tv BBC News BBC News October 14, 2022 7:00pm-7:31pm BST
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this is bbc news. i'm geeta guru—murthy at downing street. saying goodbye after just 38 days. kwasi kwarteng becomes britain's second shortest—serving chancellor after being sacked by the prime minister. liz truss announces another major u—turn on her economic plans — a rise in corporation tax will now go ahead. but it is clear that parts of our mini budget went further and faster than markets were expecting, so the way we are delivering our mission right now has to change. we need to act now to reassure the markets of our fiscal discipline. former health secretary and leadership candidate,
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jeremy hunt, is now tasked with bringing the financial turmoil under control. and i'm lukwesa burak in the studio. also in the programme... all chanting. iran's supreme leader warns no—one can overturn the islamic republic, as protesters again fill the streets of zahedan. communities in three australian states have been ordered to evacuate as torrential rain brings major flooding. and the actor robbie coltrane, who played hagrid in the harry potter films, has died aged 72. welcome to downing street, where it's been a day of high drama.
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less than 2a hours after kwasi kwarteng insisted he was 100% safe in hisjob as chancellor, he has gone — sacked by liz truss after he flew back early from washington. three weeks of turmoil on the financial markets has culminated in this — another dizzying day in politics. the prime minister has announced a second major u—turn on her economic plans for growth — corporation tax will now rise from 19 to 25% in april after all. liz truss has sacked the chancellor and named a new one, jeremy hunt, the fourth this year. our political editor, chris mason, is westminster. they are committed to the prosperity of their country for years to come. sitting across the cabinet table there. in that first image of that
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top team, the question is how long they could last whether liz truss can remain as prime minister, with so much speculation whether there aren't move to unseat her. here's our political editor, chris mason. turning up for another u—turn, the prime minister invited reporters to downing street this afternoon and scrapped one of her key policies that she's championed for months. it is clear that parts of our mini budget went further and faster than markets were expecting, so the way we are delivering our mission right now has to change. i have therefore decided to keep the increase in corporation tax that was planned by the previous government. this will raise £18 billion per year. so, a tax policy ditched, and her chancellor, too. i met the former chancellor earlier today. i was incredibly sorry to lose him. he is a great friend,
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and he shares my vision to set this country on a path to growth. today, i have asked jeremy hunt to become the new chancellor. and one more thing, government spending will be cut compared to what was expected. our public sector will become more efficient, to deliver world class efficient, to deliver world—class services for the british people, and spending will grow less rapidly than previously planned. it never rains, but it pours — this was the now former chancellor kwasi kwarteng making an early dash home from a meeting of finance ministers in washington last night. a long—haul flight, followed by the sack is how his friday went. should the prime minister go next, mr kwarteng? hello, good afternoon. the formalities look like this.
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now, he's the fourth chancellor since july. politics has been on fast forward this autumn. it's five—and—a—half weeks since liz truss became prime minister. mr speaker, we're at- the beginning of a new era and as we contemplate... it's three week since the now former chancellor set out his planned tax cuts. and less than a fortnight since he ditched the cut for the best paid. i felt and the prime minister felt i that this was just a distractionl on what is a very strong package. and then, just yesterday,
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there was this. and you will be chancellor and liz truss will be prime minister this time next month. absolutely 100%. i'm not going anywhere. perhaps it's little wonder the conservatives play political rivals are sounding like this. another change in who is running the treasury, another tory chancellor isn't the answer to the challenges that we face as a country. the tories are out of ideas, they're out of time — it's time for a labour government. this is beyond a joke, it was never funny, but liz truss has already, through her own decisions, crashed the economy and heaped mystery on people who were already struggling with the cost of living crisis. and even this former conservative chancellor reckons the government is incompetent. i do not think they can resolve the political damage _ that has been caused. the tory party has to be the party of competence in government. i i'm afraid we've thrown away years and years of painstaking work. - so many questions for
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the prime minister, but she only asked four of us to ask one. chris mason. excuse the bluntness, but given everything that has happened, what credibility do you have to continue governing? what i have done today is made sure that we have economic stability in this country. jeremy hunt as chancellor is somebody who shares my desire for a high—growth, low—tax economy. the questions from others were in a similar vein — and brutal. he has to go because of the fallout, how come you are have to stay? a difficult day, can you explain why you think you should remain as prime minister. will you apologise ? herrances were similar to the one i got and then that was it.
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thank you very much, everybody. what we've seen is the prime ministerjunk a central plank of her programme for government having junked her chancellor. what she needs to do is restore credibility with her mps and with the financial markets. the early evidence is that plenty on her own backbenches are not convinced. all eyes will remain on liz truss, to put it at its gentlest her difficultieses are far from over. the prime minister... saying that they are going to press ahead with their new plans, but whether this is enough to save liz truss's scan is quite another matter. there's going to be a number of very unhappy conservative mps fearful of being punished at a general election and fearful of the economic turbulence.
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in all their constituents, of course. the prime minister says she still wants to achieve a "low—tax, high—wage, high—growth economy" high—wage, high—growth economy", but she has accepted that her mini budget went faster and further than many had expected. budget went faster and further that prompted turmoil on the financial markets. willa new chancellor and another major u—turn the sequence of events that led to the chancellor's sacking and another major u—turn on tax policy started on september 23rd, when kwasi kwarteng delivered his not—so—mini budget that contained huge tax cuts, with no detail on how they would be paid for, and no analysis from the budget watchdog on whether the numbers could add up. it announced £45 billion in cuts — then came the u—turns. abolishing the 45p tax rate for high earners — scrapped — saving £2. proceeding with a big rise in corporation tax they had planned to scrap — saving £18 billion. and bringing forward the independent
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budget watchdog report from late november to late october. this is how the financial markets have responded. this shows how much it cost the government to borrow money for the long term, this is announcement here on the 23rd november of the mini budget. interest rates soared. this is when the bank of england had to intervene to calm the markets. that intervention ends today. and this is the reaction to the government u—turn on corporation tax. borrowing costs are higher than last night. so business was expecting tax rates to stay frozen to promote growth — now they are rising from i9% to 25% as the last chancellor planned — how does business feel about that? i've been talking to businesses up and down the country in the last few days and today, and they're pretty clear that the first step before they even begin to start investing again is that we have stability in the markets. now once that's there,
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we will, as a country, have to get back to a discussion about what are the tax policies, what are the regulation policies, what are the immigration policies that will get the country moving again? and government borrowing costs affect all borrowing costs, including mortgages. this time last year, a typical £200,000 mortgage would have cost around 2%. today, that's closer to 6%, meaning an extra £500 a month in mortgage costs. 1.7 million people see their fixed deals end in the next 12 months, and it's ended some people's dreams of buying their first home. liz truss was voted in as prime minister byjust over 80 thousand conservative party members. for many of them and for conservative voters — the last few weeks have been difficult to watch as the reputation of their party has been battered and bruised. 0ur political correspondent alex forsyth has been talking to conservatives in witney in 0xfordshire in the market town of witney, people were going about their daily business, as the drama
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unfolded in westminster. and at this town centre coffee shop, talk of political turf talk of political turmoil did filter through. bob, a lifelong conservative voter has lost faith in the prime minister, and for him, today's actions didn't help. i have always voted conservative but i will never conservative, but i will never vote conservative again. why? because i think they're greedy, cutting taxes for the rich, it's not right. there's a lot people going to face poverty. there is concern about the every day impact of economic instability, on people and businesses. mike thinks it's too late for liz truss to pull it back. i think she's made so many errors that she's many errors that she's already lost the confidence of the people she needs. but forjackie and paul, there's frustration at what they see as attempts to undermine the prime minister.
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they are out to get rid of her. it's pressure from all around, just to get rid of who is in power at the moment. this deputy chairman of the local party who didn't back liz truss but was willing to get behind her is now concerned. we are the ones knocking on doors, delivering leaflet, we need a stable government. if and it is still a big if, if tory mps did decide to replace her with someone else, how would the members feel i wouldn't be too bothered, but i know a lot of colleagues would be passionate about having that vote, but that contest was very long, we have a cost of living crisis, we have all sorts going op with the economy, if we don't change now, we're going to be in opposition for a very long time. bit nervous. for amanda, who works in the town centre, there are nerves about the economy
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and the uncertainty that brings. butin her view, it's too soon to passjudgment on the prime minister. she came in, she hasn't been in long, and the queen sadly passed away so she has had a lot to contend with, so give her a chance. while the prime minister tries to shore up support for her approach, it is voters who will ultimately decide if there comes a point when time's up for her party. alex forsyth, bbc news, whitney. there's a lot of don't like that is very difficult, but there are so many different divided factions and the mechanics are complex, too, especially if liz truss wants to hold on and remain in power. of course, the backdrop is if there was a general election, if the conservatives replace liz truss, a lot of the mps would face potentially losing their seats because they are so far behind in
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the opinion polls here to the opposition labour party. that is the conundrum facing many conservative mps right now. they are not happy with the direction of travel of the government and don't feel their confidence has been restored by the events of today, but they are still very uncertain as to how to go forward in the next few days. thank you very much indeed. iran's supreme leader ayatollah ali khamenei has said that no—one should dare think they can overturn the islamic republic — as anti—government protests enter a fifth week. crowds have again filled the streets of zahedan, the city where dozens of people were reportedly killed by the security forces two weeks ago. it's been barely a month since the death of a 22—year—old kurdish woman in police custody sparked off the demonstrations. 0ur chief international correspondent lyse doucet has been looking at their significance. a defiance that is dangerous.
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brandishing headscarves, burning them can get you arrested. hundreds have been detained. this may seem so ordinary, but even walking without compulsory hijab can have consequences. dounir, in a white shirt eating breakfast, went to prison after she posted this photo. across iran over the past month, there have been unprecedented scenes like this. and this, too. schoolgirls ripping photos of iran's leaders. this defiance spread across society, across generations, on wider issues. and security forces have shot back, with tear gas, metal pellets, live fire. 0ne protester who, like most, hides her identity, told us it's no longer
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just about hijab. they don't want islamic republic with all of the violence it is giving. things that they have done politically to us, economically to us and what they are showing as the face of iranians to the world and this is what we do not want. power resides here in the islamic republic. khameini, has said little, but he's blaming the west. translation: these recent matters l are not home-grown and spontaneous. it's possible that the enemy used some pretext to pursue their agenda using provocative propaganda. those who back the government deny the islamic republic critics deny the islamic republic is at risk or even rattled. in iran, there has always _ been different voices among society that have debated the issues about the last 40 years. - and despite the fact -
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that the united states and its allies have constantly. tried to undermine iran. but these protests aren't dying down. no—one is sure how far they will go. what i see as much more likely is changes to the regime rather than regime change immediately. and changes to the regime are likely because the protesters have shown that there are fundamental changes to the iranians society which maybe was hidden behind below the surface until now and now that the changes are exposed, the islamic republic and its current configuration will have a hard time to govern. freedom for iran! mahsa amini! in london last night, a vigil to mark this month of defiance. to remember 22—year—old mahsa amini. it was her death which sparked this movement. say her name, say her name! mahsa amini!
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protests like this have been happening in cities across the world over the past month. what's happening now in iran and what happens next matters in many places, but the course of events inside iran will be decided there. lyse doucet, bbc news, london. communities in three australian states have been ordered to evacuate as torrential rain brings major flooding. at least 500 homes have been flooded. hundreds of homes have been swamped in parts of victoria, new south wales and tasmania. shaimaa khalil reports from sydney. victoria has been worst hit this week and this is what parts of australia's second biggest state look like now. stop. you're going to get wet. yes. several communities have been ordered to evacuate, including some in the state capital, melbourne. floods have swamped roads, forced school closures and cut power
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to 3000 houses and businesses. hundreds of properties have been inundated with rescue teams racing to reach those in urgent need to leave. in some areas, the only way to get around is by boat. melbourne residents are on edge as they brace for more damage. it's getting a little bit nerve—racking now. the water is getting close and yeah, we can see it in front of us. yeah, it's rising. the state premier daniel andrews said the number of flooded homes was certain to grow, calling it one of victoria's worst flood events in decades. more rain is forecast in the coming weeks, straining already swollen rivers and saturated ground in victoria and around australia. catastrophic floods have hit the country's east several times this year and experts say this has been worsened by climate change and el nino weather phenomenon. australians are getting used to the fact that these extreme
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weather events are becoming more frequent and more ferocious. shaimaa khalil. shaimaa khalil, bbc news, sydney. a quick look at some other stories and president putin says his call up target of 300,000 conscripts for his war in ukraine will be recent within two weeks. he said more than 220,000 had already been mobilised with 16,000 already engaged in fighting. he denied his objective was ending the existence of ukraine as a nation. the united nations says hunger and one of haiti's biggest slums has reached catastrophic levels. the world food programme declare the highest level of food insecurity in the country for the first time. it says nearly 20,000 residents of the city and the capital have dangerously little access to food and could face
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starvation. in the us, five people including an off—duty police officer have been shot dead with several injured in raleigh, north carolina. police say the subset has been arrested, understood to be a white male, juvenile, no motive to establish it. the actor robbie coltrane has died at the age of 72. he will probably be best remembered for his role as hagrid in the harry potter films as well as a couple of appearances in the james bond franchise. 0ur correspondent david sillito looks back at his life and career. 0h, hello. sorry, don't wish to be rude, but i'm in no fit state to entertain today. no—one going to get past fluffy. hagrid in harry potter — large, fond of a drink, a bit fierce, but blessed with a good heart. jk rowling said only one man could play him — robbie coltrane. well, i knew that she wanted me to play hagrid in the film, and then i heard that she actually imagined me as hagrid,
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which women imagine me all the time, you know. sorry, governor. apples and pears, tit for tat, i love london town. robbie coltrane was in the �*80s at the heart of what was then called alternative comedy. i went into the video shop yesterday, you know, and i was disgusted. political, anti—establishment, a worldview that was, for him, forged at school. i am talking about the three—hour video of the pope's visit. glenalmond, one of scotland's most prestigious public schools. they teach you manners and things like that and i'm all for that, but really, what they do is teach you to assume a role in the class system, which is naturally at the top, your role in the class system, which is naturally at the top, and alienates you deeply from almost every other sector of the community. a guyjust admits to being nuts about you and go out to buy toothpaste. anthony mcmillan became robbie coltrane, actor.
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i'm going out to get us some, bye! come back here, dammit! tutti—frutti showed how good he was. don't get the stripey stuff. it stings my gums. but cracker was his perfect role. i owe you an explanation. think aaain. an apology. you owe me nothing. my life's a bit of a mess. i had the wonderful time. he played a criminal psychologist, another troubled, heavy drinking man with a heart of gold. he won the best actor bafta three times. he wouldn't be able to resist it. he would have it pinned up on his will. there are some questions so obvious nobody bothers to ask them. he had a carefully guarded private life. this is our only chance to go straight. the killer is not on the dole.
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ido i do identify with him and some ways. i do sometimes get a flow where nothing will stop me. usually when i've had a few, to be quite honest, i quite identify with that. i am dead if i with his impatience with people being insincere. —— i identify. this is our only chance to go straight! i terminated my uninterrupted categorise ation of... there was a certain edge to robbie coltrane. big, tough, clever, funny, vulnerable. that's what made him so compelling to watch. the actor robbie coltrane, who has died at the age of 72. don't forget you can get in touch with me and some —— we have plenty more coming up. in the meantime, you can get in touch with me and the team on twitter.
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we'll see you shortly. good evening. friday brought us a mix of weather types — we have some clear blue sky and some sunshine, but also plenty of showers around, too. that was the recipe for lots of rainbows. here was the scene in roybridge highland as we ended the day. as we move through the course of the weekend, things are turning fairly unsettled, so it's often going to be quite breezy for the weekend. yes, some rain around at times, but certainly not a wash—out — some drier, brighter weather, particularly by the time we get to sunday. for the here and now, we are between weather fronts. first batch of showers moving away towards the east, so clear spells for many, particularly through the first half of tonight — that's where temperatures will fall lowest. could be a touch of frost in the north, but later in the night, the winds pick up ahead of this rash of showers rattling in from the west to start your saturday morning.
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so, plenty of quite heavy downpours, some thunderstorms possible for parts of scotland, northern england, into wales first thing as well. that area of showery rain edging eastwards, some showers for east anglia and the southeast. once a clear way, a drier spell of weatherfor many, but from the west, the winds pick up once again during the afternoon and there'll be more showers arriving across parts of northern ireland, northwest scotland and parts of england and wales as well. we could see gusts of wind around about 30 to close to a0 mph towards exposed coasts and hills in the west, and temperatures will be somewhere between about ten in lerwick to around 17 down towards norwich and london. now, moving through saturday night into sunday, low pressure's still with us, still unsettled spell of weather. that low pressure's sitting to the north and really tight isobars you can see there, so that means a windy spell of weather first thing sunday morning with more showers coming in, particularly for the north and west of scotland. they ease away, the winds fall a little lighter through the day, so plenty of dry weather with some sunshine on offer for sunday. later in the day, gales developing once again out towards the southwest ahead of this area of rain, but it'll arrive late in the afternoon and on into the evening.
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but for much of the day, fair amount of dry weather and it's going to feel reasonably pleasant, around 10—18 our top temperatures north to south. that area of low pressure approaching from the southwest, could be some heavy showers ahead of it, too. that's going to sweep its way gradually eastwards and northwards across the uk, so a spell of wet weather as we head through into monday. monday itself, we're likely to still see some blustery showers in the far northwest, perhaps a bit more cloud and the odd spot of light rain in the southeast, too, but most areas looking generally dry and bright with some sunshine. highs around about 12—18 degrees and that settled weather continues into tuesday, too. bye— bye.
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sombre but... hello and welcome to the programme which, for the last 25 years, has been the place where the uk's leading political commentators debate the big themes of the week. alongside them, the foreign correspondents who blog, pod, broadcast, and yes even these days write for audiences back home from the dateline: london. it may be our final edition but we're still looking forward not back leaders and their future. after liz truss told herfinance minister, the chancellor kwarsi kwarteng, to go, how long before british conservatives force her to do the same? biden or trump?
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