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tv   BBC News  BBC News  October 12, 2022 2:00pm-5:01pm BST

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good afternoon, welcome to bbc news. labour accuses the prime minister of being lost in denial, as this trust tells mps she will not reduce public spending in order to pay for her package of tax cuts will stop what will make sure _ package of tax cuts will stop what will make sure is _ package of tax cuts will stop what will make sure is that _ package of tax cuts will stop iiflrisgt will make sure is that over the medium term the debt is falling, but we will do that not by cutting public spending, but by making sure we spend public money well. does she thinkthe public— think the public will ever forgive the conservative party if they keep on defending this madness, and go ahead with her kamikaze budget?
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fears are raised of a recession this year. bank of england confirms its emergency bond buying system will end on thursday, despite reports could the experts ended. the court hears reports that a nurse accused... blood supplies falter critically low level in england, prompting nhs blood and transplant to have its first ever amber alert, meaning hospitals have to postpone some elective surgery. and in ukraine, the defence ministers were asking brussels to step up defence of its country so can create an air shield against russian missile attacks. . the bbc finds that donations to tick—tock are being taken by the social media platform rather than given to families from
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syria. the prime minister has said she'll �*absolutely�* stick to her promise not to cut public spending. she was speaking at the first prime minister's questions since last month's mini budget, which provoked turmoil on the financial markets. the labour leader sir kier starmer said she should reverse what he called her �*kamikaze' economic plan. it comes amid renewed turmoil in the bond markets, and fears of a looming recession — latest figures show the uk economy shrank by 0.3 per cent in august. from westminster ...leila nathoo
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a government weathered by storms of its own making. hard to believe this was only liz truss's second outing at crime list as questions. henge was only liz truss's second outing at crime list as questions. have you wrecked the — at crime list as questions. have you wrecked the economy? _ at crime list as questions. have you wrecked the economy? and - at crime list as questions. have you wrecked the economy? and should| at crime list as questions. have you i wrecked the economy? and should out major tax cuts and it prompted a rise in mortgage rates and prompted unrest in her own party. in rise in mortgage rates and prompted unrest in her own party.— unrest in her own party. in the commons. _ unrest in her own party. in the commons, sir _ unrest in her own party. in the commons, sir keir _ unrest in her own party. in the commons, sir keir starmer i unrest in her own party. in the - commons, sir keir starmer attacked the measures and called for the government to change course. who government to change course. who voted for this? _ government to change course. who voted for this? not _ government to change course. �*w�*irr voted for this? not homeowners paying an extra 500 pounds on their mortgages. who voted for this, not working people paying for tax cuts to the largest companies. who voted for this? not even most of the mps behind her who know that you cannot pay for tax cuts on the never—never. does she think the public will ever forgive the conservative party if they keep on
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defending this madness and go ahead with their kamikaze budget. mr speaker, what our budget has delivered a security for families for the next two winters. it has made sure that we will see higher economic growth, low inflation and more opportunities. the way we will get our country growing is through morejobs, more growth get our country growing is through more jobs, more growth and get our country growing is through morejobs, more growth and more opportunities. lower taxes have to be paid for somehow. sir keir starmer pressed the buy manager on the pledge she made before she took office. , ., , , office. during her leadership contest, the _ office. during her leadership contest, the prime - office. during her leadership contest, the prime ministerl office. during her leadership - contest, the prime minister said and i quote exactly. iam not i am not planning is on public spending reductions. will she stick to that? absolutely.
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a clear commitment. but we will do that not by cutting _ a clear commitment. but we will do that not by cutting public— a clear commitment. but we will do that not by cutting public spending, | that not by cutting public spending, but making sure we spend it well. the fallout from the budget has overshadowed the prime minster�*s first weeks in office and she's been forced into a major u—turn on topic —— grabbing the top rate of tax with the pressure coming from both outside and within the party and there is more that could yet come unstuck. i'm joined by our political correspondentjonathan blake how did that go down, particularly on the government side? i was how did that go down, particularly on the government side?- how did that go down, particularly on the government side? i was in the chamber and — on the government side? i was in the chamber and conservative _ on the government side? i was in the chamber and conservative mps - on the government side? i was in the | chamber and conservative mps looked a bit sorry for themselves, i have to say. there were cheers when the prime minister first arrived and an attempt to rally the troops and show some support. but they looked particularly glum at times. and you
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don't get a feeling there's a groundswell of support coming the prime ministers way. and i think the most significant thing to come out on the exchanges between liz truss and keir starmer was and was the prime ministers assertion she would stick by her pledge to not cut public spending and that is something that has raised many questions about how exactly the government will find the money to fund the billions of tax cuts that were announced in the chancellors budget a few weeks ago. in were announced in the chancellors budget a few weeks ago.— budget a few weeks ago. in the medium term, _ budget a few weeks ago. in the medium term, debt _ budget a few weeks ago. in the medium term, debt as - budget a few weeks ago. in the medium term, debt as a - budget a few weeks ago. in the medium term, debt as a share | budget a few weeks ago. in the i medium term, debt as a share of public wealth will fall, and it is fine to say that you will achieve growth and growing the cake means people can have a bigger slice which he was saying at the party conference that the markets don't seem convinced that growth will happen soon enough to mean you can rely on that alone to solve the gap
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in the money. you then have to ask, what you do? you are cutting taxes so you don't want to put them up further and they were at a 70 year high and all that, but the only thing it leaves you with is public spending. i know they do a huddle with journalists after pmqs, so have they offered clarity as to what the prime minister was getting at? sea, prime minister was getting at? bit. we asked the prime minister's spokesman at length for some context and to perhaps flesh out how they plan minister plans to find the money now. and and there weren't any hugely helpful answers. i can really what the spokesman told us. and he said given the global challenges at play, the spokesman added i will not be drawn into what those might look like and repeatedly looking ahead to
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the chancellor's statement which we expect on october the 31st. and filling the gap by the tax cuts. and i'm clarity was offered by the treasury minister from that. spending restraint was not the same as real term cuts, and we do plan iron discipline when it comes to spending restraint. i iron discipline when it comes to spending restraint.— iron discipline when it comes to spending restraint. i am slightly -auttin spending restraint. i am slightly putting you _ spending restraint. i am slightly putting you on _ spending restraint. i am slightly putting you on the _ spending restraint. i am slightly putting you on the spot - spending restraint. i am slightly putting you on the spot and - spending restraint. i am slightly putting you on the spot and i . putting you on the spot and i understand if you cannot answer now, given inflation is going up, does that mean because inflation is going up, effectively spending won't be going up at the same rate and therefore effectively they think that will help them deal with the
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problem. ratherthan that will help them deal with the problem. rather than they will make the cuts additionally because essentially inflation is already delivering cuts and the things you are buying for the public sector are costing you more than they would have done five months ago. you are riuht. the have done five months ago. you are right. the departmental— have done five months ago. you are right. the departmental budgets - have done five months ago. you are| right. the departmental budgets are not going as far as they might have done had inflation not risen at the rate it had done. so that's one possible theory about how liz truss might be able to stick to the commitment and not make any public spending cuts, but if departmental budgets rise but don't rise in line with inflation then the government could possibly argue that public spending has continued to rise but that would effectively be a real terms cut and the treasury minister has appeared to rule it out as an overall approach, so lots of people scratching their heads, really. let's hope they're not scratching their heads too much in the markets because we know what happens when they think too much about things like that. fears the uk economy will go
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into recession intensified after new figures show it shrank unexpectedly by 0.3 percent in august. and there's continuing turbulence on the financial markets — the bank of england has insisted its emergency intervention on the bond market to support pension funds will end this week. our business correspondent ramzan karmali has more. the bank of england has insisted its emergency intervention on the bond market to support pension funds will end this week. within three weeks of the chancellor's mini—budget, the warnings over his actions are coming thick and fast. yesterday in washington, the international monetary fund said that higher prices in the uk would stay here for longer and that the government's current course of action was at odds with what the bank of england is trying to do to get inflation down. imagine a car with two drivers, each of them with a steering wheel, and one wants to go left on the other wants to go right. one is the central bank, trying to call off the economy so that price pressures will ease. and the other one wants to spend
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more to support families but beyond that is going to add to aggregate demand. the imf believes that the chancellor's tax—cutting plans will only boost growth in the short term. and economists appearing front of mps today were not optimistic. we are not going to hit medium term 2.5% growth in this economy at the moment. this is something that i will have to be nurtured over decades. yesterday at the imf meetings, andrew bailey, the governor of the bank of england, came underfocus. the bank has had to intervene in the bond market to help ensure the viability of many pension funds. he insisted that the current bond buying programme would come to an end this week, a move not welcomed by the markets. sterling has fallen in response to what you said, that they have three days. does that complicate matters?
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no. i'm afraid this has to be done for the sake of financial stability. since the many budget on september the 23rd, the pound has slumped in value against the dollar and the cost of government borrowing risen dramatically, which has sent a fixed mortgage rates rising at record speeds. the city is desperate for clarity on how the chancellor's proposals will add up, and although he has brought that day forward to the end of this month, to many, that is not soon enough. the first thing is that the chancellor needs to reveal his plan. the government is playing its cards either very close to its chest, were literally doesn't know what its hand of cards is. growth right now also looks hard to come by. the uk economy unexpectedly shrank in august, and for small businesses like this source producer, things are already tough. things are definitely reducing in terms of sales. because it is something customers cannot sometimes afford.
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the government says it is confident in its growth plan, but the pressure is intensifying on the chancellor to come up with a credible debt plan, and quickly. ramzan karmali, bbc news. our business editor simonjack explained why the bank of england has decided to stop supporting the bond market on friday it was a short—term emergency programme to fight what was an outbreak of instability in the fragile markets which threaten to some bits of the pension industry, not a huge part, but an important part in what they did we would buy up part in what they did we would buy up the bonds so they're not sold in a fire sale and create disorder in the financial markets, but what they were not trying to do was bring interest rates down. this was not a bring interest rates down exercise, it was a financial stability exercise with things potentially going badly wrong so they will end that this friday on what has happened in the bond markets, the cost of government borrowing which has a knock—on effect for all of us
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and dictates the price of mortgages is that the cost of government borrowing which came down when the bank of england got involved has slowly crept up to where it was before the bank of england intervened, and while it is undeniably true that interest rates have gone around the world, it's also undeniable that the mini budget and the questions around how the books will balance did the markets big time and they are right back in the questioning, nervous, unsettled place that they were before. the bank of england stepped in to buy government debt to prevent pension funds collapsing. they'd stepped in to buy government debt — to try to prevent pension funds collapsing. but how do these markets work? we thought we'd take a closer look. our business reporter noor nanji is here with the details. this is a complicated area of finance and economics, but we'll try to explain. let's start by looking at what the gilt market is. usually, the government
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wants to spend more than it raises in taxes. so it borrows money by selling gilts. gilts is another word for uk government bonds — basically ious. a promise to pay money back some time in the future, and make regular interest payments in the meantime. the government sells bonds to investors, and they can sell them to each other. the price of those bonds depends in part on how much faith investors have that their money will be repaid. the uk government is a reliable borrower, and it's very likely to pay those debts back — so the interest rate it's charged will normally be relatively low. but one event made people look at things a little differently — the mini—budget on 23 september. that budget announced plans to cut taxes — financed by borrowing — but with little detail on how the government says the measures would boost economic growth, and that in turn will increase government revenues, and help pay for the tax cuts,
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and that should help calm the bond market. but it spooked people who have invested in uk government debt, and are worried that the uk has become a less reliable borrower than it used to be. and lots of them started selling their bonds, pushing the price down. something you need to understand about bonds is this — if the price goes down, then the effective interest rate — called the yield — goes up. now that interest rate makes it more expensive for the government to borrow — and that means more government money spent on debt interest instead of public services. and it also
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pushes up interest rates on other things — notably mortgages. so if you are about to re—mortgage or buy a house, that's going to be more expensive. it could push rents up too. also caused a lot of chaos for pensions because they hold a lot of bonds and they don't have much choice in the matter. the value of the bonds are falling. some of them needed to sell the bonds quickly to raise money, making the situation worse. so last month, the bank of england had to step in and start buying the bonds to stop prices falling too fast. that acts as a kind of backstop because the price won't fall below what the bank is prepared to offer for them. some pensions have invested in more complicated arrangements which were meant to match their investments more closely to the pension payments they will make in the future — but which are now forcing them to sell assets when prices are low. when�*s this all going to end? well, the markets are waiting for the 31st of october when the government is going to publish details of how it's going to fund those tax cuts and stop the debt spinning out of control.
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a nurse accused of murdering babies on a neonatal ward tried four times to kill a premature baby girl before succeeding, a court has heard. lucy letby is charged with murdering seven babies and attempting to murder 10 others at the countess of chester hospital in 2015 and 2016. she's denied the charges. 0ur reporter rowan bridge joins me now from outside manchester crown court. a disturbing case so far, what more have the jury heard today. that's right. today is day three of the prosecution outlining their case against lucy letby who was accused of murdering seven children and attempting to murder a further ten. the babies in question all have anonymity orders in place, so we are addressing them by letters of the alphabet, and there was more dramatic and disturbing evidence of thejury dramatic and disturbing evidence of
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the jury heard this morning and dramatic and disturbing evidence of thejury heard this morning and much of the morning was spent dealing with a child described as child i, a premature geld being treated in the neonatal unit and letby is accused of trying to kill her four times, finally succeeding on the fifth. she is accused of injecting air into her stomach or bowel is, causing her lungs to not be up to work properly and ultimately killing her. and the jury and ultimately killing her. and the jury was told this after the death of baby i. the parents were asked if they would like to and letby came into the room and she talked about how she had been at the baby's first bar. when she was interviewed by police as part of a criminal investigation, she admitted she had sent the couple a sympathy card, even though that was not standard practice for something to do with parents who had been bereaved and we also heard about the case of child h
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who suffered two unexplained collapses while lucy letby is working on the neonatal unit and it followed a pattern where the baby suffered unexplained collapses when lucy letby was around. nickjohnson, qc, said it was significant that children in the orbit of lucy let me persistently and consistently suffered unexplained collapses and he also described the attempt on child i as an extreme case even by the standards of this case, describing the actions as persistent, calculated and cold—blooded. we also heard again today as we heard from previous evidence how letby searched on facebook for the identities of some of the children she is accused of murdering or attempting to murder. she denies all of the charges against and the prosecution is continuing to outline their case this afternoon and it is expected to last up to six months.—
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this afternoon and it is expected to last up to six months. some breaking news. last up to six months. some breaking news- some — last up to six months. some breaking news. some news _ last up to six months. some breaking news. some news that _ last up to six months. some breaking news. some news that has _ last up to six months. some breaking news. some news that has a - last up to six months. some breaking news. some news that has a lot - last up to six months. some breaking news. some news that has a lot of i news. some news that has a lot of consequences flowing from it. police have confirmed in the last few minutes, and this is thames valley police, who have confirmed that they have found human remains in the search for leo croucher. —— keah. she vanished near milton keynes in every 2019 and the police had already confirmed i had found possessions at a house and at that property there. and today they have
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confirmed human remains. developments will come during the course of the afternoon. the nhs in england has declared an amber alert for critically low blood supplies for the first time. a spokeswoman said there were just over three days worth of overall blood stocks, but supplies of 0—type blood , which is important during emergencies and when someone's blood type is unknown , had fallen to below two days. 0ur health correspondent catherine burns has more on this. ideally, the nhs blood and transplant likes to have about six days blood supply in england. for 0 negative right now, it has less than two. it's just over two for 0 positive and there are several other blood types with shortages, too, so this means that we think since the first time since the late 1990s, hospitals in england are being asked to manage their blood supplies with certain emergency measures. and this could mean possibly cancelling up to 1% of elective surgery so this isn't going to affect emergency or cancer care or transfusion the patients who had long—term conditions, but this is the last thing we need with waiting lists of about 6.8 million people
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waiting for treatment. as to why this is happening, the main reason the staff shortages and sickness. so we're talking about donor carers, the people who look after you when you give blood. so, right now, and this is an ongoing problem since the start of the pandemic, existing donors are being asked to make appointments if possible but it might not be that easy because there are just a handful of cities in england right now they have more than 50 free appointments this week. defence ministers from the nato military alliance are meeting in brussels — discussing how to step up support for ukraine after this week's russian missile attacks there. nato's secretary general has said sending more air defences to the country is a �*top priority�*. ukraine's president — volodymyr zelensky — has called for what he calls an �*air shield' against future russian attacks.
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0ur correspondent in kyiv, hugo bachega has the latest. in zaporizhzhia, a city in the south of the country, a target of russian forces, officials say a rocket hit a residential area overnight creating a huge crater. there were no casualties. this morning, seven people were killed after a russian attack on the ukrainian controlled town in donetsk. the government said the central market was hit, and they say there was no military logic for such an attack and russia has been responding to military defeats on the battlefield by attacking civilian sites and infrastructure, and the ukrainians have been saying they need air defence capabilities to protect cities from the threat of russian missiles. at the nato summit in brussels, the us defence secretary said ukraine had made significant gains and change the
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dynamics on the battlefield. pleasure to speak to you. you are on the polish side of the ukrainian border. 0ne the polish side of the ukrainian border. one of the locations from which you are delivering and have been delivering aid for months now. what has happened this week? this week was a what has happened this week? ti 3 week was a horrendous ukrainian scene, so what you see behind me is the equivalent of what is in kyiv, so that gives us the ability to move strategically and we had to evacuate the entire team and most of them were literally in bunkers underground. it was quite a mess. but it doesn't stop the ukrainian will and we are back up and running now.
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we have a lot of things now to respond to how things happened and how things destroyed. in respond to how things happened and how things destroyed.— how things destroyed. in terms of what is happening _ how things destroyed. in terms of what is happening in _ how things destroyed. in terms of what is happening in brussels - how things destroyed. in terms of what is happening in brussels this afternoon and the ukrainian defence minister saying we need air seals and air defences, the argument ukrainian government has made over virtually the entire length is the material advantage, presumably protection from the air would give you an alternative way to get aid in to the areas where infrastructures have been destroyed on the roads are blocked and it's just not safe to travel by land. blocked and it's 'ust not safe to travel by land._ blocked and it's 'ust not safe to travel by land. yes. we definitely a . ree it travel by land. yes. we definitely agree it would — travel by land. yes. we definitely agree it would be _ travel by land. yes. we definitely agree it would be good _ travel by land. yes. we definitely agree it would be good if - travel by land. yes. we definitely agree it would be good if it - agree it would be good if it happened and they have been very successful at shooting things down is with a lot of the systems with the things given between europe and the things given between europe and the united states. we have been in over16 the united states. we have been in over 16 of the newly liberated regions all throughout, sometimes we
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are the first in. and we speak to those people and it's something we want the world to know that when we are speaking with those people, they were left there for six months, seven months and that is absolutely mind—boggling. everybody has been extremely happy to be liberated in those areas to see aid coming in, and it tells the whole story. you have this opposing vote, and everybody seems thrilled that they are ukrainian again in those areas, and it's very important for the world to know. i and it's very important for the world to know.— world to know. i would be interested, _ world to know. i would be interested, given - world to know. i would be interested, given your- world to know. i would be - interested, given your perspective, but even this is your heritage given that you live and work in the united states, how has the war impacted relationships between the expat communities, because there is a big ukrainian population in the us and
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canada and a big russian population in the us and canada. it must be very hard for people from both countries to look back at what is happening at home.— happening at home. yes. it's interesting. _ happening at home. yes. it's interesting. there's - happening at home. yes. it's| interesting. there's definitely happening at home. yes. it's - interesting. there's definitely been threats to ukrainians inside the us that we have seen. you know, most russians i know, at least in miami that i speak to, are very embarrassed about their country and what it has been doing. they are definitely for the liberation and for this to end. flan definitely for the liberation and for this to end.— definitely for the liberation and for this to end. can i ask you what our for this to end. can i ask you what your concern _ for this to end. can i ask you what your concern is _ for this to end. can i ask you what your concern is about _ for this to end. can i ask you what your concern is about the - for this to end. can i ask you what your concern is about the impact i for this to end. can i ask you whatl your concern is about the impact of this week's air might be, because we saw large numbers of ukrainians getting out of ukraine for perfectly understandable reasons. we saw quite a lot of people slowly going back home when they felt things were a bit more stable and trying to rebuild their lives within the environment of still being under
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attack. is there any sign of a fresh movement population? yes. attack. is there any sign of a fresh movement population?— attack. is there any sign of a fresh movement population? yes. we always 0 erate with movement population? yes. we always operate with foresight, _ movement population? yes. we always operate with foresight, and _ movement population? yes. we always operate with foresight, and that - movement population? yes. we always operate with foresight, and that is - operate with foresight, and that is what led us and we were on the border literally on february the 25th, the first tent set up there. and they were not that many people coming through, by the 27th it looked like a football game emptying every hour. so we have been monitoring and set the tent back up at the border and it's been very slow the. we have been speaking with local shelters who have a 100% increase to what it was in poland already, so that is concerning. we have to see what happens in the next few days to see if there's going to be a massive influx of people or not. again, it depends on what will happen, but we are prepared to help
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on both sides of the border and that's why we have these different bases set up. pa. that's why we have these different bases set up-_ bases set up. a real pleasure to seak bases set up. a real pleasure to s - eak to bases set up. a real pleasure to speak to you — bases set up. a real pleasure to speak to you and _ bases set up. a real pleasure to speak to you and thank- bases set up. a real pleasure to speak to you and thank you - bases set up. a real pleasure to speak to you and thank you forl bases set up. a real pleasure to l speak to you and thank you for all of the work you are doing out there. thank you for your time.— thank you for your time. thank you for havin: thank you for your time. thank you for having us- _ they can go back now to those issues affecting the uk economy, the bank has �*s one it will stop propping up uk bond has meant that her mind in the pensions industry has not abated. jennings now is baroness ros altman, the former conservative pensions secretary from david cameron's government who is appear the house of lords. despite the circumstances, how dvd this announcement by the bank? i circumstances, how dvd this announcement by the bank? i must admit that i — announcement by the bank? i must admit that l think _ announcement by the bank? i must admit that i think it's _ announcement by the bank? i must admit that i think it's a _ announcement by the bank? i must admit that i think it's a pretty - admit that i think it's a pretty dangerous announcement. i would much rather see them extending the emergency measures if they were needed rather than saying even if
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they needed we're not doing it. that is effectively what the markets will read into this. there is no reason actively to think that the forms that have caused the sell—off in gilts have gone away. hopefully, perhaps, the 31st of october fiscal statement will restore some confidence in the government's fiscal policy but that is not for another two weeks or more. and, also, hopefully, the inflation numbers might settle back a bit and perhaps confidence might be restored in the bank of england's monetary policy setting but, again, we don't have any imminent announcement spare either so it's hard to see why the emergency will have gone awayjust because we've reached the 14th of october. ~' ., , ., ., october. the kind of interpretation that exoerts _ october. the kind of interpretation that experts have _ october. the kind of interpretation that experts have might _ october. the kind of interpretation that experts have might be - october. the kind of interpretation l that experts have might be different from how everybody else sees what's going on. a lot of people will look at the fluctuations in the pound and
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they won't quite understand the fluctuations in the gilt market. can you try, it simply as you can if you could for my sake and everybody watching, to explain why this causes pension funds so much angst? mellie pension funds so much angst? well, the fluctuations _ pension funds so much angst? well, the fluctuations in _ pension funds so much angst? well, the fluctuations in the _ pension funds so much angst? -ii the fluctuations in the currency markets and the weakness of sterling is another element of the markets loss of confidence in the central banks monetary policy in the way in which the bank of england has been trying to control inflation and, also, partly, a loss of confidence in the government's policy on managing taxation, so when the markets lose confidence in your currency, which is how this started on the day before the mini budget, actually, when the bank of england didn't raise interest rates by as much as the markets were expecting, that causes a loss of confidence in the government's ability to fund all
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that spending and the way that the government funds its spending is partly by tax receipts but also by borrowing because the government has a deficit and when it burrows in the markets it has to offer a level of interest rates that investors would be willing to lend to the government and that interest rate is the yield of gilts because the government... right. of gilts because the government... richt. �* ., , of gilts because the government... richt....�* ., , ., right. and if governments have less confidence _ right. and if governments have less confidence in _ right. and if governments have less confidence in the _ right. and if governments have l less confidence in the government's ability to repay they will demand higher interest rates on the government bonds than they have been willing to buy and that is what has been driving gilt yields up and that is something that could affect pension schemes. because they are long—term investors in the amount of money they need to have in their
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pension funds to pay pensions over many years is valued by the rate at which the government can borrow money and pension funds have been hit by a polling interest rates, which meant they needed to have a lot more money today to be able to be a on to pay pensions in 20,30 years' time —— appalling interest rates. and that was because the amount they could earn on their investments was lower because interest rates had been falling but when interest rates start rising again then those pension funds who were holding government bonds will have lost money using those bonds need to make that up somehow. thank ou. that need to make that up somehow. thank you- that is — need to make that up somehow. thank you- that is a — need to make that up somehow. thank you- that is a very _ need to make that up somehow. thank you. that is a very helpful— you. that is a very helpful explanation. i appreciate that. is it possible what the bank is doing in committee so you're saying to the market look, the government got the system into this mess, it is the government who should sort it out. if we keep throwing money at it,
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we're giving the government actually, it's theirjob to take responsibility for the policy. that ma be responsibility for the policy. that may be partly — responsibility for the policy. that may be partly behind their thinking but my strong contention is that, actually, the bank of england itself is partly responsible for what has happened in the government bond markets. it is notjust what's happened to fiscal policy, it is not just what the government and the chancellor have been doing, it's also what the bank of england have been doing for the last 12 years or more where it's creating new money to buy government bonds to help prop up to buy government bonds to help prop up government spending to drive down the cost of government borrowing. that was a deliberate policy and it added hundreds of billion pounds more so that policy to help the government fund the covid—19 furlough schemes and what the central bank seems not to have recognised is that its own policy is
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partly responsible for first driving gilt yields down by so much and then when it didn't heighten policy as much as expected and it it also announced that it was about to start unwinding its gilt purchases by selling £80 billion worth of government bonds into the market during october, that was the original plan, the bank of england itself frightened investors away from the gilt market and the bank hasn't announced that it is not going to, and the moment at least, try and sell those £80 billion worth of gilts so that itself will cause problems and it hasn't announced that it will stand behind the gilt market at least until the chancellor's fiscal statement so, as i say, i can't see that there is enough that will change the emergency situation the bank stepped in to try and correct by the 14th of
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october for the in to try and correct by the 14th of 0ctoberfor the bank in to try and correct by the 14th of october for the bank to safely be able to signal to the markets that it is not going to do any more emergency buying and, indeed, it is almost like throwing down the gauntlet to the market saying, look, we're not going to be buying. nothing else has changed but if you want to go on sale, well, go on sale. what can we do about it? i think they're going to have to step in if this happens again and they should be perhaps admitting that now rather than waiting for that challenge. rather than waiting for that challenge-— rather than waiting for that challenge. rather than waiting for that challenue. ., , , ., , , challenge. former pensions minister, almost a pleasure, _ challenge. former pensions minister, almost a pleasure, thank— challenge. former pensions minister, almost a pleasure, thank you - for your time. just to let you know we have had some breaking news that the leader in the house of commons, penny mordaunt, has told mps that they will debate on monday and complete rapidly all the stages of legislation for presenting to the house of lords the new energy bill which is designed to put a cap on the profits of energy companies as announced by the business secretary jacob rees—mogg in the papers
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overnight. new government legislation to cap the revenues of renewable energy generators and renewable energy generators and renewable power plants will be —— and energy power plants will be rushed through the commons on monday. it is the second reading of the debate that will take place next week and will remain on the stages. the bill is being rushed vu to allow governments to effectively cap profits made. remember, the renewable energy market, basically the price paid for the new bill has gone up even though the cost of renewables has not gone up, and within the overall vies of energy prices connected to the gas market where supplies are limited by the russian invasion of ukraine and sanctions on russia —— the overall rise in energy prices. police in the southern indian state of kerala have arrested three people for allegedly murdering two women in a suspected case of human sacrifice. the remains of the women were found on tuesday and police say
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the accused have confessed to the crime. it's shocked the people of kerala — which is considered one of india's most progressive states. i'm nowjoined by our pramila krishnan from the bbc tamil service. i'm nowjoined by our pramila krishnan from the bbc tamil service. tell us more about this case and what we know. three people are suspected to have committed the sacrifice of financial benefit and investigators say this is quite a strange case that is happening cleverly because someone himself has come on record and said this is beyond imagination that this has happened here and they are suspecting that that might have been some of the people he might have been sacrificed earlier in these cases have come only after three months so it is quite strange how it happened and these investigations in the first stage so we need to get
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more details of how these details have been arranged and how it happened in the main things that have come to light is how it happened in the progressive state of kavanagh which stands high on education and other parameters and it has questioned how this state has allowed these practices to date. == allowed these practices to date. -- the allowed these practices to date. » the progressive state of kerala. allowed these practices to date. -- the progressive state of kerala. it i the progressive state of kerala. it said that allocation especially in isolated rural communities evidence found of old practices in the hindu and seek faiths and the muslim faith as well. but that tends to be quite isolated communities. is it the fact that has happened in a very busy and popular is quite modern state that has really throwing people? just feels outside of everything they have been used to?— feels outside of everything they have been used to? yes, as you said earlier, it have been used to? yes, as you said
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earlier. it is — have been used to? yes, as you said earlier, it is quite _ have been used to? yes, as you said earlier, it is quite unnatural- have been used to? yes, as you said earlier, it is quite unnatural and - earlier, it is quite unnatural and very strange to believe it has happened in the southern part of india but we cannot rule out that in many states also people still believe in this kind of black magic and that it can bring you a lot of money and help childless couples to get children and bring rain so we can still in practice but it was not quite popularly known. this incident has brought to light that there has to be a serious investigation into black magic. ilil" to be a serious investigation into black magic-— to be a serious investigation into black manic. , black magic. our correspondent there in kavanauh black magic. our correspondent there in kavanagh from _ black magic. our correspondent there in kavanagh from bbc _ black magic. our correspondent there in kavanagh from bbc tamil- black magic. our correspondent there in kavanagh from bbc tamil service. | in kavanagh from bbc tamil service. —— our correspondent there in kerala. extraordinary story and we will bring you more for less the day. now breaking news from bbc persian service where
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it is now believed at least 201 people, 23 children among them, have died in the nationwide protests in iran. that is according to the organisation iran human rights organisation iran human rights organisation which is an exile organisation which is an exile organisation based in oslo in norway. its latest assessment says that the investigation, the extent of the pressure impossible number of deaths in kurdistan over the last few days are still ongoing. internet has been severely disrupted and it has been severely disrupted and it has been severely disrupted and it has been hard to establish what is happening there but, as i say, it is known according to the iran human rights organisation where it believes it has been able to confirm the deaths of 201 people, 23 of them were children. now, here, there are calls to offer all women an nhs health check once they turn 45 so they can discuss the menopause
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with their gp. a group of mps — who've been investigating the issue — say the current level of support is "completely inadequate". 0ur correspondent anjana gadgil has this report. misunderstood, misdiagnosed and ignored. common complaints from women going through the menopause. it's an issue highlighted by these celebrity campaigners who went to parliament injune to tell their stories. a heat that you can never imagine, like a fire was set at your feet that grew further and further up into your body. your hormones are always fluctuating so you have this yo—yo effect. so, sometimes you think it's gone away, i've got it under control, and then itjust comes back full force. menopause usually happens between the ages of 45 and 55 when periods stop due to lower hormone levels. the months leading up to that are called the perimenopause, where symptoms can start, including hot flushes, night sweats and migraines. what i'm classically seeing is that women will be on their knees, so they've got the point where they've sort of put up with symptoms because they don't want to disturb the doctor. i've had some women who have
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genuinely come and seen me and think, "i thought i've got dementia, doctor." women will have palpitations, anxiety, panic attack, mental health symptoms, lack of libido, which can really impact relationships as well. for the past year, a group of mps from all parties have heard from menopausal women, doctors and employers. today, their recommendations will be presented to the government. they include inviting all women for a menopause checkup at a5, scrapping prescription costs for hrt in england in line with the rest of the uk, and more training for gps. the shortage of hrt also needs to be addressed. the increased demand is down to the pressure groups and the campaign groups and the davina effect and everything else that we've seen. that drives women to go to their gp and to ask for hrt. what the government are not doing is working with the manufacturers to make sure they're producing enough hrt and it's readily available. other recommendations include better support for women in the workplace. 51% of the population will experience menopause. it's an experience women are increasingly more willing to share. anjana gadgil, bbc news.
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we can dull down talk now to doctor louise newson, a gp and menopause export and a member of the government's menopause tax valves —— task force. this is a field have beenin task force. this is a field have been in for a long time and establish lots of resources to help within. that more broadly doesn't seem to reach women at the point they need it. they often find afterwards but they arrive in the state and often it comes, as you will know far better than i would, having only lived with people on the menopause are not experienced it myself, it can come out of nowhere and you are disoriented by the 16th is a new source of needs in preparation for that. it is a new source of needs in
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preparation for that.- is a new source of needs in preparation for that. it is really hard even _ preparation for that. it is really hard even as _ preparation for that. it is really hard even as a _ preparation for that. it is really hard even as a menopause - preparation for that. it is really - hard even as a menopause specialist eye when i was perimenopause i didn't recognise the symptoms and felt my migraines were due to working too hard and cold feet and other symptoms just because i was getting older and what is really difficult about menopause and perimenopause as there is no individual blood test or saliva test and it goes on a group of symptoms and it goes on a group of symptoms and that is why having a symptom questionnaire that people can download and then take to their doctor, their nurse, their pharmacist, their health care provider and say, look, pharmacist, their health care providerand say, look, i've pharmacist, their health care provider and say, look, i've got the symptoms that i have started to come on and i think it could be my hormones and the loss of women actually have found when they get the information that it can make the diagnosis themselves and then go to the doctor and try help so it is really important that us as patients if you like do our homework because it is very difficult in a ten minute consultation of course to tease everything out but if it is the
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patient we know or think it is related to our home and it is really important because we know women are not receiving evidence—based treatments and getting their comments back and living so much longer as women. most of us living 3440 longer as women. most of us living 341t0 years without their hormones and it causes symptoms for a lot of women —— living for 30 or a0 years. had disease, osteoporosis, dementia. when two women will develop osteoporosis, one in three will have an osteopathic hip fracture, costing the nhs are £10 million a year. 10% of women give up theirjobs because of women give up theirjobs because of their symptoms with dozen data looking at that to recruit and have other women working because it is going to cost about £10 billion a year so we are haemorrhaging women from the workplace, women are suffering, and this is where the report highlighting these problems. i'm sure that you will make the case
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not on medical grounds but quite properly given that the government is saying at the moment about its priorities that actually this is something that would contribute to the growth of the british economy because if these people stayed in the workforce and work done might continue to be able to work with their families they would feel like productive members of society not feel like life is coming to an end which many women in the situation at least four time can feel, can't they? least four time can feel, can't the ? ~ , , least four time can feel, can't the ? ~ , ., least four time can feel, can't they? absolutely agree and it is about £4 they? absolutely agree and it is about it a _ they? absolutely agree and it is about £4 a month, _ they? absolutely agree and it is about £4 a month, not - they? absolutely agree and it is about £4 a month, not much i they? absolutely agree and it is - about £4 a month, not much money at about £a a month, not much money at all and it has huge benefits and we see people in the clinic have been going to various secondary care investigations for palpitations, headaches, joint pains, urinary symptoms and also i know personally i would not be working if i wasn't taking hrt. some women are fine, don't have symptoms, but they will still have health risks and it is really important we are looking very holistically as well looking at hormones, lifestyle, diet, exercise, everything else as well because if
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we invest in women now their future health will improve and also what they can give back to the economy and health economy will approve as well so it is very common sense but it is just something about maybe because it is women it is not being addressed in the right way. incentives like a lot of other things that they are not already funded, it is quite difficult to persuade people to either find additionalfunding or more likely shift funding from somewhere else because we have been talking for years about the example for talking further peace for mental health but we have never quite found a way to fund them adequately and create an environment in which there are enough people to do them to provide the service. are you a bit worried that in the sense quite a cinderella subject but the menopause is one of those things where perhaps there is in power think well, it happens to everyone, and the woman in one form or another with minor exceptions, most women, and it is a stage of life therefore we are not going to
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treat it as something that we can do anything about? i treat it as something that we can do anything about?— anything about? i think there has been this complacency _ anything about? i think there has been this complacency for - anything about? i think there has been this complacency for a - anything about? i think there has been this complacency for a long | been this complacency for a long time and i think it is a lot of people don't think about hormones as anything beyond the ovaries but now they are thinking about hrt as a lifestyle drone but actually hormones such as progesterone are biologically active hormones that affect every cell in our body and thatis affect every cell in our body and that is why looking at the health risks is really important and the effect it has longer term on really important diseases such as heart disease, dementia and osteoporosis we need to spin it on its head really think why are women not being treated? why are they being denied their own home and spite? it is not just older women. we know there were a lot of younger women are my youngest patient is 1a so younger women out menopausal and perimenopausal in the longer they are without their hormones the more this they are about other diseases so why are denying an evidence—based treatment in 2022? it doesn't make sense, actually?
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treatment in 2022? it doesn't make sense. actually?— sense, actually? doctor louise newson of— sense, actually? doctor louise newson of the _ sense, actually? doctor louise newson of the charity - sense, actually? doctor louise i newson of the charity menopause health and education which i think provides a lot of information. thank you very much. and also put in a shameless plug for the bbc�*s 28 —ish days later which if you haven't heard it is a brilliant podcast about the day—to—day impact of what happens in the during the menopause or, rather, during the period before menopause when women are going to their periods. now, netflix is ending the secrecy of and assume figures... netflix is ending the secrecy around its viewing figures — by signing up to the service that tracks audiences for all major uk broadcasters including the bbc. barb will begin reporting the streaming platform's ratings next month. previously, the streaming giant has only released snapshots of its viewing data, highlighting the success of its most popular shows. so, how will this change netflix's fortunes? gill hind, the chief operating 0fficerfrom media research company enders analysis,
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joins me now. this comes as netflix is also introducing advertising in parts of its services and presumably when it does come to the uk having viewing figures will be enormously helpful and it is trying to help persuade advertisers to cover up the cash? absolutely. it is no coincidence thatjust absolutely. it is no coincidence that just about three months ago netflix announced the fact they were going to start to take advertising and what they were actually going to do is introduce a lower cost data subscribers and is part of that people would —— lower cost tear and people would —— lower cost tear and people would —— lower cost tear and people would see adverts at the same time. forthe people would see adverts at the same time. for the first time ever netflix had lost overall subscribers and when we get to the stage where the markets are quite saturated as they are in the us and uk when you have a way to increase revenues and you are not going to get new subscribers and you're going to increase the charge and you can only do that so often getting new revenue streams coming in and that is advertising. this announcement today
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that they will start from november next year we need to sort of consider that actually disney+ has been able to be recorded by this service since last november and it is actually quite far—sighted audience measurement system and the past year has been able to report the total amounts of the services such as netflix and disney+ but now netflix is going to go out of the market and we believe it is launching advertising in november. really, if you have an advertiser you need to look at your audiences and netflix in the past has been very dubious about the exact figures. very dubious about the exact fiaures. ., , .., , �* very dubious about the exact fiaures. ., , , �* ., figures. forgive me because we're a bit for time- — figures. forgive me because we're a bit fortime. it— figures. forgive me because we're a bit for time. it is _ figures. forgive me because we're a bit for time. it is potentially - bit for time. it is potentially worrying, is it, for the broadcasters, if theiraudience worrying, is it, for the broadcasters, if their audience is starting to kind of disappear towards streaming services, if the figures can suddenly be compared? that is potentially worrying, isn't it? i that is potentially worrying, isn't it? 4' that is potentially worrying, isn't it? ~ ., ,
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that is potentially worrying, isn't it? «a ., , ., it? i think actually if you are broadcast — it? i think actually if you are broadcast you _ it? i think actually if you are broadcast you will _ it? i think actually if you are broadcast you will be - it? i think actually if you are broadcast you will be quite i it? i think actually if you are i broadcast you will be quite pleased this is coming out because there is an awful lot in the press that netflix is absolutely huge but we do know netflix is about 8% of viewing in the uk, video viewing, which is slightly larger than channel a but considerably smaller than itv and very much smaller than the bbc�*s likely having the sort of measure can help commercial broadcasters with advertising. actually what you would like as you would like netflix within the same measurement system if you are so advertisers can see what additional veatch advertising on netflix brings to the standard audience you are delivering on itv, channel a on skye. audience you are delivering on itv, channel 4 on skye.— channel 4 on skye. thank you very much. channel 4 on skye. thank you very much- would _ channel 4 on skye. thank you very much. would speak _ channel 4 on skye. thank you very much. would speak to _ channel 4 on skye. thank you very much. would speak to you. - channel 4 on skye. thank you very | much. would speak to you. thanks channel 4 on skye. thank you very i much. would speak to you. thanks so much. would speak to you. thanks so much for your time. a mountain gorilla, an algae bloom suffocating a lake in guatemala and bird courtship rituals — some of the winning images of this year's wildlife photographer of the year competition.
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but it was this picture of male cactus bees surrounding a single female — that was crowned overall winner. our environment correspondent matt mcgrath has the story. this was quite a technical image requiring the use of a macro lens to get really close to the action without actually being close to the bees and scaring them off. i think i miss pronounce your name and i do beg your pardon. let's go live to the winner now. karine aignerjoins me from london.(os congratulations. tell us how you capture that image. was this name as you were trying to capture or was it a happy accident? this you were trying to capture or was it a happy accident?— you were trying to capture or was it a happy accident? this isn't a happy accident. a happy accident? this isn't a happy accident- the _ a happy accident? this isn't a happy accident. the happy _ a happy accident? this isn't a happy accident. the happy accident - a happy accident? this isn't a happy accident. the happy accident was i accident. the happy accident was actually finding them and seeing them and knowing what they were. the photo itself took a little bit of planning because the year i had didn't work for the situation and so i had to vent a specialised lens and figure out how i was going to photograph these guys without standing on them or killing them in the process so there were a lot of pieces coming together.— the process so there were a lot of pieces coming together. where was
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the photograph _ pieces coming together. where was the photograph captured? - pieces coming together. where was the photograph captured? the i the photograph captured? tue: photograph the photograph captured? tte: photograph was the photograph captured? tt2 photograph was captured in south texas on a ranch. if: photograph was captured in south texas on a ranch.— texas on a ranch. c have got a fantastic _ texas on a ranch. c have got a fantastic backdrop _ texas on a ranch. c have got a fantastic backdrop to - fantastic backdrop to the whole image, as well, and the contrast with those really rich colours. really, itjustjumps out at you. what did thejudges really, itjustjumps out at you. what did the judges say to you? did they explain why they had chosen this particular photograph? thei;r this particular photograph? they didn't expiain — this particular photograph? they didn't explain to _ this particular photograph? they didn't explain to me _ this particular photograph? tt2 didn't explain to me personally. i have overheard some of their interviews and read some of their commentsjust around and in interviews and read some of their comments just around and in the exhibit but i think one of the reasons i think it was something no one has seen before, not that i had a system covered in a photograph like this. that is not another one out there that i know of that looks like this made in this way. you can see it being _ like this made in this way. you can see it being used _ like this made in this way. you can see it being used in _ like this made in this way. you can see it being used in so _ like this made in this way. you can see it being used in so many i like this made in this way. you can j see it being used in so many ways. your photograph but there are so
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many things it could exemplify because we often use bees and what happens on a hive and all the rest of it to use in so many other contexts. do you hope that it is an image that will develop a life of its own, beyond just being a representation of natural moment? t representation of natural moment? i would love for it to raise the awareness of our native bees, however insects that have around that we don't pay attention to. the european honeybee is the one that gets all the love and we have neglected these guys and these guys are the native ones. their habitat specialists some of them. there are many different species and we never hear about those and you would ask earlier did these bees have a hype? these bees are solitary. they nest on the ground. in nesting aggregations one by one each taking care of their own little denim making little chambers and pollen
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faults —— little den. —— pollen vaults. they fill the holes backing and then they die and they nest in a big aggregation with all these females. it is a whole world of bees that nobody knows about so i hope this to start a conversation about what is ongoing because these guys make up the fabric of this environment we live in and without them we don't have a nature we have now and we are losing that? it is a very powerful point. thank you so much for introducing us to their world and many congratulations. thank you so much.— world and many congratulations. thank you so much. thank you for havin: thank you so much. thank you for having me- _ now it's time for a look at the weather with chris fawkes. the most of us it is going to stay quite cloudy, really committed the rest of the day to day. we have also seen some rain around the majority of this wet weather has been following along this weather front, this cold front continuing to push eastwards over the next few hours
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with fresh and cooler air falling into northern ireland it is here where it should fight not but in england and wales it is predominant in dom are predominantly brighter. it is definitely mild, temperatures running round about two or three degrees above average for east anglia and the south—east. 0vernight tonight, the festive rain for midlands, east anglia, and that wettest weather across the far south. further north clear skies will allow temperatures to drop below freezing in the countryside which is something people may want to keep note of. two areas of rain to keep note of. two areas of rain to keep note of. two areas of rain to keep an eye on tomorrow, one threatening the far south of the uk another zone of rain across the far south—west. between east, some try and write weather with some sunny spells and for many it is another mild day. —— drier and brighter weather.
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this is bbc news. i'm shaun ley and these are the latest headlines. labour accuses liz truss of being �*lost in denial�* as she tells mps she won't reduce public spending to pay for her package of tax cuts. we will make sure that over the medium term, the debt is falling, but we will do that not by cutting public spending, but by making sure we spend public money well. does she think the public will ever forgive the conservative party if they keep on defending this madness and go ahead with her kamikaze budget? fears are raised of a recession this year as the economy unexpectedly shrinks in august. the bank of england confirms its emergency bond—buying scheme will close on friday,
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despite reports it may be extended. a court hears that a nurse accused of murdering babies on a neonatal ward killed a premature baby girl ward killed a premature baby girl on her fourth time of trying. she later sent the parents a sympathy card. blood supplies fall to a critically low level in england, prompting nhs blood and transplant to declare its first ever amber alert — meaning hospitals may have to postpone some elective surgery. police investigating the murder of 19—year—old leah croucher, who was last seen in february 2019, have identified human remains at a property where some of her possessions were found. and viewing figures for shows on netflix will now be measured independently, after the streaming service signs up to the tv ratings agency barb.
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good afternoon. the prime minister has said she'll �*absolutely�* stick to her promise not to cut public spending. she was speaking at the first prime minister's questions since last month's mini budget, which provoked turmoil on the financial markets. the labour leader sir keir starmer said she should reverse what he called her �*kamikaze' economic plan. it comes amid renewed turmoil in the bond markets, and fears of a looming recession — latest figures show the uk economy shrank by 0.3 % in august. from westminster, leila nathoo. a government weathered by storms of its own making. it's hard to believe this was only liz truss's second outing at prime minister's questions. have you wrecked the economy, prime minister? her budget—in—all—but—name not yet three weeks old set out a programme of major tax cuts, but it triggered turmoil in the financial markets,
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prompted a rise in mortgage rates and caused unrest within her own party. in the commons, the labour leader sir keir starmer attacked the measures and called for the government to change course. who voted for this? not homeowners, paying an extra 500 extra on their mortgages. who voted for this? not working people paying for tax cuts to the largest companies. who voted for this? not even most of the mp5 behind her, who know you can't pay for tax cuts on the never— never. does she think the public will ever forgive the conservative party if they keep on defending this madness and go ahead with her kamikaze budget? mr speaker, what our budget has delivered is security for families for the next two winters. it has made sure that we are going to see higher economic growth, lower
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inflation and more opportunities. the way that we will get our country growing is through morejobs, more growth, more opportunities. but lower taxes have to be paid for somehow. sir keir pressed the prime minister on a pledge she made before she took office. during her leadership contest, the prime minister said, "i'm very clear. i'm not planning public spending reductions". is she going to stick to that? absolutely. a clear commitment. what we will make sure is that over the medium term, the debt is falling, but we will do that not by cutting public spending, but by making sure we spend public money well. the fallout from the budget has overshadowed the prime minister's first weeks in office. she has already been forced into a major u—turn on scrapping
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the top rate of tax, with pressure coming from both outside and within her party, there is more that could yet come unstuck. leila nathoo, bbc news, westminster. fears the uk economy will go into recession intensified after new figures show it shrank unexpectedly by 0.3 percent in august. and there's continuing turbulence on the financial markets — the bank of england has insisted its emergency intervention on the bond market to support pension funds will end this week. our business correspondent ramzan karmali has more. within three weeks of the chancellor's mini budget, the warnings over his actions are coming thick and fast. yesterday in washington, the international monetary fund said that higher prices in the uk would stay here for longer and that the government's current course of action was at odds with what the bank of england is trying to do to get inflation down. imagine a car with two drivers, each of them with a steering wheel, and one wants to go left on the other wants to go right.
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one is the central bank, trying to call off the economy so that price pressures will ease. and the other one wants to spend more to support families but beyond that is going to add to aggregate demand. the imf believes that the chancellor's tax—cutting plans will only boost growth in the short term. and economists appearing front of mps today were not optimistic. we are not going to hit medium term 2.5% growth in this economy at the moment. this is something that i will have to be nurtured over decades. yesterday at the imf meetings, andrew bailey, the governor of the bank of england, came underfocus. the bank has had to intervene in the bond market to help ensure the viability of many pension funds. he insisted that the current bond buying programme would come to an end this week, a move not welcomed by the markets. sterling has fallen in response to what you said,
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that they have three days. does that complicate matters? no. i'm afraid this has to be done for the sake of financial stability. since the many budget on september the 23rd, the pound has slumped in value against the dollar and the cost of government borrowing risen dramatically, which has sent a fixed mortgage rates rising at record speeds. the city is desperate for clarity on how the chancellor's proposals will add up, and although he has brought that day forward to the end of this month, to many, that is not soon enough. the first thing is that the chancellor needs to reveal his plan. the government is playing its cards either very close to its chest, were literally doesn't know what its hand of cards is. growth right now also looks hard to come by. the uk economy unexpectedly shrank in august, and for small businesses like this source producer, things are already tough. things are definitely reducing in terms of sales. because it is something customers cannot sometimes afford. the government says it is confident in its growth plan, but the pressure
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is intensifying on the chancellor to come up with a credible debt plan, and quickly. ramzan karmali, bbc news. explain what is happening with the highest rate. the ten year yield, the cost of borrowing has risen to the cost of borrowing has risen to the highest level since 2008. perhaps more worryingly is the 30 year bond, the cost of borrowing over a longer period has gone back above 5% and if we go back to the friday two weeks ago. when the bank of england came in and said we have to buy some 30 years on is. the yields went up to over 5% and have gone back up to 5% which comes on the back of the bank of england
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saying our bond buying programme ends on friday and there is no more and no money left to spend. we will cut it off on friday. there was confusion this morning in the financial times as they said they thought they were extending it, but the bank and said, no we are closing the bank and said, no we are closing the bond buying scheme on friday. the former pensions minister who was talking to me an hour ago said she is slightly baffled by this because she said if the turmoil continues on friday, is it credible the bank would say, sorry, folks, your pension funds are still in a mess and you might have serious problems but we are going to end it anyway. some economists can look at it in a different way and say, hang on a sec, the bank of england can pump in money but there a limit to it. they can't keep on doing it because they will lose credibility then and they were jumping will lose credibility then and they werejumping on any will lose credibility then and they were jumping on any crisis and any small matter, they will start pumping in money to the economy. banks basically said, firmly, the ball is in the government's court
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and it's up to them to come up with the costings of their fiscal plan to come up with the details and calm the markets, its up to them. what we can to calm the pension market down. i think it is quite a firm message from the bungling to say, ok, we have done what we set out to 0k, we have done what we set out to do —— from the bank of england. but the main aim is to control inflation and we cannot do that if we keep pumping money in. but and we cannot do that if we keep pumping money in-_ and we cannot do that if we keep pumping money in. but there is a roblem pumping money in. but there is a problem if _ pumping money in. but there is a problem if you — pumping money in. but there is a problem if you have _ pumping money in. but there is a problem if you have the - pumping money in. but there is a problem if you have the bank i problem if you have the bank effectively saying it is over to you, and having made so clear that it had concerns about the impact of the fiscal event, the mini budget that the markets drew their own conclusions, but these are not to institutions working in lockstep, the treasury and the bank of england. the treasury and the bank of encland. . . the treasury and the bank of encland. , , ., england. this is something we had from the imf, _ england. this is something we had from the imf, doing _ england. this is something we had from the imf, doing opposite i england. this is something we had i from the imf, doing opposite things. the focus of the bank is to get inflation down on the government have said,, look, we are spending money to support people with energy bills but that is quite inflationary
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and they want to introduce tax cuts again to boost growth and again, thatis again to boost growth and again, that is something inflationary as well. so they are working, it doesn't feel like they are working in tandem but in opposite directions and it's a hard place to be at the moment. i think there is growing pressure for the government to say something before the 31st of october, because markets are not 0ctober, because markets are not happy and you can see it in the wild swings. the move on the 30 year bond has gone up about a quarter of a percent in one day and the bond market, i can't stress it enough, is the most stale market normally. nothing really happens. it's very dull and when i was talking to someone the other day about their pension and they said they had everything in 30 year bonds. exactly, now i've lost a lot of money on the pension investment. why is that? all of these pension advisers would put you there because not much is happening there, so that
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is where you should be, but it is really, really... ican't is where you should be, but it is really, really... i can't stress how big the moves are.— really, really... i can't stress how big the moves are. and then it tells us there is — big the moves are. and then it tells us there is something _ big the moves are. and then it tells us there is something about - big the moves are. and then it tells us there is something about how i big the moves are. and then it tells | us there is something about how we should compare what has happened in the last month with other moments of turmoil. .,. , the last month with other moments of turmoil. .. , , ., the last month with other moments of turmoil. , i. . ,, turmoil. exactly. if you look back to 2008, pre-financial_ turmoil. exactly. if you look back to 2008, pre-financial crisis, i turmoil. exactly. if you look back to 2008, pre-financial crisis, we| to 2008, pre—financial crisis, we are talking about that. the moves on fixed rate mortgages, the speed they are going up and is the fastest on record. before we thought it was the fastest since the financial crisis, but it is on record. so you can see it's having an impact notjust on the markets but people as well, everyday people and consumers. thahk everyday people and consumers. thank ou so everyday people and consumers. thank you so much- — i'm joined now by the whitehall editor of the financial times, sebastian payne. thank you for talking to us on bbc news. let me ask you first of all, what do you read into what the prime minister had to say today and perhaps, as importantly, what conservative mps are reading into
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it. fits conservative mps are reading into it. ~ , ., ., ., conservative mps are reading into it. as a former female conservative prime minister _ it. as a former female conservative prime minister once _ it. as a former female conservative prime minister once said, - it. as a former female conservative prime minister once said, i - it. as a former female conservative prime minister once said, i think. prime minister once said, i think the view of liz truss is that the lady's not for turning. in her pmqs performance she said the government would go ahead with a £17 billion of cuts to corporation tax and there's been a lot of pressure from people within the market and also some corners of the conservative party to u—turn on that and provide stability and she's still pushing ahead with her package and if you look at the general mood from conservative mps, it was pretty downbeat but at the moment it doesn't feel like liz truss is massively going to change course. as we've seen throughout the economic crisis, the markets might have something to say about that if she continues on this basis and the most crucial thing, pardon me, the most crucial thing, pardon me, the most crucial thing from pmqs was the fact she said there would be no cuts to government spending. we have this big fiscal event on the 31st of october so if there is not going to 0ctober so if there is not going to be any u—turn on the fiscal plan and
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no cuts in government spending, then what exactly is liz truss going to set out? because there is a lot of volatility, as you are talking about in terms of where guilt and government borrowing is —— gilts. but if she keeps the same course, how will the suns add up? as on that date the 0b r have to produce a fiscal plan that will better set out how these will be paid for and based on what i saw at pmqs, i'm not sure how she will make it stacked together. tt how she will make it stacked to . ether. . how she will make it stacked touether. , ,., .., how she will make it stacked touether. , ., , together. it is the politicalworry as much as _ together. it is the politicalworry as much as the _ together. it is the politicalworry as much as the economic- together. it is the politicalworry as much as the economic worry, j together. it is the political worry i as much as the economic worry, that over the next two plus weeks before halloween when we finally get the details that the markets will interpret that will interpret the lack of clarity and kind of punish the british currency british bonds before that is a lack of detail. it's all about readability. the reason the markets took fright at
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the mini budget a couple of weeks ago is that it didn't seem to stack up. normally when you have a budget, you have three elements. the tax, the spend on the fiscal framework and they are normally packaged together in one big event and then it is signed off and that is what gives it credibility. but what liz truss and kwasi kwarteng have done is disaggregate the three elements. we have had the tax element, we haven't had the spend element or the fiscal credibility element. what liz truss said at pmqs if there is nothing to change on the spending element, the question is how does that add up and in terms of where the politics of all lissar and many tory mps have their heads in their hands because if you are a liz truss supporter they are disparaging about how she is handling this issue and if you are someone against liz truss you are saying, well, i told you so, it was always going to be disaster but the things that both sides have in common is there is no clear way out of this. the fact is, pardon me,
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i'm at the end of a cold, liz truss does not have a clear way out of this at the moment. she is not changing course. tory mps are not forcing her to change course and she's not going anywhere in terms of leadership of the party, so finau things keep stumbling so whether you are for or against this there's not much to hopeful about. t are for or against this there's not much to hopeful about.— are for or against this there's not much to hopeful about. i was at the same reception _ much to hopeful about. i was at the same reception as _ much to hopeful about. i was at the same reception as you _ much to hopeful about. i was at the same reception as you last - much to hopeful about. i was at the | same reception as you last night and i have sympathy with you with your cough because i have the same one as well. it was noticeable that two politicians were at the reception last night and people were clustering around and wanted to talk to them. one was rachel reeves and the other was rishi sunak. i wonder if you would characterise the mood amongst tory mps. is it truculent or mutinous? t amongst tory mps. is it truculent or mutinous? ., _ amongst tory mps. is it truculent or mutinous? ., . , ., mutinous? i would say truculent is a better word — mutinous? i would say truculent is a better word because _ mutinous? i would say truculent is a better word because at _ mutinous? i would say truculent is a better word because at the - mutinous? i would say truculent is a better word because at the moment| better word because at the moment there is no clear plan towards a mutiny because liz truss has been prime minister forjust over a month, a very long month indeed, but
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the fact is, to remove her now would be complete madness and even the tory party would become addicted to regicide. no one is plotting to get rid of her but they are aware that this thing could get worse if the sums don't add up on october the 31st because so far the markets are quite a few broil, quite cautious but still waiting to see if there is a public spending plan u—turn or a rabbit out of the hat that we've not heard of yet. you have mentioned the fact is that there are a lot of tory mps muttering quietly, particularly those around the former chancellor, rishi sunak and those most critical of liz truss are those linked to his campaign, such as mel stride, treasurer of the select committee, michael gove, but i don't get there is a ready for rishi sunak mark to is a ready for rishi sunak mark to is a ready for rishi sunak mark to is a time to go. instead those who have opposed with what liz truss is
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doing are sitting back and waiting to see what is happening and waiting to see what is happening and waiting to see what is happening and waiting to see if there is a smash and crash with the market and then there might be a movement but at the moment the efforts are focused on the policy not the person. says efforts are focused on the policy not the person.— efforts are focused on the policy not the person. as ever, thank you very much — not the person. as ever, thank you very much for— not the person. as ever, thank you very much for being _ not the person. as ever, thank you very much for being with _ not the person. as ever, thank you very much for being with us. i usually the government wants to spend more than it raises in taxes, so it borrows money by selling gilts. tt gilts. it is another word for uk government — gilts. it is another word for uk government bonds, _ gilts. it is another word for uk government bonds, basicallyi gilts. it is another word for uk i government bonds, basically an iou. a promise to pay money back, sometimes in the future and make
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regular interest payments in the meantime. the government sells bonds to investors and they can sell them to investors and they can sell them to each other. now, the price of the bonds depends in part on how much faith investors have that their money will be repaid. the uk government is a reliable borrower. and it's very likely to pay those debts back — so the interest rate it's charged will normally be relatively low. but one event made people look at things a little differently — the mini budget on 23 september. that budget announced plans to cut taxes — financed by borrowing — but with little detail on how it would be paid for. the government says the measures would boost economic growth, and that in turn will increase government revenues, and help pay for the tax cuts, and that should help calm the bond market. but it spooked people who have invested in uk government debt, and are worried that the uk has become a less reliable
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borrower than it used to be. and lots of them started selling their bonds, pushing the price down. now something you need to understand about bonds is this — if the price goes down, then the effective interest rate — called the yield — goes up. that interest rate makes it more expensive for the government to borrow — and that means more government money spent on debt interest instead of public services. and it also pushes up interest rates on other things — notably mortgages. so if you are about to re—mortgage or buy a house, that's going to be more expensive. it could push rents up too. it's also caused a lot of chaos for pensions because they hold a lot of bonds and they don't have much choice in the matter. the value of the bonds are falling. some of them needed to sell the bonds quickly to raise money, making the situation worse. so last month, the bank of england had to step in and start buying the bonds to stop prices falling too fast. that acts as a kind of backstop
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because the price won't fall below what the bank is prepared to offer for them. some pensions have invested in more complicated arrangements which were meant to match their investments more closely to the pension payments they will make in the future — but which are now forcing them to sell assets when prices are low. when's this all going to end? well, the markets are waiting for the 31st of october when the government is going to publish details of how it's going to fund those tax cuts and stop the debt spinning 0ut out of control. and you can catch—up on all the latest information to do with the economy and the latest political news online at bbc.co.uk? news. a nurse accused of murdering babies on a neonatal ward tried four times
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to kill a premature baby girl before succeeding, a court has heard. lucy letby is charged with murdering seven babies and attempting to murder 10 others at the countess of chester hospital in 2015 and 2016. she's denied the charges. 0ur reporter rowan bridge has been following the case at manchester crown court. today is day three of the prosecution outlining their case against lucy letby who was accused of murdering seven children and attempting to murder a further ten. the babies in question all have anonymity orders in place, so we are addressing them by letters of the alphabet, and there was more traumatic and disturbing evidence of the jury heard this morning and much of the morning was spent dealing with a child described as child i.
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a premature girl being treated in the neonatal unit and letby is accused of trying to kill her four times, finally succeeding on the fifth. she is accused of injecting air into her stomach or bowel, causing her lungs to not be able to work properly and ultimately killing her. and the jury was told this after the death of baby i. the parents were asked if they would like to bathe her and letby came into the room and she talked about how she had been at the baby's first bath. when she was interviewed by police as part of a criminal investigation, she admitted she had sent the couple a sympathy card, even though that was not standard practice for something to do with parents who had been bereaved. and we also heard about the case of child h who suffered two unexplained collapses while lucy letby was working on the neonatal unit and it followed a pattern
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where babies suffered unexplained collapses when lucy letby was around. nickjohnson, kc, said it was significant that children in the orbit of lucy letby persistently and consistently suffered unexplained collapses and he also described the attempt on child i as an extreme case even by the standards of this case, describing the actions as persistent, calculated and cold—blooded. we also heard again today, as we heard from previous evidence, how lucy letby searched on facebook for the identities of some of the children she is accused of murdering or attempting to murder. she denies all of the charges against her and the prosecution is continuing to outline their case this afternoon and it is expected to last up to six months. more now on the ructions in the government bond market. the bank of england has warned it will cease its efforts to prop up the market on friday. let's get more on what the bank's decision means for pension funds.
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joining me isjosephine cumbo, who's global pensions correspondent at the financial times. thank you for speaking to us. how are the remarks from yesterday from andrew bailey going down amongst the pension fund providers, those trustees who are trying to keep pensions afloat? t trustees who are trying to keep pensions afloat?— trustees who are trying to keep pensions afloat? i think there is a lot of nervousness _ pensions afloat? i think there is a lot of nervousness about - pensions afloat? i think there is a lot of nervousness about what i pensions afloat? i think there is a lot of nervousness about what is i lot of nervousness about what is going to happen with the market on october going to happen with the market on 0ctober1a. there was a very good summary couple of minutes ago about the complex circumstances leading to the complex circumstances leading to the bank of england's intervention with the bond buying programme on september the 28th and the governor said yesterday, quite sternly that this band—aid is going to be taken off on october the 1ath and there is nervousness amongst trustees and schemes and pension funds about the chaos returning and the core reason for that is there has not been a very clear message from the
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government, as yet, as to how they will fund their fiscal programme and liz truss made a statement this afternoon again without providing any further clarity on that, so i think those concerns and jitters that we could see more yields shooting back up again and that will result in further cash calls and they are still lingering today. ts they are still lingering today. is part of the concerns that they've invested the money long term to take it out of the investment and find another investment and even if they could sell the debt they will probably get them they would have otherwise got and presumably that means there would be less money in the pension pot potentially to pay at least some of the liabilities over the coming years. t at least some of the liabilities over the coming years.- at least some of the liabilities over the coming years. i think the core problem _ over the coming years. i think the core problem we _ over the coming years. i think the core problem we have _ over the coming years. i think the core problem we have is - over the coming years. i think the core problem we have is pension l core problem we have is pension schemes have been forced to sell an
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asset and when you are forced it's not perfect. normally they had to do a cash call on the rise in the contracts way —— they had and they might do in a couple of weeks and they might find a decent price for their assets but what we finding is just one scheme, but thousands of scheme are having to sell similar assets at the same time. so scheme are having to sell similar assets at the same time.- assets at the same time. so the rice assets at the same time. so the price goes _ assets at the same time. so the price goes down. _ assets at the same time. so the price goes down. yes, - assets at the same time. so the price goes down. yes, the i assets at the same time. so the price goes down. yes, the price| assets at the same time. so the i price goes down. yes, the price goes down and it's — price goes down. yes, the price goes down and it's not _ price goes down. yes, the price goes down and it's not a _ price goes down. yes, the price goes down and it's not a great _ price goes down. yes, the price goes down and it's not a great look, i price goes down. yes, the price goes down and it's not a great look, but i down and it's not a great look, but on the other side, funding for pension schemes is better than where it was several years ago because schemes do benefit from increases in yield, so there is a complex equation here, but it does not mean just because they are selling their liquid portfolio at discount that it is going to weaken the whole scheme overall. they are doing that because they want to keep their hedging positions in place and overall if they've got that, it will keep the
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scheme stable. it's important to remind and tell your listeners and viewers there is not a threat pension schemes collapsing or a solvency crisis. this is about liquidity and turning those assets they have into cash to pay margin calls. , .,, , they have into cash to pay margin calls. . , ., ~' they have into cash to pay margin calls. josephine, thank you so much for “oininu calls. josephine, thank you so much forjoining us- _ now it's time for a look at the weather with chris. for most of us it will stay quite cloudy really threw the rest of the day today and we've also seen some rain around. the majority of wet weather has been falling along this weather has been falling along this weather front, weather has been falling along this weatherfront, this weather has been falling along this weather front, this cold front that will continue to push east over the next three hours with cool air following in scotland and northern ireland and it is here where it should brighten up whereas for england and wales it's predominantly cloudy with a damp weather for england, wales and northern counties but it is pretty mild with temperatures running two or three degrees above average in the south—east. 0vernight, the threat of
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rain for wales, the midlands and east anglia but the wettest weather will be across the far south. further north, clear skies will allow temperatures to drop below freezing the countryside so something the gardeners might want to take note of. tomorrow, to areas of rain to keep an eye on. one threatening the far south and another zone of rain across the far north—west. between these, drierand brighter weather with sunny spells and for many another pretty mild day.
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hello. this is bbc news. i'm shaun ley and these are the headlines... labour has accused liz truss of being lost in denial as the prime minister tells mps she would not reduce public spending to fund her package of tax cuts. he is a raised of a recession after the economy unexpectedly shrank in august. the bank of england has repeated that its emergency bond buying scheme will end on friday despite rumours and concerns it may be extended. and and concerns it may be extended. and a nurse accused of murdering babies in and neartain, neonatalward killed premature baby girl on her fourth attempt and later sent the pens a condolence card. nhs blood and transplant declared its first ever amber alert which meant hospitals may have to postpone some
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elective surgery and police investigating the murder of 19—year—old leah croucher was last seenin 19—year—old leah croucher was last seen in february 2019 and have today identified human remains at a property where some of her possessions were earlier found. giving figures for shows on netflix will now be measured independently after the tv seller signed up to the tv rating system, barb. —— viewing figures. —— tv service. sport and for a full round—up, from the bbc sport centre. good afternoon. wasps have withdrawn from their premiership game against exeter at the weekend, saying they intend to go into administration "within days". saying they intend to go this saying they intend to go means english domestic r| financial this means english domestic rugby's financial problems have deepened. the coventry—based club are still hopeful they'll eventually find a buyer but not before taking the step that will likely relegate them. it follows worcester�*s decision to do the same and their subsequent suspension from the premiership as english domestic rugby faces a damaging financial crisis. they face a winding up bill because
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of unpaid tax bill of £2 million —— winding up order. england have continued their preparations for the t20 world cup with another win over australia, taking their warm—up series in the process. they beat the home side in canberra by eight runs, asjoe wilson reports. this is canberra and reaching for the stars here, jos buttler. adam samper was the australian field beneath the ball. joss and england struggled early on. he constructs of the recovery with an impeccably timed 82. support from moeen ali. the ball was still travelling fast when it reached the crowd, not easy fielding, is it? trying to make the catch here was david warner. he hit the ground hard. 0ne passed a concussion test before coming out to bat. —— one. australia needed 179 to win. 0ne bat. —— one. australia needed 179 to win. one may bat. —— one. australia needed 179 to win. 0ne mayjust fork on a shaky start. trying to restrain mitchell marx observed ben stokes not out but
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not sex. continuing the chase, teeth 20 cricketers throwing up what they will never beat this. australia behind these winning moments build momentum. joe wilson, bbc news. meanwhile, liam livingstone, willjacks and keatonjennings have been named in the england squad for the three—test series in pakistan in december. lancashire'sjennings played the most recent of his 17 tests in 2019 and has been rewarded for a fine county championship season. there is no place for opener alex lees after he missed out on a central contract, while stuart broad has been left out as his partner's expecting a child in november. the football association of ireland and the republic of ireland have apologised for any offence caused by a pro—ira song sung by the players after they qualified for the women's world cup by beating scotland. footage released on social media showed the team celebrating in the changing room at hampden park after the match,
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and their manager admits it has taken some shine off their achievement. we are sincerely, deeply sorry for what happened and it doesn't matter if the players meant anything or not if the players meant anything or not if it didn't mean anything they did because it is a celebration that occurs and that doesn't mean that they should not be not realising what they are doing and it is also not to put it on social media or not if it is a private room it should not happen either. because of having respect for everybody, the spectre of the history. ——respect for the history. rangers have what will likely be their final chance to save their champions league campaign tonight, but ibrox might provide a crucial weapon in their attempts to do that by beating liverpool. jurgen klopp's side won when they met last week in what was their first ever
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competitive game, but although they're in a qualifying position in the champions league, domestically, liverpool are struggling, sitting just 10th in the premier league, and it led to a tetchy exchange during klopp's prematch news conference. i heard the phrase after the game starts that liverpool need a spark. what do you feel? today her man. filth. what do you feel? today her man. oh, areat. he what do you feel? today her man. oh, great- he is — what do you feel? today her man. oh, great- he is a — what do you feel? today her man. 0h, great. he is a fantastic source. well— great. he is a fantastic source. well respected everywhere. that doesn't _ well respected everywhere. that doesn't give you the right to say whatever— doesn't give you the right to say whatever you want especially when you have _ whatever you want especially when you have no idea. i�*m whatever you want especially when you have no idea.— you have no idea. i'm asking you what ou you have no idea. i'm asking you what you mean, _ you have no idea. i'm asking you what you mean, where'd - you have no idea. i'm asking you what you mean, where'd you i you have no idea. i'm asking youj what you mean, where'd you see you have no idea. i'm asking you l what you mean, where'd you see a spike if it is a spark you need? actually think diddy hammond doesn't deserve _ actually think diddy hammond doesn't deserve the... what is not now... to use his _ deserve the... what is not now... to use his phrase — deserve the... what is not now... to use his phrase to ask me question. do me _ use his phrase to ask me question. do me a _ use his phrase to ask me question. do me a favour and assume in question _ do me a favour and assume in question. that's good. we do me a favour and assume in question. that's good. we won't use that phrase. — question. that's good. we won't use that phrase, then, _ question. that's good. we won't use that phrase, then, but _ question. that's good. we won't use that phrase, then, but feel... i question. that's good. we won't use that phrase, then, but feel... try i that phrase, then, but feel... try and ask a — that phrase, then, but feel... try and ask a question without the word spark. _ and ask a question without the word spark, that's the challenge now, eh?
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that's all the sport for now. backing an hour. hugh ferris lead the bbc sport centre. it's warned millions of families across the country are facing the biggest ever cut to benefits in real terms if welfare payments aren't rased in line with inflation. new analysis from the joseph rowntree foundation, a charity which campaigns against poverty, suggest 10% of working age families in every constituency in the country are dependent on benefits. the seven inch when it is 20% of families. —— and 20. among those constituencies with a proportionally higher number i understand is the prime minister's own constituency in norfolk. th the own constituency in norfolk. in the president's — own constituency in norfolk. in the president's own _ own constituency in norfolk. in the president's own constituency i own constituency in norfolk. in the president's own constituency more j president's own constituency more than assists people in her constituency in receipt of means tested benefits which means that if
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benefits are not operated with inflation in april they will be seeing an enormous cuts of their income next year and across households are all really struggling so much to pay their essential bills at the moment. many are not even managing to do that at the moment. t managing to do that at the moment. i was going to say partly because of cost inflation has risen and because the two aren't tracking, you know, benefits don't rise every time inflation goes up, it is an annual assessment, isn't it? right now people have been struggling the consequences and thatjust as people in their own income have? absolutely correct and so — in their own income have? absolutely correct and so on _ in their own income have? absolutely correct and so on benefits _ in their own income have? absolutely correct and so on benefits last i in their own income have? absolutely correct and so on benefits last went l correct and so on benefits last went up correct and so on benefits last went up which was in april last year they went up at the rate that inflation was in september 2021 so, you know, benefits have only increased by around 3% in april this year when at the time inflation was already at least double that. now, of course, inflation is around 10% of the
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moment which means, like you say, those households have already experienced a real terms cut to their income. t experienced a real terms cut to their income.— experienced a real terms cut to their income. ~ ., , , ., , ., their income. i know pensioners are uuite their income. i know pensioners are quite unhappy _ their income. i know pensioners are quite unhappy those _ their income. i know pensioners are quite unhappy those who _ their income. i know pensioners are quite unhappy those who depended| their income. i know pensioners are i quite unhappy those who depended on the state pension gone up get also the state pension gone up get also the political expectation... pensioners more than others will be given the choice in previous years... given the choice in previous ears... given the choice in previous years- - -_ given the choice in previous ears... ., years... the covenant has confirmed the will years... the covenant has confirmed they will be — years... the covenant has confirmed they will be honouring _ years... the covenant has confirmed they will be honouring the _ years... the covenant has confirmed they will be honouring the triple i they will be honouring the triple lock in pensions which means that pensions will rise at the highest level of either earnings growth and inflation of 2.5%. we level of either earnings growth and inflation of 2.5%.— inflation of 2.5%. we know it is auoin to inflation of 2.5%. we know it is going to be _ inflation of 2.5%. we know it is going to be inflation, _ inflation of 2.5%. we know it is going to be inflation, don't - inflation of 2.5%. we know it is| going to be inflation, don't we? yes, it certainly won't be the 2.5%. that is affecting pensioners and it is clearly a debate going on not just within the party but governing party conservatives over what to do. do you think your research will be helpful in eliminating that today? i
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think what our research shows is that it think what our research shows is thatitis think what our research shows is that it is very clear that this potential cuts to benefits if it does go ahead impacts the higher constituency, every constituency, and in some conservative constituencies as well such as blackpool south almost half of people in the constituency in a household in the seat of means tested benefits and almost half of them will see that real terms cut to benefits. what we are really asking is for the government to do the morally right thing, the economically right thing and the politically vital thing which is to make sure that we are not cutting incomes of those who have the least at the moment who are already going without essentials. you at the moment who are already going without essentials.— without essentials. you very much for talkinu without essentials. you very much for talking to _ without essentials. you very much for talking to us, _ without essentials. you very much for talking to us, a _ without essentials. you very much for talking to us, a senior- for talking to us, a senior economist there at the joseph rowntree foundation. forgive me. the nhs in england has declared an amber alert for critically low blood supplies for the first time. a spokeswoman said there were just over three days worth of overall blood stocks,
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but supplies of o—type blood , which is important during emergencies and when someone�*s blood type is unknown, had fallen to below two days. our health correspondent catherine burns has more on this. ideally, the nhs blood and transplant likes to have about six days blood supply in england. for 0 negative right now, it has less than two. it's just over two for 0 positive and there are several other blood types with shortages, too, so this means that we think since the first time since the late 1990s, hospitals in england are being asked to manage their blood supplies with certain emergency measures. and this could mean possibly cancelling up to 1% of elective surgery so this isn't going to affect emergency or cancer care or transfusions for patients who have long—term conditions, but this is the last thing we need with waiting lists of about 6.8 million people waiting for treatment. as to why this is happening, the main reason is staff shortages and sickness.
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so we're talking about donor carers, the people who look after you when you give blood. so, right now — and this is an ongoing problem since the start of the pandemic — existing donors are being asked to make appointments if possible but it might not be that easy because there's just a handful of cities in england right now that have more than 50 free appointments this week. catherine burns. i'm joined by dr gail miflin, chief medical officer at nhs blood and transplant. an existing donor and either a positive and negative we would really like to make an appointment and donating one of our centres where we have still got appointments.- where we have still got appointments. where we have still got a- ointments. �* . , ., appointments. and those centres are 0 en now appointments. and those centres are open now fully _ appointments. and those centres are open now fully post-covid-19? - appointments. and those centres are open now fully post-covid-19? therej open now fully post—covid—19? there are no restrictions? yet. open now fully post-covid-19? there are no restrictions?— are no restrictions? yet, throughout the pandemic— are no restrictions? yet, throughout the pandemic we — are no restrictions? yet, throughout the pandemic we have _ are no restrictions? yet, throughout the pandemic we have kept - are no restrictions? yet, throughout the pandemic we have kept all- are no restrictions? yet, throughout the pandemic we have kept all our l the pandemic we have kept all our centres open. we are welcoming people to all of our centres so the best way to do that is to do that through our app and we are asking
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specifically for existing donors because we already know your blood group and we know that you know what it takes to donate so, yes, that is our key message today if you are an existing donor we would love to see you if we can. i’m existing donor we would love to see you if we can-— existing donor we would love to see you if we can. i'm sure that message will no you if we can. i'm sure that message will go out- — you if we can. i'm sure that message will go out- the _ you if we can. i'm sure that message will go out. the difficulty, _ you if we can. i'm sure that message will go out. the difficulty, i - will go out. the difficulty, i suppose, is what happens if you don't get the response that helps you to close the gap with stocks. is it possible that you will have to look outside this country for supplies of blood? 50. look outside this country for supplies of blood? so, within the uk, we supplies of blood? so, within the uk. we do _ supplies of blood? so, within the uk, we do often _ supplies of blood? so, within the uk, we do often share _ supplies of blood? so, within the uk, we do often share supplies l supplies of blood? so, within the | uk, we do often share supplies of blood, so that is something that is routine for us, but what we hope is through our plans that we are putting in place now, both working with hospitals and getting specific donors in that we won't need to do anything further than that. i accept the oint anything further than that. i accept the point you _ anything further than that. i accept the point you are _ anything further than that. i accept the point you are making _ anything further than that. i accept the point you are making around i anything further than that. i accept l the point you are making around the uk because that means that all the blood supplies will be supplies under the same conditions because it is all part of the nhs. you can
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understand, though, given the current public inquiry into contaminated blood brought in from overseas in the 70s and 805 and brought in from overseas in the 705 and 805 and appreciate that as a long time ago, but it is in peoples minds now. can you offer reassurance on what would happen if you had to import blood supplies outside if don't respond to the school? i can absolutely reassure people we have got no plans to bring in blood from other countries. we have got plenty more things to do in this country and we have plans both to recruit staff and to work with hospitals to make the best use the blood we have so i don't think any listeners need worry about that. i’m so i don't think any listeners need worry about that.— worry about that. i'm grateful to ou. i'm worry about that. i'm grateful to you- i'm not _ worry about that. i'm grateful to you. i'm not trying _ worry about that. i'm grateful to you. i'm not trying to _ worry about that. i'm grateful to you. i'm not trying to be - you. i'm not trying to be provocative at it, create a story where there isn't one but i do think because it has been in the headlines helpfuljust because it has been in the headlines helpful just to clear that tears and eliminate that from possibly being the back of some peoples heads. istallion the back of some peoples heads. when i ask ou the back of some peoples heads. when i ask you why — the back of some peoples heads. when i ask you why it — the back of some peoples heads. when i ask you why it is _ the back of some peoples heads. when i ask you why it is supplies _ the back of some peoples heads. when i ask you why it is supplies of full and? is itjust the people of got out of the habit? i
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and? is itjust the people of got out of the habit?— and? is itjust the people of got out of the habit? i don't think this is to do with _ out of the habit? i don't think this is to do with our _ out of the habit? i don't think this is to do with our donors. - out of the habit? i don't think this is to do with our donors. i - out of the habit? i don't think this is to do with our donors. i think. is to do with our donors. i think like a lot of organisations at the moment we are facing staffing challenges with a higher turnover than we've seen working throughout the pandemic and supplies through the pandemic and supplies through the pandemic and staff are working extremely hard and we are seeing a high turnover of around 25% and we have challenges with recruitment so we absolutely have plans and we know we absolutely have plans and we know we have got about 250 new staff coming in sincejuly, we are training them, training and faster than me of the done that so this is really about recruiting staff into the nhs and inner context getting people trained. it is not about our donors and we are extremely grateful to all our donors, particularly the ones today who we have tried to book appointments. just ones today who we have tried to book appointments-— appointments. just on that stuff in cuestion, appointments. just on that stuff in question. we _ appointments. just on that stuff in question, we have _ appointments. just on that stuff in question, we have information - appointments. just on that stuff in | question, we have information that came out only in the start of this week saying a significant group of the population, older group of the population, is perhaps not looking for work and has not been looking for work and has not been looking
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for work and made a decision sometimes for health reasons, some timejust sometimes for health reasons, some time just because of the game, covid—i9, they have just got out of the employment market and are not looking to get back but, presumably, that age group is actually one that would be quite attractive to you in the blood service, the kind of mature, experienced, given that it is, your work is not the kind of —looking patients around which you have to do if you are a nursing hospital? i have to do if you are a nursing hosital? ., �* have to do if you are a nursing hosoital?_ have to do if you are a nursing hosital? ., �* ., ., ., , i, hospital? i don't have an answer to our hospital? i don't have an answer to your question- _ hospital? i don't have an answer to your question. certainly _ hospital? i don't have an answer to your question. certainly a - hospital? i don't have an answer to your question. certainly a lot - hospital? i don't have an answer to your question. certainly a lot of - your question. certainly a lot of our staff are quite young. you are on your feet our staff are quite young. you are on yourfeet quite our staff are quite young. you are on your feet quite a lot. to be honest, it doesn't matter who you are. if you want to come and work with us and come through our recruitment channels we will train you to be a donor carer and these are people who are putting the needle is in the arms of our donors when they come to our centres, so if you are interested develop recruitment process is ongoing and you can get those through our website. �* , t, you can get those through our website. �* , ., ., ., , website. and it is a great 'ob if ou website. and it is a great 'ob if you enjoy i website. and it is a great 'ob if youenjoybeingfi website. and it is a great 'ob if you enjoy being around h website. and it is a great job if you enjoy being around people j website. and it is a great job if - you enjoy being around people and
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learning a bit of anatomy at the end of a couple tea and a biscuit. we are grateful for those who have given blood for the work you and your colleagues do because it is so brilliant and it makes people feel very welcome and very valued. thank you very much for that. you may be interested to know your people at home because the covenant way time to get on the website is 29 minutes which i guess as a your appeal to those being successful. presumably would urge people tojust those being successful. presumably would urge people to just keep trying, keep coming back to the website later in the day because you will get through?— website later in the day because you will get through? yes, we absolutely value our will get through? yes, we absolutely value your patience _ will get through? yes, we absolutely value your patience and _ will get through? yes, we absolutely value your patience and we - will get through? yes, we absolutely value your patience and we are - will get through? yes, we absolutely value your patience and we are very, j value your patience and we are very, very date, grateful to donors, yes, value your patients and i do hope we can get you on our website and particularly if you go there we can get an appointment.— get an appointment. head of nhs blood and transplant _ get an appointment. head of nhs blood and transplant thank - get an appointment. head of nhs blood and transplant thank you . get an appointment. head of nhs i blood and transplant thank you very much a talking to us this afternoon. pic i thank you. three of the uk's biggest conservation groups are mobilising their supporters
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against what they call the government's "attack on nature". the national trust, wildlife trusts and the rspb — which have more than 8 million members between them — are worried about changes to farming subsidies and legal protections for wildlife. here's our rural affairs correspondent, claire marshall. this is the extreme end of environmental protest. this might not be the tactics of more mainstream conservation groups, but their direct action has begun, just in a more genteel way. going forward together, united... this was in the environment secretary's constituency this weekend. and now, in an unprecedented meeting in london to show their unity, the heads of three of the biggest conservation charities in the uk. this is the biggest attack on nature that i have certainly come across in my lifetime, never mind my career. this is unprecedented, i have to say, and that is why we are stepping forward, the same as the wildlife trusts and the rspb. to be fair to the environment secretary, he has said that these claims are simply not right,
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that going for growth will not come at the expense of the environment. i mean, there have been these assurances. we can see, in black and white, tabled in parliament, proposalsj to remove all eu—derived legislation on protecting the environment, - something around 570 pieces of . legislation that has taken decades for us to put in place. |it's going to take more than a few| bland reassurances from ministers to actually reassure us thatl they're not trying to remove that legislation. so what do they see as an attack on nature? there the u—turn on the fracking ban, the review of environment—focused farming subsidies, the loosening of planning laws in new investment zones and the potential ditching of vital european wildlife protections. rspb members have written over 100,000 letters to mp5. what next? this is something that we just can't allow to go forward. it is such a threat to nature in terms of its cumulative impact that we have to be able to do something about it, so i think all options are on the table in terms of what might happen next.
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despite this pressure, the government says that it is committed to halting the decline in nature and that its obligations to the environment will not be undermined by the pursuit of growth. claire marshall, bbc news. there are calls to offer all women an nhs health check once they turn 45 so they can discuss the menopause with their gp. a group of mp5 — who've been investigating the issue — say the current level of support is "completely inadequate". 0ur correspondent anjana gadgil has this report. —— we can call now to a labour leaderfor —— we can call now to a labour leader for swansea —— we can call now to a labour leaderfor swansea and —— we can call now to a labour leader for swansea and chair of the all—party parliamentary group leader for swansea and chair of the all—party parliamentary group on menopause. two things, first of all it is inadequate about what is available at the moment? where do i beuin? available at the moment? where do i begin? lack — available at the moment? where do i begin? lack of _ available at the moment? where do i begin? lack of training, _ available at the moment? where do i begin? lack of training, lack - available at the moment? where do i begin? lack of training, lack of - begin? lack of training, lack of knowledge, lack of choice, currently
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women desperate to actually get a diagnosis of menopause and there are approximately 13 million menopausal women in this country and one quarter, 14% of them are actually having treatment. a1% of medical schools don't even covet on the curriculum. schools don't even covet on the curriculum-— schools don't even covet on the curriculum.- really, - schools don't even covet on the curriculum.- really, and curriculum. really? really, and those that— curriculum. really? really, and those that do _ curriculum. really? really, and those that do pay _ curriculum. really? really, and those that do pay lip _ curriculum. really? really, and those that do pay lip service - curriculum. really? really, and those that do pay lip service to | curriculum. really? really, and. those that do pay lip service to it that a lot of women are going back and forth to their gp with different symptoms and being prescribed antidepressants, sleeping tablets, told to do early onset dementia, fibromyalgia. they are notjust been diagnosed with menopause which is eminently treatable and it can allow them to have freed in their life. it is not like a medical condition, is it? it is a stage of life.— it? it is a stage of life. stage of life in 51% _ it? it is a stage of life. stage of life in 51% of — it? it is a stage of life. stage of life in 51% of the _ it? it is a stage of life. stage of life in 51% of the population, i it? it is a stage of life. stage of| life in 51% of the population, we have women who have given up jobs, women reducing the hours and i worry women reducing the hours and i worry women who are having to do that are
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not doing it has a choice but out of necessity. 65% of women don't even bother to go for pawson because they are afraid they cannot get it. domestic violence increases in menopause, suicide increases in menopause, suicide increases in menopause, 60% higher suicide rate just don't even bother to go for promotions. all it is at the lack of knowledge, lack of understanding is and we are lifting grassroots celebrities and all these people talking about lifting... i celebrities and all these people talking about lifting. . .- celebrities and all these people talking about lifting... i wonder if there has also _ talking about lifting... i wonder if there has also been _ talking about lifting. .. i wonder if there has also been partly- talking about lifting... i wonder if there has also been partly an - there has also been partly an attitude change but also perhaps a change of emphasis about what help can be provided because i can remember 25 years ago talking to a labour leader who was a very big acts with hrt and the ideal was you place the hormones. now the approach seems to be slightly different, hormone replacement is not a solution for every woman and it is not... it is not a, kind of comic hero. ., , �* , ., hero. no, it isn't, but for the majority _ hero. no, it isn't, but for the majority of — hero. no, it isn't, but for the majority of women _ hero. no, it isn't, but for the majority of women h - hero. no, it isn't, but for the majority of women h rt- hero. no, it isn't, but for the majority of women h rt is i hero. no, it isn't, but for the| majority of women h rt is the answer. , ., ., ~ ., .
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all. answer. -- it is not a kind of cure all. it answer. -- it is not a kind of cure all- it was — answer. -- it is not a kind of cure all- it was a _ answer. -- it is not a kind of cure all. it was a study _ answer. -- it is not a kind of cure all. it was a study done _ answer. -- it is not a kind of cure all. it was a study done 20 - answer. -- it is not a kind of cure all. it was a study done 20 years | all. it was a study done 20 years a . o all. it was a study done 20 years a . 0 that all. it was a study done 20 years ago that said _ all. it was a study done 20 years ago that said h _ all. it was a study done 20 years ago that said h rt— all. it was a study done 20 years ago that said h rt cause - all. it was a study done 20 years l ago that said h rt cause problems and we now know that is not true. there are certain conditions where you can't have hrt. is that still a minority? you can't have hrt. is that still a minori ? , ., . ., minority? yes, there are certain conditions _ minority? yes, there are certain conditions where _ minority? yes, there are certain conditions where you _ minority? yes, there are certain conditions where you can - minority? yes, there are certain conditions where you can have l minority? yes, there are certain i conditions where you can have hrt but some women have excluded themselves because of that myth. the women themselves because of that myth. iie: women like me themselves because of that myth. ii2 women like me who spent many years and antidepressants thinking they had mental health issues and then thought i was too old to go on hrt only to discover that women on comic of 80 go on hrt. if you can take hrt if you want to take it is phenomenal. my life is turned around. not everybody wants to have it and i respect it but for those that want it is about choice and it is about having the right quality of hrt throughout the country. we have a postcode lottery on the quality of hrt. , ., , , a postcode lottery on the quality of hrt. , , ., ., ., ., hrt. presumably you have a mandatory riaht hrt. presumably you have a mandatory ri . ht to hrt. presumably you have a mandatory riaht to net hrt. presumably you have a mandatory right to get this — hrt. presumably you have a mandatory right to get this conversation. _
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hrt. presumably you have a mandatory right to get this conversation. what - right to get this conversation. what you would really like is a situation where it is a natural part of the process and doesn't have to be mandated but this is a way to get to that because it enforces people to actually... because some women need this a lot younger and some will be slightly over? di this a lot younger and some will be slightly over?— slightly over? of course they will. i would like _ slightly over? of course they will. i would like to _ slightly over? of course they will. i would like to see _ slightly over? of course they will. i would like to see menopause i slightly over? of course they will. i i would like to see menopause being on the books which is the incentivising of gps to actually look at certain conditions and then they need to learn about them to qualify. i'd like this conversation to happen to women because so much when they have any kind of female related appointment, smear tests, postnatal, so women are not hit by a steam train not knowing what is happening to them and thinking the like is coming to an end. if women have the knowledge they have the power to rectify it. i have the knowledge they have the power to rectify it.— power to rectify it. i don't want to 'um but power to rectify it. i don't want to jump but presumably _ power to rectify it. i don't want to jump but presumably involving i power to rectify it. i don't want to l jump but presumably involving men power to rectify it. i don't want to - jump but presumably involving men in this conversation is likely quite valuable. ., ~' ., this conversation is likely quite valuable. ., ~ ., ., , this conversation is likely quite valuable. ., ~' ., ., , , , valuable. you know, that is the best cuestion. valuable. you know, that is the best question. whenever _ valuable. you know, that is the best question. whenever i _ valuable. you know, that is the best question. whenever i do _ valuable. you know, that is the best question. whenever i do a _ valuable. you know, that is the best question. whenever i do a lot - valuable. you know, that is the best question. whenever i do a lot do - valuable. you know, that is the best question. whenever i do a lot do a l question. whenever i do a lot do a lot of talk with businesses i'm encouraging employers to treat women better, the best questions always come from men and even in the house
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of commons when we have debated at the men are really, really fantastic because they are living with it. if your wife is menopausal. fir because they are living with it. if your wife is menopausal. or your mum. it your wife is menopausal. or your mum- it is _ your wife is menopausal. or your mum. it is difficult _ your wife is menopausal. or your mum. it is difficult so _ your wife is menopausal. or your mum. it is difficult so i've - your wife is menopausal. or your mum. it is difficult so i've got i your wife is menopausal. or your mum. it is difficult so i've got to | mum. it is difficult so i've got to sa rod mum. it is difficult so i've got to say rod stewart _ mum. it is difficult so i've got to say rod stewart is _ mum. it is difficult so i've got to say rod stewart is talking - mum. it is difficult so i've got to say rod stewart is talking about| say rod stewart is talking about menopause and a lot of men so god do we can all do it. he menopause and a lot of men so god do we can all do it— we can all do it. he 'ust needs to do a song — we can all do it. he 'ust needs to do a song about _ we can all do it. he 'ust needs to do a song about it _ we can all do it. he just needs to do a song about it now! - we can all do it. he just needs to do a song about it now! thank i we can all do it. he just needs to. do a song about it now! thank you very much for responding to this and it has been lovely to have you in the studio. police investigating the disappearance of 19—year—old leah croucher have found human remains. she was last seen in 2019. people to make police found the teenager's rucksack and personal possessions. we can now talk to joe black in possessions. we can now talk tojoe black in milton possessions. we can now talk to joe black in milton keynes just now. this news even about possessions has come out relatively recently, has a? lot of these developments into a new happen this week? yes. lot of these developments into a new happen this week?— happen this week? yes, absolutely, as ou
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happen this week? yes, absolutely, as you were — happen this week? yes, absolutely, as you were saying _ happen this week? yes, absolutely, as you were saying earlier— happen this week? yes, absolutely, as you were saying earlier croucher| as you were saying earlier croucher was last seen about half a mile from where i was talking to you now and february 2019 was the day after valentine's day so she was captured on cctv and her parents had lunch numerous appeals so if you drive around the city of milton keynes you can see plenty of posters with her face and appealing for information. police said on monday they were contacted by a member of the public on whatever was said in a call or however that contact was made has led the police to come here to this address in milton keynes. there has been lots of activity going on here today and you can see the police tape and we have got police men manning this cordial and lots of members of the public and residents been coming out to see what is going on. we have also seen what is going on. we have also seen what is going on and people are dressed in forensic science. we were told that they have found leah's rucksack and
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some personal possessions and as a result of that a murder investigation was launched in just a few hours ago we have been told that human remains have been discovered. leah croucher�*s parents have obviously been kept updated and they are being supported by specialist officers. jae are being supported by specialist officers. , ., �* ., . ~ ~ ., officers. joe black in milton ke nes, officers. joe black in milton keynes, thank _ officers. joe black in milton keynes, thank you - officers. joe black in milton keynes, thank you very - officers. joe black in milton i keynes, thank you very much. now it's time for a look at the weather with chris fawkes. hello there. we've got quite a mixture of weather to take you through the rest of this afternoon. often the weather is going to be pretty cloudy, as indeed it has been today. and we've still got a bit of rain to come through as well. in scotland, though, the weather should become a little bit drier and brighter over the next few hours. satellite picture shows the extent of the cloud, a few breaks across the midlands and southern parts of england. we do have these zones of patchy rain working eastwards. most of the rain is falling along this cold front that will continue to move its way
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eastwards over the next few hours. and with that, we'll get brighter weather following into scotland and to northern ireland. here, though, fresher and cooler air will be working in through the afternoon. england and wales still keeping a lot of cloud with a bit of rain at times across wales, the midlands and northern parts of england, the southeast should stay dry with occasional brighter spells. the south east should stay dry with occasional brighter spells. that is, until after dark when we're looking at some rain that will move in here. in fact, there could be some rain redeveloping just for a time across wales, the midlands, east anglia. but the wettest weather will be across the south where it's going to be mild temperatures, 10 to 12 degrees, but across northern areas of the uk, in contrast to that is a cold night with some areas of frost in the countryside. so something gardeners might want to take note of. it will be a chilly start to the day, but a sunny start as well. here now through thursday, two zones of rain, one affecting the south of the uk, one affecting the west, but in between should be a fair amount of dry and bright weather. eastern scotland probably having the best of the sunshine, although it won't be bad for wales, the midlands and northern england too. temperatures on the mild side for most, but temperatures a bit
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close to average in scotland. friday we've still got some fairly brisk winds blowing in off the atlantic. a band of rain again crossing the north of the uk with blustery showers following. so this band of rain looks to be quite weak as it moves across scotland into northern england for a time through friday afternoon. showers, blustery ones at that flows to scotland. northern ireland could be an odd crack of thunder mixed in with those. and still the threat of a little bit of rain around some of english channel coasts in the morning. the afternoon should be drier and brighter temperatures for many still on the mild side. but we are close to average for scotland and for northern ireland. the weekend we continue with fairly blustery west to south—westerly winds. they're going to be pushing further showers or lengthier spells of rain across the uk. so this weekend there will be rain at times. bye— bye.
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this is bbc news. i'm shaun ley and these are the latest headlines. labour accuses liz truss of being 'lost in denial�* as she tells mp5 she won't reduce public spending to pay for her package of tax cuts. we will make sure that over the medium term, the debt is falling, but we will do that not by cutting public spending, but by making sure we spend public money well. does she think the public will ever forgive the conservative party if they keep on defending this madness and go ahead with her kamikaze budget? fears are raised of a recession this year as the economy unexpectedly shrinks in august. the bank of england confirms its emergency bond—buying scheme will close on friday,
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despite reports it may be extended. a court hears that a nurse accused of murdering babies on a neonatal ward killed a premature baby girl on her fourth time of trying. she later sent the parents a sympathy card. blood supplies fall to a critically low level in england, prompting nhs blood and transplant to declare its first ever amber alert — meaning hospitals may have to postpone some elective surgery. police investigating the murder of 19—year—old leah croucher, who was last seen in february 2019, have identified human remains at a property where some of her possessions were found. scientists successfully transplant tissue from a human brain to that of a newborn rat and say the hybrid organoids can not only play the 19705 video game, pong, but will also help with research into brain disorders.
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good afternoon. the prime minister has said she'll 'absolutely�* stick to her promise not to cut public spending. she was speaking at the first prime minister's questions since last month's mini budget, which provoked turmoil on the financial markets. the labour leader sir kier starmer said she should reverse what he called her 'kamikaze' economic plan. it comes amid renewed turmoil in the bond markets, and fears of a looming recession — latest figures show the uk economy shrank by 0.3 per cent in august. from westminster, leila nathoo.
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a government weathered by storms of its own making. it's hard to believe this was only liz truss's second outing at prime minister's questions. have you wrecked the economy, prime minister? her budget—in—all—but—name not yet three weeks old set out a programme of major tax cuts, but it triggered turmoil in the financial markets, prompted a rise in mortgage rates and caused unrest within her own party. in the commons, the labour leader sir keir starmer attacked the measures and called for the government to change course. who voted for this? not homeowners, paying an extra 500 extra on their mortgages. who voted for this? not working people paying for tax cuts to the largest companies. who voted for this? not even most of the mp5 behind her, who know you can't pay for tax cuts on the never— never. does she think the public will ever forgive the conservative party if they keep on defending this madness and go ahead with her kamikaze budget? mr speaker, what our budget has delivered is security for families
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for the next two winters. it has made sure that we are going to see higher economic growth, lower inflation and more opportunities. the way that we will get our country growing is through morejobs, more growth, more opportunities. but lower taxes have to be paid for somehow. sir keir pressed the prime minister on a pledge she made before she took office. during her leadership contest, the prime minister said, "i'm very clear. i'm not planning public spending reductions". is she going to stick to that? absolutely. a clear commitment. what we will make sure is that over the medium term, the debt is falling, but we will do that not by cutting public spending,
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but by making sure we spend public money well. the fallout from the budget has overshadowed the prime minister's first weeks in office. she has already been forced into a major u—turn on scrapping the top rate of tax, with pressure coming from both outside and within her party, there is more that could yet come unstuck. leila nathoo, bbc news, westminster. fears the uk economy will go into recession intensified after new figures show it shrank unexpectedly by 0.3 percent in august. and there's continuing turbulence on the financial markets — the bank of england has insisted its emergency intervention on the bond market to support pension funds will end this week. our business correspondent ramzan karmali has more. within three weeks of the chancellor's mini—budget, the warnings over his actions are coming thick and fast. yesterday in washington, the international monetary fund said that higher prices in the uk would stay here for longer and that the government's current course of action was at odds
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with what the bank of england is trying to do to get inflation down. imagine a car with two drivers, each of them with a steering wheel, and one wants to go left on the other wants to go right. one is the central bank, trying to call off the economy so that price pressures will ease. and the other one wants to spend more to support families but beyond that is going to add to aggregate demand. the imf believes that the chancellor's tax—cutting plans will only boost growth in the short term. and economists appearing front of mp5 today were not optimistic. we are not going to hit medium term 2.5% growth in this economy at the moment. this is something that will have to be nurtured over decades. yesterday at the imf meetings, andrew bailey, the governor of the bank of england, came underfocus. the bank has had to intervene in the bond market to help ensure the viability of many pension funds. he insisted that the current bond
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buying programme would come to an end this week, a move not welcomed by the markets. sterling has fallen in response to what you said, that they have three days. does that complicate matters? no. i'm afraid this has to be done for the sake of financial stability. since the many budget on september the 23rd, the pound has slumped in value against the dollar and the cost of government borrowing has risen dramatically, which has sent a fixed mortgage rates rising at record speeds. the city is desperate for clarity on how the chancellor's proposals will add up, and although he has brought that date forward to the end of this month, to many, that is not soon enough. the first thing is that the chancellor needs to reveal his plan. the government is playing its cards either very close to its chest, or literally doesn't know what its hand of cards is. growth right now also looks hard to come by. the uk economy unexpectedly shrank in august, and for small businesses like this source producer,
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things are already tough. things are definitely reducing in terms of sales. because it is something customers cannot sometimes afford. the government says it is confident in its growth plan, but the pressure is intensifying on the chancellor to come up with a credible debt plan, and quickly. ramzan karmali, bbc news. we were in the studio little earlier to explain what it means. the we were in the studio little earlier to explain what it means.- to explain what it means. the ten ear ield to explain what it means. the ten year yield has _ to explain what it means. the ten year yield has risen _ to explain what it means. the ten year yield has risen to _ to explain what it means. the ten year yield has risen to its - to explain what it means. the ten year yield has risen to its highest| year yield has risen to its highest level since 2008. perhaps more worryingly is the 30 year bond, the cost of borrowing over a longer period, 30 year period has gone back above 5% again and going back a bit, if we go back to the friday two weeks ago when the bank of england came in and had to intervene in the
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markets and said we would have to buy some long dated bonds, the 30 year bonds. the yields went up to over five years and they have gone back up again to 5% and this comes on the back of the bank of england yesterday strongly saying our bond buying programme ends on friday. there is no more. no more money left to spend here and we will cut it off on friday. there was a bit of confusion this morning as there was a report in the financial times say they are thinking of extending it but the bank had come out again and say no, we are closing this bond buying scheme on friday. the former ensions buying scheme on friday. the former pensions minister _ buying scheme on friday. the former pensions minister who _ buying scheme on friday. the former pensions minister who was _ buying scheme on friday. the former pensions minister who was talking i buying scheme on friday. the former pensions minister who was talking to j pensions minister who was talking to me an hour ago said she is slightly baffled by this because of the turmoil is continuing on friday, is it credible that the bank would say sorry, folks, you're pension funds are still in a mess and you might have serious problems but we are going to end anyway.— have serious problems but we are going to end anyway. some economies can look at it — going to end anyway. some economies can look at it in — going to end anyway. some economies can look at it in a _ going to end anyway. some economies can look at it in a different _ going to end anyway. some economies can look at it in a different way - can look at it in a different way and the bank of england can pump in money but there is a limit. they can't keep on doing it because they
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will lose credibility because people will lose credibility because people will think they willjump in on any crisis and any small matter, they were pumping more money into the economy. the bank has firmly said that the ball is in the court of the government and it is up to them to come up with the costings of their fiscal plan, to come up with the details and calm the markets and it's up to them now. we have done what we can to calm the pension market down. so quite a firm message from the bank of england to say, we have done what we set out to do but the main aim is to control inflation and we can't do that if we keep on pumping in money into the economy. all very well but there is a problem if the bank is effectively saying it is over to you and, having made so clear that it had concerns about the impact of the fiscal event, the mini budget, and the markets can draw their own conclusions, that these are not to institutions working in lockstep, the treasury on the bank of england. we
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lockstep, the treasury on the bank of encland. ~ ., lockstep, the treasury on the bank of england-— lockstep, the treasury on the bank of england. we heard this from the imf. the bank's _ of england. we heard this from the imf. the bank's focus _ of england. we heard this from the imf. the bank's focus is _ of england. we heard this from the imf. the bank's focus is to - of england. we heard this from the imf. the bank's focus is to get - imf. the bank's focus is to get inflation down and the government have said, we are supporting people with their energy bills but that is quite inflationary and on top of that they want to introduce tax cuts again to boost growth, and again, that something quite inflationary as well. they are working, it doesn't feel like they are working in tandem rather than opposite directions and it's a hard place to be at the moment. there is growing pressure for the government to say something before the 315t of october because markets are just not really happy. for the latest information on the economy and politics, go to the bbc news website or the bbc news app. a nurse accused of murdering babies on a neonatal ward tried four times to kill a premature baby girl before succeeding,
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a court has heard. lucy letby is charged with murdering seven babies and attempting to murder 10 others at the countess of chester hospital in 2015 and 2016. she's denied the charges. our reporter rowan bridge has been following the case at manchester crown court. today is day three of the prosecution outlining their case against lucy letby who was accused of murdering seven children and attempting to murder a further ten. the babies in question all have anonymity orders in place, so we are addressing them by letters of the alphabet, and there was more traumatic and disturbing evidence of the jury heard this morning and much of the morning was spent dealing with a child described as child i. a premature girl being treated in the neonatal unit and letby is accused of trying to kill her four times, finally succeeding on the fifth. she is accused of injecting air into her stomach or bowel, causing her lungs to not be able to work properly and ultimately killing her.
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and the jury was told this after the death of baby i. the parents were asked if they would like to bathe her and letby came into the room and she talked about how she had been at the baby's first bath. when she was interviewed by police as part of a criminal investigation, she admitted she had sent the couple a sympathy card, even though that was not standard practice for something to do with parents who had been bereaved. and we also heard about the case of child h who suffered two unexplained collapses while lucy letby was working on the neonatal unit and it followed a pattern where babies suffered unexplained collapses when lucy letby was around. nickjohnson, kc, said it was significant that children in the orbit of lucy letby persistently and consistently suffered unexplained collapses and he also described the attempt
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on child i as an extreme case even by the standards of this case, describing the actions as persistent, calculated and cold—blooded. we also heard again today, as we heard from previous evidence, how lucy letby searched on facebook for the identities of some of the children she is accused of murdering or attempting to murder. she denies all of the charges against her and the prosecution is continuing to outline their case this afternoon and it is expected to last up to six months. here are the headlines. labour has accused liz truss of being in denial as she tells mp she won't reduce public spending to pay for a package of tax cuts. it comes as fears are raised of a recession this year as households face soaring costs and the economy unexpectedly shrank by 0.3% in august for the first time in two months but those figures could be revised. the bank of england
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confirms its emergency bond buying scheme will close on friday, whatever the circumstances, despite speculation it could yet be extended. supplies of oh type blood which is important during emergencies and when somebody is blood type is not known have fallen below two days. catherine burns came into the studio to tell us more. ideally, the nhs blood and transplant likes to have about six days blood supply in england. for 0 negative right now, it has less than two. it's just over two for 0 positive and there are several other blood types with shortages, too, so this means that we think since the first time since the late 19905, hospitals in england are being asked to manage their blood supplies with certain emergency measures. and this could mean possibly cancelling up to 1% of elective surgery so this isn't
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going to affect emergency or cancer care or transfusion the patients who had long—term conditions, but this is the last thing we need with waiting lists of about 6.8 million people waiting for treatment. as to why this is happening, the main reason is staff shortages and sickness. so we're talking about donor carers, the people who look after you when you give blood. so, right now, and this is an ongoing problem since the start of the pandemic, existing donors are being asked to make appointments if possible but it might not be that easy because there are just a handful of cities in england right now that have more than 50 free appointments this week. police investigating the disappearance of 19—year—old leah croucher have identified human remains at a property where some of her possessions were found. leah croucher was last seen on cctv in milton keynes in february 2019. police have found the teenager's "rucksack and personal possessions" at a house in the city.
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we heard the latest from milton keynes. figs we heard the latest from milton ke nes. �* , , ., keynes. as we were seeing, leah croucher was _ keynes. as we were seeing, leah croucher was seen _ keynes. as we were seeing, leah croucher was seen about - keynes. as we were seeing, leah croucher was seen about half- keynes. as we were seeing, leah croucher was seen about half a i keynes. as we were seeing, leah i croucher was seen about half a mile away from where i am standing talking to you now. in february 2019, it was the day after valentine's day, so she was captured on cctv and her parents have launched numerous appeals and if you drive around the city of milton keynes you can see posters with her face on, obviously appealing for information. the police said on monday they were contacted by a member of the public and whatever was said in that call or however the contact was made has led the police to come here to this address in milton keynes. there's been lots of activity going on here today and you can see the police tape and we have policemen manning recording and lots of members of the public and neighbours and residents have come out to see what is going on. we've also seen people coming in and out and there are some going on now,
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people dressed in forensic suits. we were told they had found her rucksack and some personal possessions and as a result of that a murder investigation was launched, and a few hours ago we were told that human remains have been discovered. leah's parents are being kept updated and will be supported by specialist officers. liz truss has committed to abolishing no—fault evictions, after reports that the government could move to shelve the ban, which was promised by borisjohnson in 2019. the ban would stop landlords in england evicting tenants for no reason. i'm joined by ruth ehrlich, policy manager at the housing and homelessness charity shelter. thanks for being with us. what was the concern about what the government had said in recent weeks? was itjust in the absence of saying anything there was this fear? yesterday there were rumours
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reported that the government was planning abandoning its manifesto commitment of scrapping section 21 no fault of evictions. the prime minister has given reassurance that they will be pressing ahead with the reforms and that will provide relief to private renters but frankly there's been a lot of chaos and delay and we've been waiting for these reforms for over three years and in fact, the promise goes beyond section 21 evictions. there's been a long—standing acceptance that the private rental sector needs reform as a whole and we are waiting for a renters reform bill that will scrap unfair evictions but stop discrimination against people on low incomes and guarantee the right to a decent and safe home. the government has to stick to it and bring forward a bill because renters have been waiting too long. haifa a bill because renters have been waiting too long.— a bill because renters have been waiting too long. how many people are these section _ waiting too long. how many people are these section 28 _ waiting too long. how many people are these section 28 orders - waiting too long. how many people are these section 28 orders applied j are these section 28 orders applied against? 21. forgive me. they can be used anytime outside a fixed term period. used anytime outside a fixed term eriod. . , used anytime outside a fixed term eriod. ., , .,
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period. there are renters who live in england — period. there are renters who live in england and — period. there are renters who live in england and the _ period. there are renters who live in england and the landlord - period. there are renters who live in england and the landlord can i in england and the landlord can always serve them section 21 notice. the loss of a paraded —— private rented tenancy is one of the leading causes of homelessness in england and many thousands were served in a three month period this year and that's a huge number of people being asked to leave their home and in many of those instances landlords will have completely legitimate reasons for evicting a tenant, but there are unscrupulous, criminal landlords who are using them to get tenants out if they complain or anything else, so that's what we have to crackdown on. i suppose there will be _ have to crackdown on. i suppose there will be a _ have to crackdown on. i suppose there will be a lot _ have to crackdown on. i suppose there will be a lot of _ have to crackdown on. i suppose there will be a lot of landlords i have to crackdown on. i suppose i there will be a lot of landlords who would share your concern about how this is abused. what they will worry about, perhaps, is if in the future they have a situation where someone is behaving unreasonably, what will be the alternative if this measure has gone? whatever the abuses of it,
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it has been helpful to some landlords in a situation where otherwise they might be facing potentially protracted and expensive legal action against a tenant in which they might win at the end of it and it might turn out that they are entirely right to pursue this but this is a way of avoiding that and if nothing else is put in its place you can imagine some landlords thinking it was better to hold onto the mechanism that they have got. completely. it is important to remember there is another way of evicting tenants which is the section eight a process and all the landlord has to do is prove they have a legitimate reason for asking the tenant to leave and that might be nonpayment of rent, anti—social behaviour or something like the landlord and needing a property back. why the rent reform bill is so important is it has cross—party support and we have been working with landlords and other tanning groups for years to get some consensus around this and the legislation is ready to go and the rent reform bill is ready to go and
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it's so important it's brought forward because good landlords have nothing to fear from these reforms and most landlords are evicting for legitimate reasons. it's the rogue and criminal landlords who won't have anywhere to turn once section 21 is scrapped and the bill is brought in. 21 is scrapped and the bill is brought in-_ 21 is scrapped and the bill is brouaht in. . ~' ,, , . defence ministers from the nato military alliance are meeting in brussels to discuss how to step up support for ukraine after this week's russian missile attacks. nato's secretary general has said sending more air defences to the country is a 'top priority�*. ukraine's president — volodymyr zelensky — has called for what he calls an 'air shield' against future russian attacks. our correspondent in kyiv, hugo bachega, has the latest. in zaporizhzhia, a city in the south of the country that's become a target of russian forces, officials say a rocket hit a residential area overnight creating a huge crater. there were no casualties. and this
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morning, seven people were killed after a russian attack on the ukrainian controlled town in donetsk. the governor said the central market was hit and said there was no military logic for such an attack, and this is what the ukrainians have been saying, that russia has been responding to military defeats on the battlefield by attacking civilians sites and civilian infrastructure and the ukrainians have been saying that they need air defence capabilities to protect cities from the threat of russian missiles. at the nato summit in brussels, the us defence secretary said that ukraine had made significant gains and changed the dynamics on the battlefield. the uk's supreme court has been hearing a second day of legal arguments on whether the scottish parliament can legislate for a second independence referendum — without the agreement of westminster. here's our scotland correspondent
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alexandra mackenzie. good afternoon to you. yes, we have had two days of legal arguments first from the scottish government yesterday and then from the uk government today. and the reason we are here at the supreme court is because the scottish government wants to hold an independence referendum next october, but does not have the consent of the westminster government and the union between scotland and england is a reserved matter to westminster. so yesterday we heard the arguments from the scottish government first, from the scottish government first, from the scottish government first, from the lord advocate, dorothy bain, casey and she said that any referendum, if the scottish element got the referendum next year, it would be advisory. she said that would be advisory. she said that would not have an immediate impact
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on the law or on the union, so arguing that a referendum could go ahead. she also said there was draft referendum bill and she said she did not have the confidence to sign off for it to go through the scottish parliament at this stage, so she wanted to come to the supreme court to get some legal clarity on that about the scottish parliament's powers regarding the referendum bill. and today we heard from the uk government's side of the argument, from sirjames eadie who put the case for the uk government. he spent much of that time saying that the supreme court should not be ruling on this at all and his reason for that was surrounding this draft referendum legislation. he said any legislation must be key completed
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before it comes to the supreme court and before thejudges here before it comes to the supreme court and before the judges here would rule on it, so he would argue that it should actually be thrown out and they should not make a ruling. sir james also said the lord advocate was right not to sign the referendum bill and he said that the proposed legislation was was related to the union and so linked with the powers of the scottish parliament. he said it was perfectly obvious that the scottish government was trying to end the union so the bill should be stopped and he said the scottish parliament did not have the power to hold an independence referendum next year or at any point. and obviously, very opposing views from both governments. we won't get a judgment on that today and we won't get it anytime soon it's possibly going to take weeks or even months. alexander
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mackenzie at — take weeks or even months. alexander mackenzie at the _ take weeks or even months. alexander mackenzie at the supreme _ take weeks or even months. alexander mackenzie at the supreme court, - mackenzie at the supreme court, thank you very much. the team say that these so—called mini brains has the ability to sense and respond to its environment and claim it's the first—ever sentience lab grown lane and our science correspondent has more. these little white blobs are clumps of brain cells being grown in the lab. it learn to play a 19705 video game called pong in the rectangle on the screen. the many brain moves the white line to try to stop the dot getting past. white line to try to stop the dot getting past-— white line to try to stop the dot getting past. white line to try to stop the dot urettin ast. ., ., ., getting past. right now we have a chance for drug _ getting past. right now we have a chance for drug discovery - getting past. right now we have a
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chance for drug discovery and - chance for drug discovery and disease modelling and understanding intelligence in the next stage could open up cyber security management or more autonomous devices and you could have fully autonomous robots that could change in the real world. the researchers plan to see if these many brains become worse at playing the game after they are dosed with alcohol, just as a human player would. many brains are also being grown in a uk lab in order to study brain of element. —— many brains. it's taken researchers six weeks to grow these many brains and you can see the electrical activities here. it's precisely because they behave similarly to human brains, even though it's at a very rudimentary level that researchers here are taking great care in the way they develop the technology.- taking great care in the way they develop the technology. there may be the potential— develop the technology. there may be the potential much _ develop the technology. there may be the potential much further— develop the technology. there may be the potential much further down - develop the technology. there may be the potential much further down the l the potential much further down the line to _ the potential much further down the line to simulate something like intelligence or cognition and we
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want _ intelligence or cognition and we want to— intelligence or cognition and we want to make sure we know ahead of time where _ want to make sure we know ahead of time where the boundary is so we don't _ time where the boundary is so we don't accidentally stumble over it. the scientists are working with ethics experts to develop new rules to regulate their research. imilli to regulate their research. will these so call _ to regulate their research. will these so call mini _ to regulate their research. ii these so call mini brains develop to these so call mini brains develop to the point where they can feel pain or pleasure and how white we consider their moral status if they were conscious of sentiment and how should we regulates the use of research in future technology. these are questions we have not begun to consider. ., . f , are questions we have not begun to consider. ., ., j , , ., , ., are questions we have not begun to consider. ., , , ., , ., ., consider. today's mini brains are a lona wa consider. today's mini brains are a long way off _ consider. today's mini brains are a long way off from _ consider. today's mini brains are a long way off from becoming - long way off from becoming self—aware and many researchers believe it is unlikely to ever happen, but they agree that they do need to proceed with caution. i don't know how it was for you, but it felt chillier than recent days. a
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look at the weather with chris. how is it looking. our temperature is going to go down further? it depends where you live and it will be a night for across the north are pretty mild in the cell. today has been a cloudy day for most of us in the cloud has been thick enough to bring light patchy rain, and most of it across this cold front that you can see here on the front will continue the journey south and east overnight, so the wettest weather will be across southern counties of england but i reckon there is a chance we could see rain returning for a time across parts of wales, the midlands and east anglia as well and where it is cloudy, temperatures are ten or 12 degrees, so mild in the south but with clearer skies across the north of the uk, cold enough for patches of rust in the countryside and that is something gardeners might want to take note, evenin gardeners might want to take note, even in glasgow city centre, so tomorrow start across northern areas and sunshine here. rain for a time threatening southern england and
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east anglia and there will be more rain working into the north—west of the uk into the afternoon but it leaves wales, the midlands, you scotland where it should stay dry with some of sunshine. hello. this is bbc news. i'm shaun ley and these are the headlines... labour accuses liz truss of being "lost in denial" as she tells mp5 she won't reduce public spending to pay for her package of tax cuts. fears are raised of a recession this year as the economy unexpectedly shrinks in august. the bank of england confirms its emergency bond—buying scheme will close on friday, despite reports it may be extended. a court hears that a nurse accused of murdering babies on a neonatal ward killed a premature baby girl on her fourth time of trying— she later sent the parents a sympathy card. blood supplies fall to a critically low level in england, prompting nhs blood and transplant
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to declare its first ever amber alert — meaning hospitals may have to postpone some elective surgery. police investigating the murder of 19—year—old leah croucher, who was last seen in february 2019, have identified human remains at a property where some of her possessions were found. earlier this week. scientists successfully transplant tissue from a human brain to that of a newborn rat and say the hybrid organoids can not only play the 19705 video game, pong, but will also help with research into brain disorders. i'm going to ponder that question of why the many brains would want to play pong and while i do let's look to see ferris at the bbc sport centre. good afternoon. english domestic rugby's financial problems have deepened with wasps withdrawing from their premiership game against exeter at the weekend.
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saying they intend to go into administration "within days". the club, who have won the league title six times and are currently based in coventry, are still hopeful they'll eventually find a buyer, but not before taking the step that will likely relegate them. it follows worcester�*s decision to do the same and their subsequent suspension from the premiership. wasps face a winding up order from hmrc because of an unpaid tax bill of £2 million. england have continued their preparations for the t20 world cup with another win over australia, taking their warm—up series in the process. they beat the home side in canberra by eight runs, asjoe wilson reports. this is canberra and reaching for the stars here, jos buttler. adam zamper was the australian fielder beneath the ball. jos and england struggled early on.
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derbin milan constructed the recovery with an impeccably timed 82. support from moeen ali. the ball was still travelling fast when it reached the crowd, not easy fielding, is it? trying to make the catch here was david warner. he hit the ground hard. one passed a concussion test before coming out to bat. australia needed 179 to win. warner madejust four, a shaky start. but they will never beat this. australia behind these winning moments build momentum. joe wilson, bbc news. meanwhile liam livingstone, willjacks and keatonjennings in pakistan in december. lancashire'sjennings played the most recent of his 17 tests in 2019 and has been rewarded for a fine county championship season. there is no place for opener alex lees after he missed out on a central contract. while stuart broad has been left out as his partner's expecting a child in november.
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apologised for any offence caused by a pro—ira song sung by the players after they qualified for the women's world cup by beating scotland. footage released on social media showed the team celebrating in the changing room at hampden park after the match and their manager admits it has taken some shine off their achievement, vera pau saying there's no excuse and that "we apologise from the bottom of our hearts. "we will review this with the players "and remind them of their responsibilities" former heavyweight world champion deontay wilder believes a bout with another former champion britain's anthonyjoshua is still "the number one fight in the world". the 36—year—old american — who lost to tyson fury in his last bout — returns to action on saturday everywhere i go, you know what i mean, they always talk about me
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versus joshua and mean, they always talk about me versusjoshua and there was mention that that's the best fight in the world, right? everybody always said it, you know? so i am always willing, ready and able fans, happen. the fans, to make things happen. i just have to be on the right terms the fans, to make things happen. i just we e to be on the right terms the fans, to make things happen. i just we are» be on the right terms the fans, to make things happen. i just we are serious he right terms the fans, to make things happen. i just we are serious and ight terms the fans, to make things happen. i just we are serious and we: terms the fans, to make things happen. i just we are serious and we just ns the fans, to make things happen. i just we are serious and we just need and we are serious and we just need them to be serious as well. don't forget the champoins league — rangers against liverpool, spurs also playing. follow it on 5live tonight. that's all the sport for now. rangers and liverpool are playing at ibrox. that is it for me for now. you ferris fare in salford at the bbc sport centre. let's return to the economic fallout from the mini budget. the political parties have been debating how much of rising interest rates are down to international factors and how much to the government's actions. we are nowjoined by our data
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mastermind — robert cuffe, the bbc head of statistics is with me. it is an importantjob and when i envy right now when all the usual indicators people rely on are behaving in ways they hadn't seen, if not before, certainly not for a while, long while. it was a bit of background for this infill is on the net. we heard from jacob rees—mogg this morning he was talking about interest rates rising around the world. part of his argument was that it is not down to us and loss of this turbulence is outside of our hands. is right about that? there is certainly an — hands. is right about that? there is certainly an element _ hands. is right about that? there is certainly an element of— hands. is right about that? there is certainly an element of that - hands. is right about that? there is| certainly an element of that because coming out of covid—19 is notjust a uk problem the night was the war in ukraine but the uk is looking a bit different. we can show the viewer is now a chart that shows if you look at leading economies like france and the us how much the cost of borrowing has been rising over the month of september in each other�*s countries and you can see the grey lines for all of the other nations in the g7. all together or drifting up in the g7. all together or drifting up about the same amount but that
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lead lined the uk you can see rising further than everyone else and in the week around the mini budget are pretty whacking jump as well —— that red line for the uk. there are certainly things that are specific to the uk not been seen by the countries. to the uk not been seen by the countries-— to the uk not been seen by the countries. ~ ., , ., ., countries. was about the other point rees moo . countries. was about the other point rees mogg made — countries. was about the other point rees mogg made this _ countries. was about the other point rees mogg made this morning - countries. was about the other point rees mogg made this morning on i countries. was about the other point| rees mogg made this morning on the today programme and an breakfast that it could just be as easily them to other countries are doing, particularly what the us federal reserve are doing well government is quite honest they are engaged in a very aggressive anti—inflation strategy and they too have been accused of doing it not soon enough or fast accused of doing it not soon enough orfast enough but accused of doing it not soon enough or fast enough but they are doing it now. they have compared it to engendering a mini recession in order to create a bigger potential recession if they don't act. mr rees—mogg has a point doesn't he come actually, that actually disaggregate in all these factors to explain exactly what the cause and effect tricky.
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explain exactly what the cause and effect tricky-— effect tricky. opinions by a lot of the things- _ effect tricky. opinions by a lot of the things. the _ effect tricky. opinions by a lot of the things. the week— effect tricky. opinions by a lot of the things. the week of - effect tricky. opinions by a lot of the things. the week of the - effect tricky. opinions by a lot of the things. the week of the mini j the things. the week of the mini budget. if you look at the movements in the cost of borrowing... over the mini budget you can see three jumps in a highlight three areas in the chart, the first of which is the bank of interest rate announcement on thursday for i can see there is a bit of a teacup. 50 on thursday for i can see there is a bit of a teacup.— on thursday for i can see there is a bit of a teacup. so from somewhere between 3-5% _ bit of a teacup. so from somewhere between 3-5% up — bit of a teacup. so from somewhere between 3.5% up to _ bit of a teacup. so from somewhere between 3.5% up to 3.7. _ bit of a teacup. so from somewhere between 3.596 up to 3.7. -- - bit of a teacup. so from somewhere between 3.596 up to 3.7. -- there i bit of a teacup. so from somewhere between 3.596 up to 3.7. -- there is between 3.5% up to 3.7. —— there is a tick up. between 3.596 up to 3.7. -- there is a tick u -. , ., between 3.596 up to 3.7. -- there is aticku.. , ., ~ a tick up. yes, in that ballpark, onl in a tick up. yes, in that ballpark, only in the _ a tick up. yes, in that ballpark, only in the announcement - a tick up. yes, in that ballpark, | only in the announcement came a tick up. yes, in that ballpark, - only in the announcement came at, settled on an afternoon and then the chancellor got up another spite. foodie chancellor got up another spite. we can no chancellor got up another spite. we can go back to the graphic because it is quite useful to see it. that is that second _ it is quite useful to see it. that is that second line _ it is quite useful to see it. that is that second line down - it is quite useful to see it. iisgit is that second line down the middle and then in the afternoon again on monday morning after the round of weekend interviews the game. the chancellor has said there might be more tax cuts but unexplained was it meant or people had inhibited it in
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their own way?— meant or people had inhibited it in their own way? markets don't have their own way? markets don't have the chance to _ their own way? markets don't have the chance to express _ their own way? markets don't have the chance to express their - their own way? markets don't have the chance to express their opinion until eight o'clock on monday morning and assumes the markets open you see anotherjump so of course there are things the bank of england can do and that can contribute to the picture the mix is different to other countries but it is clear, it pretty clear movements that have left the mini budget divorce those that happened on monday. foodie left the mini budget divorce those that happened on monday. we have a bank for an's — that happened on monday. we have a bank for an's people _ that happened on monday. we have a bank for an's people in _ that happened on monday. we have a bank for an's people in washington i bank for an's people in washington last night and there was a reaction to what he had to say on the markets overnight and presumably this morning. there is an argument for saying, isn't there, that every time now the government says something it will cause a reaction one way or another, doesn't that part of the problem, that the kind of, what's happening in the markets will now track every single, almost every single figure, government minister of public figure like the government says because they been spooked already? says because they been spooked alread ? , ., ., ~ , ., , already? yes, and markets move up and down all — already? yes, and markets move up and down all the _ already? yes, and markets move up and down all the time _ already? yes, and markets move up and down all the time but _ already? yes, and markets move up and down all the time but i - already? yes, and markets move up and down all the time but i think- and down all the time but i think the thing that sets the reaction to the thing that sets the reaction to the mini budget about is the size of
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the mini budget about is the size of thejumps. you know, we not sing a little blip that resolves itself, we are seeing big and significant in what some people are called unprecedented jumps in a short period of time that tells you that this is, you know, they're notjust keeping an eye out because they've got nothing better to do. this is important stuff.— got nothing better to do. this is important stuff. robert cuffe, head of statistics. _ important stuff. robert cuffe, head of statistics, always _ important stuff. robert cuffe, head of statistics, always good _ important stuff. robert cuffe, head of statistics, always good to - important stuff. robert cuffe, head of statistics, always good to have i of statistics, always good to have you in the studio and thank you very much explaining that. we can now examine how the debt market and buying and selling of gilts works and the pot has been trying to explain it. this is a complex area of economics and we will start by 20 explain. we can look at what exactly the gilts market is. usually the government wants to spend more than it raises in taxes so it borrows money by selling gilts. now, gilts is another word for uk government bonds, basically ious, a promise to
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pay money back sometime in the future and make regular interest payments in the meantime. the government sells bonds to investors and they can sell them to each other. now, the price of those bonds depends in part on how much faith investors have that their money will be paid. the uk government is a reliable borrower and she is very likely to pay those debts back. the interest rate it's charged will normally be relatively know but one event made people look at things a little differently, the mini budget on the 23rd of september. that budget announced plans to cut taxes, financed by borrowing, but with little detail on how it would be play dominic paid for. the government says the measures would boost economic growth and that in turn would increase government revenues and help pay for the tax cuts and that should help to plan the bond market but it is for people who have invested in uk government debt and are worried that the uk has
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become a less reliable borrower than it used to be and lots of then started selling their bonds, pushing the price down. something you need to understand about bonds is this. if the price goes down, the expected interest rate, called the yield, goes up, and that interest rate makes it more expensive the government to follow and that means more government money is spent on debt interest into the public services and it also pushes up interest rates on other things, notably mortgages, so if you about to remortgage or buy a house that is going to be more expensive. it could push rents up, too. it is also caused a lot of chaos the pensions because they hold a lot of bonds and they don't have much choice in the matter. the value of the bonds are falling. some of them needed to sell the bonds quickly to raise money, making the situation worse, so last month, the bank of england had to
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step in and start buying the bonds to stop the prices falling too fast. that acts, if you like, as a kind of backstop because the price won't fold below what the bank is prepared to offer for that. fold below what the bank is prepared to offerfor that. some pensions have invested in more complicated arrangements which were meant to match their investments more closely to the pensions they made in the future but are now forcing them to sell assets when prices are low so the big question is, when still going to end? well, the markets are waiting for the 315t of october when the government is going to public tonic publish details on how it is going to fund those tax cuts and stop that debt spinning out of control. our business reporter talking to was earlier. there are calls to offer all women an nhs health check once they turn 45 so they can discuss the menopause with their gp. a group of mp5 — who've been
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investigating the issue — say the current level of support is "completely inadequate". our correspondent anjana gadgil has this report. misunderstood, misdiagnosed and ignored. common complaints from women going through the menopause. it's an issue highlighted by these celebrity campaigners who went to parliament injune to tell their stories. a heat that you can never imagine, like a fire was set at your feet that grew further and further up into your body. your hormones are always fluctuating so you have this yo—yo effect. so, sometimes you think it's gone away, i've got it under control, and then itjust comes back full force. menopause usually happens between the ages of 45 and 55 when periods stop due to lower hormone levels. the months leading up to that are called the perimenopause, where symptoms can start, including hot flushes, night sweats and migraines. what i'm classically seeing is that women will be on their knees, so they've got the point where they've sort of put up with symptoms because they don't want to disturb the doctor. i've had some women who have genuinely come and seen me and think, "i thought i've got dementia, doctor." women will have palpitations, anxiety, panic attack, mental health symptoms, lack of libido, which can really impact relationships as well.
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for the past year, a group of mp5 from all parties have heard from menopausal women, doctors and employers. today, their recommendations will be presented to the government. they include inviting all women for a menopause checkup at a5, scrapping prescription costs for hrt in england in line with the rest of the uk, and more training for gps. the shortage of hrt also needs to be addressed. the increased demand is down to the pressure groups and the campaign groups and the davina effect and everything else that we've seen. that drives women to go to their gp and to ask for hrt. what the government are not doing is working with the manufacturers to make sure they're producing enough hrt and it's readily available. other recommendations include better support for women in the workplace. 51% of the population will experience menopause. it's an experience women are increasingly more willing to share. anjana gadgil, bbc news.
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it is 40 it is a0 minutes to five. then brown is going to be here at the top of the hour with the bbc news at five o'clock but let's bring you up—to—date headlines now. labour has accused liz truss of being lost in denial as she told mp5 she will not reduce public spending to pay for her package of tax cuts which comes as fears are raised about the session this year as households face soaring costs and the economy unexpectedly shrank by 0.3% in august for the first time in two months. by of england confirms its emergency bond buying scheme will close on friday despite reports it could be extended. a bbc investigation has found that up to 70% of donations sent to displaced families in syria via tiktok are being taken by the social media platform itself.
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middlemen gave vulnerable families — including dozens of children — access to phones and accounts — so they could livestream for hours at a time, begging for digital gifts. hannah gelbart has more details. chanting: send me gifts! they're asking for help, for follows, for gifts. this is a new trend on tiktok. working with bbc arabic, we found more than 300 tiktok accounts posting these kinds of videos with viewers sometimes spending more than $1,000 an hour in total on gifts. the idea behind tiktok gifts is to reward creators for interesting content. these gifts are bought with real money and can cost up to $500. the gifts are converted to a virtual currency that you can withdraw as cash. but how much of that goes to the families? and how much does tiktok take for itself? you can see there's a pattern.
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the children seem to be saying the same kind of things. they are asking for likes and gifts and if you listen closely, sometimes you can hear there's a voice off—camera actually telling them what to say. like, like, like. we asked a localjournalist to visit a camp in north—west syria. mona lives here with her six daughters. they go on tiktok for two or three hours at a time several times a day. she is saving up to pay for medical treatment for her daughter sharifa who is blind. translation: | tell them | about my life in the camps and how we lost our home. and about my daughter's situation, so that people will support me. hameed also lives in the camp and is known as a tiktok middleman. he sold his livestock to buy a phone and now works with 12 different families, setting up their accounts, filming, and withdrawing their earnings. he says most of the gifts�* value
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is taken by tiktok before it even reaches his account. translation: the lion is the biggest gift. - it�*s worth $500, but by the time it reaches the money transfer shop, it�*s only $155. tiktok wouldn�*t tell us how much commission it takes on gifts in the app, so we decided to check for ourselves. we asked this localjournalist to go live from an account in syria. we sent him $106, around £90 in gifts, from another account. then he went to withdraw the money. from the $106 in gifts we donated, tiktok took 73. that�*s almost 70%. the money transfer shop charged a further 10% and people like hameed, who provide the phones, take a cut of what is left. so, from those $106, our syrian family would have just $19, and often, the families we spoke to get much, much less. in a statement, tiktok said
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that this type of content is not allowed on their platform and they would strengthen their global policies around exploitative begging. a charity that works in the camp told us it could help support these families as an alternative to making money from tiktok live streams. but there are still hundreds of families going live from camps in syria every day. and the lion�*s share of the money donated lines the pockets of tiktok itself. hannah gelbert, bbc news. a new champion has been crowned — in this years — fat bear week. yes — that is a competition. loads of cameras set up across the katmy national park in alaska, to track the bears, as they prep for winter hibernation. fans tuned in via livestream — and then voted for which bear they thought, was the bulkiest. you can see this right now if you�*re going to the website. these are the bears and a lovely full day and people voted on which bear the thought was the luckiest, the chunky
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list. i�*m joined now by mike fitz — he started fat bear week in 201a and is the resident naturalist with explore .org — which operates the bear livestreams. mike, it is lovely to talk to you. it has achieved its objective, hasn�*t it? it has got a lot of attention, a lot of interest. what is the message you are trying to give out? is the message you are trying to rive out? . , is the message you are trying to rive out? ., , ., , is the message you are trying to .ive out? ., , ., , ., give out? that is an opportunity to learn more — give out? that is an opportunity to learn more about _ give out? that is an opportunity to learn more about the _ give out? that is an opportunity to learn more about the ways - give out? that is an opportunity to i learn more about the ways individual bears survive, why they give game fats to survive winter and also celebrate the ecosystem that supports them. they fishing the river for the largest run of salmon on earth. �* , , , ., , on earth. i'm 'ust slightly amused because we — on earth. i'm just slightly amused because we were _ on earth. i'm just slightly amused because we were just _ on earth. i'm just slightly amused because we were just playing - on earth. i'm just slightly amused because we were just playing the | because we were just playing the pictures and actually bears do what they do and it happened to be doing it because actually it happened to be doing it when we went to the live shots and we have got a shot of the meeting now. it is compelling, isn�*t it? it is the kind of thing that when you go online you just keep
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watching. do you think it helps promote an understanding of bears and potentially to the threats they face which, let�*s be honest, a man—made weather from the encroachment of man or because of climate change?— climate change? yes, i think watchin: climate change? yes, i think watching the _ climate change? yes, i think watching the live _ climate change? yes, i think watching the live stream - climate change? yes, i think. watching the live stream helps climate change? yes, i think- watching the live stream helps to create connect people to the lives of these bears and hopefully by extension they want to care about there is another landscapes. there is in katmai national park have a pretty special location because they can wait for their food to come to them but there�*s another part is the world have to work a lot harder to make their living especially in landscapes where they are sharing the habitat with people. the landscapes where they are sharing the habitat with people.— landscapes where they are sharing the habitat with people. the park is in alaska and _ the habitat with people. the park is in alaska and you _ the habitat with people. the park is in alaska and you remain _ the habitat with people. the park is in alaska and you remain there. - the habitat with people. the park is| in alaska and you remain there. you get much opportunity to go and interact with the bears yourself? i didn't go this summer but i have didn�*t go this summer but i have tried to go every year except the 2020. i didn't get tried to go every year except the 2020. i didn�*t get to go there but i started my work in learning about
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the brown bears in katmai national park in 2007 and through the webcams i am able to stay connected with that amazing place. it i am able to stay connected with that amazing place.— i am able to stay connected with that amazing place. it must give you a tremendous _ that amazing place. it must give you a tremendous reinforcement - that amazing place. it must give you a tremendous reinforcement for - a tremendous reinforcement for dealing with when perhaps times get a bit tough in terms of fundraising or in resistance the kind of things you would campaigning for to go back and look and be reminded every day of what you�*re doing it for? yes. of what you're doing it for? yes, there is a _ of what you're doing it for? yes, there is a lot _ of what you're doing it for? yes, there is a lot to _ of what you're doing it for? yes, there is a lot to be _ of what you're doing it for? yes, there is a lot to be concerned i of what you're doing it for? i2: there is a lot to be concerned about in the world and i think we are all quite aware of that we need to work towards making the world a better place but there are places like katmai national park that remind us that there are still fully functioning ecosystems. there are still healthy runs of salmon in a few pockets and, you know, katmai national park and the salmon and then brown bear shows what a fully, any ecosystem operating at its funny that i might fully realise potential can be bearlike and in my area if
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it�*s united states atlantic salmon is to be much more abundant than they are today and in the uk as well be used to be much more abundant so if we could restore runs then be used to be much more abundant so if v can iuld restore runs then be used to be much more abundant so if v can enrich ;tore runs then be used to be much more abundant so if v can enrich ;tore runs that, you to tell is that this year�*s ask you to tell is that this year�*s winner, this week�*s rather, gear? year? yes, our fat bear year? yes, by fat bearfi year? yes, by the bear? year? yes, by the beari is f year? yes, by the beari is an male, the largest bear male, the largest hear i think ever seen, probably weighs more i�*ve ever seen, probably weighs more than 600 kilograms, he is a real giant, bare 7a7, a dominant bear, than 600 kilograms, he is a real giant, bare 7a7, a dominant hear, so big he doesn�*t have to necessarily be assertive around other bears, you just walk into the river near the bears just get out of his way because they don�*t want to mess with them. laughter i hope he is able to keep himself fit and get the feeding needs. that is the founder of fat bear week. it is the founder of fat bear week. it is terrific what your colleagues are doing. are you so much for talking
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about it and sharing your perspective with us. a mountain gorilla, an algae bloom suffocating a lake in guatemala and bird courtship rituals — some of the winning images of this year�*s wildlife photographer of the year competition. but it was this picture of male cactus bees surrounding a single female — that was crowned overall winner. our environment correspondent matt mcgrath has the story. every year in hot deserts of the southern us, the normally solitary cactus bees gather in large numbers. when a female emerges from a burrow in the ground, the desperate males descend and a fierce scrum ensues as they grapple for the to meet. descend and a fierce scrum ensues as they grapple for the chanmce to mate. this dramatic picture of the buzzing bundle was captured on a texas ranch by photographer carine aigner.
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only the fifth woman to win the grand title in their competition�*s 58—year history, thejudges praised the picture�*s movement and intensity. what i hope this picture does is bring to light this other world of beauty and all these lives that are going on that we don�*t even know about and what i want this to do is to bring awareness and to get people to pay attention. some 38,000 entries competed for this years prizes. these ranged from this mournful photo of the last living moments of a much—loved mountain gorilla to the death of a lake as algae blooms poison the waters in guatemala. there are also humorous scenes, as polar bears make their home in a deserted house in the russian arctic. while the cruel beauty of nature is also captured as a snake snatches a bat in midair. this amazing close—up of a wales mouth was captured by
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a 16—year—old from thailand. the hairy baleen plates are used to filter food for that you can even see tiny anchovy is flying through the air as they try to escape. all the winners and runners—up will be on display to the public at the natural history museum in london from next monday. matt mcgrath, bbc news. now it�*s time for a look at the weather with fawkes. through today we have been one comic monitoring weather front moving slowly north of the uk. here is the front. the difference it makes you for example in scotland we started of the day cloudy with some fairly persistent rain around but as soon as the fund had gone for you out into the sunshine so there is where the really important and overnight tonight we have got a bit more rain tonight we have got a bit more rain to come and the wettest weather will be across southern areas of england but i reckon there is scope for another pulse of rain to work across wales, the east midlands and east anglia for the time and with the clouds it is mild, temperatures
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io-a , clouds it is mild, temperatures 10—a , temperature is above the northern have the uk will allow temperatures to plunder and we will see some frosty gland. cold start the day was a sunny start as well, rain possibly still with us across parts of southern england and perhaps east anglia, more rain into the north—west of the deafening but between these two zones of wet weather the gates, the midlands, north—east england, eastern scotland, should be a fine day with some sunshine and temperatures still on the mild side for most. that�*s the latest.
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this is bbc news, i�*m ben brown. the headlines at 5. labour accuses liz truss of being "lost in denial" as she tells mp5 she will not reduce public spending to pay for her package of tax cuts. what we will make sure is that over the medium term, the debt is falling, but we will do that not by cutting public spending, but by making sure we spend public money well. does she think the public will ever forgive the conservative party if they keep on defending this madness and go ahead with her kamikaze budget? it comes amid growing fears of a recession —
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latest figures show the uk economy shrank unexpectedly by 0.3%

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