the institute for fiscal studies suggests philip hammond may have to increase borrowing and says many public services haven't benefited. if i was a prison governor, if i was a head teacher, if i was running a local authority, i wouldn't be breaking out the champagne just yet. we'll be taking a closer look at who benefits and who's losing out. also tonight... 32 years after suzy lamplugh disappeared, police start digging up a garden in the west midlands. the trialfor the murder of two schoolgirls — drama in court as the father of one of them is suddenly accused. it's the size of western europe but this rare landscape here in brazil is increasingly at risk because of oui’ is increasingly at risk because of our need for cheap food. and wayne rooney on his new life living and playing football in the united states. a bit more relaxing for us as a family, i think. if you want to go to the supermarket or you want to pop out and get a coffee then it's quite easy to do. and coming up on bbc news: fans flock to sign books of condolence in leicester — in memory of five people who died in a helic

in the package from the institute for fiscal studies, they said that look at the money for the healthow, it gobbles up £4 out of every £10 sent in the long—term future. in the long term, that is unsustainable u nless the long term, that is unsustainable unless the chancellor is willing to except tax rises. we have a spending review next year and again the institute for fiscal studies one and a lot more money goes to the nhs, roughly speaking, other departments would not see any increase that would not see any increase that would mean some areas might continue to seek cuts. so he still have this political argument to make that he is actually in the process of ending austerity. labour will so that isn't the case, government argument reiterated by the prime minister again today is that ending austerity is not simple giving department for money and public services more money, it is a putting more money into people's pockets. so they are also defending what they have had some criticism, minor criticism after seeing the backbenchers over timing of tax cuts and including the higher rate for

bodies like the institute for fiscal studies have warned that many, for fiscal studies have warned that any for fiscal studies have warned that many, many families could be up to £1800 a year worse off, and thejohn major warned that could be seen as unfair by voters and there could be a political backlash against the conservatives. in order to introduce something like universal credit, you need to look at those people who in the short term are going to lose and protect them, or you will run into the sort of problems that the conservative party ran into with the poll tax in the late 19805. so the principle has a great deal to commend it but it isn't workable if there aren't the resources to introduce it properly. and to find someone on a very low introduce it properly. and to find someone on a very low income suddenly losing £2400 a year is a substantial amount, and the argument that it substantial amount, and the argument thatitis substantial amount, and the argument that it is to encourage people to get into work isn't an argument that runs, to me. for younger viewers, let me tell you

was coming to an end, but the institute for fiscal studies warned today that many public services will continue to feel squeezed for some time to come. we're joined via webcam by graeme mcdonald, the managing director of solace, a group representing senior managers in the public sector. what was your reaction to what the chancellor had to say yesterday? austerity has come to an end or is coming to an end he said. is that how it feels on the front line for councils around england ? how it feels on the front line for councils around england? no, it doesn't. as the ifs said this morning, for a chief exit or a local authority, looking at their own services, they will be wondering where the money is coming from a couple of years —— chief executive. some sticking plasters have been put over some areas. but we still have a long way to go before we have certainty and stability for local

the institute for fiscal studies say house prices have risen by 173% in two decades, far outstripping growth in pay. here's our personal finance correspondent simon gompertz. every home has an owner, but often now, it's someone older renting to young tenants, who can't afford to buy. in her 20s is florence, who lives in reading and feels she's effectively been shut out from purchasing a home. i don't think i'll ever be able to get on the housing ladder based on my own income and my own salary without the help of parents or my partner, because of the area of the country that i want to live in. these house prices are just driving up and up and rental prices are driving up and up. one idea the chancellor may be considering for his budget is to make it easier for tenants to buy the homes they're renting by giving them some of the capital gains tax, which the owner should have to pay on selling and refunding

the institute for fiscal studies says 40% of young adults cannot afford to buy one of the cheapest homes in their local area. the latest figures show that just over a third of 25—34 year olds are homeowners. that's down from more than half two decades ago. the biggest falls have been among those on middle—incomes. 0ur consumer affairs correspondent colletta smith reports from york. be careful with it. well done, darling. these two colleagues have been friends for years. they are the same age and they even have the same name. 0k, have you got nice clean hands? but for becky and rebecca, things have panned out differently when it comes to buying a house. i've a homeowner the two years now. i've been renting for eight years. i've been saving up since i was 15. it feels like because we have both lived here for a long time and we love it here, and i feel i know that i can't stay living here, when i move house next, i will not be moving within the same area that i am in now. i am going to have to move at least five miles, maybe up to ten miles outside of the city to get an affordable home that

that's according to the economic thinktank the institute for fiscal studies, which says it could leadhigher borrowing and debt in coming years. and despite his claim that austerity is coming to an end, philip hammond has acknowledged there will be no "real terms" increase in public spending apart from on the nhs. our economics editor kamal ahmed has been looking at looking at the impact of the budget, the spending pledges and the changes to income tax. picking the best fruit and veg in leeds the day after the budget. and who, if anyone, is looking forward to those tax cuts the chancellor announced just a day earlier? he promised to leave people with a little more to spend. i'm a teacher on £29,000 a year, so it will help me about £10 a month, but overall i think, with the cost of food and whatever, it will probably mean that i'm no better off. i think it's a good thing. you know, the more the lower—paid don't have to pay before they pay tax, the better it is. i'd rather see it go towards schools, the national health service, all the things we all benefit from, because little amounts l

the institute for fiscal studies that did the research says a steep rise in property prices is being nomist at the institute for fiscal studies. what are the greatest barriers to home ownership for young adults? is it just about is itjust about money? that really is the key. over the last 20 years in the uk the incomes after adjusting for inflation for young adults rose by about 20%, but property prices are up 173%, and fundamentally that just brings property prices are up 173%, and fundamentally thatjust brings up the amount that people have to borrow such that they are just not able to any more, even if they have raised a 10% deposit. so what can be done about this? we heard theresa may announcing last week in her conference speech the removal of the cap on lending in terms of local government, that kind of thing, when it comes to housing. is enough being done? fundamentally, the government, if it wants to address this issue, the key thing to do is to have a system of planning which allows for more construction in areas of the country where people want to live and where the prices a

but the institute for fiscal studies said two other things which are very interesting. al priority for the government, but they are seeing other government departments may not necessarily see any increases and some may be facing cuts. we asked the prime minister‘s spokesperson about this and they would not quite put it like that but they did make it clear that these decisions will be taken in the spending review next year, so it is not a case that other areas will necessary see such a great bounty. and the nhs on course for swallowing up £4 out of £10 spent on public services in the future, something the ifs as is unsustainable unless there are tax rises further down the line. the other area of controversy is what prostitutes austerity and the end of austerity. the prime minister said today that she sees ending austerity not just by putting today that she sees ending austerity notjust by putting more money into public services but by putting more money into people‘s pockets, in other words justifying tax cuts. but also the shadow chancellorjohn mcdonnell has come in for

the leading think tank, the institute for fiscal studies, says it believes yesterday's budget is a gambleinances and the chancellor may have to borrow more in future. after analysing the figures, the independent research group says the big winner of the budget is the nhs but other public services will continue to feel the squeeze. the ifs also highlighted big gains for two and a half million families on the government's new flagship benefit — universal credit. some will be £600 better off a year. 0ur political correspondent leila nathoo reports. 0ut out on the factory floor this morning the chancellor philip hammond keen to hear how yesterday's budget has been received. he's lifted the brakes on public spending, insisting pure households will feel the greatest effect. looking at the whole package of measures we delivered yesterday, not just personal income tax cuts but all the other measures and you analyse how they affect people across the income scale, its people at the bottom end of the income scale that benefit the most and the analysis clearly shows that. out of his red box came more

the institute for fiscal studies said the better off would gain more from the tax changes.rning over £50,000 a year would be on average £156 better off. people earning between £12,500 and £50,000 would gain £21 a year. hello, nice to meet you. meeting apprentices in lincolnshire, phillip hammond insisted that increases for things like universal credit meant poorer people were being supported. if you look at the whole package of measures that we delivered yesterday, notjust the personal income tax cuts but all the other measures, and you analyse how they affect people across the income scale, it's people at the bottom end of the income scale that benefit the most. the analysis clearly shows that. two fascinating figures in today's ifs report. in the year 2000, less than a quarter of all spending on public services went on health. by the year 2024, that figure will have risen to a0%. in the league table of public spending, all other departments have fallen way behind. what is five multiplied by... like education. £400 million of new spending announced for schools, slightly le

a report by the institute for fiscal studies says philip hammond will have to choose between substantiallancing the books by the mid 2020s. pauljohnson is the director of the institute for fiscal studies and hejoins us now fom the london stock exchange. good morning, paul. it is quite a bold claim from the prime minister that she wants to end austerities, you are saying the numbers don't add up. well, it is a pretty bold claim given that the conservatives went to the electorate just over a year ago saying that they were going to close the deficit completely by the mid 20 20s. well, if you want to end austerity, that will mean spending around 19 or £20 billion more at an absolute minimum by 2022 than is currently planned, so if you are going to spend an extra billion or so, given where we are with borrowing at the moment, you are not going to close the deficit entirely a couple of years after that. and thatis a couple of years after that. and that is just a really big choice that is just a really big choice that the chancellor faces and, of course, the pressure to end austerity is really

likely to be hit by post—brexit trade barriers, according to new research out today by the institute for fiscal studiesu are particularly at risk. one of unilever‘s biggest brands, marmite, is famous for its slogan "love it or hate it". and it seems that's exactly how divided investors were over unilver‘s plan to close its london headquarters and go completely dutch with one hq in rotterdam. it makes many big brands including dove soap, ben &jerry‘s ice cream and pot noodles. but unilever has done a u—turn on its plan after it found strong opposition from some of its big institutional shareholders. unilever‘s current structure with two headquarters has existed since 1930, when dutch margarine firm unie merged with british soap maker lever brothers. earlier we spoke to, simon french, chief economist, at panmure gordon. you can trace this initial decision from unilever to try and do a single headquarters in the netherlands down to two factors. first, in february 2017 the american giant kraft heinz launched a hostile takeover of unilever and that spurred the management of unilever to look at how they coul

the institute for fiscal studies said the better off would gain more from the tax changes.ple earning over £50,000 a year would be on average £156 better off. people earning between £12,500 and £50,000 would gain £21 a year. hello, nice to meet you. meeting apprentices in lincolnshire, phillip hammond insisted that increases for things like universal credit meant poorer people were being supported. if you look at the whole package of measures that we delivered yesterday, notjust the personal income tax cuts but all the other measures, and you analyse how they affect people across the income scale, it's people at the bottom end of the income scale that benefit the most. the analysis clearly shows that. two fascinating figures in today's ifs report. in the year 2000, less than a quarter of all spending on public services went on health. by the year 2024, that figure will have risen to a0%. in the league table of public spending, all other departments have fallen way behind. what is five multiplied by... like education. £400 million of new spending announced for schools, sligh

as we've been hearing, the budget has been branded "a bit of a gamble", by the institute for fiscal studieshe 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. we're going to hear more about the budget now. lots of measures that will affect the money in your pocket have been announced in the speech, including the tax threshold. a total of 31 million people pay income tax in the uk. some 25.6 million of these taxpayers pay income tax at the basic rate. the amount you can earn each year before this basic rate of income tax is paid — called the personal allowance — stands at £11,850 at the moment. in april, this will change so the first £12,500 of earnings. a bit ofa a bit of a windfall for people who come under that category. joining us now is sarah coles, personal finance analyst, at hargreaves la nsdown. details of what will happen on lower earning brackets, what about higher earning brack

the financial times talk about the institution for fiscal studies.mond wants to balance the books by the middle of the 2020s, he will have to cut spending will increase 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

the impact on low income families, following research by various organisations like the institution for fiscal studiesggested for example to 3 million families could be worse off to the tune of £1800 a year. sirjohn warned of a backlash against the conservatives. have a listen. in order to introduce something like the universal credit, you need to look at those people who are in the short term going to lose and protect them, or you will run into the sort of problems that the conservative party ran into with poll tax in the late 19805. so, the principal has a great deal to commend it. but it isn't workable if there aren't the resources to introduce properly. and to find someone on a very low income suddenly losing £2400 a year is a substantial amount and the argument that it is to encourage people to get into work isn't an argument that runs to me. what is interesting is that sirjohn major did mention that many conservatives also appeared uneasy about the roll—out, the tory mp nigel mills saying in the past hour that he thought the roll—out should be paused. the chairman of the committee frank field jo

the influential institute for fiscal studies has given its reaction to the budget.ing plans are a bit of a gamble based that it was predicated on lower borrowing. concern about brexit overshadows the budget. the pound is trading at levels not seen since mid—august, as concern about brexit overshadows philip hammond's "giveaway" budget. wh smith has said it will buy us airport retailer inmotion for £155m. the us firm sells things like iphone chargers and laptop accessories at 114 outlets across america. the deal is set to double the size of wh smith's international travel division, which has been one of the strongest parts of its business of late. hello, welcome to the business news this afternoon. profits at oil giant bp more than doubled between july and septemeber, helped by stronger oil prices and higher production from new oilfields. over the past three months, the price of brent crude oil has averaged $75.07 a barrel, up 44% from a year earlier. now, if you are wondering why you should care if you're not a bp shareholder — it's a company that features heavily i

i've been speaking to the institute for fiscal studies and they have published a major report on historicid if you look at total uk wide health spending that in the overall post—war period has gone up by 3.7% here on average which is more than 3.4%. fail so said if in the future any government would like to improve the service that funding would need to go up by 496 that funding would need to go up by 4% of 5% a year and tony blair increased health spending by 6.1% a year. that puts the government ‘s announcement in context. listing to those figures, you are putting under by 3.4% in england overfive years but in order to improve the service it would have to got by between four and 5%. as well as the money we have also got a package of reforms to improve the way the money is spent. your analyst mentioned many that was putting in the tony blair era but there is a broad consensus that money was put in and didn't get as much as it could have done because you need to drive value for money. what with the levels of satisfaction in the nhs at the end of the tony blairera? in the nhs at the end of

inflation linked rise and that is how much these households are losing according to the institute for fiscal studiesold than otherwise they would have been. one otherwise they would have been. one other upside to this news, less pressure on the bank of england to raise interest rates any time soon. market traders are now betting that will not happen until may of next year at the earliest. thank you. three anti—fracking activists — who were sent to prison for causing a public nuisance at a protest against the energy company, caudrilla, are to be freed after a decision at the court of appeal. simon blevins and richard roberts had both beenjailed for 16 months, while rich loizou was sentenced to 15 months. jenny kumah is at the court of appeal in central london. what has happened today? this is a significant victory for the three men. they had beenjailed, this is highly unusual for a sentence to be passed in this case and their lawyers argued but they had shown no violence and no damage in the protest which lasted for four days. there was widespread disruption but they said the sentence was excessive.

to cover the extra spending and still get the deficit down, the institute for fiscal studies has workedit still wouldn‘t be ending the welfare cuts — where the government saves £7 billion and benefit recipients see their incomes fall. with the budget coming up in just under two weeks, the government‘s committed to tax cuts and cutting the deficit as well as spending rises and ending austerity. the economic logic is — something has to give. andy, thank you for now. the us secretary of state mike pompeo has met king salman of saudi arabia, and told him he is deeply concerned about the disappearance of a saudi journalist. jamal khashoggi — a critic of the crown prince — hasn‘t been seen since he entered the saudi consulate in istanbul two weeks ago. reports in the us media suggest the saudi government is preparing to say that mr khassoggi died accidentally while under interrogation. mark lowen is in istanbul. so, a full two weeks, where is the investigation today? well, saudi and turkish investigators spent the whole night inside the saudi consulate here in istanbul. they will be other con

the institute for fiscal studies says 40% of young adults cannot afford to buy one of the cheapest homes show that just over a third of 25—34 year olds are homeowners. that's down from more than half two decades ago. the biggest falls have been among those on middle—incomes. 0ur consumer affairs correspondent colletta smith reports from york. be careful with it. well done, darling. these two colleagues have been friends for years. they are the same age and they even have the same name. 0k, have you got nice clean hands? but for becky and rebecca, things have panned out differently when it comes to buying a house. i've a homeowner the two years now. i've been renting for eight years. i've been saving up since i was 15. it feels like because we have both lived here for a long time and we love it here, and i feel i know that i can't stay living here, when i move house next, i will not be moving within the same area that i am in now. i am going to have to move at least five miles, maybe up to ten miles outside of the city to get an affordable home that suits my needs. i'm not asking fora man

some people like the institute for fiscal studies have said if you want to end austerity and stop cutting, you have to do cost about £19 billion. at the same time you take money off benefit recipients by about 7 billion. all these forecasts depend on their being a dealfor billion. all these forecasts depend on their being a deal for brexit. billion. all these forecasts depend on their being a dealfor brexit. if there is not a dealfor brexit, all bets are off. andy verity, thanks. our assistant political editor norman smith is in downing street. is there a sense that the treasury and philip hammond feel their hands have been tied somewhat by theresa may's comments at party conference that austerity was going to come to an end? it is striking, there has been a deliberately low—key build—up to this budget, in part because it has been billed by philip hammond as the waiting for brexit budget. you sense within downing street there is some angst that the reputation of mr hammond, which is that of a bit of a glum bucket, has gone down in expectations and it may not be possible to ease austerity

institute for fiscal studies says this means higher borrowing and higher taxes.ent, two incompatible offers to the electorate. what is incompatible about them. to the electorate. what is incompatible about themm to the electorate. what is incompatible about them. it will be ha rd to incompatible about them. it will be hard to both balance the books and end austerity. even a minimal definition of austerity would, given the government's definition of austerity, need at least £19 billion extra to end austerity. that will be enough tojust extra to end austerity. that will be enough to just avoid cuts to unprotected departments, so areas outside health, defence and aid. if you spend an extra £19 billion, then eliminating the deficit is harder. adding an extra £20 billion would make it hard to eliminate the deficit and end austerity. so the government wants to have its cake and eat it, what has to give for this to happen? well, of course, the government could choose not to end austerity and choose to continue the spending squeeze. it could also choose to abandon its ta

manualjobs are more likely to be hit by post—brexit trade barriers, according to the uk's institute for fiscal studiesn industries that sell a large amount to the eu are particularly at risk. a number of studies have indicated that people with lower or no qualifications were more likely to vote leave. sunday sees the first round of a general election to choose brazil's new president and national congress. the two frontrunners have very different views on how to fix serious problems faced by latin america's largest economy. brazil is emerging from its worst—ever recession. it posted growth of i% last year — after shrinking the previous two years. the brazilian currency — the real — has slumped over the past year, though it's regained some ground in recent weeks. that's partly due to the rise in the opinion polls of controversial right—wing candidate jair bolsonaro. he's promising to bring brazil's debt under control, with privatisations and austerity. against him is fernando haddad of the left—wing workers party or pt. he's proposing more government spending and taxes on business and investors. edward

research by the institute for fiscal studies has found that about 40% of young adults cannot afford toer the two decades, and salaries only rising 19%. a quick look at the markets. a bit of volatility on the ftse100 because we are in october which is when we start getting forth good earnings and start to look at the economy and that could filter through to some nervousness from investors. they don't really like what we're seeing and there could be some big moves in next few days. 0il prices slightly down at still above $80 a barrel. we are talking about whether $100 a barrel is in sight and upend —— potentially it could be that which can effect the price of all sorts of things, not least the battle in your car. many thanks. the winner of the royal institute of british architects' most prestigious award, the riba stirling prize, will be announced next week. the nominations to become britain's best new building include a student housing development, a cemetery, and a nursery school. we'll look at each building in the shortlist over the next few days, and today it's the turn of bushey cem

the institute for fiscal studies says the situation has worsened, as wages have failed to keep pace withnants. we'll have all the details shortly. do let us know how you are finding things and what your experiences are. one in three girls have been sexually harassed in public whilst wearing their school uniform. that's according to a new report. the children's charity plan international uk surveyed more than a thousand females aged between 14 and 21. many said they felt street harassment was just part of growing up. we can speak now to 18—year—old maisie allen, who was was just 12 when she was first sexually harassed in the street. she had agreed to waive their right to anonymity. and tanya barron, chief executive of the charity plan international uk, who are calling on the government to recognise harassment in public as a form of gender—based violence. you were 12. what happened?” remember being out walking in public andi remember being out walking in public and i was literallyjust walking to the bank and i was wearing leggings and ajumper. i remembertwo the bank and i was wearing leggi

the institute for fiscal studies said house prices in england have risen by 173 percent in the last twofident than ever that the impacts of climate change are playing out now, in the severity and frequency of droughts, storms, and other extreme weather events. and, having gathered in the south korean city of incheon for the past week, climate change researchers and government delegates hammered out the final details of a dramatic report outlining the consequences of a global temperature rise of more than 1.5 degrees, and a plan for precisely how that can be prevented. so, the scale of the changes that we are experiencing in the climate system is unprecedented. the scale of the changes that humans would have to implement in order to keep climate change under control is unprecedented. so it‘s a challenge for human civilisation, and this report is therefore a milestone in conveying that message to human society. countries need to up their ambition and get moving now with climate change action if we're going to keep 1.5 degrees within reach. with no action, the world is on course to breach

institute for fiscal studies saying, if they want which evil these things, they can do that with taxmuch before the budget. it's often in the lead up to it. what they did say was the aim was to pay down the national debt to support public services and keep taxes as low as possible and what they point out, the reason they are going to do this, scrapping the public sector pay and give extra funding for the nhs and they provided them for example sister how they will be ending austerity which sounds like they were looking at ending austerity on some, not all. we will find that when the budget happens in a couple of weeks time. that is a brilliant explainer. thank you very much indeed. it can get really pop ca rd much indeed. it can get really pop card —— it can get really confiscated. so many numbers being thrown around. she is the most successful british winter olympian of all time, winning back—to—back gold medals. but after a decade of hurtling face—first down a skeleton track at 90 miles an hour, lizzy yarnold has announced her retirement. she's won every major title in her sport and

the institute for fiscal studies says house prices in england have risen steeply over the past two decadesa tax break to help long—term tenants to buy their home. over a million people turned out in liverpool to bid farewell to the giants — a street theatre show put on by a french arts company. the event, called liverpool's dream, involved a giant man figure, a boy and a dog called cholo moving through the streets over four days. it was the giants' final worldwide appearance. the pictures of the crowds look staggering. so many people turned out to see the show and what a shame, they say it is the final time. it is a bit like gulliver's travels! i was thinking, i am not going to correct it. he just jumped i was thinking, i am not going to correct it. hejustjumped in. i was thinking, i am not going to correct it. hejustjumped inlj thought, people might watch at home and say, he got it wrong. lilies. wasn't it beautiful? some of the shots from the top of the building we re shots from the top of the building were gorgeous. i love the way they get the giants and wake them up. they start asleep.

likely to be hit by post—brexit trade barriers, according to analysis out today from the institute for fiscal studiesxtensive trade links with the european union, with 44% of uk exports destined for the bloc, and more than half of import. a government spokesperson said it had proposed frictionless trade between the uk and the eu. young people in the uk are losing the savings habit, according to figures out today from the office for national statistics. more than half of 22 to 29—year—olds living with no savings at all, some 53% of this age group have nothing in a savings account or individual savings account. the squeeze on pay and the prevalence of insecure work mean many cannot put money aside. ten years ago, at the start of the financial crisis, 41% had no savings. among those who are saving now, seen in the chart below, nearly four in ten have no more than £1,000 tucked away. waitrose is to test a delivery service which will allow drivers to enter a customer's home while they are out, and put their groceries away. the trial uses smart lock technology to allow customers to set an access code for t

the institute for fiscal studies says it gambles with public finances, and may lead to borrowing morebudget has been received. he's lifted the brakes on public spending, insisting poorer households would feel the greatest effect. if you look at the whole package of measures that we delivered yesterday — notjust personal income tax cuts, but all the other measures — and you analyse how they affect people across the income scale, it's people at the bottom end of the income scale that benefit the most, and the analysis clearly shows that. out of his red box came more money for the health service, for defence and for those on universal credit. he needed to fulfil the promise of his downing street neighbour. the prime minister, this morning in norway, maintaining a new economic era was approaching. what we saw in the budget yesterday was, yes, austerity is coming to an end. what those that mean? we will continue to ensure that debts falls and give more support to our public services and we'll set out our new approach in the spending review next year. the budget yesterday was an attempt to

the institute for fiscal studies say house prices have risen by 173 per cent in two decades — far outstripping who can't afford to buy. in her 20s is florence, who lives in reading and feels she's effectively been shut out from purchasing a home. i don't think i'll ever be able to get on the housing ladder based on my own income and my own salary without the help of parents or my partner, because of the area of the country that i want to live in. these house prices are just driving up and up and rental prices are driving up and up. one idea the chancellor may be considering for his budget is to make it easier for tenants to buy the homes they're renting by giving them some of the capital gains tax, which the owner should have to pay on selling and refunding the rest to the owners themselves. the aim would be to change the situation in which just 61% of young adults with a deposit already and with a mortgage of four and a half times their salary can afford to buy the cheapest home in theirarea. it may sound like quite a lot, but it compares with 93% of young adults in the same position who coul

how do you deal with the charge from the institute for fiscal studies that it does nothing like a bonanzaost of the planned welfare cuts are still on the books, thatis welfare cuts are still on the books, that is true? when you mention wealthier, the total amount in the next five years, we will be putting in to ease the pressures around universal credit, in excess of £5 billion, on top of the 1.5 billion at the last budget. 0ther billion, on top of the 1.5 billion at the last budget. other measures such as the reduction of the taper for those transitioning into work. what of the other welfare cuts that are still on the books? we are putting in more money around universal credit. we have a review coming up next year and in that review we will of course assess all the budgets that are in this dream. we will make decisions at that particular time. the overarching thing that is happening here is we are managing to support our public services more than before, we are able to bear down on cost of living issues for people, whilst at the same time supporting those vital businesses that are the en

year if it is to uphold theresa may's promise that "austerity is over," according to the institute for fiscal studiesstitute also says chancellor philip hammond will face increasing borrowing and taxes, as the pledges to raise nhs spending and balance the books by 2020 are incompatible. president trump has said he is aware of unconfirmed reports that saudi arabia is preparing to say that the missing journalist jamal khashoggi died during an unauthorised interrogation at its consulate in turkey. 0fficials investigating the disappearance of the prominent saudi critic have been searching the building in istanbul. the us secretary of state mike pompeo has arrived in saudi arabia for a meeting with the country's leadership. offences motivated by prejudice against men could become hate crimes as part of a government review. figures released today are expected to show a spike in hate crime in england and wales. ministers say they want to make sure all vulnerable groups are protected in court, and are also looking to include misogyny and ageism. facebook has brought in new rules for political advertising on

the institute for fiscal studies has said that 75% of the social security cuts announced in 2015 havell now end as she said last week? cani now end as she said last week? can i say to the right honourable gentleman that what we see in the changes we are putting forward in relation to welfare reform is encouraging people into work and making sure when they get into work, work pays. and i might also say to him, there are £2.a billion of unclaimed benefits under the legacy system of the labour party. that will be paid to people under universal credit. several hundred thousand people getting the benefits they are entitled to under universal credit for the future. and he asks me about what this government is doing in relation to the end austerity, and i have been very clear that there are better times ahead for people. we will see debt falling and we will see support for public services going up. austerity is being brought to an end. what is not being brought to an end is fiscal responsibility. mr speaker, the poorest third of households will lose £7a5 a year if these cuts go ahead. just t

record, the words that i coasted were from the words that i coasted were from the fridge —— institute for fiscal studiess, it was a broken promise budget and she knows it. with violent crime is rising, police numbers slashed and conviction rates down, why did the government failed to find a single penny for neighbourhood policing in the budget? cani the budget? can i say to the right honourable gentleman, first of all, we did put extra money into community policing in the budget. that was on top of the £460 million that has been made available for policing. that is in sharp contrast to what labour were saying at the 2015 election when they said police should take 10% cuts in their budget. mr speaker, this is just cuts in their budget. mr speaker, this isjust another example of the contempt in which the government holds police officers. who said that? not me. the police federation. no wonder the police federation. no wonder the police federation and police chiefs are taking the government to court over their pay. mr speaker, with school funding cut by a % per—pupil, does the prime minister and her chance

the institute for fiscal studies will provide more detail later this —— today on proportional terms.ou photos from cornwall and the south—west, where there has been sunshine. it hasn‘t been like that everywhere. rain affecting eastern areas. a strong wind in bridlington in east yorkshire. we will continue to see some outbreaks of rain in eastern areas through the afternoon. some showers, brisk wind. further south, the best of the sunshine. that continues into the afternoon. maximum temperature is between ten and 11 degrees. it will feel chillier than that. through tonight the rain will clear into the north sea, pushing towards scandinavia. patchy rain spreading to western pa rt patchy rain spreading to western part of the uk. with lengthy cure spells there will be a patchy frost as we go into wednesday morning. —— clear spells. a bit more cloud around on wednesday, and outbreaks of rainfor around on wednesday, and outbreaks of rain for western parts. average temperatures nine to 13 celsius. with you‘re watching bbc newsroom live. these are today‘s main stories. the chancellor, philip

in its pre—budget report, the institute for fiscal studies says that would mean higher borrowing andves went to the electorate just over a year ago saying they were going to close the deficit complete my by the mid 20205. deficit complete my by the mid 2020s. well if you want to end austerity that will mean around 20 billion at an absolute minimum than is planned. if you're going to spend an extra 20 billion or so, given where we are with borrowing, you won't close the deficit entirely. that is just a big won't close the deficit entirely. that isjust a big choice won't close the deficit entirely. that is just a big choice that the chancellor faces. of course, that is just a big choice that the chancellorfaces. of course, the pressure to end austerity is very serious. the costs that are being faced by local authorities, by the prison service, by the health service, by the social care system, are very substantial and you can understand where the prime minister's coming from. in other business news.... the event has been dubbed the davos in the desert and jm morgan's chief executive sai

and number crunching of crucial importance in someone here to help me is thomas from the institute for fiscal studies? based on the plans are chancellor set out in march and subsequent improvements for the nhs that implies quite large cuts to other areas of government over the next three years. he has some room for manoeuvre to change that slightly, to somewhat ease the squeeze but we think a minimal definition of meeting what the premise to promise of a new austerity would require at least 19 billion, and if you are to increase spending by that much it is hard to see how that would be consistent with his long—term objective is to eliminate the deficit entirely by 2020. people have talked about and having some extra money, the pathetic tax receipts were higher than he may have thought. how much does that amount to? and why has that happened ? does that amount to? and why has that happened? tax receipts are coming better than expected, that is good news for the chancellor. that helps somewhat. and it looks like the kind of tax receipts are doing better. that could be consistent with the economy growin

the schools budget in england has increased by 1% since 2010 according to the institute for fiscal studieseboards and books. some of the children who‘ll be speaking in parliament today are here to tell us what they will be saying. we asked for an education minister to come along too but no one was available. let‘s talk now to 8—year—old harry tart from hitchin, 17—year—old elodie fleet from nottingham, and 12—year—old edie from derbyshire. and also with us is alison ali from the save our schools campaign. welcome to all of you, thank you for coming on the programme. i want you to tell me about why you want to talk to mps today. what are you going to say? their rugby but being affected all over our country by the cuts that are happening. that might be some really talented children as a debt that they cannot do it because the cuts have made it that those subjects have been cut at gcl level that my gcse level. what subjects? it could be drama, music... what you want to tell mps? i want to let them know the effect it‘s having because there are people that could be the next van gogh but they ar

the institute of fiscal studies said house prices in england have risen by 173% over two decades, but average pay forjust i9% over the same period. china's central bank has cut the amount of cash banks must hold as reserves by one percentage point starting from 15 october. it is the fourth cut this year. policy makers are seeking to shore up the economy amid a worsening trade war. more now from the paris motor show, and we are talking concept cars today. to you and me, these are the cool cars money can't buy. take a look at this. these are the financial markets. we haven't got japan, their markets are closed for a public holiday. hong kong is down nearly i%, reflecting the losses we have seen in shanghai, and australia also down, a pretty negative day with even the price of oil heading lower. it is columbus day in the united states, equity markets will be open but the treasury will be closed, which gives markets in asia a bit of a breather from some of the trends we have seen lately. that's it for the business briefing this hour. the scottish national party leader, nicola sturgeon, has said her party

. >> just for the record the words that a quarter were from the institute of fiscal studies. nonprotected departments place a real terms cut of 4.1 billion. the prime minister promised austerity was over. the reality is it was a broken promise budget and she knows it. [shouting] violence, crime rising, police numbers slashed and conviction rates down, why did the government failed to find a single penny for neighborhood policing in the budget? >> can i say to the right honorable gentleman, first of all we did put extra money into policing in the budget. that was on top, on top of the 460 million pounds that has been the extra, that's been made available to policing in this year. that is in sharp contrast to a labour was saying in in the 205 election when he said the police should take a 10% cut in their budget. >> jeremy corbyn. >> mr. speaker, this is just another example of the contempt in which the government holds police officers. who said that? not me. the police federation. no wonder the police federation of police chiefs are taking the government to court over their pa