tv The Papers BBC News September 28, 2022 10:30pm-10:46pm BST
10:30 pm
so i sort of have my cake and eat it. so thank you for your cultural invisibility. but while the village and its residents inspired the book, the characters aren't based specifically on brenda and herfriends. you have a little bit of that person and a little bit of that person, rolled into one. there's some very interesting people here. and we've had a couple _ in the secret service, haven't we? we have, we have. real spies. mi5. it was fascinating, - having coffee with them. so no thursday murder club, but friday line dancing instead. plenty to spark richard osman's imagination for the next two books in the series, and while brenda is his biggest fan, you can always rely on your mum to keep your feet on the ground. i think the books are very good. i've thoroughly enjoyed then. come on, you prefer hilary mantel to... no, i don't. really? no.
10:31 pm
cj sansom. yes. yes, there we go. absolutely. sorry, you can't compete there. listen, it's good. murders up here, murders up here. and there's still more to come from the thursday murder club. steven spielberg has bought the film rights. rebecca joan, bbc news, east sussex. —— rebecca jones. time for a look at the weather. here's susan powell. even in, it was a day of sunshine and showers across the uk, producing beautiful sunsets across the isle of man. —— even in, it was. tomorrow it is a similar mixture, more sunshine and fewer showers. we had some pretty lively showers sinking south tonight out of northern ireland into the midlands —— out of northern england into the midlands. a few
10:32 pm
feeding in further north. to the east of the showers, quite chilly overnight, perhaps three degrees in the most rural parts of the south—east of england and east anglia. showers in the south should get out of the way quickly by the end of rush—hour, looking largely dry for much of england and wales, this north—easterly wind will drag some showers into northern england, part of the midlands, east anglia, eastern scotland, but far more scattered than those we had seen today, so more sunshine and a little warmer too. all change on friday, not so much sunshine, more strong winds and heavy rain sweeping in. a wet start to friday. northern ireland, heavy rain, the best part of 20 millimetres. showers for scotland and northern ireland in the afternoon but wet weather setting in for england and wales. windy across—the—board, gales across some
10:33 pm
of the coasts and tyres grants, temperatures take the hits, sliding back into the mid teens. it looks like the frontal system will pull away for the weekend, we should be left with brighter skies, the chance of showers, brazier, the chance of more stubborn rain on the south on saturday but we will keep you posted. thanks, susan. and that's bbc news at ten on wednesday the 28th of september. there's more analysis of the days main stories on newsnight with kirsty, which isjust getting under way on bbc two. the news continues here on bbc one, as now it's time to join our colleagues across the nations and regions for the news where you are. but from the ten team, it's goodnight.
10:34 pm
hello and welcome to our look ahead to what the the papers will be bringing us tomorrow. with me are the writer and broadcaster mihir bose and the sun's political and environment correspondent — natasha clark. welcome to you both. let's look at what we have already got in. the financial turmoil dominates the front pages. the ft focuses on the bank of england's 65 billion pound plan to buy government debt — and has a chart showing how the move brought the bond market under control. the telegraph explains how pension funds were at the heart of the crisis — with fears they could be forced into a mass sale of their assets. the independent takes personal aim at the prime minister, asking why liz truss hasn't been more visible in the past few days. the mirror also attacks the pm — calling her "blunder truss" — and says britain is on the brink.
10:35 pm
the i voices fears that the tax cuts in last week's mini budget will now have to be balanced by spending cuts. the metro reports on tory unease — saying former leadership contender rishi sunak won't go to the party conference next week, allowing liz truss to "own the moment". while the daily star pictures chancellor kwasi kwarteng meeting top bankers — and imagines him asking "does anyone have a clue what i'm doing". well, let's ask our reviewers tonight. good to have you both on. let's kick off with the ft. he all the papers talking about the emergency intervention by the bank of england and the 665 billion paid to avert the crisis in the debt market. the underneath that, lenders believed by the action after nearly
10:36 pm
1000 mortgage products withdrawn. how widespread is that confidence? i think if you look at it on the surface, the pound has taken up bit of a rebound on this incredible intervention that bank of england have had to take today. and they did what they wanted to in terms of stabilising the markets. 0n the surface it does appear that this is at least starting to work, having the effect that the bank of england hoped that it would earlier today. and we have seen all of these mortgages being taken off the market in the last 24—48 hours. the story suggesting that they are hopeful that means that some of them could be put back on the market. it obviously means there is less choice if you are trying to are unfortunate in your deal has come to an end and you are looking for something else. you are and to have far less to choose from and that you have will
10:37 pm
be much higher interest rate than you wear paying before. it appears on the surface at the bank of england's initial intervention has worked, but i think we are going to have to look at the some of the front pages in the newspaper tomorrow to see how volatile the pound and all of that has been throughout the day. i think city market traders are still feeling a bit uneasy about the way things are going. i don't think we are quite out of the woods yet. in we going. i don't think we are quite out of the woods yet. ir- out of the woods yet. in we are havin: out of the woods yet. in we are having to _ out of the woods yet. in we are having to dust _ out of the woods yet. in we are having to dust off _ out of the woods yet. in we are having to dust off those - out of the woods yet. in we are l having to dust off those technical terms that we remember from 2008 and before as well. the problem seems to before as well. the problem seems to be the swap rate, which the swings in the swap rates which responded to the market and left many members unable to price their mortgages. 0f unable to price their mortgages. of course, that volatility means they can't price ahead. some say it's not so much the interest rate but the volatility, not knowing which way it is going to swing. the iii
10:38 pm
volatility, not knowing which way it is going to swing. the— is going to swing. the if you have seen what _ is going to swing. the if you have seen what has _ is going to swing. the if you have seen what has led _ is going to swing. the if you have seen what has led to _ is going to swing. the if you have seen what has led to the - is going to swing. the if you have seen what has led to the bank- seen what has led to the bank intervention, the bank has done a u-turn_ intervention, the bank has done a u-turn the — intervention, the bank has done a u—turn the recall mrs thatcher's moment— u—turn the recall mrs thatcher's moment when she said u—turn if you want _ moment when she said u—turn if you want to, _ moment when she said u—turn if you want to, the — moment when she said u—turn if you want to, the lady is not for turning, _ want to, the lady is not for turning, the bank was actually going to be selling in order to get inflation _ to be selling in order to get inflation under control, now it is buying _ inflation under control, now it is buying it— inflation under control, now it is buying it in— inflation under control, now it is buying it in order to help the fund and the final scheme he were the ones most — and the final scheme he were the ones most infected. it and the final scheme he were the ones most infected.— ones most infected. it will be inflationary — ones most infected. it will be inflationary stop _ ones most infected. it will be inflationary stop lid _ ones most infected. it will be inflationary stop lid will - ones most infected. it will be inflationary stop lid will be i inflationary stop lid will be inflationary. so what will happen with the mortgage lenders and remember what has been happening for the last few years is that mortgage lenders have been giving fixed rate mortgages, but they are not fixed rate for the entire length of the mortgage, but for a certain time, and with the lenders will find is that suddenly these fixed—rate mortgages, the rates will go up dramatically. almost overnight. normally rates go up by certain percentage points over a few weeks
10:39 pm
and months, giving you time to adjust. suddenly if your monthly mortgage goes from £200 a adjust. suddenly if your monthly mortgage goes from £200 a month to £800 a month, — mortgage goes from £200 a month to £800 a month, how _ mortgage goes from £200 a month to £800 a month, how are _ mortgage goes from £200 a month to £800 a month, how are you _ mortgage goes from £200 a month to £800 a month, how are you going - mortgage goes from £200 a month to £800 a month, how are you going to l £800 a month, how are you going to balance _ £800 a month, how are you going to balance the _ £800 a month, how are you going to balance the books? you don't have that bank— balance the books? you don't have that bank of england to bring money in and _ that bank of england to bring money in and pay— that bank of england to bring money in and pay the mortgage. unto that bank of england to bring money in and pay the mortgage.— in and pay the mortgage. unto the metro, because _ in and pay the mortgage. unto the metro, because all— in and pay the mortgage. unto the metro, because all of— in and pay the mortgage. unto the metro, because all of this - in and pay the mortgage. unto the metro, because all of this was - metro, because all of this was rehearsed in the leadership debates between rishi sunak and latest trust. wonderful comments from rishi sunak about why he is not going to the conference this weekend. —— liz truss. the conference this weekend. -- liz truss. ~ ., , , , truss. the metro said it dish best served cold- _ truss. the metro said it dish best served cold. the _ truss. the metro said it dish best served cold. the former- truss. the metro said it dish best l served cold. the former contender, rishi sunak, i'm sure he will be looking at the situation that is unfolding in government and thinking, well, itried, but you guys didn't listen. 0bviously he is not going to be at the conference according to the story. i don't
10:40 pm
think he will have ever would have wanted to be around them at the momentjust because of all the hype around the new government and exactly what that will entail. it will have been seen as him trying to make an intervention on liz truss if he were to come. now i'm sure he would be quite happy to sit at home and watch all the drama unfold from and watch all the drama unfold from a fire in his living room and watching on the telly and reading the newspapers like the rest of us. @ stat line he wants liz truss to own the moment.— @ stat line he wants liz truss to own the moment. absolutely. and he can sa i own the moment. absolutely. and he can say i told — own the moment. absolutely. and he can say i told you _ own the moment. absolutely. and he can say i told you so. _ own the moment. absolutely. and he can say i told you so. and _ own the moment. absolutely. and he can say i told you so. and what - own the moment. absolutely. and he can say i told you so. and what is - can say i told you so. and what is astonishing — can say i told you so. and what is astonishing about that says that shouldn't have come as a surprise. we have _ shouldn't have come as a surprise. we have had — shouldn't have come as a surprise. we have had a very long leadership campaign — we have had a very long leadership campaign. we have had hustings, television — campaign. we have had hustings, television debates and so on, and all of— television debates and so on, and all of this— television debates and so on, and all of this was rehearsed by rishi sunak. _ all of this was rehearsed by rishi sunak. but— all of this was rehearsed by rishi sunak, but evidently liz truss who have _ sunak, but evidently liz truss who have been— sunak, but evidently liz truss who have been wedded to this policy for a long _ have been wedded to this policy for a long time, they wrote books about it and _ a long time, they wrote books about it and so_ a long time, they wrote books about it and so on. — a long time, they wrote books about it and so on, they clearly didn't believe — it and so on, they clearly didn't believe that anything like this
10:41 pm
would — believe that anything like this would happen, and really it's quite interesting there, support various saying _ interesting there, support various saying in— interesting there, support various saying in the press that this is the market's— saying in the press that this is the market's feasting, but this is what markets do. if they are not explained why there should be sudden tax cuts _ explained why there should be sudden tax cuts without any explanation of how you _ tax cuts without any explanation of how you will find them than they are going _ how you will find them than they are going to react by that. gne how you will find them than they are going to react by that.— going to react by that. one of the lines coming out _ going to react by that. one of the lines coming out in _ going to react by that. one of the lines coming out in the _ going to react by that. one of the lines coming out in the last - going to react by that. one of the lines coming out in the last oursl going to react by that. one of the | lines coming out in the last ours is a set number ten thinks this is a commons problem, it hasn't been explained properly. what are your contacts saying about this? do they really believe it's that?— really believe it's that? there are some mps _ really believe it's that? there are some mps and — really believe it's that? there are some mps and some _ really believe it's that? there are some mps and some ministers i really believe it's that? there are l some mps and some ministers that think it is a communication problem in the way they have explained that, with the government have tried to do with this many budgets, they have tried to do some of the big fiscal announcements and say we are going to do this in the future, but they are basically saying they are going to lay out more of their plans, the supply—side of economics which will mean shaking up things like
10:42 pm
immigration, planning, childcare, all of these other things that they've got their ion, but they are not going to be getting those for another couple of weeks. number ten's argument as we think we can have naturally conveyed the biggest stuff that will actually help growth and boost it in the future. it's yet to come. i think mps have said it's a bit of a mixed bag, to come. i think mps have said it's a bit ofa mixed bag, had in their hands despairing at the current economic situation going how on earth are we going to get out of this one? but others are saying, you know what, we did expect that this was going to have a bit of a pushback. it has some pretty major changes made to the economy and they just think it's now time to sit tight and the markets will stabilise, the pound will stabilise and in the long run, the plan will pay off. and in the long run, the plan will -a off. a, ., and in the long run, the plan will .a off. ~ ., ., ., pay off. moving into the mirror. he liz truss hasn't _ pay off. moving into the mirror. he liz truss hasn't been _ pay off. moving into the mirror. he liz truss hasn't been seen - pay off. moving into the mirror. he liz truss hasn't been seen in - liz truss hasn't been seen in public. she is going to do a round of interviews for regional tv and press tomorrow as is. but it's a
10:43 pm
political one is intact? do you come out and immediately try to say something reassuring as soon as this crisis blows up? with the! 0f something reassuring as soon as this crisis blows up? with the! of panic, or do you give it a few days and say don't worry, we have got a plan? i think what is interesting about the mirror— think what is interesting about the mirror story is the mirror concentrating on liz truss, because there _ concentrating on liz truss, because there has— concentrating on liz truss, because there has been a lot of talk that he cannot— there has been a lot of talk that he cannot survive a situation like this, _ cannot survive a situation like this, and _ cannot survive a situation like this, and normally if you had at the valuation— this, and normally if you had at the valuation of— this, and normally if you had at the valuation of sterling, which in historic— valuation of sterling, which in historic terms as such we have had, days of— historic terms as such we have had, days of fixed—rate currencies going back a _ days of fixed—rate currencies going back a long — days of fixed—rate currencies going back a long time. the chance of the exchequer— back a long time. the chance of the exchequer is — back a long time. the chance of the exchequer is the one who gets the chop, _ exchequer is the one who gets the chop, hut— exchequer is the one who gets the chop, but the mirror is concentrating on liz truss and really — concentrating on liz truss and really the _ concentrating on liz truss and really the question is where is the prime _ really the question is where is the prime minister is a very good question _ prime minister is a very good question. it's quite a leading question— question. it's quite a leading question to ask, but it's a legitimate question to ask because in times— legitimate question to ask because in times like this, you expect the prime _ in times like this, you expect the prime minister to be outside number
10:44 pm
ten getting some sort of explanation, but so far, liz truss's performances outside number ten, though— performances outside number ten, though they have been field, have not been — though they have been field, have not been very impressive, so maybe it'sjust _ not been very impressive, so maybe it'sjust as— not been very impressive, so maybe it'sjust as well that not been very impressive, so maybe it's just as well that she is keeping _ it's just as well that she is keeping out of that podium outside number— keeping out of that podium outside number ten. keeping out of that podium outside number ten-— number ten. what are you hearing about this? _ number ten. what are you hearing about this? they _ number ten. what are you hearing about this? they are _ number ten. what are you hearing about this? they are old _ number ten. what are you hearing about this? they are old political i about this? they are old political allies, some said that there were rows between them already between number ten and ii, which is nothing new, but maybe not so early into a government. what are you hearing? i think there may be slightly overblown from what we are hearing. let's not forget they are laying standing allies. they are of the same ideology and viewpoint. some of those people calling for the chance are to be sacked tonight i don't think they quite realise how close these two are and how similar their views are. it's notjust kwasi kwarteng's plan from it's also liz truss's plan. they have very much moving in lockstep. just a couple of days ago, he said it is great to
10:45 pm
have number ten and ii days ago, he said it is great to have number ten and i! so aligned. i don't quite think behind the scenes there is any blow—ups going on. 0bviously, there is any blow—ups going on. obviously, you know we know there are always differing ways of doing things, yes, these two seem united in their belief that this is the right thing to do. liz truss in new york told us last week that she knew some of these measures were going to be unpopular and she knew they were going to like everything they're going to like everything they're going to like everything they're going to do, so i don't take this idea that there is a rift in government already. idea that there is a rift in rovernment alread . , ., government already. plenty of time for that to come. _ government already. plenty of time for that to come. let's _ government already. plenty of time for that to come. let's look - government already. plenty of time for that to come. let's look at - government already. plenty of time for that to come. let's look at the l for that to come. let's look at the star, more and more into a cracking private eye front page just talk us through the picture there. the icture through the picture there. the picture shows _ through the picture there. the picture shows kwasi kwarteng meeting the best— picture shows kwasi kwarteng meeting the best banking brains in this country— the best banking brains in this country and he's supposedly saying
10:46 pm
67 Views
IN COLLECTIONS
BBC News Television Archive Television Archive News Search ServiceUploaded by TV Archive on