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Added on the 01/03/2023 08:56:59 - Copyright : Euronews EN
Palestinians inspect charred cars and destroyed houses in the Israeli-occupied West Bank village of al-Mughayyir the day after settlers, who were part of the manhunt for a missing Israeli tean, raided the village. IMAGES
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
As new figures show the UK is in recession, with two successive quarters of falling GDP in Q3 and Q4 2023, the UK's Chancellor of the Exchequer Jeremy Hunt says that the economy is "more resilient than most people predicted" and insists that the government will "stick to our guns" on its plans to bring down inflation. News of the recession comes as voters go to the polls in two by-elections on Thursday, with the Conservatives fearful of losing one-time strongholds in Wellingborough, central England, and Kingswood in the southwest. SOUNDBITE
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
Portuguese, German and British investigators begin their second day of searching on the banks of a reservoir in southern Portugal, in a new effort to uncover information on the 2007 disappearance of British toddler Madeleine McCann. Three years old at the time, McCann went missing from her family's holiday apartment in Praia da Luz and, despite a huge international manhunt, no trace of her has been found and no one has been charged over the disappearance. IMAGES
British Chancellor of the Exchequer Jeremy Hunt leaves 11 Downing Street to deliver an autumn statement at the House of Commons where he is expected to unveil hefty tax rises and spending cuts at the risk of worsening a cost-of-living crisis for millions in the recession-bound economy. IMAGES
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