sixteen minutes past the hour britain's chancellor george osborne's announcing billions more in government spending cuts. biting for many across the. reports the effect could be devastating for some of the most vulnerable. once a place of sanctuary now a peyton symbol of austerity burson a small garden with west will often sought refuge from her financial worries it was a she'd raised a family but when her son moved out she was caught by the new government scheme the bedroom tax days in social housing with spare rooms must face a cuts to the housing benefits all moved to somewhere smaller less than a month ago and the fifty three year old grandmother of one killed herself by stepping in front of the meeting lori she left this suicide note behind for her devastated family. about god. she loved god. and. all that she'd know. is quite a big impact small tight knit communities like this one lived in might be a long way from westminster because many of the people who live in communities like that have been among some of the hardest hit by the government's austerity measures many people. are hav

more austerity haddon britain's way with chancellor george osborne set to unveil a slew of cuts in his upcoming spending review he's already said almost twelve billion pounds need to be shared from government budgeting is going to tell the british people just who is going to suffer the most because artists are for ports cutting crucial services back to the bare bones could have a devastating effect on the most vulnerable once a place of sanctuary now a peyton symbol of a stereotype person a small garden was west stephanie will often sought refuge from her financial ways it was a she'd raised a family but when her son moved out she was caught by the new government scheme that's the bedroom tax days in social housing with spare rooms let's face it cuts to the housing benefits only to somewhere smaller less than a month ago and the fifty three year old grandmother of one killed herself by stepping in front of a meeting lori she left this suicide note behind for her devastated family about garden was her world she loved. her home and the thought of maybe. all that she'd know. the governmen

osborne is set to announce even more sweeping national cuts in his upcoming spending review is already set almost twelve billion pounds need to be shaved from government budgets and he's going to tell the british people just who's going to suffer the most but it's also reports cutting crucial suffer says back to the bad buns that have a devastating effect on the lives of the most fun. once a place of sanctuary now a patent symbol of austerity burson a small garden with west stephanie bottrell often sought refuge from her financial worries it was here she'd raised a family but when her son moved out she was caught by the new government scheme the bedroom tax days in social housing with spare rooms let's face it cuts to the housing benefits all moved to somewhere smaller about god with her world she loved about god. she. was quite a big impact let's in a month ago and the fifty three year old grandmother of one killed herself by stepping in front of a meeting lori she left this suicide note behind for her devastated family. the government insists that the cuts are necessary and that the

osborne is doing he just released his budget for the you know forward year and it's packed with all these accounting gimmicks to get much short term sugar high of cash along for decades liabilities that the u.k. will never be able to pay off now importantly who was the director general of the treasury of italy at the time oh it was one mario draggy who you might recognize as the guy in charge of the e.c.b. the european central bank well following these derivatives these dodgy derivatives he then went to goldman sachs in two thousand and two a similar thing again to what we saw and greece but there is a concerted conspiracy of racketeering and price fixing and manipulation and accounting fraud involving mario draggy all the policy makers in adelaide always saw the same thing in greece christine legarde totally implicated in massive financial fraud at the i.m.f. the troika the e.c.b. the e.u. they're all involved of course it's not a stated fraught in that. you've got a group of gangsters divvying up let's say the brooklyn fish market or some trucking franchise it's all through the ba

osborne explained on the front line and need a boost to their resources are to contribute to the attempt to justify the move by referring to the terror threats convincing. all this extra money for m i five six and g c h q when previously the government said they were causing it they're trying to spin this as something to do with the willage attack here in south london when a british soldier was beheaded seemingly but that in a terrorist incident but as we know and as we've covered on this channel that itself was an m i five operation in the sense that the s.a.'s recording with m i five because this man had been in kenya in the somalian border why are they doing this right now and how all of that while they're cutting what the science research budget pollution controls flood controls closing down libraries hurting the dispossessed the people with fragile lives they want to put all this money into the intelligence agencies and also i should add they're also increasing the aid foreign aid budget which so many farias and strange operations also occur in the name of foreign aid to help other

chancellor george osborne he's set to announce even more sweeping national cuts in his upcoming spending review has already said almost twelve billion pounds need to be shaved from government budgets and he's going to tell the british people just who's going to suffer the most. the report once a place of sanctuary now a peyton symbol of a stereotype person a small garden was west stephanie but she will often sought refuge from her financial ways it was a case she'd raised a family but when her son moved out she was caught by the new government scheme that's the betting tax days insatiable housing with spare rooms let's face it cuts to the housing benefits all me to somewhere smaller less than a month ago and the fifty three year old grandmother of one killed herself by stepping in front of a meeting lorry she left the suicide note behind the head devastated family. about god. she loved. the government that the cuts are necessary and that the current changes to the benefit system will eventually improve the lives of some of the poorest family but part of the wealth of the whole taking pla

osborne said it's because they're on the front line and need a boost to their resources well george galloway he's a british m.p. for the respect party aspect of it a bit earlier he believes it's not enough but only because it has itself to blame britain is in very real clear and present danger from terrorism both from within and from without but only a fool or a knave would seek to separate british foreign policy from the danger of terrorism only an idiot could imagine that if you go around the world invading and occupying other people's countries you're not going to generate a real danger to yourself but we've gone one step father in syria before in libya we're actually giving guns and money to the very terrorist extremists who are attacking us on the streets of our own capital city it must be a policy which virtually qualifies as insanity and an insane policy. is not going to keep people safe another right to brutal violence reportedly by syrian rebels has appeared on the web i'm very fine video shows the beheading of three supposed government supporters the title of the footage s

osborne don't be surprised when you wake up and flip on the b.b.c. one day and there's one hundred thousand britons on the street with torches looking for the perpetrators of this financial holocaust well in fact the treasury minister greg clark told the b.b.c. that the report was them press of piece of work and its recommendations would be carefully considered dismissing the notion that it would be shelled once frustration with the banks had died down well for me it's heartening because it means that the timeline of the global insurrection is going to hit the u.k. . in the time that i a believe it will with this is why we're here doing our show because we want a front line on this insurrection and revolution against the banks are certainly a case of the fact that they've come out with this report shows that the timeline is in place you know they're beginning to smell the the the the fire is burning at the ramparts so game on so here we see this polite language and when dealing with massive hundreds of trillions of dollars fraud and conspiracy and cr

osborne we've got his labor council part of balls as well as the former u.s. secretary of state henry kissinger got the former head of the cia david petraeus not of course to forget the heads of all the noun isn't and b.p. and goldman sachs and you get the idea now delegates famously don't disclose details of what happens behind closed doors and what's discussed fueling the conspiracy theories behind those doors plots for world domination this year has bills burke gone mainstream because for the first time ever we had some contact and speak to me more about that i'm joined by charlie skelton to parents the campaign of covering this closely for a number of years now break it down for us and you know kind of separate the conspiracy theory from what we actually do you know because there are talks of course the world domination but what actually does happen at these. workers and what goes on out here is a growing frustration that the media relation between discreet and the press and public is so poor we are assaulting the builder back group with shearing why we're

osborne pyramid scheme which is helped by the same type of artificial money printing and. they are the synthetic heads is exactly the same sort of product that blew up greece this is why we have austerity around the world and of course you know here in belfast the protesters all and many of them had signs of placards saying down. capitalism capitalism has failed and i'm going to show you prove again once again that in fact we don't have capitalism is called gangsterism it's command and control ism it's not whatever they say it is the one thing that hasn't been reported on that we discovered here in belfast that the suicide rates are skyrocketing. well rothschild's bank itself says the financial risk is best taking by government second best is being taken by graduates and lastly by investors who want inflation protection so capitalism is supposed to be about investors taking risk it's about they're the ones that are supposed to be the qualified investors who understand risk and manage risk and keep save the global economy from concentrate their propaganda course they don't

and giving birth to george osborne's help the bicycle ponzi scheme and now this time just so last year the loans forty billion pounds or this little deal on the tiles along some of those government i mean you know the pricing this debt sixty three in the pound of outstanding balance now rose to reporters from november two thousand and seven and that's on the government thought it was the value of keeping the loans on books with seventy in the pound so there's a seven piece spread there you shift shift these loans off the book brings down the public sector and that fine. and you get a bit of cash upfront now but in the long run in the long term of these loans you know you've gone an income stream we're locked in a moment you're locking in a loss yeah so for decades in some senses you have to question the economic numerously of a decision like this where the government has an even lower rate of borrowing than the potential purchases but in order to sell it then has to offer officially reproduce and that's that same interest rate for the bias and therefore takes on the loss itself because

osborne we've got his labor council part as well as the former u.s. secretary of state henry kissinger got the former head of the cia david petraeus not of course to forget the heads of google and amazon and b.p. and goldman sachs and you get the idea now delegates famously don't disclose details of what happens behind closed doors and what's discussed fueling the conspiracy theories behind those doors plots for world domination now was artie's sarah first reporting and that's going to do it for now for more on the stories we covered go to youtube dot com slash r t america and for the latest information coming out from your world go to our team dot com slash usa follow me on twitter at meghan underscore lopez and stay tune prime interest next. finally i think. i'm. safe. wealthy british style. time to write. markets why not come to. find out what's really happening to the global economy with mike's cars or for a no holds barred look at the global financial headlines tune in to kaiser report on. you know how sometimes you see a story and it seems so fo

speaking after the announcement the chancellor, george osborn is expected to announce more details of the privatization in a speech next week had this to say about stephen hester. >> five years ago rbs was on the edge of collapse and stephen hester has done a very good rescue job. but now we need to move from taking rbs back from the brink and out of the rescue phase to a new phase where rbs does nor support the british economy and we focus on trying to get british taxpayers money back and that's what we're going to do. >> speak being earlier to cnbc the chairman of rbs addressed unhappy shareholders and how stephen hester's departure is not in the bank's best interest. >> stephen hest sear highly talented, highly effective chief executive and businessman. but stephen recognizes that given where we are, and given his time in post and given what we want to achieve he absolutely understands, we had lots of long discussions about it, he absolutely understands the advantages of having a chief executive in place in 2014 who can creditably say to the investors and markets this is what you'r

osborne says this is because they are on the front line and need a boost to their resources well let's talk more about this with british george galloway for the respect party joining me live now from london george security surely a priority so they deserve this money don't they. well there probably need every penny of it and more because britain is in very real clear and present danger from terrorism both from within and from without but only a fool or a knave would seek to separate british foreign policy from the danger of terrorism and the mayor of london i'm afraid is a fool and the prime minister is a knave only an idiot could imagine that as ken livingstone just pointed out in that report that if you go around the world invading and occupying other people's countries you're not going to generate a real danger to yourself blowback as can called it but we've gone one step farther known in syria as before in libya we're actually giving guns and money to the very terrorist extremists who are attacking us on the streets of our own capital city it must be a policy which virtually qualif

the finance minister, george osborne, has just announced entitlement reform of sorts to save 8.5% from the uk budget. a lot of that money, even greater amount of money, will go into infrastructure spending. an announcement on that will be made tomorrow but a lot of pain in the uk. $18 billion of cuts now from current expenditure with the promise of $150 billion of infrastructure spending to be announced tomorrow that they will finance in a very different way. back to you. >> quite a day on all frobts. thanks so much. let's get a check on energy, too and commodities. bertha coombs at the nymex. hey, bertha. >> how are you, carl? we have right now the dollar moving near the highs of the session, and that is pressuring commodities overall. the inventory numbers as far as oil and products were concerned, fairly bearish. we saw a flat number, haven't seen one of those in a while in terms of crude stockpiles. the expectation had been for a decline. and refiners produced an awful lot of gasoline. they may be stockpiling ahead of next week's july 4th holiday but folks aren't biting. we saw a b

in the uk, finance minister george osborne expected to announce $18 billion in spending cuts but trying to temper the cuts with promises of longer term capital equipment and infrastructure projects. gold, that might be the story of the morning, losing more of its luster as it hit as three-year low this morning. brian had more on that before. bouillon is down 7 out of 8 sessions. we'll have more on the gold fall in a couple of minutes. >> in the midst of a credit market sell-off the pimco fund is down for june. data says that makes the fund the 12th worst performer among 177 similar funds this month. the class is down an average of 2.65% for june and 4.3% since the end of april. >> safe to say mckesson chairman and ceo john hammergrin will will have a comfortable retirement. he would have been entitled to a record $159 million lump sum pension payout. $159 million. >> pension plan. does that mean he earn it? >> you going to defend that, andrew? even as a capitalist i can't defend that. if he decided to retire this past march. according to pay tracker the next highest potential payout is

tonight the finance minister in the united kingdom, george osborne, will detail when they are going to be privatized. 81% of rbs is owned by the uk government. 39% of lloyds bank is owned by the uk government as a result of the $20 billion they pumped into the system to save it in 2008 and a lot of people want to know when they will come to market, kelly. >> just a brief mention as well, we get the pmi data tomorrow. >> yes. something that the producer is even more anxious that i tell you about. dolce & gabbana have been sentenced in milan. they have been sentenced both of the two designers this their absence to one year and eight months in prison for hiding, it is alleged, hundreds of phillies of euros from the tax authorities. neither of them were present at the court. this obviously isn't pictures of the court. they don't dress like that in court. and the likelihood is if -- as you know this, kelly, if past performance is anything to go by, they probably won't serve any time. it's a very complicated process, the italian legal system, but it is going to make a lot of headlines tomorr