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Added on the 27/01/2012 22:42:50 - Copyright : France 24 EN
Canadian Finance Minister Chrystia Freeland unveils the government's budget proposal for 2024 to the House of Commons in Ottawa. IMAGES
French Finance Minister Bruno Le Maire and former French Prime Minister Edouard Philippe are greeted by Renault CEO Luca de Meo as they arrive at the Renault Group site in Sandouville to tour of the industrial line of the auto maker's plant in Normandy. IMAGES
Swedish Defence Minister Pal Jonson says the "northern flank of NATO is more complete" as he holds a press conference with his Norwegian and Finnish counterparts in Troms, Norway. Swedish troops are taking part in a vast NATO military exercise to simulate repelling an invasion of neighbouring Norway. SOUNDBITE
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
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
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