caroline davies, bbc news. about this autumn statement and what it means for homes and businesses. i will be talking to a market analyst and the institute of directors about what they want from this autumn statement. all of that to come later in the programme. now to the us... after a week of ballot—counting in the us midterm elections, president biden has congratulated the man likely to be named the new speaker of the house of representatives — kevin mccarthy. it comes after republicans secured a slim majority in the house, while democrats held the senate. the return to divided us politics came just moments after 12 republicans sided with the democrats on a bill that would ensure country—wide recognition of same sex marriage. here's our north america correspondent, peter bowes. scenes ofjubilation outside the us supreme court seven years ago when same sex marriage rights were affirmed nationwide. the court's decision reflected rapidly changing public opinion, which persists today with more than 70% of american

caroline davies, bbc news.vironment — but now one british brewery in cheltenham is looking at ways it can produce its pints more sustainably. the deya brewing company is trying to offset its carbon footprint by investing in a patch of welsh peat. steve knibbs went along to take a look. brewing has a bigger impact on the economy than you would think. here in deya, they make about a million pints per year, use lots of water, energy, the caking, counting and running the brewery. after the company did an audit of the carbon emissions, they decided to do something about it. our carbon, labels, heat recovery, carbon credits, and we will look at bigger projects such as co2 recovery, we want to look at solo, there is a lot of stuff in—house, recycling streams, educating us as a company, like our employees, and then offsetting big capital projects. deya is speculating to accumulate. the company has invested over £60,000 in the restoration and maintenance of 65 acres of peatland in snowdonia. the area has eroded over man

here's our business correspondent, caroline davies. warm, free and sociable.e knitters of nantwich meet in their local library every week, making their winter warmth packs. we give everybody a knee blanket, a hat, a scarf, and a treat and a christmas card. i know from personal experience you've got to find money to heat and eat somehow, which is why i'm still working. libraries around the country are expecting more visitors this winter. here in nantwich, they've begun stockpiling warm clothes, sleeping bags and slow cookers to give away, and offer an emergency food bank. i've worked in libraries 38 years and i've not seen it, we've not seen the numbers of people, the broad cross—section, i think, of people who will tell us that they are struggling. we've got limited amount of resources to give out. how do you start to prioritise? other libraries are also providing the basics. around 200 miles away in ipswich, volunteers pack cut—price bags of fruit and vegetables to sell to library visitors for £2. i find everybody is sort of struggling, and some people are st

caroline davies, bbc news. to offset its carbon footprint by investing in a patch of welsh peat. steve knibbs went along to take a look. brewing has a bigger impact on the economy than you would think. here in deya, they make about a million and a half pints every year. many of the hops coming from america, new zealand, after the company did an audit of the carbon emissions, they decided to do something about it. our carbon, labels, heat recovery, carbon credits, and we will look at bigger projects such as co2 recovery, we want to look at solo, there is a lot of stuff in—house, recycling streams, educating us as a company, like our employees, and then offsetting big capital projects. deya is speculating to accumulate. the company's invested over £60,000 and the restoration and maintenance of 65 hectares of peatland in snowdonia. it was once a carbon and is now releasing it into the atmosphere. peatlands have a lot of agent carbon stored in them, and it gets oxidised, so you have tons of greenhouse gases pumping

caroline davies, for now, thank you.ewed warnings that households and businesses could face short power cuts this winter. thouthohn pettigrew told the bbc that the grid is working on the basis that the uk has sufficient energy supplies to get through the colder months. it's announced a £50 million fund for charities helping people with their energy bills. our baseline report said that we expect there to be sufficient generation to meet all the demand this winter and, in fact, it looked very much like previous winters. on the gas side, there are plenty of sources of gas to meet the demand that we're expecting this winter. john pettigrew, from national grid. former health secretary matt hancock has lost the conservative party whip. the mp for west suffolk has confirmed that he will be taking part in the tv programme i'm a celebrity...get me out of here!. mr hancock was the health secretary for much of the pandemic, but resigned injune last year when it emerged that he broke his own social—distancing guidelines by kissing a

our business correspondent caroline davies is here.ehind this? it is it seems like a large number, what is behind this?— is behind this? it is about a iuarter is behind this? it is about a quarter of— is behind this? it is about a quarter of the _ is behind this? it is about a quarter of the existing - is behind this? it is about a | quarter of the existing bank branches. it is mostly down to the fact that customers are using online banking more but also this is connected to the pandemic they say for the people may be had to find an alternative to banking and personal. 0f alternative to banking and personal. of course it is not the only bank to have close branches. in the last few years since january 2015/5000 bank branches and building society branches and building society branches have been closed or scheduled for closure. it says of course some people cannot bank online or will not bank online there are areas worst affected, perhaps rural areas with not so good broadband connections or those with elderly populations and consumer gro

sadly, we don't have that story from caroline davis. apologies for that.or a solid growth plan from the chancellor. this — in response to last week's autumn statement. and as promised we can now hear directly from the cbi as i'm joined now by matthew fell who's their chief policy director. what will the boss of the. we are what will the boss of the. - are gathered here for the cbi conference, it is timely because we expect most business leaders will hear part two of a part two story, hid from the chancellor last week with his autumn statement around stabilising the uk economy and how to get growth going in the uk economy, it is fair to say most firms would react to that saying they could —— a good job on stability and more to do on growth, that is what we will be talking to businesses with today and the prime minister. it is easy to ca we will go for growth, liz truss said that over and over again and that didn't get her anywhere. what are you suggesting in your specific terms? it are you suggesting in your specific terms?— are you suggesting in your speci

caroline davies, bbc news.nt iain watson told us how the autumn statement was going down at westminster. the kind of thingsjeremy hunt and rishi sunak wouldn't like to see on the next conservative manifesto is they are presiding over the biggest tax burden since world war ii and the biggest fall in living standards since the 1950s when records began. that's really what they'd want to avoid and what that situation could prove, and although you say it is a sober set of billions of pounds of spending cuts, the real pain on that front has been delayed until after the next general election when there will be a 1% real terms rise in public spending but that will mean that many unprotected departments, according to the government's own watchdog, the office for budget responsibility, they suggest that many of these unprotected departments will suffer real terms cuts. but that will be after the next election. that said, there will be some pain this side of the election, not so much spending cuts but those tax rises you

here's our business correspondent, caroline davies.the economy is shrinking and living standards are falling by the largest amount in 70 years. i don't think they're doing a great deal for the general people, the working man, to be quite honest. i think, you know, it's keep the rich rich and the poor poorer. so, chat�*s the government's answer to help country? in yesterday's autumn statement, the chancellor announced some things will be going up. in april, the state pension, means—tested and disability benefits will all go up by 10.1%. the minimum wage for over 23 years old will also increase to £10.42 an hour. and the energy cap will be extended for another year, although it won't be as generous. people are weighing up what that means for them. i'm quite pleased, as you would be, wouldn't you, that the pension situation is going to be preserved. the minimum wage going up is good. but they always seem to give it to you in one way and take it off you in another. it's always the same. they increase taxes here, | they'll freeze taxes ther

here is caroline davies.s are going up, the economy is shrinking and living standards are falling by the largest amount in 70 years. i falling by the largest amount in 70 ears. ., �* ~ , ., ., years. i don't think they are doing a ureat years. i don't think they are doing a great deal _ years. i don't think they are doing a great deal for _ years. i don't think they are doing a great deal for the _ years. i don't think they are doing a great deal for the general - years. i don't think they are doing l a great deal for the general people, the working man, to be quite honest. i mean, you know, it is keep the rich richer and the poor poorer. what is the answer from the government to have the country? in yesterday's autumn statement the chancellor announced some things will be going up. in april, the state pension means tested and disability benefits will all go up by 10.1%. disability benefits will all go up by 10.i%. the disability benefits will all go up by10.i%. the minimum disability benefits will all go up

caroline davies has this report. prices are going up.ing and living standards are falling by the largest amount in 70 years. so what is the government's answer to help the country? in yesterday's autumn statement, the chancellor announced some things will be going up. in april, the state pension means tested and disability benefits will all go up by 10.i%. the minimum wage for over 23 years old will also increase to £10 42 p per hour, and the energy will be extended for another year, although it would be as generous. people are weighing up generous. people are weighing up what that means for them. but they will also be more tax, the highest as a percentage of national income since the end of the second world war. tax bands will remain frozen until 2028, which means millions will pay more tax as their incomes rise over time. and from april the level at which people will pay the top level of tax will be reduced, this is across the uk apart from scotland who will set their tax plans in december. there are mixed reactions as well. you'll mak

caroline davies, bbc news.ng we might hear from the chancellor today is on council tax and lifting the cap on council tax increases. it comes amid warnings from some councils that they are sleepwalking to financial disaster. kent county council and hampshire county council say they are potentially at risk of bankruptcy. i'm joined by councillor peter fleming, spokesperson for the local government association and conservative leader of sevenoaks district council. welcome. thank you forjoining us. tell us about the picture facing councils. i tell us about the picture facing councils. ~' ., , , councils. i think the reality is today you — councils. i think the reality is today you will _ councils. i think the reality is today you will hear _ councils. i think the reality is today you will hear a - councils. i think the reality is today you will hear a lot - councils. i think the reality is today you will hear a lot of i today you will hear a lot of incredibly big numbers, and really incredibly big numbers. and rea

our business correspondent caroline davies is at an hsbc branch in south west london which is to shut don't seem to be able to hear caroline at the moment. we will try to go back to her. the world's largest active volcano in hawaii continues to erupt mowna lowa began spewing molten lava on sunday for the first time in almost a0 years. fountains of lava are being fired up to 200 feet high into the air. four fissures have opened up on the volcano. so far, the lava flowing down its sides is not endangering any people or property. but emergency shelters have been set up in case that changes. now we can go on to the world cup football now. france have been beaten by tunisia. france had already qualified for the knockout stage and australia beat denmark, the semifinalist last years heroes, 1-0. the semifinalist last years heroes, 1—0. these are the scenes that we can't show them to you right now but they were quite ecstatic when the winning goal went in. it was 3:30am and hundreds of fans had gathered in federation square in the city. a peak tv audience of more than 17 million watched engla

let's take you live to our business newsroom and caroline davies.mbers which will only increase ready if we talk of when full tax and even extending it further. , , ., ., further. this is not a massive surprise. _ further. this is not a massive surprise, really. _ further. this is not a massive surprise, really. we - further. this is not a massive surprise, really. we also - further. this is not a massivel surprise, really. we also hired further. this is not a massive - surprise, really. we also hired last week from shell talking about their very large profits. this is something that is happening across the board of course with oil and gas production companies. that is partly related to demand, the fact that after the lockdown face with the pandemic, there was a resurgence in demand for more energy. but it was also of course to do with supply and the fact that the russian invasion of ukraine has led to difficulties to. some to. some �*these to. are those these high, these high, is these high, is not these higi profit. ; not these higi profit. ; nt h

joining me now is our business correspondent caroline davies.e have heard that other oil - moment? no, and this is after we have heard that other oil and - moment? no, and this is after we have heard that other oil and gas | have heard that other oil and gas giant is making large profits as well. shell and are still making 9.5 billion us dollars, another $42 billion, chevron top $.2 billion, so this was an expected announcement that will be a level of profit and this comes after bp were making even more profit, it's a very good year for bp and in terms of what they are doing, we have heard they will be paying the windfall tax which is different to shell, we will come to that in a second. they will be paying some of this money back in, but it seems the windfall tax is more of a reputational issue rather than a big financial issue at the moment because they're making large mass of profit and a lot of them are putting it back towards their shareholders and making sure their balance sheets are looking more healthy. balance sheets are looking more he

our business correspondent, caroline davies, said the results hardly come as a surprise.something that is happening across the board of course with oil and gas production companies. that is partly related to demand, the fact that after the lockdown finished with the pandemic, there was a resurgence in demand for more energy. but it was also of course to do with supply and the fact that the russian invasion of ukraine has led to difficulties getting enough energy too. that is where some of these issues are coming from. those are not at the moment about to be resolved. these prices are quite high, this is not the first time heard these quarterly levels of profit. we had that previously bp had a higher profits in the second quarter. while all of these companies are announcing increase profits, there is also an increase in the discussions from politicians notjust in the uk but around the world talking about the responsibilities of oil companies are. that is because the politicians are looking at their populations who are struggling with the cost of living crisis and energy co

joining me now is our business correspondent, caroline davies.nt windfall tax. ., , ~ ., windfall tax. last week we heard about fore _ windfall tax. last week we heard about fore making _ windfall tax. last week we heard about fore making enormous - windfall tax. last week we heard i about fore making enormous profits for the quarter, the second highest everfor a particular for the quarter, the second highest ever for a particular water for the quarter, the second highest everfor a particular water —— for the quarter, the second highest ever for a particular water —— we heard about shell. 0ther oil giants are making enormous profits. another thing we have heard from bp is that unlike shell, who said they did not expect to pay any uk windfall tax during this year, bp says it expects to pay that, around $800 million for the seven months this has been in force in 2022, about £695 million, but despite the fact it is saying it will be paying this terror is expected to be a backlash from politicians talking about the fact there needs to be an extension

caroline davies, bbc news. we'rejoined now by our chief political correspondent nick eardley.ng. the government as a balancing act to kind of try to get right, especially after the last mini budget?— right, especially after the last mini buduet? ., ~ ., , mini budget? yeah, i think it wants to avoid exactly _ mini budget? yeah, i think it wants to avoid exactly what _ mini budget? yeah, i think it wants to avoid exactly what happened - mini budget? yeah, i think it wants to avoid exactly what happened in l to avoid exactly what happened in the last_ to avoid exactly what happened in the last mini budget, which is why we already— the last mini budget, which is why we already know a great deal of what the chancellor is planning today. he is going _ the chancellor is planning today. he is going to _ the chancellor is planning today. he is going to talk about if facing into the — is going to talk about if facing into the storm. i think he means the economic— into the storm. i think he means the economic storm, but he has got the pictures— economic storm, but he has got the picture

caroline davies, bbc news.will lean into the political storm, command here today it is quite stormy weather. it is going to be a defining moment for the chancellor and for the prime minister as they set out their vision for the economic immediate term and also the slightly longer term, and obviously it is about how the markets respond and it is most importantly going to be about the impact on people in their pockets at this time of high inflation, ii.i% their pockets at this time of high inflation, 11.1% is the latest inflation, 11.1% is the latest inflation figures revealed yesterday, and there is negative growth and the prospect of being in recession by the end of the year. our chief political correspondent 0ur chief political correspondent nick eardley is at downing street. i mention how much of a defining moment this is for the prime minister and the chancellor. you and i have been using the word wow a lot in recent weeks and months when we are talking about politics, but they don't want any surprises today

here's our business correspondent, caroline davies, on that and why shell won't be paying it.re last week was that shell are not paying windfall tax, what we did hear last week was that shell are not paying windfall tax, and that is because there is a clause that rishi sunak set out which means that you can offset that tax on investments. so, if they are investing in north sea oil, then they don't necessarily need to be paying that amount of tax. some analysts say the windfall tax should be far higher. they should be paying more because it's not about, in absolute terms, what they're paying. it will sound like a big number because they're making even more massive profits. what matters is whether or not they're paying their fair share, and that's something you judge by how much they're being taxed in other countries. and the uk, even with a windfall tax, taxes oil and gas companies like bp at a rate that is below the global average tax rate. now, the uk treasury says the windfall tax is expected to raise £17 billion, or almost $20 billion, this year and next "to help fund cost

davis street on 880. ridge: prill and kate middleton are visiting boston for three days. it's the first trip to boston in eight years. they're meeting carolineiting harvard university. kumasi: rapper megan thee stallion is the first black woman to cover on the cover of "forbes'" 30 under 30 issue. she earned $13 million this year from a combination of ticket sales, record royalties, and endorsements. reggie: excited for her. kumasi: i'm surprised she wasn't in my top five. maybe she's in the top 10. reggie: she, she, she. kumasi: her, her, her. reggie: that's a really good song. it doesn't get the credit it deserves, in my opinion. kumasi: we wish her the best always. reggie: break my soul? jobina: the entire renaissance album. kumasi: how are you doing today? drew: energy. jobina: church girl. >>> good morning, america. for our viewers in the west, breaking overnight, twisters, snow and more dangerous weather on the move heading to the nort northeast, as the west braces for heavy snow. overnight tornado outbreak in the south. the damage after more than two dozen twisters reported in at least three states. plus, heavy snow in the midwest and