the biggest overhaul of banking regulation for 30 years. the government says it wants the uk to be among the most competitive financial sectors in the world. critics say the changes risk forgetting the impact of the financial crash 1a years ago, but the prime minister says there will be safeguards. today's reforms will mean that the industry remains competitive. we can create more jobs, but of course this will always be a safe place where consumers will be protected. we'll have the latest on the proposals and find out what they mean for consumers. also this lunchtime... the american basketball star brittney griner arrives back arrives back in the us after a controversial prisoner swap. more than 100,000 royal mail workers begin a wave of strikes in the run up to christmas,

with millions of pieces of post already caught in a backlog. how to free up hospital beds. we follow healthca re providers in manchester who think their new way of working could help ease the pressure. and, the excitement and tension is building in qatar as england prepare for their must—win world cup match against france. and coming up on the bbc news channel... a dream debut for pakistan's abrar ahmed, grabbing seven wickets as england were dismissed for 281 on day one of the second test in multan. good afternoon and welcome to the bbc news at one. the largest overhaul of financial regulation in the uk for three

decades will be announced by the chancellor this afternoon. the changes are expected to include a loosening of the rules on banks and their staff which were introduced after the financial crisis of 2008. the government says the move will cut red tape and "turbocharge growth". jeremy hunt said this morning that the uk has to do more to match the us in attracting funding for high risk business. critics argue that the changes risk forgetting the lessons of the financial crisis. our business correspondent marc ashdown has this report. the financial sector, it contributes more than £200 billion a year to britain's economy but it is described by one the city bigwig as jurassic park, littered with old—fashioned firms in desperate need of a shake—up. that's what we are promised, the biggest overhaul of financial regulations for 30 years. of financial regulations for 30 ears. . ., , ' of financial regulations for 30 ears. ., ., , ' ., years. there are actually1 million eo - le years. there are actually1 million

peeple employed _ years. there are actually1 million people employed in _ years. there are actually1 million people employed in financial - people employed in financial services, notjust in london and the city. they are spread across the country, in edinburgh, belfast, leeds and bournemouth. we want to continue creating jobs across the united kingdom. today's reforms will mean the industry remains competitive. we can create more jobs but of course this will always be a safe place where consumers will be protected. safe place where consumers will be rotected. ~ . u, safe place where consumers will be rotected. . , ., , protected. what can we expect? plans to scra an protected. what can we expect? plans to scrap an eu — protected. what can we expect? plans to scrap an eu imposed _ protected. what can we expect? plans to scrap an eu imposed cap _ protected. what can we expect? plans to scrap an eu imposed cap on - to scrap an eu imposed cap on bankers bonuses have already been announced. in recent years they have been capped at twice an employee's salary. also plans to cut red tape and the hiring process to make it easier to attract the brightest and best talents in the uk. banks will get more freedom to invest in long—term assets like housing and wind farms and see rules relaxed on the need to ring fence their domestic banking like mortgages and loans from the riskier investment operations. the aim is to emulate margaret thatcher's big bang of 1986, sweeping a rate regulations and restrictions to turbo—charge growth. post—brexit and the covid

pandemic there has been a growing sense in some quarters that the uk has lost some of its edge to uk make european competitors like paris and amsterdam. we european competitors like paris and amsterdam-— european competitors like paris and amsterdam. ~ ., ., , , , amsterdam. we have to be completely honest and say — amsterdam. we have to be completely honest and say london _ amsterdam. we have to be completely honest and say london at _ amsterdam. we have to be completely honest and say london at the - amsterdam. we have to be completely honest and say london at the moment| honest and say london at the moment is falling behind on competitiveness and the reason is the form of brexit that we had which didn't pay sufficient attention to the concerns of financial services companies. we are seeing business move away from london. ., . ., g , london. the chancellorjeremy hunt sa s this london. the chancellorjeremy hunt says this package — london. the chancellorjeremy hunt says this package of _ london. the chancellorjeremy hunt says this package of 30 _ london. the chancellorjeremy hunt says this package of 30 reforms - london. the chancellorjeremy hunt says this package of 30 reforms will| says this package of 30 reforms will seize on what he calls our brexit freedoms to create a more agile, home—grown regulatory regime to help businesses flourish, but there are those in the city who fear unpicking those in the city who fear unpicking those safety nets, carefully constructed after the financial crash might create a more risky climate once more. this crash might create a more risky climate once more.— climate once more. this is an extremely — climate once more. this is an extremely worrying _ climate once more. this is an l extremely worrying package of measures which in effect rolls back many _ measures which in effect rolls back many of _ measures which in effect rolls back many of the protections that were put in _ many of the protections that were put in place after the global financial crisis and undermines the

independence of regulators by turning — independence of regulators by turning them into cheerleaders of the financial system instead of watchdogs. and taken together this can only— watchdogs. and taken together this can only make future financial crises — can only make future financial crises much more likely to happen. labour_ crises much more likely to happen. labour has — crises much more likely to happen. labour has warned the government not to engage in a regulatory race to the bottom, but the chancellor said the bottom, but the chancellor said the post—2008 guard rails would not be removed and insists these reforms can generate billions of pounds to benefit us all. our business correspondent marc ashdownjoins me. so who will benefit from all of this, or who should benefit? so who will benefit from all of this, orwho should benefit? i so who will benefit from all of this, or who should benefit? i think the chancellor _ this, or who should benefit? i think the chancellor will _ this, or who should benefit? i think the chancellor will say _ this, or who should benefit? i think the chancellor will say we - this, or who should benefit? i think the chancellor will say we all - this, or who should benefit? i think the chancellor will say we all will. l the chancellor will say we all will. the financial sector generates enoughin the financial sector generates enough in tax to fund the entire police service in state school system so it is a huge driver of growth. there is a feeling the plans were a little underwhelming. it was billed as big bang to make but some in the city describe it as more of a firecracker. that's because it's a tough sell in many ways firstly, levelling up, the government's big plan to move investment out of london, especially up north. jeremy hunt is in edinburgh launching this,

they are called the edinburgh reforms but it is difficult to get away from the fact that much of this is tied up in london so that is politically quite a hard sell. getting big business to take the uk seriously is another challenge, especially big tech firms. taking deliveroo as an example, they launched a big fanfare on the london stock exchange last april. early shares traded at around £4 but they are down to around 90p now, an embarrassing fall and they are far from the only ones. there is a feeling out there that the uk is out of touch and a bit behind the times. finally, the big challenge is to convince all of us it's a good idea to relax the rules. the financial crash is still pretty fresh and a lot of people's mines. allowing more risk in can be lucrative but it needs to be very carefully managed. thank you, marc ashdown. santander bank has been fined nearly £108 million for "serious and persistent" gaps in its anti money—laundering controls. the watchdog, the financial conduct authority, says failures had opened

the door to financial crime. the watchdog said the bank had failed to properly oversee and manage systems aimed at verifying information provided by business customers. santander apologised and said it has since taken action. the american basketball star brittney griner has arrived back in the us after being released from custody in russia as part of a prisoner swap. brittney griner landed at an airport in san antonio, texas. she was detained in february after being found carrying cannabis oil at moscow airport. her freedom was secured as part of an agreement which saw the release of a notorious arms dealer, viktor bout, who'd been in prison in the us for 12 years. nomia iqbaljoins me from washington. this prisoner swap has been controversial.— this prisoner swap has been controversial. yes, president

biden's critics _ controversial. yes, president biden's critics want _ controversial. yes, president biden's critics want to - controversial. yes, president biden's critics want to know, | controversial. yes, president - biden's critics want to know, why biden�*s critics want to know, why did you only get one american hostage back. they think trading a professional athlete for a dangerous arms dealer is not even, is unfathomable. they want to know what happened to paul whelan, an american businessman who has been in a russian jail cell for four years, accused of being a spy, something he and the americans deny. he is an army veteran so republicans are saying, why wasn't he a priority. many americans are detained abroad, and longerfor the nine months than brittney griner was incarcerated for, so there is an accusation, was she given priority, was her case propelled because she is a celebrity. the white house has dismissed that and said it wasn't a two for one deal. it was either get one american backed or no americans back. they are saying they are still pushing for the release of paul whelan and other americans. it's also thought the russians were not likely to give up someone who they think is a spy. to also add, this is

the second prisoner swap that has taken place between russia and the us. whilst official relations are frozen, it shows they are keeping up shadowy communications.— frozen, it shows they are keeping up shadowy communications. nomia iqbal, thank ou. a serving metropolitan police officer has been charged with two counts of rape. pc rupert edwards was arrested on suspicion of rape in early september. the charges relate to alleged offences in lambeth in south london and in surrey, against two women in their 20s and 30s. the officer has been suspended from duty and will appear at westminster magistrates court. more than 100,000 royal mail workers have begun a wave of strikes in the run up to christmas in a row about pay and conditions. the walk—outs are hitting deliveries across the uk, with millions of pieces of mail already stuck. the latest talks between royal mail and the communication workers union broke down last night, and people are being urged to post their christmas items earlier than usual this year.

0ur employment correspondent zoe conway is at one of the busiest sorting offices in the country. i'm at mount pleasant in north london, the biggest sorting office in the uk. workers here who are members of the cwu union are staging their 13th day of strike action. there will also be another five days of strike action between now and christmas, on the 11th, 14th, 15th, 23rd and 24th of december. 115,000 workers will be walking out and because of this disruption royal mail has brought forward final christmas posting dates to the 12th of december for second class, christmas posting dates to the 12th of decemberfor second class, and the 16th of december for first class. i have been spending the morning talking to people out on the picket line and also here in the sorting office about how they are trying to cope with all this christmas post.

at the mount pleasant sorting office in north london, 100 agency workers and royal mail managers are sorting the post, filling in for 1000 striking workers. and the company says it's working hard to process the christmas post. we sympathise with any disruption that has been caused for our customers, butjust to reassure, on a day like today, even with lower staffing levels, we are still able to process between 900,000 to1 million items just through this site alone. and there is 36 other mail centres around the country doing very similar things to ensure that we do maximise the amount of mail coming to our customers, to minimise that disruption. royal mail says the future survival of the business depends on being at the forefront of next day parcel delivery, but that means change to working practices, which is at the heart of this dispute. royal mail really is at a crossroads, losing £1 million a day. despite that we are putting 9% of pay on the table for our employees, and we are trying to find the balance between that pay

and how we afford it, which is about change and is about modernisation. you can see that all around you. thompson out! 0n the picket line outside the sorting office, they are calling for the royal mail chief executive simon thompson to resign. thompson out! if the strikes continue, workers will have lost 18 days of pay this year, that's around £2000 each. is this a real sacrifice for you? because this is a lot of money that you are losing. it is and, to be truthful, no one can afford to lose money, but it's about moving forward. we've lost a lot of money now, but if we give in now, we lose a lot more than just money — our terms and conditions and the service. royal mail has announced 6000 job cuts, which it says will be achieved through voluntary redundancies. but the union isn't convinced. we are talking about compulsory redundancies. we are not going to agree that royal mail replace those workers

with self—employed drivers, with new entrants on 20% less pay, terms and conditions. the cwu accuses royal mail management of being aggressive and out of control. the company says the union is holding christmas to ransom. the outlook for this dispute is bleak. zoe conway, bbc news. rescue teams have been continuing the search for three people missing from a fishing boat off the island ofjersey. the vessel is believed to have sunk early yesterday morning after colliding with a cargo ferry. robert hall reports from jersey. they had searched until the light failed. at dawn, jersey's fishing fleet sailed again, venturing further afield, but with hope dimmed. today's resumed operation follows underwater surveys carried out by this french support vessel. meanwhile the freighter involved

in yesterday's collision is at her berth in st helier. the damage to her bow from the collision stretches for several metres above the water line. an online tracking app captures the sequence of events which then unfolded. ahead of the goodwill is thejersey trawler l'ecume ii. the two vessels converge. the moment of collision is clear. the goodwill then turns back to retrace her course, and by now an urgent call to the coastguard has brought lifeboats racing to the scene, followed by a small fleet of fishing boats anxious to join the search, fearful that one of their own may have been involved. a large number of local fishing vessels have also been helping with the search. i'd like to express my thanks to them. we also have deployed drones, beach lifeguards on jet skis and honorary police officers on the beach. the vessel is believed to have sunk in approximately 40 metres of water, which will require specialist diving resources to examine.

as the tide fell, the worst news was confirmed. one of the fishing vessels had spotted the lost trawler using its underwater radar. among the missing was experienced and respected local skipper michael michieli. jersey's fishing family, and those of their french neighbours, shared shock and disbelief. fishermen will rally together, and they do rally together, regardless of nationality. we have seen this in previous incidents. it's good to see the boys all out on the scene. alongside the searches at sea and on land, the official marine accident investigation is gathering pace. the key question facing that team is how the tragedy could have overtaken two vessels and two crews who were so familiar with this water. robert hall, bbc news, channel islands. the prime minister has announced a collaboration between the uk, italy and japan to develop

a new fighterjet. rishi sunak says the venture will create thousands of uk jobs and strengthen security ties. the jet, called tempest in the uk, are due to enter service by 2035. rishi sunak said it would help keep the country safe from new threats. we're one of the few countries in the world that has the capability to build technologically advanced fighter aircraft. that's important because it means we can keep the country safe from the new threats we face. it also adds billions to our economy and support tens of thousands ofjobs across the country, but it's also good for our international reputation. 0ur defence correspondent jonathan beale is with me. how significant is all of this, this project? i how significant is all of this, this ro'ect? ., , , ., project? i think it is in terms of security and — project? i think it is in terms of security and the _ project? i think it is in terms of security and the partnerships . security and the partnerships being created. this aircraft will eventually take over the typhoon

jets which were behind rishi sunak, it will be in service in 2025, that is the goal. it will be stealthy, supersonic, it may carry weapons like lasers, hypersonic missiles, it could even possibly be flown without a pilot, but this all costs huge sums of money, it is a very expensive programme to develop a new fighterjet which is why britain needed partners. italy were already on board, it is significantjapan is on—board because it is not a country that usually has defence projects with european countries but britain and japan share concern about china because my growing military strength and want to build their own alliances together. —— china's growing military strength. the big issue you heard from rishi sunak, jobs, making sure there are thousands ofjobs in the aerospace industry in the uk, making sure

those jobs industry in the uk, making sure thosejobs are industry in the uk, making sure those jobs are secure.— industry in the uk, making sure those jobs are secure. thank you, jonathan beale. _ our top story this lunchtime... the government has announced what it calls one of the biggest overhauls of financial regulation for more than three decades. and seven decades after her crucial help during the battle of britain, a veteran receives a special medal. coming up on the bbc news channel... the world cup quarterfinals get underway in qatar. will this be lionel messi's last chance at winning football's biggest prize as they face the netherlands, and brazil take on croatia? the excitement and the tension is building in the run up to england's all—important match against france tomorrow at the world cup. at a news conference this morning, the french manager didier deschamps said he could see "no weaknesses" in the england team. 0ur sports correspondent alex howell is at the england training camp in qatar.

alex? hi, jane. here today behind me the encland alex? hi, jane. here today behind me the england team _ alex? hi, jane. here today behind me the england team train, _ alex? hi, jane. here today behind me the england team train, their- alex? hi, jane. here today behind me the england team train, their final - the england team train, theirfinal session as they continue preparations for the game against france tomorrow. all eyes were on the session to see if raheem sterling was taking part. the chelsea forward had been back in the uk checking on his family after a break—in at his home, another selection dilemma in the england squad was with midfielder declan rice who missed a session earlier in the week with illness but he was there too, meaning southgate has all 25 of his england players available. kyle walker, it has been billed as a battle between him and kylian mbappe and earlier in the week i asked him about that, he said he would not roll out the red carpet for who many call the best player in the world at

the moment. earlier today france manager tempest was previewing the match and was asked about england's strengths and if they have any weaknesses. translation: they don't have any. all teams have strengths, not all have many weaknesses. england have seen us play four games. at the end of the day you need to identify areas where you think you can attack them. sorry, that was the france manager previewing the massive game tomorrow. laterthis previewing the massive game tomorrow. later this evening we will hear from tomorrow. later this evening we will hearfrom england's manager gareth hear from england's manager gareth southgate hearfrom england's manager gareth southgate who will be alongside england captain harry kane. gareth southgate will be able to give more information and details about whether raheem sterling will be available for the match as he has missed some tactical and crucial training sessions. there also matches between croatia and brazil and argentina and benevolence which mean when england play france they will know the other three teams in

the semifinals —— argentina and the netherlands. the semifinals -- argentina and the netherlands-— the semifinals -- argentina and the netherlands. ., ,, , ., ., ., �* netherlands. thank you for now, alex howell in qatar. _ the question of how to improve home care support in order to free up hospital beds is one of the biggest challenges facing health care. in manchester, one organisation says it is pioneering a new way of working which will help ease the pressure on nhs services. 0ur health correspondent dominic hughes has been finding out more. it's the first call—out of the day for manju and kara. so, we're going on to see stephen now. stephen's had a fall yesterday. manju will do a medical and physical assessment. i had a look at his medical records and it looks like he has parkinson's. kara, a pharmacist, will check out what medication stephen is taking. hello, sir. how are you? stephen lives alone, so as well as confirming there are no medical issues, they are making sure he can carry

on living independently. that's an antihistamine. how about going up and down the stairs? i'm 0k, just about, yeah. we'll have another rail put up here over here, 0k? yeah, because i need it. yes. stephen's fall might have led to a visit to a&e. drinka bit more, 0k? i know, yeah. but in manchester, what's known as the local care 0rganisation, is now picking up cases that may not need that level of intervention. we've got helen, - a lady in a care home. back at base in north manchester, the local team — nurses, social workers, pharmacists all working alongside each other — are running through their cases. if they decide she is going home, then, we're ready. so this team are having their morning meeting. it's still early in the day but they've already got a lot of cases on the go, and they are set for a very busy day. we would consider ourselves to be an admission avoidance service, so we're trying to prevent ambulances being called

in the first instance. when an ambulance has been called, we're taking referrals directly from the ambulance service, and we respond within one or two hours, depending on need. that's an alternative to a&e. you like being photographed, don't you? no, don't go underneath. last year, eric slipped in the shower. he was stuck there for five days until he was rescued. the local care 0rganisation found him this new flat with on—site care, should he need it. it keeps eric independent. i'd sooner live in a tent than go in a care home. instead of the traditional nursing home, which is like god's waiting room, you get shoved in, nobody visits you, nothing happens and you just wait for death. and i don't believe in waiting for death. doorbell rings. afternoon, mohamed. how's things? part of the development is dedicated to helping get people

discharged from hospital. got the football on? mohamed broke his leg and his existing flat wasn't safe. so he's staying here for a few weeks while more suitable accommodation is found. i'll do an 0t referral. this whole scheme has needed the council and the local nhs to integrate completely, a significant financial and political commitment. what it provides is a real community offer that is able to pull and support people to come out of hospital as soon as they're ready, and the offers that we have now across manchester for people mean that we can make real inroads into some of the pressures the nhs is experiencing. working together to deliver care at home and avoid visits to hospital. this all sounds simple, but it could be the key to keeping the nhs going through some tough months ahead. dominic hughes, bbc news, manchester.

about 2.4 million people in the uk watched the first episode of the harry and meghan documentary on netflix yesterday via television, according to overnight figures from barb, the official ratings body. that figure is more than double the day one viewing figures for the latest series of the crown. the second episode of the documentary was seen by 1.5 million, and the third by 0.8 million. meanwhile, the king and queen consort were visiting wrexham football club this morning — where they met the relatively new owners of the club. wrexham was bought in february last year by the hollywood actors ryan reynolds and rob mcelhenney. 0ur wales correspondent tomos morgan is at the ground. this morning as you mentioned royalty met hollywood royalty as the king and queen consort met ryan reynolds and rob mcelhenney. they bought the club roughly two years

ago and brought wrexham and the football club onto the global map with the disney plus documentary, we are wrexham. the king and the queen consort came here to meet the players, the owners and the fans that the purpose of their visit to wrexham today was to celebrate wrexham today was to celebrate wrexham becoming wales' latest and seventh city. they have gone to a local church web able mark that celebration formally. it is the king and queen consort�*s second visit to wales since he became king earlier this year. a big occasion for the city after it was made a city earlier this year, they will be then roughly one hour.— earlier this year, they will be then roughly one hour. tomos morgan, thank yom — roughly one hour. tomos morgan, thank yon -- _ roughly one hour. tomos morgan, thank you. -- they _ roughly one hour. tomos morgan, thank you. -- they will— roughly one hour. tomos morgan, thank you. -- they will leave - roughly one hour. tomos morgan, thank you. -- they will leave the i roughly one hour. tomos morgan, | thank you. -- they will leave the in rou~hl thank you. -- they will leave the in roughly one — thank you. -- they will leave the in roughly one hour. _ after their remarkable victory in the first test earlier this week, england's cricketers are back in action in pakistan.

the play has been fast and furious again, with pakistan closing day one of the second test 174 runs behind. it was their newest bowler who stole the show — asjoe wilson reports. this was the day, this was the ground of abrar ahmed. he makes the ball spin, and heads turn. oh, what a start this is! zak crawley was his first test wicket. england could be playing in multan or on the moon — they will attack. ben duckett�*s spectacular 63 was standard. it's not a ground big enough to contain england's new ambition, but the results were mixed. 0llie pope scored lots like this, and was caught like this. gone for 60. it looked like harry brook was trying to hit this back to rawalpindi. it worked so often in the first test, but it didn't here. well held. very well held. and by lunch, on his debut, abrar had five wickets. look how he dismissed ben stokes for 30. clean bowled. clear shock. abrar finished with seven wickets, but mark wood's late runs took england to 281 all out.

so, england were bowling. imam—ul—haq's faint edge, and this was the first of two wickets england took before the close of play. but pakistan's captain can score as quickly as anyone. babar azam will resume on 61 not out. pakistan already on 107 and all set up for another manic multan day. joe wilson, bbc news. a world war two veteran has finally been presented with a special medal — seven decades after she helped to pinpoint aircraft during the battle of britain. anne—marie allen was a plotter based at raf northolt during the war. now aged 99, she says she was delighted to finally receive the medal. cheryl dennis has been to meet her. 0h! i can't tell you how wonderful it is to be back here. it's 67 years since leading aircraftsman anne—marie allen was last here.

it gives me great pleasure, on behalf of the royal air force, to present you with your medal after all these years. a really, really wonderful day. thank you. a proud moment, only 70 years late. thank you so much. oh, that's lovely. thank you. i shall treasure that. you were eligible for this seven decades ago. yes! how do you feel to be finally receiving that? well, actually, i don't think i deserve it, really. i mean, when i was demobbed, the last thing i thought about was i'd get a medal. i never even thought about a medal. and what will you do with the medal? 0h, i'll wear it. wear it! sleep in it! it was here at raf northolt, in london, where anne marie worked for the women's auxiliary air force. her role locating our fighter pilots

supported our air defence system. this room is the birthplace of that system. you felt you were bringing them home safely, you know? 'first radar reports tend toward the probability l of the targets being fighter. airfields south—east and east of london.�* memories of wartime britain and her late husband, anne is living history. he would have been very proud of me, i'm sure. i'm sure he's looking down from heaven and saying, "well done, anne—marie!" as the years go by, so the number of people who lived through world war two dwindles. assuming not all medals take 70 years to be claimed, it's thought anne—marie's could be one of the last from that war to be given. cheryl dennis, bbc news, raf northolt. a remarkable woman who is 99