u. k. spend 70 years has now been laid to rest. and on the side, her late husband, prince philip, she was one of the world's most recognizable faces when he saw her as a rock of stability, seeing them true to mattress times, hurry force, it begins our coverage, or how the u. k and the world bid farewell to queen elizabeth the 2nd in solemn silence, the queen's coffin was borne from westminster hall onto the gun carriage, pulled by sailors and tradition, begun with a funeral of queen victoria. ah, on the coffin, a distillation of this very public. yet every person lives in monica, crown, old and set to besides favorite flowers chosen by the king in a hand with his mother. in charles followed the coffin and that his family on the short journey to westminster abbey. oh. and on towards the altar, late queen's children and grandchildren accompanied now are their spouses and the great branches, george and child. we gather from across the nation from the commonwealth. and from the nations of the world, some 500 foreign dignitaries were in

u. k. will say we'll spend 3 percent of gdp on defense by 2030, maintaining our position as the leading security actor in europe. and that's why, at this crucial moment in the conflict, i pledge that we will sustain or increase our military support to ukraine for as long as it takes new k new u. k. weapons arriving in ukraine as i speak, including more em are less rockets. we will not rest until ukraine prevails in all of these areas on all of the fronts. the time to act is now. this is a decisive moment in our history, in the history of this organization. and in the history of freedom. the story of 2020 t could have been that of an authoritarian state, rolling its tags over the border of peaceful nat neva and subjugating its people. instead, it's a story of freedom fighting back. in the face of rising aggression, we've shown that we have the power to act and the resolve to see its way. but this can't be a one off. this must be a new era where we commit to all cells to all citizens. and this institution that we will do whatever it takes, whatever it takes to deliver for all people, and defend al

u. k. largest retail investment platform. susanna, thank you for joining. surely these higher energy costs mean consumers will be spending less in other areas. what do you predict? absolutely, and we're already seeing this week at the latest death index from the british retail consortium. it snapshot shows that walsh, many shop has it been doing. it's not actually buying essentially like school uniforms. so much that they had done in previous years. instead they're ring fencing budget and they're spending on things like neat where to keep them warm during the winter and also energy devices such as air rise, which are likely to use less energy at during the winter months. had to be turning off their cookers and using these instead of calls that they can afford to make these purchases. so we're already saying this change in behavior. now interestingly, today we tell stokes have risen at the likes of next, which is the major clothing platform and sportswear at company j. d. sports. there is an expectation that energy bills will be frozen and that could give consumers a bit more wiggle room when it comes to being able to aff

so it is very difficult spending decisions will still have to be made course, it's not just the u. k. facing down a rapidly rising cost of living brought on by the leap in energy prices. the story playing out across europe with each country working out a different strategy to combat the crisis. our correspondence in germany, france, italy, and spain can tell us more. the german government has agreed on its biggest relief package yet for citizens and companies facing the pain of soaring energy prices. after a tough overnight negotiations on the weekend, the coalition partners decided to help vulnerable groups, including pensioners, students and people receiving social welfare support, as well as energy companies that depend on expensive imported fuel. the $65000000000.00 euro price tag will be paid in part by a new tax on windfall profits being reaped by other energy firms that depend on cheaper fuels such as cole. and meanwhile, the tireless energy diplomacy of germany's economics and climate minister robert havoc has succeeded in partially weaning this country off of russian natural

it's no surprise spend that much of the western world like the u. k. and the you have been following similar strategies . and there's great potential for natural gas elsewhere. you move to a country like china or india. black coal plays a huge role in the energy economy. they haven't really gone through that told you gotta switch yet. gosh, that can grapple play a role as i feel like is a bridge view to a nice feature. but all that is only half the story because there's one big problem with gas that those in favor of it don't like to talk about much lou. ready simply speaking, once gaskets extracted from the ground, it goes into a refinery, west processed. ready from there, it's distributed usually by a pipelines to power stations, homes or businesses, or it gets cooled down and turns into l. n. g liquefied natural gas, and then shipped around the world. and at every single one of these steps, methane can escape into the atmosphere. methane as a greenhouse gas, that's 80 times more powerful and warming the planet than c o 2 or a 20 year period. it's in

u. k. last friday, the chancellor of the exchequer announced a bonanza of tax cuts and debt funded spending in the hopes of stimulating economic growth. but the move has spectacularly back fired, the value of the pound plummeting to its lowest level since 1985. the whole market is in turmoil at the moment, and people are waiting for some act conciliatory tones from elegant the chancellor or the bank of england to actually settle the markets down at the moment that hasn't been coming. the figures forced the bank of england on wednesday to take evasive action and by government bonds on a temporary basis to help calm the market. but within minutes the pound fell again down 1.6 percent against the dollar. as the pound falls, the cost of government barring on the international bond, markets has gone up for an interest rate around $1.00 and a half to 2 and a half percent to 5 percent seemingly overnight. expressing our real lack of confidence from investors about the government's ability to pay for its own plans. you, kate, at is now seen by investors as being similar to greece or italy, countrie

however, say the government is spending too much of the tax payers money on the event the may feel for the u. k. a facing a backlash, not only for members of the public, but also from diplomat says heavy restrictions report to the been imposed on, well, they did the riving for the funeral. the us media outlets politico has reported that a travel protocol was sent to respected embassies, telling the dignitaries to arrive at westminster abbey, in shed buses. an exception is said to have been made for joe biden, for him, his own private transport list after returns. he says, there's speculation that is due to biden's age. this stems from a legal copy from downing street. remember, the prime minister of britain has only just been elected by a 1000th of the population by tore the members. and it's not buckingham palace saying lis leaked memo says because of security, the world leaders are going to have to go by bus. that's usually the speculation is joe biden. people saying presidents, happy to go by bus, but he's over 18. so if it is a way to avoid it, we will try the humanitarian crisis as the jap

of the british public, however, say the government has spending too much of the tax payer's money on the event. the may feel right. the u. the u. k is facing by class not only for members of the public, but also from diplomats as heavy restrictions have reportedly been imposed on world leaders arriving for the funeral. the us media out the politico has reported that a travel protocol was sent to respective embassies, telling the dignitaries to arrive at westminster abbey, in shad buses. an exception if that would be made for joe biden, for him see the own private transport journalists now see what times they say for speculation that is due to biden's age. this stems from a leaked copy of from downing street. remember, the prime minister of britain has only just been elected by a 1000 of the population by tory party members. and it's not buckingham palace saying this leaked memo says because of security. the i will lead is going to have to go by bus. that surgery was regulation. it's joe biden. people saying are presidents, happy to go buy a bus, but he's over 80. so the, if there's a way to avoid it, we will try the humanitarian

u. k. a long and people are being warned that they may have to spend several hours waiting in those cues in order to be able to pass the coffin and pay their respects. and i can tell you that the sun has now gone down and the temperatures are getting very cold here. okay, rob, we're just going to keep looking at these pictures of the year vigil and bring in michael co again. michael, tell us a bit more about this vigil. it's a very personal and yet, paradoxically, it's become a very public vigil. yes indeed. and of course you can see it from outside to see too much. people are filing by then all gulping their walking respectfully by that . pausing to look at the coffin and the 4 royal mourners at the 4 corners of their mother's coffin on the counter found the the races upon which address it is extraordinary. i very rarely seen, very rarely photographed, i think never quite like this and certainly never tell advice before king george says died in 1936 in january. he did have 4 songs, and i think that's probably why the tradition arose because there were 4 sons the matter began with the with.

u. k. economy. often it's, do you go from until unveiled major tax cuts? lebanon's parliament, us postal national budget for 2022. it approved the spending plan. as protest has gathered in the capital bay routes the country faces an unprecedented economic crisis. with many people falling into poverty. over the last 3 years, l 0 said a honda who's out that protest, i guess like this one has become more frequent as the country's economy has been in free fall since late 2019. the protesters behind me are retired soldiers. they came here, they tried to storm the parliament, they managed to break through the security court on briefly before they were pushed back. and now negotiations are underway with a number of m. p. 's. they are saying that they are receiving guarantees that their retirement salary as it is known will be increased by $33.00 times. and that's retired soldiers will be exempted from income tax. and they're also saying that these guarantees will most likely be accepted. why the people and then they will go home. but this is just an example about the entire economic conditions in this country, civil servants across the board, whether

u. k. earlier this year, the queen celebrated her platinum jubilee marking 70 years on the throne, with the appointments of a new prime minister just this week. her reign spend 15 you k leaders starting with none other than winston churchill. the oldest son has now become king. charles is king charles the 3rd. let's take a quick look now at the legacy of queen elizabeth the 2nd britton's longest rule in monic. my margaret. i feel too much for you to share. danger. ah. renew every one. in the end all will be well. ah. she came in mechanic and a driver, and she sat up with normal other girl recruits in classrooms and learned how to take thought the trucks. i the cab before my eyes, whether it be known or short, shall be made to deal with the carroll family, which when i was in my train i oh i, i had the chance to join in the shed objective of creating a safer, stable future of her people and from the planet on which we depend. none of us underestimates the challenges ahead. that history ition. but when nations come together in common cause there is always room for working side by side. we have the amenities to show the most in surmountable problems and triumph

spend a we can machine. a global shortage of essentials from fuel to flour have made seemingly everything more expensive. inflation in the u. k. stand at around 10 percent. it's highest am 40 years and the highest across all g 7 countries. a response, the bank of england's raised interest rates, the cost of barring to their highest to more than a decade to try and dampen people spending and bring down prices. the prime minister list trust is government pulling in a different direction, slashing taxes to get people spending in a frantic bid to boost growth and jazz as lamb shares the government's view. his family business has been trading here from all of to years in the thing is if people are spending in our shops in our businesses, them, you know, we're going to struggle to pay our bills at the end, the day. the most important thing for any business i think is cash flow less trust . this plans also mean cutting headline rates have tax on the richest individuals and the biggest companies along with lifting the cap on bank as bonuses. the theory is that if the rich are allowed to get richer, instead of shouldering more of the

u. k. last friday, the chancellor of the exchequer announced a bonanza of tax cuts and debt funded spending. in the hopes of stimulating economic growth. for the move has spectacularly backfired. the value of the pound plummeting to its lowest level since 1985. the whole market is in turmoil at the moment when people are waiting for some sac considering, sorry tones from elegant the chancellor or the bank of england to actually settle the market down at the moment. that hasn't been forthcoming. the figures forced the bank of england on wednesday to take evasive action and by government bonds on a temporary basis to help calm the market. but within minutes the pound fell again down 1.6 percent against the dollar. as the pound force, the cost of government barring on the international bond, markets has gone up or an interest rate of around $1.00 and a half to 2 and a half percent to 5 percent seemingly overnight. expressing our real lack of confidence with investors about the government's ability to pay for its own plans. you k dance is now seen by investors as being similar to greece or ital

u. k. prime minister, after accepting the resignation of outgoing prime minister boris johnson. i. we know that although she'd increasingly withdrawn from high profile real duties in recent years, she did spend her 70 decade rein dedicated to the role of the queen. looking at pictures from a buckingham palace, as crowds gather o, no british monarch reigned for as long as queen elizabeth the 2nd. ah, she was a constant in time of dramatic change. ah, all was disciplined. all was dutiful. a life of public service. right? until the end. in 1926, elizabeth came into the world. she was not born to be queen, but when her uncle king edward the 8th advocated after less than a year on the throne, elizabeth father was crowned king. his daughter suddenly became the crown princess . she accepted the task and took it seriously. even in her youth, i did have before you all the high high. whether it be no short shall be diverted to your service and to the service of our great imperial families . to which we all belong. during world war 2, elizabeth did her military service as a mechanic after the war. she married naval officer, philip mount patton, her great love, ah, one year later, prince charles was bor

so much for spending time and joining us on the w. alanis echo ukrainian ambassador, extraordinary an advisor to the ukrainian energy ministry. thank you. thank you. ah. plans are by the u. k. government, for huge tax cuts financed by borrowing have drawn strong, international criticism. the international monetary fund issued a rare warning to a major world economy saying the tax cuts may fuel inflation and they're likely to increase economic inequality. plans have already triggered volatility on the market, forcing the bank of england to announce today that it will buy as much government debt as needed to restore order. the government plan announced on friday for deep cuts and the regulations are intended to be 5, a stagnant economy instead of triggered an economic crisis and seem support for the opposition. surging is ahead of the opposition labor party. they've lost control of the economy. now, you know, we all understand when the international issues crises that cause fluctuations in the market. but that isn't this case. this is a situation where the government has self inflicted harm on our economy and people looking at their mortgages, looking for prices this morning

u. k. fate is by far the best a thought to take, rather than simply raising taxes or spending more money. but georgia, on the, you mentioned the energy cost is $1.00 of the plans seems to be that there's going to be some kind of freeze on energy, but was what, how is that going to be paid for? what? what will it entail is plan? do you think well now ask a question. there is discussion courses of an energy price camp to avoid raising household bills for about 2000 pounds. 3500 pounds. and the government certainly is looking into some kind of credit facility that will be worked out together with commercial banks in conjunction with the energy companies. so it's not clear all the details yet in my, in my view actually for anything that you know that is, that is boring and it, and then i'm actually opposed to the system price myself. when i think it's best to leave this situation to the free market, but the government is under immense pressure, i think to try and a cap the the rise and household energy call center. this is, this is a solution that the seeking to put in place while avoiding a

u. k. measures will likely increase inequality. the i left says that the treasury is now acting at odds, that with the bank of england cutting taxes may further feel inflation as it boosts spending, while the bank of england is considering raising interest rates to curbing facing off the tax cuts announcements, the british pound fell to a 40 year low against the us dollar, meaning oil and gas imposed had become even more expensive. the move sparks to anger from opposition, policies with labor calling for parliament to be recalled. take a look around britain. they haven't just failed to fix the roof. they've ripped out the foundations smushed through the windows, and now they've blown the doors off for good measure. this isn't bitcoin, it's the british pound. the tories are recklessly gambling, not with their own money, but all of ours. the tories have crashed the pound found interest rate rises, piled on debt mountain, all well rewarding. the bankers who have shorted the pound and given tax cuts to the wealthiest. no wonder support for scottish independence at record. hi! imagine your quasi courting. you've got strident views about economic policy and you even wrote a book about

you k, u s tre deal could be many, many years away that we're not going to achieve the results overnight. it is going to take time. but with a foster growing economy, we can't afford to spend on the public services that we'll rely on, like the national health service. at the same time, is enabling people to keep more money in their pocket. while that promise sinks in back home, pressing questions over how the country will afford the 150000000000 dollar energy bailout, the government pledge to help households avoid soaring bills. a detail trust miss when she announced the biggest piece time financial intervention ever. just hours before queen elizabeth died with the soaring energy prices. he's trying to present herself, of course, as a tax, cutting a fiscally responsible, conservative, but she's about to go out and, and, and borrow. it's that, ya, 130000000000 pounds perhaps on the bond market. very, very tickle to, to do it in our circumstances, particularly as that will have to be paid for. ah, through taxation in some way. on friday, the new chancellor of the exchequer, quasi quan sang, will answer some of these questions when he delivers a mini budget. expect billions f

and this is a course where the queen spends her summer in scotland, and that gives you an idea. it isn't it how much she means the people in, in the u. k. when, when you look at the various jubilees over the course of the year, of course the, the recent plasma jubilee that she enjoyed earlier this year. i mean people come out and their thousands not just from in the u. k, but from abroad because she means so much to them clearly. yes indeed. and of course, throughout the world and throughout this nation, the outpouring of grief indeed, as it will come, whether is today or whatever will be in all that we remember princess diana, and the outpouring of grief, the shock that this is different. nobody's expecting her. but sadly, it is not on common for people of the queen's age to pass away, particularly if she's had a fall. as i somebody say, that hasn't been verified, so it's not on comma, but there will be a huge out for it. and if a, when she does pass away, there is a 10 day period for which all aspects will be done. and again, that will give people time to, to more and to give thought to king charles. and he will be under all family.

spending more. and the lower income on is able to afford their cost of living and together that stimulates growth in the u. k. it is a gamble. it is a very big gamble. we've seen every single major facet of tax impacted by the statement today, income tax, national insurance, stamp duty for property sale. you know, there's a lot of money here that is going to be not flowing into the check. is that bank account? and i think that has to be paid for one way or another. now you partly touched on this but, but i want to double down on this. there are corporation tax cuts removing to camp on the cap on bankers bonuses reversing the rise of national insurance. those could have quite a few of them that i've just named and not really aimed at helping the working class at all wouldn't know. but as the prime minister in chancellor will say, if we are able to stimulate the economy through giving tax cuts in through putting more money into higher on his pockets, then that will eventually trickle down into, into the pockets of ordinary folk and those on, on lower income, so that's the, the orthodoxy. and that's the ideolog

you k, u s tre deal could be many, many years away that we're not going to achieve the results overnight. it is going to take time. but with a foster going economy, we can't afford to spend on the public services that we'll rely on, like the national health service. at the same time, is enabling people to keep more money in their pocket. while that promise sinks in back home, pressing questions over how the country will afford the 150000000000 dollar energy bailout, the government pledge to help households avoid soaring bills. a detailed trust miss when she announced the biggest piece time financial intervention ever. just hours before queen elizabeth died with the soaring energy prices. he's trying to present herself, of course, as a tax, cutting a fiscally responsible, conservative, but she's about to go out and, and, and borrow it. ya. 130000000000 pounds perhaps on the bond market. very, very difficult to, to do it in those circumstances, particularly as that will have to be paid for through taxation in some way. on friday, the new chancellor of the exchequer quasi contact will answer some of these questions when he delivers a mini budget, expect billions for the nat

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