eurozone has slowed to 0.2% in the third quarter after recording 0.4% growth in the second quarter, missing expectations. its thought that the stagnation in the italian economy is dragging down growth. profits at oil giant bp more than doubled in the third quarter, boosted by stronger oil prices and higher production from new oilfields. so, lots of financial results in new york. we have heard from some big names already. we have heard from

philip hammond has listened to some of that criticism today. years investing £1.7 billion.eople saying it is not enough. labour saying the roll—out should still be halted and the whole policy needs to be reviewed but as the national audit office said in the summer, the problem with universal credit is that at the time it was a flawed benefit. the giza bp have reorganised their whole system and now it is almost impossible to stop it. ok, thank you very much for that. now it's time for a look at the weather with nick miller. hello. after a chilly start to the wii, tim rogers recover as we goes on but then it will turn increasingly wet and windy. overnight, the coldest weather is where we have the clearest skies across western parts of the uk so expect some frosty and temperatures dipping afew expect some frosty and temperatures dipping a few degrees below freezing. in the east, increasing cloud and the chance of some outbreaks of rain. maybe an early touch of frost that temperatures will actually start to go appear as the night goes on. this area of cloud will drift further w

he has been described by philip hammond as someone described by philip hammond as someone who is unlikelyet a good deal and that is what i'm interested in. what philip hammond is going to be saying today in his speech is being unashamedly pro—business, backing business because that is what we need, we need economic growth to deliver more jobs and higher living standards for people. all this other stuff is tittle tattle, as far as i'm concerned. philip hammond says he has no grasp of detail, that is some are obviously very high up in your party who is talking about it. —— someone very party who is talking about it. —— someone very high up. what philip hammond is talking about is the economy and the fact we are making the apprenticeship levy more flexible so we can get more young people into training, the work we are doing to build more infrastructure across our country to boost growth. that is what is really important for the people watching, ami important for the people watching, am i going to get a betterjob? are my children going to have a better future? that is what we are working on a

philip hammond.re probably won't be too much dissent because the bigger divisions are rover brexit, the potential rebels are likely to keep their powder dry unto the shape of a deal with the eu becomes clear. let's get the latest now from our political correspondent leila nathoo. leila, iam leila, i am legend philip hammond will be pleased with the reaction this morning. —— i imagine philip hammond will be pleased. everyone was watching and following how he would redraw the political map to neutralise labour's message, so there were spending promises and tax cuts in the budget, the rise in spending for the nhs, for mental health, the rollout of universal credit, more money for defence, the rise in the income tax threshold for basic and higher rate taxpayers, so there was more money in his budget no doubt, so this was his attempt to try to signal a direction of travel, what could come ahead. so labour is saying this is a quick fix budget for half measures and don't be in any doubt that there are still

philip hammond will deliver his budget today. how largess will he be?he measures may only survive a few months. place, srihird lanka's president says assassination plot against them has led to the firing of the nation's prime minister. in second place, the tragic death of leicester city's owner has put the spotlight on a family running a duty-free business empire. search is underway as a lion air flight crashed in the java sea off indonesia. let's get the first word news. hsbc shares have surged in hong kong after the bank showed progress in maintaining its costs. 16%sted pretax profit rose to $6.19 billion versus the average analyst estimate of $5.73 billion. revenue grew by 9% and hsbc reported the jaws figure is rising in the right direction indicating they have been able to raise revenue faster than costs. are encouraging and so potential for revenue growth. mores to buy red hat for than $33 billion in what will be its biggest ever activision -- biggest ever acquisition. over their cost. red hat revenue is expected to top $3 billion this year and th

and i think with the chancellor that this is a kind of shot across the boughs of philip hammond.and find £20 billion to pay for the nhs, because if you remember earlier this year this huge nhs crisis over looking after patients, and so forth, and they were right at the edge, and the tories, as well, didn't want to be outflanked by labour on the nhs. theyjust said we will give £20 billion by 2023. they have to find some money down the back of the sofa, a lot of money, andi back of the sofa, a lot of money, and i think philip hammond is looking at various tax measures such as the freeze on tax duties, which have been frozen for the last eight yea rs. have been frozen for the last eight years. what is quite interesting is that they didn't give much away, the budget is coming up on 29 october where you would expect a lot more policies will be unveiled, but philip hammond gave in summer rae gave an indication that taxes will have to rise —— philip hammond gave an indication. either way, a conservative government might have to raise taxes as well. let's turn page two of the sun, the sa

in sydney says philip hammond's intention, just a comment. —— i'd don't think this is hammond's intentionital, that is a mistake. this is about later. —— d'etat. —— data. the creator of the world wide web is concerned about how data is being managed. the uk institute ethics and artificial intelligence specifically focused on education. this is interesting. it is about you having your own data in what is called our pods that you create. a piece of technology. essentially, other applications can request your data from your pod. so you have control over what is going and what is coming. there is a question about what is data ? is coming. there is a question about what is data? what are they collecting behind—the—scenes so that if the debate. people are saying, well, the technology is not that great and it might fail but this is a move in the right direction. the public is sceptical about data.” a move in the right direction. the public is sceptical about data. i am hitting pause because i am wanting to viewers to have their say. we have heard from jarrah and who says on everything possible i

tucked away as the red box of philip hammond, a look ahead to the end of this month and the budget andth works out stop .he . he did >> theresa may did get a good reception in the papers, and theresa may said that it's all going to be worth it, and next time we have a statement, that is going to be the end of it and if you watch the tv coverage, the close of the philip hammond, he was looking i see! he must‘ve known and they're saying, a 35 billion pound budget hole, philip hammond has a huge problems on the budget in a following theresa may's come from state and austerity, the nhs of your duties as a left treasury, as they say, with a hopping grate some. they say this doesn't work, af and added problem and that she said austerity is over, so and that she said austerity is over, so there is money for my department? they were saying that there was nothing. saying it was all their spending on. i think that means that they cannot go into bad indeed even more money and say, i think that phrase whenever more repercussions and theresa may had hoped. seminar we we re and theresa may had hoped

phillip hammond said the e.u. is up for a brexit break through. businesses are sitting on their hands as uncertainty continues >>> and italian bond yields resume their rise despite trying to show how positive his budget targets are ahead of his meeting here in luxembourg. >>> and ryanair is below 100 as the strike impact hits fares and traffic. >>> good morning, everybody. happy monday we are just getting some data crossing out of europe the pmi numbers have just come in september final manufacturing pmi has come in at 53.2. this is lower than the estimate of 53.3 and lower than 54.6 number we got in august. it was largely anticipated for there to be a little bit of a jog versus where we were in august that is what we're seeing this morning. euro currency has dipped .1% weaker on the session. the final manufacturing export orders, all looking at the export orders closely given the environment that we're in, came in at 60.2 that is slightly higher than the slashed estimates of 50. that is the numbers that we've got for this morning after getting va

if philip hammond wants to balance the books by the middle of the 2020s, he will have to cut spending taxes. the second thing is that this whole posterity thing, this is the labour party's agenda. this is what worried me about to reason mac's speech. if you look at the public spending figures, we are spending 800 billion per year, it is 38.5% of gdp. surely, this is an posterity. i prefer gdp. surely, this is an posterity. i p refer to gdp. surely, this is an posterity. i prefer to see it that this is normalising public expenditure after the slower edge —— the splurge in the slower edge —— the splurge in the 2000s. politicians don't think the 2000s. politicians don't think the way i think and i am alone in this. this has to be paid by taxation or something along those lines. the tax to gdp ratio is projected to be the highest since 1969 this year. come on! £800 billion is a lot of money. the ifs, highly respected, says that philip hammond will have to find 19 billion if the government will stick to that page. philip hammond must put his head in his hands every time theresa may makes a

here was philip hammond, earlier at an engineering firm down the road from the conference centre.o roll up at the lectern in the hall, a deep pocketed conservative donor had already had a pop at him and theresa may. i think the prime minister has let herself down personally by not being a champion of business to the extent that she could be or should be. you might make the legitimate excuse that she is so busy on brexit, she has not been able to focus on it, but post—brexit, this is one of the key things that the conservative party must address. where it stands on enterprise and innovation. when the chancellor did get back to the conference centre, he struck back. business came first, he said. that is why we back business. we back business as the cornerstone of a successful economy. as a force for good in our society, and as an essential expression of our values. where possible, on the main hall, and on the fringes, conservatives are trying to talk about stuff other than brexit. but pretty much every conversation comes back to that topic. it is the goliath stalking these corridors

thank you to mr hammond for that.oefully short of meeting the huge funding crisis that schools are facing. and i'm sure schools will use that money wisely and will put it towards capital projects, it, refurbishment, renovations, the things that they actually cannot afford to do currently. however, the rhetoric is really telling and disappointing because the little extras, we have run out of extras anyway. we are really stripping back to the bone now as to what we can actually afford to do in schools. what would you like to be able to do? isa what would you like to be able to do? is a matter of staffing? is it more teachers, more teaching assistants? what is it you have not the money to now was not i'm glad you mentioned teaching assistants because of this funding given to date might help us afford a school like ours to be one more teaching assistant. i realise that's not what funding is actually for. we would wa nt to funding is actually for. we would want to be able to retain and recruit teachers like many schools, w

i think he is also having a pop at philip hammond, the chancellor, as well, who spoke earlier today.0 billion by 2023 into the nhs, and what he is kind of floated, what philip hammond has floated over the la st philip hammond has floated over the last few weeks, it is that he will get taxes, particularly this being a freeze on tax duty for the last eight years, which could bring in lots of money. the freeze on fuel duty. the freeze on fuel duty, yeah. so they're looking down the silver for money here. what boris is saying is that we shouldn't look to ape corbyn, and it is agreed thatjeremy corbyn, and it is agreed thatjeremy corbyn give quite a good speech last week at the labour

chancellor phillip hammond will deliver his last budget before brexit today.tal health services in england as part of a £20 billion boost for the nhs, which was announced injune. but the chancellor is under pressure to find extra funding for other public services after years of austerity. political correspondent ben wright reports. a mid—afternoon budget on monday is very unusual, and so is the backdrop to philip hammond's statement later, because with the uk set to leave the eu in five months‘ time, he doesn't know if there will be a brexit deal with the eu or not. the impact on his plans for the economy could be huge. but some commitments have already been made. the government has promised to set aside an extra £2 billion a year for round—the—clock mental health support in major a&e centres in england. there will also be more specialist ambulances and new dedicated mental health teams in schools. the money is part of the £20 billion boost to nhs funding announced in june. the treasury has also set aside a £30 billion package for england's roads, with money t

and what tax could philip hammond put up that could philip hammond put up that could get through the commons, we have been talking about that and we cannot think about any. but this is the dream answer, to find this amount of money from nowhere. because tax receipts have been underestimated. that is the dream scenario. with all assumed he was not going to do any risky tax rises, this absolutely confirms, this undiscovered money. of course some conservatives in the party would say this is why we have low corporation tax because then you have these higher receipts. the anti—communist rhetoric is what the tories are trying to espouse. we have deceived the figures add up. the metro carries the story about plastic in our bodies. we have a lot of campaigns trying to reduce unnecessary use of elastic. and a p pa re ntly unnecessary use of elastic. and apparently we are all ingesting it is not just through fish apparently we are all ingesting it is notjust through fish but apparently we are all ingesting it is not just through fish but through the air, water, withers knows what else. and wit