tonight at ten — a second major tax u—turn and the sacking of the chancellor —

but liz truss remains under pressure from the markets and her own mps. at a press conference in downing street, she acknowledged the market turmoil and said a rise in corporation tax would now go ahead. 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. called back from washington — only to be fired — the now former chancellor kwasi kwarteng — in office for less than six weeks. his replacement, the former health secretary, jeremy hunt. he is the fourth uk chancellor since the summer. ~ , ., , ., summer. the prime minister has now been two planks _ summer. the prime minister has now been two planks of— summer. the prime minister has now been two planks of her— summer. the prime minister has now been two planks of her programme i summer. the prime minister has now| been two planks of her programme for government and her chancellor. the question tonight is can she survive?

after a day of dizzying developments in westminster, we'll be looking at where this leaves the government's economic plan. also on the programme... the faces of some of the children and young people who've been killed in the protests sweeping iran — we have a special report. the rugby world cup in england kicks off tomorrow — with the men's, women's and wheelchair tournaments taking place at the same time. sorry, don't wish to be rude but i'm in no fit state to entertain today. and the star of harry potter and cracker robbie coltrane has died aged 72. and coming up on the bbc news channel, hailed as the most inclusive rugby league event ever, we bring you all the build—up to the world cup ahead of tomorrow's opening game. good evening. the prime minister remains under

intense pressure tonight — after announcing another major u—turn on tax and firing her chancellor — as her economic growth plan and her political credibility are called into question. following three weeks of turmoil on the markets after the government's mini budget last month, liz truss announced that a rise in corporation tax would now go ahead — and she sacked kwasi kwarteng and replaced him withjeremy hunt. in a press conference lasting less than nine minutes, ms truss was asked four times why she was remaining in herjob — and some conservative mps are privately suggesting that she should resign. for our first report tonight, let's go straight to our political editor, chris mason, in downing street. you may just have you mayjust have noticed that politics has skipped along at quite a pace over recent years. here is the thing, the pace is getting quicker and quicker. a new chancellor has become a former

chancellor whilst still being called a new chancellor. the very prospectus of a new prime minister, large chunks of it are fed into the shredder within weeks. and that is why tonight, hovering in the air around westminster, there are big questions about the prime minister's turning up for another u—turn, the prime minister invited reporters to downing street this afternoon and scrapped one of her key policies that she's championed for months. it is clear that parts of our mini budget went further and faster than markets were expecting. so the way we are delivering our mission right now has to change. i have therefore decided to keep the increase in corporation tax that was planned by the previous government. this will raise £18 billion per year. so, a tax policy ditched, and her chancellor too.

i met the former chancellor earlier today. i was incredibly sorry to lose him. he is a great friend. and he shares my vision to set this country on the 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. should the prime minister go next, mr kwarteng? the formalities look like this.

in his letter to the prime minister, he wrote "you have asked me to stand aside as your chancellor, i have accepted." in reply, liz truss wrote that 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 is the fourth chancellor of the exchequer since july. politics has been on fast forward this autumn. it is five—and—a—half weeks since liz truss became prime minister. mr speaker, we are at the beginning of a new era and as we contemplate... it is three weeks 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. ifelt, and the prime ministerfelt, that this was just a distraction 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 is little wonder the conservatives' 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 are out of time, it is 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 misery on people who were already struggling with the cost of living crisis. and even this former conservative chancellor reckons the government is incompetent. i do not think they can resolve the political damage that has been caused. the tory party has to be the party of competence in government. i am afraid we have 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 fall out from it, how come you get to stay? clearly, a difficult i day, can you explain to the public why 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.

and since that news conference this afternoon, let me share with you some of the reaction, in private come from conservative mps. "it was awful," says one. "i voted for liz. sadly, i think it hastens her demise," says another. "i can't see how she survives," and, "she has trashed our reputation." at the heart of the grumbles, a sense of hypocrisy and inconsistency. hypocrisy because she has got rid of her chancellor but she is staying on. inconsistency because she has got rid of some of her ideas and she is still staying on. the prime minister may have a new chancellor this evening but she, he, confront many of the same problems, and herjob is still farfrom secure. chris mason, bbc news, at westminster.

as we've been reporting for the last three weeks, september's mini budget led to turbulence on the markets — driving up the cost of borrowing, and sparking a revolt among tory mps — who urged the prime minister to drop parts of her economic plan in an attempt to shore up the uk's finances. so what's been the reaction today? 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 and no analysis from the budget watchdog and whether the numbers could add up? in total — it announced £16 billion in cuts — then came the u—turns. 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.

but still that leaves £25 billion of the tax cuts unfunded. the other measure was to bring forward the independent budget watchdog report from late november to late october. this is how the financial markets have responded during that time. this shows how much it costs the government to borrow money for 30 years. you can see, this is the announcement of the minibudget, 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 actually higher than they were last night. so business had been promised their tax rates would stay low to promote growth — now they are rising from i9% to 25% as the last chancellor — how do they feel about that? earlier the director general of the emplyers group the cbi, said businesses would not invest during turmoil. 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 £200k mortgage would have cost around 2%. today that is closer to 6%. meaning an extra £600 a month in mortgage costs. 1.7 million people see theirfixed deals end in the next 12 months — and it is also jeopardising some people's dreams of

owning their own homes — such as geeve shafie in manchester. with mortgages, it feels like petrol station prices really — really quick to go up and very slow to come back down, and despite the fact they have made a u—turn in this budget again, i feel like the damage has already been done. so, as an example for us, we would have to be paying around £700 a month more today than we would have around three orfour weeks ago, and this really makes us have to reassess all of the criteria when it comes to buying ourfirst home, when it comes to location, number of bedrooms, public transport links, so all of that has really gone out the window. if liz truss was hoping sacking the chancellor and scrapping £18 billion of tax cuts would instantly restore market faith she will be disappointed tonight. the prime minister and the former chancellor spent weeks defending their plans to cut taxes, plans on which liz truss campaigned during her bid this summer to become conservative leader. our economics editor faisal islam has been looking at how their economic plans unravelled, and what is likely to come next. fundamentally, growth helps people

fulfil their hopes and dreams and that is why our dynamic new chancellor and i will be taking action... the past three weeks was never known as kwasi—nomics. the now fired chancellor was enacting an economic experiment known as trussonomics. the chancellor and i are in complete lockstep on this. trying to balance budgets was for treasury bean counters obsessed with abacus economics. growth was the answer. that experiment is now done. there are limits as to how far you can push tax cuts unless you're going to be clear where you are going to cut spending. equally, you can'tjust increase spending without increasing taxes. there are constraints and we have learned the hard way that those constraints can really bite. it has undoubtedly helped liz truss, though, become prime minister. distinguishing herfrom the clearly prescient warnings of her leadership competitor,

rishi sunak in debates. rishi is talking about putting up corporation tax this autumn. he is talking about raising taxes at a time when there is a global economic crisis to the same level as france's corporation tax. your own economic adviser has said that your plans would mean that interest rates would have to go up to around 7% so, just think what that means for all of your mortgages. those unfunded promises came to life in the form of the chancellor's mini budget. as the bbc revealed beforehand, the chancellor refused an offer of an obr independent forecast. the problem is, the budget we had on friday last week, the only thing it will do is probably add to inflation. the markets sold the pound and uk government debt by record amounts. the bank of england had to step in. to see a g7 country go through the following currency meltdown yield melt up, reprimand from the imf, rating agencies, change

within policies within a few days, change in the minister of finance within a few weeks, that is just unthinkable. that sort of stuff doesn't normally happen in the g7. and so does that mean there will be scars from what we have seen? even if they win back some support from the markets? there are already scars. if you have to refinance your mortgage, if you are trying to buy a new house, you have been hit. it was clear that the u—turns were inevitable pretty quickly when independent forecasters were brought back into make the numbers add up. exactly three weeks ago, it tookjust hours after the mini budget for britain to lose the confidence of markets. the entire point of the u—turns of the fact thatjeremy hunt is now chancellor of the exchequer and not the man that was in there just 2a hours ago, is to try to win back that credibility. but that will take longer than days. at best, it will take months. if we are unlucky,

it could take years. and so the scars of the trussonomics experiment will continue to be felt in our borrowing costs for mortgages and business lending for some time to come. it is all a long way from the day off that mini budget, a promise by both then chancellor kwarteng and pm truss of growth and investment. their dream of an economy unchained has, for now, left a britain restrained. it has been a dizzying 2a hours of crisis drama and no little farce as well. quite literally going from a fight of a dizzying his flight from that form chancellor put it but i am left with just one reflection with that argument you had so much from kwasi kwarteng and liz truss, that the turmoil was all down to global factors. there was some truth to that. the problem is, that those global factors may well be getting worse if you listen to people here

at the imf in washington, dc. the challenge for the new chancellor, jeremy hunt, is he does notjust have to clean up the mess he has inherited and find tens of billions of pounds of further spending cuts or perhaps tax rises, he had to do that against the backdrop of the global situation potentially getting worse. thank you. faisal islam, our economic data. —— editor. liz truss was voted in as conservative leader and prime minister last month byjust over 80,000 conservative party members. 0ur political correspondent alex forsyth has been talking to some of them in witney in 0xfordshire, to find in the market town of witney, people were going about their daily business, as the drama unfolded in westminster. at this town centre coffee shop, talk of political turmoil did filter through. bob, a lifelong conservative voter, has lost faith in the prime minister, and for him, today's actions didn't help. i have always voted conservative but i will never vote

conservative again. why? because i think they are just greedy, cutting taxes for the rich, it is just not right. there is a lot people going to face poverty. there is concern about the everyday impact of economic instability on people and businesses. mike thinks it is too late for liz truss to pull it back. i think she's made so many errors that she has already lost the confidence of the people she needs, quite honestly. but forjackie and paul there is frustration at what they see as attempts to undermine the prime minister. they are just out to get rid of her, basically. . it isjust pressure from all around, just to get rid of who is in- power at the moment. boris should have stayed. i think that's the biggest mistake they made. in this rural part of 0xfordshire, witney has long been considered a safe conservative seat, once the domain of david cameron. this deputy chairman of the local party, who didn't back liz truss in the leadership contest but was willing to get behind her, is now concerned. we are the ones out knocking

on doors, delivering leaflet, we need a stable government. if, and of course it is still a big if at this stage, if tory mps did decide to replace liz truss with someone else, how would the members feel about that, if they didn't get a say? personally, i wouldn't be too bothered about that but i know a lot of colleagues would be quite passionate about having that vote. but that leadership contest was very long. we have a cost of living crisis, we have all sorts going op with the economy, it's up and down every day. if we don't change now, we are going to be in opposition for a very long time. bit nervous. we just don't know, do we? for amanda, who works in a boutique in the town centre, there are nerves about the economy and the uncertainty that brings, but in her view, it is too soon to pass judgment on the prime minister. she came in, she'd only been in not very long, and then the queen sadly passed away so she has had quite a lot to contend with, so give her a chance. while the prime minister tries to shore up support for her approach, it is voters who will ultimately decide if there comes a point

when time's up for her party. alex forsyth, bbc news, witney. let's get another word from our political editor, chris mason, who is in downing street, and how do you assess the prime minister's position tonight? assess the prime minister's position toniaht? , , , ., ., tonight? credibility is one of the most prized _ tonight? credibility is one of the most prized assets _ tonight? credibility is one of the most prized assets in _ tonight? credibility is one of the most prized assets in political i most prized assets in political leadership and when it ebbs and drains away, it can be very, very difficult, nigh on impossible, to get back. there are plenty of conservative mps tonight who say it has drained away from the prime minister and it will never come back, and they are doom laden, they think they are destined to lose the next election. that brings us on to what could happen next, particularly if conservative mps decide they want to move against liz truss and install someone else. firstly, there are those conservative mps who say, no, the party should stick with liz truss. then there is a conversation about how you bring about results

that avoids them in the words of one mp i spoke to tonight, a lot of fun thing about over the next few months, consulting conservative members. —— a lot of faffing about another word, members. —— a lot of faffing about anotherword, mps members. —— a lot of faffing about another word, mps coalescing around another word, mps coalescing around a chosen candidate and what about which is in a comedy to another former chancellor? then there is a penny more than, another defeated candidate, but she is in the cabinet. then a chap whose name you mightjust remember, borisjohnson. might just remember, boris johnson. what mightjust remember, borisjohnson. what does he say or do? is there is a huge number plates spinning, it can be hard to dislodge a prime minister who does not want to go. tonight, what we can say is that we simply don't know what is going to happen next. and know one actor on the political stage is fully in control of events any more. thank ou ve control of events any more. thank you very much. — control of events any more. thank you very much, our _ control of events any more. thank you very much, our political - control of events any more. thankl you very much, our political editor, chris mason. to other news now. around 200 people are reported to have been killed in iran

in the past month, as mass protests have swept across the country. these are the faces of some of those who have lost their lives — children and young people that the bbc has been able to identify. the protests are one of the biggest challenges faced by the islamic republic's religious leaders since they came to power more than a0 years ago. the unrest was sparked by the death of this woman — 22—year—old mahsa amini. she died while in the custody of iran's morality police, accused of breaking strict rules on wearing headscarves. 0ur chief international correspondent lyse doucet reports. a defiance that's dangerous. brandishing headscarves, burning them can get you arrested. hundreds have been detained. this may seem so ordinary, but even walking without compulsory hijab can have consequences. dounir, in a white shirt eating breakfast, went to prison

after she posted this photo. across iran over the past month, there have been unprecedented scenes like this. and this, too. schoolgirls ripping photos of iran's leaders. this defiance spread across society, across generations, on wider issues. and security forces have shot back, with tear gas, metal pellets, live fire. 0ne protester who, like most, hides her identity, told us it's no longer just about hijab. they don't want islamic republic with all of the violence it is giving. things that they have done politically to us, economically to us, and what they are showing as the face of iranians to the world and this is what we do not want. power resides here in the islamic republic. 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. there are very few protests, the country is quiet. we see them every day. that is factually incorrect. the united states and its allies try to undermine iran in every possible way. iran is more open than any of the, any of the countries in this region. what we see is that these protests aren't dying down, and the government isn't backing down. mahsa amini! in london, a vigil to mark a month of defiance. to remember 22—year—old mahsa amini. her death sparked this movement.

say her name, say her name! 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. a young generation rises against an old clerical order. it's hard to say how and when this will end. for now, it is moving in ways iran hasn't seen before. lyse doucet, bbc news, london. police say a convicted sex offender neil maxwell who killed himself while on the run is the prime suspect in the murder of teenager leah croucher who disappeared in 2019. this week police discovered human remains in the loft of a house

in milton keynes. the rugby league world cup begins tomorrow in newcastle when england play samoa in what is expected to be one of the most competitive tournaments in its history. for the first time, the men's, women's and wheelchair tournaments will take place simultaneously, with organisers expecting record ticket sales. our sports editor dan roan reports. and there's the great britain captain. half a century's passed since the last british success in rugby league's showpiece event. legendary captain clive sullivan leading his country to world cup glory. these days, the four home nations have teams of their own. the captain of this year's hosts, england, telling me what victory on home soil would mean. it's a huge opportunity, i think, for the sport. we've got a great sport and we just want more people to get involved in it, so, a world cup on home soil is the perfect advert, and i think that adds a little bit of pressure to us as a group, because, you know, nothing will spark interest more than england being successful. so you pass it and run

round the back. here at portico vine in st helens, they are already benefiting from the world cup — a social impact fund attached to the tournament helping them build a new clubhouse and fuelling passion for the game. ijust really like rugby better than football. it's family to me. they include you in everything and it'sjust, it's — i'm proud to be here. here at clubs like this in st helens, there is no shortage of excitement ahead of the rugby league world cup, but perhaps a true test of this tournament is whether or not it can help grow the sport and engage new audiences beyond this, its traditional heartland in the north of england. men's, women's and wheelchair. together for the first time ever. with three tournaments culminating on the same weekend, this is the most inclusive world cup ever, with 86% of matches staged in the north of the country. 0rganisers having to contend with a year's delay due to covid and a cost of living crisis. have you sold as many tickets as you hoped?

i think the pandemic really affected us. refunds were really high during the pandemic, but we've gradually built back up. we'll start strongly on saturday. we haven't sold every seat in every venue, but similar to the women's euros, similar to the commonwealth games, if we start well, we will build momentum. big smiles. 16 teams are in the men's competition, including debutants jamaica and greece, but with champions australia having won eight of the last nine world cups, loosening their grip on the trophy will be no easy task. dan roan, bbc news. robbie coltrane, the actor known for playing hagrid in the harry potter films, has died. he was 72. his agent confirmed the actor died in hospital near falkirk and described him as a "unique talent", who "broughtjoy to children and adults alike". robbie coltrane also appeared in the itv detective drama cracker and in two james bond films. david sillito looks back at his life.

hello, don't wish to be rude but i'm in no fit state to entertain. ain't no one going to get past fluffy... hagrid in harry potter. big, gruff, fond of a drink, a bit fierce but blessed with a good heart. jk rowling said only one person could play him — robbie coltrane. well, i knew that she wanted me to play hagrid the film and then i heard that she actually imagined me as hagrid. but, you know, women imagine me all the time, you know! in her tribute, in hertribute,jk in her tribute, jk rowling said she had never known anyone remotely like him again. she said he was an incredible talent, complete one of and she was the unfortunate to know him, work with him and laughed my head off with him. sorry, guvnor. apples and pears, tit—for—tat, i love london town... it was comedy in the 80s where he made his name. i went into the video shop yesterday, you know. among those he worked alongside stephen fry said he met an almost executive a0 years ago.