as for what rachel reeves — complicated. as for what rachel reeves is — complicated.ging expectations in this way this — for managing expectations in this way. this is exactly the time that she needs — way. this is exactly the time that she needs to sort of set out her stall _ she needs to sort of set out her stall this— she needs to sort of set out her stall. this is the time to get the bad news — stall. this is the time to get the bad news out of the way frankly. but if she _ bad news out of the way frankly. but if she sets _ bad news out of the way frankly. but if she sets out the worst case scenario _ if she sets out the worst case scenario where she does deliver a budget— budget and it is not quite as bad, she will— budget and it is not quite as bad, she will have a boost. this is good politics _ she will have a boost. this is good politics from rachel reeves, in truth — politics from rachel reeves, in truth but— politics from rachel reeves, in truth. but we in the conservative party— truth. but we in the conservative party need — truth. but we in the conservativ

, _ people are on the same page as rachel reeves, saying - people are on the same page as racheloney, _ rachel reeves, saying there is no money, people— rachel reeves, saying there is no money, people agree _ rachel reeves, saying there is no money, people agree with - rachel reeves, saying there is no money, people agree with that, l rachel reeves, saying there is nol money, people agree with that, by then that _ money, people agree with that, by then that is — money, people agree with that, by then that is this _ money, people agree with that, by then that is this sort of, _ money, people agree with that, by then that is this sort of, how - money, people agree with that, by then that is this sort of, how do i then that is this sort of, how do you square _ then that is this sort of, how do you square the _ then that is this sort of, how do you square the circle _ then that is this sort of, how do you square the circle of- you square the circle of public services — you square the circle of public services being _ you square the circle of public services being on— you square the c

it is a wider story - in terms of rachel reeves trying to say the _ in terms of rachel reeves tryingght story because _ think it is not the right story because it is not in a budget of tax and spend — because it is not in a budget of tax and spend and being able to point to other— and spend and being able to point to other things that you've done. it was in _ other things that you've done. it was in isolation and has allowed people — was in isolation and has allowed people to — was in isolation and has allowed people to say hang on your giving double _ people to say hang on your giving double digit pay rises to unions but taking _ double digit pay rises to unions but taking money from pensioners. is there taking money from pensioners. there a taking money from pensioners. is there a spending or benefit cut or freeze somewhere you would prefer instead? i freeze somewhere you would prefer instead? ~ , freeze somewhere you would prefer instead? ~' , _, ., , instead? i think they could raise taxes on some _ instead? i think they could raise taxes on some things _ instead? i think they co

healy or gordon brown _ rachel reeves, denis healy or gordon brown or— rachel reeves, denis healy orem but they will difficult put and it's like predicting hard—working people, we should _ predicting hard—working people, we should be _ predicting hard—working people, we should be taxing lazy people! making the easy decisions _ should be taxing lazy people! making the easy decisions but _ should be taxing lazy people! making the easy decisions but no _ should be taxing lazy people! making the easy decisions but no one - should be taxing lazy people! making the easy decisions but no one will. the easy decisions but no one will vote for me. finally, in a couple of sentences, do we tell newsnight viewers wiggle room? that actually expect in october in the budget some movement on what appears to be a red line? we movement on what appears to be a red line? ~ ., ., .,, , ., line? we will have to hope soap and i think as stephen _ line? we will have to hope soap and i think as stephen alluded _ line? we will have to hope soap and i think as stephen alluded to, - line? we will have to hope so

the - in the house of commons at the end ofjuly from rachel reeves the newl ofjuly from rachelr. there's _ ofjuly from rachel reeves the new chancellor. there's no _ ofjuly from rachel reeves the new chancellor. there's no money- ofjuly from rachel reeves the new chancellor. there's no money left. i chancellor. there's no money left. she said _ chancellor. there's no money left. she said things— chancellor. there's no money left. she said things are _ chancellor. there's no money left. she said things are awful. - chancellor. there's no money left. she said things are awful. but - chancellor. there's no money left. i she said things are awful. but then, to say— she said things are awful. but then, to say that — she said things are awful. but then, to say that and _ she said things are awful. but then, to say that and then _ she said things are awful. but then, to say that and then give _ she said things are awful. but then, to say that and then give these - to say that and then give these inflation — to say that and then give these inflation busting _ to say that and then give

does it mean - rachel reeves once x? that has to be decided. _ rachel reeves once x?prime minister? because the prime minister— prime minister? because the prime minister cannot— prime minister? because the prime minister cannot do— prime minister? because the prime minister cannot do all— prime minister? because the prime minister cannot do all that - prime minister? because the prime minister cannot do all that stuff - minister cannot do all that stuff i'm minister cannot do all that stuff i'm cell. — minister cannot do all that stuff i'm cell. �* ., , , , i'm cell. don't forget, it is silly season. i'm cell. don't forget, it is silly season- it _ i'm cell. don't forget, it is silly season. it is _ i'm cell. don't forget, it is silly season. it is the _ i'm cell. don't forget, it is silly season. it is the summer- i'm cell. don't forget, it is silly season. it is the summer and i i'm cell. don't forget, it is silly - season. it is the summer and a lot of stuff like this goes on. it might start to calm down. but of stuff like this goes on. it might start to calm down

rachel reeves could point to that to say, look, itold rachel reeves could point to that to say, look,e great _ the last few years as one of the great failure5 the last few years as one of the great failures of 5tatecraft over the last — great failures of 5tatecraft over the last decade. that— the last decade. that is priti patel, robertjen reckon james cleverly. absolutely, it is, they are serious weakne55e5. they all have serious weakne55e5, the5e candidates, but that is— weakne55e5, the5e candidates, but that is a _ weakne55e5, the5e candidates, but that is a crucial one. however, you must _ that is a crucial one. however, you must be _ that is a crucial one. however, you must be careful here, because the particular— must be careful here, because the particular electorate they are playing — particular electorate they are playing to is not me, it is the conservative members of parliament, in the _ con5ervative members of parliament, in the first— conservative members of parliament, in the first instance, and then for two of— in the first instance, and then for two of them, the conser

rachel reeves has now admitted, "oh, taxes are going to go up."ng which she didn't say in the campaign. also, an inflation—busting pay deal to the doctors has been agreed by wes streeting, which is going to cost, i think, £8 billion. now that's policy — he's entitled to do that — but that's a policy which the previous government did not have, and there were strikes as a result. so they're getting out the chequebook. and furthermore, darshini, had rishi sunak waited, he would have had notjust inflation down to 2%, but he would have had an interest rate cut, which was also predicted on this podcast. by paddy o'connell. well, yes, people said i was ahead on the august cut. there's a rate cut hanging out there, and rishi sunak has delivered these conditions of falling inflation and a rate cut to keir starmer, and now rachel reeves is blaming him for everything going wrong, but actually the economy is growing. it is growing, but ultimately, are we feeling better off? are we going to feel...? of course we're not yet, because there's there's lag and drag

rachel reeves has discussing.onfirmed also what is monkeypox and should we be worried. well, we've got an expert on shortly to shed some light on this new outbreak. another pandemic incoming ? surely not. and we'll incoming? surely not. and we'll bnng incoming? surely not. and we'll bring you that bombshell exclusive with priti patel. you will not want miss it. and coui'se course we'll get that priti patel chat soon. next. welcome back to farage with me. martin daubney standing in for nigel himself. now, some good news for chancellor rachel reeves in the run up to the autumn budget, because the uk economy continues to recover from recession , with gdp growth from recession, with gdp growth of 0.6% recorded in the six months to june. now, the latest figures from the ons follows a 0.7% increase in the first three months of this year, and it means that the uk economy is the fastest growing in the g7 so far this year , despite brexit. but this year, despite brexit. but rachel reeves was quick to dampen the positivity

i previous regime -- rachel reeves-— previous regime -- rachel reeves. ~ �* , ., ., reeves.k it's a net zero game because _ reeves. i think it's a net zero game because if _ reeves. i think it's a net zero game because if you - reeves. i think it's a net zero game because if you don't i reeves. i think it's a net zero l game because if you don't have a fixed product in place, you will attract... your mortgage will attract... your mortgage will come down today from tomorrow. yes, you will see some relief. but again, a previous government, many self—inflicted injuries. i could go on about them all day long. they left the government in a very big, dark hole. we already know the chancellor has talked about increasing taxes. yes, we are saving some money in terms of interest rates occurring — still 16 years hi. but then, at the same time, the chancellor is going to come out and increase more taxes on businesses and consumers. so i think we still can't be back to square one. low interest rate for consumers' perspective, i'm not too optimistic about that. before we go, more news. k

says she has— not investing, rachel reeves says she has a — not investing, rachel reeves saysh is putting you in this — refusing to do that which is putting you in this position where you have to cut _ you in this position where you have to cut budgets which is getting passed — to cut budgets which is getting passed on to local authorities, the devolved _ passed on to local authorities, the devolved governments opened it's not --oin devolved governments opened it's not going to _ devolved governments opened it's not going to generate, it's not a change. _ going to generate, it's not a change, taking the same fiscal policy— change, taking the same fiscal policy the tories had and locking yourself — policy the tories had and locking yourself into it. you policy the tories had and locking yourself into it.— yourself into it. you can't magic money from _ yourself into it. you can't magic money from somewhere - yourself into it. you can't magic money from somewhere but. yourself into it. you can't magic money from somewhere but is. yourself into it. you can't magic. money from some

i don't think there is any of that with rachel reeves.arco >> matthew, i will let marco come back to that in a second, but i just want to ask you about this while you're here, which is it's all very well and good saying, well, this is going to be the pay rises for the public sector, and we're going to have to borrow £3.1 billion and possibly a little bit more going forward, or quite a lot more going forward to pay for that. but there do not appear to be any conditions attached to that. and so she's done that and possibly at the expense of having to find money somewhere else to tax other people, to potentially cut some of the elderly off. but we are not necessarily going to get any better public services for this money. i mean, that does smack of just shamelessly appeasing union pay masses. matthew doesn't it? >> no, i think if they have been outmanoeuvred, which none of us were in the room and heard what was said for them to agree certain pay rises and then be told the following week by a different union. well actually, we're going on str

that's going to be the test for keir starmer and rachel reeves.n fairness to them, i _ reeves. i think that's right. in fairness to them, i think - reeves. i think that's right. inj fairness to them, i think there reeves. i think that's right. in - fairness to them, i think there has been changed already and they have settled the teachers pay dispute and the junior doctors and nurses. settled the teachers pay dispute and thejunior doctors and nurses. i think that had to happen because we want decent public services in this country and we've got to pay for them. claire is absolutely right that we're going to need growth. rachel reeves talked a lot about growth, talked about investment in infrastructure. i think perhaps that's what we could look forward to in the budget that she will have a lot to say about that. throughout the election campaign rachel reeves talked very often about the need for growth in this country and we can only get that if she invests in infrastructure.— only get that if she invests in infrastructure. claire, we heard from kei

chancellor rachel reeves came under fire after her doom laden claims about the tory economy were left in tatters. the financial times, recession fears ease as a robust retail sales raise us hopes for soft landing. and below, chat gpt surprises english speakers by providing answers in fluent welsh. the daily telegraph, the story at the top is of the 20 doses of keita man that killed matthew perry. the friends legend who gave a memorable interview tojeremy newsnight in 2013, you can look for that if you wish to online. dm plasma cash hand—outs and ukraine uses british tanks on russian soil in cross—border raid. that story is at the bottom of the daily telegraph, reminding me at least of the grim news cycle in which we live where that story is down there and search of the small print. how the rich ruin the art market in the times. 0ne ruin the art market in the times. one in ten a—level grades are top grade on record outside covid. ministers favouring unions over pensioners and harry and megan doing something. and a—level results highlight regional divide and a picture ofjoe biden back w

rachel reeves is fuminr were left with. rachel reeves is fuming because _ were left with.e this is - were left with. rachel reeves is fuming because this is more - were left with. rachel reeves is l fuming because this is more data were left with. rachel reeves is - fuming because this is more data to undermine — fuming because this is more data to undermine her narrative that the economic— undermine her narrative that the economic inheritance was bad and she can no— economic inheritance was bad and she can no longer use that as a pretext for the _ can no longer use that as a pretext for the tax — can no longer use that as a pretext for the tax rises she was planning all along — for the tax rises she was planning allalong. it�*s for the tax rises she was planning all alon. v , for the tax rises she was planning all alon. h , ., for the tax rises she was planning allalonr. h , ., . for the tax rises she was planning allalonu. �*, , ., . , all along. it's been a decent first half but economists _ all along. it's been a decent first half but economists suggest - all along. it

i mean, i think the excuse that's being used by rachel reeves and i'm not laboun rachel reeves and i'mefending or condemning her, but is that there's a black hole of 20 billion and she needs to fill it, so she needs to find the money from somewhere. that's that's her reasoning for it. it's not sticking carrot. i'm very much somebody who thinks that we should be doing both. if you want to move something in a particular direction, you bring in both the stick and the carrot or. and we've talked about this before. you take a much broader approach. you take a whole economy approach. you drive the entire economy in a particular direction. you galvanise private investment to get behind it, rather than using government money. and then you're away from sticks and carrots. you're simply in a whole system approach . approach. >> i'm very sympathetic to that. but the whole system approach isn't there yet that you think when we moved to petrol cars, we didn't need a government to tell people it was cheaper, it was more convenient. i think if the new technologies are better than the internal combust

rachel reeves rachel reeves hiring a financial director in the treasury who had personally given her0 in donations previously as a politically neutral, by the way, civil servant. this has been going on for weeks. not just this one guy today. >> well, it was conservative minister lord francis maude who said ministers need to be able to appoint their own candidates to appoint their own candidates to deliver change. and again , it to deliver change. and again, it was within the rules and, labour colleagues have defended her and conservative colleagues have said it's fine as well. >> well, if it was fine, peter, that guy i think his name was ian caulfield. he stepped down last night amid the controversy. he wouldn't have stepped down if there was nothing to answer for. but peter, thank you for joining me. appreciate it. i'm going to bnngin me. appreciate it. i'm going to bring in now, top brexiteer and businessman ben habib to get his take on all this. ben, what's your thoughts about everything that's going on with this labour government right now? well, i thought you set it out extremel

it clearly is tory i growth, it can't be rachel reeves growth. growth, it can't be rachel reeves urowthn try and tell a i positive story about that but the underlying factors are not good. you look underlying factors are not good. you took at _ underlying factors are not good. you look at what that 0.6 is made up of, mainly— look at what that 0.6 is made up of, mainly services. big problems that are stored — mainly services. big problems that are stored up. mainly services. big problems that are stored up-_ are stored up. wouldn't it be good to sa it are stored up. wouldn't it be good to say it is — are stored up. wouldn't it be good to say it is definitely _ are stored up. wouldn't it be good to say it is definitely tory - are stored up. wouldn't it be good to say it is definitely tory growth? j to say it is definitely tory growth? it is tory growth but it is not good growth _ it is tory growth but it is not good growth |— it is tory growth but it is not good urowth. ., , ., it is tory growth but it is not good urowth. . , ., , it is tory growth but it is not good urowth. ., , ., , .,

. >> but keir starmer and rachel reeves haven't given themselves very much wiggle room. i mean, over and over again during the campaign we heard that taxes on working people wouldn't rise, and he said that was national insurance , vat or income tax. insurance, vat or income tax. does that mean he's now sort of preparing the ground for a whole tranche of other tax rises? i mean, lots of talk about capital gains rise. >> yes. i mean, i think it may be that they're making it sound so grim so that it won't be so bad when we actually see the result. but there's no doubt that with the thresholds frozen, taxes are going to go up for all of us anyway. so i mean, it's really i think the centre of this argument is when, when a government loses an election as badly as the conservatives did. don't be surprised if people then say, well , that's because then say, well, that's because of the state of the country. and this happened before when labour lost in 2010. again, there was the feeling of, oh , labour, mess the feeling of, oh, labour, mess

rachel reeves was chancellor for long enough.he books was going on in the books, and not given the fact that look at how how so in the labour party is with the civil service, you know, putting some of their a lot of people aren't buying the service positions. i don't buy it. that girl worked at the bank of england. she was shadow chancellor for a very long time. she had the ear of the for office budget responsibility. she wants to give the office for budget responsibility more powers. and now she's saying, but you didn't tell me . rubbish. but you didn't tell me. rubbish. >> okay, we'll leave it there. matthew laza and suzanne evans, thank you very much for that. we'll be back with the panel shortly. for now, though, you're with darren grimes on gb news on tv and digital radio. coming up, robert kennedy jr dropping out of the for race president and endorsing donald j. trump. what does that mean for kamala harris? first of all though, we're going to get your news headunes we're going to get your news headlines with tatiana . headl

rachel reeves has said they will rise.. >> she said that the environment is not what they expected. she hasn't actually said that they will rise. you know, that's spin from papers like the telegraph. gb news like she hasn't actually confirmed that they are going to rise unless you've got a leaked copy of the autumn statement. well, she's cancelled the taxes that the conservatives were going to cut. that's not a tax rise. so that is that is a counterfactual. >> well, had the previous government, the previous government, the previous government remained the tax burden would have gone down. this government has come in and they said, we're not going to do any of those tax cuts. so taxes are higher than they would be hypothetically. >> yes. i mean, you know , if >> yes. i mean, you know, if it's a hypothetical, you can't go, oh, well, they were going to cut it. so now they haven't. so people are worse off. you know, they're the same. it's the standard is the same. you can't base things on hypotheticals. are you really saying th

but some labour mps over the course of the summer have already said that they'd like the rachel reevesosed to that. this is just one front of some of the challenges that the government is facing, which is why i think sir keir starmerfeels it is important at this stage to really just sort of set the story for what the government is trying to achieve, and people within number 10 know that they are aiming, you know, for a to commence a project and to complete a project that is going to take a very long time. and they know too, that voters�* trust in politicians is very low, that there is great disillusionment among the public in terms of what they feel politics can deliver and i think the feeling in downing street is that by being this candid and frank about how difficult it�*s going to be, how unpopular some of the choices are going to have to be, then they may have a bigger chance of bringing voters with them. russia has launched a major airattack on ukraine, firing around 200 missiles and drones at energy and water facilities, and killing at least 6 people. president zelensky again cal

the chancellor of exchequer, rachel reeves , is in north america, and reeves, is in north america, ande to come to the pension system . on a visit pension system. on a visit there, she met with canadian pension bosses amid talk of her plans to try and overhaul what we do with pensions. so what do they do differently across the pond, in short, and bear with me. public sector pensions can be amalgamated, consolidated into bigger funds that are then invested in assets like gas networks, airports and shopping centres . so networks, airports and shopping centres. so big companies invest in public infrastructure and get a return back. and it's a safe way of putting pension money aside. is this what we need to get britain building again? i'm still joined by my panel here in the studio. gb news, senior political commentator nigel nelson and the journalist and tory peer paul goodman . nigel, tory peer paul goodman. nigel, to you first, you've been around the houses longer than me in politics and i've heard this side, this idea going back some years. it makes it a bit of sense. >> yeah. it's bee

the chancellor of exchequer, rachel reeves , is in north america, and reeves, is in north america, ande to come to the pension system . on a visit pension system. on a visit there, she met with canadian pension bosses amid talk of her plans to try and overhaul what we do with pensions. so what do they do differently across the pond, in short, and bear with me. public sector pensions can be amalgamated, consolidated into bigger funds that are then invested in assets like gas networks, airports and shopping centres . so networks, airports and shopping centres. so big companies invest in public infrastructure and get a return back. and it's a safe way of putting pension money aside. is this what we need to get britain building again? i'm still joined by my panel here in the studio. gb news, senior political commentator nigel nelson and the journalist and tory peer paul goodman . nigel, tory peer paul goodman. nigel, to you first, you've been around the houses longer than me in politics and i've heard this side, this idea going back some years. it makes it a bit of sense. >> yeah. it's bee

so rachel reeves was at first.ower. now it seems that whichever union knocks at the door of number 10 gets a bag of silver. let's start with the trains. >> it does feel that way. the trains deal is the most recent one.the trains deal is the most recent one. the train drivers, aslef union. they've been striking for the best part of two years over pay, the best part of two years over pay, and they've been given a 15% pay rise over three years, taking the average driver pay to £70,000 a year from £60,000 a yean £70,000 a year from £60,000 a year, big increase. louise. louise hague, the transport secretary, says i wanted to move fast and fix things. fair enough tory. she said the tories were happy to see taxpayers pay the price as strikes dragged on, and on and passengers suffered. it's easy spending money, it's harder saving money and it's very hard attacking , attaching strings to attacking, attaching strings to deals. there's no strings attached here. in this deal, the tories say helen whately, the shadow transport

rachel reeves has an balance. rachel reeves has an extremely difficult job.prises when it comes to this filling, this financial black hole ? this financial black hole? >> hi, emily. hi, patrick. i think this chancellor is making choices and will see the result of those choices in the october 30th budget. >> there's some figures out today from the office for budgetary responsibility looking at borrowing. >> they found that the government was meant to borrow just £100 million. >> i say just but that's not not a lot in terms of the government £100 million in july. instead, it borrowed £3.1 billion in july. that means they've overspent over borrowed by three by £3 billion. and the obr say this was strong growth in public sector pay. so what's been going on is the government's been finding money despite saying it's a black hole of 20 billion or so, at the end of end of july, they have found more money to pay , more money to junior to pay, more money to junior doctors, to public sector workers , most recently to train workers, most recently to train drivers, the rm

rachel reeves saying there is no blank cheque. they've been given a blank cheque.ute that they've been festering away, that of course they're still on strike about. and she hadnt still on strike about. and she hadn't even twigged that, and the same will be true. i said at the same will be true. i said at the time, what will happen when the time, what will happen when the rmt the other big rail union, hear about this? well, of course, we found out the next day they're they're threatening to go on strike over pay and conditions as well. so i think it was very foolish the way they went at it. >> do you know what, daniel? i'm actually in favour of public funding of political parties. so neither the labour party or the trade union or the tory party are reliant on donations. right? >> i do very quickly, very quickly before we end the show because i did say we were going to talk about jack daniel's because their parent company has become the latest business to ditch its diversity targets altogether. they're also going to stop taking part in the annual rankings of lgbt fri

rachel reeves has said they will rise.>> she said that the environment is not what they expected. she hasn't actually said that they will rise. you know, that's spin from papers like the telegraph. gb news like she hasn't actually confirmed that they are going to rise unless you've got a leaked copy of the autumn statement. well, she's cancelled the taxes that the conservatives were going to cut. that's not a tax rise. so that is that is a counterfactual. >> well, had the previous government, the previous government, the previous government remained the tax burden would have gone down. this government has come in and they said, we're not going to do any of those tax cuts. so taxes are higher than they would be hypothetically. >> yes. i mean, you know , if >> yes. i mean, you know, if it's a hypothetical, you can't go, oh, well, they were going to cut it. so now they haven't. so people are worse off. you know, they're the same. it's the standard is the same. you can't base things on hypotheticals. are you really saying the

what rachel reeves has come up with. departments to make 2% cuts, and as a result of that, there will be lost jobs. so it's not as if the civil service is actually increasing. you're just doing it. doing it in a much in a much better way. >> why is the state 100,000 bigger than in 2016? moutaz ahmad is that is that maybe because brexit's repatriated a third of the laws in this country? we need more civil servants to do laws. >> well, it's brexit, but it's covid as well right in. and it's also when public sector productivity goes down, you require more people to fill in those , those, those productivity those, those, those productivity gaps. so and also what sorry. what are we changing post brexit to require these civil servants. i just don't buy the argument. you all know better than me, jacob, but the civil service headcount has increased by a third or more. have we been able to justify that in productivity terms? >> well, jacob rees—mogg, you're the former business secretary. you led the attempts to shrink the size of

apparently rachel reeves hadn't filled out her declaration of interest, so didn't know that this £5,000. that really adviser to the treasury, which should have been the case in the first instance, sir laurie magnus must be feeling slightly silly on two counts. one is that this power that was promised has not materialised, and the other is that the civil servant with whom he worked closest, sue gray, is now in number 10, and it is indeed her son who received the money from lord alli personally. £10,000 to beckenham and penge labour constituency party, which is said to have resulted in his being given a pass. now, the only thing we know that lord alli has subsequently done with that pass was to organise a party in the garden at number 10. for who? for labour party staffers. why he needed a party to do that is yet to be explained, and why sue gray was able to make such a seamless transition between the supposedly impartial civil service and the highly politicised role she now occupies in number 10 is, i think, still a matter for some pubuc think, still a matter for some public investigatio

many pensioners across england and wales are going to lose their entitlement because rachel reeves isctor the government announced before the recess but the government claims is a £22 billion black hole to fail and advance to find the cash but some labour party mps have said over the course of some of that they would like rachel reeves to think again. opposition parties are opposed to that. this isjust one opposition parties are opposed to that. this is just one front of some of the challenges that the government is facing which is why i think keir starmerfeels government is facing which is why i think keir starmer feels it is important at this stage to set the story for what the government is trying to achieve. people with a number ten know that they are aiming to commence a project, complete a project that is going to take a long time. and they know as well voters trust in politician is very low and there is great disillusionment in there is great disillusionment in the public in terms of what they feel politics can deliver and the feeling in downing street is that being by this can

we bring our exclusive interview with rachel reeves to you. ♪ ♪ ♪ ♪ tom: a pause to the selloff aftermonday," but will that be sustained?, remains the key question. more than $6 trillion wiped off global equities. a breather in the session so far with european futures higher after losses of more than 2% yesterday and for the nasdaq 100 the worst start to the month since 2008. ftse 100 futures pointing to gains of 71 points. s&p also pointing higher after losses of around 3% yesterday. the nasdaq 100 futures looking to add 311 points. let's flip the board and look cross asset because the weakness in the yen is the story of the day after that incredible strength yesterday with gains of more than 2%. some of that being unwound in the session so far. the carry trade was an important part of the mix when it comes to the negativity. the japanese yen at 145. getting closer to the 4% level after the rally and treasuries. now selling pressure. brent at $77 a barrel and bitcoin at 55,535 after that rout yesterday for cryptocurrencies. gains around 2%. let's cross over to avril hong standing by

a lot of pressure piling on rachel reeves was one of our viewers just pointing out rachel thebes on theport. not only is it the us open just around the corridor a corridor corner. >> why not. >> why not. >> why not corridor west down the corridor? absolutely. but let's talk rather than talk about jermaine jenas, which we have done a lot, yeah. take us into the premier league fixtures and man city. >> yes, exactly. well manchester city, they've won all before them in the last few years. won them in the last few years. won the treble in 2223. but every time they win something and there's this little asterisk next to it or not not, not formally. but there's a cloud over their achievements. have they been cheating? did they do it while they were receiving financial inducements? were there financial irregularities around the place where they inflating the value of sponsorship deals? were they playing paying players and managers off the books? they i should say that they strenuously deny any of this, but they're up against the premier league next month. we think we'll hear a verdict next year

growth continues in the second quarter as gdp moves .50% higher the monthly data comes in flat as rachel reevespeaks out. >>> and mixed fortunes in the japan recession, but china reckons with the latest batch of mixed data. >>> and bet big on chinese tech names in the second quarter as top hedge funds cut their magnificent seven exposure >>> welcome to the program we kick it off with the breaking news in central bank in norway the bank saying based on the current assessment of the outlook, the policy rate will likely be kept at the current level for some time ahead. a significant telegraph here on what to expect moving forward. the central bank adding the tight monetary stance will be needed to bring inflation down to target within a reasonable time horizon we have seeing the move after the central bank move to keep rates unchanged at 4.5%. we will continue to track the market reaction for you. >>> let's get you across what is moving in the european equity markets right now. italy is out for a holiday today, but most markets have been tracking higher through the course of the session after the

and so rachel reeves said , i will so rachel reeves said, i will pay- so rachel reeves said, i will paywhat the pay awarding bodies have agreed, because that's the system. but i will never again not put in a cost analysis. and i can assure people that this next year will not be the case. and i think what they're doing is they are fulfilling the pay awards now. but saying you've got that because we want a clean slate because we want a clean slate because of the mess up that's happened, but don't think you're going to be getting that every yeah going to be getting that every year. well, that may be true. >> that may be true. what is what is for certain is that it's going to be a budget in which taxes go up. he couldn't have been clearer with the signal today. is it going to be as with the 20% on private school fees, is it going to be those that earn good money or have big savings that are really going to have to pick up the tab? >> well, i don't think that, the very poorest in our society are able to pick up the tab very much , and unless they're going much, and unless they're going to tr

what rachel reeves has come up with.g departments to make 2% cuts, and as a result of that, there will be lost jobs. so it's not as if the civil service is actually increasing. you're just doing it. doing it in a much in a much better way. >> why is the state 100,000 bigger than in 2016? moutaz ahmad is that is that maybe because brexit's repatriated a third of the laws in this country? we need more civil servants to do laws. >> well, it's brexit, but it's covid as well right in. and it's also when public sector productivity goes down, you require more people to fill in those , those, those productivity those, those, those productivity gaps. so and also what sorry. what are we changing post brexit to require these civil servants. i just don't buy the argument. you all know better than me, jacob, but the civil service headcount has increased by a third or more. have we been able to justify that in productivity terms? >> well, jacob rees—mogg, you're the former business secretary. you led the attempts to shrink the size of

how do you think rachel reeves will be balancing that? is she more socialist?she good economic management? >> i'll be surprised if rachel reeves has ever been called a socialist before. i don't think it's a tag, she would want, i think she may. i mean, if she does this , she's going to fall does this, she's going to fall more in line with nigel lawson than socialist. he obviously famously raised capital gains tax in the 80s, and i know that was because he actually realised there was a there was a problem with the fact that people were being taxed on the inflation that came through the, the, the, the gains that people were making. i don't know, i think, i think, i think they'll be keen to close some loopholes in the sense of people maybe trying to hold on or what you can be, what sort of gains you can be taxed on. >> i mean, the nigel lawson approach was, i thought of a highly intelligent one. he set the rate at 40% for both income and capital gains in the 1988 budget, but he also rebased all capital gains to 1982. so that anything that you'd held over the long

rachel reeves hiring that top banker after he donated £5,000 to her personally.'s people who have worked with these cabinet members and these politicians for years and years and years now, given jobs where they're meant to be politically neutral , i they're meant to be politically neutral, i think i think you've got to be all governments have got to be all governments have got to be very careful this government, particularly because you know that we've seen with, with, you know, with boris and liz truss and rishi sunak governments, lots of lots of kind of ethics issues and crises over the, over the, over recent years. >> so this government's got to show that it's better. so i think i think, you know, the advice really needs to be be very careful about bringing anybody in that you don't need to, you know , use the civil to, you know, use the civil service, the civil service, the british civil service is fabulous. you know, that really committed, really expert people and trust them and build a rapport with them. you don't need to bring in lots of people from the ou

the chancellor rachel reeves says the government is "under no illusion" there is work to do "to make benefited from inheriting a growing economy. here's our economics editor, faisal islam. across the british economy, the signs are of businesses and people daring to believe years of crisis and inflationary shocks are behind us, that they're getting ready for more normal growth, not just at this robotics factory in birmingham. business in general�*s very good. we're very busy. currently on the shop floor we've got a lot of work going on. we've got a lot in our pipeline. we're expecting a lot more work coming in in the nearfuture. we think interest rates coming down is maybe going to be a thing that people saw was going to happen towards the end of the year, so maybe they're holding off a little bit to wait for the interest rates coming down. between march and june, the british economy grew by 0.6%, continuing solid growth this year as the inflation numbers, too, return to more normal levels. the new government's central economic mission, it says, is to get the british economy growing f

now, there has been a lot of discussion about what rachel reeves, the chancellor, is going to do in herct at the end of october. she has already made one of what she calls a �*difficult choice�* to end the universal winter fuel payments. now it�*s going to be means tested, this being attacked alongside public sector pay deals by the conservative party. so there�*s going to be a lot of debate, i think, in the weeks to come over the state of the public finances and rachel reeves�* upcoming decisions. but certainly on tuesday, we expect from keir starmer a pretty negative message on the state of things. what is our political correspondent. now what age should a child get a mobile phone? well ee — one of the country�*s biggest mobile and broadband provider — says it should be 11. it�*s become the first major telecoms company to issue the guidance instead suggesting younger children should only be given phones capable of sending texts and making calls — so called dumb phones. one recent survey by uk regulator ofcom suggested nearly a quarter of 5—7 year olds now own a smartphone. let�*s get

he will meet rachel reeves and we will meet of you kevin, who is on the wrong side of the threshold forive on bbc two at 10:30pm. the us vice president, kamala harris, has promised a new way forward for america, as she accepted the democratic nomination to run for the white house. she told supporters in chicago that america had to move past division and bitterness. this evening the independent candidate robert f kennedyjunior suspended his campaign for the presidency and urged his supporters to back donald trump. our north america editor sarah smith reports from chicago. please welcome the democratic nominee for president, vice president of the united states of america, kamala harris. and welcome to the biggest test of her career. one single speech that could make or break her chances of becoming president. she used the obligatory story of her upbringing to stress that she's from working class roots, not a san francisco elite. and she said she wants to move america beyond bitterness and division and chart a new way forward. i know there are people of various political views watching ton

it's rachel reeves . it's rachel reeves. >> you're not going to win.o it. as the respected independent institute for fiscal studies vindicates their claims that the tories did leave a massive black hole in the asylum budget. >> all right. >> all right. >> okay, so today's winner of the greatest britain is glenis lindsay and glenis. fantastic okay, so what i do now know your union. jack carson. sorry that was my fault earlier. it's meghan markle for grifting. is that right? well that's right. >> grifting that's a strong term. >> grifting that's a strong term. >> some would say meghan would deny. >> some would say meghan would deny . right. okay, sean, who's deny. right. okay, sean, who's your union jack? >> my union jack arts is the quango innovate uk for pouring £500,000 of taxpayers hard earned money into researching plant based meats. and it's not so much this research, but we have a prison crisis . we have a have a prison crisis. we have a knife crisis. we're talking about ridiculous smoking bans. the government has to relieve itself of spending mon

the chancellor, rachel reeves, says the government is "under no illusion" that there is work to do "tountry better off". the conservatives say labour has benefited from inheriting a growing economy. here's our economics editor, faisal islam. across the british economy, the signs are of businesses and people daring to believe years of crisis and inflationary shocks are behind us, that they're getting ready for more normal growth, not just at this robotics factory in birmingham. business in general�*s very good. we're very busy. currently on the shop floor we've got a lot of work going on. we've got a lot in our pipeline. we're expecting a lot more work coming in in the nearfuture. we think interest rates coming down is maybe going to be a thing that people saw was going to happen towards the end of the year, so maybe they're holding off a little bit to wait for the interest rates coming down. between march and june, the british economy grew by 0.6%, continuing solid growth this year as the inflation numbers, too, return to more normal levels. the new government's central economic missio