what do you make of the pleasures on rishi - make of the pleasures on rishi sunak?. i think the expectation is growing that the government will act but it is not clear what can do. that has been a lot of talk about a windfall tax on the energy companies but big? as to whether that will raise enough money and also discourage investment in renewables. but it is clear in some research that bottom earners will be cutting discretionary spending by 20%, such is the pension their household budgets. it is quite clear that ritchie soon act needs to act but i think he does not know what he wants to do or can do. —— that rishi sunak. or what is expected of him. there is some feeling in the papers, they needed to politically sing, that his appeal to politically sing, that his appeal to all voters. so rishi sunak will have a wet towel on his head trying to work out what to do exactly, where he will get money quickly and how he can relieve the pain very quickly. we are seeing, just across the papers, this cost of living is the papers, this cost of living is the biggest political

rishi sunak, what i would expect— rishi sunak, what i would expect is— rishi sunak, what i would expectd more _ time he would have to come back and spend more money. - time he would have to come back and spend more money. the - and spend more money. the interesting _ and spend more money. the interesting thing _ and spend more money. interesting thing right now about the uk economy is that there is a labour shortage. in there is a labour shortage. in the early 80s, margaret thatcher could use high unemployment as a way of controlling inflation. people were desperate to go into jobs and take low paying jobs to just get back in. that mechanism is not available, now. it is the opposite. they need to get people into jobs. which drives the economy the people want to hope this, one that would make it more resilient to international pressures. it is his dilemma. you might find some of the people _ you might find some of the people who opt out of the labour— people who opt out of the labour market coming back into it. , ., ~ , labour market coming back into it. do you think they will? they migh

_ and quickly. 0n the fiscal side, rishi sunak is going to have to make some _ rishi sunak is going— tax suit mentions, ! think that is building up— tax suit mentions, i think that is building up a head of steam, i think if he did— building up a head of steam, i think if he did do— building up a head of steam, i think if he did do that, there might be a bit of— if he did do that, there might be a bit ofa— if he did do that, there might be a bit of a credibility hit but it won't _ bit of a credibility hit but it won't be _ bit of a credibility hit but it won't be a long—term thing, and i think— won't be a long—term thing, and i think the — won't be a long—term thing, and i think the oil— won't be a long—term thing, and i think the oil and gas company ceos would _ think the oil and gas company ceos would lose — think the oil and gas company ceos would lose too much sleep about that so that _ would lose too much sleep about that so that may _ would lose too much sleep about that so that may be reversible coming then _ so that may be reversible coming then the — so that may be reversibl

i think rishi sunak will he _ warm and so on. i think rishi sunak will be under— warm and so on.ard the 1p cut in income tax remains to be seen. but this is a whole _ tax remains to be seen. but this is a whole range of measures being proposed, — a whole range of measures being proposed, doing something on a crisis _ proposed, doing something on a crisis we — proposed, doing something on a crisis we haven't faced in half a centurv — crisis we haven't faced in half a centu . ., ., crisis we haven't faced in half a centu . . ., �* , century. camilla, you've been heafina century. camilla, you've been hearing about _ century. camilla, you've been hearing about this _ century. camilla, you've been hearing about this 1p - century. camilla, you've been hearing about this 1p tax, - century. camilla, you've been hearing about this 1p tax, it i century. camilla, you've been l hearing about this 1p tax, it was quite unusual and got a lot of comment at the time pre—announcing it for a few years time. could it be moving forward? it is it for a few years time. could it be moving forward?— it fo

shyama, no escaping the papers tomorrow for rishi sunakl the papers tomorrow for rishi sunak becauseed into higher tax bands? he rishi sunak as one in five pulled into higher tax bands?— into higher tax bands? he has increased _ into higher tax bands? he has increased national _ into higher tax bands? he has increased national insurance | into higher tax bands? he has. increased national insurance and white _ increased national insurance and while he — increased national insurance and while he has raised the limit at the bottom _ while he has raised the limit at the bottom for— while he has raised the limit at the bottom for those who are amongst the lowest _ bottom for those who are amongst the lowest earners, he has not raised the threshold for those who have tipped _ the threshold for those who have tipped over £40,000 into the next tax band — tipped over £40,000 into the next tax band. they are getting squeezed twice because they are not getting any kind _ twice because they are not getting any kind of incentive, it isjust more — any kind of incentive, it isjust more and _ any ki

rishi sunak was fined _ sunak to resign. rishi sunak was fined for— sunak to resign.meeting only to discover— pitching up for a meeting only to discover that somebody else was serving _ discover that somebody else was serving some cake at the time. keir starmer— serving some cake at the time. keir starmer has — serving some cake at the time. keir starmer has gone very big on that for a _ starmer has gone very big on that for a long — starmer has gone very big on that for a long time about how that kind of behaviour was very unacceptable, and now _ of behaviour was very unacceptable, and now it _ of behaviour was very unacceptable, and now it looks like he's actually in danger— and now it looks like he's actually in danger of having done very similar— in danger of having done very similar things. let's bring in the sunday telegraph, which also features an angle on this story. i beg your pardon, the sunday times. i got my sundays mixed up. all the papers are called sundays. new crisis first army —— starmer. is it really unraveling for keir starmer?— it really unraveling

a few months ago, that might�*ve been rishi sunak, but rishi sunak has taken a huge knock and the faceont runner and so they are waiting. and there's a part of the tribe that believe that ultimately, he is a winner and that force in the past is always kind of weird that and somehow, they can throw these problems and they don't want to remove someone who has extraordinary charisma and is proven themselves a winner and one brexit, by a majority in 2019 and given one last go. i think that approach is a bit misguided because the view that is settling in with voters of this trust is so serious that ultimately, i think is going to be very hard for him to bounce back and win the next election. ., , ., ., , ., ,, ., ., election. polls are a snapshot of the opinion _ election. polls are a snapshot of the opinion that _ election. polls are a snapshot of the opinion that the _ election. polls are a snapshot of the opinion that the times - election. polls are a snapshot of the opinion that the times and l election. polls are a snapshot of. the opinion that the times and after the opinion that the

— one eye on an election in 2020 for, i think rishi sunak will be really reluctant— i think rishi sunak and will really want to break it down in — and will really want to break it down in time for the election. 3.5 million _ down in time for the election. 3.5 million people on a fiscal drag is 'ust million people on a fiscal drag is just go— million people on a fiscal drag is just go down really badly. andrew mentioning _ just go down really badly. andrew mentioning the _ just go down really badly. andrew mentioning the general _ just go down really badly. andrew mentioning the general election l just go down really badly. andrew| mentioning the general election in just go down really badly. andrew i mentioning the general election in a few years time. if we turn to the sunday telegraph, administers turn on bank of england. is there any reason that they are looking towards a general election with an unprecedented attack was back well, let's be honest, they attack every source of independent power in this country. source of independent power in this count . , , ., country. they started w

they keep saying, rishi sunak keeps saying, i stand keep saying, rishi sunak keeps saying, istand ready keeps saying, i stand ready to do more, but people need him to do more yesterday, and he hasn't done it. and we've got rishi sunak elsewhere being declared as one of the richest men in the country. so, he is not been affected by the cost of living. i don't begrudge him his success but i don't begrudge him his success but i don't begrudge him his success but i do rather wonder whether we've got people running the country who know what it is like to stand at the till and find yourself to plan 20 short and find yourself to plan 20 short and having to put something back on the shelf. £2 and 20 p. and i think they will struggle to understand how people up and down the country are doing that. people up and down the country are doinu that. a, , people up and down the country are doinu that. , _ people up and down the country are doinuthat. _ doing that. maybe possibly, as you sa , some doing that. maybe possibly, as you say. some in _ doing that. maybe possibly, as you say, some in their _ d

rishi sunak telling a acked the commons. rishi sunak telling a packed house _ the commons.e commons. rishi sunak telling a packed house of commons - the commons. rishi sunak telling a packed house of commons that - the commons. rishi sunak telling a packed house of commons that he | the commons. rishi sunak telling a. packed house of commons that he is bringing in measures to address the rising cost of living as the government tries to draw a line under partygate. let's go through some of those announcements. 0ne—off payments of different amounts will be given to the most vulnerable — the elderly, those with disabilities, and those with the lowest incomes. all households will receive a £400 discount on energy bills and eight million of the lowest income families will also get a one—off payment of £650. let's hear a little of what the chancellor said to the commons. we should not be ideological about this, we should be pragmatic. it is possible to both tax extraordinary profits fairly and incentivise investment. and so like previous governments, including conservative ones,

sunak says he will get rid of it quicker— rishi sunak says he will get rid of it quicker if— rishi sunakctually, the is not what they were _ and actually, the is not what they were expecting and they are very happy— were expecting and they are very happy about it either. it has been welcomed — happy about it either. it has been welcomed and most conservative mps and labour— welcomed and most conservative mps and labour mps have been hearing from their— and labour mps have been hearing from their constituents for weeks and months about this in any intervention is welcomed. just to -ick intervention is welcomed. just to ick u- intervention is welcomed. just to pick no on _ intervention is welcomed. just to pick no on that. _ intervention is welcomed. just to pick up on that, the _ intervention is welcomed. just to | pick up on that, the conversations you have around westminster, the chancellor says, you have around westminster, the chancellorsays, my you have around westminster, the chancellor says, my instincts as a tax—cutting chancellor, he had a pretty rough right of his budget, includ

i do think that after rishi sunak had such a rubbish - rishi sunak had such a rubbish spring — rishithing to tackle the cost of— need to do something to tackle the cost of living crisis so i can understand that he wants to veer towards — understand that he wants to veer towards a — understand that he wants to veer towards a winter full tax, i wouldn't _ towards a winter full tax, i wouldn't go as far to say he wants one. _ wouldn't go as far to say he wants one. that — wouldn't go as far to say he wants one. that is — wouldn't go as far to say he wants one, that is the labour party, they reckon— one, that is the labour party, they reckon that — one, that is the labour party, they reckon that 10% tax to raise £2 billion— reckon that 10% tax to raise £2 billion could really help. but surely — billion could really help. but surely it _ billion could really help. but surely if you are going to put this taxon. _ surely if you are going to put this taxon. that— surely if you are going to put this taxon, that money has really got to id taxon, that money has really got to go to— taxon, that

i think rishi, business people like rishi, rishi likes business people.everybody was hoping he'd announce something. we all know the elephant in the room. what's he going to do and when is he going to do it? and he didn't. but, you know, so it was a warm speech. and i mean, look, if we want to get really technical about it, i don't know if this would meet your news bar, but he did say, i will cut taxes on business investment in the next budget as opposed to, i want to cut business taxes. so for guys like me, that is fantastic. for everybody else in the room, they were like he said, nothing. isn't it extraordinary how often rishi sunak manages to attract headlines that involve his name and tax cut when he has put up taxes as much as he has, and in historic terms, tax is higher than it's been at any time in our lifetimes. 71 yea rs. and corporation tax is going up from 19% to 25% next year. overnight. so what needs to happen then? i don't know what you were whispering to him in between your aubergine and chicken, but what what would you do right now if you

sunak has the tools— make sure that rishi sunak has the tools in— make sure that rishi sunak has the supplies of gas to— the retailers, force the supplies of gas to do— the retailers, force the supplies of gas to do something about this delivery— gas to do something about this delivery mechanism. by the way, henry, _ delivery mechanism. by the way, henry, i've — delivery mechanism. by the way, henry, i've got a fully electric not — henry, i've got a fully electric car, not a hybrid, and mine is built in britain — car, not a hybrid, and mine is built in britain. , , ., ., in britain. this is not a car competition, _ in britain. this is not a car competition, guys! - in britain. this is not a car competition, guys! i'm i in britain. this is not a car competition, guys! i'm on| in britain. this is not a car. competition, guys! i'm on a in britain. this is not a car _ competition, guys! i'm on ajourney, competition, guys! i'm on a “ourney, as they say. — competition, guys! i'm on a “ourney, asthey say. viii competition, guys! i'm on a “ourney, as they say. i'll get i competition, guys! i

this lunchtime rishi sunak announced _ the exchequer. another _ the exchequer. this lunchtime rishi sunak announced another bot - the exchequer. this lunchtime rishi sunak announced another bot 9 - sunak announced another bot 9 billion worth of measures to help households. he scrapped a scheme that would have seen households have to pay back a reduction on their energy bills. for to pay back a reduction on their energy bills-— to pay back a reduction on their ener: bills. ., ., ., ., . ., energy bills. for the avoidance of doubt, this _ energy bills. for the avoidance of doubt, this is _ energy bills. for the avoidance of doubt, this is now _ energy bills. for the avoidance of| doubt, this is now unambiguously a grant. and furthermore, we have decided that the £200 of support for household energy bills will be doubled to £400 for everyone. we are on the side of hard—working families with £6 billion of financial support. with £6 billion of financial su ort. ., ., . with £6 billion of financial su ort. . ., . ., with £6 billion of financia

when we talk about action to help people, rishi - than later.elp people, rishi sunak says he can't fix everything. he sa s he says he can't fix everything. he: says he can't fix everything. he: says he can't fix everything. he: says he can't fix everything, but he was speaking at the tbi earlier today saying he will cut taxes, but business taxes. you can see the logic of that, because the idea is its burden to growth and job creation. but that feels like leaving out the people really hardest hit by all this, which is individuals, families. it seems a bit misplaced to think about cutting business taxes rather than personal taxes. ., . ., , business taxes rather than personal taxes. ., _, , _, taxes. one of the comments coming from the aa, — taxes. one of the comments coming from the aa, because _ taxes. one of the comments coming from the aa, because the _ taxes. one of the comments coming i from the aa, because the chancellor did outline some of the measures that he's already put in place, i think it was £22 billion worth of a support package —

rishi: yeah, absolutely. will put one of them aside as we are negative on them but with zoom in dockusign, they are very focused on their second act. zoom, for them it is zoom phone and adjacent events. for docusign it is clm lifecycle management. i think that the uncertainty is holding the names back. it's why zoom trades at 50 times cash flow for what i think is a quality business that has good economics integrate technology. it's the best videoconferencing technology that exists out there but all of the uncertainty is how many people are left in the world to do videoconferencing? where is there to go after webex? can you prove the second and third acts of the business are for real? then we could start to see rating on the stocks. sonali: the argument has always been that companies will continue to invest in technology and you see these companies as recession proof, affectively. what companies do not do well in those slowdown environments? rishi: i think there are a couple of categories. any piece of softwa

—— rishi sunak with his thing and had to— —— rishi sunak with his thing and had to keep _ —— rishi sunakon the 23rd and last hours has been buiiding — the 23rd and last hours has been building anything that's partly because mps have gotten back to the constituencies in the houses and sitting _ constituencies in the houses and sitting at— constituencies in the houses and sitting at the minute and they will have been— sitting at the minute and they will have been me into contact with the constituents in many of whom have written _ constituents in many of whom have written letters are the first wave of the _ written letters are the first wave of the story when the first party gate _ of the story when the first party gate allegation started and started to come _ gate allegation started and started to come out and they will set the constituents that they were waiting see what _ constituents that they were waiting see what happens make the decision. some _ see what happens make the decision. some of— see what happens make the decision. some of them really did have to make a decision— some of t

this is boris johnson and l his chancellor rishi sunak defending the £15_ his chancellor rishi sunaksterday, this was £650, i one—off payment _ yesterday, this was £650, lone—off payment to— yesterday, this was £650, i one—off payment to the lower income households across the country, i think— households across the country, i think it's — households across the country, i think it's 8 — households across the country, i think it's 8 million. for hundred pounds — think it's 8 million. for hundred pounds of— think it's 8 million. for hundred pounds of energy bills for all households and warm winter you payment — households and warm winter you payment and money on disability living _ payment and money on disability living allowance. —— a million. this is ideologically not with the tory party— is ideologically not with the tory party do~ — is ideologically not with the tory party do. and it will fuel inflation and rishi — party do. and it will fuel inflation and rishi sunak is a no, this is not gonna _ and rishi sunak is a no, this is not gonna happen, this will have minimal impact _ gonna

but rishi is not trying to in any way evade that.him, and not chosen to contest it and chosen to get on with the job. simon, thank you very much. thank you. so, simon clarke from the treasury is being pretty supportive of boris johnson. somebody who's the totally opposite of supportive isjoining us now on newscast. it's mark harper, a conservative mp and former chief whip, and quite a big critic now of borisjohnson. we have to add that to yourjob description now, don't we? yeah, well, look, it doesn't particularly give me any. pleasure to do so. i'd much rather be supporting the prime minister— and the government. but as i've set out very- clearly before, i think over the whole revelations . about breaking the law, not being straight about it, i and frankly asking, you know, decent men and women on my side of the house to defend _ the indefensible, i've made it very clear i think - he needs to go. i think the public's made its mind up. and at some point, mps listen to the public. - otherwise, the public. deal with mps that don't list

you both refer to rishi sunak and ian, you said his reputation is not what it was. bit with the announcement this week, and it's certainly an important announcement for everybody in the uk who has been worried about the massive increase in energy bills and the rise — the general rise in the cost of living. what do you make of that announcement and the implications of it? because even on the conservative side, there seems to be a bit of — "well, we are grateful "for the money but we don't like to be the party "doing this kind of thing — throwing money at the problem." the response is fascinating because it is has split the tories down the middle with what you might call a kind of one nation wing and actually the sort of boris red waller wing as well, liking the fact that the government is throwing money at the problem. ultimately, i think those on the other side, the free market thatcherites who sare saying that this is a ridiculous splurge, i think they are missing the point. the scale of what is about to be felt by the poorest in this country — not a situation whic

tories now party of big spending says rishi sunak.spending says rishi sunak. this package of measures of gone further than a lot were expecting. find package of measures of gone further than a lot were expecting.— than a lot were expecting. and with taxes and proceedings, _ than a lot were expecting. and with taxes and proceedings, around - than a lot were expecting. and with taxes and proceedings, around 2 i taxes and proceedings, around 2 billion_ taxes and proceedings, around 2 billion and — taxes and proceedings, around 2 billion and five billion and that will partially fund is £15 billion package — will partially fund is £15 billion package and support people through £400 in _ package and support people through £400 in energy bills throughout all households and various other low income _ households and various other low income and on disabilities. in the £10 billion — income and on disabilities. in the £10 billion of that were going to be funded _ £10 billion of that were going to be funded through borrowing. and 6 biiiion— funded

the metro leads with rishi to the rescue at last. daily telegraph reads," tories are now the party of big spending, says sunak." i think bloomberg's headline is something along the lines of rishi sunak the socialist. joining us now is lizzy burden. talk us through the significance of the support we saw from the u.k. chancellor. lizzy: this is big money targeted at the poorest households and targeted at the fourth quarter. it is a boon for consumers and the economy because economists expect people to spend this money, pump it back into the economy and helps the u.k. to dodge a recession in 2022. it keeps the pressure on the bank of england because it adds to the inflation risk. bloomberg economics has seen a pause and tightening in the second half of the year, now it sees 4 rate by the end of 2022. francine: i spoke to the chief executive of an italian company and he spoke about the one for text. he was not -- the windfall tax. he was not keen on the windfall tax. bp saying we could review our investments if we have to pay windfall ta

i; this rishi sunak furnishing his own this rishi sunakfurnishing his own brand a bit too?think its about his brand - brand a bit too? i certainly don't think its about his brand but i brand a bit too? i certainly don't think its about his brand but it i brand a bit too? i certainly don'tj think its about his brand but it is about— think its about his brand but it is about helping households at the i’i l ht about helping households at the right time. i do have a feeling that this is— right time. i do have a feeling that this is reminiscent of the rishi sunak— this is reminiscent of the rishi sunak we _ this is reminiscent of the rishi sunak we saw at the beginning of the pandemic, _ sunak we saw at the beginning of the pandemic, in terms of stepping in, fairly— pandemic, in terms of stepping in, fairly creatively, quite dramatically in a sense and at scale and at _ dramatically in a sense and at scale and at pace — dramatically in a sense and at scale and at pace to fend off what is a looming — and at pace to fend off what is a looming problem that is coming down the track—

rishi _ among their ranks? i thinkjohn is right, rishi sunak— among their ranks?in behind him but i think you could look at people like liz truss, i think she would be a very strong candidate, i don't know whether she has got as much support as rishi sunak would have done before the cost of living crisis. it is difficult, there is no obvious candidate but i don't think that should be a reason not to test whether there is confidence in the prime minister. fiifi whether there is confidence in the prime minister.— whether there is confidence in the prime minister. 0k, jane and john, thank ou prime minister. 0k, jane and john, thank you very _ prime minister. 0k, jane and john, thank you very much _ prime minister. 0k, jane and john, thank you very much for _ prime minister. 0k, jane and john, thank you very much forjoining i prime minister. 0k, jane and john, | thank you very much forjoining me. now it's time for a look at the weather with matt. good morning. let's take a look what is going to happen over the next few days. windy across the country with rain at times f

rishi sunak will be talking to us i rishi sunak will be talking to us shortly.he building safely. there is always more to learn, there is always more to do, and we'll continue to do that to adapt the service that we need. more than 500 people were injured in collisions involving e—scooters in london during 2021 according to the figures published by the met police. the use of privately—owned e—scooters on public roads and pavements is banned and riders can be fined and have their e—scooters seized. currently, the only legal way to ride an e—scooter in the capital is through tfl's trial rental scheme. people heading to europe over the half—term and jubilee weekend are being told they could be turned back at the border. the body that manages services across the channel is expecting huge numbers of passengers. as a result "turn—up—and—go" tickets will not be available at dover or on eurotunnel services between the 27th and 29th of may. if you are planning to travel the advice is to book ahead. if you're heading out on public transport this morning, this is how tfl s

rishi _ into it, they did for cement to it. rishi sunak— into it, they did for cement to it.anies as they plan to _ much money from the ng companies as they plan to. energy. rishi sunak is change _ they plan to. energy. rishi sunak is change from his days of a winchesters school boy, he's now been _ winchesters school boy, he's now been chancellor for two years and spent _ been chancellor for two years and spent something like £450 million of public— spent something like £450 million of public money, obviously a lot of it is pandemic related, but they want to pretend — is pandemic related, but they want to pretend that they are one thing, but want _ to pretend that they are one thing, but want to— to pretend that they are one thing, but want to govern in the interest of voters — but want to govern in the interest of voters from labour in 2019. nye is interesting _ of voters from labour in 2019. iiye: is interesting because we have a republican in the other box and the republicans tend to do that as well. i�*ve looked at recent cases in the america unless we think this is just

described by rishi sunak— speak its name. described by rishi sunak but— speak its name. companies. there was a thought— and tax companies. there was a thought that maybe the petrol companies should also be targeted for a windfall tax, because they too have been— for a windfall tax, because they too have been making this extraordinary profit _ have been making this extraordinary profit but— have been making this extraordinary profit. but somehow that got abandoned. i profit. but somehow that got abandoned. lam intrigued by the timing _ abandoned. lam intrigued by the timing of— abandoned. lam intrigued by the timing of this, thatjust because boris _ timing of this, thatjust because borisjohnson is angry timing of this, thatjust because boris johnson is angry about it timing of this, thatjust because borisjohnson is angry about it now, actually— borisjohnson is angry about it now, actually people have been talking about _ actually people have been talking about it _ actually people have been talking about it for at least a month. you want _ about it for at least a month. y

the times story also shows that rishi sunak's approach _ story also shows that rishi sunak's approachthose on _ policy, discount on energy bills for those on low income and also an autumn strategy of cutting income tax, autumn strategy of cutting income tax. the _ autumn strategy of cutting income tax, the cuts he promised, bringing it forward — tax, the cuts he promised, bringing it forward in— tax, the cuts he promised, bringing it forward. in the government can't io it forward. in the government can't go on _ it forward. in the government can't go on appearing to say, well, these are measures beyond our control. the government— are measures beyond our control. the government is to show that it is acting on— government is to show that it is acting on behalf of the people, so it has— acting on behalf of the people, so it has to _ acting on behalf of the people, so it has to act. and i think this is a very— it has to act. and i think this is a very serious _ it has to act. and i think this is a very serious crisis we are facing, probably— very serious crisis we are facing, probably th

what impact could that have on the very investment that rishi - sea.ng to stimulate? hopefully hither is trying to stimulate? hopefully higher prices _ is trying to stimulate? hopefully higher prices is _ is trying to stimulate? hopefully higher prices is going _ is trying to stimulate? hopefully higher prices is going to - is trying to stimulate? hopefully higher prices is going to be - is trying to stimulate? hopefully higher prices is going to be a - higher prices is going to be a strong incentive for companies to invest, particularly in the uk, because historically there has been a good relationship between the government in the industry, particularly if you look at other countries around the world, but if you go to increase the tax burden the capital is likely to go elsewhere, so i think that without the tax, pricing is going to be strong enough for these companies to invest in the north sea. what invest in the north sea. what happens if — invest in the north sea. what happens if the _ invest in the north sea. what happens if the prices - invest i

sunak are not— like michael gove and rishi sunak are not so— like michael gove and rishi sunak are not the union in — worried about the sanctity of the union in the future, but also the economic— union in the future, but also the economic impact, ending the protocol would _ economic impact, ending the protocol would result in retaliatory action from _ would result in retaliatory action from the — would result in retaliatory action from the eu, and at a time when we have got— from the eu, and at a time when we have got rising inflation, stalling growth, — have got rising inflation, stalling growth, the cost of living crisis, doing _ growth, the cost of living crisis, doing something else that would have a pernicious economic impact is not top of— a pernicious economic impact is not top of the _ a pernicious economic impact is not top of the government's agenda right now, top of the government's agenda right now. but— top of the government's agenda right now, but the northern irish unionists are not going to go back in, unionists are not going to go back in. and _ unionists are not going

rishi sunak— income tax cut by a year. rishi sunak and _ income tax cut by a year.sisting major spending. the chancellor often does as they try to balance the books. i think realistically, we are going to see more _ realistically, we are going to see more of— realistically, we are going to see more of this. something is going to have to _ more of this. something is going to have to budge in the next couple of months _ have to budge in the next couple of months if not sooner or this will have _ months if not sooner or this will have to — months if not sooner or this will have to come out. if it's not big enough, tory mps are going to be despairing, really, before it, he has to— despairing, really, before it, he has to come out and sort of show what _ has to come out and sort of show what kind — has to come out and sort of show what kind of tory he is and that he can deliver— what kind of tory he is and that he can deliver for the nation. the front page _ can deliver for the nation. the front page of _ can deliver for the nation. the front page of the _ can deliver fo

rishi sunak says he wants to help those for whom the struggle is too hard. government is finally making us feel like we are being listened to and i actually feel - like we are being taken care of, for a change. i the chancellor is rasing some of the cash from a one—off tax

borisjohnson has promised to look at all the measures needed, but chancellor rishi sunak warned it wasn'tpossible to protect people completely from what he called "global challenges". our economics editor faisal islam has more details. when prices rise this fast, it hits everyone, its effects seen in every street, office and household in the country, including here in lancashire. lowri recently ran her own business. now, after the pandemic, she finds money running out as bills get more expensive and even essential car journeys become too pricey. what's worrying me at the moment is gas and electric, because i got in arrears, because i didn't have enough money coming in for so long, i have no control over what they're going to take. so if you were to do the maths, when i looked at the bank this morning, there was, i think, £335 left in my bank and i need to pay my mortgage. and ijust thought, "oh, my god!" lowri used to donate to food banks, and now she's advised to use them, as the energy crisis compounds the effect of the covid pandemic. it's like hustling the hardest you can hustle every

very much the rishi sunak line.boris johnson's interview this _ that. i thought boris johnson's interview this morning - that. i thought boris johnson's interview this morning when . that. i thought boris johnson'sl interview this morning when he that. i thought boris johnson's - interview this morning when he was painting _ interview this morning when he was painting those pictures with the children— painting those pictures with the children and he was pushed in that direction _ children and he was pushed in that direction and that would've been an opportunity to dangle a carrot if something was coming. but it really didn't— something was coming. but it really didn't seem to be there. last something was coming. but it really didn't seem to be there.— didn't seem to be there. last week he ushed didn't seem to be there. last week he pushed the _ didn't seem to be there. last week he pushed the idea _ didn't seem to be there. last week he pushed the idea of— didn't seem to be there. last week he pushed the idea of a _

rishi sunak promises more help to tackle the cost-of-living crisis, and says the brexit settlement in northern ireland is causing more harm. more from our interview this hour. anna: the last trading session of the week. let's have a look at the futures picture. it is positive. we are expecting that turnaround in u.s. stocks will work its way across the atlantic. so we see futures pointing higher for the start of friday's trade. tom: some calm arguably from jay powell, committing again to 50 basis points and reiterating 75 basis points is not being actively considered by the fomc. the s&p 500, gyrations that we saw yesterday, just a reminder, you are down on that index 70% year to date. citi saying that u.s. equities are coming out of bubble territory. in the first few seconds of this friday open, the ftse 100 gaining .8%. the cac 40 also higher. in germany after heavy losses, the dax is up .7%. and the spanish ibex higher by around 55 points. let's see how things are playing out across as it with our focus in the tech heavy nasdaq sector. and volatility across the fx space this week h

rishi sunak i'm saying is going to do more in the autumn clearly has decided more to be done now.ould expect from a conservative chancellor who says he is interested in fiscal conservatism and curbing inflation. he is spending more. if you look at the amount of money he is spending universally that figure comes at a £15 billion in the additional money he has in a survey so that is going to everybody in the form of that £a00 million discount we're going to get on the bills and the key is that we won't have to repay it as previously we would have had to repay it. £a00 for every household who pays the bills and then in addition to that you have targeted support far more than most people anticipated, £9 billion of targeted support, things like the £600 billion that is going to go into a billion households that receive benefits. that is exactly the sort of thing that anti—poverty charities like thejoseph rowntree foundation were causing, calling for is the best way to relieve those hardest hit by the cost crisis are really here you were looking at a conservative government wants to say

it is a choice for rishi sunak. and how - investment... it is a choice for rishi sunak.to it because they have to?— starting to look into it because they have to? starting to look into it because the have to? ., , ., , they have to? know, they have been doin: it they have to? know, they have been doing it over— they have to? know, they have been doing it over the _ they have to? know, they have been doing it over the last _ they have to? know, they have been doing it over the last two _ they have to? know, they have been doing it over the last two decades i doing it over the last two decades and have really accelerated that under the new chief executive. if you look at the figures they have announced today, they are going to invest in the uk alone more in renewables than in oil and gas. they are doing both, but the shift is under way. are doing both, but the shift is underway. but are doing both, but the shift is under way. but it is not instant. the uk economy still needs, 80% of our energy needs are met by oil and gas, and bp is one of the people who have to meet them,

more partygate — rishi sunak has put it. more partygate stories _ rishi sunak has put it. more partygate stories over the l rishi sunak has put it. more partygate stories over the weekend. what is your assessment of confidence in the prime minister as the start of the new week? it will be a week _ the start of the new week? it will be a week where _ the start of the new week? it will be a week where mps _ the start of the new week? it will be a week where mps are - the start of the new week? it will be a week where mps are back. the start of the new week? it will be a week where mps are back inj be a week where mps are back in their constituencies, parliament is in recess, mulling over the sue gray report and what it means for the conservative party and the government. a couple more tory backbenchers came out at the weekend saying they no longer have confidence in the prime minister. we have had a few names since the sue gray report came out. there needs to be 5a who take the decision to write a letter to the chairman of the backbench 1922 a letter to the chairman of the b

chancellor rishi sunak speaking in the house of commons. let's get the brick and with? , jp morgan -- let's get the breakdown with christyan malek, jp morgan. what companies are most exposed to this? christyan: the majors, bp, shell, and total, but also the companies with smaller revenue lines are going to be more disproportionate given they are more focused on the u.k. as a revenue stream, where is the majors are more diverse. guy: have we already priced into the stocks? they have taken a hit. is this already and? christyan: it is a great question. most of the income of the past few weeks is what about the windfall tax. clearly the cash flow here is not that material, particularly as we have very high oil prices potentially for longer, but from another perspective, the question is what does this mean for government intervention going forward for the u.k., but also globally. the point around travel and arrival with this is even this has been a theme for some time, a question of whether this is more of a relief. alix: we are seeing this with -- christyan: in some ways it

rishi sunak i think is yet to be persuaded.e. but i think for many, many people who are really struggling it's hard to see why you wouldn't go ahead and do something on these billions and billions of unexpected profits that are not being passed on to consumers in terms of cheaper energy or cheaper fuel. ., , �* fuel. nigel, it doesn'ti geologically _ fuel. nigel, it doesn't i i geologically conservative, fuel. nigel, it doesn't i - geologically conservative, is it? fuel. nigel, it doesn't i _ geologically conservative, is it? is it something they can overcome for the sake of tackling the cost of living crisis? i the sake of tackling the cost of living crisis?— the sake of tackling the cost of living crisis? i think they might have to. you _ living crisis? i think they might have to. you are _ living crisis? i think they might have to. you are absolutely - living crisis? i think they might i have to. you are absolutely right, it's not _ have to. you are absolutely right, it's not conservative, which is why an awful_ it's not con

we heard much the same on the general earlier, from former chief inspector for the paper also says rishincellor is scrambling to finalise a packet of measures that could be announced more likely on thursday to tackle the cost—of—living crisis. it's those rising living costs that are on the front page of the i after the energy regulator offjim warned price could rise 4% almost £3000. the telegraph -- 40. rise 4% almost £3000. the telegraph —— a0. energy companies rise a% almost £3000. the telegraph —— a0. energy companies within days to help fund support for those struggling with their bills. in the financial times that shares of some of britain's biggest energy companies fell yesterday. as will ball rumours spread. let's kick off. do you want to start us off with the metro? i said unflattering picture on the front of the guardian. it's on the front of the guardian. it's on the front of the guardian. it's on the metro to. it's not the kind us. it's too good to resist on a night like theirs. i think there is always a sport at finding unflattering photos of politicians. the picture editors

rishi sunak says he wants to help those for whom the struggle is too hard.there's more than £1000 for the poorest households. this government will never stop trying to help people. to fix problems, to fix problems where we can, to do what is right. today it feels like the chancellor has finally realised the problems the country are facing. zoe is on universal credit. she's already wondering how she and her daughter will get through the summer, so has the chancellor come to the rescue? i am over the moon that— the government is finally making us feel like we are being listened to and i actually feel - like we are being taken care of, for a change. i the chancellor is rasing some of the cash from a one—off tax on oil and gas companies. we'll have their reaction, too. also tonight... the texas primary school mass shooting — questions about how long it took for police to challenge the gunman. up to an hour, some say. the actor kevin spacey has been charged with four counts of sexual assault against three men. the allegations date back to when he was in the uk. a

so it begs the question what does borisjohnson and rishi _ the question what does borisjohnson and rishieve, — and rishi sunak have up their sleeve, really, to help people who are making huge sacrifices already, energy— are making huge sacrifices already, energy bills that are already at an all-time _ energy bills that are already at an all—time high at the moment and going _ all—time high at the moment and going to — all—time high at the moment and going to increase later this year around — going to increase later this year around october time, and obviously, you know. _ around october time, and obviously, you know, we understand that things are increasing because of issues like the — are increasing because of issues like the ukraine crisis, but equally we shouldn't have to wait for the government to try and come up with plans— government to try and come up with plans like _ government to try and come up with plans like cutting how many people are working in the civil service in order— are working in the civil service in order to — are working in the civil service in order to make a bit

sunak put out, the idea that they can — rishi sunak put out, the idea that they can call themselves is, this is now— other tory mps are saying is, this is now beginning to damage the party _ is now beginning to damage the party. now, actually, ithink a is now beginning to damage the party. now, actually, i think a lot of people — party. now, actually, i think a lot of people would identify that already, certainly a lot of the polling — already, certainly a lot of the polling suggests that the brand of both borisjohnson and polling suggests that the brand of both boris johnson and the conservative party has been very damaged — conservative party has been very damaged by events over the last few months _ damaged by events over the last few months. and also, i think the narrative _ months. and also, i think the narrative that people are beginning to construct around the conservative party. _ to construct around the conservative party. and _ to construct around the conservative party, and don't forget, that is arguably— party, and don't forget, that is arguably the thing that is the har

with clear evidence of a worsening cost of living crisis for millions of households, the chancellor, rishinak, has unveiled a new support package worth £15 billion. it will be funded in part by what he called a "temporary, targeted energy profits levy" — in other words, a windfall tax on the energy companies, a policy the government has resisted until now. these are the main elements of the package. all households — regardless of income — will receive a grant of £400 towards their energy bills. plans for loans have been binned. on top of that, those on the lowest incomes — around 8 million households — will receive a one—off payment of £650. and pensioner households receiving the winter fuel allowance will also receive an extra one—off payment of £300. people receiving disability benefits which are not means tested will also receive an extra payment of £150. as i said, part of the cost will come from a temporary windfall tax of 25% on the profits of energy companies, expected to raise £5 billion a year and which could last until 2025. labour said the chancellor had finally been forced to a

cost of living here in the uk because, as we were anticipating this time yesterday, the chancellor rishiak has announced a financial support package to help people with soaring bills. the 15 billion pound plan will be funded, in part, by what he called a temporary, targeted energy profits levy. in other words, a windfall tax on the energy companies, a policy the opposition labour party have been calling for, but the government has resisted, until now. all households, regardless of income, will receive a grant of £400 towards their energy bills, which won't have to be paid back. on top of that, those on the lowest incomes, around eight million households, will receive a one—off payment of £650. and pensioners receiving the winter fuel allowance will also get an extra one—off payment of £300. those receiving disability benefits will get an extra £150. the bbc�*s political editor chris mason has been speaking to rishi sunak about the shift in policy towards a windfall tax. we have announced £15 billion in support to help with the cost—of—living, with a third of all households, vulnerable, r