simonjack, bbc news, hastings.with energy—saving tips on thejeremy vine show on radio 2 from midday tomorow. and we'll be in sunderland all day finding out how the rise in the cost of living is affecting you. that's a special day of coverage — the cost of living: tackling it together. a bbc investigation has found that maternity care in the east kent hospitals nhs trust remains fraught with problems, despite an independent inquiry into the scandal. a report into the care provided to women and babies between 2009 and 2020 at the trust will be published tomorrow and debated in parliament. 0ur social affairs correspondent michael buchanan first reported on the concerns in east kent more than two and half years ago and has followed the story of many families who have been affected ever since. yes? yes... jamie goddard is a healthy, thriving, month—old baby. his parents stacey and steve are naturally delighted, as well as extremely thankful because jamie nearly died. last month stacey went to the queen elizabeth the que

simonjack.i, has said that no one should dare think they can overturn the islamic republic, as anti—government protests enter a fifth week. in the us, president biden has reiterated his support for the demonstrations. he called on iran's leaders to end the violence against their own citizens and added that women should be able to wear what they wanted. lyse doucet reports. brandishing headscarves, burning them can get you arrested. hundreds have been detained. this may seem so ordinary, but even walking without compulsory hijab can have consequences. dounir, in a white shirt eating breakfast, went to prison after she posted this photo. across iran over the past month, there have been unprecedented scenes like this. and this, too. schoolgirls ripping photos of iran's leaders. this defiance spread across society, across generations, on wider issues. and security forces have shot back, with tear gas, metal pellets, live fire. 0ne protester who, like most, hides her identity, told us it's no longer

our business editor simonjack reports.year low. the bad news is that means workers are harder to find, which is holding back companies like this bristol based waste management company. recruitment difficulties are making it harder to take on extra work, and it really limits our ability to grow, which we definitely want to grow. we have so much potential. they're struggling to hire, even after offering a 20% pay rise for some roles. that's not an option in the public sector, which is also struggling to recruit and where pay rises are below private company offers and well below inflation. you've got your two days shifts of nine hours each. firefighter and union rep amanda mills, says she understands the attraction of higher paid, less riskyjobs. with our 5% pay offer that we've just been offered, people are wondering how they're going to make their wages stretch, and if they can get employment elsewhere that pays more, there is not much competition, unfortunately. although the percentage of those able and willing to work who

simonjack there.pital because there isn't any social care provision for them in the community is increasing. it means the health and social care system in england is gridlocked, according to the care quality commission, which regulates it. the cqc says staff shortages are one of the main reasons. there are 300,000 unfilled jobs — more than half of them in social care. it says half a million people are waiting for council care services. and three in five patients end up stuck in hospital waiting for support in the community. here's our social affairs editor, alison holt. the realities of the gridlocked health and care system described in today's report by the regulator are being felt in many places in england, including here in north yorkshire. all right, mum, here's your lunch. and for those who need support and their families, that can be a nightmare. mamie once travelled the world with her husband. i liked walking and dancing. yes, i've had a good life. now, at 91, she has mobility problems, dementi

simonjack, bbc news, bristol.ung, who's at westminster for us this evening. the chancellor has been taking questions from mps for the first time since his mini budget. what you make of the mood of the party right now? . . ., make of the mood of the party right now? ., . ., , , now? the chancellor himself being uuite now? the chancellor himself being quite careful— now? the chancellor himself being quite careful in _ now? the chancellor himself being quite careful in what _ now? the chancellor himself being quite careful in what he _ now? the chancellor himself being quite careful in what he says - quite careful in what he says because he knows it is notjust the markets but his own mps who need to have confidence in his plans. he talked about the country today having to live within its means. conservative mps and others are asking how are you going to do that? how will you make the numbers add up when you have announced all this extra borrowing? it is making his mps nervous. they were pointed questions from his sid

simonjack has simon jack has more simonjack has more details.d businesses are creating bumper profits at the companies that sell it. shell made £8.2 billion in the three months to the end of september. that is more than double what it made last year and so far this year it has made £26 billion. and here is why. this is the oil price — you can see there the spike after russia invaded ukraine — remained high for several months before falling recently. this is gas — shooting up to eight or even ten times its long term average price. companies like shell are prospering from circumstances and prices they didn't control or expect. so little wonder there are calls to tax thes massive profits. families are really struggling, considering how to turn off the heating and keep a roof over their children's et and food on the table this winter which is why they come it us to act. no more excuses, impose a higher windfall tax. but is is not straightforward — the vast majority of shell's income and profits come from outside the uk. they have operations in 70 co

i took them to simonjack. well, his first priority is to sustain the confidence of the markets.government government borrowing costs are going down, which is so important, if you can bring the cost of government borrowing down, the hole you are trying to fill will get smaller and smaller. his options, though, are limited in the sense that he if he is going to make those sums add up, at some point eventually you can only only do that two ways, either through tax rises or through spending cuts. but the word "eventually" is really important. there is no need for him to do something immediately. we are not going to see an nhs budget cut tomorrow. no, we are not going to see big tax rises or spending cuts probably this side of an election. he will set out his plan over the next five years, and what usually happens is that it is treasury, finance ministry sleight of hand, to do all the big changes at the back end of that process. there is an economic reason for doing that, which is you don't want to suck money out of the economy right now, because government spending is a big part of

our business editor, simonjack, has been analysing the numbers.r's sacking and another major u—turn on tax policy started on september 23rd, when kwasi kwarteng delivered his not—so—mini budget that contained huge tax cuts, with no detail on how they would be paid for, and no analysis from the budget watchdog on whether the numbers could add up. in total, it announced £45 billion in cuts — then came the u—turns. abolishing the 45p tax rate for high earners — scrapped — saving £2. scrapped — saving £2 billion. proceeding with a big rise in corporation tax they had planned to scrap — saving £18 billion. that still leaves 25 billion of that 45 billion unfunded. it is how the financial markets have responded. this shows how much it cost the government to borrow money long—term. this is september the 23rd, and you can see borrowing costs begin to soar. the bank of england has to get involved to intervene took calm the markets. that worked at first, and in interest rates began borrowing to go up again. and today, you can see here about this is the react

our business editor simonjack is here.s sacking and another major u—turn on tax policy started on september 23rd, when kwasi kwarteng delivered his not—so—mini budget that contained huge tax cuts, with no detail on how they would be paid for, and no analysis from the budget watchdog on whether the numbers could add up. it announced £45 billion in cuts — then came the u—turns. first, abolishing the 45p tax rate for high earners — scrapped — saving £2. billion. proceeding with a big rise in corporation tax they had planned to scrap — saving £18 billion. and bringing forward the independent budget watchdog report from late november to late october. this is how the 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 the 23rd november of the mini budget. interest rates soared. this is when the bank of england had to intervene to calm the markets. that intervention ends today. and this is the reaction to the government u—turn on corporat

our business editor simonjack is here to explain more.gas prices that are squeezing household and businesses are creating bumper profits at the companies that sell it. shell made £8.2 billion in the three months to the end of september, that's more than double what it made in the same period last year. so far this year it has made £26 billion. and here's why. this is the oil price. you can see there the spike after russia invaded unkraine. it remained high for several months before falling recently. this is gas, shooting up to eight or even ten times it's long—term average price. companies like shell prospering from circumsatnces and prices they didn't control or expect. so little wonder there are calls to tax thes massive profits. but it's not straightforward — the vast majority of shell's income and profits come from outside the uk. they have operations in 70 countries and those operations are taxed in those countries. on their uk operations they already pay much higher taxes face much higher taxes than other companies. they pay a highe

simonjack, our business editor.that a nurse accused of murdering babies on a neonatal ward tried four times to kill a premature baby girl before succeeding. lucy letby is charged with murdering seven babies and attempting to murder 10 others at the countess of chester hospital in 2015 and 2016. she's denied the charges. our reporter rowan bridge joins me now from outside manchester crown court. just bring us date with what's been happening today in court. meiji just bring us date with what's been happening today in court. well today was day three _ happening today in court. well today was day three of _ happening today in court. well today was day three of the _ happening today in court. well today was day three of the prosecution - was day three of the prosecution outlining their case against the nurse lucy letby at crown court. we're distressing evidence across the whole of today. in court we heard how time and time again babies who were doing well with suddenly and unexpectedly suffer life—threatening episodes or

our business editor simonjack is here.r's sacking and another major u—turn on tax policy started on september 23rd when kwasi kwarteng delivered his not—so—mini budget that contained huge tax cuts with no detail on how they would be paid for and no analysis from the budget watchdog and whether the numbers could add up? in total — it announced £16 billion in cuts — then came the u—turns. abolishing the 45p tax rate for high earners — scrapped — saving £2 billion. proceeding with a big rise in corporation tax they had planned to scrap — saving £18 billion. but still that leaves £25 billion of the tax cuts unfunded. the other measure was to bring forward the independent budget watchdog report from late november to late october. this is how the financial markets have responded during that time. this shows how much it costs the government to borrow money for 30 years. you can see, this is the announcement of the minibudget, this is when the bank of england had to intervene to calm the markets. that intervention ends today and t

with the phrase — and its policies — now on the scrapheap, our business editor simonjack takes a look — of trussonomics. can we afford these tax cuts, chancellor? the road to liz truss�* demise arguably started here — the not—so—mini budget that she and her chancellor announced with great fanfare. and i commend it to the house. trussonomics — massive tax cuts, lighter regulation equals higher growth. but there was a problem — there was no explanation of how £45 billion in tax cuts would be paid for, and no analysis from the budget watchdog as to whether the sums added up. but the chancellor was defiant, and promised more giveaways over that weekend. there's more to come. we've only been here 19 days. i want to see, over the next year, people retain more of their income. the financial markets didn't like it one bit — they thought it showed a reckless approach to the public finances. the pound — already weak — fell to its lowest level in history against the dollar. the cost of government borrowing rose so quickly, the bank of england had to get involved, and that pushed up other borrowi

our business editor simonjack is here to explain more. and what does it mean for you? the big problems are in the government bond market. so, what is a bond? bonds are a bit like an "i owe you" from the government. it borrows money and promises to pay it back with interest. they are seen as a very safe investment — it's assumed the government will always pay it back. these bonds are bought and sold — it's a very big market — and it's been unusually volatile — why? well, last month the government promised huge tax cuts without explaining how it would pay for them. this means that meant those ious — those bonds — looked riskier. this means investors want more interest to justify the extra risk. so the cost of government borrowing rose at its fastest rate over a short period ever. pension funds are big buyers of government bonds and hold on to them for years. but some specialist pension fund managers have used them as collateral to borrow cash now from banks to be able to pay out on pension promises. when the value of that collateral started

our business editor simonjack takes a close look now at state of the economy.still come in for diy essentials, but he's noticed they're holding off on bigger—ticket items, and he's having to absorb higher costs to keep his prices down. we cannot pass on all of the price rises that our suppliers are charging us. if we did, we simply wouldn't sell them. it's all about people's confidence, and they simply are being very careful with the way they spend money at the moment. and neil's experience tallies with the latest official figures, which shows that retail sales fell 1.4% in september. for the first time, we are buying less than before the pandemic. now, while consumer spending is falling, government spending is rising. in september alone the government borrowed £20 billion — that's the second highest number for september on record, and interest on government total debt rose to nearly £8 billion. that's nearly twice what the uk spends on defence per month. and the interest rate of government borrowing has quadrupled nearly since the beginning of this year, from

our business editor simonjack is here.nt they are going to end on friday this emergency intervention on the bond markets? that was always the plan. it was a short—term emergency programme to fight what was an outbreak of instability in the financial market which threatened some bits of the pension industry, not a huge part of it, but an important part. they came in and said, we will buy up these bonds so that they are not sold off in a fire sale and create disorder in a fire sale and create disorder in the financial markets. but they were not trying to bring interest rates down. this was not an exercise in bringing interest rates down, it was about financial stability. they are going to end that this friday. what has happened in the bond markets, the cost of government borrowing, which has a massive knock—on effect for all of us, it dictates the price of our mortgages, is that the cost of government borrowing, which did come down when the bank of england got involved, has slowly crept right back to where it was before the

our business editor, simonjack, joins me now. economy? the big word here is growth. that is the governments number one priority. you saw in that package that a lot of businesses are finding it hard to recruit staff, so hard in fact that they are having to turn away new business. so they are certainly not going their economy. so the labour market and the tightness of it and the difficulty of hiring people is a big problem for growth. the other one is that interest rates have been rising significantly, to the extent that the bank of england had to get involved again this morning to do an emergency bond buying programme to try and calm the markets down. at that mini budget, a lot of the financial markets said, we don't see how the numbers add up. if interest rates go up, that is bad for refinancing and new borrowers and it is bad for corporations, companies would like to borrow to invest to grow the economy. so on two fronts, you have impediments to growth, which puts the emphasis now on the chancellor to come up with some reforms w

here's simonjack again. 90% or more of shell's profits are made outside the uk.its they make in the uk. so what's the right number — 70,100? they've also committed to spending £20—25 million over the next decade here in the uk, mainly on renewable or low carbon energy. if you get to something like 90—100%, you've got to wonder whether all of that would actually happen. so very tempting to see the target on the company's backs, but you know, it's tempting to see simple solutions to what are sometimes complex problems. a highly—anticipated memoir by the duke of sussex, billed as a book of "raw, unflinching honesty", is to be published in the new year. prince harry's book is called "spare" — a reference to the phrase the "an heir and a spare" — and will be released globally on january 10th. it had been expected to hit book shelves this autumn. there's been speculation that the date was pushed back as a mark of respect after the death of the queen — and also it's rumoured to make changes to the publication and remove potentially damaging material. here's the view of

i'mjoined now by simonjack, the bbc business editor.?— seem to be the course of his defenestration? their massive reaction to _ defenestration? their massive reaction to the _ defenestration? their massive reaction to the mini _ defenestration? their massive reaction to the mini budget i defenestration? their massive | reaction to the mini budget has prompted events that have taken such a pace at the moment. weirdly in the market very little movement. usually the sacking of a chancellor is a big market moment, particularly when you are on your fourth won this year. that implies they have priced it in already. i that implies they have priced it in alread . ~ , that implies they have priced it in alread . ~' , ., , already. i think they have focused on the policy. _ already. i think they have focused on the policy, not _ already. i think they have focused on the policy, not the _ already. i think they have focused on the policy, not the person, i already. i think they have focused| on the policy, not the person, and they are encouraged by

our business editor, simonjack, has the details.oes it mean for you? the big problems are in the government bond market. what is a bond? bonds are a bit like an i owe you from the government. it borrows money and promises to pay it back with interest. they are seen as a very safe investment. it's assumed the government will pay it back. these bonds are bought and sold, it's a very big market, and it's been unusually volatile. why? well, last month the government promised huge tax cuts without explaining how it would pay for them. this means that those ious — those bonds — looked riskier. this means investors want more interest to justify the extra risk. so the cost of government borrowing rose at its fastest rate over a short period ever. pension funds are big buyers of government bonds and hold onto them for years. but some specialist pension fund managers have used them as collateral to borrow cash now from banks to be able to pay out on pension promises. when the value of that collateral started to plummet those banks wanted more

our business editor simonjack is here.ember 23rd, when kwasi kwarteng delivered his not—so—mini budget that contained huge tax cuts, with no detail on how they would be paid for, and no analysis from the budget watchdog on whether the numbers could add up. it announced £115 billion in cuts — then came the u—turns. abolishing the 45p tax rate for high earners — scrapped — saving £2. proceeding with a big rise in corporation tax they had planned to scrap — saving £18. and bringing forward the independent budget watchdog report from late november to late october. this is thousand markets have responded. this shows how much it cost the government to borrow more the longer the, this is the an nousments here on 23rd november. 23rd november this is the announcement of the mini budget, this is when the bank this is when the bank of england had to intervene to calm the markets. that intervention ends today. and this is the reaction to the government u—turn on corporation tax. bob rows corresponds borrowing costs are higher than las

our business editor simonjack is with me.e energy profits.— we heard calls for further taxes on these energy profits. when you make £26 billion in — these energy profits. when you make £26 billion in the — these energy profits. when you make £26 billion in the first _ these energy profits. when you make £26 billion in the first nine _ these energy profits. when you make £26 billion in the first nine months i £26 billion in the first nine months of the year, it is totally understandable that people are calling for them to be taxed more highly. three things to point out, 90% or more of shell's profits are made outside the uk, they are taxed by otherjurisdictions. heart attacks among profits made in the us, indonesia or elsewhere. they are already paying 65% on any profits made in the uk. what is the right number? 70,100? they have made in the uk. what is the right number? 70, 100? they have also committed to spending £20 billion, £25 billion on renewables and low carbon energy. when you get to something like 90% you have to won

millions of people with more expensive mortages that sparked her rapid decline, as our business editor simonjacktion of how it would be paid for and no analysis from the budget watchdog as to whether the sums add up. but the chancellor was defiant and promised more giveaways over that weekend. there is more to come. we have only been here 19 days. i want to see over the next year people retain more of their income. the financial markets didn't _ more of their income. the financial markets didn't like _ more of their income. the financial markets didn't like it, _ more of their income. the financial markets didn't like it, they - more of their income. the financialj markets didn't like it, they thought it showed a reckless approach to the public finances. the pound fell to its lowest level in history against the dollar. the cost of government borrowing rose so quickly, the bank of england had to get involved and that. other borrowing costs, mortgage rates which were already rising spiked even higher with the cost of an average two—year deal now over 6.5%. the markets gave a massive thumbs down. s

our business editor simonjack has the details.ncellor announced with great fanfare. trussonomics. fight night but there was a problem. —— but there was a problem. they promised £16 billion worth of growth boosting tax cuts, but there was a problem. there was no explanation of how it would be paid for and no analysis from the budget watchdog as to whether the sums add up. but the chancellor was defiant and promised more giveaways over that weekend. there is more to come. we have only been here 19 days. i want to see over the next year people retain more of their income. the financial markets didn't like it one bit — they thought it showed a reckless approach to the public finances. the pound, already weak, fell to its lowest level in history against the dollar. the cost of government borrowing rose so quickly, the bank of england had to get involved and that. other borrowing costs, mortgage rates which were already rising spiked even higher with the cost of an average two—year deal now over 6.5%. the markets gave a massive thumbs d

our business editor simonjack explained why the bank of england has decided to stop supporting the bondprogramme to fight what was an outbreak of instability in the fragile markets which threaten to some bits of the pension industry, not a huge part, but an important part in what they did we would buy up part in what they did we would buy up the bonds so they're not sold in a fire sale and create disorder in the financial markets, but what they were not trying to do was bring interest rates down. this was not a bring interest rates down exercise, it was a financial stability exercise with things potentially going badly wrong so they will end that this friday on what has happened in the bond markets, the cost of government borrowing which has a knock—on effect for all of us and dictates the price of mortgages is that the cost of government borrowing which came down when the bank of england got involved has slowly crept up to where it was before the bank of england intervened, and while it is undeniably true that interest rates have gone around the world, it's also undeniable that the min

i took them to simonjack.dence of the markets. the good news is, the government government borrowing costs are going down, which is so important, if you can bring the cost of government borrowing down, the hole you are trying to fill get smaller and smaller. his options, though, are limited in the sense that he if he is going to make those sums add up, at some point eventually you can only only do that to ways, either through tax rises or through spending cuts, but the word eventually is really important. there is no need for him to do something immediately. we are not going to see an nhs budget cut tomorrow? no, we are not going to see big tax rises or spending cuts probably decide of an election, he will set out his plan over the next five years, and what usually happens is that it is treasury, finance ministry, sleight of hand, to do all the big changes at the back end of that process. there is an economic reason for doing that, which is, you don't want to suck money out of the economy right now because gov