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tv   BBC News at Ten  BBC News  October 17, 2022 10:00pm-10:31pm BST

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tonight at ten: the prime minister apologises and says she accepts responsibilty for the mistakes made, but she's not going anywhere. on the day that her new chancellor completely tears up her economic plan — liz truss vows to fight on. i do want to accept responsibility and say sorry for the mistakes that have been made. will you lead the conservatives into the next general election? i will lead the conservatives into the next general election. another huge government u—turn as the chancellor ditches almost all of liz truss' tax cuts and warns of spending cuts to come. this government will take the difficult decisions necessary to
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ensure there is trust and confidence in our national finances. that means decisions of eye—watering difficulty. as her plans unravelled, liz truss kept a low profile in westminster leaving a cabinet colleague to step in. the prime minister is not under a desk. she... laughter. after a day in which the prime minister was barely seen and not heard, tonight she speaks exclusively to me for this programme. also on the programme... russian forces launch waves of drone attacks on the ukrainian capital kyiv. hundreds of metropolitan police are getting away with law breaking and misconduct — says a new report. iamat i am at the roundhouse in london where the winner of the booker
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stay with us here on the bbc news channel 4 continuing coverage and analysis from our team of correspondents in the uk and around the world. good evening and welcome to the bbc news at ten. the prime minister liz truss has said she is sorry and accepts repsonsibility for mistakes in her economic plan — as the majority of measures in her so—called mini budget were reversed by her new chancellorjeremy hunt. in an interview tonight with our political editor chris mason — she said the plans had gone too far and too fast but insisted she would lead the conservatives into the next election. it comes after the biggest ever u—turn in britain's economic history.
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this gives you an idea of the scale of how much has been dropped from the prime minister's plan for growth unveiled by kwasi kwarteng less than a month — everything in red has gone. the 1p cut in the basic rate of income tax has been dropped — indefinitely. it will remain at 20p. the two year cap on energy prices has been drastically shortened — it will now last until april next year and be more targeted after that. and the chancellor made it very clear that there will be cuts in public spending — something the prime minister had insisted would not happen. the labour leader sir keir starmer accused the government of inflicting long term damage on the economy. our political editor chris mason is live in westminster for us tonight. today was a day like no other that i have witnessed in the nearly 20 years i have rattled around westminster. 0f years i have rattled around westminster. of course political leaders change their minds, as we all do, but never before on this scale and done so quickly. a prime
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ministerjust weeks into office junking nearly the entire programme that got her elected to that office in the first place. that is why so many on her own side are asking whether she has the credibility to continue. a question i put to her this evening. inside 10 downing street tonight, today's prime minister in the corridors, those of yesterday on the wall. prime minister, who is to blame for this mess?— wall. prime minister, who is to blame for this mess? first of all i do want to _ blame for this mess? first of all i do want to accept _ blame for this mess? first of all i do want to accept responsibility l blame for this mess? first of all i i do want to accept responsibility and say sorry for the mistakes that have been made. i wanted to act but to help people with their energy bills, to deal with the issue of high taxes but we went too far and too fast. i have acknowledged that, i have put in place a new chancellor with a new strategy to restore economic stability, and now what i'm focused
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on is delivering for the public. let's be clear, your very vision for britain is dead, isn't it?— britain is dead, isn't it? what i'm focused on _ britain is dead, isn't it? what i'm focused on is _ britain is dead, isn't it? what i'm focused on is delivering - britain is dead, isn't it? what i'm focused on is delivering on - britain is dead, isn't it? what i'm| focused on is delivering on energy supplies, on delivering on new roads, opportunities across our country. we have to make sure that we have economic stability and that has to be my priority. i have acted in the national interest. i remain committed to the vision but we will have to deliver that in a different way and that is what i am determined to do with the new chancellor. i do think it is the mark of an honest politician who does say, yes, i have made a mistake, i have addressed that mistake and now we need to deliver for people. what we have said we will deliver. mas deliver for people. what we have said we will deliver.— said we will deliver. was rishi sunak right — said we will deliver. was rishi sunak right all _ said we will deliver. was rishi sunak right all along? - said we will deliver. was rishi sunak right all along? we - said we will deliver. was rishi sunak right all along? we hadi said we will deliver. was rishi i sunak right all along? we had a robust leadership _ sunak right all along? we had a robust leadership campaign - sunak right all along? we had ai robust leadership campaign this summer where we debated ideas, we debated philosophy. he summer where we debated ideas, we
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debated philosophy.— debated philosophy. he suggested our ideas debated philosophy. he suggested your ideas would _ debated philosophy. he suggested your ideas would be _ debated philosophy. he suggested your ideas would be a _ debated philosophy. he suggested your ideas would be a disaster - debated philosophy. he suggested your ideas would be a disaster and i your ideas would be a disaster and he has been proven right. i am committed _ he has been proven right. i am committed to _ he has been proven right. i am committed to a _ he has been proven right. i am committed to a low— he has been proven right. i am committed to a low tax, - he has been proven right. i —n committed to a low tax, high growth economy but i have to reflect the real issues we face and my responsibility as prime minister is making sure that we have economic stability, that we protect people's jobs, we have the lowest unemployment since 1974, and we get through this very difficult winter. what i have delivered is already reverse the national insurance increase, which is important for families. we have also delivered on the energy price guarantee. i couldn't deliver everything i wanted. ~ .,, couldn't deliver everything i wanted. ., ~ wanted. most of it has been “unked. i delivered the i wanted. most of it has been “unked. i delivered the energy h wanted. most of it has been “unked. i delivered the energy price _ i delivered the energy price guarantee and the national insurance, and we will continue to work to deliver economic growth for our country. work to deliver economic growth for our country-— our country. lots of people are facin: our country. lots of people are facing massive _ our country. lots of people are facing massive increases - our country. lots of people are facing massive increases in - our country. lots of people are - facing massive increases in mortgage payments and analysts say at least some of that is because of what you
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have done in the last five or six weeks. what do you say to them? i understand it is difficult for families across the country. the? families across the country. they are blaming _ families across the country. they are blaming new. _ families across the country. they are blaming new. the _ families across the country. they are blaming new. the fact - families across the country. they are blaming new. the fact is - families across the country. they are blaming new. the fact is we | families across the country. they i are blaming new. the fact is we are facin: are blaming new. the fact is we are facing both — are blaming new. the fact is we are facing both a _ are blaming new. the fact is we are facing both a difficult _ are blaming new. the fact is we are facing both a difficult economic - facing both a difficult economic situation internationally, where interest rates are rising as well as pressure here in britain. [30 interest rates are rising as well as pressure here in britain.— pressure here in britain. do you acce -t pressure here in britain. do you accept you _ pressure here in britain. do you accept you have _ pressure here in britain. do you accept you have made - pressure here in britain. do you accept you have made it - pressure here in britain. do you| accept you have made it worse? pressure here in britain. do you - accept you have made it worse? what we have been — accept you have made it worse? what we have been through _ accept you have made it worse? wast we have been through over the accept you have made it worse? hisisgt we have been through over the last few years is a very low interest rate world and that is changing and thatis rate world and that is changing and that is changing across the globe. do you accept that what you have donein do you accept that what you have done in the last five weeks since you took office has made it worse for people? it's made it harderfor people to pay their bills? first for people? it's made it harder for people to pay their bills?- people to pay their bills? first of all, i people to pay their bills? first of all. i have _ people to pay their bills? first of all, i have said _ people to pay their bills? first of all, i have said sorry _ people to pay their bills? first of all, i have said sorry for- people to pay their bills? first of all, i have said sorry for the - people to pay their bills? first of all, i have said sorry for the fact | all, i have said sorry for the fact we did act too far, we went too far and too fast. we did act too far, we went too far and too fast-— we did act too far, we went too far and too fast. that has consequences for people. — and too fast. that has consequences for people. on _ and too fast. that has consequences for people, on people _ and too fast. that has consequences for people, on people 's _ and too fast. that has consequences for people, on people 's bills. - and too fast. that has consequences for people, on people 's bills. the i for people, on people 's bills. the
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reason i for people, on people 's bills. the reason i did _ for people, on people 's bills. isie: reason i did that for people, on people 's bills. tsie: reason i did that was to make sure we were dealing with the immediate issue of the energy crisis and we did help people with their energy bills. ., , ., did help people with their energy bills. ., i. _, . did help people with their energy bills. ., . ., bills. can you convince our listeners _ bills. can you convince our listeners and _ bills. can you convince our listeners and viewers - bills. can you convince our listeners and viewers that| bills. can you convince our . listeners and viewers that you bills. can you convince our - listeners and viewers that you have credibility still as prime minister? a reasonable minded observer might wonder whether they can believe what you are saying because so much of what you have said in your early weeks has been binned. yes. what you have said in your early weeks has been binned.- what you have said in your early weeks has been binned. yes, i have been honest — weeks has been binned. yes, i have been honest with _ weeks has been binned. yes, i have been honest with the _ weeks has been binned. yes, i have been honest with the public - weeks has been binned. yes, i have been honest with the public about i been honest with the public about what we have needed to change because of the circumstances, but i am completely committed to delivering for this country and that's why i am in the job, why delivering for this country and that's why i am in thejob, why i get up each morning is because i want this country to be a better place where everybody has opportunities and everyone can succeed. d0 opportunities and everyone can succeed. , ., ., i] succeed. do you feel humiliated? i feel first of — succeed. do you feel humiliated? i feel first of all _ succeed. do you feel humiliated? i feel first of all that _ succeed. do you feel humiliated? i feel first of all that i _ succeed. do you feel humiliated? i feel first of all that i did make - feel first of all that i did make mistakes and i have been upfront and honest about that. yes, it hasn't been perfect, it's been a difficult time and i think we did an interview
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before i got thejob time and i think we did an interview before i got the job and time and i think we did an interview before i got thejob and i said it would be tough because of the circumstances we are facing stuff has it been harder than you could possibly have imagined? i was expecting it to be tough and it has been tough. expecting it to be tough and it has been tough-— been tough. when you lead the conservatives _ been tough. when you lead the conservatives into _ been tough. when you lead the conservatives into the - been tough. when you lead the conservatives into the next - been tough. when you lead the - conservatives into the next general election? i conservatives into the next general election? . election? i will lead the conservatives _ election? i will lead the conservatives into - election? i will lead the conservatives into the i election? i will lead the - conservatives into the next election? i will lead the _ conservatives into the next general election. , , conservatives into the next general election. , g i conservatives into the next general election-_ i am - conservatives into the next general election._ i am not - election. definitely? i am not focused on — election. definitely? i am not focused on internal _ election. definitely? i am not focused on internal debates l election. definitely? i am not - focused on internal debates within the conservative party. you focused on internal debates within the conservative party.— focused on internal debates within the conservative party. you know you need to be to — the conservative party. you know you need to be to stay _ the conservative party. you know you need to be to stay in _ the conservative party. you know you need to be to stay in office. _ the conservative party. you know you need to be to stay in office. the - need to be to stay in office. the important _ need to be to stay in office. the important thing _ need to be to stay in office. tsie: important thing is that i have been elected to this position to deliver for the country. we are facing very tough times. we simply cannot afford tough times. we simply cannot afford to spend our time talking about the conservative party rather than what we need to deliver and that is my message to my colleagues. first thin this message to my colleagues. first thing this morning _ message to my colleagues. first thing this morning it _ message to my colleagues. first thing this morning it felt like a government on the run stop the new
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chancellor was even apology for the weather. jeremy hunt was jogging before dawn thought of breaking. ism; before dawn thought of breaking. any more u—turns? before dawn thought of breaking. any more u-turns? the _ before dawn thought of breaking. any more u-turns? the answer _ before dawn thought of breaking. any more u-turns? the answer was - before dawn thought of breaking. any more u-turns? the answer was yes. | more u-turns? the answer was yes. news was already _ more u-turns? the answer was yes. news was already breaking. - more u-turns? the answer was yes. news was already breaking. mr - more u-turns? the answer was yes. j news was already breaking. mr hunt was performing the last rites on almost all of liz truss's plans. her programme for government dead. living hour by hour. this is what hand to mouth government looks like. camera crews were called to the treasury, ministers so petrified by the pace of events, yanking big chunks of a massive announcement forward by a fortnight isn't enough. even leaving it to this afternoon was too late for them. there was a statement filmed just after 11 o'clock two. ila statement filmed 'ust after 11 o-dockm.h statement filmed 'ust after 11 o'clock two. ., ., .., o'clock two. no government can control markets _ o'clock two. no government can control markets by _ o'clock two. no government can control markets by every - o'clock two. no government can - control markets by every government can give certainty about the sustainability of public finances.
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and they are doing that byjunking pretty much everything liz truss said she stood for. we pretty much everything liz truss said she stood for.— pretty much everything liz truss said she stood for. we will reverse almost all the _ said she stood for. we will reverse almost all the tax _ said she stood for. we will reverse almost all the tax measures - almost all the tax measures announced in the growth plan three weeks ago that have not started parliamentary legislation. cancelling her eyes in national insurances and changes to stamp duty the only bits held onto. the planned cut in income tax in england, wales and northern ireland is off. fist cut in income tax in england, wales and northern ireland is off. test a and northern ireland is off. at a time when _ and northern ireland is off. at a time when markets _ and northern ireland is off. git —. time when markets are rightly demanding commitment to sustainable public finances, it is not right to borrow to fund this tax cut. so i have decided the basic rate of income tax will remain at 20% and it will do so indefinitely. that income tax will remain at 2096 and it will do so indefinitely.— will do so indefinitely. that wasn't it. the will do so indefinitely. that wasn't it- the very _ will do so indefinitely. that wasn't it. the very crutch _ will do so indefinitely. that wasn't it. the very crutch against - will do so indefinitely. that wasn't it. the very crutch against which i it. the very crutch against which the prime minister has lent three weeks of criticism, help with energy bills for two years, that was being watered down. the
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bills for two years, that was being watered down.— bills for two years, that was being watered down. , , . watered down. the prime minister and i have watered down. the prime minister and l have agreed — watered down. the prime minister and l have agreed it _ watered down. the prime minister and i have agreed it would _ watered down. the prime minister and i have agreed it would not _ watered down. the prime minister and i have agreed it would not be - i have agreed it would not be responsible to continue exposing public finances to unlimited volatility in international gas prices. so i am announcing today a treasury led review into how we support energy bills beyond april next year. there will be more difficult decisions i'm afraid on both tax and spending. 5tark difficult decisions i'm afraid on both tax and spending. stark and blunt. taxes _ both tax and spending. stark and blunt. taxes will _ both tax and spending. stark and blunt. taxes will be _ both tax and spending. stark and blunt. taxes will be higher - both tax and spending. stark and blunt. taxes will be higher and i blunt. taxes will be higher and government spending will be lower than was planned. by half three this afternoon at labour were demanding answers from liz truss. they try to turn up at the commons but she said no and sent along a cabinet minister instead. ~ ., ,., ., , ., instead. with apologies to the leader of the _ instead. with apologies to the leader of the opposition - instead. with apologies to the leader of the opposition and l instead. with apologies to the l leader of the opposition and the house, the pm is detained on urgent business. laughter. from the opposition parties here, derision. ., s ., derision. how can britain get the stabili it derision. how can britain get the stability it needs _
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derision. how can britain get the stability it needs when _ derision. how can britain get the stability it needs when all- derision. how can britain get the stability it needs when all the . stability it needs when all the government offers is grotesque chaos? — government offers is grotesque chaos? how can britain get the stability— chaos? how can britain get the stability it needs when instead of leadership, we have this utter vacuum? _ leadership, we have this utter vacuum? how can britain get the stability— vacuum? how can britain get the stability it — vacuum? how can britain get the stability it needs when the prime minister— stability it needs when the prime minister has no mandate from her party— minister has no mandate from her party and — minister has no mandate from her party and no mandate from the country? — party and no mandate from the count ? ~ ., ., , country? where on earth is the prime minister and — country? where on earth is the prime minister and if _ country? where on earth is the prime minister and if she _ country? where on earth is the prime minister and if she doesn't _ country? where on earth is the prime minister and if she doesn't even - minister and if she doesn't even have the backbone to show up here today, is there really any point in her showing up here again? surely time is up, she needs to go and that the people decide. for time is up, she needs to go and that the people decide.— the people decide. for the damage and ain the people decide. for the damage and pain they _ the people decide. for the damage and pain they have _ the people decide. for the damage and pain they have caused - the people decide. for the damage and pain they have caused across l the people decide. for the damage i and pain they have caused across our country. _ and pain they have caused across our country. will— and pain they have caused across our country, will be leader of the house on behalf— country, will be leader of the house on behalf of her whole party address the people and businesses of our great _ the people and businesses of our great country and apologise? and this labour— great country and apologise? and this labour mp _ great country and apologise? isic this labour mp suggested... great country and apologise? and this labour mp suggested... and | great country and apologise? and i this labour mp suggested... and all we know right _ this labour mp suggested. .. and all we know right now— this labour mp suggested... and all we know right now is _ this labour mp suggested... and all we know right now is unless - this labour mp suggested... and all we know right now is unless she - we know right now is unless she tells us otherwise that the prime
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minister is cowering under her desk and asking for it all to go away. the prime minister is not under a desk _ the prime minister is not under a desk. , ., ., . ,, ., desk. listen to the barracking and look at penny _ desk. listen to the barracking and look at penny mordaunt's - desk. listen to the barracking and look at penny mordaunt's facial i look at penny mordaunt's facial expression. wherever she had been we finally did spot liz truss making her way to parliament.- finally did spot liz truss making her way to parliament. i know the prime minister... _ her way to parliament. i know the prime minister... just _ her way to parliament. i know the prime minister... just before - her way to parliament. i know the prime minister... just before half| prime minister... just before half ast four prime minister... just before half past four she _ prime minister... just before half past four she arrived _ prime minister... just before half past four she arrived in _ prime minister... just before half past four she arrived in the - prime minister... just before half - past four she arrived in the commons and her ministers shuffle along to make space for her as a growing number on her own side wonder when she might shuffle off as prime minister. 0ur political editor, chris mason, is at westminster. she did keep a low profile today. you spoke to her tonight, what was her mood? it you spoke to her tonight, what was her mood? . , you spoke to her tonight, what was her mood? ., , ., , you spoke to her tonight, what was her mood?— you spoke to her tonight, what was her mood? ., , ., , ., ., her mood? it was a tense mood in the buildin: , her mood? it was a tense mood in the building. you — her mood? it was a tense mood in the building, you could _ her mood? it was a tense mood in the building, you could feel _ her mood? it was a tense mood in the building, you could feel that _ her mood? it was a tense mood in the building, you could feel that but - her mood? it was a tense mood in the building, you could feel that but as . building, you could feel that but as far as my conversation with the prime minister was concerned, she was stoical, philosophical, she found time to point out some of the artwork on the walls before we
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started. but she knows her stuff no she is seriously imperilled at the moment and that is why she chose to talk to me tonight after that criticism all day long that she was barely seen and not heard. she has decided she has to come out and make an argument, make an argument to stand up for herself and stand up for her premiership. why? because there are not many others doing it and jeremy hunt and penny mordaunt, they are talked about as to potential successors. they were making the argument today so she has joined the argument as well. that is where she finds herself tonight and very strikingly saying at the end of our exchanges, she does want to take her party into the next general election. i don't find many conservative mps who think that would be a good idea. there is rather a lot that liz truss has said in the last five or six weeks that has been overtaken by events. thank
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ou. the has been overtaken by events. thank you. the financial— has been overtaken by events. thank you. the financial markets _ has been overtaken by events. thank you. the financial markets have - you. the financial markets have reacted positively today stop so how much money has the government saved by ditching its tax cuts by ditching its tax cuts and how big is the hole still remaining in the country's finances? here's our economics editor, faisal islam. the ink was barely dry on the growth plan — the official name for the mini budget — when it began to fall apart in spectacular fashion. measure after measure have dissolved within just days. and now, after 24 days, all the tax measures not already passing into law, along with one of its authors, have vanished from the government because my agenda. notjust a new chapter in economic policy — a complete rewrite. let's look at how the mini budget funding gap has changed. we start with the 45 billion
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of unfunded tax cuts announced at the mini budget — the biggest single one, corporation tax, gone on friday, worth £19 billion a year. and even before that, the scrapping of the 45p rate was itself scrapped. gone, raising £2 billion. today another 7 billion in other tax cuts were scrapped, including things like a freeze on alcohol duty, leaving a £17 billion gap to fund. that is the stamp duty cut and the reversal of the rise in national insurance, here to stay. but then, on income tax, jeremy hunt went even further than a mini budget u—turn, not only cancelling the tuck in basic rate income tax, gone next year, but getting rid of it into the future. that raises £5 billion a year, but incredibly leaves the self—proclaimed tax—cutting pm with a higher path for the basic rate of income tax then she inherited, partly due to that recent turmoil.
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all that and she still leaves a hole of £12 million. but look at this. the gap has actually grown by £20 billion at least because the economy has been hit and we face higher interest rates, and notjust because of the mini budget. and that all means a large gap remains despite today. about £30 billion, to a squeeze on public spending, hard pressed departments, perhaps they'd really projects, welfare, pension payments, we are told nothing is off the table. inanimate an actress has certainly helped as to what is a much more sustainable public finances. the chancellor said he will also be looking at spending. it is pretty unclear how much he needs to do but if he does much at all over the next two or three years it will take us back to austerity because inflation has wiped out a lot of the increases announced last year, so any significant change to those spending plans will mean cuts to public spending budgets. truths; those spending plans will mean cuts to public spending budgets. why now? this was all that _ to public spending budgets. why now? this was all that reassuring _ to public spending budgets. why now? this was all that reassuring the - this was all that reassuring the markets as the bank of england
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emergency parachute was withdrawn, and you can see from this chart today that shows the cost of 30 year government borrowing that it did have the desired effect, with those interest rates on government bonds coming down by half a percentage point. but you can see that while today so those yields come down the cost of government borrowing is still higher than it was before the mini budget over the here. and higher than similar countries, suggesting that ongoing premium, but the big picture is that a further spiral up like this has been presented as the credibility cup begins to fill again. it presented as the credibility cup begins to fill again.— begins to fill again. it was a relief to see _ begins to fill again. it was a relief to see what _ begins to fill again. it was a relief to see what the - begins to fill again. it was a - relief to see what the chancellor had to _ relief to see what the chancellor had to announce today but certainly the measures that were tabled today are not— the measures that were tabled today are not enough to really cover the whole _ are not enough to really cover the whole of — are not enough to really cover the whole of the budgetary black hole, and for _ whole of the budgetary black hole, and for that we have to wait until the end _ and for that we have to wait until the end of— and for that we have to wait until the end of the month on october 31. that will_ the end of the month on october 31. that will give us more detail about what the _ that will give us more detail about what the government is going to do to balance — what the government is going to do to balance this budget. that is going — to balance this budget. that is going to — to balance this budget. that is going to be essentially very important for the market outlook.
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and it _ important for the market outlook. and it is _ important for the market outlook. and it is some of those government borrowing rates we just saw feeding into things like fixed mortgage rates, the cost of business lending, so perhaps this stops that further increasing. but the flip side of that could be some millions of people facing the full market cost for energy bills from april and higher taxes as well, and we are told there is more tough decisions told there is more tough decisions to come. faisal islam there. the changes announced today will have a direct impact on all our finances. so what do voters make of the u—turn? 0ur political correspondent alex forsyth has been to coventry and nuneaton to see what people there make of it all. in the warwickshire countryside, this historic hotel and golf course, like many businesses, battled through the pandemic to be faced with rising bills and economic instability. 0wner rick has been a conservative supporter but he has long been losing faith in the government, saying it's overlooked hospitality businesses like his. and watching the chancellor today left him far from convinced about what's ahead.
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this government has been a pretty chaotic show and they've got an awful lot of work to do to convince me that they really, really do know where they're going and what they're doing. do you have faith in liz truss and this government? i've never felt less confident in a government in this country. never. nearby nuneaton is a constituency that often reflects the national political picture. currently conservative, it has been labour in the past. some here say the prime minister should be given time. she's not been here very long, she's not made a great start, but see how she goes. there's not much confidence in the government really at the moment, but i don't know who would be better to replace her. give her a chance, i think. see what she can do, _ what she can bring to the table, but i think she's just got to try and find some trust in people. just off the high street, this cafe's been run by sharon
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for the past 13 years. a conservative voter, she's run out of patience with the government's changing position. one minute, you've got one thing and then the next minute you've got another thing, you just don't know whether you're coming or going. we've got liz and if she's not running the country, then she needs to go. do you think she is running the country? no. customers sheila and linda share a sense of frustration. what the cockeyed hell is going on? we've had one, boris, out. now it's her. she's good either. —— she's no good either. haven't they got one good one between them all? what do you think should happen now? do you think liz truss can keep herjob? no. why not? i don't think she, i don't believe anything she says now. i don't think she's capable of running the country - and why they voted her in, i have no idea. _ so whether there's a change at the top or not, the past few weeks certainly seem to have come with a political price. alex forsyth, bbc news, warwickshire. let's get more from a political
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editor chris mason and our economics editor chris mason and our economics editor faisal islam. faisal, has the chancellor done enough to keep the markets stable for a while?- markets stable for a while? sophie, this is a galactic— markets stable for a while? sophie, this is a galactic size _ markets stable for a while? sophie, this is a galactic size and _ markets stable for a while? sophie, this is a galactic size and utterly - this is a galactic size and utterly unprecedented u—turn and whatever the political consequences there are huge economic ones both in the round and also for individuals. the new chancellorjeremy hunt has started the process of winning back the credibility of the markets. you can see that in the markets. why does that matter? it means the people that matter? it means the people that lend our country money, well, they are reassured and they are more likely to keep those flows of money going and keep them more cheaply going, and that will flow across the economy, so that's good news. at the flip side is less for those people dependent on government spending, whether welfare recipients, pensions recipients, public sector workers, those who want a new rail link near their home or those dependent on their home or those dependent on their energy bailout lasting beyond april. that is more uncertain now.
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and it's difficult to make these decisions even if you have a strong government that is newly elected. not that the braille situation we have been hearing about, and not, as wejust have been hearing about, and not, as we just heard today, the chancellor acknowledging direct blame for one factor which was that the government did not order an 0br forecast alongside its mini budget, something first reported on bbc. so it raises the question when these tough decisions were made, how much support will be amongst the public, mps and the cabinet? because although economic credibility seems to be coming back, the question of whether the chancellor can get these tough measures through the political system, that matters as well for economics. it will be a scary run into this halloween budget. ichris into this halloween budget. chris mason, into this halloween budget. chris mason. liz _ into this halloween budget. chris mason, liz truss _ into this halloween budget. chris mason, liz truss was _ into this halloween budget. chris mason, liz truss was pretty - into this halloween budget. chris mason, liz truss was pretty defiant in your interview and says she is taking the party into the next general election. can she be that confident? ida general election. can she be that confident? ., , , ., ., , ., confident? no is the short answer to that. she could _ confident? no is the short answer to that. she could of _ confident? no is the short answer to that. she could of had _ confident? no is the short answer to that. she could of had to _ confident? no is the short answer to that. she could of had to say - confident? no is the short answer to that. she could of had to say that, i that. she could of had to say that, sophie. _ that. she could of had to say that, sophie. in — that. she could of had to say that, sophie, in answer to my question
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because — sophie, in answer to my question because the alternative effectively would _ because the alternative effectively would have been to put an end date or time _ would have been to put an end date or time limit would have been to put an end date ortime limit on would have been to put an end date or time limit on her time in office, the very— or time limit on her time in office, the very thing plenty of her mps want _ the very thing plenty of her mps want to— the very thing plenty of her mps want to see happen. what is really striking _ want to see happen. what is really striking tonight is how unknowable short— striking tonight is how unknowable short term is. it's myjob to try and _ short term is. it's myjob to try and tell— short term is. it's myjob to try and tell you _ short term is. it's myjob to try and tell you what is going to happen here but— and tell you what is going to happen here but also to be honest about when _ here but also to be honest about when it's — here but also to be honest about when it's very difficult to be certain. _ when it's very difficult to be certain, and that's exactly where we are right _ certain, and that's exactly where we are right now. in the longer term icy next — are right now. in the longer term icy next to— are right now. in the longer term icy next to no appetite from conservative mps for the prime minister— conservative mps for the prime minister to lead them into the next general— minister to lead them into the next general election —— icy next to no appetite — general election —— icy next to no appetite. but in the shorter term there _ appetite. but in the shorter term there is— appetite. but in the shorter term there is some recognition there is a new chancellor in office and things night _ new chancellor in office and things night steady down a little bit. plus those _ night steady down a little bit. plus those who — night steady down a little bit. plus those who would like to see a new prime _ those who would like to see a new prime minister need to get their ducks— prime minister need to get their ducks in— prime minister need to get their ducks in a — prime minister need to get their ducks in a row to work out who that might— ducks in a row to work out who that might be _ ducks in a row to work out who that might be to — ducks in a row to work out who that might be to try to make that as smooth — might be to try to make that as smooth as— might be to try to make that as smooth as possible. brackets — it won't _ smooth as possible. brackets — it won't be — smooth as possible. brackets — it won't be smooth. that is what is going _ won't be smooth. that is what is going on— won't be smooth. that is what is going on right now and for the next few days _ going on right now and for the next few days it— going on right now and for the next few days it will continue to be really. — few days it will continue to be really, really bumpy by the prime minister. — really, really bumpy by the prime minister, because every time she
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appears _ minister, because every time she appears in — minister, because every time she appears in public her record and her plan for— appears in public her record and her plan for government, junked, thrown into the _ plan for government, junked, thrown into the thames, will come back to her. into the thames, will come back to her~ why— into the thames, will come back to her. why will it come back to her? that— her. why will it come back to her? that point— her. why will it come back to her? that point around credibility. can we believe — that point around credibility. can we believe anything she promises again? _ we believe anything she promises auain? , we believe anything she promises alain? , ., ., ~' again? chris, faisal, thank you both. again? chris, faisal, thank you both- you _ again? chris, faisal, thank you both. you can _ again? chris, faisal, thank you both. you can watch _ again? chris, faisal, thank you both. you can watch the - again? chris, faisal, thank you both. you can watch the whole | again? chris, faisal, thank you i both. you can watch the whole of chris's interview with the prime minister on bbc iplayer. that's bbc.co.uk/iplayer. russia has attacked the ukrainian capital, kyiv, with a wave of iranian—made explosive drones. the strikes killed at least four people, including a pregnant woman and her husband. airstrikes have also hit critical infrastructure in three regions beyond the capital, cutting off electricity to hundreds of towns and villages. among them the area close to the zaporizhzhia nuclear — cutting it off from mains electricity. it is currently running on back—up
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energy from a nearby coal—fired power station. 0ur correspondent, paul adams, reports from kyiv. ukraine's capital under attack again. moscow determined to keep kyiv on the front line. the city's defenders equally determined to tackle the threat any way they could. but the drones came thick and fast. 0f 28, five got through. 0ne tore this elegant apartment building in two. half of it is gone. for one elderly resident, a narrow escape. her balconyjust a few feet from the impact. we saw how these houses looked like something... duh—duh—duh—duh—duh! i think it's terrible. it seems like a terrorist act. i heard it at six in the morning, i couldn't sleep all morning and then i heard the second one, it just comes out of nowhere. it's been a few hours since the explosion here in the middle of the city but as you can see, there's still frantic rescue work going on.
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this is the second time in a week that the centre of kyiv has been hit. among those who died here, a young couple. viktoria was six months�* pregnant. for the city's mayor the aim of all is clear. the target, destroy the whole infrastructure of ukraine. destroy the infrastructure in our hometown. they left people freezing in the winter. the left people without electricity. they need, the russians want to make the humanitarian catastrophe now in our hometown. in this piece of one of the weapons used. attack drones —— and this is a piece. russia has used hundreds of iranian made attack drones in recent weeks. ukraine says it needs more help to deal with them. offices of ukraine's national energy company were hit today. infrastructure facilities targeted outside the capital too. moscow's assault on the fabric of daily life goes on. pauladams, bbc news, kyiv.
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a russian warplane has crashed into a residential area in the southern russian resort town of yeysk, close to the occupied ukrainian city of mariupol. at least four people have been killed with several more missing. russia's defence ministry said the plane crashed during a training flight from a military airfield due to an engine fire. greater manchester police are investigating after a pro—democracy protestor outside the chinese consulate in the city was dragged inside and beaten up. the attack happened yesterday afternoon with the victim spending last night in hospital after being rescued by police officers. both the shadow foreign secretary, david lammy, and the former conservative leader iain duncan—smith have called for the chinese ambassador to explain what happened. the commissioner of the metropolitan police commissioner, sir mark rowley, has called for hundreds of his officers to be sacked after a report found many of them
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are getting away with criminal behaviour. the review of the met�*s internal misconduct system was commissioned after the murder of sarah everard by a serving police officer. it says many claims of sexual misconduct, misogyny and homophobia by officers are badly mishandled. and that there are unacceptable levels of racial bias. here's our special correspondent, lucy manning. the murder of sarah everard the turning point, but the dangerous behaviour of some officers ongoing. when a police officer kidnaps, rapes and kills a woman, trust is forfeited. too many allowed to get away with sexual harassment, racism, and misogyny. i have found in their internal misconduct system that it isn't good enough, it isn't quick enough, and it has racial disparity. the force needs to accept that. the whole force needs to accept it. they mustn't deny it. the report is clear — the met�*s system for dealing with its offices is not
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fit for purpose. it has a systemic racial bias and misses repeat offenders.

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