this is bbc news. the headlines... the bank of england steps in to restore order in bond markets after interest rates soared in the wake of the government's mini budget on friday. the rising cost of borrowing represents a threat to the uk's financial stability.— financial stability. these statements _ financial stability. these statements are - financial stability. these i statements are common financial stability. these - statements are common with financial stability. these _ statements are common with regard to countries, with problematic policies, but not often about g7 countries. policies, but not often about g7 countries-_ policies, but not often about g7 countries. ., , ., countries. the government needs to recall parliament _ countries. the government needs to recall parliament and _ countries. the government needs to recall parliament and abandon - countries. the government needs to recall parliament and abandon this | recall parliament and abandon this budget— recall parliament and abandon this budget for any more damage is done. the president of ukraine has pledged to protect citizens in areas of his country which face annexation by

russia after the kremlin held unofficial referendums. referendums. the bank of england has stepped in to prop up the government bond market after uk interest rates soared and gilts tumbled following the government's mini budget. the bank warned the market's reaction to the government's measures now represented a material risk to uk financial stability. it says the market for gilts, in which the british government borrows, has become dysfunctional and threatens the finances of uk households and businesses. investors fear the big market moves are a particular threat to the uk's

pension funds and threaten spill—over damage across the financial sector. here's our economics editor, andy verity. ever since last friday, the bank of englands governor andrew bailey has been trying to resist taking emergency measures following kwasi kwarteng's huge tax cuts to be funded by borrowing. but now the cost of borrowing on financial markets has forced him to. in an emergency statement, the bank of england said, were dysfunction in this market to continue or worsen, there would be a material risk to uk financial stability. it said it was seeking to restore market functioning and reduce any risks from contagion to credit conditions for uk households and businesses, and it would intervene on whatever scale is necessary to do so. worried about the credibility of the chancellor's plans, traders have been selling government bonds, the instrument it uses to borrow money, forcing the government to pay much more in interest to borrow funds over the long term. now the bank is trying to counter

that by buying the same bonds. since its announcement, that long—term borrowing cost has dropped, but only by a little, before bouncing again. it's an embarrassment for the bank of england, which only last week announced it was selling government bonds, not buying them. i have to say that this reaction to keep buying bonds and reverse plans to sell them has a real damaging impact on their credibility. it suggests that the actions of the government last week have put them in a really difficult spot in trying to deal with their primary target, which is trying to get inflation back to 2%. it's notjust markets that don't like the government plans. the world's lender of last resort, the international monetary fund, whose role is to help countries out in financial emergencies, fears the government plans will backfire. in a statement it said, developments in uk will be closely monitored and untargeted fiscal packages were not recommended at a time of high inflation.

it warned it government its mini budget wrist increasing inequality. this is about a confidence game. the animal spirits of the markets you don't want to unleash against you. you want to show you are a well—organised government with a stable and well thought through plan and that the whole government and bank of england are working as one. so now they have a lot of ground to recover because somehow you have to show that there is real coherence across these policies. the kind of warning that britain received from the imf today i | is a kind of warning that comes much| more frequently to emerging markets with new governments - than to a country like britain. the government is hoping that by handing out tax cuts people have more money to spend and that will stimulate the economy to grow and improve living standards. but the imf is warning it could have the opposite effect

because the pound is weak, import prices are higher, and that pushes up inflation and, to fight inflation, interest rates have to rise faster than previously thought and that could hit ordinary people where it hurts — in their mortgage payments. so far, the bank of england's announcement hasn't worked to calm financial markets. the index of uk—listed companies is tumbling down 2% and traders are again selling the pound, now worth less than $1.06. andrew verity, bbc news. speaking on the final day of the labour party conference, keir starmer said the conservatives could never claim to be the party of fiscal responsibility. the move by the bank of england is very serious and many people will be extremely worried about their mortgage, about prices going up and now about their pensions. the

government has clearly lost control of the economy and unlike other situations where there may be an event that causes this crisis, this is self inflicted, it was made in downing street last friday, and for what? for uncosted tax breaks for those earning hundreds of thousands of pounds, so what the government needs to do now is recall parliament and abandon this budget before any more damage is done. the us treasury secretary expressed american concern. we can now talk to yaris varoufakis, the former greek finance minister during the country's bailout crisis in 2015. do you feel any sympathy at all with the british government? plane

the british government? none whatsoever! _ the british government? none whatsoever! when _ the british government? none whatsoever! when we - the british government? none whatsoever! when we were i the british government? time: whatsoever! when we were elected to deal with the crisis that pre—existed, the crisis of a remarkable magnitude, this crisis was by liz truss's and the chancellor. it was a rookie mistake and it was an attempt to distance himself from johnson and levelling up himself from johnson and levelling up an appealing to the most base instincts of the tory guarantees. they would say it was getting a dash for growth. they would say it was getting a dash for urowth. w' they would say it was getting a dash for urowth. x' ., they would say it was getting a dash for urowth. ., ., ., for growth. trickle down economics, which is a zombie _ for growth. trickle down economics, which is a zombie idea _ for growth. trickle down economics, which is a zombie idea that - for growth. trickle down economics, which is a zombie idea that liz - which is a zombie idea that liz truss resurrected from the dead, never worked, truss resurrected from the dead, neverworked, it truss resurrected from the dead, never worked, it did not work in the 19805 never worked, it did not work in the 1980s or 90s, cutting the taxes of rich people, who don't spend that

greater percentage of their income anyway, is never going to create growth. this was never going to work, it was a political move, it backfired, i'm sure the chancellor is panic stricken as we speak, he has had the imf warned him, but i very much fear that politics is a game where one error leads to the next, and the chancellor is unlikely to do what the leader of the opposition suggests, back down, but he won't, and ifear that opposition suggests, back down, but he won't, and i fear that he will make things worse by cutting public investment. ~ ., ., , ., ., ~ make things worse by cutting public investment-— investment. what do you make of the intervention of— investment. what do you make of the intervention of the _ investment. what do you make of the intervention of the bank _ investment. what do you make of the intervention of the bank of _ investment. what do you make of the intervention of the bank of england i intervention of the bank of england is making today, and those words are used, those words are used, it would do whatever, almost misquoting mario draghi, we will do almost what is

necessary to stabilise the situation by buying some of the government's in debt? i by buying some of the government's in debt? ., _ , ., in debt? i have sympathy for the bank of england. _ in debt? i have sympathy for the bank of england. they _ in debt? i have sympathy for the bank of england. they are - in debt? i have sympathy for thei bank of england. they are facing in debt? i have sympathy for the l bank of england. they are facing a high rate of inflation, which is not just a british phenomenon but a global phenomenon. and now a fiscal splashdown by this government, which means that in their mind, the rate of interest they must set must be around 6%, but they know that if they do that they will just around 6%, but they know that if they do that they willjust break they do that they willjust break the housing market, and it will create untold pain in the hearts and minds of britons out there who have indebted themselves massively over the last decade or so, so they are damned if they do, damned if they don't. this mini budget has been a disasterfor don't. this mini budget has been a disaster for the don't. this mini budget has been a disasterfor the bank of don't. this mini budget has been a disaster for the bank of england. they bought some time with their reversal of quantitative tightening

again, quantitative easing again, but they will have to push interest rates up, they will have to push them up very fast in a way that will create a lot of unnecessary damage. what is the way out? the create a lot of unnecessary damage. what is the way out?— what is the way out? the way out would be for _ what is the way out? the way out would be for this _ what is the way out? the way out would be for this government - what is the way out? the way out would be for this government to l would be for this government to admit they made a mistake and back down, and to find other ways of creating greater capacity to produce goods and services in the uk economy. 0ne goods and services in the uk economy. one simple thing this government could do would be to reverse its immigration policy, to go back to pre—brexit immigration policies, to allow workers to come into the country, because if you are running a business in the uk, you are facing high interest rates and high energy costs and you also have a labour shortage in the midst of all this. in a labour shortage in the midst of all this. , ., ~ �* , all this. in terms of the imf's intervention _ all this. in terms of the imf's intervention which _ all this. in terms of the imf's intervention which happened | intervention which happened overnight, it must be difficult having the imf on your back, given

that again it's one of those organisations that people listen to. i'm not known as a friend of the imf, but it was right to express a view on this matter. the good news is, from the british perspective, is not greece, you issue the currency in which you borrow your money, and thatis in which you borrow your money, and that is not —— that is a great advantage. but at the same time, it is perfectly possible... that a momentous error by the past government can create a domino effect that would bring down the treasury market, so that would be a calamity for the united states. and this is why the imf stepped in, it was notjust one of those imf

interventions, pointing fingers at governments in emerging markets. let me ask you then in terms of your experience, you mention the fact that greece was different because it was part of a single currency. how did that advantage and disadvantage you, compared to the situation we are facing? i you, compared to the situation we are facing?— are facing? i can't recall a single advantage _ are facing? i can't recall a single advantage that _ are facing? i can't recall a single advantage that we _ are facing? i can't recall a single advantage that we had! - are facing? i can't recall a single advantage that we had! when i are facing? i can't recall a single. advantage that we had! when you are facing? i can't recall a single - advantage that we had! when you are advantage that we had! when you are a bankrupt state that does not issue its own currency and effectively borrows in a foreign currency, there is no comparison. but borrows in a foreign currency, there is no comparison-— is no comparison. but we are in a better place _ is no comparison. but we are in a better place than _ is no comparison. but we are in a better place than greece - is no comparison. but we are in a better place than greece was, - is no comparison. but we are in a better place than greece was, for elective reasons.— elective reasons. yes, let's be clear on this, _ elective reasons. yes, let's be clear on this, the _ elective reasons. yes, let's be clear on this, the uk - elective reasons. yes, let's be clear on this, the uk is - elective reasons. yes, let's be clear on this, the uk is an - elective reasons. yes, let's be - clear on this, the uk is an advanced economy, the uk has the tools and levers that can be pulled to steer

it in the right direction but unfortunately it has got a government that two years before a general election has boxed itself into a corner, and it's very likely to compile one error with another. former greek finance minister, thank you very much. i'm joined now by former bbc political correspondent nickjones, who has covered many similar crises in the past. is there any way that there is a sense of deja vu when this? sense of de'a vu when this? that's ri . ht, sense of de'a vu when this? that's riaht, i'm sense of deja vu when this? that's right. i'm living — sense of deja vu when this? that's right, i'm living in _ sense of deja vu when this? that's right, i'm living in a _ sense of deja vu when this? that's right, i'm living in a time - sense of deja vu when this? that's right, i'm living in a time warp, . sense of deja vu when this? that's right, i'm living in a time warp, ifl right, i'm living in a time warp, if you like, and you havejust heard there about the domino effect of events that friday's budget is adding to these domino effects happening, and that is exactly what happened in the 70s, i was a 30—year—old correspondent, and my feet are hardly touched the ground because of course we had a succession of events, the famous

budgets of 1971 and two, that led to inflation —— macro inflationary pressures, then we had the external surprise and a great boost in oil prices, then of course there was the upsurge in industrial action, and then of course denis healey had to go to the imf in 1976, and it all endedin go to the imf in 1976, and it all ended in tears for labour with a 1978-9 ended in tears for labour with a 1978—9 winter of discontent, so you can see how quickly these events can move and how they are all interlinked, and that's what i think is hitting me now, that we have these pressures that are there, we have the same industrial pressure with these repeated strikes that we have not seen anything like the 30 years or so, we have the inflation and the unexpected damaging news of the ukraine war and the increasing gas prices. the the ukraine war and the increasing as rices. . , the ukraine war and the increasing as rices. ., , . ., gas prices. the last time i can remember — gas prices. the last time i can remember a _ gas prices. the last time i can remember a significant - gas prices. the last time i can - remember a significant intervention to try to support, not in this case

the currency but the value of government debt to keep it affordable, because the government needsit affordable, because the government needs it so much, was the intervention in 1992, the then conservative chancellor, circumstances are different but the broad sense is one got the impression the markets did not have confidence. if the bank is intervening, given it is independent, that could be better than a politician trying to intervene?— than a politician trying to intervene? , _, , i. intervene? yes, it could, but you are right. — intervene? yes, it could, but you are right. of— intervene? yes, it could, but you are right, of course _ intervene? yes, it could, but you are right, of course interest - intervene? yes, it could, but youj are right, of course interest rates rose twice in the day, up by 5% in a day! and of course it was alarming stuff. what i think is so significant when i look back at those events, like the 1992 exit, and of course that was the reason we had to pull out suddenly from the european exchange rate mechanism, the conservatives never regained

their reputation for economic management, and we had tony blair winning three general elections in a row, and i get the sense that we are at one of those watershed moments yet again. you're quite right, the bank of england intervening has a degree of independent credibility, but it will not stop, as we were just hearing earlier, the sort of domino effect that is happening. what is the conservative government going to do? will let you turn and pull those tax increases or will it go on stoking these inflationary pressures? and then what will it do with this great upsurge in industrial strike action? we are hearing now that ballots will begin the health and hospital workers across the country. so you can see it's a very difficult moving target for the government to deal with. pleasure to speak to you, thanks very much. speaking on the final day

of the labour party conference, keir starmer said the conservatives could never claim to be the party of fiscal responsibility. 0ur political correspondent, jonathan blake, has this report. in liverpool, labour are convinced things are looking up. there's a confidence that the party has changed and is now ready to govern again. facing criticism he's too lacklustre to lead, sir keir starmer wants to fight the tories on the economy and, before the bank of england's intervention this morning, said the current turmoil is a mess of the government's making. you know, the government can never again look the electorate in the eye and claim to be a party of fiscal responsibility. they've acted irresponsibly, they've lost control of the economy. and for what? to put taxes down for those on hundreds of thousands of pounds and prices up for working people. it's the worst possible situation that we could find ourselves in. he sees green energy as the future for the economy, but big questions remain about how

labour would pay for its plans and just how much difference the party could make in government. yes, it's going to be tough. is it doable? yes, it is. are we determined to do it? yes. have we got others coming up alongside us to say this is a plan that we can make work? yes, we have. we actually need a government that moves forward carefully and confidently. how are you getting on? and after an otherwise uneventful few days, sir keir was asked about the mp rupa huq's comments here that the chancellor, kwasi kwarteng, was superficially black. in my view, what she said was racist. i'm very glad that the labour party, under my leadership, suspended her straight away. we took very swift action. it now does go under our rules into an investigation, an independent investigation. that's the process in place for all allegations. and we need to let that take its course. i'm with you. i really appreciate that. at labour's love—in here, strong dissent has been hard to find, but disagreements about support

for striking workers, public sector pay and changes to the voting system have rumbled on. today, the party promised free breakfast clubs at primary schools and guaranteed face to face gp appointments in england. angela rayner. the conference ended with a rallying cry. now let's rise to the moment and deliver for working people of britain. let's build a fairer, greener future with a labour government in power once again. thank you. the big theme here has been the belief that labour seems to have in itself once again — a sense that sir keir starmer has got the party in line. labour members know, though, convincing themselves they're ready to govern again is one thing. convincing the country is quite another. jonathan blake, bbc news, liverpool. 0ur political correspondent joins us

now _ 0ur political correspondent joins us now. let— our political correspondent “oins us now. . w' our political correspondent “oins us now. ., y ., our political correspondent “oins us now. ., i. , our political correspondent “oins us now. ., , ., our political correspondent “oins us now. , ., ., now. let me ask you first of all about that _ now. let me ask you first of all about that call _ now. let me ask you first of all about that call from _ now. let me ask you first of all about that call from the - now. let me ask you first of all about that call from the leader| now. let me ask you first of all l about that call from the leader of the labour party for there to be a recall in parliament, and indeed one that has been echoed by the liberal democrats as well.— democrats as well. exactly right. the conference _ democrats as well. exactly right. the conference he _ democrats as well. exactly right. the conference he has _ democrats as well. exactly right. the conference he has wrapped l democrats as well. exactly right. i the conference he has wrapped up, democrats as well. exactly right. - the conference he has wrapped up, we had the final speech, the delicate set for been leading, but politics goes on. —— delegates have been. and keir starmer has been saying that the next response from the government should be this recall of parliament, he says what they should do is abandon the budget, the tax measures, that they laid out last friday and to try to undo the damage. as you were hearing there, he says this is a self—inflicted wound, the tory party cannot claim to be competently managing the economy, he wants to say labour

should do that. the liberal democrats have also been calling for the recall of parliament as well. and also more criticism of the chancellor, so labour�*s deputy leader angela rayner, chancellor, so labour�*s deputy leaderangela rayner, in chancellor, so labour�*s deputy leader angela rayner, in herfinal speech of the conference here, she was poking fun of the chancellor, saying that ten years ago there was a young tory mp who had said in parliament that it should be the job of the chancellor to have a balanced budget every year and if they didn't do that they should take a 20% tax cut, that mp was the now chancellor. so labour sharpening their attacks on the government as all this unfolds. ., , on the government as all this unfolds. ., _ , ., unfolds. the government says that the chancellor _ unfolds. the government says that the chancellor has _ unfolds. the government says that the chancellor has been _ unfolds. the government says that the chancellor has been talking - unfolds. the government says that the chancellor has been talking to | the chancellor has been talking to investors at banks, trying to reassure them, telling them that the government remains committed to stability in the economy, but we have not heard or seen any government ministers, have we? be;

government ministers, have we? is you say, those meetings have been happening in the last day or two, so government ministers, particularly those dealing with the economy, business, industry, they have been wrapped up in some of those meetings, so the chancellor himself, the business secretary, also the secretary of state for housing and levelling up, they have all been in meetings, and notjust interestingly with the bankers and people from the financial world, with the bankers and people from the financialworld, but with the bankers and people from the financial world, but also meetings and phone calls with tory mps, reassuring them as well, they have this balancing act between business and finance and their own political party because there has been considerable disquiet amongst mps, so ministers themselves and mps are in it, because parliament is not sitting, so in the meantime we have

all this going on in the background, and we know that conservative mps are vires, several of them have been talking today, so to give an example, an mp from derbyshire has been talking about serious reservations about the tax—cutting measures, particularly that top rate, he says that's a mistake, the for dorset says this inept madness cannot go on. —— the mp. we will of course have the conservative conference, and that will begin at the weekend on sunday and run into next week, so you can expect to see many people with cameras trained on them at that point. 5aie many people with cameras trained on them at that point.— them at that point. safe “ourney back from liverpool, _ them at that point. safe journey back from liverpool, thank - them at that point. safe journey back from liverpool, thank you | them at that point. safe journey - back from liverpool, thank you very much. a former soldier accused of murder in relation to the death of two men on bloody sunday in 1972 has had his criminal case restarted in belfast. crown lawyers have reconsidered a decision to drop the case against the veteran known as soldier f following legal action

by bereaved relatives. 0ur ireland correspondent, chris page, is in belfast. give us the background, and also remind us why these proceedings have actually restarted. the remind us why these proceedings have actually restarted.— actually restarted. the day that became known _ actually restarted. the day that became known as _ actually restarted. the day that became known as bloody - actually restarted. the day that l became known as bloody sunday actually restarted. the day that - became known as bloody sunday was the 30th of january, 1972. that was when shoulder�*s —— soldiers from the parachute regiment shot dead 13 people during a civil rights demonstration. three years ago in 2019, prosecutors here in northern ireland it decided that they would bring charges against one army veteran known as soldier f, so he is charged with murder in relation to the deaths of james ray and william mckinney, he is also charged with five counts of attempted murder. last year, prosecutors announced they were planning to drop the

charges, that decision was made following the collapse of the trial of two other former soldiers who were accused of killing from the conflict in this part the k. but the relatives of one of the men who died during bloody sunday challenged that decision to discontinue their prosecution of soldier f in court and one that legal challenge, so crown lawyers then referred the case, and this morning a prosecution barrister confirmed to a judge in this courthouse in belfast that he was now ready, he said, to recommence, so the next stage of the criminal proceedings against soldier f will be a series of hearings where a judge will decide whether the transfer of the case out of the magistrates' court and into the crown court for a full trial, it was suggested in court today that that could take place in november or december, but in nine days' time there will be a further hearing to set a timetable for that next phase.

thank you very much for that. the european union has said leaks in two major gas pipelines from russia to europe are the result of sabotage. eu commission president ursula von der leyen stopped short of accussing russia of causing the leaks in nordstream one and two but said deliberate disrpution would be met with a strong response. the pipelines, which run under the baltic sea, aren't currently operational but still contain gas. we can talk to our brussels correspondent, jessica parker. what is the evidence of sabotage? we don't have evidence at the moment. we have not been presented with evidence of who might have carried out these blasts, but in terms of evidence of sabotage, authorities in europe are saying that is currently what is being pointed to. there were two blasts detected on monday by authorities in sweden and denmark

and, whilst at the eu is not publicly pointing the finger at russia at the moment, of course there are lots of theories as to who might be behind this and why, one of which is, would russia try and interfere with this infrastructure, even though it was not in use, in order to destabilise further the european energy market, making clear it could target other infrastructure? the kremlin today has come out and called that idea is stupid, it said it is actually america which stands to gain, i don't think that theory gets much traction around here in brussels, but later we are set to hear from the eu commission president, but thatis the eu commission president, but that is more likely to be on an existing sanctions package already in the works against russia. he. -- thank vou- — now it's time for a

look at the weather. quite a chilly day out there for many of us, and that's how it's going to stay over the next few days. if anything, by the time we get to friday, it's going to feel even colder with heavy rain and very strong winds moving in. the cloud cover is quite varied across the country today. there are some showers, in some places perhaps, more persistent rain, not particularly pleasant on the north—east coast of england through the course of this afternoon as we see these clusters of showers moving through, which will eventually spread into the midlands, parts of wales and also southern england by the early hours of thursday morning. now, the overnight temperatures will also vary quite a bit. four degrees in norwich, but ten degrees expected there in belfast. how about tomorrow? could be grey for a time in the south but, generally speaking, tomorrow isn't going to be a bad day. there'll be frequent spells of sunshine, occasional showers and the temperatures still a little below the average. norwich 15, 16 expected in belfast.

you are watching bbc news. the headlines. _ you are watching bbc news. the headlines, so _ you are watching bbc news. ti;e: headlines, so for this you are watching bbc news. ti9: headlines, so for this afternoon the bank of england stepped in to try to restore order and government bond markets after interest rates soared after the mini budget last week, said the rising cost to buy borrowing now presents a threat to the uk by financial stability. the statements _ the uk by financial stability. the statements are _ the uk by financial stability. ti9 statements are common when it comes to emerging market countries when it comes to problematic policies but not often about g7 countries. iiiruihat not often about g7 countries. what made with the _ not often about g7 countries. what made with the government needs to do now so— made with the government needs to do now so mac— made with the government needs to do now so mac is regal parliament and abandon— now so mac is regal parliament and abandon this budget before any more damage _ abandon this budget before any more damage is— abandon this budget before any more damage is done. abandon this budget before any more damage is done-— damage is done. health officials are ura in: damage is done. health officials are urging those — damage is done. health officials are urging those eligible _ damage is done. health officials are urging those eligible to _ damage is done. health officials are urging those eligible to get - damage is done. health officials are urging those eligible to get their. urging those eligible to get their flu jabs and covid boosters to do so. experts have warned of a big and early wave of flu this autumn. president of ukraine has pledged to

protect citizens in areas of his country that could be annexed by moscow. after the kremlin ordered and held unofficial referendums. sport now. here is holly. proposals have been put forward recommending that rugby league introduces system to decide who plays in the sport's is top—flight. it's of the key components of img's findings of what has been called the most con brands a piece of consultation ever. they propose category a and category b clubs within a super league, with only the latter in danger of being relegated. the recommendations have been made following extensive consultation with key stakeholders across like a mag rugby league. proposals include a joined up

calendar with international matches and the push to boost the women's and the push to boost the women's and girl's games. the new chairman of the england and wales cricket board says the sport must find a compromise or controversial plans to overhaul the calendar, could have a number of matches they played slashed. in his first broadcast interview since taking up the role, richard thompson told our sports editor that a change was needed, because international cricket faced an existential threat from overseas t20 franchises.— t20 franchises. england may have en'o ed a t20 franchises. england may have enjoyed a resurgence _ t20 franchises. england may have enjoyed a resurgence in _ t20 franchises. england may have enjoyed a resurgence in men - t20 franchises. england may have enjoyed a resurgence in men but. t20 franchises. england may have enjoyed a resurgence in men but i cricket this summer but behind the scenes there is mounting division of how to ensure long—term success. the final round of a four—day championship matches this week was played amid a rebellion from cannes to from counties. the man who has become the most senior figure in cricket tour change is needed. ii rare

cricket tour change is needed. if we have the same _ cricket tour change is needed. if we have the same players _ cricket tour change is needed. if we have the same players continue, we have the same players continue, we have to _ have the same players continue, we have to sacrifice some cricket for that _ have to sacrifice some cricket for that i_ have to sacrifice some cricket for that itrutv— have to sacrifice some cricket for that. i truly believe it's a sacrifice _ that. i truly believe it's a sacrifice i am prepared to try to sell to— sacrifice i am prepared to try to sell to the _ sacrifice i am prepared to try to sell to the counties but we need to find a _ sell to the counties but we need to find a compromise here to ensure that the _ find a compromise here to ensure that the counties come on site with the proposals and see the need for change _ the proposals and see the need for change. weight with england's star quitting _ change. weight with england's star quitting and midst concerns the packed — quitting and midst concerns the packed schedule is pushing people to breaking _ packed schedule is pushing people to breaking point, and a full format, the ecb _ breaking point, and a full format, the ecb insists its right to shake up the ecb insists its right to shake up the calendar. especially with international cricket threatened by lucrative shorter format t20 competitions overseas. the problem we have come _ competitions overseas. the problem we have come a _ competitions overseas. the problem we have come a player _ competitions overseas. the problem we have come a player could - competitions overseas. the problem we have come a player could be - we have come a player could be offered a central contract by england and reflect on whether they want to sign on. that is unprecedented. then the game has an existential problem. we cannot allow that to play out. you're talking about a small minority of players, however it is a threat. when england

play you want to know that they are fielding their best possible 11. meanwhile the fallout from the scandal that engulfed yorkshire after allegations from former player, continues. the ecb braced for the imminent publication of a report of discrimination across the game. report of discrimination across the name. :. report of discrimination across the name. :, :, ., _ ., game. that will not easy reading. , but we need _ game. that will not easy reading. , but we need to _ game. that will not easy reading. , but we need to hold _ game. that will not easy reading. , but we need to hold a _ game. that will not easy reading. , but we need to hold a mirror - game. that will not easy reading. , but we need to hold a mirror up i game. that will not easy reading. , but we need to hold a mirror up toj but we need to hold a mirror up to ourselves, it's going to be a difficult few months, but at the moment we need to start the reset. my moment we need to start the reset. my vision is very clear that cricket will become the uk's most inclusive sport. i do need to do that rapidly and it needs to win back trust. he hopes his experience running sorry where this programme helps engage youngsters in diverse communities across south london, will help. within this cricket divided like raleigh before, leading and reuniting the game will be no easy task. rangers women go for a place in the group stage of the champions league for the first time in their history. they are looking to

overturn the 3—2 deficit against... in the final stage of the qualifying play—offs. the scottish champions are in lisbon, having won a 4—0 against motherwell in the league on sunday. the ranger�*s coach says a win tonight and what of occasion for the next stage would be monumental for the club. and in rugby union, england women to play their first ever stand alone fixture at twickenham next year. the final 2020 36 nations match against france has been chosen as the game to take place at rugby hq. it was also announced that the red roses match against scotland will take place at newcastle kingston park, while they will return to northampton's stadium to play italy. that is all your support for now. it's back to you. —— sport now. millions of people in the us state of florida are being urged

to leave their homes, as hurricane ian is due to make landfall later today, with winds of up to 130 miles per hour. the national hurricane centre has warned of a risk of life—threatening coastal flooding, with waves up to 12 feet high. the storm has already caused widespread destruction in cuba — the entire island is currently without power. 0ur correspondent anjanna gadgil has the latest. the eye of hurricane ian, packed with lightning as it barrels north from cuba over the gulf of mexico. it made landfall in the western province of pinar del rio yesterday, killing two people, destroying the area's famous tobacco farms and causing the country's entire electrical grid to go down. translation: right now, the i electrical system is going through exceptional conditions. there is complete zero in the system. this means there is no electrical service in all of the country.

11 million people were left in the dark. residents of the capital, havana, were lit only by passing cars. most stayed at home in anticipation of flooding and storm surges, caused by the 120 mile an hour winds. and the storm is gaining strength as it makes its way towards florida, state governor ron desantis calling it the real deal. people in southwest florida, this is going to likely make landfall as a category four hurricane. there will be catastrophic flooding and life threatening storm surge. the west coast of florida hasn't seen a storm of this magnitude for over a century. it's declared a state of emergency, with 2.5 million people told to leave their homes. hurricane ian is projected to make landfall later on today. anjanna gadgil, bbc news.

the uk must prepare for a big, early wave of flu, experts are warning — based on what australia has just experienced during its winter. public health officials are urging millions of people to have flu and covid vaccines because of concern about the expected spike over the coming months. our medical editor fergus walsh is here. thank you for coming on to talk about this. let's start with flu. it's not exactly been front and centre of our concerns recently? yes, there is a concern about vaccine fatigue when you have been talking nonstop about it covid jabs until recently. we have had almost no flu at all in the last couple of years and that there is concern because of a waning natural immunity, that we could be in for a bad flu season. although it is very hard to predict exactly what is coming down the pipe but australia, as you said, had its biggest flu season for years and it started it

earlier than normal in the summer. and so that is why the message has gone out to 33 million people to go and have theirflu gone out to 33 million people to go and have their flu vaccine. they include all over 50s, pregnant women who are in a particular out risk group, people with underlying condition, things like asthma, people in care homes and then children who will get a nasal spray vaccine. that is the plea for people to get immunised and the vaccine looks like it's pretty well matched to the strains that are going to be circulating this season, people can book online now at the pharmacy and also gps will be offering the job. before we talk about covid, is it very straight forward, we didn't have much flu because we had covid or because we were doing all of the lockdowns, do we know? yes. or because we were doing all of the lockdowns, do we know? yes, there was a social— lockdowns, do we know? yes, there was a social mixing, _ lockdowns, do we know? yes, there was a social mixing, it _ lockdowns, do we know? yes, there was a social mixing, it was - was a social mixing, it was nonexistent for much of the last two

years and flu does go in cycles. we had a very bad lucy is 27 —— make a very bad flu season 2017—2018. many more hospital admissions. lou should not be underestimated. just more hospital admissions. lou should not be underestimated.— not be underestimated. just on covid, not be underestimated. just on covid. we _ not be underestimated. just on covid, we obviously _ not be underestimated. just on covid, we obviously have - not be underestimated. just on i covid, we obviously have already begun the roll—out of a further top ups for people. with the experience be any different this autumn? it well, about 3 million out of 26 million eligible have had their covid booster. a lot of those will match with those eligible for a flu jab, although, for example, if you are asthmatic, if you have asthma, you are eligible for a flu jab but it is not a indication for flu, you are eligible for a flu jab but it is not a indication forflu, you won't get a flu booster, and children are not being up at the covid booster. but there we seem to be now at the start, i'm afraid to say, of another probable covid wave.

a very early days, but it's just beginning to tick up. and that could see another winter wave of covid. and that is why it's important for people who are eligible to get their covid vaccine.— people who are eligible to get their covid vaccine. thank you very much. the cost of — covid vaccine. thank you very much. the cost of living _ covid vaccine. thank you very much. the cost of living crisis _ covid vaccine. thank you very much. the cost of living crisis is _ covid vaccine. thank you very much. the cost of living crisis is sending i the cost of living crisis is sending people with cancer into a downward spiral, they were suggest to come, thatis spiral, they were suggest to come, that is a prediction from a charity. it's already helped 3a,000 people so far with a financial grant with itches up to 50% on the same last year. our correspondent reports. every timejulie makes a cover, he worries about how much electricity he is using. and how much it will cost. . , :, he is using. and how much it will cost. , i. he is using. and how much it will cost. , , he is using. and how much it will cost. , :, , cost. using your cattle costs money which i generally _ cost. using your cattle costs money which i generally pay _ cost. using your cattle costs money which i generally pay attention - cost. using your cattle costs money which i generally pay attention to. i which i generally pay attention to. and to me, and many other people, they are panicking. we should not be panicking with cancer, if you live

with cancer you wantjust like my advice is to live as normal as you can, but with the cost of living going up, that is going to be nonexistent.— nonexistent. gillian was a successful _ nonexistent. gillian was a successful professional i nonexistent. gillian was a - successful professional football coach, but his life was turned upside down when he was diagnosed with a brain tumour. he was just 29. i can't work, so money is tight, more tight than i could ever have imagined. more tight than i could ever have imauined. 9 :. more tight than i could ever have imauined. 9 ., :, : :, : , more tight than i could ever have imauined. 9 ., :, . :, . , ., more tight than i could ever have imaiined, : ., ., . .,. , ., imagined. what tough choices are you havin: to imagined. what tough choices are you having to make? _ imagined. what tough choices are you having to make? it _ imagined. what tough choices are you having to make? it either— imagined. what tough choices are you having to make? it either petrol - imagined. what tough choices are you having to make? it either petrol for i having to make? it either petrol for hos - ital having to make? it either petrol for hospital appointments _ having to make? it either petrol for hospital appointments or _ having to make? it either petrol for hospital appointments or paying i having to make? it either petrol for hospital appointments or paying for our utilities bills, which have doubled. : , :, our utilities bills, which have doubled. : :, �* ., :, doubled. and you don't want to end u . doubled. and you don't want to end u- bein: doubled. and you don't want to end up being dead? _ doubled. and you don't want to end up being dead? -- _ doubled. and you don't want to end up being dead? -- being _ doubled. and you don't want to end up being dead? -- being in - doubled. and you don't want to end up being dead? -- being in debt. i doubled. and you don't want to end l up being dead? -- being in debt. no, it's a whole — up being dead? -- being in debt. no, it's a whole other _ up being dead? -- being in debt. no, it's a whole other kettle _ up being dead? -- being in debt. no, it's a whole other kettle of _ up being dead? -- being in debt. no, it's a whole other kettle of fish, - it's a whole other kettle of fish, you have bad dreams you sleep badly, no one should have to face that, regardless of whether you have cancer or not, no one should have to face the fact of being in debt or

worrying about what they're going to eat. it's a simple as that.— eat. it's a simple as that. gillian has been helped _ eat. it's a simple as that. gillian has been helped by _ eat. it's a simple as that. gillian has been helped by the - eat. it's a simple as that. gillian has been helped by the cancer. has been helped by the cancer charity macmillan to access universal credit, but says he is struggling. i universal credit, but says he is struggling-— universal credit, but says he is stru~lin~. :, , , struggling. i need heating, because i am on struggling. i need heating, because i am on chemo. _ struggling. i need heating, because i am on chemo, ongoing _ struggling. i need heating, because i am on chemo, ongoing chemo i struggling. i need heating, because i am on chemo, ongoing chemo for| struggling. i need heating, because i i am on chemo, ongoing chemo for the foreseeable future when my body temperature can rise and drop at any given moment. i'm thinking that i won't be able to use the heating because once that heating and energy bill goes up, the more people use you heating the more it will cost. there will be a point where you or just have do not pay it and i don't want to do that. our focus should be cancer and recovery, not worrying about how we're going to survive the next few months.— next few months. gillian's exoerience _ next few months. gillian's experience is _ next few months. gillian's experience is far - next few months. gillian's experience is far from i next few months. gillian's i experience is far from unique, next few months. gillian's - experience is far from unique, the experience is farfrom unique, the charity says it has seen a 54% increase in the number of cancer patients needing financials for this year, compared to the same period

last. , , , , ., , year, compared to the same period last. ,, , last. debbie is a 55, she was diagnosed — last. debbie is a 55, she was diagnosed with _ last. debbie is a 55, she was diagnosed with stage - last. debbie is a 55, she was diagnosed with stage three i last. debbie is a 55, she was - diagnosed with stage three ovarian cancer— diagnosed with stage three ovarian cancer last year. it sort of apply, because — cancer last year. it sort of apply, because the next thing i know, dan and my— because the next thing i know, dan and my younger daughter with air and we were _ and my younger daughter with air and we were just saying, 0k, what happens — we were just saying, 0k, what happens next? we were just saying, ok, what happens next?— we were just saying, 0k, what happens next? we were just saying, 0k, what ha ens next? 9 :, ., , , we were just saying, 0k, what ha ens next? 9 :, :, , , happens next? what happened next was a real roller-coaster, _ happens next? what happened next was a real roller-coaster, chemotherapy, i a real roller—coaster, chemotherapy, three major surgeries and all clear and then the cancer returned. debbie had to stop working, her partner, dan, went part—time to look after her. dan, went part-time to look after her. ., dan, went part-time to look after her. :, ., ., , her. dan and i are really proud --eole her. dan and i are really proud people and _ her. dan and i are really proud people and we _ her. dan and i are really proud people and we don't _ her. dan and i are really proud people and we don't want - her. dan and i are really proud people and we don't want to i her. dan and i are really proud i people and we don't want to take benefits — people and we don't want to take benefits. we want to work and pay our wav~ _ benefits. we want to work and pay our wav~ it — benefits. we want to work and pay our way. it was tough. we don't turn a heating _ our way. it was tough. we don't turn a heating on. — our way. it was tough. we don't turn a heating on, it's so expensive, we use these — a heating on, it's so expensive, we use these bankers, really nice, soft, _ use these bankers, really nice, soft, we — use these bankers, really nice, soft, we just like to have blankets.

we don't _ soft, we just like to have blankets. we don't want to get into a financial— we don't want to get into a financial situation when we start losing _ financial situation when we start losing our — financial situation when we start losing our home just like we want to keep our— losing our home just like we want to keep our heads above. we will do whatevet — keep our heads above. we will do whatever. and blankets work fine. debbie _ whatever. and blankets work fine. debbie says she didn't want to be a burden on society, so hasn't claimed benefits. she has received some money from the macmillan which she describes as a godsend. i feel money from the macmillan which she describes as a godsend.— describes as a godsend. i feel that --eole describes as a godsend. i feel that people being _ describes as a godsend. i feel that people being treated _ describes as a godsend. i feel that people being treated for— describes as a godsend. i feel that people being treated for cancer, i people being treated for cancer, it's not— people being treated for cancer, it's not a — people being treated for cancer, it's not a joke, they really are being — it's not a joke, they really are being treated for cancer. therefore the government or the nhs or whoever the government or the nhs or whoever the powers— the government or the nhs or whoever the powers that be should have an automatic— the powers that be should have an automatic system in place that says, regardless _ automatic system in place that says, regardless of whether you are employed, self employed, you probably need this injection of funding — probably need this injection of funding just to help you see you through— funding just to help you see you through the worst of your illness. and i_ through the worst of your illness. and i think— through the worst of your illness. and i think that would be much better— and i think that would be much better and it'sjust and i think that would be much better and it's just avoids and i think that would be much better and it'sjust avoids people feeling _ better and it'sjust avoids people feeling like all you do,

embarrassed,. also really grateful, £700 _ embarrassed,. also really grateful, £700 for— embarrassed,. also really grateful, £700 for a — embarrassed,. also really grateful, £700 for a macmillan change our wintet _ £700 for a macmillan change our winter. is — £700 for a macmillan change our winter. . £700 for a macmillan change our winter. , . :,, £700 for a macmillan change our winter. , _,, :, winter. is the cost of living crisis really starts _ winter. is the cost of living crisis really starts to _ winter. is the cost of living crisis really starts to bite, _ winter. is the cost of living crisis really starts to bite, it _ winter. is the cost of living crisis really starts to bite, it is - winter. is the cost of living crisis really starts to bite, it is having | really starts to bite, it is having a serious impact on people living with cancer. let's take a look at headlines. the bank of england has stepped in to try to restore order in government bond markets after interest rates soared after the mini budget last week, it said rising cost of borrowing now represents a threat to the uk's financial stability. health officials are urging those eligible to get their flu jabs and covid boosters, warnings of a early wave of flu this autumn. and ukrainian president has pledged to protect citizens in areas of his country that could now be annexed by russia. after moscow organised unofficial referendums.

let's stay with ukraine, because russia said they would veto any resolution of the un security council, condemning its self—styled referendums in occupied regions of ukraine. united states says it would bring a draft resolution to vote in the coming days. secretary of state said at the west would never acknowledge what he called bogus referendums. moscow claims almost total support in at the voter from those part of ukraine forjoining the country. our correspondent is in the country. our correspondent is in the ukrainian capital and he explains the significance of what the russians are calling referendums. let me give you some numbers. they are quite something. in donetsk, in the east, the authorities say more than 99% of the vote were in favour

of joining than 99% of the vote were in favour ofjoining russia, in luhansk, 98%, and in person, the region of south where we have seen a very strong resistance movement against the russian occupation, that number was said to be 87%. so nobody, but from those who organised these so—called referendums, those who supported it, will be agreeing with those results, exempt the legitimacy of these numbers or any decision that may be announced by russia. here in ukraine the authorities have said that this was a farce, a propaganda exercise by moscow and that this is going to be used by russia as an excuse for a land grab. 0n be used by russia as an excuse for a land grab. on friday, president putin is expected to make a speech to parliament and i think the expectation is that he is going to lay out his plans and his decisions, following this so—called referendums, in these four regions

of ukraine. ih referendums, in these four regions of ukraine. 9 referendums, in these four regions of ukraine-— of ukraine. in which case, if the international— of ukraine. in which case, if the international committee - of ukraine. in which case, if the international committee won't i international committee won't recognise the outcome of these referendums, what is in it for russia in pushing ahead with them? that is a very interesting question, so here this morning i interviewed one of president's zelensky advisors. he said nothing changes, because there is no legal application as a result of this vote, he said that the ukrainians will go ahead with the counter offensive to retake territory that has been under russian occupation. i think the fear is that ratios may say it, these areas are now part of russia, and any attack on those areas will be seen as an attack on russia itself. even though the legitimacy of these votes, the legitimacy of these votes, the legitimacy of these votes, the legitimacy of this process will not be recognised by the international community. and i think we are hearing western countries are saying

about more sanctions will be imposed on russia, it moscow goes ahead with any annexation of ukrainian territory. it's been more than a week since large scale disorder broke out in leicester, which has led to tension between the city's hindu and muslim committees. this week starta... hindu and muslim committees. this week start a... the festival is usually celebrated with great pomp and style. this is one of the most popular roads here, clothes and jewellery stores, this road is a popular destination notjust locals, but also for visiting tourists. it also said to be the to the largest celebrations outside asia with such thousands of people visiting the city to take part in the

festivities. 37% of the people living in leicester are south asians and so, every year festivals like these are celebrated in great pomp and style. but, recent large—scale disorderwhich and style. but, recent large—scale disorder which broke out in leicester on the 17th of september involving young men, both from the hindu and the muslim communities, has caused huge communal clashes and tensions between the two groups. the incident is one of a number of un—rests and disturbances that have been taking place in leicester over the last few weeks. i've come to leicester to see how the recent incidents have affected the people are living here and to see if all of this unrest has dampened this year's celebrations. it this unrest has dampened this year's celebrations-— celebrations. it hasn't affected me ma'orl , celebrations. it hasn't affected me majorly. maybe — celebrations. it hasn't affected me majorly. maybe my _ celebrations. it hasn't affected me majorly, maybe my mum - celebrations. it hasn't affected me majorly, maybe my mum being i celebrations. it hasn't affected me i majorly, maybe my mum being scared, saying don't go out on your own, yes that has affected me, but the majority, right now i am

president... and we are looking to be scared about. bill president. .. and we are looking to be scared about.— be scared about. all communities, are not very _ be scared about. all communities, are not very happy _ be scared about. all communities, are not very happy with _ be scared about. all communities, are not very happy with what i are not very happy with what happened, because it has never happened, because it has never happened before. and we were living peacefully, we lived in peace, but this thing — peacefully, we lived in peace, but this thing has created a number of problems — this thing has created a number of problems. but i think it sorted out. all the _ problems. but i think it sorted out. all the celebrations are running normally, — all the celebrations are running normally, all of the occasions are celebrated — normally, all of the occasions are celebrated nicely.— normally, all of the occasions are celebrated nicely. some people who were a bit at — celebrated nicely. some people who were a bit at unease, _ celebrated nicely. some people who were a bit at unease, not _ celebrated nicely. some people who were a bit at unease, not scared i celebrated nicely. some people who were a bit at unease, not scared but uneasy— were a bit at unease, not scared but uneasy to _ were a bit at unease, not scared but uneasy to come _ were a bit at unease, not scared but uneasy to come out _ were a bit at unease, not scared but uneasy to come out and _ were a bit at unease, not scared but uneasy to come out and after - were a bit at unease, not scared but| uneasy to come out and after buying the tickets _ uneasy to come out and after buying the tickets said _ uneasy to come out and after buying the tickets said is _ uneasy to come out and after buying the tickets said is it— uneasy to come out and after buying the tickets said is it still— uneasy to come out and after buying the tickets said is it still on, - uneasy to come out and after buying the tickets said is it still on, and i the tickets said is it still on, and we had — the tickets said is it still on, and we had to— the tickets said is it still on, and we had to reassure _ the tickets said is it still on, and we had to reassure them - the tickets said is it still on, and we had to reassure them and i the tickets said is it still on, and i we had to reassure them and send them _ we had to reassure them and send them the — we had to reassure them and send them the message _ we had to reassure them and send them the message that _ we had to reassure them and send them the message that the - we had to reassure them and send i them the message that the organisers -ot them the message that the organisers got together— them the message that the organisers got together and — them the message that the organisers got together and we _ them the message that the organisers got together and we had _ them the message that the organisers got together and we had a _ them the message that the organisers got together and we had a meeting i got together and we had a meeting with the _ got together and we had a meeting with the police _ got together and we had a meeting with the police about _ got together and we had a meeting with the police about securities i got together and we had a meeting j with the police about securities and about _ with the police about securities and about controt _ with the police about securities and about control. and _ with the police about securities and about control. and the _ with the police about securities and about control. and the police - with the police about securities and about control. and the police had i about control. and the police had sent the — about control. and the police had sent the messages _ about control. and the police had sent the messages saying - about control. and the police had i sent the messages saying celebrates as usual, _ sent the messages saying celebrates

as usual, celebrates _ sent the messages saying celebrates as usual, celebrates other— sent the messages saying celebrates as usual, celebrates other events i sent the messages saying celebrates as usual, celebrates other events as| as usual, celebrates other events as usual, _ as usual, celebrates other events as usual, everything— as usual, celebrates other events as usual, everything is— as usual, celebrates other events as usual, everything is under— as usual, celebrates other events as usual, everything is under control, i usual, everything is under control, if you _ usual, everything is under control, if you need — usual, everything is under control, if you need extra _ usual, everything is under control, if you need extra support, - usual, everything is under control, if you need extra support, please i usual, everything is under control, i if you need extra support, please we will be _ if you need extra support, please we will be there — if you need extra support, please we will be there. we _ if you need extra support, please we will be there. we will— if you need extra support, please we will be there. we will be _ if you need extra support, please we will be there. we will be there. - if you need extra support, please we will be there. we will be there. as i will be there. we will be there. as you can _ will be there. we will be there. as you can see, — will be there. we will be there. as you can see, it— will be there. we will be there. as you can see, it was _ will be there. we will be there. as you can see, it was the _ will be there. we will be there. as you can see, it was the same - will be there. we will be there. as you can see, it was the same as. will be there. we will be there. as i you can see, it was the same as last year and _ you can see, it was the same as last year and the — you can see, it was the same as last year and the year— you can see, it was the same as last year and the year before. _ so, the battle is on between glasgow and liverpool — to host next year's eurovision song contest. the shortlist to stage the event — which will bring thousands of visitors to the winning city, as well as a global audience of tens of millions — was whittled down to two yesterday. the uk is next year's host after coming 2nd at the competition in may behind ukraine. 0ur entertainment correspondent colin paterson has been finding out what the two cities say they have to offer. it's the beatles versus the barras. liverpool vs glasgow. going head to head to host eurovision. and both have previous with the contest, liverpool's sonia coming second in 1993. glasgow's lulu winning in 1969.

and glasgow's rikki peebles, who represented the uk in 1987, is thrilled by his hometown making the final two. i'm delighted, actually. if it comes here, i'll be in the front row, hopefully, to just enjoy it. your memories of that night, performing. i've played to something like 300 million people and one night, one night that that floored me because some artists don't get that in a lifetime. in liverpool, this is how the news was broken. why should liverpool over glasgow host the eurovision song contest next year? what have we got that

the glaswegians aint? people in the city are delighted. i think it'd be great in terms of local industry and i think do brilliantly for so many local independent shops. getting more business in. my ex—boyfriend used to love eurovision. we went on our first year anniversary and he made me watch it in the hot tub. i'm notjoking. oh, my god. it's going to be - the night of the year. in 1988, another glaswegian scott fitzgerald represented the uk at eurovision and lost by one point to celine dion. if glasgow is awarded the contest, the hydro will have to cancel all the acts booked into play during the six week run up, including one celine dion. 35 years later, glasgow could have its eurovision revenge. colin paterson, bbc news, glasgow.

now it's time for a look at the weather. hello. the weather's looking a little mixed over the next couple of days, certainly today and tomorrow, a chance of catching some showers, but also plenty of spells of sunshine. by friday, it'll be very different. a big autumn low heading our way with heavy rain and strong winds. so here's the satellite picture from earlier on. and the cloud cover is quite varied across the uk. quite a cluster of showers this afternoon expected around the north—east of england, which will then spread through yorkshire, move further southwards into the midlands, wales and eventually reach the south of england by the early hours of thursday morning. so a mixed picture overnight. the temperatures will also be varied overnight, four degrees, for example, in east anglia, but close to coastal areas here. 0ut west, i think around ten celsius. so the forecast for thursday shows this large area of low pressure spread across the continent, but much more vigorous areas of low

pressure waiting out in the atlantic to come our way. so thursday's forecast indicates a mixture of sunshine and a few showers. on balance, a dry day most of the day. temperatures will reach around 17 degrees. the winds will be a little bit lighter. there'll be more sunshine. so that will allow the temperatures to recover at least somewhat. so i think a pleasant day overall. now, here's friday, a totally different picture. heavy rain and wind sweeping across the uk linked to this very big autumn lowjust parked to the south of iceland. here it is from the early hours of the morning. could start off quite bright out towards the east. but then this weather front sweeps through. it's quite a broad weather front. so a lot of us are in for some rain and some very strong winds as well around coastal areas, easily touching gale force. so some proper autumn weather for the end of the week. despite this, the temperatures shouldn't be too low. around 17 in london, 1a in edinburgh. but it's not going to feel like it once the wind and the rain arrives.

now, that weather front does sweep through during the course of saturday morning and then through the course of the weekend, we are going to be dominated by this area of low pressure, which will continue to push a breeze across the uk. and also with that, some showers. so a mixed bag this weekend. there will be some sunny spells, occasional showers, and at times it will remain blustery. have a good day.

this is bbc news. the headlines.. the bank of england steps in to try to restore order in government bond markets — after interest rates soared in the wake of the government's mini—budget. it said the rising cost of borrowing now represents a threat to the uk's financial stability. noa no a momentous error by the truss government can create a domino effect that will bring down the treasury market, the public debt market. 9 9. treasury market, the public debt market. 9 :, :, , 9, market. what the government needs to do now is recall — market. what the government needs to do now is recall parliament _ market. what the government needs to do now is recall parliament and - do now is recall parliament and abandon— do now is recall parliament and abandon this budget before any more damage _ abandon this budget before any more damage is— abandon this budget before any more damage is done. humiliated, abused and isolated for weeks. patients put at risk due to a

toxic culture at one of the country's biggest mental health hospitals. health officials are urging those eligible to get their flu jabs and covid boosters. experts have warned of a big, and early wave of the flu this autumn. leaders of several european countries claim that rare gas leaks that have hit the nordstream pipelines were not accidents but deliberate acts. gas flows in the nordstream 0ne pipeline were stopped in august. the bank of england has stepped in to prop up the government bond market, after uk interest rates soared and gilts tumbled, following the government's mini budget. the bank warned the market's

reaction to the government's measures now represented a material risk to uk financial stability. it says the market for gilts, in which the british government borrows, has become dysfunctional, and threatens the finances of uk households and businesses. investors fear the big market moves are a particular threat to the uk's pension funds, and could cause spill—over damage across the financial sector. here's our economics correspondent, andy verity. ever since last friday, the bank of england's governor andrew bailey has been trying to resist taking emergency measures following kwasi kwarteng's huge tax cuts to be funded by borrowing. but now the cost of borrowing on financial markets has forced him to. in an emergency statement, the bank of england said, were dysfunction in this market to continue or worsen, there would be a material risk to uk financial stability. it said it was seeking to restore market functioning and reduce any risks from contagion to credit conditions for uk households and businesses, and it would intervene on whatever scale is necessary to do so. worried about the credibility of the chancellor's plans, traders have been selling government

bonds, the instruments it uses to borrow money, forcing the government to pay much more in interest to borrow funds over the long term. now the bank is trying to counter that by buying the same bonds. since its announcement, that long—term borrowing cost has dropped, but only by a little, before bouncing again. it's an embarrassment for the bank of england, which only last week announced it was selling government bonds, not buying them. i have to say that this reaction to keep buying bonds and reverse plans to sell them is a real damaging impact on their credibility. it suggests that the actions of the government last week have put them in a really difficult spot in trying to deal with their primary target, which is trying to get inflation back to 2%. it's notjust markets that don't like the government plans. the world's lender of last resort, the international monetary fund, whose role is to help countries out in financial emergencies, fears the government plans will backfire. in a statement it said, developments in uk will be closely

monitored and untargeted fiscal packages were not recommended at a time of high inflation. it warned it government its mini budget wrist increasing inequality. this is about a confidence game. the animal spirits of the markets you don't want to unleash against you. you want to show you are a well—organised government with a stable and well thought through plan and that the whole government and bank of england are working as one. so now they have a lot of ground to recover because somehow you have to show that there is real coherence across these policies. the kind of warning that britain received from the imf today i | is a kind of warning that comes much| more frequently to emerging markets with new governments - than to a country like britain. the government is hoping that by handing out tax cuts people have

more money to spend and that will stimulate the economy to grow and improve living standards. but the imf is warning it could have the opposite effect because the pound is weak, import prices are higher, and that pushes up inflation and, to fight inflation, interest rates have to rise faster than previously thought and that could hit ordinary people where it hurts — in their mortgage payments. so far, the bank of england's announcement hasn't worked to calm financial markets. the index of uk—listed companies is tumbling down 2% and traders are again selling the pound, now worth less than $1.06. andrew verity, bbc news. the warning from the the warning from the imf the warning from the imf about the warning from the imf about the the warning from the imf about the mini budget under nines international fears that a financial turmoil could spread. 0vernight, the us treasury secretary janet yellen expressed american concern over the british government's measures, and

an hour ago i spoke to yunus volikakis, who said that during the bailout crisis that he is no friend of the imf. i bailout crisis that he is no friend of the mr— bailout crisis that he is no friend of the imf. :, :, ~ :, ., ., of the imf. i am not known as a fan of the imf. i am not known as a fan ofthe of the imf. i am not known as a fan of the imf, — of the imf. i am not known as a fan of the imf, but— of the imf. i am not known as a fan of the imf, but it _ of the imf. i am not known as a fan of the imf, but it was _ of the imf. i am not known as a fan of the imf, but it was right - of the imf. i am not known as a fan of the imf, but it was right to i of the imf, but it was right to express a view. let's face it, the good news, from the british perspective, is that the united kingdom is not greece. you issue the currency in which you borrow your money and that is a great advantage to have. so, you are not argentina or greece. at the same time, it is perfectly possible that this momentous error by the liz truss government can create a domino effect that will bring down the treasury markets, the public debt market in the united states. that would be a calamity for the united

states and a global capitalism. that is why the imf stepped in. it was not just is why the imf stepped in. it was notjust one of those imf interventions, pointing fingers at the government in emerging markets. let me ask you, then, in terms of your experience, you mentioned the fact that greece was different because it was part of a single currency. how did that advantage you and disadvantage you, as compared to the situation we are facing? i and disadvantage you, as compared to the situation we are facing?— the situation we are facing? i can't recall a single _ the situation we are facing? i can't recall a single advantage - the situation we are facing? i can't recall a single advantage that i the situation we are facing? i can't recall a single advantage that we i recall a single advantage that we had. when you are a bankrupt state that doesn't issue its own currency, and effectively borrows in the foreign currency, the euro, issued by a bank in frankfurt, there is no comparison. by a bank in frankfurt, there is no comparison-— comparison. bluntly, we are in a better place _ comparison. bluntly, we are in a better place than _ comparison. bluntly, we are in a better place than greece - comparison. bluntly, we are in a better place than greece was i comparison. bluntly, we are in a better place than greece was forj comparison. bluntly, we are in a i better place than greece was for a lot of reasons?— better place than greece was for a lot of reasons? yes. let's be clear, encland lot of reasons? yes. let's be clear,

england is — lot of reasons? yes. let's be clear, england is an _ lot of reasons? yes. let's be clear, england is an advanced _ lot of reasons? yes. let's be clear, england is an advanced economy. i lot of reasons? yes. let's be clear, i england is an advanced economy. the united kingdom has the tools, the levers that can be pulled to steer it in the right direction. unfortunately, it has a government that, two yes before a general election, has boxed itself into a corner and it is very likely to combine one error with another. the former greek finance minister. jamie rush is the chief european economist at bloomberg. thank you very much for talking to us. the bank announced the intervention, it was saying that its first auction was going to take place this afternoon. have we heard anything yet? latte place this afternoon. have we heard anything yet?— place this afternoon. have we heard an hinu et?9 ~' 9, :, , , anything yet? we know that the signs ofthe anything yet? we know that the signs of the auction — anything yet? we know that the signs of the auction is _ anything yet? we know that the signs of the auction is going _ anything yet? we know that the signs of the auction is going to _ anything yet? we know that the signs of the auction is going to be - anything yet? we know that the signs of the auction is going to be about i of the auction is going to be about £5 billion, running over a number of days. i think the big picture is that they have stepped in, the size of the purchase has been very effective in terms of reducing yields for government debt. flan effective in terms of reducing yields for government debt. can i uuote ou yields for government debt. can i quote you what — yields for government debt. can i quote you what jane _ yields for government debt. can i quote you what jane foley - yields for government debt. can i quote you what jane foley was saying at rabobank? she said, the pound

remains extremely vulnerable. and then she made an observation. saying that the intervention looks like the bank has been forced to save the market and also suggest an element of panic in the bank. she adds that it doesn't address the initial problem, this isjust firefighting. is that the difficulty? the bank can only do so much? i is that the difficulty? the bank can only do so much?— only do so much? i think that is riuht. only do so much? i think that is right- the _ only do so much? i think that is right. the initial— only do so much? i think that is right. the initial problem, i only do so much? i think that is right. the initial problem, of. right. the initial problem, of course, is that markets have lost faith in the government fiscal policy. that is the primary reason that interest rates have gone up, and this is having spill—overs to the real economy. but it wouldn't be right for the bank of england to just stand by and allow pension funds to fail, for a financial crisis to erupt in markets. the bank is dealing with the consequences of this. it has a very difficultjob ahead of its. thankfully, it has at least bought some time for the government to consider its policies. the question, i suppose, is how much

credibility does the bank have, given that liz truss, during her leadership election, made clear that she was not a great fan of what the bank has been doing either. all right, she has stepped back from saying there is no question of intervening in the bank, or questioning its independence. there must be some doubts in about whether, behind—the—scenes, the chancellor and the governor see to i. ~ ., , chancellor and the governor see to i. i think that is probably a lesser concern for _ i. i think that is probably a lesser concern for people _ i. i think that is probably a lesser concern for people in _ i. i think that is probably a lesser concern for people in the - i. i think that is probably a lesser. concern for people in the markets. right now, incentives are aligned, the bank of england is doing what the bank of england is doing what the government needs to do to maintain financial stability. the government does not want the bank to step back from that responsibility. i think the bigger problem really is confidence in the government fiscal policy itself, not so much the belief that the bank of and has been co—opted to do something it shouldn't be doing. the co-opted to do something it shouldn't be doing. the challenge presumably _ shouldn't be doing. the challenge presumably comes, _ shouldn't be doing. the challenge presumably comes, for _ shouldn't be doing. the challenge presumably comes, for your - shouldn't be doing. the challenge i presumably comes, for your former employer, the office for budget

responsibility, they were not asked to give an assessment for the plans for the mini budget before it was announced. we are now told they will be involved in what we were told was going to happen to late november, mid—to—late november. how big a responsibility rests on their shoulders?— responsibility rests on their shoulders? , ., , , ., shoulders? the problem here is that the credibility _ shoulders? the problem here is that the credibility takes _ shoulders? the problem here is that the credibility takes a _ shoulders? the problem here is that the credibility takes a long _ shoulders? the problem here is that the credibility takes a long time - shoulders? the problem here is that the credibility takes a long time to i the credibility takes a long time to build up for the uk. and it has been eroded ratherfast. it is not going to be easy to rebuild it. even if the government is able to balance the government is able to balance the books and say they have spending cuts to max the tax giveaways, even if the obr rules that these are somehow fiscally sustainable, then you are still going to have an uphill battle to convince markets that competence is there on that economic framework. do that competence is there on that economic framework.— that competence is there on that economic framework. do you think, from where — economic framework. do you think, from where you _ economic framework. do you think, from where you sit, _ economic framework. do you think, from where you sit, that _ economic framework. do you think, from where you sit, that it - economic framework. do you think, from where you sit, that it is - from where you sit, that it is credible for the government back to say, look, you're going to have to

wait for more than a month before you hear more from us about our strategy? you hear more from us about our stratea ? ~ ., you hear more from us about our strate- ? ~ ., ., you hear more from us about our stratea ? ~ ., ., , strategy? well, that would be october, wouldn't _ strategy? well, that would be october, wouldn't it? - strategy? well, that would be october, wouldn't it? i- strategy? well, that would be october, wouldn't it? i would| strategy? well, that would be - october, wouldn't it? i would guess there would have to be action before then. are they going to be able to come up with a coherent plan in the space of a month to square that circle? to me, it is not credible. spending cuts are difficult to do because they have already been done a lot. the growth miracle is unlikely to materialise. there are very few options apart from riding back on policies they have already announced. back on policies they have already announced-— announced. jamie rush, from bloomberg. _ announced. jamie rush, from bloomberg, thank _ announced. jamie rush, from bloomberg, thank you - announced. jamie rush, from bloomberg, thank you very i announced. jamie rush, from - bloomberg, thank you very much. the labour leader has said the move by the bank of england to intervene in the bond markets is "very serious". he called for parliament to be recalled and "abandon" the announcements made in last week's budget before "any more damage is done". the move by the bank

of england is very serious. and i think many people will now be extremely worried about their mortgage, about prices going up, and now about their pensions. the government has clearly lost control of the economy. and, unlike other situations, where it may be a world event, an unexpected event that causes this sort of crisis, this is self inflicted. this was made in downing street, last friday. and for what? for uncosted tax breaks for those earning hundreds of thousands of pounds. and so what the government needs to do now is recall parliament and abandon this budget before any more damage is done. let's talk to our political correspondent leila nathoo. what is the mood? do you have a sense that this move for recalling parliament is getting traction among conservatives?—

conservatives? opposition party sense there _ conservatives? opposition party sense there is _ conservatives? opposition party sense there is pressure - conservatives? opposition party sense there is pressure on - conservatives? opposition party sense there is pressure on the l sense there is pressure on the government, so they are asking for ministers to come and explain themselves. we haven't heard this week from the chancellor, kwasi kwarteng, or the prime minister, liz truss. there is a sense that events have been very fast—moving and has been silence from those two figures. labour are calling for an urgent recall of parliament. remember, it is on recess to allow for the political party conferences. the conservative party will be holding their own conference, beginning this weekend in birmingham. a lot of eyes will be on that, the announcements then. certainly for now, labour are then. certainly for now, labourare keen then. certainly for now, labour are keen to keep up the pressure, to draw attention to the fact that the events are still being influenced by the policies that were announced not only five days ago. but i think there is also nervousness in the tory party. the accusation of the government being reckless, that labour are levelling, that has been echoed by quite a number of tory mps. there is nervousness, anxious feelings in the conservative party

about the government's economic credibility, about what people are going to be experiencing as a result of the measures announced, that package of tax cuts. i don't think it has yet reached the state of mutiny. people are trying to keep lid on things and keep calm heads in terms of talk and speculation of letters of no confidence going on. i think there is definitely a sense of anxiousness and concern about the government's policies, words like reckless, inept, ortoo dogmatic have been used to me today. i don't think there is a sense that tory mps are about to go into full—blown mutiny over this just yet. clearly, there is a sense that they do want to give the budget time to work, evenif to give the budget time to work, even if there is nervousness, concern and disbelief in various quarters about the level of growth, for example, the government says it is going to generate. there is plenty of anxiety within the tory party about how things are unfolding. but labour and the

liberal democrats are keen to keep up liberal democrats are keen to keep up the pressure. we liberal democrats are keen to keep up the pressure-— liberal democrats are keen to keep up the pressure. we haven't seen the chancellor. — up the pressure. we haven't seen the chancellor, correct _ up the pressure. we haven't seen the chancellor, correct me _ up the pressure. we haven't seen the chancellor, correct me if— up the pressure. we haven't seen the chancellor, correct me if i _ up the pressure. we haven't seen the chancellor, correct me if i am - chancellor, correct me if i am wrong, orany chancellor, correct me if i am wrong, or any other government minister. at the treasury did put out a statement saying that the chancellor had been meeting or talking to investment bank executives today, saying the chancellor underlined the government's clear commitment to fiscal discipline, reiterating that he is working closely with the governor of the bank of england and the office for budget responsibility ahead of his medium—term fiscal plan, which is due on the 23rd of november. do you get a sense that people at westminster think that is enough, to say it will all be fine in november? i enough, to say it will all be fine in november?— in november? i think there is obviously _ in november? i think there is obviously a — in november? i think there is obviously a lot _ in november? i think there is obviously a lot going - in november? i think there is obviously a lot going on - in november? i think there is i obviously a lot going on behind in november? i think there is - obviously a lot going on behind the scenes, clearly a lot of conversation between the treasury and the bank of england. you saw the coordinated statements earlier about the bank of england's intervention. yes, as you say, the treasury is keen to present kwasi kwarteng as meeting people that he needs to behind—the—scenes. he has been holding conversations with conservative mps as well, to try to

reassure them. yesterday there was a joint call with dozens of tory mps to try to explain goings—on and answer any questions. yes, i think there is an issue for the government that they haven't made any pronouncements publicly this week, and such has been the speed of events that i think that is starting to feel quite conspicuous, that there has been no comment from the chancellor publicly, or liz truss, the prime minister. certainly, this announcement of another budget later in november, that feels very far away. if you think it was only five days ago that the mini budget, or the budget in all but name, was announced, and five days and we are where we are now. certainly, to throw forward almost two months to november, i think it feels unlikely at this point that nothing can be said or done before that. i think there are some heads in the tory party that wants to see how things settle. the move by the bank of england is intended to calm the markets and see how things unfold. but we do have the conservative

party conference coming up within the next week, so we will hear from the next week, so we will hear from the chancellor and the prime minister in their set piece speeches then at least, if not before. yes, certainly there is a sense that the fiscal event, or the next budget in november, where more measures will be set out, that it does, from here, right now, if you're very far away. thank you very much. and if you go to bbc.co.uk/news our personal finance correspondent kevin peachey and the finance analyst myron jobson are currently answering your questions. lots about mortgages there, renting and buying as well — they're covering all aspects of the housing market. and we'll also be answering your questions here too, in a couple of hours — that's your questions answered at liz30, where i'll be joined by mortgage expert ray boulger and the housing journalist vicky spratt.

any questions, do get in touch. let me bring you some breaking news. this is a case you may remember a former footballer dalian atkinson, who was tasered in telford. that lead to legal action, because he died. pc mary ellen smith has been cleared of assaulting the retired footballer prior to his death in shropshire in 2016. cleared of assault, pc mary ellen bettley—smith, priorto assault, pc mary ellen bettley—smith, prior to the death of the former footballer six years ago. speaking on the final day of the labour party conference, keir starmer said the conservatives could never claim to be the party of fiscal responsibility. our political correspondent jonathan blake has this report. in liverpool, labour are convinced things are looking up. there's a confidence that the party has changed and is now

ready to govern again. facing criticism he's too lacklustre to lead, sir keir starmer wants to fight the tories on the economy and, before the bank of england's intervention this morning, said the current turmoil is a mess of the government's making. you know, the government can never again look the electorate in the eye and claim to be a party of fiscal responsibility. they've acted irresponsibly, they've lost control of the economy. and for what? to put taxes down for those on hundreds of thousands of pounds and prices up for working people. it's the worst possible situation that we could find ourselves in. he sees green energy as the future for the economy, but big questions remain about how labour would pay for its plans and just how much difference the party could make in government. yes, it's going to be tough. is it doable? yes, it is. are we determined to do it? yes.

have we got others coming up alongside us to say this is a plan that we can make work? yes, we have. we actually need a government that moves forward carefully and confidently. how are you getting on? and after an otherwise uneventful few days, sir keir was asked about the mp rupa huq's comments here that the chancellor, kwasi kwarteng, was superficially black. in my view, what she said was racist. i'm very glad that the labour party, under my leadership, suspended her straightaway. we took very swift action. it now does go under our rules into an investigation, an independent investigation. that's the process in place for all allegations. and we need to let that take its course. i'm with you. i really appreciate that. at labour's love—in here, strong dissent has been hard to find, but disagreements about support for striking workers, public sector pay and changes to the voting system have rumbled on. today, the party promised free breakfast clubs at primary schools and guaranteed face to face gp appointments in england. angela rayner. the conference ended with a rallying cry.

now let's rise to the moment and deliver for working people of britain. let's build a fairer, greener future with a labour government in power once again. thank you. the big theme here has been the belief that labour seems to have in itself once again — a sense that sir keir starmer has got the party in line. labour members know, though, convincing themselves they're ready to govern again is one thing. convincing the country is quite another. jonathan blake, bbc news, liverpool. our political correspondent damian grammaticas has the latest. conference has wrapped up now. the delegates have been leaving, the stands are being wound down. but politics goes on, that crisis goes on, and keir starmer has been saying, as you point out, that the next response, or the response from the government, should be this recall of parliament. he says what

they should do is abandon the budget that they or their tax measures laid out last friday, to undo the damage. as you are hearing there, he says this is a self—inflicted wound and the tory party cannot claim to be competently managing the economy. he wants to say labour are the ones that should be able to do that. the liberal democrats have been calling for the recall of parliament as well. also, more criticism of the chancellor, kwasi kwarteng. labour's deputy leader, angela rayner, in her final speech of the conference yet was poking fun at the chancellor, saying that ten years ago there was a young tory mp who had said in parliament that it should be the job of a chancellor to have a balanced budget every year, and if they didn't do that they should take a 20% tax cut. that mp, she said, was called kwasi kwarteng, and he is now

the chancellor. labour, sharpening their attacks on the government, as all this unfolds. i will be here on sunday afternoon, as we report on the start of the conservative party conference in birmingham. we will have full coverage on bbc news. an investigation by the bbc�*s panorama programme has exposed what is described as a toxic culture at one of the uk's largest mental health hospitals. an undercover reporter working at the edenfield centre near manchester filmed patients being mocked, inappropriately restrained and enduring long periods of seclusion in small, bare rooms. the nhs—run hospital says it has taken immediate action to safeguard patients, and that some staff have been suspended. it's also commissioned an independent clinical review. here's our social affairs editor, alison holt. this is the edenfield mental health hospital in prestwich. it feels like the walls are closing in. my chest is closing in on me. the patients in its care are vulnerable, sometimes challenging.

there's a serious risk they could harm themselves, or others. what's going on at this hospital, by and large, isn't working for the patients, and is often actively cruel. panorama's undercover reporter alan haslam spent three months here as a health care support worker. he found a toxic culture, with patients bullied and mocked. sometimes wards were worryingly understaffed. and patients feel failed. this is harley. she's 23, has autism, and a history of self—harm. staff say at times she assaults them. she says she's provoked.

the hidden camera shows harley held in a small, bare seclusion room for more than two weeks. it should only be used for short periods of time. after being allowed into the room next door, it's said harley has become verbally abusive. at least eight staff, including managers, go to restrain her and put her back in seclusion. there's no discussion. official guidance says they should use the least restrictive way of moving her. and she was calm and she was even saying, just listen to me, just give me a chance to talk. and they just weren't. there is some good care at the hospital, but the undercover reporter also sees basic care that doesn't always happen. like 15 minute checks on patients.

and he sees records for these observations being falsified. they're important for monitoring care. and if anything goes wrong. it's a culture that experts warn feels unsafe. i think you're quite clearly seeing toxic stuff. and i think there's an awful lot of hostility towards patients across all of the wards. the trust which runs the hospital says the allegations will be fully investigated and that it owes it to the communities it serves to ensure the best care every day. a number of staff have been suspended. alison holt, bbc news. and you can see more on panorama tonight — that's �*undercover hospital: patients at risk�* on bbc1 at 9pm.

the european union has said leaks in two major gas pipelines from russia to europe are the result of sabotage. eu commission president ursula von der leyen stopped short of accussing russia of causing the leaks in nordstream one and two, but said deliberate disrpution would be met with a strong response. the pipelines, which run under the baltic sea, aren't currently operational, but still contain gas. now it's time for a look at the weather. hurricanes side in one part of the world, what is it looking like here? quite a chilly day out there for many of us, and that's how it's going to stay over the next few days. if anything, by the time we get to friday, it's going to feel even colder with heavy rain and very strong winds moving in. the cloud cover is quite varied across the country today. there are some showers, in some places perhaps, more persistent rain not particularly pleasant on the northeast coast of england through the course of this afternoon as we see these clusters

of showers moving through, which will eventually spread into the midlands, parts of wales and also southern england by the early hours of thursday morning. now, the overnight temperatures will also vary quite a bit. four degrees in norwich, but ten degrees expected there in belfast. how about tomorrow? could be grey for a time in the south, but generally speaking, tomorrow isn't going to be a bad day. there'll be frequent spells of sunshine, occasional showers and the temperatures still a little below the average. norwich 15, 16 expected in belfast.

this is bbc news. the headlines.. the bank of england steps in to try to restore order in government bond markets — after interest rates soared in the wake of the government's mini—budget. it said the rising cost of borrowing now represents a threat to the uk's financial stability. a momentous error by the truss government can create a domino effect that will bring down the treasury market, the public debt market. what the government needs to do now is recall parliament and abandon this budget before any more damage is done.

health officials are urging those eligible to get their flu jabs and covid boosters. experts have warned of a big, and early wave of the flu this autumn. leaders of several european countries claim that rare gas leaks that have hit the nordstream pipelines were not accidents but deliberate acts. gas flows in the nordstream one pipeline were stopped in august. sport now and a full round—up. england's t20 match against pakistan has just got under way. captain moeen ali has decided to bowl first. the series has moved to lahore with the series the series has moved to lahore with the series tied the series has moved to lahore with the series tied at the series has moved to lahore with the series tied at 2—2. the series has moved to lahore with the series tied at 2—2. england the series has moved to lahore with the series tied at 2—2. england and wales cricket board chair richard thompson says the sport needs to

find a compromise so the domestic calendar can be reformed. the ecb's high performance review suggested reducing the number of championship and t20 matches that counties play from 1a down to ten, in a bid to improve the england men's team. two thirds of the 18 first—class counties need to agree in order to make the changes. indie counties need to agree in order to make the changes.— counties need to agree in order to make the changes. we have to come up with a schedule — make the changes. we have to come up with a schedule they _ make the changes. we have to come up with a schedule they want _ make the changes. we have to come up with a schedule they want to _ make the changes. we have to come up with a schedule they want to play - with a schedule they want to play because it is clear from the pca who have made it very clear that the players and the directors of cricket, they are all emphatically saying the schedule doesn't work, so it is a lot of different stakeholders in the game and they will have differing views but ultimately we are trying to get everyone to see what is the best interest of the game of cricket rather than just their view. it is the game of cricket that we have got to look at in the most holistic sense. a, ., to look at in the most holistic sense. ., . ., , ., _ ., sense. ma'or changes to rugby league could be sense. major changes to rugby league could be afoot. _ sense. major changes to rugby league could be afoot. including _ sense. major changes to rugby league could be afoot. including scrapping i could be afoot. including scrapping relegation for some clubs. they have been proposed by the sports

management company img and the recommendations come after the most comprehensive piece of consultation everin comprehensive piece of consultation ever in the sport. they propose that super league has category a and category b clubs with only the latter in danger of being relegated. other proposals include a joined up calendar with international matches and a push to boost the women and girls games. in rugby union england's women are to pay their first ever stand alone fixture at twickenham next year, theirfinal six nations match against france has been chosen as the game to take place at rugby ho. it was announced the red roses match against scotland will take place at newcastle kingston park and they will return to northampton's franklins gardens to northampton's franklins gardens to play italy. two british teams in action in the women's champions league tonight. arsenal play ajax and rangers go for a place in the group stage of the champions league for the first time in their history.

the scottish champions are hoping to overturn a 3—2 deficit against benfica in the final stage of the qualifying play—offs in lisbon later. they won 4—0 against motherwell on saturday and the rangers coach says a victory tonight and qualification for the next stage would be monumentalfor the club. i would be monumental for the club. i think it would be something that is probably something that has never been done by a new team, if you want to call us a new team, to this kind of competition, which we undoubtedly are. this experience is going to be so pivotal in us moving forward. we have no fear. if we have the majority of the squad playing to our capabilities then, yes, we can get a result. ., , , result. the last few minutes the danish national— result. the last few minutes the danish national team _ result. the last few minutes the danish national team at's - result. the last few minutes the danish national team at's third i result. the last few minutes the i danish national team at's third kit for the world cup has been announced that it will be black as a protest against qatar and its human rights record. the sports brand who have designed the kid said that black was

the colour of —— the kit said that black was the colour of mourning, and they will say they do not want to be visible in a tournament that has already cost thousands of people their lives. plenty more on that and other stories on the bbc sport website. that is it for now. the bank of england warned of the reaction to the government measures now represented a material risk to uk financial stability because the market for guilds has become dysfunctional and threatens the finances of uk households and businesses and investors fear the big market moves are a threat to uk pension funds in particular. they can also cause spill—over damage across the financial sector and potentially into other countries, as well. we can talk to mark ashdown,

our business correspondence. explain the government intervention. the im act the government intervention. the impact has _ the government intervention. ire: impact has been the government intervention. iie: impact has been mixed, the government intervention. ii2 impact has been mixed, and the pound and spiked briefly and then dropped pretty sharply and now it has gone back to where it was. it has been bobbing around at historic lows for the last week. the markets do react to sentiments and stocks have been dipping and the pound dipping to an all—time low pretty much. the bank have given reassurances but it is actions that traders want to see so this intervention certainly is an action and they have a couple of main levers to intervene in a situation like this, they could put interest rates up which might be seen as a desperate reaction or they could impact government bonds and gilts. explain what they are, bonds and gilts? it explain what they are, bonds and tilts? , ., ' , gilts? it is offered by the government, _

gilts? it is offered by the government, ready, - gilts? it is offered by the government, ready, the | gilts? it is offered by the - government, ready, the level at which they can borrow, so they issue them, over periods of time. thea;r which they can borrow, so they issue them, over periods of time. they are sort of like — them, over periods of time. they are sort of like saying, _ them, over periods of time. they are sort of like saying, you _ them, over periods of time. they are sort of like saying, you give - them, over periods of time. they are sort of like saying, you give us - sort of like saying, you give us your money and when it comes, we will give you a profit out of it? yes, the safer it is, the lower the profit, because they don't need to offer an attractive rate, so people buy bonds over two, five, ten, 30 years, and they get money back plus a percentage, so historically they have been about 0.5% because it is not a very risky investment but now it has become a bit risky so they have shot up to li%, topping 5% at one stage. the bank have stepped in and they said they want to restore orderly market conditions and they will be buying these bonds between now and the 14th of october and they will be carried out on whatever scale is necessary, so that yield rate was about 5% at one time, so that has dropped by about 1%, quite a big move, really. it that has dropped by about 1%, quite a big move, really.— a big move, really. it still leaves us -a in: a big move, really. it still leaves us paying more _ a big move, really. it still leaves us paying more if— a big move, really. it still leaves us paying more if we _ a big move, really. it still leaves us paying more if we want - a big move, really. it still leaves us paying more if we want to - a big move, really. it still leavesj us paying more if we want to get

people to lend us money? effectively a vote of confidence _ people to lend us money? effectively a vote of confidence in _ people to lend us money? effectively a vote of confidence in the _ a vote of confidence in the government. aha, a vote of confidence in the government.— a vote of confidence in the government. a vote of confidence in the rovernment. �* ~ . ., government. a week ago it looked relatively easy _ government. a week ago it looked relatively easy to _ government. a week ago it looked relatively easy to borrow - government. a week ago it looked relatively easy to borrow but - government. a week ago it looked relatively easy to borrow but nowl government. a week ago it looked | relatively easy to borrow but now it doesn't look quite as easy? fix, bit doesn't look quite as easy? a bit more risky. _ doesn't look quite as easy? a bit more risky. l— doesn't look quite as easy? a bit more risky, i would _ doesn't look quite as easy? a bit more risky, i would say. - doesn't look quite as easy? a bit more risky, i would say. there . doesn't look quite as easy? a bit i more risky, i would say. there has been talk that _ more risky, i would say. there has been talk that the _ more risky, i would say. there has been talk that the bank _ more risky, i would say. there has been talk that the bank is - more risky, i would say. there has been talk that the bank is going i more risky, i would say. there has been talk that the bank is going to j been talk that the bank is going to carry on as much as it takes, so have long could the process take to build the reassurance? —— how long. is it a good or bad thing, i suppose, depending on what the aim is, at the bank was the biggest buyer of government bonds. quantitative easing, as well, you can't do that forever, of course. they said they were going to reverse it. , ., they said they were going to reverse it. , . . ., it. they have decided to intervene aaain it. they have decided to intervene again after— it. they have decided to intervene again after the — it. they have decided to intervene again after the spike. _ it. they have decided to intervene again after the spike. they - it. they have decided to intervene again after the spike. they have i again after the spike. they have started buying the long term bonds and propping up the pound. it is a show of force in the markets, no doubt, people out there are trying to short the pound and bet against it. the bank says we will take you on and go as long as we can with the firepower we have got, and the

driving factor is a lot of this to do with pensions which is a corner of the market which is pretty safe as houses, but there were a lot of concerns, no surprise that pension schemes are tied up in stocks and funds, they were looking at a bridge —— a position where some of them might have to sell them off, and that could be serious trouble for that could be serious trouble for that corner of the market. the bank, this is as much about shoring things up this is as much about shoring things up to prevent the spill—overs, spreading into other areas of the economy. we spreading into other areas of the econom . ~ . , ., , economy. we are still early days in this, it is fair _ economy. we are still early days in this, it is fair to _ economy. we are still early days in this, it is fair to say? _ economy. we are still early days in this, it is fair to say? the - economy. we are still early days in this, it is fair to say? the mini - this, it is fair to say? the mini budget was announced on friday and we have had market reactions and now this is the first day of the bank's intervention and nobody thinks this is going to be over tomorrow? thea;r is going to be over tomorrow? they are auoin is going to be over tomorrow? they are going to — is going to be over tomorrow? they are going to do _ is going to be over tomorrow? they are going to do this _ is going to be over tomorrow? ii2 are going to do this until the is going to be over tomorrow? ii21: are going to do this until the 14th of october at least. we hope is that things will calm down by then. the treasury responded and this was a very quick response, almost done in tandem, they said globalfinancial markets have seen significant

volatility in recent days in the bank has identified a risk of recent dysfunction in gilt markets so they will simply carry out purchases and they reassured the chancellor's commitment to the independence of the bank. there has been criticism that the bank and the government have not exactly been working hand in glove, but this is to reassure and show they are working together, fiscal policy from the government, trying to assimilate the economy, and monetary policy from the bank trying to keep inflation under control. a lot ofjitters out there, the imf, remember that intervention, from the international monetary fund. ,, , ~' from the international monetary fund. ,, , ~ . ., the are fund. seems like weeks ago! they are very concerned — fund. seems like weeks ago! they are very concerned about _ fund. seems like weeks ago! they are very concerned about where _ fund. seems like weeks ago! they are very concerned about where this - fund. seems like weeks ago! they are very concerned about where this is - very concerned about where this is heading and that comes from other economies, the likes of the us and germany, a reflection of the concern about where the uk is going. big impact is what happens here around the globe and i think very unconvinced at the moment, the imf, about what is going on. the

chancellor _ about what is going on. the chancellor was _ about what is going on. the chancellor was talking to investment bankers to date and what lies behind that? -- bankers to date and what lies behind that? —— today. presumably that wasn't a previously scheduled then? he did meet bankers yesterday and then again today, and i think it is then again today, and i think it is the behind—the—scenes reassurance, really, they have laid out these tax cuts, this mini fiscal event, there is a budget coming, and they will be lined out a much wider plan, the idea they have reforms to planning to the city and other policies to stimulate the economy and boost growth and they will be reassured, the chancellor said there is a trade short term, but they believe in the long term plan in this, so stick with us, he said.— long term plan in this, so stick with us, he said. thanks for 'oining us. the uk must prepare for a big, early wave of flu, experts are warning — based on what australia has just experienced during its winter. public health officials are urging millions of people to have flu and covid vaccines becuase of concern about the expected spike over the coming months.

our medical editor fergus walsh told us more. there has been almost no flu in the past years meaning there is little natural immunity out there now. australia had a bad flu season and it started earlier there, so the message has gone out to 33 million people to go and have their flu vaccine. they include everyone over 50, pregnant women who are at risk, people with underlying conditions, things like asthma, and people in care homes and then children who will get a nasal spray vaccine, so thatis will get a nasal spray vaccine, so that is the plea, for people to get immunised, the vaccine looks like it is pretty well matched to the

strains that are going to be circulating this season, and people can book online now at their pharmacy and gps will also offer the jab. pharmacy and gps will also offer the 'ab. �* . ., pharmacy and gps will also offer the 'ab. �* . . , , . jab. are we clear, very straight forward, jab. are we clear, very straight forward. we — jab. are we clear, very straight forward, we did _ jab. are we clear, very straight forward, we did not— jab. are we clear, very straight forward, we did not have - jab. are we clear, very straight forward, we did not have much jab. are we clear, very straight. forward, we did not have much flu because we had covid? yes. forward, we did not have much flu because we had covid? yes, there was social mixing. — because we had covid? yes, there was social mixing. it _ because we had covid? yes, there was social mixing, it was _ because we had covid? yes, there was social mixing, it was nonexistent, - social mixing, it was nonexistent, for a lot of the last couple of years, and flu does go in cycles. we had a very bad flu season in 27, 2018, and then an average year it contributes to maybe 10,000 plus deaths per year, many more hospital admissions, so flu should not be underestimated. {lin admissions, so flu should not be underestimated.— admissions, so flu should not be underestimated. on covid, we have already seen _ underestimated. on covid, we have already seen the _ underestimated. on covid, we have already seen the rolled _ underestimated. on covid, we have already seen the rolled out - underestimated. on covid, we have already seen the rolled out a - already seen the rolled out a further top ups for people. will the experience he further top ups for people. will the experience be any different in the autumn? �* experience be any different in the autumn? ~ g; experience be any different in the autumn? ~ x; ., ., ., ~ autumn? about 3 million out of 26 million eligible _

autumn? about 3 million out of 26 million eligible have _ autumn? about 3 million out of 26 million eligible have had _ autumn? about 3 million out of 26 million eligible have had their - million eligible have had their covid booster, and a lot of those will match with those eligible for a flu jab, although if you are asthmatic you are eligible for a flu jab but not a indication for a flu booster, and children are not being offered the covid booster. but there, we seem to be now at the start, i'm afraid to say, of another probable covid wave, very early days, but it is just beginning to increase. and that could see another winter wave of covid. that is why it is important for people who are eligible to get their covid vaccine. fergus walsh, our medical editor, talking to me earlier. millions of people in the us state of florida are being urged to leave their homes, as hurricane ian is due to make landfall later today, with winds of up to 130mph. the national hurricane centre has warned of a risk of life—threatening coastal

flooding, with waves up to 12 feet high. the storm has already caused widespread destruction in cuba — the entire island is currently without power. our correspondent anjanna gad—gil has the latest. the eye of hurricane ian, packed with lightning as it barrels north from cuba over the gulf of mexico. it made landfall in the western province of pinar del rio yesterday, killing two people, destroying the area's famous tobacco farms, and causing the country's entire electrical grid to go down. translation: right now - the electrical system is going through exceptional conditions. there is complete zero in the system. this means there is no electrical service in all of the country. 11 million people were left in the dark. residents of the capital havana were [it only by passing cars. most stayed at home in anticipation of flooding and storm surges caused by the 120 mile an hour winds.

and the storm is gaining strength as it makes its way towards florida. the state governor ron desantis calling it the real deal. people in southwest florida, this is going to likely make landfall as a category four hurricane. there will be catastrophic flooding and life—threatening storm surge. the west coast of florida has not seen a storm of this magnitude for over a century. it has declared a state of emergency with 2.5 million people told to leave their homes. hurricane ian is projected to make landfall later on today. anjanna gadgil, bbc news.

trial results of a drug has generated some good news among dementia scientists and charities. pharmaceutical companies say their drug works when given in the early stages of the disease and slows the pace of the brain's decline. full details are yet to be published. with more information for us is our health and science correspondent, james gallagher. what has happened today, pharmaceutical companies have posted on their website that these are the headlight findings about the trial and they will have the full details in december but the headline findings are quite tantalising. what it does, the drug is an antibody and you inject it every two weeks, and it clears the toxin protein that builds up in the brain which many people think is involved in the process of brain cells dying which leads to alzheimer's disease and by clearing those you can maybe change the course of the disease. they did that for 18 months and gave some people the drug and gave other people the drug and gave other people a dummy treatment and they spotted the difference in people's mental agility and how good their memory was over time, so they saw a stirring of the disease.—

stirring of the disease. we're not talkin: stirring of the disease. we're not talking about _ stirring of the disease. we're not talking about a _ stirring of the disease. we're not talking about a prevention - stirring of the disease. we're not talking about a prevention or- stirring of the disease. we're not talking about a prevention or a i stirring of the disease. we're not i talking about a prevention or a cure but slowing the pace that alone presumably for some people who are dealing with this illness would be potentially really helpful in improving the quality of life assuming these results will be repeated? assuming these results will be reeated? , , ., . assuming these results will be reeated? , , ., repeated? exactly. it is not a cure, it is not going _ repeated? exactly. it is not a cure, it is not going to — repeated? exactly. it is not a cure, it is not going to reverse _ repeated? exactly. it is not a cure, it is not going to reverse anybody's current state, but a drug that could slow the pace of alzheimer's disease is pretty much the holy grail in this field. it is so important. because it is a progressive disease that takes time, the longer you can keep people in the earlier stages of the disease, that means keeping a loved one who can still communicate with you and who is still part of your life and who doesn't need quite a lot of additional help to get through day to day life and it can be transformative if you could slow the pace of the disease. that is why that so much excitement, even though it is a cure. �* , ., it is a cure. because dementia, i know not — it is a cure. because dementia, i know not exclusively, _ it is a cure. because dementia, i know not exclusively, but - it is a cure. because dementia, i know not exclusively, but it -

it is a cure. because dementia, i l know not exclusively, but it tends to be an end—of—life illness, in the last part of life, presumably that is so important because nobody is talking about a cure for people in the 80s and 90s because they might not have that much left anyway but presumably the quality of life while you are living with the illness is the thing that devastates so many people when they have to deal with it? ., people when they have to deal with it? . ., ,. ., ., ., it? imagine a scenario where you are definitely going _ it? imagine a scenario where you are definitely going to _ it? imagine a scenario where you are definitely going to die _ it? imagine a scenario where you are definitely going to die the _ it? imagine a scenario where you are definitely going to die the day - it? imagine a scenario where you are definitely going to die the day you i definitely going to die the day you turn 90 and you have a diagnosis of alzheimer's when you are 80, the difference versus having a slow progression of the disease, in that last decade and you don't have to be a scientist to see the difference that that would make a man that is why there has been so much hype, but there will be a desire to see the data and see the minute details because there were big claims about another alzheimer's drug that got

approved in the us and it stop the european authorities looked at it and said they did not like the look of it which caused a massive stink in the us, as well, that drug. as much as there is excitement now there is also a desire to say, let see the final print.— see the final print. you will doubtless _ see the final print. you will doubtless be _ see the final print. you will doubtless be back - see the final print. you will doubtless be back to - see the final print. you will doubtless be back to tell i see the final print. you will| doubtless be back to tell us see the final print. you will - doubtless be back to tell us what it exactly says, but for now, thanks forjoining us. russia says it will veto any un security council resolution condemning its self—styled referendums in occupied regions of ukraine. the us intends to bring a draft resolution to a vote in the coming days. us secretary of state antony blinken said the west would never acknowledge what he called "bogus referendums." moscow claims almost total support in the vote on joining russia. our correspondent hugo bachega is in kyiv. he explains the significance of the so—called referendums. the attention turns to moscow in what vladimir putin will do after the amounts have been announced by

pro—russian officials in these four regions of ukraine which have been partially occupied by the russians. let me give you some numbers. in donetsk in the east, the authorities say more than 99% of the voters were in favour ofjoining russia. say more than 99% of the voters were infavour ofjoining russia. in luhansk, 98%, and in kherson, in the south, where we have seen a strong resistance movement against the russian occupation, that number was said to be 87%. nobody apart from those who organised these so—called referendums, those who supported it, will be agreed with those results, accepting the legitimacy of these numbers, orany accepting the legitimacy of these numbers, or any decision that may be announced by russia. in ukraine the authorities have said that this was authorities have said that this was a farce and a propaganda exercise by moscow, and that this is going to be used by russia as an excuse for a land used by russia as an excuse for a

[and grab. on friday vladimir putin is expected to make a speech to parliament and i think the expectation is that he will lay out his plans and his decisions following the so—called referendums in these four regions of ukraine. in which case, if the international community— which case, if the international community won't recognise the outcome of _ community won't recognise the outcome of these _ community won't recognise the | outcome of these referendums, community won't recognise the - outcome of these referendums, what is in it for russia in pushing ahead with them?— with them? that is a very interesting _ with them? that is a very interesting question. - with them? that is a very interesting question. so i with them? that is a very i interesting question. so here with them? that is a very - interesting question. so here this morning i interviewed one of president zelensky�*s top advisers and he told me that nothing changes because there is no legal implication as a result of this vote and he said that the ukrainians will go ahead with the counter offensive to retake territory that has been under russian occupation and i think the fear is that russia may say, these areas are now part of russia and any attack on those areas will

be seen as an attack on russian territory. even though the legitimacy of the vote and this process will not be recognised by the international community. i think we are here in western countries saying that more sanctions will be imposed on russia if moscow goes ahead with any annexation of ukrainian territory. now, the battle is on between glasgow and liverpool for the right to host the next eurovision song contest.

the shortlist to stage the event was whittled down to two yesterday. our entertainment correspondent colin paterson has been finding out what the two cities say they have to offer. it's the beatles versus the barrows. liverpool vs glasgow, going head to head to host eurovision. and both have previous with the contest, liverpool's sonya coming second in 1993... glasgow's lulu winning in 1969. and glasgow's rikki peebles, who represented the uk in 1987, is thrilled by his hometown making the final two. i'm delighted, actually. if it comes here, i'll be in the front row, hopefully, to just enjoy it. your memories of that night? i've played to something like 300 million people in one night, one night. that floored me because some artists don't get that in a lifetime. in liverpool, this is how the news was broken. why should liverpool over

glasgow host the eurovision song contest next year? what have we got that the glaswegians ain't? people in the city are delighted. i think it'd be great in terms i of local industry and i think it'd do brilliantly for so many local independent shops, _ getting more business in. my ex—boyfriend used to love eurovision. we went on our first year anniversary and he made me watch it in the hot tub. i'm notjoking. oh, my god. it's going to be wonderful. it's going to be the night of the year! and one curio... in 1988, another glaswegian, scott fitzgerald, represented the uk at eurovision and lost by one point to celine dion. if glasgow is awarded the contest, the hydro will have to cancel all the acts booked in to play during the six week run up, including one celine dion. 35 years later, glasgow could have its eurovision revenge!

colin paterson, bbc news, glasgow. did you hear that interview with colin saying that her ex—boyfriend used to make her watch eurovision? that might be something to do with why they are now the ex. and now we have the weather. plenty of spells of sunshine by friday and it will be very different and a big autumn lower heading our way with heavy rain and strong winds, so this is the satellite picture from earlier on and the cloud cover is quite varied across the uk. a cluster of showers this afternoon expected around the north—east of england which will then spread through yorkshire and move further south into the midlands, wales and eventually reach the south of england by the early hours of thursday morning. a mixed

picture overnight and the temperatures will also be varied overnight. [i temperatures will also be varied overnight. 1! degrees in east anglia but close to coastal areas at west around 10 celsius. the forecast for thursday shows a large area of low pressure spread across the continent but much more vigorous areas of low pressure waiting out in the atlantic to come our way. thursday's forecast indicates a mixture of sunshine and a few showers, and on balance a dry day, most of the day, and temperatures will reach around 17 and the winds will be a bit lighter. more sunshine. that will allow the temperatures to recover somewhat so a pleasant overall. friday, different picture, heavy rain and wind sweeping across the uk, thanks to this low, and it could start out quite bright in the east but the weather front wheel sweep through and it is a broad one so a lot of us

are in for some rain and strong winds. easily touch and go force surrounding coastal areas, so proper autumn weather for the end of the week. the temperatures should not be too low, though, around 17 in london, 1a in edinburgh but it won't feel like that when the wind and rain arrives. the weather front sweeps through during the course of saturday morning and then through the course of the weekend we are going to be dominated by this area of low pressure which will continue to push a breeze across the uk and also with that sum showers. a mixed bag this weekend, also some sunny spells and at times it will remain blustery.

if the headlines... the bank of england steps in to try to restore order in government bond markets, after interest rates soared in the wake of the government's mini budget. it said the rising cost of borrowing now represents a threat to the uk's financial stability. a momentous error by the truss government can create a domino effect that could bring down the treasury markets. what the government needs to do now is recall parliament and abandon this budget before any more damage is done. humiliated, abused and isolated for weeks — patients put at risk due to a "toxic culture" at one of the uk's biggest mental health hospitals, bbc panorama reveals. health officials are urging those eligible to get their flu

jabs and covid boosters. experts have warned of a big, and early wave of the flu this autumn. leaders of several european countries claim that rare gas leaks that have hit the nordstream pipelines were not accidents but deliberate acts. gas flows in the nordstream one pipeline were stopped in august. if you have just joined if you havejustjoined us, welcome to bbc news. we begin, as we have been for several days, with the financial situation affecting the uk. the bank of england has stepped in to prop up the government bond market, after uk interest rates soared and gilts tumbled,

following the government's mini budget. the bank warned the market's reaction to the government's measures now represented a material risk to uk financial stability. it says the market for gilts, in which the british government borrows, has become dysfunctional, and threatens the finances of uk households and businesses. investors fear the big market moves are a particular threat to the uk's pension funds, and could cause spill—over damage across the financial sector. here's our economics correspondent, andy verity. ever since last friday, the bank of england's governor andrew bailey has been trying to resist taking emergency measures following kwasi kwarteng's huge tax cuts to be funded by borrowing. but now the cost of borrowing on financial markets has forced him to. in an emergency statement, the bank of england said, were dysfunction in this market to continue or worsen, there would be a material risk to uk financial stability. it said it was seeking to restore market functioning and reduce any risks from contagion to credit conditions for uk households

and businesses, and it would intervene on whatever scale is necessary to do so. worried about the credibility of the chancellor's plans, traders have been selling government bonds, the instruments it uses to borrow money, forcing the government to pay much more in interest to borrow funds over the long term. now the bank is trying to counter that by buying the same bonds. since its announcement, that long—term borrowing cost has dropped, but only by a little, before bouncing again. it's an embarrassment for the bank of england, which only last week announced it was selling government bonds, not buying them. i have to say that this reaction to keep buying bonds and reverse plans to sell them is a real damaging impact on their credibility. it suggests that the actions of the government last week have put them in a really difficult spot in trying to deal with their primary target, which is trying to get inflation back to 2%. it's notjust markets that don't like the government plans. the world's lender of last resort, the international monetary fund,

whose role is to help countries out in financial emergencies, fears the government plans will backfire. in a statement it said, developments in uk will be closely monitored and untargeted fiscal packages were not recommended at a time of high inflation. it warned it government its mini budget wrist increasing inequality. ——it warned it government its mini budget risked increasing inequality. this is about a confidence game. the animal spirits of the markets you don't want to unleash against you. you want to show you are a well—organised government with a stable and well thought through plan and that the whole government and bank of england are working as one. so now they have a lot of ground to recover because somehow you have to show that there is real coherence across these policies. it warned it government its mini budget risked increasing inequality. the kind of warning that britain received from the imf today i | is a kind of warning that comes much| more frequently to emerging markets with new governments -

than to a country like britain. the government is hoping that by handing out tax cuts people have more money to spend and that will stimulate the economy to grow and improve living standards. but the imf is warning it could have the opposite effect because the pound is weak, import prices are higher, and that pushes up inflation and, to fight inflation, interest rates have to rise faster than previously thought and that could hit ordinary people where it hurts — in their mortgage payments. so far, the bank of england's announcement hasn't worked to calm financial markets. the all—share index of uk—listed companies is tumbling down 2% and traders are again selling the pound, now worth less than $1.06. andy verity, bbc news. the labour leader has said the move by the bank of england to intervene in the bond markets is "very serious". he called for parliament to be

recalled and "abandon" the announcements made in last week's budget before "any more damage is done". the move by the bank of england is very serious. and i think many people will now be extremely worried about their mortgage, about prices going up, and now about their pensions. the government has clearly lost control of the economy. and, unlike other situations, where it may be a world event, an unexpected event that causes this sort of crisis, this is self inflicted. this was made in downing street, last friday. and for what? for uncosted tax breaks for those earning hundreds of thousands of pounds. and so what the government needs to do now is recall parliament and abandon this budget before any more damage is done. let's talk to our political correspondent leila nathoo. i asked whether the clamour to recall parliament, shared by the

liberal democrats, is growing. me liberal democrats, is growing. we haven't liberal democrats, is growing. 2 haven't heard this week from the chancellor, kwasi kwarteng, orthe prime minister, liz truss. there is a sense that events have been very fast—moving and there has been silence from those two figures. yes, labour calling for an urgent recall of parliament. remember, it is on recess to allow for the political party conferences. of course, the conservative party will be holding their own conference beginning this weekend in birmingham. so, lots of eyes will be on that and the announcements them. certainly for now, labourare announcements them. certainly for now, labour are keen to keep up the pressure, to draw attention to the fact that the events are still being influenced by the policies that were announced not only five days ago. i think there is also nervousness in the tory party. the accusation of the tory party. the accusation of the government being reckless, that labour are levelling, it is being echoed by quite a number of tory mps. there is nervousness, anxious feelings in the conservative party about the government's economic credibility and what people are

going to be experiencing as a result of the measures announced, that package of tax cuts. but i don't think yet it has reached mutinous stages. there are definitely people trying to keep a lid on things and keep calm heads in terms of talk of speculation of letters of no confidence going in. i think there is definitely a sense of anxiousness and concern about the government's policies, words like reckless, inept, or too dogmatic have been used to me today, but i don't think there is a sense that tory mps are about to go into full—blown mutiny over this just yet. clearly, about to go into full—blown mutiny over thisjust yet. clearly, there is a sense that they do want to give the budget time to work, even if there is nervousness and concern, and disbelief come in various quarters about the level of growth, for example, that the government says it is going to generate. there is plenty of anxiety in the tory party about how things are unfolding, but labour and the liberal democrats are keen to keep up liberal democrats are keen to keep up the pressure. me

liberal democrats are keen to keep up the pressure-— up the pressure. we have not seen the chancellor, _ up the pressure. we have not seen the chancellor, correct _ up the pressure. we have not seen the chancellor, correct me - up the pressure. we have not seen the chancellor, correct me if- up the pressure. we have not seen the chancellor, correct me if i - up the pressure. we have not seen the chancellor, correct me if i am i the chancellor, correct me if i am wrong, or any other government minister. at the treasury did put out a statement saying that the chancellor had been meeting or talking to investment bank executives today, saying the chancellor underlined the government's clear commitment to fiscal discipline and reiterated that he is working closely with the governor of the bank of england and the office for budget responsibility, head of his medium—term fiscal plan, due on the 23rd of november. do you get a sense that people at westminster think that people at westminster think thatis that people at westminster think that is enough, to say it will all be fine in november? i that is enough, to say it will all be fine in november?— that is enough, to say it will all be fine in november? i think there is obviously _ be fine in november? i think there is obviously a _ be fine in november? i think there is obviously a lot _ be fine in november? i think there is obviously a lot going _ be fine in november? i think there is obviously a lot going on - is obviously a lot going on behind—the—scenes. clearly, a lot of conversation between the treasury and the bank of england. you saw the coordinated statements earlier about the bank of england's intervention. as you say, the treasury is keen to present kwasi kwarteng as meeting people that he needs to behind the scenes. of course, he has been holding conversations with conservative mps as well to try to reassure them. yesterday, there was a joint call with dozens of tory mps

to try to explain the goings and answer any questions. but there is answer any questions. but there is an issue for the government that they haven't made any pronouncements publicly this week. such has been the speed of events that i think thatis the speed of events that i think that is starting to feel quite conspicuous, that there has been no comment from the chancellor publicly, or liz truss, the prime minister. but, yes, certainly the announcement of another budget later in november, that feels very far away. if you think it was only five days ago that the mini budget, the budget and all but name, was announced, in five days and we are where we are now. certainly, to try to throw forward almost two months to throw forward almost two months to november, it feels unlikely at this point that nothing can be said or done before. but i think there are some heads in the tory party that wanted to see how things settle, certainly this move by the bank of england is intended to calm the markets, and to see how things unfold. of course, we do have the conservative party conference coming up conservative party conference coming up within the next week, so we will

hear from the chancellor and the prime minister in their set piece speeches, at least, if not before. certainly there is a sense that the fiscal event, or the next budget in november, when more measures will be set out, that does, from here, right now, if you're very far away. iamjoined by i am joined by susannah streeter. thank you for coming into the studio and sparing sometime from what is a very busy afternoon. presumably, like everybody else, you have been scanning for market reaction. tell us what the bank of england is planning to do with its intervention today, and, it says, for a couple of weeks to come? it today, and, it says, for a couple of weeks to come?— today, and, it says, for a couple of weeks to come? it is trying to calm down the markets, _ weeks to come? it is trying to calm down the markets, specifically - weeks to come? it is trying to calm down the markets, specifically the | down the markets, specifically the bond markets. specifically, again, the markets which trade government debt. uk government debt. because the interest rate on government debt, known as the yield, has spiked ever since that huge tax cutting

plan was announced on friday. and there is a real worry, because this has lots of implications, notjust because it makes the cost of government borrowing very expensive, but also it has repercussions for the housing market. because what are called swap rates, they are linked to where government debt interest rates are, but they are then used by banks and building societies, which we borrow from for our mortgages. that is why the banks stopped lending, because of the volatility? absolutely, they could see the volatility in the bond market, so it's very difficult for them to price these mortgages, going forward. because they simply don't know exactly how far interest rates will go up. of course, they need to make a margin on the loans that they sell us. that is why there is so much concern. it's about government borrowing costs, but also about the

costs for anybody who takes out a loan, particularly mortgages right now. and that is why you have seen such a volatility. that is reflected as well on the equity market. share prices of house—builders have plummeted again because of concerns that house prices will really wobble. ., , that house prices will really wobble. . , . ~ that house prices will really wobble. . ~ . wobble. there was talk as well about ension wobble. there was talk as well about pension funds- _ wobble. there was talk as well about pension funds. why _ wobble. there was talk as well about pension funds. why was _ wobble. there was talk as well about pension funds. why was the - wobble. there was talk as well about pension funds. why was the bank i pension funds. why was the bank worried about what the volatility might mean for pension funds? it all -la s into might mean for pension funds? it all plays into the _ might mean for pension funds? it all plays into the fact — might mean for pension funds? if 211. plays into the fact that pension funds, they buy bonds, but also equities and shares. all of this volatility is concerning because they do have to invest in a whole range of assets, pension funds, to ensure they have good investments for the future so that we can draw our pensions when we need to and it is not completely volatile and you are really caught out. so pension funds do want some kind of sense of security. certainly, they are not getting that with a volatile trading we have got right now. so that is causing a real concern. i5 we have got right now. so that is causing a real concern.— we have got right now. so that is causing a real concern. is there a sense that. _ causing a real concern. is there a sense that, really, _ causing a real concern. is there a sense that, really, the _ causing a real concern. is there a sense that, really, the bank - causing a real concern. is there a sense that, really, the bank is i sense that, really, the bank is having to pick up the pieces of the

government's actions? 50. having to pick up the pieces of the government's actions?— government's actions? so, ithink there certainly _ government's actions? so, ithink there certainly is. _ government's actions? so, ithink there certainly is. that _ government's actions? so, ithink there certainly is. that is - there certainly is. that is worrying, to some extent, because the bank of england is meant to be completely independent. so it's main remit is to ensure the financial stability of the uk. so, when the government announced the mass tax cuts, which are likely to fuel inflation, and that is why we have seen interest rates shooting up, why we have seen the bond interest rates shooting up so dramatically, the expectation is that the bank will then step in and raise these rates of interests. to then step in and raise these rates of interests-— of interests. to try to stop inflation — of interests. to try to stop inflation getting _ of interests. to try to stop inflation getting so - of interests. to try to stop i inflation getting so expensive of interests. to try to stop - inflation getting so expensive that none of us can afford anything? it has been an economic tug—of—war between the government and the bank of england. but now the bank of england is almost in a tug of war with itself. on the one hand, it is buying lots of government bonds, to try to bring those interest rates down. but on the other, it also wants to push up the base rate of

interest, to try to clamp down on inflation. it is trying to do this targeted approach on one side, to try to bring the specific borrowing costs down, yet on the other, raise the base rate of interest to make sure demand in the economy is pushed down. so inflation comes down, which is the real bugbear as far as the bank being led is concerned. {line bank being led is concerned. one ruick last bank being led is concerned. one quick last thought, it may be an impossible question to answer. when will we know whether or not this has worked? ~ . , . ., worked? well, initially after that intervention _ worked? well, initially after that intervention was _ worked? well, initially after that intervention was made _ worked? well, initially after that intervention was made public, i worked? well, initially after that l intervention was made public, the pound fell. it has since risen again. i think this is really going to be a sticking plaster on the problem. and there is going to be a lot of focus now on whether the government decides to step back from all of these tax—cutting policies. if it does, if it pushes some of them into the long grass, it is likely that there will be much more calm on financial markets. but this is a sticking plaster, with the bank and has done right now, and i don't think it's really going to quell

volatility for long.— think it's really going to quell volatility for long. kwasi kwarteng is auoin volatility for long. kwasi kwarteng is aoian to volatility for long. kwasi kwarteng is going to have — volatility for long. kwasi kwarteng is going to have to _ volatility for long. kwasi kwarteng is going to have to draft _ volatility for long. kwasi kwarteng is going to have to draft his - volatility for long. kwasi kwarteng | is going to have to draft his speech for the conservative party conference very carefully. thank you very much. speaking on the final day of the labour party conference, keir starmer said the conservatives could never claim to be the party of fiscal responsibility. our political correspondent jonathan blake has this report. in liverpool, labour are convinced things are looking up. there's a confidence that the party has changed and is now ready to govern again. facing criticism he's too lacklustre to lead, sir keir starmer wants to fight the tories on the economy and, before the bank of england's intervention this morning, said the current turmoil is a mess of the government's making. you know, the government can never again look the electorate in the eye and claim to be a party of fiscal responsibility. they've acted irresponsibly, they've lost control of the economy. and for what? to put taxes down for those on hundreds of thousands of pounds and prices up for working people. it's the worst possible situation

that we could find ourselves in. he sees green energy as the future for the economy, but big questions remain about how labour would pay for its plans and just how much difference the party could make in government. yes, it's going to be tough. is it doable? yes, it is. are we determined to do it? yes. have we got others coming up alongside us to say this is a plan that we can make work? yes, we have. we actually need a government that moves forward carefully and confidently. how are you getting on? and after an otherwise uneventful few days, sir keir was asked about the mp rupa huq's comments here that the chancellor, kwasi kwarteng, was superficially black. in my view, what she said was racist. i'm very glad that the labour party, under my leadership, suspended her straightaway. we took very swift action. it now does go under our rules into an investigation, an independent investigation.

that's the process in place for all allegations. and we need to let that take its course. i'm with you. i really appreciate that. at labour's love—in here, strong dissent has been hard to find, but disagreements about support for striking workers, public sector pay and changes to the voting system have rumbled on. today, the party promised free breakfast clubs at primary schools and guaranteed face to face gp appointments in england. angela rayner. the conference ended with a rallying cry. now let's rise to the moment and deliver for working people of britain. let's build a fairer, greener future with a labour government in power once again. thank you. the big theme here has been the belief that labour seems to have in itself once again — a sense that sir keir starmer has got the party in line. labour members know, though, convincing themselves they're ready to govern again is one thing. convincing the country is quite another. jonathan blake, bbc news, liverpool.

inafew in a few minutes we will be talking to the shadow trade secretary. first, let's hearfrom nadhim zahawi, cabinet minister, former chancellor, albeit briefly, who has been defending the canonic plan. the been defending the canonic plan. ii2 coordination between the bank and the treasury is incredibly strong and will continue to be so. of course, the chancellor will come to the dispatch box in november to outline the fiscal strategy, the fiscal discipline required to be able to deliver that growth plan. and, of course, making sure that debt, as a percentage of gdp, in the short term, is falling. that is the message i obviously want to share with your viewers. that, actually, the way we support communities is by bearing down on the cost of energy. putin is using energy as a weapon against us in the fight against... in what he is doing in ukraine, and

of course our support for ukraine is what is causing him to use energy as a weapon. and we have got to make sure that we protect households and protect businesses. that, in itself, will have a downward pressure on inflation. and that is a positive thing. as i say, the fiscal discipline that the markets will be looking for will be delivered by the chancellor in november. joining me now from torfaen in south wales in the shadow international trade secretary, nick thomas—symonds. thank you for being with us. let ask first of all for your reaction to what nadhim zahawi said, the first on camera, and we have heard from the government today, in the light of the bank of england's intervention. the bank is now working, it seems, in lockstep with the government?— the government? firstly, it is very aood to the government? firstly, it is very good to join _ the government? firstly, it is very good to join you — the government? firstly, it is very good to join you this _ the government? firstly, it is very good to join you this afternoon. i the government? firstly, it is very good to join you this afternoon. at what an extraordinarily worrying time this is. we have seen the situation today where the bank of

england has had to intervene in bond markets, not because there has been some sort of external economic shock, but because of the actions of our own government. that is just a situation that shows this government has lost control of the economy. it seems we just had a brief statement from the chancellor of the duchy of lancaster. where is the prime minister? where is the chancellor? they are both missing in action. to be fair, the chancellor has been meeting bankers and offering reassurance, that is what the treasury says. surely that is more important than coming out and doing tv interviews?— tv interviews? well, it's about reassuring _ tv interviews? well, it's about reassuring the _ tv interviews? well, it's about reassuring the markets, - tv interviews? well, it's about reassuring the markets, it's i tv interviews? well, it's about i reassuring the markets, it's about reassuring the markets, it's about reassuring the markets, it's about reassuring the public, but it's also taking action to reverse, frankly, to change this position that the government has adopted, where they are recklessly borrowing money for

day—to—day spending. they are spooking the markets. and we can all see the economic chaos that has caused. any claim the conservatives ever had to economic competence is long gone. and it will be working people that pay the price of this economic mess, unless the chancellor and the prime minister actually tried to get a grip of it. you are callina tried to get a grip of it. you are calling for— tried to get a grip of it. you are calling for parliament _ tried to get a grip of it. you are calling for parliament to - tried to get a grip of it. you are calling for parliament to return | calling for parliament to return next week. if the government doesn't do that, it has its party conference. presumably, you have certain expectations of what you want to government to be saying next week in the different speeches. the prime minister will speak to her party conference, her first time as party conference, her first time as party leader, and presumably the chancellor will?— party leader, and presumably the chancellor will? well, they need to chanae chancellor will? well, they need to change course- _ chancellor will? well, they need to change course. what _ chancellor will? well, they need to change course. what has _ chancellor will? well, they need to j change course. what has happened chancellor will? well, they need to i change course. what has happened is we have had this mini budget, or fiscal event, as the government calls it, last friday, and it has

led to this entirely self—inflicted economic chaos. we have seen the international monetary fund expressing concern about it. we've seen action from the bank of england today, where, in an attempt to study the bond market, it is the uk government's own reckless conduct that has caused the problem. the prime minister on the chancellor actually need to put the country first. not their party conference, and in particular speeches. they need to recall parliament, come back and try to dig their way out of the mess they have made. you and try to dig their way out of the mess they have made.— mess they have made. you have written a recent _ mess they have made. you have written a recent biography - mess they have made. you have written a recent biography of i mess they have made. you have - written a recent biography of howard wilson, and those with longer memories, there was that have just read political biographies, will know the famous occasion in 67, where labour made a choice to devalue the pound and then it went on the telly and said the pound in your pocket is worth today what it was yesterday. that lacked credibility, because people buy

imports, which were therefore more expensive and all the rest of it. credibility is a really difficult thing. are there any lessons from what wilson and the labour governments of the 60s and 70s went through, do you think, that the conservatives could apply here? i guess, from a patriotic point of view, you are as keen to get this mess resolved as they must be? {131 mess resolved as they must be? of course, we mess resolved as they must be? i>f course, we don't want to see the british people having to face this dreadful economic situation. but you mentioned harold wilson, what he did to his time in office was he put working people first, whatever the nature of the economic crisis that he faced. contrast that with the government, they created this enormous economic problem. and for what? in order to take away that 45p upper rate of tax, to benefit a tiny number of people at the top. to remove the cap on banker bonuses,

when working people up and down the country are facing this ferocious cost of living squeeze. they are completely the wrong priorities. what i urge the government to do was to come back to parliament on change course. . ~' to come back to parliament on change course. ., ., , course. nick thomas-symonds, international _ course. nick thomas-symonds, international trade _ course. nick thomas-symonds, international trade secretary, i course. nick thomas-symonds, - international trade secretary, thank you very much. an investigation by the bbc�*s panorama programme has exposed what is described as a toxic culture at one of the uk's largest mental health hospitals. an undercover reporter working at the edenfield centre near manchester filmed patients being mocked, inappropriately restrained and enduring long periods of seclusion in small, bare rooms. the nhs—run hospital says it has taken immediate action to safeguard patients, and that some staff have been suspended. it's also commissioned an independent clinical review. here's our social affairs editor, alison holt. this is the edenfield mental health hospital in prestwich. it feels like the walls are closing in. my chest is closing in on me.

the patients in its care are vulnerable, sometimes challenging. there's a serious risk they could harm themselves, or others. what's going on at this hospital, by and large, isn't working for the patients, and is often actively cruel. panorama's undercover reporter alan haslam spent three months here as a health care support worker. he found a toxic culture, with patients bullied and mocked. sometimes wards were worryingly understaffed. and patients feel failed. this is harley. she's 23, has autism, and a history of self—harm. staff say at times she assaults them. she says she's provoked.

the hidden camera shows harley held in a small, bare seclusion room for more than two weeks. it should only be used for short periods of time. after being allowed into the room next door, it's said harley has become verbally abusive. at least eight staff, including managers, go to restrain her and put her back in seclusion. there's no discussion. official guidance says they should use the least restrictive way of moving her. harley and her family have agreed to let panorama tell her story. she's a young girl, at the end of the day. eight people. and she was calm and she was even saying, just listen to me, just give me a chance to talk. and they just weren't. there is some good care at the hospital, but the undercover reporter also sees basic care that doesn't always happen. like 15 minute checks on patients.

and he sees records for these observations being falsified. they're important for monitoring care. and if anything goes wrong. it's a culture that experts warn feels unsafe. i think you're quite clearly seeing toxic staff. and i think there's an awful lot of hostility towards patients across all of the wards. the trust which runs the hospital says the allegations will be fully investigated and that it owes it to the communities it serves to ensure the best care every day. a number of staff have been suspended. alison holt, bbc news. and you can see more on panorama tonight — that�*s undercover hospital: patients at risk�* on bbc one at 9pm.

and of course it will then be available on the bbc iplayer service. every primary school child in england will have access to a free breakfast under plans unveiled by labour. education spokesperson bridget phillipson said the proposal would be funded by returning the top rate of income tax to 45%. untiljuly, school in disadvantaged areas could apply for a 100% subsidy to run breakfast clubs. schools can now apply for a 75% subsidy. i�*m joined now from leeds by chris dyson, headteacher at parklands primary school. the 75% subsidy, what difference does it make at the moment? it the 7596 subsidy, what difference does it make at the moment? it makes a huae does it make at the moment? it makes a huge difference. _ does it make at the moment? it makes a huge difference. you _ does it make at the moment? it makes a huge difference. you know, - does it make at the moment? it makes a huge difference. you know, it- does it make at the moment? it makes a huge difference. you know, it was i a huge difference. you know, it was the best bit of news i have heard an education in quite a considerable time. we have been working with the

magic breakfast for the last five years, and the way that the children have had the fuel inside them for learning, it makes them ready to learning, it makes them ready to learn and ready to make them achieve. ~ ., ., learn and ready to make them achieve. . . . , achieve. what are the practical difficulties _ achieve. what are the practical difficulties of _ achieve. what are the practical difficulties of supplying - achieve. what are the practical difficulties of supplying the i difficulties of supplying the service? we know, for example, that caterers in schools are under quite a lot of financial pressure because of the rising costs of materials and food? , , , ., 5: ~ food? this is fully funded for 365 million. and _ food? this is fully funded for 365 million. and obviously _ food? this is fully funded for 365 million. and obviously it - food? this is fully funded for 365 million. and obviously it will- food? this is fully funded for 365 million. and obviously it will be i million. and obviously it will be funded by the reverse of the tax cuts, from the remarkable decision to reduce the tax for the £150,000 per year people. but this is why we are in education. because we have to get the children through lunchtimes, and we don�*t say some kids can eat today and you kids can�*t. it gets the children to school, not only does it give them fuel for learning,

it increases attendance, punctuality, having children arrive at 8am, getting some gym work done, getting together and having breakfast round a table, as opposed to sat on the floor on instagram or watching youtube videos. i think it is a win win situation. imilli watching youtube videos. i think it is a win win situation.— is a win win situation. will you ex-ect is a win win situation. will you expect your — is a win win situation. will you expect your staff _ is a win win situation. will you expect your staff to _ is a win win situation. will you expect your staff to be - is a win win situation. will you expect your staff to be in - is a win win situation. will you i expect your staff to be in school, in the canteen or whatever other space you use, sitting down to breakfast with the kids? shag space you use, sitting down to breakfast with the kids? 2,51 space you use, sitting down to breakfast with the kids? as i said, we've been _ breakfast with the kids? as i said, we've been doing _ breakfast with the kids? as i said, we've been doing this _ breakfast with the kids? as i said, we've been doing this for- breakfast with the kids? as i said, we've been doing this for nine - breakfast with the kids? as i said, i we've been doing this for nine years we�*ve been doing this for nine years now, it is great work that magic breakfast does, they only supplied food for 1000 schools. it can go nationwide for all primary schools, then into secondary schools and gcse pupils, we have a really sad situation this year. we are going through a situation where it is going to be an ultimate winter of discontent, and the really sad thing that comes out is that parents are going to have to have a choice of eating or heating the home. we have

luxury at the moment, because the weather is still mild. but when it comes to november or december it will be bitterly cold and there will be really tough decisions. so we, as a school, we can provide a breakfast, 30 minutes or 45 minutes early, and the impact we have seen at parkland has been remarkable. we are in the top 10% of schools in the country when it comes to exams and things. because we give that fuel for the children, so that they are in class and they want to learn, and they have fuel inside them to concentrate. and it also helps with things like low—level disruption, because if you are hungry and you have hunger pains, nobody wants to see children in pain. if you are full, then you can be more concentrating, and you�*re not going to be doing low—level disruption will stop to be doing low-level disruption will sto ; , to be doing low-level disruption will sto , _ to be doing low-level disruption will sto , , . ~' to be doing low-level disruption willsto_ , _ . ,, will stop chris dyson, thank you very much- _ now it�*s time for a look at the weather with tomasz. you have had a busy afternoon with

the hurricane developments in florida, but a bit quieter here? {line florida, but a bit quieter here? one ofthe florida, but a bit quieter here? one of the things _ florida, but a bit quieter here? i>i2 of the things which makes it busy is looking at all of these graphics, but a serious situation in florida with the hurricane making landfall as we speak, but let�*s concentrate on our forecast. we as we speak, but let�*s concentrate on ourforecast. we have as we speak, but let�*s concentrate on our forecast. we have some showers in the forecast and if you look at the recent satellite picture, take a cloud over parts of northern england and scotland and these are showers which will be tracking southwards over the next couple of hours. this is the picture at around six o�*clock, much of northern england experiencing showers and they move into the midlands and the south through thursday morning, and varied cloud cover overnight. temperatures will be quite varied. in some colder areas not far off freezing in scotland, and eastern parts of england, but coastal areas could have around 10 degrees or so. tomorrow is not looking too bad,

yes, we have a few showers but generally speaking at the weather is going to be dry and bright and slightly lighter winds, and pleasant enough for most. temperatures typically tween 15 and 17 but that is the top temperature —— between. enjoy tomorrow because friday we are expecting strong winds and heavy rain. hello, this is bbc news. the headlines: the bank of england steps in to try to restore order in government bond markets — after interest rates soared in the wake of the government�*s mini—budget. what the government needs to do now is recall parliament and abandon this budget before any more damage is done. humiliated, abused and isolated for weeks — patients put at risk due to a "toxic culture" at one of the uk�*s biggest mental health hospitals,

bbc panorama reveals. leaders of several european countries claim that rare gas leaks that have hit the nordstream pipelines were not accidents but "deliberate acts." gas flows in the nordstream one pipeline were stopped in august. we have heard from a couple of government ministers. we brought you nadim zahawi and now we have andrew griffiths. andrew griffith is financial secretary to the treasury and has been speaking in the past few minutes. your mini budget brought pension funds to their knees and are you going to apologise?— funds to their knees and are you going to apologise? what we have seen today is _ going to apologise? what we have seen today is the _ going to apologise? what we have seen today is the bank _ going to apologise? what we have seen today is the bank of - going to apologise? what we have seen today is the bank of england | seen today is the bank of england need to do theirjob, with targeted, timely intervention in the market, thatis timely intervention in the market, that is their decision, but they have worked very closely with the

chancellor, and ourjob is to deliver the growth plan that we set out, that will deal with the underlying issues of the economy, and the first part of that was to give everybody, households and businesses, confidence and certainty that this winter from the start of october, at the end of this week about energy prices, that is the big overhang and what we needed to address and that is why we had to come out with the growth plan. from there we move into supply—side reform. trying to tackle some of the long—standing issue is whether it is access to childcare, making sure the bypass near you is built so you can go to work and british businesses can be as productive as possible. do you not acknowledge any culpability and responsibility for what is happening right now in markets, almost unprecedented run on pension funds in this country? iirruihrzat almost unprecedented run on pension funds in this country?— funds in this country? what is unprecedented _ funds in this country? what is unprecedented is _ funds in this country? what is unprecedented is the - funds in this country? what is unprecedented is the level. funds in this country? what is unprecedented is the level of| unprecedented is the level of volatility we have seen in all developed markets, and the uk went into this with a strong balance

sheet. , . ., sheet. the uk is an outlier in financial markets. _ sheet. the uk is an outlier in financial markets. we - sheet. the uk is an outlier in financial markets. we have i sheet. the uk is an outlier in financial markets. we have a| sheet. the uk is an outlier in - financial markets. we have a very strona financial markets. we have a very strong balance — financial markets. we have a very strong balance sheet, _ financial markets. we have a very strong balance sheet, the - financial markets. we have a very strong balance sheet, the second | strong balance sheet, the second lowest debt to gdp ratio in the g7 and the bank has taken the time the action that it does, they regulate financial markets, and what the government has got to do is to provide people with the confidence, so big interventions to help every single household with the cost of energy. if we had not done that, think about the implications in terms of peoples confidence and their cost of living this winter. people are looking at what is happening with financial markets and they see a storm which has started with the financial, the fiscal statement last friday, do you not take responsibility for that? irate take responsibility for that? we both take responsibility for that? 2 both know that we are seeing the same impacts of the war in ukraine cascading through things like the cost of energy, some of the supply—side implications, and that is impacting every major economy and

in every major, you are seeing interest rates going up, as well. not to the same degree as in the uk. every major economy is dealing with exactly the same issues and the bank of england has made this timely intervention doing what it should do and what the government should do and what the government should do and what the chancellor and myself are focused on is delivering the economic growth plan which is ultimately what will help people and give people the confidence and create jobs in the economy and keep people in work so they can make it through the winter and benefit from the protection in energy and continue to protect our standard of living. d0 continue to protect our standard of livina. ,. . continue to protect our standard of livina. . . , ,. , continue to protect our standard of livina. ., ., , , ., living. do you have any plans to chanae living. do you have any plans to change your _ living. do you have any plans to change your plans _ living. do you have any plans to change your plans that - living. do you have any plans to change your plans that you - living. do you have any plans to change your plans that you laid | living. do you have any plans to i change your plans that you laid out on friday, like lowering the top rate of tax? irate on friday, like lowering the top rate of tax?— on friday, like lowering the top rate of tax? ~ ~ , ., rate of tax? we think they are the ri a ht rate of tax? we think they are the right plans — rate of tax? we think they are the right plans because _ rate of tax? we think they are the right plans because those - rate of tax? we think they are the right plans because those plans i rate of tax? we think they are the i right plans because those plans make the economy competitive. that is what we have got to do, what politicians are responsible for, making the economic decisions that will dry continued growth, and you know one of the things that has bedevilled our economy is our

inability to reach the top 2.5% rate of growth, and it happened in the past, before the 2008 financial crisis, and we can get back to that but we�*re only going to do so with the of supply—side reform that was embedded in the growth plan. 50 ito embedded in the growth plan. so no acknowledgement _ embedded in the growth plan. so no acknowledgement that _ embedded in the growth plan. so no acknowledgement that this - embedded in the growth plan. so no acknowledgement that this was partly down to you? rfleet acknowledgement that this was partly down to you?— down to you? get on and deliver the alan, that down to you? get on and deliver the plan. that is — down to you? get on and deliver the plan, that is what _ down to you? get on and deliver the plan, that is what myself _ down to you? get on and deliver the plan, that is what myself and - down to you? get on and deliver the plan, that is what myself and my i plan, that is what myself and my colleagues in government are focusing on, delivering the growth plan, that is what will allow consumers to benefit and in the meantime we are protecting every household and every business from the biggest shock out there at the moment which is the cost of energy. we are protecting people from that. andrew griffiths, the financial secretary to the treasury talking to the bbc in the last few minutes. now on bbc news, your questions answered. we are going to be looking at housing. with me to answer your questions on housing and the cost

of living crisis is housing journalist, vicky spratt, and mortgage expert, ray boulger. thanks forjoining us. we have a lot of questions. let�*s rattle through them. how will the rising interest rates affect the housing market, are we on the verge of a recession? it looks as if we are on the verge of a recession at the steep rise in interest rates is going to make that more likely. there is no doubt we are going to see house prices falling but whether you get a large rise in mortgage costs in a short space of time, it is bound to have a big impact on what people can afford —— where you get a large rise. people are going to be looking at whether they can afford to move so i think we are going to see house prices fall by about 10% between now and the end of next year. what you

have got to bear in mind, prices have got to bear in mind, prices have gone up 20% since covid started so we are not going to get a massive drop in prices, but we are going to go back in my view to actually a higher level than we were when covid started but i do expect to see a fall in prices?— fall in prices? let's talk about specifics. _ fall in prices? let's talk about specifics. in — fall in prices? let's talk about specifics, in terms _ fall in prices? let's talk about specifics, in terms of- fall in prices? let's talk about | specifics, in terms of products fall in prices? let's talk about - specifics, in terms of products that people rely on, and stephen in norfolk is talking about the one that was part of government policy and he said he would be keen to know what the interest rates mean the people who have used the help to buy equity loan. that people who have used the help to buy emi loan. . , . equity loan. that is a good question. _ equity loan. that is a good question, which _ equity loan. that is a good question, which is - equity loan. that is a good question, which is close i equity loan. that is a good question, which is close to equity loan. that is a good i question, which is close to my equity loan. that is a good - question, which is close to my heart because _ question, which is close to my heart because i_ question, which is close to my heart because i have also used the help to buy equity— because i have also used the help to buy equity loan scheme to buy my flat. buy equity loan scheme to buy my flat that — buy equity loan scheme to buy my flat. that scheme is interest free for the _ flat. that scheme is interest free for the first five years so the way the scheme works is that you have a mortgage _ the scheme works is that you have a mortgage and then you have the equity— mortgage and then you have the equity loan, but that loan is interest—free for five years and after _ interest—free for five years and after that — interest—free for five years and after that you are charged 1.75% of the outstanding amount, of the equity— the outstanding amount, of the equity loan, but the kicker, the interest— equity loan, but the kicker, the

interest on— equity loan, but the kicker, the interest on that loan is rpi which is the _ interest on that loan is rpi which is the retail price index plus 1%, and rpi, — is the retail price index plus 1%, and rpi, the measure of inflation, is currently — and rpi, the measure of inflation, is currently 12.3%.— is currently 12.3%. telling comparison. _ is currently 12.3%. telling comparison. that - is currently 12.3%. telling comparison. that takes i is currently 12.3%. telling | comparison. that takes us is currently 12.3%. telling i comparison. that takes us to is currently 12.3%. telling _ comparison. that takes us to another question, someone says they are on a variable mortgage, should they change to a fixed deal or sit tight and wait? �* ., . , . and wait? before i answer that, aoain and wait? before i answer that, going back _ and wait? before i answer that, going back to — and wait? before i answer that, going back to the _ and wait? before i answer that, going back to the previous - and wait? before i answer that, - going back to the previous question, what vicky said is not quite right, the interest rate starts at about 1.5% after five years and then increases in line with rpi but because the starting rate is only 1.5%, even with the increase, it is still quite low, and the other plus is that because the government owns 25% of your property, if property prices fall over the next couple of years then not only is the loan interest free but you are

effectively getting paid to have the loan so in the next couple of years... loan so in the next couple of years- - -_ loan so in the next couple of ears... . , ., years... that is not quite right because you — years... that is not quite right because you have _ years... that is not quite right because you have mortgages, | years... that is not quite right i because you have mortgages, as years... that is not quite right - because you have mortgages, as well, so if the _ because you have mortgages, as well, so if the value of your property falls. _ so if the value of your property falls. yes, _ so if the value of your property falls, yes, the equity loan, the government owns that percentage of the value _ government owns that percentage of the value of the property whatever it is but _ the value of the property whatever it is but if— the value of the property whatever it is but if the mortgage is higher than the — it is but if the mortgage is higher than the value of your property you could _ than the value of your property you could be _ than the value of your property you could be a — than the value of your property you could be a negative equity on your mortgage, — could be a negative equity on your mortgage, so yes, the equity loan will track— mortgage, so yes, the equity loan will track with the value of the property— will track with the value of the property but the mortgage won't and the interest on the equity loan is to inflation linked. do the interest on the equity loan is to inflation linked.— the interest on the equity loan is to inflation linked. do you want to -ick u- to inflation linked. do you want to pick up on--- _ to inflation linked. do you want to pick up on--- if— to inflation linked. do you want to pick up on... if you _ to inflation linked. do you want to pick up on... if you have - to inflation linked. do you want to pick up on... if you have a - to inflation linked. do you want to pick up on... if you have a tracker| pick up on... if you have a tracker rate, pick up on... if you have a tracker rate. that — pick up on... if you have a tracker rate. that is _ pick up on... if you have a tracker rate, that is going _ pick up on... if you have a tracker rate, that is going to _ pick up on... if you have a tracker rate, that is going to be - pick up on... if you have a tracker rate, that is going to be linked i pick up on... if you have a tracker rate, that is going to be linked to | rate, that is going to be linked to the base rate, so clearly you can expect a sharp rise in the interest rate in november when the bank next fixes mortgage rates. i think it is too late to switch to a fixed rate because the differential between fixed rates which in the main now begin at 4% and some are in the 5%

range, the difference is such that to switch at this stage is probably too late so i would sit tight and wait to see what happens. it is a waitina wait to see what happens. it is a waiting game — wait to see what happens. it is a waiting game for— wait to see what happens. it is a waiting game for a _ wait to see what happens. it is a waiting game for a lot _ wait to see what happens. it is a waiting game for a lot of - wait to see what happens. it is a| waiting game for a lot of people. for those who are going to renew fixed—rate mortgages, people are asking to much buy out their existing mortgages now and get a fixed rate? your answer is presumably no. because you are not going to get them. or the longer you leave it, the better, because things may come down beforejune in the summer? it may come down before june in the summer? , ., , may come down before june in the summer? , . , ., ~ summer? it is mainly the latter. a lot of lenders _ summer? it is mainly the latter. a lot of lenders now— summer? it is mainly the latter. a lot of lenders now will— summer? it is mainly the latter. a lot of lenders now will allow - summer? it is mainly the latter. a lot of lenders now will allow you i summer? it is mainly the latter. a| lot of lenders now will allow you to get a remortgage which is valued for six months and if you are doing a product transfer, staying with your lender and taking another deal from them, while some will only allow you to do that three months in advance, some will let you do that six months in advance, but i think repaying the fixed rate now is almost certainly going to incur an overpayment charge and couple that with the fact that

the current rate is almost certainly cheaper than the rate you would get, so the cost of repaying that early will be quite high, so it is best to wait until nearerjune and keep a close eye on the market and keep in touch with your broker and see when it is right to pick another deal but i would not make the overpayment charge on the deal. lisa i would not make the overpayment charge on the deal.— i would not make the overpayment charge on the deal. lisa in london, i would be — charge on the deal. lisa in london, i would be interested _ charge on the deal. lisa in london, i would be interested if _ charge on the deal. lisa in london, i would be interested if you - charge on the deal. lisa in london, i would be interested if you could i i would be interested if you could thrash out your thoughts on this, she says, will house prices go down in the near future? she says, will house prices go down in the nearfuture? rain she says, will house prices go down in the near future? rain touchdown on why they might go down but it is a question of how significant and how significantly for might be —— raymond touched on. how significantly for might be -- raymond touched on.— how significantly for might be -- raymond touched on. people i have s-oken to raymond touched on. people i have spoken to say _ raymond touched on. people i have spoken to say there _ raymond touched on. people i have spoken to say there should - raymond touched on. people i have spoken to say there should be - raymond touched on. people i have spoken to say there should be a - raymond touched on. people i have spoken to say there should be a fall| spoken to say there should be a fall of around _ spoken to say there should be a fall of around 10% and that is significant and raymond was right to say that— significant and raymond was right to say that house prices have inflated so much _ say that house prices have inflated so much during the pandemic that it might— so much during the pandemic that it might take — so much during the pandemic that it might take us back to the levels of

2020 _ might take us back to the levels of 2020 because we have seen house prices _ 2020 because we have seen house prices inflate to historic highs marked — prices inflate to historic highs marked on —— month on month after the first— marked on —— month on month after the first lockdown ended. 10% is not a crash, _ the first lockdown ended. 10% is not a crash, but — the first lockdown ended. 10% is not a crash, but still significant for people. — a crash, but still significant for people, and the concern from the brokers _ people, and the concern from the brokers i've — people, and the concern from the brokers i've spoken to, the economists i've spoken to, is for people _ economists i've spoken to, is for people who _ economists i've spoken to, is for people who have bought at the top of the n1arket— people who have bought at the top of the market in the last couple of years. — the market in the last couple of years, stretch themselves with small deposits, _ years, stretch themselves with small deposits, and will now see fixed rates _ deposits, and will now see fixed rates of — deposits, and will now see fixed rates of two years and five years come _ rates of two years and five years come to — rates of two years and five years come to an _ rates of two years and five years come to an end at a time when the market— come to an end at a time when the market looks very different because we have _ market looks very different because we have had ultralow interest rates since _ we have had ultralow interest rates since 2008 and now we are entering a period _ since 2008 and now we are entering a period where they are going to go up and things— period where they are going to go up and things look pretty volatile and that will— and things look pretty volatile and that will have a huge impact on people's— that will have a huge impact on people's monthly repayments and if you go— people's monthly repayments and if you go into negative equity the value _ you go into negative equity the value of— you go into negative equity the value of your property falls and that is— value of your property falls and that is not— value of your property falls and that is not insignificant either. quite — that is not insignificant either. quite interesting, this question, in

terms of what it means for the rented sector, but sticking with the mortgages, you have to feel sorry forjulie because she must�*ve thought she was home and dry, she says she is coming to the end of a fixed rate mortgage and then she has nine months until the mortgage is completely paid off, but she is becoming increasingly anxious about those last nine months. what can she do? ., , ., ., , do? julie does not need to be anxious because _ do? julie does not need to be anxious because if _ do? julie does not need to be anxious because if she - do? julie does not need to be anxious because if she only i do? julie does not need to be i anxious because if she only has do? julie does not need to be - anxious because if she only has nine months of her mortgage left i�*m assuming it is a repayment mortgage, or the current payments will be capital —— all the current payments. the fact her interest rate will increase when she comes to the end of the fixed—rate mortgage will make very little difference in a monthly repayment because 95% or so of the monthly payments are capital sochi should not really worry. —— so she should not really worry. —— so she should not really worry. -- so she should not really worry.— should not really worry. gertrude sa s she should not really worry. gertrude says she has _ should not really worry. gertrude says she has been _ should not really worry. gertrude says she has been overpaying i should not really worry. gertrude | says she has been overpaying the mortgage by double every month, actually, payments are done on a

weekly basis, is she helping herself doing this? weekly basis, is she helping herself doina this? , , , doing this? gertrude is helping herself, doing this? gertrude is helping herself. and — doing this? gertrude is helping herself, and clearly _ doing this? gertrude is helping herself, and clearly the - doing this? gertrude is helping herself, and clearly the more i doing this? gertrude is helping i herself, and clearly the more you can pay off your mortgage, the quicker you can pay it off, the better, and pretty much every lender these days calculate interest on a daily basis and if you are able to pay weekly, rather than monthly, that will mean you get the credit for that overpayment that much quicker, so absolutely, if you can afford to keep doing that, great, and as interest rates increase, if you can�*t afford to pay back as much, if you can afford to overpay, it will still be helpful. irate much, if you can afford to overpay, it will still be helpful.— it will still be helpful. we have one from ian _ it will still be helpful. we have one from ian here _ it will still be helpful. we have one from ian here and - it will still be helpful. we have one from ian here and he - it will still be helpful. we have one from ian here and he says| it will still be helpful. we have i one from ian here and he says he it will still be helpful. we have - one from ian here and he says he is puzzled, rates have always fluctuated, and the mortgage rates are very low compared to what people paid in the late 80s and early 90s. maybe if rates were as high as they were then people would not have cause to be worried. he says if people have overextended themselves,

who is to blame? that people have overextended themselves, who is to blame?— who is to blame? that is a good question- _ who is to blame? that is a good question- it _ who is to blame? that is a good question. it is _ who is to blame? that is a good question. it is true _ who is to blame? that is a good question. it is true that - who is to blame? that is a good question. it is true that rates i who is to blame? that is a good i question. it is true that rates have not been _ question. it is true that rates have not been as— question. it is true that rates have not been as high as they were in the 80s and _ not been as high as they were in the 80s and early 90s when we did have a housing _ 80s and early 90s when we did have a housing market bust and is also true the housing — housing market bust and is also true the housing market has always been volatile _ the housing market has always been volatile and we have had crashes in the past _ volatile and we have had crashes in the past and the idea that house prices _ the past and the idea that house prices only go in one direction which — prices only go in one direction which is — prices only go in one direction which is up _ prices only go in one direction which is up is false, we have seen that so— which is up is false, we have seen that so many times. but the key here to remember is that rates may not go as high— to remember is that rates may not go as high as _ to remember is that rates may not go as high as they did in the 80s and 90s but— as high as they did in the 80s and 90s but as — as high as they did in the 80s and 90s but as prices are higher and people _ 90s but as prices are higher and people are — 90s but as prices are higher and people are borrowing more so if your interest _ people are borrowing more so if your interest rate — people are borrowing more so if your interest rate goes up, you will be paying _ interest rate goes up, you will be paying on— interest rate goes up, you will be paying on a — interest rate goes up, you will be paying on a bigger loan, sol interest rate goes up, you will be paying on a bigger loan, so i think that is— paying on a bigger loan, so i think that is the — paying on a bigger loan, so i think that is the issue. i was speaking to a housing — that is the issue. i was speaking to a housing market analyst called neil hudson— a housing market analyst called neil hudson and he said because people have taken— hudson and he said because people have taken out such big mortgages, a smaller— have taken out such big mortgages, a smaller rate _ have taken out such big mortgages, a smaller rate rise will have as big an impact— smaller rate rise will have as big an impact as some of the rate rises we saw— an impact as some of the rate rises we saw in _ an impact as some of the rate rises we saw in the 80s and 90s. he is

usually— we saw in the 80s and 90s. he is usually a — we saw in the 80s and 90s. he is usually a very conservative man and he said _ usually a very conservative man and he said this — usually a very conservative man and he said this is getting scary now. i have _ he said this is getting scary now. i have interviewed him over years and he has _ have interviewed him over years and he has never — have interviewed him over years and he has never said anything like that to me _ he has never said anything like that to me to _ he has never said anything like that to me. to the second part of the question. — to me. to the second part of the question. if— to me. to the second part of the question, if people have overstretched themselves, who is to blame, _ overstretched themselves, who is to blame, that is an interesting question. _ blame, that is an interesting question, and something i have been thinking _ question, and something i have been thinking about a lot. people have been _ thinking about a lot. people have been encouraged with schemes like help to _ been encouraged with schemes like help to buy and also shared ownership to buy houses at very high prices _ ownership to buy houses at very high prices and _ ownership to buy houses at very high prices and use credit products that will help— prices and use credit products that will help them meet those high prices — will help them meet those high prices even though wages have not risen _ prices even though wages have not risen at _ prices even though wages have not risen at the — prices even though wages have not risen at the same rate as house prices _ risen at the same rate as house prices and — risen at the same rate as house prices and that is something the government itself has encouraged, help to _ government itself has encouraged, help to buy is a government scheme. it has _ help to buy is a government scheme. it has been _ help to buy is a government scheme. it has been endorsed by the government to buy very expensive housing _ government to buy very expensive housing and people have i think been convinced _ housing and people have i think been convinced that that is a good idea. raymond, — convinced that that is a good idea. raymond, i'm going to talk about raymond, i�*m going to talk about renting a moment, but what vicky said about shared ownership has

prompted this question from somebody who did not give their name but they say, my husband and myself are looking to buy a house and are in the process of using the help to buy shared ownership scheme, how will we be affected? , . be affected? sorry about the cat! if ou are be affected? sorry about the cat! if you are looking _ be affected? sorry about the cat! if you are looking to _ be affected? sorry about the cat! if you are looking to buy _ be affected? sorry about the cat! if you are looking to buy with - be affected? sorry about the cat! if you are looking to buy with a - be affected? sorry about the cat! if| you are looking to buy with a shared ownership scheme you have got to check that you can afford the rental payments as well and it is really important to look at how the rental payments are calculated and with a lot of the shared ownership schemes the rental payments are subsidised but you need to check whether they can just increase in line with inflation or some other rate, and the rental payments will probably increase less quickly than a mortgage in the short term, but in essence the principle is the same, if you are buying a property with shared ownership if property prices fall then it clearly you are going to suffer a part of the fall but as with shared equity, it means you are not suffering all of the fall. {guild

not suffering all of the fall. could i 'ust add not suffering all of the fall. could ijust add something _ not suffering all of the fall. could ijust add something on - not suffering all of the fall. could ijust add something on shared i ijust add something on shared ownership, i'm hearing from people living _ ownership, i'm hearing from people living in— ownership, i'm hearing from people living in shared ownership properties all the time at the moment, my inbox is full and i simply— moment, my inbox is full and i simply don't have enough hours in the day— simply don't have enough hours in the day to— simply don't have enough hours in the day to write articles about this situation — the day to write articles about this situation. annual rent increases for shared _ situation. annual rent increases for shared ownership are generally, although— shared ownership are generally, although it varies, rpi plus 0.5%, so they— although it varies, rpi plus 0.5%, so they are — although it varies, rpi plus 0.5%, so they are linked to inflation and the government has moved to regulate rent on _ the government has moved to regulate rent on social housing for social tenants — rent on social housing for social tenants because those are also are linked _ tenants because those are also are linked to— tenants because those are also are linked to inflation and they are worried — linked to inflation and they are worried about what that might mean for people _ worried about what that might mean for people and shared ownership homeowners who have inflation linked rents and _ homeowners who have inflation linked rents and a _ homeowners who have inflation linked rents and a mortgage, they are very very worried — rents and a mortgage, they are very very worried. gn rents and a mortgage, they are very very worried-— very worried. on the general impact ofthe very worried. on the general impact of the rental — very worried. on the general impact of the rental market, _ very worried. on the general impact of the rental market, rents - very worried. on the general impact of the rental market, rents have i of the rental market, rents have gone up a lot, it is going to have an impact on that? that gone up a lot, it is going to have an impact on that?— gone up a lot, it is going to have an impact on that? that is an open cuestion. an impact on that? that is an open

question- the _ an impact on that? that is an open question. the ons _ an impact on that? that is an open question. the ons records - an impact on that? that is an open question. the ons records rents . an impact on that? that is an open i question. the ons records rents but is an experimental dataset and it is actually— is an experimental dataset and it is actually very difficult to record rent _ actually very difficult to record rent inflation, it is not like house prices, _ rent inflation, it is not like house prices, we — rent inflation, it is not like house prices, we know how much people pay because _ prices, we know how much people pay because we _ prices, we know how much people pay because we have land registry data but we _ because we have land registry data but we don't have a central index of how much_ but we don't have a central index of how much rent is and what it is going _ how much rent is and what it is going up— how much rent is and what it is going up by from landlords, but we hear people are being hit by 30, 40, even a _ hear people are being hit by 30,40, even a 70% — hear people are being hit by 30,40, even a 70% rent hike by their landlord. _ even a 70% rent hike by their landlord, because landlords can do that, _ landlord, because landlords can do that, they— landlord, because landlords can do that, they can put up private rent and they— that, they can put up private rent and they can as i have covered, they can evict _ and they can as i have covered, they can evict people with section 21 of the 1998— can evict people with section 21 of the 1998 housing act which is a no fault of— the 1998 housing act which is a no fault of action. if they don't or can't — fault of action. if they don't or can't pay _ fault of action. if they don't or can't pay. -- _ fault of action. if they don't or can't pay. —— no fault eviction. so therec— can't pay. —— no fault eviction. so there's sense _ can't pay. —— no fault eviction. so there's sense amongst renters and private _ there's sense amongst renters and private renting experts like generation rent that private landlords are passing on their cost of living _ landlords are passing on their cost of living concerns to their tenants and scotland have just moved for an emergency— and scotland have just moved for an emergency rent freeze and nicola sturgeon — emergency rent freeze and nicola sturgeon has called the cost of

living _ sturgeon has called the cost of living crisis a humanitarian issue, and there — living crisis a humanitarian issue, and there is— living crisis a humanitarian issue, and there is no such move as i understand _ and there is no such move as i understand it in england to do the same _ understand it in england to do the same. �* , , w' understand it in england to do the same. 3 ,~ , understand it in england to do the same. 2 ., same. let's pick up on the dilemma that some people _ same. let's pick up on the dilemma that some people now _ same. let's pick up on the dilemma that some people now face - same. let's pick up on the dilemma that some people now face will - same. let's pick up on the dilemma that some people now face will top | that some people now face will top alex says, fixed term rate up for renewal in november next year and he is worried he won't be able to afford the repayments come it be better to sell my house now and start renting instead? —— for the repayments, would it be better. it repayments, would it be better. it is so difficult to get the timing right if you do aim to do this, and first of all, on the plus side, because he knows his mortgage payments are fixed until november 2023 he has a year and a bit to think about what he wants to do, so it maybe that even though he thinks it maybe that even though he thinks it maybe that even though he thinks it maybe a struggle, by making adjustments in some of his other expenditure before then, you maybe able to afford the increase, and the increase maybe more or less than what it would be if he was taking out a new deal now but if you go down the route of selling and then

renting for a while and then buying somewhere else, you have a lot of extra expense because you have got two sets of removal fees and a lot of extra hassle and storage, and my view is that you have got to be pretty confident house prices are going to fall at least 20% to even make that worthwhile, so personally i would not do that. i would look to buy and sell at the same time. fine buy and sell at the same time. one more question _ buy and sell at the same time. one more question which is quite straightforward, i think. more question which is quite straightforward, ithink. this more question which is quite straightforward, i think. this is a question about whether or not somebody can be sure their mortgage is still there. georgina says she has been given a mortgage offer and the paper says the offer expires at the paper says the offer expires at the end of february 2023, can they still withdraw it in the light of current events? i still withdraw it in the light of current events?— still withdraw it in the light of current events? i can reassure georgina — current events? i can reassure georgina that _ current events? i can reassure georgina that she _ current events? i can reassure georgina that she is _ current events? i can reassure georgina that she is in - current events? i can reassure georgina that she is in a - current events? i can reassure georgina that she is in a good | current events? i can reassure - georgina that she is in a good place if she has a mortgage offer and at the rates that were available before the rates that were available before

the current hike in rates, but the only reason that berkeley is withdraw the offer before the deadline is if they identify or expect fraud —— barclays. the one warning i would give her is that whereas in the past we have often seen lenders prepared to extend offers by two or three weeks if necessary, they are less likely to do that when there is a big change in rates so if she is in a chain she needs to be careful to make sure she will be able to complete by the proposed date. the same applies if she is buying a new—build property where there has been problems with developers not meeting target completion dates. t0 developers not meeting target completion dates.— developers not meeting target completion dates. to both of you, thanks forjoining _ completion dates. to both of you, thanks forjoining us. _ a mixed back on the way for some of us but we will talk about

hurricane ian which is making landfall in florida as we speak as a top ten category four hurricane, extremely powerful. awful flooding. people living in this part of florida will experience some life—threatening weather. now let's have a look at the forecast around our neck of the woods. tomorrow we have at sunshine but also showers in the forecast, not a completely dry day but these guys will be fairly similar to what we have had today. —— but the skies. the cluster of showers across northern parts of england at the moment and through the course of this evening we will see them travelling across the north into wales, the midlands, and reaching southern parts of the uk. with a varied cloud cover at this time of year the temperatures are also varied so 3—4 in the coldest areas but out towards the west it could be closer to 10 degrees. this

is the pressure map for thursday, low pressure here but a more vigorous area of low pressure heading our way for friday and that will bring wind and rain. make the most of those it would be a decent enough day, with those sunny spells and showers, and i think primarily sunny spells, with temperatures actually pretty decent, around 17 in glasgow, matched in liverpool and london, and for most of us around 15. this is friday, very different, a large area of low pressure sweeping to the south of iceland, between iceland and scotland, and a broad weather front bringing rain to ireland and scotland and then the rain reaches wales and eastern and south—eastern parts of england later in the afternoon. here we have the wind gusts in the black arrows, and that could reach about 30, 40 mph.

in the wind and rain it won't feel like 15-17 c but in the wind and rain it won't feel like 15—17 c but those are the kind of values we could have during the day. the main weatherfront of values we could have during the day. the main weather front is out of the way but this weather front behind here could skirt the south for time at the weekend but with low pressure close by, there will always be showers circling around. so for saturday and sunday, you can see mostly bright weather icons and there will always be a chance of a few showers. like a brisk wind and remedies will be typically in the mid, maybe the high teens in one or two spots. —— temperatures will be typically. by.

this is bbc news. the headlines the bank of england steps in to try to restore order in government bond markets, after interest rates soared in the wake of the government's mini—budget. it said the rising cost of borrowing now represents a threat to the uk's financial stability. the city minister andrew griffith has defended the governments plans. every major economy is dealing with the exec bbc and issues. the bank of england has made this timely intervention, doing what it should do, but the government should do, with the chancellor and i have focused on is delivering the economic growth plan. labour leader sir keir starmer has called for parliament to be recalled immediately.