tv The Papers BBC News October 26, 2022 10:30pm-10:46pm BST
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hero, and so many times it's been harry kane. although his delight turned to disappointment. the goal was ruled out for offside. spurs are still in poll position, but with a tough fixture in marseille to come. nesta mcgregor, bbc news. time for a look at the weather. here's louise lear. it was very warm for some today. you don't have to look far the moment to see the signs of climate change. these are the temperatures we should be having in late october. look what we are going to expect tomorrow. everywhere seeing above—average temperatures, and in the south—east we could see temperatures 22 degrees as a high, 72 fahrenheit, that's more akin to a day injune rather than late october. the wind direction is the key factor, coming all the way up from africa, and it's notjust all the way up from africa, and it's not just the all the way up from africa, and it's notjust the uk that's experiencing this warmth. temperatures in central
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europe a good 10 degrees above average as well. here high—pressure keeping it dry. for others it is a different story. yes, it is going to be mild but at times we still have some wet and windy weather to come. and in fact the first signs of that arriving into the south—west during the evening and overnight will see some rain, some of it heavy as it pushes north. there will be lots of low cloud and mist and fog, a very mild start for many. clearer skies further north and east of scotland, that's where the best of the morning sunshine is but it isn't expected to last as the rain continues to drift steadily northwards. it will weaken a touch and then allow for some sunshine to come through, do so with some lengthy spells of sunshine we could see temperatures up as high as 21, 20 2 could see temperatures up as high as 21,20 2 degrees, 72 could see temperatures up as high as 21, 20 2 degrees, 72 fahrenheit. but another very mild day for the time of year. more wet and windy weather to come, however, on friday. still the wind direction coming from the south, but gales are likely with that rain. so as it continues to
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push dudley north and some of that on friday will be much heavier than thursday's rain, but behind it again some sunshine coming through and once again those temperatures still really mild for the end of october. thanks, louise. and that's bbc news at ten on wednesday 26th october — there's more analysis of the day's main stories on newsnight with victoria derbyshire which isjust getting under way on bbc two. the news continues here on bbc one, as now its time to join our colleagues across the nations and regions for the news where you are, but from the ten team it's goodnight. so, it's the first full day in the job for new hello and welcome to our look ahead to what the papers will be bringing us tomorrow. with me, sonia sodha, who's the chief leader writer of the observer, and rosa prince, who's the editor of the house magazine. welcome to you both. quite a few papers already in. let's have a look
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at but we have got so far. many of the front pages cover the fallout of rishi sunak�*s first prime minister's questions. "cuts warning as sunak rips up truss growth plan" is the is headline. the ft covers the delay in the halloween fiscal event. the debt—cutting plan will now take place on the 17th of november. that is after the bank of england, though, is going to be looking at interest rates. the telegraph features the pm at the despatch box under the headline "sunak reconsiders tax rises as budget delay saves £15 billion". the guardian focuses on the mr sunak�*s fracking ban —— the guardian focuses on rishi sunak�*s fracking ban reversal in england. it also has pictures of protests in iran following mahsa amini's death. the express accuses rishi sunak of torturing pensioners. it asks — "do you really
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want to scrap pension triple again?" the metro carries criticism of the foreign secretary james cleverly, after saying lgbt football fans should compromise if attending the world cup in qatar. homosexuality is illegal in the gulf state. punishable by a jail sentence of between three and seven years. thank you, both of you, forjoining us tonight. a lot to get through. we will come to the fiscal statement delay perhaps in a moment, but sonia, can i start with you? thanks for your —— banks fear mortgage carnage. that sums up these really dark storm clouds coming over the uk. that is riuht. so clouds coming over the uk. that is right- so with _ clouds coming over the uk. that is right. so with interest _ clouds coming over the uk. that is right. so with interest rates - clouds coming over the uk. that is right. so with interest rates going | right. so with interest rates going up, a very important impact that has its people with mortgages. they are going to see their mortgages go up, sometimes by hundreds of pounds a
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month, in terms of their repayments, and renters also are likely to see rents go up because, often come by to let landlords will pass those in crisis onto renters. this is about how banks are preparing themselves for that shock of people not being able to pay their mortgages and they are sort of shoring up their own balance sheets. i think it is quite worrying. there are lots of people were barely making ends meet at the minute, what with energy prices going up, food prices going up. there's lots of people, lots of families who cannot afford an increase in the monthly payment of housing. some homeowners could buy themselves defaulting, evicted, and same with renters, really, if there rents go up and they can no longer afford their rent. so it is really troubling story. i think is a product of some of the global headwinds, but it is
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also a product of decisions that have been taken by conservative prime ministers, particularly liz truss and the mini budget. we have seen interest rates come down in recent days, and that also has an impact on interest rates —— borrowing come down in recent days. worrying story. a lot of grim economic news around, and sometimes it is easy to forget these headlines about big numbers, they translate real peoples lives in the real peoples budgets of any awful thing about housing situations is if you cannot make your monthly payments, sometimes that can be two evictions, sometimes that can be two evictions, so a lot of people will be worried about that. so a lot of people will be worried about that-— so a lot of people will be worried about that. rosa, a lot of people are coming _ about that. rosa, a lot of people are coming to — about that. rosa, a lot of people are coming to renegotiate - about that. rosa, a lot of people are coming to renegotiate their l are coming to renegotiate their mortgages as well, and those people are going to have quite a shock if you have been bumping along at 1.2 five, above base. that you have been bumping along at 1.2 five, above base.— five, above base. that is right. i think we have _ five, above base. that is right. i think we have gotten _ five, above base. that is right. i think we have gotten distracted|
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five, above base. that is right. i- think we have gotten distracted from the kind _ think we have gotten distracted from the kind of— think we have gotten distracted from the kind of very real cost—of—living traumas _ the kind of very real cost—of—living traumas playing out at the present time by— traumas playing out at the present time by the politics. we have a change — time by the politics. we have a change of— time by the politics. we have a change of leader, there's not a lot going _ change of leader, there's not a lot going on_ change of leader, there's not a lot going on in— change of leader, there's not a lot going on in westminster, but it was almost _ going on in westminster, but it was almost pushed to the side, because of these _ almost pushed to the side, because of these crises, that for the last few month, just a after day, we've been _ few month, just a after day, we've been hearing these terrible series of news _ been hearing these terrible series of news about interest rates, heapte's _ of news about interest rates, people's mortgages, going to the shops— people's mortgages, going to the shops and finding the food on the shelf— shops and finding the food on the shelf is _ shops and finding the food on the shelf is more and more expensive. i was in _ shelf is more and more expensive. i was in a _ shelf is more and more expensive. i was in a supermarket earlier and noticed _ was in a supermarket earlier and noticed foster had gone up 10p since the last— noticed foster had gone up 10p since the last time i had bought pasta. energy— the last time i had bought pasta. energy prices, those bills the last time i had bought pasta, energy prices, those bills keep coming — energy prices, those bills keep coming in, and as we approach the next thursday, when the bank of england is going to put up interest rates, _ england is going to put up interest rates, they seem to be whispering they wiii— rates, they seem to be whispering they will go up as much as .75, the one coming — they will go up as much as .75, the one coming down the track is mortgages, and the banks, just as they did _ mortgages, and the banks, just as they did in — mortgages, and the banks, just as they did in 2008 them are having to print
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protect themselves, so they are having _ protect themselves, so they are having these cash reserves to have some _ having these cash reserves to have some kind — having these cash reserves to have some kind of questions... in some kind of questions... previous some kind of questions... in previous crisis, our homeowners that are protected? i previous crisis, our homeowners that are protected?— are protected? i think the banks are better protected _ are protected? i think the banks are better protected because _ are protected? i think the banks are better protected because they - are protected? i think the banks are better protected because they have| better protected because they have been through this before and know what to— been through this before and know what to do. most consumers have been rather— what to do. most consumers have been rather lowered by this age of low interest— rather lowered by this age of low interest rates and people do not factor— interest rates and people do not factor that in with a budget for their— factor that in with a budget for their one _ factor that in with a budget for their one. they don't think, in six months' time, maybe i am going to need _ months' time, maybe i am going to need a _ months' time, maybe i am going to need a bit _ months' time, maybe i am going to need a bit more, particularly because _ need a bit more, particularly because salaries do not seem to be going _ because salaries do not seem to be going up— because salaries do not seem to be going up all that much, even though inflation _ going up all that much, even though inflation is — going up all that much, even though inflation is. no, ithink going up all that much, even though inflation is. no, i think there are lots of— inflation is. no, i think there are lots of people who reallyjust cannot — lots of people who reallyjust cannot find that extra cover that may be — cannot find that extra cover that may be added to their mortgage every month _ may be added to their mortgage every month. �* , ., may be added to their mortgage every month. 3 ., ., may be added to their mortgage every month. �*, ., ., ., ., month. let's go on to the ft, sonia, because we — month. let's go on to the ft, sonia, because we have _ month. let's go on to the ft, sonia, because we have got _ month. let's go on to the ft, sonia, because we have got the _ month. let's go on to the ft, sonia, because we have got the delay, - month. let's go on to the ft, sonia, because we have got the delay, as l because we have got the delay, as we know, to this fiscal statement. breathing time. jeremy hunt said it
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was a fiscal —— sensible decision. what do you think? -- sensible decision. what do you think? ., ~ -- sensible decision. what do you think? . ~ , ., think? yeah, i think it is not the big surprise- — think? yeah, i think it is not the big surprise. this _ think? yeah, i think it is not the big surprise. this following - big surprise. this following statement was always going to get delayed if sunak and hunt felt that the markets could take it any market have studied a bit since sunak took over the home, and it is probably a goodideain over the home, and it is probably a good idea in the sense that rishi sunak has only been prime minister for what now, 2a hours, and to come out with a huge, big physical event, it is basically a budget, next monday in a just a few days into the job, that does not necessarily pave the way for the decisions to be made. if you can get away with delaying it a bit, and it seems like they have got away with that, i think it is really hard to overstate how painful this is going to be
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posted by all accounts, rishi sunak and jeremy hunt are planning on implementing some very painful spending cuts and tax rises too, in order to try and close the £75 billion black hole that liz truss's mini budget left the country in... can we come onto that in a minute? butjust in terms of the three week delay, rosa, it does buy them time, but it also present will he means that the forecasts might not be quite as dire and could effectively save the government money in terms of the borrowing? would you agree that was a prudent decision? 50 be that was a prudent decision? so be here. we that was a prudent decision? so be here- we hear— that was a prudent decision? so be here. we hear it _ that was a prudent decision? so be here. we hear it could _ that was a prudent decision? so be here. we hear it could save - that was a prudent decision? so be here. we hear it could save several billion, _ here. we hear it could save several billion, the — here. we hear it could save several billion, the bank of england maybe do not _ billion, the bank of england maybe do not take whites at a sanguine view, _ do not take whites at a sanguine view, because it makes it so much harder— view, because it makes it so much harder for— view, because it makes it so much harder for them to do proper analysis— harder for them to do proper analysis of where the economy is, because _ analysis of where the economy is, because they do not have much of a clue of— because they do not have much of a clue of what — because they do not have much of a clue of what the government is spending... clue of what the government is spending- - -_ clue of what the government is sendinu... . , ~ spending... andrew bailey, i think, described as _
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spending... andrew bailey, i think, described as flying _ spending... andrew bailey, i think, described as flying blind. _ spending... andrew bailey, i think, described as flying blind. exactly, l described as flying blind. exactly, which seems _ described as flying blind. exactly, which seems a _ described as flying blind. exactly, which seems a bit _ described as flying blind. exactly, which seems a bit unfair - described as flying blind. exactly, which seems a bit unfair on - described as flying blind. exactly, i which seems a bit unfair on andrew bailey. _ which seems a bit unfair on andrew bailey. but — which seems a bit unfair on andrew bailey, but as sonia said, the markets _ bailey, but as sonia said, the markets seem to like it. the ft describes — markets seem to like it. the ft describes it as a bonus dividend, after— describes it as a bonus dividend, after the — describes it as a bonus dividend, after the chaos of the liz truss era, _ after the chaos of the liz truss era. just — after the chaos of the liz truss era, just literally giving nothing is better— era, just literally giving nothing is better than anything, so they do seem _ is better than anything, so they do seem to _ is better than anything, so they do seem to have settled down. but i had heard _ seem to have settled down. but i had heard originally that rishi sunak had wanted his own chancellor in number— had wanted his own chancellor in number ii, — had wanted his own chancellor in number", but i had wanted his own chancellor in number 11, but i thinkjeremy hunt, who originally had wanted to push on and go _ who originally had wanted to push on and go for— who originally had wanted to push on and go for this following, we are not illogical that a budget, but whatever it is, and the price... autumn — whatever it is, and the price... autumn statement, i think now. autumn statement, i think now. autumn statement. the price was to agree _ autumn statement. the price was to agree to _ autumn statement. the price was to agree to this delay. rishi sunak, the former— agree to this delay. rishi sunak, the former chancellor, there is no way he _ the former chancellor, there is no way he is — the former chancellor, there is no way he is going to sayjeremy hunt can have _ way he is going to sayjeremy hunt can have control over treasury policy — can have control over treasury policy. he _ can have control over treasury policy. he is definitely going to set his— policy. he is definitely going to set his economic agenda and the idea he could _ set his economic agenda and the idea he could do— set his economic agenda and the idea he could do that in a week was
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ridiculous _ he could do that in a week was ridiculous. so ever and seems to agree _ ridiculous. so ever and seems to agree this — ridiculous. so ever and seems to agree this was a good idea, apart from _ agree this was a good idea, apart from andrew bailey.— agree this was a good idea, apart from andrew bailey. let's go onto the i, from andrew bailey. let's go onto the i. sonia. _ from andrew bailey. let's go onto the i, sonia, today, _ from andrew bailey. let's go onto the i, sonia, today, and - from andrew bailey. let's go onto the i, sonia, today, and what - from andrew bailey. let's go onto the i, sonia, today, and what you| the i, sonia, today, and what you were talking but a moment ago, and thatis were talking but a moment ago, and that is the cuts. taxes are going to have to rise, department or going to have to rise, department or going to have to rise, department or going to have to face cuts, it seems, as well. we understand german —— german hunt is having a 50—50 balance between the two things, but it is going to be painful, bearing in mind these departments do not have access at the moment. that's riuht. have access at the moment. that's right- there _ have access at the moment. that's right- there is— have access at the moment. that's right. there is a _ have access at the moment. that's right. there is a lot _ have access at the moment. that's right. there is a lot of _ have access at the moment. that's right. there is a lot of areas - right. there is a lot of areas of government spending that have been cut quite soon since 2010 as part of george osborne's austerity and philip hammond's austerity, successive conservative next chancellors decided, even though borrowing rates were very low and it was a very wise time to borrow, they decided they wanted to try and balance the books, despite that, after the global financial crisis, and so what that means is there's
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very to cut. in fact services already on their knees. the nhs has had its... we can see it with the impact of pandemic, nhs waiting lists are the longest they have been in a decade. people are having to wait weeks to get treated, sometimes months. schools, head teachers are saying that it is going to the stage where they are having choices like, can be cut staff or do we turn the heating down? make it a bit colder? because how are we going to make the budgets add up? and then there's this very sick and question about working age things like tax credits to go to parents on a lower income, disability benefits for people with disabilities. there is now this big question over whether these benefits are going to be uprooted by inflation. what that means is they are put up so they are value, their real value, stays the same when you take into account the price rises
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that people are facing because of the cost of food any cost of energy. hence we have had so far are that those increases may not be guaranteed, which essentially means that people, low—paid people, people with disabilities, are going to be sick never can the worse off, and comes in the wake of the ten years of cuts to tax credits —— significantly worse off. significantly more tax cuts to people more affluent, income tax cuts, so it is really... it is really hard to see where this money is going to come from. there are not any areas to cut any more. it is going to absolutely affect key public services. you cannot do it without touching the areas of government spending, so i think it is very worrying for the fabric of the welfare state in the uk and our public services infrastructure which is already under great strain. except they are called efficiency savings, aren't they, rosa, not called cuts?—
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savings, aren't they, rosa, not called cuts? . , ., called cuts? that is right, and the one thing that _ called cuts? that is right, and the one thing that rishi _ called cuts? that is right, and the one thing that rishi sunak - called cuts? that is right, and the one thing that rishi sunak is - called cuts? that is right, and the one thing that rishi sunak is not i one thing that rishi sunak is not going to — one thing that rishi sunak is not going to do is take the liz truss approach — going to do is take the liz truss approach of saying, we do not have two really _ approach of saying, we do not have two really come up with the money for this _ two really come up with the money for this he — two really come up with the money forthis. he is very two really come up with the money for this. he is very keen to balance the books, — for this. he is very keen to balance the books, put a spin on it and call it efficiencies or whatever it is. i think it — it efficiencies or whatever it is. i think it is — it efficiencies or whatever it is. i think it is really interesting this figure _ think it is really interesting this figure we — think it is really interesting this figure we have heard about the 50-50, — figure we have heard about the 50-50, it — figure we have heard about the 50-50, it is figure we have heard about the 50—50, it is going to come from efficiencies _ 50—50, it is going to come from efficiencies and from tax, apparently during the george osborne era, apparently during the george osborne era. the _ apparently during the george osborne era, the figure was more like 20—80, but the _ era, the figure was more like 20—80, but the ducting to be some understanding the new government that you _ understanding the new government that you cannot cut any more, that there _ that you cannot cut any more, that there is— that you cannot cut any more, that there is not— that you cannot cut any more, that there is not any. if you do not want terrible _ there is not any. if you do not want terrible headlines about people dying _ terrible headlines about people dying in — terrible headlines about people dying in hospital corridors or whatever— dying in hospital corridors or whatever it is, you're going to have to leave _ whatever it is, you're going to have to leave them alone and make cuts elsewhere — to leave them alone and make cuts elsewhere or put up taxes. none of which _ elsewhere or put up taxes. none of which are _ elsewhere or put up taxes. none of which are going to be very popular with the _ which are going to be very popular with the conservative party back ventures — with the conservative party back ventures. rishi sunak's got his honeymoon for now, but i do not think— honeymoon for now, but i do not think it _ honeymoon for now, but i do not think it is — honeymoon for now, but i do not think it is going to last all that long. — think it is going to last all that long. as — think it is going to last all that long, as he begins to have to mix
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