an attempt by rishi sunak to revitalise town - rishi sunak to revitalise town centres. out, not only in journalism but in otherjobs i had done previously, being around colleagues means you do better enough, but as well as being around order colleagues to learn from, being around younger colleagues is important, so there is a pretty cynical political point to what rishi sunak is saying, but there is a pretty scenic and social aspect as well. , ., ., a pretty scenic and social aspect as well. , ., . well. there is that social aspect. there is also _ well. there is that social aspect. there is also the _ well. there is that social aspect. there is also the time _ there is also the time machine aspect, rachel. did i not see this exact headline this time last year? you did indeed. that is when the prime _ you did indeed. that is when the prime minister and the chancellor were _ prime minister and the chancellor were encouraging everyone to go back to work. _ were encouraging everyone to go back to work, which do not go down to woelfel— to work, which do not go down to woelfe

we then come back to rishi _ winning elections. we then come back to rishi sunak again.ns over whether that is causing — questions over whether that is causing tension between the pm and chancellor. but, yeah, these are all things— chancellor. but, yeah, these are all things that — chancellor. but, yeah, these are all things that they are going to have to work— things that they are going to have to work out pretty quickly. obviously, people don't want to spend _ obviously, people don't want to spend £10,000 on a replacement for a boiler _ spend £10,000 on a replacement for a boiler i_ spend £10,000 on a replacement for a boiler. i mean, are not a lot of peopie — boiler. i mean, are not a lot of people couldn't afford that. energy coasts. _ people couldn't afford that. energy coasts. as — people couldn't afford that. energy coasts, as we've seen this week, i've coasts, as we've seen this week, we already — coasts, as we've seen this week, i've already going up and then you've — i've already going up and then you've got the cost coming up of electric— you've got the cost c

he is not happy because rishi sunak. he is not happy because rishi sunak— rishi sunak.sunak had a letter leaked the other day calling for travel restrictions to be eased because clearly— restrictions to be eased because clearly worried about the economy, that's— clearly worried about the economy, that's his _ clearly worried about the economy, that's his as— clearly worried about the economy, that's his as chancellor. in a recent— that's his as chancellor. in a recent home poll of members, rishi sunak— recent home poll of members, rishi sunak is— recent home poll of members, rishi sunak is streets ahead of the prime minister— sunak is streets ahead of the prime minister in — sunak is streets ahead of the prime minister in terms of popularity ratings. — minister in terms of popularity ratings, 70 for percent. the prime minister— ratings, 70 for percent. the prime minister is — ratings, 70 for percent. the prime minister is in — ratings, 70 for percent. the prime minister is in single figuresjust ahead _ minister is in single figuresjust ahead of— minister is in single fi

— morning after he received a letter from rishi sunak in that paper the previous— from rishi sunak inr the previous day. and it was the chancellor demanding the end of all travel_ chancellor demanding the end of all travel restrictions and boris johnson _ travel restrictions and boris johnson was paris because it looked like a _ johnson was paris because it looked like a dhect— johnson was paris because it looked like a direct challenge to his authority which to an extent is. there _ authority which to an extent is. there is— authority which to an extent is. there is a — authority which to an extent is. there is a lot of tension between the chancellor and the prime minister— the chancellor and the prime minister at the moment. and according to the paper, the prime minister— according to the paper, the prime minister was so angry he threatened to demote _ minister was so angry he threatened to demote rishi sunak perhaps a health _ to demote rishi sunak perhaps a health secretary of which want to please _ health secretary of which want to please sajid javid when he reads this tomorrow m

and the fact that rishi sunak seems to have won this _ fact that rishi sunak seems to have won this battle telegraph story that there could be another push from tory backbenchers and from industry leaders — backbenchers and from industry leaders to wipe out effectively the green _ leaders to wipe out effectively the green watchlist, amber, air plus list entirely and just have a red list. _ list entirely and just have a red list. and — list entirely and just have a red list, and so effectively it goes from — list, and so effectively it goes from being... it goes very simple. you carr— from being... it goes very simple. you can go— from being... it goes very simple. you can go and everything is good or you come _ you can go and everything is good or you come back and there is a quarantine waiting for you. right, io, quarantine waiting for you. right, no, no quarantine waiting for you. right, go. no go! _ quarantine waiting for you. right, go. no go! that — quarantine waiting for you. right, go, no go! that would _ quarantine waiting for you. right, go, no go! that would be - quarantine waiti

sunak— johnson and the chancellor rishi sunak when they initially attempted to avoid _ sunak when theyn contact with somebody who had the virus. and people _ with somebody who had the virus. and people still— with somebody who had the virus. and people still remember dominic cummings, who was seen to have broken _ cummings, who was seen to have broken the — cummings, who was seen to have broken the rules, when he visited, he travelled with his family. i think— he travelled with his family. i think one _ he travelled with his family. i think one thing that really upsets people. _ think one thing that really upsets people, it's this feeling of hypocrisy, the feeling that their leaders — hypocrisy, the feeling that their leaders are not willing to make the same _ leaders are not willing to make the same sacrifices that the rest of us have _ same sacrifices that the rest of us have had — same sacrifices that the rest of us have had to — same sacrifices that the rest of us have had to make, and actually quite cheerfully _ have had to make, and actually quite cheerfully in many cases. this i

the success of the heat out to help out last summer was rishi _ out to help out last summer was rishibligation to talk up the economy and find _ obligation to talk up the economy and find a — obligation to talk up the economy and find a way of ensuring we get out of— and find a way of ensuring we get out of the — and find a way of ensuring we get out of the shop as quickly as we can _ out of the shop as quickly as we can and — out of the shop as quickly as we can. and also good news for people if they— can. and also good news for people if they can — can. and also good news for people if they can go on holiday and gives a bonus— if they can go on holiday and gives a bonus in— if they can go on holiday and gives a bonus in terms of electable favour as well_ a bonus in terms of electable favour as well so— a bonus in terms of electable favour as well so he is a smart operator, there _ as well so he is a smart operator, there is— as well so he is a smart operator, there is no— as well so he is a smart operator, there is no question of that, with acute _ there is no question of that, with

borisjohnson's sajid javid and rishi sunak were all penned at that point.climate summit because borisjohnson will need to... quite a long time away. i do wonder whether the whole kerfuffle about this crisis will bring that reshuffle forward. my general consent on mr raab is that he is not necessarily going to go anywhere right now. the sunday times reports that it was borisjohnson who allowed him to stay on holiday for another couple of days. when it comes to another reshuffle, it might expedite his move to another department. expedite his move to another department-— expedite his move to another department. thank you for that insiaht. department. thank you for that insight. joanna, _ department. thank you for that insight. joanna, do _ department. thank you for that insight. joanna, do you - department. thank you for that insight. joanna, do you want i department. thank you for that insight. joanna, do you want to j department. thank you for that - insight. joanna, do you want to take us onto the sunday people? this is a heartening story, really, given the

one of the things they're highlighting is that rishi sunak himself has talked about the positive benefitsg backin about the positive benefits of being back in the office. the fact that you learn from mentors, you learn from your peers, and you have perhaps even a different environment because the morejunior perhaps even a different environment because the more junior you are perhaps even a different environment because the morejunior you are in the pecking order of a company, the chances are you've got a less attractive home environment in which to do all your multi zooms, and you could actually... might be more compelling. i think what the ft is really drawing attention to, notwithstanding that we in the uk do seem to be more reluctant to go back into office and some other countries at the moment, so this does seem to be a moment where the ft is saying come on, if we're going to make this work and reinvigorate the towns and cities as well, then it's got to be thought through much more carefully. in the way you would you would —— if you are devising a business strategy for your company. y

rishi sunak lock horns with nhs on covid funding, so some serious pressure coming down the track forhanistan, and - the chancellor. all of our attention l has been on afghanistan, and we've managed _ has been on afghanistan, and we've managed to sideline covid as an issue _ managed to sideline covid as an issue in— managed to sideline covid as an issue in the last couple of weeks. currently. — issue in the last couple of weeks. currently, autumn as well as covid, perhaps— currently, autumn as well as covid, perhaps getting turkey for christmas, we will be talking about the economy. of course, the recovery slow the economy. of course, the recovery slow down— the economy. of course, the recovery slow down in— the economy. of course, the recovery slow down in recent weeks. there was an enormous— slow down in recent weeks. there was an enormous financial black hole to fill. an enormous financial black hole to fill all _ an enormous financial black hole to fill. all these departments are going — fill. all these departments are going to — fill. all these departments are going to want more

rishi sunak, the chancellor. — baxter. thank you. rishi sunak, the chancellor, seeing _ baxter.igure for the second quarter, april tojune, with that figure for the second quarter, apriltojune, but with that figure for the second quarter, april tojune, but he's not complacent because in the first quarter we saw the economy shrink and we were all expecting growth for this period because this was the period when the world started to open up again, people could get back into the shops, cafes, schools, but it was still slightly below the 5% prediction from the bank of england. let's speak to head off foreign exchange at rolo bank. does the strong number mean that fears of the delta variant and the so—called pingdemic were unfounded? the delta variant and the so-called pingdemic were unfounded? the data refers to the — pingdemic were unfounded? the data refers to the second _ pingdemic were unfounded? the data refers to the second quarter. - pingdemic were unfounded? the data refers to the second quarter. we i refers to the second quarter. we probably— refers to the second quarter. we

in that budget, rishi sunak decided to spend more than he was raising.emic. sarah corker has been finding out what this means for the career prospects of the under 25s. i think it will easily take at least two or three years to be getting back to where i was pre—pandemic. i had five interviews between february and march. three of them were rescinded because of the pandemic. a lot of what you realised from the past year is - like, life is short. you might as well be doing something that you love and that _ you're passionate about. when we first met portrait photographer drew back in october, covid restrictions were tightening and his manchester business was struggling. i already cut down all my expenses. i haven't left the house in months so i stopped paying for my office. i've got rid of all of that stuff. and it's not enough. today, his outlook is much brighter. as entertainment and art venues have reopened, his bookings are coming back but he knows the recovery will take time. what was the longest period of time that you went without any work? about 11

so, rishi rich, he's the one who gave me a helping hand in 2005. what is he?due. i'm aware that many musicians, they would hide the fact that they're bengali, or they would just outright deny it. why do you think certain people feel the need to do that? you know what? that's one thing i couldn't understand. i felt alone, because there was others who were hiding it. but for me, i was like, "no, man, i can't do this. i'm going to tell people where i'm from." and forget that, i couldn't even hide where i'm from. because then you could tell i was bangladeshi because i had a side parting from here to east london. ali laughs. man: ali official! hey, man, you good? man shouts indistinct greeting. you all right, yeah? i'm good, man. what's your name, man? wahid. what you doing here, my bro? just filming something for the bbc. let me take a picture. what's up, my skitz family? it's your boy bengali skitz here, back again with another video. look who i'm here with, ali official. let's go! my man, my man. watch his stuff! thank you, bro, i really appreciate it. bro, you

chancellor rishi sunak has put in place measures to help hospitality businesses in england survive.llion eat 0ut to help 0ut scheme. is that not yours? no! you're kidding me! they laugh it's not a veg katsu curry, or a regular chicken katsu curry? no, they're not ours. business rates in england were cut entirely this spring. now they're reduced by two thirds until april next year. mr sunak has also reduced uk vat rates for eligible hospitality businesses until april. scotland, wales and northern ireland have all had their own measures to help hospitality. kate nicholls, from uk hospitality, is concerned that even those measures won't be enough to save many businesses. we have a, sort of, economic long covid for the hospitality sector. part of that is because those businesses who have managed to survive the black swan of covid have come out with really high levels of debt and they are going to have to spend the next 18 months to two years paying down that debt before they can look confidently towards recovery and growth. those business rate bills kick in in full next march, and that'

rishi sunak said we need to get the country opens up again, reduce the number of restrictions that peoplen another direction on this occasion. , ., ., pushing in another direction on this occasion. ., ., , occasion. is that correct? that is correct, occasion. is that correct? that is correct. but _ occasion. is that correct? that is correct, but we _ occasion. is that correct? that is correct, but we need _ occasion. is that correct? that is correct, but we need to - occasion. is that correct? that is l correct, but we need to remember that the travel industry supports 3.8 millionjobs, and it is worth £257 billion, which is 10% of the uk gdp. £257 billion, which is 1096 of the uk gdp. ~ ., ., , £257 billion, which is 1096 of the uk gdp. .,_ gdp. we need to actually support the travel industry. _ gdp. we need to actually support the travel industry. the _ gdp. we need to actually support the travel industry. the messages - gdp. we need to actually support the travel industry. the messages are - travel industry. the messages are mixed. travel industry. the messages are mixed- you _ travel i

these are the things we present the department fully costed with money rishi sunak had already allocatedton with global skills and the government has underestimated the challenges of young people and schooling has face in the last two years and i am afraid there was an alternative, they do not choose and impact is there for all to see enough us up and congratulations to every young person for getting through this time, most of them will make these next steps which is the essential thing for those young people who do not have adults going to bat for them right now, we need to make sure we are looking out for them and where the system does not actually naturally move people on to the right destination because we are quite good at that in this country we need to make sure those young people are getting extra support and they get it so they can for this crucial moment in their lives. we will leave it _ crucial moment in their lives. we will leave it there. peter kyle thank you forjoining us. two children have been injured after a rollercoaster malfunctioned at an adventure park in the scotti

rishi sunak promises the u.k. will not see a return to the austerity policies of last decade.hancellor of the exchequer also says he works well with prime minister johnson. at the same time, he did the night he wants to succeed him one day. sunak did a round of interviews after reports that he and the prime minister disagree over their approach to spending. in poland, the government risks undermining relations with the united states and further antagonizing the european union, after the ruling party pushed through a couple of racial media law through parliament's lower chamber. the measure's purpose is ostensibly to protect broadcasters from takeovers but it targets discovery, the american owner of poland's largest television network. in china, authorities released a five-your blueprint calling for greater regulation of parts of the economy that provided a sweeping framework for the crackdown on key industries that have left investors really. the air is to be targeted include national security, and monopolies. global news 24 hours a day, on-air, and on bloomberg quicktake, pow

rishi sunak has recently won a high—profile battle to fight overseas aid.i imagine the chancellor will have to find it. , , i imagine the chancellor will have to find it. ,, , , ., to find it. it says the trust are worried- _ to find it. it says the trust are worried- if — to find it. it says the trust are worried. if they _ to find it. it says the trust are worried. if they don't - to find it. it says the trust are worried. if they don't get - to find it. it says the trust are worried. if they don't get the | worried. if they don't get the funding, the 13 million waiting list becomes much more likely. given that we've just been talking about cases being higher, it sounds like there is going to be unavoidable pressure on the chancellor here to find some more money from somewhere. absolutely. we do have the money. we can borrow _ absolutely. we do have the money. we can borrow it _ absolutely. we do have the money. we can borrow it very cheaply. we have millions _ can borrow it very cheaply. we have millions of— can borrow it very cheaply. we have millions o

rishi persaud saw the action unfold.ark, ben maher and six ridersjump off with equestrian park, ben maher and six riders jump off with a beautiful horse explosion w and all the hype about how good that horses in the way he floated around the arena, both in the third round does make a first round tonight and then in the jumper. has such a deceptive away about and that you think maybe he could go a bit faster, but he moved very quickly and has grace and elegance. the interesting thing about bennett meir, this is a big summerfor him, not only is he here at the olympics but he is getting married as well when he gets back home. —— interesting thing about ben maher. the olympics is the pinnacle in the equestrian world and to be here and compete is one thing, but to be here and gain a medal and podium position is a very special thing and when you can get your hands on gold, the ben maher, a second time for him, it is something that dreams are made of. well, it's a second career gold for maher, who won gold in the team jumping e

chancellor of the exchequer, rishi sunak, has promised the u.k.l not see a return to the austerity policies of the last decade. he did a round of broadcast interviews over the men's approach to spending. he said he worked well with the prime minister although he refused to deny that he wants to succeed johnson one day. global news, 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i am vonnie quinn. this is bloomberg. shery: we have plenty more to come on "daybreak australia." do stay with us. this is bloomberg. ♪ >> it is shaping up to be another busy day on the regulatory front in china. >> executives saying that they are going to be facing higher taxes going forward. >> they comply with all the regulations for all the markets we are in. this is something we will make sure we keep doing. >> bytedance may be eyeing a revival of its hong kong ipo plans according to them. >> local media in china, 21st century business news as well as bloomberg news saying bytedance has

chancellor of the exchequer rishi sunak speaking about the recovery. >> the fastest orderly growth inhe group of g-7 countries, and evidence that our jobs plan is working. but i am not complacent. the shocks that we have experienced are significant, and it will take us time to fully recover. guy: the bank of america not exact a buying the strength of the recovery we are seeing in the u.k. it cut its growth forecast for the u.k. today to 6.9%, and said the rebound is not exactly going to be v-shaped. let's get another take on the data. samuel tombs, pantheon macroeconomics' chief yuki economist, joins us now up -- chief u.k. economist, joins us now. they are still a laggard when it comes to its peer group. samuel: that is certainly true when you look at the u.k. as a whole. it was the worst performance we have seen in the rest of the g-7. japan hasn't released q2 data yet, but they already recovered much more from q1 anyway. the rest of europe is around 3%, so the u.k. is still lagging behind. with to have strong gains through q2, but all of the high-frequency data we are getting for j

jonathan: that was rishi sunak, the u.k. chancellor for the exchequer.om keene and lisa abramowicz, i'm jonathan ferro. your equity market this thursday morning shaping up as follows. record highs into thursday. your s&p 500 positive by 0.05%. next up for this market, 42 minutes away, the jobless claims in america. yields higher going into that, 1.3536%. yields up by a little more than two basis points today. tom: 30 year bond just over 2%. this is joy. part of david wilson's expertise in his book is a huge respect for at least studying what was canon and the old days, going back to richard russell and a guy named joseph granville. no one cares anymore except dave wilson. dave: i wouldn't go that far. i am sure that liz ann sonders cares over at charles schwab because today's chart is a version of one she had out yesterday. looking at the s&p 500, which is just setting record after record, relative to a cumulative ad line, for stocks listed on the new york stock exchange. the stoxx is important because you can do the same thing with n.y.c. securities, wh

let me take you to the front page of the express - - to the front page of the express — rishi sunak warnedthere is a commitment that the conservative party made in - that is? there is a commitment that the conservative party made in a - the conservative party made in a number of recent manifestos which basically means that pensioners get a guaranteed increase in the basic state pension that's either consistent with wages, growth, growth in prices, or a flat percentage. so it's really meant to help accelerate the huge improvement in welfare and britain. and up until very recently, pensioners were worse off on average than people of working age. and measures like this have changed that. i oversimplify, but in britain we have twice as many older people as younger people, they are twice as likely to vote. . so they are very hard to break promises to, so they keep promising pensioners more and more, and people are really losing out, the people of working age. if we had a government that was —— or any poetical party that was —— or any poetical party that was —— or any poetical party that was int

the chancellor rishi sunak has been speaking about the figures this morning.s and the opportunities they need to find great, well paid jobs. let's speak to our business presenter alice baxter. what is the reaction to these figures? what is the reaction to these filures? ,., ., ., what is the reaction to these filures? ., . ., ., figures? good morning, victoria. hue figures? good morning, victoria. huge attention — figures? good morning, victoria. huge attention on _ figures? good morning, victoria. huge attention on these - figures? good morning, victoria. huge attention on these figures. | huge attention on these figures. this was the quarter from april to june when the world started to open up june when the world started to open up again and consumers could get back into a cafe is in shops and people could get back into school. as we heard, the chancellor is pleased with the numbers. stop to sarah ewan, chief economist at standard chartered. is this figure of 11.8%, below the prediction of 5%, proof that the delta variant and the pandemic have not come to fr

rishi sunak there. the headlines on bbc news...depending on whether the passenger, who is fully vaccinated, and which area they come from, whether it is a high or low risk area. ultimately fully vaccinated passenger from a low risk area will be able to come into new zealand without having to isolate or quarantine. the other thing that jacinda ardern talked about is getting as many new zealanders vaccinated as possible in the coming few months of this year. the vaccination roll—out has been slow and the rates are still quite low — about 20% of new zealanders have been fully vaccinated and have had theirjabs. the country's elimination policy, which is the closing of the borders and snap lockdowns to contain outbreaks, have really helped it in controlling the spread of covid—19. it has become an international success story and it has also helped it in eliminating or in minimising the medical effects of the virus. since the beginning of the pandemic, new zealand has recorded less then 30, fewer than 30 deaths overall, but it has come a

looking at that coal that rishi sunak made.d from the success of the people around me, people with ten or 20 years experience. the earlier you are in a career the more time needs to be spent in the office, you cannot put a value on that, it is absolutely important, but the further you get on in your career you can be more flexible and you can have that time at home, but i think we all sufferfrom zoom have that time at home, but i think we all suffer from zoom overload and personal relationships will never be replaced. it personal relationships will never be re - laced. , , ., personal relationships will never be relaced. , , ., , replaced. it is interesting to see how companies _ replaced. it is interesting to see how companies and _ replaced. it is interesting to see how companies and workers - replaced. it is interesting to see how companies and workers are j replaced. it is interesting to see - how companies and workers are going to navigate this new world of flexible working. chris, really good to talk to you. i flexible wo

young people will see their careers benefit by working in the office, the chancellor, rishi sunak, has and under, see that they need to be working face—to—face with colleagues to do theirjob properly. that figure is only half that for people my age, i was born in 1965, i am a more established professional. young people recognise that the need to go into offices. the challenge, perhaps by the chancellor is addressing this, is that even though young people are often private renting, the living conditions are cramped, only 50% of them saying that working at home puts pressure on their well—being, the figure for my age is only 40%, they are more likely to see the need to go into an office, or are likely to see not comfortable at home, but most people do not like commuting, most people, including them, say they can work at home, even the ones who see the need to work face—to—face with other people in order to be effective, at the same time, one in five say they want to work completely remotely. it will be a challenge for employers to get young people, or some young people, back into the off