this is according to the resolution foundation think tank _ the resolution foundation think tank 50 —rowth that youhe — tank. so we've had any wage growth that you've had or that we've had since _ that you've had or that we've had since 2002, _ that you've had or that we've had since 2002, wiped out. fall in disposable income of around £3000 for a typical household, and the number— fora typical household, and the number of— for a typical household, and the number of people living in what they call absolute poverty. going up to 14 million — call absolute poverty. going up to 14 million by 2024. and i'm reading all those _ 14 million by 2024. and i'm reading all those figures and i'm just going. — all those figures and i'm just going, and yet we are one of the richest countries in the world. we are iri— richest countries in the world. we are in the — richest countries in the world. we are in the top of really rich countries _ are in the top of really rich countries. and here we are facing these _ countries. and here we are facing these incredible things, and surely these incredible thin

tie: resolution foundation has to those with higher incomes.t money budget. has levelling up gone out the window? given the value of property in the south and south—east compare to other areas, it seems to me this would benefit people more because of property prices because of the south—east. because of property prices because of the south-east.— because of property prices because of the south-east. ultimately if the government — of the south-east. ultimately if the government does _ of the south-east. ultimately if the government does get _ of the south-east. ultimately if the government does get stronger - government does get stronger economic growth, that could have cost benefit all regions of the uk. but yes, — cost benefit all regions of the uk. but yes, that stamp duty move, first-time — but yes, that stamp duty move, first—time buyers in many poorer parts _ first—time buyers in many poorer parts of— first—time buyers in many poorer parts of the country don't pay any stamp _ parts of the country don't pay any stamp duty already, so it doe

a leading think tank — the resolution foundation — has said that middle income earners, stand to losenounced yesterday by the government — with the very richest benefiting most. but the government insists the tax cuts are fair to all — and will get the economy growing. our business correspondent, marc ashdown, reports. a bit more money for everyone will get businesses investing and people spending — that's the government's aim — but at this market in buckinghamshire there's scepticism about who will benefit most from these tax cuts. well, the higher end are going to be a lot better off, but lower end, is it a penny? it's nothing. considering the cost of living and inflation and the bills. it will take six months to kick in, really, won't it? and see if it does help. just hopefully it does. according to the thinktank the resolution foundation, the top 5% of earners will overall be about £2,500 better off, while the lowest 5% will be about £9 worse off, but the middle fifth of earners, labelled by some as the squeezed middle, will be about £780 worse off. this was a budget where the dis

the resolution foundation has described this as a southern comfort mini—budget.tamp duty given the value of property in the south and south—east compared to other areas, it seems to me this would benefit people more because of property prices in the south—east. ultimately, if the government does get stronger economic growth, that could, of course, benefit all regions of the uk, but, yes, that stamp duty move, first—time buyers in many poorer parts of the country don't pay any stamp duty already, so it does nothing to increase the threshold there, whereas the gain to a typical first—time buyer in london from yesterday's measures is about £6,000. even more striking is getting rid of the additional 45% tax rate. that's currently paid by about 600,000 people, and over half of those are in london and the south—east, so when we look at the regional winners and losers, it's very clear that the average gain for a household in london and the south—east is three times as high as the gain for households for households in, say, yorkshire and wales. it's an incredibly stark r

they are talking about this report from the resolution foundation saying britain faces the terrifyingtury, with more than 3 million people expected to fall into absolute poverty. in this country, a first world country. at the fastest rate in two years. the fastest rate we have ever seen. years. the fastest rate we have everseen. let'sjust, years. the fastest rate we have ever seen. let'sjust, for years. the fastest rate we have ever seen. let's just, for a moment, think that whoever the next prime minister is going to be of this country, and when we find out next week, let's think that this person might actually have a plan that they are going to deliver on and that they are going to reveal at some point when they are brought into power. what, theoretically, could any new prime minister actually do about this? it’s actually do about this? it's very difficult _ actually do about this? it�*s very difficult because, as we know, we are subject to european and regional gas prices, very big regions, and we are completely stymied by the fact that we are being held to ransom and they are not

the resolution foundation saying looking at income brackets, the top 5% of earners will be about £2500seholds about £98 better off. but the middle fifth will actually be £780 worse off. they also found a regional split, people living in london and the south—east will be better off. taxpayers in those regions do tend to be higher earners. to give some context, an economist formally advising the prime minister says that the progressive tax system means that those who earn more pay more. a tax cut for everyone, inevitably, it really does benefit them more. a lot of people are saying that if this is a mini—budget, what will a big budget look like. what suggestions are coming from the government that there could be more movement on taxes, on economic policy? when analysing these measures, we have got to bear in mind the impact of policies of the previous governments. when we talk about people being better or worse off, i think it's fair to say no one is worse off because of these policies, but because of previous policies that are in the mix. yesterday was about giving more money back to bu

i�*m nowjoined by the lead author of the resolution foundation report, lalitha try.erty is a fixed poverty measure so we would expect that number to reduce every year as the country experiences natural income growth, however because these are falling, for lower income households and across the distribution to er expecting to see absolute poverty increased by 3 million people over the course of this year and next.— million people over the course of this year and next. absolute poverty is defined by — this year and next. absolute poverty is defined by what, _ this year and next. absolute poverty is defined by what, exactly? - this year and next. absolute poverty is defined by what, exactly? it's i this year and next. absolute poverty is defined by what, exactly? it's a i is defined by what, exactly? it's a fixed measure _ is defined by what, exactly? it's a fixed measure of _ is defined by what, exactly? it's a fixed measure of poverty - is defined by what, exactly? it's a fixed measure of poverty and i is defined by what, exactly? tt�*s —. fixed measure of poverty and

there is a very worrying report today by the resolution foundation which focuses on people with low incomeson and energy bills that typical household could be £3000 worse off in real terms after a couple of years and even more concerning, 3 million more households could be living in poverty. that's a big challenge for the incoming prime minister. not just a long—term strategy but the short term support required. thank ou ve short term support required. thank you very much. _ short term support required. thank you very much, iain. _ the disasters emergency committee has launched a humanitarian appeal to help millions of people devastated by the floods in pakistan. the country has experienced exceptionally heavy monsoon rains which have triggered flash floods and landslides, leaving a third of the country under water. waseem ahmedhas been overseeing the relief efforts and says people need urgent assistance. i only could see in kpk province near charsadda, miles of roadsides filled with water and they'd no home. all the houses on the way i could see submerged in the water. livestock, whatever

dan tomlinson, senior economist at the resolution i economist at the resolution foundation think tankin the world. but them's the breaks. # oh, yeah! thank you very much. a premiership that was brief and chaotic but reshaped the country. an election—winning leader who was slung out of office by his party. he took over in 2019 after theresa may was toppled. with many mps trying to block a no—deal brexit, borisjohnson soon proved his readiness to rip up conventions by suspending parliament — a move criticised by the supreme court. the decision to advise her majesty to prorogue parliament was unlawful. weeks later, he gambled on a general election, winning the tories their biggest majority for 30 years. we did it! we pulled it off, didn't we? the man who had led the brexit campaign now had the votes in parliament to leave the eu. brexit deeply split the country — its legacy will be felt and disputed for years. for this reason alone, borisjohnson will go down in history as a prime minister of consequence. sirens. and then came this. the first pandemic for a century. i must give the britis

krishnan, thank you very much for your thoughts come from the resolution foundation.ailable — but that is half the number that were on sale at the start of december when interest rates started to rise. the headline from all of this is that 935 mortgage product5 the headline from all of this is that 935 mortgage products were taken off the shelf overnight, according to analysts, the biggest overnight drop it has ever recorded. in response to the government�*s announcements on friday. the uncertainty that has caused. islamic group popular front of india or pfi has been banned for five years, accused of being involved in terrorist activities. the government�*s decision comes as part of a crackdown against the group, including arrests of many of its leaders and raids on its offices. the pfi has rejected the allegations against it. here�*s our south asia correspondent, yogita limaye. the ban came in overnight and the government has accused the pfi of engaging in terrorist activities, terrorfinancing, targeted killings. it has also accused it of having links to global terro

the resolution foundation warned of a 10% fall in disposable incomes in two years, unless there is allions of pounds. soaring bills have had inflation. serena williams wins in the u.s. open, she is hinted in the last tournament and in an interview after last night's match, she says there is still a little left in me. global news 24 hours a day, on air and on "bloomberg quicktake." powered by more than 2,700 journalists and analysts in more than 120 countries. i am ritika gupta. this is bloomberg. ♪ how will your business adapt to change? you could hire an office full of peyton mannings. what's up, peyton? good morning, peyton. hold for peyton. they'd huddle.... welcome to the peytonverse. such a visionary. game plan... you go. no, you go! and call audibles... double our investment in omaha! omaha! omaha! omaha! or you could use workday. omaha. the finance, hr and planning system used by over half of the fortune 500. for a be-agile-like-an-mvp world. workday. for a changing world. the most costly expect -- mistake we will make, cut interest rates because the economy is showing signs o

a tax cut next year, which is twice what a typical earner earns in a year according to the resolution foundationhe is doing it while he is cutting benefits for people not doing enough to find a job in the middle of a cost-of-living crisis, all in the name of growth, which is a huge gamble. politically liz truss says she does not mind being unpopular but she has to be popular by the election in 2024 and it is an economic gamble as well. you talked about the tanking bonds, the tanking pounds. we spoke to the former bank of england policy maker. he is known as one of the most levelheaded bank of england monetary policy alumni and he says it will all end in tears. take a listen. >> we have had other experience where chancellors have gone for growth. the example is the -- for growth in the 1960's. they ended in tears. i expect the same sort of things will happen. there will probably be a clear run on the pound and then the bank of england will be forced to put up interest rates to stabilize the exchange rate much as we had in 1976. lizzy: you heard from the former bank of england policy maker express

only by resolutely, have we forged a true foundation of peaceful unification. only when china is completely reunified can there be enduring peace across the taiwan strait. any scheme to interfere in china's internal affairs is to meet the strong opposition of all chinese. and then he moved to extract -- any move to extract china's reunification is bound to be crushed by the wheels of history. the international community closely follows china's development since the 18th national congress. socialism with chinese characteristics has entered a new era. in the past decade, china has made historic achievements and transformation in pursuing economic and social development. in this decade, it also relies a historic leap in its relations with the world and made historic contributions to the international community. china is fully implementing a new development philosophy of innovative, coordinated, open development for all. and is pursuing high-quality development and fostering a new development paradigm. with a strong leadership of the efforts of the people, the stre

thank you very much forjoining us. _ earlier we spoke to torsten bell from the resolution foundation,at we - the bigger pictures as well. well, what is certain is that we will - the bigger pictures as well. well, what is certain is that we will see | what is certain is that we will see some benefits on the bottom and middle of the income distribution, but it's a very regressive package overall with higher increases in incomes because of tax cuts for the top 20 and top 5% of the income distribution. if you get growth going, you might seek wider benefits, but that is far less certain. �* ,, . , benefits, but that is far less certain. , ., , h certain. bystander: tories out! . someone has— certain. bystander: tories out! . someone has made _ certain. bystander: tories out! . someone has made their- certain. bystander: tories out! . someone has made their minds i certain. bystander: tories out! . someone has made their minds up already. when there are broadcast from westminster there are people who make their protest. in from westminster there are people who make their protest.— from west

most forceful steps to repose, external interference, only by resolutely forestalling separatist activities. can we afford a true foundation, peaceful ruin if occasion? only when china is completely reunified? can there be enduring peace across the taiwan strait? any scheme to interfere in china's internal affairs is bound to meet the strong opposition of all chinese and any move the obstruct. china's reunification is bound to be crushed by the wheels of history. and the international community closely follows china's development. since the 18th sippy see national congress a years ago, he socialism with chinese characteristics, has entered a new era. in the past decade, china has made a historic achievement and a transformation in pursuing economic and social development. in this decade, it are so allies to a historic leap and his relations with the world and made historic contributions to the international community on june. charlie's fully implementing a new development philosophy of innovative, coordinated during an open development of all and is pursuing high quality development. and fostering a new development paradig

is currently submitting together with albania is promoting this resolution, which is also important because it states that this foundation involved in the fundamental crime of russia against of the international system in recent meetings, in particular in connection with these procedures that you are talking about, well , i think that with every step russia takes, it is rolling out of this race, which it entered here for thousands of years, trying to be such an influential world country , we can say that russia's position has weakened and this means that no bloodshed in russia, which they are carrying out, does not lead to a strengthening of its position, but unfortunately, it is impossible to say when it comes to the un, such a complex bureaucratic structure that one day can change everything, it is a process and does not work and you can be happy because it is still intense enough for ugu and oleksiy, well, russia has carried out , so to speak, imitative procedures in the temporarily occupied territories, we understand that, well, at the exit, this is the piece of paper that they will present. it is, so to speak, the p

foundation for a new world architecture. it is extremely important that the sco unites like-minded states that rely on the principle of a polycentric model and resolutelyppose the attempts of individual countries and blocs to maintain a unipolar world. the result of attempts to establish such an order in a world of the most severe political and economic crisis in these conditions, the strengthening and decisions of the organization acquires a special sound. belarus has been a dialogue partner since the tenth year, and an observer in the shanghai cooperation organization since the fifteenth year. we had enough time to compare the goals and objectives of the organization with the interests of our state. evaluate the intense constructive nature of her work, as well as make sure of her own strengths and capabilities. we are very grateful for the unanimous support in the issue of obtaining the status of a full member. taking into account strategically important geographic location. we are able to organically complement the structure of the organization. we can offer our transit industrial scientific potential experience in peacekeeping and multilateral dipl

foundation for a new world architecture. it is extremely important that the sco unites like-minded states that rely on the principle of a polycentric model and resolutelyppose the attempts of individual countries and blocs to maintain a unipolar world. the result of attempts to establish such an order in the world of the most severe political and economic crisis in these conditions, the strengthening and expansion of the organization acquires a special sound, it sounds especially sincere and the appeal of the belarusian president to his colleagues from the height of political experience. lukashenka can afford it. i have been in politics for more than one year. and i watched very carefully how, after the formation of the shanghai cooperation organization, it fought for its leadership as a regional leader. now and such a moment and the work of our organization and especially the events in the world have led to the fact that the world has changed significantly for everyone and we state that this world will no longer be the same as it was before and the views, as they used to say, of all progressive of humanity are turned to our organization in the shangha

resolutions of 1688 to 1689. it is perhaps very british to celebrate revolutions by presenting an address to her majesty. but those revolutions lead to a constitutional freedom and set out the foundationor a stable monarchy that protects liberty. in your first address to the nation you recognized your life would change as a result of the new responsibilities. you pledged yourself hold all constitutional principles at the heart of our nation. these are weighty responsibilities. as the early queen elizabeth said in her final speech to parliamentarians. is a thing more glorious to them that is pleasant than them that barrett? we know you hold the greatest respect. the precious traditions. the freedoms and responsibilities of our unique history and our system of parliamentary government. we know that you will bear the responsibilities that fall to you with the fortitude, dignity demonstrated by her late majesty. when the house met at their session counsel, the first thing was to bear virtuous legion to your majesty, king charles. so it is my duty to present our humble address to you, our new king, to express both our sorrow and loss of our sovereign lady and our confidence in the future o

foundation for a new architecture of the world. it is extremely important that the sco unites like-minded states that rely on the principle of a polycentric model and resolutely oppose the attempts of individual countries and blocs to maintain a unipolar world. the result of attempts to establish such order in the world of the most cruel the political and economic crisis under these conditions, the strengthening and decisions of the organization acquires a special meaning here . and even disputes with china fade into the background from pakistan is also an indicator in the sco countries. there is a request specifically for creation, so that together they say this instead, and the example of india says this and the leader of china, firstly, it is necessary to strengthen mutual support, jointly strengthen and develop efforts to ensure our security joint to resist attempts by external forces to interfere in the internal affairs of the sco member countries, the second is to expand cooperation in the field of security. bilateral parade. you met with iran, the secretary general of the organization, the leader of uzbekistan, there is something to brag about the resu

this resolution as soon as possible before at the beginning of the school year, during the war, for the first time, the executive director of unicef, catherine russell, came to ukraine. the foundationties in zhytomyr oblast for the first time, unise implements a comprehensive program to support children. they joined the restoration of offline learning. they repaired bomb shelters in schools. they provide the necessary equipment to maternity and children's hospitals in the region. now they promise to help before the heating season. it is no longer possible to restore it, just build it from scratch , the director recalls, the material and technical base of the lyceum was exemplary, modern classes with interactive with boards, the chemical laboratory, everything under the rubble, a 3d printer was purchased in the future. and they wanted to use it there under the rubble, so they stayed, but today the chatkovo school was allocated this building of the former school for seven years. it was empty in the classrooms, the floor was rotten, the renovation began only on august 10, asphalt was laid at night windows were changed, shelters were set up for children in a week and a half, the walls

foundation for a new architecture of the world. it is extremely important that wool is united by like-minded states that rely on the principle of a polycentric model and resolutelyndividual countries and blocs to maintain a unipolar world. the result of attempts to establish such order in the world the most severe political and economic crisis under these conditions, the strengthening and decisions of the organization acquires a special meaning here . and even disputes with china fade into the background from pakistan is also an indicator in the sco countries. there is a request specifically for creation, so that together they say this instead, and the example of india says this and the leader of china sawed off them, it is necessary to strengthen mutual support, jointly strengthen and develop efforts to ensure our security in jointly resisting attempts by external forces to interfere in the internal affairs of the sco member countries, the second is to expand security cooperation. we met with iran, the secretary general of the organization, the leader of uzbekistan, there is something to brag about the results of the meeting, alexander lukashenko, sitimpin, joi

foundation for a new architecture of the world. it is extremely important that the state unites like-minded people who rely on the principle of a polycentric model and resolutelyppose the attempts of individual countries and blocs to maintain a unipolar world. the result of attempts to establish such an order in the world of the most severe political and economic crisis in these conditions, the strengthening and expansion of the organization takes on a special the appeal of the belarusian president to his colleagues from the height of political experience also sounds sincere in a special way. lukashenka can afford it. i have been in politics for more than one year. and i watched very carefully how, after the formation of the shanghai cooperation organization, it fought for its leadership as a regional leader. now and such a moment and the work of our organization and especially the events in the world have led to the fact that the world has changed significantly for everyone and we state that this world will no longer be the same as it was before and the views, as all progressive mankind used to say, our organization in the shanghai cooperation organization is

resoluteness, which people have grown used to and accustomed to. she so embodies that sort of british spirit of just keep calm, carry on. it is -- it sort so of shakes the foundationn, of the commonwealth, to think of her -- to think of anybody else on that thronethrone. >> well, yes, it really does because she was -- i want to say that she had an old fashioned sense of responsibility, purpose, mission and duty. and that is sort of soout of vogue. and she is not just the longest serving british queen, but in history the longest serving monday argue. there monarch. there was a french louie, he was put on the throne at the age of 4.argue. monarch. there was a french louie, he was put on the throne at the age of 4. but as meaningful, she has been the longest. it means that she has been involved in all the crucial moments of history first and foremost for the last 70 years from the war to then the cold war, to then the fall of the berlin wall. she went and visited berlin in '65 when the war was still up and she visited afterwards. she was friends and allies and business partners with every president back to harry truman, all though she met him before she became queen.

foundation, signed, sincerely, cheryl l. johnson, clerk. the speaker pro tempore: pursuant to section 1 of house resolution 1230, the house stands adjourned untiln tuesday, september 13, 2022. host: we are joined by diana olick, cnbc's real estate reporter to talk about housing prices. diana olick, where does the rate stand right now? they are changing every day, what is going on? guest: mortgage rates don't move day-to-day but you can get an average. we have a guy who runs them for us. we have seen this remarkable move higher since january. january we saw the 30-year fixed at re-percent. that was in your record low. came up in march and may. at june it was over 6%. it but i hammer unaffordability. came down a little bit in july and august. in the past week it shot up over 6% again. 6.25%. mortgage rates are a range, an average. it is double what we saw at the start of this year. host: why did she back up? guest: people say the fed raises rates. i will not bore anyone with details of how mortgage rates work. rates follow the yield on the 10-year treasury. the yield reacts to how investors feel about the overall economy. one the fed says we will

resolution to recommend it thooboard of supervisors to authorize the department of public health to accept and are expend a gift of $47.678.13 very specific from the san francisco general hospital foundation. for this we have greg waung who is administrative analyst. mr. wong. >> greg, are you there? greg, i unmuted you, are you there? commissioner, while hopefully greg is getting on board maybe mr. wagoner can help with that. the resolution is before you and somewhat self-explanatory so you can ask questions and hopefully someone can answer them. mr. wong hopefully can get on board, but it is in front of you. here we go. sorry, hi. >> hello mr. wong, thank you for joining in person. >> thank you. apologize for being late. >> no problem. >> the amendment of the health commission. thank you for taking time to hear the item. [difficulty hearing speaker] >> could you raise the microphone up a little bit? thank you, sir. >> members of the health commission, thank you for taking the time to hear the item. the (inaudible) education program gift is used for the english and spanish language (inaudible) [difficulty understanding speaker] is there any question for the gift? (inaudible) with the sub

it comes as a report from the resolution foundation think—tank warns three million people could be in poverty by next year without a change in government policy. a separate study from university college london has warned of the "dangerous consequences" for children of growing up in cold homes. meanwhile, in his final speech in office the prime minister is expected to announce up to £700 million of investment for a new nuclear reactor in suffolk. it's part of the government's long—term strategy to bring down energy costs but it could take 15 years to build and a final go—ahead will have to wait for mrjohnson�*s successor. jon donnison reports. is going nuclear the answer to britain's energy insecurity? the government says it wants to build eight new reactors, including one here at the existing plant at sizewell in suffolk. today, in his final days in the top job, borisjohnson is expected to pledge £700 million towards the sizewell c project, saying he never again wants the uk's energy needs to be at the mercy of international markets and foreign despots. what you've got to do — and wha

foundation, signed, sincerely, cheryl l. johnson, clerk. the speaker pro tempore: pursuant to section 1 of house resolution 1230, the house stands adjourned until 2-on tuesday, september 13, 2022.