rachel reeves has been absolutely clear _ beginning.has been absolutely clear this is how we will| absolutely clear this is how we will do it, you have to build up to spend that much, take that private sector with the as you do it, but there is a promise here, one country in the world is going to become the leader in the transition to the green economy, our country for a century because of the industrial revolution achieved huge economic benefits. that prize is there again and today rishi sunak sought that window. do you want to impose costs of £10,000 on people? the reason labour wants to help transition the economy is because we can cut people's bills. the kind of investment in sustainable energy i was just talking about three gigabytes energy will give us not only a more secure supply of energy so we are no longer dependent on the volatile dictators like vladimir putin, we create our energy at home, more secure supplies but crucially... energy at home, more secure supplies but crucially- - -— but crucially... what is the answer to my

we know keir starmer and rachel reeves _ we know keir starmer and rachel reeves will be up for making skinner in the e e money better. look sarah skinner in the eye and — money better. look sarah skinner in the eye and tell _ money better. look sarah skinner in the eye and tell her, _ money better. look sarah skinner in the eye and tell her, do _ money better. look sarah skinner in the eye and tell her, do you - the eye and tell her, do you genuinely believe if labour win the next election they will borrow billions and billions to sort out the school estate was that we need to find a way to sorting out the school estate and have a plan for safe redeveloped of schools over time. ~ . . , safe redeveloped of schools over time. . ., ., , , safe redeveloped of schools over time. . . ., i, ., safe redeveloped of schools over time. . . ., i, ,.,.u, ., time. we have a very big backlog and it will be a big _ time. we have a very big backlog and it will be a big challenge _ time. we have a very big backlog and it will be a big challenge to _ time. we have a very big backlog and it will be a big

he goes with rachel reeves and david lammy, _ lycee.es with rachel reeves and david lammy, the _ lycee. he goes with rachel reeves and david lammy, the shadow- lycee. he goes with rachel reeves - and david lammy, the shadow foreign secretary, how do you think they will be treated and received? fantastically politely. what they expect me to say, this is france. they will be treated very politely, very respectfully and president macron it will be trying to figure out, said keir starmer was very much against brexit and campaign for remain before the referendum. but they will be wondering where does he envisage britain being. i should set out two parts of context, because we are about to broaden out the discussion. it is important to say keir starmer does what the next election in britain to be a bad brexit. the second thing, to point out the obvious, just over a year ago we had a prime minister in liz truss he wasn't sure whether france was a friend or foe.— was a friend or foe. things have clearly moved _ was a friend or foe. things have

rachel reeves cited repeated., energy bills and everyday food items as among the consequences of the former prime minister's short lived economic reform. but minister for food, farming and fisheries, mark spencer, says the truss mini—budget isn't to blame for soaring prices . blame for soaring prices. >> i think global population is continuing to increase on the back of that, we've got the challenges of climate change and then if you throw into the mix a global pandemic and a war in europe, that's what's really dnven europe, that's what's really driven the price of energy and of food through the roof . we of food through the roof. we need to invest in our farmers in our uk, food producers to make sure that they have the best technology, the best stock , the technology, the best stock, the best techniques, and of course , best techniques, and of course, taxpayer support to continue to produce this great food . produce this great food. >> the chancellor says very difficult decisions will make tax cuts virtually impo

whereas rachel reeves , the shadow rachel reeves, the shadow chancellor, saying that chancellor, is sayinged rate mortgages be rate mortgages will still be paying rate mortgages will still be paying an average of £220 more a month. what would you like to see or hear from the government right now to sort of help improve property market improve the property market if their is only coming their mortgage is only coming down couple £100? down a couple £100? >> say they've got very >> i would say they've got very small mortgages. realistically, >> i would say they've got very smaiweiortgages. realistically, >> i would say they've got very smaiwe alljages. realistically, >> i would say they've got very smaiwe all want. realistically, >> i would say they've got very smaiwe all want to ealistically, >> i would say they've got very smaiwe all want to see ;tically, >> i would say they've got very smaiwe all want to see interest yes. we all want to see interest rates coming down, but we've still got the problems with inflation are causing long inflation that are causing long term agree with term probl

but the shadow chancellor, rachel reeves , said today, rachel reeves, said today, despite the announcement >> i think there will be a sense of relief, particularly for those who are coming up to the end of their mortgage deals. but that let's look at where we are in the bigger picture because somebody coming up to remortgage their house today is looking at paying their house today is looking at paying £220 more a month than they would have done if they had

_ taxes and so far starmer and rachel reeves have been keen to show they won't _ reeves have beenut up reeves have been keen to show they won't just put up taxes, reeves have been keen to show they won'tjust put up taxes, but reeves have been keen to show they won't just put up taxes, but they are looking for reform and want to see changes to public services without — see changes to public services without taxing the public more. but there _ without taxing the public more. but there is— without taxing the public more. but there is a _ without taxing the public more. but there is a question to bed a asked that we _ there is a question to bed a asked that we do— there is a question to bed a asked that we do have problems such as an ageing _ that we do have problems such as an ageing population and nhs and other public— ageing population and nhs and other public services under pressure. will labour— public services under pressure. will labour be _ public services under pressure. will labour be able to generate enough money, _ labour be able to generate enough money, through investmen

but the shadow chancellor, rachel reeves , said today, rachel reeves, said today, despite the announcement i think there will be a sense of relief, particularly for those who are coming up to the end of their mortgage deals. but that let's look at where we are in the bigger picture because somebody coming up to remortgage their house today is looking at paying their house today is looking at paying £220 more a month than they would have done if they had a remortgaged a year ago. so this is still

but the shadow chancellor, rachel reeves , said today, rachel reeves, said today, despite the announcement i think there will be a sense of relief, particularly for those who are coming up to the end of their mortgage deals. but that let's look at where we are in the bigger picture because somebody coming up to remortgage their house today is looking at paying their house today is looking at paying £220 more a month than they would have done if they had a remortgaged a year ago. so

but the shadow chancellor, rachel reeves , said today, rachel reeves, said today, despite the announcement, britain has been left worse off under the tories. >> i think there will be a sense of relief, particularly for those who are coming up to the end of their mortgage deals. but that let's look at where we are in the bigger picture because somebody coming up to remortgage their house today is looking at paying their house today is looking at paying £220 more a month than they would have done if they had a remortgaged a year ago. so this is still a very challenging time for families and businesses with the cost of living crisis, which continues to bite. well borrowers may start to feel the benefits of the bank of england's announcement shortly after the announced nationwide said it would be cutting the majority of its fixed rate mortgages. >> the country's biggest building society will now offer five and ten year fixed rate mortgages of below 5% for first time buyers and homebuyers . as time buyers and homebuyers. as the prime minister says, hard pressed families shouldn't have to pay an

lammy and rachel reeves, the shadow chancellor. he arrived with a tweet. his tweet said , labour will improve our said, labour will improve our relationship with europe and make brexit work for britain. now, this morning, i've got to tell you, labour aides are downplay laying any idea that there might be any movement or any any news really. they would they would describe from the they would describe it from the meeting lunchtime with meeting at lunchtime with president they're saying president macron. they're saying it's meeting and it's an introductory meeting and of course, labour is still in opposition, but it's all about the optics is how it looks like they're trying to show that labour a party of government, labour is a party of government, that go i to i on the that he can go i to i on the world stage with major leaders. this is why it's a very, very significant meeting today for sir starmer. that sir keir starmer. before that he's breakfast vivendi, he's got breakfast at vivendi, a big ceos and big company with ceos and chai

the labour shadow chancellor rachel reeves has also refused to commit.government, business leaders and companies including manchester airports group, british land, virgin money and the northern powerhouse, have called for clarification and renewed commitment to hs2. the letter expresses deep concern over the constant uncertainty over the project, adding that repeated mixed signals were damaging the uk's reputation as a place to do business. i hope the prime minister takes the weekend to reflect on being a northern mp and what he should be putting first. the future of the country, or the short—term interests of the conservative party. because former tory leaders and britain's leading business people are all telling him he needs to think again before he makes what might be his worst decision as prime minister. today, the chair of the national infrastructure commission warned against truncating the line. the importance of this railway line is that it connects the three principal cities in britain, london, birmingham, manchester. it's a significant part of t

. >> rachel reeves . shadow >> rachel reeves.ir chancellor had to say that their green plan, which is green prosperity plan, which is 28 billion a year on green measures , would have to be measures, would have to be delayed because there wasn't enough money. and then people said, you really said, well, have you really costed mean, costed any of this? i mean, there's suggestion that the there's a suggestion that the climate change act was climate change act that was introduced ed miliband has introduced by ed miliband has cost it at a conservative estimate about £500 million. >> so let's let's let's break down all those those different elements. i think it's absolutely right that a shadow chancellor is being prudent with the economy's finances and the way that we haven't seen from this government. are all this government. and we are all suffering. mean, people suffering. i mean, people are now paying average a now paying on average £220 a year this year compared year more. this year compared to last year on their mortgage costs al

will keep his most senior colleagues in the same positions so it's expected the shadow chancellor rachel reevesonomic brief for the labour party will stay in post and similarly the shadow health secretary grace street in as well. there has been lots of questions raised about what role he may give his deputy leader angela rayner. she was appointed directly to be a deputy leader by party members so she will keep that position no matter what but there is some speculation from labour sources about whether she may be given a domestic policy brief, essentially being put in charge of a particular policy area rather than her current cabinet office role. there's been some others that have been in the mix, tipped for promotion including darrenjones who currently chairs the parliament business committee and has got a lot of kind of positive headlines in the past for some of his killing of big companies like piano ferries, royal mail, thames water, some have anticipated he could be given a role in the shadow cabinet. this comes after rishi sunak the prime minister appointed a new defence secretary and ener

it is expected the shadow chancellor rachel reeves around the economic brief labour will stay imposed west rating as well. there has been loads of questions raised about what role he may give his deputy leader, angela rayner. she was appointed to be deputy leader by members and so she will keep that position no matter what. you may be given a domestic policy brief, essentially be put in charge of a particular 0dyssey area rather than her current cabinet office role. there has been 0ffice role. there has been some others as well that have beenin some others as well that have been in the mix checked for promotion, including darren jones who currently chairs parliament's business committee pa rliament�*s business committee and parliament's business committee and has got a lot of positive headlines in the past for some of his grilling of big companies like the endo ferries, thames water, royal mile. some have certainly anticipated that he could be given a role in the shadow cabinet as well. this comes after rishi sunak, the prime minister, appointed a new defence secretary and energy secr

he is not expected to swap his most senior shadow ministers such as chancellor rachel reeves.can take climate action. at least 23 african heads of state and government willjoin thousands of delegates to discuss a problem that is affecting the whole continent. ethiopia, kenya and somalia recently endured its worst drought in decades, with five consecutive failed rainy seasons. one of the deadliest storms to hit africa in the last two decades, cyclone freddy ripped through malawi, mozambique andmadagascar in late february, killing over one thousand. west and central africa experienced one of the worst flooding disasters ever in 2022. more than 1,500 people were killed and 3.2 million displaced 0ur africa correspondent anne soy is following developments from nairobi — and i asked her to talk me through what the organisers of the summit hoped to achieve. at the end of this three—day summit, the kenyan president hopes that the delegates will have agreed on the solutions that they will be taking to the table during cop28, the un climate summit, upcoming, in november in dubai. and so

rachel reeves shadow >> rachel reeves the shadow chancellor, had to say that there green prosperity planon a year on green measures, would have to be delayed there wasn't delayed because there wasn't enough money. and then people said, have really said, well, have you really costed ? i mean, costed any of this? i mean, there's a suggestion that the climate change act that was introduced has introduced by ed miliband has cost us, at a conservative estimate , at about £500 million. estimate, at about £500 million. >> so let's let's let's break down all those different elements. i think it's absolutely right that a shadow chancellor is being prudent with the economy's finances and the way that we haven't seen from this government. and we are all suffering. i mean, people are now paying on average £220 a year to year more this year compared to last on their mortgage last year on their mortgage costs they're a home costs alone. if they're a home owner . and we have to owner. and actually, we have to look the nation's finances look at the nation's finances and doesn't exactly and labour doesn'

labour's shadow chancellor, rachel reeves, has also refused to commit.calling for clarification and renewed commitment. it expresses deep concern about constant uncertainty over hs2's delivery and says repeated mixed signals on hs2 and its related northern powerhouse rail scheme are damaging the uk's reputation as a place to do business. the business community in the north of england and the business community in london and across the wider country have been promised by the government on many, many occasions, including by the current prime minister when he was chancellor, that they would deliver this hs2 network for the whole country and northern powerhouse rail connected to it. if that's taken away, then we will see investment being deterred. we will see international investors put off coming to the uk. on thursday, the chancellor insisted no decisions had been made. but as the journey towards finishing the first part of hs2 continues, its final destination once again seems unclear. katy austin, bbc news. thousands of workers in america's car industry h

rachel reeves has also refused to commit. their names to a letter calling for clarification and renewed commitment. it expresses deep concern about constant uncertainty over the delivery of hs2 and says repeated mixed signals on hs2 and its related northern powerhouse rail scheme are damaging the reputation of the uk as a place to do business.— the uk as a place to do business. �* , , , _, , business. business community in north of england _ business. business community in north of england and _ business. business community in north of england and the - north of england and the business community in london and across the wider country have been promised by the government on many many occasions including by the current prime minister when he was chancellor that they would deliver this hs2 network for the whole country and powerhouse rail connected to it. if that is taken away then we will see investment in deterred, we will see international investors put off coming to the uk. fin international investors put off coming to the u

the shadow chancellor rachel reeves goes to the telegraph and says, no, no, we are not doing wealth taxesest in 60, maybe even 70 years, there have been 2a tax rises in the 13 years of the conservative government. i don�*t see a route to having more money for public services that is through taxing our way there. is she not telling us the truth? listen, i�*ve got a huge amount of respect for rachel. i hope that she is our next chancellor because i think that we need a fundamental change of approach in number number ten and at number 11. in part, i stress in part, do you see yourself as creating the political space? you can go a little bit further than the labour party can go. you can try and shift public opinion so that they can keep an eye on it and go, oh, thank you very much, we now can embrace a wealth tax. you see, first and foremost, i don�*t see things through the prism of the labour party. i think i�*ve got to represent the views of our 5.5 million members, make sure that the stuff that matters to them is on the agenda for all politicians. so, you were talking about your 5.5 millio

leader and desperate to show the public that business things they have changed and you have had rachel reevesemi—jokingly, the smoked salmon offensive where she is having breakfast almost every morning in the city of london with different businesses and trying to reassure them that they can invest in britain under a labour government, but as you say and as i expect the conservatives will argue, what labour are going to propose is a strengthening of workers' rights and a lot of businesses don't like that often because it will be interesting to see how businesses respond to angela rayner�*s agenda for changing workers' rights and whether that does affect some of the warmth and it is genuine warmth we have seen from some businesses towards keir starmer�*s labour party. i'm sure something the tuc would be keen to hear about is information on the strikes act which is a new piece of legislation requiring minimum hours during strike action and we have had a lot of strikes across sectors over the last 18 months or so and this is something that people at home, voters, are going to be opinionated about

labour's rachel reeves has been speaking — she says the policy change is bad for business.last 2a hours is that what they need for make an investment to create jobs here in britain is certainty and stability and the government has pulled the rug from under their feet. i want britain to be the best place in the world to invest, to start and grow a business but when the government flip—flops and changes its mind over time, it's very for businesses to make those commitments to look at the us and other countries in the world, the prospects there are better than her at home. i am more ambitious for britain, iwant at home. i am more ambitious for britain, i want those jobs and at home. i am more ambitious for britain, i want thosejobs and i want that investment here in britain. live now to navtej johal — who's been asking people what they think of the change. i'm in tamworth, a place which is currently very important politically because next month, there is a key by—election taking place here following the resignation of the mp chris pincher. last time round in the 2019 general e

meanwhile, the shadow chancellor, rachel reeves, so if i can just find that comment...es, saying that inflation still remains high and household coming off a fixed rate mortgages will still be worse off because of the conservatives disastrous, she says, mini budget. britain has been left worse off after 13 years of economic chaos and instability under the conservatives. talking about instability, susanna, how have the markets reacted to this? ~ , , ,, this? well, interestingly, the ftse 100, the index — this? well, interestingly, the ftse 100, the index of _ this? well, interestingly, the ftse 100, the index of the _ this? well, interestingly, the ftse 100, the index of the top - this? well, interestingly, the ftse 100, the index of the top 100 - 100, the index of the top 100 companies listed on the london stock exchange, initially were boosted but we have seen some of the game is full back and it is a similar picture for house—builders. initially we sought the likes of persimmon, taylor wimpey, berkeley homes, stock rising because interest rates have been kept on hold

well, from rachel reeves , let's well, from rachel reeves, let's name them.ouse rail, which i keep coming back to, is the critical thing. as far as i'm concerned. we want both. let me be really clear about this. why should we be forced to choose between having an east west line or a north south line ? london's never north south line? london's never been choose. gets been forced to choose. it gets the it gets hs2 the elizabeth line, it gets hs2 , but it's always here where people are forced choose. people are forced to choose. we think need both if we're to think we need both if we're to set the north of england up for the rest of this century. and the rest of this century. and the is there and we the commitment is there and we need to see it from the government. they're coming to manchester in days time. manchester in a few days time. what have they got to say to us? >> you know, they promise to level they stood for level us up when they stood for election here. >> are they really coming to north say, well, that was a pack of and finally on it of lies and jus

rachel reeves, the shadow chancellor called it a "dismal day for growth" and the british economy remains.5% contraction followed an estimated expansion of the same amount injune. moreover, now, perhaps more than ever is a time to be cautious about what we can say with any certainty about what is happening to the economy. it was only 12 days ago that the office for national statistics came out with some figures which pretty radically changed our view about how the uk had performed since the pandemic. let's use newsnight�*s global tracker to tell the story. previously, the 0ns had estimated that the uk economy was currently languishing 0.5% below its pre—pandemic peak — the worst performance in the g7. and this was a figure that was widely repeated — including here on newsnight — in the context of holding government ministers to account for their economic management. but in the wake of those revisions, the 0ns's latest estimates now suggest the uk economy is actually in the middel of the g7 pack in the post—pandemic recovery. but even this we should be cautious about, because most other g7

they're not helped by the fact that rachel reeves , the the fact that rachel reeves, the shadow chancelloro exceptionally miserable, she has something of the gordon brown about her, i'm sorry to say. so that doesn't help matters. and conversely , at least from jeremy conversely, at least from jeremy hunt , the chancellor, he is able hunt, the chancellor, he is able to smile. so that adds something to smile. so that adds something to it, i suppose. >> yeah . i mean, look, neil, >> yeah. i mean, look, neil, this information which has proved to not stack up, has been leveraged against this country and the usual suspects won't apologise , will they? and apologise, will they? and i doubt the guardian will be running this as front page news. >> oh, no, i don't think they will be. and i think know green shoots is what we need. and of course, if you actually think shoots is what we need. and of cou economy| actually think shoots is what we need. and of cou economy is ctually think shoots is what we need. and of cou economy is growing,iink shoots is what we need. and of cou economy is growing, you'

they're not helped by the fact that rachel reeves , the the fact that rachel reeves, the shadow chancellory smart, but also exceptionally miserable, she has something of the gordon brown about her, i'm sorry to say. so that doesn't help matters. and conversely , at least from jeremy conversely, at least from jeremy hunt , the chancellor, he is able hunt, the chancellor, he is able to smile. so that adds something to smile. so that adds something to it, i suppose. >> yeah . i mean, look, neil, >> yeah. i mean, look, neil, this information which has proved to not stack up, has been leveraged against this country and the usual suspects won't apologise , will they? and apologise, will they? and i doubt the guardian will be running this as front page news. >> oh, no, i don't think they will be. and i think know green shoots is what we need. and of course, if you actually think shoots is what we need. and of cou economy| actually think shoots is what we need. and of cou economy is ctually think shoots is what we need. and of cou economy is growing,iink shoots is what we need. and of cou economy

rachel reeves has stolen it. >> i think no, don't >> i look, i think no, i don't think rachel trussonomicsad is important and we haven't had enough h is important and we haven't had enough it over the last 13 years. >> just in a word, one word. who would the labour party wish they were taking on at the next election? johnson truss sunak? >> i think probably truss sunak and in that order. and johnson in that order. >> . so johnson is the one. >> right. so johnson is the one. they want to be taken they wouldn't want to be taken on. yes. >> despite despite everything that at the time, there that happened at the time, there was still residual fear. was still a residual fear. >> interesting, matthew was still a residual fear. >> littlewood,ng, matthew was still a residual fear. >> littlewood,ng,mayouw was still a residual fear. >> littlewood,ng, mayou very was still a residual fear. >> lwe'llood,ng, mayou very was still a residual fear. >> [we'll see ng, mayou very was still a residual fear. >> [we'll see you mayou very was still a residual fear. >> [we'll see you in you very was still a residu

shadow rachel reeves shadow chancellor rachel reeves said private schools are not charities and that joined now by peter edwards, who's the former editor of labourlist. peter, can keir starmer be trusted with anything? yeah, i think he can. if you look, this policy is popular just over 50% or more of the public support. it and also he's got a continual opinion poll lead. it doesn't mean they're the they're giving out the ministerial jobs, but it means that other prime that after all the other prime ministers had that ministers we've had that there's a trust for keir starmer. >> but similarly i think labour have adjusted their position and it daft for me to have adjusted their position and it nothing daft for me to have adjusted their position and it nothing has daft for me to have adjusted their position and it nothing has changed, me to have adjusted their position and it nothing has changed, butto have adjusted their position and it nothing has changed, but i say nothing has changed, but i think ended up in the think they've ended up in the right is a right place, which is a propor

money, then it is choices in a positive way rather than negative choices and endless messages from rachel reeves they didn't feel rishi sunak was illustrating his vision for the future. i rishi sunak was illustrating his vision for the future.— rishi sunak was illustrating his vision for the future. i think the roblem vision for the future. i think the problem he _ vision for the future. i think the problem he has _ vision for the future. i think the problem he has got _ vision for the future. i think the problem he has got a _ vision for the future. i think the problem he has got a problem | vision for the future. i think the l problem he has got a problem for vision for the future. i think the - problem he has got a problem for the conservatives — problem he has got a problem for the conservatives is— problem he has got a problem for the conservatives is that _ problem he has got a problem for the conservatives is that they've - problem he has got a problem for the conservatives is that they've been - conservatives is that they've been in government _ conservatives is that they've been in gove

. >> liam halligan outside the bank of england for australia will shadow chancellor rachel reeves says despite the bank's decision, britain's been left worse off under the conservative gives. >> i think there will be a sense of relief, particularly for those who are coming up to the end of their mortgage deals. but but let's look at where we are in the bigger picture because somebody's coming up to remortgage their house today is looking at paying £220 more a month than they would have done if they had a remortgaged a year ago. so this is still a very challenging time for families and businesses with the cost of living crisis, which continues to bite , the prime minister says to bite, the prime minister says hard pressed families shouldn't have to pay an unaffordable price to reach net zero. >> rishi is defending his decision to roll back some climate policies, saying he won't proceed with plans that would punish motorists and working people. we've been through the numbers and we're absolutely confident that we are on track to hit all our international and domestic targets, which by th

>> well, the shadow chancellor, rachel reeves, said despite the bank's decision , britain is bank's decision, britain is worse off under the conservatives . conservatives. >> i think there will be a sense of relief, particularly for those who are coming up to the end of their mortgage deals. but let's look at where we are in the bigger picture because somebody coming up to remove mortgage their house today is looking at paying £220 more a month than they would have done if they had a remortgaged a year ago. so this is still a very challenging time for families and businesses with the cost of living crisis, which continues to bite. well borrowers may start to feel the benefits of the bank of england's announcement shortly after it was made nationwide said it will be cutting the majority of its fixed rate mortgages . fixed rate mortgages. >> the country's biggest building society , saying they'll building society, saying they'll now offer five and ten year fixed rate mortgages of below 5% for first time buyers and home movers is away from the economy , the prime minister says hard pressed fami

. >> well, the shadow chancellor rachel reeves, says despite the bank's decision, britain's been left worse off under the tories i >>i -- >> i think there will be a sense of relief, particularly for those who are coming up to the end of their mortgage deals. but let's look at where we are in the bigger picture because somebody coming up to remortgage their house today is looking at paying their house today is looking at paying £220 more a month than they would have done if they had a remortgaged a year ago. so this is still a very challenging time for families and businesses with the cost of living crisis, which continues to bite . which continues to bite. >> well, homebuyers and borrowers may start to feel the benefits of the bank of england's announcement today. shortly after it was made nationwide, said it will be cutting the majority of its fixed rate mortgages . the fixed rate mortgages. the country's biggest building society will now offer five and ten year fixed rate mortgages of below 5% for first time buyers and home movers away from the economy. the prime minister says hard

>> well, the shadow chancellor, rachel reeves, said despite the bank's decision , britain is bank's decision, britain is worse off under the conservatives . conservatives. >> i think there will be a sense of relief, particularly for those who are coming up to the end of their mortgage deals. but let's look at where we are in the bigger picture because somebody coming up to remove mortgage their house today is looking at paying £220 more a month than they would have done if they had a remortgaged a year ago. so this is still a very challenging time for families and businesses with the cost of living crisis, which continues to bite. well borrowers may start to feel the benefits of the bank of england's announcement shortly after it was made nationwide said it will be cutting the majority of its fixed rate mortgages . fixed rate mortgages. >> the country's biggest building society , saying they'll building society, saying they'll now offer five and ten year fixed rate mortgages of below 5% for first time buyers and home movers is away from the economy , the prime minister says hard pressed fami

. >> well, that was liam halligan outside the bank of england and the shadow chancellor, rachel reeves despite the bank's decision, britain's been left worse off under the tories . worse off under the tories. >> i think there will be a sense of relief, particularly for those who are coming up to the end of their mortgage deals. but let's look at where we are in the bigger picture because somebody coming up to remortgage their house today is looking at paying their house today is looking at paying £220 more a month than they would have done if they had a remortgaged a year ago. so this is still a very challenging time family is and time for family is and businesses with the cost of living crisis which continues to bite . bite. >> well borrowers may start to feel the benefits of the bank of england's announcement shortly after it was made nationwide, said it will be cutting the majority of its fixed rate mortgages. the country's biggest building society will now offer five and ten year fixed rate mortgages of below 5% for the first time to all buyers and home movers . the prime first tim

he's also been giving money to rachel reeves.agine having so much money that five grand that you give five grand to a political party. you don't believe america . believe nothing in america. >> that's nothing. are >> that's nothing. people are giving 2040 that criminal. sam bankman or possibly bankman freed or possibly criminal, he gave $43 million to whatever democrat he says he's he's specifically says he's not a labour. this country needs to think big or really fight. a labour. this country needs to think big or really fight . we think big or really fight. we are an embarrassment . are an embarrassment. >> political graft . >> political graft. >> political graft. >> yeah. and i just want to do a shout out to the lord harris of peckham because he runs academy schools, including east peckham and another one, i think, forest hill harris, where my children went to school. so two of my children. so a shout out to east dulwich . interesting. harris dulwich. interesting. harris boys , fantastic. boys, fantastic. >> you did a great jo

you know, you hear every rachel reeves every every week rachel reeves is announcing some new constraintlion things that labour what labour not labour are what labour is not going to change the going to do to change the economic direction of the country. so we're unfortunately , you know, we're in a big hole here. >> we are in a bit of a big hole which who would you vote for? well, if you're just joining me, welcome this welcome on board. this is gb news on online and on digital news on tv online and on digital radio. up, could labour's radio. coming up, could labour's plans make to make private schools more elitist? now, the party add vat the party wants to add vat to the private could private school fees, which could push of children into push thousands of children into state schools. discuss state schools. we'll discuss that next. first, here's that next. but first, here's your latest news headlines with ray addison . ray addison. >> thanks , nana. good afternoon. >> thanks, nana. good afternoon. it's 3:33. our top stories, an urgent internal investigation into russell brand has been

now, look, former reeves former chancellor rachel reeves appearance on lbc or should i say broadcastingompany never quite go to plan, do they? you remember do they? do you remember this unforgettable where unforgettable interview where she answer a very she couldn't answer a very straightforward question ? straightforward question? >> it transphobic to say only women have a cervix? good morning. >> good morning, nick. >> good morning, nick. >> and it's great to talk to you. >> good to have you. >> good to have you. >> i just think that this issue has just become so divisive. >> is it transphobic, yes or no ? >> 7- >> look, i 7_ >> look, i is it is imam >> look, i is it is it transphobic ? look, i just i transphobic? look, i just i don't even know how to start answering these questions . answering these questions. >> our future chancellor ladies and gentlemen, it's terrifying if that wasn't bad enough, on a recent phone in with presenter iain dale reeves was ambushed by her own quote . her own quote. >> watch this quote here from a pretty prominent economist. and they say that labour nee

and reeves has made that and rachel reeves has made that point. going to be point.nisters have extra cash. but ministers have to those departments to come in to those departments if win and get that if they win and get that opportunity and the money opportunity and spend the money more think, more wisely. do you think, though, the labour though, that the labour grass roots disappointed when roots will be disappointed when keir gets is keir starmer gets in and is prudent? keir starmer gets in and is prudent ? well, there are keir starmer gets in and is prudent? well, there are going to be sections of the left who will cry betrayal, but they're already doing that now. he hasn't even won yet , but that already doing that now. he hasn't even won yet, but that is their narrative. >> starmer out often trending on twitter. >> starmer out often trending on twi absolutely . people just think >> starmer out often trending on twifithelutely . people just think >> starmer out often trending on twi fithe worst. people just think >> starmer out often trending on twi fithe worst thin

now, look, former reeves former chancellor rachel reeves appearance on lbc or should i say broadcastingpany never quite go to plan, do they? you remember do they? do you remember this unforgettable where unforgettable interview where she answer a very she couldn't answer a very straightforward question ? straightforward question? >> it transphobic to say only women have a cervix? good morning. >> good morning, nick. >> good morning, nick. >> and it's great to talk to you. >> good to have you. >> good to have you. >> i just think that this issue has just become so divisive. >> is it transphobic, yes or no ? >> 7- >> look, i 7_ >> look, i is it is imam >> look, i is it is it transphobic ? look, i just i transphobic? look, i just i don't even know how to start answering these questions . answering these questions. >> our future chancellor ladies and gentlemen, it's terrifying if that wasn't bad enough, on a recent phone in with presenter iain dale reeves was ambushed by her own quote . her own quote. >> watch this quote here from a pretty prominent economist. and they say that labour needs