david blanchflowerjoins david blanchflower joins us now, david blanchflowerjoins us now, the past weekent markets up and down, the latest news about borisjohnson pulling out of the leadership race, will that stabilise things somewhat? may be but robabl things somewhat? may be but probably not- _ things somewhat? may be but probably not. we _ things somewhat? may be but probably not. we saw - things somewhat? may be but probably not. we saw a - things somewhat? may be but probably not. we saw a rise i things somewhat? may be but probably not. we saw a rise inj probably not. we saw a rise in the pound up to about $1 14 probably not. we saw a rise in the pound up to about $1 1a and now it has fallen back to, lost, looked about five minutes ago, it had fallen back to $13 25. i think what we are going to see here is extensions of what we have already seen. maybe we are going to see unity in the tory party but i suspected not. markets are sitting on knife edge is not knowing is coming. are the tory party going to fight like rats and a stack going forward? who is the new chancellor going to b

david blanchflower there. full coverage of rishi sunak�*s meeting with the king later in the day.ter during the biggest hindu holiday— diwali as auspicious. wendy urquhart reports. for the first time in two years, fireworks are lighting up the skies over amritsar in the indian state of punjab for diwali. this year is extremely special because many millions of hindus, jains and sikhs all over the world were forced to put their celebrations on hold during the covid pandemic. a number of states in india have banned fireworks this year because of the surge in air pollution they cause, but that's unlikely to dampen the festival spirit. hindus celebrate the festival of light, as it's also known, in different ways depending on where they live, but no matter where they are, they all celebrate the power of light over darkness, good over and evil, and knowledge over ignorance. there are many different diwali traditions but they all involve lavish feasts, lots of candles and stunning floor designs or rangoli, which are made with coloured sand. during the five—day festival devotees offer our

david blanchflower, thank you very much. rishi sunak is a practising hindu. biggest hindu holiday, diwali is considered highly auspicious. wendy urquhart reports. for the first time in two years fireworks are lighting up the skies over amritsar for diwali, this is extremely special because many millions of hindus chains and seats all over the world were forced to put their celebrations on hold during the covid—19 pandemic. the number of states and india have banned fireworks this year because of the surge with air pollution they cause, but that's unlikely to dampen the testable spirit. hindus celebrate the festival of light as it is known in different ways depending on where they live, no matter where they live, no matter where they live, no matter where they are they all celebrate the power of light over darkness, good over and knowledge over ignorance stop there are many different diwali traditions but they all involve lavish feasting, lots of candles and stunning floor design made with coloured sand. during the five—day festival devotees offer our prayers

david blanchflower, thank you very much.ood producer, harvey weinstein. he faces 11 charges of attacking women in hotels. he's pleaded not guilty. the bbc�*s sophie long is in los angeles. this afternoon we had from mr werksman, making his opening statement, saying two victims made up the accusations, to mark others he said had what he called transactional sex with them. he called jane doe for mark another bimbo, slept with weinstein to get ahead in hollywood. weinstein nodded his head approvingly as he wound up the opening defence statement and return to the defence table. as you said, harvey weinstein has pleaded not guilty to all the 11 charges that he faces including four of red, carry a sentence of up to 140 years. he is also appealing his 2020 conviction for rape and sexual assault in new york, the highest court in the state of new york said it will hear the case and should get under way next year. this case is critical, he is successful in his appeal in new york, this case in la will determine whether or not he goes f

david blanchflower formerly sat on the bank of england's monetary policy committee, and is currentlyssor of economics at dartmouth college in new hampshire. i asked him if this latest news about borisjohnson pulling out of the leadership race might calm the markets. maybe but probably not. we saw a rise in the pound up to about $1.11; and now it has fallen back to, lost, looked about five minutes ago, it had fallen back to 13.25. i think what we are going to see here is extensions of what we have already seen. maybe we are going to see unity in the tory party but i suspect not. markets are sitting on knife edges not knowing is coming. are the tory party going to fight like rats in a sack going forward? who is the new chancellor going to be? are we're going to see attempts to have big spending cuts and what in the end are the people going to say? that seems to be pretty important. they are headed to a really tough winter struggling to pay their bills and here we have the second prime minister in what, 47 days, but nobody is elected. so i think the markets are sitting on a knife edge,

we can now speak to professor of economics david blanchflower, who formerly sat on the bank of england'se speed with what do you make of the speed with which the mini budget has been undone?— with which the mini budget has been undone? well, i thought it was auoin been undone? well, i thought it was going to _ been undone? well, i thought it was going to be _ been undone? well, i thought it was going to be a _ been undone? well, i thought it was going to be a disaster- been undone? well, i thought it was going to be a disaster in - was going to be a disaster in july and august, and i wrote columns saying that liz truss had to go from mrs it's stupid to mrs sensible very quickly otherwise the bond and foreign exchange markets would crash. i said that the adviser would tell her what was wrong on the first day, but they fired the adviser and went ahead with the plan for an unfunded tax cut that the amount of borrowing could not be sustained. i said the only choice they had was to ditch the whole thing and that is essentially what has happened. the markets crashed, the pension funds were abo

david blanchflower of dark red college -- dartmouth college, thank you.hen the moving averages converge to a point, that is where we are now. 111.90 7 -- one point 1197 -- 1.1197. you pick your level on sterling where it goes week or dry. lisa: gets more complicated. you do have yields coming down from the long end, positive from the bank of england. but you do see a pervasive weakening. perhaps not to recent lows but the pound has lost a lot of international clout. when you do have everyone calling for austerity, you do have this expected lower growth picture to matter what happens. what is the market calling for? what is the breakpoint? what are they going to lobby, the tories or anyone else come out to do? tom: it is a political battle, where is jonathan ferro? lisa: you keep mocking his disdain of the dow. he is on a well-deserved day off. have a great time. tom: we keep telling him things. --good morning. ♪ this... is the planning effect. this is how it feels to have a dedicated fidelity advisor looking at your full financial picture. this is what it

we are joined by david blanchflower, economics professor at dartmouth college and a former external member. andrew bailey hasjust been talking - andrew bailey has just been talking as we clean the air, which is said. we have had to return back to make further market interventions, including keeping most of us up for the whole of last night to do a further intervention. and for us, that was because it became clear that we as the bank of england — i know not all central banks are like this — have never bought index—linked gilts in our monetary operations. but we realised for financial stability purposes, we have to do it. and we've announced that we will be out by the end of this week. we think rebalancing must be done, and my message to all the funds and all the firms involved in managing those funds — you got three days left, you've got to get this done. because again, part of the essence of the financial stability intervention is that it's clearly temporary. so why is it temporary was next summer saying today, if the painter stood behind it, that wouldn't be the panic. i stood behind it,