remind us of the office for budget responsibility when it was set up and why. 2010 is when it was setre those days was what happened was that the economic forecasts, which underpin what the chancellor can expect their tax policies to generate, and a forecast for what those tax revenues and what the government spending would look like, were all done in—house by the treasury. there was a sort of element in that of a concern that it looks a bit like marking your own homework and so one of the things that the chancellor at the time, george osborne, did was to set up the office for budgetary responsibility with a view to providing an independent assessment of what the outlook was, in particular what the outlook, how the outlook would be changed by particular tax and spending policies. just to give the proposals in his budget that much more credibility so that it didn't look like he was, as it were, massaging the figures to make it look a little bit more favourable. what we're going to talk about now is the impact mortgages, because another thing we have been seeing is that a lot of mortgag

first of all, explain to people why these assessments, these forecasts from the office for budget responsibilitybudget or spring statement or other fiscal event, is, it lays out the forecast for the economy, it asks the government what policies it is going to implement and then it produces an estimate of how much that is going to cost, so, the government will know how much it is going to be borrowing, what is going to happen to debt and whether it is meeting its fiscal rules on how much it can spend. now, it is important that this comes from the office for budget responsibility because the treasury used to produce its own forecasts, or the chancellor, before 2010, but these were always far too optimistic about the impact of the chancellor�*s policies on the growth of the uk, and growth ended up underperforming, we ended up borrowing more than expected, and that is why the obr was introduced, to have an independent, objective assessment of the economy and where public finances are going to go, and the absence of that is what really spooked the markets when the mini budget happened a few weeks ago

lets look at that initial forecast from the - at that initial forecast from the office for budget responsibilityg about with the chair of the treasury select committee, we know the obr is an independent forecaster, for our audience, what is the purpose of this initial report and what impact will something like this have on people's every day lives?- will something like this have on people's every day lives? well, the --urose is people's every day lives? well, the purpose is to _ people's every day lives? well, the purpose is to have _ people's every day lives? well, the purpose is to have credible - purpose is to have credible estimates of what effect any change in government economic policy or other physical events is going to have on the economy, on inflation and on the public finances. —— fiscal events. we report this every time we report a budget, and it was missing this time. and that is one of the big things which really knocked markets off balance and meant that people sold uk government bonds, and that is what hasrates. so, if there can be a credible forecast, that should help but of cou

but all of these factors together and this is the office for budget responsibility�*s conclusion.5 years, and when faced with questions about the economy, ministers have pointed to international issues. these are global pressures, the inflationary pressures, energy price pressures are affecting economies, developed and developing economies, right across the globe. no doubt the economic impact of covid and the war in ukraine are considerable. the uk's economy has longer—term issues as well. since the 1970s, growth has gradually slowed and since the global crash of 2008, productivity has stagnated. it's a complicated picture, but the 0br and many economists argue brexit is part of it. for his part, lord frost says patience is required. i think the whole british political system is going through a bit of a convulsion after brexit. and it's not surprising when you get this sort of huge change, and i think it has some way to play out yet. as it plays out with a new prime minister in charge, rishi sunak has the chance to deliver the economic opportunities of brexit that he has long prom

we have to have the proper independent oversight of the office for budget responsibility.overnment. but are you not in danger of asking for _ government. but are you not in danger of asking for something | government. but are you not in - danger of asking for something that is not deliverable? which is that effectively you are saying, make these changes and do them now, but we know that the process which you're asking for, which involves reference to the office for budget responsibility, something the conservative set up, an independent body to look at this and then go back and say, "your numbers add up, your numbers don't add up, we need to change or not change things", that takes days and weeks. you are putting pressure on them which they can't deliver and that will therefore damage market credibility further, is that really a responsible thing for the government's main opposition party to be doing? you don't want to inherit a mess if you form the next government, do you? but inherit a mess if you form the next government, do you?— government, do you? but this is a crisi

and where is the office for budget responsibility forecast better as this government were nothing? servative government. the chancellor has scaled back energy help for pensioners... why would you bring in a proper windfall tax for energy to help foot the bill to consumers? when will the current chancellor publish infilled the government because my estimate of windfall profits of the energy giants over the next two years? that might government's estimate. nobody was talking about spending cuts until the tories crashed the economy with their mini budget so i asked the chancellor, why should the british people pay the economic price for the tory mistakes and what cuts does the government plan to make? we believe the government must honour commitments to operate benefits and pensions in line with inflation. when the chancellor make it clear today that is what he intends to do? and what a contrast that cuts to benefits are still on the table but the one thing the chancellor couldn't bring himself to reverse today was lifting the cap on bankers' bonuses. why is this the last policy standi

after that the office for budget responsibility told the treasury it could complete its deliberationsds, it doesn't need to wait until the end of november, it can bring forward its deliberations more quickly. the office for budget responsibility will cost all the policies announced by the chancellor and provide new numbers for borrowing. the budget watchdog known as the opr will also castjudgment on the governments claimed that its raft of reform policies will boost growth in the economy which you will remember is the justification for all the financial plans the government has announced in the last ten days or so. the numbers will set the parameters for some very critical decisions, not least of which the extent of spending cuts that will be required to meet the chancellors fiscal targets for that because there are £15 billion worth of cuts which are unaccounted for, tax cuts unaccounted for. suggesting this is the latest sign that number 11 downing st is willing to do what it takes to regain confidence that has been lost since that many budget ten days ago, following the acknowledge

and finally, the obr, office for budget responsibility, we will also get theirfull office for budget us all understand how this all adds up. thank you for now, marc ashdown. as we've been hearing, rishi sunak reshuffled his cabinet yesterday. let's have a closer look at who is in it. of the three main offices of state, two remain the same, jeremy hunt is chancellor, and james cleverly stays at the foreign office. suella braverman is back as home secretary, seen by many as a controversial move. she resigned only last week after breaching ministerial rules. currently the house of commons are debating her appointment. elsewhere in the cabinet, dominic raab has been reappointed justice secretary and deputy prime minister, and ben wallace keeps hisjob as defence secretary. michael gove returns to front line politics to the job he held under borisjohnson, levelling up secretary. steve barclay also returns to an old job, that of health secretary. gillian keegan is the fifth education secretary since july. and penny mordaunt, two—time leadership candidate, remains leader of the house of comm

above all, don't try to fill the market by saying for instance that the office for budget responsibility are going to say we don't believe you, and that is what happened. justin, thank you, lovely to talk to you. justin urquha rt—stewa rt talk to you. justin urquhart—stewart from regionally. let's get some of the day's other news. exxonmobil has announced its left russia after claiming the kremlin had seized its largest oilfield in the country. the american oil firm says moscow has taken control of its large oilfield in eastern russia and given it to a localfirm instead. exxon is expected to launch a legal fight. german chancellor olaf scholz has ordered the country's three remaining nuclear power stations to keep operating until mid—april, as the energy crisis sparked by russia's invasion of ukraine hurts the economy. originally germany planned to phase out all three by the end of this year. nuclear power provides 6% of germany's electricity. here in the uk, rail workers in the rmt union are voting on whether to continue strike action for a further six months. the ballot closes on the 1

if you look at our website, we have lots of simple explainers around and what is the office for budget responsibilitye, and the business presenter, we have on news round very recently talking about the markets and would have been going on in the markets because we want that audience to understand. dominic, thank you so much. it was announced back in april that dateline london, the weekly current affairs discussion programme on the news channel that launched in 1996, viewers then begged the bbc to reverse the decision. but there has been no reprieve and as sean said at the end of last week in�*s programme, this weekend's will be the final edition. thank you all very much. thank you for being in dateline over many years. you would not be with us at the next week but we hope you will be with us for the final edition after 25 years, we will have at least one guest right at the start who will bejoining me next week. bring them together uk journalists and foreign correspondence in this country to hear their perspectives on current news stories. it had a loyal audience that includes vanessa who has this vid

officer budget responsibility full cost? have his government learn? nothing. does the chosen really affect the country to take everything from him at face value? last week, the business secretary was busy undermining the office for budget responsibility. today we have received another massive fiscal statement with no forecast. what has this government got to hi? yeah, they should publish the numbers so that we know the true state of the public finances of the 40 days of this prime minister. and after 12 years of conservative government, yet now to day the children had scaled back help with energy bills for families and pensioners. it banks the question yet again, why, why they bring in a proper winful tax on energy i belt for consumers? i'm when will the current chancellor publish info the government's estimates of winful profits of the energy giants over the next 2 years. now? no one was talking about spending cuts until the tories crushed the economy with their money budget. so i asked the chancellor, why should the british people pay the economic price for the tories mistake of the government plan tonight? we believe that the government must honor is commitments to upright benefits and pensions in line with i

including our independent bank of england and office for budget responsibility. we will have a strong fiscal anchor with debt falling as a proportion of gdp over the medium-term. that is the conservative way. [applause] but today we face new challenges. in addressing those challenges we will act in a fiscally sustainable and responsible way. that is why shortly, we will publish our medium-term fiscal plan, setting out our approach more fully. it will set out how we plan to get debt falling as a percentage of gdp over the medium-term, and i have asked for a fiscal forecast alongside the medium-term fiscal plan. there is no path to higher sustainable growth without fiscal responsibility. conservatives have always known this, and we know it still. it's because we are conservatives that we remain absolutely committed to being serious custodians of the public purse. this is what defines us and separates us from the labour party. a conference to grow the economy. we really do need to do things differently. we know that it is our time to prescribe much of our economic g

the markets... of course it was no 0ffice fact that the markets... of course it was no office for budget responsibilitycredible plan to fund this thing that wouldn't have mattered quite as catastrophically as it has done the reason is the markets of the way they do, they think the reports and an assessment will be made that that would also be very negative. john. would also be very negative. john, lookin: at would also be very negative. john, looking at the _ would also be very negative. john, looking at the macro _ would also be very negative. john, looking at the macro two. -- - would also be very negative. john, looking at the macro two. -- i. - would also be very negative. john, looking at the macro two. —— i. same story, backbenchers confront liz truss at angry meeting, they say. at the bottom of one of the points liz truss and kwasi kwarteng set to meet tax—cut rebels in a to restore authority. tax-cut rebels in a to restore authority-— tax-cut rebels in a to restore authori . , ,, , authority. yes, liz truss is saying she's been _ authority. yes, liz truss is saying she's been going _ authority.

hole alert — focuses on the £72 billion black hole alert from the office for budget— hole alert from the office for budget responsibilitye mantle — sunak saying he will take on the mantle if — sunak saying he will take on the mantle if liz truss does fall, which is looking — mantle if liz truss does fall, which is looking increasingly likely. it is looking increasingly likely. it is very— is looking increasingly likely. it is very difficult at this point to see how— is very difficult at this point to see how she could navigate a way out of the _ see how she could navigate a way out of the current quagmire. things really— of the current quagmire. things really have gone from bad to worse for the _ really have gone from bad to worse for the prime minister and the sharks— for the prime minister and the sharks are _ for the prime minister and the sharks are circling. looking at those — sharks are circling. looking at those front pages, and must be... she must— those front pages, and must be... she must find yourself in it desperate situation. it is notjust that, _ desperate situation. it is notjust that, but— desperate situ

office for - once again? that depends on what comes out of the office for budgetj comes out of the office for budget responsibilityependent arm of the government. if that backs up at the chancellor has put forward then there is hope for the government. if not, then they are on shaky ground and this could be a slippery slope into more economic turmoil in the future. just to take us back and remind our viewers, what was the thinking behind his much criticised plans? i think the economic rationale was to boost the money into the economy, it's what's called an economic injection, so by releasing money that would have been taken out in tax, it would've been spent. this is a classic of trickle—down economics. however, my personal view is that what is needed here is for people on low and fixed incomes to have those tax breaks because they would spend more of that money not less of it as the higher income earners would do because they've got all the luxuries that they need. it was some misguided thinking here in my view, but it was based on this notion of trickle—down economics. but it was based on this notion of trickle-

statement, a bit like a budget in which we set out the, the tax and spending plans for several years ahead. and that's going to be independent, verified by the office for budget responsibility. we been honest that it was a mistake not to do that in the many budget before. i'm not taking anything off the table. i want to keep as many of those tax cuts as i possibly can because our long term health depends on being a low tax economy and as cost right away to london. andrew simmons is standing by there and andrew is jeremy. don't go any way to ease the pressure on the p. m. do the when it could go either way, the neck because it in the one sense he's, he's been brought in to try and sort out a mess. but he's been brought in by the person who's really made that mess. so it wasn't any thing at all to, to, to get rid of a quasi quoting, it didn't affect the markets. the issue was decisions made by the prime minister in the 1st place. and what we're seeing now is the chancellor about reverse things instead of actually cutting taxes or he's going to be raising some and in terms in terms of but making big spends, he's got to do the opposite. he's asking, all government departments a

a bit like a budget in which we get out the, the tax and spending plans for several years ahead. and that's going to be independent, verified by the office for budget responsibility. we've been honest that it was a mistake not to do that in the many budget before. but that fiscal statement will many budget is 2 weeks away. and that's a long time in politics at all time for the markets to because they want to see stability. the u. k. current offer that right now when you have a prime minister who's trying to hold on to a job and then her party trying to get her out of it. it says there is a dilemma here in terms of who might replacer am. what mechanisms will be used to actually achieve that? effectively? you have a new chancellor who's desperately trying to save the economy and a prime minister who's desperately trying to hold onto a job. ah, aaron's president, abram raised. he is accused, as you as count, watch out biting of inciting chaos, tara and destruction in iran, and that the ongoing protest that on saturday biden praised people have protested over the past 4 weeks since the death of massa, armenian police custody, sang you as surprised by that courage, th

she ignored the bank of england and the watchdog that's called the office for budget responsibility and her against. that is liz truss, but as temptig as we look at a narrative that it is all her own doing, how much do we need to look beyond her and to her party? we have to look much further back. why have we had so many prime ministers in such a short period? david cameron forced by brexit supporters to have a referendum he didn't want to have. forced to resign when he lost it. theresa may forced to resign because she didn't deliver a brexit deal people liked. boris johnson forced to resign largely because of his own behaviour. if you don't understand that each of those resignations forced from office creates anger and people who resent what has happened before, and arguments about who is right and wrong, you don't understand the poison running through the modern conservative party. let's go back to borisjohnsons's election victory in 2019. i think you're right when we look back people remember margaret thatcher there are others who are new to the party who came in because of borisjohn

of phil, waiting on crucial information, including the assessment already done by the office for budget responsibility. the government independent economic for costa, and there's another group of people who might want their say on all of this over in westminster. it was only when the prime minister realized she was facing a mutiny from conservative members of parliament over the top tax rate that she ordered the u turn. crosses position has always been that growth drives things so successfully that you don't need to explain how you fund your tax cuts, because a ha, a lower rate will give a higher yield with more grace. people aren't broadly speaking, accepting that at the moment. and they're looking for an understanding on the government balance sheet as to where cuts are going to be made, of course, and he comes to public spending could prove hugely controversial. the government's refusal to commit to raising welfare payments in line with inflation has prompted open descent from some cabinet members. one think tanks as the many budget is regressive. as most of the gaines go to richer households and w

so office for budget responsibility, which verifies what the government's promising. basically, a do things at up. can the government afford to do what it says it wants to do? now, once that's done, the hope is they'll be stability, whether they'll be a new prime minister by then remains to be seen. or i entered thanks left, andrew sent his life for us in london. ahead on al jazeera a. how small policies in iraq are pushing for new ideas to change the political landscape. oh, i'm calling for change. demonstrate is back on the street to the museum, demanding the president and his government stepped down and we come back. ah, there is more rain on the wave, her flood hit areas of se, australia high for one. but 1st here's where the disturbance is. it's going to spin up in the bite now, you know, last time with that deluge we saw south africa duct in dodged it, but not this time to what weather there on monday. and as we go up for a water view, we'll see that what, whether move further east at toward tuesday, back toward w, a few clouds around perth with a high of 21 deg

the office for budget responsibility arriving at downing street on friday to deliver their verdict on the plan. something governments normally do ahead of a fiscal announcement. the chancellor of the exchequer, quasi quoting on the other hand, refused in a dash for growth and a rush to sample. his trust is leadership in history. a leadership that's faltering . the 1st hurdle.

the economic plans that were announced with an independent forecast from the office for budget responsibility. both those things have been addressed. your state now we're the all the headlines. i'll be back with more news hair on al jazeera. that's after people empower up next. a british political labor party is a criminal conspiracy against its members. newly obtained documents revealed members silenced, suspended. and for mike on this is unbelievable speech was shot down unexcused investigation. the labor filed part 3 on al jazeera, the when bitcoin and other crypto currency 1st period. well, over a decade ago, few people could have mentioned how widespread they become. now these various forms of digital money are in common use, if not yet universally understood, but where exactly do they come from? who uses them? and what for better or worse might be the long term consequences. we sent reporter rory challenge in search of answers. i the in any will to create a currencies. money's got strange. the 13 years and big coins creation of being a roller coaster ride, born from the financial crashe

the economic plans that were announced with an independent forecast from the office for budget responsibility. while hunt says he supports growing the economy. he's talking of increasing some taxes. the only cuts will be on some of the spending. ministers and party grandees would normally look to number 10 for solutions and tactics. not now. it's number 11, jeremy hunt, the 4th chancellor. in a matter of a 100 days, he's got a strong background and it would appear. he has a mandate to rewrite large parts of important government policy, summoned the conservative party, say, trust has become a lame duck prime minister because she's appointed hunt. he is the dominant figure in the government. i mean, you could imagine, can you, if you asked to take on that role, the concessions that you would demand in order to do that. and it would have to be, you know, your control over economic policy, over personnel, over key committees, whatever the conservative party does, it can't afford to trigger an election. one new polls suggests it has less than 20 percent support. the opposition labor party is rally

back up the economic plans that were announced with an independent full cost from the office for budget responsibility. both those things are being addressed. russian news agencies are reporting that at least 11 people have been killed at 50, mal wounded and what they're calling a terrorist act at a military training ground and the southern russian regional belgrade. meanwhile, russian forces have bombed several towns that ukrainian forces seized in the southern house on region. ukrainian, military told al jazeera expects the russian attacks to secure at defense points and ammunition depos, but not to advance. meanwhile, ukraine is shot down and iranian made drone on the southern front. iranian officials continue to deny they are supplying drones to russia. will a fire has broken out at iran, the infamous athene prison in the capital tat ron? there are also boards of gunshots. video's been released on line showing smoke rising from the prison, where many political dis haney's are held. the listening post with richard gus but is coming up next. ah, china's she jin, paying has already been in power for

meanwhile, is back pedaling. officials from britain's independent fiscal watchdog, the office for budget responsibility arriving at downing street on friday to deliver their verdict on the plan. something governments normally do ahead of a fiscal announcement. the chancellor of the exchequer quasi crossing on the other hand, refuse in a dash for growth, and a rush to st. louis. trust is leadership in history. a leadership that's faltering . the 1st hurdle. the falcon al jazeera london rents in parts of turkey, arising as rations, moving to avoid being called up to 5 in ukraine. and the russians granted residency in turkey, has increased by 54 percent since february. seen him because he reports from antalya 19 year old waterborne arrived on tanya to southern coastal city. a few days ago, he was concerned that pushes partial mobilization would cause the borders to clue. he made the decision to leave his hometown or staff report in just a few hours or the browser. yes. and it took 23 hours to drive from tbilisi to here with my friends from stuff up all to georgia. it took 27 hours. sometimes i had charge,

organisations like the bank of england, like the office for budget responsibility, like the imf.he criticism stretches way beyond westminster. 0n the other side of the pond, confidence in the uk seems to be melting away. | the idea of cutting taxes on the i super wealthy at a time when... anyway, ijust think... i disagree with the policy, - but it's up to great britain to make that judgment, not me. it is highly unusual for the leader of the free world to speak out like this. jeremy hunt is preparing a menu that has very little sweet on it. instead, he can ask for us to swallow tax rises and public spending cuts. i'm going to be asking every government department to find further efficiency savings. can you today rule out dumping the other tax cuts that liz truss has promised people? i'm not taking anything off the table, i want to keep as many of those tax cuts as i possibly can. work now gets away in earnest on the economic statement due a fortnight tomorrow. but at just five weeks in, many conservatives think the liz truss administration is already beyond repair. peter saull, b

the office for budget responsibility arriving at downing street on friday to deliver the verdict on the plan. something governments normally do ahead of a fiscal announcement. the chancellor of the exchequer quasi crossing on the other hand, refused in a dash for growth, and a rush to st. louis, trust his leadership in history, a leadership that's faltering. the 1st hurdle, me palka, al jazeera london. ah, are we on the top stories on al jazeera ukraine says its forces of entered the ma, so controlled supply hub of lee men in the daniel region. russia says it has now withdrawn from the area. this comes a day after president vladimir putin declared for regions including daniel, part of the russia federation. the cities important for moscow, as it serves as the logistics in transport hub, connecting ukraine's east to the north, or a challenge has more from the capital cave. what we hear from the current military is that they are, they are inside the town fights are ongoing, but ukrainian forces are inside the town of lee. man. essentially though, it seems that that has fall in that town o

meanwhile, is back pedaling. officials from britain's independent fiscal watchdog, the office for budget responsibility arriving at downing street on friday to deliver their verdict on the plan. something governments normally do ahead of a fiscal announcement. chance with the exchequer quasi crossing on the other hand, refuse in a dash for growth, and a rush to sample. this trust is leadership in history. a leadership that's faltering the 1st hurdle. the falcon al jazeera london, thousands of people have gathered in baghdad to mark the anniversary of the finding of what's known as the to shrink movement in iraq. the protest began on october 2019 calling for an end to rampant corruption high unemployment rates and a better standard of living. ali hoshal has more from baghdad. ah, it's a dish. every moment for all the people want to toppled the regime. the same slogan, people chanted 3 years ago, here and to feel square. the 2019 protests spread across the country. demonstrators called for political reform and an end to the corruption that many believe kept them integrity. it became known as the tree and

the office for budget responsibility arriving at downing street on friday to deliver their verdict on the plan. something government normally do ahead of a fiscal announcement. the chancellor of the exchequer quasi crossing on the other hand, refused in a dash for growth and a rush to sample his trust, his leadership in history, a leadership that faltering the 1st hurdle the falcon, al jazeera london, a protest had been held in bagdad to mark the anniversary of the founding of the ta, shreed and movement in iraq. the demonstrations began in october 2019 calling for an end to ramp and corruption, high unemployment rates and a better standard of living. highly hashem has more from baghdad. it's a digital moment. the people want to talk to the regime, the scene slow and people trumpet fee as we go into the square that 2019 protests spread across the country, demonstrate the cold for political reform and then did a good option that many believe kept. then it became known as the sri and movement . over the past month, youth movements have been calling on people to mark the uprising stood a

but earlier this year, the independent office for budget responsibility predicted the total bailout packagebillion. this deal could save taxpayers millions. i think it'd be good, you know, for octopus to take over bulb and relieve the taxpayer of the burden of running it, for the moment. also, it will make the bulb customers, obviously, give them more comfort that someone is actually running their business and looking after them in the best way possible. the government expect the deal to be finalised by the end of next month and will make octopus one of the country's largest energy providers. no—one�*s going to see prices going up as a result of this agreement. people should just sit tight. for now, the service will carry on exactly as it does — provided by the same people. energy bills have been in sharp focus for millions of households, and though this is welcome news for the energy, high energy prices continue to hit consumers hard. ramzan karmali, bbc news. joining me now is stuart lloyd—evans, he's an energy market consultant at the utility market experts. bulb collapsed in november la

statement, a bit like a budget in which we set out the, the tax and spending plans for several years ahead. and that's going to be independent, verified by the office for budget responsibility. we've been honest that it was a mistake not to do that in the mini budget before. i'm not taking anything off the table. i want to keep as many of those tax cuts as i possibly can. because our long term health depends on being a low tax economy. i under simmons has more now from london. he's been brought in to try and sought out a mess. but he's been brought in by the person who's really made that mess. it wasn't any thing at all to, to, to get rid of a quasi quoting, it didn't affect the markets. the issue was decisions made by the prime minister in the 1st place. and what we're seeing now is the chancellor about reverse things. instead of actually cutting taxes or he's going to be raising some and in terms in terms of but making big spends, he's going to do the opposite. he's asking all government departments are to look at efficiency savings. and now jeremy hunt is at checkers the country retreat for british prime ministers. not much of a retreat for less trust right now. she apar

statement, a bit like a budget in which we set out the, the tax and spending plans for several years ahead. and that's going to be independent, verified by the office for budget responsibility. we've been honest that it was a mistake not to do that in the many budget before. but that fiscal statement or many budget is 2 weeks away. and that's a long time in politics. and a long time for the markets to because they want to see stability, the u. k. current offer that right now, when you have a prime minister who's trying to hold on to a job and then her party trying to get her out of it. it would say there is a dilemma here in terms of who might replace her am what mechanisms would be used to actually achieve that? effectively? you have a new chancellor who's desperately trying to save the economy and a prime minister who's desperately trying to hold on to her job garza residents who lost their homes in the 2014 garza war have been protesting in front of the un relief agencies office. now they're demanding compensation and for homes to be rebuild a process which is overseen by the u. an agency. 17000 homes were destroyed in that war and 2200 palestinians were killed. rocks, t

statement, a bit like a budget in which we set out the, the tax and spending plans for several years ahead. and that's going to be independent, verified by the office for budget responsibility. we been honest that it was a mistake not to do that in the many budget before. but that fiscal statement or mini budget is 2 weeks away. and that's a long time in politics and all time for the markets to because they want to see stability. the u. k. current offer that right now when you have a prime minister who's trying to hold on to a job and then her party trying to get her out of it. it would say there is a dilemma here in terms of who might replacer am. what mechanisms will be used to actually achieve that effectively? you have a new chancellor who's desperately trying to save the economy and a prime minister who's desperately trying to hold on to her job. well, to run our world is for people being killed after a fire broke out at the ever prison into rug that happened on saturday night officials that was caused by fighting between inmates. smoke. with the rising from the facility and gunshots were also heard the detention center holes, many of their own political prisoners. rus

statement, a bit like a budget in which we set out the, the tax and spending plans for several years ahead. and that's going to be independent, verified by the office for budget responsibility. we've been honest that it was a mistake not to do that in the many budget before. but that fiscal statement or many budget is 2 weeks away. and that's a long time in politics. and all the time for the markets to because they want to see stability, the u. k. current offer that right now when you have a prime minister who's trying to hold on to a job and then her party trying to get her out of it. it would say there is a dilemma here in terms of who might replacer am, what mechanisms will be used to actually achieve that effectively. you have a new chancellor who's desperately trying to save the economy and a prime minister who's desperately trying to hold on to her job. the british pound has moved higher in early trading in asia. it speaks jessica washington, she's in hong kong and just gets as what the markets are doing there. well, marcus, indeed observing the situation and you take politics very closely in the early hours of trade in the asian market. we did see a rally of the poun

his way to parliament for his so—called mini budget, going it alone, having rejected independent analysis of his plan. today, those analysts, the office for budget responsibilityrime minister herself, their verdicts now promised late november. though the chancellor gets a draft before. we are committed to the avr forecast, there will be an event on the 23rd of november where the policies are fully analysed by the avr but it was analysed by the avr but it was a real priority to me to make sure we are working to help struggling families. we are also dealing with the economic slowdown which is being felt globally. slowdown which is being felt aloball . ~ , , globally. the prime minister is under reat— globally. the prime minister is under real pressure _ globally. the prime minister is under real pressure to - globally. the prime minister is under real pressure to prove i under real pressure to prove her plan will work with more details on attempts to get the economy moving do in coming weeks. not everyone's this relaxed, labor's far from convinced.— convinced. what i cannot for: ive convinced. what i cannot forgive is _ convinced. what i cannot forgive is that _

sort of spending cuts as well to make sure the numbers add up and pass muster when the office for budget responsibilityd show their plans for growth look plausible. this is a very big task liz truss has set herself, and clearly, the first few days since this plan was put forward have been incredibly difficult, and there is a lot of calming down of tory party nerves she will have to do here over the next few days. yes, calming down of nerves. i know you are up on a roof they are talking to us. i don't know if you have had a chance to talk to many of the tory mps arriving there today, but there are quite a few big names not attending this conference. rishi sunak and boris johnson are amongst them. what is the mood like, that you know of, at the moment? well, at the moment, there is no mood, because apart from the prime minister, i'm not sure any conservative party members are here yet. this doesn't get going until 4pm tomorrow afternoon. privately, i have talked to mps who are in despair, who can't quite see how liz truss gets herself out of this political corner she has driven herself into without losin

statement, a bit like a budget in which we set out the, the tax and spending plans for several years ahead. and that's going to be independent, verified by the office for budget responsibility. we been honest that it was a mistake not to do that in the many budget before i'm not taking anything off the table. i want to keep as many of those tax cuts as i possibly can because our long term health depends on being a low tax economy. andrew simmons is in london and says that the financial situation is and good lives. trust is rivals and that life jeremy hunt is, is saying that he is gonna have to raise taxes or at least deferred taxes rather than cut them. i mean that's the polar opposite to which are all policy lines were coming from. the prime minister list truss is fighting for her job. she hasn't only really angered many conservative m p 's who never supported her. she's also angered those who did supporter because she's run like a bull as a gates, as has been described, a wizard. these are new plans of radical plans. frightened, the city frightened, the british people crushed the economy and ready got the country into an embarrassing mess. so ready. one might think the da

he has been chancellor for, he has two weeks to draft a plan, which the office for budget responsibilitysay, yes, we think this will good and locate the market, but this is a hugejob. so what are your concerns are just this week? in under two hours, do you think we will see a spike in borrowing costs? it is difficult to say, on the one hand bank of england is no longer in the market, buying, which could raise the risk of it happening, but on the other hand there is a plan in place or they will be a plan in place in the next two weeks. and if the markets by that then of course they will start to see potentially borrowing costs fall. but it is very uncertain at the moment as to how they will interpret that. find at the moment as to how they will interpret that.— will interpret that. and your take on the _ will interpret that. and your take on the outlook- will interpret that. and your take on the outlook for- will interpret that. and your take on the outlook for the | will interpret that. and your i take on the outlook for the uk canal, a reporter before you, aligning that level of debt, wh

back up the economic plans that were announced with an independent forecast from the office for budget responsibilityose things have been addressed. we need growth with stability, create the stability that will allow long—term growth to happen. we will have to make difficult decisions on spending. it won't rise by as much as we would have liked and we will have to ask all government departments for even more efficiencies and we won't be able to cut taxes as quickly as we wanted to and some taxes will have to go up. that is a very difficult message but if we want to keep the rises in interest rates as low as possible, we have to give certainty to the markets that we really can fund every penny of our plans. the labour leader, sir keir starmer, has been speaking at a party conference in yorkshire, where he said the conservatives no longer have a mandate from the british people to govern the country. but this lot, they didn'tjust tank the british economy. they also clung on. clung on as they make the pound sunk. clung on as they took our pensions to the brink of collapse. clung on as they pushed the mor

the office for budget responsibility is since calculated there is still a gap of some 28000 that needs to be filled. 1000000000 rather that needs to be filled. and jeremy hunt said that they would be public sector cuts to come to try and do that. and there was another crucial element to his announcement. good news for the markets, very bad news for his trust because he also took into the energy price kept, which was the other half of that original many budget with 60000000000 pounds. the government's attempt to shield households from soaring energy costs capping costs put unit costs for 2 years. he will not only guarantee that for 6 months with a review to come next april. that really, that was the only thing left standing to which this trust could put her name to and indeed has done repeatedly over the last week or so in defense of her position that now taken away as well, leaving her credit. but credibility, really in tatters, are joining folks about general, the bank of england in london. at least 4 people have been killed in 16 injured in drain strikes and ukraine's capital officia