tv BBC News BBC News October 14, 2022 8:00pm-8:46pm BST
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this is bbc news. i'm geeta guru murthy at downing street. saying goodbye afterjust 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, jeremy hunt, is now tasked
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with bringing the financial turmoil under control. also in the programme. iran's supreme leader warns no one can overturn the islamic republic — as protesters again fill the streets of zahedan. communities in 3 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. less than 2a hours after kwasi kwarteng insisted he was 100% safe in his job as chancellor — he has gone — sacked
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by liz truss after he flew back early from washington. 3 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 4th this year. our political editor chris mason is westminster. 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
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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, 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 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,
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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. in reply, liz truss wrote they shared the same vision and "i'm deeply sorry to lose you from the government.". jeremy hunt is a former health secretary and foreign secretary, and has tried to become leader himself twice. 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...
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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, 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.
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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 the prime minister, but she only asked four of us to ask one. chris mason. excuse the bluntness, prime minister, 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? -
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a difficult day, can you explain why you think you should remain as prime minister? will you apologise ? her answers were similar to the one i got and then that was it. 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. so the prime minister says she still wants to achieve a "low—tax, high—wage, high—growth economy" but she has accepted that her mini budget went faster and further than many had expected.
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that prompted turmoil on the financial markets. willa new chancellor and another major u—turn help calm the situation? our business editor simonjack has been analysing the numbers. 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. first, abolishing the 45p tax rate for high earners — scrapped — saving £2 billon. proceeding with a big rise in corporation tax they had planned to scrap — saving £18 billion. and bringing forward the independent budget watchdog report from late november to late october. this is how the financial markets have responded. this shows how much it cost
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the government to borrow money for the long term, this is the 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. tonight, 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, 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
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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. 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 unfolded in westminster. and at this town centre coffee shop talk of political turf my honourable friend did filter there.
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——turmoil 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'll 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 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. they're out to get rid of her. it's pressure from all around, just to get rid of who's in power at the moment. boris should have stayed. in this rural part of 0xfordshire, witney has been considered a safe conservative seat, one the domain of david cameron. this deputy chairman of the local party who didn't back liz truss but was willing to get behind
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her is now concerned. we're the ones knocking on doors, delivering leaflets, we need a stable government. if, and it's still a big if, if tory mps did decide to replace her with someone else, how would the members feel about that, if they didn't get a say? 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 on 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 and the uncertainty that brings. but in 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,
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it is voters who will ultimately decide if there comes a point when time's up for her party. alex forsyth, bbc news, witney. sir malcolm rifkind is a former conservative minister under margaret thatcher and john major. thank you forjoining us this evening. is the prime minister finished in your view? it’s evening. is the prime minister finished in your view?- finished in your view? it's too earl to finished in your view? it's too early to say — finished in your view? it's too early to say for _ finished in your view? it's too early to say for certain. - finished in your view? it's too early to say for certain. i - finished in your view? it's too - early to say for certain. i thought was right that the chancellor should be change though, i have a lot of respect for kwarteng. i have to else i watch the prime minister is broadcast and ifind it i watch the prime minister is broadcast and i find it deeply disturbing. because the nation being put to the stage is a sure sign of the leadership unable to understand the leadership unable to understand the gravity of the situation. the only four questions that she allowed
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from the press is why kwarteng should go but she should stay. there may be an answer but we didn't hear any attempt. she simply repeated and any attempt. she simply repeated and a robotic fashion which he had already set in her original statement.— already set in her original statement. ., ., ., statement. former leader of the conservative _ statement. former leader of the conservative party _ statement. former leader of the conservative party hague - statement. former leader of the conservative party hague says . statement. former leader of the - conservative party hague says truss position hangs by a thread in it has been a catastrophic episode. why are the conservatives inflicting this economic and political chaos on the uk given the vast majority of the public did not get a chance even to vote for truss. i public did not get a chance even to vote for truss.— vote for truss. i think your final oint vote for truss. i think your final point carries — vote for truss. i think your final point carries much _ vote for truss. i think your final point carries much weight. - vote for truss. i think your final - point carries much weight. whenever there is a change in prime minister, labour or conservatives you don't have a general election to do side who is part minister. that is decided by the mps by themselves or in the party membership. that is the way we have done in britain they may not be the best system but i can't think of a better one. but he is correct the prime ministers position
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remains vulnerable. she has to able to demonstrate why her personal tenure on the office of prime minister is so crucial, that although she was hand in glove with the chancellor and the policy that has because the market turmoil he should go but she should say. that is not something she has even attempted to answer yet. maybe there isn't an answer. pare attempted to answer yet. maybe there isn't an answer-— isn't an answer. are you hearing of manoeuvres _ isn't an answer. are you hearing of manoeuvres by _ isn't an answer. are you hearing of manoeuvres by members - isn't an answer. are you hearing of manoeuvres by members of- isn't an answer. are you hearing of manoeuvres by members of the i manoeuvres by members of the conservative party to move against her? i conservative party to move against her? . ,., ., , ., her? i cured them reported on your programme — her? i cured them reported on your programme i'm _ her? i cured them reported on your programme i'm not _ her? i cured them reported on your programme i'm not in _ her? i cured them reported on your programme i'm not in the - her? i cured them reported on your programme i'm not in the house i programme i'm not in the house of commons so i'm not hearing them directly but i am not surprised. inevitably, two things at stake here not to the question of the conservative party is future but how quickly we end this market turmoil and enabled the economy to behave in a more normal situation and bring relief for pensioners and others who are affected by these changes. so iii
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are affected by these changes. so if liz truss was to be replaced do you have someone in mind that would be better suited to try to bring some common unity? we better suited to try to bring some common unity?— better suited to try to bring some common uni ? ~ . ., ., , common unity? we can all name names, but i am not _ common unity? we can all name names, but i am not going _ common unity? we can all name names, but i am not going to _ common unity? we can all name names, but i am not going to do _ common unity? we can all name names, but i am not going to do them _ common unity? we can all name names, but i am not going to do them on - but i am not going to do them on this programme. the fact is that i would certainly say that if the prime minister grace a step down one, or is required to step down and the members of parliament must be the members of parliament must be the people who take the decision and do so over days and not weeks and months. the matter needs to be urgently resolved. we had this in situation when theresa may took over from david cameron that it was agreed that we could not have six weeks trench work out who the next trimester was in the that is a very poor system and must not be repeated. if poor system and must not be repeated-— poor system and must not be reeated. . ,, , repeated. if it happens can the conservatives _ repeated. if it happens can the conservatives credibly - repeated. if it happens can the| conservatives credibly continue without going to the country and calling for a general election even if the polling numbers look very bad for the moment of the conservatives?
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there's no reason for having a general election as long as you have a premise or who has the confidence and the majority of the house of commons. i5 and the ma'ority of the house of commons.— and the ma'ority of the house of commons. , . , , commons. is technically true but in broad democratic _ commons. is technically true but in broad democratic terms, _ commons. is technically true but in broad democratic terms, can - commons. is technically true but in broad democratic terms, can the i broad democratic terms, can the conservatives really change leaders twice without asking the public what they think? the twice without asking the public what the think? , ., ., , , twice without asking the public what the think? , ., ., , _ , they think? the short answer is yes. we are a parliamentary _ they think? the short answer is yes. we are a parliamentary system. - they think? the short answer is yes. we are a parliamentary system. it . they think? the short answer is yes. we are a parliamentary system. it is not a per minister who was elected at the general election it is a parliament. as long as there is a parliament, the majority which has the support of a particular party as prime minister and that is legitimate for the four years, until the next general election so there's nothing wrong or improper about that. every palooka system, presidential system in the united states or other democracies have flaws and anomalies but you try to do with the best way you can in the system that we have just served the uk well for a long time now. think ou ve uk well for a long time now. think you very much _ uk well for a long time now. think you very much indeed _ uk well for a long time now. think you very much indeed for - uk well for a long time now. think you very much indeed forjoining us.
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it has been an enormous tumultuous day and there are reports of people trying to move against the premise or changing the rules in order to try and unseat her in the question really is whether a very divided conservative party as they are at the moment, can unite between one or two people and therefore move in someone else instead whether they can credibly do that without going to the country. there is going to be a lot of continued political speculation and people watching the market's reaction in the coming hours and days. that is if for me here in downing street but much more in the coming hours. stay with us on we'll have more on uk politics later,
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and in moment we'll bring you the very latest on the situation in iran. where iran's supreme leader warns no one can overturn the islamic republic — as protesters again fill the streets of zahedan. parts of san francisco lease affected by the earthquake are returning flight but in the marine area where most of the image was done they are more conscious than ever of how much has been destroyed. in the 19 years since he was last year he is gone from being a little known revolutionary to a inexperience and successful diplomatic operator. it inexperience and successful diplomatic operator.- inexperience and successful diplomatic operator. it was a £20 bomb that exploded _ diplomatic operator. it was a £20 bomb that exploded on _ diplomatic operator. it was a £20 bomb that exploded on the - diplomatic operator. it was a £20 bomb that exploded on the grand hotel_ bomb that exploded on the grand hotel of— bomb that exploded on the grand hotel of ripping a hole in the front of the _ hotel of ripping a hole in the front of the building. this hotel of ripping a hole in the front of the building.— of the building. this government will not begin. _ of the building. this government will not begin. democracy - of the building. this government will not begin. democracy will i will not begin. democracy will prevaii — will not begin. democracy will prevaii iii— will not begin. democracy will revail. prevail. it filled me with the military and _ prevail. it filled me with the military and gratitude. i prevail. it filled me with the military and gratitude. to i prevail. it filled me with the i military and gratitude. to know prevail. it filled me with the - military and gratitude. to know that i military and gratitude. to know that i have _ military and gratitude. to know that i have been— military and gratitude. to know that i have been chosen... this military and gratitude. to know that i have been chosen. . ._ i have been chosen... this catholic nation held — i have been chosen... this catholic nation held its _ i have been chosen... this catholic nation held its breath _ i have been chosen... this catholic nation held its breath for _ i have been chosen... this catholic nation held its breath for the i nation held its breath for the man they call the 33. and then... bells
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told nationwide to announce the first rescue and chile let out an almighty war. this is news, the latest headlines 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 2 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's dangerous. brandishing headscarves, burning them can get you arrested. hundreds have been detained.
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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 longerjust about hijab. they don't want islamic republic with all of
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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. the supreme leader 83—year—old ayatollah khomeini has said little, but he is blaming the west. translation: these recent matters l are not home-grown and spontaneous. it is possible that the enemy used some pretext to pursue their agenda using provocative propaganda. those who back the government deny the islamic republic is at risk or even rattled. we see them everyday. that is factually incorrect. the united states and its allies try to undermine iran - in every possible way. iran is more than any of the , many of the countries in this region. i
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but these protests aren't dying down. no one is sure how far they will go. 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! protests like this have been happening in cities across the world over the past month. what is 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.
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communities in 3 australian states, have been ordered to evacuate, as torrential rain brings major flooding. at least 500 homes have been inundated. hundreds of homes have been swamped in parts of victoria, new south wales and tasmania. the bbc�*s, 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. several communities have been ordered to evacuate, including some in the state capital, melbourne. floods have swamped roads, forced school closures and cut power 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. what can we do we live they are a
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river— what can we do we live they are a river and — what can we do we live they are a river and it's — what can we do we live they are a river and it's a once—in—a—lifetime event _ 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. we know that even moderate rain events _ we know that even moderate rain events over — we know that even moderate rain events over the _ we know that even moderate rain events over the coming _ we know that even moderate rain events over the coming weeks i we know that even moderate rain| events over the coming weeks will present— events over the coming weeks will present challenges— events over the coming weeks will present challenges as _ events over the coming weeks will present challenges as well - events over the coming weeks will present challenges as well so i events over the coming weeks will present challenges as well so this| present challenges as well so this is with_ present challenges as well so this is with us— present challenges as well so this is with us for— present challenges as well so this is with us for a _ present challenges as well so this is with us for a while _ present challenges as well so this is with us for a while yet. - 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 weather events are becoming more frequent and more ferocious. shaimaa khalil, bbc news, sydney. that's all for us now we will have more _ that's all for us now we will have more on — that's all for us now we will have more on that— that's all for us now we will have more on that intense _ that's all for us now we will have more on that intense political- that's all for us now we will have i more on that intense political drama unfolding _ more on that intense political drama unfolding here —
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more on that intense political drama unfolding here in— more on that intense political drama unfolding here in the _ more on that intense political drama unfolding here in the uk— more on that intense political drama unfolding here in the uk stay- more on that intense political drama unfolding here in the uk stay with i unfolding here in the uk stay with us. good evening. friday brought us a mix of weather types — we had 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 through 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. so, plenty of quite heavy downpours, some thunderstorms possible
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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 they clear away, a drier spell of weather for 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 northern and western 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. but for much of the day, fair amount of dry weather and it's going to feel reasonably pleasant,
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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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this is bbc world news, the headlines saying goodbye afterjust 38 days, kwasi is the second shortest serving chancellor after being sexed by the prime minister. liz truss talks about the rising corporation tax going ahead. his secretaryjeremy hunt is not tasked with being in charge of bringing this term well under control. the iran supreme leaders as no one can overturn the islamic republic as protesters again feel the streets. islamic republic as protesters again fill the streets. died at the age of 72. those of the
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headlines on bbc news. you are watching bbc news. more now on our main story — less than 2a hours after kwasi kwarteng insisted he was 100% safe in his job as chancellor — he has gone — sacked by liz truss after he flew back early from washington for crisis talks. 3 weeks of turmoil on the financial markets has culminated in the prime minister announceing a second major u—turn on her economic plans for growth — corporation tax will now rise in april after all. she has sacked the chancellor and named a new one — jeremy hunt — the 4th this year. at a very short press conference this afternoon liz truss was repeatedly asked about her credibility as prime minister and why she was remaining in the job. there was a short question and answer session — she was first asked why she should
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stay in herjob — let's take a listen to what she had to say. iam i am absolutely determined to see through what i have promised. to deliver a higher growth, more prosperous united kingdom to see us through the storm we face an already deliver the energy press guarantee and making sure people are not facing huge bills this winter. but it was right in the face of the issues that we had that i acted decisively to ensure that we have economic stability because that is vitally important to people and businesses right across our country. she was then asked why she had decided the chancellor had to go when they designed the minibudget in lockstep together well, my priority is making sure that we deliver the economic
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stability in our country needs. that is why i had to take the difficult decisions that i have taken today. the mission remains the same and we do need to raise our countries economic growth levels and we do need to deliver for the people across the country and we are committed to delivering on the energy press guarantee which people are already seeing in their bills. ultimately, we also need to make sure that we have economic stability and i have to act in the national interest as prime minister. and the bbc�*s chris mason asked her what credibility she has to continue in government what i have done today is make sure that we have economic stability in this country. jeremy hunt as chancellor is someone who shares my desire for a high—growth low tax economy. but we recognise because of
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current market issues, we have to deliver the mission in a different way and that is what we are absolutely committed to do. achieving that stability and what is a very difficult time globally. sir roger gale is the conservative mp for north thanet, he's held that seat since 1983. let's start with getting a reaction from you from this dramatic political events that we have seen today. ihla political events that we have seen toda . ., ., , ., political events that we have seen toda. , ., �*, today. no one can deny that it's been extraordinary _ today. no one can deny that it's been extraordinary day. - today. no one can deny that it's been extraordinary day. and i today. no one can deny that it's i been extraordinary day. and getting on for a0 years and i can like it. unprecedented events that we have seen. but there is a question that liz truss was asked that she did not seem able to answer and that is why she should continue in government when she was stacking a chancellor
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and we heard earlier on this programme that they said she just did not answer that question about why kwasi kwarteng should go when she should stay when they develop these policies together. what is your response to that question though she did not answer the question and none of the four journalists that were questioning her, . , ~ , journalists that were questioning her, ., , , her, asked her why she sacked the chancellor- — her, asked her why she sacked the chancellor. given _ her, asked her why she sacked the chancellor. given that _ her, asked her why she sacked the chancellor. given that she - her, asked her why she sacked the chancellor. given that she said i chancellor. given that she said they are in lockstep and that they are pursuing the same policies, that they are going for growth that that is what she wants to pursue the fact that she and her chancellor presented the budget effectively together and signed off, by the prime minister and the first lord of the treasury and given all that, it is hard to understand why she sacked kwasi kwarteng. truths; is hard to understand why she sacked kwasi kwarteng-— is hard to understand why she sacked kwasi kwarteng. why do you think she sacked him? —
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kwasi kwarteng. why do you think she sacked him? i— kwasi kwarteng. why do you think she sacked him? ithink— kwasi kwarteng. why do you think she sacked him? i think brutally _ kwasi kwarteng. why do you think she sacked him? i think brutally and i sacked him? i think brutally and cruell , sacked him? i think brutally and cruelly. the _ sacked him? i think brutally and cruelly, the prime _ sacked him? i think brutally and cruelly, the prime ministers i sacked him? i think brutally andl cruelly, the prime ministers have sacked him? i think brutally and i cruelly, the prime ministers have a tendency to fight to the last drop of someone else's blood but that said, i think the appointment of jeremy hunt, who was secretary of state for health and not the easiest job for a very long time and the foreign secretary was a self—made businessman who understands economics and understands the city and understands business and is also probably one of the most mild—mannered and courteous members of the house and i think that appointment may prove to be a stroke of genius. if anyone can turn this around, i would suggest thatjeremy possibly can. d0 around, i would suggest that jeremy possibly can-— possibly can. do you think they'll be enough _ possibly can. do you think they'll be enough to _ possibly can. do you think they'll be enough to allow— possibly can. do you think they'll be enough to allow liz _ possibly can. do you think they'll be enough to allow liz truss i possibly can. do you think they'll be enough to allow liz truss to l be enough to allow liz truss to remain prime minister? the be enough to allow liz truss to remain prime minister? the “my is out. she remain prime minister? the “my is out. she is — remain prime minister? the “my is out. she is limp i remain prime minister? the “my is out. she is limp in i remain prime minister? the “my is out. she is limp in the i remain prime minister? thejury is out. she is limp in the prime i out. she is limp in the prime ministerforfive weeks
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out. she is limp in the prime minister for five weeks it seems hard to realise that, but it is true. and she had to deal with the death of her majesty the queen, which i believe most people would feel she had with dignity and grace under very difficult circumstances and she has placed her support to ukraine entirely properly and she has taken the trouble to attend, i think wisely, the european political meeting and mended some fences president macron. and it seems to me that it president macron. and it seems to me thatitis president macron. and it seems to me that it is a fine irony that having achieved all of those things, she is actually wrecked her own ship with this many budget. and jeremy hunt may be able to steer a better course they think she has got certainly at least until the dreaded halloween evening when they will report on the
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chancellor will make this report and if that works, then there may be some clear water add and if it doesn't, then i see only rocks. the economic programme, is it not in tatters now? it economic programme, is it not in tatters now?— tatters now? it is certainly something _ tatters now? it is certainly something to _ tatters now? it is certainly something to battering, i tatters now? it is certainly. something to battering, but tatters now? it is certainly - something to battering, but there are elements of the budget that is still in place in their tax cuts that are still in place and some that are still in place and some that remain in place and possibly a way forward. that, i think it's a matter for way forward. that, i think it's a matterforjeremy hunt to way forward. that, i think it's a matter forjeremy hunt to determine and pilot us through. if you can do that, the not only will he be doing the country a great service, but of course, you may be saving the prime minister. . ~ course, you may be saving the prime minister. ., ,, , ., , . ., minister. thank you very much for “oininr us minister. thank you very much for joining us in _ minister. thank you very much for joining us in analysis _ minister. thank you very much for joining us in analysis this - minister. thank you very much forj joining us in analysis this evening. let's cross live to gloucester — and speak to the conservative
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mp richard graham. we have just been hearing some rather critical comments with liz truss and her decision to stay on despite sacking her chancellor for reasons that have not been made very clear. j reasons that have not been made very clear. ~ , reasons that have not been made very clear. ~' , , . ., clear. i think my principal reaction toda is clear. i think my principal reaction today is not _ clear. i think my principal reaction today is not to _ clear. i think my principal reaction today is not to similar— clear. i think my principal reaction today is not to similar to - clear. i think my principal reaction today is not to similar to roger i today is not to similar to roger which is that we have a new chancellor in the shape ofjeremy hunt which is a huge experience of crisis management at this time of self secretary in foreign secretary and his role, i think, self secretary in foreign secretary and his role, ithink, will self secretary in foreign secretary and his role, i think, will be to deliver the growth plan and a way thatis deliver the growth plan and a way that is acceptable to parliamentarians and to the market and to achieve those three objectives on october the 31st with a budget and a plan on spending that makes sense and resonates with what
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most people think would be fair and sensible in the right way forward, that will hugely help prime minister liz truss. . , ., , ., ._ liz truss. there are people who may want their prime minister— liz truss. there are people who may want their prime minister to - liz truss. there are people who may want their prime minister to step i want their prime minister to step aside seeing that they made many of the decisions alongside kwasi kwarteng but staying on the job, does she have the credibility not to does she have the credibility not to do that? i does she have the credibility not to do that? . , ., .., , ., do that? i have set a couple of times that _ do that? i have set a couple of times that the _ do that? i have set a couple of times that the statement i do that? i have set a couple of times that the statement on . do that? i have set a couple of i times that the statement on the 31st is incredibly important and i do think there is some room for manoeuvre and we begin to hear on monday in the emergency bill that provides the energy guarantee for people at home and support for non—domestic users in schools and so on, i think we'll hear something about a different way of calculating the costs from renewable energy providers no recent funds for public
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finances, there are other things that can be changed in the statement, including the tax changes on dividends and all of this would help balance what he is going to present in a more attractive way and possibly reduce the amount of savings that we will need to have found from spending departments. but just how damaging are these political offence for the prime minister was met the chancellor sacked, various u—turns on policy and i'm wondering, what are your constituents making of this? anyone followin: constituents making of this? anyone following the — constituents making of this? anyone following the events _ constituents making of this? anyone following the events in _ constituents making of this? anyone following the events in the _ constituents making of this? anyone following the events in the last i following the events in the last three days would find it a pretty dramatic roller coaster. but in truth, very few people really remember the details of political u—turns. who can remember exactly george osborne changed his budget in 2012 now, what matters. tonight george osborne changed his budget in 2012 now, what matters.— 2012 now, what matters. want aren't we seeinr 2012 now, what matters. want aren't we seeing an — 2012 now, what matters. want aren't
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we seeing an unprecedented - 2012 now, what matters. want aren't we seeing an unprecedented change| we seeing an unprecedented change and in this particular occasion, they said they have not seen anything like this in many years. i think we can all agree with that but we haven't seen things like pandemics and russian invasion of ukraine since the second world war. i mean, these are extraordinary times and we will see volatility and interest rates rise and so, i'm afraid the pace of events is much faster and much more dramatic than we're used to and of course, anyone would be astonished watching all of this in slow motion. but what we would do is focus on the immediate task at hand which is reassuring these parliamentarians that we have a steady hand to see this through and that should have a positive effect on markets and in the wider country and the mortgages and possibly have them up for renewal. a lot of good work to be done and i think the combination ofjeremy hunt possible his experience guiding the
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growth plan that the prime minister is laid out, i think, should make a difference. but we will see. tf confidence that liz truss will be able to stay on as prime minister? yes is the short answer. but no one as a complete crystal ball and invariably what determines this is going to be events is going to be all sorts of positive and negative events that one could imagine happening and politically and militarily averages going out to see but one thing i would say is that the prime minister is very resilient. she is very energetic, she's been underestimated for life or political career and she's determined to make success of this and now has someone working beside his chancellor was also been through an awful lot in his many years and the council and so, we have two very experienced people there and i'm sure that they will give their very best shot. . ~ sure that they will give their very best shot. ., ,, , ., , sure that they will give their very
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best shot. . ~' , ., , . now on bbc news, newswatch. hello and welcome to news watch. is bbc news making too much of a country economic difficulties and link to many of them at the government store? and after over 25 years, the final addition of dateline london is broadcast this weekend and is a smart decision by the bbc to close it down now? three weeks now after the x chancellor kwasi kwarteng many budget, the economic followed has not been good. in common with most of the media, bbc news bulletin since then have been full of financial trauma and
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doom. turmoil in the markets, turmoil and for britain in early morning plunge and the amount of the poundin morning plunge and the amount of the pound in your pocket to debts never seen before with impacts on petrol, food prices, mortgage costs and across the economy. it will make the chancellor unveiled this in the market but that was risky. 50. market but that was risky. so, expectation — market but that was risky. so, expectation rates _ market but that was risky. srr, expectation rates of market but that was risky. 557, expectation rates of where things are growing went higher. fist expectation rates of where things are growing went higher.- are growing went higher. at the heart of this _ are growing went higher. at the heart of this is _ are growing went higher. at the heart of this is credibility i are growing went higher. at the heart of this is credibility and i heart of this is credibility and there's— heart of this is credibility and there's no sign of the market is convinced — there's no sign of the market is convinced by the economic strategy and borrowers are paying the price. there's plenty to worry about but has bbc late the negativity thick and blame too much of it on that many budget? robert thought so and wrote a few weeks ago...
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