the uk's chancellor of the exchequer, rachel reeves says she is changing the government's self—imposed financial routes to allow for more bartering for investment.— allow for more bartering for investment. ~ a, , allow for more bartering for investment. ~ ., , ., investment. we need to invest more to crow investment. we need to invest more to grow our — investment. we need to invest more to grow our economy _ investment. we need to invest more to grow our economy and _ investment. we need to invest more to grow our economy and sees - investment. we need to invest more to grow our economy and sees the l to grow our economy and sees the huge opportunity that there are. russian leader president putin has addressed the brics summit of emerging economies in kazan and failed to deny reports that north korean troops are currently in russia. on track for catastrophe, the united nations warned we are in danger of going far over targets for tackling global warming. the government announces a ban on singles use of vapes will come into force from june of next year. let's catch up with all the latest sport now with the bbc sports centre.

thank you, ben. england's cricketers have hit back on the opening day of the final test against pakistan a match which will decide the series. after england were all out for 267, their bowlers reduced pakistan to 73 for 3 at the close. andy swiss reports. serious faces for the series decider. pakistan's bowl —— bowlers once again hoping to put england in a spin. sure enough, they soon were. zak crawley the first to go as the morning and the ball turned pakistan's way. says she can't certainly enjoyed it. joe root rather less so. yes, the pitch was playing up a bit, ask the ben duckett, which barely bounce, but england hardly help themselves and when ben stokes wins, they were 118-6 when ben stokes wins, they were 118—6 and were in deep trouble. when

they needed something special, and to jamie smith. as he clobbered pakistan's bowlers to all corners. his brilliance matched only by such econ�*s on the boundary. watch this. although that catch just alluded pakistan, this one didn't, and smith out for 89 and england all out for 267. how good a score would that prove? now it is the turn of pakistan for trial by spin, show beshear trapping him and that was just the start, jack leach roofe —— removing and also proving peace could do the trick. a fluctuating first day but it is england to have the momentum. there's another really busy night of european football coming up, with europa league and uefa conference league matches. manchester united are still waiting for their first win and are unlikely to get an easy ride in istanbul against fenerbahce

and theirformer managerjose mourinho. when you don't win games than the criticism is comment but at the end of the day it is about how you are at the end of the year, still in his best form and will be successful and thatis best form and will be successful and that is where we will be. we are convinced that we are in the right direction and we follow the right path and we will achieve what our targets are. tottenham have won both their games in the europa league so far and host dutch side az alkmaar later. spurs didn't play in europe last season and are determined to give a good account of themselves. lots of other matches on thursday, roma will meet dynamo kyiv both sides looking for their first win, olympique lyonnais will look to maintain their 100 percent record against besiktas, so too lazio at twente and rangers face fcsb in glasgow,

the romanians have also won their first two matches. jack draper is through jack draper is through to the quarterfinals to the quarterfinals of the vienna open. of the vienna open. the british number one beat italy's the british number one beat italy's world number 42 luciano darderi world number 42 luciano darderi in straight sets in austria. in straight sets in austria. draper, who is trying to win draper, who is trying to win a second atp title this year a second atp title this year will play third seed will play third seed grigor dimitrov next. grigor dimitrov next. katie boulter is into the last eight katie boulter is into the last eight of the pan pacific open in of the pan pacific open in the way it measures its debt. tokyo. tokyo. the british number one beat the british number one beat the japanese lucky loser the japanese lucky loser kyoka okamura in straight sets. kyoka okamura in straight sets. she'll face canada's bianca she'll face canada's bianca andreescu in herfirst andreescu in herfirst quarterfinal on tour quarterfinal on tour since eastbourne injune. since eastbourne injune. that is all the sport for now. thank that is all the sport for now. thank you. you. more now on news that more now on news that the chancellor, rachel reeves, the chancellor, rachel reeves,

has confirmed the uk will change has confirmed the uk will change the way it measures its debt. she said it would allow the government to borrow more money to pay for greater investment. she was speaking to our economics editor, faisal islam, in washington, where she's been at a meeting of the imf.

spending with tax receipts, and we will meet that within this parliament. that's something that the previous government never achieved. but it's really important for the sustainability of public finances. and the second rule is our investment rule, so that we can grow our economy and bring jobs and growth to britain. and we will be changing the measure of debt. i'll set out the details of that to the house of commons next week. but i've listened to the imf and i'm at the annual meetings this week who have been clear that we do need to free up more money to invest in capital, as well as listening to people like gus o'donnell, mark carney, andy haldane and jim o'neill, who are all saying we need to invest more to grow our economy and seize the huge opportunities there are in digital, in tech, in life sciences, in clean energy, but will only be able to do that if we change the way that we measure debt. so the credibility of these rules is really important for everybody, for the public, for the markets. some might see this as a slightly sneaky shuffle when you're in a bit of a tight bind fiscally. so the credibility of these rules is really important for everybody, for the public, for the markets. some might see this as a slightly sneaky shuffle when you're in a bit

of a tight bind fiscally. or are you embracing the idea that this is meant to, for example, maintain investment levels at 2.5%? is that what you're trying to do? the first rule, the stability rule, is the one that really binds and is hard to meet. and that will require difficult decisions on spending, welfare and taxation. but there's a choice then, about whether we want to continue on this path of decline. and the plans that i've inherited from the conservatives see public sector net investment decline quite rapidly as a share of our economy. and if we continued on that path, we would miss out on other opportunities and other countries would seize them. well, i don't want those jobs and those investments going to other countries. i want to see them in britain because we've got huge potential. but of course, it's important that every pound of taxpayers money spent, gets value for money and delivers a return for the taxpayer when you invest in big capital projects. so we will be putting in guardrails with the national audit office and the office for budget responsibility, validating the investments that we're making to ensure we deliver that value for money and to give markets confidence that there are rules around the investments that we can make as a country. so borrowing more to invest by billions of pounds, but also increasing taxes by potentially tens of billions of pounds, some of them

will fall on working people, whether it's income tax thresholds or national insurance for employers, or inheritance tax or stamp duty. should you not have been clear about this before the election? because not all of this is a surprise. there's three things going on here in terms of what i have inherited. the first is the £22 billion black hole this year in the public finances, and that continues into future years. that was not disclosed ahead of the election by the conservatives either to parliament, the public or indeed to the office of budget responsibility, and they'll be publishing their review on how that was allowed to happen alongside the budget next week. in addition to that, there were compensation payments that rightly, the previous government announced, but they didn't put money in place for. so infected blood and the horizon scandal. and then there is the trajectory for public spending. that would be a return to austerity, which we said in the election we would not support, and the state of public services since we took office. that has come to light. whether that is there not being enough spaces in our prisons or the darzi review into what's happening in the health service shows that we cannot continue on that path. so it will require difficult decisions on spending, welfare and tax.

we will set those out in the budget next week because. in the budget next week because you're basically saying you have to increase spending, so is that a difficult decision on spending really? look, it's very clear that many departments are going to have the challenging settlements and but that is the situation that we face, that there were a number of unfunded commitments that the previous government have made. we already injuly, set out some of those difficult decisions and i'll be setting out more detail in the budget next week, but it is important that we get a grip on that day to day spending that we pay for day to day spending through tax receipts. we reform our public services to boost productivity and get better value for money. and if we can do those things and give certainty and clarity to financial markets, then we can also free up that investment capital

so that we can bring good jobs, productivity here and so that our country is on a path, not of decline, but of seizing the opportunities, because my ambition for britain has never burned brighter. there are huge opportunities, but only if government and business work together to seize them and invest in those opportunities of the future. now, at this meeting, especially, britain led the world on aid spending, but because of the interaction with the asylum budget, it could be that we spend less than 0.5% of gdp. on top of that, you're being asked for reparations of hundreds of billions, potentially from some developing countries. what is going on in this space? well, one of the things that yvette cooper at the home office is doing is getting a grip of the asylum budget. it was being overspent by £61; billion just this year when we entered office. the rwanda scheme, the cost of asylum accommodation. we're getting a grip of that. we've already set up the border command to ensure that people cannot make those illegal

crossings, and we get a grip of the gangs who are exploiting some of the most vulnerable people in the world. but you're right to say that at the moment, the aid budget is used for the accommodation of asylum seekers in the uk. if we can get a grip of that asylum budget, we can free up resource for what the intention of that budget was. the number of shoplifting offences recorded by police in england and wales has risen to a new 20 year high. up up 29% on the recorded previous 12 months the policing minister said the data is shows the scale of the challenge we have inherited in our mission to make the streets safer. other offences which have gone up include robbery and knife

climb —— crime. talk us through some of the statistics which seem pretty grim. i of the statistics which seem pretty rim. ~' , ., , of the statistics which seem pretty irim_ ~ , ., , , grim. i think shoplifting is the headhne grim. i think shoplifting is the headline figure _ grim. i think shoplifting is the headline figure to _ grim. i think shoplifting is the headline figure to come - grim. i think shoplifting is the headline figure to come out i grim. i think shoplifting is the | headline figure to come out of grim. i think shoplifting is the - headline figure to come out of these and these are annual crime survey figures for england and wales. we have reported this again and again how shoplifting has become a nightmare for retailers on the high street. these figures are dramatic i think. a 30% rise in a year, almost half a million individual offences, the highest figure since these records began in 2003. a significant jump records began in 2003. a significant jump in the figures for shoplifting and other offences are up, robbery up and other offences are up, robbery up 6%, knife crime up 4%, robbery with a knife or sharp instrument, 4% and consumer retail fraud with a knife or sharp instrument, 4% and consumer retailfraud i9%. thomas through some of the context here. ,., , , here. the figure some terrible but ou will here. the figure some terrible but you will remember _ here. the figure some terrible but you will remember during - here. the figure some terrible but you will remember during the - you will remember during the pandemic crime figures dropped off a

—— cliff and everyone stayed at home and there was almost no crime and what these figures are actually showing us is that crime levels are returning back to pre—pandemic levels almost back to the norm if you would like. i think the figure for shoplifting stands out that has gone up significantly in just a year, but the other figures are really returning to levels that we had before the pandemic. the general crime rate is still i8% below pre—covid levels and still have fallen substantially since a mid—i9 90s peak. fallen substantially since a mid-19 90s eak. ~ . , fallen substantially since a mid-19 90s eak. ~ ., , ., 90s peak. what is the government set? policing _ 90s peak. what is the government set? policing minister— 90s peak. what is the government set? policing minister has - 90s peak. what is the government set? policing minister has said - set? policing minister has said records have _ set? policing minister has said records have been _ set? policing minister has said records have been set - set? policing minister has said records have been set for- records have been set for shoplifting found to create a specific offence of assaulting a shop worker and also said they are going to reduce what is called a £200 threshold so if you steal goods and a chocolate £200 generally speaking the police are very

unlikely to go after you, the maximum sentence is six months above £200 seven years and people know this so there is this threshold that people where they don't get to him and say they are going to scrap that and say they are going to scrap that and clamp down on shoplifting which they have described as a scourge. thank you very much. the sale of disposable vapes will be banned in england from next summer. ministers say the move is intended to protect children's health and prevent environmental damage from the single use products. the ban will come into effect in england from june next year. the director general of the uk vaping associationjohn dunne says the ban won't work. it's one we are waiting for an expected to be effective april one so the government has parts that the back by two months but our main concern around this is that we do not think it is going to be effective. we think it will fuel a black market and cause even more environmental issues because they are not banning the importation of

these products, they arejust banning them for sale. that means the market is going to be flooded with devices that are going to be unregulated as they currently are and we really won't know what is in them and that is a huge concern to us. them and that is a huge concern to us, �* ., ., , , them and that is a huge concern to us. material focus is a not-for-profit - us. material focus is a - not-for-profit organisation that not—for—profit organisation that encourages people to recycle there electronic waste like vapes and we could talk to this now about their director general scott buttler. where do you stand on this, will this work are not? i where do you stand on this, will this work are not?— this work are not? i think it sends a stron: this work are not? i think it sends a strong signal — this work are not? i think it sends a strong signal and _ this work are not? i think it sends a strong signal and we _ this work are not? i think it sends a strong signal and we have - this work are not? i think it sends a strong signal and we have been| a strong signal and we have been researching and campaigning for a long time highlighting the fact that the disposable vapes are terrible products for the environment and that the producers of the should have been stepping up and doing more to get them recycled, everyone who sells a vapes should be offering take—back for them as an example. we also potentially think the staff at the store. emergency products manoeuvre themselves outside of the definition of a disposable bait,

very simple in nature and pricing as well. over the last three or four years people have been sold this disposability of vapes and it will takes a long time to get through that. you can recycle these vapes so you can drop them off to the nearest point to you which is a good message to get across, these should never be pinned or littered. indie to get across, these should never be pinned or littered.— pinned or littered. we see them everywhere. _ pinned or littered. we see them everywhere, littered _ pinned or littered. we see them everywhere, littered almost - everywhere, littered almost everywhere, littered almost everywhere we go but why are they so environmentally damaging, which you say? environmentally damaging, which you sa ? , ., ., ., ., ., say? they are full of quite a lot of valuable material _ say? they are full of quite a lot of valuable material not _ say? they are full of quite a lot of valuable material not least - say? they are full of quite a lot of| valuable material not least lithium and copper which is important for the green tech future we are trying to build but lithium batteries which could be used. —— recharge was so crazy that they are in a single use product and they can cause fires if they are damaged as well so it is a combination of many things but is the first ever or the poster child

of something we called fast attack which is this increase in cheap disposable not very good quality technology and that is something we are trying to step down on. $5 it technology and that is something we are trying to step down on.— are trying to step down on. as it is are trying to step down on. as it is a hue are trying to step down on. as it is a huge problem. _ are trying to step down on. as it is a huge problem, i _ are trying to step down on. as it is a huge problem, ithink— are trying to step down on. as it is a huge problem, i think5 - are trying to step down on. as it is a huge problem, i think5 million l a huge problem, i think 5 million a week are being either being put in the day or thrown away as litter, and an enormous number. indie the day or thrown away as litter, and an enormous number. we think between now— and an enormous number. we think between now in _ and an enormous number. we think between now in a _ and an enormous number. we think between now in a band _ and an enormous number. we think between now in a band coming - and an enormous number. we think between now in a band coming in i and an enormous number. we think between now in a band coming in it| between now in a band coming in it could be 150 million could be pinned or littered in all that valuable material is lost and if it is just different vapes that are being bought afterwards in the same bought afterward