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.

sometimes there is an economic crisis because of all the events that cannot be predicted. this is self—inflicted in downing street with backbenchers last week. 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. millions of people in florida preparing for life—threatening storms and there will be high winds and flooding at hurricane ian approaching.

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. 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 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. 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. andrew griffith is the financial secretary to the treasury — in an interview in the past hour — he defended the government's fiscal policy. it was your many budget the broad pension funds to their knees. d0 it was your many budget the broad pension funds to their knees. do you guys apologise? _ pension funds to their knees. do you guys apologise? what _ pension funds to their knees. do you guys apologise? what we _ pension funds to their knees. do you guys apologise? what we have - pension funds to their knees. do you guys apologise? what we have seen | guys apologise? what we have seen toda as guys apologise? what we have seen today as the — guys apologise? what we have seen today as the bank _ guys apologise? what we have seen today as the bank of _ guys apologise? what we have seen today as the bank of england - guys apologise? what we have seen today as the bank of england do - today as the bank of england do theirjob, they made a targeted timely intervention in the market and that is their division had to make decision but they've done so very closely with the chancellor. but our job very closely with the chancellor. but ourjob is to deliver the growth plan and you with the underlying issues of the economy by the first part of that was to give everybody, households and businesses,

confidence and certainty at the end of this week about energy crisis. that is the big overhang and that's what we needed to address and that is why we had to come up with that growth plan. from there, we had to move with reform and really try to tackle some of these long—standing issues, whether it is access to child care, making sure that that bypass gets built so that you can go to work in the british businesses can be as productive as possible. do you not acknowledge any culpability, responsibility for what is happening right now and market said at almost unprecedented run on pension funds in this country?— in this country? what is unprecedented - in this country? what is unprecedented is - in this country? what is unprecedented is the i in this country? what is i unprecedented is the level in this country? what is - unprecedented is the level of volatility we've seen in all developed markets, the uk went into this with a strong balance sheet. than this with a strong balance sheet. an outlier here on financial markets. we have a strong balance sheet, the uk is the second lowest debt to gdp ratio in the g7 the bankers and said that the kindly action is taken to

regulate financial markets and by the government has got to do is provide people with that confidence and really big interventions to help every single household with the cost of energy. if he had not done that, think about what the implications would be in terms of confidence in the cost of living this winter. aha, the cost of living this winter. a lot of people looking at what happened in the financial market and their single storm, a storm that started with the fiscal statement last friday and do you not take responsibility for that? last friday and do you not take responsibility forthat? ida. last friday and do you not take responsibility for that?- last friday and do you not take responsibility for that? no, we both know we are — responsibility for that? no, we both know we are seeing _ responsibility for that? no, we both know we are seeing the _ responsibility for that? no, we both know we are seeing the same - responsibility for that? no, we both | know we are seeing the same impact of putin's were in ukraine at things like the cost of energy and some of the supply—side implications of that and that is impacted every major economy and just every major economy you are seeing interest rates going up you are seeing interest rates going up as well. to you are seeing interest rates going u- as well. ., ., , up as well. to the same degree as the uk? every _ up as well. to the same degree as the uk? every major— up as well. to the same degree as the uk? every major economy - up as well. to the same degree as the uk? every major economy is l the uk? every ma'or economy is deafinu the uk? every ma'or economy is dealing with — the uk? every major economy is dealing with exactly _ the uk? every major economy is dealing with exactly the - the uk? every major economy is dealing with exactly the same i dealing with exactly the same issues. the bank of england has made this timely intervention, doing what it should do, with the government

should do, what the chancellor and i are focused on is delivering the economic growth plan which is ultimately was going to help people and give people the confidence, it's going to create jobs and give people the confidence, it's going to createjobs in and give people the confidence, it's going to create jobs in the economy and key people and work so they can make it through the winter, benefit from the protection and energy 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 livin. ., ., , , ., living. do you have any plans to chance 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 in terms of lowering the taxes. ., , on friday in terms of lowering the taxes. , ., , .,~ on friday in terms of lowering the taxes. , .,~ ., on friday in terms of lowering the taxes. , ., ., , taxes. those plans make our economy competitive and _ taxes. those plans make our economy competitive and at _ taxes. those plans make our economy competitive and at the _ taxes. those plans make our economy competitive and at the end _ taxes. those plans make our economy competitive and at the end of - taxes. those plans make our economy competitive and at the end of the - competitive and at the end of the day, that's what we, the politicians have to do is make the economic decisions that will drive continued growth in one of the things that has bedeviled our economy is her inability to reach that top two and a half percent rate of growth and it's happened in the past it's happened before the 2008 financial crisis, we could get back to that but we're only going to do so with the programme of supply—side reform thatis the programme of supply—side reform that is been embedded in the growth

plan. ihla that is been embedded in the growth lan. ., ., , that is been embedded in the growth ian, ., ., , to that is been embedded in the growth plan-— to getl that is been embedded in the growth i plan-— to get on plan. no acknowledgements. to get on the deliver that _ plan. no acknowledgements. to get on the deliver that plan. _ plan. no acknowledgements. to get on the deliver that plan. that _ plan. no acknowledgements. to get on the deliver that plan. that is _ plan. no acknowledgements. to get on the deliver that plan. that is what - the deliver that plan. that is what my colleagues and focused on. delivering that growth plan and that is what is going to allow consumers to benefit and in the meantime, we are protecting every household and every business for the biggest shock at the moment, which is the cost of energy and we are protecting people from that. the energy and we are protecting people from that. ., , , ., from that. the treasury that he seaks from that. the treasury that he speaks for _ from that. the treasury that he speaks for is — from that. the treasury that he speaks for is staying _ from that. the treasury that he speaks for is staying the - from that. the treasury that he l speaks for is staying the course. we can speak now to conservative mp for north thanet, sir roger gale. hejoins us now and hello, good evening to you. should the government the staying the course, ploughing on this bible we have seen today? find ploughing on this bible we have seen toda ? �* , ., , ploughing on this bible we have seen toda? , today? and you is absolutely right today? and you is absolutely right

to hiuuhliht today? and you is absolutely right to highlight the _ today? and you is absolutely right to highlight the measures - today? and you is absolutely right to highlight the measures taken i today? and you is absolutely right| to highlight the measures taken by the chancellor to help us through the chancellor to help us through the cost—of—living crisis and through the energy price crisis. it is also right to say that there are a lot of very positive measures in the many budget if we are allowed to call the budget but that's effectively what it was. that said, it was also a very high risk strategy, more than aware of that. yes, we need growth but not at any price. in the real danger, i think is that if we see increasing interest rates and therefore, increase mortgage rates, then householders are going to panic because the neck when to know how they're going to pay their mortgages. in small businesses, those trying to repay debt incurred during the pandemic, they'll also find that they cannot meet their debts and that is precisely what we do not want to achieve. part debts and that is precisely what we do not want to achieve.— do not want to achieve. part of it was announced _ do not want to achieve. part of it was announced in _ do not want to achieve. part of it was announced in the _ do not want to achieve. part of it was announced in the many - do not want to achieve. part of it i

was announced in the many budget should be reverse than is what you're saying because helping people with their energy bills, but the tax cuts for example there were announced on friday, it would appear to cause absolute pandemonium and i was to the bank of england has had to do as a result. i was to the bank of england has had to do as a result.— to do as a result. i think part of the problem — to do as a result. i think part of the problem is _ to do as a result. i think part of the problem is that _ to do as a result. i think part of the problem is that when - to do as a result. i think part of the problem is that when he . to do as a result. i think part of i the problem is that when he made his statement, he did not put flesh on the bones. and what we need, quite clearly now, not waiting until november, but immediately, is a very clear statement of the business plan so that everybody understands the sense of direction and so that the chancellor is able to tell the house of commons and the public what measures he will be taking to ensure that people can pay their mortgages, can meet the business costs, will not go bankrupt and that we will not see what i am old enough to of seen before, which is an economic crisis and people losing their homes and losing their lifetimes working business as a result of government

policy. business as a result of government oli . ., ., . ., business as a result of government oli . ., ., _, ., business as a result of government oli . ., ., ., ., policy. could he not come out today, tomorrow and _ policy. could he not come out today, tomorrow and say _ policy. could he not come out today, tomorrow and say look, _ policy. could he not come out today, tomorrow and say look, clearly i policy. could he not come out today, tomorrow and say look, clearly there are problems here and we cannot afford to wait. we have no one. i have just said to you, we cannot wait until november which is the time, very short and setting out very clearly what the business plan is so that everyone understands probably where we're going. and in the statement is made last friday is lack of clarity and i think that is led to the pound in the position of the founders of some today. understood. so the party conference is due on sunday and is that in time for when the chancellor is going to make a speech on monday as of the time to say something or labour, the

liberal democrats to say actually, we need to recall parliament? certainly know the labour party in 2010, left a note on the exchequer table saying there's no money left. we know precisely what the effects of a labour government are on the economy. i don't want to see ourselves in the same position which is why i've said and say it again, the sooner the chancellor comes forward, can do it tomorrow or friday, the better, makes very clear statement. it will calm the markets and call the nerves. we cannot go on with this lack of clarity. let's talk about would labour has said because you 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 "anymore damage is done".

at the very serious situation that comes in the back of the statement in the statements of the bank of england earlier in the week and i think there will be millions of people watching this were really worried about their mortgages, bond prices going up and now about their pensions. and that is because the government has lost control of the economy. and that is self—inflicted. sometimes there is an economic crisis because of world events that cannot be predicted. this is self—inflicted in downing street with the back budget last week. and millions of people now really worried about the situation, and for what? him because the tax breaks and is spending hundreds of thousands of pounds. with the government now needs to do is recall parliament immediately, abandon that budget before any more damage is done. you

say abandon — before any more damage is done. you say abandon that budget but you're being _ say abandon that budget but you're being deeply critical of it and get you are — being deeply critical of it and get you are saying you would vote for elements — you are saying you would vote for elements of it? we you are saying you would vote for elements of it?— you are saying you would vote for elements of it? ~ ., ., ., , , elements of it? we have already been absolutely clear, _ elements of it? we have already been absolutely clear, we _ elements of it? we have already been absolutely clear, we averse _ elements of it? we have already been absolutely clear, we averse the - elements of it? we have already been absolutely clear, we averse the cut i absolutely clear, we averse the cut to the tax break for those earning hundreds of thousands of pounds, very clear that when it comes to corporation tax, we would cancel the cut around the valve in the right thing to do, we've also been very clear that it should be a windfall tax to pay for the energy price cap and millions and billions of pounds of excess profits are expected to be made but they want to do with the nondominant status. we have a different position from government but stepping back from it. fit different position from government but stepping back from it.- but stepping back from it. of the £45 billion of — but stepping back from it. of the £45 billion of tax _ but stepping back from it. of the £45 billion of tax cuts last - £45 billion of tax cuts last week, labour_ £45 billion of tax cuts last week, labour has— £45 billion of tax cuts last week, labour has promised to reverse less than half and take for instance, the basic— than half and take for instance, the basic growth of income tax which you say you _ basic growth of income tax which you say you say— basic growth of income tax which you say you say would vote for. you would _ say you say would vote for. you would he — say you say would vote for. you would be borrowing to pay for that, what's _ would be borrowing to pay for that, what's responsible about that. will

-a for what's responsible about that. ii pay for day—to—day spending and we will borrow to invest. we will inherit a complete mess from this government and obviously, we'll get to those rules just as quickly as we can as any incumbent government would do. but there's something more fundamental here because the markets react to the confidence that they have in the steps of the governments made and they're reacting to what the government did less for and me can see before our eyes we have done this week, our conference is to put forward carefully costed confident plans that people can have confidence in going forward. given this, do you _ confidence in going forward. given this, do you think— confidence in going forward. given this, do you think we _ confidence in going forward. given this, do you think we need - confidence in going forward. given this, do you think we need an i this, do you think we need an immediate election?- this, do you think we need an immediate election? they need to abandon the _ immediate election? they need to abandon the budget _ immediate election? they need to abandon the budget and _ immediate election? they need to abandon the budget and the i immediate election? they need to l abandon the budget and the sooner the change of government, the better. ~ . , , , better. what is the biggest contributor _ better. what is the biggest contributor to _ better. what is the biggest contributor to what - better. what is the biggest| contributor to what appears better. what is the biggest i contributor to what appears to be better. what is the biggest - contributor to what appears to be a bounce _ contributor to what appears to be a bounce for — contributor to what appears to be a bounce for labour at the moment? is it keir— bounce for labour at the moment? is it keir starmer or liz truss? it�*s a it keir starmer or liz truss? it's a labour it keir starmer or liz truss? it's a labour party _ it keir starmer or liz truss? it's a labour party that _ it keir starmer or liz truss? it's a

labour party that is _ it keir starmer or liz truss? it's a labour party that is done - it keir starmer or liz truss? it's a labour party that is done its i it keir starmer or liz truss? it's a labour party that is done its best| labour party that is done its best to change and we have turned it into a party which conveys the electorate with confidence in the electorate can look back at the party with confidence and is now laying out its plans. d0 confidence and is now laying out its lans. , ., confidence and is now laying out its lans. ,, , confidence and is now laying out its lans. , . , plans. do you believe in incumbent labour government _ plans. do you believe in incumbent labour government would - plans. do you believe in incumbent labour government would have i plans. do you believe in incumbent labour government would have to i plans. do you believe in incumbent i labour government would have to make significant _ labour government would have to make significant spending cuts if the borrowing continues to rise as it does _ borrowing continues to rise as it does to— borrowing continues to rise as it does to keep with your rules, as you've _ does to keep with your rules, as you've set — does to keep with your rules, as you've set out, that could be a real squeeze _ you've set out, that could be a real squeeze. we you've set out, that could be a real suueeze. ~ ., �* ., squeeze. we don't look at the situation like _ squeeze. we don't look at the situation like that, _ squeeze. we don't look at the situation like that, we - squeeze. we don't look at the situation like that, we have i squeeze. we don't look at the l situation like that, we have set squeeze. we don't look at the i situation like that, we have set out in everything we have done, we are fully explained with the money will come from and will continue to do that and we will set about that in our manifesto and we are going to inherit a mess and at the moment, 12 years of a mess from this government and admitted very clear that we need to invest in our public services and we will do that. and we also need to have performed for a public services, as well.

let's talk to our political correspondent leila nathoo. he said they need to come forward and say something fairly soon and i'm paraphrasing but what he is saying and i wonder how many conservative mps feel that way right now. �* , , ., ., ., , conservative mps feel that way right now. ., , . now. there's been a notable silence in the chancellor _ now. there's been a notable silence in the chancellor and _ now. there's been a notable silence in the chancellor and the _ now. there's been a notable silence in the chancellor and the prime i in the chancellor and the prime minister liz truss, as events have spiralled in the situation has been very fast—moving we haven't heard from the treasury until earlier this afternoon when entrances to the government was going to stick to their plans and try to distance their plans and try to distance their budget announcements last friday followed by the bank of england for intervention today and all the instability in the financial markets trying to talk about the fact that other countries were experiencing similar pressures and i think that is the governments attempt to put a very positive spin on that and it's quite clear that was being cost and the financial markets catalyst for the bank of

england that the intervention was the policy announcements on friday but the government is prepared to do any u—turns, they are looking ahead to making supply—side announcements in the coming weeks and another physical event towards the end of november and labour trying to pile the pressure on thereby calling for a recall of parliament and number ten categorically sing the parliament won't be recalled and so i don't think that will happen because we are in a parliamentary recess because the party conferences and we have the conservative party conference beginning this weekend with a speech to to be made by the chancellor and the prime minister will be wrapping it up. so, a very interesting and turbulent backdrop for the tory party conference and a lot of mps would be nervous about what will happen in the coming days. are you sensing any rumblings that

we really want to go to conference under the circumstances? is it too early for that kind of narrative? what are you hearing push of course, three weeks into the new administration, that leadership contests precipitated by the turbulent removal of borisjohnson turbulent removal of boris johnson and turbulent removal of borisjohnson and they are aware this is a very new administration but no one can deny the uncertainty and events that transpired since the budget was delivered last friday there's a definitely palpable sense of anxiety, nervousness to say the least among many tory mps and some are far more critical talking about ineptitude and people have abuse the words like reckless and inept, talking about dogma, other considerations that i don't think there's a sense of any move towards removing the chancellor or seeking to pressurise prime minister to remove the chancellor or talk about

letters of no confidence which seem a little premature at this stage, doesn't mean that there is not anxiety or deep concern of the governments strategy in the tory party by dumping them to translate the anything materialjust yet. there is an awareness that the party conference is potentially two years away from elections and this is not the time to be seen to be unraveling as a party when they need to be getting behind the new leader and i think the sense that you're getting from a lot of liz truss and the critics of the party is that they are, for now, prepare to give them the benefit of the doubt in the hope is that some of this economic plan will work. it is worth mentioning that some tory mps are in favour of the tax cut agenda they believe the context now was politically wrong think the way that the strategy has been announced as wrong in the think that some sort of political miscalculations and misjudgments were made by their not opposed to the tax cuts and principles and they

think that is the fundamental conservative policy and i think there is still a willingness for this economic strategy to work although many are nervous that the growth projections of been overblown and that they're going to have to address that at some point. so, it is a very changeable atmosphere in westminster but i feel certainly that labour, the liberal democrats it's an opportunity and they are protected by the crisis being that the governments on making and talking about recklessness that is the sentiment shared by many in the tory party itself. the sentiment shared by many in the tory party itself-— tory party itself. thank you very much for now. _ tory party itself. thank you very much for now. westminster. i our business correspondent marc ashdown is with me. what has happened since the bank intervened? take a breath is the right thing to say, it's been a topsy—turvy day and things have gotten worse since then, since this announcement and the

pound spiked very briefly and dropped further sharply and now is leveled up of roughly where it was a for that is a pretty historic low in the press of those long—term bonds of government have dropped about 1% and so that is the good news and that's with the bank was looking for and take a breath. this is driven by market sentiments, let's face it after the volatility in recent weeks, the bank felt they had to do something. they have two main levers to act put interest rates up an emergency move, i think there will be considered as pretty desperate move, kneejerk site think the second option. share move, knee'erk site think the second 0 tion. �* . ~ move, knee'erk site think the second otion. �* ., ,, , option. are we talking but government _ option. are we talking but government debt? - option. are we talking but government debt? it i option. are we talking but government debt? it is i option. are we talking but government debt? it is a l option. are we talking but i government debt? it is a bond, option. are we talking but - government debt? it is a bond, you take out the — government debt? it is a bond, you take out the bond _ government debt? it is a bond, you take out the bond and _ government debt? it is a bond, you take out the bond and then - government debt? it is a bond, you take out the bond and then two i government debt? it is a bond, you take out the bond and then two or. take out the bond and then two or five or ten or 13 it will give you

that back with a percentage, so, been more money. you'd only get about .5% of that investment but recently, because of all the volatility, that return is not for 5% and that is not sustainable and has to be brought down under control so the bank and stepped in and said he will buy those bonds and underpin it all to take the sting out of it they're doing this to restore orderly market conditions and buying these ponds from now until october these ponds from now until october the 14th and will be carried out on whatever scale is necessary. in the next couple of weeks, let's talk about responses both reaction, this country and abroad in this international people are watching silver, what are you hearing? this is a bad sign and it debates with the aim is it's not new until recently the bank was the biggest buyer of government bonds and you've heard that bandied around, they cannot do that forever slit the start gradually selling them but because the volatility and for that

the reverse again and start buying them up again and underpinning all of the suspensions and big pension schemes are tied up in the stock market in the big funds and there were some way to work because of this pressure on prices and some of the pensions are looking at off—loading some of these stocks and these fire sellers and massive selling of stocks, that could make things even worse. so, i think that's behind this move. it is a big move and trying to calm the markets in calm the markets to anyone who may be shorting the market against the pound to be in the bank will take and we will put money into shore things up for as long as it takes. , . ~ shore things up for as long as it takes. , . ,, ., shore things up for as long as it takes. , a ., ., shore things up for as long as it takes. , ., ., ., takes. very quick word on reaction. i'm sure would've _ takes. very quick word on reaction. i'm sure would've heard _ takes. very quick word on reaction. i'm sure would've heard the - takes. very quick word on reaction. | i'm sure would've heard the lenders, the bank of financial watchdog around the world singly the out some messages this morning saying they are concerned about this a lot of it is out there enriching the

government to think again about these policies and that sums up feelings of the us, germany and eyebrows raised by these policies and i think they're not concerned about this the moment and certainly are a bit concerned.— about this the moment and certainly are a bit concerned. thanks so much in our business _ are a bit concerned. thanks so much in our business correspondent i are a bit concerned. thanks so much| in our business correspondent down. now, we'll turn her attention to other news and for the bbc panorama programme and 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 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 bbci at 9pm. quite a mixed bag across the uk this evening and overnight. we have some clear spells but also quite a few showers and the showers have been heaviest across more northern parts of the uk. southern scotland, northern england and over the next few hours, they will be tracking southwards. this is midnight through wales and the midlands, reaching other parts of england early on thursday morning. cloud cover varied, so the temperatures will be quite varied. three degrees in some spots but it could get up to ten. overall, the weather not looking too bad at all tomorrow for most of us. predominantly sunny spells with a scattering of showers carried on a

north—easterly breeze. the temperatures will be pretty decent. around 17 degrees in glasgow and london. that is it for me. hello, you are watching bbc news. these are the latest headlines. the bank of england stepped in to try to restore order in government bond markets after interest rates soared in the wake of friday's mini budget. city minister defends the government plans. city minister defends the government lans. , . ., city minister defends the government lans. , ., ., ., , , plans. every ma'or economy is deahnu plans. every ma'or economy is dealing with — plans. every major economy is dealing with exactly _ plans. every major economy is dealing with exactly the - plans. every major economy is dealing with exactly the same | plans. every major economy is - dealing with exactly the same issues and the bank of england has made this timely intervention, doing what it should you, what the government should do, what the chancellor and i are focused on is delivering that economic growth plan. sir are focused on is delivering that economic growth plan.— economic growth plan. sir keir starmer has — economic growth plan. sir keir starmer has called _ economic growth plan. sir keir starmer has called for - economic growth plan. sir keir i starmer has called for parliament economic growth plan. sir keir - starmer has called for parliament to be recalled immediately. sometimes,

there is an economic— be recalled immediately. sometimes, there is an economic crisis _ be recalled immediately. sometimes, there is an economic crisis because i there is an economic crisis because of world events that cannot be predicted. this is self—inflicted in downing street without budget last week. health officials are urging anyone who is eligible to get their winter flu jabs and covid booster. experts are warning of a big and early wave of the flu this autumn. millions of people in florida are preparing for the life—threatening storms, winds and flooding, as hurricane ian approaches. we will talk more about that flow warning a little later in this half hour. england are on top in the 5020 international. the home side had been bowled out in the last few

minutes within and just starting their chase. mark wood taking the powerplay wickets to give england control. pakistan did not help themselves. open—air mohammad rizwan put up some vital 53 but england will feel they are favourites. in the last few minutes, they have started their reply and lost a wicket. meanwhile, england and cricket board chair says the sport needs to find a compromise so the domestic calendar can be reformed. the high performance review has suggested reducing the number of championship and t20 matches that counties play from 1a to ten or so it is in a bid to improve the england's men possibly aside. two thirds of the

counties need to agree to make the changes. we have to come up with a schedule that they want to play in. it is clear from the pca, who have made it very clear that they are all emphatically saying the schedule does not work. it is a lot of different stakeholders in the game, that all have different fails and we are try to get everyone to see what is the best interest of the game of cricket, ratherthan is the best interest of the game of cricket, rather than just their view. this is the game of cricket that we have to look at.- that we have to look at. ma'or chan . es that we have to look at. ma'or changes to d that we have to look at. ma'or changes to rugby i that we have to look at. ma'or changes to rugby leak, i that we have to look at. major i changes to rugby leak, including scrapping relegation for some clubs, have been proposed by the management company img. the recommendations come after the most, hence a piece of consultation ever in the sport. "2, " �* league of consultation ever in the sport. "2, " �*league has b �*in danger; s, 7 15:77 ’ ajoinder push to the women's and

and a push to boost the women's and girls' game. the danish national team third kit for the football world cup will be black as a protest against qatar and its human right record. sports brand hamill, who designed the kit, said black was the colour of mourning and they wanted to tone down all the details including their logo. they said they did not wish to be visible during tournaments —— atonement that has cost of lives. two british teams in action in the women' is champions league tonight. rangers' women are going for a place in the group stages for the first time in their history for they hoping to overturn a 3—2 deficit against benefit. they beat motherwell in the league on sunday. the coach says a winter night 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

never really been done, a kind of new team, if you want to call it, 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 about the tie. if we play to our capabilities, we can get a result. 50 tie. if we play to our capabilities, we can get a result.— tie. if we play to our capabilities, we can get a result. so mo farah has ulled out we can get a result. so mo farah has pulled out of — we can get a result. so mo farah has pulled out of running _ we can get a result. so mo farah has pulled out of running the _ we can get a result. so mo farah has pulled out of running the london - pulled out of running the london marathon this sunday. the elliptic champion says despite training hard, he had been experiencing pain and tightness —— olympic champion. extensive treatment had not for to he added he hoped to part line. he added he hoped te take part his,,,,,,,, race next line. he added he hoped to take part hiseme, , race next year. in his hometown race next year. more details on all of those stories on the bbc sport website. thank you very much. as promised, we will talk a little bit more about what causes the main news today, the

bank of england making that emergency intervention to try and calm the financial markets after last week's mini budget sent the value of the pound tumbling. the imf urged the prime minister to reverse course. overnight, the secretary expressed her concern about the measures. the greek finance minister during greece's bail out of 2015 has been giving us his opinion on the situation on the economic proposals. the trickle down economics, a zombie idea, that liz truss resurrected, half resurrected from the dead. it has never worked. it didn't work in the 1980s, has never worked. it didn't work in the 19805, it has never worked. it didn't work in the 1980s, it never worked in the 19905, the 1980s, it never worked in the 1990s, cutting the taxes of rich people who don't spend that great a percentage of their income anyway is

never going to create growth. this was never going to work. it was a critical move, it backfired, i am sure that the chancellor is panic stricken as we speak. he has had the imf warning him but i very much fear that politics is a game where one error leads to the next. the chancellor is unlikely to do that, which the leader of the opposition suggested, back down, he should back down, but he is not going to and i very much fear he is going to make things worse by cutting public investment and welfare payments. i have sympathy for the bank of england. they are facing a high rate of inflation, which is notjust a british phenomenon, it is a global phenomenon. a current deficit of 8% and now a fiscal splashdown, not trickle—down, by this government, which means that in their mind, the bank of england know that the rate

of interest they must set must be around 6% but they know that if they do that, then we willjust break the housing market and it will create untold pain in the hearts and minds of britons out there who fight —— have indebted themselves so massively over the last decade also. they are damned if they do and damned if they don't. this mini budget has been a disasterfor damned if they don't. this mini budget has been a disaster for the bank of england. they bought some time with their reversal of quantitative tightening, buying gilts effectively, again, quantitative easing again, but they will have to push interest rates up and they will have to push them very fast in a way that is going to create a lot of unnecessary damage. the good news is that... 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. you are not greece. but 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 market in the united states, that would be a calamity for the united states, this is why the imf have stepped in. it is notjust one of those imf interventions, pointing fingers at governments in emerging markets.— pointing fingers at governments in emerging markets. while that was his oinion, the emerging markets. while that was his opinion, the former _ emerging markets. while that was his opinion, the former greek _ emerging markets. while that was his opinion, the former greek finance - emerging markets. while that was his opinion, the former greek finance in l opinion, the former greek finance in the last half hour, we were talking to one conservative backbench mp for his take on the current situation facing his party. let's ask someone who used to be very much in that world, david gauke, a former conservative mp and chief secretary to the treasury. welcome to you.

good evening. we to the treasury. welcome to you. good evening-— to the treasury. welcome to you. good evening. we have had these extraordinary _ good evening. we have had these extraordinary interventions - good evening. we have had these extraordinary interventions from i good evening. we have had these i extraordinary interventions from the imf, now actions from the bank of england. what on earth went through your mind when you heard what the bank of england was proposing to do? it is very clear that we rna serious situations at the bank of england intervened this morning because of fears over pension funds and that underlines the challenges that we face and they appear to have averted what could have been a catastrophe, but the whole episode underlines how important it is for governments to maintain market confidence. that sometimes means you have to take tough, difficult decisions and it sometimes means you cannot do what you want when you are in the treasury. and what happened on friday is that the chancellor and the prime minister decided that they wanted to do what they were going to do, even though it came with risks

and then over the weekend when it was already clear that had unsettled markets, double down, talked about further tax cuts to command the consequences that the confidence of the market in the uk, the uk government has been lost and we face a very sick situation and it is much harder to regain the confidence of the markets than it is to maintain it and now that confidence has been lost, the government has to do everything it can to regain it. mas everything it can to regain it. was this situation _ everything it can to regain it. was this situation avoidable, had the budget of responsibility been involved with the mini budget, would that have been sufficient to give that have been sufficient to give that confidence, the credibility you say was clearly lacking? it that confidence, the credibility you say was clearly lacking?— say was clearly lacking? it would have helped- _ say was clearly lacking? it would have helped. i— say was clearly lacking? it would have helped. i suspect _ say was clearly lacking? it would have helped. i suspect it- say was clearly lacking? it would have helped. i suspect it would i say was clearly lacking? it would i have helped. i suspect it would not have helped. i suspect it would not have been sufficient. this is a culmination of a number of things. in recent weeks, we have seen the sacking of the well—respected

permanent secretary at the treasury. he has a lot of experience of dealing with crises by the way. we have seen the adr excluded from the process. and then we saw tax cuts upon tax cuts, unfunded, some of them permanent, that the damage to them permanent, that the damage to the credibility of the public finances but i feel there is a issue here that there has been quite a lot of delusional thinking in recent years and an unwillingness to face up years and an unwillingness to face up to some quite hard facts, putting political convenience and sometimes ideology ahead of the reality and this reached breaking point and what happened, starting on friday and through to this week, is that essentially we reached breaking point with the markets, we have collided with reality and that is very painful. and now moving

forward, we need to work on the basis that regaining the market's confidence is the priority, we have to face up to some tough realities and put forward policies and people who can win back that credibility. you are absolutely at the heart of the conservative government and what is this doing to the party that you served for so long? it is completely trashin: served for so long? it is completely trashing the — served for so long? it is completely trashing the conservative _ served for so long? it is completely trashing the conservative party' - served for so long? it is completely trashing the conservative party' s l trashing the conservative party' s reputation for economic confidence. —— confidence. it has taken on a lot of damage over recent years but when i came into government, the coalition was formed in 2010, we faced a potentially a jittery market then and the priority was reassuring then and the priority was reassuring the markets, we wanted to avoid anything approaching the mess that we are now in and that involved taking some quite tough and unpopular decisions but the reality

is, governments cannot afford to lose that confidence of the market and once you do that, it is bad and useful the country but it is certainly had useful the country but it is certainly bad news for a political party that has generally won elections on the basis of the economy. rightly or wrongly, the conservatives have been ahead of labour on trust on the economy and that has been lost in a fairly spectacular way in recent days. it is interesting you say you were prepared and those around you were prepared and those around you were prepared to take unpopular decisions because liz truss used that word, she said i am prepared to be unpopular because i believe in growth and this is how we get growth for this country. is her economic just wrong although she naive, her under chancellor? you mentioned how did it come to this as far as you are concerned. i

did it come to this as far as you are concerned.— did it come to this as far as you are concerned. i am sure she and uuite are concerned. i am sure she and quite katana _ are concerned. i am sure she and quite katana sincere _ are concerned. i am sure she and quite katana sincere in _ are concerned. i am sure she and quite katana sincere in their- are concerned. i am sure she and | quite katana sincere in their belief and there is an arguing we should be competitive in terms of the tax rates for those who are most internationally mobile and i don't want to dismiss those arguments in their entirety, but first and foremost, you have to maintain that market confidence and you cannot take risks with the public finances and you cannot borrow beyond your means forever and ever. there were times where you need to take emergency action, as we did over covid and as the government is rightly doing over the energy crisis, but in the end, you have got to have sustainable public finances and i think they got too excited about supply side reforms they thought would have magical impact and ignored the basic question of will the markets have confidence in what you are doing and it was very evident that there was a nervousness

from the markets about this, the pound was already weak, gilt yields were already going up in advance of friday. but they press on regardless and took an enormous risk and i'm afraid that risk has backfired pretty terribly. afraid that risk has backfired pretty terribly-— afraid that risk has backfired pretty terribly. afraid that risk has backfired re terribl . �* ., , ., pretty terribly. before we let you i o, pretty terribly. before we let you go. david. _ pretty terribly. before we let you 90. david. if— pretty terribly. before we let you 9°. david. if i _ pretty terribly. before we let you go, david, ifi can— pretty terribly. before we let you go, david, ifi canjust_ pretty terribly. before we let you go, david, ifi canjust ask- pretty terribly. before we let you go, david, if i can just ask you i go, david, if i canjust ask you because it is interesting, we have had one brief line in saying the chief secretary to the treasury is going to be writing to government departments in the coming days about living within the spending review, essentially identifying spending efficiencies. that is the message going out to government departments in the coming days. do you have any observations on that?— observations on that? clearly one of the thin . s observations on that? clearly one of the things to — observations on that? clearly one of the things to regain _ observations on that? clearly one of the things to regain confidence - observations on that? clearly one of the things to regain confidence is i the things to regain confidence is to maintain discipline on top expanding but let's be clear, inflation is making that much harder, so cash settlements that look relatively generous a year or so ago now look a lot less generous

and there are not any easy chances in terms of public spending, the idea you can do it all in public spending, i'm afraid, i don't think it's credible and i don't think the markets will find it is credible. taxis are also going to have to play a role, which is why they need to look again at the tax cuts that were announced last week.— look again at the tax cuts that were announced last week. david gauke, thank ou announced last week. david gauke, thank you for— announced last week. david gauke, thank you for giving _ announced last week. david gauke, thank you for giving us _ announced last week. david gauke, thank you for giving us lots - announced last week. david gauke, thank you for giving us lots of- announced last week. david gauke, thank you for giving us lots of time | thank you for giving us lots of time this evening. the former chief secretary to the treasury. let's turn to another major story here tonight, which we said we would talk more about comedy coming winter, the uk must prepare for a big early wave of flu, that is the warning that has been put out today and that is based on what australia hasjust today and that is based on what australia has just experienced during its winter. public health officials are urging millions of people to have their flu vaccine, there covid booster because of concerns about the expected spike over the coming months. let's discuss that further with a

virologist at the university of brighton. good to have you back with us. next talk about frail... you may tell me this is all completely intertwined. people are at the point now where they can start round to book a flu jab. what is your expectation is what is coming and the importance otherwise of getting jabs? this the importance otherwise of getting “abs? ~ , the importance otherwise of getting 'abs? �* , ., the importance otherwise of getting “abs? ~ , ., ., jabs? as you mentioned, we always watch what — jabs? as you mentioned, we always watch what is _ jabs? as you mentioned, we always watch what is happening _ jabs? as you mentioned, we always watch what is happening in - jabs? as you mentioned, we always watch what is happening in the - watch what is happening in the southern hemisphere in their winter, southern hemisphere in their winter, so australia and new zealand and so on have a bad time with a nasty strain of flu, that virus will have travelled around the world and come back to us in europe in our winter. and that is what has happened. we are expecting a lot of cases of influenza this winter, partly because there is a nasty strain during the rounds and also because

the last two winters, we have actually had matters in place to stop the spread of covid, they did not work that well with covid but it did work with other coughs and cold, including flu, so we have not had very much flu in the world really until this year, so those two things and also we have reduced all our precautions against macro one —— covid, so we are coming into contact with each other and we are likely to come into contact with people who may have flu,, they can give it to you before they get sick, that does happen. anyone who is eligible to have their flu vaccine, i think it has changed little within the last year, but everyone who has been called to have their vaccine must go and have it for their own protection but also to try and stop the spread of flu in the population as we say,

with covid as well. it is of flu in the population as we say, with covid as well.— with covid as well. it is a nasty strain but _ with covid as well. it is a nasty strain but are _ with covid as well. it is a nasty strain but are we _ with covid as well. it is a nasty strain but are we all _ with covid as well. it is a nasty strain but are we all kind - with covid as well. it is a nasty strain but are we all kind of. with covid as well. it is a nasty| strain but are we all kind of not quite prepared for it, if you like, our bodies have not had to build up resistance in the last couple of years for all the reasons you have explained, so is it a bit of a double whammy?— explained, so is it a bit of a double whamm ? , ., ., ., double whammy? maybe, although one ofthe double whammy? maybe, although one of the thins double whammy? maybe, although one of the things is — double whammy? maybe, although one of the things is the _ double whammy? maybe, although one of the things is the influenza _ double whammy? maybe, although one of the things is the influenza virus - of the things is the influenza virus has not been circulating, so they have not been very many cases of flu around the world, so it changes and becomes a little bit... becomes a little bit nasty as it goes around the world, if it has not been transmitting from person to person that much, then it'll have had the opportunities to change to the extent that it normally does and we normally fine tune our response to it each winter. there will be some of that and some of it will... our immune response might have dampened

down a little bit but the immune response to influenza is not the same as covid, it does last, but the virus changes. same as covid, it does last, but the virus changes-— virus changes. yes, thank you. we must talk about _ virus changes. yes, thank you. we must talk about covid _ virus changes. yes, thank you. we must talk about covid as _ virus changes. yes, thank you. we must talk about covid as well. - virus changes. yes, thank you. we l must talk about covid as well. what are you anticipating, as you say, restrictions are eased, we don't all have free available tests any more, does that make you think we are for quite a different winter? what does that make you think we are for quite a different winter?— quite a different winter? what are ou quite a different winter? what are you anticipating? _ quite a different winter? what are you anticipating? the _ quite a different winter? what are you anticipating? the number- quite a different winter? what are you anticipating? the number of l you anticipating? the number of cases has started to tip up in the last few weeks. it was very low during the summer but it is starting to tip up, the number of new cases, the number of people in hospital, with covid as well. and we are not doing mass testing, we are not testing ourselves, so the tests are the office for national statistics general survey and people ending up in hospital and having a cast, that is an indication of what is happening, but it looks as though we are similar numbers to where we were

at this time last year and if you're ever, the thing is with covid, it is not a winter infection per se, we have a spring season, spring outbreak, and a winter outbreak and it always starts in september and the cases tip up through to november and at two december and january. that is what we have seen the last two years. i think it is reasonable to expect to see something similar this year. 88%, nearly 90% of the cases in the uk at the moment are a variation on omicron, which most of your viewers had in december and january of last year if they have not had it subsequently because it is really super infectious that one. and really quite nasty. i know two people who have had covid recently, fully vaccinated and they had previously had covid, so the booster willjust previously had covid, so the booster will just give your previously had covid, so the booster willjust give your immune system that little bit of an extra help to

stop you getting very seriously ill. the type of vaccines we have four covid don't actually stop you getting it altogether but please, your viewers should not take that as a reason not to have the vaccine. some people think it will not stop me getting covid, so why should i bother with the booster? you really should because it will stop you from getting into hospital potentially and also stop you from spreading into other people. the other thing not testing of courses that one in three people with an active infection who can pass it onto other people don't symptoms and that was the real value of testing yourself at home with a little sort of swab gets that we had. you could find out if you had covid and then not gone to work on not go and visit your vulnerable friends or relatives and so i think perhaps people should be a little bit cautious about that sort of thing. if you think about —— think you are going down with

something, a headache, it could be covid, just be careful before you go and visit somebody who is clinically very vulnerable because you do not want to give it to other people and thatis want to give it to other people and that is what we have at the moment. i cannot see the government bringing in any restrictions or bringing back in any restrictions or bringing hack free testing, i don't think that is going to happen for i can't see that happening at the moment anyway. i don't have any inside information into the policy but it does not feel as if that is a priority for people at the moment. we as if that is a priority for people at the moment.— as if that is a priority for people at the moment. we must leave it there. so at the moment. we must leave it there- so sorry — at the moment. we must leave it there. so sorry to _ at the moment. we must leave it there. so sorry to cut _ at the moment. we must leave it there. so sorry to cut you - at the moment. we must leave it there. so sorry to cut you are. i there. so sorry to cut you are. always really good to speak to you. some sage advice, thank you as ever. the european union has said leaks into major gas pipelines from gas —— russia to europe, are the result of sabotage. deliberate disruption would be met with a strong response, it was sad. the pipelines which run under the baltic sea are not currently operational but still

contain gas. however russell —— brussels respondent explained more. the authorities in europe are saying it is currently what is being pointed to. there were two blasts detected on monday by authorities in sweden and denmark and whilst the eea was not publicly pointing the finger at russia at the moment, there are a lot of theories around as to who might be behind this and why, one of which is... would russia try to interfere with this infrastructure, even though it was not in use, in order to destabilise further european energy market, make it clear that it could target other european energy infrastructure? the kremlin today has come out and call that idea stupid. it said it is actually america which stands to gain and i think —— i don't think that theory gets much traction around here in brussels but we are set to hear later from the european

commission president but that is more likely to be on an existing sanctions package that was already in the works against russia. jessica parker in brussels. _ in the works against russia. jessica parker in brussels. more _ in the works against russia. jessica parker in brussels. more coming i in the works against russia. jessica | parker in brussels. more coming up in the six o'clock news but now it is time for the weather forecast. good evening. quite a mixed bag overall across the uk through this evening. and overnight. we have clear spells but also quite a few showers around and the showers have been heaviest across more northern parts of the uk. southern scotland, northern england and over the next few hours, they will be tracking southwards, so this is around midnight through wales and the midlands and reaching some parts of england on thursday morning. the cloud cover will be varied. that means the temperatures first thing on thursday will be quite varied. three degrees but it could be up to ten. overall, the weather is not looking too bad at all for tomorrow. in fact, predominately sunny spells with just a scattering of showers

carried on a north—easterly breeze. the temperatures will be pretty decent, around 17 degrees in glasgow and london. for most of us, around 15 or 16. that is it from me.

today at six. emergency action by the bank of england to try to bring much—needed stability to the financial markets. the bank steps in after a collapse in the pound, and a sharp increase in the costs of government borrowing, but ministers say last week's mini budget was on the money. we think they're the right plans, because those plans make our economy competitive. at the end of the day, that's ultimately what we have to do. what we politicians are responsible for is making the economic decisions that will drive continued growth. overnight, more than 900 mortgage products were withdrawn. labour says the government's mishandling has led to the crisis. the government has lost control of the economy, and that is

self—inflicted, sometimes there is an economic crisis because of world