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Speaker 1: We're going to head to the UK and Europe. Now

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Speaker 1: it is time to catch up with GEVN. Gray. Good evening, GEVN.

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Speaker 2: Hi, Francisca, good to talk to you. Now.

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Speaker 1: The UK government is investigating thirty seven UK linked businesses

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Speaker 1: but potentially breaking Russian oil sanctions.

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Speaker 2: Tell me about this, yeah, well, of course the Russians.

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Speaker 2: The sanctions brought in against Russia were introduced by the

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Speaker 2: UK and other countries following the invasion of Ukraine in

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Speaker 2: twenty twenty two, but since then critics said that they're

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Speaker 2: not very effective because the labors figures actually show the

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Speaker 2: Russian economy is growing. So the question is how is

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Speaker 2: that being allowed to happen. Well, a report out suggests

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Speaker 2: there are thirty seven businesses that have links to the UK.

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Speaker 2: It is thought that they are potentially maritime insurance firms.

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Speaker 2: Why does that matter, Well, because what it's enabling Russia

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Speaker 2: to do, if it's true, is effectively to have Russian

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Speaker 2: oil refined in another country and then bought around the world. So,

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Speaker 2: in other words, a loophole in the sanctions effectory effectively,

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Speaker 2: and some of the oil is being exported into the UK.

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Speaker 2: But because it's being refined the country. Then it sort

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Speaker 2: of is escaping these various sanctions. So although the government

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Speaker 2: and authority see saying, look that this cap is reducing

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Speaker 2: Russia's tax revenues from oil, it does appear there are

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Speaker 2: loopholes around it. We don't know the names of the

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Speaker 2: companies involved, and we do know there are some fairly

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Speaker 2: hefty sanctions fines that can be given out to companies

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Speaker 2: who break these rules, but so far no finding and

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Speaker 2: many are calling for these sanctions to be tightened up considerably.

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Speaker 1: Given good times for people under thirty five.

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Speaker 2: The Portugal, yeah, very much so, they are absolutely the

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Speaker 2: government in Portugal absolutely slashing the amount of tax that

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Speaker 2: they have to pay if you're under thirty five. And

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Speaker 2: it's all an attempt to try and dissuade people from

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Speaker 2: emigrating from Portugal and also encourage foreigners to settle in Portugal.

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Speaker 2: So this has been presented to Parliament. The center right

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Speaker 2: government of the Prime Minister is aiming to reduce income

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Speaker 2: tax for young people considerably. So those with an average

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Speaker 2: salary of just under thirty five thousand New Zealand dollars

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Speaker 2: currently paid twenty six percent rate of tax on the

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Speaker 2: money they earn over roughly, it's sort of roughly over

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Speaker 2: about twenty thousand New Zealand dollars twenty five thousand New

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Speaker 2: Zealand dollars. But under the government's plans, those I have

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Speaker 2: an under can earn up to fifty thousand New Zealand

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Speaker 2: dollars and will pay nothing at all in tax for

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Speaker 2: the first year. The tax bund would then progressively increase

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Speaker 2: over ten years. And this does measure. This measure does

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Speaker 2: apply to foreigners as well, because in recent years many

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Speaker 2: foreigners are flocked to Portugal, lured by affordable rents, mild

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Speaker 2: weather and natural beauty, but many others of the under

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Speaker 2: thirty five age bracket are leaving Portugal with low salary

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Speaker 2: in that country a major major issue, combined with rents

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Speaker 2: going up considerably in particularly the towns and cities of Portugal.

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Speaker 2: So this is a bold move or wait to see

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Speaker 2: if it works, wait to see if it does come in.

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Speaker 1: Well, Kevin, we've just been talking on the show today

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Speaker 1: about the migration issues we have here in New Zealand

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Speaker 1: and trying to keep our young talented New Zealanders here

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Speaker 1: and now they're probably are just going to heat the Portugal.

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Speaker 1: So thank you for thank you for that. The Princess

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Speaker 1: of Wales has made an unexpected appearance alongside the Prince

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Speaker 1: of Wales.

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Speaker 2: Yeah, significant step. I think it's her first official public

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Speaker 2: engagement since she finished her chemotherapy treatment. And she visited

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Speaker 2: south Pot which is in northwest England and where three

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Speaker 2: children were killed in a knife attack back in July

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Speaker 2: that we were reporting on. She met the parents of

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Speaker 2: the bereave. She also met the emergency service workers with

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Speaker 2: Prince William as well, and the couple respoke to those

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Speaker 2: first that devastating attack in the seaside town of Southport.

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Speaker 2: Catherine hugged some of the emergency workers with the local

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Speaker 2: far chiefs, saying that she could really see emotion in

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Speaker 2: them all, including the royals. It was planned as a

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Speaker 2: low key event to allow time to be spent in

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Speaker 2: private with the families. For more from Hither Duplessy Allen Drive,

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Speaker 2: listen live to news talks. It'd be from four pm weekdays,

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