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Nov 25, 2020
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the spending review announced today sets us on spending review announced today sets usona spending reviewa path to deal with the material matters of government and it isa material matters of government and it is a clear statement of our priorities. but encouraging the individual and community brilliance on which a thriving society depends remains as ever they work unfinished. we in government can set the direction, better schools, unfinished. we in government can set the direction, betterschools, more homes, stronger defence, safer streets, green energy, technological development, enhanced roads, all investments creating jobs and giving every person in this country the chance to meet their potential. but it is the individual, family, and the community that must become stronger, healthier and happier a result. this is the true measure of our success. the spending announced todayis our success. the spending announced today is secondary to the courage, wisdom, kindness and creativity it unleashes. these are the incalculable but essential parts of our future and they cannot be mandated or dis
the spending review announced today sets us on spending review announced today sets usona spending reviewa path to deal with the material matters of government and it isa material matters of government and it is a clear statement of our priorities. but encouraging the individual and community brilliance on which a thriving society depends remains as ever they work unfinished. we in government can set the direction, better schools, unfinished. we in government can set the direction,...
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Nov 25, 2020
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one of the more controversial aspects of the spending review is the chancellor's decision to cut — forgives in aid to poorer countries. mr sunak told mps that to carry on spending abroad when we have a domestic emergency woud be difficult to justify to the british people. here's james landale. for years, the sight of a plane delivering british food and medicine has brought hope to millions. the humanitarian assistance and development that can, for some, mean the difference between life and death. but now the government has decided it's got to cut back. this is not something anybody wanted to have to do, but the truth is the nhs and helping people who are unemployed has to be the priority next year. last year, the uk spent £15 billion on foreign aid, about 0.7% of national income. it now the government wants to cut that legally binding target to just 0.5%. that means spending only £10 billion on a next year. —— on aid. this will leave the uk spending less in germany on 0.6%, but more than france on 0.4%. the aid budget has long faced questions about priorities, such as why some goes to
one of the more controversial aspects of the spending review is the chancellor's decision to cut — forgives in aid to poorer countries. mr sunak told mps that to carry on spending abroad when we have a domestic emergency woud be difficult to justify to the british people. here's james landale. for years, the sight of a plane delivering british food and medicine has brought hope to millions. the humanitarian assistance and development that can, for some, mean the difference between life and...
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Nov 20, 2020
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dave, i also want to ask you about the spending review and oui’ you about the spending review and ourthat although nhs workers will be protected from any pay freeze next year, that other front line workers may be affected by a pay freeze. again, we don't have the full details ahead of next week, but what is your reaction to that and do you have any understanding, given the public borrowing figures, as to a possible approach from the government where it has to introduce and pay freezes for public sector workers? to govern is to choose, and ultimately public sector workers and voters will look at the government and say what have you chosen to spend money on when the government is facing clearly significant economic pressures? there is a record spending on defence. that is the choice rather than those who have been at the forefront of the pandemic serving the public. if it is £20 million forjewelry designers who are go—betweens in ppe contracts, if that is how the government chooses to spend its money and ignores those people who have been supporting the public during this pandemic, of c
dave, i also want to ask you about the spending review and oui’ you about the spending review and ourthat although nhs workers will be protected from any pay freeze next year, that other front line workers may be affected by a pay freeze. again, we don't have the full details ahead of next week, but what is your reaction to that and do you have any understanding, given the public borrowing figures, as to a possible approach from the government where it has to introduce and pay freezes for...
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Nov 27, 2020
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, the spending review would be a huge task for you to process and explain.k us through how you go about doing that? in the days running up to it, we obviously try and scope out exactly what the broader parameters, and exactly how much is going to be spent. you tend to get quite a lot of it preannounced by the treasury. a mixture of leaks, unauthorised, but also actually the announcements that are going to come, say on the following wednesday, happening during the course of the previous few days. so you have to analyse there. there is a particular, there is a particular challenge there, because you don't get all the information, so you might get a partial announcment, the full announcement to come a few days later, so you have to be wary of exactly what is being communicated. and faisal, you have already hinted one of the concerns that viewers have, which is how far you should be reporting government leaks and rumours put out beforehand. if we take the example of the cut in foreign aid budget, which was definitely leaked well in advance, do you ever feel that
, the spending review would be a huge task for you to process and explain.k us through how you go about doing that? in the days running up to it, we obviously try and scope out exactly what the broader parameters, and exactly how much is going to be spent. you tend to get quite a lot of it preannounced by the treasury. a mixture of leaks, unauthorised, but also actually the announcements that are going to come, say on the following wednesday, happening during the course of the previous few...
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Nov 25, 2020
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we are hearing from the spending review the chancellor is going to be make, setting out spend for theonsibility forecasts are showing that economic impact of coronavirus make a sobering read, the cabinet has been told according toa number the cabinet has been told according to a number ten spokesman, so we have been warned that these obr forecasts about the economic impact of covid—19, of the pandemic, are going to make very difficult reading, and that is what we have been told according to a number ten spokesman. an inadequate stockpile of personal protective equipment in england before the pandemic and a surge in price because of a boom in global demand has cost the taxpayer around £10 billion. that's the findings of a report by britain's public spending watchdog, the national audit office. it says there was a particular shortage of gloves and aprons, and two orders for 75 million facemasks could not be used our special correspondent lucy manning reports. as nurses and doctors risked their lives to save others, they should have been protected. but a shortage of personal protective e
we are hearing from the spending review the chancellor is going to be make, setting out spend for theonsibility forecasts are showing that economic impact of coronavirus make a sobering read, the cabinet has been told according toa number the cabinet has been told according to a number ten spokesman, so we have been warned that these obr forecasts about the economic impact of covid—19, of the pandemic, are going to make very difficult reading, and that is what we have been told according to a...
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Nov 28, 2020
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as well as that spending review there was a sad and distressing breaking news story to report.ome to bbc news and we begin this morning with the news which has just emerged in the last few minutes which we brought you in the headlines that the duchess of sussex has revealed she has had a miscarriage. she revealed the news in an article she has written for the new york times. christine e—mailed us to say this morning we had three videos of naked and, while of the comments in the new york times, followed closely with the story being bad word for word. newsjustjust coming in in the last few moments that the argentinian football legend maradona has died. jan riddle was less than impressed with the coverage that followed thank you for all your comments this week. if you want to share your opinions about what you see or hearan your opinions about what you see or hear an bbc news e—mail or you can find us on twitter. you can call us. we will be back next week. goodbye. hello there. friday was a decidedly chilly day, particularly in those places where fog lingered. the weekend promises
as well as that spending review there was a sad and distressing breaking news story to report.ome to bbc news and we begin this morning with the news which has just emerged in the last few minutes which we brought you in the headlines that the duchess of sussex has revealed she has had a miscarriage. she revealed the news in an article she has written for the new york times. christine e—mailed us to say this morning we had three videos of naked and, while of the comments in the new york...
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Nov 25, 2020
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the spending review will give a boost to the nhs, but expect a sting in the tail for public sector workersnd private pensions. the spending watchdog says ppe stockpiles in england were inadequate for the covid pandemic, with a surge in price costing the taxpayer around £10 billion. and coming up this hour, shut for the first time in a century — how the closure of a village hall in rural wiltshire has affected a whole community during the pandemic. hello, good morning, welcome to bbc news. we begin with some news that has just news. we begin with some news that hasjust emerged in news. we begin with some news that has just emerged in the last few minutes, which we brought to you in the headlines. the duchess of sussex has revealed she has had a miscarriage in an article she has written for the new york times. she says that she miscarried in july, and her article for the new york times begins, it began as an ordinaryjuly morning, as ordinary as any other day, making breakfast, feeding her dogs, taking vitamins, finding a missing sock, picking up a rogue crayon that rolled under the table. sh
the spending review will give a boost to the nhs, but expect a sting in the tail for public sector workersnd private pensions. the spending watchdog says ppe stockpiles in england were inadequate for the covid pandemic, with a surge in price costing the taxpayer around £10 billion. and coming up this hour, shut for the first time in a century — how the closure of a village hall in rural wiltshire has affected a whole community during the pandemic. hello, good morning, welcome to bbc news. we...
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Nov 25, 2020
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more now on the spending review.le of next year. 1.6 million people are currently out of work in the uk. mr sunak confirmed that public sector workers, excluding some nhs staff, will have their pay frozen to help repay more than £390 billion the government has borrowed this year due to the coronavirus pandemic. we're nowjoined by dr andrew sentance, former member of the monetary policy committee at bank of england, now senior adviser at cambridge econometrics. it is not just it is notjust my mouth in trouble, my eyes are watering and that is because of the figures, are yours? certainly we have not seen borrowing figures of this sort in peace time before. nearly £400 billion, 20%, one fifth of the amount the economy produces each year. and the economy is expected to contract by about “.5%. is expected to contract by about 11.5%. also, it is the biggest decline we have recorded, possibly for 300 years so the figures we have are particularly reliable. these are dramatic figures for the short—term, but the most interesti
more now on the spending review.le of next year. 1.6 million people are currently out of work in the uk. mr sunak confirmed that public sector workers, excluding some nhs staff, will have their pay frozen to help repay more than £390 billion the government has borrowed this year due to the coronavirus pandemic. we're nowjoined by dr andrew sentance, former member of the monetary policy committee at bank of england, now senior adviser at cambridge econometrics. it is not just it is notjust my...
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Nov 22, 2020
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when he unveils his spending review. it's not a budget. so there is going to be some tough news. i think most of the really difficult decision seem to have been postponed until next year. and i'm glad you managed to say bubbles with bubbles. now i can't say. you aren't making me feel so much better, john. can i pick up on the next front page that we look at? the guardian, quite interesting, pm promises mass testing to head off to a rate result. yes, as sam said there is going to be a vote in parliament on thursday for top which i think makes sense. i think the change in regulations ought to come as late as possible. before the end of that lockdown on the 2nd of december. because you want to take into account the latest possible data. there is already a lots of discontent among conservative mps, libertarians who don't like the lockdown at all. don't want start restrictions. especially on the hospitality business was up they are very worried about jobs hospitality business was up they are very worried aboutjobs in the hospitality business was up to the prime minister is obviously t
when he unveils his spending review. it's not a budget. so there is going to be some tough news. i think most of the really difficult decision seem to have been postponed until next year. and i'm glad you managed to say bubbles with bubbles. now i can't say. you aren't making me feel so much better, john. can i pick up on the next front page that we look at? the guardian, quite interesting, pm promises mass testing to head off to a rate result. yes, as sam said there is going to be a vote in...
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Nov 27, 2020
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we are looking at the decision of reducing international aid in the spending review. of all we will talk about the new tier system. it is adam in the studio. and laura in the studio. and chris in my cupboard. we have had another date will be learnt about the new system for controlling coronavirus and i was thinking back about what we have been through. the pre— lockdown, swedish lockdown. the full lockdown. the reopening. the local lockdown. a few more. speculation about the circuit breaker. tier system version one. english lockdown. tier system version two. that is just england. of course scotla nd just england. of course scotland had the fire break. just england. of course scotland had the fire breakm is probably what you feel so tired. this is boris johnson. the allocation of tears will be reviewed every 14 days, starting on the 16th of december so your tear is not your destiny. every area has the means of escape and i have no doubt that together we can get through this winter, suppress the virus until vaccines come to oui’ suppress the virus until vaccines come to
we are looking at the decision of reducing international aid in the spending review. of all we will talk about the new tier system. it is adam in the studio. and laura in the studio. and chris in my cupboard. we have had another date will be learnt about the new system for controlling coronavirus and i was thinking back about what we have been through. the pre— lockdown, swedish lockdown. the full lockdown. the reopening. the local lockdown. a few more. speculation about the circuit breaker....
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Nov 22, 2020
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also this week — in his spending review, the chancellor will promise to remove the bias against northernnding is allocated. mr sunak said the changes were part of the government's "levelling up" agenda. at the moment investment in big spending projects is currently linked to property prices. but what does "levelling up" mean and how can it be achieved? well to discuss that, joining me now is paul swinney from the centre for cities — a thinktank that aims to improve the economies of the uk's largest cities and towns. thank you for being with us. this contention has appeared quite a lot in the media over the last few days, this idea that the treasury rules, the so—called green book, assessment process of proposals actually is biased in formula and in the way it operates against areas outside london and the south—east of england. what is your explanation for why those projects don't get the go—ahead? for why those projects don't get the go-ahead? there are a number of explanations as to why. i think a lot of the reasons people believe, the ones you have just set out there, it gets boiled do
also this week — in his spending review, the chancellor will promise to remove the bias against northernnding is allocated. mr sunak said the changes were part of the government's "levelling up" agenda. at the moment investment in big spending projects is currently linked to property prices. but what does "levelling up" mean and how can it be achieved? well to discuss that, joining me now is paul swinney from the centre for cities — a thinktank that aims to improve the...
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Nov 25, 2020
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and what is missing altogether from this spending review is the impact of brexit.had called for a policy to save jobs and create jobs, to create a fairer, greener economy and to ensure that no one was left behind, and the chancellor hasn't delivered that. certainly, no—one in parliament will push ministers to pare back right now. with so much uncertain, the disease so hard to predict, even the mighty treasury may have to watch and wait. laura kuenssberg, bbc news, westminster. the office for budget responsibility has calculated that the uk economy will shrink by more than 11% this year alone. and this is happening while the government is spending hundreds of billions of pounds of borrowed money to deal with the pandemic and its effects. as our economics editor faisal islam reports, there's been very little progress so far in the task of repaying the debt. grim economic numbers are of no surprise to anyone looking out on a high street. here in wakefield in yorkshire, lockdown means no shoppers or staff, but as elsewhere, months of pandemic uncertainty have seen the
and what is missing altogether from this spending review is the impact of brexit.had called for a policy to save jobs and create jobs, to create a fairer, greener economy and to ensure that no one was left behind, and the chancellor hasn't delivered that. certainly, no—one in parliament will push ministers to pare back right now. with so much uncertain, the disease so hard to predict, even the mighty treasury may have to watch and wait. laura kuenssberg, bbc news, westminster. the office for...
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Nov 24, 2020
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the chancellor rishi sunak will set out details of his spending review tomorrow.nak will announce a new three—year, £2.9 billion scheme to help one million unemployed people look for work. it comes as the mayor of greater manchester, labour's andy burnham warned that the north of england was facing an economic crisis ‘worse than the 1980s'. here's our economics editor faisal islam. a year ayearago, a year ago, before the lockdown, the sharpest recession, places like this, middleton was said what the government would bejudged by. this is part of the new blue wall and the promise to level up the economy will feature in tomorrow's spending review, but here, some locals are yet to see change. we were promised a metrolink for 15 and 20 years and it is still not happened. it's one of those. promises are made, but its actions more than words. as much as we can believe borisjohnson's promises of course, given time and patience by everyone, yeah, we can still level up. the regional mayor here, andy burnham, who has clashed with government over the covid lockdown is means l
the chancellor rishi sunak will set out details of his spending review tomorrow.nak will announce a new three—year, £2.9 billion scheme to help one million unemployed people look for work. it comes as the mayor of greater manchester, labour's andy burnham warned that the north of england was facing an economic crisis ‘worse than the 1980s'. here's our economics editor faisal islam. a year ayearago, a year ago, before the lockdown, the sharpest recession, places like this, middleton was...
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Nov 21, 2020
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the reforms are due to be unveiled in parliament at next week's spending review. correspondent katy austin is here it has been spend, spend, spend all year because of the pandemic. people might be surprised the chancellor a p pa re ntly might be surprised the chancellor a ppa re ntly wa nts to might be surprised the chancellor apparently wants to spend more. that's right. the response to the coronavirus pandemic has cost £200 billion and borrowing has risen to record levels so questions loom on how to get the public finances back on to how to get the public finances back ontoa how to get the public finances back on to a more sustainable footing however with its so—called commitment to levelling up and spreading prosperity across the country the government also wants to be talking about investment and investment in big public projects, so investment in big public projects, so at the spending review we are expecting the chancellor will announce tens of billions of pounds —— tens of millions of pounds toward infrastructure and road improvement and the long delayed in
the reforms are due to be unveiled in parliament at next week's spending review. correspondent katy austin is here it has been spend, spend, spend all year because of the pandemic. people might be surprised the chancellor a p pa re ntly might be surprised the chancellor a ppa re ntly wa nts to might be surprised the chancellor apparently wants to spend more. that's right. the response to the coronavirus pandemic has cost £200 billion and borrowing has risen to record levels so questions loom...
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Nov 24, 2020
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the chancellor, rishi sunak, will set out details of his spending review tomorrow.ounce a new three—year, £2.9 billion scheme to help 1 million unemployed people look for work. it comes as the mayor of greater manchester, labour's andy burnham, warned that the north of england was facing an economic crisis "worse than the 1980s". here's our economics editor, faisal islam. a year ago, before the pandemic, before the lockdown, before the sharpest recession, it was places like this, middleton, that the government said it would bejudged by. this seat in greater manchester, part of the new blue wall. the promise to level up the economy will feature in tomorrow's spending review, but here, some locals are yet to see change. we were promised a metrolink for 15, 20 years and it has still not happened. it's one of those. promises are made, but it's actions more than words. as much as we can believe boris johnson's promises of course, but yeah, given time and given patience by everyone, yeah, he can still level up. the regional mayor here, andy burnham, who has clashed with g
the chancellor, rishi sunak, will set out details of his spending review tomorrow.ounce a new three—year, £2.9 billion scheme to help 1 million unemployed people look for work. it comes as the mayor of greater manchester, labour's andy burnham, warned that the north of england was facing an economic crisis "worse than the 1980s". here's our economics editor, faisal islam. a year ago, before the pandemic, before the lockdown, before the sharpest recession, it was places like this,...
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Nov 28, 2020
11/20
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as well as that spending review there was a sad and distressing breaking news story to report. this morning with the news which has just emerged in the last few minutes which we brought you in the headlines that the duchess of sussex has revealed she has had a miscarriage. she revealed the news in an article she has written for the new york times. christine e—mailed us to say this morning we had three videosand, while of the comments in the new york times, followed closely with the story being read word for word. newsjust coming in in the last few moments that the argentinian football legend maradona has died. jan riddle was less than impressed with the coverage that followed thank you for all your comments this week. if you want to share your opinions about what you see or hear an bbc news e—mail or you can find us on twitter. you can call us. hello there. friday was a decidedly chilly day, particularly in those places where fog lingered. the weekend promises something just a little bit milder, but it will often be quite cloudy, that cloud at times will produce the odd spot of
as well as that spending review there was a sad and distressing breaking news story to report. this morning with the news which has just emerged in the last few minutes which we brought you in the headlines that the duchess of sussex has revealed she has had a miscarriage. she revealed the news in an article she has written for the new york times. christine e—mailed us to say this morning we had three videosand, while of the comments in the new york times, followed closely with the story...
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Nov 26, 2020
11/20
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as the chancellor delivers a sobering spending review.ealth emergency is not yet over, and our economic emergency has onlyjust begun. labour say rishi sunak‘s hitting workers in their pockets. earlier this year the chancellor stood on this doorstep and clapped for key workers, today his government institutes a pay freeze for many of them. and plans to cut overseas aid lead to one minister resigning amid conservative protests. none of us in this house will be able to look our children in the eye and claim we did not know what we were voting for. the chancellor, rishi sunak, has laid bare the scale of the economic crisis and the cost of coronavirus in his spending review. the economy will shrink by 11% this year. unemployment could hit two point six million in 2021 as a result of the pandemic. rishi sunak, who later visited a vaccine research centre, told mps there'd be a fund to help the long term unemployed into work. but almost half of public sector workers although not front line nhs staff will see their pay frozen. an international dev
as the chancellor delivers a sobering spending review.ealth emergency is not yet over, and our economic emergency has onlyjust begun. labour say rishi sunak‘s hitting workers in their pockets. earlier this year the chancellor stood on this doorstep and clapped for key workers, today his government institutes a pay freeze for many of them. and plans to cut overseas aid lead to one minister resigning amid conservative protests. none of us in this house will be able to look our children in the...
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Nov 25, 2020
11/20
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looks to repair some of the economic damage in today's spending review.ords ofs back, the president-elect joe biden as he introduces his foreign policy team. janet yellen faces a tricky start, as steven mnuchin puts funding beyond her reach. good morning. 6:00 a.m. in london, 10:00 a.m. across the emirates. a jampacked show for you, including emirates president tim clark. he spoke to manus cranny about a host of issues in the travel sector. also, likely an appearance from manus himself. what a day it was and a 24 hours it was, as chris weston put it, a nirvana has dissented over the scended over the market. dow jones topping 30,000 for the first time. s&p 500 index, we do have closing at an all-time high. we are losing a bit of momentum. flat across the asian market and flat across u.s. equity futures. we are seeing a steepening of the yield curve, not at the highs we saw recently, but we are seeing it steepening. jp morgan this morning also saying 10 year yields may hit 1.3% by the end of next year. oil on an absolute tear. $45 handle. brent closing in o
looks to repair some of the economic damage in today's spending review.ords ofs back, the president-elect joe biden as he introduces his foreign policy team. janet yellen faces a tricky start, as steven mnuchin puts funding beyond her reach. good morning. 6:00 a.m. in london, 10:00 a.m. across the emirates. a jampacked show for you, including emirates president tim clark. he spoke to manus cranny about a host of issues in the travel sector. also, likely an appearance from manus himself. what a...
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Nov 28, 2020
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mr speaker, today's spending review delivers on the priorities of the british people.emergency is not yet over, and our economic emergency has onlyjust begun. so our immediate priority is to protect people's lives and livelihoods. the figures from the office for budget responsibility were grim. the obr forecast the economy will contract this year by 11.3%. the largest fall in output for more than 300 years. on pay, he said private sector wages had fallen while public sector wages rose. in such a difficult context for the private sector, especially for those people working in sectors like retail, hospitality and leisure, i cannotjustify a significant across—the—boa rd pay increase for all public sector workers. the cut in aid spending from 0.7% of national income had also been widely trailed. but during a domestic fiscal emergency, when we need to prioritise our limited resources on jobs and public services, sticking rigidly to spending 0.7% of our national income on overseas aid is difficult to justify to the british people. his labour shadow criticised the pay freeze.
mr speaker, today's spending review delivers on the priorities of the british people.emergency is not yet over, and our economic emergency has onlyjust begun. so our immediate priority is to protect people's lives and livelihoods. the figures from the office for budget responsibility were grim. the obr forecast the economy will contract this year by 11.3%. the largest fall in output for more than 300 years. on pay, he said private sector wages had fallen while public sector wages rose. in such...
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Nov 21, 2020
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they'll be announced in the spending review next week, as our business correspondent katy austin reportsvide a tangible, long lasting boost to the economy. historically some areas feel they haven't had their fair share. this business in hull says that better connections to other cities like york would really help. i feel that the north cities like york would really help. ifeel that the north has cities like york would really help. i feel that the north has often served second fiddle to the south. i appreciate it's where the capital is, where a lot of businesses are. but the playing field is getting more and more lopsided. it needs to be levelled. the question looms of how to put the public finances back ona how to put the public finances back on a sustainable footing after the huge cost of coronavirus but the government still wants to be talking about investing, too, across the whole of the uk. next week in the spending review the chancellor wish you soon that is expected to announce tens of billions of pounds for infrastructure including road improvements —— the chancellor rishi sunak.
they'll be announced in the spending review next week, as our business correspondent katy austin reportsvide a tangible, long lasting boost to the economy. historically some areas feel they haven't had their fair share. this business in hull says that better connections to other cities like york would really help. i feel that the north cities like york would really help. ifeel that the north has cities like york would really help. i feel that the north has often served second fiddle to the...
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Nov 21, 2020
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the reforms are due to be unveiled in parliament at next week's spending review.details. with its political commitment to so—called levelling up, spreading prosperity across the country, the government wants to be talking about investment too, and investment in big public projects. so at the spending review, we are expecting the chancellor will announce tens of billions of pounds towards infrastructure, including road improvements, and the long—delayed national infrastructure strategy will be published, setting up flagship schemes on things like fibre broadband, flood defences and transport. and yes, another big change is that the treasury's so—called green book, how it assesses the value of certain projects, will change towards considering the regional impact more, not just looking at the benefit compared to cost, which has been seen to favour london and the south—east at the expense of other regions, including the north. another thing we are expecting to hear about is something called a uk shared prosperity fund. this is replacing money the european union has al
the reforms are due to be unveiled in parliament at next week's spending review.details. with its political commitment to so—called levelling up, spreading prosperity across the country, the government wants to be talking about investment too, and investment in big public projects. so at the spending review, we are expecting the chancellor will announce tens of billions of pounds towards infrastructure, including road improvements, and the long—delayed national infrastructure strategy will...
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Nov 21, 2020
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next week in the spending review the chancellor, rishi sunak, is expected to announce tens of billionsad improvements. the delayed national infrastructure strategy will be published, covering flagship programmes such as fibre broadband and investment in green projects. the rules the treasury uses to assess the value for money of big investments will change in an effort to remove a long—standing bias towards london and the south—east and focus on the possible regional benefits of schemes. and, to replace money previously allocated to poorer regions by the eu, a fund will be unveiled targeted at areas including coastal communities and former industrial heartlands. an independent 6roup representing business and civic leaders across the north of england welcomed the plans, saying that projects like transport were crucial to improve productivity and prosperity. we will not close the north—south divide if we don't build the full high—speed north network, meaning hs2 on the east and west of the country and a new line across the pennines. labour's shadow chancellor anneliese dodds called for t
next week in the spending review the chancellor, rishi sunak, is expected to announce tens of billionsad improvements. the delayed national infrastructure strategy will be published, covering flagship programmes such as fibre broadband and investment in green projects. the rules the treasury uses to assess the value for money of big investments will change in an effort to remove a long—standing bias towards london and the south—east and focus on the possible regional benefits of schemes....
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Nov 22, 2020
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they'll be announced in the spending review next week, as our business correspondent katy austin reportsjor public projects like new transport links can provide a tangible, long lasting boost to the economy. historically some areas feel they haven't had their fair share. this business in hull says that better connections to other cities like york would really help. i feel that the north has often served second fiddle to the south. i appreciate it's where the capital is, where a lot of businesses . but the playing field is getting more and more lopsided. it needs to be levelled. the question looms of how to put the public finances back on a sustainable footing after the huge cost of coronavirus but the government still wants to be talking about investing, too, across the whole of the uk. next week in the spending review the chancellor, rishi sunak, is expected to announce tens of billions of pounds for infrastructure, including road improvements. the delayed national infrastructure strategy will be published, covering flagship programmes such as fibre broadband and investment in green pro
they'll be announced in the spending review next week, as our business correspondent katy austin reportsjor public projects like new transport links can provide a tangible, long lasting boost to the economy. historically some areas feel they haven't had their fair share. this business in hull says that better connections to other cities like york would really help. i feel that the north has often served second fiddle to the south. i appreciate it's where the capital is, where a lot of...
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Nov 25, 2020
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what positives were in this spending review for you as far as you're concerned? crashing end and he failed to recognise a number of things. one is around leveling up, the other thing about key workers that stop this country going into total lockdown for those people not to be recognised, the teachers, firefighters, police officers and third, his total abandonment of the 3 million people who have self employed and freelance workers who have been excluded and forgotten. it's nothing short of a scandal of his own making. and yet, he hasn't fulfilled many of those manifesto pledges that you refer to. st certainly leveling up, we've had nine figure for billion pounds it's more likely to be for billion pounds which is competitive funds in it'll bea which is competitive funds in it'll be a contest of tory mps going to see the chancellors with their pet projects. it is that found that i was driving out with my question. have you been given any details? do you have any sense of what could potentially come your way, of how this could benefit your region? what do you know?
what positives were in this spending review for you as far as you're concerned? crashing end and he failed to recognise a number of things. one is around leveling up, the other thing about key workers that stop this country going into total lockdown for those people not to be recognised, the teachers, firefighters, police officers and third, his total abandonment of the 3 million people who have self employed and freelance workers who have been excluded and forgotten. it's nothing short of a...
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Nov 25, 2020
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that will hurt people affected, the reality is there are still extraordinary spending in this spending reviewthis pandemic. the money saved by those announcements which are deeply controversial will really be very small change compared to the colossal spending he said has to be necessary to combat what he called an economic emergency. the office for budget responsibility, which a nalyses for budget responsibility, which analyses the spending, said there's about an extra £20 billion of spending in each of the different announcements that rishi sunak has had to make. £20 billion in context is basically a huge budget package in normal times, and he's had to do 14 in normal times, and he's had to do 1a of them. in normal times, and he's had to do 14 of them. it's eye watering. the times also noting the announcements the chancellor had to make today. given that were looking at the covid—19 costing three years of growth to the economy, is there anything in particular that stands out to you that made you think, "my goodness?" we have the things that have happened, already the 0pi is saying the econo
that will hurt people affected, the reality is there are still extraordinary spending in this spending reviewthis pandemic. the money saved by those announcements which are deeply controversial will really be very small change compared to the colossal spending he said has to be necessary to combat what he called an economic emergency. the office for budget responsibility, which a nalyses for budget responsibility, which analyses the spending, said there's about an extra £20 billion of spending...
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Nov 19, 2020
11/20
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this is what we are expecting to hear from the chancellor next week when he unveiled his spending reviewys before any autumn statement on any budget you get the leaks, the question is which one do you believe. two days ago it was told roles and charging pricing for people to drive their cars out of the country. there was one way. all kinds of other things like slashing the 0.7% of gdp target on international targets but this one looks more credible, and easy way of getting somebody back into the economy, the problem is how much the government has spent on the so—called magic money but 60 bring a pound or something like that, of course every week to support people in key to my fellows to help others businesses, the real concern here is that although nhs workers will be protected and recognition of the exit door into every if they made to keep her safe during this pandemic, the millions and millions of other people public—sector workers, teachers, police and other civil serva nts teachers, police and other civil servants who will be squeezed. —— extraordinary service they made. they went t
this is what we are expecting to hear from the chancellor next week when he unveiled his spending reviewys before any autumn statement on any budget you get the leaks, the question is which one do you believe. two days ago it was told roles and charging pricing for people to drive their cars out of the country. there was one way. all kinds of other things like slashing the 0.7% of gdp target on international targets but this one looks more credible, and easy way of getting somebody back into...
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Nov 25, 2020
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sunak's spending review confirms the u.k. will see it's because contraction in 300 years. cuts in overseas spending and record peace time borrowing. we will be joined by the chief secretary of the treasury to discuss spending review shortly. the ecb warning that euro area banks will probably need to provision for more loan losses next year, calling into question the restart of dividend payments to investors. the president of the european commission warning against easing covid restrictions too soon. ursula von der leyen sees the risk of a third wave is still too great. we will get an update on that story in just a moment. in the meantime, let me tell you about what is happening in the market. stocks retreating a little bit off of their cyclical upswing they have been on of late. europe, as you can see, down by 0.2%. not getting back ground within the markets. the oil sector has done very well of late. the banking sector has done very well of late. just beginning to fade down today. the s&p is down by 0.3 percent, but it is a similar story. this value cyclical story, the rot
sunak's spending review confirms the u.k. will see it's because contraction in 300 years. cuts in overseas spending and record peace time borrowing. we will be joined by the chief secretary of the treasury to discuss spending review shortly. the ecb warning that euro area banks will probably need to provision for more loan losses next year, calling into question the restart of dividend payments to investors. the president of the european commission warning against easing covid restrictions too...
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Nov 22, 2020
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one more thing we have to look at this week is the chancellor's spending review.en some interesting signals today about, for example, not looking at tax rises, more money for the nhs. is the message, we will not worry about the orange until we're well past the crisis, both and health until... not worry about the borrowing until we're well past the crisis. he will surely plan for how things will get back onto. the hint is he will not have to actually implement tax rises yet but they will be coming. what is still up for negotiation is when they decide to do it. the electoral cycle comes into this and some are saying, it is better to do that now, so having been the chancellor who has been throwing money around and being incredibly popular, lots of people say that because of it, that will actually mean he has to do the opposite. when is best to do that? for the conservative party, notjust before a general election. and on whom it falls and when it falls is going to be extremely throat. i think he is very much aware of all of that. —— extremely throat. he said that wha
one more thing we have to look at this week is the chancellor's spending review.en some interesting signals today about, for example, not looking at tax rises, more money for the nhs. is the message, we will not worry about the orange until we're well past the crisis, both and health until... not worry about the borrowing until we're well past the crisis. he will surely plan for how things will get back onto. the hint is he will not have to actually implement tax rises yet but they will be...
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Nov 22, 2020
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despite the boost to the health service due to be pledged in the spending review on wednesday, todaympact of coronavirus on the economy must eventually be paid for. as you can see from this graph, public sector debt currently stands at over £2 trillion. you can see a sharp rise in that debt in 2020, as the government borrowed money to deal with the current crisis. 0n the andrew marr show this morning, the director of the institute for fiscal studies, pauljohnson, said that the level of borrowing this year was, as a fraction of national income, the highest ever outside of the two world wars. we have probably the biggest output in recorded history, it bounced back in the summer but it is now, the economy, 10% smaller than it was a year ago. we have borrowed an eye watering amount of money to do with the pandemic, have it we? at least £350 million this year, depending on the governance do next over the next few months, that would make it the most we have ever borrowed outside of the second and first world was. we saw the financial crisis but this is much bigger. does that mean we must s
despite the boost to the health service due to be pledged in the spending review on wednesday, todaympact of coronavirus on the economy must eventually be paid for. as you can see from this graph, public sector debt currently stands at over £2 trillion. you can see a sharp rise in that debt in 2020, as the government borrowed money to deal with the current crisis. 0n the andrew marr show this morning, the director of the institute for fiscal studies, pauljohnson, said that the level of...
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Nov 22, 2020
11/20
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despite a boost to the health service, due to be pledged in the spending review on wednesday, today,id the impact of coronavirus on the economy must eventually be paid for. as you can see from this graph, public sector debt currently stands at over £2 trillion. you can see a sharp rise in that debt in 2020 as the government borrowed money to deal with the current crisis. 0n the andrew marr show this morning, the director of the institute for fiscal studies, pauljohnson, said that the level of borrowing this year was, as a fraction of national income, the highest ever outside of the two world wars. have a huge reduction in economic output, the biggest recorded in history, it bounced back in the middle of the year. but it is at least 10% smaller, the economy, then a year ago. and we have borrowed an eye watering amount of money to deal with a pandemic as well, haven't we? at least 350 billion this year, a fraction of national income. so we thought what we saw back in the financial crisis was huge but this is bigger. does that mean we have got to stop borrowing? we have to reduce borrow
despite a boost to the health service, due to be pledged in the spending review on wednesday, today,id the impact of coronavirus on the economy must eventually be paid for. as you can see from this graph, public sector debt currently stands at over £2 trillion. you can see a sharp rise in that debt in 2020 as the government borrowed money to deal with the current crisis. 0n the andrew marr show this morning, the director of the institute for fiscal studies, pauljohnson, said that the level of...
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Nov 20, 2020
11/20
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the chancellor is expected to make the announcement in next week's spending review.ontinues to face a spiralling government debt after borrowing climbed to {22.3 billion last month — the highest october borrowing figure since records began. the government has borrowed nearly £215 billion so far this year — £169 billion more than the same time in 2019. the uk's national debt continues to rise to nearly £2.1 trillion. more on that in a moment, but first our economics editor faisal islam reports on the potential pay freeze. millions of public sector workers face a pay freeze at next week's spending review as chancellor rishi sunak makes the case for pay restraint to reflect falls in private—sector earnings during this pandemic—afflicted year. at the start of the spending review process, the chancellor outlined that in the interests of fairness, we must exercise restraint in future public sector pay awards, ensuring parity with the private sector. the treasury has taken an interest in a report on the issue by the centre for policy studies, suggesting a three—year freeze
the chancellor is expected to make the announcement in next week's spending review.ontinues to face a spiralling government debt after borrowing climbed to {22.3 billion last month — the highest october borrowing figure since records began. the government has borrowed nearly £215 billion so far this year — £169 billion more than the same time in 2019. the uk's national debt continues to rise to nearly £2.1 trillion. more on that in a moment, but first our economics editor faisal islam...
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Nov 22, 2020
11/20
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they'll be announced in the spending review next week, as our business correspondent katy austin reportsr public projects like new transport links can provide a tangible, long—lasting boost to the economy. historically, some areas feel they haven't had theirfair share. this business in hull says that better connections to other cities like york would really help. i feel that the north has often played second fiddle to the south. i appreciate it's where the capital is, and where a lot of businesses are, but the playing field is getting more and more lopsided. it needs to be levelled. the question looms of how to put the public finances back on a sustainable footing after the huge cost of coronavirus but the government still wants to be talking about investing, too, across the whole of the uk. next week, in the spending review, the chancellor, rishi sunak, is expected to announce tens of billions of pounds for infrastructure, including road improvements. the delayed national infrastructure strategy will be published, covering flagship programmes such as fibre broadband and investment in gr
they'll be announced in the spending review next week, as our business correspondent katy austin reportsr public projects like new transport links can provide a tangible, long—lasting boost to the economy. historically, some areas feel they haven't had theirfair share. this business in hull says that better connections to other cities like york would really help. i feel that the north has often played second fiddle to the south. i appreciate it's where the capital is, and where a lot of...
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Nov 23, 2020
11/20
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we get the spending review tomorrow. or on wednesday.t what it's going to do on that. even with go back to the express. boris says it's the season to be jolly careful will also warning the people should not abuse the easing of restrictions. do you think that's going to be easier said than done? i'm just thinking about, you know, the run up to christmas and the big cities around england and the uk. the run up to christmas and the big cities around england and the uki think is going to be hard. i think this is been very much written for the express readership which i think now is probably one of the older readerships of newspapers. but they are saying yes b one another but don't mad. and don't kiss everybody, don't mad. and don't kiss everybody, don't get too close to everybody, try and that the older people be in somewhere slightly more distanced if you can. hard to do of course at christmas, hard to do and somebody‘s front room. but they are saying i think to their readers you got to be slightly responsible for this so you should see you
we get the spending review tomorrow. or on wednesday.t what it's going to do on that. even with go back to the express. boris says it's the season to be jolly careful will also warning the people should not abuse the easing of restrictions. do you think that's going to be easier said than done? i'm just thinking about, you know, the run up to christmas and the big cities around england and the uk. the run up to christmas and the big cities around england and the uki think is going to be hard. i...
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Nov 25, 2020
11/20
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and what is missing altogether from this spending review is the impact of brexit.ive up to the promises and rhetoric that the government has been exercising these past few months. we were promised that wales as well as the other parts of the uk would see a levelling up. there's no evidence in today's announcement or statement that's going to be the case. certainly, no—one in parliament will push ministers to pay her back right now. with so much uncertain, the disease so hard to predict, even the mighty treasury may have to watch and wait. laura kuenssberg, bbc news, westminster. the office for budget responsibility has calculated that the uk economy will shrink by more than 11% this year alone. meanwhile, the government has been spending hundreds of billions of pounds of borrowed cash to cope with the pandemic. as our economics editor faisal islam reports, we've hardly started to pay that back. grim economic numbers are of no surprise to anyone looking out on a high street. here in wakefield in yorkshire, lockdown means no shoppers or staff, but as elsewhere, month
and what is missing altogether from this spending review is the impact of brexit.ive up to the promises and rhetoric that the government has been exercising these past few months. we were promised that wales as well as the other parts of the uk would see a levelling up. there's no evidence in today's announcement or statement that's going to be the case. certainly, no—one in parliament will push ministers to pay her back right now. with so much uncertain, the disease so hard to predict, even...
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Nov 22, 2020
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tough times ahead, warns the chancellor, ahead of his spending review this week.ystery on the streets of nottingham as the broken bike accompanying the artist banky‘s mural disappears. now on bbc news, indonesia is the world's largest exporter of palm oil, and in the last two decades vast areas of forest have been cleared to make way for plantations. the remote province of papua, home to asia's most extensive remaining rainforests, has escaped fairly untouched, until now. this film investigates how papua has become the new frontier for aggressive palm oil expansion. west papua, indonesia. some of the last untouched rainforests on the planet are being cleared to make way for oil palm plantations. indigenous tribes paid less than $10 us a hectare for their ancestral lands. here, a south korean palm oil giant carried out deliberate and illegal burning on its land. they have to developed a technique that can determine if a fire is intentional or not. this can bring liability to big corporations who are in charge of these concession sites. the company at the centre of
tough times ahead, warns the chancellor, ahead of his spending review this week.ystery on the streets of nottingham as the broken bike accompanying the artist banky‘s mural disappears. now on bbc news, indonesia is the world's largest exporter of palm oil, and in the last two decades vast areas of forest have been cleared to make way for plantations. the remote province of papua, home to asia's most extensive remaining rainforests, has escaped fairly untouched, until now. this film...
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Nov 25, 2020
11/20
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you are referring to the forecasting, and i would say this is a one year spending review and we have that the chancellor set out in terms of covid spending and the additional spending on top, so you need to bear that in mind when looking at that in addition to the co re looking at that in addition to the core spending i mentioned in response. but you don't deny that day—to—day spending will be less thanit day—to—day spending will be less than it was forecast to be in march? that's an important point. still a lot of pressure on government departments. of course, spending is increasing by 3.7%, but in terms of the wider point, of course, once we are through the storm that the pandemic causes, that will be the time to deal with the medium term fiscal sustainability. we are able to take these measures because for the proceeded decade we got the deficit down where we inherited under labour, around 10% down, to below 2%, so that's why we are able to do that but of course we are still dealing with the uncertainty from the pandemic and in fact the 0b recognised that in bringing forward the ra
you are referring to the forecasting, and i would say this is a one year spending review and we have that the chancellor set out in terms of covid spending and the additional spending on top, so you need to bear that in mind when looking at that in addition to the co re looking at that in addition to the core spending i mentioned in response. but you don't deny that day—to—day spending will be less thanit day—to—day spending will be less than it was forecast to be in march? that's an...
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Nov 26, 2020
11/20
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the subject of potential tax rises or spending cuts, that wasn't really addressed in the spending reviewher spending cuts or tax rises might be needed in the future? well, it wasjust looking to the year ahead. but it's important to say that for next year the government spending plans were cut really quite substantially, actually, other than the amount they are allocating to deal with covid. that means that what they have pencilled in next year involves cuts of more than £10 billion, relative to the plan set out in march, because there is no additional spending for covid after next year. so the government is basically saying, compared with what we thought was needed back in march, we actually think we need to spend quite a lot less going forward than we thought then. i'm not sure that is remotely plausible, the idea that we will need no more money in the nhs than we thought at the beginning of this year. the idea that we will need no money to deal with covid, the idea that we want to spend less on public services, social care and education, and so on. i'm not sure that stacks up. the gram
the subject of potential tax rises or spending cuts, that wasn't really addressed in the spending reviewher spending cuts or tax rises might be needed in the future? well, it wasjust looking to the year ahead. but it's important to say that for next year the government spending plans were cut really quite substantially, actually, other than the amount they are allocating to deal with covid. that means that what they have pencilled in next year involves cuts of more than £10 billion, relative...
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Nov 22, 2020
11/20
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they'll be announced in the spending review next week, as our business correspondent katy austin reportsr public projects like new transport links can provide a tangible, long lasting boost to the economy. historically, some areas feel they haven't had theirfair share. this business in hull says that better connections to other cities like york would really help. i feel that the north has often served second fiddle to the south. i appreciate it's where the capital is, and where a lot of businesses are, but the playing field is getting more and more lopsided. it needs to be levelled. the question looms of how to put the public finances back on a sustainable footing after the huge cost of coronavirus but the government still wants to be talking about investing, too, across the whole of the uk. next week, in the spending review, the chancellor, rishi sunak, is expected to announce tens of billions of pounds for infrastructure, including road improvements. the delayed national infrastructure strategy will be published, covering flagship programmes such as fibre broadband and investment in gr
they'll be announced in the spending review next week, as our business correspondent katy austin reportsr public projects like new transport links can provide a tangible, long lasting boost to the economy. historically, some areas feel they haven't had theirfair share. this business in hull says that better connections to other cities like york would really help. i feel that the north has often served second fiddle to the south. i appreciate it's where the capital is, and where a lot of...
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Nov 22, 2020
11/20
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his comments come ahead of next week's spending review.the morning. we are expecting announcement tomorrow about what happens after the second of december and of course, christmas! can families get together? how many people can you see? we will expect more details from downing street a little later. we have some stories from inside, we thought we would keep them light and christmas theme. i know you are a fan of mistletoe most christmases... this year, though, it is as much a pa rt this year, though, it is as much a part of christmas as the queen's speech but of course we are unlikely to see much mistletoe this year. there has been a healthy crop that inside, a low amount because no wedding —— word no weddings, no office parties, so your classic mistletoe moments are off the calendarfor mistletoe moments are off the calendar for this reason. mistletoe moments are off the calendar for this reasonlj mistletoe moments are off the calendar for this reason. i think mistletoe at christmas parties is a bad idea anyway. it willjust end in trouble.
his comments come ahead of next week's spending review.the morning. we are expecting announcement tomorrow about what happens after the second of december and of course, christmas! can families get together? how many people can you see? we will expect more details from downing street a little later. we have some stories from inside, we thought we would keep them light and christmas theme. i know you are a fan of mistletoe most christmases... this year, though, it is as much a pa rt this year,...
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Nov 25, 2020
11/20
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but there will be winners and losers in the spending review. while the nhs and defence get a boost there could be stings in the tail for public sector workers and people with private pensions. on the verge of the knockouts — manchester united bounce back in the champions league as olivier giroud sends chelsea into the last 16 with two games to spare. good morning! a band of rain is moving east across england and wales today. as it moves away from the west we will see brighter skies, some showers and feeling colder. all the details in ten minutes. all the details in ten minutes. it's wednesday the 25th of november. our top story. the leaders of all four uk nations are urging people to think carefully before they take advantage of the relaxation of coronavirus restrictions over christmas. from the 23rd of december, people from three different households will be allowed to spend time together indoors for five days — northern ireland gets an extra day either side for travel. but scientists have warned this will cause a fresh spike in infections. ke
but there will be winners and losers in the spending review. while the nhs and defence get a boost there could be stings in the tail for public sector workers and people with private pensions. on the verge of the knockouts — manchester united bounce back in the champions league as olivier giroud sends chelsea into the last 16 with two games to spare. good morning! a band of rain is moving east across england and wales today. as it moves away from the west we will see brighter skies, some...