tv The Papers BBC News October 12, 2022 10:30pm-10:46pm BST
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over in london, tottenham conceded early to the europe league champions eintracht frankfurt with some sloppy defending. but son and kane pulled spurs into a 2—1 lead and then this thunderous volley from son was picture perfect. even a late frankfurt consolation goal and a missed kane penalty natalie pirks, bbc news. we have seen some beautiful autumn sunshine recently, this was the south coast in hampshire today. quite a lot of cloud around but glorious in the sunshine, 19 degrees for high, but you can see how parched are grounded. you need rain and you might get some over the next few hours. it will chiefly stay
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towards the channel islands and hug the channel coast. it may linger for a time first thing in the morning across essex and kent, clearing by dawn and with a blanket of cloud around, temperatures will hold up, double figures first thing tomorrow, a milder start, further north, chilly and a touch of frost likely. early morning rain clears quite quickly, the cloud will break up and the sunshine come through and lovely autumn sunshine for many, even across eastern scotland. we have worked and 20 weather pushing into the far north—west and temperatures more subdued —— we have wet and windy weather. temperatures likely to be in the mid to high teens. by friday low—pressure dominates, brisk winds gust, they will drive plenty of showers into the far north and west. fewer showers across england
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and wales, not a bad day on the whole and temperatures quite widely peaking at around to 17. into the weekend, don't forget that low, it looks like sunny spells, plenty of frequent showers and blustery winds too, keep that umbrella close, you might need it. thanks, louise. and that's bbc news at ten on wednesday october 12th. there's more analysis of the day's main stories on newsnight, which is just getting underway on bbc two. ki rsty kirsty wark is standing by. the news continues here on bbc one as now it's time to join our colleagues across the nations and regions for the news where you are — but from the ten team, it's goodnight.
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hello, i'm frankie mccamley, and welcome to our look ahead to what the papers will be bringing us tomorrow. with me arejohn stevens, political editor at the daily mirror and martin bentham, home affairs editor at the evening standard. tomorrow's front pages. starting with. .. the financial and political turmoil facing the new pm dominates tonight's front pages. the ft reports on what it terms an "horrendous" meeting she had with her backbenchers, saying she's been urged to rewrite the recent mini—budget. the metro says the situation is looking so tricky for liz truss that she's even losing the support of traditional tory areas of southern england. the i newspaper also reports on that 1922 committee meeting, saying ms truss faced a "showdown" with mps demanding to know how she would balance the books. the telegraph leads
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on the jewel—in—the—crown a story that buckingham palace is reconsidering plans for the queen consort to wear a crown with the famous koh—i—noor diamond — in case it prompts a diplomatic row with india. the mail also splashes on the crown chronicle. both papers ponder why they could scupper the trade deal with india and the pms domestic challenges make the lead in the guardian which says she has pledged to increase her immediate two meetings with the rest of her backbenchers finally, at that mirror re—purposes a phrase made by margaret thatcher to suggest that liz truss should consider changing her policies. liz truss should consider changing her policies. so let's begin... welcome to the show, john and martin. first of all, let's focus in on the financial times. of course
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we're seeing this story across the front pages of all the newspapers for the liz truss facing mounting pressure to rewrite unfunded tax plans. pressure to rewrite unfunded tax lans. , , . ,., pressure to rewrite unfunded tax lans. , , . , plans. yes. very much so because toda for plans. yes. very much so because today for example _ plans. yes. very much so because today for example she _ plans. yes. very much so because today for example she has - plans. yes. very much so because| today for example she has pledged not to cut public spending. it's slightly, to exactly what that means it seems her minister said it was a commitment to maintain real terms public spending, which was one possible way that might actually not be what it seemed. but there is still a question as to whether the energy package will count as public spending. basically, the only way to balance these books for these unfunded tax—cut appeared to be what she was sending, very difficult and politically toxic that would have been to do for that knocking to do that and then she's back to the same
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problem and kwasi kwarteng is back to the same problem with the government has been hit with ever since this rather disastrous many budget, orvery since this rather disastrous many budget, or very disastrous many budget, or very disastrous many budget of the markets not understanding, not believing that these unfunded tax cuts can be financed and be sustained. where's the money coming from? in the long run, not the serious short run to pay for them? what the story is obviously talking about is the pressure coming from her own side to say, you might have to back away from some of the tax cuts, you are really abandoned the 45p tax—cut down to 40p, morphing that rate which is fairly trivial in terms of the overall package and the money that that will save. corporation tax, the cutting of corporation taxes are much more significant and this is one of the things are being talked about in the government will have to backtrack on that as well. it seems frankly, very likely that this will happen in some shape or
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form they will have to backtrack further because the markets as everybody can see are working against them and speaking in a way thatis against them and speaking in a way that is calamitous for the north just for all individuals but for the conservative party, and reputation. the newspaper saying there is pressure to bring cuts in over a period of time rather than bring them in altogether. john, you must of been hearing from backbench mps this evening following that committee meeting.- this evening following that committee meeting. this evening following that committee meetinu. ~ . . , ., committee meeting. what are you here in? it's hard — committee meeting. what are you here in? it's hard to — committee meeting. what are you here in? it's hard to believe _ committee meeting. what are you here in? it's hard to believe that _ committee meeting. what are you here in? it's hard to believe that we're - in? it's hard to believe that we're only in_ in? it's hard to believe that we're only in day— in? it's hard to believe that we're only in day 37 of liz truss is primary— only in day 37 of liz truss is primary ship. the first is meant to be primary ship. the first is meant to he the _ primary ship. the first is meant to be the honeymoon. , it meant to be the easy hit— be the honeymoon. , it meant to be the easy bit and so far itjust seems to— the easy bit and so far itjust seems to me at pigs air of it. i can't _ seems to me at pigs air of it. i can't believe where tory mps are already— can't believe where tory mps are already sharpening their knives, what _ already sharpening their knives, what did — already sharpening their knives, what did they do with liz truss? she had a _ what did they do with liz truss? she had a meeting with a 1922 committee,
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that's the _ had a meeting with a 1922 committee, that's the group of all tory mps this evening. you think she would have _ this evening. you think she would have gone — this evening. you think she would have gone there and had some message to sell— have gone there and had some message to sell to _ have gone there and had some message to sell to those tory mps and kind of told _ to sell to those tory mps and kind of told them she's got a plan to sort out — of told them she's got a plan to sort out this mess. a lot coming away— sort out this mess. a lot coming away from — sort out this mess. a lot coming away from that meeting today really disappointed. theyjust don't think she has_ disappointed. theyjust don't think she has a — disappointed. theyjust don't think she has a clear plan of how to sort this out _ she has a clear plan of how to sort this out. there's obviously pressure on liz_ this out. there's obviously pressure on liz truss— this out. there's obviously pressure on liz truss to show she can balance the hooks _ on liz truss to show she can balance the hooks as— on liz truss to show she can balance the books. as martin said, she saying that she doesn't want to cut spending. — saying that she doesn't want to cut spending, she said she's committed to all— spending, she said she's committed to all the _ spending, she said she's committed to all the tax cuts they sent out in the many— to all the tax cuts they sent out in the many budget. we know if they continue _ the many budget. we know if they continue and carry on the part they are on— continue and carry on the part they are on at— continue and carry on the part they are on at the — continue and carry on the part they are on at the moment were just going to end _ are on at the moment were just going to end up _ are on at the moment were just going to end up with more economic tour marrow. _ to end up with more economic tour marrow, mortgage rates going up and up. i marrow, mortgage rates going up and on ithink— marrow, mortgage rates going up and on lthink in— marrow, mortgage rates going up and up. i think in reality before kwasi kwarteng — up. i think in reality before kwasi kwarteng comes and does his next financial— kwarteng comes and does his next financial statement, the last line, the many— financial statement, the last line, the many budget, who knows what it will he _ the many budget, who knows what it will be called. i think it is probably most likely that she is
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going _ probably most likely that she is going to — probably most likely that she is going to have to ditch that plan on corporation tax. she had promised the leadership campaign that she would _ the leadership campaign that she would cancel plan rise inc. corporation tax next april. that seems — corporation tax next april. that seems to— corporation tax next april. that seems to be the things that a lot of tory mps _ seems to be the things that a lot of tory mps are talking about today, that seems to be the one think they are saying _ that seems to be the one think they are saying for the head on a minute, this isn't— are saying for the head on a minute, this isn't something that even business _ this isn't something that even business leaders are called for. why are we _ business leaders are called for. why are we spending more than £15 billion— are we spending more than £15 billion a — are we spending more than £15 billion a year on this? wouldn't it be better— billion a year on this? wouldn't it be better to cancel that tax cut and just carry _ be better to cancel that tax cut and just carry on? | be better to cancel that tax cut and just carry on?— just carry on? i noticed quotes in here. just carry on? i noticed quotes in here- one _ just carry on? i noticed quotes in here- one of— just carry on? i noticed quotes in here. one of the _ just carry on? i noticed quotes in here. one of the quotes - just carry on? i noticed quotes in l here. one of the quotes describing the mood as funerary old horrendous. you're really feeling a sense of what's happening in that committee meeting. i saw that liz truss in this meeting according to the ft admitted that kwasi kwarteng's many budget had been rushed. what is your reaction to that? it’s
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budget had been rushed. what is your reaction to that?— reaction to that? it's clearly to an extent had _ reaction to that? it's clearly to an extent had to _ reaction to that? it's clearly to an extent had to be _ reaction to that? it's clearly to an extent had to be rushed - reaction to that? it's clearly to an extent had to be rushed in - reaction to that? it's clearly to an extent had to be rushed in the . reaction to that? it's clearly to an i extent had to be rushed in the sense that the emergency package for the fuel crisis needed to be done quickly. to be fair to the government, they were under a lot of pressure to do something quickly and are lots of people saying they should've acted sooner. the previous administration under borisjohnson. administration under boris johnson. that administration under borisjohnson. that was necessary to be quick. what the problem was all the other things thrown in on top of it were a complete surprise. some not coming in until april didn't need to be announced when they were announced in the first place. in the case of corporation tax is it worth asking for that? corporation tax is it worth asking forthat? it corporation tax is it worth asking for that? it was the scale of what was brought out, clearly was rushed. that was the problem. notjust the speed it was the scale of it and the fact that the markets... of course it was no 0ffice fact that the markets... of course it was no office for budget responsibility for it and that's partly because it was brought out so quickly. i think the markets actually believe it was a credible plan to fund this thing that
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wouldn't have mattered quite as catastrophically as it has done the reason is the markets of the way they do, they think the reports and an assessment will be made that that would also be very negative. john. would also be very negative. john, lookin: at would also be very negative. john, looking at the _ would also be very negative. john, looking at the macro _ would also be very negative. john, looking at the macro two. -- - would also be very negative. john, looking at the macro two. -- i. - would also be very negative. john, looking at the macro two. —— i. same story, backbenchers confront liz truss at angry meeting, they say. at the bottom of one of the points liz truss and kwasi kwarteng set to meet tax—cut rebels in a to restore authority. tax-cut rebels in a to restore authority-— tax-cut rebels in a to restore authori . , ,, , authority. yes, liz truss is saying she's been _ authority. yes, liz truss is saying she's been going _ authority. yes, liz truss is saying she's been going to _ authority. yes, liz truss is saying she's been going to hold - authority. yes, liz truss is saying she's been going to hold his - authority. yes, liz truss is saying l she's been going to hold his series of round _ she's been going to hold his series of round tables with tory mps in the next week— of round tables with tory mps in the next week or so. she wants to enlist and hear the — next week or so. she wants to enlist and hear the right date for the event — and hear the right date for the event any— and hear the right date for the event any of those meet go like the meeting today i think it will be pretty— meeting today i think it will be pretty disastrous. quite often with these _ pretty disastrous. quite often with these meeting back when it was the brexit— these meeting back when it was the brexit days, you're hear from tory mps in _ brexit days, you're hear from tory mps in advance of these meetings atrout— mps in advance of these meetings about how— mps in advance of these meetings about how they would be really awful
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and she _ about how they would be really awful and she should bring her own news and she should bring her own news and all— and she should bring her own news and all this— and she should bring her own news and all this disgusting language. actually, — and all this disgusting language. actually, when it came to the meetings _ actually, when it came to the meetings they write really that bad. but today _ meetings they write really that bad. but today does seem to of gone really _ but today does seem to of gone really bad. she's got tory mps, he told li2— really bad. she's got tory mps, he told liz truss to her face that she was trashing the tory reputation over the — was trashing the tory reputation over the the build—up of the last ten years— over the the build—up of the last ten years of helping workers and she 'ust ten years of helping workers and she just threw— ten years of helping workers and she just threw that away in an instant by offering tax cuts to the riches and saying — by offering tax cuts to the riches and saying she's going to get rid of the cut— and saying she's going to get rid of the cut on— and saying she's going to get rid of the cut on bankers bonuses. ijust think it's — the cut on bankers bonuses. ijust think it's really hard to see how she manages to repair that relationship with tory mps. part of the reason — relationship with tory mps. part of the reason the mood is so gloomy on the reason the mood is so gloomy on the hack— the reason the mood is so gloomy on the back benches is that tories just don't _ the back benches is that tories just don't know— the back benches is that tories just don't know what to do. what did they don't know what to do. what did they do next _ don't know what to do. what did they do next because what theyjust get rid of— do next because what theyjust get rid of borisjohnson. can they really get _ rid of borisjohnson. can they really get rid of the leader so soon again? _ really get rid of the leader so soon again? if— really get rid of the leader so soon again? if they did with the public accepted — again? if they did with the public accepted or would they say, hang on accepted or would they say, hang on a minute, _ accepted or would they say, hang on a minute, we can't go on to archer third tory— a minute, we can't go on to archer third tory leader and not of a general election. that would be more
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pressure _ general election. that would be more pressure on _ general election. that would be more pressure on the tories off the general— pressure on the tories off the general election, they did get rid of their— general election, they did get rid of their leader. if they decide to keep her— of their leader. if they decide to keep her in place, just not quite clear— keep her in place, just not quite clear was— keep her in place, just not quite clear was going to happen. the opinion— clear was going to happen. the opinion polls are so miserable for the tories — opinion polls are so miserable for the tories at the moment. a lot are afraid _ the tories at the moment. a lot are afraid of— the tories at the moment. a lot are afraid of losing their seats and jobs _ afraid of losing their seats and 'obs. ., afraid of losing their seats and 'obs. . . ~' , afraid of losing their seats and 'obs. . w , , afraid of losing their seats and 'obs. . , . , ., jobs. that takes us nicely to the front page _ jobs. that takes us nicely to the front page of — jobs. that takes us nicely to the front page of the _ jobs. that takes us nicely to the front page of the metro, - jobs. that takes us nicely to the front page of the metro, the - jobs. that takes us nicely to the l front page of the metro, the blue wall falls. what could this mean for the tories, martin? this wall falls. what could this mean for the tories, martin?— the tories, martin? this is an oinion the tories, martin? this is an opinion poll. _ the tories, martin? this is an opinion poll, certainly- the tories, martin? this is an opinion poll, certainly in - the tories, martin? this is an opinion poll, certainly in 42 i opinion poll, certainly in 42 conservative seats in the cell shows that 13% lead fall to labor. that's tory states, not the tory losing redwall seats they won so successfully in 2019 but losing some of their heartland seats. a chorus that reflects this opinion poll, finding the tories are 33% behind labour, which is absolutely chaotic and limits the number. that's why the tories are looking so gloomy.
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politically there doing terribly. they can really see a way out of it. it's not obvious to see with the way out is at the moment. 0ther it's not obvious to see with the way out is at the moment. other than perhaps getting rid of liz truss. it's very hard to see how she can repair her credibility because the only way to restore the market confidence is to abandon some of these tax cuts in itself. that will damage your credibility because she's inflated all this by bringing them and in the first place. and so her credibility is going to be damaged. and then he tories are starting from a damage position. at least perhaps if they think again, some are increasingly thinking they will have to, they will have a chance to say we're back on a prudent and stable and successful footing, hopefully. from their point of view. very febrile times, hard to know what will happen but clearly
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there is no obvious solution. when you have opinion polls like that it does tend to frustrate mps mines for sure. it does tend to frustrate mps mines for sure. , , , ., sure. it is pretty damning coming this opinion _ sure. it is pretty damning coming this opinion poll. _ sure. it is pretty damning coming this opinion poll. we _ sure. it is pretty damning coming this opinion poll. we really - sure. it is pretty damning coming this opinion poll. we really have l sure. it is pretty damning coming | this opinion poll. we really have to bring this back to the worries of the public, the voters who are worried about mortgages, the pound, pensions. you worried about mortgages, the pound, ensions. ., ~' worried about mortgages, the pound, ensions. ., ,, ., , pensions. you think about the polls are bad at the _ pensions. you think about the polls are bad at the moment _ pensions. you think about the polls are bad at the moment but - pensions. you think about the polls are bad at the moment but i - pensions. you think about the polls are bad at the moment but ijust i are bad at the moment but ijust don't _ are bad at the moment but ijust don't see — are bad at the moment but ijust don't see how it could get worse. thousands— don't see how it could get worse. thousands of people every day are coming _ thousands of people every day are coming to — thousands of people every day are coming to the end of their fixed mortgage deals and having to remortgage. when they go to remortgage. when they go to remortgage they are finding that interest— remortgage they are finding that interest rates have gone up massively. part of that because the governments handling of the economy. and people _ governments handling of the economy. and people are having to pay hundreds and hundreds of pounds in extra _ hundreds and hundreds of pounds in extra mortgage payments each month. you don't _ extra mortgage payments each month. you don't have to be on the bread line to _ you don't have to be on the bread line to suddenly start to think how in a minute — line to suddenly start to think how in a minute the sums don't add up for that— in a minute the sums don't add up for that when i got this mortgage i was expecting interest rates to stay quite low _ was expecting interest rates to stay quite low and suddenly i don't have money— quite low and suddenly i don't have money to— quite low and suddenly i don't have money to pay for anything apart from
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paying _ money to pay for anything apart from paying nry— money to pay for anything apart from paying my mortgage and buy food, 'ust paying my mortgage and buy food, just no— paying my mortgage and buy food, just no disposable income. that is leaving _ just no disposable income. that is leaving people and also to places
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