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Oct 15, 2022
10/22
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simon jack has been analyzing the numbers. >> the sequence of events that led to the chancellor sackingther major u-turn on policy started on september 23 when he delivered his not so mini budget that contain huge tax cuts with no detail on how they would be paid for and no analysis on whether the numbers would add up. in total, he announced 45 billion pounds in unfunded tax cuts. then came the u-turns. first, abolishing the 45 p tax rate saving 2 billion pounds. proceeding with the big rise in corporation tax they had planned to scrap, saving 18 billion pounds. and bringing it to late october. this is how financial markets have responded. this shows how much it cost the government to borrow money for the long-term. this is the announcement here on september 23 of the mini budget. interest rates sort. this is when the bank of england had to intervene to calm down the market. that intervention ends today. that came down. interest rates aga began to rise. this is today. this is the reaction to the government u-turn and corporate tax --on the corporate tax. tonight, borrowing costs are hig
simon jack has been analyzing the numbers. >> the sequence of events that led to the chancellor sackingther major u-turn on policy started on september 23 when he delivered his not so mini budget that contain huge tax cuts with no detail on how they would be paid for and no analysis on whether the numbers would add up. in total, he announced 45 billion pounds in unfunded tax cuts. then came the u-turns. first, abolishing the 45 p tax rate saving 2 billion pounds. proceeding with the big...
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Oct 27, 2022
10/22
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simon jack, our business editor. to inherit her estate. jemma mitchell killed mee kuen chong at her home in north—west london injune last year, before putting her body into a suitcase and driving to devon to dispose of it. 0ur correspondent helena wilkinson reports. this isjemma mitchell leaving her home, which is in a desperate state of disrepair. she needs money to fix it. she is dragging a suitcase, which she will use hours later to put herfriend's body inside after having murdered herforfinancial gain. mee kuen chong, known as deborah to herfriends, met mitchell through the church. after mitchell murdered miss chong, she kept her body for 15 days. she then drove more than 200 miles to the picturesque resort of salcombe in devon, where she dumped it in woodland. charlotte rowlings was with family on holiday when they found the body. go ahead, caller, - what is your emergency? i've just found a body. are they breathing? no, they're dead. they look like they have, um, possibly been there for a few days. police! and
simon jack, our business editor. to inherit her estate. jemma mitchell killed mee kuen chong at her home in north—west london injune last year, before putting her body into a suitcase and driving to devon to dispose of it. 0ur correspondent helena wilkinson reports. this isjemma mitchell leaving her home, which is in a desperate state of disrepair. she needs money to fix it. she is dragging a suitcase, which she will use hours later to put herfriend's body inside after having murdered...
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Oct 12, 2022
10/22
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simon jack, our business _ about the medium-term plan. latest information to do with the economy and the latest political news from westminster online. a nurse accused of murdering babies on a neonatal ward tried four times to kill a premature baby girl before succeeding, a court has heard. lucy letby is charged with murdering seven babies and attempting to murder ten others at the countess of chester hospital in 2015 and 2016. she's denied the charges. our north of england correspondentjudith moritz is outside manchester crown court. yes, the court has continued here in detail about the 17 babies as the prosecution continue to open their case. we are not referring to those babies by name for legal reasons, so we are using an alphabetical system. today the court spent quite some time hearing about the case of baby l, time hearing about the case of baby i, a premature little girl. nick johnson casey, who was prosecuting, told the jury that even by the extremes of this trial, hers is a particularly extreme case. he explained that it is the
simon jack, our business _ about the medium-term plan. latest information to do with the economy and the latest political news from westminster online. a nurse accused of murdering babies on a neonatal ward tried four times to kill a premature baby girl before succeeding, a court has heard. lucy letby is charged with murdering seven babies and attempting to murder ten others at the countess of chester hospital in 2015 and 2016. she's denied the charges. our north of england correspondentjudith...
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Oct 28, 2022
10/22
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he is simon jack again. >> 90% or more of shell's profits are made outside u.k..xed by other jurisdictions. it is very hard to double tax them. second, they are already paying 65% on any profits they make in the u.k. what is the right profit -- number, 70%, 100%? it is tempting to see simple solutions to what are sometimes complex problems. karin: let's turn now to the qatar world cup, which gets going in less than a month. australia's national football team released a video criticizing qatar's human rights record. it is the first team to do so. the australian players criticized qatar's treatment of migrant workers and the lgbtq committed to. >> weearned the decision to host the world cup in qatar resulted in suffering from these workers. >> these migrant workers who suffered a not just numbers. they possess the same courage and determination to build a better life. >> we fully support the rights of the lgbtqi plus people. i did qatar, people are not free to love the person they choose. karin: the controversy something -- surrounding qatar on human rights has been
he is simon jack again. >> 90% or more of shell's profits are made outside u.k..xed by other jurisdictions. it is very hard to double tax them. second, they are already paying 65% on any profits they make in the u.k. what is the right profit -- number, 70%, 100%? it is tempting to see simple solutions to what are sometimes complex problems. karin: let's turn now to the qatar world cup, which gets going in less than a month. australia's national football team released a video criticizing...
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Oct 21, 2022
10/22
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simon jack, bbc news. the bbc�*s economics editor faisal islam has been looking at this, too.experiment that failed catastrophically, elements of it could have worked if the timing hadn't been so bad. it was typified by this book that they — booklet — that they wrote "britannia unchained". now, it certainly was an experiment, and it certainly didn't work — i think it's fair to say. but i think they could have got a lot of these policies through in retrospect, had they been a bit calmer, a bit slower, had they acknowledged — as they did — that global conditions were rough. that's probably a reason to be a bit more cautious than a bit more radical. but i think the big thing here, and where there might be lasting damage, is that britain is a country that is dependent on the kindness of strangers. we have what's known as twin deficits, both in terms of our borrowing and in terms of our trading position, and the world has been willing to forget that because we've had very strong institutions. those institutions have been damaged over the past 44 days, and the world is now noticing
simon jack, bbc news. the bbc�*s economics editor faisal islam has been looking at this, too.experiment that failed catastrophically, elements of it could have worked if the timing hadn't been so bad. it was typified by this book that they — booklet — that they wrote "britannia unchained". now, it certainly was an experiment, and it certainly didn't work — i think it's fair to say. but i think they could have got a lot of these policies through in retrospect, had they been a...
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Oct 20, 2022
10/22
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simon jack, bbc news. faisal islam is with me now.ened up. if we step back from this, an extraordinary 44 days now, the lesson is if you are going to be radical in economic terms, make sure you look competent and credible and stable and probably don't do it at a time when the global economy is looking a bit shaky because that was too much for the markets. essentially, this radicalism put a target in terms of british assets. so i think the other issue here is the calmness we have seen over the past three or four days is predicated on a set of assumptions around jeremy hunt's leadership at number 11, around jeremy hunt's leadership at number11, around a around jeremy hunt's leadership at number 11, around a set of policies to fund the unfunded tax cuts, cancel most of them, find the spending cuts over the next couple of weeks. and the question now is are we sure that of the leadership contenders, they will stick to that? you can imagine perhaps almost all of them saying we stand byjeremy hunt's plan. but to the extent they don't, that i
simon jack, bbc news. faisal islam is with me now.ened up. if we step back from this, an extraordinary 44 days now, the lesson is if you are going to be radical in economic terms, make sure you look competent and credible and stable and probably don't do it at a time when the global economy is looking a bit shaky because that was too much for the markets. essentially, this radicalism put a target in terms of british assets. so i think the other issue here is the calmness we have seen over the...
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Oct 20, 2022
10/22
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simon jack, bbc news. joining me is our economics editor, faisal islam.y happy that liz truss is going? there was a gentle bounce in stirling _ truss is going? there was a gentle bounce in stirling when _ truss is going? there was a gentle bounce in stirling when the - bounce in stirling when the resignation was announced and borrowing costs came down more, but actually _ borrowing costs came down more, but actually since some more uncertainty about— actually since some more uncertainty about who _ actually since some more uncertainty about who might replace has been out there in— about who might replace has been out there in politics from westminster you have seen those things kind of go back_ you have seen those things kind of go back and they are pretty much where _ go back and they are pretty much where they were this morning —— gentle _ where they were this morning —— gentle bounce in sterling. the calm we have _ gentle bounce in sterling. the calm we have seen in the markets that certainly — we have seen in the markets that certainly hasn't been the
simon jack, bbc news. joining me is our economics editor, faisal islam.y happy that liz truss is going? there was a gentle bounce in stirling _ truss is going? there was a gentle bounce in stirling when _ truss is going? there was a gentle bounce in stirling when the - bounce in stirling when the resignation was announced and borrowing costs came down more, but actually _ borrowing costs came down more, but actually since some more uncertainty about— actually since some more uncertainty about...