tv BBC News BBC News October 14, 2022 9:00pm-9:30pm BST
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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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also in the programme... iran's supreme leader warns no one can overturn the islamic republic — as protesters again fill the streets of zahedan. and the actor, robbie coltrane, who played hagrid, in the harry potter films — has died aged 72. hello and welcome. less than 2a hours after kwasi kwarteng insisted he was 100% safe in hisjob as uk chancellor — he has gone — sacked by liz truss after he flew back early from washington. in a day of political drama, the prime minister also reversed another of her key tax policies in an attempt to calm the financial markets. my colleague geeta guru murthy has
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the latest from downing street. three weeks of turmoil on the financial markets is turned up for this. 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. 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,
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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, 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, followed by the sack is how his friday went.
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should the prime minister go next, mr kwarteng? hello, good afternoon. the formalities look like this. in his letter to now pm. 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... it's three week since the now former chancellor set out his planned tax cuts.
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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
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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 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? - a difficult day, can you explain why
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you think you should remain as prime minister? will you apologise to your party? 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.
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hanks by thread. and he says it has catastrophic episode. why are the conservatives inflicting this economic and political chaos on the uk given the vast majority of the public does not get a chance even to vote for liz 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 prime 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 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 caused the market turmoil he should go but she should say. that is not something she has even
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attempted to answer yet. maybe there isn't an answer. are you hearing of manoeuvres by members of the conservative party to move against her? i hear them reported on your 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's 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... 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 can all name names, but i am not going to do them on this programme. the fact is that i would
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certainly say that if the prime minister agrees a step down one, or is required to step down and 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, sensibly that we could not have six weeks to work out who the next trimester was in the that is a very poor system and must not be 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? there's no reason for having a general election as long as you have a pm or who has the confidence and the majority of the house of commons. technically true but in broad democratic terms, can the conservatives really change leaders twice without asking the public what they think? the short answer is yes.
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we are a parliamentary system. it is not a pm 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 political 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 you very much indeed forjoining us. 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
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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. 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. that prompted turmoil on the financial markets. willa new chancellor and another major u—turn help calm the situation? our business editor simonjack is here. 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,
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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. billion. 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 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. borrowing costs are
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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 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
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of buying their first home. through mortgages it feels like petrol station prices quick to go up in slug the bike down and despite the u—turn in the budget i feel like the damages is already been done. so the damages is already been done. sr for us we would have to the damages is already been done. srs for us we would have to pay around £700 in one hour a month than three weeks ago. this really makes us reassess all of the criteria when it comes to buying ourfirst home, when it comes to location, number of bedrooms public transport to all of that. stay with us on bbc news, still to come. harry potter and cracker actor
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robbie coltrane has died aged 72 parts of san francisco least affected by the earthquake are returning to life, but in the marina area where most of the damage was done, they're more conscious than ever of how much has been destroyed. in the 19 years since he was last here, he's gone from being a little—known revolutionary to an experienced and successful diplomatic operator. it was a 20—lb bomb that exploded on the fifth floor of the grand hotel, ripping a hole in the front of the building. this government will not weaken. | this catholic nation held their breath for the man they called the 33 and then bells told nationwide to announce the first rescue and chile
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let out an almighty war. this is bbc world news, the latest headlines. liz truss has announced another u—turn in her government's tax—cut plan, in an effort to reassure financial markets. it comes after the prime minister sacked her chancellor, kwasi kwarteng, and replaced him with former healthjeremy hunt. 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.
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joining me is the bbc�*s yasmin khatun dewan. of course this all started with the death of the young woman of breaking herjob rules. yasmin, why has the hijab become such a central part of these protests? in the context of what we are seeing over the protests that have been taking place in the last five weeks as you have mentioned, the headscarf has become symbolic of control exerted by the regime. the reason why i say headscarf as opposed to hijab mac is headscarf is one specific element of the broader islamic tradition. it is an obvious visual marker. so women taking off his headscarves during his protest, burning them, women and girls it sends a very clear message to the authorities. it began with the death
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of mahsa amini detained by iran's morality police. because of the way she wore her headscarf. so she was wearing it but she was detained because of the styling and the way she were had applied it. so by removing it they are directly challenging the converse story hijab laws in the country. the morality police in iran as they are called are over these laws. they are seeking more than a change to the job laws but within his framework that headscarf has become a heightened political symbol of how the regime exerts its control. it is
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a la ered the regime exerts its control. it is a layered issue — the regime exerts its control. it is a layered issue that distinction between headscarf and hisjob but this is not the only instance where the hijab has become political lies does it? . ., ., , ., does it? headscarf for women is a h er does it? headscarf for women is a hyper visual- -- — does it? headscarf for women is a hyper visual... so _ does it? headscarf for women is a hyper visual... so in _ does it? headscarf for women is a hyper visual... so in countries - hyper visual... so in countries where there are different forms in place or in the context of iran where there are these compulsory hijab laws. it holds greater meeting because of its religious, to connotation. interestingly in iran looking at these protests referencing these hijab bans in other countries is the same fight, one for individual autonomy in the right to choose. imilli one for individual autonomy in the right to choose.— one for individual autonomy in the right to choose. will you will leave
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it there good _ right to choose. will you will leave it there good to _ right to choose. will you will leave it there good to get _ right to choose. will you will leave it there good to get your _ right to choose. will you will leave it there good to get your insight,. | 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, 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.
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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 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're going out to buy toothpaste. anthony mcmillan became robbie coltrane, actor. i'm going out to get us some, bye! come back here, dammit! it stings my gums. but cracker was his perfect role. i owe you an explanation. think again. an apology. you owe me nothing.
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he played a criminal psychologist, another troubled, heavy drinking man with a heart of gold. 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. my my days weren't spentjust making one clever remark went after another. 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. this is our only
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chance to go straight! the colours not on the door you're not up and about at 730 if you are unemployed. i terminated my uninterrupted categorise ation of... there was a certain edge to robbie coltrane. that's what made him so compelling to watch. the actor robbie coltrane who has died at the age of 72. 0ne one more thing he spent his career fighting in the world weight class but now many patio made the transition to lightweight appearing via hologram to promote a charity exhibition match. he via hologram to promote a charity exhibition match.— exhibition match. he retired from professional— exhibition match. he retired from professional boxing _ exhibition match. he retired from professional boxing last - exhibition match. he retired from professional boxing last week -- | professional boxing last week —— year to run for presidency in his home country. we will see him square
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off with korean youtube or to raise money for both countries to raise money for both countries to raise money for the philippines. thank you for watching. 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 showers rattling in from the west to start your saturday morning. so, plenty of quite heavy downpours, some thunderstorms possible for parts of scotland,
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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 in a day of political drama, the british prime minister, liz truss, has sacked her finance minister and reversed another of her key tax policies in an attempt to calm iran's supreme leader has warned thgat no one can overturn the islamic republic — as protesters again filled the streets of zahedan. activists have called on protesters to stage huge rallies on saturday. the scottish actor robbie coltrane, best known for playing the giant hagrid in the harry potter series, has died at the age of seventy—two.
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