i resolution foundation. were you surprised ? i expected resolution foundation. were you surprised?ct. 0ne surprised? i expected business to be slightly more circumspect. one way of explaining away the findings is the assembly has no been details of what the new immigration situation may be. they may be projecting the best case scenario. do you feel there is more certainty around and they should be preparing?” there is more certainty around and they should be preparing? i think it is unrealistic to think that migration levels will stay the same. the conservative party has said the ten are looking to reduce net migration to the tens of thousands. businesses have got some explaining to do is to buy the am not preparing for that. two companies generally wa nt for that. two companies generally want free movement? absolutely. around two thirds wanted no change to the current migration situation. another 25% said they wanted some sort of regime allowing those people who have a job offer to come to the country without any access problems. if we do not get the tape of labour that they would

thank you very much indeed for your time, conor d'arcy from the resolution foundation.e is out. i didn't wear sunscreen, but not enough yesterday. today will be another scorching day. helen will tell us about it. but look at this morning! this is the view at salford, just glorious. one of the first acer have come into work without a coat. helen has a misty picture behind her. what is going on? ijust want i just want to show you something a little different. football on the beachin little different. football on the beach in wales, how lovely. and the sun is strong, of course, and i will talk about that. as strong as it gets and unusually high. this is the picture in southwark. it is on its way out already, dismissed. just at this time of year with a quiet night it will then be a little misty in places. but that is being burnt away asi places. but that is being burnt away as i speak and we see temperatures reaching 30 degrees yesterday, equally as hot today, possibly one or two degrees more for most parts of the country. except in the north—east of scotland again. i came

research from the resolution foundation think—tank suggests that 10% of adults own around half of theorrespondent, joe lynam, has more. the awful fire at grenfell tower has highlighted for many the issue of inequality in britain. dozens dead in the wealthiest borough in the uk. now an independent think tank has said inequality has worsened since the great recession because fewer people own their own homes. the resolution foundation says property ownership is now spread less evenly than salaries and incomes are. it says the richest 10% of the population own £5 trillion, or half the uk's wealth, while the top 1% own 14% of britain's wealth. by contrast, 15% of adults have no or negative wealth. wealth is arguably the biggest determinant of living standards over people's lives but yet it barely features in today's living standards debates, and that's a big deal because our analysis shows wealth is far more unequally spread across scoiety than incomes are and because of declining property ownership, declining home ownership, for the least wealthy households that inequality has started to

a report by the think tank the resolution foundation claims that britain's wealth inequality is growingit suggests that a fall in the number of people who own their own home has resulted in a widening gap between the rich and poor. the government says income inequality is now at its lowest level since the mid—1980s. wealth is arguably the biggest determinant of living standards over people's lives but yet it barely features in today's living standards debates, and that's a big deal because our analysis shows wealth is far more unequally spread across scoiety than incomes are and because of declining property ownership, declining home ownership for the least wealthy households, that inequality has started to go up. that is a big concern. the government says it intends to double the length of the new parliamentary session to two years to give mps the maximum possible time to scrutinise brexit legislation. the unusual move will mean next year's queen's speech will be cancelled. our political correspondent susana mendonca is in our london newsroom. good morning. is this significant, the can

laura gardiner, senior policy analyst, resolution foundation.generation before you or the generation after you? well, we hear a lot about generation and it has been a big topic for example in the recent general election campaign. but lots of those focus tends to be on the here and now, how much people are earning, what their incomes are, whether they area what their incomes are, whether they are a homeowner or not and that's all really important, but what our new analysis shows is difference ins wealth. so that's things like the sum of your house value, your private pensions, your financial wealth, less any debts and wealth is really important for long—term living standards and on this crucial measure, total net wealth which find that for example the oldest mill lendials born in the early 80s have half as much as the group 4 years before them, but it is cohorts born since 1955, even the younger baby boomers are under performing. there has been definite slowdown in generational wealth progress that extends through the mill lendials and generation

a report by the think tank the resolution foundation claims british wealth inequality is growing.as resulted in a widening gap between the rich and poor. the government says income inequality is at its lowest level since the mid—1980s. the government says it intends to double the length of the new parliamentary session to two years to give mps the maximum possible time to scrutinise brexit legislation. the unusual move will mean next year's queen's speech will be cancelled. the government says the decision was part of measures to build the broadest possible consensus for brexit. at least 24 people have died so far and more than 20 others have been injured in a forest fire in central portugal. 16 of the victims died in their vehicles as they try to escape but became trapped by flames. portugal's been experiencing a heatwave with temperatures exceeding 40 celsius in several regions. seven sailors missing after a us warship collided with a container ship off the coast ofjapan have been found dead. their bodies were discovered by divers in flooded cabins. the ships commander and anoth

if you look at it in more detail, the resolution foundation shows that 95% of the costs will be paidphrase, in it together. we all contribute to it, we all gain from it. even those people whose living standards are falling? as i say, the average amount we will be paying per week is the price of a cup of coffee. let me move on. if you want the best nhs and social care in the world, that is what we should. you have said no, i want to move on. yes, but i want to make a point. i know you do. well, make it quickly. remember, this is an interview, not a party political broadcast. i get that. well, i'm not sure you do, mr farron. my father's, my grandfather's sorry, my father—in—law‘s passage into alzheimer's and at the moment, we are seeing wonderful people care for him, who can earn more stacking shelves at the supermarket. and that is why we need to invest more in health and social care. i'm going to move on. and the penny... no, you've said enough mr farron. i insist we move on. i accept your insistence. the royal college of psychiatrists says that the regular use of cannabis doubles th

tost and dell is director of the resolution foundation. —— tost and bell.nment is meant to start brexit negotiations and amongst all the meetings of the 1922 committee the government will be getting on with preparing for those negotiations. but british business also needs to prepare. and today on the issue of migration and how that affects british business, those businesses are not prepared. only half think the migration system post—brexit will look the same as we have now or similar. that is not what the government has been saying and not what we're likely to up with an associate big changed. and business needs to start to prepare for that change. but how do you prepare when no one knows what is going to happen? well that is a good question and we need the government to set out clearly where they want to get to migration, which sectors they think will be able to rely on temporary workers and others to keep migrants coming into the sectors and which will not. because then they need to invest in training up other staff, recruiting british workers or investin

conservative party faces, is if you look at the forecasts, the kind of forecast we produced that resolution foundation earnings and income that are about managing median wages that are falling. falls in disposable income over the next few years. that is not a great backdrop for it party fighting a further election. inflation is close to 3%. the cash flows in the values are relatively lower than pay growth. that is a backdrop on living standards. anna: that is the living standards conversation. we talk about the aging population, we talked about japan and their aging population , and that part of the conversation area and one of the things we try to deal with here in the u.k. before the election was the cost of elderly care, social care. that did not go well. where does the conversation go now? david: it did not work out politically for the conservatives, but the fundamental challenge has to be addressed. when you have the people need social care, it does not seem to me unreasonable that after they die, it is reasonable to look to their estate come a if they have substantial housing wealth, to make a c

joining us now are conor d‘arcy from the resolution foundation, and bronwen maddox from the instituteto the election. everybody thought this was going to be the brexit election. that is certainly how theresa may wanted to play it, even though she didn't talk about it much. but what came out very clearly was that anger and concern about public cuts to local government, education, the nhs, was really running very high. and i think in a funny way, in westminster, when you are in the westminster bubble, politicians will think that was the la st politicians will think that was the last government's arguments. but of course all those cuts were still coming through. and people are really beginning to feel the effect of it. labour really capitalised on it on the campaign trail. what seems to have come out is that it was not just older generations perhaps feeling that, it was very much the younger generation feeling that as well? yes, absolutely. we don't have the turnout data yet, but the suggestion is that lots of young people have swung towards labour. but there are also longer term trends

let's speak to matthew whittaker, chief economist, resolution foundation. good to see you.t it doesn't seem to be going up any time soon? we have had a lot of predictions which have gone wrong recently. it would take a brave person to see the bank will do anything but hold tight in a few minutes. the bank is in a holding pattern, you said it yourself, the watchword in politics and the economy is uncertainty in the uk. that is so much going on in terms of brexit negotiations, what outcome will we have? for the bank to take any action would seem a bit hasty. better to sit tight and see what happens, especially as there are signs there has been a slowdown in aspects of the economy, especially in consumer spending. raising rates would risk tipping over the edge into adomah spiral. we just want to explain that. traditionally, the bank would raise interest rates when inflation starts rising, that is a way to put a lid on inflation but we're not doing it, why not? the inflation we have at the moment is not being sparked by an overheating economy where everyone is out spending, it

i'd like to remind everybody also that the first general resolution after the foundation was exactly on the issue of getting rid of nuclear weapons and other weapons of mass distraction. we believe that the proponents for the prohibition treaty, that it is good instruments to go ahead and you can create a legal norm prohibiting it, as we've done with the biological or chemical base. the argument you are here is it's not universal, it's failed. yeah, but biological and technical prohibition treaties were also not universal at the beginning. even npt was not universal. and so we believe that our endeavor could add a very important element to our common goal of reading the planet of nuclear weapons. >> thank you very much. -- >> microphone good? thanks, susan, ambassador kickert. it's an honor to be with you and it's a special an honor to be with the arms control association for the annual meeting. among the many public issues that the american people have to be ready to discuss and raise the own consciousness, arms control threats of nuclear biological chemical weapons have to be near

and i like to remind everybody also that the first general assembly resolution after the foundation of the united nations was exactly on the issue of getting rid of nuclear weapons and other weapons of mass destruction and we believe that the proponents of the prohibition treaty that it is a good instrument to go ahead to create a legal norm prohibiting it as we have with the biologic and chemical yeah, biological and technical prohibition treaties were also not universal at the beginning. mpt was not universal. and so we believe that our endeavor could add a very important element to our common goal of ridding the planet of -- >> thank you very much. >> okay. microphone good? well, thanks, susan, ambassador kike are. t. it's an honor to be here with you. it's an honor to be here for the annual meeting. among many of the public issues that the american people have to be ready to discuss and to raise their own consciousness, arms control threats have to be near top. so it's important for all of us in this room to go beyond and do further public outreach on these issues. as i started jot

getting rid of all nuclear weapons and i like to remind everybody also that the first resolution after the foundationof united nations was exactly on the issue of getting rid of nuclear weapons and other weapons of mass destruction and we believe as a proponent for the prohibition treaty that it is good instrument to go ahead to create a legal norm prohibiting it as we have done with the buy -- biologic and we argue that it's not universal. yeah, biological and technical prohibition treaties were also not universal at the beginning. mpt was not universal. and so we believe that our endeavor could add a very important element to our common goal of ridding the planet of. >> thank you very much. >> microphone good? well, thanks, susan, embassador kickert. it's an honor to be here with you. .. a couple of days ago an article by george brockovich about the draft convention that prohibits nuclear weapons and if you 15 minutes it is probably better spent reading the article on the subject than listening to me, but you already are skewed and i am already seated so we will plow together. just a few words firs

i applaud the marshall foundation's work in sharing marshall's vision and character with a new generation of americans and i urge the passage of this resolution, to honor one of america's most sincere and distinguished public servants, by congressionally designating the museum and library in lexington, virginia, as the national george c. marshall museum and library. i thank the gentleman from virginia and yield back the balance of my time. the speaker pro tempore: the gentleman yields back the balance of his time. the gentleman from virginia reserves. the gentleman from virginia, mr. scott. mr. scott: thank you, mr. speaker. i thank my virginia colleagues for their leadership and urge my colleagues to support the resolution and yield back the balance of my time. the speaker pro tempore: the gentleman yields back the balance of his time. the gentleman from virginia, mr. bratt. bratt bratt mr. speaker, i yield -- mr. brat: -- the speaker pro tempore: the gentleman from virginia, mr. brat. mr. brat: thank you, mr. speaker. i yield myself the remainder of the time. i'm pleased we're advancing a bipartisan proposal today. one that means a great de

foundations and we appreciate your efforts to further look into this. >> thank you. >> let me add with my colleagues, i think you are absolutely right about the debt ceiling and should have resolution before we leave in the summer. we should not leave here with the uncertainty that will result in this and the gaming and politics that could take place. we stand solidly behind you in this effort. now, mr. dogett asked you yes or no on the mnuchin rule? >> what i said is the president's objective is not to cut taxes on the high end. it is to cut middle income tax cuts. this is a process that will be the house, senate and administration. we are working together. >> all right. that's not the answer, but let me -- let me also ask you what mr. thompson asked you, whether or not you intend to follow through on these $64 billion cut out of social security. >> the president is absolutely committed that people who should be paid disability will be paid disability. that's what the trust fund is for. we'll honor those commitments. the assumption for change in disability, i say these are assumptions that perhaps some places where people should be going back to work, but that for people who long-