in 2022, pwc had already identified issues.orning's session. _ that came out this morning's session. i_ that came out this morning's session, i would like to clear it up if i could — session, i would like to clear it up if i could if— session, i would like to clear it up if i could. if the business was not sustainable at that point what was the conversation going on in that period _ the conversation going on in that period during the sale of the major asset_ period during the sale of the major asset to _ period during the sale of the major asset to try— period during the sale of the major asset to try and improve the situation? could that conversation have gone — situation? could that conversation have gone a bit better with sale of the major— have gone a bit better with sale of the major asset? iam nota i am not a financially qualified person and to get that question answered as i suspect you would like it answered, i would need a member of my finance team or the chair of my audit committee. that doesn't mean i will not answer

that's according to economists at pwc , which to economists at pwc, which predicts that living standardsl remain at levels they were at before the financial crash in 2006, and high energy bills are a big part of the reason for those stagnant living standards. >> the labour party claims that the new plans in the king's speech won't help british households stay struggling with high bills . high bills. >> joining us is liam halligan , >> joining us is liam halligan, our economics and business editor to discuss all this with on the money . liam there was on the money. liam there was nothing positive in any of that , nothing positive in any of that, but there is some positive economic news out there and i'll pepper what i'm about to say with some little glimmers of light. >> look, there's lots and lots of economic data out at the moment , and of economic data out at the moment, and this is the way it's going to be until the general election. the general election could be in a year's time. it could be in a year's time. it could be in a year's time. it could be before or it's going to be about

kriti: pwc chairman speaking to scarlet fu from the sidelines of the aipac conference.tish prime minister rishi sunak sankey will push ahead with the plan to deport failed asylum-seekers to ramonda despite the u.s. supreme court -- despite the supreme court rubbing it unlawful. he will guarantee asylum-seekers safety and planning legislation that the declarant to be a safe country. in spain, the acting prime minister pedro sanchez is said to win a third term on the back of a fragile alliance. seven parties have voted to support his socialist group, which would hand him a majority in parliament. sanchez as sought to betray himself as a bulwark against the far right. will bring you interviews with the seamen ceo -- seimens ceo. morehead -- more ahead. stay with us. this is bloomberg. ♪ good night! hey corporate types. would you stop calling each other rock stars? you're a rock star. you are a rock star. no more calling co-workers rock stars. look, it's great that you use workday to transform your business. but it still doesn't make you a rock star. so unless you work with

pwc plans to cut 600 jobs in the u.k..as reduced resignations pushed to the company to make staff redundancies as well. the accounting firm will launch a voluntary redundancy program and will cut jobs if not enough people at -- opt to leave on the own. pwc was the last of the big four to hold out against redundancies. goldman sachs is revamping how its asset management teams are rewarded boosted payouts when funds outperform. sources say the payments will lift the shares of teams directly responsible for investment funds. teams are likely to receive 40% to 50% of the share of performance rewards. a lot going on on global wall street but we will dive into the earnings picture in our next block. coming up, saudi aramco's net income dropping 23% in the latest quarter. we will dive into the numbers next. stick with us. this is bloomberg. ♪ kriti: there's a lot going on in the oil space right now. american and european big oil majors have posted these massive profits, deploying the cash in deals. you would think some of that ap

pwc survey this word for it. uk the most attractive investment destination in europe i >> -- >> now a lam >> now a five year old british boy has died after falling into a swimming pool while on holiday in egypt. ian logan derrick is from birmingham , died on friday from birmingham, died on friday while on a family trip away. he was described by a family friend as a cheeky, mischievous, happy little boy. a go fund me page has been set up to help cover the costs of his return to the uk and his funeral. the costs of his return to the uk and his funeral . now the uk's uk and his funeral. now the uk's first human case of the h1n2 virus has been detected. the strain is currently circulating in pigs and the uk health security agency says the person has now fully recovered after experiencing what they're describing as a mild illness . describing as a mild illness. there's increased surveillance now in surgeries and in hospitals in northern england as the authorities work to establish the source of the infection . the may

pwc now. don't just take my word for it . pwc survey this year of it. the list of israeli hostages and palestinian prisoners due to be released today. mediators say they're working with both sides to resolve issues on the final day of the agreed truce. hamas has released dozens of women and children over the past three days. it's hoped the pause in fighting will be extended to allow for further exchanges . allow for further exchanges. meanwhile, the international committee of the red cross is warning the humanity situation in gaza still desperate, with in gaza is still desperate, with spokesperson matthew morris saying the health care system is on the verge of collapse. intensive of the fighting in gaza has meant that humanitarian have obviously struggled to do what is needed . what is needed. >> and we know , i'm sure your >> and we know, i'm sure your viewers who've been following this for in recent weeks have known how difficult it is to get aid supplied in supplies in, but also to get people out . also to get people out. >> israel has told the us it

the company along with partners like pwc have been awarded a £330m pound contract to provide ai softwareng to be hearing a lot about. and that's because the firm is controversial — privacy campaigners fear giving a big tech company potential access to the private health information of patients, and have anxieties about the possibility of that data being sold on. nhs england today said, "nno company involved in the federated data platform can access health and care data without the explicit permission of the nhs". here'sjoe... thanks, victoria. is it a technological game changer or a threat to our privacy and security? today the nhs in england announced the awarding of a massive new it contract to a controversial us company. the aim — to create a tool called a federated data platform. from next spring this will bring together real time data about things like spare beds, waiting lists, staff rotas, to try and make the nhs more efficient. the cost? up to £330 million over seven years. and one former health minister thinks we all should embrace it. so the current system is very, very patchy.

at pwc, which predicts that living standards in britain will remain low for years to come.the man who knows all about this. it's liam halligan, economics and business editor with on the money . liam, editor with on the money. liam, let's start with the energy policy that labour are touting about. i've been very critical. they claim there was nothing substantive in the king's speech, although i thought i thought rishi sunak said he was going to save british households up to grand a year. starmer up to 15 grand a year. starmer didn't they've an didn't agree. they've got an alternative know alternative plan. do we know anything it ? anything about it? >> see, martin. lots of >> good to see, martin. lots of economic news around today. not so economics in yesterday's so much economics in yesterday's in the speech earlier in the king's speech earlier this week, the king's speech, of course, which was the queen's speech until relatively recently , is when the government lays out its legislative the out its legislative agenda. the last king's speech, probably before the next genera

pwc survey this year of thousands of global ceos rated the uk the most attractive investment destinationurope , the mayor destination in europe, the mayor of london says lives could have been saved if he'd been allowed to attend cobra meetings at the start of the pandemic. >> sadiq khan has told the covid inquiry that he was kept in the dark by the government and he'd lobbied the prime minister to go to lockdown . he says he doesn't to lockdown. he says he doesn't understand why he is mayor or the greater london authority were not invited to emergency meetings. >> the point being is that we are the capital city. we know what happened had we been aware of some of the things that the government were concerned about in march, could in february or march, we could have action. have taken preventative action. so there's often conversations with the government about things in becoming a to in advance of them becoming a to go and issues. and so that sort of stuff does happen. it can be offline conversations, it can be direct communications. with me and my office. we were chasing the government f

tokyo inflation ai and more with pwc chairman bob who joins us at the bloomberg new economy forum. >>e've got the open of the a sx 200, not much action but that is a testament or signal to the wall street session. it was high but feeling muted as well. asian equities are likely to be influenced by regional factors and china's inflation print's chief among them because we have cpi and ppi due out this morning and the data is expected to signal beijing needs to push their policy support so you can see the a sx 200 is steady, not seeing moves coming through in currencies and bonds. not just chinese inflation data, there are earnings to watch. in japan today we've got 10% of the topics reporting, 220 companies. it's worth pointing out because japanese exporters have seen a boost to their bottom line from dollar strength. that is giving up steam in the dollar rally, something that could hurt exporters because this chart taking a look at equity relative correlations to the dollar index since 2010, japan is really standing out as the key market with high exposure to the direction of the doll