Floods in Spain kill 95; Britain’s tax-raising budget, and more
The World in Brief from The Economist
The Economist
4.1 • 1.2K Ratings
🗓️ 31 October 2024
⏱️ 6 minutes
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| 0:00.0 | The Economist. |
| 0:04.3 | Hello, you're listening to the free edition of the world in brief from The |
| 0:09.9 | Economist. As a reminder, if you subscribe to the economist, you'll get access to a deeper look at the day ahead, updated three times a day. |
| 0:20.0 | If you're already an economist subscriber, visit Economist.com slash Espresso, |
| 0:25.5 | or visit our Espresso app to start listening. |
| 0:28.6 | Here's today's free edition. This is the world in brief from The Economist. |
| 0:37.0 | Our top stories. |
| 0:44.0 | Flash floods killed at least 95 people in Spain. |
| 0:50.0 | More than 1,000 troops have been deployed to support rescue operations after flooding began around the country's Valencia region. |
| 0:59.0 | In some areas in the southeast of Spain, a year's worth of rain fell in just eight hours. |
| 1:06.4 | Spain's Prime Minister, Pedro Sanchez, declared three days of mourning. Rachel Reeves, Britain's finance minister, delivered the Labour Party's first budget in 14 years. |
| 1:19.0 | Ms Reeves announced 40 billion pounds or 52 billion dollars in tax increases, |
| 1:25.6 | including raising employers national insurance contributions by 1.2 percentage points to 15%. |
| 1:33.9 | Britain's government will boost public investment by more than 100 billion pounds |
| 1:39.4 | over the next five years, increasing spending on transport, schools and hospitals. |
| 1:47.0 | America's economy grew by an annualized rate of 2.8% in a three months to September, just shy of analysts' expectations of 3%. |
| 1:57.8 | America's Bureau of Economic Analysis said that strong consumer spending and exports boosted growth. |
| 2:05.0 | Data published on Thursday is expected to show that inflation has eased too. |
| 2:11.0 | America's economy has vastly outperformed other rich countries. |
| 2:17.0 | The Israel Defence Forces said they conducted intelligence-based strikes on fuel depots used by Hezbollah in eastern Lebanon, |
| 2:26.0 | at least 11 people were killed according to Lebanese officials. |
| 2:30.0 | Earlier Israel ordered residents of nearby towns to evacuate. |
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