chris, faisal, thank you both. you can _ again? chris, faisal, thank you both.nister on bbc iplayer. that's bbc.co.uk/iplayer. russia has attacked the ukrainian capital, kyiv, with a wave of iranian—made explosive drones. the strikes killed at least four people, including a pregnant woman and her husband. airstrikes have also hit critical infrastructure in three regions beyond the capital, cutting off electricity to hundreds of towns and villages. among them the area close to the zaporizhzhia nuclear — cutting it off from mains electricity. it is currently running on back—up energy from a nearby coal—fired power station. 0ur correspondent, paul adams, reports from kyiv. ukraine's capital under attack again. moscow determined to keep kyiv on the front line. the city's defenders equally determined to tackle the threat any way they could. but the drones came thick and fast. 0f 28, five got through. 0ne tore this elegant apartment building in two. half of it is gone. for one elderly resident, a narrow escape. her balconyjust a few feet from the impact. we saw how th

samantha, ithink faisal is slam _ convinced? samantha, ithink faisal is slam nailed - convinced?lam nailed it, - convinced? samantha, ithink faisal is slam nailed it, not i faisal is slam nailed it, not much of a plan yesterday, there was intention and nobody will say no to growth, that's what powers the economy and wages and asset prices, everybody wants to see growth, it is those plans that will determine whether the markets and investments and overseas investments and overseas investments have confidence in the uk assets, we are waiting for the plans to appear and as they appear as faisal is limb said it is all about whether the current government has enough time to undertake the political reform, structural reform required in order to deliver that growth, growth cannot come just from tension it has to come from firm management.— it has to come from firm management. it has to come from firm manauement. ,, management. do you feel the markets have _ management. do you feel the markets have steadied - management. do you feel the markets have steadied close i management. do you fe

there is a debate, faisal islam, as you know better than . minister. there is a debate, faisal.d of field experiment, as some would see it, in a certain brand of right—wing economics. is that how you would see it? right-wing economics. is that how you would see it?— you would see it? yes, typified by this booklet _ you would see it? yes, typified by this booklet they _ you would see it? yes, typified by this booklet they wrote, _ you would see it? yes, typified by this booklet they wrote, britannia | this booklet they wrote, britannia unchained. it certainly was an experiment and it certainly didn't work, _ experiment and it certainly didn't work. i_ experiment and it certainly didn't work, i think it is fair to say, but i work, i think it is fair to say, but i think they— work, i think it is fair to say, but i think they could have got a lot of these _ i think they could have got a lot of these policies through, in retrospect, had they been a bit catnrer. — retrospect, had they been a bit calmer, a bit slower, had they acknowledged, as they did, global conditions were rough. th

faisal, thank you.r health _ his course. faisal, thank you. let's also talk to our health editor, i his course. faisal, thank you. let's| also talk to our health editor, hugh pym, who was at st mary's hospital in west london. we have talked about the economy, but the nhs is also a huge priority for the new prime minister? . �* , �* huge priority for the new prime minister? ., �* , �* , ., minister? that's right, ben. it is a riori in minister? that's right, ben. it is a priority in all— minister? that's right, ben. it is a priority in all the _ minister? that's right, ben. it is a priority in all the uk _ minister? that's right, ben. it is a priority in all the uk nations, i minister? that's right, ben. it is a priority in all the uk nations, in i priority in all the uk nations, in the nhs right across the country, with extreme pressure, but we are talking today of course about england because health is devolved, and the nhs in england is going to be a major challenge for the new prime minister. right n

faisal islam, our economics _ markets again? faisal islam, our economics editor, _ markets again?ll as our £1 family recipe plan, on the bbc news website at bbc.co.uk/news. let's turn to one of the day's other main stories. it's estimated that as many as a5 babies might have survived, had they received better care at east kent nhs hospitals trust. that's one of the findings of an independent review, which looked at more than 200 cases at the trust between 2009 and 2020. it said the hospitals often provided care that was suboptimal and led to significant harm. 0ur social affairs correspondent michael buchanan first reported on concerns over two years ago, and he's followed the story of many of the families. we are living in the fifth largest economy in the world and women and children are dying here as if we lived in a remote village. helen gittos and kelli rudolph were colleagues at kent university before bereavement made them friends. in 2016, kelly's daughter, celandine, died aged five days. two years earlier, helen's daughter, harriet, wasjust eight days old when she died. toda

faisal talked about _ investment to britain? faisal talked about the _ investment to britain?ight. has it been damaging oversight. has it been damaging over the course of that last year or indeed over the last six years? your previous guest was talking about the long term discount on gilts, so government debt on sterling, but the most obvious one is on the valuation of uk companies, which is about 25% to 30% lower than global equivalents, and thatis than global equivalents, and that is a long held, about six year, discount, which international investors have noted an uncertain path since the brexit vote in 2016, they have had to apply risk premium to uk assets, which is damaging and costly for uk companies, uk entrepreneurs.— entrepreneurs. you are right. over the _ entrepreneurs. you are right. over the course _ entrepreneurs. you are right. over the course of _ entrepreneurs. you are right. over the course of the - entrepreneurs. you are right. over the course of the last i over the course of the last leadership election, and 44 days of liz truss' premiership, doubt has been

faisal islam, bbc news, at the imf in washington.westminster now. so huge pressure on both the chancellor and prime minister. what happens now? i chancellor and prime minister. what happens now?— chancellor and prime minister. what happens now? i think a u-turn and a re bi happens now? i think a u-turn and a pretty big one _ happens now? i think a u-turn and a pretty big one is _ happens now? i think a u-turn and a pretty big one is inevitable and - pretty big one is inevitable and until that happens another thing is inevitable and that is a sense of inertia, nothing really being able to change, and that is because and it's a direct consequence of the collapsing authority of the prime minister. when you lose your authority as prime minister you have to be propped up by the views of others and those views are the views of her conservative backbenchers. they are going in to see her. her entire programme for government is on the table and she has to try and work out which bits of it will fly with her party and the markets and the countr

that was faisal islam. _ have a huge amount of. that was faisal islam.as faisal islam. let's talk _ have a huge amount of. that was faisal islam. let's talk now - have a huge amount of. that was faisal islam. let's talk now to . have a huge amount of. that was i faisal islam. let's talk now to lucy fisher, who is the chief political commentator four times fisher, who is the chief political commentatorfour times radio. lovely commentator four times radio. lovely to commentatorfour times radio. lovely to have you with us there, so first off, the prime minister wants to stay the course. did you get the sense that she will be taking the party members on thatjourney? look. party members on that “ourney? look, i think she rose _ party members on that “ourney? look, i think she rose to — party members on that “ourney? look, i think she rose to the — party members on that journey? look, i think she rose to the task— party members on that journey? look, i think she rose to the task today - i think she rose to the task today of delivering the speech well from a lo

you have faisal islam rocking up jobs. you have faisal islam rocking up on _ jobs. 10am news, the 6pm news, talking _ up on the 10am news, the 6pm news, talking people through and explaining what they are getting, what a _ explaining what they are getting, what a bodice. but it also means doing _ what a bodice. but it also means doing arithmetic. it goes over most people sense. they don�*t understand why it is important. if you tell them, you are going to save some tax, but it�*s only going to be our hundred and £50 a year. then it�*s not listening. if you say the stamp duty has been cut, then you say but it�*s only £2500 for most people, then they realise that these interventions of the government are maybe not quite so major and then of course you have people coming on saying, yes, but the tax cut at the highest rate that will save somebody on £1 million a year £55,000. and then people start taking notice of that and i think the arithmetic is key and i always prepare budgets with a spreadsheet, so i have those figures to hand and other ways you are relying on a tr

and i was watching kwarteng being interviewed by faisal islam.nd whose third word is "um". they have not thought through the answers to obvious questions. well, kwasi kwarteng was asked some of those questions by faisal islam, as you mentioned... anybody would have thought i set that up! as a professional podcaster! we should have had podcast bingo at the beginning, when were you going to mention it! that was restraint i hadn't anticipated, it's been at least five minutes! you've ruined the brilliant segue, it was so smooth before, alastair! we were saying kwasi kwarteng was interviewed by faisal islam, the bbc�*s economics editor, in washington today, we can have a little listen to what he said because he was asked about the possibility of changing his position on some of these things. are you going to u—turn on big i measures, further big measures in your mini budget, _ as many seem to be speculating on right now? our position hasn't changed. i will come up with the medium—term fiscal plan on the 31st of october, as i said earlier in the week,

faisal, you all right? bit busy!s editor, but before this you were sky's political editor, so you can look at the story from both sides. is the push for cuts a political decision to go for cuts or an economic one for the government? it's necessity, post a shock. and some of that shock has been of the government's own making. it has meant interest rates have gone up higher than they would have otherwise, it means and the economy will be slower. it isn't everything. the fact that we are facing an energy shock from russia's invasion of ukraine, the fact that across the world interest rates are going up, that's also a factor that has worsened our borrowing and means there is a bridge to cross and will cause a squeeze. it is difficult to demarcate precisely whether it is 50—50, 20—80 or 80—20, but there's no doubt that many billions, half at least of the 50—40 billion hole we are trying to spending cuts, it has come either from the direct decisions of the mini budget to cut taxes elsewhere or from the economic impact, the

and that was faisal islam there.dent home over fears for her safety. parts of san francisco least affected by the earthquake are returning to life, but in the marina area where most of the damage was done, they're more conscious than ever of how much has been destroyed. in the 19 years since he was last here, he's gone from being a little—known revolutionary to an experienced and successful diplomatic operator. it was a 20—lb bomb that exploded on the fifth floor of the grand hotel, ripping a hole in the front of the building. this government will not weaken. | democracy will prevail. it fills me with humility and gratitude to know that i have been chosen as the recipient of this foremost honour. this catholic nation held its breath for the men they called the 33. and then... bells toll. ..bells tolled nationwide to announce the first rescue, and chile let out an almighty roar. this is bbc news. the latest headlines... iran's supreme leader, ayatollah ali khamenei, has said that no one should dare think they can over

faisal islam, bbc news. of her lack of interest in the devolved administrations in scotland, wales and northern ireland. mr sunak is being urged to try to improve relations, but at the same time he'll be opposing the scottish government's demand for another referendum on independence. while in northern ireland, the deadline fast is approaching for new elections, to break the political deadlock there. let's have the latest from linlithgow, porthcawl, and belfast, where we start with chris page. he was supposedly knocked out, but he's come off the ropes to be crowned tory champion. this mural in belfast has been repainted repeatedly as the political prizefighting in london has played out. in a student area nearby, people have various thoughts on the new prime minister and how he got thejob. there is nothing democratic about that. i feel like they need to call a general election asap. this is better than liz truss, anyway. what would you like him to prioritise for this part of the world? just mainly stabilise t

faisal islam, bbc news, at the imf in washington. stories in the headlines. the biden administration has urged the us supreme court to reject an emergency appeal by former president donald trump in his legalfight over confiscated classified documents. mr trump has asked the supreme court to intervene, and permit an independent arbiter to review around 100 classified documents that were seized by the fbi mar—a—lago residence in august. (oov)us prosecutors have dropped all charges against adnan syed, a baltimore man at the centre of a murder case which gave rise to the true crime podcast, serial. he was released from prison last month. adnan syed served 23 years in prison after he was convicted of the murder of his ex—girlfriend. the european court of human rights has found switzerland guilty of discriminating against men on pension benefits. the ruling involved the case of a man whose widower�*s pension was stopped when his children turned 18. had he been a woman, he would have received the pension for life. the decision will cost the

faisal islam, bbc news, at the imf in washington.s here. lots of people watching tonight will probably be thinking all of this, the prospect for mortgages and pension funds, what is the message, how do you analyse this? it is understandable _ how do you analyse this? it 3 understandable people might how do you analyse this? it 1 understandable people might be fearful at the moment. we've had the bank outlining crisis intervention, a governor who has admitted to losing sleep over this, but the purpose of him worrying about our pensions is so we don't have to. that means a relatively small number of pension companies are impacted by this problem. the kind of help we have seen here is to shore up their finances, give them some breathing space, and a relatively small part of that emergency support has been accessed. that confirmation from the governor that this help will end on friday was a reminder to the market for theirfundamental friday was a reminder to the market for their fundamental fears about the governmentmacroeconomic plans r

we heard from faisal islam there how soaring food prices are hitting people in the uk. that is worse for the world's poorest. according to the united nations food and agriculture organisation, as many as 828 million people were facing hunger last year — 48 million more than the previous year. war and climate change are making a globalfood crisis worse and the un body is hosting a world food forum in rome this week to raise awareness. maximo torero is chief economist at the food and agriculture organisation of the united nations. thank you for being on the programme. how has this forum been going this week, it's such a critical time, what has been achieved so far?— a critical time, what has been achieved so far? this is a very critical time _ achieved so far? this is a very critical time as _ achieved so far? this is a very critical time as you _ achieved so far? this is a very critical time as you mention, l critical time as you mention, the forum has been doing extremely well, it brings three elements, one is of course the youth trying to help finding ways we can creat

faisal islam, bbc news, in birmingham.n at the conservative party conference in birmingham. what is your view this evening of the standing of the government? well, what they are trying to do is wrestle back a sense of confidence and a sense that they are in control. that is why we are hearing tonight they are going to bring forward this announcement on how they are going to deal with government debt which is one of the contributory factors to the spooking of the markets in the last couple of days. that is why we had that screeching u—turn in the early hours of this morning and then at breakfast time when kwasi kwarteng was stood here, acknowledging why he was stood here, acknowledging why he was swallowing a policy he was very proud of, just a couple of days before. politically, though, a day like this is dangerous. it is excruciating for the politicians involved but it is dangerous. why? because it creates a precedent, a president that a government that was saying a couple of weeks ago that it was willing to be unpopular,

faisal islam, bbc news, at the imf in washington.een taking place in thailand for those who were killed at a nursery last week when a former policeman went on a rampage. family members, thailand's prime minister, and members of his cabinet were in attendance. a total of 37 people — including 23 children — were killed in an attack that has shocked the nation. jonathan head has more. so many lives cut short and so young. on the last day of these mass funerals, families prayed before the coffins of the victims for the last time. this woman is saying goodbye to her granddaughter, who she brought up since she was a baby. translation: she always played like a boy. she could be quite rough. she used to climb on me or on her grandfather. she would make him fall over and laugh at him, like me. he loved her dearly. it laugh at him, like me. he loved her dearl . �* laugh at him, like me. he loved her dearl . . , �* , . laugh at him, like me. he loved her dearl . �* , . ., dearly. it wasn't “ust children who died. 13 adults — dearly. it wasn'tju

we just wejust got this we just got this report from washington from faisal islam.d has gone back to london unexpectedly. his teams say wants to consult with senior members of government, basically a prime minister and fellow mps about that mini budget. the mini budget that is just going down badly in his own party but is also gone down badly in the financial markets. in fact, today, then i convinced there is going to be a major u—turn, but a big swathe of that mini budget will never see the light of day. that is now what kwasi kwarteng has to establish. has to sort out quickly what, why? because the bank of england which is helping support funding, those markets the government borrowing, that funding has been pulled at the end of today so really to have a weekend to sort out what they are going to do. are they going to u—turn? how much are they going to u—turn on orare how much are they going to u—turn on or are they going to face the markets next week is a very big stakes, a dramatic return to london for the chancellor of the exchequer. still to come: the teenage

faisal islam, our economic data. —— editor.rvative party members. 0ur political correspondent alex forsyth has been talking to some of them in witney in 0xfordshire, to find in the market town of witney, people were going about their daily business, as the drama unfolded in westminster. at this town centre coffee shop, talk of political turmoil did filter through. bob, a lifelong conservative voter, has lost faith in the prime minister, and for him, today's actions didn't help. i have always voted conservative but i will never vote conservative again. why? because i think they are just greedy, cutting taxes for the rich, it is just not right. there is a lot people going to face poverty. there is concern about the everyday impact of economic instability on people and businesses. mike thinks it is too late for liz truss to pull it back. i think she's made so many errors that she has already lost the confidence of the people she needs, quite honestly. but forjackie and paul there is frustration at what they see as attempts to unde

here's our economics editor faisal islam.den rise in interest rates is creeping across the economy, into mortgages and lending rates for companies. the source of the issue remains the market for uk government debt since the mini budget and so the bank of england has once again had to intervene to protect financial stability from a fire sale by some types of pensions. the new intervention did temper short—term borrowing rates, but the effective cost of borrowing over 30 years carried on rising. these rates remain higher than at the time of the mini budget. while two—year rates were down a little, existing rises are still filtering into mortgages. today the rate for a typical two year mortgage fixed shot up typical two year mortgage fixed shot up again. it is already now 6.5%. the chancellor in the commons today stuck to his mini budget plan despite challenges. lafit stuck to his mini budget plan despite challenges. last month we set out the — despite challenges. last month we set out the growth _ despite challenges. last month

faisal islam, thank you. there is plenty more information on all of that online.mprove their response if your home is burgled in england and wales, a police officer will come to investigate — that's what police chiefs are now pledging. some forces already do that but others only go if the victims are vulnerable or elderly. it is all about building more public confidence in the police. our home affairs correspondent daniel sandford is here. do they have enough police officers to do that? 20,000 new officers are being recruited but it is not yet clear if that will be enough to meet the new promise. 0verall burglaries are at low levels compared to previous years. you can see the trend here moving down from nearly 900,000 burglaries recorded by police to decades ago, dropping to 270,000 last year. but despite the pull in the number of cases only 4.1% in all deaths in england and wales resulted in someone being charged last year. some diets have shown promising results. last year greater manchester police committed to attend every report of burglary. they made 430 arre

my totalfocus, faisal, is on delivering on the mini budget. in full?g sure that we get growth back into our economy. that's the central price. that's the main focus of myjob and the reason why i'm here in washington, the reason you are here, is because we've got imf annuals and everybody is talking about the same problems. but behind closed doors at the g7 the bbc understands there was some diplomatic concern and surprise about how the uk has doubled down on unfunded tax cuts even after the market response. policy measures need to be well targeted and they need to be temporary. when monetary policy puts a foot on the brakes, fiscal policy should not step on the accelerator, because if it does we are for a very dangerous ride. the markets have been very volatile. today, the rumours of a u—turn saw effective borrowing costs for government falling very sharply and sterling up, but then that was denied. the letters imf have a specific resonance in british economic history and for british chancellors. to be clear, this is not a moment like in 1976, where br

faisal islam, bbc news.m our correspondents in wales, scotland and northern ireland, starting with chris page in belfast, who's been speaking to people about what mr sunak�*s appointment means for a nation which is potentially facing an election before christmas. he was supposedly knocked out but he has come off the ropes to be crowned tory champion. this mural in belfast has been repainted repeatedly as the political prize fighting in london has played out. in the student area nearby, people have various thoughts on the new prime minister and how he got the job. there is nothing democratic about that. i feel like they need to call a general election because it's crazy. it's better than liz truss, anyway, you know. - what would you like him to prioritise for this part of the world? mainly stabilise the economy. there's a really badl drug epidemic at the minute it probably needs to be prioritised over the _ majority of things. and the most immediate issue facing rishi sunak here is that northern ireland is cu

here's our economics editor, faisal islam. it was meant to be a growth plan, not a budget.jects from those involving towering cranes to ordinary house moves to make that investment, but instead it amplified an interest rate shock from around the world and targeted it at the uk. natwest last week were quoting five—year fixed rate at 3.77, whereas the changes that were made to take their five—year fixed—rate cheapest is 5.14. and that was with a 40% deposit. ten minutes walk from the chancellors speech, a birmingham mortgage broker is still seeing the shock waves from last week hit ordinary consumers. it's been a massive shock this past week, the pace of change very difficult to keep up with, lenders are withdrawing products with little or no notice or even retrospectively telling us a deal has gone so it makes us the extent of the u—turn in financial terms is modest. the £45 billion of unfunded tax cuts becomes £43 billion. the now abandoned cut in the 45p rate was to cost the exchequer 2 billion pounds but by for a bigger cut was the reversal to the national insurance rise.

islam in america. — bbc's economics editor, faisal islam in america, saying he was definitely goinginitely going to _ in america, saying he was definitely going to be — in america, saying he was definitely going to be around and so was liz truss _ going to be around and so was liz truss there _ going to be around and so was liz truss. there doesn't seem to be any self—awareness. you can win a pub quiz on_ self—awareness. you can win a pub quiz on this, — self—awareness. you can win a pub quiz on this, there has been as many tory chancellors this year as there has been — tory chancellors this year as there has been labour chancellor since 1967~ _ has been labour chancellor since 1967~ that — has been labour chancellor since 1967. that gives you some indication of the _ 1967. that gives you some indication of the chum— 1967. that gives you some indication of the churn and it is the chairman at the _ of the churn and it is the chairman at the top — of the churn and it is the chairman at the top of— of the churn and it is the chairman at the top of the table. this is the person. _ at th

here's our economics editor faisal islam. the mini budget, when it began to fall apart in spectacularfashion. measure after measure have dissolved within just days. and now, after 2a days, all the tax measures not already passing into law, along with one of its authors, have vanished from the government's agenda. today the new chancellor did notjust announce a new chapter in economic policy, it was a complete rewrite of the £16 billion of tax cuts announced in the mini budget. we already had reversing the planned corporation tax cuts of £90 million and the £2 billion for the top rate of 45p, that was scrapped first. today another £7 billion in other tax cuts was clap, including a freeze on alcohol duty, leaving £17 billion. the stamp duty cut and the reversal of the rise in national insurance. butjeremy hunt went even further, not only cancelling the proposed early cut in the basic rate of income tax, but getting rid of it into the future, so going beyond reversing the mini budget policies and leaving the tax—cutting prime mi

under fire over recent uk government policies that caused havoc in the markets. 0ur economics editor faisalng. he is making his debut here at the imf in washington. the first meeting with fellow g7 finance ministers. something of a baptism of fire, even this morning, as he arrived with news from the uk that in august the uk economy went into reverse, contracting unexpectedly with those government effective borrowing costs, the yields, going up to levels we have not seen for 1h years. the bank of england saying that it was definitely and uncompromisingly going to withdraw emergency support that has been in place since the mini budget for the guild market this weekend and other arms of the bank of england, chief economist say that actually the biggest consequence in economic terms of the energy shock will not be inflation but on the public finances. that passes the ball back to the government, the treasury to sort out what is seen as a problem notjust in the uk here as well. our understanding is that among the g7 there is some raised eyebrows over what is happening. they would rather talk abo

faisal islam, economic said thank you. the economic challenges.at record levels. our health editor hugh pym has this assessment of the path ahead. siren wails winter has not fully set in but the nhs is already under severe strain and facing its own state of emergency — a potential nightmare for the new prime minister. hospital and ambulance delays in england will top the in—tray. last month, 29% of patients in a&e had to wait more than four hours before being treated or assessed — a joint record high. a&e units are overcrowded because beds can't be found on the wards and that's because it is a struggle to discharge patients who are medically fit back into the community. the current situation is absolutely gridlocked, where people are stuck in many different places where they shouldn't be, not getting access to the care they need. social care is seen as a major cause of hospital delays, but why? currently there are 165,000 vacancies in adult social care in england and these shortages help explain why only two in five patients can leave hospital whe

faisal islam is in washington.or given the voices we have heard today, to consider a change of course? ., . ., .,, , course? the chancellor has been in meetinas course? the chancellor has been in meetings with _ course? the chancellor has been in meetings with the _ course? the chancellor has been in meetings with the world's - course? the chancellor has been in meetings with the world's most - meetings with the world's most important finance ministers, the g7, his debut on this world stage, we understand there were comments in general about the dangers of unfunded tax cuts and the danger to financial instability and i heard in private from some of the people around the table that what they were concerned by was not necessarily someone taking a different policy avenue but when there are clear issues in the markets, the fact that a government doubles down on that, that is what was puzzling people at a place like this. so the question being asked notjust here but also domestically and in the markets is when you have

and tomorrow, the chancellor will address the conservative party conference. 0ur economics editor, faisalt make a difference that she did have this acknowledgement today that the mini—budget could have been handled better? i that the mini-budget could have been handled better?— handled better? i think that acknowledgement - handled better? i think that acknowledgement contains | handled better? i think that - acknowledgement contains within it an implicit admission that the mini—budget, that there was a connection at least in part between the mini—budget and debt markets last week and that is closest to the consensus thinking in markets and in economics that hard numbers were needed. but this does also raise some challenges because hard numbers need some clear policies and we also heard from the prime minister that there wouldn't be any tax rises to fill any fiscal holes. that they want growth to do some of the job but that is down to the independent forecasters to decide whether the plans will generate enough growth. so you're left with spending cuts and considerable spending cuts. we do

in a moment we�*ll talk to chris mason who�*s joined me, but first faisal islam is here to spell outn metric by which to judge the effectiveness of the entire truss government, after that conference speech. but there are more immediate challenges. some of the aftershocks of the financial turbulence after the mini budget are only now reaching the real economy. that can be seen especially in the mortgage market, which normally moves with the bank of england base rate. but look at this chart of the typical two—yearfixed mortgage — that�*s taken off since the mini budget, reaching 6% — the highest level since the financial crisis. that�*s a significant rise — several hundred or a few thousand pounds a year depending on the size of the mortgage. the government argue that most of this rise is other factors, but this very sharp rise is what we have seen since the mini budget. what about the core of all the crisis in the first place? borrowing costs for government which feed into those mortgage rates. this is the rollercoaster on effective borrowing rates for a five—year loan to government.

our economics editor faisal islam reports.blems in uk financial markets are not sold, the bank of england has repeatedly stepped in to help the pensions industry since chancellor kwasi kwarteng poga controversial mini budget. the message from andrew bayly to the bbc is that while people and pensioners should be reassured, supporters going to end this weekend. we are going to end this weekend. - are doing everything to preserve financial stability, and, you know, you have my assurance on that. i think there is an important task now for the funds to ensure that they are done.— for the funds to ensure that they are done. tough love for they are done. tough love for the pensions _ they are done. tough love for the pensions industry - they are done. tough love for the pensions industry that. they are done. tough love for| the pensions industry that had hoped for help until the uncertainty over the government's economic plans have been settled but that will not happen. while actual pensions are safe, there could be an impact on the

faisal islam, bbc news, at the imf in washington.what does this mean in the real world? ben is here to explain. we hear all of the talk of stocks and gilts and bonds, but is the impact for us? it gilts and bonds, but is the impact for us? u, gilts and bonds, but is the impact for us? , ., ., , for us? it can be and feel really rude but investors _ for us? it can be and feel really rude but investors are - for us? it can be and feel really rude but investors are charging | for us? it can be and feel really - rude but investors are charging the government more to lend it money, in terms that pushes up our borrowing costs. in bonds, that is in simple terms, and are you that the government issues, it borrows money and promises to pay it back with interest. —— it is an iou. investors know they will get their money and they will get their interest so it is low risk. that is why a lot of pension funds hold them, you can guarantee income when people draw their pensions. but what we have seen, investors charging the government more because th

faisal islam, bbc news, at the imf in washington.former member of the bank of england's monetary policy committee — and currently a professor of economics at king's college london. thank you very much forjoining us today. i want you to talk to our viewers first of all, because people are trying to make sense of all of this news today, they may be wondering what it means for them. their mortgages, the pensions etc. what would you say? i their mortgages, the pensions etc. what would you say?— their mortgages, the pensions etc. what would you say? i think we have to distinguish — what would you say? i think we have to distinguish mortgages _ what would you say? i think we have to distinguish mortgages from - to distinguish mortgages from pensions. as i understand it, the problem the pensions fund had, the pensions funds have had as they have had cash call on contracts they had taken out to protect themselves, should interest rates have fallen further. that does not affect their ability to pay pensions but does mean they need to cash in

faisal, thank you.e of its fans streamed onto the pitch in protest. there were running skirmishes with the police, who then decided to fire tear gas, which drifted into the stands, causing the above—capacity crowd to search for the exits. that's where many of them were crushed. unconscious fans were carried out of the stadium to the ambulances which had begun arriving to get them to hospital. this survivor described choking on tear gas. "it was everywhere," he said. "inside and outside the stadium, even in the shops and stalls nearby." indonesian presidentjoko widodo ordered an immediate investigation and for all premier league matches to be suspended. "i hope this will be the last tragedy of this kind in our country," he said. outside the stadium, the burned shells of police trucks bore witness to the anger of the crowd. indonesian football has long been troubled by fan violence and poor management. but the way the police handled the crowd trouble in malang, in particular the use of tear gas inside a p

he needs to borrow from — as faisal explained earlier.ome comment in general about the dangers of unfunded tax cuts, the danger to financial stability and i have heard in private, from some of the people around that table that what they were concerned by was not necessarily someone taking a policy avenue, but whether there is clear issues in the markets, the fact the government doubles down on that is what is puzzling people at a place like this, the question being asked notjust here but domestically and in the markets, as with the prime minister publicly ruling out spending cuts and tax rises but saying borrowing will be under control, we don't need an advanced degree in mathematics to work out there is something that needs to move there, something that could be u—turns on but what exactly, and it cannot be done in a way that is economically sustainable and politically viable. let's speak to gervais williams from the fund managers premier miton here in london. give us your take on what might happen next because in parliament the prime mi

you've got faisal islam rocking up on the ten o'clock news, the six o'clock news, world at one, todayhrough and explaining people again and again what a bond is. but it also means doing the arithmetic. i mean, the macro stuff in the budget and indeed in the statement the other day, it goes over most people's heads. they don't really understand why it's important. but if you tell them, you know, you're going to save some tax but it's only going to be around 150 quid a year, then they start listening. if you tell them that, "oh, great, stamp duty has been cut if you want to buy a house," then you say, "but it's only £2,500 for most people," then they realise that these interventions of the government and maybe not quite so major. and then of course you have people coming on saying, "0h, yeah, but the tax cut at the highest rate — that will save somebody on {1,000,000 a year £55,000!" and then people start taking notice of that. and i think the arithmetic is key, and i always prepare budgets with a spreadsheet, so i've got those figures to hand. and otherwise you're relying on treasury p

still with me, chris mason, faisal islam., a moment of triumph. an extraordinary moment for l triumph. an extraordinary moment for him personally. a matter of months ago he had been plunged into the political wilderness, wondering what his political future, political wilderness, wondering what his politicalfuture, if he had one, would amount to. i think he was photographed on a plane to spain. defeated by liz truss as he was then, having been seen as the likely runner—up for the entire time of the conversation the two of them were having with conservative party members. yes, he had set out very candidly during the summer what he saw as the weaknesses of liz truss's economic prospectus. as pfizer was reflecting on, he has not said out loud in public, i told you so, but that thought must have crossed his mind. —— faisal. his economic analysis of the summer was vindicated by the reality of the early autumn. but it is his problem now, at least it will be within half an hour. how does he grapple with the problem is that liz truss

i. li faisal animal hammered a members of the marine tribe of some of them have spent decades assisting with the excavations along with their families. many of the local bedouins once lived in and around neighboring petra, as tourism became increasingly important. the jordanian government moved them into a purpose built village albania. the village is also the base camp. for the barger archaeologists, the necessary equipment is stored in one of el bait. as simple houses the team only ever take what they really need with them. as getting to the site is extremely difficult. with the pickups, make their way through the dusty rocky landscape to the entrance into the deep barsha gorge. the spouse vegetation here requires irrigation to grow. with these large trees, on the other hand, grew without human interference. they marked the beginning of a gorge shaped by masses of water, of a thousands of years known locally as a seek you on foot. the luggage makes the climb even more challenging. multiple journeys are required to transport everything to the site. despite the difficulties, the seek re

faisal islam, bbc news, in birmingham.s. hello from picturesque telluride high up in colorado's rocky mountains. in today's programme we witnessed the beginnings of this year �*s oscars race on us soil is seen through the movies that were shown at the telluride film festival. we also report on movies is seen here at telluride which were first shown at the venice film festival. remote telluride isn't easy to get to. many festival—goers come by air to savour a tightly curated 4— day festival the play is increasingly important role in launching films which go on to win academy awards. one big telluride stand out this year, the much praised women talking from sarah polley, displaying a group of mennonite women deciding on how they will respond to sexual assault. also getting accolades, empire of light from british director sam mendes with an impressive performance by olivia colman. top chilean filmmaker sebastian lelio was at the festival, gloria got in there first and then he is in with his latest film. this time he was at te

we had earlier from faisal islam committee _ england. is important to remember where we were when we got rid of borisjohnson and why. nobody forgets his achievement. he destroyed his credibility and he had lost the faith of the british people over pa rtygate lost the faith of the british people over partygate and everything is and getting rid of him is the right decision. the reason we are not hearing about the scandals any more is because he is not prime minister. we know what the decision is not, not borisjohnson. i we know what the decision is not, not boris johnson.— we know what the decision is not, not boris johnson. idisagree. boris johnson still _ not boris johnson. i disagree. boris johnson still has _ not boris johnson. i disagree. boris johnson still has not _ not boris johnson. i disagree. boris johnson still has not given - not boris johnson. i disagree. boris johnson still has not given up - not boris johnson. i disagree. boris johnson still has not given up on i johnson still has not given up on his hopes — johnson still h

our economics editor faisal islam is in washington for the international monetary fund's annual meetingllor's plans. what reception is he likely to get? it is not 'ust reception is he likely to get? it is not just that _ reception is he likely to get? it 3 notjust that prediction reception is he likely to get? it 3 not just that prediction arising notjust that prediction arising from the shock august figure going into reverse, it is also, as we have been hearing from simon, the fact that the government borrowing costs have effectively gone up to a 20 year high because of the bank of england saying that they would stop that emergency intervention at the weekend. on top of that, the bank of england chief economist was saying the biggest risk arising from the energy shock is now not inflation, but the public finances, which puts the ball firmly back in the court of the ball firmly back in the court of the chancellor in terms of finding a solution to this market turmoil. if that was not enough, when he arrived here at the imf, he was having meetings with fellow g7 finance ministers from the