�*that �* that is that �*that is that many downside of that is that many pensioners will likely have to start paying _ pensioners will likely have to start paying income tax as they will be dragged — paying income tax as they will be dragged above the income tax threshold that has been frozen, and this would _ threshold that has been frozen, and this would also be relatively costly for the _ this would also be relatively costly for the chancellor and could mean about— for the chancellor and could mean about 12 _ for the chancellor and could mean about 12 billion next year in upgrading the pension. sue, one cuestion upgrading the pension. sue, one question is— upgrading the pension. sue, one question is what _ upgrading the pension. sue, one question is what help _ upgrading the pension. sue, one question is what help is - upgrading the pension. sue, one question is what help is there . upgrading the pension. sue, one question is what help is there on i question is what help is there on energy bill for part—time workers? nothing specific for part—time workers but they will still be getting the £400 energy bill discount, but one thing is that if people are working from home and part—time workers might well be working from home, you might be able to claim the working from home tax allowance. that is worth around £60 per year and applies if an up —— an

employer asks you to work from home, so if you decide as a freelancer you fancy working from home, it's not the same as if an employer ask you to work from home. you can claim that and you can also backdate it for the last couple of years as well, so it's not a huge amount and every penny counts and it is worth about £60 a year, so you can do that, and obviously if you are living in rented accommodation and you are working part—time, then the rules are that your landlord should be passing on any benefit from the £400 energy bill discount to you as well, so that may well help. steph asks how does _ well, so that may well help. steph asks how does removing _ well, so that may well help. steph asks how does removing the - well, so that may well help. steph asks how does removing the cap i well, so that may well help. steph asks how does removing the cap on bankers bonuses help the economy? well, we need to bear in mind that given— well, we need to bear in mind that given the _ well, we need to bear in mind that given the evidence we have had so far, given the evidence we have had so far. the _ given the evidence we have had so far, the policy of the cap has not really— far, the policy of the cap has not really been — far, the policy of the cap has not really been effective. what it means is that _ really been effective. what it means is that it _ really been effective. what it means is that it encourages base rates,

base _ is that it encourages base rates, base wages, essentially. the bake it -- basic— base wages, essentially. the bake it —— basic package to rehire, that makes — —— basic package to rehire, that makes pay— —— basic package to rehire, that makes pay rather less flexible, so in bad _ makes pay rather less flexible, so in bad times, employers can adjust pay accordingly. so overall the government hopes it will make the uk more attractive to the financial sector— more attractive to the financial sector and will more business essentially to the uk from other financiat— essentially to the uk from other financial centres. we need to bear in mind _ financial centres. we need to bear in mind that the original cap was introduced — in mind that the original cap was introduced by the eu after the global— introduced by the eu after the global financial crisis and it came into force — global financial crisis and it came into force in 2014, and it was actually _ into force in 2014, and it was actually opposed by the uk at the time and — actually opposed by the uk at the time and they were attempting to overtum— time and they were attempting to overturn this at the european court

ofjustice, — overturn this at the european court ofjustice, so now we are not a member— ofjustice, so now we are not a member of— ofjustice, so now we are not a member of the eu, the government decided _ member of the eu, the government decided to— member of the eu, the government decided to revisit the rules, essentially.— essentially. sue, martin in stevenage _ essentially. sue, martin in stevenage says _ essentially. sue, martin in stevenage says what - essentially. sue, martin in stevenage says what help| essentially. sue, martin in. stevenage says what help is therefore students with rising food prices? therefore students with rising food rices? . . therefore students with rising food rices? ., , ., therefore students with rising food rices? .,, ., ,, . . , prices? there was no specific help announced — prices? there was no specific help announced in _ prices? there was no specific help announced in today's _ prices? there was no specific help announced in today's mini - prices? there was no specific help| announced in today's mini budget, but there are other things, for example, most students buy have these already but there are student discount cards you can get which enable you to get discounts, one of which is at some supermarkets including the co—op, a smaller shop, not the likes of a big tesco or ld, but you can get some discounts like that but also if you are living in rented accommodation as a student, you can make sure you speak to your landlord and you will get the benefit from the £400 energy bill discount and that your landlord is going to be passing that on and just to be checking that you are claiming every single penny you can and

making sure that you are looking at your finances and worth checking it out what you are entitled to, and you can see if there was anything at all that may be six months earlier you could not and if your situation has changed, it depends where you are living you may be able to claim something, so nothing specifically for students but certainly with the benefits of the energy bill discount schemes, it might be worth looking at the student cards as well but not at the student cards as well but not a huge amount to suggest. john at the student cards as well but not a huge amount to suggest.- a huge amount to suggest. john in essex asks — a huge amount to suggest. john in essex asks if _ a huge amount to suggest. john in essex asks if there _ a huge amount to suggest. john in essex asks if there is _ a huge amount to suggest. john in essex asks if there is evidence - a huge amount to suggest. john in | essex asks if there is evidence that trickle—down economics ever works, and maybe explain what trickle—down economics is. the government is saying that this is not necessarily trickle down economics.- saying that this is not necessarily trickle down economics. again, it all depends _ trickle down economics. again, it all depends on — trickle down economics. again, it all depends on how _ trickle down economics. again, it all depends on how you _ trickle down economics. again, it all depends on how you define i trickle down economics. again, it all depends on how you define it. j all depends on how you define it. essentially, it knew could see trickle—down is something that by

allowing _ trickle—down is something that by allowing the private sector to spend more _ allowing the private sector to spend more by— allowing the private sector to spend more by reducing the tax because you increase _ more by reducing the tax because you increase the _ more by reducing the tax because you increase the supply side and the overall— increase the supply side and the overall output, that will generate growth _ overall output, that will generate growth and trickle—down not just to tax revenue, but also other parts of the economy for those people who are poorer, _ the economy for those people who are poorer, they— the economy for those people who are poorer, they will get more money as there _ poorer, they will get more money as there will— poorer, they will get more money as there will be more money to spread around, _ there will be more money to spread around, so — there will be more money to spread around, so i — there will be more money to spread around, so i guess a lot of it will depend — around, so i guess a lot of it will depend on — around, so i guess a lot of it will depend on where the money is going. the majority of what the government announced _ the majority of what the government announced so far is going for immediate consumption. a lot of it in terms _ immediate consumption. a lot of it in terms of— immediate consumption. a lot of it in terms of the actual money from the numbers we have seen so far, will go _ the numbers we have seen so far, will go on — the numbers we have seen so far, will go on protecting incomes and shielding — will go on protecting incomes and

shielding people from the rising energy— shielding people from the rising energy prices. that will in turn partially— energy prices. that will in turn partially be saving for some households or consumed by others, and that— households or consumed by others, and that will cause the economy to .row and that will cause the economy to grow lrut— and that will cause the economy to grow but not that much but not a big multiplier— grow but not that much but not a big multiplier there. grow but not that much but not a big multiplierthere. if grow but not that much but not a big multiplier there. if you had that money, — multiplier there. if you had that money, part of that money going to investment— money, part of that money going to investment or going to things that will permanently increase the growth momentum in the uk which is really what the _ momentum in the uk which is really what the government is trying to do by increasing growth, that would potentially be a different story because — potentially be a different story because it could make us, the output. — because it could make us, the output, more output, there will be more _ output, more output, there will be more to— output, more output, there will be more to share and more tax revenue as well— more to share and more tax revenue as well as _ more to share and more tax revenue as well as a — more to share and more tax revenue as well as a result of it, so i would — as well as a result of it, so i would say— as well as a result of it, so i would say at this stage what we have seen on _ would say at this stage what we have seen on this— would say at this stage what we have seen on this is potentially why we have _ seen on this is potentially why we have seen— seen on this is potentially why we have seen markets wobbled a little bit because there hasn't been that evidence _ bit because there hasn't been that evidence in the budget that it's going _

evidence in the budget that it's going to — evidence in the budget that it's going to generate as much momentum as what— going to generate as much momentum as what it _ going to generate as much momentum as what it was billed as. sue, going to generate as much momentum as what it was billed as.— as what it was billed as. sue, what about the impact _ as what it was billed as. sue, what about the impact of _ as what it was billed as. sue, what about the impact of the _ as what it was billed as. sue, what about the impact of the income - as what it was billed as. sue, what| about the impact of the income tax cut on people earning £55,000 up to £150,000? you cut on people earning £55,000 up to £150,000? ., , , £150,000? you will still benefit. not a huge _ £150,000? you will still benefit. not a huge amount, _ £150,000? you will still benefit. not a huge amount, but - £150,000? you will still benefit. not a huge amount, but from - £150,000? you will still benefit. | not a huge amount, but from the £150,000? you will still benefit. - not a huge amount, but from the cut in basic rate, because once you earn over £12,500, which is the personal tax threshold we all have, once you earn over that the next chunk is basic rate tax, then from around £50,000 upwards is 40% tax, so you will benefit a small amount from the fact that the basic rate has been cut by a penny in the pound from next year. but, of course, the higher earners, the ones earning our hundred and £50,000 or more who will obviously see a big change, because instead of paying 45% tax, they will still be paying 40%, so anyone from

£50,000 upwards, it's 40% is kind of the top whack of tax that you can pay regardless of income, which is a source of discrepancy already from comments i've seen on twitter and all sorts of people saying that if you earn £60,000, you could be paying the same level of tax at 40% as people early as multimillionaires, which on the surface seems a really, really unfair. �* , ., ., , unfair. roared in bristol asks, why the tax cuts _ unfair. roared in bristol asks, why the tax cuts be _ unfair. roared in bristol asks, why the tax cuts be gobbled _ unfair. roared in bristol asks, why the tax cuts be gobbled up - unfair. roared in bristol asks, why the tax cuts be gobbled up by - unfair. roared in bristol asks, why| the tax cuts be gobbled up by price rises anyway? that is for you, sue, sorry. i rises anyway? that is for you, sue, sor . ., ., sorry. i thought we were going backwards _ sorry. i thought we were going backwards and _ sorry. i thought we were going backwards and forwards. - sorry. i thought we were going - backwards and forwards. absolutely. and i think this is the problem that on the one hand you might be seeing you get some money with the tax cuts, but equally, as we all know, inflation crept down slightly, but almost 10% grocery price inflation, the price at the supermarket styles

has been going up 12 or 13%. and we are seeing that we are battling the cost of living and even if you are getting a few more quid here and there, one of the big things i could say and bearing in mind yesterday's base rate rise from the bank of england is that for the people who are on the standard variable rate mortgages or tracker mortgages it's well worth looking to see if you can consider if you want to do it, locking into a fixed—rate deal, because we are expecting rate rises to keep coming, and if you are locked into a fixed rate deal it means you can budget so you know how much you are paying each month, ongoing, and if you are on a fixed rate deal right now and even in the last three to six months, you can speak to your lenders, shop around and a lot of lenders will let you switch from one deal in the last three to six months, so you don't

have to get to the point where the deal means you are whacked onto the standard variable rate which is much higher usually. last standard variable rate which is much higher usually-— higher usually. last question for ou, higher usually. last question for you. yael. _ higher usually. last question for you. yael. how— higher usually. last question for you, yael, how will— higher usually. last question for you, yael, how will we - higher usually. last question for you, yael, how will we pay- higher usually. last question for you, yael, how will we pay for. higher usually. last question for you, yael, how will we pay for it and you have less than a minute to tell us. . . and you have less than a minute to tell us. . , , ., and you have less than a minute to tell us. ., , ., . , , and you have less than a minute to tellus. , ., . , , _ tell us. the last short answer is by borrowin: tell us. the last short answer is by borrowing more _ tell us. the last short answer is by borrowing more and _ tell us. the last short answer is by borrowing more and more - tell us. the last short answer is by i borrowing more and more short-term borrowing more and more short—term debt, _ borrowing more and more short—term debt, so— borrowing more and more short—term debt, so we _ borrowing more and more short—term debt, so we have heard today that the office — debt, so we have heard today that the office for debt management will will revise _ the office for debt management will will revise the amount by 70 billion this year— will revise the amount by 70 billion this year to — will revise the amount by 70 billion this year to reflect greater borrowing and we estimate, and over two years _ borrowing and we estimate, and over two years that is 2.3% of gdp, in the longer— two years that is 2.3% of gdp, in the longer term we will either need to see _ the longer term we will either need to see higher taxes or cuts to

public— to see higher taxes or cuts to public services. some of which might be able _ public services. some of which might be able to— public services. some of which might be able to be paid by the higher gross _ be able to be paid by the higher gross that the government hopes to trigger— gross that the government hopes to trigger but it's unclear whether that will— trigger but it's unclear whether that will be sufficient to cover such — that will be sufficient to cover such a — that will be sufficient to cover such a large increase in public debt — such a large increase in public debt. . ~ such a large increase in public debt. . ,, , ., such a large increase in public debt. . ,, . , . debt. thank you both are very much, and thank you _ debt. thank you both are very much, and thank you at _ debt. thank you both are very much, and thank you at home _ debt. thank you both are very much, and thank you at home for _ debt. thank you both are very much, and thank you at home for your- and thank you at home for your questions as well. now look at the weather. there's quite a lot of sunshine across many parts of the uk at the moment. brighter coolerr developing in many parts with the early satellite image, but a band of cloud dragging its heels in the south—east corner with a slow—moving weather front providing outbreaks of heavy and quite persistent rain across the south—east corner up into essex and suffolk as we go through the afternoon, but elsewhere, sunny spells, scattered showers and temperatures between 15 and 20 degrees in most places. through the evening and overnight the rain will continue to fall across the south—east and further north and west, clear spells and scattered showers for irish sea

coasts and showers pushing across eastern scotland into north—east england and quite a cold night in parts of scotland with temperatures for some close to freezing, but milder in the south—east because here into tomorrow morning we will still have a lot of cloud and still have outbreaks of rain. perhaps enough rain in a few places to give some localised travel disruption and may be localised flooding and that rain could linger for quite a good part of the day. but elsewhere we will see sunny spells, scattered showers, especially for england and wales, not as many for northern ireland or scotland but quite a keen northerly breeze making it feel rather cool out there. 14 to 18 degrees as the top temperatures. as we look to sunday, the rain should clear in the south—east corner with some residual showers but the best of the sunshine will be in the south. more cloud further north and outbreaks of rain, heavy rain at that into the north—west of scotland and temperatures again between 14 and 18 degrees. let me take you to the other

side of the atlantic, because this is a major hurricane, hurricane fiona which has been tracking northwards and is now moving towards the eastern side of canada where it could still bring hurricane force winds, may be the strongest storm that canada has seen for many a decade. this storm is not heading directly in our direction but it could have an indirect influence on the weather because as it shifts northwards it will help build this area of high pressure and this, as we head into next week, will give us a strong northerly winds and that will make it feel quite a lot colder.

hello, i'm joanna gosling. live in westminster — where the chancellor kwasi kwarteng has announced the government's mini—budget. there will be cuts on income tax and stamp duty — and the chancellor has lifted the cap on bankers' bonuses. we promised to prioritise growth, mr speaker. we promised a new approach for a new era and promised to release the enormous potential of this country. 0ur growth plan has delivered all of those promises, and more. labour said the changes are a "comprehensive demolition" of the government's last 12 years in power. the oil and gas producers will be toasting the chancellor in the boardrooms as we speak while working people are left to pick up the bill. it's being described as the biggest tax cutting budget in half a century — we'll be looking at

what this means for you. get in touch with any questions or thoughts — i'm @bbcjoannag on twitter — or use the hashtag bbc your questions. and i'm lukwesa burak — the other stories on bbc news. the victims' commissioner for england and wales dame vera baird resigns, describing the criminaljustice system as being in chaos. an update on the molly russell inquest — a coroner issued the "greatest" warning as the court was show distressing videos the teenager liked on instagram. and author dame hilary mantel, best known for her wolf hall trilogy, has died aged 70. it was the holy grail that we all aspire to, she was thejk rowling of historical fiction.

in a massive shake—up of the uk's finances, the chancellor kwasi kwarteng has outlined a series of tax cuts and spending commitments that will cost £45 billion by 2027. the government says its policies will help boost economic growth, but critics say funding the tax cuts will lead to unsustainable borrowing. the government had already confirmed the national insurance rise would be reversed from november. let's take a look at the measures announced this morning in detail. the basic rate of income tax will be cut by 1p to 19p — and the 45% tax rate for top earners over £150,000 will be abolished

from april next year. a planned rise in corporation tax from 19% to 25% has been cancelled — that's the tax businesses pay on their profits. there will be a cut to stamp duty in england and northern ireland — that's the tax you pay when buying a property. the threshold will be raised to £425,000 for first time buyers and £250,000 for everyone else. the rules which cap bankers' bonuses to twice their annual salary have been scrapped. more than 40 new �*investment zones' will be set up in england — these zones will be allowed to relax planning rules and reduce business taxes to encourage investment. and planned increases in the duty rates for beer, for cider, for wine, and for spirits will all be cancelled. and as we've been saying — the government described today's announcement as a mini—budget — but this chart from the institute for fiscal studies shows today's statement represents the biggest tax cut of any budget since 1972. here's our political

editor, chris mason. can you afford these i tax cuts, chancellor? technically, this wasn't even a budget. in reality, inside that blue booklet were the biggest tax cuts in 50 years. i now call the chancellor. of the exchequer to make a statement, chancellor! kwasi kwarteng told mps it was all about firing up the economy. growth is not as high as it should be. this has made it harder to pay for public services requiring taxes to rise, and we need a new approach for a new era. our aim over the medium term is to reach a trend rate of growth of 2.5%... and so, rises in national insurance and corporation tax are being scrapped, and then the big reveal on income tax.

right now, the very highest earners, those on £150,000 a year, pay 45p in tax for every £1 over that amount they earn, but not for much longer. they have a big tax cut coming. but i'm not going to cut the additional rate of tax today, mr speaker. i'm going to abolish it altogether. from april 23rd, we will have a single higher rate of income tax of 40%. this will simplify the tax system and make britain more competitive, it will reward enterprise and work, it will incentivise growth, it will benefit the whole economy and the whole country... and there was more, an income tax cut for everyone. i can announce today that we will cut the basic rate of income tax to 19p in april 2023, one year early. that means a tax cut for over 31 million people in a few months time. also, an immediate cut in the property buying tax stamp duty in england and northern

ireland. but some of the measures announced ministers know are not popular, including removing the cap on bankers' bonuses, so why do it? we need global banks to create jobs here, invest here, and pay taxes here in london! in london! not in paris, not in frankfurt, and not in new york. overall, this plan involves the government borrowing a massive amount of money, a huge about turn from recent conservative instincts. rachel reeves! labour pointed out the tories have been in government since 2010. this statement is an admission of 12 years of economic failure, and now here we are, one last throw of the dice, one last claim that these ministers will be different. for all the chopping and changing, all the chaos and confusion, there has been one person there throughout —

the prime minister. a new era, but they have been in government for 12 years, it stretches credibility beyond breaking point, saying that tax cuts for the rich, whopping bonuses for bankers and low corporation tax for companies will somehow re—float, magically, britain's sinking economy. this budget amounts to an environment wrecker�*s charter and is a statement of missed opportunities. a reportjust this week shows that a major programme of insulating homes in britain and installing heat pumps could benefit the economy by £7 billion a year, create 140,000 jobs by 2030, get fuel bills down and climate emissions down too. some financial statements that come out of the treasury can feel inconsequential, easily forgotten. this is not one of them. this is a big move by a new chancellor and a new prime minister with not long to prove that it can work. chris mason, bbc news, at westminster. let's speak to our political

correspondent, damian grammaticas. they have hit the ground running. what is the reaction?— what is the reaction? interesting, es, the what is the reaction? interesting, yes, the government _ what is the reaction? interesting, yes, the government has - what is the reaction? interesting, | yes, the government has surprised some people by how far it has gone with this announcement, even if a lot of it was signalled in advance. some of those eye—catching measures, the cut in the very top rate of tax, the cut in the very top rate of tax, the changes to cuts to stamp duty, the changes to cuts to stamp duty, the house purchases, and we did know about the national insurance changes that were going to happen, and the fact they did not want to go through with the corporation tax increase so all of that from the government side of course, as you heard, the government says this is a plan that will simplify taxes and it is aimed to boost investment, to boost long—term growth. and therefore deliver rising prosperity for

everyone. but it has drawn a lot of criticism. the opposition parties see a very distinctive shift from the government, and they have sharpened their attack very clearly. 0n sharpened their attack very clearly. on one thing they sharpened the attack on is the targeting of this, they say this, the measures in this, disproportionately, the tax—cutting measures, benefit the richest and the biggest corporations. labour say that if you are a pensioner worried about the cost of living and working families single mortgage rate going up families single mortgage rate going up or a small business, this does very little view, and they say it delivers a bigger bonus for bankers and huge profits for energy giants. they say this is a clash of ideas now, a clear distinction between the tory government and labour policies. the liberal democrats say similar things, ed davey, the liberal democrat leader, he said this is

going to... the conservatives are prioritising banks and top earners, and what the opposition parties also point to is that this is irresponsible, because of the extra borrowing, the huge amounts of extra borrowing, the huge amounts of extra borrowing, 240, 200 30 billion, this year, that will be the borrowing figure projected now. and what both warn about his —— is they say it will drive up interest rate rises for families who are having to pay mortgages, that sort of thing, and interestingly, some conservatives also coming out and are concerned about some of the same things. julian smith, conservative mp, he said there were many positive measures but a huge tax cut for the very rich at a time of national crisis is wrong, he said. kevin holly rake said it is a conservative principle to balance the books and

he is worried about the huge borrowing. he is worried about the huge borrowing-— he is worried about the huge borrowing. he is worried about the huge borrowinu. . ., ., , this all comes at a time when inflation, the rate at which prices rise, is at a 40 year high, 9.9%, leaving many households facing hardship. since the government's announcement today, the pound has fallen sharply against the us dollar as investors digest the biggest tax cutting budget in 50 years. 0ur economics correspondent, andy verity, has this analysis. if the markets believed the biggest tax cuts in 50 years were going to boost economic growth, you might expect the pound to strengthen. but foreign currency markets gave it a decidedly grumpy response. the pound, already at its lowest since 1985, dropped 2% to $1.10, which will make it even more expensive for the government to subsidise wholesale energy priced in dollars or euros. if you think about why investors are taking that, well, they don't really believe in the fiscal position of the new government. they're worried that some of these tax cuts that have been announced

aren't going to be fully funded. that will result in a large amount of debt at a time when the bank of england is also going to be selling some of its holdings of uk government debt. here's why the city is worried. it's notjust the energy help for households at 31 billion or six months' help for businesses costing 29 billion, the government has also cut taxes for the highest earners, corporations and individuals, costing 27 billion next year, rising to 45 billion three years from now. kwasi kwarteng's so—called mini budget has implemented maxi tax cuts, bigger than any other chancellor has done in decades. this was a huge event. it's called a mini budget, this is possibly one of the biggest i have seen in 30 years of looking at budgets, and it is certainly the biggest tax—cutting event since 1972, for exactly half a century, since we saw a chancellor stand up and announce quite such big tax cuts. the last time we saw tax cuts this big, there was another energy crisis

and a conservative chancellor subsidising soaring energy prices and trying to go for growth. but two years after anthony barber's 1972 budget, inflation got up to 24%. today, investors sold uk government bonds, demanding a sharply higher interest rate to compensate for the risks of lending to a government that is financing huge tax cuts through borrowing. economists say it is likely to boost growth, but that might not last. we think this will boost output in the economy from something where it was hovering around zero over the next year or so to something like 2% over the next year or so. what it is doing is really bringing about an artificial boom in the economy. and the bank of england is going to respond to that with higher interest rates, because it is boosting the economy over and above its capacity to supply those goods and services. with the government doing its utmost to heat up the economy, the bank of england has to do even more to cool it down and keep inflation under control.

interest rates are now expected in the city to rise by next august to 5.5%, more than twice their current level. andy verity, bbc news. earlier the bbc�*s head of statistics gave us more analysis on the detail of the announcements. what you had it during the time of austerity after the financial crisis was a government that was determined to spend less and it was about getting the deficit down, being responsible with public finances, and at that time at the bank of england was doing the opposite with monetary policy and interest rates, keeping them as low as possible to support the economy, so they were fighting each other then. now they have switched places, so the government is doing the expansionary things, spending more money, up to £100 billion extra as a result of the measures today, even though they were not officially called a budget, this was a maxi budget, not a mini budget. because of those measures there more demand into the economy

and that creates upward pressure on prices so the bank of england now is having to fight in the opposite direction, having to counter the extra heat of the government is putting into the economy, dampening it down with even higher rises in interest rates. 0n the markets they say they think they will have to go up say they think they will have to go up to 5.5% next year. that is a steep rise and we have not been used to it for the last 13 years. we have had emergency low interest rates, super cheap mortgages, i don't think anyone has thought through what the consequences are going to be. in terms of mortgage holders. notjust people on variable rates who might feel the pain straightaway, as the bank increases rates, but those on fixed rate deals, because as they come off in the next year or two and they come to the end of their initial period, they will have to find new interest rates and they will end up paying perhaps twice, maybe even three times as much. so how does that feed into what the government is doing with stamp duty and what the potential impact of the stamp duty cut might be? we

and what the potential impact of the stamp duty cut might be?— stamp duty cut might be? we had stamp duty cut might be? we had stamp duty _ stamp duty cut might be? we had stamp duty relief— stamp duty cut might be? we had stamp duty relief in _ stamp duty cut might be? we had stamp duty relief in the _ stamp duty cut might be? we had stamp duty relief in the pandemicj stamp duty relief in the pandemic which ironically in the middle of the worst economic contraction we had had in 300 years during the pandemic, it caused a mini housing boom because people were keen to get hold of this tax relief before it disappeared. when it disappeared, the housing market dampened down as interest rates began to rise, we have had fewer first—time buyers and fewer people taking up their first mortgage, but now the government is worried that rising interest rates might make that even worse, maybe evenin might make that even worse, maybe even in fear of a crash in the housing market, the governor has given it extra stimulus and decided it was a good use of taxpayers money —— the government has given it extra stimulus. this will push up house prices even further, and for young people it means they get less affordable and for anybody who's next move in the housing market is up next move in the housing market is up it makes it more difficult, but governments through the last 20 years of whatever political stripe has run scared of any drop in house prices even though it might be good for some people, because they are

worried about the politics of it. earlier the bbc�*s head of statistics gave us more analysis on the detail of the announcements. the normal in —— income tax is more money in your pocket but it is targeted at those who are paying the most tax, the biggest earners, we can show this to the audience now. you can see that someone on average earnings, the average full—time salary is around 30 grand, they will take home an extra £400 next year as a result of the changes that were announced this morning but if you go to the top of the scale, someone bring home £200,000, they will be taking home an extra 5000, so you can see they are earning about seven times more, and the benefit to them is 13 times bigger, so this is unashamedly targeted at those who earn the most and the government would argue that they are the people who pay the most tax and in sending

out a pro—business signal, they will get more growth in the economy. what get more growth in the economy. what about stamp duty? _ get more growth in the economy. what about stamp duty? we were talking about stamp duty? we were talking about that in relation to england and northern ireland.— about that in relation to england and northern ireland. scotland and wales have — and northern ireland. scotland and wales have their— and northern ireland. scotland and wales have their own _ and northern ireland. scotland and wales have their own systems, - and northern ireland. scotland and. wales have their own systems, their own rates of tax, and stamp duty in england and northern ireland is a tax you pay on a home that you buy above £250,000. the rate you pay go up above £250,000. the rate you pay go up as the property gets more expensive and we can show you that on the chart. below a quarter of million you don't pay a penny and that will buy you a terraced house in most places in england outside of the south—east. first—time buyers, they do not pay until you reach 420000 and that's the price of a average flat in london. that is quite a saving because everybody else will be paying about £9,000 in stamp duty on a property like that. as you go up the rates, it gets more

and more expensive, and this chart is not comprehensive, of course, the government put out their own stamp duty land tax calculator and they advise you to have a look at that. you don't want to get a surprise after you have made an offer on a house and get landed with this so do don't make the calculation is before you seal the deal.— don't make the calculation is before you seal the deal. what has changed with stamp duty? — you seal the deal. what has changed with stamp duty? it _ you seal the deal. what has changed with stamp duty? it is _ you seal the deal. what has changed with stamp duty? it is around - you seal the deal. what has changed with stamp duty? it is around the . with stamp duty? it is around the 300-600 range. _ with stamp duty? it is around the 300-600 range, they _ with stamp duty? it is around the 300-600 range, they are - with stamp duty? it is around the 300-600 range, they are the - with stamp duty? it is around the - 300-600 range, they are the biggest 300—600 range, they are the biggest changes, so the government has spent about a tenth of what they have been taking in in stamp duty, taking people out of the stamp duty range, they have lifted the threshold at which you start to pay and that has a huge effect on first—time buyers buying homes in the 300— £600,000 range, they could be saving £10,000 at the most. for everybody else it is about 2500 off the price of stamp duty, and the hope is that that will lead to more people being willing to

sell and more people being willing to buy and more people doing up their homes in order to get a good price, a bit more economic activity and may be builders coming into the market to meet the supply, but as andy said, it is very uncertain what the effects will be on the market because the prices could go up and evenif because the prices could go up and even if they stay the same houses become less affordable as interest rates increase so we have got to wait and see what the overall effect will be on housing affordability. i'm joined by ruth ehrlich, policy manager for shelter. what impact do you think the stamp duty changes will have? it what impact do you think the stamp duty changes will have?— what impact do you think the stamp duty changes will have? it may push u . duty changes will have? it may push u- house duty changes will have? it may push up house prices _ duty changes will have? it may push up house prices but _ duty changes will have? it may push up house prices but it _ duty changes will have? it may push up house prices but it does - duty changes will have? it may push up house prices but it does nothing l up house prices but it does nothing for those people who are most at risk of losing their homes this winter. the chancellor completely missed the boat today in putting things in place that will help those people who are desperately struggling to pay their rent as it is and are going to see an increase as homelessness as a result. you have done — as homelessness as a result. you

have done research _ as homelessness as a result. you have done research on what is happening with rent, what is your findings? happening with rent, what is your findinus? . ., , .,, findings? over a million people rentin: in findings? over a million people renting in england _ findings? over a million people renting in england have - findings? over a million people renting in england have seen i findings? over a million people i renting in england have seen their renting in england have seen their renting increase in the last month so combined with rocketing energy bills and rising food prices, private renters are being squeezed from all angles and that is why we were hoping that government would use today as an opportunity to unfreeze housing benefit which has been frozen at 2020 levels despite the runaway rent, but they have failed to do that and unless they reversed that decision and unfreeze it we are going to see more and more people at risk of losing their homes. , ., . , homes. one in three private tenants sendin: homes. one in three private tenants spending half _ homes. one in three private tenants spending half of _ homes. one in three private tenants spending half of their _ homes. one in three private tenants spending half of their household - spending half of their household income at least on rent and of course energy bills as well as everything else.— course energy bills as well as everything else. exactly. as a result of covid _ everything else. exactly. as a result of covid in _ everything else. exactly. as a result of covid in the - everything else. exactly. as a| result of covid in the economic shocks, one in three private renters rely on housing benefit to pay the rent, so by unfreezing housing benefit and bringing it back in line with the cost of renting, the government could prevent a huge amount of homelessness, but as we have seen, that does not seem to be a priority. d0

have seen, that does not seem to be a riori . ,, have seen, that does not seem to be a riori . i. . have seen, that does not seem to be a riori . . . , a priority. do you have any wider thou~hts a priority. do you have any wider thoughts on _ a priority. do you have any wider thoughts on the _ a priority. do you have any wider thoughts on the budget? - a priority. do you have any wider i thoughts on the budget? generally there is nothing _ thoughts on the budget? generally there is nothing in _ thoughts on the budget? generally there is nothing in there _ thoughts on the budget? generally there is nothing in there to - thoughts on the budget? generally there is nothing in there to help i there is nothing in there to help those people who are most at risk of losing their home. changes to universal credit are not going to help people who are struggling to keep a roof over their head and generally the government seems to have completely missed the risk which is that, they are torque, but it is a growth of homelessness that they need to be worried about —— they need to be worried about —— they are talking about growth. the government says this is the start of their strategy and there will be other statements to be fleshed out. what this is about is effectively firefighting and giving the support over the energy bills and growing the economy, so what you make of that strategy? growing the economy in order for there to be that strategy? growing the economy in orderfor there to be more money to provide support where it is needed. we to provide support where it is needed. ~ . . ., , to provide support where it is needed. ~ . . . , , needed. we are already seeing throu~h needed. we are already seeing through our— needed. we are already seeing through our service _ needed. we are already seeing through our service is - needed. we are already seeing through our service is huge - needed. we are already seeing - through our service is huge amounts of lead and people who are barely able to put food on the table to

feed their children and barely able to make their rent. they needed help, that was the urgent measure, but that was nowhere to be seen. people can't wait for much longer. so what might happen this winter? we so what might happen this winter? - are seeing huge levels of demand on our services, thousand calls per day, most of those people are just barely worried about the cost of living. barely worried about the cost of livina. ., ., . barely worried about the cost of livin. _ ., ., , ., barely worried about the cost of livina. ., . living. how does that compare it with what levels _ living. how does that compare it with what levels you _ living. how does that compare it with what levels you have - living. how does that compare it with what levels you have had i with what levels you have had previously?— with what levels you have had reviousl ? , . , ., previously? there is always a huge demand for — previously? there is always a huge demand for our _ previously? there is always a huge demand for our services, - previously? there is always a huge demand for our services, the - previously? there is always a huge i demand for our services, the housing crisis goes far beyond the cost of living crisis and the pandemic, but the level of need now is so acute so about 2.5 million renters in england are either behind on their rent or struggling to keep up with their payments and they have nothing left to cut back on and that is what they are coming to us about.— are coming to us about. thanks for 'oinin: are coming to us about. thanks for joining us- — are coming to us about. thanks for joining us- we _ are coming to us about. thanks for joining us. we can _ are coming to us about. thanks for joining us. we can hear— are coming to us about. thanks for joining us. we can hear from - are coming to us about. thanks for joining us. we can hear from the l joining us. we can hearfrom the chancellor kwasi kwarteng. i think we can hear from chancellor kwasi kwarteng. i think we can hearfrom him now. it is

chancellor kwasi kwarteng. i think we can hear from him now.- we can hear from him now. it is a very good — we can hear from him now. it is a very good day _ we can hear from him now. it is a very good day for— we can hear from him now. it is a very good day for the _ we can hear from him now. it is a very good day for the uk - we can hear from him now. it is a very good day for the uk because we can hear from him now. it is a i very good day for the uk because we have a growth plan and we are very upbeat in what we can do as a country and we were facing low growth and we want a high growth economy and that is what this morning was all about. you economy and that is what this morning was all about. you say you want a high — morning was all about. you say you want a high growth _ morning was all about. you say you want a high growth economy - morning was all about. you say you want a high growth economy but i morning was all about. you say you | want a high growth economy but you are also cutting taxes in a very unfair way. are also cutting taxes in a very unfairway. do are also cutting taxes in a very unfair way. do you know how much your tax cut is going to be, over to ground, and fora nurse your tax cut is going to be, over to ground, and for a nurse this winter who is going to work in the nhs, it is about £500, and for a police officer, it is about £450, so how is it fair that you get a tax cut of over £2000 and people on average incomes see much less? everybody is caettin a incomes see much less? everybody is getting a tax — incomes see much less? everybody is getting a tax cut _ incomes see much less? everybody is getting a tax cut and _ incomes see much less? everybody is getting a tax cut and the _ incomes see much less? everybody is getting a tax cut and the situation - getting a tax cut and the situation we were in it is that we were putting up taxes, that was the immediate situation. the tax burden was at a 70 year high and that was completely unacceptable and the prime minister campaigned for the leadership on the basis that we were

going to reduce taxes and that is what we have done. we have put forward the 1p cut in the basic rate from 2024, two 2023, and we have also reversed the national insurance increase, that represent £330 to people, and it is a tax cut across all walks of life. it people, and it is a tax cut across all walks of life.— all walks of life. it is not a fair tax cut, all walks of life. it is not a fair tax cut. you — all walks of life. it is not a fair tax cut, you have _ all walks of life. it is not a fair tax cut, you have got - all walks of life. it is not a fair tax cut, you have got to - all walks of life. it is not a fair| tax cut, you have got to accept that? it tax cut, you have got to accept that? , . ., . tax cut, you have got to accept that? ., . �*, that? it is fair to reduce people's taxes and to _ that? it is fair to reduce people's taxes and to make _ that? it is fair to reduce people's taxes and to make sure - that? it is fair to reduce people's taxes and to make sure that - that? it is fair to reduce people's i taxes and to make sure that people are going to retain more of what they earn, the path we were on was simply unsustainable. we could not increase taxes indefinitely and hope that we get prosperity which is why we have reduced the tax burden across the piece and i'm very committed to that. is across the piece and i'm very committed to that.— across the piece and i'm very committed to that. is a fall in sterlin: committed to that. is a fall in sterling good _ committed to that. is a fall in sterling good for— committed to that. is a fall in sterling good for the - committed to that. is a fall in l sterling good for the economy? committed to that. is a fall in i sterling good for the economy? i don't comment on market movements but what is good for the economy... you have caused it. trio. but what is good for the economy... you have caused it.— but what is good for the economy... you have caused it. no, what is good for the economy _ you have caused it. no, what is good

for the economy is _ you have caused it. no, what is good for the economy is creating _ you have caused it. no, what is good for the economy is creating the - for the economy is creating the environment where people can invest in the uk and that is what we have done. . . . in the uk and that is what we have done. , , . . , it in the uk and that is what we have done-_ it is - in the uk and that is what we have done._ it is not i in the uk and that is what we have done._ it is not a | done. this is a gamble. it is not a camble. done. this is a gamble. it is not a gamble- what _ done. this is a gamble. it is not a gamble. what is _ done. this is a gamble. it is not a gamble. what is a _ done. this is a gamble. it is not a gamble. what is a gamble - done. this is a gamble. it is not a gamble. what is a gamble is - done. this is a gamble. it is not a i gamble. what is a gamble is thinking you can keep raising taxes and getting prosperity which is clearly not working, and you can't have a tax system when you are getting a 70 year high, and the last time we had a tax rate at this level before my tax cuts was before her late majesty had come to the throne, so that is unsustainable and that is why we have been able to reduce taxes across the board this morning. the chancellor kwasi kwarteng talking a short while ago. how is the announcement being received by people? we can speak to our business correspondent who is in bolton. thank you. we have been here all day getting reaction and there have been a big growth in food banks but this is not a food bank, this is a

community grosses and we have seen more of these popping up, as well. it is like a supermarket with everything you want from a cooking staff and all the essentials, frozen goods and people coming and pay a small amount, goods and people coming and pay a smallamount, £4, but they goods and people coming and pay a small amount, £4, but they get £25 worth of household essentials, so it really helps them to make ends meet. you pay a fee, £5 a year, we you pay a joining fee, £5 a year, we are to have a chat you pay a joining fee, £5 a year, we are thankave a chat with you pay a joining fee, £5 a year, we are thank you i chat with you pay a joining fee, £5 a year, we are thank you for at with you pay a joining fee, £5 a year, we are thank you for hosting us. louise. thank you for hosting us. what do people get when come what do people get when they come here? ., , ., what do people get when they come here? ., i. , .,, . , here? you get your £4 shop and it is around £25 — here? you get your £4 shop and it is around £25 worth _ here? you get your £4 shop and it is around £25 worth of _ here? you get your £4 shop and it is around £25 worth of food _ here? you get your £4 shop and it is around £25 worth of food that - here? you get your £4 shop and it is around £25 worth of food that you i around £25 worth of food that you can get, _ around £25 worth of food that you can get, with fresh fruit and veg and shelf— can get, with fresh fruit and veg and shelf items. alongside that, we are partnered with the church and we offer a _ are partnered with the church and we offer a lot— are partnered with the church and we offer a lot of— are partnered with the church and we offer a lot of wraparound provision. things— offer a lot of wraparound provision. things like — offer a lot of wraparound provision. things like money management courses and life _ things like money management courses and life skills which is helping people — and life skills which is helping people thrive on a limited budget, and we _ people thrive on a limited budget, and we have mental well—being courses— and we have mental well—being courses alongside community things like mums _ courses alongside community things

like mums and toddlers and having meals _ like mums and toddlers and having meals and — like mums and toddlers and having meals and things like that. you get quite _ meals and things like that. you get quite a _ meals and things like that. you get quite a lot — meals and things like that. you get quite a lot. it meals and things like that. you get uuite a lot. . . meals and things like that. you get uuite a lot. .,, , , meals and things like that. you get quite a lot-— quite a lot. it has been very busy all day and _ quite a lot. it has been very busy all day and the _ quite a lot. it has been very busy all day and the types _ quite a lot. it has been very busy all day and the types of - quite a lot. it has been very busy all day and the types of people i all day and the types of people coming, it seems to get busier and busier? it coming, it seems to get busier and busier? . . . coming, it seems to get busier and busier? , . . . , . busier? it is changing as well. we aet busier? it is changing as well. we get people _ busier? it is changing as well. we get people who — busier? it is changing as well. we get people who are _ busier? it is changing as well. we get people who are unemployed l busier? it is changing as well. we i get people who are unemployed and looking _ get people who are unemployed and looking for work but also we get more _ looking for work but also we get more and — looking for work but also we get more and more people who are working really hard. _ more and more people who are working really hard, some working two jobs, we have _ really hard, some working two jobs, we have teaching assistants, nurses, people _ we have teaching assistants, nurses, people with — we have teaching assistants, nurses, people with the nhs, self—employed people. _ people with the nhs, self—employed people, but they are still struggling to put food on the table for themselves and their family. so we get _ for themselves and their family. so we get more people and we now have 18 of these _ we get more people and we now have 18 of these groceries around the country— 18 of these groceries around the country with over 30,000 members. across _ country with over 30,000 members. across the _ country with over 30,000 members. across the country. the country with over 30,000 members. across the country.— across the country. the government wants to help _ across the country. the government wants to help and _ across the country. the government wants to help and they _ across the country. the government wants to help and they said - across the country. the government wants to help and they said they - across the country. the government wants to help and they said they are j wants to help and they said they are on the side of the british people, what difference do the measures —— are the measures going to have today? are the measures going to have toda ? , , . , ., today? our members are struggling to ut food on today? our members are struggling to put food on the _ today? our members are struggling to put food on the table, _ today? our members are struggling to put food on the table, so _ today? our members are struggling to put food on the table, so it _ today? our members are struggling to put food on the table, so it really - put food on the table, so it really

is not _ put food on the table, so it really is not going to affect them very much, — is not going to affect them very much, i— is not going to affect them very much, i don't think.— is not going to affect them very much, i don't think. well, listen, kee u- much, i don't think. well, listen, keep up the _ much, i don't think. well, listen, keep up the great _ much, i don't think. well, listen, keep up the great work. - much, i don't think. well, listen, keep up the great work. we - much, i don't think. well, listen, keep up the great work. we can i much, i don't think. well, listen, i keep up the great work. we can now have a business reaction with james. through their is a beautiful cafe which you opened a few weeks ago. what impact are the measures going to have on you? it is what impact are the measures going to have on you?— to have on you? it is going to be a relief for some _ to have on you? it is going to be a relief for some of _ to have on you? it is going to be a relief for some of the _ to have on you? it is going to be a relief for some of the employees l to have on you? it is going to be a| relief for some of the employees in terms _ relief for some of the employees in terms of— relief for some of the employees in terms of the, the money that was going _ terms of the, the money that was going to _ terms of the, the money that was going to be taken out of salaries every— going to be taken out of salaries every month which is now not going to be _ every month which is now not going to be taken, — every month which is now not going to be taken, and they are still in the same — to be taken, and they are still in the same situation as before, energy bills are _ the same situation as before, energy bills are still high and as a business, it is raw materials, food products _ business, it is raw materials, food products for— business, it is raw materials, food products for the cafe, the prices are going — products for the cafe, the prices are going up and up all the time. we created _ are going up and up all the time. we created our— are going up and up all the time. we created our business to bring employment to the community and it is proving _ employment to the community and it is proving difficult to bring employment because we don't know what is _ employment because we don't know what is going to happen tomorrow. corporation — what is going to happen tomorrow. corporation tax is not going to go up corporation tax is not going to go up so that is money you were going to have to pay which you now dug up

is that more investment you can do? which you now don't. it is that more investment you can do? which you now don't.— which you now don't. it potentially balances the _ which you now don't. it potentially balances the books _ which you now don't. it potentially balances the books a _ which you now don't. it potentially balances the books a little - which you now don't. it potentially balances the books a little bit, - which you now don't. it potentially balances the books a little bit, sol balances the books a little bit, so it helps— balances the books a little bit, so it helps a — balances the books a little bit, so it helps a little bit, but it is things— it helps a little bit, but it is things like business rates and the units _ things like business rates and the units and — things like business rates and the units and the coffee shop and things. — units and the coffee shop and things, where we really need a bit more _ things, where we really need a bit more help— things, where we really need a bit more help as businesses. business rates, more help as businesses. business rates. vat. — more help as businesses. business rates. vat. a _ more help as businesses. business rates, vat, a lot _ more help as businesses. business rates, vat, a lot of— more help as businesses. business rates, vat, a lot of businesses - more help as businesses. business. rates, vat, a lot of businesses have been talking about vat, but nothing in that they, may be some measures later in the year?— later in the year? absolutely. peo - le later in the year? absolutely. people are — later in the year? absolutely. people are buying _ later in the year? absolutely. people are buying less - later in the year? absolutely. people are buying less at - later in the year? absolutely. people are buying less at the | later in the year? absolutely. - people are buying less at the moment because _ people are buying less at the moment because of— people are buying less at the moment because of the vat which is 20% still, _ because of the vat which is 20% still, and — because of the vat which is 20% still, and we want to see that come downi _ still, and we want to see that come down, as— still, and we want to see that come down, as businesses, because we want to encourage _ down, as businesses, because we want to encourage people to spend but in a budget, _ to encourage people to spend but in a budget, so we are coming in with vat against — a budget, so we are coming in with vat against people who are not vat registered and that is proving a big challenge — registered and that is proving a big challenge for us as a business. good luck. this challenge for us as a business. good luck- this is — challenge for us as a business. good luck. this is an _ challenge for us as a business. good luck. this is an interesting _ challenge for us as a business. (13mg luck. this is an interesting area in bolton and traditionally a bit more labour leaning, the conservatives

did well here in the last election, this mini budget is designed to give people hope and a bit more help but the stakes are really high, and how people react and how it plays out, we will see. people react and how it plays out, we will see-— we will see. thanks for 'oining us. what we will see. thanks for 'oining us. what impact * we will see. thanks for 'oining us. what impact do h we will see. thanks for 'oining us. what impact do you _ we will see. thanks for 'oining us. what impact do you we will see. thanks forjoining us. what im act do ou think we will see. thanks for 'oining us. what impact do you we will see. thanks forjoining us. what im act do ou think stam we will see. thanks for 'oining us. what impact do you we will see. thanks forjoining us. what im act do ou think stam du what impact do you think stamp duty changes will have? i what impact do you think stamp duty changes will have?— changes will have? i think it will be welcomed — changes will have? i think it will be welcomed by _ changes will have? i think it will be welcomed by those - changes will have? i think it will be welcomed by those who - changes will have? i think it will be welcomed by those who are l changes will have? i think it willl be welcomed by those who are in changes will have? i think it will - be welcomed by those who are in the process of moving or considering moving including first—time buyers. i think it is great that it is a permanent change rather than being a time window, because obviously that will have helped with preventing a spike in demand which as previously discussed on the programme could cause a spike in house prices and i think we are really concerned still by the lack of housing supply in general which drives up prices and,

unfortunately, therefore, for many of us, owning our own home is going to remain a bit of a dream. i think we are really pleased to hear about the creation of these investments, investment zones and the surplus land that will be used to provide future housing supply and also with planning reform changes which will hopefully speed up the ability to get planning permission for those much needed new homes. blind get planning permission for those much needed new homes. and obviously that is the longer _ much needed new homes. and obviously that is the longer term _ much needed new homes. and obviously that is the longer term strategy, - that is the longer term strategy, building houses. in terms of the immediacy of what happens now with cutting stamp duty and stoking house prices. interest rates are going up so a suggestion that the government was concerned it would slow the housing market. would prices, if it

meant prices dropping, would that not be to the benefit of people who, as you say are unable to afford to buy a property, does cutting stamp dutyjust reverse buy a property, does cutting stamp duty just reverse that. buy a property, does cutting stamp dutyjust reverse that. abs, buy a property, does cutting stamp dutyjust reverse that.— dutyjust reverse that. a cut in stamp duty — dutyjust reverse that. a cut in stamp duty is _ dutyjust reverse that. a cut in stamp duty is a _ dutyjust reverse that. a cut in stamp duty is a good - dutyjust reverse that. a cut in stamp duty is a good thing - dutyjust reverse that. a cut in| stamp duty is a good thing and anything that allows home—buyers to go and move to other places, releasing the properties they are already in order to allow those that have not previously been able to buy to be able to afford it has to be a good thing and anything that keeps the market moving is good for all of us, both those working, with property, all those people who need those homes to live in.— those homes to live in. thank you very much- _ those homes to live in. thank you very much. some _ those homes to live in. thank you very much. some breaking - those homes to live in. thank you very much. some breaking news, | those homes to live in. thank you i very much. some breaking news, we are hearing that railway workers at scotrail will be striking. strike action on the 10th of october in a dispute over pay, a daylong stoppage

taking place two days of a national strike by network rail and 15 train operating companies across britain. the rmt union have confirmed this. let's catch up with the weather. then rich has the details. the sun has come out at westminster and many south has seen sunshine spells today but on the satellite picture you can see we've had shower clouds pushing in from the north—west, though showers are showing on the radar and also in the south—east corner where we still have cloud bringing outbreaks of rain so while london has brightened up, the far south—east is cloudy with rain at times and that will continue on and off through the night, some showers elsewhere and clear spells and actually quite cold in parts of scotland with one or two places getting close to freezing. tomorrow, some of the rain likely to hang around across the south—east corner for a hang around across the south—east cornerfor a good part of hang around across the south—east corner for a good part of the day but elsewhere we will see spells of sunshine and a scattering of showers and by the afternoon most of those will be across england and wales but

not as many for northern ireland or scotland but there could be some. a little cooler and fresher than it has been between 14 and 18 degrees and as we look ahead to sunday, a lot of dry weather and the best of the sunshine in the south. more cloud further north across the uk. hello. this is bbc news. we will catch up with the sport and cross to the bbc sport centre. the en . land cross to the bbc sport centre. the england nation — cross to the bbc sport centre. the england nation league build—up is on the way but rinaldo has been charged by the fa over footage which is showed him locking —— knocking gave phone out of the hand of a fan and he apologised after the incident was shared widely on social media following the loss against everton in april. he was cautioned by police regarding the incident in august. gareth southgate is hoping england

can rediscover their form as they look to avoid relegation from the nation's league. they are without a win in their group and play italy in milan before germany come to when we on monday. is' the final two matches before the world cup in qatar where the football association says that the players will wear a one love armband to highlight human rights issues. the fa has backed calls for compensation to be awarded for any injury or death related to world cup construction projects. kilmarnock striker kyle lafferty has been withdrawn from the northern ireland nations league squad amid an investigation by the scottish club into a sectarian remark he is alleged to have made. kilmarnock said yesterday they were aware of video footage that appeared to show a member of the playing staff using language of a sectarian nature. the irish football association has confirmed kyle lafferty has been withdrawn for the upcoming games against kosovo and greece and is aware of the video that has been widely circulated.

england are under way in the third of their internationals in pakistan and after yesterday's incredible run chase to level the series pakistan will hope to build on that momentum. they won the toss and chose to bowl first. duckett and jacks have impressed, with jacks hitting 40 on debut and duckett unbeaten on 41 with england on currently hundred and 35—3. the seven match series is level at 1—1. and 35—3. the seven match series is level at1—1. roger and 35—3. the seven match series is level at 1—1. roger federer is set to play his final match in the laver cup alongside rafael nadal in the doubles. the 20 time champion was given a standing ovation by the crowd during the opening introductions at the 02 arena before world number two casper ruud gave europe a winning start in the opening singles match, edging out jack sock in three sets. we will have the latest from the laver cup later but that is all the sport

finau. —— for now. let's return to our main story, today's mini—budget. what is the view from british business on the chancellor's statement? i'm joined now by matthew fell, who is chief uk policy director at the cbi , which represents around 190,000 businesses in the uk thank you forjoining us on bbc news. do these figures add up for business? ~ . ., news. do these figures add up for business? ~ . . ., , ., business? what we have got is today, bein: a da business? what we have got is today, being a day one _ business? what we have got is today, being a day one of — business? what we have got is today, being a day one of the _ business? what we have got is today, being a day one of the new— business? what we have got is today, being a day one of the new growth i being a day one of the new growth strategy for the uk, this is good news for business. we've been calling for a long time for an ambitious growth plan for the uk and we have got one now.— we have got one now. which businesses, _ we have got one now. which businesses, though. - we have got one now. which businesses, though. i- we have got one now. which businesses, though. i thinkl we have got one now. which - businesses, though. i think there's lots in here — businesses, though. i think there's lots in here to _ businesses, though. i think there's lots in here to like. _ businesses, though. i think there's lots in here to like. we've - businesses, though. i think there's lots in here to like. we've seen - businesses, though. i think there's lots in here to like. we've seen a i lots in here to like. we've seen a government willing to back a big bets with reforms to speed up and accelerate major infrastructure projects and a government prepared to be bold with thinking about investment zones which will back businesses around the country and we have the promise of more to come. issues around immigration and

business rates which businesses have long identified as barriers to growth that the government could help knockdown and some commitment to action on the way with those two. how your members feeling with the fact that these announcements have been made but the bank of england is clearly having to fight to reduce inflation. are they confident this goes far enough and they will indeed grow? when you look at other costs rising, does all of this go far enough? rising, does all of this go far enou~h? ., , rising, does all of this go far enough?— rising, does all of this go far enou~h? ., ,, enough? people today will think the lan enough? people today will think the [an is a enough? people today will think the plan is a great _ enough? people today will think the plan is a great start. _ enough? people today will think the plan is a great start. it's _ enough? people today will think the plan is a great start. it's not - plan is a great start. it's not perfect and there is more to do and we would like to see more on skills as well as immigration and business rates, as i mentioned, but if the exam question is, is the uk a better place today to invest and grow and accelerate a business that it was 24 hours ago, the answer to that is yes. hours ago, the answer to that is es. ., , . hours ago, the answer to that is es. ., . , , , . yes. you say that, yet it seems that investors are _ yes. you say that, yet it seems that investors are not _ yes. you say that, yet it seems that investors are not 100% _ yes. you say that, yet it seems that investors are not 100% behind - yes. you say that, yet it seems that investors are not 10096 behind whatj investors are not 100% behind what has been announced. we saw what happened in the city. the

has been announced. we saw what happened in the city.— happened in the city. the markets will 'udue happened in the city. the markets williudge this _ happened in the city. the markets willjudge this in _ happened in the city. the markets willjudge this in the _ happened in the city. the markets willjudge this in the long - happened in the city. the markets willjudge this in the long run - happened in the city. the markets willjudge this in the long run and| willjudge this in the long run and today's reaction is what it is but the more we have an ambitious growth plan that is credible, that is important for the country and the best way to work out a way through a cost of living crisis and grow the economy in the long run. haifa cost of living crisis and grow the economy in the long run. how long would ou economy in the long run. how long would you expect _ economy in the long run. how long would you expect the _ economy in the long run. how long would you expect the growth, - economy in the long run. how long | would you expect the growth, those figures, to start showing themselves? how long will this take? the plan is to get pace and growth and exhilaration in the plan so we want to get that going as quickly as we possibly can. the government clearly will have an eye on the political cycle and want to get traction immediately and business will want to get moving. blind traction immediately and business will want to get moving.— will want to get moving. and your thou~hts will want to get moving. and your thoughts on _ will want to get moving. and your thoughts on the _ will want to get moving. and your thoughts on the energy _ will want to get moving. and your thoughts on the energy price - will want to get moving. and your| thoughts on the energy price cap? how does that help businesses? bath how does that help businesses? both for households _ how does that help businesses? berlin for households and businesses it's really important that the government stepped in. this was becoming a serious headache and a major cost for many businesses that previously had not really thought too much about energy bills as a share of overall costs. this was becoming a

looming issue, so very welcome that they stepped in and provided some protection for the worst of those price increases over the winter months. ~ . ., months. we will leave it there for now. months. we will leave it there for now- thank _ months. we will leave it there for now. thank you _ months. we will leave it there for now. thank you very _ months. we will leave it there for now. thank you very much. - months. we will leave it there for now. thank you very much. more | now. thank you very much. more reaction to the budget earlier today and with me now is louise rubin, head of campaigns at the disability equality charity, scope. thank you forjoining us today. what was your initial reaction to what you heard earlier today?— earlier today? disappointed and frustrated- _ earlier today? disappointed and frustrated. we _ earlier today? disappointed and frustrated. we desperately - earlier today? disappointed and i frustrated. we desperately needed earlier today? disappointed and - frustrated. we desperately needed to hear more financial support for disabled people this winter, and we didn't get it. unfortunately the tax cuts that have been announced will do very little to reassure the majority of disabled people and they will be feeling that this government has failed them.— has failed them. what benefits and what help do _ has failed them. what benefits and what help do disabled _ has failed them. what benefits and what help do disabled people - has failed them. what benefits and what help do disabled people have| has failed them. what benefits and i what help do disabled people have at the moment? the

what help do disabled people have at the moment?— what help do disabled people have at the moment? the government has so far announced — the moment? the government has so far announced £150 _ the moment? the government has so far announced £150 for _ the moment? the government has so far announced £150 for disabled - far announced £150 for disabled people which should be landing in bank accounts this week or next, but that's not going to touch the sides given the challenge that most disabled people are facing and we are calling on government to double that, because we know at the moment disabled people are facing huge debts and it's notjust energy, prices are rising across rents, mortgages, food and petrol, so we needed to see that doubled today and it's hugely disappointed it has not happened. is it's hugely disappointed it has not ha ened. . . ., it's hugely disappointed it has not hauened. . . ., . happened. is that of figure you have been calling — happened. is that of figure you have been calling for— happened. is that of figure you have been calling for for _ happened. is that of figure you have been calling for for the _ happened. is that of figure you have been calling for for the government | been calling for for the government question if you want the figure doubled to £300, is that right? that's one of the things we are calling for as part of a package of support we would like to see which would also include benefits being operated so they keep in line with inflation and we also want to see a social tariff, a discounted energy tariff for disabled people who use

more energy, often linked to their condition. we've been talking to government for the majority of the year, which makes it all the more disappointing that the budget today just did not do enough to support disabled people. {lilla just did not do enough to support disabled people.— disabled people. ok, in terms of our disabled people. ok, in terms of your disappointment _ disabled people. ok, in terms of your disappointment and - disabled people. ok, in terms of- your disappointment and frustration, how do you see this having a knock—on effect on the nhs? taste how do you see this having a knock-on effect on the nhs? we know this will have — knock-on effect on the nhs? we know this will have a _ knock-on effect on the nhs? we know this will have a significant _ knock-on effect on the nhs? we know this will have a significant impact - this will have a significant impact on disabled peoples health and we've done research and asked of them and the majority of people tell us it is already affecting both their mental health and well—being but also their physical health. if you cannot charge vital medical equipment and rely on your hoist or wheelchair or breathing equipment, it will have an impact on your health, and as the winter kicks in, we expect to see that worsening.— winter kicks in, we expect to see that worseninu. . ~ ,, , .

the coroner at the inquest into the death of 14—year—old, molly russell, issued a warning to the court about the distressing, harmful content of videos that the teenager had watched on instagram. the warning came before a series of video clips, found on her account, were shown to the hearing. our correspondent, simon jones, is following the inquest in north london. simon, just take us through what was said and heard at the inquest today. molly russell took her own life almost five years ago and her parents have thought she was happy, healthy, bubbling with enthusiasm for life after her death they found out she had been looking at a huge amount of content on social media about depression and about self—harm and suicide, and today at the start of proceedings at the inquest we saw some of that footage. 17 videos were played from instagram that molly had viewed. they were videos that she

had liked. that footage, the coroner warned, was extremely distressing on the coroner told everyone inside the court it was very difficult to watch, practically impossible to view. the footage was then played to the court in complete silence and one video after another. they were very brief videos appearing to glamorise young people harming themselves and taking their own lives. the coroner told molly's family they did not have to stay in court for that and they could leave but they decided to remain in court. at one point molly's father looked away from the screen. there was then away from the screen. there was then a 15 minute break to allow the family to compose themselves and then we heard in court, for the first time from meta, the parent company of instagram and heard from the head of health and well—being out of the company. there was a discussion about the types of images

of self—harm that molly might have seen and a debate about whether some of the images could actually be seen as raising awareness of the issue of suicide and self—harm or whether it might actually glamorise the issue and encourage it and she responded that it was a very complicated issue. it was put to her that at the time molly was using instagram a new algorithm was used to personalise content and whether that was using children as guinea pigs for the company. she denied it was a case, saying it was not the way that meta developed policies and we also heard that when she signed up for instagram there was no age verification and she was only 12 years old at the time when she should have been 13 to sign up and we also heard that 34 accounts were recommended to molly to follow that had dark, depressive content, some of it relating to suicide and self—harm. proceedings have now finished here for the day and they will continue on monday when we will hear further evidence from meta.

and if you have been affected by any of the issues raised by this, you can find help and support from organisations listed at bbc.co.uk/actionline. the victims' commissioner for england and wales, dame vera baird, has resigned, accusing the government of downgrading the interests of victims and describing the criminaljustice system as being in chaos. earlier i heard from our home affairs correspondent, june kelly. dame vera baird was very committed to thejob and dame vera baird was very committed to the job and had been dame vera baird was very committed to thejob and had been imposed since 2019i wanted to stay on but she learned earlier this year that she learned earlier this year that she was going to have to reapply for thejob and thought she was going to have to reapply for the job and thought she might get an automatic second term. she was told she had to reapply and did reapply and was not reappointed but told she was able to be reappointed and said she was confused. there was another application process ongoing which is

clearly decided she has had enough and had the opportunity to stay in post until the end of the year but she is going, so her contract ends next year and she will be off. l next year and she will be off. i know there has been some criticism in her resignation of thejustice secretary. in terms of the relationship with the current justice secretary, how does it compare with dominic raab? the current justice _ compare with dominic raab? tie: current justice secretary brandon currentjustice secretary brandon lewis has only been in place for a few weeks so that is a new relationship but dominic raab, she did not get on with him and she is very clear —— critical of him and says he sent out mixed messages to her in that he said he would open thejob for competition her in that he said he would open the job for competition but was encouraging her to apply and then said she did not know where she stood. she said he only matter a couple of times in the last time he met i was in february and he was imposed untiljust a few met i was in february and he was imposed until just a few weeks met i was in february and he was imposed untiljust a few weeks ago, so she felt she did not have access to him and she felt she needed the

access is a voice for victims. in response dominic raab has given us a statement in which he said, i'm very proud to have published the victims bill which dame vera baird was involved in and seen an increase in convictions in the last year and secured a quadruple in funding for victims. he then goes on to say that the victims commission role is important and we reran the process because, in all honesty, we wanted a stronger field of candidates and were confident in getting one, so thatis were confident in getting one, so that is quite brutal in return. so, obviously what the question now is who will do the job if she is going and the governmentjob adverts say that the final interviews are set to be in december and there is no word on whether a new person will be appointed. scientists say early human trials of a new type of cancer therapy have shown promising results. the treatment involves using a common virus to infect

and destroy harmful cells. about 40 people had a drug directly injected into their tumours. researchers say the treatment could offer a lifeline to people with advanced cancer, though larger scale studies will now be required. let's speak now to the man who led the research on this, professor kevin harrington, from the institute of cancer research. thank you forjoining us on bbc news. just how excited should we be with this news? i think there's a good deal of _ with this news? i think there's a good deal of optimism - with this news? i think there's a good deal of optimism attached | with this news? i think there's a i good deal of optimism attached to this study. we have shown that both of the virus on its own and the virus in combination with standard immunotherapy is has been able to deliver quite remarkable responses for very different reasons to treat tumours and importantly for patients who had immunotherapy and whose disease has failed to respond, we've seen a number of those patients have

had impressive responses, so it is early days, an early phase study but a good deal of optimism attached to this agent. a good deal of optimism attached to this auent. ~ a good deal of optimism attached to this aent. ~ a good deal of optimism attached to thisauent.~ ,., , this agent. when you say promising results, in the _ this agent. when you say promising results, in the early _ this agent. when you say promising results, in the early safety - this agent. when you say promising results, in the early safety study i results, in the early safety study there were around 40 people being treated. what did the results look like? what was so impressive? the first si . nal like? what was so impressive? the first signal of _ like? what was so impressive? ti9: first signal of impressive data like? what was so impressive? ti9 first signal of impressive data was in the initial safety phase where we treated nine patients withjust in the initial safety phase where we treated nine patients with just the virus on its own and a number of those patients, indeed one of the patients who i treated personally with our team had a disease that was not responding to anything else at all and he was really approaching end of life care and received the virus on its own and has achieved a complete remission and remains in complete remission and remains in complete remission and remains in complete remission with no sign of disease, back at work and two years on from the treatment. we've seen excellent results in other tumours and with the combination of other

immunotherapy is we are seeing patients achieve impressive responses, even when they've had the treatment previously and they have not worked, so those are the sorts of data giving us a great deal of cause for optimism and i think really deserving of subsequent study. t really deserving of subsequent stud . . really deserving of subsequent stud . , . , study. i believe that the virus, which is what _ study. i believe that the virus, which is what the _ study. i believe that the virus, which is what the herpes i study. i believe that the virus, i which is what the herpes simplex virus used in this therapy is, this is not the first time they've been used and i think they were first discovered some 100 years ago. why has it taken them so long to be used in the field of oncology? taste has it taken them so long to be used in the field of oncology?— in the field of oncology? we have an a- roval in the field of oncology? we have an approval for — in the field of oncology? we have an approval for a _ in the field of oncology? we have an approval for a type _ in the field of oncology? we have an approval for a type of _ in the field of oncology? we have an approval for a type of herpes - approval for a type of herpes simplex virus and those studies were conducted from about 15 years ago onwards. doing studies with biological agents has a number of challenges, not least of all concerns about the safety, the risks of release of the agents, so we have to be careful and cautious in the way we proceed but we are now

beginning to get very experienced in conducting the studies and this particular form of herpesvirus is really a second or third generation with a host of new modifications in the way it has been made on the payload it has been carried. it makes within the tumour a potent immunotherapy which you don't then have to administer to the patients and the virus encodes it and makes it, so the new viruses which are coming online i think, are really very interesting and important, but we always have to proceed with due caution. , : we always have to proceed with due caution. , . , caution. very exciting news. professor. _ caution. very exciting news. professor, thank _ caution. very exciting news. professor, thank you - caution. very exciting news. professor, thank you for i caution. very exciting news. i professor, thank you for taking us through that. mr; professor, thank you for taking us through that-— cov rates have increased for the first time in the uk sincejuly and one in 70 have tested positive with the largest rise in secondary school

children to the weight to the 14th of september. children to the weight to the 14th of september-— children to the weight to the 14th of september. infections increased in encland of september. infections increased in england and _ of september. infections increased in england and wales. _ of september. infections increased in england and wales. whilst i of september. infections increased l in england and wales. whilst weight —— rates fell in scotland and northern ireland. the multi award—winning novelist, dame hilary mantel, has died. she was 70. dame hilary won the booker prize twice — for 'wolf hall', based on the rise of the tudor politician, thomas cromwell, and its sequel, 'bring up the bodies'. her publisher, harper collins, said she had died "suddenly yet peacefully", surrounded by close family and friends. back in 2018, dame mantel took part in an interview with our arts correspondent rebecca jones as part of the bbc programme 'talking books'. dame mantel spoke about the way her life changed after winning the booker prize. as you yourself said, in many ways wolf hall was the turning point. career—wise, it was a huge turning

point, _ career—wise, it was a huge turning point, not — career—wise, it was a huge turning point, notjust on domestic career—wise, it was a huge turning point, not just on domestic sales. translations, i think it went into 36, translations, i think it went into 36. 37— translations, i think it went into 36, 37 languages and it wasjust amazing — 36, 37 languages and it wasjust amazing to think that people from all four— amazing to think that people from all four corners of the earth are reading — all four corners of the earth are reading about henry viii and his wives _ reading about henry viii and his wives. ~ . , ., . , ., ., wives. well, what you did was follow u . wives. well, what you did was follow u- with wives. well, what you did was follow up with another _ wives. well, what you did was follow up with another booker _ wives. well, what you did was follow up with another booker winner i wives. well, what you did was follow up with another booker winner in i up with another booker winner in 2012 with bringing up the bodies. i wondered how peoples attitudes changed towards you after those two victories question what you know, a lot of people thought they were the first two books, lovely, well—meaning people. first two books, lovely, well-meaning people. first two books, lovely, well-meanina --eole. :, :, well-meaning people. how wonderful that ou did well-meaning people. how wonderful that you did all— well-meaning people. how wonderful that you did all this _ well-meaning people. how wonderful that you did all this in _ well-meaning people. how wonderful that you did all this in your— well-meaning people. how wonderful that you did all this in your 50s i that you did all this in your 50s and i_ that you did all this in your 50s and i felt — that you did all this in your 50s and i felt a _ that you did all this in your 50s and i felt a little bit sulky, because _ and i felt a little bit sulky, because i thought, you know, i've been _ because i thought, you know, i've been writing since i was 22. i wrote for 12_ been writing since i was 22. i wrote for 12 years — been writing since i was 22. i wrote for 12 years before i was published. and that _ for 12 years before i was published. and that is — for 12 years before i was published. and that is a more typical career, but people — and that is a more typical career, but people love the idea of an overnight success.—

but people love the idea of an overnight success. but people love the idea of an overniaht success. , :, :, , overnight success. joining me now is marion turner. _ overnight success. joining me now is marion turner, professor _ overnight success. joining me now is marion turner, professor of - overnight success. joining me now is marion turner, professor of english | marion turner, professor of english literature at oxford university and thank you forjoining us on bbc news. very sad news today. but what will her legacy be, do you think? yes, and i want to say how very sad it is of course for the literary community but also for her partner and family and friends, and i am sure we are all thinking of them. in terms of her literary legacy, i think the most important thing is the way that hillary mantel has redefined the historical novel. and the historical novel was often seen as a genre fiction, something that was not a particularly literary form, but hillary mantel took it to a new level and what she did what she focused on subjectivity, unconsciousness in time, so although she did meticulous historical research and was very interested in reading original documents and

trying to expand them and take a different view on them, what she was mainly interested in was not the costumes and the stereotypes of the tudor past, what she was interested in was trying to get in the mind and imagination of thomas cromwell and she did that, right from the first line of wolf hall. so, now, get up. and as she goes on she really enters into his mind. throughout those historical novels, she uses the present tense most of the time. a really unusual thing to do and she uses a technique called free indirect discourse where the narrator seems to take on the mind and thoughts of the subject. it's not written the first person but it feels like you are inside his mind. we see what cromwell sees. so she really developed a sense of the scope of the historical novel, and i think that is her main legacy, although, that trilogy, as we were

hearing, in her own words, that trilogy is not the only thing she did. . ~ , ., , trilogy is not the only thing she did. . ~ , . trilogy is not the only thing she did. . ~ i. , . ., trilogy is not the only thing she did. . ~ , . ., . did. thank you very much for that, and to also — did. thank you very much for that, and to also explain _ did. thank you very much for that, and to also explain how _ did. thank you very much for that, and to also explain how she i did. thank you very much for that, and to also explain how she made| and to also explain how she made history so accessible and enjoyed by so many. thank you so much. my pleasure- — now it's time for a look at the weather with ben rich. good afternoon to you. we've had some sunshine around for many of us today. a cool, fresh feel, one or two showers with the exception being across the south—east corner where we've had this stripe of cloud and rain in no hurry to clear, so pulses of rain have been affecting parts of sussex, kent and just clipping into east anglia at times and rain will continue on and off across the same area through this evening, tonight andindeed area through this evening, tonight and indeed into tomorrow. most of us start saturday with clear spells overhead, one or two showers, quite a cold start across parts of scotland, milderfurther

a cold start across parts of scotland, milder further south where we have more cloud and outbreaks of rain. the rain is still plaguing parts of the south—east tomorrow but elsewhere, spells of sunshine, showers particularly across england and wales. not as many showers by the afternoon across northern ireland or scotland, although there could still be one or two. top temperatures between 14 and 18 degrees and we stick with a relatively cool feeling to sunday but most places are dry with spells of sunshine in the south. more cloud further north across the uk.

this is bbc news. the headlines. the cap on bankers bonuses have been lifted. we promised to prioritise growth, mr speaker. we promise a new approach for a new era, we promised to release a enormous potential of this country. our growth plan has delivered all those promises and more, mr speaker. labour said the changes are a "comprehensive demolition" of the government's last 12 years in power. the oil and gas producers will be toasting the chancellor in the boardrooms as we speak while working people are left to pick up the bill.

hello — i'mjoanna gosling — live in westminster —