Skip to main content

tv   The Papers  BBC News  September 23, 2022 11:30pm-12:00am BST

11:30 pm
this is bbc news. i'm ben brown with the latest headlines. russian officials are staging self—styled referendums in the pound has hit a 37—year low against the dollar after the uk government announced the biggest tax cuts in 50 years. london's main share index also fell and there was a sell off and there was a selloff of government bonds. russian officials are staging self—styled referendums in four occupied regions of ukraine on whether they should become part of the russian federation. western countries say the votes are illegal and a step towards the annexation of ukrainian territory. in moscow, there have been pro—kremlin rallies designed to show public support for the self—declared referendums. it comes as russia continues calling up reserves to fight in ukraine.
11:31 pm
the pound has hit a 37—year low against the dollar after the uk the bodies of 71 migrants have been found after the boat they were travelling in sank off syria's coast. it's not clear what caused the accident. hello and a warm welcome to our look ahead to what the papers will be bringing us tomorrow. with me are the broadcaster and journalist james lewer and the sun's chief political correspondent natasha clark. let's talk a look at tomorrow's front pages. today's mini—budget dominates the front pages. the mail calls it a "true tory" budget, and says the £45 billion package has been welcomed by business leaders.
11:32 pm
but the independent calls the plans "robin hood in reverse", as the highest earners are expected to see the biggest tax cut benefits. the i says that markets were spooked by a surge in government borrowing to pay for the biggest tax cuts since 1972. the market's reaction is on the front of the financial times, too. the pound slumped to its lowest level against the dollar since 1985, as borrowing is forecast to hit £190 billion. the times describes the chancellor's plans as a "great tax gamble" — with the prime minister seeking economic growth "at all costs". the telegraph shows us the first official photograph of king charles attending to his red box papers, in his new office at buckingham palace. and on the guardian, hilary mantel, the celebrated author of the wolf hall trilogy and double booker prize winner, who died today aged 70.
11:33 pm
let's begin with natasha. why not with the ft? a reaction to this mini budget, the most dramatic for half a century and the markets haven't been very impressed. century and the markets haven't been very impressed-— very impressed. you're completely ri . ht, the very impressed. you're completely right. they have — very impressed. you're completely right, they have not _ very impressed. you're completely right, they have not reacted - very impressed. you're completely| right, they have not reacted hugely welded today's news. the pound is down to i think 37 year low against the dollar. the dollar is doing well against other currencies at the moment, but there have been slumping a lot in recent weeks as well. they are spooked by the package we've seen today, i'm probably worried about the levels of borrowing that we're seeing and what effect that might have —— and probably worried. it's definitely a gamble politically
11:34 pm
and economically. £45 billion worth of tax cuts that we've seen just today. liz truss and kwasi kwarteng really hoping this mammoth package will do all it can to restart the economy. we've seen very little growth for a number of years. it's been very little that's managed to pull the economy back except arguably covid, which saw such a decline in gdp. apart from that, it's generally quite low and thus their argument. it's generally quite low and thus theirargument. it's it's generally quite low and thus their argument. it's now time to do something different because it's everything we've tried so far. james, quite a lot of surprises in this package. despite the leadership election, and we heard so much from liz truss, but still elements of surprise in this.— liz truss, but still elements of surprise in this. most definitely and specifically _
11:35 pm
surprise in this. most definitely and specifically on _ surprise in this. most definitely and specifically on the - surprise in this. most definitely and specifically on the front - surprise in this. most definitely and specifically on the front of| surprise in this. most definitely i and specifically on the front of the ft. and specifically on the front of the ft lots _ and specifically on the front of the ft lots of — and specifically on the front of the ft. lots of shocking figures being forecasted. the iff says public borrowing would talk £190 billion this yeah — borrowing would talk £190 billion this year. the third highest peak since _ this year. the third highest peak since the — this year. the third highest peak since the second world war, which is quite _ since the second world war, which is quite staggering. there has been a lot of— quite staggering. there has been a lot of backlash from this today and a lot of— lot of backlash from this today and a lot of surprise from lots of corners _ a lot of surprise from lots of corners of _ a lot of surprise from lots of corners of the political system. and lots of _ corners of the political system. and lots of people not happy about it, but as _ lots of people not happy about it, but as we — lots of people not happy about it, but as we touched on, kwasi kwarteng and liz_ but as we touched on, kwasi kwarteng and liz truss— but as we touched on, kwasi kwarteng and liz truss feel like this is the way to create growth but this is a huge _ way to create growth but this is a huge political and economic gamble. let's have a look at the next front page, and because there's been quite a lot of different reaction from the different political papers in terms of how they see it. the more
11:36 pm
right—wing takers like it, the more left—wing papers hate it. but the times are calling it a great tax gamble. that is also a lot of economies see it. this bid for growth, will tax cuts achieve it. the chancellor was saying we've had anaemic growth for so long and he wants to end what he called the vicious circle of stagnation, but do you think this will do it? i’m vicious circle of stagnation, but do you think this will do it?— you think this will do it? i'm not an economist, _ you think this will do it? i'm not an economist, so _ you think this will do it? i'm not an economist, so i— you think this will do it? i'm not an economist, so i preferred - you think this will do it? i'm not an economist, so i preferred to | an economist, so i preferred to leave that to them! it's sort of dividing into two camps. low tax, low regulation measures to be implemented for many years, who are absolutely convinced this was the way to grow the economy. there is another school of thought that says no, there's no evidence this will work. critics point to the fact that george osborne has cut corporation
11:37 pm
tax when he was chancellor. it didn't see this huge growth. i think liz truss's supporter will argue thatis liz truss's supporter will argue that is nowhere near as ambitious. we haven't really seen this for many years. jury is out, but liz truss is taking a big political gamble and we know we face probably an election within the next two years. she's got to show this is working for the voters, putting more tax in their pocket. what will help in the long term is helping grow the economy. making the whole pie bigger, as she likes to refer to it, and reversing some of those trends in wage growth and living standards that we've seen get worse. james, the guardian have come up with their her doctor already and they say it's a budget. —— their
11:38 pm
verdict already. the guardian saying it's a budget for the rich. whatever you think of it, it definitely does favours the better off. there's no doubt that it does benefit — there's no doubt that it does benefit the people on more money. plus the _ benefit the people on more money. plus the guardian have gone in big on their— plus the guardian have gone in big on their headline and no surprises there. _ on their headline and no surprises there. but— on their headline and no surprises there, but they touch on a lot of things— there, but they touch on a lot of things here. economic think tanks, but also _ things here. economic think tanks, but also some conservative mps that are not— but also some conservative mps that are not very— but also some conservative mps that are not very pleased with this. this is our— are not very pleased with this. this is our real— are not very pleased with this. this is our real move away from what other— is our real move away from what other governments have been like in terms _ other governments have been like in terms of— other governments have been like in terms of their own qualities. —— policies — terms of their own qualities. —— policies. but there are some really
11:39 pm
interesting, quite big quotes from lahour— interesting, quite big quotes from labour mps within this front—page as well. rachel reeves called it casino economics — well. rachel reeves called it casino economics and other mps said this is the start— economics and other mps said this is the start of— economics and other mps said this is the start of a class war. this is a huge _ the start of a class war. this is a huge risk— the start of a class war. this is a huge risk for— the start of a class war. this is a huge risk for liz truss at the start of her— huge risk for liz truss at the start of her time — huge risk for liz truss at the start of her time as prime minister, and you dont— of her time as prime minister, and you don't often see this for somebody coming straight into the 'ob, somebody coming straight into the job, but— somebody coming straight into the job, but some traditional conservatives feel like this is the most _ conservatives feel like this is the most tory— conservatives feel like this is the most tory like economic plan they've seen for— most tory like economic plan they've seen for a _ most tory like economic plan they've seen for a while. lots of different schools _ seen fora while. lots of different schools of— seen for a while. lots of different schools of thought.— schools of thought. let's look at the telegraph- _ kwa rteng kwarteng gambles on biggest tax cut. just talk us through the politics of this because it is a real scene change after the years of david cameron, theresa may, boris johnson, we suddenly got a very different kind of conservative government. almost as if there's
11:40 pm
been a general election and they've come in with a whole new policy platform. come in with a whole new policy latform. �* , ., ., ., come in with a whole new policy latform. h ., ., ., , platform. it's quite amazing to see. we had a treasury _ platform. it's quite amazing to see. we had a treasury spokesperson . we had a treasury spokesperson earlier saying this is a new government. i suppose it is, but it's very much not in a way. we haven't seen the party change, we haven't seen the party change, we haven't seen the party change, we haven't seen the people go to the polls like they usually do. we saw this with boris as well, this complete desire to shake up everything and start again with a whole new agenda. we saw it because of brexit. teresa may fail hers and borisjohnson came in. now we're seeing another completely different change in direction. ifind it very hard to believe that borisjohnson could have done anything like this. there's clearwater between the two
11:41 pm
of them and rishi sunak wanted to cut taxes, but said now was not the time. it is a very different school of thought. liz truss is obviously staking her political career on it. if this doesn't work, and it hasn't seen the growth that she says is just around the corner, then she's going to be punished notjust by the conservative party, but also the voters, whose she's making these promises to. voters, whose she's making these promises te— voters, whose she's making these romises to. g . , �*, ., promises to. james, it's quite a mix of economic— promises to. james, it's quite a mix of economic philosophy. _ promises to. james, it's quite a mix of economic philosophy. you - promises to. james, it's quite a mix of economic philosophy. you have l of economic philosophy. you have this neoliberal tax—cut, but this also keynesian economics of borrowing tens of billions of pounds. borrowing tens of billions of ounds. . , ., borrowing tens of billions of ounds. . , . ~ pounds. certainly, and i think there will be some _ pounds. certainly, and i think there will be some people _ pounds. certainly, and i think there will be some people that _ pounds. certainly, and i think there will be some people that say - will be some people that say borrowing is not something they would _ borrowing is not something they would expect from a conservative
11:42 pm
government. yeah, it's such a move away— government. yeah, it's such a move away from _ government. yeah, it's such a move away from what we've seen. it's a real move — away from what we've seen. it's a real move away from the one nation conservatives that we may have heard before _ conservatives that we may have heard before from _ conservatives that we may have heard before from previous prime ministers. so, yes, i'm fascinated to see _ ministers. so, yes, i'm fascinated to see what's going to happen because — to see what's going to happen because we all know that lots of people — because we all know that lots of people are in for a very tough winter — people are in for a very tough winter. there may be anger that grows _ winter. there may be anger that grows as— winter. there may be anger that grows as more people struggle, and that could _ grows as more people struggle, and that could make liz truss's position very. _ that could make liz truss's position very. very— that could make liz truss's position very, very vulnerable. so, we will have _ very, very vulnerable. so, we will have to _ very, very vulnerable. so, we will have to see — very, very vulnerable. so, we will have to see what happens and a huge riskm _ bankers' have to see what happens and a huge bankers' bonuses being slashed isn't something we ever thought we'd would see. something we ever thought we'd would see it's _ something we ever thought we'd would see it'sjust_ something we ever thought we'd would see. it'sjust a big call by liz
11:43 pm
truss — see. it's 'ust a big call by liz truss. ,, w' see. it's 'ust a big call by liz truss_ ,, ." see. it's 'ust a big call by liz truss. ,, ., not surprisingly, they love it. last true tory budget, but i suppose as we were discussing, there are different kinds of tory budgets. absolutely. some mps said what do you think of the budget, and a couple of them said it's great that we do finally have a conservative government back in office. that really does say all. it remains to be seen whether these plans work or not. let's not forget a couple of days ago, liz truss was saying she would do something. we really should have seen some of this coming. it was reported that cutting the top rate of tax, she has said she didn't mine being unpopular as long as it grows the economy. but if it works,
11:44 pm
if conservatives can show they can grow the economy, at the same time as helping everybody else out, liz truss will be sina successful. some of these pages are going to... —— seen as successful. i think the reversal of the cut to national insurance will save many workers hundreds of pounds a year. income tax affects a lot of workers a year —— as well. there are definitely some things that are notjust bankers' bonuses. ithink some things that are notjust bankers' bonuses. i think liz truss knows that at some point, her aspirations will have to be how she can help the middle earners in the lowest paid in society. i don't think she is trying away from that. we just need the energy package to show that she is prepared.
11:45 pm
that will obviously help people who are struggling with their energy bills. she's not afraid to take on those big challenges. 0ne one more front page on the chancellor's for events. that is the independent, who have francisco grady saying this was robin hood in reverse. —— francis 0'grady. let's move away from that fiscal event and we can look at hilary mantel. she's died at the age of 70. her picture on a couple of the front pages, and some people comparing her to great novelists of english literature, people like charles
11:46 pm
dickens, an extraordinary talent whose died as a relatively young age. but so prolific and such wonderful books. find age. but so prolific and such wonderful books.— age. but so prolific and such wonderful books. and some lovely tributes that _ wonderful books. and some lovely tributes that have _ wonderful books. and some lovely tributes that have come _ wonderful books. and some lovely tributes that have come out - wonderful books. and some lovely tributes that have come out for - wonderful books. and some lovely. tributes that have come out for her. just across — tributes that have come out for her. just across a — tributes that have come out for her. just across a huge spectrum of people — just across a huge spectrum of people who have come out and given wonderful— people who have come out and given wonderful tributes to her. figures like nicola — wonderful tributes to her. figures like nicola sturgeon and people across— like nicola sturgeon and people across the writing community as well _ across the writing community as well she's _ across the writing community as well. she's clearly had such a huge impact _ well. she's clearly had such a huge impact. 0ne well. she's clearly had such a huge impact. one the book are priced twice, _ impact. one the book are priced twice, the — impact. one the book are priced twice, the first woman to do that. -- booker— twice, the first woman to do that. —— booker prize. you can tell the respect for— —— booker prize. you can tell the respect for her is wide—ranging from the people _ respect for her is wide—ranging from the people who have come out and said some — the people who have come out and said some of the things about her. so, yeah, great. let's end with a nice picture _ so, yeah, great. let's end with a nice picture on — so, yeah, great. let's end with a nice picture on the _ so, yeah, great. let's end with a nice picture on the front - of the telegraph, and that is the king charles attending to his
11:47 pm
papers. we are told he is sitting behind and antique writing desk in the 18th—century room. working on his red box. i the 18th-century room. working on his red boot-— his red box. i really love this icture his red box. i really love this picture of — his red box. i really love this picture of charles. _ his red box. i really love this picture of charles. i - his red box. i really love this picture of charles. i think- his red box. i really love this picture of charles. i think it | his red box. i really love this i picture of charles. i think it sort of shows... it's been very well choreographed. you've got the book of shakespeare on the front, a picture of his mother and father in the background, and his red box perched on the side. some papers very lovingly arranged which you can see his signatures. this is all about, we've had the mourning period and the death of the queen, we had charles step up and all this ceremony. now i think charles is keen to put this photo out to show it's time to get to work now he's got a hugejob it's time to get to work now he's got a huge job to do. got a hugejob to do. he's got a lot on his plate. the government have
11:48 pm
been keeping charles abreast of their plans. the chancellor spoke to him earlier. he's not alone on his plate and i think he's under no illusions. i think last week, he said he was worried about the of living crisis for brits, so he's got a full red box of papers and i'm sure he won't be —— he will be looking at those every day. sure he won't be -- he will be looking at those every day. james, we can't see _ looking at those every day. james, we can't see the _ looking at those every day. james, we can't see the pain _ looking at those every day. james, we can't see the pain because - looking at those every day. james, we can't see the pain because he l we can't see the pain because he famously had that incident with a leaky pen that he got cross with. i leaky pen that he got cross with. i think he borrows now. he'll be doing the same _ think he borrows now. he'll be doing the same thing, so, yeah, that's justm _ the same thing, so, yeah, that's just... peoplejust the same thing, so, yeah, that's just... people just getting on with business — just... people just getting on with business. when we got so much going on right— business. when we got so much going on right now. — business. when we got so much going on right now, and the cost of living as well, _ on right now, and the cost of living as well, i_ on right now, and the cost of living as well, i think that will affect what will— as well, i think that will affect what will happen with the coronation. whatever that will be in
11:49 pm
terms _ coronation. whatever that will be in terms of— coronation. whatever that will be in terms of how large or small scale that will be. i think that'll be interesting to see how that looks. maybe _ interesting to see how that looks. maybe at — interesting to see how that looks. maybe at some point next year. natasha, — maybe at some point next year. natasha, what sort of king do you think he's going to be. at times when he was heir to the throne, he was quite controversial, but he said that... he said he's not stupid and he knows the role of king is very different to the role of prince of wales. he's not going to be an activist king. he wales. he's not going to be an activist king-— wales. he's not going to be an activist king. he said that in his various forced _ activist king. he said that in his various forced statement - activist king. he said that in his various forced statement of - activist king. he said that in his various forced statement of the nation. —— his very first statement. he would have to say goodbye to some of the important charities and causes he has championed in the past few years. i think it will probably be quite difficult that he thinks. we do know that he is passionate about some issues including the environment, and i'm sure he's going to find that hard to give up. i'm sure that he knows exactly the job he has to do, and the fact is he
11:50 pm
knows he's going to be king for many years. —— he's known he's going to be king. i'm sure he's aware of all of this, but he's had quite a lot of time to talk about all of these issues and i'm sure that he will feel a bit of sadness that he's not able to talk about them in public any more. but i'm sure he will look to his family, especially his son and heir, william, to take some of those up for him. we did see that with william talking about the importance of the environment. i'm sure charles will be looking to his mother for an sure charles will be looking to his motherfor an inspiration for that mother for an inspiration for that duty motherfor an inspiration for that duty and dedication and all of those things, but i think he will be finding it hard to say goodbye to some things. well, very nice to have you both with us. james and natasha, to see you. that's it from the papers.
11:51 pm
hello, this is your update from the bbc sport centre. england have been relegated after 1—0 loss for italy. respiratory�*s stunning second half strike one it for the italian. england haven't won for five games now. there worst run sincejune 2014. they drop into the second tier of the competition. next up for them, germany on monday, theirfinal game before the world cup in qatar in november. karl lafferty has been withdrawn amid an investigation by the scottish club into footage making an alleged sectarian remark. they were aware of the video with the irish fa saying they won't conduct their own investigation, leaving it to the scottish premiership side. lafferty has been withdrawn from the upcoming games,
11:52 pm
with ireland manager saying a back injury also played a part. to what's turning to a crisis, the federation and a set at odds after counterclaims. of players are seemingly at odds after counterclaims. first of the spanish federation said... you players will resign from the team the federation also strongly back to the strongly backed the coach and responded in their own statement, admitting they made a private communication and didn't call for him to be fired. england have retaken the lead in the t20 series against pakistan after a destructive performance with the bat. this time the run chase was too much. joe lynskey reports.
11:53 pm
it's the third game here in four days, here in four days, but no one is bored yet in karachi. at 1—1, a new star got his turn. willjacks is 23 and plays for surrey. big hits are his style. he felljust short of a0. would show their depth. harry brook got his first cap this year and already looks at home. he swung and stung his way to 81. ben went back 50. england made 221. again, pakistan faced a record chase. reese topley took the patch before it hit the pundits. for a team that got no one out yesterday, now england had a flurry. pakistan lost batters and karachi lost hope. england had too many on the board, a dominant win in this thrilling series. joe lynskey, bbc news.
11:54 pm
the domestic rugby league season which reaches its climax this weekend, saints are looking for their fourth title. leeds rhinos meeting in the super league grand final. they have never beaten leeds at trafford. the final summit is now in sight. old trafford the ground final super league's peak. for both st helens and leeds, the view from the top is familiar. raining champions at st helens, even the walls these days tell a tale of success. the club now looking to add a record fourth title in a row. champions again for the third year in a row. there are few who are more important than captainjames robey. this would be 11th grand final of his extraordinary career.
11:55 pm
we could submit our place as only team _ we could submit our place as only team to _ we could submit our place as only team to win four in the row. we could be in the conversation as a potentially the best super league team ever. that's a huge credit to a lot of people and a lot of hard work. they are familiarfoes on a familiar stage. but for many fans, the prospect brings back some painful memories. these two have history. they've met four times before leeds have won every single one of them. there aren't many in super league who could do that. kevin sinquefield was their captain. kevin sinfield was their captain. i'm delighted two see to champion teams battle it out again. - there's a real history of respect between — there's a real history of respect between the _ there's a real history of respect between the clubs. _ you know where my allegiance is, but i hope leeds do theirjob. - either leeds or st helens will
11:56 pm
become the first club to lift that super league trophy for a ninth time. they now have just one last match to separate them. but the fact that this leeds site are here at all would surprise many just a few months ago — their fortunes completely transformed by new quote —— new coach rowan smith. for him, it's the family business father brian, a well—respected coach, his uncle tony twice leeds to final victory. yeah, we talk all the time. data offers his advice and takes over. when it's your turn, you can do it your way. i tried to do it my own way, but it's a privilege to sort of carry on the family name. two sides with plenty of history at old trafford, two sides now ready to make more. adam wild, bbc news. and that is all the sport from us for now.
11:57 pm
hello. the autumn equinox happened on friday and saturday is going to be ourfirst full day of autumn. the skies a pretty clear the moment and the weekend, how's it looking? actually not too bad. there will be a few showers around, but predominantly sunny spells. so, this is what it looks like out there right now. yes, a few showers around, but generally clear across most of the uk through the early hours of saturday, and the temperatures ranging from close to freezing in the scottish glens, around 10 in liverpool and 12 degrees in the south. now, recently in the southeast, it has been pretty cloudy and wet because of a stubborn weather front, but the thinking is that weather front should be out of the picture in the english channel and across france early on saturday morning. but there is a possibility it could be cloudy, if not damp, in the extreme southeast. elsewhere across the country,
11:58 pm
we're waking up to sunny spells, and i think through the course of the afternoon, we'll see showers developing — quite well scattered across england and wales. but in scotland and northern ireland, it should be a predominantly dry day. here, temperatures will range from 12 degrees in the northern isles, 16 in glasgow, in the south, still around 18. that was saturday, this is sunday's weather forecast. a lot of sunshine, particularly across england and wales, but watch this cold front sweep into northern and western scotland later in the day. the winds will increase, and that heralds a change, a change into next week. we'll have a look at that in a second. first, i want to update you on hurricane fiona, which has just passed to the west of bermuda and it is heading towards nova scotia and also newfoundland, and the effects of this storm are likely to be very significant around the canadian maritimes. when the storm hits, it'll no longer be a truly tropical hurricane. it'll sort of turn into more of a mid—latitude weather system, but the strength of the wind will still be blowing at hurricane force, and waves
11:59 pm
around coastal areas are forecast to reach 10, even 12 metres of ferocious weather there, the other side of the atlantic. but over in our neck of the woods, we are expecting a colder plunge of air on monday following a cold front. if you look at the forecast here, 13 degrees in aberdeen and edinburgh probably as well, and cardiff, mid—teens expected and similar values there in london. have a good weekend.
12:00 am
this is bbc news — i'm samantha simmonds — with the latest headlines for viewers in the uk and around the world. russian—occupied regions in ukraine hold referendums on whether to join the russian federation — ukraine says it's a sham which is doomed to fail. the kremlin organises rallies to support its policy of calling up reserves to fight in ukraine — our correspondent samples the mood in moscow. this is not a spontaneous display of love for vladimir putin and his policies. it is a highly choreographed affair designed to give the impression that the whole country is behind the president. here in the uk — a dramatic change in economic direction — the biggest tax cuts
12:01 am
in half a century — in a bid to kickstart growth.

42 Views

info Stream Only

Uploaded by TV Archive on