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Added on the 05/12/2019 13:00:00 - Copyright : EFE Inglés
UK Finance Minister Jeremy Hunt poses outside 11 Downing Street with the red, leather-covered box containing his speech before leaving to present the spring budget to parliament. Britain's Conservative government is expected to use the budget update to unveil tax cuts for millions of workers, in an attempt to woo voters before a general election. Prime Minister Rishi Sunak's party, which has been in power since 2010, is well behind the main opposition Labour party in opinion polls and looks likely to be dumped out of office. IMAGES
German Finance Minister Christian Lindner urges the European Union to "avoid a subsidy race we cannot avoid," warning that the bloc cannot simply follow United States economic policy moves. Speaking in Davos on the last day of the World Economic Forum, Lindner says the EU's "competitive disadvantage" to the US isn't subsidies, but its "private capitals market." SOUNDBITE
Indian Prime Minister Narendra Modi is welcomed by Sheikh Mohammed bin Zayed Al Nahyan, President of the United Arab Emirates, and United Nations Secretary-General Antonio Guterres as he arrives at COP28 in Dubai. IMAGES
Britain's economy will rebound this year and not shrink as initially thought, but will grow far less than expected next year, finance minister Jeremy Hunt says as he presents his Autumn Statement to parliament. Gross domestic product will expand 0.6 percent in 2023, Hunt said citing the Office for Budget Responsibility fiscal watchdog, upgrading its prior forecast of minus 0.2 percent. GDP is then set to grow by 0.7 percent in 2024, which was sharply down from previous guidance for a 1.8-percent expansion. SOUNDBITE
Australian Prime Minister Anthony Albanese meets with French President Emmanuel Macron during a bilateral meeting on the sidelines of the G20 summit in New Delhi. The head of the Australian government commented on Friday's opening match at the Rugby World Cup. SOUNDBITE