tv BBC News BBC News October 14, 2022 9:00am-10:01am BST
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this is bbc news with the latest headlines. the chancellor, kwasi kwarteng, cuts short a visit to the us to return to downing street for urgent talks over his mini—budget. it comes amid mounting speculation that the government may be about to roll back its tax cut plans further as the uk gilt market continues to be in turmoil. royal mail announces up to 10,000 job cuts by next august as it reports losses of up to £350 million and blames ongoing strike action. a warning that vulnerable people are being left they need because high fuel costs are forcing care workers out of theirjobs. communities in three australian states are ordered to evacuate as
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torrential rain brings major flooding. and the flying scotsman — the first steam engine to hit 100 miles an hour — celebrates a century on the tracks. good morning and welcome to bbc news. the chancellor kwasi kwarteng has cut short his visit to the us to hold urgent talks with the prime minister, as pressure mounts on the government over its mini—budget. the chancellor had been in washington for a meeting of global finance ministers. he'd originally been expected to return back to london on saturday. speaking to the bbc yesterday before the change of plans, mr kwarteng said he believes "100%" that he will still be a chancellor — and liz truss will still be prime minister — in a month's time.
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later today, the chancellor and prime minister are expected to hold talks with conservative mps. some think the government's tax—cutting plans should be reversed, while others believe the help with energy bills should be more targeted. there's even talk of whether both the chancellor and prime minister should be replaced. it comes as the bank of england plans to stop its emergency bond—buying scheme later today as part of the measures brought in to try and reassure markets. the bank has been buying bonds — a form of debt the government uses to raise money it needs for spending — to try to stabilise their price and prevent a sell—off that could put some pension funds invested in them at risk of collapse. the pound has risen against the dollar this morning, as speculation mounts over a possible government u—turn on parts of the mini—budget. with the latest, here's frances read. it was a late departure from the us for the chancellor last night as he headed to the airport, returning home for talks with the prime minister of the government's controversial
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mini—budget. kwasi kwarteng had been in washington, dc for a meeting of global finance ministers. speaking before it was known he'd be returning early, he insisted he was sticking to his plans. 0ur position hasn't changed. i will come up with the medium term fiscal plan on 31st october as i said earlier in the week, and there'll be more detail there. and you will be chancellor and liz truss will be secretary of state this time next month? absolutely, 100%. i'm not going anywhere. closer to home behind closed doors in downing street, everything is back on the table. billions of pounds of borrowing to fund tax cuts and energy bill support were announced only weeks ago. some of that is now in doubt as the government scramble to get the markets and their own mps back onside. here in westminster, the mood among tory mps is one of anger. many privately want measures
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in the budget changed. some want liz truss and the chancellor to be replaced completely, while others believe they should be given the chance to rectify the situation. the prime minister and the chancellor have to get a grip on this. there have been mistakes. they've got to work this out to settle the markets, to settle the economy, and to get things back up and running again, but no one is treating this trivially. this is the most serious thing facing our country right now and we've got to respond and deal with it right now. as it stands, the chancellor will spell out how he will pay for the government's package of tax cuts in a statement on october 31st, but many don't think it can wait until the end of the month. a u—turn on at least some aspects of the budget now seems inevitable. frances read, bbc news. as news emerged that the chancellor is returning to the uk early, our economics editor faisal islam has sent us this report from washington. the chancellor of the exchequer, kwasi kwarteng, has notjust left
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the british ambassador's residence here in washington, dc, he has left the entirety of the international monetary fund's annual meetings and gone home a day early, flying back home to london unexpectedly. why? because his team say he wants to consult with senior members of government, basically the prime minister and his fellow mps, about that mini—budget, the mini—budget that isn'tjust going down badly in his own party, it's also gone down badly in the financial markets. in fact, they are now convinced there's going to be a major u—turn, that a big swathe of that mini—budget will never see the light of day. that is now what kwasi kwarteng has to establish, has to sort out, and quickly. why? because the bank of england, which was helping support with emergency funding those markets of government borrowing, that funding is being pulled at the end of the day.
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so really, they have a weekend to sort out what they are going to do. are they going to u—turn? how much are they going to u—turn on? or are they going to face the markets next week? these are very big stakes, a dramatic return to london for the chancellor of the exchequer. the conservative mp mel stride, who is also chair of the treasury select committee says there's an expectation in the markets that there will be a significant change of policy. the idea that the chancellor is going to come forward with something significant, a significant row back, is now priced into the market, so we have seen a slight stabilisation around gilt yields and the pound, and i suspect that a lot of that is because there is no market expectation that something is going to happen. the problem therefore becomes, if it doesn't happen, then the markets may simply have an adverse reaction to that. so there is a strong downside to not doing anything, as well as a strong upside
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to doing something. so my advice to the chancellor would firmly be, do it now. make sure it's something significant, notjust nibbling at the edges, but something that is going to be firm, bold and convincing, but do it as soon as possible. 0ur political correspondent iain watson is in westminster for us this morning. iain, is another u—turn now inevitable? mel stride, who chairs the treasury select committee which scrutinises what the chancellor does, he effectively put forward the dilemma which kwasi kwarteng and liz truss face because politically if they do a u—turn, is going to be extremely difficult for them. a u—turn, is going to be extremely difficult forthem. during a u—turn, is going to be extremely difficult for them. during the summer, she of course campaigned relentlessly against the tax burden being at a 70 year high and suggested that taxes on businesses would stifle growth. so part of her
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whole policy agenda was to stop a rise in corporation tax, a tax on larger businesses, from going ahead next april. if she has to u—turn on that, she damages her own unique selling point in that contest. but if she doesn't do a u—turn on some of the tax policies, as mel stride was pointing out, if the markets already assume that a u—turn is on its way, it may not be inevitable, but there are going to be big consequences if she decides a u—turn isn't on its way after all. so it is this difficult balancing act. what can she do to calm the markets on the one hand, what can she do to calm her own mps on the other? find calm her own mp5 on the other? and the calm her own mps on the other? and the chancellor is on his way back if not back already, cutting short his meeting with the imf and other economic ministers from around the world. are number ten and number 11 united now, or is that going to be another bone of contention for the two? , ,., , , ., ,
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two? they say they are united. they sa the two? they say they are united. they say they are — two? they say they are united. they say they are in _ two? they say they are united. they say they are in lockstep. _ two? they say they are united. they say they are in lockstep. they - two? they say they are united. they say they are in lockstep. they are i say they are in lockstep. they are also saying liz truss has confidence in her chancellor kwasi kwarteng. but although that is what they are saying, questions have been asked by mps at westminster as to who is really controlling economic policy. is it number ten downing street, or is it numberii? is it number ten downing street, or is it number 11? certainly, when the 45p reversal was done, that was the top rate of tax, they were going to abolish it and then they decided not to abolish it after all and there was a feeling that pressure was coming from the prime minister more than from the chancellor, that she was in listening mode and she had listened to concerns. she is also listening to concerns about wider tax policies, so it could be that she is in the driving seat if a u—turn or a manoeuvre is executed. when he gets back into the country and around 11 o'clock this morning,
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the question will be, how quickly do they act? do they u—turn at all? do they act? do they u—turn at all? do they wait until october the 31st, when he has got a fiscal statement, as he calls it, a financial statement to set out how the government is meant to be paying for some of the tax cuts they have already announced, or do they try to do something before the markets reopen on monday? these are the issues that have to be settled, but we know there is pressure on the prime minister, if not to rip up the mini budget that was delivered only last month, and certainly to unpick some of it. we are nowjoined by sir steve webb, a fomer pensions minister in david cameron's government, and a partner at pension consultants lane, clark and peacock. let's talk about the bank of england and their plans. today they plan on ending this promise to buy emergency gilt purchases. but there is some speculation that there may be a
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u—turn on that. do you think there should be? i u-turn on that. do you think there should be?— u-turn on that. do you think there should be? ~' , , ., should be? i think they should never have time limited _ should be? i think they should never have time limited it _ should be? i think they should never have time limited it is _ should be? i think they should never have time limited it is far _ should be? i think they should never have time limited it is far ahead - should be? i think they should never have time limited it is far ahead of i have time limited it is far ahead of the fiscal statement as they did, because there was always going to be a fortnight�*s window, so it was a mistake to cut it short today. i think they will get away with it. ironically, i said that because all the speculation about the budget u—turn has taken the pressure off gilt yields, meaning there is more capacitive things to go up today and for pension schemes to cope. so ironically, i think the bank's gamble we have worked and if things do go pear—shaped today, for a couple of the government were to say, we changed our minds on the u—turn and nothing is happening, i can't believe the bank of england would just sit by and do nothing. so i think the bank will be keeping an eye on it today. we i think the bank will be keeping an eye on it today-— i think the bank will be keeping an eye on it today. we have heard a lot about pensions _ eye on it today. we have heard a lot about pensions this _ eye on it today. we have heard a lot about pensions this week _ eye on it today. we have heard a lot about pensions this week and - eye on it today. we have heard a lot about pensions this week and the i about pensions this week and the impact this is having on them is that how have they ended the week? the irony is that the pension schemes we are talking about, these big defined benefit final salary type pensions, have £2 trillion of
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assets sitting behind them. so they were never going to go bust. they have a cash problem. that has caused real headaches and has caused sale of assets at a low price and so on, but over the last ten days a lot of work has been going on, so they are in a much stronger position today. many of these pension schemes have got quite big employers standing behind them. if you work for a supermarket, it is the supermarket pension scheme and if the supermarket is asked for extra money, a loan or contributions to the pension scheme, that can help tide things over. ironically, those traditional pensions are quite safe. the people i am most concerned about are the people who have hardly been talked about who have modern pot of money pensions, millions have been automatically enrolled into a workplace pension which is linked to the stock market, which has gone down. some of these folk have lost 30% of their life savings and have had almost no attention in this conversation.— had almost no attention in this conversation. ~ , �*, ., ~ conversation. absolutely. let's talk about the government, _ conversation. absolutely. let's talk about the government, the - conversation. absolutely. let's talk i about the government, the chancellor on his way back. he should be
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landing in a couple of hours for possible crisis talks. what do you want to see from the chancellor and prime minister now? ten want to see from the chancellor and prime minister now?— want to see from the chancellor and prime minister now? ten years ago, we had a budget _ prime minister now? ten years ago, we had a budget described - prime minister now? ten years ago, we had a budget described as i prime minister now? ten years ago, we had a budget described as an i we had a budget described as an omni— shambles and the main controversy was attacked on cornish pasties. so if that was a shambles of this constitutes a crisis. having raised the expectation, and these stories don't come from nowhere, they are briefed from the top of government, if they don't go through with this u—turn now, all hell will break loose. so they have to do it, but both forward a few days, imagine the chancellor makes a freestanding announcement saying a second central plank of the budget has been reversed, he will have no credibility. i would reversed, he will have no credibility. iwould be reversed, he will have no credibility. i would be surprised if he survives more than a matter of weeks. �* ., ., ,., weeks. and what about the prime minister? ultimately, _ weeks. and what about the prime minister? ultimately, it— weeks. and what about the prime minister? ultimately, it will- weeks. and what about the prime minister? ultimately, it will be i weeks. and what about the prime l minister? ultimately, it will be her own -a minister? ultimately, it will be her own party that _ minister? ultimately, it will be her own party that decide _ minister? ultimately, it will be her own party that decide whether i minister? ultimately, it will be her| own party that decide whether they are willing for her to limp arm, which is the only phrase one can use. those who think she will lose
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she takes them into the next election will not waste time because it is two years on the clock is ticking until the latest possible date for an election. if you're a conservative mp with a 10,000 majority and feeling worried, you would want somebody new in stock in two years, all sorts of things can happen. you would hope something turned up. i am sure you would not waste time. 5ir turned up. i am sure you would not waste time-— turned up. i am sure you would not waste time. sir steve webb, thanks for bein: waste time. sir steve webb, thanks for being with _ waste time. sir steve webb, thanks for being with us. _ up to 6,000 royal mail workers are facing redundancy by next august. the postal company is blaming ongoing strike action and rising losses at the business. it says it's begun notifying workers of its plan, which aims to reduce its overall headcount by a total of 10,000. royal mail also said it expects its full—year losses to hit £350m. the company currently employs 140,000 people. and joining me now is our business correspondent marc ashdown. this is a trading update today. they have delivered some bleak news. the plan is to catch between 5000 to
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6000 jobs in the nearfuture. in total, they need to lose 10,000, but they are confident that 4000 of those could be from what you would call natural wastage, people leaving or retiring and not replacing them. they are blaming this partly on strike action, but they are also shifting their business model, trying to move from letters to parcel delivery. at the moment, that is not working as they were hoping. staff have of course been on a series of strikes. they have had six days of strike action this year, the most recent yesterday. they have another two planned for this month. they have been offered a pay deal of 5.5%. that is a 2% wage rise, but 3.5% of that is linked to changes in working practices. for example, royal mail want to see sunday deliveries being mandatory now rather than voluntary. the communication workers union blames gross mismanagement for all of this. they say it is a wholesale levelling down of the terms, pay and conditions of postal workers and
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they are turning royal mail into a gig economy style parcel courier. now let's have a quick chat about the markets, which is something you are watching closely. they have rallied today on the expectation that there is going to be some kind of row back from the government. take a through what is happening and what you expect to happen in the coming weeks? the what you expect to happen in the coming weeks?— what you expect to happen in the cominu weeks? , coming weeks? the most interesting thin is the coming weeks? the most interesting thing is the bank _ coming weeks? the most interesting thing is the bank stopping _ coming weeks? the most interesting thing is the bank stopping buying i thing is the bank stopping buying these bonds. they had to step in with a drastic action a couple of weeks ago to buy up government bonds, these i owe yous the government issues to borrow money. the problem was, there was concern about them and the idea was to stabilise those. the bank offered to buy £65 million worth of bonds but they only bought 17.8 billion pounds�* worth. there�*s a feeling that things have stabilised. the pound feels like it has stabilised, but we are in a difficult fortnight now. they are stopping the support convert we have two weeks into the chancellor in theory lays out his
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economic plan and the other side of this equation, the supply side reforms about how we have these tax cuts. they are pressing on a u—turn, so the markets are starting to recover. city members say the problem will be now if there is no u—turn. things are fairly stable at the moment, but all eyes are on the government to lay out a road map out of this problem, which many feel is of this problem, which many feel is of their own doing.— the headlines on bbc news... the chancellor kwasi kwarteng cuts short a visit to the us to return to downing street for urgent talks over his mini budget. it comes amid mounting speculation the government may be about to roll back its tax cut plans following turmoil in the markets royal mail announces up to 10,000 job cuts by next august as it reports losses of up to £350 million and blames ongoing strike action.
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people who rely on home carers are being left without vital support as a result of high fuel prices, according to the home care association. the body, which represents uk care providers, says staff are being forced to leave the profession because they cannot afford to drive to their patients — and employers can�*t afford to raise their salaries. 0ur reporter alice cuddy has been to meet one woman whose care support was unexpectedly withdrawn. morning. i�*m really sorry. i thought the social workers had been in touch to let you know that our care package with you ended last night. sadly, i don�*t have any clients in your area, and staff are complaining about fuel costs. natalie has been living without professional care support for over five months. so it�*s really, really frustrating. we�*ve been constantly on the phone to social services saying, "what�*s going on? "can we have some help, please?" complications in pregnancy have left her unable
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to walk, and with a range of health conditions. her husband jason now has to care for her, as well as looking after their young son. idid it! i feel like i�*m trapped in this little hole. i have to rely on my husband to do everything for me. and that�*s not what i wanted for the kids. this fuel price hike, it needs to be sorted. natalie is not the only person whose care has been affected by high fuel prices. the shortage of home care workers is adversely affecting everybody that needs help. the high fuel costs are just making that situation even worse. it's really sad to hear natalie's story, and we're really sorry that she has experienced that and herfamily.
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care workers, they go to work because they want to improve lives. they love what they do. they want to make a difference. and it breaks their hearts not to be able to. people need care. it�*s so important. natalie�*s former care agency said it was mortified by her situation. shropshire council said they�*re experiencing a shortage of carers, and the increased cost of living, including fuel prices, adds to this very challenging position. they added... since filming, natalie�*s case has been reassessed, and she has been told that her care should soon resume. but she worries about those still waiting for support. i have a family, but there are a lot of people that don�*t have families. their carers are the only people that they see that day. love you. alice cuddy, bbc news.
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a postmortem examination is expected to take place today on the human remains found in the murder investigation of leah croucher. yesterday, leah�*s family visited the house where her possessions and the remains were found and laid flowers at a nearby memorial. police say the forensic examinations could take weeks. the coroner at the inquest into the death of 14—year—old molly russell has written to the government and tech companies, outlining changes he believes would make children safer online. molly took her own life in 2017 after being exposed to harmful material about suicide, depression and self—harm on social media. instagram and pinterest have to respond within two months to explain what action they�*ve taken. between 2000 and 2014, more than 700 post office branch managers in the uk were accused of theft, fraud and false accounting. but they say it was actually faulty accounting software developed by a british subsidiary
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ofjapan�*s fujitsu — which made it look as though money was missing from their branches. later today, fujitsu will give evidence for the first time at a public inquiry that�*s taking place in london. the bbc�*s mariko 0i has more. it�*s been dubbed one of the most widespread miscarriages ofjustice in uk history, hundreds of post office managers wrongly convicted when money went missing in their accounts. they say faulty accounting software developed by a uk subsidiary of japan�*s fujitsu was to blame. but in its home market, hardly anyone, even a former president whom we spoke to, has heard of the scandal. this may be partly because after fujitsu�*s massive expansion overseas, it�*s claimed that japanese bosses didn�*t get too involved in the day—to—day operations of their foreign subsidiaries.
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translation: there was no strong governance in fujitsu headquarters. for things like management and software development services, operations were kept separate, so the local way of doing business continued. fujitsu is one of japan�*s biggest employers in it, and among its most respected brands overseas. the dna of fujitsu�*s success can be traced back to the �*70s, when the japanese government was trying to counter the dominance of america�*s ibm. their strategy was to eliminate competition at home betweenjapanese companies like fujitsu, hitachi, toshiba, mitsubishi and so on, and instead organise them into three giant alliances with the might of the government behind them to pit all of japanese tech against ibm. but despite its size, some argue the company is longer innovative. their unique advantage is the relationship with the government. without that, they are not competitive at all. if this is a really open, free market, they should be eliminated 20 years ago. in the uk, fujitsu is one of the government�*s top five it contractors.
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the government tends to go for a small number of very large contracts. that favoured very large suppliers, often international firms like fujitsu. fujitsu officials in tokyo declined our interview request, saying that it�*s a matter for its uk subsidiary. fujitsu uk has said it has been cooperating with the current inquiry and is committed to providing the fullest and most transparent information. as the company comes under scrutiny in the wake of the post office scandal, the question will be what the challenges facing it globally will mean for its future. chris trousdale was one of the country�*s youngest sub—postmasters when he was prosecuted by the post office and advised to plead guilty to false accounting orface jail.
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he was sentenced to a community probation order at the age ofjust 22. he was one of the first to have his conviction overturned. tell us more about what happened and the impact this has had on you? thanks for having me on again. it�*s a very wide ranging scandal, and the fallout and the damage and the harm is large. it has taken us 20 years of fighting to get where we are now, and we are still nowhere near where we need to be. haifa and we are still nowhere near where we need to be— we need to be. how significant is toda for we need to be. how significant is today for you _ we need to be. how significant is today for you to _ we need to be. how significant is today for you to hear _ we need to be. how significant is today for you to hear from i we need to be. how significant is l today for you to hear from fujitsu? it was interesting in your package how fujitsu were trying to imply that they didn�*t interfere at a local level. we had in an inquiry yesterday or the day before that senior chair people lobbied tony blair�*s government and tony blair himself. so it will be interesting to see in inquiry what exactly went
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on in those meetings. it will also be interesting to know, in the high court cases, it was proven that fujitsu had access to sub—postmasters�* accounts. that has now been admitted, but we want to know when the post office knew that fujitsu had unrestricted, secretive back—end access to sub—postmaster accounts. we hope these answers will come out in the next few days. bud come out in the next few days. and what is the — come out in the next few days. and what is the importance of this inquiry, what will it mean to you? well, it is the largest miscarriage ofjustice in uk history. and as yet, not one person has been held to account. there are thousands of victims, 700 prosecuted, 500 with a high court case. and as yet, not one perpetrator has been brought to book. so we need to see results from this inquiry. unfortunately, we saw the post office yesterday being castigated for nondisclosure once again. so we are hoping they go away
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and have a look at themselves and fujitsu and the federation, come back to the inquiry with an open and honest documentation so we can find out truly what went on and who knew what. b5 out truly what went on and who knew what. �* , , ., out truly what went on and who knew what. a out truly what went on and who knew what. , out truly what went on and who knew what. as you say, this has been auoin on what. as you say, this has been going on 20 _ what. as you say, this has been going on 20 years. _ what. as you say, this has been going on 20 years. you - what. as you say, this has been going on 20 years. you were i what. as you say, this has been going on 20 years. you were 22 j what. as you say, this has been i going on 20 years. you were 22 when this happened to you. tell us what impact this has had on your life? it is hard to distill it down to a few minutes, it would take 20 years to tell the story. lots of mental anguish. we are still not over that mental anguish and we never will be until the post office admit liability, which they are still not doing. and other players like fujitsu need to do the honourable thing and say what their parts was in this scandal.— thing and say what their parts was in this scandal. how hopeful are you ofthat in this scandal. how hopeful are you of that happening? _ in this scandal. how hopeful are you of that happening? unfortunately, l in this scandal. how hopeful are you | of that happening? unfortunately, 20 ears of of that happening? unfortunately, 20 years of history _ of that happening? unfortunately, 20 years of history have _ of that happening? unfortunately, 20 years of history have shown _ of that happening? unfortunately, 20 years of history have shown us i of that happening? unfortunately, 20 years of history have shown us that i years of history have shown us that they are using the same tactics of not disclosing, telling the truth. we needed to change. at moment, we hope that the chair of the inquiry will take our feelings on board and
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really force people to tell the truth. , ., , ., ., ~ communities in three australian states have been ordered to evacuate as torrential rain brings major flooding. at least 500 homes have been flooded, one person has died and another is missing as the disaster unfolds. parts of the country have received up to four times their average 0ctober rainfall in just 24 hours. widespread flooding across australia — driven by a la nina weather pattern — has killed more than 20 people this year. now it�*s time for a look at the weather with matt. a much more changeable weather pattern here of the next few days. let�*s have a quick glimpse into the weekend. saturday, sunshine one minute, showers and others. by sunday, more of you will be dry, with sunny spells before late in the
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day, some wet and windy weather arrives into the south and west. a fairly changeable pattern. a bit of sunshine, a bit of rain and the breeze not too strong. let�*s look at where the wet spots are at the moment. patchy rain and drizzle with the midlands and south—west england. heavy showers in western scotland and some wet conditions. brightening up and some wet conditions. brightening up in these areas that started with some rain, but the north of england and north—west will turn wetter through the day. the afternoon will be brighter across many western areas. brightening up also across the south of wales through the midlands and lincolnshire. staying cloudy and a bit damp this afternoon in east anglia and the south—east. the winds are not particularly strong, so when the sun breaks through the cloud, it is quite a warm day. a bit fresher through scotland and northern ireland. this evening the showers fade for a time, but more showers come in thick and fast, some of those heavy and thundery. before they arrive, there
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could be a touch of frost in north—east scotland. see you later. hello, this is bbc news. the headlines. the chancellor, kwasi kwarteng cuts short a visit to the us to return to downing street for urgent talks over his mini budget. it comes amid mounting speculation the government may be about to roll back its tax cut plans
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following turmoil in the markets. i won my advice to the chancellor would firmly be, do it, do it now. make sure it is something significant, notjust nibbling at the edges but something that is going to be firm, bold and convincing, but do it as soon as possible. royal mail announces up to 10,000 job cuts by next august as it reports losses of up to £350 million and blames ongoing strike action. a warning vulnerable people are being left without the support they need, because high fuel costs are forcing care workers out of theirjobs. communities in three australian states are ordered to evacuate as torrential rain brings major flooding. and the flying scotsman — the first steam engine to hit 100 miles an hour — celebrates a century on the tracks. sport and for a full round—up, from the bbc sport centre, here�*s hugh. good morning. england are playing their final
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warm up match ahead of the t20 world cup. it�*s the third match of a series against australia they�*ve already won. the home side put them into bat after winning the toss. an early wicket of alex hales, just a second delivery that he faced from josh hazlewood. jog a second delivery that he faced from josh hazlewood.— josh hazlewood. jos buttler and dawid malan — josh hazlewood. jos buttler and dawid malan at _ josh hazlewood. jos buttler and dawid malan at the _ josh hazlewood. jos buttler and dawid malan at the crease, i josh hazlewood. jos buttler and | dawid malan at the crease, 34-1 dawid malan at the crease, 34—1 after four overs of the match in canberra. manchester united will be breathing a sigh of relief this morning after an injury—time winner gave them a win over 0monia nicosia that�*s put them in a good position to qualify from their europa league group. position to qualify they had been frustrated throughout by the cypriot side until the 92nd minute when scott mctominay ensured united can still win their group. with two matches still to play, they�*re three points behind real sociedad. united go there in november. the performance in the box was good but the finishing was not that good.
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let�*s hope that we saved their goals for the coming week. luckily, i have had many more of those nights, where you play well, you create chances, but you don�*t net. but finally, of course, football is about scoring goals. arsenal remain top of their group thanks to a 1—0 win over bodo—glimt in norway. bukayo saka getting a deflection off his chest for the only goal of the game. it means arsenal will be through to the knockout stage if they win against psv eindhoven next week. really happy to win here against a team that has won their last 14 games in european competitions in a row. they deserve a lot of credit because there�*s not many european teams that have done that. we have come here, game 15, and won it. we have talked about this in the last few days and that was the challenge, in different conditions come in different context, making a lot of changes, find a way to win and we have done. anderlecht have apologised
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for the behaviour of their fans during their europa conference league defeat at west ham, with supporters throwing seats and setting off flares in the latter stages of the match. west ham�*s win was their fourth in a row in the competition and sends them through to the knockout stage. said benrahma�*s stunning free kick might have been bettered with this from jarrod bowen. it equalled the club�*s european goal scoring record. it eventually finished 2—1 at the london stadium. but hearts were thrashed 5—1 by the italian side fiorentina. they now need to win their remaining two games and hope other results go their way to have any chance of qualifying for the next stage. day two of the world track cycling championships delivered a gold and silver in the team pursuit events. the men�*s win was particularly significant as it came over 0lympic champions italy. it�*s britain�*s first world gold in a discipline they used to dominate. dan bigham, ethan hayter,
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0llie wood and ethan vernon keeping the italians at bay to win byjust under a quarter of a second. it is genuinely unbelievable. like the guys were saying, we just came together in the last few weeks and i think team morale is at an all—time high and it has fallen into place quite nicely. we had pretty good qualifying, pretty good rounds and we definitely learn from those and put in i think as best as we could have expected. this one is the george peasgood. he was due to be here next week at the para— world championships but had a bit of an accident and is in critical care at the moment so this is for you, george. the women�*s team on the other hand couldn�*t beat italy in the gold medal race as they looked for a first world title in this event since 2014. their silver is the fourth time in the last five years they�*ve finished runners up. the fans dubbed as the manchester mexicans have been partying into the night after seeing their team crowned champions for the first time in 29 years. i�*m talking about speedway, and the belle vue
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aces, who clinched the british premiership grand final, thanks to an away victory at the sheffield tigers and the riders joined the travelling fans in the mexican themed celebrations. the sombreros were out in force. they have become a bit of a tradition for the club, and began, as a bit of a joke, about the manchester weather. cannot subscribe to anyjokes about the manchester weather but i can tell you that of course it is the rugby league world cup, all three of them, starting tomorrow in newcastle with england against samoa and we will be live in newcastle in the next half an hour. the bank of england stepped in to buy government debt to try to prevent pension funds collapsing. but how does the gilt market work? we thought we�*d take a closer look. our business reporter noor nanji has the details. this is a complicated area of finance and economics, but we�*ll try to explain. let�*s start by looking at what exactly the gilt market is. usually, the government wants
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to spend more than it raises in taxes, so it borrows money by selling gilt. now, gilt 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. 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 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. 0n the 23rd of 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
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and that in turn will increase government revenues and help pay for the tax cuts and that should help to calm the bond market. but it�*s 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. now, something you need to understand about bonds is this. if the price goes down, then the effective interest rate, which is called the yield, goes up. and that interest rate makes it more expensive for the government to borrow. and that means more government money is 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 remortgage 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
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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 the prices falling too fast. that acts, if you like, 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. so the big question is, when is all of this 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. as you�*ve been hearing, the chancellor kwasi kwarteng has cut short his visit to the us for urgent talks in downing street.
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so is a u—turn over the mini budget on the table? we can now speak to the guardian�*s political correspondent aubrey allegretti. thank you forjoining us. what is your assessment of why the chancellor has cut short the visit and what does it mean?- chancellor has cut short the visit and what does it mean? well, there are alwa s and what does it mean? well, there are always incredibly _ and what does it mean? well, there are always incredibly difficult - are always incredibly difficult situations when ministers are out of the country and right now i suspect that a lot of people are tracking on flight radar the plane going across the atlantic in much the same way we have come to expect when ministers have come to expect when ministers have to fly home from a crisis. but i think the real issue that kwasi kwarteng and liz truss are going to face here is that this is the project they had built for months during the leadership campaign as being a way to reignite growth in the economy and essentially put an end to sort of sluggish performance in the british economy over the last few years, over the last 12 years of the conservative government. now obviously, u—turn puts paid to all of that sort of political principle
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that we heard about over the summer, the entire liz truss project. a u—turn on piecemeal bits of the budget or even scrapping the whole thing potentially means people are left asking, what is the point of liz truss any more ways white so if they ask that question and if there is a u—turn, they ask that question and if there is a u-turn._ is a u-turn, what does it mean for her within — is a u-turn, what does it mean for her within her _ is a u-turn, what does it mean for her within her own _ is a u-turn, what does it mean for her within her own party, - is a u-turn, what does it mean for her within her own party, do i is a u-turn, what does it mean for her within her own party, do you l her within her own party, do you think? ~ , ., think? well, there is almost certainly going _ think? well, there is almost certainly going to _ think? well, there is almost certainly going to have i think? well, there is almost certainly going to have to i think? well, there is almostj certainly going to have to be think? well, there is almost i certainly going to have to be quite a substantial u—turn because we think the markets are pricing in the reports we have seen in the papers for the last day or so, and the treasury has been left completely on the hop by this, i was speaking to someone in the treasury this morning who said that number 10 has effectively pounced while kwasi kwarteng was out of the country and briefed they were chucking elements of the budget behind his back so thatis of the budget behind his back so that is going to lead to quite a lot of disharmony within the parliamentary party anyway, when they think that the prime minister and number 10 has been going behind the chancellor�*s back and effectively pulling the rug from under him. secondly, there have been
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quite a lot of conversations about whether or not she can survive. the answer that most people in the parliamentary party come to is that she cannot, and then the question is, how they get rid of her and who they replace her with. i think the fact we have not seen any resignations yet is not because ministers are not deeply unhappy and wouldn�*t like to sort of do it but it is more to do with the fact that they don�*t want to cause more market turbulence. there are also rishi sunak and penny mordaunt, two people who got through to the final stage in the leadership contest before it went to the members, so penny mordaunt came third and rishi sunak obviously came second and it seems that the group of mps that are trying to tout for their names to put forward to be crowned in some kind of coronation and to run on a joint ticket can�*t even decide which of those two should be the prime minister and which of them should sort of take second fiddle as the new chancellor. so there is a great deal of discord, people can�*t decide
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who is best placed to take over from liz truss. all the while, obviously, the markets watch on in horror and liz truss is able to wait for another two years to call a general election and the conservatives�* poll ratings continue to decline or at least remain at a very low base. there is a lot of unhappiness in the parliamentary party at the moment. but liz truss still does have her supporters, doesn�*t she? she does have people who are backing howe, who are behind her in the chancellor. what would you say to people watching who are saying, that media are talking her down and this is all in the westminster bubble. how would you respond to that when you are a westminster insider and you are a westminster insider and you talk to mps regularly? absolutely, she still has some very ardent supporters, particularly in the cabinet but we have also seen rivals like nadine dorries, the former cabinet minister and there are those that think that actually permitting regicide again, getting through another conservative party leader in just over a month, through another conservative party leader injust over a month, would be even more foolish than sticking
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it out, trying to u—turn and sought offshore up the damage, get in a good position for the 31st of october and then ride out the political storm in the winter because of the potential scale of the national crisis the country is going to face with energy supplies. that is very much a view. of course, we only report what conservative mps tell us. we always try to compare what we are seeing now with what has happened before, to try to get a flavour of whether or not mps are being slightly more miller dramatic than they would normally be. and some of those who worked closely with theresa may, in the dying days of her administration, say this is already significantly worse than what they experienced under her. it is less protracted and they feel like they have more of an opportunity to move because we are still at that point in the electoral cycle where the next election is looming on the horizon. when boris johnson and theresa may were defender stated, the election was
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far enough away that they thought they would have enough time to get rid of the leader and get a new one in. at the moment, they are not quite sure whether or not that period is going to be allowed. so now, moving sooner rather than later might be better for the conservatives. that is what mps say. thank you forjoining us. some breaking news coming in to us via reuters that hundreds of workers at the port of liverpool, one of britain�*s largest container ports, we�*ll strike for two more weeks over pay and jobs. that is from the unite union. nearly 600 workers in the port will walk out from the 24th of october until november the 7th, 0ctober until november the 7th, according to unite. the headlines on bbc news... the chancellor cut short a visit to the us to return to downing street for urgent talks over his mini budget. it comes amid mounting speculation the government may be about to roll back its tax cut plans following turmoil in the markets.
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royal mail announces up to 10,000 job cuts by next august as it reports losses of up to £350 million and blames ongoing strike action. nationwide protests have gripped iran for the past few weeks, following the death of a 22—year—old kurdish woman in police custody. mahsa amini had been detained for breaching islamic dress codes. women have been at the forefront of the defiant protests, often facing a violent response from the police. 0ur diplomatic correspondent caroline hawley has this report. these are scenes that have stunned iranians and inspired people around the world. here, schoolgirls take off their headscarves. for 40 years, women have been made to wear them, whether they like it or not. but extraordinary acts of defiance are now taking place against a regime that�*s controlled what half the population wears, and how they all
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behave, for so long. and look at what these children are doing to portraits of iran�*s supreme leader. it�*s a month since a 22—year—old woman, mahsa amini, went on a fateful and fatal trip to the capital, tehran. she was stopped by iran�*s morality police, who were unhappy with the way she was wearing her hijab. witnesses say she was beaten before she ended up in a coma and died. this was herfuneral in her home town in the west of the country. her grieving family wrote on her gravestone that she would live on and become a symbol, as she has. a symbol of women and men standing up to the repression of the iranian regime. the islamic republic was set up in 1979, when the shah of iran was overthrown. not long afterwards, women were made to wear the hijab, though some did challenge it. the shah pulled the door down by force. but these people are putting it up by force. the regime has successfully crushed all protest movements before
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now with brute force. but this time it faces a deeper challenge, as people from all walks of life say they want nothing less than an end to the islamic republic. azadeh moaveni has just returned from iran, where she witnessed some of the protests. i don�*t think there�*s ever been a generation under the islamic republic that�*s so different to the ruling authorities. they are fearless. they are plugged into the internet. they are sophisticated, they are worldly, they are educated, and they are more secular and liberal in their lifestyle than probably any generation before them. so where do you think this will all go? it�*s hard to see things ever going back to how they were before. you know, the morality police, i think, will never be able to resume their patrols in iran. they�*re forever tainted by having killed a young, innocent girl. so i think we�*re just
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at a precipice moment, where sort of both sides are sort of staring each other down. it�*s really quite frightening. this 16—year—old, sarina esmailzadeh, has become a new face of the protests, killed by security forces, as was 16—year—old nika shakarami, their deaths are only fuelling iranians�* fury. red paint on the hands of students in tehran this week. powerful commentary on a regime now facing an unprecedented crisis of legitimacy. caroline hawley, bbc news. the rugby league world cup gets under way tomorrow, with the england men�*s team taking on samoa in newcastle. it�*s set to be the biggest and most inclusive rugby league world cup in history, with the men�*s, women�*s and wheelchair world cups all coming together and being played under one tournament. 0ur sports correspondent adam wild
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is in newcastle this morning for us. good morning. a realfestivalfeel here in newcastle on the quayside. we have got young people practising behind us. we have got a zip wire being built over the river. we have got a fan village being set up. excitement beginning to grow and look, this is what it is all about come here, we have the wheelchair world cup, the men�*s world cup, and the women�*s world cup as well, as you say. these competitions begin in the next couple of weeks. the men�*s world cup begins tomorrow with england against samoa. it is just a stone�*s throw away at st james�*s park. ellery hanley, rugby league legend, joins me now. all the excitement and the build—up, it is going to be a big occasion tomorrow but a difficult game for england does not stop below there is no question about it, it�*s going to be very difficult, england know that themselves as well. they would have prepared for that. thea;r themselves as well. they would have prepared for that.— prepared for that. they understand it in their training _ prepared for that. they understand it in their training schedules i
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prepared for that. they understand it in their training schedules and i it in their training schedules and through the classroom schedules as well. actually monitoring their opposition, making sure that they are doing video analysis of all of the strengths and weaknesses of their opposition. i wouldn�*t expect anything else but an england win. i can say that from the outside, simply because as all the nations, we expect england to go all the way to the final but they are going to have to play well, no doubt about it. it is not as we played a few months ago, when they played the all stars team and everything, when they have spent a number of opportunities on the paddock. for that 80 minutes, they have to be clinical, and everything they do, and what it does, it prepares them for later down in the competition in terms of making sure that when they get to the semifinals, that they are right on point in all the facets of the game. on point in all the facets of the name. �* , . ~' on point in all the facets of the came. �*, ., ., ., on point in all the facets of the game. et's talk about england because all— game. et's talk about england because all the _ game. et's talk about england because all the home - game. et's talk about england because all the home nations| game. et's talk about england i because all the home nations are there and some really competitive teams on the pacific islands,
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australia and new zealand of course, it feels, in terms of the tournament, competitive, it feels like a big global event isjust about to start in newcastle? there's no question — about to start in newcastle? there's no question about _ about to start in newcastle? there's no question about it, _ about to start in newcastle? there's no question about it, going - about to start in newcastle? there's no question about it, going back- about to start in newcastle? there's no question about it, going back to l no question about it, going back to the pages a little bit, one of the great executive decisions was not to host the world cup last year through the pandemic. we have got all the teams on board now, they are all competitive and everyone is looking forward to it, it is going to be absolutely a spectacular event, world cup and everything. i think this will be the closest world cup we have had in decades and decades. the teams are quite evenly balanced and when i say they are quite evenly balanced, i�*m talking about the new zealand and australian teams, the england team, samoa, i am expecting big things from them and i am expecting them to challenge each other in every single department and facet of the game.— facet of the game. thank you for “oininu facet of the game. thank you for joining us- _ facet of the game. thank you for joining us- as — facet of the game. thank you for joining us. as ellery _ facet of the game. thank you for joining us. as ellery hanley i facet of the game. thank you for joining us. as ellery hanley wasl joining us. as ellery hanley was saying, it is a really exciting prospect, 61 games across the three
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tournaments, 21 venues across england. it all begins tomorrow, england. it all begins tomorrow, england against samoa at stjames�*s park. thank you, adam. the most famous steam engine of all time in british history is celebrating 100 years on the tracks. the flying scotsman has travelled 2.5 million miles and was the first locomotive to circumnavigate the globe. john maguire has this report on her story. the flying scotsman, one of the most famous of all steam locomotives, puffed impatiently, eager to be on her way to repeat history. the name that eclipses any other in the history of steam and the railways remains as emotive today as in any time during its century—long history — the flying scotsman. she broke records and set pulses racing. the first to break the 100 mile per hour barrier in 1934 and to make the 400—mile journey from london to edinburgh without stopping.
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her speed saw her credited with delaying the inevitable takeover by diesel locomotives that was coming down the tracks. the flying scotsman, britain�*s best known express, gives passengers a sight they haven�*t seen since 1941. restaurant cars and railway kitchens are back again. and as britain adapted to post—war life, it was the scotsman chosen to highlight the return of on—board kitchens. welcomed by passengers, as this wholly unscripted exchange shows. have you enjoyed your lunch, sir? i've enjoyed it very much indeed, thank you. it's a very pleasant change after about, what is it, four years of sandwiches. she was taken around the world to showcase british engineering at its best, but often the business of running the scotsman ran into the buffers. her ownership changed hands several times. an extensive ten year restoration, costing more than £4 million, was completed six years ago by the national railway museum to
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give the engine a new lease of life. these days, she tours the country�*s rail tracks, much to the delight of those who turn out in their droves to see her, if only for a few fleeting moments as the scotsman flies by. ido i do love a steam engine! now it�*s time for a look at the weather with matt. the question is will the weather remain on track for everyone. this was glenfinnan in the highlands not so long ago but blue skies already being replaced by some pretty beefy shower clouds and that is the story for the next few days, a fairly changeable output, sunny at some times, went on others, probably the drysdale sun label widely before things turn wet and windy towards the south and west later in the day.
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let�*s deal with today, a pretty active jet stream running across the atlantic at the moment, just on the northern edge of this area of cloud, producing some rain and drizzle across parts of wales and south—west and the midlands and another bank of cloud working southwards across scotland. this is the radar, you can see the rain through parts of the central belt, glasgow and edinburgh, working its way in towards the far north of england now but plenty of showers pushing and glenfinnan, for example. they will work eastwards. cloud and patchy rain pushing into northern england, north and west wales this afternoon, taking away some of the morning sunshine. whereas, lincolnshire and yorkshire and the millions will brighten up after cloudy and patchy rain but it will stay cloudy in east anglia, the south—east and the channel islands with light rain and drizzle to end the day. sunshine in between that, though, 17 or 18, pressure in the north but fewer showers in scotland and northern ireland, fine into the day but showers will be back tonight. some of those becoming heavy and thundery with a blustery wind to take us into tomorrow morning. showers elsewhere. before
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the showers reach north—east scotland, where the coldest place will be tonight, it could get down in parts of aberdeenshire and moray to around freezing. in the morning, outbreaks of rain across much of scotland, claiming to sunny conditions for a time during the middle part of the day and that is the story elsewhere, a few showers dotted around first thing, even for a time late morning but more showers developing into the afternoon, pushing their way eastwards. a few spots will avoid the worst of the showers and staying dry but it will be a blustery day on saturday compared with today and a slightly cooler one with temperatures down a degree or two compared to what we will see this afternoon. that is how saturday looks. as we go through saturday looks. as we go through saturday night into sunday, the low pressure bringing those showers on saturday starts to move away, and the next area approaches from the south—west bringing some wet and windy weather later. we are almost in the window in between, showers in scotland and the far north of england to begin with will fade for many and many places will start sunny if a little chilly. missed an fog clearing. the breeze picking up through the day, sunshine turning hazy and then later to the south and
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10:00 am
this is bbc news — these are the latest headlines in the uk and around the world. the chancellor kwasi kwarteng cuts short a visit to the us to return to downing street for urgent talks over his mini—budget. it comes amid mounting speculation that the government may be about to roll back its tax cut plans following turmoil in the markets. my advice to the chancellor would firmly be, do it, do it now. make sure it�*s something significant, notjust nibbling at the edges but something that�*s going to be firm, bold and convincing, but do it as soon as possible. a month of protests over the death of mahsa amini in iran — we�*ll look at what effect the popular movement is having in the islamic republic. communities in three australian states are ordered
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