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 carry the lightest load. and not by accident, but by choice. this a representative from the owners of instagram say that posts viewed were safe. tiktok could be fined £27 million for failing to safeguard the privacy of children. the information commissioner found the platform may have processed data of under 13s without parental consent. and after a 7 million milejourney, nasa are preparing to crash a probe in to an asteroid to see how difficult it is to knock a space rock off course. good afternoon.

the bank of england says its monetary policy committee "will not hesitate to change interest rates as necessary" after the the pound fell overnight to its lowest level against the dollar ever. analysts against the dollar ever. have said that they may intervene analysts have said that they may intervene sooner than was scheduled intervene sooner than was scheduled in order to protect the pound. this afternoon the treasury has confirmed that it will set out a medium—term fiscal plan on the 23rd of november, which will come in office for budget responsibility forecast. unlike friday's mini budget. the sterling reached level lows against the dollar this morning. record lows at one stage. then, just bring us up—to—date on some of the fallout from that, are we looking now then at possible interest rate rises quite soon? in at possible interest rate rises quite soon?— at possible interest rate rises quite soon? at possible interest rate rises uuite soon? , ., , , quite soon? in short, yes then you mention that _ quite soon? in short, yes then you

mention that statement _ quite soon? in short, yes then you mention that statement that - quite soon? in short, yes then you mention that statement that we i quite soon? in short, yes then you i mention that statement that we had from the bank of england and the last half an hour. that statement just basically backs up those expectations at the cost of borrowing is going to rise faster and further than previously thought. some economists are now talking about the bank of england's base rate topping 6% next summer. which means that mortgage rates will be even higher than that. which will come as a great concern to many homeowners out there. some others might fail optimistic about that, but at the other hand what we have got here is an unprecedented situation, where we have got both the bank of england and the treasury having to seek to reassure financial markets, just a few days after a mini budget statement. as you say, there are strong hints in there, we are going to see those high interest rates. why? because the bank is drawing demand, and by demand they mean the amount of money being pumped in. they said they are going to see 45 billion worth of tax cuts

hitting the economy in the next few years, guess what? bankers worried that that will boost demand too fast. that is why we are getting that kind of reaction. the markets are really worried at the moment, the government might be putting more money into the economy and doesn't have a plan to help to fund that. hence why they are concerned, it's not just a hence why they are concerned, it's notjust a plan that is falling but the government's own cost of borrowing that is determined by bond borrowing that is determined by bond borrowing is also rising two. find borrowing is also rising two. and the ound borrowing is also rising two. and the pound falling on the implications of that, one of the implications of that, one of the implications of that is potentially higher inflation. because the cost of imports goes up. mite higher inflation. because the cost of imports goes up.— higher inflation. because the cost of imports goes up. whe does indeed. let's talk about _ of imports goes up. whe does indeed. let's talk about the _ of imports goes up. whe does indeed. let's talk about the pound _ of imports goes up. whe does indeed. let's talk about the pound against - let's talk about the pound against the dollar. one out of six of our imports that comes in the america. a pair ofjeans, a holiday. that price could have gone up by 5% just because of what has happened in currency markets in the last few weeks. it's notjust about that, because oil, a lot of other commodities, they are priced in

dollars. when we talk about rising energy bills, guess what, this does not help in the least. when we talk about cost of living rising at the fastest rate for decades, topping 10% year on year. that too could see further pressure because of what we see happening on the currency markets in the last couple of weeks. all this is happening on trading floors, tucked away in banks, but doesn't date —— don't think it doesn't date —— don't think it doesn't impact the ills that you are paying. lets get more on what happened overnight, at one point it plunged to $1.03. some investors are concerned that the tax cuts announced by the chancellor on friday could lead to unsustainable government bothering. —— borrowing. 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. no comment there from the chancellor that we have a common earth head of foreign exchange strategies at citigroup. thank of a being with us.

the market is seen quite spooked, is that how you are reading it? absolutely. there is definite delusion of confidence, the market perception is that the tax cuts and in general the way that they through additional borrowing is not going we already have very high levels of inflation. which is going to be amplified further because of the fiscal figures, amplified further because of the fiscalfigures, all in amplified further because of the fiscal figures, all in all, amplified further because of the fiscalfigures, all in all, there is definitely an element of a confidence crisis right now. is like auoin to confidence crisis right now. is like going to continue, _ confidence crisis right now. is like going to continue, we _ confidence crisis right now. is like going to continue, we were - confidence crisis right now. is like l going to continue, we were hearing from our economics correspondent, they could be quite an early interest rate rise, with that make a difference? ~ .,

interest rate rise, with that make a difference?— difference? well, from the bank of encland difference? well, from the bank of england which _ difference? well, from the bank of england which basically _ difference? well, from the bank of england which basically says - difference? well, from the bank of england which basically says they l england which basically says they will not hesitate to increase interest rates, at the same they said they were going to make a full assessment of monetary policy in november. that reduces the probability, but it doesn't distinguish completely. there were going to get an emergency relief pack, will help? i think it will help stabilise in the near term, but steer in �* growth and steer in the outcome of growth and experience to inflation. and if experience to go by weigh... inflation. and if experience to go b weiah. .. ., , inflation. and if experience to go by weigh... - you inflation. and if experience to go by weigh... you oniiiiis inflation. and if experience to go by weigh... you the on liiiis inflation. and if experience to go by weigh... back you the on liiiis inflation. and if experience to go by v being? jack you the oniiiiis inflation. and if experience to go

by v being? jack a you the oniiiiis inflation. and if experience to go by v being? onk gt; inflation. and if experience to go by v being? on the £12 inflation. and if experience to go by v being? on the way gt; inflation. and if experience to go by v being? on the way é the that we early in balance that we experience early in the eft’tt again ,, .. w... balance that we experience early in the eft’tt again on . w... balance that we experience early in the effiz’ again on the a. now has started fallingagain'on'the of now has started fallingagain'onthe of the now has started fallingagain'anthe of the bank of england back of the bank of england the markets will do statement. look, the markets will do that, there is no question about that, there is no question about that, especially the perceived that, especially being the perceived negative headlines. there is fundamental reason for this. the implications— fundamental reason for this. the implications for _ fundamental reason for this. the implications for what happens in the market are real, aren't they? we were talking about earlier, possibly higher inflation because imports are going to be up and that means inflation is going to be up. absolutely. nowadays, due to global value chains, because companies that

exporter also importing. global market chains have in a way,... made the link between chain rates and inflation. nonetheless, an additional element that will push inflation higher is definitely not going to be welcomed by the bank of england. going to be welcomed by the bank of encland. . ~ going to be welcomed by the bank of encland. ., ~ i. going to be welcomed by the bank of encland. . ~' ,, , going to be welcomed by the bank of encland. ., ~ , . going to be welcomed by the bank of enuland. ., ~' i., , . ., england. thank you very much. head of foreian england. thank you very much. head of foreign exchange _ england. thank you very much. head of foreign exchange strategies - england. thank you very much. head of foreign exchange strategies at - of foreign exchange strategies at citigroup. thank you for your time. 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.

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.

letsjoin our lets join our political correspondent letsjoin our political correspondent damien chromatic is. what is the response led to the latest? i what is the response led to the latest? ~ �* , ., what is the response led to the latest? ~ �*, ., latest? i think it's worth saying that interestingly, _ latest? i think it's worth saying that interestingly, away - latest? i think it's worth saying that interestingly, away from l latest? i think it's worth saying i that interestingly, away from her, what we had seen in the last hour or so in these statements of the bank of england, but also from the treasury and the chancellor. clearly seem to be possibly coordinated, they came within a short time of each other, it seems to tackle the issue of the lack of confidence in the markets, the worries about the government plan. what we have heard from the treasury and the chancellor is that we are going to get more details on them about the plan that they've got for growth, the regulatory reforms are they going to bring out, that is coming, they say within the next few weeks. then they are saying in november at the chancellor will set out his medium—term plan which will have some of the details of the market is worried about the minute. how he is

going to try and control and start to bring down this huge amounts of debt over the medium term, and then later we will get a budget in the spring and also in november, we will get the proper accounting, that the the numbers done. that is clearly what the treasury and government is trying to do, to step in to bring some reassurance. but those dates are quite a few weeks ago, a few weeks until november. and in the interim we see the worries in the markets and so the bank of england trying to give those reassuring messages. how is all that playing out here? well, interestingly as we had there, the shadow chancellor, rachel reeves, and has beach she was saying that this is an emergency, interest rates, energy prices up, wages are not going up, the chancellor has failed. she is trying

to use all of that to paint a different picture for the labour party, the labour party said it is a party of economic competence and social justice, party of economic competence and socialjustice, not going through with some of those tax rises, labour would have a fairer way of spreading things but also a more sustainable way of growing the economy in the future. the difficulty, i think, labour, talking to keir starmer�*s top team, they would find if they were to inherit the situation, there are huge pressures on the government's finances, inflation, growing bills, those energy crisis, that debt and all of that is going to be squeezing government finances. they have to lay out how they would deal with that, the government says their plan is just one of growing their plan is just one of growing the economy over the medium term, but, in the short term a lot of doubts about how that is all going to play out. doubts about how that is all going to play out-— doubts about how that is all going

to play out. thank you very much. now some — to play out. thank you very much. now some breaking _ to play out. thank you very much. now some breaking news - to play out. thank you very much. now some breaking news coming | to play out. thank you very much. l now some breaking news coming to to play out. thank you very much. - now some breaking news coming to us from the world of rugby union concerning worcester warriors, they have been suspended from all competitions with immediate effect. that is after they failed to meet a deadline set for five o'clock this afternoon by the rugby football union, requesting proof of insurance cover and funding for the club's monthly pay low. they wanted evidence of a credible plan to take the club forward by five o'clock, worcester warriors can respond to those requests, so their season is in significant doubt. worcester�*s men's and women's teams both suspended. they have debts of around £25 million stop a look at the latest headlines. the bank of england says it won't hesitate to raise interest rates by

as much as needed. at the labour party conference the shadow chancellor said that the government fanned the flames of the falling sterling. she said that her party's vision. tick—tock could be fined £27 million for failing to safeguard children, the platform may have processed data of under 13 is without parental consent. italy look set to have its first far right leader. 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. 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. 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. the video sharing app tiktok could be fined £27 million for failing to protect children's privacy when using the platform. in provisionalfindings, the information commissioner's office said the social media company may have breached uk data protection laws. however, it's giving tiktok the right to reply before reaching a final conclusion. joining me now isjournalist and author, chris stokel—walker,

who wrote tiktok boom — a book which explores the app and the company behind it. thank you forjoining us. first of all, what is it suggested that tiktok have done wrong exactly? there are three main arguments they are putting forward, which is that, first of all, it is mishandled user data of those under the age of 13, so children who are meant to have more significant data protection rights. also that it is accessed what is seen as secure and private data of individuals, that could be something about race or gender, your religious beliefs, anything like that. also that it give enough details or data about what exactly it does with that information. it's important to know that it's back data, this is from mid—2018 to

mid-2020, data, this is from mid—2018 to mid—2020, no suggestion whether this is currently an issue. mid-2020, no suggestion whether this is currently an issue.— is currently an issue. tiktok is extraordinarily _ is currently an issue. tiktok is extraordinarily popular- is currently an issue. tiktok is extraordinarily popular with i extraordinarily popular with children isn't it? 48% of eight to 12—year—olds are using it. children isn't it? 4896 of eight to 12-year-olds are using it.- 12-year-olds are using it. yes, there was _ 12-year-olds are using it. yes, there was an — 12-year-olds are using it. yes, there was an ofcom _ 12-year-olds are using it. yes, there was an ofcom report - 12-year-olds are using it. yes, there was an ofcom report of i 12—year—olds are using it. ie: there was an ofcom report of using at the three kids aged five to seven use it, it was originally known as the hugely popular with teenagers, it's grown up a little bit since then, but there is no doubt that any of our viewers will know, if their parents or grandparents of their children or grandchildren using tick—tock day in, day out. haifa tick-tock day in, day out. how likel is tick-tock day in, day out. how likely is it? — tick-tock day in, day out. how likely is it? that _ tick-tock day in, day out. how likely is it? that they - tick-tock day in, day out. how likely is it? that they will - tick—tock day in, day out. how likely is it? that they will be fined? , �* likely is it? that they will be fined? j , , ., likely is it? that they will be fined? j ,, ., ., . likely is it? that they will be fined? j ,, ., ., fined? they're issuing a notice of intent that _ fined? they're issuing a notice of intent that they _ fined? they're issuing a notice of intent that they believe - fined? they're issuing a notice of intent that they believe there - fined? they're issuing a notice of intent that they believe there is i intent that they believe there is justification for this breach of data regulation, but giving tiktok the ability to step back. the reason is doing now is because it is previously issued... including to

facebook, what happened then was facebook, what happened then was facebook was alleged to have mishandled a lot of data. it actually happen that the ico was taken to court and it was settled with the company saying they had no liability for it. i think this is a very tentative step although it's worth pointing out that these things don't usually get issued to organisations unless there is some issue. tiktok, for its part said this is backdated to a previous time and says that it disagrees with the conclusions of the ico. and says it intends to respond formally in due course. d0 intends to respond formally in due course. ,, ~ intends to respond formally in due course. i. ,, ., intends to respond formally in due course. ~ ,, ., course. do you think tiktok would care if they _ course. do you think tiktok would care if they were _ course. do you think tiktok would care if they were fined _ course. do you think tiktok would care if they were fined £27 - course. do you think tiktok would | care if they were fined £27 million. how damaging would that be to them? or the parent company of tiktok has tens of billions of dollars of revenue. this is usually significant for them, revenue. this is usually significant forthem, but revenue. this is usually significant for them, but it is potentially an indication of a broader global

shift. this could be followed by european regulators and us regulators, who have previously cracked down on tick—tock for the sort of thing. it's notable, actually, that there are currently two investigation that are ongoing and european right now. this could be the start of many in comfortable days the tiktok had.— days the tiktok had. good to have ou on. days the tiktok had. good to have you on- two _ days the tiktok had. good to have you on. two teenagers _ days the tiktok had. good to have you on. two teenagers have - days the tiktok had. good to have - you on. two teenagers have appeared of leeds magistrates' court charged with the murder of the boy outside a school in huddersfield. both boys, aged 15 and 16 have also been charged with possession of a bladed article, our correspondent has given us an update from outside leeds magistrates' court. because at the age of the defendants, this was sat as a youth court. the victim was 15

years old and died last wednesday after being attacked shortly after the school day had ended at a school, just a short distance from there. this happened in front of lots of other children coming out of school, despite the best efforts of teachers and paramedics. the murder investigation was launched by police, since then a 15—year—old and a 16 yuan have been arrested. there were questions on friday and over the weekend. last night west yorkshire police said they had charged both teenagers after their investigations and today both of them appeared here at a youth court. both are charged with murder and possession of a bladed article, that theyjointly murdered him and jointly had without good reason in a public place and nigh. they have both been remanded into custody and will appear in front of leeds crown court in two days' time, on wednesday. this investigation continues, but the two teenagers

under arrest both formally charged with murder and possession with a knife today both appear before leeds crown court on wednesday. now it's time for a look at the weather. good evening. it has been one of those changeable days hasn't it? dark looming clouds and sunshine the next. we are going to continue with what is cool air coming through the north and north—west, with blustery showers makes in a monster. that is the case this evening and overnight, many in the area will come clear. some clear skies elsewhere, temperatures will drop a bit further than last night, especially through scotland and eastern parts of england, down into single figures. because of the breeze we should avoid a frost. tomorrow we have got three zones, northern scotland, northern ireland and north—west england, north—east wales towards

the midlands, lots of showers here. and another zone where we see cloud and outbreaks of rain across cornwall. in between those areas are largely dry, with some sunny spells. only the odd shower to come, mainly just a small portion of your day. when the clouds go away it will feel calling that breeze. less of a windy day on wednesday, some showers across eastern areas, driest of all on thursday. hello, this is bbc news. the headlines. the bank of england says it is

monitoring development and financial markets very closely after the power to drop a record low against the dollar overnight. the to drop a record low against the dollar overnight.— to drop a record low against the dollar overnight. the part of the state mentoring _ dollar overnight. the part of the state mentoring to _ dollar overnight. the part of the state mentoring to reassure - dollar overnight. the part of the i state mentoring 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 only a week or two ago. {iii was predicted just perhaps only a week or two ago.— was predicted just perhaps only a week or two ago. of the labour party conference in — week or two ago. of the labour party conference in liverpool, _ week or two ago. of the labour party conference in liverpool, the - week or two ago. of the labour party conference in liverpool, the shadowl conference in liverpool, the shadow chancellor has been setting out labours alternative economic vision and is criticised the follow—up from friday's many budget. and is criticised the follow-up from friday's many budget.— friday's many budget. under the stories, those _ friday's many budget. under the stories, those with _ friday's many budget. under the stories, those with the _ friday's many budget. under the stories, those with the broadest| stories, those with the broadest shoulders carry the latest load. and not by accident, but by choice. instagram post about suicide and depression viewed by a11i—year—old before she took her own life were safe, according to a representative from the platforms owners. tick—tock could be fined £20 million for

failing to safeguard the privacy of children and the information commissionerfound the children and the information commissioner found the platform they have processed data under 13 without parental consent. after a 7 million milejourney, nasa is preparing to precious space probe into an asteroid to see how hard it would be to knock a space rock of course. sport and for a full round up, from the bbc sport centre, let's begin with that significant breaking news that you've been hearing from the world of rugby union in the last half hour because worchester warriors have been suspended from all competitions by the rugby football union as they had failed to meet the deadline of 5pm today to show that they have the financial means to continue funding the club. having amassed debts of £25 million. damn, what more was in the statement released after that

deadline had passed? if confirmed will be expected, _ deadline had passed? if confirmed will be expected, but _ deadline had passed? if confirmed will be expected, but if— deadline had passed? if confirmed will be expected, but if he - deadline had passed? if confirmed will be expected, but if he could . will be expected, but if he could not carry on. they suspended the men's team, the women's team and also from the cup competition, extends down to the youth set as well the under 18 se been thrown out of the national cup. bill and his statement said that it's difficult for everyone involved at the club he thanked those workers, particularly those who work without pay to get the last few games on but said that without reassurances from the owners, it could not carry on as it has been and suspended them from rugby. it is from friday, the press conference previewing this weekend against newcastle but when the news actually comes, thrace said especially for those who gathered this evening. especially for those who gathered this evening-— this evening. looking at those behind you. — this evening. looking at those behind you, and _ this evening. looking at those behind you, and other - this evening. looking at those behind you, and other sports, j this evening. looking at those l behind you, and other sports, i remember covering this very football

club, mean so much to the local areas and communities in these clubs. �* , ,., , areas and communities in these clubs. , ., , ., , clubs. absolutely does, and extends far be ond clubs. absolutely does, and extends far beyond the _ clubs. absolutely does, and extends far beyond the team _ clubs. absolutely does, and extends far beyond the team and _ clubs. absolutely does, and extends far beyond the team and we - clubs. absolutely does, and extends far beyond the team and we have . clubs. absolutely does, and extends l far beyond the team and we have seen many buses go connect pastors that a big sports club on for this type as in its community. but we also know that today, there won't be any rugby here for the foreseeable future, we do not know for how long in regard of the club going into administration. 25 million in which inland revenue £6 million in the winding up order was issued six weeks ago, a little bit of certainty we now know rugby is happening here in the near future we now know rugby is happening here in the nearfuture but we now know rugby is happening here in the near future but we do not overlap in the long—term one of the players is here this afternoon and keeping the group together and returning in the premiership a bit later on in the season but ijust don't have answers to those

questions. don't have answers to those questions-— questions. and the nations lee, the 're questions. and the nations lee, they're in _ questions. and the nations lee, they're in much _ questions. and the nations lee, they're in much need _ questions. and the nations lee, they're in much need of- questions. and the nations lee, they're in much need of a - questions. and the nations lee, they're in much need of a goodl they're in much need of a good performance in perhaps a victory out of the world cup and our manager gareth southgate is coming under increasing pressure for five losses relegation to the second of the nations league and its cross over to our reporter who is at wembley and of that game and so, some big team news particularly in terms of one liverpool right back and is important that this team gets a good performance going to that world cup. yes, there's been lots of debate and not in the squad and that is alexander arnold from liverpool. he will not play a minute for his country and it's not looking good and if you think this is the last game before the world cup is going to three players ahead of him and

it's not looking good for him and in terms of how important this game is, it's a very big one and it's always a big game and more so there, five is a still out here tonight and it's around 90,000 here and gareth southgate wants to go into that world cup in qatar in good form. they do not want to go into it without the victories of this would be a game where the without the victories of this would be a go i ne where the without the victories of this would be a go i think ere the without the victories of this would be a go i think we'll ie without the victories of this would be a go i think we'll see gareth 11 and southgate name the strongest 11 and can, .. us southgate name the strongest 11 and can, us in southgate name the strongest 11 and iai,, us i on southgate name the strongest 11 and ’a’ us i on from southgate name the strongest 11 and f; us i on from here qatar in the fence on from here happy. so there will be in the qatar in the fence on from here happ-iere will be in the i qatar in the fence on from here happ-ier.l be in the i qatar in the fence on from here happ-rer-the i qatar in the fence on from here ham ., ~er~., . ~ . that. thank you so much, alex. we will be here — that. thank you so much, alex. we will be here with _ that. thank you so much, alex. we will be here with all _ that. thank you so much, alex. we will be here with all the _ that. thank you so much, alex. we will be here with all the updates . will be here with all the updates this evening and also commentary on radio five live in sports day, we will be here at 630 with a full round—up of all the breaking news and back to you, ben.

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. the next scheduled announcement in order to protect the pound. an system to a record low against the dollar on asian markets before bouncing back a little bit let's talk to the senior lecturer. we can speak now to louise cooper, senior lecturer in finance at kingston business school. what do you make of what's happened on the markets? to think there was a surprise was a predictable?— surprise was a predictable? gravity ofthat surprise was a predictable? gravity of that massive _ surprise was a predictable? gravity of that massive move _ surprise was a predictable? gravity of that massive move on _ surprise was a predictable? gravity of that massive move on friday, i surprise was a predictable? gravity l of that massive move on friday, the many budget and the third biggest move we had in sterling downwards for something like 15 years in the other one was black wednesday and

the other one was brexit. so, a huge move in the sterling and we had the new chair for who is only been in office for 19 days. already destroying the confidence of the financial market and sell at the job 19 days and came in on sunday with political shows this is actually, there's more of this to come, more tax cuts to come and the markets really took fright and we got pound to a low of about a dollar and 3 cents. just for perspective, at the beginning of this year, the pound bought a dollars 35. it is pretty catastrophic but has to be said that the dollar has been strong against pretty much every currency out there especially against the yen and the euro, but the pound has been significantly weaker and this is really to do with the economic and

fiscal policies of those new and number ten and 11 in downing street. this trend that's been going on for some time because i think 20% of its value has been lost this year against the dollar and how serious and terms of what happened on those asian markets overnight, how serious is that if you compare it historically with other slums of the pound? 50 historically with other slums of the ound? ,, ., . historically with other slums of the ound? . .,, ., ,, historically with other slums of the ound? . .,~ ., pound? so much was leaked about the many budget — pound? so much was leaked about the many budget ahead _ pound? so much was leaked about the many budget ahead of _ pound? so much was leaked about the many budget ahead of time, _ pound? so much was leaked about the many budget ahead of time, which - pound? so much was leaked about the many budget ahead of time, which arej many budget ahead of time, which are really need to do is go back a week orso really need to do is go back a week or so and look at three things, the first thing you need to look at is the pound and the sell—off as really accelerated in the last five or six days. next thing you need to look out is cute yields, how much it cost the uk government to borrow knows a 1% for ten year debt at the beginning of this year we are now looking at the government borrowing and costing around 4.2% to borrow

for ten years, 4.2% years. huge move and again, those borrowing costs have been soaring and literally the last five or six days. the other thing you need to look at is the financial markets and anticipate what the bank of england is going to be forced to do on interest rates. sterlings other products. and then the move has been more dramatic and we are now, if you believe the financial markets, they are now predicting the bank of england is going to have to raise interest rates by a full 200 basis points, two percentage points by november. that is almost a doubling of interest rates from where we are now interest rates from where we are now in up to 4.25%. a level we have not seen since three of the financial crisis and the level where the tightening, the speed of that

tightening, the speed of that tightening is something we've almost not seen except when that currency is coming under attack. it is those financial markets of the bank of england that is forced into this aggressive tightening in one of the markets think they'll happen before the next meeting and with a common interim meeting tightening which itself is a pretty critical to do, pretty critical of government policy, but also the scale of the tightening again, could be viewed as very critical of government policy. for people with mortgages, bridges hearing from reuters that the mortgage companies and building societies are temporarily withdrawing for new customers because of the volatility in sterling markets and that is according to reuters news agencies. it is going to be a time of some

volatility, isn't in there as you suggest, potentially much higher interest rates. the suggest, potentially much higher interest rates.— interest rates. the first thing to sa is interest rates. the first thing to say is that _ interest rates. the first thing to say is that most _ interest rates. the first thing to say is that most mortgages - interest rates. the first thing to say is that most mortgages of i say is that most mortgages of government policies, those cute humans is talking about, they've been talking about soaring this year and would cause the government to borrow in soaring. in terms of mortgages, most people now have fixed mortgages and it will not affect anyone on a fixed mortgage right now and if your fix comes and ends, three mortgaging could be very expensive and those on track mortgages, if the bank does raise rates by a full two percentage points, taking us to li.25% by november, those on track of mortgages are going to be suffering real financial mortgages are going to be suffering realfinancial pain mortgages are going to be suffering real financial pain because you don't have to go back that far from base rates to be more like 0.1% and

now, if you believe the markets, they could be going to 4.25%. so, for those on trickle mortgages, this must be really quite frightening. thank you very much indeed. senior lecturer in financing and good to see you and thank you very much. the inquest into the data showed that she interacted with more than 2000 images about suicide and self—harm on instagram and the six months before her death. today's inquest, elizabeth who owns instagram says that she's is the images were safe for children to see. our correspondent has been at the corners co—ordinate with london and give us more details you may find some of what he says upsetting. we gain an extraordinary insight

into her use of instagram and we know that she liked, shared, saved, more than 2000 images of self—harm and suicide on instagram and the six months before her death. we also heard from elizabeth that she is the head of health and well—being for matter globally and she was shown a series of images, miserable, dark, depressing content that she looked at and experts advise them that it was helpful to the people who posted them, to leave those images up. but in fact, the barristerfor the family said there was not a single shred of evidence, expert evidence that that was the case. now, she was repeatedly asked whether she felt this content was safe for children and she replied that it is important that these people have a voice and

can express themselves and the corner intervened and said that she believe there were safe, yes or no. she conceded that she felt these images were, in fact safe. the corner intervened again and said, what gives you, the company, the right to make a decision about the material you place for children and she replied. these are not decisions that are taken in a vacuum. this did become quite heated at times in the family barrister said the children, faecium shouted children cannot consent to be being sent harmful materials. later on, she said that she wanted to apologise. she was sorry that molly had seen content that violated the companies policies. abs. that violated the companies olicies. �* ., ., ~' that violated the companies olicies. �* ., ., , policies. a look at her latest headlines — policies. a look at her latest headlines on _ policies. a look at her latest headlines on bbc— policies. a look at her latest headlines on bbc news. - policies. a look at her latest j headlines on bbc news. the policies. a look at her latest - headlines on bbc news. the bank in england and said his won't hesitate to raise interest rates by his mrs needed to bring down inflation after

the pound dropped to record logan's the pound dropped to record logan's the dollar overnight. the government has found the flames of the following sterling as she set out her plan of economic vision. tiktok could be fined £27 million to failed to safeguard the privacy of children in the commission found the platform and process data of under 13—year—olds parental consent. —— without parental consent. the group said earlier this year that the port is no longer viable and today, they have confirmed that aviation services will start winding down at the end of october with the loss of an estimated 800 jobs despite being offered financial support. let's talk to the mayor of the south yorkshire combined authority who campaigned to keep the airport open and so, you must be

very disappointed, what do you think this will mean? first very disappointed, what do you think this will mean?— this will mean? first and foremost, what this means _ this will mean? first and foremost, what this means is _ this will mean? first and foremost, what this means is at _ this will mean? first and foremost, what this means is at a _ this will mean? first and foremost, what this means is at a time - this will mean? first and foremost, what this means is at a time of - what this means is at a time of economic turmoil, we have potentially a thousand people in our community who are going to be looking for a newjob as a blow for the whole of the region.— the whole of the region. could it have been _ the whole of the region. could it have been prevented? _ the whole of the region. could it have been prevented? we - the whole of the region. could it - have been prevented? we absolutely think it could — have been prevented? we absolutely think it could and _ have been prevented? we absolutely think it could and should _ have been prevented? we absolutely think it could and should have - have been prevented? we absolutely think it could and should have been i think it could and should have been prevented that came to us about six weeks ago, and said that they were going to be looking into the viability of this and we're working with them as quickly as we could, tirelessly to keep the airport open and find a solution to the they said they had. lastly, they want to underwrite their losses in for the next 13 months in order to keep the planes flying from the essay and they turned down the offer now they say they're going to close the airport. what necklace and the closures because of the fundamental lack of financial viability and if

it's unviable, the have been run for the next 15 years and giving you an opportunity of success. what we're asking them to do was give us the time and space to be able to find an investor and owner and operator would be willing to make the airport the thriving airport that we know it can be. , ,, ., the thriving airport that we know it can be. , ., ., can be. they say there are no tanuible can be. they say there are no tangible proposals. _ can be. they say there are no tangible proposals. six - can be. they say there are no. tangible proposals. six weeks, can be. they say there are no - tangible proposals. six weeks, eight weeks is not — tangible proposals. six weeks, eight weeks is not enough _ tangible proposals. six weeks, eight weeks is not enough time _ tangible proposals. six weeks, eight weeks is not enough time for - tangible proposals. six weeks, eight weeks is not enough time for us - tangible proposals. six weeks, eight weeks is not enough time for us to i weeks is not enough time for us to go into the global market and find a new operatorfor go into the global market and find a new operator for doncaster sheffield airport that's all we ask for what we needed to complete that deal and they have not given us that opportunity and it seems they were not acting in good faith essentially have chosen to close down and spite of the people who want to keep the airport open. it is not good enough, frankly and they are not fit for purpose. flit frankly and they are not fit for --urose. . , frankly and they are not fit for --urose. ., , ., , frankly and they are not fit for --urose. . , ., , ., purpose. of that been a bit more time, i purpose. of that been a bit more time. i think— purpose. of that been a bit more time, i think it _ purpose. of that been a bit more time, i think it up _ purpose. of that been a bit more time, i think it up and _ purpose. of that been a bit more time, i think it up and found? i time, i think it up and found? absolutely, you would not try to sell your house in eight weeks and

alone an airport it's a complex thing to do and we went out into the market and try to find investors and that incredible interest in the airport but we needed the time and space to be able to complete that deal and they shut down the time frame, that window and are looking at the closure of the airport. you told us about _ at the closure of the airport. you told us about the _ at the closure of the airport. you told us about the consequences on jobs but what about the region for passengers as well in the whole economy? passengers as well in the whole econom ? ., ., ~ passengers as well in the whole economy?— passengers as well in the whole econom ? ~ ~ ., economy? look, the knock on impact is hue economy? look, the knock on impact is huge and — economy? look, the knock on impact is huge and the _ economy? look, the knock on impact is huge and the people _ economy? look, the knock on impact is huge and the people who _ economy? look, the knock on impact is huge and the people who did - economy? look, the knock on impact is huge and the people who did this i is huge and the people who did this spend money in our local economy and this is a real blow for region, if an ambitious plan for those in shipbuilding doncaster and the whole of south yorkshire but frankly, they should not be in a place where they're telling us they will closed on the airport we think there's an economically viable future for that airport we could have made that work. . ~ airport we could have made that work. ., ,, , ., airport we could have made that work. ., ~' , ., , airport we could have made that work. ., ,, i. , . airport we could have made that work. . ~ ,, , . ., airport we could have made that work. ., ,, , . ., work. thank you very much for your time.

budget supermarket chains like aldi and lidl are seeing an increase in customers and sales as the cost of living crisis deepens. aldi, which recently overtook morrisons to become the fourth biggest supermarket in the uk, claims it's gained more than a million customers in the last few months. last year aldi's profits fell sharply, but its boss has told the bbc customers are now switching to it in droves. our business correspondent emma simpson reports. three, two, one. a new aldi store comes to town in new milton, hampshire. this chain is opening another 16 supermarkets before the new year. so how does it feel to be the fourth biggest grocer in the uk now? well, it's an honour and it's been a 30—yearjourney. aldi had a tough pandemic. unable to ride the online grocery boom, profits tumbled, but sales are soaring now. well, over the last 12 weeks, we welcomed over 1.5 million new shoppers to our store. what we're seeing is

an unprecedented shift in customer behaviour and we're seeing customers reprioritising value like never before and switching their shopping to aldi and we're winning shoppers from all of the traditional full priced supermarkets. the change in shopping habits has been rapid, and here's the biggest shift at the checkout. whichever supermarket, your end brands have always been popular, but we're buying more own—label products. they now make up more than 50% of our supermarket shopping. sales of the cheapest own—label items are 30% higher compared to a year ago. asda's had to temporarily limit sales of its new revamped basic range, saying it can't keep up with demand. all the supermarkets have tightened | up their pricing because they knowl that shoppers are looking _ for the best price supermarket shop to do their weekly grocery. we know that 50% of people are looking for somewhere i

cheaper to shop this year. ithat's pretty good news for aldi,| because they've got a strong value perception, but be under no illusion i that up to christmas this year it's i going to be a super difficult time for the supermarket sector. - the battle in the aisles is hotting up as shoppers everywhere try to save money. emma simpson, bbc news. downing street is saying there's been a positive action from some business groups and speaking at the labour conference liverpool, the shadow chancellor as of the governments approach will result in even higher prices. let's talk more about this with the of the labour party and let us thank you for being with us. we are seeing real vulnerability with the pound hitting a record low on the asian market and how worried are you about the sterling? how worried are you about the sterlin: ? �* , _, . sterling? i'm very concerned indeed

and the impact _ sterling? i'm very concerned indeed and the impact of _ sterling? i'm very concerned indeed and the impact of this _ sterling? i'm very concerned indeed and the impact of this is _ sterling? i'm very concerned indeed and the impact of this is on - and the impact of this is on households that are already desperately worried about this cost—of—living crisis that we are currently living through. food costs were already very high for many families, really struggling to cover those costs and they have to say, i find it astonishing that the government was warned of the risk of volatility on friday and labour shadow chancellor made clear what was needed was a plan for growth, the kind of plan that we have been setting out, including today, a credible plan and we did not have that instead we had a very ideological approach and the conservatives in i'm afraid we've seen the markets interaction to that and we have seen a real change in the governments approach and so, we do not need to see them causing more problems with household incomes. the chancellor will see tax cuts for all, that will have 2% growth. t0

all, that will have 2% growth. trr markets and investors, this is not be speaking and we have seen that from volatility and it is starting after the announcement of the chancellors proposals and they should've announced the plan for growth and that is what labour has set out, labour possible shadow chancellor setting out those measures to make sure that we be attracting those high paid, highly skilled jobs turn country and how we will british businesses going again for removing business rates, that is a sensible tax change to make and we would not be, for example, removing that 45 pay rate and we would not be doing that now, that is not a sensible decision and markets and investors of the disturbingly are making up their own minds and it's british households were paying the price at the moment.— price at the moment. from the announcement _ price at the moment. from the announcement saying - price at the moment. from the announcement saying that - price at the moment. from the announcement saying that he's price at the moment. from the - announcement saying that he's going to bring forward the announcement of a medium—term fiscal plan it will be

published on november the 23rd and the planned start bringing down debt levels and do you think that will reassure the markets? i’m levels and do you think that will reassure the markets? i'm afraid this feels like _ reassure the markets? i'm afraid this feels like a _ reassure the markets? i'm afraid this feels like a panicked - reassure the markets? i'm afraid i this feels like a panicked response. on friday, we had those measures, thus tax cuts announce which labour said at the time would be damaging, particularly without the plan for growth and they've been setting out the government ploughed ahead in the chancellor even said that he would be putting in place more of the same. if he waits until that time to change approach to not put in those measures to genuinely get growth going like labour has been calling for, and the run—up for christmas, right now, the impact of all of this on families is that they're already deeply worried about how they're going to be covering costs and i'm afraid the government is just making it worse for them and that is the big worry between labour and the conservatives right now. labour is the party a signed economics, a strong plan to grow our economy and

instead, was in chaos and panic from the conservatives of the worst possible time. but the conservatives of the worst possible time.— possible time. but a labour government _ possible time. but a labour government would - possible time. but a labour government would be - possible time. but a labour- government would be borrowing very substantially on the market. it is saying clearly, yes but so would labour. �* . ~ saying clearly, yes but so would labour. �* ., ,, ., saying clearly, yes but so would labour. �* ~ " ~ , labour. but we will take a very different approach _ labour. but we will take a very different approach and - labour. but we will take a very different approach and this - different approach and this is critical. because labour residents per year that we would stick with the fiscal rules they set out, our shadow chancellor last year and this was do not stop but they say borrowing is necessary even when you do not have an alternative but in order to save the future, by making sure we have the screen jobs in our own country, that's why we have said yes, we would be investing in green technologies of the future to create those jobs by the government had an alternative to pay for their energy plan and they should have turned to the profits of the oil and gas companies and he chose not to and they choose to borrow and right now, it's households were really worried about the price of food, for

example, were paying the price of that conservative incompetence. thank you very much. the chair of the labour party thank you very much for talking to us on bbc news. time for the weather forecast. i was looking? very autumnal. we see the big change in him is the feel of this week will continue over the next few days we seem temperatures little bit lower than we would expect this late stage and with that, quite of few blustery winds and patches of showers and expect more of that over the next few days. was he a bit more rain than others as we try to show you in a moment, was to the general flow of the cloud to north and south, that cool with you in some gaps even there from clumps of white cloud with the show was really focused in three tonight, many inland areas become dry and fairly frequent. shows two to the east of northern ireland down to its

parts of wales in northwest england and shares easing across the eastern parts of england and parts of central scotland turning dry and it's these areas that the temperatures drop the furthest to tonight for support last night but it should bejust tonight for support last night but it should be just about frost free thanks to the wind. remaining fairly strong to tuesday morning come to the northwest direction. this will future will slide to the southwest was for the west looking like he was just clipping towards parts of cornwall in the channel islands later. the sunshine and showers for that showers would be completely focused. northern ireland, isle of man, northeast england and northwest midlands. also around the north and half scotland and he decides these, the northeast england. with these areas, you will see the odd shower and some of it sticks with these areas, you will see the odd shower and some of its this predominantly drive to the day if not completely dry. in the sunshine, one strong but out of it, the showers was seeing chilli with temperatures dropping to around 10 degrees to 16 degrees

through the afternoon. so, so what if you're particularly warm in this cloud year and what are mums. the wind will be a little bit down, coming up from the north, and fewer showers from the day, focus for the most prolonged rain could be toward some eastern counties of england in southeast scotland. starting in the southeast, northeast england and sliding down towards lincolnshire and east anglia later. this is where the weather spots is a good wednesday, temperatures around ten to 12 or 16 degrees. if you recorded on the eastern coast with the wind is a bit stronger that rain is a bit more relentless. then as we go through with the or thursday, the winds will lighten the rates as the clear, quarterstart, winds will lighten the rates as the clear, quarter start, the quietest of the week with lunch and developing especially through the afternoon but by friday, you have some wet and windy weather swimming up some wet and windy weather swimming up the atlantic. bbc news six is

next. today at six. the global markets react to the prime minister's economic plans — the cost of government borrowing shoots up and the pound plunges to an all time low against the dollar. the pound has now rallied a little, but it means the cost of many essential goods will go up for households and businesses. it's tearing our margins to shreds, we are trying our best to absorb what cost increases we can, but ultimately because of the pressure the business is under, we expect to put prices up as a result. labour outlines its own plan for the economy at its party conference and is scathing about the government's new measures. the message from financial markets was clear on friday. and this morning, that message is even more stark.