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tv   Newswatch  BBC News  October 14, 2022 8:45pm-9:00pm BST

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, in the markets, 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. sr expectation rates of where market but that was risky. s;r3, 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 - 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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also taking exception to the coverage of the following mornings in radio four was the business secretary to caprice smog, speaking to michelle. i’m secretary to caprice smog, speaking to michelle. �* , ., , ., to michelle. i'm trendy to get your view on what _ to michelle. i'm trendy to get your view on what many _ to michelle. i'm trendy to get your view on what many people - to michelle. i'm trendy to get your view on what many people regard | to michelle. i'm trendy to get your i view on what many people regard as to michelle. i'm trendy to get your - view on what many people regard as a very invested competent picture that's been sparked by the many budget. that's been sparked by the many budaet. , , , , �*, that's been sparked by the many budaet. , , ,, budget. use suggests it's causal, which is a speculation, _ budget. use suggests it's causal, which is a speculation, what - budget. use suggests it's causal, which is a speculation, what is i which is a speculation, what is caused — which is a speculation, what is caused by— which is a speculation, what is caused by the pension funds because of some _ caused by the pension funds because of some quite high—risk but low probability investment strategies is not necessarily the many budget can could _ not necessarily the many budget can could just _ not necessarily the many budget can could just as easily be the fact that the day before, the bank of england — that the day before, the bank of england did not raise interest rates is much _ england did not raise interest rates is much as— england did not raise interest rates is much as the federal reserve did they think— is much as the federal reserve did they thinkjumping to conclusions
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about— they thinkjumping to conclusions about causality is not meeting the bbc's _ about causality is not meeting the bbc's requirement for impartiality. jacob _ bbc's requirement for impartiality. jacob rees—mogg. and we heard of kwasi kwarteng's sacking. well, it is been a busy week for what is been the business and economics unit and now the money, technology and data department but it's editor has spent time and thank you for coming on news watch. and being sexist chancellor and already some viewers have said that they feel the need that the media has contributed to his departure. imilieu contributed to his departure. when ou have a contributed to his departure. when you have a story — contributed to his departure. when you have a story which _ contributed to his departure. 71ng you have a story which started contributed to his departure. wiefi you have a story which started with
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the pound being at a record low against the dollar event that spike government borrowing at the bank of england and intervention up to £65 billion in government u—turns, think this is a story that is very dramatic in its own right but that the media contributing to that. it’s the media contributing to that. it's been very volatile time for a couple of weeks now and not all the data, economic data out there is disastrous. as the bbc been too quick since the many budget to jump on only the bad figures? i quick since the many budget to “ump on only the bad figures?�* on only the bad figures? i think there's a real _ on only the bad figures? i think there's a real world _ on only the bad figures? i think there's a real world impact - on only the bad figures? i think there's a real world impact of. there's a real world impact of what's happening in the past few weeks in terms of mortgage costs for people and be seen in some being withdrawn from the market and also reported on some of the more positive aspects of what's happened in terms of better savings, returns in terms of better savings, returns in the pound being good for exporters. in the pound being good for “porters— in the pound being good for exorters. �* “ , exporters. and some say the bbc is blamin: exporters. and some say the bbc is blaming everything _ exporters. and some say the bbc is blaming everything on _ exporters. and some say the bbc is blaming everything on the - exporters. and some say the bbc is blaming everything on the new- exporters. and some say the bbc is i blaming everything on the new budget there are other factors, such as the word ukraine, global inflation
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affecting interest rates and markets overreacting. i affecting interest rates and markets overreacting— overreacting. i think we've acknowledged _ overreacting. i think we've acknowledged there's - overreacting. i think we've acknowledged there's a i overreacting. i think we've - acknowledged there's a number of factors in this, not least the dollar and what the federal reserve is doing right interest rates. but i think we also need, warmer looking at impartiality with the bbc, you have to examine the evidence and i think we will struggle to find that many economists that there is no link between heaven and the many budget and what subsequently happened in the market and so, the government itself, kwasi kwarteng acknowledged that this many budget have caused some turbulence. intervention impartiality, jacob rees—mogg accuse the today programme being interviewed of perhaps not being interviewed of perhaps not being impartial. what is your response? we being impartial. what is your re5ponse?— being impartial. what is your resonse? ~ ., response? we acknowledge the global factors and what _ response? we acknowledge the global factors and what had _ response? we acknowledge the global factors and what had happened - response? we acknowledge the global factors and what had happened and i factors and what had happened and the strong dollar and the federal reserves interest rates as part of the story but, we have to balance the story but, we have to balance the strength of the arguments that's
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part of what impartiality is all about we have to ask and as i say, the most economists would acknowledge that there is a link between what happened in the many budget what subsequently happened in the markets. bud budget what subsequently happened in the markets. �* . , , the markets. and many viewers will no previous — the markets. and many viewers will no previous economic _ the markets. and many viewers will no previous economic crises - the markets. and many viewers will no previous economic crises being l no previous economic crises being picked stories in the news in 2008 in the 1992 crashing out of the erm, my first economic crisis as journalists, possibly 1972's budget and i wonder how unprecedented the challenge of covering the current rapidly changing economic situation is. �* ., _ rapidly changing economic situation is. �* ., , rapidly changing economic situation is. ., , �*, rapidly changing economic situation is. ., , is. but i would say is it's been extremely _ is. but i would say is it's been extremely challenging - is. but i would say is it's been extremely challenging and i is. but i would say is it's been i extremely challenging and i think the speed of the story changing in the speed of the story changing in the market reaction, to try to emphasise what it means for audiences with the real world impact is but it's only been the most challenging story of covered in my career. d0 challenging story of covered in my career. , ., challenging story of covered in my career. ,, �*, challenging story of covered in my career. �*, ., challenging story of covered in my career. h . , career. do you feel there's a slight dancer of career. do you feel there's a slight danger of them — career. do you feel there's a slight danger of them feeding _ career. do you feel there's a slight danger of them feeding that i career. do you feel there's a slight danger of them feeding that cover| danger of them feeding that cover social media and you can put this on
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social media and you can put this on social media and you can put this on social media feeds very easily. you can and we — social media feeds very easily. you can and we have _ social media feeds very easily. ym, can and we have to choose your words very carefully because we do not want to add any sense of panic in the markets or even with audiences as well. so, i think we have reported carefully and holding those two account and acknowledge all the other factors at play as well. and what the public thing, the challenges of economic reporting and an audience, there is some research that came out last week in the press. it that came out last week in the ress. . ., ., , press. it revealed that many in the ublic do press. it revealed that many in the public do not _ press. it revealed that many in the public do not understand _ press. it revealed that many in the public do not understand terms i press. it revealed that many in the i public do not understand terms such as inflation, gdp and the deficit and is doing this, use those terms all the time come is that a concern in trying to get stories across? we we have a in trying to get stories across? - we have a history of the significance, we want everyone to be of to understand and we talk about all the time, yesterday, i was involved in a conversation with my team of the 2008 global financial
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crisis and some of the audience do not understand that some ended up talking about how as we describe it. we talk about the recession and that's problematic for some members of the audience we ended up talking about when global banking system almost collapsed and so come over having these conversations all the time in their informing our judgements. if you look at our website, we have lots of simple explainers around and what is the office for budget responsibility and i think give an example and the business presenters, we have a noose around very recently talking about the markets and would have been going on in the markets because we want that audience to understand. thank you so much. it was announced backin thank you so much. it was announced back in april that dateline london the discussion programme on the news channel that launched in 1996 would be coming to an end. viewers then
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begged the bbc to reverse the decision. but there has been no reprieve and as sean said at the end of last week in's programme, this weekend will be the final edition. thank you all very much. thank you for being in dateline for many years you would not be with us at the next week but we hope you will be with us for the final edition after 25 years, will have at least one guest right of the study will be joining me next week. bring them together uk journalists and foreign correspondence in this country to hear their perspectives on current news stories. in a loyal audience that includes vanessa who has this message. we that includes vanessa who has this messaue. ~ . , that includes vanessa who has this messaue.~ . , , message. we are very disappointed that the bbc _ message. we are very disappointed that the bbc is — message. we are very disappointed that the bbc is removing _ message. we are very disappointed that the bbc is removing dateline i that the bbc is removing dateline london. we have thoroughly enjoyed the short 30 minute programme in which national and international journalists discuss what topics.
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having lived in various locations around the world, it is interesting to hear the views of other nationalities covering their own countries in giving their perspective on what is happening in britain. there are independent and impartial views are extremely valuable. . , , , valuable. that fw represents many viewers who _ valuable. that fw represents many viewers who feel _ valuable. that fw represents many viewers who feel the _ valuable. that fw represents many viewers who feel the bbc - valuable. that fw represents many viewers who feel the bbc should i valuable. that fw represents many i viewers who feel the bbc should have rethought the cancellation at a time or international tensions are greater than ever. the bbc has said it has nothing to add to this statement that it gave back in april in response to complaints about the programme's demise. finally, there is no immediate end in sight for the conflict in ukraine and no let up in its intensity. on
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monday morning, they're speaking to hugo and kyiv about russia's response to the attack on a bridge leading to crimea when this happened. ads, leading to crimea when this happened-— leading to crimea when this ha ened. �* , ., ., ., leading to crimea when this hauened. �* , . . . ., happened. a residential area of the ci , a happened. a residential area of the city. a major _ happened. a residential area of the city. a major city — happened. a residential area of the city. a major city in _ happened. a residential area of the city, a major city in the _ happened. a residential area of the city, a major city in the south i happened. a residential area of the city, a major city in the south of i city, a major city in the south of the country, very close to the front lines was hit and more than a dozen. hugo, our correspondent obviously for obvious reasons taking cover that point. speaking for many viewers who saw that many tweeted this. thank you for all of your comments this week in front to share your opinions and what you see or hear on bbc news on tv, radio, online, e—mail news watch at bbc you can
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find this on twitter. you can call us and to have a look at interviews on our website. that is all from us and will be back to hear your thoughts on bbc news coverage again next week. goodbye. found the recipe for lots of rainbows. as we ended the day in as he move through the course the weekend, things are turning fairly unsettled and will be quite breezy for the weekend and yes, some ran around at times but certainly not a wash—out with some drier and better weather, particularly by the time to get the sunday. we are between weather fronts. get the sunday. we are between weatherfronts. that get the sunday. we are between weather fronts. that shower moving towards the east and a clear spell for many and particularly through the first half of tonight, that's
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her temperatures will fall low leader in the night, the winds pick a bed of this rash of showers that are battling in from the west to start your saturday morning. heavy downpours and thunderstorms possible for parts of scotland, northern england down to wales, that area of showers and rain edging eastwards and some for east anglia in the southeast. once they clear way, drier spell of weather for many but from the west, the winds pick up once again during the afternoon and will be more showers arriving across parts of northern ireland, northwest, depositing the end of england and wales as well. it's a gust of wind around close to a0 mph towards the coast and somewhere around ten to around 17 down to norwich in london. but moving in, there is still an unsettled spell of weather and to the north and really tight as a boy she can see there and when he spell of weather on sunday morning with more showers coming in particularly for northwest in scotland and a little later to the date of some plenty of room with
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some sunshine on offer for sunday, later in the day, gals developing once again i towards the southwest and out of this area of rain for this developing into the evening. of much of the day, of dry weather it's going to feel reasonably pleasant around ten to 18 with our top temperatures north to south. that area of low pressure pushing the southwest could be some heavy showers and i will sweep its way gradually eastwards across the uk and so spell about whether as we had through into monday and monday and monday it's of likely still see some blustering showers the far northwest. perhaps a bit more cloud and the odd bit of light rain in the southeast but most areas looking generally dry and bright with some sunshine and highs of around 12 to 18 degrees and that's a good weather continues into tuesday too. bye—bye.
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this is bbc news with the latest headlines for viewers in the uk and around the world. 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 with bringing the financial turmoil under control.
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