the trea5ury, ri5hi sunak— 70 billion. the trea5ury, ri5hi sunak has— 70 billion. sunak has already done quite a lot to alleviate the huge pressure on peoples — to alleviate the huge pressure on peoples finances, increased the people5 finances, increased the hatiohal— peoples finances, increased the national living wage, universal credit, — national living wage, universal credit, fuel, tv licence fee has been _ credit, fuel, tv licence fee has been frozen, we've all had winter fuel payment, that'5 all tax rebates _ fuel payment, that'5 all tax rebates. my account in april, it was great _ rebates. my account in april, it was great news — rebates. my account in april, it was great news. it'5 rebates. my account in april, it was great news. it's already done quite a lot _ great news. it's already done quite a lot there — great news. it's already done quite a lot. there are limited lever5 the government can poll for the long term _ government can poll for the long term that — government can poll for the long term that isn't going to have an adverse — term that isn't go

rishi sunak and his wife are worth.ying leave the rich. he says he stands ready to help the poon he says he stands ready to help the poor, but he's not doing that. i'm talking about giving cuts to businesses, i am talking about investment but i am not actually doing this stuff yet. to be fair to rishi sunak, some of what he's doing, he is trying to hold on to making big moves into the autumn budget in october, november time, but of course by then the heating has gone back on, hasn't it? and people will be suffering far worse. they are already suffering quite badly, so trying to sit on things and wait until the autumn is not enough time, there is more and more discussion and they have been suggestions about an emergency budget. labour is calling for one, number ten have said it is being considered, there have been some free things. i would be surprised if they can really hold out until october or november before they can make some announcements. is october or november before they can make some announcements.- make some a

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

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

this is rishi sunak and the rich list. this is the revelation in _ sunak and the rich list.- sunak and the rich list. this is the | revelation in the sunday times rich list that he has got with his wife a total of a fortune, he is richer than the queen, his wealth has gone up than the queen, his wealth has gone up in the first year, there are 170 odd billionaires in the uk and they have done very well out of the pandemic. it was thought everyone would have a bit of crunch, especially those who have got their money stored in all kinds of different places, but they seem to have survived absolutely fine, which is a weight of all our shoulders, i'm sure. and itjust goes to show, really, that why we are all suffering and wondering how to pay their fuel bills over the winter and wondering how you are going to manage some of the shops and the supermarkets, will you still be able to manage your normal monthly shop, the trickle—down economics shows it is not really the money that is trickling down on us, is it? let's move other _ trickling down on us, is it? let's move other stories,

front of the sunday express, rishi sunak, i | the sunday express, rishi sunak, i am ready to help withwe are going to wait and see and find out what the situation is in the economy, i guess the government believes that line is not going to hold until the budget. rishi sunak has tried to hold it, he has given a first person piece to the sunday express. he said he would do everything, that really is a holding statement, no commitments in there. the sunday express team have spoken to backbench tory mps and they expect an emergency budget in everything but name within weeks or certainly before the autumn statement. again, pressure piling on rishi sunak to do something about the soaring cost of living, rising power bills and of course inflation going through the roof as well. just before i move on, what is the sense of the lobby, you spend a lot of time with journalists and with politicians, is there a sense that the spring statement did not hack it? it the spring statement did not hack it? ., ., . , , it? it did not even touch the sides. it was a disaster _ it? it did not even touch the si

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

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

had told readers he would _ said rishi sunak had told readers he would do _ said rishi sunak had tolds, so if he does _ doesn't have that many readers, so if he doesjust help them, it will be a _ if he doesjust help them, it will be a get — if he doesjust help them, it will be a get out ofjail free card. what be a get out of “ail free card. what about the be a get out ofjail free card. what about the story — be a get out ofjail free card. what about the story on _ be a get out ofjail free card. what about the story on the _ be a get out ofjail free card. mrngt about the story on the independence? £240 million earmarked for cancelling out our uk carbon emissions, which was the green home grant _ emissions, which was the green home grant had _ emissions, which was the green home grant had been returned by the business — grant had been returned by the business department to the treasury. but again. _ business department to the treasury. but again, £5,000 is what the maximum _ but again, £5,000 is what the maximum was you could get under the green _ maximum was you could get under the gre

this lunchtime rishi sunak announced another bot 9 - sunak announced another bot 9 billion worth of measuresheme 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 financial su--ort. ., ., . . ., support. he announced extra one-off -a ments, support. he announced extra one-off payments. £650 _ support. he announced extra one-off payments. £650 to — support. he announced extra one-off payments, £650 to thos

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,

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

has the tools— make sure that rishi sunak has the tools in— make sure that rishi sunak has the toolsies 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'm on

also rishi sunak continues to outline and underscore _ block.hi sunak continues to outline and underscore the fact - block. also rishi sunak continues to outline and underscore the fact the l outline and underscore the fact the factors affecting this. a bit of a storm, you've got the war in ukraine, existing inflation as covid—19 restrictions were raised, and here we are now. find covid-19 restrictions were raised, and here we are now.— covid-19 restrictions were raised, and here we are now. and you've also had economies _ and here we are now. and you've also had economies around _ and here we are now. and you've also had economies around the _ and here we are now. and you've also had economies around the world - had economies around the world coming — had economies around the world coming out of locked down over the last few _ coming out of locked down over the last few years, which must've had some _ last few years, which must've had some impact in terms of global finances. — some impact in terms of global finances, and just the way we are seei

says he will get rid of it quicker— rishi sunak says he will get rid of it quicker if— rishi sunak saysly, 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, including o

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

the daily telegraph reads," tories are now the party of big spending, says sunak."hink 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 tax. lizzy: some of the officials and the government had said that bernard looney's c

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

rishi sunak is trying to sa he is taking out. rishi sunak is trying to say he is a — taking out. to say he is a low tax _ taking out. rishi sunak is trying to say he is a low tax chancellor - taking out. rishi sunak is trying to say he is a low tax chancellor but l say he is a low tax chancellor but taxes are high?— say he is a low tax chancellor but taxes are high? with 'ust had one of the bi est taxes are high? with 'ust had one of the biggest tax _ taxes are high? with 'ust had one of the biggest tax rises — taxes are high? with just had one of the biggest tax rises we've - taxes are high? with just had one of the biggest tax rises we've had - taxes are high? with just had one of the biggest tax rises we've had in i the biggest tax rises we've had in decades and that they hails and social care levy. that's going to raise roundabout £17 billion. in addition, they are freezing income tax. that's gaining £3 billion. he's raised taxes in that respect but there are tax cuts built in but those don't give back anything like what is being taken off from tax rises. so the net effect is

and you sit next to rishi sunak, the chancellor, at these things? idid. tell you everything he said? oh, no, no, no. what? dinner conversation is top secret. 0h, is it? even you respect dinner conversation. but what did you think of his speech? what did you think of his speech? yeah, he wasn't really announcing anything here. it was a very warm speech. right. i think rishi, business people like rishi, rishi likes business people. so it was very warm in the room. 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 tha

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

mr sunak says it is pragmatic and necessary.as a result of it.— feel a little less worse off as a result of it. , ., ~ , ., ., result of it. chris, thank you. you can find more _ result of it. chris, thank you. you can find more information - result of it. chris, thank you. you can find more information about i result of it. chris, thank you. you i can find more information about all the measures announced today on the bbc news website. now to that mass shooting at a primary school in texas on wednesday. as families try desperately to come to terms with what's happened, the local police force is being criticised for taking too long to confront the gunman, salvador ramos. officials say he managed to evade armed guards outside the school and lock himself in a classroom for up to an hour, during which he killed 19 children and two teachers. our north america editor sarah smith reports from uvalde. all of the 19 children who were killed in the same school class. this boys family had to wait 12 hours before they were told he was dead

with his thing and had to— —— rishi sunak with his thing and had to keep _ —— rishi sunak with his thing 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 them really did

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

i thinkjohn is right, rishi sunak seems like a i right, rishi sunak seems like a really good candidateis 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 for some of you, the next couple of days it turns dry but get ready for some cold. you will need a big jumper. the graphics have disappeared, it showed that things turn colder in the north, it is already chilly across the north of

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

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

but rishi sunak, the chancellor, did announce a lot of things, didn't he, alex? yeah, he did.this is the thing that we didn't think was going to happen and then we thought might happen and then it did happen and it all happened a bit quicker than they said it was going to happen in the first place. but should i just give you the headlines, like the really quick precis of what this was? so this was the government's response to the cost of living crisis. and the big focus was on helping people, particularly with their energy bills. and to boil it down, every household is going to get 400 quid in the autumn to help with their energy bills. that's every household in the united kingdom. and then if you live in some of the lowest income households, so that's some of the poorest households, you're going to get 650 quid on top of that, and pensioners another £300, and people on disability benefits, they're going to get £150, all amounting to about 15 billion quids' worth of money being given to people to help with this cost of living crisis, funded in part by what we're not calling a

rishi sunak is given out twice as much _ rishi sunak is given out twice as much money and taking in twicethey 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 a uk problem. this that tells me that the lowest income families are finding it really tough right now an

are not— like michael gove and rishi sunak are not so— like michael gove and rishi sunak are not soe 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 to

sunak is going after big oil.a: rishi sunak saying he wants a temporary levy of 25% on oil and gas profits, basically saying it will be phased out when profits return to normal. that is what he said. he also said the more a company invests come the less tax they will pay. they will expect the proceeds to help adjust the cost of living for people on the lower income tiers. this comes as energy prices absolutely surge and people are seeing their bills double. how to they deal with that at a time of inflation and some on the other categories as well? tom: this is an exceptionally sensitive issue. it is not the same geography is america, but you have to wonder, does it follow on in the united states? lisa: how much does this open the door to some sort of tax on profits for oil and gas companies? it is definitely being talked about in the united states. how do you justify that at a time when you are trying to encourage investment but also move away from fossil fuels? tom: behind him, i will not mince words, and i wish

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

the chancellor reaches sunak defended the _ touch.r reaches sunak defended the government _ touch. the chancellor reaches sunak defended the government less - touch. the chancellor reaches sunakl defended the government less magra support for the industry and said ministers were focused on helping ease the current challenges. we have put in place billions of pounds — we have put in place billions of pounds of— we have put in place billions of pounds of support for the travel industry— pounds of support for the travel industry particularly during the pandemic. right now, there are conversations to make sure that disruption — conversations to make sure that disruption can be eased, that is where _ disruption can be eased, that is where the — disruption can be eased, that is where the focus is. the _ where the focus is. the government had been warned many months ago using skilled workers from the aviation industry would cause significant delays when people started going back on holiday. their new airports — started going back on holiday.

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

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

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

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,

what impact could that have on the very investment that rishi sunak is trying to stimulate?g 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 in the north sea. what happens if the prices go - invest in the north sea. what happens if th

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

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

a big power generator in sunak sites are widening windfall tax.s clear that _ direction? well, you know, it is clear that the _ direction? well, you know, it is clear that the government i direction? well, you know, it is clear that the government has. direction? well, you know, it is- clear that the government has come to the political realisation of two things. the next one is that it windfall taxes like super popular, including with their voters and swing voters, and the other is that they have simply not done enough when it comes to the cost of living, partly because the package of measures they introduced in the spring was really poorly targeted, partly because they refuse to use the benefit system.— partly because they refuse to use the benefit system. they are trying to s: uare the benefit system. they are trying to square that. _ the benefit system. they are trying to square that. a _ the benefit system. they are trying to square that. a shade _ the benefit system. they are trying to square that. a shade that i the benefit system. they are

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

heard much the same on the general earlier, from former chief inspector for the paper also says rishi sunakr 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 strive

put out, the idea that they can — rishi sunak put out, the idea that they can call themselves low taxs 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 hardest — a

in the uk — the chancellor rishi sunak has said his £15—billion or about $19—billion package of supportut keeping a promise to stand by the british people. every uk household will get £1100, that's around $504 with those on the lowest incomes and pensioners getting hundreds of pounds more. mr sunak said a third of the cost would be met by a new temporary profits' tax on oil and gas companies. 0ur political editor chris mason has the details. it's the one thing that everybody�*s talking about. leila tells me the customers at her coffee and vinyl shop in watford talk of little else but spiralling prices. are you going to cope as a business? the magic question. i mean, everan optimist, i'm going to say, yes, absolutely, we will still be here. we faced brexit, a global pandemic and now this unimaginable inflation. it's asking us to just re—evaluate our business, almost constantly at the moment. are the tories taxing business? for weeks and weeks, plenty have demanded the government do more. enter today, the chancellor. no government can solve every problem, particularly the complex and glob

the labour leader has repeatedly called for borisjohnson and rishi sunak to resign, after they were finedkdown rules in downing street. sir keir said his readiness to resign was a matter of principle and integrity, in contrast, he said, to the prime minister. 0ur political editor chris mason has the story. the questions had dogged him all weekend. mr starmer, will you resign? dogged him again this morning and were not going to stop. on friday, durham police said it would reopen an investigation into this — sir kier starmer having a beer and a curry. his deputy, angela rayner, was there too, as were party workers last april. the labour leader has always said he didn�*t break the covid rules in place. but today, he placed his political career in the hands of the police. if the police decide to issue me with a fixed penalty notice, i would, of course, do the right thing and step down. what a roll of the dice. it�*s intention is clear, to draw a big contrast with borisjohnson. we�*ve seen 50 fines in downing street, we�*ve seen a prime minister who won�*t step down, we are not all the same. i

of living here in the uk because, as we were anticipating this time yesterday, the chancellor rishi sunak 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, receivi