, backed up chancellor of the exchequer, backed up by chancellor of the exchequer, backed up by jacobellor of the exchequer, backed up byjacob rees—mogg. john redwood describes liz truss as a breath of fresh air — he was running the policy at number ten when margaret thatcher was in her pump. fix, bit policy at number ten when margaret thatcher was in her pump.— thatcher was in her pump. a bit of a blast from the _ thatcher was in her pump. a bit of a blast from the past _ thatcher was in her pump. a bit of a blast from the past for _ thatcher was in her pump. a bit of a blast from the past for our - thatcher was in her pump. a bit of a blast from the past for our viewers, | blast from the past for our viewers, hearing john redwood's name. not someone often spoken about in today's politics, but still an mp and one who is well respected in parliament. of course, liz truss has spent a long time trying to avoid these parallels between her and margaret thatcher, but they keep coming thick and fast, and they point thatjohn redwood's comments will only draw those comparisons were strongly. t

chancellor of the exchequer. and former brexit secretary steve barclay takes the post of health secretary for england. it has been a very dramatic 2a hours. this report from our political editor, chris mason. are we good? yeah. not according to the man on the right. sitting next to the prime minister this morning, the then—chancellor rishi sunak. a penny for his thoughts. we didn't need to wait long. in a letter to boris johnson, mr sunak said... you heard that right — the man who was chancellor until teatime saying the government is none of these things. and he went further — policy, too. moments earlier, the health secretary, sajid javid, had also walked. good evening. i'm just going to go and spend some time with my family. thank you for coming. he left his resignation letter to do the talking, writing... no word from the prime minister, but there is still fulsome praise to be found from some. i am fully supportive of the prime minister. i think that he is the right man for thejob, he has a very significant ma

chancellor of the exchequer, finance minister rishi sunak quit saying that the public expected the governmentbe "conducted "properly, competently and seriously". the health secretary sajid javed stood down, saying the public considered the tory government to be neither popular nor competent. they were followed by a number of more junior resignations. mrjohnson has been accused of making several misleading statements, most recently about the behaviour of a colleague accused of sexual misconduct. downing street has announced that former education secretary nadim zahawi will become the uk's new finance minister. and former brexit secretary steve barclay takes the post of health secretary for england. this report from our political editor, chris mason. are we good? not according to the man on the right. sitting next to the prime minister this morning, the then—chancellor rishi sunak. a penny for his thoughts. we didn't need to wait long. in a letter to boris johnson, mr sunak said... you heard that right — the man who was chancellor until teatime saying the government is none of these things. and

he is the chancellor of the exchequer and has responsibility for their— the exchequer and has responsibilityister on his team. you can'tjust for their he has city minister on his team. you can't just tear up regulations— his team. you can't just tear up regulations and expect them to go. businesses want consistent and sensible — businesses want consistent and sensible regulation. just saying you will wrap _ sensible regulation. just saying you will wrap everything up, if it was the easy— will wrap everything up, if it was the easy they would have done it the day after _ the easy they would have done it the day after brexit. they haven't managed _ day after brexit. they haven't managed to do it so it shows this is enrptv_ managed to do it so it shows this is empty rhetoric. it is an appeal to the right— empty rhetoric. it is an appeal to the right wing of the party. rishi sunak— the right wing of the party. rishi sunak wants to shore up his base because — sunak wants to shore up his base because he — sunak wants to shore up his base because he is looking pretty nailed on to— because he is loo

politics squarely in focus, the change around the chancellor of the exchequer. when it comes to france, a solid first few seconds, gaining 77 points on the cac 40. let's see how things are playing out across assets. as francine pointed out, pressure across the currency space, the euro falling to a 20 year low and the pound sterling also under pressure as was the russian ruble. futures unchanged when it comes to the u.s., that whipsaw session we saw tuesday on the states side. you are seeing a bit of selling when it comes to the u.s. and sovereign debt in europe. euro-dollar 1.02, the question around parity, mark cudmore of our mliv team saying it is ambitious given the challenges the eurozone faces. crude again in focus following that wti drop of 8% yesterday, currently gaining 1.6%. francine: yesterday i was moderating a conversation with a former member of the central bank having -- bank of india, they are saying it is amazing how -- yesterday, it was recession fears being priced in. oil below hundred dollars in goldman sachs pushing back. the sectors are all

that's_ revenue coming in to the exchequer. that's the _ revenue coming in to the exchequer.e, but if you _ that's the argument that has made, but if you look back to when thatcher— but if you look back to when thatcher came in, income tax at that point _ thatcher came in, income tax at that point was _ thatcher came in, income tax at that point was 83%. she redressed it to 60 odd percent, but to went up in her early years because she knew the importance _ her early years because she knew the importance of balancing the books. the question really that liz truss has got _ the question really that liz truss has got to— the question really that liz truss has got to answer, and i don't have a lot of— has got to answer, and i don't have a lot of time — has got to answer, and i don't have a lot of time on a personal level with— a lot of time on a personal level with lil— a lot of time on a personal level with liz truss, but the answer to the question really is where is the money— the question really is where is the money going to come from for public service _ money going to come f

of course we have a new charleston exchequer. nadine. so holly and, and so, but also, you know, for example, if the defense actually been wallace were to, to step down. i think that would be a very significant blue to boris johnson. but there's no indication at all that ben wallace is going to be stepping down. so you know what to look, look out the big guns tomorrow to see how they, how they maneuver. but at the moment, the prime minister, you know, remains in placing down the street. he's bound to continue, and it will have to see what happens. i bought started as a real survivor. he has, he has 9 lives, may be separated, those being used up above. so, you know, he continues to be in charge and down the street and until such time as far as johnson that he physically resigned the service set out. he's still the man in charge of power and we'll see how many lives he does indeed has left. now gardener there, the director at the margaret thatcher center for freedom at the heritage foundation . great to get your thoughts announces here at t

he is to answering questions _ exchequer. he is to answering questions even _ exchequer.gant _ about his tax policy. very extravagant promises i about his tax policy. very extravagant promises for | about his tax policy. very l extravagant promises for a chancellor! laughter yes, exactly. it wasn't clear if he was talking with his tory candidate had on or his chancellor hat on. the thing to take on from here is what happens next. you read out the numbers and bear in mind that liz truss has not even declared, we expect that tomorrow, so at the moment if you went to the final two, we are looking at rishi sunak against either penny mordaunt or liz truss and we will see tomorrow how liz truss does when the focus is on her. penny mordaunt had her launch this morning and it was sweltering and we were given a little penny mordaunt ticket. quite good. quite good as a fan! the best thing for her was a new graphic poll of tory voters, —— yougov poll of tory voters, —— yougov poll of tory voters, and that was interesting, because there is an electorate inside here, and also the mp5,

let's bring you in, how do you assess this, mrjohnson appointed a new exchequer, nadim zahawi, stevee new health secretary do you think that help shore up his position? i5 help shore up his position? i3 working to go anywhere for now. we know the prime minister has got the hide of a rhinoceros. the only way he can be flawed from his position as by backbenchers attempting to remove them. they should have gone of those by elections and the result might�*ve been a lot closer. but we're where we're, there are elections of the 1922 committee coming up next week. we will see it if the people against the p. m. get in and whether it they can be a rule change. let's put the same context and i, two really big bees have gone for the government for some seriously competent people who wanted to do theirjobs and do it well but care about integrity and the way it comes across in terms of how the government overlook. let's not forget, both rishi sunak and sajid javid are both former bankers. they both know when a stock is falling and went to get out of a position. that's exactly what they've done, t

but holding — chancellor of the exchequer. but holding a — chancellor of the exchequer.ates _ holding a green card from the united states there — holding a green card from the united states. there are _ holding a green card from the united states. there are lots _ holding a green card from the united states. there are lots of _ holding a green card from the united states. there are lots of people i states. there are lots of people looking — states. there are lots of people looking around _ states. there are lots of people looking around the _ states. there are lots of people looking around the water- states. there are lots of people looking around the water cooler states. there are lots of people i looking around the water cooler and saying. _ looking around the water cooler and saying. is _ looking around the water cooler and saying. is this— looking around the water cooler and saying, is this person _ looking around the water cooler and saying, is this person disqualified i saying, is this person disqualified for trying — saying, is this person disqualified for trying

hadn't _ get more money to the exchequer hadn't been a wise call.he really had to keep coming out of those boxing _ had to keep coming out of those boxing matches when he would duck and weave. — boxing matches when he would duck and weave, but someone else with income _ and weave, but someone else with income with another angle. i thought he did _ income with another angle. i thought he did a _ income with another angle. i thought he did a competent performance tonight, — he did a competent performance tonight, but if he is in a position where he's — tonight, but if he is in a position where he's the one with the record that's going to come under the scrutiny — that's going to come under the scrutiny. is that's going to come under the scrutin . , . , ., ., scrutiny. is a strange one when you see peeple — scrutiny. is a strange one when you see peeple who _ scrutiny. is a strange one when you see people who are _ scrutiny. is a strange one when you see people who are from _ scrutiny. is a strange one when you see people who are from the - scrutiny. i

the chancellor of the exchequer. the former chancellor of the exchequer...ning _ coming. thank you. thank you, good evening. thank you. not coming. thank you. thank you, good evening. thank you.— evening. thank you. not adding to a dreat deal evening. thank you. not adding to a great deal to — evening. thank you. not adding to a great deal to what _ evening. thank you. not adding to a great deal to what he _ evening. thank you. not adding to a great deal to what he asserted i evening. thank you. not adding to a great deal to what he asserted he i great deal to what he asserted he said in his resignation letter. joining me here in downing street is rob who is following all of this arrive, we have stood here a few times the last few months. how do we replace this alongside the vote of confidence with the various pressures back injanuary confidence with the various pressures back in january to confidence with the various pressures back injanuary to connect to the parties here? pressures back in january to connect to the parties here?— to the parties here? it's

the uk has a new chancellor of the exchequer after a night of resignations and political turmoil.euro 2022 football tournament kicks off today in england — but is the growing sport getting the commercial respect it deserves? we start in the uk,

the chancellor of the exchequer, rishi sunak, and the health secretary, sajid javid, quit within a few other, saying they could no longer serve under the prime minister and that the public expected the government to be "conducted properly, competently and seriously". it follows the unravelling of the official account of what the prime minister knew about the case of chris pincher, the former minister accused of sexual misconduct. mrjohnson�*s given no hint he's considering his own position, with downing street announcing he's appointed nadim zahawi as the new chancellor and steve barclay as health secretary. we start our coverage of the day's tumultuous events with this report from our political editor chris mason. are we good? not according to the man on the right. sitting next to the prime minister this morning, the then—chancellor rishi sunak. a penny for his thoughts. we didn't need to wait long. in a letter to borisjohnson this evening, mr sunak said... you heard that right — the man who was chancellor until teatime saying the government is none of these things. and he went furthe

the chancellor of the exchequer, richie su, neck, a loyal member of that cabinet for some time, announcing his resignation to undoubtedly a huge blow for boys johnson. and the british government that has been beset by scandal after scandal. in recent weeks, months of the party gates scandal over big questions raised as to what the prime minister knew about the rules and regulations governing what people should be doing during the pandemic. and then more recently, about suspect appointments to senior posts within the conservative party. more news on this as we get it. but so dramatic developments in british politics. you're with al jazeera still ahead on al jazeera, the toxic legacy of south african mines. why protested, say the government is to blame the summer of discontent. why here can expect more and travel travel tales ah for the next day or so there's like to be some flooding in southern pakistan. this is the monsoons it's burst. and this is the time here we should watch out was developing tropical depression. i don't think we'll see one, but the rain is spreading across into the sou

the former chancellor of the exchequer comes out again on top in this round of voting with 88 lives trust. the foreign secretary who had been 2nd to sue not drops down to the 3rd, but still in the running with a may just serge into 2nd place. by somebody who is not a household name, but has all the requisite career experience a former defense secretary and international trade minister, penny mordant, not what accounts for this surge of momentum behind penny morton into 2nd place? well, earlier on the in the day she launched her own campaign, apparently very successful, very assured and impressive. her speech to members was 2 m p. 's was and new polling data out on monday suggests that any more than is by far and away more popular with the conservative party membership then than the other 2 leading candidates. so that is of course, the membership, not the m p 's who will decide on the new party leader and prime minister to replace for his job. so when they vote on the last 2 standing candidates, when they were asked who they thought should replace bar is johnson by far the largest number s

2nd most important minister in the land after the prime minister himself, the chancellor of the exchequer. both of them launching personal attacks on bras, johnson and questioning his leadership said that may not resigning from the government because i disagree with the government, the resigning because they disagree with him. and they think that he has fundamentally compromised the integrity of the government. having said that, boris johnson is the politician for whom the normal rules do not apply. he something of lazarus, he can resurrect himself from scandals and blows that would sink other politicians. so he is going to be trying to rally the loyal. there are numerous ministers that have come out this evening and said that they do back him. there hasn't been another resignation since that of of richie soon act. so it is possible that he can survive in the interim bots. the mood of the party is, is going against him clearly. and he survived a vote of confidence in the last few weeks under the rules of the game. he is unable to. there will be another vice a confidence against him for, f

the uk has a new chancellor of the exchequer after a night of resignations and political turmoil. travel chaos expected on france's rail networks as workers strike over wages in the face of soaring prices. and the women's euro 2022 football tournament kicks off today in england — but is the growing sport getting the commercial respect it deserves? we start in the uk, where we now have a new finance minister after a night of high political drama. the former chancellor rishi sunak handed in his resignation on tuesday evening, citing a failure of leadership from the prime minister in his handling of the latest political scandal. this left the top finance job up in the airfor a few hours before nadim zahawi was appointed as the new chancellor of the exchequer. this comes at a critical time for the economy as the uk grapples with a cost of living crisis and rising inflation. this was acknowledged in rishi sunak�*s resignation letter. he said: now, this is being read by some as a defence for current high taxes — which could mean that the new man in the job may have been brought in to ch

anyway. rashid soon act, a former chancellor of the exchequer. he remained so with $88.00 votes, but surging into 2nd place, the rather less well known, at least in terms of the public, but somebody with all the requisite experience penny mordant, a former defense secretary, the current international trade minister, she in 2nd place with 67 votes and coming 3rd list trust who had been one of the favorites, the current foreign secretary. now why this important surge of any more than the 2nd place will that is because of a crucial bit of brand new polling that came out today. suggesting that among the members, remember when this field is whittle down to just to it will be put to the members of the conservative party. did it just decide on a new winner, a new leader of the party, and therefore, the new prime minister, the members, appear to favor penny morton. and by some margin, when they were asked who they wanted to succeed, or as johnson, they said by far the greatest number any more. and when they were asked to decide on head to head contact co

been dealt a huge blow with the sudden resignations of two senior ministers, the chancellor of the exchequersecretary. both rishi sunak and sajid javid said they could no longer serve under borisjohnson, and that the public expected government to be "conducted properly, "competently and seriously. " the new chancellor is nadhim zahawi, who moves from education to the treasury. these moves followed a day of chaotic responses from number ten on the handling of complaints against the former minister chris pincher, who's been accused of sexual misconduct. there are now calls for the party's rules to change to allow a new vote of confidence in the prime minister among conservative mps. let's start by going live to westminster and our political editor chris mason. emergency reshuffle this evening completed in the last 15 minutes, a new cabinet from boris johnson, completed in the last 15 minutes, a new cabinet from borisjohnson, on an evening of hugejeopardy new cabinet from borisjohnson, on an evening of huge jeopardy for new cabinet from borisjohnson, on an evening of hugejeopardy for him, and a

tom: we are just getting a line from the newly appointed chancellor of the exchequer telling the primer that he has to step down. quote, it will only get worse for you, the conservative party and all the country. must do the right thing and go now. that is dynamite from the chancellor who has only been in office for a couple of days. francine: apparently he one of the job and now he is like, prime minister it is time to go. i underestimated how this woodstove also quickly, we thought maybe he would survive for a couple more weeks. with his newly appointed chancellor shooting him like that, i don't know how it ends. tom: the contents is in westminster is not if you will go, but when. we will get the analysis now from jonathan portes, a professor of economics and public policy at king's college. thank you for your time, what do you make of the chancellor of the exchequer only in his post for a couple of days now calling for the prime minister to step down? jonathan: as you have said, the question of boris johnson is sort of in the past. it is just a question of when, it is really about w

, and no disrespect to the former chancellor of the exchequer, although i think it shows that in common with many sectors of the u.k. economy, there is a ready supply of skilled labor in the upper reaches of the conservative party. >> thank you mr. speaker. i would like to draw the prime minister's attention to the words that he used when he asked the question earlier. six months ago i called on the prime minister to resign because even then it was clear that his approach to leadership and integrity was already creating a line of problems that would paralyze proper government. today ask them to do the honorable thing to put the interests of the nation before his own interests, and in his own words it does become impossible for government to do its job. pm johnson: i think him very much -- thank him very much for the point that he made again. i just could not disagree with him more. look at what the government is doing today. cutting taxes for 30 million people. we have just completed a program to get half a million people off welfare and into work thanks to the strength of our economy a

the, the odds probably are relatively good of for the chancellor of the exchequer. the, the one richie sooner can step down on wednesday and also for the former health minister, j. v. to because it both are seen as sort of straight talking guys, people you can trust and people who would have the capacity to govern. but we shall see. the tory party is a fickle animal. prevailed before us in london with african use. his quick look at some other stories making use around the world. the atlantic state group has claimed responsibility for a raid on a prison in the nigerian capital of police are searching for hundreds of inmates on the run. after some 900 escaped officials, they militants used explosives to blast their way into free fellow members. one god was killed. a russian flag, cargo ship suspected of carrying stolen ukrainian grain has been allowed to leave the turkish port. kind of su crane's foreign minister expressed outrage of the decision and summoned turkey's ambassador. he had asked anchor to detain the ship and investigate the alleged theft the kremlin deni

the chancellor of the exchequer, rishi sunak, and the health secretary, sajid javid, both said they could no longer support borisjohnson. mr sunak said the public rightly expected the government to be conducted properly. he's been replaced as chancellor with nadhim zahawi, the former education secretary. the leader of the opposition labour party, keir starmer, said the government was now collapsing amid sleaze, scandals and failure. prosecutors in the american state of illinois say the suspect in monday's mass shooting at a fourth ofjuly parade near chicago has been charged with seven counts of first degree murder. lake county state's attorney said these were just the first of many charges yet to come. now on bbc news, our world. china is cracking down on hong kong. it's 25 years since britain handed back control of the city to china. back then, promises were made to protect fundamental freedoms. now, beijing is tightening its grip on those who dare to speak out. we've spent time with those who will not be silenced. if we stay here, we will be brainwashed. as record numbers leave hong kon

not least the new chancellor of the exchequer, that| chancellor of the exchequer, that seems a highly get the laffer curve argument. there - the levels of taxation, you get the laffer curve argument. there is i the levels of taxation, you get the laffer curve argument. there is a | laffer curve argument. there is a real argument going on about fiscal policy. real argument going on about fiscal oli . . , real argument going on about fiscal oli . ., , , real argument going on about fiscal oli . . , , , ., real argument going on about fiscal oli. . ,, ., policy. that is my question of, where does — policy. that is my question of, where does the _ policy. that is my question of, where does the conservative l policy. that is my question of, - where does the conservative party stand. _ where does the conservative party stand. cannot _ where does the conservative party stand, cannot be _ where does the conservative party stand, cannot be answered, - where does the conservative party stand, cannot be answered, they. where does the conservative party. stand, cannot be answered, they are fighti

themselves by yet see another chance is so there is every one from his former chancellor of the exchequer. richie sooner who is seen as one who might have relatively good chances to go through it to the health minister javi to step down on wednesday. who also is seen as is one of the top runners. and after that, the list just continues at the foreign minister list trust among them, and so on and so forth. so there is a big malay in the tory party and they all sort of jostling for the 1st spot. and that is the reason why probably the solution that bars johnson quince is considering now in suggested that he stays on over the summer. and all these leadership candidates can sort of be try to beat each other to 1st place, may not play out that way. they may want to clean a solution and trying for leadership selection next week or the week after that. on the story for us in london did of you correspondent bible fazel. thank you. civilian evacuations are underway in ukraine's done yet screeching with russia. stepping up its attack since climbing full control of neighboring new hampshire. the cit

among tory party members, ahead of penny mordaunt and rishi sunak, the former chancellor of the exchequer. foreign ministers from the 620 are meeting in bali to discuss the disruption to global food and energy supplies caused by russia's invasion of ukraine. joining the us secretary of state, antony blinken, are russia's top diplomat, sergey lavrov, and the chinese foreign minister, wang yi. now on bbc news, our world. china is cracking down on hong kong. it's 25 years since britain handed back control of the city to china. back then, promises were made to protect fundamental freedoms. now, beijing is tightening its grip on those who dare to speak out. we've spent time with those who will not be silenced. if we stay here, we will be brainwashed. as record numbers leave hong kong, what will life be like for those that remain? i have been reporting from hong kong since 2017 but in the last two years i have witnessed first—hand the dramatic transformation of the city. music. this isjennifer, one of thousands who once protested against the government. arrested with a0 others in 2019, she is n

we also have ed davey, the leader— exchequer.alling for a tougher windfall tax. but like _ calling for a tougher windfall tax. but like i— calling for a tougher windfall tax. but like i said before, i do not think— but like i said before, i do not think that _ but like i said before, i do not think that is the road we ought to be going — think that is the road we ought to be going down. yes, these companies have had _ be going down. yes, these companies have had record profits this year, but they've — have had record profits this year, but they've also suffered losses at various _ but they've also suffered losses at various stages over the last few years, _ various stages over the last few years. and _ various stages over the last few years, and if you're going to be imposing — years, and if you're going to be imposing higher windfall taxes when these _ imposing higher windfall taxes when these companies have bumpy years, does that— these companies have bumpy years, does that mean you'll be issuing rebates — does that mean you'll

the chancellor of the exchequer rishi sunak and the health secretary sajid javid both said they could no longer support borisjohnson. mr sunak said the public rightly expected the government "to be conducted properly". he's been replaced as chancellor by nadhim zahawi, the former education secretary. the leader of the opposition labor party keir starmer said the government was now collapsing amid sleaze, scandals and failure. prosecutors in the american state of illinois say the suspect in monday's mass shooting at a fourth ofjuly parade near chicago has been charged with seven counts of first—degree murder. those are the headlines on bbc news. now on bbc news: the travel show. this week eva zu beck is in mexico's wetlands amid hopes that a clean—up could attract back one of the area's unique and distinctive creatures. this week on the show... i am in mexico to discover how a river cleanup is getting on, and meet this little local. this is so incredible! simon's here with tips on how to carry on travelling despite the cost of living crisis. i'm travelling by train through germany, on

exchequer.t about loyalty, liz _ of the exchequer. just on that point about loyalty, liz truss _ of the exchequer. just on that point about loyalty, liz truss has - of the exchequer. just on that point about loyalty, liz truss has been i of the exchequer. just on that pointj about loyalty, liz truss has been on the radio this morning criticising the radio this morning criticising the government record, a government that she has been part of. is the government record, a government that she has been part of.— that she has been part of. is that lo al ? that she has been part of. is that loyalty? i'm _ that she has been part of. is that loyalty? i'm afraid _ that she has been part of. is that loyalty? i'm afraid these - that she has been part of. is that loyalty? i'm afraid these sorts i that she has been part of. is that loyalty? i'm afraid these sorts of| loyalty? i'm afraid these sorts of elections always get rather messy. i think you could say she is being a bit disloyal to rishi sunak, but give

first head-to-head debate between the foreign secretary liz trust in the former secretary of the exchequer rishi sunak. they are battling to replace boris johnson. sunak claimed her back. trust said sunak's plan would drive the economy into recession. heathrow airport is 28 cap -- warning a cap on flights might have to remain in place for a year. officials are telling airlines to hire more ground staff to overcome the persistent disruptions. heathrow introduced a limit of 100,000 daily departing passengers on july 12. there have been weeks of travel chaos across europe. adding to the chaos, germany's lufthansa says it will have to cancel almost all its flights in frankfurt and munich on wednesday because of a strike by workers. the walkout will affect more than 1000 flights. lufthansa assess its capacity to rebook passengers on other flights is limited. global news, 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i am mark crumpton. this is bloomberg. ♪ >> welcome to bloomberg markets. kriti: red on the scree

we have seen the chancellor of the exchequer, the finance minister, and the health secretary both resigning. this comes after a period in which johnson's credibility has come under question. we have been watching a slow spiral toward this moment and we now wonder whether or not boris johnson will survive this evening or for much longer. the latest incident surrounds the minister appointed by johnson, despite claims of impropriety, boris johnson nevertheless did appoint him knowing, we now understand, there was this risk associated. it is just the latest in a series of events that have questioned -- that have been questioning boris johnson's credibility. we find ourselves in the situation where very senior ministers are resigning. normally this points to the end of an administration. we will see if boris johnson can survive. jon: it was a month ago we saw the prime minister survive that confidence vote. clearly, things for the senior members of his team have changed these last few days. you mentioned the speed at which this has been unfolding. the messaging from the government seems to have

the extremeness of proposals from a ban on business by russians of the former chancellor of the exchequer a ban on russians staying in the island, with the exception of some unfortunate gray and wretched people who need protection, and from russia itself it was precisely for this that the chairman of the committee of the option chamber, tom tugent, urged to send all russians to a single one, and he did not refuse his words, it is necessary to rebuild relations with some european countries. and with russia, this is absolutely not necessary. and we need to make it absolutely clear that we stood up to protect ourselves and our population. i mean, you still want to. expel all russian citizens, what i want to do is it is to protect those russians who are here legally and who need the protection of those who are part of our society. i really want to protect such people and also. i want to make sure those who pose a threat and undermine our security don't get it. here, johnson's asylum showed on the example of his own collapse of a trip to kiev and zelensky's photo session only contributes to th

of the exchequer.ng over the line but not at all, storming over the line. 8—0, there was a suggestion it could be a little nervy after the full step at old trafford, but a record score light last night. northern ireland had to get a victory but are unfortunately out. into the quarter finals, thanks to a record scoreline, the biggest in euros history, striker ellen white just one goal short of wayne rooney's all time england record. last night's performance memorable to say the least. where do we start, they were 6—0 up by half time. the in—form beth mead scored a hat—trick on their way to breaking the record for either a men's or women's european championship match by putting eight past norway. and ellen white got two, to take her to 52 goals for her country, as the lionesses qualify for the knockout stages as group winners with a game to spare. i can't put into words, honestly, i'm just loving being here, loving being part of this team, and enjoying every minute. i don't think i even dreamt of this, b

while campaigning, the former chancellor of the exchequer admitted his pledge not to cut personal taxes until inflation was under control was not universally popular. his rival, liz truss, has promised to cut taxes. the biden administration has approved the sale of weapons to germany, including f-35 fighter planes and crews missiles. the state department announcement made no mention of the war in ukraine but said the sale will support a nato ally that's an important force for stability in europe. former u.s. treasury secretary lawrence summers says he's concerned the fed is still engaged in wishful thinking about how much it will take to bring inflation down from four decade highs. summers spoke to bloomberg's david westin. >> jay powell said things that, to be blunt, were analytically indefensible. the claimed twice in his press conference -- he claimed twice in his press conference that the fed was now at the neutral interest rate, calling it 2.5%. >> the fed's current target rate is now 2.25% to 2.5%. summers says a neutral setting would be higher because it has to take into account

both chancellor of the exchequer and leader of the house of commons. and he was only 37 years of age. the pace of lord randolph's climb up what was called the greasy pole of politics was mirrored only by the rapidity of his descent. the alienated his colleagues and salisbury's cabinet and when they rejected his first budget, he overplayed his hand and tendered his resignation. to his surprise to everyone's surprise salisbury accepted although churchill kept his seat in parliament. for the last eight years of his life. his decline was obvious. is friend lord soul. oh lord rosemary. said he died by inches in public. this raises a delicate question about the reason for lord randolph's early death some historians are certain. he contracted syphilis others claim. it was a rare incurable incurable brain disease is likely will never know and except for those who have a salacious interests in the subject. i don't know that it really matters. what does matter is that lord randolph died of the relatively early age of 45 and this left a decided mark on his elder

now, when he was chancellor of the exchequer, he brought in measures at to deal with the crone of iris pandemic, including the furlough scheme that settled the u. k. with the biggest levels of borrowing since the 2nd world war and his plan to get the u. k. out of that was to raise taxes. and indeed, he suggested that that is still the responsible thing to do raising taxes is something that conservatives usually are allergic to. and his opponents in this race a saying that is not something that i going to do. they want to reverse. some of the tax rises hayes made, lower taxes overall in order to stimulate the economy. and that's why that's something that sooner has said that he's afraid, well, just increase inflation even more inflation. one of the things currently contributing to the cost of living crisis in the u. k. so when it comes down to the election in 2 years time, and the party now is going to have to decide, will the voters want to back someone who's saying, okay, let's be responsible. let's raise taxes to get ourselves out of this. i out of this crisis less not daydream, or a

as chancellor of the exchequer followed suit minutes later, a vice chair of the conservative party i trade envoy and for junior ranking lawmakers. i've also since quit, soon i could javits resignation. letters were published as johnston was apologizing for the latest scandal to plague his administration. the revelation that he'd promoted an m p despite knowing about allegations of sexual assault about to know if he has to go, i got this complaint. it was, it was something that was only res with me, very customer that i wish that we had. i in particular who acted on it and that he had not continued to come because he then went on on the frayed to behave as far as we can see, according to the obligations that we have very, very bad sore. i'm sorry for being badly affected by him and his resignation letter jacket, wrote that the conservative party had not always been popular, but it had been competent in acting in the national interest. sadly, he wrote the public concluding that we are now neither. it is clear to me that the situation will not change on your leadership, and you have the

another candidate and not deems the hallway, he was the new chunks of the exchequer, has been responding to somewhat vague allegations that the tax man's looking into his affairs and calling them a smith, the supposed allegations he's saying. but the guido forks, political website and currently reckoning which candidates have how much backing they do have sooner in the lead at the moment. and followed perhaps surprisingly by more than there's not a political heavyweights a pull, many of them are. i've been promising tax cuts, haven't they? what are the main issues underpinning this service, race why you said it, it's, it's tax railey as the economy. and more specifically, tax of course, is the conservative policy. he will choose this leader and therefore the next british prime minister. but they'll be looking to is potentially down the line as well to the next general election at what's what the electorate once and taxes where the battle lines are being drawn. and in fact, most people seem to be aiming at richie city, not when he was chancellor. and he started just before the crone of ir

he struggled — chancellor of the exchequer. he struggled with _ chancellor of the exchequer.er, for those _ to do. and also, remember, for those of— to do. and also, remember, for those of us _ to do. and also, remember, for those of us who _ to do. and also, remember, for those of us who have _ to do. and also, remember, for those of us who have been - those of us who have been through— those of us who have been through this _ those of us who have been through this extraordinary| through this extraordinary period _ through this extraordinary period irr— through this extraordinary period in government, - through this extraordinary - period in government, through the pandemic, _ period in government, through the pandemic, you _ period in government, through the pandemic, you do - period in government, through the pandemic, you do become| the pandemic, you do become dose — the pandemic, you do become dose to — the pandemic, you do become dose to the _ the pandemic, you do become close to the people _ the pandemic, you do become close to the people you - the pandemic, you do bec

former chancellor of the exchequer told the crowd of cheering conservative lawmakers it was time from charity and credibility as he launched his bid to replace porcha johnson as prime minister. >> we need to have a grown-up conversation about the central policy question that all candidates have to answer in the selection. my message to the party and the country is simple. i have a plan to steer our economy through these headwinds. >> most of the remaining 10 candidates to take up residency at downing street want to lower taxes at he said if he is chosen, he would not do so until after he had tackled inflation, one of the key issues facing u.k. voters. >> it is not credible so promised lots more spending and lower taxes. once we have grouped inflation, i will get the tax burden down to it is a question of when, not if. >> the former finance minister has the widest support among his colleagues include deputy prime minister dominic raab. >> only he can be labor. only he can win with the support of leave voters and remain voters. only he can win in the north and the south. he has got the

reporter: sunak, the former chancellor of the exchequer, has been ahead of the vote so far, only amongory mp's. the final vote will be opened to conservative party members, which according to bookmakers makes truss the favorite. >> the other thing to bear in mind is how uncertain things are. liz truss starts is the favorite, but we have seen polls move uand down dramatically in the few weeks this contest has been active so far. reporter: truss, the uk foreign secretary, is considered more popular than sunak amongst members, and cemented herself as the right wing option. the candidates have agreed to a debate in front of a live audience on august 4. the vote, which will conclude on september 5, will see the u.k. gain either its third female prime minister or its first ever british-asian leader. anchor: italian prime minister mario draghi has won a vote of confidence in his government today despite the fact that three parties and the ruling coalition refused to take part. the vote was approved by 95-38. there were many dozens of senators not taking part. a reporter is in rome with more o

and then we have the letter for him such a job for richie city, next, very the chance of the exchequer, who says the public, right, the expect government to be conducted properly, competently and seriously. i recognize this may be my last ministerial job, but i believe the standard worth fighting for, and that's why i'm resigning. i'm sad to be leaving the government, but i've reluctantly come to the conclusion. so we cannot continue like this. both of these ministers basically pointing the finger at boris johnson saying that he is the problem is his personality is his leadership that is costing the conservative party that is eroding trust in the government. and that's why they've decided to leave a very, very serious place from, for the prime minister at night, marie. and this appears to be the cumulative effects of scandal off the scandal. i probably internationally audience knows about party game, but there have been some dubious appointments to senior posts within government recently. and the loss of 2 by elections recently talk through or stones in the bumpy road over the past cou

among tory party members, ahead of penny mordaunt and rishi sunak, the former chancellor of the exchequerreign ministers from the 620 are due to meet in bali to discuss the disruption to global food and energy supplies caused by russia's invasion of ukraine. joining the us secretary of state antony blinken are russia's top diplomat, sergey lavrov, and the chinese foreign minister, wang yi. now on bbc news — from russia with blood — are legal loopholes allowing russian criminals to launder dirty money? jim fitzpatrick follows the cash. money is just like clothes. the dirtier it gets, the more it needs washing. and there's a lot of dirty money in the world. an estimated two trillion in us dollars gets washed each year. but money—laundering is no domestic chore. it's the economic engine of terrorism... ..the drugs trade... ..dictatorship. .. ..and war. and where do international criminals go when they need their money cleaned 7 in recent years, it's often been northern ireland. it's thanks to secret little northern ireland companies that allow criminals across the world to make a clean killi

among tory party members, ahead of penny mordaunt and rishi sunak, the former chancellor of the exchequer has been taken to hospital after apparently being shot while delivering a speech in the city of nara, in western japan. he's said to be unconscious.