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Oct 29, 2018
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0ur economics editor kamal ahmed takes a closer look. today philip hammond certainly try to change the economic story of this government. away from cuts and controlling the nation's debts and towards spending and tax cuts. the ending of austerity, he said. next year ending of austerity, he said. 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.
0ur economics editor kamal ahmed takes a closer look. today philip hammond certainly try to change the economic story of this government. away from cuts and controlling the nation's debts and towards spending and tax cuts. the ending of austerity, he said. next year ending of austerity, he said. 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...
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Oct 10, 2018
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thank you very much, kamal ahmed, bbc economics editor.ll be watching these meetings taking place throughout the week for you on bbc world news, coming live from the imf and the world bank annual summit in bali. thank you for that. in other news there is increasing expectation that china might have to devalue its currency as its trade war with the us which you heard them talking about drags on. there is a tricky parfor about drags on. there is a tricky par for the central bank officials who have to find a balance between supporting economic growth and not triggering a massive outflow of money if the un depreciates too quickly. china is facing pressure after the central bank reduced the requirement rate, or rrr, for the fourth time this year, which was meant to lower financing costs and spur on growth but the move is expected to inject over $100 billion into the chinese economy, and at a time that there are worries that trade war would cause a slowdown. earlier i spoke with an economist and asked if china would devalue the currency and run
thank you very much, kamal ahmed, bbc economics editor.ll be watching these meetings taking place throughout the week for you on bbc world news, coming live from the imf and the world bank annual summit in bali. thank you for that. in other news there is increasing expectation that china might have to devalue its currency as its trade war with the us which you heard them talking about drags on. there is a tricky parfor about drags on. there is a tricky par for the central bank officials who...
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Oct 10, 2018
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kamal ahmed in bali. —— tweeted. let's brief you on some of the other stories making the news.n "is happening" and officials are working to set it up right now. he told reporters that it would take place after the mid term elections on november 6th. three or four locations are under consideration, although singapore probably won't be the venue again. the uk's supreme court is due to rule on the case of a belfast bakery whose christian owners refused an order for a cake with a slogan supporting same—sex marriage. the ashers baking company is appealing against a high court judgement that it had discriminated against the customer on the grounds of sexuality. austria's far right freedom party, led by heavy smoker, heinz—christian strache, is coming under pressure to hold a referendum on whether to ban smoking in bars and restaurants. the party insisted that a petition that collected nearly 900,000 signatures had not reached the threshold for triggering a vote. the hubble space telescope is operating with only essential functions after it lost one of the gyroscopes needed to point t
kamal ahmed in bali. —— tweeted. let's brief you on some of the other stories making the news.n "is happening" and officials are working to set it up right now. he told reporters that it would take place after the mid term elections on november 6th. three or four locations are under consideration, although singapore probably won't be the venue again. the uk's supreme court is due to rule on the case of a belfast bakery whose christian owners refused an order for a cake with a...
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Oct 3, 2018
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our economics editor, kamal ahmed. indonesia have set a deadline of friday to find anyone still trapped under rubble following last week's earthquake and tsunami. after that, they say there is little chance of finding survivors. at least 1,400 people are known to have died. 0ur correspondent, jonathan head, sent this report from palu, one of the worst—hit areas on the island of sulawesi. even now, five days after the earthquake, the tsunamis and the mudslides, the damage wrought on this part of indonesia still has the power to shock. some buildings crumpled... others were literally swallowed by mud. it was the mud that did for petobo, a neighbourhood to the east of the city. fields of rice, shaken loose by the earthquake, that poured down the hillside. it buried the mother and baby sister of fiona, not yet two years old, who was pulled from the mud by her older brother. she's being cared for by her aunt. translation: she often asks, "where's my mum?" "where has my mother gone?" i tell her we're still looking for her, o
our economics editor, kamal ahmed. indonesia have set a deadline of friday to find anyone still trapped under rubble following last week's earthquake and tsunami. after that, they say there is little chance of finding survivors. at least 1,400 people are known to have died. 0ur correspondent, jonathan head, sent this report from palu, one of the worst—hit areas on the island of sulawesi. even now, five days after the earthquake, the tsunamis and the mudslides, the damage wrought on this part...
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Oct 30, 2018
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kamal ahmed, bbc news.as visited the synagogue in pittsburgh where 11 people were killed in a shooting on saturday. the white house has rejected the suggestion that mr trump's rhetoric could be to blame for emboldening racist attacks. 0ne localjewish group has told him he is not welcome in the city. 0ur north america editorjon sopel reports from pittsburgh. awaiting donald trump's arrival, members of pittsburgh's jewish community gathered outside the tree of life synagogue to sing and to say kaddish, the prayers for those in mourning. the president flew into pittsburgh accompanied by the first lady, but also his daughter ivanka, who converted tojudaism when she married her 0rthodoxjewish partnerjared kushner. they first went to the synagogue were the 11 worshipers were gunned down, and in the entrance lit a candle for each of the 11 victims. next, they came outside to lay a small pebble from the white house grounds, and white roses at each of the stars for the victims. the rabbi accompanied them, saying a p
kamal ahmed, bbc news.as visited the synagogue in pittsburgh where 11 people were killed in a shooting on saturday. the white house has rejected the suggestion that mr trump's rhetoric could be to blame for emboldening racist attacks. 0ne localjewish group has told him he is not welcome in the city. 0ur north america editorjon sopel reports from pittsburgh. awaiting donald trump's arrival, members of pittsburgh's jewish community gathered outside the tree of life synagogue to sing and to say...
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Oct 3, 2018
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laura kuenssberg and kamal ahmed, thank you both.bridge attack has criticised shortcomings in security at westminster, and says the death of pc keith palmer may have been prevented. relatives, survivors and the police have been giving evidence at the old bailey during the three—week hearing into the attack last year, which killed five people. our home affairs correspondent, daniel sandford, reports. the last calm moments of what had been just another westminster spring day. american tourist kurt cochran with his wife melissa, pensioner leslie rhodes returning from hospital, aysha frade texting her husband on her way to pick up her kids from school, andrea cristea, a tourist from romania, and pc keith palmer manning the main gates to parliament. but in 82 seconds of terror, they were all left with fatal injuries. the shocking deaths produced searching questions, not least about armed policing in parliament. pc keith palmer's wife said he was left alone and unarmed at the gates of the house of commons. his attacker, khalid masood, were
laura kuenssberg and kamal ahmed, thank you both.bridge attack has criticised shortcomings in security at westminster, and says the death of pc keith palmer may have been prevented. relatives, survivors and the police have been giving evidence at the old bailey during the three—week hearing into the attack last year, which killed five people. our home affairs correspondent, daniel sandford, reports. the last calm moments of what had been just another westminster spring day. american tourist...
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Oct 30, 2018
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kamal ahmed, bbc news.rs and parents have reacted with fury to the chancellor's announcement in the budget that schools in england will receive a one—off payment of £400 million to pay for what he called "little extras". england's school leaders have been campaigning for some time for more money, saying they're having to lay off teachers and can't afford to buy essential equipment. 0ur education editor branwenjeffreys has more. it was meant to be good news from the treasury, but calling it cash for "little extras" has dug a bit of a political hole. teachers took to social media with suggestions. a luxury car for a day, a few more glue or glitter sticks. some schools offered to dig potholes. road repairs gotjust as much money. teachers‘ pay is the largest part of any school budget, and this money won't help with those long—term bills, leaving headteachers feeling their concerns have been ignored. it's not good enough for the governmentjust to throw us a few thousand pounds and say, "be happy with that." i th
kamal ahmed, bbc news.rs and parents have reacted with fury to the chancellor's announcement in the budget that schools in england will receive a one—off payment of £400 million to pay for what he called "little extras". england's school leaders have been campaigning for some time for more money, saying they're having to lay off teachers and can't afford to buy essential equipment. 0ur education editor branwenjeffreys has more. it was meant to be good news from the treasury, but...
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Oct 12, 2018
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kamal ahmed, bbc news.day's crash with a lorrry on the m4 has died from their injuries. two other people died at the scene of the collision. the other victims from the bus were staff members at prior‘s court school for autism in thatcham. police said there have been no arrests as a result of the crash. a man from lincoln has pleaded guilty to sending a series of highly offensive letters and packages after an investigation by counter—terrorism officials. as part of a two—year hate campaign, david parnham called for a "punish a muslim day" and targeted mosques, muslim politicians and public figures including the queen and the prime minister. today at the old bailey, the 35—year—old admitted 15 offences including hoaxes involving poison and bombs, soliciting to murder and sending letters with intent to cause distress or anxiety. health officials say seven palestinians have been killed by israeli troops near the border between gaza and israel during the latest protests there. the gaza health ministry says that
kamal ahmed, bbc news.day's crash with a lorrry on the m4 has died from their injuries. two other people died at the scene of the collision. the other victims from the bus were staff members at prior‘s court school for autism in thatcham. police said there have been no arrests as a result of the crash. a man from lincoln has pleaded guilty to sending a series of highly offensive letters and packages after an investigation by counter—terrorism officials. as part of a two—year hate...
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Oct 12, 2018
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kamal ahmed, bbc news. happen if we leave the eu without a deal — as part of its contingency planning. eurostar might be suspended and tickets no longer valid, and the electricity supply to northern ireland could be disrupted. 0ur deputy political editor john pienaar reports. the picture's building and it's not pretty. but brexit with no eu deal could disrupt british life and british business, according to government warnings. 106 now and counting. the latest? could the lights go out in northern ireland? energy suppliers would need protection if eu rules suddenly fall away. could the eurostar keep running? international rail deals would have to be replaced — maybe quickly. and trade — notjust with the eu, but a0 odd trade deals with other countries. no deal with them could mean more costs, ta riffs and checks on business. but theresa may has a big problem now. some ministers fear ending up bound by eu customs laws, unable to strike trade deals after any transition time, if no brexit trade agreement is ready
kamal ahmed, bbc news. happen if we leave the eu without a deal — as part of its contingency planning. eurostar might be suspended and tickets no longer valid, and the electricity supply to northern ireland could be disrupted. 0ur deputy political editor john pienaar reports. the picture's building and it's not pretty. but brexit with no eu deal could disrupt british life and british business, according to government warnings. 106 now and counting. the latest? could the lights go out in...
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Oct 29, 2018
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kamal ahmed with his analysis.britain leaves the eu and it included a series of other measures. the national living wage is to rise from £7.83 to £8.21. duty on beer, cider and spirits has been frozen. and, as previously announced, there'll be no rise in fuel duty. there'll be help for the high street with a cut in business rates. and the amount smaller firms pay towards apprenticeship training is to be reduced. 0ur consumer affairs correspondent colletta smith has been to a car mechanics' workshop in chorley, lancashire to find out what today's budget means for workers and businesses. today, i present to the house a budget for britain's future. as the chancellor got started, work was well under way here in lancashire. fred is in charge of the nine staff here but he is not worried that the extra 400 million from philip hammond, spending on fixing the potholes, would put him out of business. no, i don't think so. i think we'll still be here. we're very busy at the moment so i don't think there is a problem with that
kamal ahmed with his analysis.britain leaves the eu and it included a series of other measures. the national living wage is to rise from £7.83 to £8.21. duty on beer, cider and spirits has been frozen. and, as previously announced, there'll be no rise in fuel duty. there'll be help for the high street with a cut in business rates. and the amount smaller firms pay towards apprenticeship training is to be reduced. 0ur consumer affairs correspondent colletta smith has been to a car mechanics'...
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Oct 10, 2018
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kamal ahmed, good time last year there was much more green.to hear your thoughts on all of that. our economics editor assessing what we have heard from the imf today. let's take a look at some of the other stories making the news. google?says it's filling an appeal against a record $5 billion fine. the european competiton commission ruled that google had forced smartphone makers to favour its own products if they wanted to run on android. burger king is in talks to open new restaurants in african countries including nigeria, to better compete with rival mcdonald's. ?daniel schwartz, chief executive of parent company? restaurant brands international, told the financial times he sees "huge opportunity" in the continent. the second biggest shareholder in tesla, baillie gifford, has now taken an interest in nio. that's a chinese electric vehicle maker which recently listed on the new york stock exchange. according to a regulatory filing, baillie gifford owns an 11% stake in nio. nio's shares rose 22% on the news. speaking of shares, a story breaki
kamal ahmed, good time last year there was much more green.to hear your thoughts on all of that. our economics editor assessing what we have heard from the imf today. let's take a look at some of the other stories making the news. google?says it's filling an appeal against a record $5 billion fine. the european competiton commission ruled that google had forced smartphone makers to favour its own products if they wanted to run on android. burger king is in talks to open new restaurants in...
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Oct 24, 2018
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our economics editor kamal ahmed reports.ver, where hundreds of trucks a day travel to and from the european union, with no checks and no taxes. but, like the white cliffs, we rather take it for granted. but what if all that changes, abruptly, next year? given the scale of the task, what we found is that there are risks to the effective operation of the border, if we leave the eu in march next year under a no deal. even if there is a deal, there is still a great deal that will need to be done. today's report says a brexit no deal contains a number of risks for which the uk is ill—prepared. up to 250,000 firms would need to fill out customs forms for the first time. there are likely to be delays that the borders as new checks are put in place. organised crime across the border could increase because of a lack of security. these are apples grown in kent. this woman runs a food business in kent that employs iii people and exports to belgium, italy and france. how ready does she feel if a no deal was to strike? it's been almost i
our economics editor kamal ahmed reports.ver, where hundreds of trucks a day travel to and from the european union, with no checks and no taxes. but, like the white cliffs, we rather take it for granted. but what if all that changes, abruptly, next year? given the scale of the task, what we found is that there are risks to the effective operation of the border, if we leave the eu in march next year under a no deal. even if there is a deal, there is still a great deal that will need to be done....
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Oct 12, 2018
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kamal ahmed, bbc news.westminster attacker khalid masood was lawfully killed. and still to come, 50 years on, the story of how one british record label established jamaican reggae in britain. coming up on sportsday on bbc news: we speak to michael carrick about his struggles with depression and ask him why things aren't going well forjose mourinho at manchester united. princess eugenie has married jack brooksbank at st george's chapel in windsor. the royal family and celebrities were among 850 guests at the ceremony. eugenie, the ninth in line to the throne, was given away by her father, prince andrew and watched by her grandmother, the queen and by her mother, sarah ferguson. crowds of wellwishers gathered on the windy streets outside the castle to watch proceedings. 0ur royal correspondent, nicholas witchell reports. hold onto your hats — it's another royal wedding, though this one was not quite in the same league as harry and meghan‘s. as the guests, celebrities among them, struggled through the autumn w
kamal ahmed, bbc news.westminster attacker khalid masood was lawfully killed. and still to come, 50 years on, the story of how one british record label established jamaican reggae in britain. coming up on sportsday on bbc news: we speak to michael carrick about his struggles with depression and ask him why things aren't going well forjose mourinho at manchester united. princess eugenie has married jack brooksbank at st george's chapel in windsor. the royal family and celebrities were among 850...
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Oct 30, 2018
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our economics editor kamal ahmed has been investigating the likely impact. any bowl, a pound!icking 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, i'm on £29,000 year so it'll help me by about £10 a month. but overall, i think with the cost of food and whatever, it'll 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 that we all benefit from, because little amounts like that really have very little effect on me, anyway, and i suspect on several others. the institute for fiscal studies said the better off would gain more from the tax changes. people 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
our economics editor kamal ahmed has been investigating the likely impact. any bowl, a pound!icking 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, i'm on £29,000 year so it'll help me by about £10 a month. but overall, i think with the cost of food and whatever, it'll probably mean that i'm no better off. i...
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Oct 12, 2018
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kamal ahmed, bbc news.aste has hit back against claims of mismanagement. speaking for the first time garry pettigrew, of health care environmental services, told the bbc that bodyparts were not stored any longer than they should have been. the company has been stripped of some nhs contracts after hundreds of tonnes of clinical waste piled up at its sites. mr pettigrew was speaking to our health editor, hugh pym. he's the boss at the centre of a national row over hospital waste and garry pettigrew‘s company has lost disposable contract with some hospitals in infant because he was storing too much waste at his sights, he claims to me in some cases, medical waste was now not being handled safely. i know now that waste is being stored at hospitals in shipping containers and shipping containers are being lined with black liners, to stop liquids, whatever else, coming out, that has been put into skips. the department of health denied this and said there were strong governance to ensure safe disposal of waste. and
kamal ahmed, bbc news.aste has hit back against claims of mismanagement. speaking for the first time garry pettigrew, of health care environmental services, told the bbc that bodyparts were not stored any longer than they should have been. the company has been stripped of some nhs contracts after hundreds of tonnes of clinical waste piled up at its sites. mr pettigrew was speaking to our health editor, hugh pym. he's the boss at the centre of a national row over hospital waste and garry...
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Oct 3, 2018
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kamal ahmed. into the westminster bridge attack has criticised shortcomings in security at westminster and said the death of pc keith palmer could have been prevented. relatives, survivors and the police have been giving evidence at the old bailey during the three week hearing into the attack last year which killed five people. our home affairs correspondent, daniel sandford, reports. the last calm moments of what had been just another westminster spring day. our home affairs correspondent, daniel sandford, reports. the last calm moments of what had been just another westminster spring day. american tourist kurt cochran with his wife melissa, pensioner leslie rhodes returning from hospital, aysha frade texting her husband on her way to pick up her kids from school, andrea cristea, a tourist from romania, and pc keith palmer manning the main gates to parliament. but in 82 seconds of terror, they were all left with fatal injuries. the shocking deaths produced searching questions, not least about arm
kamal ahmed. into the westminster bridge attack has criticised shortcomings in security at westminster and said the death of pc keith palmer could have been prevented. relatives, survivors and the police have been giving evidence at the old bailey during the three week hearing into the attack last year which killed five people. our home affairs correspondent, daniel sandford, reports. the last calm moments of what had been just another westminster spring day. our home affairs correspondent,...
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Oct 30, 2018
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kamal ahmed, bbc news. live to westminster and our political correspondent iain watson. and gone by on day two, there has been a certain unraveling as the details come to light. is there any fraying at the edges as there any fraying at the edges as the details come to life. there is fraying at the edges but no unraveling as we have seen in recent yea rs. unraveling as we have seen in recent years. those people i think are relatively happy with the chancellor. if there'll be rebellions in the conservative pitches, that will save them for brexit and see what kind of deal might emerge then. talk afraid edge, i think the problems are stacked up in the future, not necessarily immediate for the budget. in the package from the institute for fiscal studies, they said that look at the money for the health services now, 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 fo
kamal ahmed, bbc news. live to westminster and our political correspondent iain watson. and gone by on day two, there has been a certain unraveling as the details come to light. is there any fraying at the edges as there any fraying at the edges as the details come to life. there is fraying at the edges but no unraveling as we have seen in recent yea rs. unraveling as we have seen in recent years. those people i think are relatively happy with the chancellor. if there'll be rebellions in the...
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Oct 24, 2018
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audit office, warned that britain will pay the price of a no—deal brexit as our economics editor kamal ahmedoperating border, this one at dover, where hundreds of trucks a day travel to and from the european union, with no checks and no taxes. but, like the white cliffs, we rather take it for granted. but what if all that changes, abruptly, next year? given the scale of the task, what we found is that there are risks to the effective operation of the border, if we leave the eu in march next year under a no—deal. even if there is a deal, there is still a great deal that will need to be done. today's report says a brexit no—deal contains a number of risks for which the uk is ill—prepared. up to 250,000 firms would need to fill out customs forms for the first time. there are likely to be delays at the borders as new checks are put in place. 0rganised crime across the border could increase because of a lack of security. these are apples grown in kent. nimisha raja runs a food business in kent that employs 14 people and exports to belgium, italy and france. how ready does she feel if a no—deal wa
audit office, warned that britain will pay the price of a no—deal brexit as our economics editor kamal ahmedoperating border, this one at dover, where hundreds of trucks a day travel to and from the european union, with no checks and no taxes. but, like the white cliffs, we rather take it for granted. but what if all that changes, abruptly, next year? given the scale of the task, what we found is that there are risks to the effective operation of the border, if we leave the eu in march next...
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Oct 24, 2018
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audit office warned that britain will pay the price of a no—deal brexit, as our economics editor kamal ahmedere hundreds of trucks a day travel to and from the european union, with no checks and no taxes. but, like the white cliffs, we rather take it for granted. but what if all that changes, abruptly, next year? given the scale of the task, what we found is that there are risks to the effective operation of the border, if we leave the eu in march next year under a no—deal. even if there is a deal, there is still a great deal that will need to be done. today's report says a brexit no—deal contains a number of risks for which the uk is ill—prepared. up to 250,000 firms would need to fill out customs forms for the first time. there are likely to be delays at the borders as new checks are put in place. 0rganised crime across the border could increase because of a lack of security. these are apples grown in kent. nimisha raja runs a food business in kent that employs 1a people and exports to belgium, italy and france. how ready does she feel if a no—deal was to strike? it's been almost impossibl
audit office warned that britain will pay the price of a no—deal brexit, as our economics editor kamal ahmedere hundreds of trucks a day travel to and from the european union, with no checks and no taxes. but, like the white cliffs, we rather take it for granted. but what if all that changes, abruptly, next year? given the scale of the task, what we found is that there are risks to the effective operation of the border, if we leave the eu in march next year under a no—deal. even if there is...
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Oct 28, 2018
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here to explain is our economics editor kamal ahmed.es the "end of austerity" promised by the prime minister mean more spending and more taxes? let's look first at the state of the government's finances. they are better than expected. in november 2016, the government borrowed £59 billion, to make up the difference between what it spent on public services and what it raised in taxes. this year, that figure is expected to fall to 59.9 billion — that's £5 billion less than expected. and next year it could be £13 billion lower than expected. higher tax revenues and lower local council spending have given the chancellor a cash buffer which he could spend on public services. here are the three big things to watch for tomorrow. how will the government pay for the £20 billion nhs promise? will mr hammond use that extra cash buffer or will he raise taxes? if he does, any increases will be small, but i would be surprised if, over the next few years, taxes didn't rise. particularly if the chancellor really does want to announce the end of austerit
here to explain is our economics editor kamal ahmed.es the "end of austerity" promised by the prime minister mean more spending and more taxes? let's look first at the state of the government's finances. they are better than expected. in november 2016, the government borrowed £59 billion, to make up the difference between what it spent on public services and what it raised in taxes. this year, that figure is expected to fall to 59.9 billion — that's £5 billion less than expected....
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Oct 30, 2018
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our economics editor kamal ahmed has been looking at looking at the impact of the budget, the spending and the changes to income tax. picking the best route on page 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 am a teacher on £29,000 a year so it will help me about £7 a month, so overall that i think 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 low paid don't have to pay before the tax, the better it is. i would rather see it go towards schools, the national health service, all the things we all benefit from because little amounts like that really have very little effect on me, anyway. and i suspect and several others. the institute for fiscal studies has concurred yesterday's tax cuts with previous government announcements. people earning over £50,000 a year would be on average £156 better off. people earning between £12,500 and £50,000 would gain £21 per yea
our economics editor kamal ahmed has been looking at looking at the impact of the budget, the spending and the changes to income tax. picking the best route on page 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 am a teacher on £29,000 a year so it will help me about £7 a month, so overall that i think the cost of food and whatever it will probably...
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Oct 3, 2018
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we can talk to our economics editor kamal ahmed at the treasury.ie the hands of the treasury for months to come?” think it might do, to an exam. in three weeks‘ time, the chancellor of the exchequer has to deliver his budget. before this rather optimistic speech about the public finances and the economy, the treasury was being cautious, pointing out all the hard work that had gone into fixing the public finances shouldn‘t be thrown away or more borrowing and more spending, saying that the big pledge on the nhs already had to be paid for probably by tax rises. and, of course, the big risk around brexit. certainly, the prime minister has changed the tone of that type of narrative, saying ruling out one big possibility of a tax rise, a tax rise on petrol, saying it won‘t happen. discounts for borrowing for housing means there is more doubtful the government to carry. and saying the government to carry. and saying the end of austerity. well, the fa cts the end of austerity. well, the facts tell a slightly different story. the amount per person being sp
we can talk to our economics editor kamal ahmed at the treasury.ie the hands of the treasury for months to come?” think it might do, to an exam. in three weeks‘ time, the chancellor of the exchequer has to deliver his budget. before this rather optimistic speech about the public finances and the economy, the treasury was being cautious, pointing out all the hard work that had gone into fixing the public finances shouldn‘t be thrown away or more borrowing and more spending, saying that the...
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Oct 12, 2018
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our economics editor, kamal ahmed, is in bali, where philip hammond has been talking at the annual meetingf. so, it did sound like a degree of optimism from the chancellor?” think very much so. you could hear a bit of the music as the entertainments for tonight start off for the imf annual meeting for the interview the chancellor earlier today and i think there was a tone of optimism. ease a daily things will be done, there's been a step change in the pace, he says there's significant challenges and i think he raised a very interesting point. he said he thought there would be what it described as a deal dividend. ever since the uncertainty of the referendum, there has been an idea that businesses are holding back investment and of course, the economic forecast and economy itself has slowed down. pz if there is a deal, you could see a bit of a pick—up, some growth back in the economy. now that won't help his budget in two weeks' time, and he also talked about the possibility of tax rises in that budget but for next year, when theresa may famously said austerity is coming to an end, there co
our economics editor, kamal ahmed, is in bali, where philip hammond has been talking at the annual meetingf. so, it did sound like a degree of optimism from the chancellor?” think very much so. you could hear a bit of the music as the entertainments for tonight start off for the imf annual meeting for the interview the chancellor earlier today and i think there was a tone of optimism. ease a daily things will be done, there's been a step change in the pace, he says there's significant...
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Oct 12, 2018
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speaking to economics editor kamal ahmed at the imf meeting in bali, uk chancellor philip hammond saysimistic that we would get to a deal in the end, because it's clearly in the interests of both sides to do so. what has happened over the last week or ten days is that there's been a measurable change in pace. there's a real sense now of engagement from both sides, of shared enterprise in trying to solve a problem, rather than posturing towards each other. so, a really important step change. but that shouldn't conceal the fact that we've still got some big differences left to resolve. so, process is a lot more positive this week, substance, still very challenging. earlier, we asked if adidas should be embarassed by the curious behaviour of kanye west, who designs clothes for the sportswear brand. he said he doesn't mind it because any publicity is good publicity. kanyeis any publicity is good publicity. kanye is a collaborator with adidas. yes, some trainers, sneakers. we have had loads of tweets about this, in particular ian, he says the boss of adidas doesn't have. they work with kany
speaking to economics editor kamal ahmed at the imf meeting in bali, uk chancellor philip hammond saysimistic that we would get to a deal in the end, because it's clearly in the interests of both sides to do so. what has happened over the last week or ten days is that there's been a measurable change in pace. there's a real sense now of engagement from both sides, of shared enterprise in trying to solve a problem, rather than posturing towards each other. so, a really important step change. but...
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Oct 26, 2018
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0ur economics editor kamal ahmed, business editor simonjack, and political editor laura kuenssberg havehat we can expect. there is a big challenge for the chancellor on budget day. the prime minister has said it is the end of austerity but philip hammond wants to control public spending. how will he square that circle? we have to raise taxes, maybe not immediately, that would get those forecasts for the future. will there be more tax, more spending? 0r the future. will there be more tax, more spending? or will there be more cups? with brexit round the corner, businesses are edgy. investors in things like new machinery, processes, training has been weak, so processes, training has been weak, so you'll look potentially for measures that will include those businesses to invest in those things, possibly by giving tax breaks to raise the annual allowance to what they can do tax—free. breaks to raise the annual allowance to what they can do tax-free. like it or not, there is not very much money going spare. the governments already said they might have to raise taxes to pay for their big probl
0ur economics editor kamal ahmed, business editor simonjack, and political editor laura kuenssberg havehat we can expect. there is a big challenge for the chancellor on budget day. the prime minister has said it is the end of austerity but philip hammond wants to control public spending. how will he square that circle? we have to raise taxes, maybe not immediately, that would get those forecasts for the future. will there be more tax, more spending? 0r the future. will there be more tax, more...
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Oct 29, 2018
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before brexit — which has just been unveiled by the chancellor this afternoon. 0ur economics editor kamal ahmedt is your assessment.” more cash being spent than expected, what is your assessment. i think anyone who thought this was going to bea anyone who thought this was going to be a quiet budget, a cautious budget was frankly wrong. the apartment today has tried to change the economic direction of government policy. to put it in context, in 2010 and austerities started, the government mapped out a five—year plan when they said that public spending would be cut by 3% per year. in 2015 another five—year plan, public spending cut again by 1.3%. now here is philip hammond today saying from 2020 public spending will rise by 1.2%. the 0ffice spending will rise by 1.2%. the office for budget responsibility, the official economic watchdog for the official economic watchdog for the government, has said this is the biggest fiscal stimulus, tax and spending stimulus that it is seen for nearly a decade. what philip hammond is trying to do is to say that there has been a lot of hard work and about hard w
before brexit — which has just been unveiled by the chancellor this afternoon. 0ur economics editor kamal ahmedt is your assessment.” more cash being spent than expected, what is your assessment. i think anyone who thought this was going to bea anyone who thought this was going to be a quiet budget, a cautious budget was frankly wrong. the apartment today has tried to change the economic direction of government policy. to put it in context, in 2010 and austerities started, the government...
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Oct 16, 2018
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our economics editor kamal ahmed has been looking at the figures and working out what it means for us is going up it makes you feel more confident about the economy. and if we feel more confident, we tend to spend more. our spending drives 60% of the economy. in cardiff there was a more positive mood, for some. where i was, the pay rise was impossible. it was never going to happen, so you have to look around and there are better opportunities and people willing to pay better wages to do pretty much the same job. the price of living is going up very fast. and my wages aren't keeping up. i do feel better off, definitely, but because our wage was quite low before, it kind ofjust brings you up to where everyone else is, ithink. well, the story of our wages has been the story of our economy since the financial crisis. in 2008, before the crash, wages were growing at above 4%, then there was this long dip to below 1% as the recession fears over job losses hit hard, and now, a recovery which appears to be accelerating to 3.1%. high levels of employment in sectors like construction and hotels
our economics editor kamal ahmed has been looking at the figures and working out what it means for us is going up it makes you feel more confident about the economy. and if we feel more confident, we tend to spend more. our spending drives 60% of the economy. in cardiff there was a more positive mood, for some. where i was, the pay rise was impossible. it was never going to happen, so you have to look around and there are better opportunities and people willing to pay better wages to do pretty...
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Oct 5, 2018
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as my colleague kamal ahmed put it, the chancellor of the exchequer will have defined the money —— willild, have all your dinner and i will give you three helpings of chocolate ice cream. whether there are three helpings of chocolate ice cream in the freezer at the moment remains to be seen. there are still some very big issues over the irish backstop question, some movement on that, which might get the uk in the customs union for a little while, but it's still could flounder on the rocks of northern ireland, which has always been the case. aston martin hit the skids on its stock market debut, i was amazed to find out that despite the glamorous association with the james bond films and the like, the company has gone bust seven times in 105 years or something? on lots of these small—scale sports manufacturers, they have gone bust millions of times. tvr and lotus spring to mind. the brand still mean something but running them of the company is very difficult. the ipo was significant because many people thought that valuation was too high, comparing it to the likes of ferrari and saying yo
as my colleague kamal ahmed put it, the chancellor of the exchequer will have defined the money —— willild, have all your dinner and i will give you three helpings of chocolate ice cream. whether there are three helpings of chocolate ice cream in the freezer at the moment remains to be seen. there are still some very big issues over the irish backstop question, some movement on that, which might get the uk in the customs union for a little while, but it's still could flounder on the rocks...
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Oct 24, 2018
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our economics editor, kamal ahmed, joins us now.w that will impact daily life. i suppose you only really notice a border when it stops working. the national audit office says that if there is a no deal, and as you say the government does not wa nt as you say the government does not want that, but if there is no deal thenit want that, but if there is no deal then it warns preparations are not in anyfit then it warns preparations are not in any fit state at the moment. it has two big areas to focus on. one is business preparedness and it says the number of businesses that will have to to fill out customs declarations if there is no deal and britain will have to trade on world trade organisation rules would go up by the tens of thousands. and the number of customs declarations that would have to be signed and checked by her majesty‘s revenue and customs would go from 55 million today to 260 million, showing some of the change in the workload and paperwork that will be needed to cross borders into the european union. it also warns on se
our economics editor, kamal ahmed, joins us now.w that will impact daily life. i suppose you only really notice a border when it stops working. the national audit office says that if there is a no deal, and as you say the government does not wa nt as you say the government does not want that, but if there is no deal thenit want that, but if there is no deal then it warns preparations are not in anyfit then it warns preparations are not in any fit state at the moment. it has two big areas to...
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that's what was happening in the uk'sjobs market betweenjune and august. 0ur economics editor, kamal ahmedis analysis. wage growth matters — if you are in work and your pay is going up, it makes you feel more confident about the economy. and if we feel more confident, we tend to spend more. 0ur spending drives 60% of the economy. in cardiff there was a more positive mood, for some. where i was, the pay rise was impossible. it was never going to happen, so you have to look around and there are better opportunities and people willing to pay better wages to do pretty much the same job. the price of living is going up very fast. and my wages aren't keeping up. i do feel better off, definitely, but because our wage was quite low before, it kind ofjust brings you up to where everyone else is, ithink. well, the story of our wages has been the story of our economy since the financial crisis. in 2008, before the crash, wages were growing at above 4%, then there was this long dip to below i% as the recession and fears over job losses hit hard, and now, a recovery which appears to be accelerating to
that's what was happening in the uk'sjobs market betweenjune and august. 0ur economics editor, kamal ahmedis analysis. wage growth matters — if you are in work and your pay is going up, it makes you feel more confident about the economy. and if we feel more confident, we tend to spend more. 0ur spending drives 60% of the economy. in cardiff there was a more positive mood, for some. where i was, the pay rise was impossible. it was never going to happen, so you have to look around and there are...
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Oct 26, 2018
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the bbc‘s economics editor kamal ahmed, business editor simonjack, and political editor laura kuenssbergis a big challenge for the chancellor on budget day. the prime minister has announced the end of austerity and philip hammond still wa nts to austerity and philip hammond still wants to control public spending. how he will —— how will he square that circle? will there be more cuts ahead? with brexit round the corner, businesses are edgy. investment in new mission nearly and training has been weak. look out for some measures which allow companies to invest their money tax—free into those areas. like or not, there isn't very much money going spare. there are real pressures, big demands for more money for universal credit, that well —— controversial well fair reform that may need to be found. this is not going to be a budget where the government makes any kind of political history or suddenly turning on the spending taps. there will be budget coverage here on the bbc news channel on monday and especially from cbm in the afternoon. —— 3pm. people living near the coast in england are being
the bbc‘s economics editor kamal ahmed, business editor simonjack, and political editor laura kuenssbergis a big challenge for the chancellor on budget day. the prime minister has announced the end of austerity and philip hammond still wa nts to austerity and philip hammond still wants to control public spending. how he will —— how will he square that circle? will there be more cuts ahead? with brexit round the corner, businesses are edgy. investment in new mission nearly and training has...
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the figures relate to the uk's jobs market betweenjune and august. 0ur economics editor kamal ahmed hasut if you feel more confident, you tend to spend more. spending drives 60% of the economy. and in cardiff today, there was a more positive mood for some, at least. where i was, the pay rise was impossible. it was never going to happen, so you have to look around and there are better opportunities and people willing to pay better wages to do pretty much the same job. the price of living is going up very fast. and my wages aren't keeping up. i do feel better off, definitely, but because our wage was quite low before, it kind ofjust brings you up to where everyone else is, i think. well, the story of our wages has been the story of our economy since the financial crisis. in 2008, before the crash, wages were growing at above a%, then there was this long dip to below 1% as the recession fears overjob losses hit hard, and now, a recovery which appears to be accelerating to 3.1%. high levels of employment in sectors like construction and hotels and restaurants means that firms are having to
the figures relate to the uk's jobs market betweenjune and august. 0ur economics editor kamal ahmed hasut if you feel more confident, you tend to spend more. spending drives 60% of the economy. and in cardiff today, there was a more positive mood for some, at least. where i was, the pay rise was impossible. it was never going to happen, so you have to look around and there are better opportunities and people willing to pay better wages to do pretty much the same job. the price of living is...
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Oct 3, 2018
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let's get some more analysis on this from our economics editor, kamal ahmed.head and austerity is over. isn't that simple? it is a bold claim and at the moment i would say no. if you think about the next two years, spending per person on things like schools and libraries and police is still going to fall and the government has announced those cuts will come in over the next two yea rs. will come in over the next two years. £12 billion of benefit cuts have still to be put in place, again over the next two years. theresa may was talking about next year and the next what is called the spending review and she says if i get a good deal on brexit. clearly, there is economic risk there are certainly the treasury is worried that they need to be cautious on the public finances because of that brexit risk. at the moment, austerity is not over. if there is a good deal, maybe the economy will grow more quickly than expected and there might be more ability to spend more on public services. but to make the claim for right now, it does not seem claim for right now, it does n
let's get some more analysis on this from our economics editor, kamal ahmed.head and austerity is over. isn't that simple? it is a bold claim and at the moment i would say no. if you think about the next two years, spending per person on things like schools and libraries and police is still going to fall and the government has announced those cuts will come in over the next two yea rs. will come in over the next two years. £12 billion of benefit cuts have still to be put in place, again over...
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Oct 30, 2018
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the ifs director pauljohnson has been explaining his analysis to the bbc‘s economics editor, kamal ahmednot actually that much for the rest of the government departments. it may be that cuts are just about coming to an end but there‘s not a whole lot of extra money for anything other than the health service. is what the chancellor outlined yesterday sustainable? he seems to be borrowing more and not so focused on this idea of balancing the books. the chancellor has clearly decided that, with a bit more wiggle room, a bit more money to spend, he is going to use it all. he is not looking to get the deficit down. if he continues to be lucky, if he continues to have tax revenues coming in a bit better than expected, then he will be fine. he will be in a bit of trouble, he has painted himself into a corner, if things turn the other way. because i don‘t think he‘s going to turn back to austerity. i think what we will have is just more borrowing going forwards if we end up with the tax revenues not coming in. and has he given enough, has he provided himself enough security if the brexit negotia
the ifs director pauljohnson has been explaining his analysis to the bbc‘s economics editor, kamal ahmednot actually that much for the rest of the government departments. it may be that cuts are just about coming to an end but there‘s not a whole lot of extra money for anything other than the health service. is what the chancellor outlined yesterday sustainable? he seems to be borrowing more and not so focused on this idea of balancing the books. the chancellor has clearly decided that,...
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Oct 10, 2018
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about the state of the world economy from the international monetary fund. 0ur economics editor kamal ahmedas at the time things look like they are getting better, things, institutions like the imf have warned of the things could get worse and, really, theirjob is an early warning system and, as you set before you came to me the issue is the trade issue between different countries, particularly america and china, the trade barriers, a trade war, could really damage global growth and the imf is saying that, just like in 2008, the key word was cooperation between countries to save the global economy, we will need that again. and in 2018, with the cooperation really be there? it is also saying that central banks must be ready with more quantitative easing, that's money printing, to help the economy if there is at the dislocation, and also talks about brexit. we are saying these things won't definitely happen, but people need to be aware that there are still big risks out there. kamal, for the moment, thank you. the children's commissioner for england anne longfield says she's seriously concern
about the state of the world economy from the international monetary fund. 0ur economics editor kamal ahmedas at the time things look like they are getting better, things, institutions like the imf have warned of the things could get worse and, really, theirjob is an early warning system and, as you set before you came to me the issue is the trade issue between different countries, particularly america and china, the trade barriers, a trade war, could really damage global growth and the imf is...
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Oct 12, 2018
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cautious optimism from chancellor philip hammond, speaking to our economic editor kamal ahmed a little good atmosphere is all well and good, but as he said the substance is still a big sticking point. thank you. annita mcveigh is in the bbc newsroom with a summary of the rest of the day's news. thank you very much, joanna. an immigration enforcement hotline was called 68 times by mps or their staff last year. a group of charities have now written to commons speakerjohn bercow asking mps to pledge not to inform on constituents, arguing people should not have to fear being reported on by their mps — so far the pledge has been signed by 107 mps. of the calls by mps to the hotline, 3a were from conservatives, 32 from labour, one from the dup and one from a liberal democrat. us media is reporting that the turkish government has audio and video recordings that they say prove the missing saudi journalist jamal khashoggi was killed inside the saudi consulate in istanbul when he disappeared ten days ago. us and turkish officials are reported as saying that the recordings provide graphic evidenc
cautious optimism from chancellor philip hammond, speaking to our economic editor kamal ahmed a little good atmosphere is all well and good, but as he said the substance is still a big sticking point. thank you. annita mcveigh is in the bbc newsroom with a summary of the rest of the day's news. thank you very much, joanna. an immigration enforcement hotline was called 68 times by mps or their staff last year. a group of charities have now written to commons speakerjohn bercow asking mps to...