well, our business correspondent marc ashdown is here. marc, quite an admission, this? admission? he is talkin: that was quite an admission? he is talking about _ that was quite an admission? he is talking about quantitative - that was quite an admission? he: 3 talking about quantitative easing. that is when central banks by the government bonds to stimulate their economies. he said it is, in effect, printing money. it is not unusual, it has been happening all over the world on and off since the last financial crisis. the mistake he said was doing it during the lockdown. banksjust carried on printing money and he says it was a mistake and it helped drive up inflation. now is the time for politicians to front up, they need to start getting inflation moving down in the right direction. to do that it needs slow growth over many years, but they need to be honest with the public about the scale of tax rises and spending cuts it might mean. he said there is a case now to invest more money into public services because of the damage done by the pandemic. it looks like room for

marc ashdown, bbc news. now on bbc news: our world.ast remaining opposition tv station, was forced off air in march 2022. our world follows senior presenters trying to relaunch tv rain from exile. in march, russia's last independent tv station went off air. tv rain opposed russia's wore in ukraine and challenge the kremlin�*s began the machine. this narrative about massive support of this war is false, so that's why they have killed us. the journalists of tv rain, including senior presenters katya and tikhon, were forced to flee the country. our world joins the power couple on their mission to relaunch the channel from exile. i'm scared to death. can they fight the kremlin? they believe their weapon is the truth. it's june 2022. with the war in ukraine, georgia's capital, tbilisi, has swelled with new arrivals. rock music plays. at this festival, ukrainian refugees mingle with russian emigres. among them, tikhon dzyadko, from moscow. he's editor—in—chief of tv rain, russia's last independent tv channel. his wife is katya kotrikadze. sh

marc ashdown, bbc news.investigates a new trend on tiktok: hundreds of families in refugee camps in syria, begging for gifts on tiktok livestreams. there's a new trend on tiktok. children in camps in syria begging for hours on end. they're asking for tiktok gifts that can be withdrawn as real money. but that money isn't all going to them. we've been following more than 300 accounts going live on tiktok, trying to work out where that money is going. tiktok has got a ferocious appetite for growth. the longer that they spend on the platform, the more revenue they generate. how people living in desperate circumstances suddenly have the phones, internet and tiktok accounts to go live... tiktok is creating an enabling an ecosystem that runs on the exploitation of people's suffering. ..and why so many of the donors come from the uk. over £1,000 would have been put in there and that to them would have been a lot of money. we've uncovered a network of companies around the world, including agencies contracted by tikto

business corresponded marc ashdown has analysis.miles and a new political phrase, trussonomics, liz truss�*s high—growth, low—wage tax economy. three weeks later, new chancellor has buried it. had ou chancellor has buried it. had you been _ chancellor has buried it. had you been given _ chancellor has buried it. had you been given a _ chancellor has buried it. had you been given a clean - chancellor has buried it. herc you been given a clean slate, could you change elements of the mini budget?— the mini budget? yes. the fundamental _ the mini budget? yes. the fundamental thing - the mini budget? yes. the fundamental thing the - the mini budget? yes. the l fundamental thing the prime minister wants to do and i want to do— minister wants to do and i want to do is— minister wants to do and i want to do is be— minister wants to do and i want to do is be completely honest with_ to do is be completely honest with the — to do is be completely honest with the country. trussonomics reverse, with the country. trussonomics reverse. tax — with

our business correspondent, marc ashdown, has this analysis.udget at the end of september. and with it a new political phrase — trussonomics, describing liz truss's vision for a high growth, high wage, low tax economy. butjust three weeks later, her new chancellor has buried it. have you been given a clean slate? can you change elements of the mini budget if you want to? yes. and the fundamental thing the prime minister wants me to do and i need to do is to be completely honest with the country. trussonomics reversed, then. tax cuts likely replaced with tax rises, huge investment replaced with a spending slowdown. this rethink has largely been driven by the turmoil in the financial markets since the mini budget was announced. the pound has had a torrid time. the effective cost of government borrowing has soared and the bank of england had to step in with an emergency programme — buying up government bonds to stabilise the pension sector. there is a pressing need, then, to restore some confidence and credibility. bank of england governor andrew

marc ashdown, thank you ve much next year.rdering a two—year—old girl in county durham. maya chappell died in hospital last month, two days after being found in a critical condition at a property in shotton colliery. peter harris was in court. police had been called to a house in shotton colliery last wednesday and subsequently a girl, who can now be named as maya louise chappell, was airlifted to hospital. she subsequently died in the royal victoria infirmary in newcastle on friday. now, she was two years old. yesterday, durham police charged a 26—year—old man, michael daymond, with her murder and this morning he appeared here at peterlee magistrates�* court. he spoke only to confirm his name and he has been remanded in custody. he will next appear before teesside crown court, that's on october the 10th. now, durham police say a 23—year—old woman who was also arrested has now been released under investigation. our top story this lunchtime. more than 100 licences could be issued by the government for companies to explore for o

marc ashdown, bbc news. what does all of this mean for liz truss?— for liz truss? the chance this mornin: for liz truss? the chance this morning was _ for liz truss? the chance this morning was trying to - for liz truss? the chance this i morning was trying to calm things economically, to reassure the financial markets, but in doing so he has added to liz truss' political problems. why is that? she built her leadership edge on this vision of regulation loosening, tax cutting, throwing everything at the economy, taking a massively different economic approach. if it sounds like thatis economic approach. if it sounds like that is now about to be junked it leaves those who did not support are asking what is she for as prime minister? she also means those who enthusiastically embraced her plan are disappointed and she is not going to see that through. all of this means that is a huge knock to her authority. some mps then given time, given breathing space, she may try to build that back, but plenty think it is too

marc ashdown, bbc news.nt helen catt gave us this update from downing street about what happens next. well, about what happens next. the chancellor this morr was well, the chancellor this morning was trying to calm things economically to reassure the financial markets, but in doing so, he's added to liz truss's political problems. why? because she felt her leadership pitch on this big vision of regulation, tax cutting, throwing everything at the economy, taking a different economic approach, that is now about to be junked. it leaves those who didn't support her, what else does she offer? what is she for as prime minister? but it leaves those who enthusiastically embraced and supported her plan, and there are some of those disappointed that she has changed course and is not going to see that through. all of this means it's a huge knock to her authority. there are some conservative mps who think given time and space, she may be able to start building that back. and plenty think that it is too late already. her

marc ashdown, bbc news.s could soon be out of a job? some have suggested she could be out the door within the week — making her the shortest serving uk prime minister for nearly 200 years. our correspondent, ben wright, has more. it is completely extraordinary. liz truss is only been in the office for a0 days. she has won the tory leadership contest, planning to rip up previous treasury orthodoxy and embark on a programme of unfunded tax cuts to try and ignite economic growth. and now that is all gone. it's in the bin. and today the new chancellorjeremy hunt was clear that he is willing to do pretty much anything to restore financial credibility in the british government and economic system and that will include tax rises, spending cuts, and other measures which just a few days ago liz truss was saying would not happen. so it is extraordinary about turn and leaves her clearly very damaged. i was talking to one former minister today who said, "jeremy hunt now is undeniably the most powerful man in the very we

our business correspondent marc ashdown there.r warning of economic problems in the last hour from the governor of the bank of england andrew bailey. in a speech in washington, he said the bank might have to raise its interest rates even higher than first thought in order to tackle inflation. let's hear what he had to say: recently the uk government has made a number of fiscal announcements. and has set october the 31st as the date for a further fiscal statement. the mpc will respond to all this news at its next meeting injust under three weeks from now, just after the 31st of october. this is the correct sequence in my view. we will know the full scope of fiscal policy by then but i repeat what i have said already, we will not hesitate to raise interest rates to meet the inflation target. and as things stand today, my best guess is inflationary pressures will require a stronger response than we perhaps thought in august. the governor of the bank of england. let's get more on this from david gauke — a former conservative mp who wa

marc ashdown, bbc news. the latest on the explosion in a mine. 41 people have died. it's thought methane gas caused the explosion. turkey's president erdogan has been to the scene where the last of the missing worker's bodies was brought out from the mine. this happened in the city of amasra on the black sea coast. anjana gadgil reports. a funeral for one of the miners killed in the blast in the black sea coastal town of amasra. other families waited outside the morgue where their relatives' bodies lay. it's one of turkey's deadliest industrial accidents in years, and left smoke billowing into the sky. over 100 people were working there at the time. more than 70 workers took part in rescue efforts, which went on throughout the night. crowds gathered around the head of the mineshaft. many were family members of the dead and injured. it's believed methane ignited at a depth of 300 metres, causing a fire in one of the tunnels. president erdogan made a visit to the scene and said he hoped no more lives would be

let's get more now with our business correspondent marc ashdown. lm so far, i think there is a feeling that prudence pays. people at home might be thinking, here we go again, more uncertainty, but i don't think there is any surprise in the markets that rishi sunak wants to kick the tires on all of this. positive that this is now being upgraded from a mini statement to a full autumn statement, so in theory we will get far more detail on what the chancellor plans to do on economic stability, how he is going to get growth moving up and debt down, and also in his words how he is going to bring security on jobs in the cost—of—living, in short, promising a clear plan, in his words, that stands the test of time. we have seen how hasty decisions can have a big impact on credibility. so what happens now? the _ have a big impact on credibility. so what happens now? the first - have a big impact on credibility. so what happens now? the first key i have a big impact on credibility. so i what happens now? the first key date is the 3rd of — what happens now? the

marc ashdown, bbc news.s to capture a town in the east of the country. he said it was fierce fighting was happening outside the city of donetsk and bakhmut. this happening outside the city of donetsk and bakhmut. this place has freauentl donetsk and bakhmut. this place has frequently been _ donetsk and bakhmut. this place has frequently been attacked _ donetsk and bakhmut. this place has frequently been attacked by - donetsk and bakhmut. this place has frequently been attacked by russian. frequently been attacked by russian forces. it would also help moscow change the narrative that russian forces are retreating here in the country, so that if the situation in the east. in the south, we have been watching the ukrainian counteroffensive in the region of her son and yesterday we had an update from the ukrainian defence minister who described the situation is difficult, that is, because he said the conditions on the ground and also the conditions there in that part of the country. the main target here is the ci

our business correspondent, marc ashdown, is here. e chancellor is facing some very difficult sums? he has been seen as a lifeline for liz truss but he needs to make peace numbers add up and he needs to reassure the economy. the ill—fated mini budget amounted to £16 billion of unfunded tax cuts and that was part of the problem so that is being unpicked. we know they are keeping the top rate of tax, they are raising corporation tax, and we're now hearing there may be a delay in this cut basic income tax to 19p, that could be delayed for another year, that could save £25 billion, and it's still a big black hole, there is about £20 billion, they still need to save to balance the books, so how they achieve that? jeremy hunt has already said he is looking to reduce spending and government departments. we can look at health care, £277 billion last year on that, £100 million in education, £112 billion on defence, big numbers, one way they could save things straightaway is by below inflation increases, so increase spending but less than inflat

let's get more now on both these stories with our business correspondent marc ashdown.has said? this press conference was delayed this morning for a time, because, you couldn't make it up, both of these mayors were delayed because these mayors were delayed because the train was cancelled. the irony was not lost on them. when they did get up and running, the key message was that this was an urgent call for action to the government for more funding fortrain action to the government for more funding for train services. there needs to be an urgent injection of cas to end the rail chaos, as they put it. they say it is inflicting misery on people's lives, and wreaking havoc on local economy. it is another day of rail disruption in the in the north. it is a one day strike over train managers. they will be finishing in the very early evening, the last train out of euston is at az30pm. what is not helping as this is the start of nine days of upgrade works by network rail across the region. that has added to the disruption. this does involve rmt members, but is not part of the lo

the implications of what mr hunt said this morning, i�*m joined by our business correspondent, marc ashdown and what does it mean to the money in our pocket? cache mini budget and what does it mean to the money in our pocket?— the money in our pocket? cache your mind back to — the money in our pocket? cache your mind back to three _ the money in our pocket? cache your mind back to three weeks _ the money in our pocket? cache your mind back to three weeks ago - mind back to three weeks ago yesterday, the mini budget was launched. liz truss�*s promise of a high wage low tax economy. just three weeks later, her new chancellor buried that. she remains prime minister butjeremy hunt was clear there, prime minister butjeremy hunt was clearthere, he prime minister butjeremy hunt was clear there, he has a clean slate to completely rethink this economic plan. from tax cut to possibly tax rises. a slowdown on spending. this is a back to the drawing board moment really. nothing is off the table including health and defence, normally untouchable. they could be as for savings as well. for the markets, af

our business correspondent marc ashdown is at euston station for us now. y with a widespread rail strike. there aren't many parts of england, scotland, and wales which will be untouched by this action. to give you an idea of the impact how far it reaches, one in five trains today will be running, so it is a hugely reduced timetable, about half of the entire network is complete shutdown of those trains which are running, well, they started a lot later, about 7:30am, and they will finish much earlier, so don't expect many trains after 6:30pm. i have just been inside here at euston and there are a couple of trains running to watford, preston, and manchester, but they are pretty few and far between. this involves about 40,000 members of the rmt union, their guards and signallers, they have walked out at eye, but also members of the tssa union, they run ticket offices and do on—board operations as well, they have walked out as well but in much smaller numbers. network rail, the staff working there, they operate the tracks and signals, the plumbing of the whole s

let's get more now on both these stories with our business correspondent marc ashdown . morning and it was delayed time. the train was delayed. they kicked it off by saying the irony was not lost. when they did get going they said there needs to be an urgent injection of cash to stave off rail chaos. they say it is inflicting misery on people's lives, and wreaking havoc on the local economies of the big city. there has been disruption across the north of england and scotland, and this week has been particularly bad. we have had routes between london, glasgow and manchester affected. trans— and manchester affected. tra ns— pennine and manchester affected. trans— pennine express apologised because of a string of cancellations and delays. some delays were up to six hours. we have had reports of gaps of seven hours between services actually running. that has affected areas like hull, leeds, and manchester as well. they have blamed high levels of sickness and training backlog after the covid pandemic. they are not the only operator. there has also been issues on avanti. peopl

marc ashdown reports. for the second consecutive saturday, rail services have ground to a halt.t across england, scotland and wales. picket lines at manchester piccadilly have become an all—too—familiar sight, as has disruption for passengers. i do understand about the strikes, but it is causing a lot of complications, especially with going to work and travelling and things like that. it is making it a lot harder to get around more than usual. we took a bus instead. we took a bus from london. to manchester, because of the rail strike. and then the bus... it was about... - sight hours. — yeah, it was supposed to be a four—hourjourney, and then it turned into eight hours. we're going to take a taxi to blackpool, so that - will cost us 120 quid. 40,000 members of the rmt union at 15 rail operators walked out for the day, mainly guards and signalling stuff, but, crucially, also those at network rail, which operates the tracks and signals. it's all part of a long—running series of disputes involving various unions, overjobs, pay and working conditions. there have now been 11 strikes,

our business correspondent marc ashdown has this analysis.ase — trussonomics, describing liz truss's vision for a high—growth, high—wage, low—tax economy. but just three weeks later, her new chancellor has buried it. have you been given a clean slate?

our business correspondent marc ashdown is at euston station for us now.not many parts of england, scotland and wales are unaffected. just one in five trains today will be running. it's a hugely reduced timetable, about half the entire network is completely shut down and of the trains which are running, they started later at about 7:30am and they will finish much earlier, so don't expect trains after 6:30pm. i'vejust been inside here in euston and there are a couple of trains running to watford, preston and manchester, pretty few and far between. this involves about 40,000 members of the rmt union, they have walked out today, but also members of the tssa union. they have walked out too. impacted are 15 rail operators, the company is running the trains, also, crucially, network rail. the staff working there, they operate the tracks and signals, the plumbing of the whole system and they are crucial and that is why there is so much disruption today. the headlines on bbc news... police say ten people have been killed and eight injured in an explosion at a petr

our business correspondent marc ashdown has been following this.e of those big, scary sort of confusing phrases, but it is actually quite simple. it's when central banks buy government bonds to stimulate their economies, but because the money doesn't really exist you can say they are printing money. now, it is happening all over the world, it has done since the financial crisis, but the problem, lord king says, happened during the covid lock downs. the covid lockdowns. money was already being pumped into the economy via furlough to help people and businesses, and he says egged on by economists the banksjust kept on doing it. and he said that was a mistake. and it contributed to inflation going up. now he says it is time for politicians to front up, to start bringing down inflation with policies that lead to slow growth over many years. but they also need to be honest with the public about the scale of tax rises and spending cuts that might require. he says, actually, there is a case now for more money to go into public spending because of the damag

our business correspondent marc ashdown is at euston station for us now. ay of disruption? as the strike days accumulate, does the union feel they're beginning to have an impact? it is the union feel they're beginning to have an impact?— have an impact? it is a second consecutive _ have an impact? it is a second consecutive saturday - have an impact? it is a second consecutive saturday with - have an impact? it is a second consecutive saturday with a i have an impact? it is a secondl consecutive saturday with a rail strike _ consecutive saturday with a rail strike across england, scotland and wales _ strike across england, scotland and wales. there are not many areas that won't _ wales. there are not many areas that won't be _ wales. there are not many areas that won't be affected. to give you an idea of— won't be affected. to give you an idea of the — won't be affected. to give you an idea of the impact, just one in five trains— idea of the impact, just one in five trains will— idea of the impact, just one in five trains will be running today. it is a huge

our business correspondent marc ashdown is here.s the chancellor face? how difficult the calculation does the chancellorface? he's how difficult the calculation does the chancellor face? he's got two main jobs, the chancellor face? he's got two mainjobs, first the chancellor face? he's got two main jobs, first to the chancellor face? he's got two mainjobs, first to balance the chancellor face? he's got two main jobs, first to balance the books and secondly to reassure the financial world. books and secondly to reassure the financialworld. kwasi books and secondly to reassure the financial world. kwasi kwarteng's ill—fated mini budget amounted to 45 billion of unfunded tax cuts. that is of course now being unpicked. where are we up to now? we know they are going to keep the top rate of tax, they are going to raise corporation tax as well and we are now hearing they might delay the cut in the basic rate by about a year. so that would save about 25 billion. so, that still leaves about 20 billion worth of savings to find. no small figur

our business correspondent marc ashdown has been looking at them.has already been unpicked, the top rate of tax stays and corporation tax will go up after all. butjeremy hunt still needs to find around £25 billion, money the last chancellor planned to give away in tax cuts. so what are his options? we are hearing that he may delay the plan for a ip cut in basic income tax. unconfirmed at the moment, but it could save £5 billion in a year. that would still leave £20 billion to plug and it's hard to see how that could be found without tough cuts in spending. big departments like health, education and defence are normally protected, but mr hunt says nothing is off the table. that could mean less money for things people really care about. welfare and benefits, another big issue. the chancellor could limit increases below inflation, but many of these payments go to the most vulnerable and people in low—paying jobs. inflation is the biggest problem, at 10% still. public—sector pay raises are not keeping up, so we're seeing lots of strikes as inflation bit

marc ashdown, thank you. - any time soon. busy time for you. marc ashdown, thank you. providers, says staff are being forced to leave the profession because they cannot afford to drive to their patients and employers can't afford to raise their salaries. alice cuddy has been to meet one woman whose care support was unexpectedly withdrawn. morning. i'm really sorry. i thought the social workers had been in touch to let you know that our care package with you ended last night. sadly, i don't have any clients in your area, and staff are complaining about fuel costs. natalie has been living without professional care support for over five months. so it's really, really frustrating. we've been constantly on the phone to social services saying, "what's going on? "can we have some help, please?" complications in pregnancy have left her unable to walk, and with a range of health conditions. her husband jason now has to care for her, as well as looking after their young son. idid it! i feel like i'm trapped in this little hole. in this little hell. i have to rely on my husband t

our business correspondent marc ashdown has been looking at them. marc.f the mini—budget has already been unpicked. the top rate of tax stays, and corporation tax will go up after all. but it's thoughtjeremy hunt still needs to find around £25 billion, money the last chancellor planned to give away in tax cuts. so what are the options? well, we're hearing he may delay the plan for a 1p cut in basic income tax. unconfirmed at the moment. but putting that off for a year would save £5 billion. but that would still leave around £20 billion to plug. it's hard to see how that can be found without tough cuts in spending. big departments like health, education and defence are normally protected. but mr hunt says "nothing is off the table." that could mean less money for things people really care about. welfare and benefits are another big issue. the chancellor could limit increases below inflation. but many of these payments go to some of the most vulnerable, and to help people in low—paid jobs. the big problem in all of this is inflation. it's still at around 10

more about the implications of what mr hunt said this morning, i'm joined by our correspondent, marc ashdownthey open because of the time difference in asia on sunday night uk time and how are they going to react to what the chancellor had to react to what the chancellor had to say? if to react to what the chancellor had to sa ? , ., to react to what the chancellor had tosa ? to react to what the chancellor had tosa? to say? if you cast your mind back to say? if you cast your mind back to 23rd of september, _ to say? if you cast your mind back to 23rd of september, we - to say? if you cast your mind back to 23rd of september, we got - to say? if you cast your mind back to 23rd of september, we got the | to 23rd of september, we got the mini budget but we also got new phrase, trussonomics, discarding liz truss um vision for a low—wage —— of high wage, low tax and high growth economy, and this morning, it was buried, jeremy hunt says he has a clean slate to completely rethink the economic plan so we have gone from tax cuts to tax rises, from huge investment to a spending slowdown. make no mist

well, our business correspondent marc ashdown is here.is pointing the finger at his fellow bankers. he is. quantitative easin: is fellow bankers. he is. quantitative easing is one _ fellow bankers. he is. quantitative easing is one of _ fellow bankers. he is. quantitative easing is one of these _ fellow bankers. he is. quantitative easing is one of these confusing i easing is one of these confusing phases, but it is actually simple. it is when central banks buy back government bonds to assimilate their economies, but because they don't exist, you could say they are printing money. it has happened all over the world since the financial crisis, but lord king says the problem happened during the covid lockdowns. money was already being pumped into the economy via fellow to help people and businesses, but he says egged on by economists, the banks kept on doing it and he said that was a mistake and it contributed to inflation going up. now he says it's time for politicians to front up, to start bringing down inflation with policies that lead t

we'll have more on that in a moment, but first this report from our business correspondent, marc ashdownnergy pain is shower�*s game. while we've all been feeling effects of rocketing wholesale prices, companies like shell have enjoyed unpacked profits. it is companies like shell have en'oyed unpacked profitsfi unpacked profits. it is beyond ridiculous. _ unpacked profits. it is beyond ridiculous. something - unpacked profits. it is beyond ridiculous. something has- unpacked profits. it is beyond ridiculous. something has to | unpacked profits. it is beyond l ridiculous. something has to be unpacked profits. it is beyond - ridiculous. something has to be done with shell commit making in huge amounts of money.— with shell commit making in huge amounts of money. they should be -a in: amounts of money. they should be paying more _ amounts of money. they should be paying more than _ amounts of money. they should be paying more than they _ amounts of money. they should be paying more than they are. - amounts of money. they should be paying more than they are. it - amounts of money. they should

and joining me now is our business correspondent marc ashdown. this is a trading update today. in total, they need to lose 10,000, but they are confident that 4000 of those could be from what you would call natural wastage, people leaving or retiring and not replacing them. they are blaming this partly on strike action, but they are also shifting their business model, trying to move from letters to parcel delivery. at the moment, that is not working as they were hoping. staff have of course been on a series of strikes. they have had six days of strike action this year, the most recent yesterday. they have another two planned for this month. they have been offered a pay deal of 5.5%. that is a 2% wage rise, but 3.5% of that is linked to changes in working practices. for example, royal mail want to see sunday deliveries being mandatory now rather than voluntary. the communication workers union blames gross mismanagement for all of this. they say it is a wholesale levelling down of the terms, pay and conditions of postal workers and they are turning royal mail into a gig economy s

our business correspondent marc ashdown is here.n monday. iie: markets been eagerly awaited on monday. the: markets have been eagerly awaited on monday. ti9: markets have been volatile been eagerly awaited on monday. ti9 markets have been volatile over the last few months. column is good, and we got home today, everything fairly flat. —— column is good. everyone at home is thinking, what's going on? and other delay? but the markets were expecting this, there was no surprise at all that rishi sunak will want to kick the tires of these policies, make sure he's happy with it all. so everything is pretty quiet, the state of the pound had a search against the dollar, stayed there, and the government borrowing costis there, and the government borrowing cost is stable as well. positive reaction that this will now be a full budget — it's gone from a mini economic plan to a full works release, and we'll probably get more detail on how our chancellor plans to bring back economic stability, how we get growth moving again slowly and steadily, h

we'll have more on that in a moment — but first, this report from our business correspondent marc ashdowne context of all this. the context is our _ explain the context of all this. tie: context is our energy pain is shell's gain. we've all been feeling these difficult prices rocketing wholesale costs, we've been feeling them in our energy bills and at the petrol pumps. in the meantime, countries that riff distract —— that extract and sell this are seeing bumper profits. i weathering —— eye by that's by shell", ,, . s-.. that�* u p these; fi'b’y’e’a�*éfiééisz : f f , ,, that�* up the billion. a’i’iééisze: ff-.. that�* up the billion. the {sizes—e: ff-.. rise in first game in history, the first highest game in the quarter before when they made £9.5 billion. that means they�*ve made £26 billion so far this year and counting. no labour say these big companies need to pay theirfair share, the tuc says it�*s obscene they�*re making such a large amount of money an ordinary houses are struggling so much with their bills. and we know some people have made those calls for more on the windfall tax, w

and joining me now is our business correspondent marc ashdown. so where does this go? an hour and it blamed the lack of drivers and wanted to give passenger greater certainty of the timetable which has led to huge criticism and andy burnham has led the charge and described chaos on the trains, passengers in stressful situations, dangerous stampedes at london euston on the ticket sales, he says it�*s difficult to get hold of tickets and very far in advance you can�*t book tickets and they are very expensive. he�*s not the only one. the mayor of london has also been criticising it and there have been calls for avanti to be stripped of the franchise entirely. the contract was due to expire on the government have the option to extend by ten years or cancel it altogether and what they�*ve done is given them a short extension for six months. the transport secretary said services are two and one have been unacceptable and they must drastically improve the services in the short period of time and while the short period of time and while the company has taken positive steps it

our business correspondent marc ashdown explained to me earlier what led to this warning.hat led to a raft of criticism led by the london mayor and mayor of greater manchester, andy burnham, who described chaotic scene, stampedes are london used as people tried to rush for the trains running. there were issues with the pricing and availability of dispensary advance tickets as people could not get hold of them to travel. avanti�*s contract is up next saturday so the government had various options and could have cancelled it or expended by ten years so what they�*ve chosen to do is give it a six month stay and are extending up to six months when it comes with caveats on the transport secretary says she wants to see a drastic improvement in services. first group run avanti and welcome and say they�*ve been training more drivers and are confident they can get things back and already bring about 70 services and already bring about 70 services a week back online and they have aimed to get a full timetable up and running again by december the 11th. this is not a happy time on the

about the effect the delay to the government's economic plan, here's our business correspondent marc ashdownome, thinking, "here we go again, more uncertainty, more delays" — but i don't think there's any surprise to the markets that rishi sunak wants to kick the tires on all of this. as they were expecting, it is quite stable — positive too that this has been upgraded from a mini statement to a full autumn statement, so we will get far more detail in theory on how the chancellor plans to bring about economic stability, how he'll get growth up and debt down. also in his words, he's promising to give people security over mortgages, jobs, and the cost of living — in short, promising a clear plan, in his words, that stands the test of time. and we've seen, of course, hasty decisions have a big impact on confidence and credibility. the delay comes as the uk tries to deal with a cost of living crisis. wristy sheet —— rishi sunak has introduced the ban on fracking. liz truss faced a backlash over concerns of earth tremors linked to the practice. these concerns were put to the prime minister in par

well, our business correspondent marc ashdown is here. the companies that extract and sell the gas and oil on our seeing profits driven by the spike in oiland our seeing profits driven by the spike in oil and gas prices because of the war in ukraine. in the last quarter shell made £8.i of the war in ukraine. in the last quarter shell made £8.1 billion, the second highest profit quarterly in the history of the company. the highest was the last quarter, up untiljune it was £9.5 billion, well over $10 billion. shell so far this year has made it £26 billion, over $30 billion, well over double what it made last year. analysts say we do need to take a long—term view of this stop during the pandemic these big oil companies were losing money hand overfist and big oil companies were losing money hand over fist and the dividend they are paying to shareholders now is still below what they paid in 2018. the wholesale oil prices have dropped and gone from 120 dollars per barreljune to around $95 per panel. analysts say they need a balanced rational po