u. k. economy is in shambles. the economist met kline analyzing what's happening right now even said take out greater london in the u. k. is one of the poorest countries in western europe. would it be safe to say that the u. k is no longer a major economic player in the world? well, by conventional indicators such as g d, p, and the size of the economy. of course the u. k remains one of the major players in the city of london certainly is one of the major financial centers in the world. i think the real problem u. k. has had really dating back to the global financial crisis. 2008 is it seems to have a deep inability to generate prosperity from across its regions, but also a serious inability to create the forms of jobs and the forms of employment and the forms of business which are actually wealth. creating a g d p per head is not very impressive. and the overall effect of this is u. k. finds it harder and harder to actually deliver the standard of living that many people expect from a what by other measure, the h

u. k. economy is really not in fantastic shape. so we're having inflation over 10 percent. ordinary people have seen a squeeze on their rio wages. and the u. k. economy has not recover to prepare them levels as yet, and is actually ferrying worse than other g 7 nation. so when the chance less announcing that it's all about stability and growth, for a lot of people, it will be clear that this is more, a long, medium to her plan and nothing that for them what happened in the near future. now it was the budget that caused the last prime minister to leave office. what's different this time around? well the new government out wanted to you and she had one big objective and that was not to cause ta mile in the financial market. so just to be boring enough not to see, for example, the pound crash and that's their one big old there to have this out to restore basically their credibility because the last budget and that was only a few weeks ago really brought that could their financial markets would a huge on ta mile and it, it brought down

u. k. may phase challenging times during the next 2 years. jeremy han says is $66000000.00 proposal will lower inflation and boost the economy. the u. k . government also cut spending, but only after the next general election in 2025. where we challenge, how's the latest from london? over the previous weeks we've had talk of the grim decisions facing jeremy hunts and what he was going to have to do. and so when it came to it, yes, there was a slight dip in the pounds. there was a slight dip in the markets box that could be down to the fact that jeremy han painted a pretty dark picture of the u. k. is economy over the next couple of years? at least he said that we're in recession already. though his fiscal plan as he but it would make that the session shallower than it would otherwise be. and the markets i think for the most part of the moment or giving him the benefit of the doubt. and yes, 1st, privately developed rocket has launched into space. vicar mass was built by a start up with an engineering team of 200 people and it's just 2 years. it's carrying 3 payloads. and as equipped with tell him a treat, tracking camera and data acq

u. k. economy. so this is not something that you know, you can dismiss and disregard the thing. is that the impression that awful is chief on chef or ethnic food snacks of faces. and i'm saying it because the whole idea that in someone's placene is more innovated and more sophisticated, they ought to be restroom closings. this really upset me and i wasn't gonna have a conversation. i just priced it really high. perhaps such perceptions exist because the quintessential curry hath experience in written, not always a high class affair. indeed, restaurants established themselves as affordable like night wars welcoming broke his pipe from public and not. the word curry was used as an umbrella term to describe the schools, the spicy concoction, vol. asthma, migrated from the ninety's and describe so 1st dining experience in the british curry house. as a culture shock. i thought it was so hideously decorated someone's house, looked like this in my childhood and there was just so much cream and sugar. i just was amazed that there were all his people eating this, loving it. and i was lik

u. k. economy is the impact of brakes. it swati thing from the school of economics and a member of the bank of england rate setting committee told upon them as a committee the real wages in the u. k. were lower because of the brakes. it. it's undeniable now that we're seeing much, much bigger, slow down in trade in the u. k. compared to the rest of the world. the simple way of thinking about what backs it down to the economy of that in the period that happened after the referendum. that was very, very sort of the biggest depreciation that any of the world's 4 major economies. athene overnight that, that contributed to increasing prices reduced wages. the british government fighting to cut the number of asylum seekers crossing from france in small boats. but at the other end of britain's floundering asylum system, people already in the country awaiting months or even years to be processed and private companies providing them accommodation are making big profits from often poor quality housing lead barker reports or fatima.

u. k. economy migrants rather than fleeing persecution of war, they're seeking a better life. this gets to the another of it because this is the narrative that's been dominating, particularly the newspapers here. but it's not true. most of the people who actually make those dangerous crossings eventually do receive refugee status or asylum here in the u. k. but it's a political pressure, as you were hinting at. so the, the british government are insisting this will reduce the numbers. they're saying also that they need to make the process legal foss effective and fair. and they const, they want to send people back quicker if their judge not to have a legitimate claim for assign him will, since breaks it, they don't have the same mechanisms that they used to for sending people back to e. u. countries for is johnson when he was prime minister with his home secretary, pretty patel. came up with a deal with rewan to send people to that country in east africa. not to not to off . sure, but to actually apply for asylum there and possibly stay in rwanda. that school nowhere because i

u. k. and is far deeper than in other comparable economies. as i said after ask the question where does come from and it's come from our own policies, including the ones you just mentioned, said the bank in england, increasing interest rates are faster, harder than other countries are quite likely over doing it and pushing us into a deep recession and could otherwise have been the case. and today, getting an alternate statement that has a net, a contraction restarts more, i mean by that is taking money out of the economy even as we're going into recession. and even as we then kind of slow recovery out that this, the policies today are spending cuts, tax rises that will harm that recovery. max, when you look at the statement, it offers some metrics, some decisions to be made. but then when it comes to the very core question of where does that leave the most vulnerable? those are all low income the, the government does not really seem to be offering some very clear answers. yeah, i think it's hard to exaggerate the scale of suffering out there i

u. k. households, as people are finding it more difficult to get a job, the u. s. economy has also been ranked by dismal predictions, as numerous stock prices have tumble today via phone c raised our policy interest rate by 75 basis points. and we continue to anticipate that ongoing increases will be appropriate and the recent inflation did it again have come in higher than expected. despite elevated inflation, longer term inflation expectations appear to remain well anchored as reflected in a broad range of surveys of households. businesses and forecasters as well as measures from financial markets, but that is not grounds for complacency. the longer the current out of high inflation continues, the greater the chance that expectations of higher inflation will become entrenched us price inflation has been continuing to rise reaching 8.2 percent in september. as the national cost of living has also served past 6 percent. at the same time, the housing market has declined as 30 year mortgage rate have climbed to over 7 percent. so to discuss this further, it was cross live no

u. k. is economy over the next couple of years? at least he said that were in recession already, though his fiscal plan, as he put it, would make that the session shallower than it would otherwise be the markets. i think for the most part of the moments or giving him the benefit of doubt. but there were always 3 audiences for jeremy hunts, autumn statements day with the markets. but then they're also fellow conservatives and the voters at large. and there are very different proposition at the moment. so what is the response been from the public and also from the conservative well, i've got a few papers here. these are all right wing papers from broad sheet to tabloid. the daily telegraph basically is a bit confused, calling this the rhetoric of george osborne, who is a former conservative chancellor with the policies of gordon brown, who of course was a former labor chance let. then prime minister, you have the day the mail which says tories, so the strive is now if you're not fluent in british tabloid speak, that basically means t

it fits perfectly the ideal plan to avoid any responsibility for global economy crash the u. k. and the u, as have come up with earlier, the talking is the economy will not recover until the war and the head of the russian delegation. hearing talent that the a peg, russia's vice prime minister and the day below was so sad that he had to remind his colleagues many times earlier today that the crisis has been there before. russia's special military operation in ukraine. here is his words, the nuclear reduced antibodies are those were the europeans clumsy actions of last summer have went with shock increasing gas prices, and this is affected mineral fertilizer production costs. as a result, many businesses have been forced to close. as for europe, it's not just about the recession there, back in 2021, the market started to move and metal price is doubled. this created high uncertainty for manufacturers and no one could make long term plans because of this . in addition to this, there was high inflation, a tightening of fiscal and monetary policies and the debt problem. all these fac

u. k. may face challenging times during the next 2 years. jeremy, $100000000000.05, lower inflation and boost the economy. the u. k. government will raise taxes and also cut spending. re challenge has an update from london. markets would be well prepared. what was going to be in jeremy hunts awesome statement. so there was nothing there then actually to them too much. yes, it was a small drop in the pounds, a small drop in stocks, but nothing to major. the same car be said elsewhere though this is the horrify daily mail which is usually a conservative supporting newspaper story. so the strive is, is it saves, calling it one of the most punishing budgets in modern history and says that the british and now tax to the highest level. they have been since the 2nd world war. now voters are pretty fed up with the conservatives. there was a real cost of living crisis in this country. i'm ever been months of economic turmoil. there's been a collapsing pounds, soaring inflation and soaring interest rates. recent polls have put the opposition labor policy well in the lead. and it'll be interesting to see whether, when the n

economy? and i think it's highly problematic. i mean, you know, the u. k is facing a far more severe economic downturn. the other countries of a rich economy is, i mean, we just heard today a record collapse in disposable income per person in real terms of 7 percent over 2 years. that is the same, the deepest on record here in the u. k. and is far deeper than in other comparable economies. as i said, i have to ask the question where does come from? and it's come from our own policies, including the ones you just mentioned. said the bank in england, increasing interest rates are faster, harder than other countries are quite likely over doing it and pushing us into a deep recession that could otherwise have been the case. and today, getting an autumn statement that has a net contraction restart small. i mean by that is taking money out of the economy even as we're going into recession. and even as we then kind of slow recovery out that this, the policies today are spending cuts, tax rises that will, hong recovery. max. when you look at the statement, it offe

u. s. w corresponding economy is in k feet, told us how important these western defense systems will be. well, i certainly very welcome the been promised long time, another finally here, although we're not being told quite how many have reached key if so far of the total number promised. and even the total sum promised is only a fraction of what's needed to protect this country. or this after all award is being fought on the scale, bigger than anything that any western countries for in decades front lines of over a 1000 kilometers. and cities, hundreds comes away from those front lines. routinely being hit. so those nes amd rockets that are coming from the u. s. they used to protect the white house. they're pretty modern. they were developed nearly to thousands. they're kind of close to medium range, and then the rockets coming from spain, they're bit older. it's kind of more seventy's eighty's and they are short range. but this is all very welcome. there is obviously a worry that this is too much too different kit. there's no kit that's come from germany and other kit coming from france

u. k became neutral, ended 8 sanctions against russia. we would have an eating at the recession entity isis with gary down and the whole economy position for the u. k. would continue, but you wouldn't save us in the old mainstream media because for some reason the government has got a grip of media and open debate and discussion on their city is as good as benz. ah, hi, this the latest. ah, it's all. ready the old, reckless behavior piracy soon. mack will at last get people to question this crazy. you frighten policy ah, which he's running the company free reading people's likelihoods. so i, i hope maybe he's just gone a little bit to fall on. people will say ny bull. well, mr. webber certainly, you know, you mentioned the mainstream media if you might, ago, i was talking to a colleague here at auto earlier today and just saying that the mainstream media is barely showing a, just a touch of these protests. we're seeing all over europe, right. now, inflationary crisis, the major drop in the standard of living as well, the mainstream media is barely touching it. why is that? well, because the macy media, i guess, is complicit with its owners

for the next 5 years, hunters delivering an emergency budget aimed at stabilizing the economy. the u. k. has been hit by the cost of living crisis, with inflation climbing to its highest levels. in the 41 years. we are honest about the challenges and we are in our solutions. yes, we take the difficult decisions to tackle inflation. i keep mortgage rates down, but our plan also leads to a shallower downturn, low energy bills, higher growth, and a stronger and a chest and education system. yeah. 3 priorities and today, stability, growth and public services. you clean says rushman, talked in critical facilities across several cities, their report explosions in the southern port of a desa and the central city anthony pro the candle. keith is facing black hills. a deal that ensure safe passage of millions of tons of grain from ukraine has been extended. the agreement, broken by turkey and the un alarm green shipments through the black sea. it's been in place in july and was set to expire this week. water supplies for the world's pole have been made to talking point to the 27 climate summit.

u. k. which is that 9.6 percent. well on the opposite side of the g 20 economy quote list according to the full cost by o e. c. d. india is projected to have a group 3 or 7 percent compared to yuki, which in fact, the 2nd worse before, more, after it sanctioned russia. in fact, it's not going to grow, but it's going to shrink my 0.4 percent. but in the u. k itself, while additions tend to believe russia and not themselves for the current condition, for the current downfall in britain's economy. the last thing impacts on supply chains has made goods more expensive and fuel inflation. and this has been worsened by a made in russia energy crisis. what india hasn't sanctioned, what thought node with russia. and remember, india has overtaken britain and become the 5th largest economy in the world. and it's projected that it's brought is going to be even more substantial in the coming years. india will witness an unprecedented explosion in economic growth in opportunities from a 3 trillion dollars economy. india will grow to be a 40 trillion dollars economy by 2047 ranking among the top 3 economies of the world in y

economy. and now it seems the u. s. and the u. k. have come up with a perfect plan, how to avoid any responsibility for the economy crash. the rats are a good talking now is the economy will not recover unless the war and restrictions have only been growing. and now, when the western nations are at the data and let's wait and see where the g 20, these here may be able to find to bring any solution. almost half of us member states abstained or voted against the resolution adopted by the general assembly calling on russia to pay war reparations ukraine co sponsored by the united states and its allies. the resolution received the lowest level of support for ukraine related motions. since the conflict began, $94.00 country supported the initiative to quote, hold moscow accountable for violating international law. well, 14 nations including china voted against their resolution claiming a lack sufficient legal basis. 73 states, india and brazil among them chose to abstain, are to scale of mop. it explains why the western blocks initiatives

economy. and now it seems the us and the u. k. have come up with a perfect plan, how to avoid any responsibility for the konami crash. the rats are a good talking now is the economy will not recover unless the war and restrictions have only been growing. and now, when the western nations are at the data and let's wait and see where the g 20, these here may be able to find to bring any solution. well, let's get back to our top story. now. almost half of us member states abstain or voted against resolution adopted by the general assembly calling on russia to pay war reparations. due ukraine co sponsored by dozens of countries including the united states, the resolution received the lowest level of support for you. praying related motion since the war began. for more on this. now let's cross live to dimitry. polanski. russia is 1st deputy permanent representative to the un dimitry. it's great to have you on the program today. now, with the un adopting this resolution, even though it has no legal obligations to follow it, do you expect