financial turmoil leaving during financial turmoil here in the uk, calling it a crisis made in downing street. >> to go or not to go, that is now a question . the prime now a question. the prime minister will be damned if he does, but he will surely be damned if he does not. the british people deserve better. chancellor of the exchequer. >> in other political news tonight, tulip siddiq has stepped down as treasury minister amid mounting pressure from an anti—corruption investigation. the labour mp is facing allegations of embezzlement involving her family in bangladesh, where her aunt served as prime minister. she is also under investigation in the uk over properties linked to her aunt's allies. well, despite insisting she's done nothing wrong, she says she's staying. she wouldn't stay in the role because it could be a distraction. it's the second resignation now in just six months, raising further questions about sir keir

starmer's leadership. and shadow home secretary chris philp is one of those weighing in on siddique's resignation, accusing keir starmer of being far too slow to act. >> i think the prime minister was far too slow to act in this case, the independent advisers report say there are still a number of unanswered questions about the origin of some of these extremely expensive property properties that tulip siddiq somehow purchased. she had no visible means to do so. she herself claims to have forgotten certain information about how she came to own them. there are lots of unanswered questions about whether these properties are connected to tulip siddiq aunt's corrupt regime in bangladesh. >> well, in a first of its kind operation, three men have been arrested in iraq for allegedly running a global people smuggling network, moving migrants here to the uk and elsewhere in europe. one of the men, a 38 year old, is accused of coordinating the transportation of migrants via yachts. the other two men, aged

in their 40s and 30s, are accused of processing financial transactions and gathering migrants for the group. they are believed to have links to a uk based smuggler jailed last year based smugglerjailed last year for facilitating small boat crossings, and the gaza ceasefire and hostage release dealis ceasefire and hostage release deal is said to be on the brink, with talks resuming in doha today to finalise the details. president biden says the agreement, which includes a surge of aid to palestinians and a phased hostage release deal, is now closer than ever. hamas is now closer than ever. hamas is reported to have accepted the deal is reported to have accepted the deal, but qatari mediators warn it could still fall apart over final details. well, with donald trump's inauguration looming next week, pressure is now mounting to seal that deal, which could see israeli troops begin to withdraw. and before i hand you back to nigel in westminster, some royal news for you today. the princess of wales has revealed her cancer is in remission. in an emotional

instagram post, she thanked staff at the royal marsden hospital for their exceptional care, saying it's a relief to be in remission after chemotherapy. princess catherine also shared that adjusting to life after a cancer diagnosis takes time, but expressed hope for a fulfilling year ahead. and that message signed catherine also thanked supporters for their kindness over the past year. those are the headlines for now. i'll be back with you in an hour. now though, it's over to nigel for the very latest gb news direct to your smartphone, sign up to news alerts by scanning the qr code or go to. >> gbnews.com/alerts. >> gbnews.com/alerts. >> good evening. so, as you know, the chancellor of the exchequer, rachel reeves, has been off to china. now, to be fair, this was not a last minute panic trip. it was booked some time ago, although i have little doubt she would have urged the

chinese. please, please, please buy government bonds because our ten and 30 year yields that mean interest rates have been going up and up and up over the course of the last few weeks, that at the same time as inflation is going up, as growth is at best flatlining and the pound is starting to tumble on the exchanges. i have to say, i thought her speech today, i'm not even going to show you any of it, frankly, was a nothingness. i believe she's completely and utterly out of her depth. and when she says that growth is the number one mission of this government, well, you know what.7 increasing the size of the public sector, whilst at the same time doing things that reduce the size of the private sector is not, in my opinion, a recipe for growth, for growth. she looks tired. well, that's fair enough. it's not easy being a cabinet minister, but somehow you just get the feeling. i get the feeling she won't last more than a few months. i wonder whether you agree. at home, will reeves

survive? farage @gbnews dot com? let me know your thoughts on it. i'm joined in the studio by madeleine ross, money reporter at the daily telegraph. i'm joined by sir robert buckland, former conservative mp and former conservative mp and former lord chancellor, and joe phillips, journalist and former press secretary to paddy ashdown. madeleine, let's start with you. i you know, i've just gone through the list there, medium and long term interest rates rising, inflation going up, the pound going down, growth dead. and we've got some more figures coming out tomorrow haven't we. >> yes. there will be more inflation figures covering november coming out tomorrow. but it's clear that the market is expecting those to be less positive than we've seen in the inflation figures recently. everyone will remember, of course, that after liz truss's mini—budget, whether or not you believe that it was caused by the mini—budget, inflation rates jumped very high, causing a lot of mortgage pain for people. it's not looking like it's going to jump that high again, but we are expecting a little uptick. >> why do you say that? it's not very far away is it. it's i mean

it's more of a slow motion thing than it was. >> yeah. it's definitely not a pretty picture at the moment. and there'll be a lot of concern in the markets that rachel reevesis in the markets that rachel reeves is in action on a number of issues, particularly around employers. and i from the budget, which is a huge pressure point on lots and lots of small and large employers will not will not help. yeah. >> isn't this all about confidence? doesn't the economy operate on confidence. and you know, we borrow money. we lend money. we do things because we have some degree of confidence. and i just got this feeling there was that speech that starmer gave. the things can only get worse. i mean, they both look miserable. there's i have not met i promise you i've not met out and about a single proprietary owned business that is confident for this year. >> well, i think you've hit the nail on the head there. economics is all about confidence and what you want to see from politicians, especially senior politicians like the chancellor and the prime minister, is that they believe in the country, they believe in

the businesses of this country and that they are going to back them. there's an awful lot of talk about this plan for growth. there's not a lot of evidence of it. i read speeches as you do. i read briefings, government briefings, and i'm looking for detail, and so are the markets, you know, financial institutions aren't just looking at the headlines. they're looking at all the documents that are coming out of this government and thinking, well, where is the growth here? the obr is suggesting that there's, as you already said, that growth is going to flatline at best. there's no confidence at all. and while previously movement in the gilt rates probably wasn't looked at as much as it is now, now this government. yeah. well, a good point. this government has decided that it wants the perfect rather than the good. and so it's going to have to mark its own homework on this, andifs mark its own homework on this, and it's going to have to pay attention to something. we used to not pay that much attention to. >> joe. you know, we've been around a few years watching these things, and we know the economy is cyclical. i know gordon brown said at the end of boom and bust, but that was really one of the stupidest things that was ever said. we all know that the history of all time economics is cyclical, but

have you ever known a government to be less inspiring on economics? >> no. and i and they part of the problem is that i think neither keir starmer nor rachel reeves have got what i would call the instinctive politician. i think rachel reeves is a creature of. >> do you mean in terms of leadership, in terms of leadership, in terms of leadership and communication? >> i mean, you know, keir starmer may well have a vision of what he wants starmer may well have a vi