for example, did rachel reeves say, we considered this target for growth but we rejected it?ns get designed. it's been a collaborative process across the shadow cabinet. even my mission, of perhaps all the missions, people might say, well, that's just about the nhs and the department of health. we can't do what we need to do in terms of the health of the nation without a genuine cross—government approach, a partnership with business and wider civil society if we are serious about tackling health inequalities or working with the life sciences and med—tech industry to revolutionise treatment. so it has been a collaborative process and we're all happy with the missions as established. but in terms of the specific milestones for the health mission, the education mission, the law and order mission, we will be setting out the milestones, the yardsticks in the coming months. is this your offer to the voters? are you saying, we are promising you, the voters, we will do this if we form the next government? to be clear, the missions are about where we want to take britain in the long t

and when you hear rachel reeves or keir— austerity.nergy, there - described as austerity lite? well, if you take energy, there is i described as austerity lite? well, if you take energy, there is £170 | if you take energy, there is £170 billion of excess profit. why can't we have 50 billion of that and effectively deal with the black hole of a0 billion. you would have 6 billion to give every nhs work a 10% rise, and you would have money left over. what is that choice so apparent? why is that not the choice that you would take, that you would rather take the choice of saying that everyone has to pull in their belt? it is unacceptable for workers and communities in this country to pay for this crisis while there is rampant profiteering going on. you have said carefully that you would prefer a labour government. but you do sound frustrated with the labour leadership“s stance and the repeated occasions on which they say, we won't write big checks, we will be careful with the public finances. are you frustrated and do you still believe thei

but the shadow chancellor rachel reeves, though, is blaming the imf's stance on 13 years of concert of economic policy . the concert of economic policy. the uk economy has got a huge potential and yet the government is failing to seize the initiative . and we see today initiative. and we see today with these forecasts from the imf, with the uk now at the bottom of the league table for growth, both this year and next, the government needs to be doing so much more to fulfil the potential of the uk economy . potential of the uk economy. lancashire police say they found a key witness in the search for a key witness in the search for a missing mother of two. 45 year old nicola bailey was last seen walking her dog by the river wyre on friday. her mobile was later found on a bench . a dog later found on a bench. a dog was discovered running loose nearby . and today the princess nearby. and today the princess of wales has been saying it's essential to know what's needed to future generations become happy. healthy adults . launching happy. healthy adults. launching her new early years campaign

here�*s his labour shadow, rachel reeves. on what the bank of england is forecasting for the uk economy this year. it says britain remains set for recession, but a "much shallower" one than previously feared. it sees the economy shrinking by 0.5% in 2023, as energy bills fall and price rises slow. that compares with the 1.5% contraction forecast in november. in an interview with the bbc, andrew bailey admitted that it�*s some critics might say, "well, why are you raising interest rates, which makes life harderfor a lot of households and gives them less money to spend when we�*re already headed for recession?" the answer to that is that they are worried that inflationary pressure, which had been imported so far — from gas prices and the like — is becoming embedded domestically, in, for example, the price of services, which has gone up by more than they expected. so they are worried that wage rises are reflecting expectations that inflation will stay high and that could become a bit of of a self—fulfilling prophecy. in an inter

rachel reeves joined the team. that is in the next hour with anna and her team at 7:25. speak to russell hardy. of course, we have this movement in the oil market. we have the flows going and from russia to china. let's get the view on how tight that market is. goldman still says opec has this amazing pricing power without hurting them. and of course, we will be cashing croatia's national bank governor. you have copper coming down by 1.7%. hedge funds are bailing on their big come along, alva positions. this was the reopening trade that seems to be coming undone. equities in china just a little bit softer. it is a different complexion for u.s. equity markets. this is one of the worst weeks of 2023. we will bring you more coverage on the prospect of a brexit deal right here on bloomberg throughout the day. we are left westminster for reactions first on bloomberg. ♪ anna: good morning. welcome to bloomberg markets: asia europe. i am anna edwards live in london. mark cudmore

labour's shadow chancellor of the exchequer, rachel reeves, said the government needed a plan to growke—up call to the government because the economy now is just flatlining along the bottom. we're the only major g7 economy that is still smaller than it was before the pandemic and zero growth is not a success. the government now urgently needs to put in place a real plan for economic growth, as well as tackling the cost—of—living crisis that is affecting so many families and pensioners right now. if you look over the period since before the pandemic, the uk economy is now 0.8% smaller than it was before the pandemic. the us economy is 5% bigger. in fact, the bank of england says that our economy is not going to be as big as it was before the pandemic until 2026, while every other economy has already exceeded the economic levels before the pandemic. so look, this has got to be a wake—up call to the british government. we need a serious plan to grow our economy and ensure good qualityjobs all around the country. it's fantastic to meet young apprentices here in bolton today, but the truth

i believe so i mean rachel reeves obviously a very impressive shadow chancellor and we haven't heardoo much from her yet . i'm too much from her yet. i'm hoping that should be front and centre of the speech next week where we'll hear a bit more about the plans to tackle something that labour says goes back a very long way, all the way back to 2010 when growth has been particularly. of course this that she knows this is something that she knows that the chancellor, now, prime minister sunak , is also minister rishi sunak, is also very to about as well very keen to talk about as well one his five pledges at the one of his five pledges at the start the year was get the start of the year was get the economy growing again. his pledges sort of more short term things he wants to achieve by the end of the. whereas labour's national missions quite more sort of long term . we had that sort of long term. we had that conversation between keir starmer and media when he was talking about a decade of renewal. so he's clearly setting sights on two terms in office. that's a long period of time for la

rachel reeves, thank you. all the latest on — back. rachel reeves, thank you.. time now to get the news, travel and weather where you are. good morning from bbc london, i'm thomas magill. a family from hertfordshire is warning others of the dangers young people can face online after their teenage son took his own life. the parents of 15—year—old christoforos, also known as christopher, have set up a foundation in his memory and say they're convinced pressure from online chatrooms led to his death. they also have a warning for other parents after discovering some disturbing content on his computer. i then opened up his laptop and i found very horrific conversations through a particular forum. put some parental blocking on some of sites and maybe sit down with their son or daughter and say, what are you watching? what is it you're doing? you need to tell me everything. because every parent will say "my son will never." i was one of them. in a way we were one of them. one of london's busiest tube stations fully re—opens today after a big revamp. tfl say the £700 m

as you heard from rachel reeves, labour will offer the government the votes to get a deal over the line. francine: thanks so much, lizzy burden outside westminster. when you look at the kind of risk, we thought it would be risk off overall because of what happened in asia, but we are seeing gains across the board. european stocks gaining 1% overall. this has nothing to do with brexit, it is more the general mood over inflation in the u.s. >> markets seem to have wrapped their heads around the fact that the fed will have to do more to tackle inflation and reprice accordingly. you mentioned market pricing for that peak, the fed rate is 5.4%, above what we're seeing from the most hawkish officials, that is james bullard who still puts his forecast below 5.375%. before, when we saw initial hawkish notes from the fed, markets were spooked, but now investors have had a chance to really wrap their heads around the idea that inflation is here to stay, they will have to price in higher rates but not panic about it. francine: how about brexit? i don't know there was are -- i don't know whether th

but inevitably rachel reeves of labour saying it means we've got to have a proper windfall tax .dfall tax. however, if the british figures are down and you can only charge the windfall tax, of course, what's made here. that's right. in cash, right. that's how much is that actually going to rise. well, centrica is saying in their defence they're defence they've they've they're £1,000,000,000 tax on their £1,000,000,000 in tax on their 3.3 billion of underlying profits of , of sorry operating profits of, of sorry operating profits of, of sorry operating profits in 2022. and of course windfall tax means that in under certain circumstances these oil and gas exploration companies in the north sea, they're paying 60% of their profit. they already pay corporation tax is 19 or gas companies already pay % in the north sea that's gone to 60% with the supplementary tax . so people in the treasury tax. so people in the treasury and imagine people close to rishi sunak and jeremy hunt in number 10 and 11 would say these big companies are already paying a lot of extra tax, but if you you know,

the shadow chancellor rachel reeves, though, is blaming the imf stance on 13 years of conservative economic policy. the uk economy has got a huge potential . and yet the potential. and yet the government is failing to seize the initiative and we see today with these forecasts from the imf, with the uk now at the bottom of the league table for growth both this year and next, the government needs to be doing so much more to the potential of the uk economy . lancashire the uk economy. lancashire police say they have now found and are speaking to a key witness they were seeking early on in the in the search for a missing mother of 245 year old nicola bulli was last walking her dog by the river wyre on friday. her mobile phone was later found on a bench on a conference work call and a dog was discovered running loose nearby . and the princess of nearby. and the princess of wales says it's essential to know what's needed , help the know what's needed, help the future generation become happy, healthy adults . launching her healthy adults. launching her new early years campaign called shaping us th

well, the shadow chancellor, rachel reeves, says although she supports the interest rates rise, she doesore pressure on households. i know think will be more pressure on households . i know that families households. i know that families are going to be very concerned about another increase in interest rates, which going to put more pressure particularly on people with mortgages already before this interest rate rise. we know that 4 million people are coming off the fixed rate deals or on tracker deals who on average are going to see mortgage go up by two and a half thousand pounds a year. very thousand pounds a year. a very difficult people people difficult time for people people . well, the boss of british owner centrica says , he's owner centrica says, he's horrified. the contractor for the company broke into struggling customers home to fit energy metres . his comments came energy metres. his comments came shortly after the energy regulator ofgem . it was regulator ofgem. it was launching an urgent. it regulator ofgem. it was launching an urgent . it follows launching an urgent. it fo

labour's shadow chancellor rachel reeves is urging the government to ensure companies like shell payion just last year. we've got to tax those profits properly and use the money to help people are really struggling right now with higher gas and electricity bills. that's why labour have said we would extend that windfall tax and use the money to freeze bills this april, because at the moment, under this government's plans, gas and electricity bills are going up by £500 in april this year. is there a problem with shell being able to offset some of their tax against losses? is that something that you would look to change? we've said that the investment loophole, which sees shell reduce its tax burden by putting more money into fossil fuel investment, that's not the right approach. if you're making profits of £32 billion in one year, because of the windfalls of an illegal war in ukraine, then you should be taxed properly and that money should be used to keep gas and electricity bills as low as possible for consumers. detectives searching for a missing mother who vanished on a riverside d

the shadow chancellor rachel reeves, says the stance is because of 13 years of conservative economic policy . and yet the government policy. and yet the government is failing to seize the initiative . and we see today initiative. and we see today with these from the imf , with with these from the imf, with the uk now at the bottom of the league table for growth both year and next, the government needs to be doing so much more to fulfil the potential the uk economy . it's been revealed economy. it's been revealed tonight the actor alec baldwin has been officially charged with involuntary manslaughter . the involuntary manslaughter. the fatal shooting on the set , the fatal shooting on the set, the film rust. cinema telegraph's helena hutchins was killed dunng helena hutchins was killed during rehearsals in the us state of , mexico in 2021, when state of, mexico in 2021, when a prop gun baldwin was using fired. a live round . baldwin fired. a live round. baldwin says he never the trigger and that it was a tragic accident. he could face up to five years in jail if he's convicted and lan

well, the shadow chancellor, rachel reeves , believes the central bank's decision was correct, even if it means more pressure on households. i know that families are going to be very concerned about another increase in interest rates, which is going to put more pressure, particularly on people with mortgages already before this interest rate rise. we know that for million people coming off, fixed rate deals are on track deals who on average are going to see mortgage payments go up by two and a half thousand pounds a year. so a very difficult time for people. the boss of british gas owner centrica says he is horrified to hear about contractors for the company who've broken into customers homes to fit energy metres. his comments came shortly after the energy regulator of germany's it was launching an urgent investigation . it follows investigation. it follows a times sting in which an undercoverjournal times sting in which an undercover journal listed company debt collectors who reportedly entered the homes of vulnerable people to force fit pre—payment metres . energy and pre—payment met

going out rachel reeves already going out with this line about the tory mortgage penalty havingd homeowners in terms the reaction to this half a% hike in the base rate . yeah, i mean two the base rate. yeah, i mean two things i would say about that first of all, you know, clearly , leigh, the rise in interest rates is not just confined to the united kingdom, it's something that's happening elsewhere . fact, almost every elsewhere. fact, almost in every major economy around the world, it an instrument that central banks use to try and tackle inflation. inflation is a problem across the world though inflation is expected to fall in most parts of the world in the months to come. that the governments got a vision of halving it by the end of this yeah halving it by the end of this year. i think that would almost certainly irrespective certainly happen irrespective of the government did or didn't anything. of all, the anything. second of all, the reason with these interest rate rises due , what happens the rises due, what happens on the liz truss administration is something sunak warn

and his fallback position was it's all down to rachel reeves.re, it's the treasury. the treasury doesn't like defence. sorry. it goes to hampshire in the first look as we approach this one, ukraine, one year on and the russian invasion, why haven't the russian guns with all their armaments, why have they not done better than they are doing? because it has been much weaker than they realised. it's riddled with corruption. they threw in 120,000 troops. they've lost , killed and they threw in 120,000 troops. they've lost, killed and injured nearly 200,000. they've got 300,000. they can't train them sufficiently in time . the sufficiently in time. the they've turned putin has turned his economy to a war economy. so he has to live or or fail as a leader, not as a politician , but leader, not as a politician, but as a military leader, not vat is the problem , though. they the problem, though. they haven't done well up to now, but they're going to back to default position the old soviet doctrine, which is just throw the numbers at it. this is the terri

i think one thing that keir starmer , one thing that keir starmer, rachel reeves have done very wellhe past year been an absolute relentless focus on the state of the economy . i focus on the state of the economy. i know focus on the state of the economy . i know the government economy. i know the government continue to that inflation has caused by the war. ukraine actually we had high inflation before the war in ukraine. we had queues at the pumps of petrol before the war in ukraine when we had a conservative government and we also had soaring energy before the war in ukraine. the war in ukraine hasn't helped, but it has not been the primary cause of the mess we're in. primary cause has been, unfortunately , 12 years of been, unfortunately, 12 years of stagnant growth under successive concerted governments where the uk economy has had pathetic levels of productivity increases. which is why we are increases. which is why we are in the mess we're in now. we haven't gone growth . we debated haven't gone growth. we debated earlier in the program response to my big opinion. earlier in th

i think one thing that keir starmer , one thing that keir starmer, rachel reeves have done very wellhe past year been an absolute relentless focus on the state of the economy . i focus on the state of the economy. i know focus on the state of the economy . i know the government economy. i know the government continue to that inflation has caused by the war. ukraine actually we had high inflation before the war in ukraine. we had queues at the pumps of petrol before the war in ukraine when we had a conservative government and we also had soaring energy before the war in ukraine. the war in ukraine hasn't helped, but it has not been the primary cause of the mess we're in. primary cause has been, unfortunately , 12 years of been, unfortunately, 12 years of stagnant growth under successive concerted governments where the uk economy has had pathetic levels of productivity increases. which is why we are increases. which is why we are in the mess we're in now. we haven't gone growth . we debated haven't gone growth. we debated earlier in the program response to my big opinion. earlier in th

now, writing a joint sipri statement , shadow chancellor statement, shadow chancellor rachel reeves on figures who count question figures who count for question that fail to trouble that would fail to trouble a primary school child. remember these basic biology biological blunders ? women can have a penis blunders? women can have a penis that come . not i don't think we that come. not i don't think we can conduct this debate with you know . so i can't listen to know. so i can't listen to judaism. no, no, no. it'sjust a judaism. no, no, no. it's just a no, no, no . i just. is it no, no, no. ijust. is it transphobic to say only women have a cervix ? is it is it have a cervix? is it is it transphobic? i look, i just. transphobic? i look, ijust. i don't even know how to start answering these questions . so answering these questions. so while it might be easy to laugh at labour's to grasp basic biological facts storey mp nicky allen has slammed rayner and declared her quote unfit for high office. carole malone, do you agree? oh, complete metre labour can neo making fools of themselves over

now, writing a joint sipri statement , shadow chancellor statement, shadow chancellor rachel reeves onigures who count question figures who count for question that fail to trouble that would fail to trouble a primary school child. remember these basic biology biological blunders ? women can have a penis blunders? women can have a penis that come . not i don't think we that come. not i don't think we can conduct this debate with you know . so i can't listen to know. so i can't listen to judaism. no, no, no. it'sjust a judaism. no, no, no. it's just a no, no, no . i just. is it no, no, no. ijust. is it transphobic to say only women have a cervix ? is it is it have a cervix? is it is it transphobic? i look, i just. transphobic? i look, ijust. i don't even know how to start answering these questions . so answering these questions. so while it might be easy to laugh at labour's to grasp basic biological facts storey mp nicky allen has slammed rayner and declared her quote unfit for high office. carole malone, do you agree? oh, complete metre labour can neo making fools of themselves over th

anything or cogent anything particularly or cogent from either keir starmer or rachel are labour's rachel reeves plans stagnation plans to solve this stagnation cry? first of all, we're going to boost the economy with cry? first of all, we're going to boost the economy wit h £28 to boost the economy with £28 billion a whole of billion spent on a whole of changes that will improve the climate change issues , the climate change issues, the environmental issues. and they will not only do that, they will also bring a massive boost to the economy but not a boost, but only helps the rich and not boost, which makes the market. i noficed boost, which makes the market. i noticed that this trust is now calling the market conspiracy of lefties which seems to me to be mad . well, the anti growth mad. well, the anti growth coalition, i think i think could look at your headline trust. i was brought down by the quote left wing establishment these are these are the people who own bondsis are these are the people who own bonds is that what you had in mind? well, i think she's talking about the blob, which may be

the shadow rachel reeves though and tighter government budgets. the shad blaming the imf stance on 13 years of conservative economic policy . the uk economy has got policy. the uk economy has got huge potential and yet the government is to seize the initiative and we see today with these forecast from the imf, with the uk now at the bottom of the league table for growth, both this and next, the government needs to be doing so much more to fulfil the potential of the uk economy it needs away from home. the actor alec baldwin has been a charged today with involuntary manslaughter over the fatal shooting on the set of the film rust . cinematographer helena shooting on the set of the film rust. cinematographer helena was killed during rehearsals in the us state of new mexico in 21 when a probe gun that baldwin was using a live round . baldwin was using a live round. baldwin says he never pulled the trigger and that it was just a tragic accident. he could face. though up to five years in jail if, he's convicted . now, news at he's convicted. now, news

well, care today along care is setting out today along with reeves and shadow with rachel reeves andconomy. to take those economic challenges head on, the challenges head on, to get the economy growing , and to help economy growing, and to help make across the uk make sure people across the uk feel i suppose feel better. james i suppose that's the problem. what's the solution? get the solution? you say get the economy growing . hall jobs more economy growing. hall jobs more disposable income, less tax hard. well, we're setting out all of the detail of our policy to give you a few key examples. number one, economics, stability, because we've seen the huge damage caused by the lack of economic stability, by the economic chaos of last year, as liz truss , if we have that as liz truss, if we have that economic stability, which comes from approach, would be from our approach, that would be the of growing the the bedrock of growing the economy need economy within that we then need we're seeing interest rates hopefully come down as inflation is expected to halve by the end of the year. well

can't run from the fact that they have put britain in this terrible situation keir's been clear rachel reeves will take a decade to sort this. it will be hard work first. but the commitment is very strong to making us the fastest growing economy in the g7. and your viewers and your listeners know there's nothing lacking in britain in. talent is the lack of talent in the government. that's the problem. okay. so he's already asking a second term, so he's already judge me in ten years time. but people want results now. i think john. and people look , they'll get and people look, they'll get immediate results , a labour immediate results, a labour government, but there's no point in trying to fool people people know it has taken 12 years to wreck this country. it going to take time to rebuild it. wreck this country. it going to take time to rebuild it . okay. i take time to rebuild it. okay. i mean, i think look, john, to be fair, it wasn't this country hasn't just been wrecked in the last the last ten years as countries ask the improving the nhs thing. i mean some of these are particularly vague

labour's shadow chancellor of the exchequer rachel reeves, the economy.t a success _ pandemic and zero growth is not a success. the government is now urgently— success. the government is now urgently need to put in place a real plan for— urgently need to put in place a real plan for economic growth as well as tackling _ plan for economic growth as well as tackling the cost of living crisis that is — tackling the cost of living crisis that is affecting so many families and pensioners right now. i spoke to robert cuffe, the bbc�*s head of statistics for more analysis on these figures. so we see a rise in november because he world cup was on and we were all going out a little more and then follow in december because the world cup was still on, england went in it, and the premiership wasn't going. so you see those blips but if you pull back a bit and look at three months as a whole, we are seeing, as you said, no growth, and we are not alone in that. that is a picture you are seeing across most leading advanced economies. i think only canada and the us posted

yeah, this is rachel reeves. coming up in a moment to the shadow cabinet as well.have there, but you very kindly have stayed with us to actually us through these historic scenes, former leader of the tory party, former prime minister theresa may very animated . liz truss, another animated. liz truss, another former prime minister, of course , who has been reflecting on her time in power. so we are seeing lots and lots of handshakes and not just applause but whips of support as well in the whole . support as well in the whole. yes, absolutely . now this huge, yes, absolutely. now this huge, huge support clearly from for roger gale , who i think is the roger gale, who i think is the father , the house of correction, father, the house of correction, saying, no , no, but he's saying, no, no, but he's actually on this boris as boris johnson , we can't quite lip read johnson, we can't quite lip read to see what's being said. but a smile and a pat on the back. to see what's being said. but a smile and a pat on the back . so smile and a pat on the back. so as we say, we ha

and in the last year alone, rachel reeves and i have met thousands of business leaders, ceos all overom the cost of living crisis right across britain. and through all of this, what we need has become crystal—clear — growth. economic growth is the oxygen for our ambitions, the lifeblood of a strong society and a successful economy. higher living standards, better public services, more hope and opportunity. without strong growth, these are just empty slogans. and let me spell it out. if growth over the last 13 years had been as strong as under the last labour government, we would have £40 billion extra to spend on schools and the nhs without a single extra penny in tax. britain needs to create more wealth. needs to be more competitive. it's that simple. now, you may ask, it is easy to want growth must, what is so different about you? well, i say, for 13 years, there has been no plan, no urgency and no—one with the courage to do the hard yards that will change who growth is for and where it comes from. so, let me announce the economic mission of the next labour government. by the end of

they have rachel reeves you. yeah.e but we've got a legally in full south hotels getting their food out that all the services paid. how is this fair. and this is why there is such a rural feeling not just in the veteran community, but also across the country that not all given the same opportunity it is. yeah. and gary , thank you is. yeah. and gary, thank you for raising that case. i think that will really surprise people and is reportedly allegedly whatever you want to say about an individual who fought for this country all of his life, he'd say. and when he went to move abroad. he wanted to come back had to go through all back and had to go through all sorts of and kind of go through all sorts of hurdles in order to prove he's british to get prove that. he's british to get some kind of support when of course, compare and contrast that some other things that with some the other things that with some the other things that on. gary, also, that are going on. gary, also, it's again, very it's you. again, very same argume

you know the shadow chancellor rachel reeves there you go.not the chancellor's that. the chancellor's bucking that. and was graham hisco and i do agree was graham hisco who reported this and you know removing this cap will such damage to people across the country both fiscally and mentally if they're struggling to pay their bills, it will have a mental and a fiscal toll. and you know, the major energy companies took home 110 billion to their shareholders . how can to their shareholders. how can they make such excessive profits when people are struggling ? pay when people are struggling? pay the bills. yeah because we're almost out of time. just very briefly. and it's not as though i don't understand. you've got it. but looking at the other side argument is it costs us we don't control what they what the energy bills which are what the energy bills which are what the energy are charging. energy companies are charging. so costs tolls as so the cap costs tolls as taxpayers. we're having to fund the difference which . the the difference which. th

delivering they interracial reeves is always meeting with business and industry leaders because government... —— rachelg, shadow secretary of state - years of misery. west reading, shadow secretary of state for l years of misery. west reading, - shadow secretary of state for health and social services, thank you very much. john motson, the voice of the bbc�*s football commentary for half a century, has died. he was 77. you must be very sad when you hear the news because you go back to childhood. school together? yes, very, schooltogether? yes, very, very sad. i schooltogether? yes, very, very sad- i was _ schooltogether? yes, very, very sad. i was shocked _ schooltogether? yes, very, very sad. i was shocked actually. - schooltogether? yes, very, very sad. i was shocked actually. john and i both met up at a public school in suffolk, a boarding school. we were both 11 when we first met when he came. we have been lifelong friends ever since. fantastic career he had and we work for opposite channels but got on really great. bonded over a love of football, did you? bonded over a love of football, did ou? .