he isa i think for philip hammond to fall. he is a man it seems to me very short of friends at the moment. so, a huge amount of personal pressure on him. never mind the fact of course that there is huge treasure on him to sketch out a slightly rosier economic agenda after the use of austerity, particularly of course pressure for him to get more money to public sector workers who have endured years now of pay freezes and pay caps. all the indications are though that it is going to be fiscal will it —— fiscal philip, the cautious chancellor who will prevail because the signs are there will not because the signs are there will not be extra money to ease the pressure on paperfor be extra money to ease the pressure on paper for public sector workers. in other words, any easing in the pay cut will have to come from existing budgets. similarly on the big issue of housing, again there will be no big bazooka, we are told. this suggests mr hammond is going to keep his eyes clearly fixed on the debt mountain, deficit and on stability

that was philip hammond, said he'd done an excellentjob. that was one of the main priorities for him, do have a sense he was saving his own job, that he had the support of his party. he seems to have done just enoughin party. he seems to have done just enough in terms of the measures outlined. policies, loosen the purse strings just enough to be seen to give out some money to certain quarters, though obviously the detail of those policies is still being debated. the short—term immediate priority was to get through the budget with no major hiccups and it seems to have happened. this longer—term picture, the bigger picture of the economy, yes, that still stays. the outlook is bleak as we've been hearing. but i think the government is prepared to weather that longer—term storm. in return for having got through the immediate political priority. philip hammond really needed this budget to be well received, didn't he come after the last outing when it very quickly he had to change his mind on the so—called dementia tax. labour have been q

as you say, philip hammond is much tighter with those purse strings. he says there is still a budget deficit, we are still spending more than were getting in taxes. he says we are just getting to the point where we turn the corner and start to bring debt down. that is why he is holding firm. we are respecting more caution from him and not loosening the purse strings as some would like. there are strings as some would like. there a re lots of strings as some would like. there are lots of pressures on him, obviously brexit, which he which he feels he needs to keep some money, keep some headway for that, in case things go wrong. the pressure of universal credit, there are many in his own party who think more money should be put towards that. he has tojuggle all of those should be put towards that. he has to juggle all of those different things? he does. at the same time, labour keeps ramping up the pressure on the government and ramping up the pressure on philip hammond to end austerity. labour is pitching itself very differently, saying the conservatives

as you say, philip hammond, much tighter with the purse strings. he is saying, look, there are still a budget deficit, we are spending more than we get in taxes. he is saying we are just about to approach the point where we turn the corner and start to bring that down. that is why he is holding firm. they are expecting more caution from him and not loosening the purse strings as much as some would like. there are lots of pressures on him, obviously brexit, which he feels he needs to keep some money, keep some headway in case things go wrong. the pressure of universal credit, many think more money should be put towards that. he has to juggle all those different things. he does. at the same time, labour keeps ramping up the same time, labour keeps ramping up the pressure on the government and ramping up the pressure on philip hammond to end austerity. labour is pitching itself very differently, actually sane conservatives are the party which continues with the tax cuts for the wealthy, but labour sets out a very distinctive position. we had john mcdo

philip hammond. a cheerier start than mr hammond's usual demeanour suggests. i report today on an economy that continues to grow, continues to create more jobs than ever before, and continues to confound those who seek to talk it down. in this budget, we express our resolve to look forwards, not backwards. yet, with brexit hanging over him, the risks of no deal with the rest of the eu real and expensive. today, i am setting aside over the next two years another £3 billion, and i stand ready to allocate further sums if and when needed. he wasn't gambling, though, with his ability to get through the speech. remember hers? i did take the precaution of asking my right honourable friend to bring a packet of cough sweets, just in case. cheering. but he had to reflect the worry felt by many around the country, and fess up to the fact that the economy will be sluggish for longer, the country overall less wealthy for years. the first time there has been this kind of prediction since 1983. they revised down the outlook for productivity growth, business investment and g

the story shows how constrained philip hammond is coming into this. a lot of the mps, bruised by the election result, say you need to loosen the belt a bit, particularly when it comes to the public sector, but philip hammond, leaving aside the fa ct philip hammond, leaving aside the fact that he's probably more economically dry than some of the mps doesn't have that capacity and he seas saying to the nhs, you've got to find savings yourself because i've got a lot of other stuff on my plate. let's stay with philip hammond because the daily telegraph over on the side there, he may be under pressure on one front, but also putting pressure, he says on theresa may. and this is to do with money for the eu and specifically the divorce bill and the shenanigans going on about how much. we're back to this thing of — what do we want first. there's no "show me the money" which is what brexit and the eu is saying. first of all, philip hammond and the rest want to know, what exactly are we going to be getting out of this? when then we can start talking about how

i call the chancellor of the exchequer, philip hammond. then it was philip hammond's turn at the dispatch box to set out his strategy. insisting the government had been listening. we understand the frustration of families where real incomes are under pressure. so at this budget, we choose a balanced approach. yes, maintaining fiscal responsibility as we at last see our debt peaking. continuing to invest in the skills and infrastructure that will support the jobs of the future. building the homes that will make good on our promise to the next generation. but crucially, also, helping families to cope with the cost of living. despite his jovial tone, the chancellor revealed that the economy was now forecast to grow far slower than previously expected, but there was big talk on housing aimed at young people. with effect from today, for all first time buyer purchases up to £300,000, i am abolishing stamp duty altogether. and to make sure as many as possible benefit... to ensure this relief helps first—time buyers in very high price areas lik

that's because philip hammond has a fiscal rule. he wa nts to philip hammond has a fiscal rule. he wants to balance the government ‘s books so that they spend one amount and the tax and then that is in balance by the middle of the next decade. you should do more to borrow now because interest rates are low, and to push in things like digital five d and housing. small incremental changes which is what he is criticised for, won't be enough. yet that seems to be what we will get. philip hammond is also concerned about the brexit process. does he need to save up the money he has in the economy for the moment when written leaves the eu, could that be hard brexit and a shock to the economy, would he need money then and not now? so there's cautious in the treasury and there has been a strategy to get the deficit down, to hit these fiscal targets and i can't imagine they wa nt to targets and i can't imagine they want to move off that. he is a relatively staid, calm character.l cautious man! it will be ordered we re cautious man! it will be ordered were he to throw caution to the wind,

hammond is keen to build too much on the problem is it does not seem like philip hammond is keen to build too much on green belt or to borrow too much to the health, that means they‘re having to look at all these slightly small measures that might get more houses but it does feel like it might be with other governments, when they say they want to build, they have the intention but before you know it, it is hard to reach targets. governments find it incredibly difficult to get new houses built. and earlier, one commentator said, who would want the job? you might say the england football manager is the hardestjob in the world but i think chancellor of the exchequer might be. certainly, this week. well, any week! he has the difficult balance of tight of all tory voters, house owners, and younger voters increasingly voting for jeremy corbyn, and he wants to bring into the tory fold and those promise of housing will be welcome news to young people but with katie rightly says, it is easier to see than achieve. 220000 and old residential planning permissions are in london alone, which ha

we have seen philip hammond talk positive about housing. it is not really surprising because we know the conservatives and labour leave this is an area where young people are being squeezed out of the housing market. homes costing too much. he is trying to be as bold as he can be without annoying traditional conservative voters who don't want homes built on the green belt. how positive is this budget going to be? we were saying with brexit negotiations going on, he is determined to give a positive outlook for the uk post brexit?” remember the time when budgetss were giveaways. at the moment that is not possible. there is still a budget deficit. we are spending more than we are bringing in. philip hammond doesn't think you can keep doing that forever. the labour party wa nted that forever. the labour party wanted to loosen the purse strings of it. i think you will try to present a positive message but the underlying picture is a bit grim. what do you mean? brexit has not helped the public finances. if you are philip hammond, who supported

i will assess if philip hammond has done enough to win over the doubters in his party. for the first time jeremy corbyn uses pmqs to challenge theresa may over brexit. the brexit secretary said he would guarantee free movement for bankers post—brexit. are there any other groups to whom the prime minister believes freedom of movement should apply? we have been absolutely clear. we will be introducing new immigration rules and we will take account of the needs of the british economy doing so. and calls on the government to do more to cut air pollution. we are affecting people who are disadvantaged with diseases and putting them to increased risk. and we're affecting people who are living in disadvantaged communities to a greater extent. but first. the chancellor philip hammond took the traditional photo call outside number 11 on wednesday morning as he prepared to deliver his autumn budget. as is tradition the chancellor was flanked by his junior ministers as he stepped into downing street and held aloft the budget box containing that all important speech. after smiles

i now call the chancellor of the exchequer, the right honourable philip hammond. mr deputy speaker, i report today on an economy that continues to grow, continues to create more jobs than ever before and continues to confound those who seek to talk it down. it sometimes felt that the topsy—turvy politics of 2017 were alljust a set up for philip hammond tojoke about in his second budget of the year. there was a reference to the prime minister's disastrous conference speech... i did take the precaution of asking my right honourable friend to bring a packet of cough sweets just in case. applause and laughter in announcing more money for maths, he made fun of his own dour reputation. more maths for everyone. mr speaker, don't let anyone say i don't know how to show our nation a good time. and he took on the westminster rumour that michael gove has been auditioning for hisjob. mr deputy speaker, i shall first report to the house on the economic forecast of the independent 0br. this is the bit with a long economicy words in it. laughter unfortunately, the content of t

philip hammond may not want to mention brexit but that also great at number ten, it would seem. also great at number ten, it would seem. other papers are due mention brexit and wide the risk perhaps so much focus on philip hammond giving a picture of an economy that will succeed and do well. it is difficult for him with his hands tied. let's move on to the bbc online coverage of the uber cover—up on 57 million customers and drivers are being hacked and then paying out, uber, to keep those names and details hidden. we have to wait to see if that is what happened. before i ask on your view. this has been our question of the day. do people trust online companies any more? this was lee‘s who said, let me guess, outsourced data, keep your it data close to your chest. invest in internal it resources . your chest. invest in internal it resources. another, delete the apt, give it a one star in the app store. another, companies like uber and other entities who drop the ball on protecting personal information should have to settle with each individual affected — 57 million, thatis indivi

philip hammond didn't give anything away and that this morning. he talked about the vision of having d riverless ca rs about the vision of having driverless cars on our roads by 2021. the big differences between labour and the conservatives on this our labour piling on the pressure for the government to end austerity once again. but philip hammond held firm saying we have been struggling for a long time to get the deficit down, we are on the brink of turning the corner to get the debt down but this is a difficult budget for philip hammond. his second of the year. in his last budget he was forced to make an embarrassing u—turn over national insurance contributions so any controversial measures that go ford on wednesday could be seen to be to particular risky for him. he doesn't want to have to make any more embarrassing climb—downs. have to make any more embarrassing climb-downs. no, thank you very much. detectives in dorset say they believe they've found the body of missing teenager, gaia pope. the discovery was made by search teams close to a

philip hammond's in trade must be enormous. they are talking about a pay boost for nurses? quite a lot of his intraday is coming from his own team and this is actually, apparently he is going to give a boost to nurses and probably to schools, but what is interesting is that i've four years and others have said this, the nhs is not —— should not be a political football, it is much too serious. it should have a royal commission. we are paying managers a fortune. we are paying managers a fortune. we are paying managers a fortune. we are paying agencies a fortune to get nurses. we don't have nurses homes. how can you afford to live in london if you are in a? i can remember the time, my parents had a friend who was a nurse, lived in a nurses home. but the reason it is always going to be in politics is because taxpayers pay for it so it is bound to be a political football. but in france they paid for the health service and it is not a football. as you have said, they want the teachers, they wa nt said, they want the teachers, they want the cap removed. state schools are ina w

but philip hammond began with the preparations for brexit. we have already invested almost £700 million in brexit preparations. and today i am setting aside over the next two years another £3 billion. and i stand ready to allocate further sums if and when needed. but the budget he said was about much more than brexit. a country fit for the future. i know we will not build it overnight but we will lay the foundations. mr deputy speaker, i am being tempted with something more exotic but i will stick with water. i took the precaution. i did take the precaution of asking my right honourable friend to bring a packet of cough sweets just in case. it was he insisted a budget for the future, to prepare to meet the challenges ahead. conservative mps roared, but the next section of the speech was less light—hearted as the chancellor revealed figures from the office for budget responsibility predicting slower growth in coming years. and regrettably, our productivity performance continues to disappoint. the old br has assumed that each of the last 16

i'm joined by liz truss, who is philip hammond's deputy chief secretary to the treasury. also with us, peter dowd, her labour opposite number. we'll come to you in a minute. let me start with liz. can we start on that housing, the office for budget responsibility say on the stamp duty measure, the main gainers from the policy are the people who already own property not the first time buyers themselves. because your measure will push up the prices, so the owners benefit not the buyers. i think lots of people are struggling to get on the housing ladder, there are many people in that 20s and 30s who previously would have been able to buy a home, now finding it much more difficult and of course, we need to increase the supply of homes and that is what the measures are about and getting up to 300,000, but we felt it was necessary to do something now, to help those who have struggled for a number of years, people will not have to pay the tax up people will not have to pay the tax up to 300,000. there will be a reduction. that is cash that you do not have to pay to the taxman. b

i now call the chancellor of the exchequer, philip hammond. then it was philip hammond's turn at the dispatch box to set out his strategy. insisting the government had been listening. we understand the frustration of families where real incomes are under pressure. so at this budget, we choose a balanced approach. yes, maintaining fiscal responsibility as we at last see our debt peaking. continuing to invest in the skills and infrastructure that will support the jobs of the future. laughter building the homes that will make good on our promise to the next generation. but crucially, also, helping families to cope with the cost of living. despite hisjovial tone, the chancellor revealed there was plenty ofjokes. but also this... business and gdp growth... a dramatic downgrade in forecast growth, back in march, they said growth, back in march, they said growth would be back to about 2% a year for three years and are struggling back to 1.5% a year and thatis struggling back to 1.5% a year and that is a big difference and one of the reasons why the c

philip hammond. a cheerier start than mr hammond's usual demeanour suggests. i report today on an economy that continues to grow, continues to create more jobs than ever before, and continues to confound those who seek to talk it down. in this budget, we express our resolve to look forwards, not backwards. yet, with brexit hanging over him, the risks of no deal with the rest of the eu real and expensive. today, i am setting aside over the next two years another £3 billion, and i stand ready to allocate further sums if and when needed. he wasn't gambling, though, with his ability to get through the speech. remember hers? i did take the precaution of asking my right honourable friend to bring a packet of cough sweets, just in case. cheering. but he had to reflect the worry felt by many around the country, and fess up to the fact that the economy will be sluggish for longer, the country overall less wealthy for years. the first time there has been this kind of prediction since 1983. they revised down the outlook for productivity growth, business investment and g

among philip hammond's announcements... from now first time buyers in england, wales and northern ireland will pay no stamp duty on homes up to £300,000, more in london. scotland has a different system. for the nhs in england, the chancellor promised an extra £1.6 billion over the next year — though that's still short of what the nhs says it needs. the wait for the welfare benefit universal credit, which has attracted criticism from both sides of the house, has been reduced from six weeks to five. but it's all set against a downgrade in how much the economy is expected to grow over the next five years — with growth in 2017 alone cut from 2% to 1.5%. the labour leaderjeremy corbyn said the budget would unravel within days and misery would continue for people across the country. 0ur political editor laura kuenssberg now on the facts and figures, the winners and losers in today's budget. almost ready to go — a big day for downing street. whose grip for months has been shaky, to say the least. feeling the pressure, chan

uk chancellor philip hammond will deliver his autumn budget today. one of his challenges will be to combat a decade of flat productivity. until 10 years ago, productivity was the motor that drove uk economic growth. this blue line is output per hour. the straight line is the actual measure — and this broken line is what it should be at if the trends before the crisis had continued. so it's a pretty big difference. instead, the typical rate of growth in the last five years is only 0.2%. the presumption was that the underlying factors linked to the financial crisis would eventually improve. but so far productivity has remained stagnant. other european countries are faring better. germany is 36% higher than the uk and france 30%. and there is a correlation between productivity and real wages. in 2013, the 0ecd compiled how much people actually have to spend — in france it's this, compared with britain. that's a $3000 difference. that is a lot of money. with me is margaret doyle, deloitte head of financial services research. thank you forjoining us.

philip hammond said growth would be no higher than 1.6% between now and 2022. mr hammond announced that he was abolishing stamp duty forfirst time buyers on properties worth up to £300,000, and said the government was planning for every possible outcome from the brexit process. we are at a turning point in our country's history. and we resolve to look forwards not backwards, to build on the strengths of the british economy, to embrace change, not hide from it, to seize the opportunities ahead of us, and together to build a britain fit for the future. i believe as the days go ahead and this budget unravels, the reality will be a lot of people will be no better off, and the misery many are in will be continuing. emmerson mnangagwa, who is set to take over as zimbabwe's president following the fall of robert mugabe, has told jubilant supporters

anna: can philip hammond win over his critics? more on that later. this is bloomberg. ♪ manus: it's new york, where the s&p is just wanted to get through 2600. you know you can do it before the americans arrived. the turkeys are nervous, but the traders are not. can we last under these heady levels? time for the bloomberg business last. >> hackers stole the personal million uber-- 67 drivers and customers. included a $100,000 payment to the hackers. compromise data from the october 2016 have included names, email addresses and phone numbers of 50 million uber riders around the world. hewlett-packard enterprises saved after hours as ceo meg whitman said she's leaving the role. she will step down in february and be replaced by the president. adjusted earnings per share for the first quarter at $.24 below the $.27 estimate. tesla has been burning money at a rate of about $8,000 a minute over the past 12 months. bloomberg data shows that the trend continues, the company will exhaust its current cash pile by august 6 next year. the carmaker blamed hitch

chancellor philip hammond, thank you very much. and steph is without guests this morning, interested parties watching the chancellor as he tries to outline more about what he said yesterday. we will talk to some of those people in a moment, just across the water from us this morning sunlight comes into the sky. for that, carol will bring us up to date with the weather. good morning. a cold start to the day today. called in some areas than yesterday. —— day today. called in some areas than yesterday. — — colder. day today. called in some areas than yesterday. —— colder. forthe day today. called in some areas than yesterday. —— colder. for the next few days the forecast is one that is turning colder still. you will really feel the drafts. this morning we still have some snow around across parts of eastern aberdeenshire. in the next couple of hours that will be pushing away, leaving behind a table of cloud. some bright skies, but also a peppering of showers. some of those will be wintry, especially in the hills. wintry

hammond cracked a few jokes, fact that philip hammond cracked a fewjokes, such as saying that he'd asked the prime minister to bring him some cough sweets. he looked really ha p py him some cough sweets. he looked really happy about that. he did. the stamp duty announcement was one of those that had been widely rumoured that it might come about. this is to help first—time buyers. there's been a feeling within the political movement, particularly since jeremy corbyn started making key announcements around younger voters, that the conservatives were not doing enough to support younger voters, and that there was a intergenerational unfairness, particularly around housing. this was their way of trying to help them to do this, reducing the amount of tax they pay when buying their first property up to £300,000, and reducing the amount they pay on homes up to £500,000. but the obr immediately poured a little bit of cold water on it, saying it would only help 3500 people, and that it would push up house prices and was one of these things that was potentially open to misuse by people pretendi

there is almost a personal animosity towards philip hammond. he is kind of a marksman, and you do not find many tory mps really willing to go out on a limb and stick up for him. thank you very much, norman smith, at downing street. the uk's data protection regulator says a major security breach last year at the taxihailing company uber raises huge concerns. what does it mean for you as a customer? emily 0rton is a cyber security analyst who works for the security firm darktrace. she explained what's happened and how widespread the breach is. well, it seems that there was this significant data breach on uber. details around drivers, but also customers, and there was some kind of cover—up or delay to disclose that. 57 million names, e—mails addresses and mobile—phone numbers were found by the hackers, according to uber. that's an awful lot of data. it is, and this is just the latest in a long line of a large—scale data breaches affecting very big names. these are companies that have resources. they do have security teams, and yet there ar

matt: philip hammond is a remainder. guy: yes. matt: he seems to be in these arguments with theresa may -- they say competing statements occasionally. is this budget reflecting how he feels about brexit? elizabeth: i don't think so. i think he is under pressure. he will not want to do it wrong. there have been mistakes in the past. back in to put it in march that went very wrong. and i think, there has also been trouble when previous chancellor, george osborne, has tried to introduce reforms like disability, benefit cuts like family tax credit cuts. that is not -- matt: why are tax credit cuts popular? elizabeth: they won't be. he want want to make those missteps again. guy: what is success here? what is going to be a successful budget? not making a mess of it is probably going to be a successful budget, but everybody has got their competing agendas at the moment. so i am wondering, tomorrow morning, when we sit back and try have -- when we have dealt into the details, what we would think of the budget and going into it, what defi

the chancellor, philip hammond, says there's no silver bullet to solve britain's housing crisis. but he told the bbc that a range of measures to be set out in this week's budget will help to get 300 thousand homes built a year. -- 300,000. mr hammond also dismissed suggestions the government should borrow tens of billions of pounds to fund a massive house building programme. here's our political correspondent, emma va rdy. this is what phillip hammond wants to see, and he's calling time on so—called land—hoarders, saying it is no longer acceptable to have so many sites with planning permission that aren't being built on. today he told the bbc the state would intervene. there are, in london alone, 270,000 residential planning permissions that have not today been built. we need to understand why these planning permissions that are going up all over the country, that will continue to increase across the country, why they are not being built out. on wednesday, philip hammond will announce £5 billion of investment for new housing, and he will reveal a range of measures not only d

next week we have philip hammond at the budget. we read philip hammond at the budget. we rea d ple nty philip hammond at the budget. we read plenty about crisis in theresa may's leadership, how is she going on? your thoughts on the budget, what it might achieve? where it ta kes what it might achieve? where it takes us in terms of this overall broker debates at theresa may's premiership. i don't think it takes us premiership. i don't think it takes us very far with the brexit debate. theresa may is certainly very weak, she has a very weak government. 0n the other hand, germany has no government at all. angela merkel has not been able to form a coalition. it's conceivable that she will have to call elections before the end of the year. when we go on about the wea kness the year. when we go on about the weakness of this government, we have to remember that we are quite spoiled in this country by stable majority parliamentary government. in europe, where they have to have consensus and coalition, the whole thing is on a much more delicate balance. the whole chemistry of th

no, but remember, with philip hammond, he has built his entire career... he's not an accountant, but he behaves like one. he's an incredibly cautious person. he does know that when, as nick bowles, we may have heard him, we may have not, every age group under 49 voted for the labour majority and not the conservatives. this government has got to be addressing their concerns. philip hammond understands that. we will see the war chest being dipped into. but he still believes you have to be cautious and he will be sticking by the fiscal rules for a moment. thanks very much. we will be coming back to you later on. next week is going to be a busy one for the nation's political pundits. i'm joined by rachel shabi, ian dale and simonjenkins. first of all, on the question of whether philip hammond will be safe or bold, will it be maybe his last budget? does he have to get something big out there? every chancellor has to be a legacy. but not an increase in national insurance? i wouldn't have thought so. expectations on housing had been raised through the roof, namel

here it seems to me that the prime minister's arm has been twisted by philip hammond, who is saying — we wa nt to philip hammond, who is saying — we want to know what we are getting first before we increase the amount of money we are talking about. we are talking about £20 billion, possibly but, you know we are back to this — show us, you know there is no show us the money first, there is show us what the deal is, fist, then we'll show us what the deal is, fist, then we' ll start show us what the deal is, fist, then we'll start on the money. everybody is getting fed up. henry, remind us of some of the figures we are seeing in some stories. what might change, how much might this offer go up by? at the moment, britain sorted of publicly accepted they are offering around £20 #3wi8 yob. there are suggestions it'll double, an extra pods 20 billion to persuade the eu to declare in their own terms something called sufficient progress in mid—decemberto something called sufficient progress in mid—december to move talks on to trade and transition next year. theresa may had meetings in

don't forget, this is philip hammond's second budget of the year. in the last one he was forced to make an embarrassing u—turn over national insurance contributors. he won't want to take too many risks in this one. he won't wa nt to too many risks in this one. he won't want to have to back down on anything like that again. after 3a years at the helm, the sinn fein leader gerry adams says he plans to step down. during his time as leader, he persuaded the ira to call a ceasefire and pursued a political settlement in the form of the good friday agreement. his decision to resign brings to an end the longest party leadership in britain or ireland. republicanism has never been stronger. this is our time. we will grow even stronger in the future. but leadership means knowing when it's time for change. and that time is now. i will not be standing in the next election. the argentine navy says it has detected signals likely to be from a submarine which has been missing since wednesday with 44 crew on board. the sanjuan was on a routine mission off the south

in other news, the chancellor, philip hammond, has said britain needs to build an extra 300,000 homes a year to make an impact on the housing crisis. police say they're confident that a body found near swanage is that of the missing teenager, gaia pope. gaia's sister described her as, "beautiful, emotionally wise and intelligent." tests of driverless cars on uk roads are set to be given the go—ahead in this week's budget. that is our objective, to see fully driverless cars, without a safety attendant in the car, on the roads in the uk by 2021. we will take you straight back to zimbabwe as soon as robert mugabe makes that statement, which we are expecting. before that, the sport. hello again. we start with football, there's just one game in the premier league today, and david moyes is back in the premier league, taking charge of his first match as the manager of west ham united. however, with the club in the relegation zone, things haven't seemed to have changed much... they went 1—0 down at watford, thanks to will hughes' first goal in the top flight. brazilian forward richarlison

philip hammond says his measures will make a difference. what we have delivered yesterday is a package for britain. it is a package for families who are feeling the pressure. we'll be putting your budget question to a panel of experts. you can send your questions in now using the hashtag bbcaskthis on twitter, or you can text them in to 61124. or you can email in your video questions to yourpics@bbc.co.uk. flood warnings remain in place across parts of north—west england. 70 people had to be rescued from their homes in lancashire last night. jon venables, one of the killers of the toddlerjames bulger, is back in prison after allegations that images of child abuse were found on his computer. the new leader of zimbabwe, emmerson mnangagwa, has urged the country to unite. he's due to be inaugurated tomorrow good heading a football lead to dementia? new good heading a football lead to dementia 7 new research dementia? new research has commissioned on the brain. and england work hard on day one of the ashes. england enter the day on 196-4. goo

new details are emerging about philip hammond's budget tonight. i've been speaking to one of his closest political friends, who reveals the chancellor is planning a modest loosening of the taps. but another tory has a warning for him on housing: if we do not do something about this over the next three to four years, before the next election, then we will be writing ourselves out of the electoral script. the budget could see budging on universal credit too. tonight we go to newcastle to see first hand some of the problems solved and created by the new system. i hid in my bedroom for nearly two weeks. i only went out of the bedroom to go to the toilet. my children went to stay with my parents for a little while. purely because i didn't have the money to feed them. all of this makes next week a make or break week in politics. we'll discuss it all with our panel of pundits. good evening. the budget is normally a big eagerly awaited affair, but this year next wednesday's speech almost got lost in mountain of problems facing theresa may —

what changes should philip hammond may? we have five priorities, first around social security and universal credit, pause and fix it. we know this will push a million more children into poverty as a result of cuts. a house—building programme. we just have to go to westminster to see people sleeping rough and it has doubled in the last seven years. 120,000 children in temporary accommodation. we need to make sure the public sector workers get a fair deal to stop the public sector pay cap which we would not would stimulate the economy. austerity does not work. how do you respond to that, theresa villiers? do you see an increase in rough slippers? the government is determined to tackle this and we want an end to rough sleeping and we have commitments in the manifesto. you have had seven years and it has got worse. the trouble with labour's plans is they would involve a big increase in taxation for ordinary working families. rubbish. they would involve more borrowing. leaving future generations to pay for our debt. we need a

what is interesting, in the budget last week, philip hammond was talking about post—brexit uk and what the uk can get from where its progress can be. he was talking about driverless cards and technology and it seems like science and technology is their kind of answer as to how britain moves forward outside the etch uchl. so this is good news if you hoped for this post—brexit vision pharmaceutical companies will invest £1 billion, which could bring 17,500 high streetjobs, which is really, you can be really positive about this, because this is where britain does do well in science and things like that. but a lot of scientists we re like that. but a lot of scientists were saying that we've got to have this cross eu community network, free movement of travel, movement of personnel, because a lot of research is not done injust personnel, because a lot of research is not done in just one country. no, a lot of research is over a number of countries, they come together. there's also — you know people from all over europe who come to work, who are scientists come to work in the uk, and if

and the top story here in the uk: the chancellor, philip hammond, has said he'll use this week's budget to speed up the building of hundreds of thousands of new homes. more on that later. now on bbc news all the latest business news live from singapore. japan's latest trade figures show the economy is on a winning streak, thanks to a healthy demand for cars and electronics. and imagine sending yourjob offer an and electronics. and imagine sending your job offer an education and electronics. and imagine sending yourjob offer an education gaming. the idea in singapore is getting respect and even support from the government. hello and welcome to asia business report. my name is sharanjit leyl. asia business report. my name is shara njit leyl. you asia business report. my name is sharanjit leyl. you could say it was the start of the shopping season in many countries around the world. before we get there, what is on the economic and business calendar for the next few days? japan just reported its trade data, showing it is gaining traction. it rose 14% from last year. later today, we have tha

i've seen budgets over the past twenty five years as a member of parliament and i'm not philip hammond's biggest cheerleader either because i think in the past he's been far too like mark carney when he's looking at the economy and not as much you know as an enthusiastic cheerleader but my goodness me didn't he sparkle today he performed in all the right areas as far as i'm concerned whether it is for those at the poorest stand for those on universal credit he's recognized that there have been problems with the rollout of the program for those on the national living wage and the national minimum wage is a difference depending on what age you are going at much higher than the rate of inflation and then the threshold before you start paying income tax increases yet again and then the announcement on giving hope to the nurses that that whatever the pay settlement is going to be that the transom is going to cover that i think it's brilliant and then of course one of the biggest problems for a lot of people living in the united kingdom is being able to afford your own home and he came out wit

a downgrade's definitely bad news for philip hammond. it's bad news both because a slower growing economy means lower tax receipts and more borrowing and it reduces the amount of money he has to play with to make the kind of announcements he might want to make. productivity downgrade is also going to affect people's pay and families living standards and that creates added pressure on the chancellor to do something about that, whether it be via things like public sector pay or cuts to working—age benefits or changes to the tax regime. mr hammond already has some bills to pay. the government has pledged £2 billion to help students repaying their loans. there's another £2 billion for affordable housing. the northern ireland coalition deal with the dup, that will cost £1 billion. there is likely to be majorfunding needed to deal with the aftermath of the grenfell tragedy. what should we expect from the budget? will the chancellor borrow more to pay for all that housing? will there be more money for health and public sector pay? and don'

philip hammond delivering the budget of parliament -- to parliament. sterling a little drop as the headlines drop. ♪ ♪ jonathan: the opening bell just over an hour away in new york city. all-time highs to the close yesterday, we could add to that. futures up 1/10 on the s&p 500, two on the dow. the bond market looks a little something like this, yields higher by a basis point, dramatic flattening over the last few sessions. a little bit of steepening, we are up by about one basis point on the u.s. 10 year. euro-dollar, 1.1747, just a little bit firmer. the data in the united states, jobless claims dropped to 239 as they always seem to do. they grind lower from a revised higher level of 252. pretty much in line with estimates of 240. durable goods orders, a little bit of softness, -1.2%. the estimate, 0.3%, so some weakness. you back out transportation and it comes in a little bit weaker at 0.4%. capital goods, the headline number at -0.95, the estimate 0.5. we were looking for 0.3. alix: the u.s. business equipment orders fell in october, the first

has philip hammond done enough to save hisjob? has philip hammond done enough to save his job? we will all have to rethink our views on him because week or thought of him as phillip the dull, spreadsheet phil, and there he was joking about michael gove and we had that cough sweet stu nt gove and we had that cough sweet stunt with mrs may, and in terms of the real pressure he was under he seemed to go around picking of all the difficulties that he and the tories were facing, putting on a bit more money here and a bit more money there so the image is boss has said, i need £4 billion and he says, here is £2.8 billion, that will help you along. we knew there was a looming revolt of the universal credit so out of his back pocket there's another £i.5 out of his back pocket there's another £1.5 million to ease some of the problems. brexiteers throwing bread rolls at him, he says nice things about brexit and offers them £2 billion to help smooth passage, business community, they weren't happy about changes to business rates and vat, sorted. he listens to them. and everywhere, ther

laid out by the budget by philip hammond. he promised the biggest home building program in five decades. those voters would have fought the conservative loss over brexit. the former chief returned from south africa where he had fled after being fired by robert mugabe. minutes of the most recent meeting show fed members are looking for stronger signs inflation will rise. they want inflation on an upward path before the next hike. global news, 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. i am nejra cehic, this is bloomberg. francine: the big day in the u.s. because when you look at volumes they are definitely thin. european stocks seem to be taking their cue from a slide in chinese equities. european stocks a little down. settingar seems to be after tumbling on wednesday. because there is a lower trading so anylumes are thin, big move, take with a cringe of salt. schulz is said to be open and talks with chancellor marcil and offer limited support for a fourth

stephen: philip hammond will begin preventing the attack -- presenting the tax and spending plans to parliament in the cap hour, trying to balance a sluggish economy with the scaling back of austerity measures. this comes as businesses are increasingly worried how brexit will impact them. he spoke to chris beauchamp, .enior market analyst at ig chris: philip hammond not noted for his swashbuckling style. spreadsheet phil is his nickname. you can take that as a guide to what we will see today. the government has very little room form and over on brexit or the tax and spending plans. he is met by an opposition that is promising the earth in terms of borrowing, yet he knows he has to retain the confidence of the markets. he has very little room for maneuver in terms of cutting taxes. we could see some tax increases. this should have been a triumphant budget after a shocking election victory earlier in the year. that did not come to pass. ae government finds itself in tight spot, and again with a steady as it goes budget being the only realistic option. genie: the european commission has

philip hammond unveiled a series of measures which he says that the uk on a secure footing. in this budget i have set out a vision for britain's future and a plan for delivering it. by getting oui’ plan for delivering it. by getting our debt down, by supporting british families and businesses, by investing in the technologies and skills at the future, by creating the homes and infrastructure our country needs, we are at a turning point in our history, and we resolved to look forwards, not backwards. to build on the strengths of the british economy. to embrace change, not hide from it. to seize the opportunities ahead. and together to build a britain fit for the future. i commend this statement to the house. thanks for being with me. this is outside source live from the bbc newsroom. our lead story is... ratko mladic has been brought tojustice. he's been found guilty of genocide and war crimes during the bosnian war in the 1990s. some of the main stories from bbc world service... a us navy plane carrying 11 crew and passengers has crashed into the ocean south—east of japa