this is bbc news. lam shaun i am shaun ley with the headline set 2pm. city traders expecting interest rates to rise even higher after the pound dropped to a record low this morning. chancellor, what are you going to do about the turmoil on the markets this morning? iam not i am not going to make any comment now. no comment on sterling's fall from the chancellor, the message from financial markets was clear. _ the message from financial markets was clear, even on friday. and this morning. _ was clear, even on friday. and this morning, that message is even more stark _ we'll be in liverpool with labour, who've been setting out their economic plan.

rachel reeves, the shadow chancellor, is there and they promise they will bring back the rate of interest tax to fund nhs staff. other news this afternoon... a moment of history in italy — georgia meloni looks set to become its first far right leader since the second world war and its first female prime minister. a school shooting in russia has left at least 13 people dead, seven of them children. and nasa prepare to crash a space probe into an asteroid to find out how hard it would be to save the planet. welcome to bbc news, very good to have your company and it is going to

be a busy afternoon. the pound fell overnight to its lowest level against the dollar for half a century. asian markets were reacting — in part to the government's announcement last week of tax cuts and increased borrowing to pay for them. of course, that had come too late for their trading week on friday. at one stage, sterling plunged to around $1.03, before regaining ground. a weaker pound raises the cost of some imports, which in turn makes inflation higher, and it could also mean higher interest rates. our business correspondent, theo leggett, reports. the pound, the centrepiece and symbol of our economy, has been tumbling — against the dollar, the euro and the japanese yen. and that affects our daily lives. a great deal of what we buy, from the fuel in our cars to the clothes we wear, to the food we eat, comes from abroad, and when the value of the pound goes down, the cost of those imports goes up, and what that means is that prices go higher, and the pound in your pocket won't go as far. the currency fell dramatically on friday and

dropped sharply again this morning, touching its lowest level ever — just above $1.03 — before recovering some ground. here is why. on friday, the chancellor abandoned planned tax rises and announced a swathe of tax cuts instead. 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 just a few months�* time. it is all to boost growth, but it means a great deal of extra borrowing and experts say that is making investors queasy. we had a budget on friday in which we saw a lot of tax cuts, but unfortunately that means that the government will have to issue an— awful lot more debt, and that is something which the market is finding it difficult to swallow. uk fundamentals right now, a lot of debt, a recession and of course high inflation, and that is something that investorsjust don't like.

this business in kent sells fruit crisps. it imports citrus fruit, pineapples, kiwis and melons from europe and south america, most of which is paid for in dollars. it will have almost an instant effect, within a week or two, on the prices we are paying for our fresh fruit. this in turn will have an impact on any new business we take on — some of the old businesses we are in contract with and we can't just change our prices, so that will hit our bottom line. but new businesses, we will have to increase our prices, and that means stunting growth, iimagine. experts say the bank of england may have to increase interest rates again sharply to help stabilise the currency. the former deputy governor of the bank, sirjohn gieve, says policymakers will be concerned. i think i would be worried. the bank and, indeed, the government have indicated that they are going to take their next decision in november, and publish forecasts and so on at that point, and the worry is that they may have

to take action a bit sooner than that. this morning, the chancellor was staying tightlipped about his intentions. i am not going to make any comment now. but in the financial markets, what he had to say on friday is continuing to resonate. theo leggett, bbc news. being asked about the all—time low in the pound this morning. chancellor, what are you going to do about the turmoil on the markets this morning, sir? are you planning to reverse the announcement

thanks. thank you very much, sir. thank you. the significance of this, put it into some sort of context for us because of fluctuations in currency are hardly unusual?— are hardly unusual? know, that is riaht in are hardly unusual? know, that is right in the _ are hardly unusual? know, that is right in the pound _ are hardly unusual? know, that is right in the pound can _ are hardly unusual? know, that is right in the pound can catch - are hardly unusual? know, that is right in the pound can catch you l right in the pound can catch you out. today it has gone back up to where it was at the opening of trade, but you have to remember it is about a fifth down over the year, so about 20% has come off it, and that makes imports more expensive, it also makes the cost of energy, which is priced in dollars, wholesale energy, more expensive as well. but the real significance todayis well. but the real significance today is not so much what has happened to the pound, it is back up partly because markets are

anticipating that the bank of england will be forced to raise interest rates. right now interest rates are at 2.25% of the —— that is the bank of england's base rate, that went up by 0.5% last week. now they are saying by november it will have to go up to 4%, nearly double what it is at the moment and possibly 5% by december, 6% by next june, which is three times as much or most, so it a much deeper path for interest rates and effectively slam the brakes on the economy at a time when the chancellor has been hitting the accelerator. it used to be the other way round, in times of austerity the government was trying to constrain spending and the bank of england was trying to make up for it by having super loose monetary policy, in other words super low interest rates. now we have the opposite of that, the government being quite loose with its fiscal policy in the bank of england on the other hand expected to make up for it. .,. other hand expected to make up for it. .. , ., ,., it. the fact is that in both scenarios _ it. the fact is that in both scenarios there _ it. the fact is that in both

scenarios there is - it. the fact is that in both scenarios there is in - it. the fact is that in both scenarios there is in fact | it. the fact is that in both | scenarios there is in fact a it. the fact is that in both - scenarios there is in fact a lack of balance and we know the bank of england is independent, so the politicians it is quite easy to say this is all being caused by the bank whacking up interest but actually you are suggesting they are doing it in reaction to the government's policy? in reaction to the government's oli ? .,. , in reaction to the government's oli ? , ., ., policy? exactly, and there are liabilities here, _ policy? exactly, and there are liabilities here, the _ policy? exactly, and there are liabilities here, the bank - policy? exactly, and there are liabilities here, the bank of i liabilities here, the bank of england sits on the governments books and the chancellor and the bank of england governor meet quite frequently now, but the governor of the bank of england, andrew bailey, is under pressure to do something not by november, which is the next meeting of the monetary policy committee, but to do something pretty much now added that the markets are so confident of that that they are pricing in an emergency interest rate rise sometime in the next week. i emergency interest rate rise sometime in the next week. i was struck by listening _ sometime in the next week. i was struck by listening to _ sometime in the next week. i was struck by listening to you - sometime in the next week. i was struck by listening to you on - sometime in the next week. i was struck by listening to you on the l struck by listening to you on the radio just about an hour ago with stuart lime, and distinguished independent economist, but someone certainly associated with the boris johnson days and not hostile to what the government is trying to do in terms of growth, he is a great believer in releasing what he would see as the shackles of the economy,

but he was very cautious about what happened on friday and he said some interesting things, he said he has to reassure the market he is not anthony barber or reginald, in other words to conservative chancellors in the 1970s he went for a dash for growth, but it sort of looked like a panic and desperation measure. he also said there is clearly now a need to address these market concerns. the message seem to be the chancellor has got to say something, it isn't enough to say no comment. no, that is right, we had mohammed appearing today on bbc radio 4 saying, you have a choice, you have to do one of two things, one being the bank of england has to emerge with a emergency interest rate rise or be chancellor rows back a bit or at least comes up with a credible account of where the money is coming from, how he is going to control this debt, how it is going to be sustainable. otherwise you end up leaving the markets in charge it each time you look at the markets and the premium interest rates they are acquiring in order to compensate

them for the risks they now perceive they are taking, they keep on rising and that really forces up interest rates, which will slow the economy down. �* , ., rates, which will slow the economy down. �* y., rates, which will slow the economy down. �* i. ., rates, which will slow the economy down. �* ., ., ~ , down. and you look at the markets and the premium _ down. and you look at the markets and the premium interest - down. and you look at the markets and the premium interest rates - down. and you look at the markets. and the premium interest rates they are acquiring in order to compensate them for the risks they now perceive they are taking, they keep on rising and that really forces up interest rates, which will slow the economy down. andy verity, thank now we have the labour party conference and in the labour party conference and in the last hour or so rachel reeves the last hour or so rachel reeves the shadow chancellor set out her vision and said they would row back on cutting top interest rates and reduce the funds to fund the nhs workers. who would want to be the chancellor right now? she does. thank you! things are looking choppy. the pound reached a record low against the dollar, inflation is high, interest rates are up, and energy prices soaring. rachel reeves believes the chancellor has fanned the flames of the fall in the pound by suggesting more tax cuts are coming. on friday the chancellor

had an opportunity to set out a serious response to the cost of living crisis. and he failed. what did we get instead? a tax cut for the wealthiest i%. the message from financial markets was clear on friday. and this morning, that message is even more stark. sterling is down. that means higher prices, as the cost of imports rise. government insiders want to ride this out, arguing tax cuts are part of their plan to grow the economy long—term. here is our alternative. our green prosperity plan, to provide the only sustainable solution to the energy crisis, to free ourselves from dependence on russia, to invest in solar, in wind, in tidal, in hydrogen and in nuclear power, and to pass on to our

children a fairer and a greener country. labour committed to keeping some of the tax cuts but ditching those for the top earners, to bolster the nhs. the 45p top rate of income tax is coming back. applause and cheering. and here's what we will do with that money. the next labour government will double the number of district nurses qualifying every year. applause. we will train more than 5,000 new health visitors. we will create an additional 10,000 nursing and midwife places every year. labour want to define themselves as the party of fiscal responsibility — in plain english, they argue that they would strike a better balance

between public spending and tax. speaking to shadow ministers here, as well as concern about the economy, they are buoyant, saying they can't quite believe the opportunity they've been handed by the government to draw a clear dividing line between them on the economy. but to make any of their plans a reality, they will need to do more than just criticise. they will need to convince the public their economic plan is the right one, and that will mean winning over more than just crowds here. ione wells, bbc news, liverpool. joining us from there now is the shadow business and industry secretary, jonathan reynolds. thank you very much for being with us, and interesting day to be talking to you, but also a day where there is quite a challenge for labour because on the one hand it is easy to attack the government, it is a lot harder to say what you would do in their circumstances and also if you are going to criticise to do it in such a way that it doesn't further undermine britain's position. goad

undermine britain's position. good afternoon, undermine britain's position. good afternoon. yes. — undermine britain's position. good afternoon. yes. i— undermine britain's position. good afternoon, yes, ithink— undermine britain's position. good afternoon, yes, i think what - undermine britain's position. (13mm afternoon, yes, i think what makes the conference such a important platform for us as it gives us the chance to do exactly that. you have seen from where we have been full the last few days, this conservative government, the latest version of it is very clear that they think the last 12 years of economic growth have been very poor and that is behind most of the country's problems and we entirely agree with that, but whereas their strategy is tax cuts for the already well off, so called trickle down economics, ours is very different, it is for industrial strategy, which we have announced today, it is for a reforming business rates, getting people to work, investing in skills and what rachel reeves was able to say specifically what we would keep the top rate of income tax for people earning over £150,000 and we would put that money to more nurses and doctors and that in turn would mean more people would be able to get into work and that would tackle the problems we have in this country with over 5 million people unable to

work or economically inactive and as for the verdict on the government's plans on friday announced and over the weekend, i think that speaks for itself. , , ., ., the weekend, i think that speaks for itself. , ., ., , , ,, itself. just on that, yes, it speaks about what _ itself. just on that, yes, it speaks about what your _ itself. just on that, yes, it speaks about what your alternative - itself. just on that, yes, it speaks about what your alternative is, i itself. just on that, yes, it speaks | about what your alternative is, but that also has to be credible. you can criticise the government saying it is not going to have a spending review so we don't actually know what spending is going to cut to meet the borrowing costs of the tax cuts, but you are not really telling us, example, of how you would deal with the spending consequences of accepting things like the tax cuts the government has made that you say you won't reverse. ida. the government has made that you say you won't reverse-— you won't reverse. no, i think we are very clear- — you won't reverse. no, i think we are very clear. well, _ you won't reverse. no, i think we are very clear. well, rachel- you won't reverse. no, i think we l are very clear. well, rachel reeves was not are very clear. well, rachel reeves was rrot very _ are very clear. well, rachel reeves was not very clear _ are very clear. well, rachel reeves was not very clear on _ are very clear. well, rachel reeves was not very clear on the _ are very clear. well, rachel reeves was not very clear on the radio - are very clear. well, rachel reeves was not very clear on the radio this | was not very clear on the radio this morning. was not very clear on the radio this morninu. ~ ., .., was not very clear on the radio this morninu. ~ ., ., morning. what we can say at the top is we would — morning. what we can say at the top is we would use _ morning. what we can say at the top is we would use that _ morning. what we can say at the top is we would use that money - morning. what we can say at the top is we would use that money to - is we would use that money to directly tackle one of the principal problems we face in this country with, which is a very large number of people who are not able to work in the economy, because a lot of people those people cannot work because of waiting times for mental health support, you tackle that and get those people into work and that makes the economy grow and that makes the economy grow and that makes the economy grow and that makes the overall spending envelope

one that is much more palatable, but i would say the verdict on the government is notjust on their individual measures, it is the fact the chancellor is repeatedly saying he can cut taxes, increase spending, magically pay for that. he made that case very poorly on friday, the reaction was clear, he doubled down on cutting tax for wealthy people and itjust isn't feasible. unless he steps back from the casino, the challenge will get harder and harder. , ., ., , ., ,, harder. the question i was making, and forgive — harder. the question i was making, and forgive me _ harder. the question i was making, and forgive me for— harder. the question i was making, and forgive me for trying _ harder. the question i was making, and forgive me for trying to - and forgive me for trying to interrupt you, i was just making the point that when rachel reeves was asked this morning about the decision not to reverse the other tax cuts the chancellor announced on friday, which is the reduction in the basic rate from 20p to 19p, she couldn't actually answer that. well. couldn't actually answer that. well, no, we couldn't actually answer that. well, no. we have — couldn't actually answer that. well, no, we have made _ couldn't actually answer that. well, no, we have made it _ couldn't actually answer that. well, no, we have made it very _ couldn't actually answer that. well, no, we have made it very clear - couldn't actually answer that. -ii no, we have made it very clear case from the beginning of the shadow cabinet's formation, that we believe the burden of taxation is so high because growth has been so low and... so because growth has been so low and... ,, because growth has been so low and... i. ., because growth has been so low and... ., ., ., m and... so you would borrow more? no, we would and. .. so you would borrow more? no, we would grow— and... so you would borrow more? no, we would grow the _ and... so you would borrow more? no, we would grow the economy _ and... so you would borrow more? no, we would grow the economy faster - we would grow the economy faster because... , , we would grow the economy faster

because- - -— we would grow the economy faster because... , , , because... yes, but she said in the short-term — because... yes, but she said in the short-term you _ because... yes, but she said in the short-term you would _ because... yes, but she said in the short-term you would have - because... yes, but she said in the short-term you would have to - because... yes, but she said in the i short-term you would have to borrow short—term you would have to borrow more? that was my understanding, correct me if i'm wrong, but because the growth will take time, you would have to borrow more as well well, the consequences of what the government have done and the loss of confidence in the british state, of confidence in the british state, rrf course that has real—world consequences, there is no denying that, but with rachel reeves having now made those announcements in the speech, by not getting the top rate of income tax, using that to generally tackle the problems the country faces, that is a genuinely more viable way to go as you saw from the applause at that conference all the difference in reaction because you have seen the consequences from friday that the government doesn't believe in that, is all very well chancellor thinking people rescue him, but unless he is committed to sound money and sound economics and responsibility, and he isn't committed to any of that, it will only spell further problems for the country. will only spell further problems for the country-— the country. what do you think the | chancellor needs to do right now? i thinks he needs to not do what we saw in that clip, which is to run

scared from the cameras, i cannot think of a worse image, he needs to get out there and make clear he is revoking and traversing the decisions he made on friday, which has made everybody in this country poorer from the minute has made everybody in this country poorerfrom the minute he has made everybody in this country poorer from the minute he got to has made everybody in this country poorerfrom the minute he got to his feet. poorer from the minute he got to his feet. , ., ., ., , ., , ,, ., ., feet. jonathan reynolds, shadow business secretary, _ feet. jonathan reynolds, shadow business secretary, thank - feet. jonathan reynolds, shadow business secretary, thank you i feet. jonathan reynolds, shadow. business secretary, thank you very much. and later this afternoon we will be answering your questions on your questions answered. that is at az30pm today, so do please get in touch with us, you can e—mail us at the address on the screen or get in touch with social media. the hashtag is also on the screen. let's move to europe and to italy. italy looks set to have its first far right leader since the second world war. giorgia meloni is claiming victory in the country's general election, and is on course to become the country's first female prime minister.

this is the first far right leader since the 1940s with mostly no. —— with mussolini. four years ago, her brothers of italy party won only around 4% of the vote, but they've benefited from staying out of the national unity government that collapsed injuly. but it takes place on the basis of 26% of the vote. jessica parker reports from verona. a political minnow four years ago, giorgia meloni is now on course to become italy's first female prime minister, her rise being watched ijy all of europe. translation: italy has chosen us. it is important to understand that if we are called to govern this nation, we will do it for all italians, with a clear objective of uniting the people, because the great objective that we have always had as a political force is that of ensuring italians may once again be proud to be italians. she has run her bar in her

village for 15 years. in this part of northern italy, they often look to the right, but not long ago, her party barely registered here. translation: here with the clients i i feel she is popular, she is the one l who has promised more support, it is important to see if they keep their words. people here need to be helped. pensions are too low, the cost—of—living is rising, we simply can't live like this. a wealthier part of italy, this is where her tax cut plans went down well. she also wants a naval blockade of libya to stop migrant boats and is against advancing lgbt rights. her party has neofascist roots, although it is a label she rejects. as a politicalfigure, she divides. from the point of view, for example, of many civil rights, or women's rights, or human rights, i don't think she is very open. translation: i am happy

because this is a change. i we will see. and it is also important that for the first time we might have a woman in italy as prime minister — that is something new. in italy, history is all around you, but if today is an historic one, many voters don't actually seem that excited. they are worn down, they say, by the volatility of italian politics. also cynical about the promises politicians make. the success of giorgia meloni's campaign is big news for italy and for europe, but the realities of government can be rather different. translation: it is a l historical turning point, but the uncertainty is that her allies are very weak, which could potentially compromise her ability to govern. allies that include men who have held pro—kremlin sympathies. brussels will be avidly reading this election to see if meloni's history of euro scepticism translates to the

present, in this the eu's third largest economy, any frayed politics are felt far beyond. jessica parker, bbc news. a little later we are going to be talking to mark lowen, who is corresponded and he will give us an update on what we know and what the implications are, in other words what sort of government might now emerge because obviously with only 26% of the vote it is not good just going to be the brothers of italy party who that government. but let's go to russia because... a gunman has opened fire in a school in russia, killing at least 13 people, seven of them children. two teachers and two security guards are also among the dead at school 88 in the city of izhevsk. investigators say at least 20 other people were injured before the gunman turned the gun on himself. our correspondent, caroline hawley, has more. this happened in a town in central russia, it was school 88, as you said. the gunmen got into the school armed with two pistols, by shooting dead a security guard. he apparently had lots of ammunition. as you said,

he then opened fire on both pupils and teachers before then turning the gun on himself. videos online are show children running, absolutely terrified, as you can imagine, from the building or cowering under desks. one child is reported to have broken his leg byjumping out of a window and investigators have released a video of the gunman lying dead on a classroom floor. he was wearing a black balaclava, he was wearing a black balaclava, he was wearing black clothes, he had a red swastika on his black t—shirt. he was reported to have been a local resident, aged 3a, a former pupil and investigators don't know his exact motive, but they are also looking at any neo—nazi links. they have searched his residence and it is the latest in a string of shootings. there was a very serious one in may 2021, but this is the deadliest in some time. we expect more details when the investigation progresses. caroline hawley talking to us a

little earlier. despite the risks, the number of people crossing the english channel in small boats continues to rise with the total this year so far having surpassed the whole of 2021. according to government figures collated by the bbc more than 40,000 people have made the legal route crossing this year, several thousand higher than 2021, although we still have several months to go. a people smuggler based in turkey has told the panorama programme that the uk government's plan to send asylum seekers to luanda is not putting off his customers. the government has defended its plan, despite ongoing legal challenges from human rights campaigners, and they say they hope to break the people smugglers' business model. the bbc correspondent reporting for panorama has more. istanbul in turkey is the front line of the refugee crisis. people smuggling is big business here. i am

people smuggling is big business here. iam heading people smuggling is big business here. i am heading to a safe house to meet a kingpin. we had agreed not to meet a kingpin. we had agreed not to reveal his identity, as it was the only way he would tell me about his business. he denies it, but there have been allegations that a migrant died on one his boots. smuggling is dangerous. people's lives are put at risk. you are making money from putting people's lives at risk. translation: accidents can happen. but we explain how dangerous the journey is and we have them can sign a consent form. you could die, i tell them. and one his mum and dad as well. liii< his mum and dad as well. uk government _ his mum and dad as well. uk government announced it would crack down on this trade. it plans to send some asylum seekers, likely single men, to rwanda in africa to have their claims processed. the smugglers say it won't make any difference. translation: essen smugglers say it won't make any difference. translation: even if the sent difference. translation: even if they sent 1000 — difference. translation: even if they sent 1000 people _ difference. translation: even if they sent 1000 people a - difference. translation: even if they sent 1000 people a day -

difference. translation: even if they sent 1000 people a day to i they sent 1000 people a day to rwanda, they won't stop. people won't change their mind. they are not afraid of dying and if they are not afraid of dying and if they are not afraid of death, they won't be afraid of going to rwanda.- afraid of going to rwanda. earlier this month, _ afraid of going to rwanda. earlier this month, the _ afraid of going to rwanda. earlier this month, the plan _ afraid of going to rwanda. earlier this month, the plan was - afraid of going to rwanda. earlier. this month, the plan was challenged in the high court in london. a ruling is expected later in the autumn. the united nations refugee agency says the uk government needs to change course. the agency says the uk government needs to change course-— to change course. the numbers are auoin u. to change course. the numbers are going up- the _ to change course. the numbers are going up- the people _ to change course. the numbers are going up. the people who - to change course. the numbers are going up. the people who are - going up. the people who are taking these _ going up. the people who are taking these journeys are well aware that they are _ these journeys are well aware that they are at — these journeys are well aware that they are at risk of being transferred to rwanda, it is not stopping — transferred to rwanda, it is not stopping them. what is being achieved here is like almost nothing _ achieved here is like almost nothing. it is hugely expensive and the very— nothing. it is hugely expensive and the very high probability is that those _ the very high probability is that those who do come to act who will leave _ those who do come to act who will leave very. — those who do come to act who will leave very, very quickly and we are right— leave very, very quickly and we are right back— leave very, very quickly and we are right back where we started again. the government says the rwanda plan is legal and safe and will help fix

the broken asylum system. it wants to stop the people smugglers and prevent further loss of life. but there is no sign of the plan working yet. the numbers arriving in the uk are still rising. this month, the number of arrivals by boat reached a new record. jane corbyn, bbc news. and there is more of jane's new record. jane corbyn, bbc news. and there is more ofjane's report in panorama, channel crisis, can people smugglers be stopped? it is broadcast at 8pm tonight on bbc one and will be available after that on bbc iplayer. it sounds like something out of a disaster movie and that i have a feeling someone made a disaster movie about this, but later today nasser will deliberately crash a probe into an asteroid. they say it isa it is a price worth paying because it is a price worth paying because it will help them work outjust how hard or maybe how easy it would be to stop a future asteroid smashing into this planet. today's demonstration is taking place 7 million miles away and nasa has given assurances that the asteroid

in question is not on a path to hit our planet, it is just an exercise. here is science editor, rebecca morelle. it is the stuff of hollywood. an asteroid threatening to wipe out the earth and a mission to wipe out the earth and a mission to stop it, like in the film, armageddon. but now nasser is turning science fiction into science fact. they are about to crash a spacecraft into an asteroid to try to change its path. this space rock poses no threat, but it is a chance to show how we could deal with one on a collision course with the earth. ., , .,, ., earth. the double asteroid redirection _ earth. the double asteroid redirection test _ earth. the double asteroid redirection test is - earth. the double asteroid redirection test is first - earth. the double asteroid redirection test is first and foremost a test. it is a test on an asteroid that is not a danger to earth, there is nothing we can do to it that will make it a danger to earth and we are doing this now, when we don't have too, in order to develop the capability to deflect an asteroid, if we ever should need to in future. ,., asteroid, if we ever should need to in future. , , in future. three... dot dmitry peskov dot — in future. three... dot dmitry peskov dot back _ in future. three... dot dmitry

peskov dot back and... - in future. three... dot dmitry peskov dot back and... left . in future. three... dot dmitry l peskov dot back and... left off. in future. three... dot dmitry - peskov dot back and... left off. the sacecraft peskov dot back and... left off. the spacecraft launched _ peskov dot back and... left off. the spacecraft launched last _ peskov dot back and... left off. the spacecraft launched last year - peskov dot back and... left off. the spacecraft launched last year and i spacecraft launched last year and has travelled nearly 7 million miles. fist has travelled nearly 7 million miles. �* ., , , ., miles. at the end of the first stage ou can miles. at the end of the first stage you can see _ miles. at the end of the first stage you can see this — miles. at the end of the first stage you can see this engine _ miles. at the end of the first stage you can see this engine is - miles. at the end of the first stage you can see this engine is coming l miles. at the end of the first stage l you can see this engine is coming to life... ., , ., , life... now it is nearing its destination. _ life... now it is nearing its destination. its _ life... now it is nearing its destination. its target - life... now it is nearing its destination. its target is i life... now it is nearing its destination. its target is a | life... now it is nearing its - destination. its target is a small space rock called diomande first, which is orbiting a larger one, travelling at 13,000 miles an hour, the spacecraft will crash into dime office, giving the asteroid a kick. this will change its speed and alter its orbit, which scientists can monitorfrom earth its orbit, which scientists can monitor from earth to see if it has worked. it is the first time nasa has tried anything like this and on—board cameras will film the collision and been the footage back to earth. but if the six feet test is a success, it would be the first step in protecting the planet, should a real asteroid threat ever come our way. rebecca morelle, bbc news. now it's time for a look at the weather with sarah keith lucas. unaltered by any asteroid is! hello,

a rather cool and blessed spell of weather out there today and not much change over the next few days, some rainbows to be spotted as we see cool rainbows to be spotted as we see cool, windy conditions bringing those blustery showers, but with spells of sunshine as well. that will be the story as we head through the latter part of the afternoon into evening, showers along the north coast of england, the east coast of england and some irish sea coasts as well. cool overnight, temperatures here down to four milder and still in double figures toward the west, but really heavy downpours for northern and eastern scotland, combined with very strong winds as well, gale force gusts. tomorrow elsewhere we still have those blustery conditions with north winds, feeling cool, but the weather condition is not they are today, gusts away from north of scotland, temperatures only about ten degrees, but some sunshine in between scattered showers as well. looking a bit quieter through the middle part of the week, showers ease and winds as well, but more rain on the way by the end of the week. goodbye.

hello. this is bbc news. the headlines. sterling plunged overnight on asian markets — partly in response to the government's announcement of tax cuts and increased borrowing. sterling plunged overnight on asian markets — partly in response to the government's announcement

of tax cuts and increased borrowing. sterling plunged overnight on asian markets — partly in response to the government's announcement of tax cuts and increased borrowing. but labour say there's a national emergency over the economy. i'm not going to make any comment now. no comment on sterling's fall from the chancellor, but labour say there's a national emergency over the economy. the message from financial markets was clear— the message from financial markets was clear on friday, and this morning. _ was clear on friday, and this morning, that message is even more stark~ _ a moment of history in italy. georgia meloni looks set to become its first far right leader since the second world war and its first female prime minister a school shooting in russia has left at least 13 people dead, seven of them children. doncaster—sheffield airport is to close. its owner, the peel group, has blamed a "fundamental lack of financial viability". it said services at the airport would be wound down from the end of october. tiktok could be fined £27 million for failing to safeguard the privacy of children using its app. the information commissioner found the platform could have processed data of under 13s without parental consent.

sport now and a full round—up, from the bbc sport centre. good from the bbc sport centre. afternoon. good from the bbc sort centre. afternoon. ,., ., good from the bbc sort centre. afternoon. . start good afternoon. good afternoon. we start with football _ good afternoon. good afternoon. we start with football news, _ good afternoon. good afternoon. we start with football news, because - start with football news, because there is no place for trent alexander—arnold in the england squad for tonight's nations league match against germany. the liverpool right back missed the euros last year through injury and has made one international appearance this year. his omission comes as pressure mounts on gareth southgate. england have failed to win any of their last five matches and were relegated to the second tier after their loss to italy on friday. but raheem sterling is confident that they can turn things around. in is confident that they can turn things around.— is confident that they can turn things around. is confident that they can turn thins around. ., ., ,., ., things around. in football there are u -s and things around. in football there are ups and downs. — things around. in football there are ups and downs, and _ things around. in football there are ups and downs, and i _ things around. in football there are ups and downs, and i think- things around. in football there are ups and downs, and i think over i things around. in football there are| ups and downs, and i think over the last couple — ups and downs, and i think over the last couple of years we have been in -ood last couple of years we have been in good form _ last couple of years we have been in good form and it is one of those times— good form and it is one of those times where it is not going how we planned _ times where it is not going how we planned on— times where it is not going how we planned on a lot of the games, the individual— planned on a lot of the games, the individual performances have not been _ individual performances have not

been up — individual performances have not been up to— individual performances have not been up to par and me, myself, individual performances have not been up to parand me, myself, i take— been up to parand me, myself, i take responsibility for my performances but as i said, it is not a _ performances but as i said, it is not a time — performances but as i said, it is not a time to panic. the game tomorrow— not a time to panic. the game tomorrow is another opportunity to id tomorrow is another opportunity to go out _ tomorrow is another opportunity to go out there and put on a great show for the _ go out there and put on a great show for the fans— go out there and put on a great show for the fans and take a step in the right direction.— right direction. bradford have sacked manager _ right direction. bradford have sacked manager rob - right direction. bradford havej sacked manager rob edwards right direction. bradford have - sacked manager rob edwards after ten league games —— what would have sacked. he was only appointed as their new manager after roy hodgson failed to keep them in the premier league during his time in charge the club have managed just three victories and they are tenth in the championship. we understand that slaven bilic shall be appointed on an 18 month contract subject to receiving a work permit and stop the last english club he managed was west bromwich albion, and he left them back in december 2020. eight of 20 premier league clubs are being urged to make sure they pay the real living wage to their staff on the other 12 say they are either accredited employers or pay the real living wage to all staff including

subcontractors such as caterers, cleaners and stewards. it comes after premier league club spent a record £1.9 billion on players over the summer. brute record £1.9 billion on players over the summer-— the summer. we understand the context of— the summer. we understand the context of the _ the summer. we understand the context of the premier _ the summer. we understand the context of the premier league i the summer. we understand the l context of the premier league and the need to remain competitive, but as you have said, other clubs are managing to do it and it's never been more important than right now, so we would hope to see more clubs coming forward, looking at the pay in the round, looking at players pay, executive pay but encouraging people to look at the full extent of that and make sure they are fairly rewarding those earning the least but are also so critical to the success of matches and to the fan experience and all of the rest of it, so we would encourage them to look at the real living wage. worcester warriors are unsure if they will avoid being suspended from all competitions today as they approach a 5pm deadline set by the rfu. staff have been told to collect their items from the ground before their items from the ground before the gates are locked at half past

four. the rfu want to see evidence of insurance cover and funds to pay players by the deadline. that is looking unlikely and if players do not get their september salaries they will be in a position to walk away. the northampton ceo has told the bbc that losing wooster or wasps, who are enduring their own financial struggles, would have a huge impact on the game —— losing worcester warriors. brute huge impact on the game -- losing worcester warriors.— huge impact on the game -- losing worcester warriors. we really hope that wass worcester warriors. we really hope that wasps and _ worcester warriors. we really hope that wasps and worcester - worcester warriors. we really hope that wasps and worcester warriors | that wasps and worcester warriors get through their current challenges, and assuming they do, we hope to complete the league in its current format. that is a given. if they lost one or two teams it would have an impact on us because we are heavily reliant on match day income and if you take one or two of those games away, it definitely has an impact on your revenue stream. there is lots to think through in those circumstances.— is lots to think through in those circumstances. i ., , ., , ., circumstances. eddie jones has named a 36 -la er circumstances. eddie jones has named a 36 player england — circumstances. eddie jones has named a 36 player england squad _ circumstances. eddie jones has named a 36 player england squad for - circumstances. eddie jones has named a 36 player england squad for a - a 36 player england squad for a training camp ahead of their autumn nations games, and no place for danny care, who was recalled for the

summer series, danny care, who was recalled for the summerseries, butjones danny care, who was recalled for the summer series, butjones insists the door is open for his return in the future. instead ben youngs returns after sitting out the july tour to australia and to allow gay is back after suffering from a knee injury and —— and alex mitchell has been recalled with tom mitchell and david rubens and their first call ups for hugh tizard. that's all the sport for now. let's return to a story were talking about a few minutes ago, the election or likely election of giorgia meloni as potentially italy's first female prime minister, subject to a successful foundation of a coalition government. she has called for unity and promised to govern for all italians. projected results in the italian general election a right—wing alliance appears to have won, after exit polls put ms meloni's brothers

of italy party out in front. it will be the largest party based on the share of the vote. the result has yet to be confirmed, and approved by the president, but the main centre—left party has already conceded. live to our correspondent in rome. the difficulty is working out what the result means. the issue had been the result means. the issue had been the question of turnout, and just how enthusiastic italians were about any of the options offered to them. very unenthusiastic is the answer. the turnout here was 64%, the lowest in the history of the italian republic, so sncf of real apathy and a sense of disillusionment with politics and i think that fared into the rise of giorgia meloni. —— so a sense of real apathy. as the unpopularity and disappointment with the old guard here, the feeling that italy has recycled grey—haired, grey

suited politicians for far too long and that this country whose economy has been stagnating for the last 20 years that has a massive brain drain and a political during todd chrissy, it's just not working. the italy that the world love switch art, culture, food and language is not working for a specific proportion of the italian population so they are trying something new, something untested. the problem for the other side of the country is that they feel that italy is trying something terrifying with echoes of the italian fascist past. even though she vehemently rejects the label and she vehemently rejects the label and she is a very hard line social conservative against greater lgbt rights, against greater rights and immigration unlikely to maybe turn italy a bit socially conservative and that strikes fear into people here and in western europe as well. in truth, her priority will have to

be the economic situation, the energy crisis in particular because it is fair to say that italy had enjoyed a productive relationship with russia until the invasion of ukraine. yes, italy was the second largest importer of russian gas in the european union and had 40% of the european union and had 40% of the gas provided by russia and i was up the gas provided by russia and i was up on the italian border a few weeks ago looking at their russian gas pipeline, and it has now plummeted because gas prom is turning off the taps as russia is hit by sanctions and have had to look to algeria and other providers. the problem is that gas prices likely much of the world are soaring and businesses are really worried about this, and energy bills are tripling and that will be the immediate priority. an international level, there will be concerns of work italy's new

government could sit on ukraine. she is very pro—ukraine and in favour of arming kyiv but is in coalition with silvio berlusconi and both of whom are fans of putin. berlusconi was saying putin only wanted to replace the ukrainian president with decent people, as he put it on that kind of rhetoric is going to send shivers into the spines of nato leaders who will be worried that italy could be a weak link in the pro—ukrainian front, one that vladimir putin could exploit. front, one that vladimir putin could exloit. . , . , front, one that vladimir putin could exloit. . , _ .,, exploit. the french presidency has 'ust liven exploit. the french presidency has just given not _ exploit. the french presidency has just given not welcome. _ exploit. the french presidency has just given not welcome. but - exploit. the french presidency has just given not welcome. but it - exploit. the french presidency has| just given not welcome. but it says it resects just given not welcome. but it says it respects the _ just given not welcome. but it says it respects the choice _ just given not welcome. but it says it respects the choice of _ just given not welcome. but it says it respects the choice of the - it respects the choice of the italians. i think i'm right in saying that giorgia meloni was taking a pop at paris and brussels in thejoint taking a pop at paris and brussels in the joint rally that they had a few days ago. in european union terms, presumably the new coalition government, assuming it is a successful form,

government, assuming it is a successfulform, could be an interesting player. yes, italy is a founding member of the european union and the block's third largest economy and it's one thing to have a relatively small economy on the eastern edge of europe in the form of hungary becoming more autocratic. it's a totally different thing to have italy going in that direction and that's going to be a concern. you talk about the french reaction but the french prime minister says france will be vigilant about the italian respect for abortion and other human rights. that italian respect for abortion and other human rights.— other human rights. that is a concern about _ other human rights. that is a concern about the _ other human rights. that is a concern about the social - concern about the social conservatism, whereas the far right leader, marine le pen, tweeted bravo to giorgia meloni for having resisted the threats of the anti—democratic and arrogant european union. but the fear i suppose in other parts of europe is that italy has always been a political laboratory of sorts and had a media mogul property tycoon billionaire for 20 years before donald trump. is the success of the far right ear and becoming the

government in italy a harbinger that there is going to be a wave of far right victories elsewhere in europe. that will be the concern amongst the traditional western european allies who will be watching the result with real worry. for who will be watching the result with real wor . ., ., who will be watching the result with realwor . ., ., ., , real worry. for now, thanks very much. i'm joined now by journalist and former editor of the economist bill emmott. this year in a position to conquer the demons?— this year in a position to conquer the demons? ., , , ., , , the demons? probably not, but she will provide — the demons? probably not, but she will provide a _ the demons? probably not, but she will provide a certain _ the demons? probably not, but she will provide a certain stability. - will provide a certain stability. this election result might look surprising to non—italians, but it's been highly predicted in the opinion polls and basically it is a swing of the pendulum after ten years of unstable government, seven governments in 11 years. now we have a return, really, to the strong

right—wing coalition is that silvio berlusconi lead in the first decade of the 21st century, and it is now led by a female and someone from even further right than he is. but it's not a big innovation in italian terms. it is a return to social conservatism, like it or not. a return to anti—immigration policies that were also strong under silvio berlusconi. i don't think she will be a big change, but it also means she will not conquer the demons. yes. let's leave aside some of the political labelling, because it is questionable how helpful it is because people say that she is the first of far right leader since the war but you would say she is not a fascist in the benito mussolini sense, even though she was part of a youth movement that emerged from some of his supporters after the war, but she is a different sort of politician, isn't she? she war, but she is a different sort of politician, isn't she?— politician, isn't she? she is a different sort _ politician, isn't she? she is a different sort of— politician, isn't she? she is a different sort of politician. i politician, isn't she? she is a i different sort of politician. she politician, isn't she? she is a - different sort of politician. she is very resolute and determined. she is

pretty impressive in the way she conducts herself. she is young, 45 years old, pretty new compared with many of the leaders of italy. the fascist thing is probably not very important because in italian terms, historically, there was no denazification equivalent in italy. lots of proto— fascists were there in the christian democrat governments of the 50s, 70s and 80s, so from an italian point of view it's not a very important label even if some of the supporters of her wear black shirts and use a roman salute from time to time. but more important is how internationalist is she going to be. she says she is a sovereign test, and italy first person but she needs the help of europe to solve the energy crisis and is getting a huge inflow of money from the eu next generation

fund, 190 billion euros, the equivalent of 13% of gdp over five years. is she really going to put that at risk? we will see.- years. is she really going to put that at risk? we will see. what are the fundamentals _ that at risk? we will see. what are the fundamentals in _ that at risk? we will see. what are the fundamentals in the _ that at risk? we will see. what are the fundamentals in the italian - the fundamentals in the italian economy that those succession of short lived governments have failed to tackle which, if it is a stable coalition, might be possible to at least begin trying to tackle? i think if you were to come in with a recipe, you would start with education and that is a long—term thing, but the education system is pretty bad, particularly universities which has contributed to low productivity and growth. secondly, it has a very low wage economy with a very poorly regulated labour market. a lot of black labour which means household consumption is slow, and it's very difficult to get a mortgage because you cannot get a proper income, and thirdly

investment in infrastructure which some italian railways are fantastic, but the country is very patchy in its infrastructure and rather old—fashioned also in its energy. and that is where... and in digital things, broadband and so forth, that is where the public investment plan is where the public investment plan is making the biggest contribution. but, really, if you were to say to giorgia meloni what to do, i would start with education and then go to wages and improving the wages of ordinary workers, and then move onto some of those infrastructure questions. lovely to talk again. thank you very much. five rescue workers in the philippines have been killed in a typhoon that has left homes flooded and millions without electricity. they were washed away in flash floods while carrying out operations in the district of san miguel, north of the capital manila. the typhoon caused gusts of up to 149 miles per hour on luzon,

where more than half of the country's 110 million population live. this is typical of the country, much of the stalk —— a small alleyways are flooded. it started at around one or two in the morning and the floodwaters rose extremely quickly, peaking at around four p. there were five people are trying to rescue many neighbourhoods and they were swept away on the rising flood waters. in total, around 74,000 people were evacuated from their homes and taken to shelters. the red cross had shelters set up across the country as this super typhoon crashed into the philippines. many were put up in small towns, in

churches, and community centres, and as they woke up this morning this was the result. this is the main road to san miguel, and as you can see, many people are out of their houses i'm just spending time by the side of the road. they are all sharing food and information and people have gone to the houses of their relatives and i've been through some of the other neighbourhoods where we have had to wade through, chest deep and many people are on the roofs, passing food from roof to roof and that is the way, they say, they will have to live until the floodwaters recede. many are unwilling to leave their homes because they fear they will be rooted. we are waiting for an update from the disaster committee and the philippines, but so far the president has said he feels that the country has got away quite likely because this super typhoon came so quickly before heading and bashing into the philippines that they did have time to put out the warning and

it seems that that preparation has paid off on this occasion, but there is a wider message here. many people tell me that the storms are becoming more frequent and more intense and that, for them, is the concern and when i spoke to people earlier there were not asking for new housing or better roofs or facilities, the one thing they asked for was, please tell the world they need to focus on climate change. two teenagers are due to appear at leeds magistrates�* court today —— charged with the murder of fifteen—year—old khayri mclean outside a school in huddersfield. both boys, aged fifteen and sixteen, have also been charged with possession of a bladed article. our correspondent, danny savage, is at leeds magistrate's court what happened at the appearance.

khayri was 15 years old and died in huddersfield shortly after being attacked after the school day had ended at his school, just a short distance from there and this happened in front of lots of other children coming out of school and despite the best efforts of teachers and paramedics, he died a short time later in hospital. an investigation was launched by west yorkshire police and a 15—year—old and 16 have been arrested and were questioned throughout friday and over the weekend and west yorkshire police said they had charged both teenagers after their investigations and today both of them appeared here at a youth court at leeds magistrates�* court and both are charged with murder and possession of a bladed article and theyjointly murdered khayri and jointly add without good reason in a public place, a knife. they can appear before leeds crown court in two days�* time on wednesday, so this investigation continues but the two teenagers

under arrest, a 15—year—old and 16 are old, both formally charged with murder and possession of a knife and they will appear before leeds crown on wednesday. some breaking news, confirmation from the crown prosecution service that this thursday a hearing has been scheduled in the case of death by dangerous driving of harry dunn. the cps says they remind everyone that she has the right to a fair trial and there should be no reporting, commentary and sharing of information on life which could prejudice proceedings —— online. harry dunn�*s family said they would not comment on the case until any criminal proceedings are completed, so that hearing at westminster magistrates�* court this thursday. doncaster sheffield airport will close later this year. its owners, peel group,

said earlier this summer that the airport is no longer viable, and today they�*ve confirmed that aviation services will start winding down from the 31st of october. our reporter in leeds tom ingall gave us more background. it's it�*s a little bit of history first. doncaster sheffield, a fairly new airport in the north of england was opened on the old airbase which had closed in 1996 on the airport got up and running 2005 and there was a bit of fuss because it was initially called itself the robin hood airport, a name that survives although in much smaller sprint —— print than doncaster sheffield. the airport has had up and downs like all regional airports and they�*ve been badly hit by the pandemic although it did manage to do a very good trade in bringing in freight, particularly ppe from abroad to be distributed. but it was this summer when the owner said that the airport was not financially viable and since then there�*s been a lot of discussion with local authorities and we have an elected metro mayor and we have an elected metro mayor and his office on friday put together a financial lifeline package that said, here is the money

for the airport to keep going for another 12 or 13 months during which time we will have continuing discussions with a consortium that we believe we have waiting in the wings to come on by the airport or means it has a longer term future as an airport. but il have said that without the details it would be irresponsible to accept public money, and therefore they want to start winding down aviation activity on the site from the 31st of october. we understand from discussions from the local chamber of commerce on that union that that is 800 jobs affected and the gmb union who we spoke to this morning understandably quite angry about the plans to close the site. brute understandably quite angry about the plans to close the site.— plans to close the site. we have hundreds of— plans to close the site. we have hundreds of people _ plans to close the site. we have hundreds of people that - plans to close the site. we have hundreds of people that work i plans to close the site. we have hundreds of people that work in | plans to close the site. we have - hundreds of people that work in the different— hundreds of people that work in the different companies within the airport — different companies within the airport. i've had discussions today with members and shop stewards on site, with members and shop stewards on site. and _ with members and shop stewards on site, and they are absolutely devastated. and angry. angry that

the offer— devastated. and angry. angry that the offer of public money was not, well, _ the offer of public money was not, well, it— the offer of public money was not, well, it hasn't even been considered.— well, it hasn't even been considered. �* , ., ,, ., well, it hasn't even been considered. �*, ., ,, ., ., considered. let's talk about some of the reaction — considered. let's talk about some of the reaction we've _ considered. let's talk about some of the reaction we've had _ considered. let's talk about some of the reaction we've had coming - considered. let's talk about some of the reaction we've had coming in - considered. let's talk about some of| the reaction we've had coming in and the reaction we�*ve had coming in and there is enough paperwork to support a 747 in flight, but from the mayors office, locally, they say the fact that they�*ve chosen to turn down the offer confirms what many of us suspected, they were never serious about finding an alternative and safeguarding the future of doncaster sheffield airport. from the department for transport, we encourage local leaders and the peel group to work together to find a solution for the site that will benefit local people in the region�*s economy and there might be some people watching who have flights already booked in the future. the main operator from the site are tui and they say flights will operate until the last flight on the 4th of november 22 and doncaster customers will be contacted to outline alternatives amid options including

transfers to another airport or a full refund for their holiday bookings. it is primarily a holiday airport although wiz were offering commuter flights to poland. airport although wiz were offering commuterflights to poland. the future for this is extremely long runway which stands ready to serve now looks very uncertain. time runway which stands ready to serve now looks very uncertain.— runway which stands ready to serve now looks very uncertain. time for a look at the — now looks very uncertain. time for a look at the weather. _ now looks very uncertain. time for a look at the weather. a _ now looks very uncertain. time for a look at the weather. a spell - now looks very uncertain. time for a look at the weather. a spell of - look at the weather. a spell of typically autumnal weather in the next few days with blustery winds and plenty of showers as well. this was the picture earlier on today and the wind whipping up the waves and some shower clouds around and similar scenes across coastal areas and over the next few days the theme continues and it is looking quite cool and windy with plenty of blustery downpours around as well. here is the main band of rain that brought rain overnight to many and that has cleared the south coast so we are left in a north westerly airflow, and these wind arrows go all the way to the arctic

introducing a colder burst of air that we see at the moment. plenty more showers as we head through the afternoon and evening. most frequent for northern and eastern scotland, but some in parts of eastern england, wales and northern ireland as well and the strongest of the wins will be close to the coast, gusting around 50 mph, but even in land we will see gusts up to about 30 mph, so temperatures at 6pm between eight or 15 degrees but feeling colder when you add in the wind—chill. through the evening and overnight, we keep heavy showers, particularly for the north and east of scotland with the wind picking up overnight and gale force gusts, still breezing through the irish sea, more showers around towards the west, but clearer skies in the east, so temperatures falling to 45 degrees to start tuesday morning. tomorrow will be pretty similar to today because we have a low pressure sitting out on the east and quite a few isobars on the map and winds coming in from the north—west again. but they will ease a bit for most of

us compared to today and it stays very windy across the north and north—east of scotland. still frequent showers but not quite as many as we see out there today and perhaps a bit more persistent rain on the far south—west later on. temperatures between ten and 16 degrees but unnoticeable blustery breeze. looking through wednesday, low pressure not far away but showers around, particularly for eastern areas in the course of wednesday and towards the south and west, you are likely to stay dry and the wind is easing compared to today and tomorrow so temperatures between 13 and 16 but not so much of a noticeable wind—chill. and unsettled towards the end of the week with many of us likely to see heavy and persistent rain during friday. goodbye.

this is bbc news, i�*m shaun ley. it is 3pm. the headlines... the government has confirmed it will press ahead with its economic plans, despite sterling thinking to almost $1 over the weekend. it has recovered a bit today, but it remains weak. chancellor, what are you going to say about what�*s happened in the markets? i�*m not going to make any comment now. the message from financial markets was clear on friday. and this morning, that message is even more stark. coming up — we�*ll be live in liverpool and speaking to labour who�*ve been

setting out their economic plan — it�*s promised they�*ll bring back the top rate of income tax to fund more nhs staff. our other top stories this afternoon... two boys, aged 15 and 16, have appeared before magistrates in leeds charged with the murder of khayri mclean, who was stabbed outside a school in huddersfield. a moment of history in italy — georgia meloni looks set to become its first far right leader since the second world war and its first female prime minister. doncaster sheffield airport is to close. this is by the end of the year. its owner, the peel group, has blamed a "fundamental lack of financial viability. " and nasa prepare to crash a space probe into an asteroid to find out how hard it would be to save the planet.

good afternoon. the pound fell overnight to its lowest level against the dollar for half a century. asian markets were reacting to the government�*s announcement last week of tax cuts and increased borrowing to pay for them. at one stage sterling plunged to around $1.03, before regaining ground. but it has now made up the morning�*s losses amid market speculation that the bank of england will have to raise interest rates more sharply than previously anticipated. remember, they only went up last thursday, but that was a day before the chancellor gave his mini budget. our business correspondent, theo leggett, reports. the pound, the centrepiece and symbol of our economy, has been tumbling — against the dollar, the euro and the japanese yen. and that affects our daily lives. a great deal of what we buy, from the fuel in our cars to the clothes we wear, to the food we eat, comes from abroad, and when the value of the pound goes down,

the cost of those imports goes up, and what that means is that prices go higher, and the pound in your pocket won�*t go as far. the currency fell dramatically on friday and dropped sharply again this morning, touching its lowest level ever — just above $1.03 — before recovering some ground. here is why. on friday, the chancellor abandoned planned tax rises and announced a swathe of tax cuts instead. 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 just a few months�* time. it is all to boost growth, but it means a great deal of extra borrowing and experts say that is making investors queasy. we had a budget on friday in which we saw a lot of tax cuts, but unfortunately that means that the government will have to issue an— awful lot more debt, and that is something which the market is finding it difficult to swallow. uk fundamentals right now, a lot of debt,

a recession and of course high inflation, and that is something that investorsjust don't like. this business in kent sells fruit crisps. it imports citrus fruit, pineapples, kiwis and melons from europe and south america, most of which is paid for in dollars. it will have almost an instant effect, within a week or two, on the prices we are paying for our fresh fruit. this in turn will have an impact on any new business we take on — some of the old businesses we are in contract with and we can�*t just change our prices, so that will hit our bottom line. but new businesses, we will have to increase our prices, and that means stunting growth, iimagine. experts say the bank of england may have to increase interest rates again sharply to help stabilise the currency. the former deputy governor of the bank, sirjohn gieve, says policymakers will be concerned. i think i would be worried. the bank and, indeed, the government have indicated that they

are going to take their next decision in november, and publish forecasts and so on at that point, and the worry is that they may have to take action a bit sooner than that. this morning, the chancellor was staying tightlipped about his intentions. i am not going to make any comment now. but in the financial markets, what he had to say on friday is continuing to resonate. theo leggett, bbc news. well, let�*s show you these pictures of the chancellor, kwasi kwarteng, being asked about the all—time low in the pound this morning. he was on his way to his office in the treasury. chancellor, what are you going to do about the turmoil on the markets this morning, sir? i�*m not going to make any comment now. what about the city? what conversation are you having with the bank of england, sir? do you have anything to say about what is going on, sir?

are you planning to reverse the announcement that you made last friday, sir? what do you have to say about everything that has been going on, sir? i�*m just getting to my office now. thanks. thank you very much, sir. thank you. we will see whether or not he wants to say something during the course of today. in a moment we can speak to our economics correspondent, andy verity, but before we launch into more explanations and analysis, we�*re going to bring you some insight on the sorts of terms casually used when we report on the currency markets. let�*s start with a "weak or strong currency" — it might seem obvious, but this is to do with the fact that currency has a price. when the price is high, the currency is seen as strong.

it doesn�*t mean that a "strong currency" can�*t have some disadvantages. it's it�*s not as simple as that. next, "currency speculation." this is notjust the buying and selling of a currency on the international markets. it�*s when brokers buy or sell with the intention of guessing whether a currency will rise or fall in value. effectively, it is a bet. they obviously make money if they get it right. that takes us to "shorting the pound". here, "shorting" means selling. "shorting the pound" means taking a position that will earn you a profit if the value of the pound falls against other currencies. so who is doing the buying and selling? the "international financial market" is made up of a variety of institutions such as banks, investment firms, pension funds and so on — some of them will be doing it purely for the purpose of speculation. others use it as a way of investing. finally, "parity" —

that�*s when a single unit of a currency has equal value to a single unit of another currency. that is not quite the case with the pound against the dollar, but it came perilously close at one point, and day. not far off notfaroff and not far off and i think if you get currency in foreign dollar is now once you have paid your commission and fees it will be very close to one—on—one. the problem in financial markets at the moment is the lack of confidence in the government�*s plans and the concern it could fuel inflation and the fact there were no costings on it, that credibility of fiscal policy. confidence in it has been lost and that is reflected in where they think interest rates will 90, where they think interest rates will go, so at the moment after last week�*s hike, we have the current bank of england... we should be able to see here the current bank of england official rate is at 2.25%, but what markets are now saying as it is going to rise to 4% by november. there is not a meeting until november, but some people think on the markets actually bank of england is going to have to do an

emergency hike to get it part of the way there. 4% in november and then possibly up to 6% in the new year, perhaps around may orjune time. obviously that is really serious if you have a variable rate mortgage, and there are about 2 million households who have that, even if you have a fixed rate mortgage if you have a fixed rate mortgage if you have a fixed rate mortgage if you have one of those deals that expires in the next year or two you have the potential for a expires in the next year or two you have the potentialfor a big jump in how much a mortgage is costing you per month because of high interest rates. the other thing that is happening is even as you say, the pound has gone back up against its level against the dollar in trading, more or less, it think it is slightly under now, at the same time as this really the cost will be government debt because we are talking about another nearly half a trillion of debt that will be borrowed over the next four years, is that manageable? well, we borrowed lots during the pandemic and that was possible because interest rates were superlow. they are not so superlow any more, so gilt markets, these are markets where there is an iou and the

government says you lead me this money and we�*ll pay you an interest rate, interest rate is now and inquiring those investments now perceive a much higher risk in lending to the uk government is now 4% over ten years, so to give you an idea of that one year ago it was only 1%, so in other words it has quadrupled the amount of money that investors want to compensate for the risks they are taking in order to lend. b. risks they are taking in order to lend. �* ., , in the �*and in the �* and the just in the chancellor and the but in by basically t ’ ’ ” ' " by basically t "or ” ' " borrow all this borrow al it this borrow al it back of on will>n yea rs years as the economy tend economy sell and if they are poor you will sell it. concerns

and if they are poor you will sell it. and cerns and if they are poor you will sell it. and the s of and if they are poor you will sell it. a and the s and of and if they are poor you will sell it. a and the s thing nd of and if they are poor you will sell it. a and th of thing nd of say government g( how do ntl do - such g( how do ntl do thatl such rates ? if do announce an emergency agdjjlou do announce an emergency rate, aggjjyou do announce an emergency rate, does it interest rate, does it backfire? yes, it looks like you don�*t even have confidence in yourself, almost. that is the political risk and it is interesting, this, becausejoanne lyons who is not unsympathetic to what the government is trying to do, were saying on the radio this lunchtime he thought perhaps the chancellor had made two mistakes. one, he hadn�*t prepared the ground enough for the announcement, we kept being told it was a mini budget, and suddenly it is the biggest budget announcement in really half a century the second biggest tax cut, according to the iss, and secondly afterwards he went on to laura kuenssberg�*s programme on bbc one on sunday morning and hinted there

might be further tax cuts without saying what they were all saying how he would pay for them. in that context, that is fine, he is new to this, but liz truss who is boss, has been a treasury minister before, she was the number two in the treasury, surely she must have understood the risks? i surely she must have understood the risks? ~ , ., ., , risks? i think if she had foreseen this will be _ risks? i think if she had foreseen this will be chancellor _ risks? i think if she had foreseen this will be chancellor would - risks? i think if she had foreseen | this will be chancellor would have foreseen this, they would probably have come out with a slightly different statement on friday, not least saying some idea of how they were going to fund it. if you are going to fund it through borrowing, you have to have an idea of how much is going to cost to do that, but of course because we didn�*t have the cpr course because we didn�*t have the opr forecast we have no official estimate. so opr forecast we have no official estimate. ., ., , estimate. so we have no independent assessment on _ estimate. so we have no independent assessment on how _ estimate. so we have no independent assessment on how this _ estimate. so we have no independent assessment on how this is _ estimate. so we have no independent assessment on how this is going - estimate. so we have no independent assessment on how this is going to i assessment on how this is going to be done? we basically had to take the chancellor�*s word for it and they have also announced that they will be a spending review, so we don�*t know this might require spending cuts and it didn�*t require spending cuts and it didn�*t require spending cuts, and there is a lot of speculation that it might, and i was challenging labour on this because they will be in the same position if they will be in the same position if they inherit this in two and a half years�* time, if you don�*t say where

you are going to make the spending cuts and how, so quite a lot of stuff the markets don�*t know that we as voters and people living in this country don�*t know either? as voters and people living in this country don't know either?- country don't know either? that's riaht country don't know either? that's ri . ht and country don't know either? that's right and of— country don't know either? that's right and of course _ country don't know either? that's right and of course the _ country don't know either? that's right and of course the markets i country don't know either? that's| right and of course the markets in the absence of information there will be speculation and that is where you are seeing such volatility. the other shadow over all of this is the fact that the us central bank is worried we are heading for a global recession and thatis heading for a global recession and that is why money is going to be dollar at the dollar is strengthening, it is a flight to safety, people wanting their money where they think it will be safe. brute where they think it will be safe. we may need to talk again. a couple of hours left for me and i know ben brown will be back at 5pm covering more on this. for now, thanks very much. labour say the government has "spooked the markets" with a "reckless gamble" on tax cuts paid for by increased borrowing. in the last hour, the shadow chancellor rachel reeves has been setting out labour�*s economic vision at the party�*s conference in liverpool. she said a labour government

would bring back the 45p top rate of income tax and use the funds to boost nhs staffing numbers. this is the income tax the government intends to scrap. our political correspondent, ione wells, reports from liverpool. who would want to be the chancellor right now? she does. thank you! things are looking choppy. the pound reached a record low against the dollar, inflation is high, interest rates are up, and energy prices soaring. rachel reeves claims the chancellor has fanned the flames of the fall in the pound by suggesting more tax cuts are coming. on friday the chancellor had an opportunity to set out a serious response to the cost of living crisis. and he failed. what did we get instead? a tax cut for the wealthiest 1%. the message from financial markets was clear on friday. and this morning, that message is even more stark. sterling is down. that means higher prices,

as the cost of imports rise. government insiders want to ride this out, arguing tax cuts are part of their plan to grow the economy long—term. here is our alternative. our green prosperity plan, to provide the only sustainable solution to the energy crisis, to free ourselves from dependence on russia, to invest in solar, in wind, in tidal, in hydrogen and in nuclear power, and to pass on to our children a fairer and a greener country. labour committed to keeping some of the tax cuts, but ditching this those for the top earners, to bolster the nhs. the 45p top rate of income tax is coming back. applause and cheering. and here�*s what we will do with that money. the next labour government will double the number of district

nurses qualifying every year. applause. we will train more than 5,000 new health visitors. applause. we will create an additional 10,000 nursing and midwife places every year. applause. labour want to define themselves as the party of fiscal responsibility — in plain english, they argue that they would strike a better balance between public spending and tax. speaking to shadow ministers here, as well as concern about the economy, they are buoyant, saying they can�*t quite believe the opportunity they�*ve been handed by the government to draw a clear dividing line between them on the economy. but to make any of their plans a reality, they will need to do more than just criticise. they will need to convince the public their economic plan is the right one, and that will mean winning over more than just crowds here. ione wells, bbc news, liverpool. i�*m joined now by our political

correspondent, damian grammaticas. he is also in liverpool. how much enthusiasm is the current situation generating for labour? do they see this as a big political opportunity for them or in a sense a political trap? for them or in a sense a political tra - ? ~ ~ , ., trap? well, i think it is worth sa in: trap? well, i think it is worth saying that — trap? well, i think it is worth saying that the _ trap? well, i think it is worth saying that the shadow - trap? well, i think it is worth - saying that the shadow chancellor, rachel reeves, in her speech that she made earlier, she started by saying, we are facing a national emergency, so i think the labour party trying to be careful here, trying to hit the right tone, button and also see this as a sort of opportunity, one that also opens an opening for that stock it was interesting her speech, ithink opening for that stock it was interesting her speech, i think the bit that got the biggest ovation was when she said, labour is becoming the party of economic competence and social justice. the party of economic competence and socialjustice. so trying to take that sort of mantle of economic competence and claim that for labour

and say what they are seeing now in the financial markets, the response to those tax cuts, the undermining of confidence in the financial markets and in the uk economy is something that labour wants to say it has an answer to, so they see a sort of opportunity, but, as you say, there is a concern for them about how would they respond to this? how will they respond to this idea of tax cuts? their idea, they say, is they would reinstate the tax cuts for the wealthiest, most people earning over 150,000, but 45p on the £1 tax rate, and put that money into the nhs, but this does —— does this amounts to an overall package that would address the situation? that is the difference between labour, reinserting that tax cut, though it has about £2 billion they would get, but they are promising a lot for that to pump that into the nhs, but they are also promising 8 billion to invest in green energy, saying that would be their alternative to try to

find a sort of green path through investment, not through tax cuts, but again these are small figures compared to the overall picture of the economic situation of the country is in, so they are sort of trying to thread a needle at the minute, but saying they are sort of appealing to all sides, saying they are a party of confidence and social response ability, the party of business and workers, so i think labour has some work to do to try to find a way to cut through and appealed broadly to the electorate, but they see an opportunity in this moment. �* ., .., but they see an opportunity in this moment. �* ., _, , ., but they see an opportunity in this moment. �* ., ., ., ., , moment. and to continue your analogy of a needle and — moment. and to continue your analogy of a needle and thread, _ moment. and to continue your analogy of a needle and thread, presumably i of a needle and thread, presumably the problem is they don�*t know how big a hole in the needle is going to be they don�*t know how long before it is going to be, in other words at the end of the day they don�*t know how much money they are going to have and how much of that money is going to have to go into extra borrowing costs.— going to have to go into extra borrowing costs. going to have to go into extra borrowin: costs. ., , ., �* , borrowing costs. no, they don't, but the do borrowing costs. no, they don't, but they do say — borrowing costs. no, they don't, but they do say that _ borrowing costs. no, they don't, but they do say that their _ borrowing costs. no, they don't, but they do say that their approach - they do say that their approach would be to not, or to try to have

less borrowings, so they talk about raising taxes in other ways through a windfall tax on more windfall tax on energy companies. that, again, it would raise a few billion perhaps, depending on how it was managed and depending on how it was managed and depending on how long those energy companies continue to have excess profits, they say, but still, there are big questions for labour, just as much as for the tories here, in how they would manage the public finances in a situation where borrowing is going up, interest rates are going up, inflation is going up and how to balance all of that. if going up and how to balance all of that. , ., , �* , ., that. if this doesn't settle down, if this is an _ that. if this doesn't settle down, if this is an economic _ that. if this doesn't settle down, if this is an economic model - that. if this doesn't settle down, if this is an economic model that doesn�*t work, if the plans of the government, which are pretty radical, don�*t work, are they not at all worried about what they could end up inheriting, where they do win the next election?— the next election? well, i mean, labour the next election? well, i mean, labour know _ the next election? well, i mean, labour know that _ the next election? well, i mean, labour know that that _ the next election? well, i mean, labour know that that election i the next election? well, i mean, labour know that that election is j labour know that that election is perhaps two years away, so there is talk here about the party trying to get ready for an election that could

come earlier. they don�*t know when it would be or what they would inherit at that point, but there is obviously considerable uncertainty about the economic situation. we heard earlier that the shadow business secretary was saying that the chancellor needs to react to what is happening in the market, so it is not even, i think, a certainty about what may happen in the next days or a few weeks, how the bank of india in li bank of england will respond, will they put the interest rates up, or will be polymer to be recalled to debate the situation and what should be done? it is uncertainty in the short term, let alone two years away.— alone two years away. damian grammaticas _ alone two years away. damian grammaticas in _ alone two years away. damian grammaticas in liverpool, - alone two years away. damian i grammaticas in liverpool, thank alone two years away. damian - grammaticas in liverpool, thank you very much. and just to say, later this afternoon we are going to be answering your questions on the pound dwight has tumbled and recovered again. your questions answered at 4:30pm today, still time to get on some questions. you can

e—mail your questions, to get on some questions. you can e—mailyour questions, e—mail on the e—mail your questions, e—mail on the address e—mailyour questions, e—mail on the address below or social media use the hashtag below on the screen. in other news... two teenagers have appeared at leeds magistrates�* court charged with the murder of 15—year—old khayri mclean outside a school in huddersfield. both boys, aged 15 and 16, have also been charged with possession of a bladed article. because of the age of the respondents, this was sitting at a youth court this afternoon. khayri mclean was 15 years old and died last wednesday in huddersfield after being attacked shortly after the school day had ended at the school, just a short distance from there and this happened with lots of other children coming out of school and despite the best efforts of teachers and paramedics, he died a short while later in hospital. an investigation was then launched by huddersfield police and since then a

15—year—old and a 16 would have been arrested, they were questioned throughout the weekend and last night she huddersfield police said they had charged both teenagers after their investigations and today both of them appeared here at the youth court at leeds magistrates�* court, both charged with murder and possession of a bladed article, but theyjointly murdered khayri mclean and jointly had without good reason in a public place a knife. they have both been remanded in custody and will appear before leeds crown court in two days�* time on wednesday, so this investigation continues, but the two teenagers under arrest, a 15—year—old and a 16—year—old, both formally charged with murder and possession of a knife today and they will appear in leeds crown court on wednesday. will appear in leeds crown court on wednesday-— just want to bring you a bit of breaking news. it is about the duke of norfolk, who became al marshall backin of norfolk, who became al marshall back in 20 years ago, nelly, and he is still in that post. in fact, he

organised the queen�*s funeral, he got some plaudits for that, but he has had a bit of bad news today. he pleaded guilty to driving and on a mobile phone and he has had six months driving ban. italy looks set to have its first far right leader since the second world war. giorgia meloni is claiming victory in the country�*s general election, and is on course to become the country�*s first female prime minister. the first pyrite leader since mussolini. —— the first far right leader. four years ago, her brothers of italy party won only around 4% of the vote, but they�*ve benefited from staying out of the national unity government that collapsed injuly. they now have over 20% of the vote, forming the largest party. jessica parker reports from verona.

cheering and applause. a political minnow four years ago, giorgia meloni is now on course to become italy�*s first female prime minister, her rise being watched by all of europe. translation: italy has chosen us. it is important to understand that if we are called to govern this nation, we will do it for all italians, with a clear objective of uniting the people because the great objective that we have always had as a political force is that of ensuring italians may once again be proud to be italians. this woman has run her bar in her village for 15 years. in this part of northern italy, they often look to the right, but not long ago, meloni�*s party barely registered here. translation: here with the clients i feel she is popular. _ meloni is the one who has promised more support. it is important to see if they keep their words. hearing people here, they need to be helped. pensions are too low, the cost—of—living is rising, we simply can't live like this. a wealthier part of italy, here meloni�*s tax

cut plans went down well. she also wants a naval blockade of libya to stop migrant boats and is against advancing lgbt rights. her party has neo—fascist roots, although it is a label she rejects. as a politicalfigure, she divides. from the point of view, for example, of many civil rights or women�*s rights or human rights, i don�*t think she is very open. translation: i am happy because this is a change. i we will see. and it is also important that for the first time we might have a woman in italy as prime minister — that is something new. in italy, history is all around you, but if today is an historic one, many voters don�*t actually seem that excited. they are worn down, they say, by the volatility of italian politics. also cynical about the promises politicians make. the success of giorgia meloni�*s campaign is big news for italy and for europe, but the realities of

government can be rather different. translation: it is a historical l turning point, but the uncertainty is that her allies are very weak, which could potentially compromise her ability to govern. allies that include men who have held pro—kremlin sympathies. brussels will be avidly reading this election to see if meloni�*s history of euro—scepticism translates to the present. in this, the eu�*s third largest economy, any frayed politics are felt far beyond. jessica parker, bbc news, verona. time now for a look at the weather. here is sarah. hello. i rather cool on a blustery spell of weather out there today and not much changed over the next days, some rainbows to be spotted as we see cool and windy conditions bringing those blustery showers, but with spells of sunshine as well. that will be the stories we head to latter part of the afternoon

into the evening, still showers for northern and east scotland, for the east coast of england and irish sea coasts as well. clearing overnight, temperatures down in the south—east england down to 45 degrees, milder in the west, some heavy downpours for northern and eastern scotland combined with very strong gale force winds as well, so elsewhere we have blustery conditions with those winds and feeling cool, but the winds not as strong as they are today for most of us away from northern scotland, temperatures only up to about 16 degrees, but there will be some sunshine in the scattered showers as well, a bit quieter through the middle part of the week with showers using an winds easing, but more rain on the way for friday. goodbye. hello, this is bbc news with shaun ley. the headlines: a sharp fall in the value of the

pound means the bank of england may raise interest rates sharply. at the labour party conference in liverpool, kwasi kwarteng�*s opposite number, rachel reeves, has been setting out her party�*s economic vision and said a labour government would bring back the top rate of income tax being abolished by the government. laboursaid it income tax being abolished by the government. labour said it would fund morejobs in the nhs. two boys aged 15 and 16 have appeared in magistrates in leeds today. a moment of history for italy. giorgia meloni looked set to become its first ever woman prime minister. doncaster sheffield airport will close. its owner, the peel group, has made claims of a lack of financial viability and announced services would be wound down on the end of october. tick—tock is facing a fine of up to £27 million for failing to safeguard children�*s privacy. the information commissioner found the

platform could have processed the data of under 13—year—olds without their parents consent. sport now, and a full round up, from the bbc sport centre. good afternoon. there is no place for trent alexander—arnold in the england squad for tonight�*s nations league match against germany. he was an unused substitute in the loss to italy. his omission comes as pressure mounts on gareth southgate. england have failed to win any of their last five matches scoring one goal and that was from the penalty spot and were relegated to the second tier after that loss to italy. however, raheem sterling is confident they can turn things around the world cup. in football there are ups and downs, and i think over the last couple of years we have been in good form and it is one of those times where it is not going how we planned

in a lot of the games, the _ individual performances have not been up to parand me, myself, i take responsibility for my performances but as i said, it is not a time to panic. the game tomorrow is another opportunity to go out there and put on a great show for in the right direction. watford have sacked manager rob edwards after ten league games. he was only appointed in may as watford is 11th manager since 2013. they are tenth in the championship and slaven bilic shall be appointed on an 18 month contract subject to receiving a work permit. the last english club he managed was west bromwich albion, and he left them back in december 2020. eight of 20 premier league clubs are being urged to make sure they pay the real living they pay the real living wage to their staff.

the other 12 say they are either accredited employers or pay the real living wage to all staff including subcontractors such as caterers, cleaners and stewards. it comes after premier league club spent a record £1.9 billion on players over the summer. we understand the context of the premier league and the need to remain competitive, but as you competitive, but as you have said, other clubs are managing to do it and it�*s never been more important than right now, so we would hope to see more clubs coming forward, looking at the pay in the round, looking at players pay, executive pay but encouraging people to look at the full extent of that and make sure they are fairly rewarding those earning the least but are also so critical to the success of matches and to the fan experience and all of the rest of it, so we would encourage them to look at the real living wage. worcester warriors are unsure if they will avoid being suspended from all competitions today as they approach a 5pm deadline set by the rfu. staff have been told to collect their items

from the ground before the gates are locked at half past four. the rfu want to see evidence of insurance cover and funds to pay players by the deadline. that is looking unlikely and if players do not get their september salaries they will be in a position to walk away. the northampton ceo has told the bbc that losing worcester or wasps, who are enduring their own financial struggles, would have a huge impact on the game. former england head coach stuart lancaster has been appointed the new boss of racing 92. in his time at leinster he led them to the european champions cup title and the pro title on 14 occasions. we will continue in that role this season but says the chance to challenge himself and coach in france is an exciting one. ahead of the women�*s

rugby league world cup in november, the england head coach craig riches has named a 24 player squad with 18 of them coming from leeds rhinos and saint helens. the recently crowned woman of steel when it is in, as are the former winners of the award, jody cunningham, george roach and courtney wingfield hill. leeds jody cunningham, george roach and courtne zoe igfield hill. leeds jody cunningham, george roach and courtne zoe hornbyiill. leeds jody cunningham, george roach and courtne zoe hornby is .. leeds player included �* her player i in uded �* her play of the match in the challenge cup final against st helens. that�*s all sport now. lots more on all of the stories including one story from the stories including one story from the world of cricket which has been causing controversy. the england captain heather knight insists india made no attempt to warn charlie dean before her run out in the one—day international on saturday. she adds that the wind was legitimate and that the wind was legitimate and that they should not feel the need to justify it by lying. you can read more on that story on the bbc sport

website. a dramatic finish on the website. a dramatic finish on the website and for you. two teachers and two security guards are amongst the dead at school 88. investigators say at least 20 other people were injured before the gunmen turned the gun on himself. caroline hawley came into the studio earlier to give us an update. well, this happened in a town in central russia, it was school 88, as you said. the gunman got into the school, armed with two pistols, by shooting dead a security guard. he apparently had lots of ammunition. as you said, he then opened fire on both pupils and teachers before then turning the gun on himself. videos online show children running, absolutely terrified, as you can imagine, from the building or cowering under desks.

one child is reported to have broken his leg byjumping out of a window and investigators have released a video of the gunman lying dead on a classroom floor. he was wearing a black balaclava, he was wearing black clothes, he had a red swastika on his black t—shirt. he was reported to have been a local resident, aged 34, a former pupil and investigators don�*t know his exact motive, but they are obviously looking at any neo—nazi links. they have searched his residence. and it is the latest in a string of shootings. there was a very serious one in may 2021, but this is the deadliest in some time. we expect more details when the investigation progresses. the total so far of people crossing in small boats having surpassed whole of 2021. according to government figures, more than 31,000 people have made the illegal crossing so far, three times higher

than in all of 2021. a people smuggler based in turkey has told the bbc that the uk government plan to send asylum seekers to rwanda will not put off his customers. the government has previously defended the plan and their ongoing legal challenges from human rights campaigners and says it hopes to break the people smugglers business model. we have agreed not to reveal his identity as it was the only way he would tell me about his business. he denies it, but there have been allegations that a migrant died on one of his boat. smuggling is dangerous, people�*s lives are put at risk and you are making money from putting people�*s lives at risk. accidents can happen. but we explain

how dangerous the journey is, and we have them sign a consent form. you could die. i tell them. and have them sign a consent form. you could die. itell them. and i have them sign a consent form. you could die. i tell them. and i warn his mum and dad as well. the uk government _ his mum and dad as well. the uk government announced - his mum and dad as well. the uk government announced it - his mum and dad as well. the uk government announced it would l his mum and dad as well. the uk - government announced it would crack down on this trade. it plans to send some asylum seekers, likely single men, to rwanda in africa to have their claims processed. the smugglers say it won�*t make any difference. translation: even if they send 1000 people a day to _ rwanda, they won�*t stop. people won�*t change their mind. they aren�*t afraid of dying, and if they are not afraid of death, they won�*t be afraid of going to rwanda. earlier this month, the plan was challenged in the high court in london. a ruling is expected later in the autumn. the united nations refugee agency says the uk government needs to change course.

the numbers are going up. the people who are taking these journeys are well aware that they are at risk of being transferred to rwanda — it's not stopping them. what is being achieved here? almost nothing. it's hugely expensive and the very high probability is that those that do come to rwanda will leave very, very quickly and we are right back where we started again. the government says the rwanda plan is legal and safe and will help fix the broken asylum system. it wants to stop the people smugglers and prevent further loss of life. but there�*s no sign of the plan working yet. the numbers arriving in the uk are still rising. this month, the number of arrivals by boat reached a new record. jane corbin, bbc news. and the report is broadcast tonight

on bbc one at 8pm, and there after it will be on the bbc iplayer. five rescue workers in the philippines have been killed in a typhoon that has left homes flooded and millions without electricity. they were washed away in flash floods while carrying out operations in the district of san miguel, north of the capital manila. the typhoon caused gusts of up to 149 miles per hour on luzon, where more than half of the country�*s 110 million population live. our correspondent laura bicker is in one of the worst affected regions, san vincente. so this is typical of many of the neighbourhoods in this area. as soon as you come off the main road, much of these small alleyways are flooded and it started around one or two in the morning neighbourhoods and they were swept

away in the rising floodwaters. in total, around 74,000 people were evacuated from their homes and taken to shelters. the red cross had shelters set up right across the country as this super typhoon crashed into the philippines. many were put up in small tents in churches and community centres, but as they woke up this morning this was the result. this is the main road to san miguel and as you can see, many people are out of their houses, they are spending time by the side of the road. they are all sharing food, they are all sharing information, people are going to relatives�* houses. i have been through some of the other neighbourhoods where we have had to wade through chest deep and many people there are on the roofs. they are passing food from roof to roof. that is the way they say they are going to have to live

until these floodwaters recede. many are unwilling to leave their homes because they fear they will be looted. we are waiting for an update from the disaster committee here in the philippines but so far the president has said he feels the country has got away quite lightly because the super typhoon formed so quickly before hitting and crashing into the philippines. he did have time to put out the warning and it seems that preparation has paid off on this occasion. but there is a wider message here, many people are telling me these storms are becoming more frequent, more intense and that for them is a concern. when i spoke to people earlier, they were not asking for new housing or better roofs or better facilities, the one thing they asked for was please tell the world we need to focus on climate change. in the last two weeks, ukraine has retaken huge swathes of the east that have been under

russian control. school teachers in these areas have described to the bbc, a systematic attempt to eliminate the ukrainian curriculum by force, including beating and deporting staff. such findings only worsen concerns for those who are still living in occupied territories and have beeen �*voting�* in the discredited referendums. the results of which are expected to be announced this week. our correspondent zhanna bezpiatchuk reports from the region of kharkiv. during any occupation, for the invading force, shaping young minds is often a key priority. this is an abandoned school in balakliya in the east of the country. the russian military tried to confiscate all ukrainian textbooks at this school, so some teachers tried to hide them here. this has been happening in all areas occupied by russia since last spring, a systematic strategy to impose their education system by introducing the russian curriculum. more than 100 kilometres north, in the town of vovchansk,

russian textbooks were brought in and ukrainian books destroyed. translation: we were told - to teach our students that ukraine is a territory of russia. the teachers who agreed to collaborate were promised career promotions and high salaries. 70,000—80,000 russian roubles. but in reality, many of them didn�*t even get paid. inna refused to collaborate and launched online courses for her students underground. but others were not so lucky. when lidiya refused to set up a russian school, she was detained for 19 days. despite her age she says she was made to kneel, she was beaten, she was humiliated and verbally abused. translation: a car pulled up and three masked men -

with assault rifles came out. they put a gun to my throat and tore apart my diploma as a teacher of the ukrainian language. they throw me into a cell. they didn�*t give me anything to eat or drink. i thought, no one knows where i am. my soul ached. the bbc asked the russian authorities to respond to lidiya�*s claims but they did not reply. but some parents did sign up their kids to these new schools. translation: parents _ were threatened that if they didn't send their children to schools run by russia, their kids would be abducted by russian soldiers.

now, only days after the russians have retreated, these students are free to study in ukrainian. but normality is a long way ahead for those whose lives have been so deeply affected by this war. zhanna bezpiatchuk, bbc news, kharkiv region. cubans have been voting in a referendum on legalising same—sex marriage. the proposed bill, which is supported by the government is part of a broad package of measures contained within whats known at the family code. but the referendum result could be tight, conservatives and the catholic and evangelical churches oppose the moves which would also allow gay couples to adopt. will grant has more among the first to vote was the cuban president miguel diaz canel and his wife, who came out in support of this raft of changes to the country�*s family code. the most noteworthy change would be the legalisation of same—sex marriages or civil unions.

it also would give the right to gay couples to adopt. president diaz canel said he expected the motion to pass, although he did recognise there could be a strong anti—government vote and said that, whatever the result, he felt it had been to the benefit of the nation to hold the conversation. this long document had been through more than 22 changes and been debated at community level town hall meetings. nevertheless, there will be significant opposition to these measures coming from a variety of quarters. one is the growing strength of the evangelical church notjust in cuba but across the caribbean and central america. as well, there is very ingrained conservative opinions in society in cuba, people who see this as wrong and have done for decades. let�*s not forget, in the 1960s and 1970s, cuba sent homosexual

people to re—education camps. and of course there is opposition from anti—government activists, who say this is simply an effort by the state to clean up its human rights image at a time when it has been clamping down on all forms of dissent. it should be a very close result either way and the final decision should be emerging in the coming hours. doncaster sheffield airport will close later this year. its owners, peel group, said earlier this summer that the airport is no longer viable, and today they�*ve confirmed that aviation services will start winding down from the 31st of october. our reporter in leeds tom ingall gave us more background it�*s a little bit of history first. doncaster sheffield, a fairly new airport in the north of england was opened on the old finningley airbase

which had closed in 1996and the airport got up and running 2005 and there was a bit of fuss because it was initially called itself the robin hood airport, a name that survives although in much smaller print than doncaster sheffield. the airport has had up and downs like all regional airports and they�*ve been badly hit by the pandemic although it did manage to do a very good trade in bringing in freight, particularly ppe from abroad to be distributed. but it was this summer when the owner said that the airport was not financially viable and since then there�*s been a lot of discussion with local authorities and we have an elected metro mayor and his office on friday put together a financial lifeline package that said, here is the money for the airport to keep going for another 12 or 13 months during which time we will have continuing discussions with a consortium that we believe we have waiting in the wings to come and buy the airport or means it has future as an airport. but peel have said that

without the details it would be irresponsible to accept public money, and therefore they want to start winding down aviation activity on the site from the 31st of october. we understand from discussions with the local chamber of commerce and that union that that is 800 jobs affected and the gmb union who we spoke to this morning understandably quite angry about the plans to close the site. we have hundreds of people that work in the different companies within the airport. i've had discussions today with members and shop stewards on site, and they are absolutely devastated, and angry. angry that the offer of public money was not, well, it hasn't even been considered. let�*s talk about some of the reaction we�*ve had coming in and there�*s enough paperwork to support a 747 in flight, but from the mayor�*s office, locally, they say

the fact that they�*ve chosen to turn down the offer confirms what many of us suspected, they were never serious about finding an alternative and safeguarding the future of doncaster sheffield airport. from the department for transport, we encourage local leaders and the peel group to work together to find a solution for the site that will benefit local people and the region�*s economy and there might be some people watching who have flights already booked in the future. the main operator from the site are tui and they say flights will operate until the last flight on the 4th of november 2022 and doncaster customers will be contacted to outline alternatives, amid options including transfers to another airport or a full refund for their holiday bookings. it is primarily a holiday airport although wiz were offering commuter flights to poland. the future for this extremely long runway which stands ready to serve now looks very uncertain.

reservoir levels might be struggling but that didn�*t stop 800 people gathering on exmoor to take on a seriously tough outdoor swim. for one father and daughter, yesterday was a physical and emotional challenge. john henderson was at wimbleball reservoir near dulverton to see the action. it�*s not for the faint—hearted. for simon and 11—year—old olive durie from bristol, a one kilometre swim is a must. it was really good to be with everybody and remembering today. last year wife and mum helen completed the four kilometre swim here. she was entered to compete this year but died of a brain tumour earlier this year. she died completely out of the blue on the 6th of february, which was a real shock for us. but we are remembering mummy, we are keeping her in our heart

and taking her on all of our adventures. completing the various distances at the exmoor swim is a challenge facing all 900 entrants. many do it without wet suit. imagine swimming six kilometres, over three miles in the water for possibly up to two hours in just trunks or a costume. it was a shame to get out. i wanted to carry on. it has just been a great day. another challenge this year, for its sixth year, has been the water level. there is a hosepipe ban in force in cornwall and parts of north devon, and here it is obvious to see why. the lake is almost three quarters empty. the real problem was to get people over the mud, and that was the issue so they went down a pontoon, hopped off the other end, did their business and came back. many swimmers will be back for more next year. as for simon and olive,

what would helen think? she had signed up for the six kilometre, and she would have been screaming and shouting and so proud of us. yeah. the bouquets of flowers left to honour the queen will be one of the overriding memories of london in the days following her death. hundreds of thousands of people travelled to green park and hyde park to leave their tributes in the dedicated floral areas. today work has begun, to move them to kensington palace gardens where they�*ll be used as compost. as luxmy gopal reports — it�*s all being done in a very traditional way. these shirehorses were part of the platinum jubilee celebrations, they were at the royal windsor horse show. and today they are here in green park for yet another royal duty, this time part of the process to turn these floral tributes left here by people as tribute the queen, they are here to play

a part in the process of turning them into a way of helping new life flourish. to explain what i mean, we can speak to park just explain what is going to happen to these flowers ? so, or the green waste in the royal parks tends to get composted, shredded and then composted and reused in all of our flowerbeds across the royal parks. it is notjust a case of taking everything and putting them on the back of a trailer? one thing we requested when we created the garden was for people to take the flowers out of their wrappings, and that so, all of our volunteers from

the royal parks charity are here thank you, and it is rather fitting that these flowers and tributes left after the queen�*s death to honour her life will now be used to help generate new life. this now it�*s time for a look at the weather this now it�*s time for a look at the weather with sarah keith lucas a spell of typically autumnal weather in the next few days with blustery winds and plenty of showers as well. this was the picture earlier on today and the wind whipping up the waves and some shower clouds around and similar scenes across coastal areas. and over the next few days the theme continues and it is looking quite cool and windy with plenty of blustery downpours around as well. here is the main band of rain that brought rain overnight to many and that has cleared the south coast, so we are left in a north westerly airflow, and these wind arrows go all the way to the arctic introducing a colder burst of air that we see at the moment. plenty more showers as we head through the afternoon and evening. most frequent for northern and eastern scotland,

but some in parts of eastern england, wales and northern ireland as well and the strongest of the winds will be close to the coast, gusting around 50 mph, but even in land we will see gusts up to about 30 mph, so temperatures at 6pm between eight or 15 degrees but feeling colder when you add in the wind—chill. through the evening and overnight, we keep heavy showers, particularly for the north and east of scotland with the wind picking up overnight and gale force gusts, still breezing through the irish sea, more showers around towards the west, but clearer skies in the east, so temperatures falling to 4 or 5 degrees to start tuesday morning. tomorrow will be pretty similar to today because we have a low pressure sitting out on the east and quite a few isobars on the map and winds coming in from the north—west again. but they will ease a bit for most of us compared to today and it stays

very windy across the north and north—east of scotland. still frequent showers but not quite as many as we see out there today and perhaps a bit more persistent rain on the far south—west later on. temperatures between ten and 16 degrees but a noticeable blustery breeze. looking through wednesday, low pressure not far away, so showers around, particularly for eastern areas in the course of wednesday and towards the south and west, you are likely to stay dry and the wind is easing compared to today and tomorrow. so temperatures between 13 and 16 but not so much of a noticeable wind—chill. and unsettled towards the end of the week with many of us likely to see heavy and persistent rain during friday. goodbye.

this is bbc news, i�*m shaun ley. it is for pm. the headlines... a sharp fall in the value of the pound leads to predictions that the bank of england will raise interest rates sharply. but ministers insist that they will press ahead with their economic plans. what you... to do about the turmoil in the markets i�*m not going to make any comment now. they are meeting for their annual conference. the message from financial markets was clear on friday. and this morning, that message is even more stark. coming up... we�*ll be live in liverpool and speaking to labour, who�*ve been setting out their economic plan and

promised they�*ll bring back the top rate of income tax to fund more nhs staff. our other top stories this afternoon... two boys, aged 15 and 16, have appeared before magistrates in leeds charged with the murder of khayri mclean, who was stabbed outside a school in huddersfield. a moment of history in italy — georgia meloni looks set to become its first far right leader since the second world war and its first female prime minister. doncaster sheffield airport is to close. its owner, the peel group, has blamed a "fundamental lack of financial viability". and nasa prepare to crash a space probe into an asteroid to find out how hard it would be to save the planet.

good afternoon. if you have just joined if you havejustjoined us, a warm welcome. the pound fell overnight to its lowest level against the dollar for half a century. asian markets were reacting to the government�*s announcement last week of tax cuts and increased borrowing to pay for them. the asian markets were closed by the time the chancellor made his mini budget announcement on friday. at one stage sterling plunged to around $1.03, but has now made up this morning�*s losses, amid market speculation that the bank of england will be forced to raise interest rates more sharply than previously anticipated. our business correspondent, theo leggett, reports. the pound, the centrepiece and symbol of our economy, has been tumbling — against the dollar, the euro and the japanese yen. and that affects our daily lives. a great deal of what we buy, from the fuel in our cars to the clothes we wear, to the food we eat, comes from abroad, and when the value of the pound goes down, the cost of those imports goes up,

and what that means is that prices go higher, and the pound in your pocket won�*t go as far. the currency fell dramatically on friday and dropped sharply again this morning, touching its lowest level ever — just above $1.03 — before recovering some ground. here is why. on friday, the chancellor abandoned planned tax rises and announced a swathe of tax cuts instead. 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 just a few months�* time. it is all to boost growth, but it means a great deal of extra borrowing and experts say that is making investors queasy. we had a budget on friday in which we saw a lot of tax cuts, but unfortunately that means that the government will have to issue an— awful lot more debt, and that is something which the market is finding it difficult to swallow.

uk fundamentals right now, a lot of debt, a recession and of course high inflation, and that is something that investorsjust don't like. this business in kent sells fruit crisps. it imports citrus fruit, pineapples, kiwis and melons from europe and south america, most of which is paid for in dollars. it will have almost an instant effect, within a week or two, on the prices we are paying for our fresh fruit. this in turn will have an impact on any new business we take on — some of the old businesses we are in contract with and we can�*t just change our prices, so that will hit our bottom line. but new businesses, we will have to increase our prices, and that means stunting growth, iimagine. experts say the bank of england may have to increase interest rates again sharply to help stabilise the currency. the former deputy governor of the bank, sirjohn gieve, says policymakers will be concerned. i think i would be worried. the bank and, indeed, the government

have indicated that they are going to take their next decision in november, and publish forecasts and so on at that point, and the worry is that they may have to take action a bit sooner than that. this morning, the chancellor was staying tightlipped about his intentions. i am not going to make any comment now. but on the financial markets, what he had to say on friday is continuing to resonate. theo leggett, bbc news. let me show you all of those pictures of the chancellor, kwasi kwarteng, being asked for reaction about the all—time low in the pound as he headed to his office in the treasury this morning. chancellor, what are you going to do about the turmoil on the markets this morning, sir? i�*m not going to make any comment now. what about the city? what conversation are you having with the bank of england, sir?

what do you have to say about everything that thanks. that was the chancellor this morning. we have heard all afternoon from our economics correspondent, andy verity, but let�*s talk about some of the explanations and analysis of some of the words you might hear a analysis of some of the words you might heara lot analysis of some of the words you might hear a lot of over the next few hours. let�*s start with a "weak or strong currency" — it might seem obvious, but this is to do with the fact that currency has a price on the international markets.

when the price is high, the currency is seen as strong. it doesn�*t mean that a "strong currency" can�*t have some disadvantages. next, "currency speculation." this is notjust the buying and selling of a currency on the international markets. it�*s when brokers buy or sell with the intention of guessing whether a currency will rise or fall in value — they obviously make money if they get it right. effectively it is a bet. that takes us to "shorting the pound." here, shorting means selling. shorting the pound means taking a position that will earn you a profit if the value of the pound falls against other currencies. that presumes you have predicted successfully. so who is doing the buying and selling? the "international financial market" is made up of a variety of institutions such as banks, investment firms, pension funds and so on — some of them will be doing it purely for the purpose of speculation. others are doing it for investment

purposes. finally, "parity" — that�*s when a single unit of a currency has equal value to a single unit of another currency — overnight, the pound almost reached parity with the dollar. £1 was worth $1.03. labour is meeting in liverpool for its annual party conference. labour say the government has "spooked the markets" with a "reckless gamble" on tax cuts paid for by increased borrowing. earlier, the shadow chancellor rachel reeves has been setting out labour�*s economic vision at the party�*s conference in liverpool. she said a labour government would bring back the 45p top rate of income tax and use the funds to boost nhs staffing numbers. our political correspondent, ione wells, reports from liverpool. who would want to be the chancellor right now? she does. thank you! things are looking choppy. the pound reached a record low against the dollar, inflation is high, interest rates are up, and energy prices soaring. rachel reeves claims the chancellor has fanned the flames of

the fall in the pound by suggesting more tax cuts are coming. on friday the chancellor had an opportunity to set out a serious response to the cost of living crisis. and he failed. what did we get instead? a tax cut for the wealthiest 1%. the message from financial markets was clear on friday. and this morning, that message is even more stark. sterling is down. that means higher prices, as the cost of imports rise. government insiders want to ride this out, arguing tax cuts are part of their plan to grow the economy long—term. here is our alternative. our green prosperity plan, to provide the only sustainable solution to the energy crisis, to free ourselves from dependence on russia, to invest in solar, in wind,

in tidal, in hydrogen and in nuclear power, and to pass on to our children a fairer and a greener country. labour committed to keeping some of the tax cuts, but ditching those for the top earners, to bolster the nhs. the 45p top rate of income tax is coming back. applause and cheering. and here�*s what we will do with that money. the next labour government will double the number of district nurses qualifying every year. applause. we will train more than 5,000 new health visitors. applause. we will create an additional 10,000 nursing and midwife places every year. applause. labour want to define themselves as the

party of fiscal responsibility — in plain english, they argue that they would strike a better balance between public spending and tax. speaking to shadow ministers here, as well as concern about the economy, they are buoyant, saying they can�*t quite believe the opportunity they�*ve been handed by the government to draw a clear dividing line between them on the economy. but to make any of their plans a reality, they will need to do more than just criticise. they will need to convince the public their economic plan is the right one, and that will mean winning over more than just crowds here. ione wells, bbc news, liverpool. also liverpool is damian grammaticas. how much is the political situation changed as a result of what the chancellor did on friday? i think certainly what we can say is that the whole context of the sort of atmosphere in which this party conference and the one we will see

in a week�*s time when the conservatives gather for their annual conference, that whole atmosphere has shifted markedly. and it is notjust what atmosphere has shifted markedly. and it is not just what was atmosphere has shifted markedly. and it is notjust what was said on friday, but also the fact that you have a new prime minister, a new chancellor, a new direction for the government economically on tax, which is pretty different from what you saw under borisjohnson and for labour that sort of sits now and sits there while they are here having this conference and enables labour, has enabled the shadow chancellor, as you are hearing there, do try to define herself and labour more starkly in contrast to the conservatives, so interestingly we heard her talking about the fact that labour, she said, would not waver in our commitment to fiscal response ability, every policy in line in our manifesto would be carefully costed and fully funded, that being a reference to the fact that being a reference to the fact that what we heard on friday, those tax cuts did not come as a full

budget and did not come with therefore the costings and the numbers done by the office for budget responsibility that would lay out those figures and that is part of the reason any watching the markets think that the markets have been so concerned because they look at this and i worried about what those costings might be, they don�*t have the hard figures. labour saying it would try to do something differently, saying that it would also try to shift the focus away from tax cuts stimulating growth to investing in green energy businesses. but the sums they are talking about there are about 8 billion into a green energy programme, 2 billion from reinstating that top rate of income tax, they are talking about pumping it into the nhs. there is a relatively low figures, but they are talking about laying out a store with much of the canvassing still need to paint in.— need to paint in. that is the difference _ need to paint in. that is the difference here, _ need to paint in. that is the difference here, in - need to paint in. that is the difference here, in many. need to paint in. that is the i difference here, in many ways need to paint in. that is the - difference here, in many ways they may well be questions over how much confidence people have in the

government�*s economic plans, but it is going to be hard for labour to generate confidence in its own plans when there are so many uncertainties over what it might inherit, if it wins the next election?- over what it might inherit, if it wins the next election? yes, there are hue wins the next election? yes, there are huge uncertainties. _ wins the next election? yes, there are huge uncertainties. there - wins the next election? yes, there are huge uncertainties. there are. are huge uncertainties. there are uncertainties generally about the global economic situation, uncertainties about the domestic situation, we have seen that in the markets, the value of the pound, what has been happening in the last few days and then uncertainties about what will happen with energy prices in the coming months over this winter. many, many reasons to be uncertain. what is interesting, though, against that backdrop and what you get here, a sense amongst the delegates, from the platform, from the mps who are here, the labour mps and labour leadership, is a bit of a sense of sort of, you know, that they are feeling that things are perhaps moving for them and they feel they sort of sense of more energy, if you like, in their

platform. the speech from rachel reeves, there were standing ovations when she said that labour is becoming the party of economic competence and socialjustice. i think what the labour party will hope his some of that sense they get from their own delegates here can be translated wider. the government, interestingly, has been sticking to its message, saying that, you know, the tax planet has is one for the medium—term, that is its aim, to push through measures. remember, we had liz truss saying she would be prepared to do things that might be unpopular, might be tough things to do because the government believes those can deliver in the medium term. at the moment we see a lot of turbulence right now. this term. at the moment we see a lot of turbulence right now.— turbulence right now. this question of turbulence _ turbulence right now. this question of turbulence is _ turbulence right now. this question of turbulence is very _ turbulence right now. this question of turbulence is very interesting - of turbulence is very interesting because as you have been speaking we have had a couple of announcements from the treasury, so forgive me for blind siding you with this and you�*re perfectly entitled to say, i cannot say anything useful about this, but i will give you the information so people at home have

it as well. the treasury has just announced kwasi kwarteng will give a medium—term fiscal plan on the 23rd of november. it adds that the treasury will hold a budget, a full budget in the spring of next year. i mean, it is hard to avoid assuming that these announcements are being made in response to the volatility. one wonders, though, i was listening to gerard lyons at lunchtime on radio four saying, the chancellor now has to reassure the markets now that he knows what he�*s doing and you try to calm some of this turmoil. the question is whether saying, i will come back to you on that in the middle of november and you will get even more information in the spring and by the way we�*re not going to do a spending review, whether when you take all that together that is enough to offer them reassurance?— together that is enough to offer them reassurance? well, i think those will questions _ them reassurance? well, i think those will questions that - them reassurance? well, i think those will questions that people j those will questions that people will say, the markets may well decide because they will, they have now weeks until the middle of

november and it is interesting. when the chancellor stood up and laid out his new tax plans, following that, within minutes of that there was a briefing from his team and i was at that briefing and some of the questions that were put to them were precisely about this. when are we going to get the figures? why have you not given the figures yet? when will there be a detailed plan laid out? what are your timings for this growth you want to see when you save the medium term, how long ways that? what is the growth target you think you can hit? they had no answers for those things, except to say that there would be a new budget sometime in the coming, in this financial year, which if we are now being told it is in the spring, but is towards the end of the possible time frame, so that is already relatively far off and november is perhaps for many will feel still relatively far off to get that medium—term outlook that the chancellor might be saying he will give. we know that the office

for budget responsibility, which will sort of run it�*s finger over all of these numbers and give an independent assessment of what the outlook means, they have said it will take ten weeks, i think, is the figure may have given, so it may be something to tie to that sort of timetable. the question given to the chancellor�*s team was, the op! were offering to do that already and have said they could have produced one pretty quickly. —— b:o.b i were offering this. why did you not have an already? the answer was we needed to do something quickly to get this plan out there and the number will come, but as we have seen in the last few days the market and reaction can move very quickly while we wait for those numbers to be delivered. ., , ., ., , delivered. damian grammaticas, i think there _ delivered. damian grammaticas, i think there is _ delivered. damian grammaticas, i think there is going _ delivered. damian grammaticas, i think there is going to _ delivered. damian grammaticas, i think there is going to be - delivered. damian grammaticas, i think there is going to be lots - delivered. damian grammaticas, i think there is going to be lots forl think there is going to be lots for labour representatives to talk about in the bars tonight in liverpool and a lot more for labour politicians to react to. for now, thank you very much. let me bring you that statement to the treasury has just

issued. it says it is for an immediate release update on the growth plan in plantation. it said the government made an announcement on friday, we know all that, building on this, it says, cabinet ministers will announce further supply—side growth measures in october and early november, changes to the planned business, agriculture productivity, innovation and structure. no surprise, however, it then says the chancellor will set out his medium—term plan on the 23rd of november, so that gives us a date. as damien was saying, it was a bit vague about when these extra details will be coming, we�*re going to get quite a lot in that, it seems. this fiscal plan will set out further details on the government�*s fiscal rules. as you may remember he has effectively dropped the rules he inherited from rishi sunak. including, it says, ensuring that debt falls as a share of gdp in the medium term. i say abandon the rules, some of them were suspended and we will now know which of them

are going to be applied and which changed, so that is going to be coming on the 23rd of november and then picking up on this really important point about the office of budget response ability, a this is a new innovation introduced by the conservative government back in 2010 by the then chancellor, george osborne, its purpose was to give credibility to any announcement on government credibility, so it is going to have an independent body called the office for budget responsibility, we will not have any control over it, but guess what, the obr, despite the fact they said they could have done a rushjob, they were not asked to do one on the plans on friday, but now the chancellor says there will be a obr forecast this calendar year and he has requested the obr does it alongside the fiscal plan on the 23rd november, so he has now gone back to the obr and said, actually, we do want this and can you do it? obviously between them they have agreed a date that works. he could have left for the rest of the

calendar year, have left for the rest of the calendaryear, but have left for the rest of the calendar year, but the end of november, he has given us a date now. then chris phelps said this weekend in interviews that the government was sticking to spending review period, so in other words it is not amending its spending plans, so any changes as a result of tax cuts or indeed boring and increased borrowing costs, if there are increased borrowing costs, we are going to have to wait for the budget in the spring, which will also have a further obr assessment attached to it. they are both quite significant announcements, actually. the question is, will they help to calm the markets or will people come back and say, that is not enough, we want more? in the next 20 minutes or so, we�*re going to be answering your questions on the pound and why it tumbled and whether it has recovered a bit again. that answering in your questions answered at 4:30pm. we are already had quite a lot of questions in, but get in touch on the details on the screen below. either by

e—mail or by social media. doncaster sheffield airport is to close later this year. that announcement came from the peel group, its owner. earlier in the summer the group had said it was not viable any longer, but today they have said the aviation services will begin to wind down from the 31st of october. in leeds tom ingall gave us gave us more. gave us more. a bit of history first of all, doncaster _ gave us more. a bit of history first of all, doncaster airport _ gave us more. a bit of history first of all, doncaster airport a - gave us more. a bit of history first of all, doncaster airport a fairly i of all, doncaster airport a fairly new airport, opened on the old filling the air base which had closed in 1996, the airport got up and running about 2005, there was initially a bit of fuss because it originally called itself a robin hood airport, a name that survives to this day, although in much smaller print than doncaster sheffield. it has had its ups and downs like all regional airports over the last years, particularly

badly hit by the pandemic, although it did manage to do a good trade in bringing trait, particularly ppe, from abroad, to be distributed, but it was this summer when the owner of the fell pony peel group said it was not financially viable, since then there has been a lot of discussion and we had an electoral mayor here on thursday and put together a lifeline package, which essentially said, here is the money for this airport to keep going for another 12-13 airport to keep going for another 12—13 months, during which time will have continuing discussions with the consortium we believe we have waiting in the wings to either buy the airport or take it over and may have some sort of longer term future as an airport. but the peel group have rejected that offer, saying that the details of this it would not be responsible to accept public money and they therefore want to start winding down aviation activity on the site for the 31st of october. we understand with discussions with the chamber of commerce and the union, that is around 800 jobs that are affected. we spoke to the gmb

union this morning and they are understandably quite angry about plans to close the site. we have hundreds of people at work in the _ we have hundreds of people at work in the different companies within that airport. i have had discussions today— that airport. i have had discussions today with — that airport. i have had discussions today with members, with shop stewards— today with members, with shop stewards on site and they are absolutely devastated. and angry, angry— absolutely devastated. and angry, angry that the offer of public money was not _ angry that the offer of public money was not... well, it hasn't even been considered — was not... well, it hasn't even been considered-— considered. let's talk through some ofthe considered. let's talk through some of the reaction _ considered. let's talk through some of the reaction we _ considered. let's talk through some of the reaction we have _ considered. let's talk through some of the reaction we have had - considered. let's talk through some of the reaction we have had coming| of the reaction we have had coming in. frankly enough paperwork now to support a boeing 747 in flight, but from the mayor�*s office locally, the mayor says, the fact they have chosen to turn down our offer simply can confirms what many other suspected, peel group was never set on safeguarding the future of doncaster airport. another person says we strongly appeal to peel

group to work together to try to benefit the region�*s economy and local workers. there may be some people watching this you have flights already booked into the future. the main operatorfrom flights already booked into the future. the main operator from the site are tui and they have said to us... we are operating ourflights is planned for the 4th of november and passengers will be contacted in the coming weeks to outline alternatives, which will include a possible transfer to another airport or indeed a full refund. it is primarily a holiday airport, although until recently there were regular commuter flights towards poland, and the future for this airport with an extremely long runway would stand still ready to serve now looks very uncertain. tom inaall four serve now looks very uncertain. tom ingall four look— serve now looks very uncertain. tom ingall four look north _ serve now looks very uncertain. tom ingall four look north are talking to us a little earlier. two teenagers who been taken to magistrates�* court aged 15 and 16 charged for murder and possession of a bladed article. earlier danny savage gives an update from outside

the magistrates�* court. because of the age of the respondents, this was sitting at a youth court this afternoon. khayri mclean was 15 years old and died last wednesday in huddersfield after being attacked shortly after the school day had ended at the school, just a short distance from there and this happened with lots of other children coming out of school and despite the best efforts of teachers and paramedics, he died a short while later in hospital. an investigation was then launched by huddersfield police and since then a 15—year—old and a 16 would have been arrested, they were questioned throughout the weekend and last night she huddersfield police said

they had charged both teenagers after their investigations and today both of them appeared here at the youth court at leeds magistrates�* court, both charged with murder and possession of a bladed article, but they jointly murdered khayri mclean and jointly had without good reason in a public place a knife. they have both been remanded in custody and will appear before leeds crown court in two days�* time on wednesday, so this investigation continues, but the two teenagers under arrest, a 15—year—old and a 16—year—old, both formally charged with murder and possession of a knife today and they will appear in leeds crown court on wednesday. danny savage. the pier who organised the queen�*s funeral has been banned for driving for six months. despite claiming he needs his license to arrange the coronation. mr howard pleaded guilty to using his mobile phone behind the wheel. he already had nine penalty points for previous driving offences. jon donnison, our correspondence, joins me. tell me more about this. correspondence, 'oins me. tell me more about this.— more about this. edward fits alan howard, more about this. edward fits alan howard. the _ more about this. edward fits alan howard, the duke _ more about this. edward fits alan howard, the duke of _ more about this. edward fits alan howard, the duke of norfolk, - howard, the duke of norfolk, perhaps, a particularly well—known figure in the last week for his role in organising the queen�*s funeral. the court heard today that he was spotted by police in battersea in

london in april driving his bmw driving through a red light while on his mobile phone. the court was told he told police he was speaking to his wife. he had nine points on his licence already because of two previous speeding offences. this would have involved a fifth penalty, meaning a ban, and he did plead guilty, but his employer said that because of an exceptional hardship a ban would cause, particularly in relation to his role in organising king charles�*s coronation at some point, that a ban would not be appropriate. the magistrates�* court rejected that, the magistrate said... we accepted that this was a unique case because of the defendant�*s role in society, in particular in relation to the king�*s coronation, but the hardships must be acceptable, we don�*t find it exceptional hardship, so he will face a six—month ban. one interesting point. at one point the journalists were asked to leave the court when they were discussing king

charles�*s coronation, such was the secrecy of those details on when it might occur. ila secrecy of those details on when it might occur-— might occur. no spoilers on that one, might occur. no spoilers on that one. then- _ might occur. no spoilers on that one, then. thank— might occur. no spoilers on that one, then. thank you _ might occur. no spoilers on that one, then. thank you very - might occur. no spoilers on that| one, then. thank you very much, might occur. no spoilers on that - one, then. thank you very much, jon donnison. italy looks to have its first far right leader since the second world war. to become its first far right leader since the second world war this and its first female prime minister. cheering and applause. a political minnow four years ago, giorgia meloni is now on course to become italy�*s first female prime minister, her rise being watched by all of europe. translation: italy has chosen us. it is important to understand that if we are called to govern this nation,

we will do it for all italians, with a clear objective of uniting the people because the great objective that we have always had as a political force is that of ensuring italians may once again be proud to be italians. this woman has run her bar in her village for 15 years. in this part of northern italy, they often look to the right, but not long ago, meloni�*s party barely registered here. translation: here with the clients i feel she is popular. _ meloni is the one who has promised more support. it is important to see if they keep their words. hearing people here, they need to be helped. pensions are too low, the cost—of—living is rising, we simply can't live like this. a wealthier part of italy, here meloni�*s tax cut plans went down well. she also wants a naval blockade of libya to stop migrant boats and is against advancing lgbt rights. her party has neo—fascist roots, although it is a label she rejects. as a politicalfigure, she divides. from the point of view, for example, of many civil rights or women�*s rights or human rights, i don�*t think she is very open. translation: i am happy because this is a change. i we will see.

and it is also important that for the first time we might have a woman in italy as prime minister — that is something new. in italy, history is all around you, but if today is an historic one, many voters don�*t actually seem that excited. they are worn down, they say, by the volatility of italian politics. also cynical about the promises politicians make. the success of giorgia meloni�*s campaign is big news for italy and for europe, but the realities of government can be rather different. translation: it is a historical l turning point, but the uncertainty is that her allies are very weak, which could potentially compromise her ability to govern. allies that include men who have held pro—kremlin sympathies. brussels will be avidly reading this election to see if meloni�*s history of euro—scepticism translates to the present. in this, the eu�*s third largest

economy, any frayed politics are felt far beyond. jessica parker, bbc news, verona. time for the weather forecast. afternoon to you. has it been drizzly and cool everywhere in the uk? ~ .,, drizzly and cool everywhere in the uk? ,, drizzly and cool everywhere in the uk? , , drizzly and cool everywhere in the uk? most places i seen outbreaks of rain toda . uk? most places i seen outbreaks of rain today- we _ uk? most places i seen outbreaks of rain today. we have _ uk? most places i seen outbreaks of rain today. we have had _ uk? most places i seen outbreaks of rain today. we have had scattered i rain today. we have had scattered showers that have moved through on a brisk breeze, so it�*s blustery, colder than it husband and feeling pretty autumnal at the moment. the next few days we will keep with that theme, it is cool and breezy with further blustery showers and as we go into the evening hours most of the showers will be across northern and eastern scotland where it will turn windy. one or two further south for parts of northern ireland into wales, the midlands as well, but eastern england is where you have the clearest skies, so down to four or 5 degrees, but most were staying in double figures further west so a frost free starting tuesday and

similar to today and that we will see sunshine but showers moving through on the north—westerly winds. they ease for most of us but it will stay very windy across the north—east of scotland, especially for tuesday morning. top temperatures between ten and 17 degrees but feeling cooler with the wind chill. quieter through the week wednesday and thursday, not as breezy, drier, but expect a return to heavy rain by friday. the latest headlines. a sharp fall in the valley of the pound leads to predictions the bank of england will raise interest rates sharply. the chancellor, kwasi kwarteng, said hayward set out a medium—term fiscal plan along with the forecast from the office for budget responsibility which did not comment on what had happened and was not asked to comment on the announcement on

friday. rachel rowe set out the alternative economic vision and that the labour government would bring back a top rate of income tax to fund more roles in the nhs —— rachel reeves. two boys aged 15 and 16 have appeared before magistrates in leeds today charged with the murder of khayri mclean who was stabbed outside a school in huddersfield. a moment of history in italy — georgia meloni looks set to become its first far right leader since the second world war this and its first female prime minister. doncaster sheffield airport is to close. its owner, the peel group, has blamed a "fundamental lack of financial viability". it now says services will be wound down from the end of october. tiktok is facing a fine of £27 million for failing to protect the data of children of under 13—year—olds without their parents consent.

let�*s start with the mounting concerns over worcester warriors. players and staff had been told to collect all of their belongings from the stadium before half past four when the gates would be locked. that time has passed and we are approaching the 5pm deadline set by the rfu for the club to show they have got enough money to continue, otherwise the premiership side faces being suspended from all competitions. worcester warriors have been served with eight winding—up petition over an unpaid £6 million tax bill and are thought to have total debts of £25 million. there is no place for veteran scrum—half danny care in the mini training camp ahead of the autumn internationals but eddiejones insists the door is open for a return of the future. we had been recalled for the summer series in

australia stop ben youngs did not travel but has returned to the squad. danny choo alario is back in the fold after a knee injury as his son simmons and there are also first—time call ups for alex coles and hugh tizard. trent alexander—arnold is not in the england squad for two match against germany. he was an unused substitute in their last game against italy on friday and has madejust in their last game against italy on friday and has made just one international appearance this year. brentford striker ivan toney is in line to make his international debut. it comes as the pressure continues to mount on gareth southgate. england are struggling at the moment and have failed when any southgate. england are struggling at the mome five id have failed when any . .. .. ..t.°.. .. .. .. .. . 5 " " "tarragon; " ' 5 " " "ts't'hgggcanitrgr ' to zto - i'm the manager 1 to - i'm the manager and that to italy. i'm the manager and the results _ that to italy. i'm the manager and the results have _ that to italy. i'm the manager and the results have not _ that to italy. i'm the manager and the results have not been - that to italy. i'm the manager and the results have not been at - that to italy. i'm the manager and the results have not been at the i the results have not been at the level we want and that we require.

so no matter whatjob you have in football, that would be the case. of course with the national team, the noise is even louder and more widespread, and i totally understand that. so i�*m not hiding from that. it's that. so i�*m not hiding from that. it�*s a situation that we are not enjoying, not winning football matches. ., :: matches. eight of the 20 premier lea . ue matches. eight of the 20 premier league clubs _ matches. eight of the 20 premier league clubs are _ matches. eight of the 20 premier league clubs are being _ matches. eight of the 20 premier league clubs are being urged - matches. eight of the 20 premier league clubs are being urged to i league clubs are being urged to ensure they pay the real living wage to their staff. the other 12 say they are accredited living range foundation employers or pay the real living wage to all staff including subcontractors such as caterers, cleaners and stewards. alistair mcgowan is across the story for the bbc. i guess it is a choice of where you spend your money for the clubs themselves. this you spend your money for the clubs themselves-— themselves. this comes after the real livin: themselves. this comes after the real living wage _ themselves. this comes after the real living wage went _ themselves. this comes after the real living wage went up - themselves. this comes after the real living wage went up by - themselves. this comes after the real living wage went up by 10% i themselves. this comes after the i real living wage went up by 10% for organisations and that was £210 90 an hour out of london and £11 in london. so we asked all the premier league clubs if they paid the wage

to all of their staff and 12 come back and said they did to all of their permanent staff and subcontractors and that is an crucial because it includes stewards, caterers, cleaners that come into the club on match days. and there will be more at half past six on the news channel. england captain heather knight insists india made no attempt to warn charlie dean before her run out in the one—day international at lord�*s on sunday. dean was repeatedly worn during the innings about leaving her crease early prior to the runner, which did seal a victory for the tories. knight has counted this saying there was no warning and she added that the win was legitimate and that india should not feel the need to justify it by lying —— for the tourists. ahead of the rugby league world cup in november, craig richards has named a 24 player squad with 18 coming from leeds rhinos and saint helens. tara jane stanley is in as ourformer woman

saint helens. tara jane stanley is in as our former woman of steel award winners, jodie cunningham, giorgio roach and courtney winfield hill. leeds rhinos�*s oie hornby giorgio roach and courtney winfield hill onlyds rhinos�*s oie hornby .. .. . ~ — giorgio roach and courtney winfield hill only ds r match layer ornbfher~ —— . . ~ — player of the match performance against saint helens. mathieu van der poel has pleaded guilty to assaulting teenage girls in sydney australia the night before the men�*s world championship road race stop the dutch rider was charged with two counts of common assault and fined 1500 australian dollars. this was after a confrontation with the girls aged 13 and 14. his lawyers say he will appeal against the conviction but has been allowed to leave australia after being given his passport. that is all the short —— sport now. in a few moments, we will be answering your questions about the pressure on the pound, although i have to say developments in the last out might alter some of the answers. some breaking news from the

governor of the bank of england. i�*m governor of the bank of england. i'm afraid governor of the bank of england. in afraid to say doesn't change the afraid to say doesn�*t change the picture that much at present but it might in the future. here�*s the statement from the governor of the bank of england. the bank is monitoring developments in financial markets closely in light of the significant repricing of financial assets. it goes on to say in recent weeks the government has made a number of important announcements and it lists them including the energy price guarantee, saying that will reduce the near—term peak in inflation said last friday the government announced its growth plan on which the chancellor has provided further detail today. they then go on to say that the role of monetary policy is to ensure demand does not get ahead of supply in a way that leads to more inflation over the medium term. as the mpc has made a clear, it will make a full assessment in its next scheduled meeting goes on to say the mpc will not hesitate to change interest rates by as much as needed to return inflation to the 2% target. those

are the key parts of the statement from the governor of the bank of england coming in the last few minutes. i should say the pound remains very weak against the dollar, around 1.06 as we speak, and what analysts are reading into the statement is the usual kind of first step you see from a bank at times of market volatility. they put out statements to reassure people but there are hints in that that we will see interest rates further and faster than predicted just perhaps a week or two ago. some economists say week or two ago. some economists say we could see the base rate topping 6% now by next summer, partly to combat the inflationary pressures that the mini budget could unleash, but also to stabilise the currency. the higher the interest rate, the higher typically the amount investors want to put in a country. . do stay with us.

the pound touched a record low against the dollar is as the markets reacted to the biggest tax cut in half a century. many have you have been getting in touch to find out how it might impact on you, first, let�*s look at some of the most important question is being searched online at the moment. why is the pound falling and what happens when sterling falls, what does a weaker pound mean, and why is it so weak? and what does parity mean? let�*s talk to some guess who might help with all of that. patrick reid from the adamis principle specialises in currencies. tom selby is a finance expert at the accountants aj bell. and we�*rejoined by our economics corresondent, darshini david. explain why the pound is falling and

what we mean by a weaker pound as opposed to a currency that we would describe as strong? the opposed to a currency that we would describe as strong?— describe as strong? the pound is callin: for describe as strong? the pound is calling for a _ describe as strong? the pound is calling for a number— describe as strong? the pound is calling for a number of— describe as strong? the pound is calling for a number of reasons. l calling for a number of reasons. firstly the fundamentals in the uk are pretty dire. real wages are really, really poor. the outlook is dire too. andrew bailey, the governor of the bank of england, said himself in the next five quarters it will be negative and that sounds like circulation. we have rising cpi and... consumer rice have rising cpi and... consumer price index- _ have rising cpi and... consumer price index. the _ have rising cpi and... consumer price index. the basket - have rising cpi and... consumer price index. the basket of - have rising cpi and... consumer. price index. the basket of goods, stuff is really _ price index. the basket of goods, stuff is really expensive - price index. the basket of goods, stuff is really expensive and - price index. the basket of goods, stuff is really expensive and all i price index. the basket of goods, j stuff is really expensive and all of this along with what happened on friday, the bond market rout. gilts fell so low, and that is the main reason for the, which was exasperated by ijust said, was because no one believes in

government debt. the bond market in the uk, investors are selling it because they do not believe the fiscal plan that the government has set out. �* . �* , fiscal plan that the government has set out. �* ., �*, ,., ., , set out. and that's potentially the most damning _ set out. and that's potentially the most damning thing, _ set out. and that's potentially the most damning thing, because - set out. and that's potentially the | most damning thing, because that lack of confidence. explain when patrick mentions the bond and gilt markets, it�*s complicated but it would be good for people to have an idea. ~ ., ., .~' would be good for people to have an idea. ~ ., ., .~ , would be good for people to have an idea. . ., ., a , ., idea. what patrick is referring to is --eoles idea. what patrick is referring to is peoples confidence _ idea. what patrick is referring to is peoples confidence in - idea. what patrick is referring to is peoples confidence in the - idea. what patrick is referring to is peoples confidence in the uk, | idea. what patrick is referring to i is peoples confidence in the uk, so their willingness to pay for government debt and invest in government debt and invest in government debt and invest in government debt on the amount that the government at all cost. when people _ the government at all cost. when people are — the government at all cost. when people are confident in the future of the _ people are confident in the future of the uk, — people are confident in the future of the uk, and as patrick said, people — of the uk, and as patrick said, people are _ of the uk, and as patrick said, people are becoming less confident in the _ people are becoming less confident in the future of the uk, you expect the price _ in the future of the uk, you expect the price of— in the future of the uk, you expect the price of them to be relatively low, _ the price of them to be relatively low, so _ the price of them to be relatively low, so the returns that people would — low, so the returns that people would demand would be relatively cheap, _ would demand would be relatively cheap, but as things have become more _ cheap, but as things have become more uncertain, and one of the key things— more uncertain, and one of the key things is— more uncertain, and one of the key things is a — more uncertain, and one of the key things is a certainty, so investors really— things is a certainty, so investors really crave — things is a certainty, so investors really crave certainty from their

investments and we saw the value of sterling _ investments and we saw the value of sterling depreciate after the financial crash and after brexit and we are _ financial crash and after brexit and we are seeing it depreciate at the moment— we are seeing it depreciate at the moment as well be oil have lost confidence in the certainty of what the uk _ confidence in the certainty of what the uk will do as a country. rory came u- the uk will do as a country. rory came up with — the uk will do as a country. rory came up with the _ the uk will do as a country. ir came up with the obvious the uk will do as a country. lilo"; came up with the obvious thing the uk will do as a country. ilrrs'y came up with the obvious thing to say, if they don�*t like this, why not just say, if they don�*t like this, why notjust reverse say, if they don�*t like this, why not just reverse the say, if they don�*t like this, why notjust reverse the tax cuts now announced on friday. we would not need to borrow at as much. would that help stabilise the pound? ila. that help stabilise the pound? no, biaots that help stabilise the pound? no, bi . ots are that help stabilise the pound? ila, bigots are kneejerk and the damage has been done. not the political sense —— because it is kneejerk. i don�*t want to go there on the politics. so the market is saying no. a big, red flag, and that is in the bond market. the trust is not there and if there is a kneejerk to counter that it could make things a whole lot worse.— whole lot worse. let's talk a bit about what _ whole lot worse. let's talk a bit about what we _ whole lot worse. let's talk a bit about what we have _ whole lot worse. let's talk a bit about what we have seen - whole lot worse. let's talk a bit about what we have seen since | about what we have seen since friday. we had a reaction on the

markets that will open on friday and then the chancellor going on bbc one saying everyone should calm down under markets move all the time and i am relaxed about it. but he also said there would be more to come, and then further reaction with the asian markets and then we get a statement from the treasury on the governor of the bank of england. what should we read into that? first of all i've been _ what should we read into that? first of all i've been covering these announcements— of all i've been covering these announcements for— of all i've been covering these announcements for over- of all i've been covering these announcements for over two i of all i've been covering these - announcements for over two decades and i've _ announcements for over two decades and i've never— announcements for over two decades and i've never seen— announcements for over two decades and i've never seen a _ announcements for over two decades and i've never seen a market - and i've never seen a market reaction _ and i've never seen a market reaction like _ and i've never seen a market reaction like the _ and i've never seen a market reaction like the one - and i've never seen a market reaction like the one we - and i've never seen a market reaction like the one we saw| and i've never seen a market i reaction like the one we saw on friday— reaction like the one we saw on friday and _ reaction like the one we saw on friday and to _ reaction like the one we saw on friday and to have _ reaction like the one we saw on friday and to have that - reaction like the one we saw on i friday and to have that continuing to another— friday and to have that continuing to another week— friday and to have that continuing to another week is _ friday and to have that continuing to another week is incredibly- friday and to have that continuing to another week is incredibly rare | to another week is incredibly rare and what — to another week is incredibly rare and what that _ to another week is incredibly rare and what that tells _ to another week is incredibly rare and what that tells you _ to another week is incredibly rare and what that tells you is - to another week is incredibly rare and what that tells you is that. to another week is incredibly rare and what that tells you is that wej and what that tells you is that we did have — and what that tells you is that we did have to— and what that tells you is that we did have to see _ and what that tells you is that we did have to see some _ and what that tells you is that we did have to see some kind - and what that tells you is that we did have to see some kind of- did have to see some kind of response _ did have to see some kind of response from _ did have to see some kind of response from the _ did have to see some kind of response from the treasury. did have to see some kind of. response from the treasury and did have to see some kind of- response from the treasury and bank of england _ response from the treasury and bank of england and— response from the treasury and bank of england and it— response from the treasury and bank of england, and it is _ response from the treasury and bank of england, and it is usual— response from the treasury and bank of england, and it is usual for- response from the treasury and bank of england, and it is usual for the - of england, and it is usual for the first step — of england, and it is usual for the first step in — of england, and it is usual for the first step in these _ of england, and it is usual for the first step in these cases - of england, and it is usual for the first step in these cases to - of england, and it is usual for the first step in these cases to be - of england, and it is usual for thej first step in these cases to be the intervention— first step in these cases to be the intervention of— first step in these cases to be the intervention of a _ first step in these cases to be the intervention of a statement - first step in these cases to be the intervention of a statement with . first step in these cases to be the i intervention of a statement with the bank of— intervention of a statement with the bank of england _ intervention of a statement with the bank of england tried _ intervention of a statement with the bank of england tried to _ intervention of a statement with the bank of england tried to calm - intervention of a statement with the | bank of england tried to calm nerves and then— bank of england tried to calm nerves and then it _ bank of england tried to calm nerves and then it will— bank of england tried to calm nerves and then it will try— bank of england tried to calm nerves and then it will try to _ bank of england tried to calm nerves and then it will try to buy— bank of england tried to calm nerves and then it will try to buy some - and then it will try to buy some currency— and then it will try to buy some currency and _ and then it will try to buy some currency and ultimately - and then it will try to buy some currency and ultimately we - and then it will try to buy some i currency and ultimately we could and then it will try to buy some - currency and ultimately we could see interest _ currency and ultimately we could see interest rates — currency and ultimately we could see interest rates ahead _ currency and ultimately we could see interest rates ahead of _ currency and ultimately we could see interest rates ahead of the _ currency and ultimately we could see interest rates ahead of the next - interest rates ahead of the next scheduled — interest rates ahead of the next scheduled meeting. _ interest rates ahead of the next scheduled meeting. rememberj interest rates ahead of the next - scheduled meeting. rememberthey're scheduled meeting. remember they're not due _

scheduled meeting. remember they're not due to _ scheduled meeting. rememberthey're not due to have — scheduled meeting. rememberthey're not due to have another— scheduled meeting. rememberthey're not due to have another meeting - not due to have another meeting until november— not due to have another meeting until november but _ not due to have another meeting until november but it _ not due to have another meeting until november but it could - not due to have another meeting until november but it could be i until november but it could be sooner~ — until november but it could be sooner. , ,., ., until november but it could be sooner. , ., sooner. let me put something to you on the interest _ sooner. let me put something to you on the interest rates _ sooner. let me put something to you on the interest rates point _ sooner. let me put something to you on the interest rates point that - on the interest rates point that mike has contacted us about four us. can anyone explain, and it will be you, tom, how the interest rate on savings at the major banks is not increasing? so those with savings getting no increases despite the rates rising. 5a. getting no increases despite the rates rising-— getting no increases despite the rates risinu. , , ., ., ., rates rising. so, they should do and if our rates rising. so, they should do and if your bank — rates rising. so, they should do and if your bank is _ rates rising. so, they should do and if your bank is not _ rates rising. so, they should do and if your bank is not passing - rates rising. so, they should do and if your bank is not passing on - rates rising. so, they should do and if your bank is not passing on the i if your bank is not passing on the interest rate increase, you need to change your bank. it is as easy as it�*s ever been to switch banks, loads of great websites that help you compare rates. if your bank is not offering you a decent return or anything at all because lots of banks will offer you nothing at all on your cash, then consider switching to someone who does. it will be difficult because inflation is running so hot that realistically you are still going to get a negative return on your money, but shop around and switch banks if you are able to do so. that shop around and switch banks if you are able to do so.—

are able to do so. that is helpful. patrick, are able to do so. that is helpful. patrick. on _ are able to do so. that is helpful. patrick, on the _ are able to do so. that is helpful. patrick, on the currency - are able to do so. that is helpful. patrick, on the currency issue. i are able to do so. that is helpful. i patrick, on the currency issue. some people will be old enough to remember the famous occasion when the labour government devalued the pound and harold wilson went on television and said don�*t worry, the poundin television and said don�*t worry, the pound in your pocket is worth just as much as it was worth yesterday and i�*m sure kwasi kwarteng is too shrewd and economic historian to use that phrase but there will be people say, look, don�*t panic, it doesn�*t affect what you are paying for goods in this country at the moment. how true is that and what is the problem for britain if the pound falls in terms of the economic position? the hu . e terms of the economic position? the huge elephant in the room is energy imports _ huge elephant in the room is energy imports. that's the problem, globally _ imports. that's the problem, aloball . �* , . imports. that's the problem, uloball. �* , ., , . globally. and they are priced in dollars. globally. and they are priced in dollars- they — globally. and they are priced in dollars. they are _ globally. and they are priced in dollars. they are priced - globally. and they are priced in dollars. they are priced in - globally. and they are priced in i dollars. they are priced in dollars so a weaker— dollars. they are priced in dollars so a weaker currency _ dollars. they are priced in dollars so a weaker currency explodes i dollars. they are priced in dollars i so a weaker currency explodes that costs _ so a weaker currency explodes that costs and _ so a weaker currency explodes that costs and it — so a weaker currency explodes that costs and it hurts everyone from the low paid _ costs and it hurts everyone from the low paid to — costs and it hurts everyone from the low paid to the well—paid. and it also explodes inflation as well, so also explodes inflation as well, so a weaker— also explodes inflation as well, so a weaker currency, stuff is cheaper, so therefore — a weaker currency, stuff is cheaper, so therefore inflation goes higher.

just on _ so therefore inflation goes higher. just on that point, neal asks, tax cuts to be outweighed by the prices going up, so he wants some understanding of how this will work to help poorer people or might help poorer people in the country. some people, not me, someone else called sean has asked how long will it take for trickle down to happen? it�*s not a phrase we use, the idea that if you get the wealthy spending their money or at least generating more income because they invested in things or they run businesses or whatever, then that will benefit everybody eventually.— everybody eventually. yes, a difficult question _ everybody eventually. yes, a difficult question to - everybody eventually. yes, a difficult question to answer. | everybody eventually. yes, a - difficult question to answer. that is what you _ difficult question to answer. that is what you are _ difficult question to answer. that is what you are here _ difficult question to answer. that is what you are here for. not - difficult question to answer. that. is what you are here for. not clear exactly when _ is what you are here for. not clear exactly when people _ is what you are here for. not clear exactly when people are _ is what you are here for. not clear exactly when people are going - is what you are here for. not clear exactly when people are going to. exactly when people are going to benefit and we have inflation being stoked or potentially interest rates going up and people on flexible mortgages might see their terms, or their costs go up by hundreds of pounds, so neil raises an important point that there is a risk that the

costs on lots of households are going to go higher than any tax benefit that they get, particularly those on middle incomes who might only get one percentage point decrease. a couple of related questions and we can roll them together. taste questions and we can roll them touether. ~ ., . ~ questions and we can roll them touether. ~ ., ., ,, ., together. we are talking about the -ound together. we are talking about the pound under— together. we are talking about the pound under pressure, _ together. we are talking about the pound under pressure, but - together. we are talking about the pound under pressure, but is - together. we are talking about the pound under pressure, but is it - pound under pressure, but is it really that or is itjust that pound under pressure, but is it really that or is it just that the dollar is strengthened and doing well because of what the american policy makers, whether it is the federal reserve or thejoe biden administration are doing, and that is about other things than what is happening in the british economy? it is and that's a crucial point and thank— is and that's a crucial point and thank you _ is and that's a crucial point and thank you for— is and that's a crucial point and thank you for asking _ is and that's a crucial point and thank you for asking that - is and that's a crucial point and i thank you for asking that question because _ thank you for asking that question because what _ thank you for asking that question because what we've _ thank you for asking that question because what we've seen - thank you for asking that question because what we've seen in - thank you for asking that question| because what we've seen in recent weeks _ because what we've seen in recent weeks is _ because what we've seen in recent weeks is dollar— because what we've seen in recent weeks is dollar strength. - because what we've seen in recent weeks is dollar strength. that- because what we've seen in recent weeks is dollar strength. that has| weeks is dollar strength. that has been _ weeks is dollar strength. that has been a _ weeks is dollar strength. that has been a fame — weeks is dollar strength. that has been a fame that _ weeks is dollar strength. that has been a fame that has— weeks is dollar strength. that has been a fame that has impacted i been a fame that has impacted currencies _ been a fame that has impacted currencies around _ been a fame that has impacted currencies around the - been a fame that has impacted currencies around the world . been a fame that has impacted. currencies around the world and been a fame that has impacted - currencies around the world and that economy— currencies around the world and that economy looks — currencies around the world and that economy looks relatively— currencies around the world and that economy looks relatively better - currencies around the world and that economy looks relatively better off. economy looks relatively better off than many — economy looks relatively better off than many others _ economy looks relatively better off than many others in _ economy looks relatively better off than many others in terms - economy looks relatively better off than many others in terms of - economy looks relatively better off. than many others in terms of growth and also _ than many others in terms of growth and also interest _ than many others in terms of growth and also interest rates— than many others in terms of growth and also interest rates rising - than many others in terms of growth and also interest rates rising at - than many others in terms of growth and also interest rates rising at a - and also interest rates rising at a faster— and also interest rates rising at a faster rate. — and also interest rates rising at a faster rate. so _ and also interest rates rising at a faster rate, so it _ and also interest rates rising at a faster rate, so it is— and also interest rates rising at a faster rate, so it is dollar- faster rate, so it is dollar strength— faster rate, so it is dollar strength but _ faster rate, so it is dollar strength but if— faster rate, so it is dollar strength but if you - faster rate, so it is dollar strength but if you look. faster rate, so it is dollar. strength but if you look at faster rate, so it is dollar- strength but if you look at the league — strength but if you look at the league table. _ strength but if you look at the league table, the _

strength but if you look at the league table, the pound - strength but if you look at the league table, the pound is- strength but if you look at the i league table, the pound is one strength but if you look at the . league table, the pound is one of the most — league table, the pound is one of the most impacted _ league table, the pound is one of the most impacted occurrences i league table, the pound is one of. the most impacted occurrences and that's— the most impacted occurrences and that's because _ the most impacted occurrences and that's because of— the most impacted occurrences and that's because of what _ the most impacted occurrences and that's because of what is _ the most impacted occurrences and that's because of what is going - the most impacted occurrences and that's because of what is going on. that's because of what is going on on home — that's because of what is going on on home shores. _ that's because of what is going on on home shores. just— that's because of what is going on on home shores.— that's because of what is going on on home shores. just related i said i was on home shores. just related i said i was rolling _ on home shores. just related i said i was rolling two _ on home shores. just related i said i was rolling two questions - i was rolling two questions together, but there was an interesting additional point. it is not the euro pound exchange rate more important than the dollar pound exchange when it comes to importing inflation from abroad.— inflation from abroad. that's a ureat inflation from abroad. that's a great question. _ inflation from abroad. that's a great question. it _ inflation from abroad. that's a great question. it looks - inflation from abroad. that's a great question. it looks like i inflation from abroad. that's a | great question. it looks like it, because — great question. it looks like it, because one _ great question. it looks like it, because one in _ great question. it looks like it, because one in £6 _ great question. it looks like it, because one in £6 of— great question. it looks like it, because one in £6 of imports i great question. it looks like it, - because one in £6 of imports comes from the _ because one in £6 of imports comes from the us, — because one in £6 of imports comes from the us, almost— because one in £6 of imports comes from the us, almost half— because one in £6 of imports comes from the us, almost half from - because one in £6 of imports comes from the us, almost half from the i from the us, almost half from the eu, so— from the us, almost half from the eu, so you — from the us, almost half from the eu, so you might— from the us, almost half from the eu, so you might think— from the us, almost half from the eu, so you might think it's- from the us, almost half from the eu, so you might think it's the - from the us, almost half from the. eu, so you might think it's the euro that matters — eu, so you might think it's the euro that matters more, _ eu, so you might think it's the euro that matters more, but— eu, so you might think it's the euro that matters more, but don't- eu, so you might think it's the euro that matters more, but don't forget that matters more, but don't forget that things — that matters more, but don't forget that things like _ that matters more, but don't forget that things like oil— that matters more, but don't forget that things like oil and _ that matters more, but don't forget that things like oil and many- that matters more, but don't forget that things like oil and many other. that things like oil and many other commodities. _ that things like oil and many other commodities, metal, _ that things like oil and many other commodities, metal, which - that things like oil and many other commodities, metal, which go - that things like oil and many otherl commodities, metal, which go into making _ commodities, metal, which go into making the — commodities, metal, which go into making the gadgets _ commodities, metal, which go into making the gadgets in _ commodities, metal, which go into making the gadgets in this- commodities, metal, which go into| making the gadgets in this country, they are _ making the gadgets in this country, they are priced _ making the gadgets in this country, they are priced in _ making the gadgets in this country, they are priced in dollars _ making the gadgets in this country, they are priced in dollars so - making the gadgets in this country, they are priced in dollars so if- they are priced in dollars so if you're — they are priced in dollars so if you're buying _ they are priced in dollars so if you're buying them _ they are priced in dollars so if you're buying them on- they are priced in dollars so if- you're buying them on international markets _ you're buying them on international markets you — you're buying them on international markets you need _ you're buying them on international markets you need to _ you're buying them on international markets you need to find _ you're buying them on international markets you need to find more - you're buying them on internationalj markets you need to find more cash to do— markets you need to find more cash to do so— markets you need to find more cash to do so so— markets you need to find more cash to do so so that _ markets you need to find more cash to do so so that lifts _ markets you need to find more cash to do so so that lifts up _ markets you need to find more cash to do so so that lifts up the - to do so so that lifts up the general— to do so so that lifts up the general price _ to do so so that lifts up the general price level. - to do so so that lifts up the general price level.- to do so so that lifts up the general price level. given the fallinr general price level. given the falling value _ general price level. given the falling value of— general price level. given the falling value of the _ general price level. given the falling value of the pound, i falling value of the pound, companies importing fine prices up,

but what about exporters? who is likely to gain? anyone who focuses on thrives on those products that get exported. in a normal scenario there will be winners and losers, swings and roundabouts, but we are not in a normal scenario. we have a rout on the bond market. yellow and we�*ve also got as your colleague said, a jubilant dollar and have all their ducks in a row. it�*s not the same here. so the underlying problem as i mentioned before, is energy. that will wipe away any gains that exporters have with imports. iaghast exporters have with imports. what about the other _ exporters have with imports. what about the other aspect _ exporters have with imports. what about the other aspect of it? lee was making the point that if the pound drops, will it improve companies exporting goods, only up to a point from what patrick is saying.

to a point from what patrick is sa inc. ~ . to a point from what patrick is sa in,. ., ., to a point from what patrick is sa in. . ., ., to a point from what patrick is sa in. ., ., . saying. what about the other aspect of this, the public _ saying. what about the other aspect of this, the public finances, - saying. what about the other aspect of this, the public finances, if - of this, the public finances, if borrowing costs go up. how great a risk is it derailing the government? a big question because the challenge for the _ a big question because the challenge for the government is the levels of borrowing — for the government is the levels of borrowing are high compared to post—world war ii but higher than in the past _ post—world war ii but higher than in the past and the more the borrowing costs rise. _ the past and the more the borrowing costs rise, then the more it will cost _ costs rise, then the more it will cost for— costs rise, then the more it will cost for the _ costs rise, then the more it will cost for the government to service the debt — cost for the government to service the debt. that will kick on and affect— the debt. that will kick on and affect the _ the debt. that will kick on and affect the amount that governments have to _ affect the amount that governments have to invest in different things, so infrastructure, public services and all— so infrastructure, public services and all the — so infrastructure, public services and all the things the government has promised it will do will become increasingly difficult.— increasingly difficult. stewart asked, increasingly difficult. stewart asked. will— increasingly difficult. stewart asked, will the _ increasingly difficult. stewart asked, will the position - increasingly difficult. stewart asked, will the position be i increasingly difficult. stewart. asked, will the position be any different if large amounts of gold reserves have been sold in the past? it's reserves have been sold in the past? it�*s really hard to say and i love these questions. it's really hard to say and i love these questions.—

it's really hard to say and i love these questions. what if we hadn't done what we _ these questions. what if we hadn't done what we had _ these questions. what if we hadn't done what we had done _ these questions. what if we hadn't done what we had done before? it| these questions. what if we hadn't i done what we had done before? it is a fair point- — done what we had done before? it is a fair point. people _ done what we had done before? it is a fair point. people used _ done what we had done before? it is a fair point. people used to - done what we had done before? it is a fair point. people used to have - a fair point. people used to have ureat a fair point. people used to have great confidence _ a fair point. people used to have great confidence in _ a fair point. people used to have great confidence in goal. - a fair point. people used to have great confidence in goal. i - a fair point. people used to have great confidence in goal. i don'tl great confidence in goal. i don't know the answer, _ great confidence in goal. i don't know the answer, but _ great confidence in goal. i don't know the answer, but what - great confidence in goal. i don't know the answer, but what i i great confidence in goal. i don't| know the answer, but what i will great confidence in goal. i don't - know the answer, but what i will say is our reserves of gold could help but it�*s not going to fix the problem, and the problem is trust. these are the last few questions we have which are very practical, which is great. i will ask the first wild to you, tom, if i may and anyone else who wants to chip in on this. feel free, or don�*t if you don�*t want to. housing. claire says i�*m looking to put our house on the market. do you think this will have an effect? , . ., , . an effect? yes. what the effect will be, i don't — an effect? yes. what the effect will be, i don't know. _ an effect? yes. what the effect will be, i don't know. we've _ an effect? yes. what the effect will be, i don't know. we've clearly - an effect? yes. what the effect will be, i don't know. we've clearly had| be, i don�*t know. we�*ve clearly had a cut in stamp duty that will affect people buying for the first time and the biggest fear for people buying for the first time and the biggest fearfor anyone people buying for the first time and the biggest fear for anyone about to buy a house or anyone lucky enough to have a deposit big enough to buy

a house is the mortgage rate they get will become unaffordable. people who already own homes, their mortgage might become unaffordable when they need to renew the mortgages, so that�*s the biggest risk, cost. ida mortgages, so that's the biggest risk, cost. , ., ., ., , ., risk, cost. do you want to give your views on that? _ risk, cost. do you want to give your views on that? this _ risk, cost. do you want to give your views on that? this thing _ risk, cost. do you want to give your views on that? this thing about - views on that? this thing about variable rate and fixed rate mortgages, fine, people fix rates but on some point they have to come back to the lenders. thea;t but on some point they have to come back to the lenders.— back to the lenders. they do, because they _ back to the lenders. they do, because they expire - back to the lenders. they do, because they expire but - back to the lenders. they do, | because they expire but some back to the lenders. they do, - because they expire but some people ri-ht because they expire but some people right now— because they expire but some people right now will be thinking, help, with interest rates going up i'm getting — with interest rates going up i'm getting out now and get a new fixed before _ getting out now and get a new fixed before they go up further but on the other— before they go up further but on the other hand — before they go up further but on the other hand, think about this, those government borrowing costs are linked _ government borrowing costs are linked to — government borrowing costs are linked to the price you pay on interest— linked to the price you pay on interest for fixed rate mortgages, so guite _ interest for fixed rate mortgages, so quite frankly, some of those deals— so quite frankly, some of those deals which looked relatively attractive now might vanish pretty soon~ _ attractive now might vanish pretty soon. . , w' attractive now might vanish pretty soon. .,, a , ., soon. last quick question if i may. i will soon. last quick question if i may. iwill ut soon. last quick question if i may. i will put this _ soon. last quick question if i may. i will put this to _ soon. last quick question if i may. i will put this to tom. _ soon. last quick question if i may. i will put this to tom. does - soon. last quick question if i may. i will put this to tom. does the i i will put this to tom. does the fall in the pound main gas and electricity prices will go up and who will benefit from the fall in

the pound, if anyone? gas who will benefit from the fall in the pound, if anyone?- the pound, if anyone? gas and electricity _ the pound, if anyone? gas and electricity shouldn't _ the pound, if anyone? gas and electricity shouldn't go - the pound, if anyone? gas and electricity shouldn't go up - the pound, if anyone? gas and - electricity shouldn't go up because the governor has capped energy bills, _ the governor has capped energy bills, so— the governor has capped energy bills, so we should be fine on that, but the _ bills, so we should be fine on that, but the costs to go in to support the energy industry is potentially going _ the energy industry is potentially going up— the energy industry is potentially going up and that isjust another problem — going up and that isjust another problem on the desk of the new chancellor. as problem on the desk of the new chancellor-— chancellor. as if he hasn't got enou:h chancellor. as if he hasn't got enough at _ chancellor. as if he hasn't got enough at the _ chancellor. as if he hasn't got enough at the moment. - chancellor. as if he hasn't got enough at the moment. tom, j chancellor. as if he hasn't got - enough at the moment. tom, patrick, thank you all and thank you for your question is which i hope the panel have tried to answer. you are watching bbc news. i look at the weather now and are fairly autumnal feeling day with a mix of sunshine breaking through and fairly frequent blustery showers moving through and a rather cool north—westerly breeze. this moving through and a rather cool north-westerly breeze.— moving through and a rather cool north-westerly breeze. this was the icture in north-westerly breeze. this was the picture in cumbria _ north-westerly breeze. this was the picture in cumbria earlier, _ north-westerly breeze. this was the picture in cumbria earlier, lots - north-westerly breeze. this was the picture in cumbria earlier, lots of i picture in cumbria earlier, lots of rainbows around and more of them tomorrow and over the next few days and the theme does not change much. it's and the theme does not change much. it�*s relatively cool and windy and

we have more blustery showers as well. high pressure is sitting on the atlantic at the moment but we have low pressure approaching from the north—east and a squeeze on the isobars meaning a windier spell of weather and the winds are coming from a chilly direction and we can trace the blue arrows towards iceland on the arctic as well, so a cool north—westerly wind bringing more showers as we head through the afternoon and evening, plenty for northern and eastern scotland and a few down the east coast and some of them around the irish sea coast as well. along with the showers, some gusty winds, gusting up to about 50 mph around exposed coasts, even 30 mph around exposed coasts, even 30 mph in land. six o�*clock this evening in the next hour or so these are the sorts of temperatures we are looking at between eight and 15 degrees but it�*s always feeling cooler when you are exposed to the brisk north—westerly wind. through the evening and overnight the showers are heavy and persistent for the north—east of scotland and the winds pick up and there are gales developing. more showers filtering into other western areas but further east there will be clearer skies and

it is here that temperatures will fall to four or 5 degrees. we are looking at double figures further west but wherever you are, a frost free starting tuesday with enough breeze and cloud and showers to stop the temperatures falling to low. for tuesday, similar to what we had today and that we have sunshine and showers. still windy across the north—east of scotland but the winds are falling a lighter further south, hit and miss almost everywhere but they will be fewer in nature than we�*ve seen today but more persistent rain in the far south—west with highs of ten or 17 degrees on tuesday. looking to wednesday, a less windy sort of day with still low pressure in the east and more showers for eastern scotland and eastern england in particular and further south and west you are more likely to avoid most of the showers, so a more pleasant feeling day with less of a breeze and fewer showers. 12 to 16 degrees, a bit below par for the time of year. it looks like we will see a quiet spell of weather continuing into thursday and a lot of dry weather for many but a return to wet and windy weather by friday

as a weather front sweeps west to east across all of the uk.

this is bbc news. the headlines: the bank of england says it is "monitoring developments in financial markets very closely", after the pound dropped to a record low against the dollar overnight. they put out a statement trying to reassure people, but there are hints in that that we are going to see interest rates rising further and faster than what was predicted just perhaps a week or two ago. meanwhile at the labour party conference in liverpool, the shadow chancellor rachel reeves set out labour�*s alternative economic vision and criticised the fallout from friday�*s mini the fallout from friday�*s mini budget. under these tories, those with the broadest