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tv   BBC News  BBC News  October 18, 2022 4:00am-4:30am BST

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our top stories. britain's prime minister liz truss says she's sorry but vows to fight on after her new finance minister tears up her economic plan. i do want to accept responsibility and say sorry for mistakes that have been made. the hollywood actor kevin spacey takes the stand at his civil trial to deny sexually assaulting a teenage boy more than 30 years ago. and one of the literary world's biggest prizes, the booker, is won by shahaan karunartilaka whose novel is set during sri lanka's civil war. i was writing a murder mystery and it just seemed that every sri lankan atrocity,
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we never deal with it, we kind ofjust move on. the british prime minister liz truss has apologised for mistakes in the government's financial strategy — a strategy that she set in motion. the majority of measures in her so—called mini budget have been reversed by her new finance minister jeremy hunt. he was in parliament on monday to explain why the economic policy was being scrapped. the prime minister herself was keeping a low profile. in a moment, we'll hear an exclusive interview with her. but first, our political editor chris mason has the story of how the day unfolded. first thing this morning, it felt like a government on the run. sorry about the rain, guys.
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the new chancellor was even apologising for the weather. jeremy hunt was jogging before dawn thought of breaking. any more u—turns? the answer was yes. 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 governing 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, too. no government can control markets, but every government can give certainty about the sustainability of public finances. and they're doing that
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byjunking pretty much everything liz truss said she stood for. we will reverse almost all the tax measures announced in the growth plan three weeks ago that have not started parliamentary legislation. cancelling a rise in national insurance and changes to stamp duty in england and northern ireland, the only bits held onto. the planned cut in income tax in england, wales and northern ireland is off. at a time when markets are rightly demanding commitment to sustainable public finances, it is not right to borrow to fund this tax cut. so i've decided the basic rate of income tax will remain at 20% and it will do so indefinitely. and that wasn't it. the very crutch against which the prime minister has leant through weeks of criticism, for help with energy bills for two years — that was watered down, too.
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the prime minister and i have agreed it would not be responsible to continue exposing public finances to unlimited volatility in international gas prices. so i'm 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. stark and blunt. taxes will be higher and government spending will be lower than was planned. by 3.30 this afternoon, labour were demanding answers from liz truss. they tried to get her to turn up at the commons, but she said no and sent along a cabinet minister instead. with apologies to the leader of the opposition and the house, the pm is detained on urgent business. laughter. from the opposition parties here, derision. how can britain get the stability it needs when all the government offers
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is grotesque chaos? how can britain get the stability it needs when instead of leadership, we have this utter vacuum? how can britain get the stability it needs when the prime minister has no mandate from her party and no mandate from the country? where on earth is the prime minister, and if she doesn'tl even have the backbone to show up here today, i is there really any point - in her showing up here again? surely time's up. she needs to go and let the people decide. - for the damage and pain they have caused across our country, will the leader of the house on behalf of her whole party address the people and businesses of our great country and apologise? and this labour mp suggested... and all we know right now is, unless she tells us otherwise, that the prime minister is cowering under her desk and
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asking for it all to go away. the prime ministerl is not under a desk, as the honourable lady... listen to the barracking and just look at penny mordaunt�*s facial expression. wherever she had been, we finally did spot liz truss making her way to parliament. i know the prime minister... just before 4.30, 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. later in the evening, chris mason caught up with the prime minster. and in a revealing interview, she acknowledged that her plans had gone "too far and too fast". inside ten 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?
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first of all, i do want to accept responsibility and say sorry for the mistakes that have been made. i wanted to act to help people with their energy bills, to deal with the issue of high taxes, but we went too far and too fast. i've acknowledged that, i've put in place a new chancellor with a new strategy to restore economic stability, and now what i'm focused on is delivering for the public. let's be clear and blunt — your very vision for britain is dead, isn't it? what i'm focused on is delivering on energy supplies, on delivering new roads, opportunities across oui’ country. we have to make sure that we have economic stability and that has to be my priority as prime minister. i've acted in the national interest. i remain committed to the vision, but we will have to deliver that in a different
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way and that's what i'm determined to do with the new chancellor, jeremy hunt. i do think it is the mark of an honest politician who does say, "yes, "i've made a mistake, i've addressed that who does say, "yes, i've made a mistake, i've addressed that mistake and now we need to deliver for people what we have said we will deliver." 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 of all, i have said sorry for the fact we did act too far, we went too far and too fast. that has consequences for people, on people's bills. the 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. do you feel humiliated? i feel, first of all, that i did make mistakes and i've been upfront and honest about that. yes, it hasn't been perfect — it's been a difficult time,
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and i think we did an interview before i got thejob and i said it would be tough because of the circumstances we're facing... has it been harder than you could possibly have imagined? i was expecting it to be tough and it has been tough. and will you lead the conservatives into the next general election? i will lead the conservatives into the next general election. 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 power plant, cutting it off from
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mains electricity. it's currently running on back—up energy from a nearby coal—fired power station. our 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. of 28, five got through. one tore this elegant apartment building in two. half of it is gone. one elderly resident's balcony was just a few feet away from the impact. it is so much noise, ta—ta—ta—ta. it is terrible. a terrorist act. i heard it at 6am and the second one out of nowhere. it has been a few hours since
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the explosion in the city, but there is still frantic rescue work going on. this is the second time in a week that the centre of kyiv has been hit. among those who died here, a young couple. the woman was six months pregnant. for the mayor, the aim is clear. the target is to destroy the infrastructure of ukraine. they left people freezing in the winter, russia has used hundreds of iranians made attack drones in recent weeks, they are low—flying and hard to shoot down. offices of ukraine's national
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energy company were hit today, infrastructure facilities targeted outside the capital. moscow's assault on the daily fabric of life goes on. the us actor kevin spacey has taken the stand at his civil trial in new york to deny an allegation that he sexually assaulted a 14—year—old at a house party in 1986. the oscar winner is being sued by the actor anthony rapp, who is now aged 50, who claims the incident happened when they were both working on broadway. our north america correspondent, peter bowes, told us what happened in court. kevin spacey has given a strong defence of himself, denying that this ever happened. when these claims were initially made by anthony rapp a few years ago, kevin spacey issued a statement via twitter in which he said he had no memory of the incident he was being accused of being involved in.
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but he apologised for what could have been inappropriate drunken behaviour. he's now saying, and he said in court, that he regrets, essentially, apologising for something that he didn't do. he says that statement in part was on the advice of his publicist at the time. peter, this is a civil case, isn't it? but mr spacey is facing criminal charges in the uk. where are we up to with that? yes, the criminal case in the uk is quite separate to this civil case, which is essentially all about money. anthony rapp is claiming $40 million in compensation for the distress that he says he suffered because of that alleged incident, so the criminal case in the uk is set to go ahead next year. this trial, this civil case, perhaps only
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has a few days to go. the jury really have to decide between the two stories we have heard — who do they believe? if they believe anthony rapp, does he deserve the millions of dollars he is claiming? we've had quite a strong defence from kevin spacey, very emotional at times. he was in tears, he was sobbing during parts of his testimony, when he talked about his upbringing, he talked about his father, who he described as a white supremacist, a neo—nazi, someone who was homophobic. he was responding to something that anthony rapp had accused him of, that he was late in life in acknowledging that he was gay. kevin spacey said that he had never wanted to talk about his private life, especially his childhood, because of the upbringing that he had. stay with us on bbc news — still to come. back on track — the paris motor show returns
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after a four—year break, with a focus on electric vehicles. a historic moment that many of his victims have waited forfor decades. the former dictator in the dock older, slimmer and, as he sat down, obedient enough. dawn, and as the sun breaks through the piercing chill of night on the plane, it lights up a biblicalfamine — now, in the 20th century. the depressing conclusion — in argentina today, it is actually cheaper to paper your walls with money. we've had controversies - in the past with great britain, but as good friends, _ we have always come to a good and lasting solution.
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concorde bows out in style after almost three decades in service. an aircraft that has enthralled its many admirers for so long taxis home one last time. this is bbc world news, our top headline. uk prime minister liz truss acknowledges her government made mistakes and says she's sorry for them. blanchflower, who formerly sat on the bank of england's monetary policy committee. i asked him what he made of the speed with which liz truss�* mini budget has been undone. well, i thought it was going to be a disaster injuly and august, and i wrote columns saying that liz truss had to go
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from mrs stupid to mrs sensible very quickly otherwise the bond and foreign exchange markets would crash. i said that the adviser would tell her what was wrong, on the first day, but they fired the adviser and went ahead with the plan for an unfunded tax cut that the amount of borrowing could not be sustained. i said the only choice they had was to ditch the whole thing and that's essentially what has happened. the markets crashed, the pension funds were about to fail, mortgage markets couldn't price products. absolutely clear and obvious that screeching u—turns were coming. as an economist, it's pretty hard to work out what's going on from one hour to the next. we've had a u—turn today, a new chancellor, fourth in four months. fourth in four months, saying that we are going to do whatever we are going to do and change things. but the markets are on a knife edge.
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the prime minister is struggling to get to wednesday. what we have is the economics of pandemonium. whenever the prime minister's been asked about the effect this has had on people's borrowing costs, mortgage rates going up, interest rates climbing, the cost of government borrowing going up, her response teams to be that interest rates are a matter for the bank of england. as someone who has sat on the monetary policy committee, when the members of the bank hear that, what will they be saying and thinking? what is their reaction? well, the problem is we have not heard from the monetary policy committee, they have been silent. but the technical term is a risk premium. what's happened, truss and the government have basically made it much more risky to invest in the uk. so the cost of borrowing for the uk has risen. chris giles in the financial times called it a moron premium.
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so predictable, so explicable, so unnecessary. so what you have here, everyone in the country is made poorer by the actions of liz truss with this mini budget. first, they didn't need to do the mini budget and i still haven't heard the reason for the rush. why have you got to rush in and do that? members of the monetary policy committee will say, you've made the situation an awful lot worse. the imf said, you can't have the treasury fighting with the bank of england, which is what has happened. i wrote columns saying, markets don't like clueless amateurs. and that's what we've got. i suppose she would say she was well aware with the cost of living pressures and with the tax cuts she was hoping to alleviate some of the burden people were feeling, day to
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day, month to month. i suppose now, given where we are, the high cost of government borrowing, high cost of mortgages, how can that be remedied? because even with that being undone, the government bond yields for the uk are still high, mortgages are still more expensive, how do we get back to the previous situation? let's just go back, you said they were trying to help people. actually they were doing tax cuts for the rich and tax increases for the poor, which were unfunded. that was the reality. there was nothing for the person trying to feed their kids and pay the bills. basically what you have now, i would say, is pandora's box. you have opened the box, the wind has come out and you can't pack it back in again. there is a permanent amount of damage being done, and it's very hard... if you said, go and fix it, that's very hard. we have never been in a situation like this. we have never had a global impact... i mean, the us treasury
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secretary, a friend of mine, said to the brits, what are you doing? this is bad for the world. so, a very sensible question you asked, what is the famous phrase, you can't get to manchester from here? the problem is you are here and you don't want to be here, and it's unclear how you go back. hunt said the solution is lots of public spending cuts, what, to the nhs? are you going to close schools? hospitals? where is the spending supposed to come from? i have no idea. ordinary people are doing much worse because of this, borrowing costs have gone up, people have to reset mortgages. the cost of energy has gone up. this is a complete and unadulterated disaster. let's get some of the day's other news. 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.
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at least four people have been killed with several more missing. the united nations security council has split over whether to send an international force to haiti to help police restore order and create a humanitarian aid corridor. the us and mexico proposed the deployment of a multinational force after criminal gangs took control of the main port, blocking fuel deliveries and food imports. russia and china have expressed reservations. the paris motor show has long been one of the most important events in the motor industry calendar. but the coronavirus pandemic had stopped it from taking place. now, after a four—year gap, the show is back on, and this time it's all about going electric as the bbc�*s tim allman explains. if you are a petrol head, this must be like heaven. # cars — gary numan. concept cars, new models, new designs. the most exciting innovations this industry can provide. but in this day and age,
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petrol is part of the problem. companies say they are trying to set out in a new direction. translation: we talk. to the french authorities to find ways of boosting electric vehicles, if we invest, it's for a good reason and we need to profit from that, and it's in our interest to see the number of electric cars go up. emmanuel macron did the honours, opening this year's paris motor show. the french president seemed suitably absorbed by the cars on show, even taking a chance to sit behind the wheel. he says his government will offer subsidies so some families can buy electric vehicles, which are notoriously expensive. translation: five years ago, 1% of the sales - market was electric. today, it is 10%. we have multiplied by ten in five years. the objective is, at the end of this five—year term, we should have 30%
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of the market. the president said cars are part of the french identity. that may never change but, for the good of the environment, the cars themselves will have to. this year's booker prize for fiction has gone to the sri lankan author shahaan karunartilaka for his novel the seven moons of maali almeida. it's a supernatural satire set in the sri lankan civil war. the award comes with a cheque of more than $55,000. the author spoke to our culture editor katie razzall. congratulations, i wonder how it feels to join the likes of salman rushdie, hilary mantel, amazing authors, and win this prize? look, i am used to releasing books to little fanfare, and that's what i thought for this, i thought it would come out, maybe some people might like it, and then we got the booker long list. that was phenomenal. every step, the party has continued, and yeah,
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i was going to have a drink and go home, and this is fabulous. turns out it's a better story and you get to win. as i said, it's a ghost story and your protagonist wakes up dead on the first page of the novel and has to spend seven moons, seven days trying to find out who killed him and expose the horrors and atrocities of war. how important is it for you to get the message of the sri lankan civil war out to a wider audience? i wasn't thinking in those terms, i was writing a murder mystery and it just seemed that every sri lankan atrocity, we never deal with it, we kind ofjust move on. the idea of a ghost story where the dead get to speak, i just thought that was an absurd enough conceit for a novel. and that's really what i was doing. but, yeah, 1989 was a grim time in our history, forgotten by many, including people in sri lanka. it was interesting to research that.
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you can reach me on twitter — i'm @benmboulos. hello there. monday brought plenty of afternoon sunshine across england and wales and it was very mild for the time of year, with temperatures reaching as high as 20 in london. that's four degrees above the october average. meanwhile, in scotland, an area of low pressure was with us all day, bringing cloudier weather and outbreaks of rain that struggled to clear away. now, what we're looking at over the next couple of days is this area of low pressure will move out of the way, and in its place, an area of high pressure will build in from the north. but because it's coming in from the north, it will have some colder air trapped in that — that reaches scotland. meanwhile, to the southwest, low pressure lurks. that's going to be flicking bands of rain across the uk over the next few days from the southwest. looking at the weather picture at the moment,
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it's quite quiet weather—wise. clearing skies for most of us and it's a much colder night as well, so temperatures starting off tuesday morning down into low single figures and, for some, i reckon there will be some mist and fog patches around, probably the worst of it across parts of wales, the midlands, east anglia and southern england. it'll take the first couple of hours before that mist and fog has cleared out of the way. then you can see the extent of the day's sunshine, just a few passing showers for orkney, shetland, clipping aberdeenshire, and there may well be a little bit of cloud just coming in across cornwall, threatening an odd spit of rain, but for most, it's dry. temperatures mild again — england and wales 14—18 degrees, bit closer to average for scotland and for northern ireland. heading into the middle part of the week, we see this area of rain extending in from the southwest. now, as the rain comes in on wednesday, it's going to come in kind of sporadically in bursts here and there. might stay dry across northeast england and dry for scotland, but you'll notice more cloud building in here, probably quite misty as well. cooler weather for scotland and
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the far northeast of england — 9—12 degrees is below average, but still mild further south, even with the rain moving in. now, for thursday, we've got a heavier band of rain that's going to push its way northwards followed by probably a mixture of sunny spells and showers. if anything, it will get a little bit milder again with temperatures up to 19 degrees in london. mild as well for northern ireland, but still relatively cool in scotland. friday, the low pressure is still with us, but it's getting closer. really, we'll see some showery bursts of rain extending northwards across the country, and some of those downpours could be quite heavy at times. that's your latest weather, bye—bye.
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this is bbc news, the headlines... in an interview with the bbc, the prime minister, liz truss, has apologised for mistakes in the government's financial strategy — a strategy that she set in motion. the majority of measures in her so—called "mini budget" have been reversed by the new chancellor of the exchequer, jeremy hunt. russia has attacked the ukrainian capital, kyiv, with a wave of explosive drones. the air strikes killed at least four people, including a pregnant woman and her husband. the us, britain and france have accused iran of violating un sanctions by supplying russian forces with the pilot—less weapons. who is now 50 years—old.

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