u. k. economy and a u. k. assets i headed, given what you say, then all their fans that this is basically massively unfunded tax cuts. a indeed. and then were there the unfunded aspect to it, i think is what's spooking the market 0 again to keep in mind even entering into or even before the announcement as there had been already concerns about the twin deficit that the u. k. is facing right now. so if that whole. ringback only grows larger, i mean, unless things actually pan out the way the u. k. government actually intends to. although what you see right now is there's a healthy amount of skepticism about how they think it will turn out how the government things are pan out versus how markets i think your pan out. so i think jet is the glaring whole that my kids i really struggle struggling to grapple with right now. okay, we'll leave it there. hand, turn that the exigency group. thanks for joining us. thanks. i have a me. oh, italy appears to be on course for its 1st far right, prime minister since the 2nd

u. k. economy offer its new government unveiled, major tax cuts. investors have been unnerved on a huge amount of money, the government borrowing to funds that package. but let's go live now to need bach, who joins us from outside the london stock exchange. so need this look so very much like a massive economic gamble. yeah, good morning. carrie, it's a hugely worrying for the investment climate here in the united kingdom because all of this means that the money in people's pockets and starts to, to dwindle. and it means that faith and trust of the british economy dwindles with it as well. just to give you the latest figures on the pound. so the dollar, it appears as if the pound has rallied quite significantly from the low seen the asian markets over 9. so it currently stands at $1.07 a foul to about $1.00. and $0.04 and the asian markets as a sat overnight for that, still slightly low lower from what it was late on friday. so the numbers all going in the right direction. but given how low they we

u. k. economy and a yuki assets are headed by mid afternoon. sterling had recovered its early losses and was trading at a $1.08, but that still more than 20 percent down on its value of a year ago. and the turmoil appears far from over poll brennan, al jazeera liverpool. ah, this is out, is there a vizier top stories now says just to achieve something humanities never done. the full space agency deliberately crashed a spacecraft into an asteroid. millions of kilometers away. it's all to test whether we could stop objects from hitting earth by slightly changing bad trajectory. the kremlin has admitted it made mistakes in its mobilization of hundreds of thousands of reservists suffice any crane. after its font anger, protests and exodus of russian men. demonstrations have continued across the country, including in remote areas us as long russia that using nuclear weapons in the ukraine would have captains trophic consequences after russia's foreign minister pledge, full protection for regions an extend separatists referendums and ukraine lights b

u. k. economy after its new government unveiled, major tax cuts. investors have been unnerved by the huge amount of money that the government is borrowing to fund that package al jazeera leave. barker is outside the london stock exchange. he tells us more about what this means for the british economy. given the pound, plummets is a value to $1.04. overnights is reflected in asian markets when the markets opened. here in london, it did ratty slightly, and now stands at around $1.70. the 5100 index is up marginally as well by 17 points decimal point, 2 percent. but given a, how far the pound did plumb about plummets over the last 24 hours, it's hugely spooked investors. it's deeply worried. consumers on the long term projection of all of this is that they could well be parity between the pound and the dollar. before the year is through warm forecast, i suggested that there's a 60 percent chance of that happening in the next few months. what does this mean? well, it could be massively significant for

u. k. economy has actually entered recession. there is no signs of positive grants. a toll on the has been some modest growth in services. but in terms of production, in terms of construction, they've both fallen. not surprisingly, the production figure is largely driven by a gas, electric, air conditioning, et cetera, which actually has fallen by 3.4 percent. so for services there was growth in consumer services of point 6 percent. but if you look at that, where we are now, well, still 4.3 percentage points lower than we were pre coded. so there isn't much of that, is there. so all signs pointing to recession, the bank of england even forecasting that it could last into early 2024. give us an idea. what does that mean for normal brit follow recession basically means that our, our overall output is falling. it means a sort of produce standard of living. ready. it means, you know, we coupled with those inflation figures that you've been talking about. i some predictions that it's going to go to 20 percent. you know, people are only getting pay rise is generally in the

u. k. economy, this is not the time for such a decision. okay. you were just listening to some voices outraged my quasi. quoting a new dish finance when it says budget to which scrapped the bonuses. but you gotta remember, okay, 10000 may be facing death because they won't be able to heat their homes this winter. the latest statistics are 20 percent in poverty in britain, 4300000 children in poverty. according to the jose roundtree foundation, and that science and 25 years. but tech quoting, and i got to say quite the quality was a regular home. it's irregular. i met him on a number of occasions we would have admire the fact that he really believes in what he's saying. when he says, let the bankers and as much as they want, because it will trickle down the pound, has dipped the risk premium on sovereign default. default swaps has increased massively very huge fears in the city of london because it seems they do realize that if you're caught masters of taxes and then bail out and spend so many billions on well is trusted. former employer shall oil

u. k. economy, this is not particularly the best time for such a decision at a time when clearly the economic situation has turned again very much for the worse . is this really the time to, you know, way encourage the bank is to, to pay these excessive bonuses. again, there's no imaginable mechanism by which taking away the bank is bonus is going to help the economy. i mean, that's completely on, since it shows that the city of long corporation continues to dominate u. k. policy making and concerns of all people continue to get ignored. they want to attract bankers and banks to come to the u. k. that's a very silly view because you know, you don't need foreign banks to come in. you better establish domestic banks. farm banks are not really interested in lending to small local firms in the u. k. that's what's needed. and the chancellor was referring to foreign banks as a result coming in and paying taxes. what we know that the international banks and global banks, they're the ones that are least li

u. k. economy is evaporated. overnight, the pound dropped to 5 percent falling to a record low against the waste delays prompting speculation of an emergency response. the bank of england in hong kong and 90 year old catholic cardinal has gone on trial. alongside several pro democracy activists retire, bishop josephson and the others have pleaded not guilty to charges of running an unregistered relief fund, paying legal costs for anti government protesters. hong kong pro bait ging authorities have cracked down on democracy supported since 2019 protest is rallied in japan's capital. tokyo against tuesdays plan state fuel for former prime minister. she's obey who was assassinated in july. any say there against the launch cost to taxpayers. when many japanese households and businesses struggling to make ends meet the strongest typhoon to hit the philippines. this year has left at least 6 people dead. 5 of them rescue workers hit by a wall that collapsed type in nor room made landfall on sunday, knocki

u. k. economy and a yuki assets are headed by mid afternoon. sterling had recovered its early losses and was trading at a $1.08, but that still more than 20 percent down on its value of a year ago. and the turmoil appears far from over paul brennan.

u. k. economy. she's refused to consider reversing. last week's mini budget. we're sold a pound crash to record low against the dollar. by the end of 1st day, the pound had recovered its losses, plumbing. more than one percent. thousands of protests is have rallied across france. as unions push the higher pay, teachers transport and power industry workers will take part in a 24 hour nationwide strike is also anger over high living costs and president, but emmanuel michaels pension reforms as the top stores to stay with us, the stream is up next on the back after that with more yes, thanks for watching. ah ah, welcome to the stream, i'm at 17 today living through the warren ukraine. how are ukrainians dealing with the latest shifts in the conflict, including the prospect of further russian annexation? take a listen to what ukrainian president vladimir zalinski had to say on tuesday. if she'll talk to somebody she, duma, if someone over there in russia thinks that they can get away with everything they are doing in the occupied territory. if someone over there i

u. k. economy and a yuki assets are headed by mid afternoon. sterling had recovered its early losses and was trading at a $1.08, but that still more than 20 percent down on its value of a year ago. and the turmoil appears far from over. paul brennan, al jazeera liverpool. the head of iran's nuclear agencies is allegations that his country breached international agreements of fabrications by israel mohammed as salami. spoke of the meeting of the un nuclear watchdog in vienna, where the revival of that ra nuclear deal is on the agenda. israel has frequently accused him wrong of enriching uranium pulse, agreed limits, heat on solving a masonic. iran has an exemplary record of cooperation with the agent. we would like to clarify that there are no undeclared nuclear materials or activities in iraq. all allegations are really based on false and fabricated information provided by the occupying ready regime mcdaniel is amec republic of around truly expect the agency to provide a report on a more professional and impartial manner on ah .

u. k. economy. on friday, the government unveiled a package of major tax cuts combined with a massive increase in public boring england. germany of shed 6 goals on a dramatic night in london. the world cup hopefully is true. 33 in a match that will give both teams reasons to be hopeful and concerned out of the finals in cats. are so hell malik reports leave or some agency with the world cup less than 2 months away. old rival, england and germany play down to thriller at wembley stadium. the nations the contest being both sides last much before the final break after go, let's 1st talk things came alive after the break with england after showing defend a harry mcguire conceding a penalty. manchester cities, l k condone slotted it away with ease to make it one nails that was perfectly placed by okay, i go and do a quarter of an hour later things got better for germany. a stunner from chelsea's chi haven't putting the visitors to want. it seemed like it was all over for england. change it, but they rall

u. k. economy. she's refused to consider reversing last week's mini budget. so the pound crash to a record low against the dollar. on the end of 1st day, the pound had recovered its losses, forming more than one percent. what we've done is we've taken decisive action. first of all, to make sure that nobody is paying more than a typical fuel bill of $2500.00 pounds. that will come in this saturday, but also to reduce our tax burden to make sure we grow the economy and also curve inflation. and that's so important, it's a difficult time. it we're facing a global economic crisis brought about by putin's war and ukraine. and what was right, is a britain took decisive action to help people get free. what is going to be a difficult winter? the us government will narrowly avoid a partial shut down after the senate approved a short term spending bill. the bill provides money for federal services until mid december. the current government funding was due to expire at midnight on friday. a bill will now be sent to the house representatives where the democrats hold a ma

u. k. economy always britain, bracing our financial prices. central banks are hiking interest rates. we ask about the global impact, plus y movies from bali wouldn't normally would, fighting to stay in the spotlights or doing the cost on all just talk to al jazeera. we also do believe that women of afghanistan was somehow abandoned by the international community. we listen, we have a huge price for the war against terrorism as going on. so money we meet with global news makers and talk about the stories that matter on al jazeera. ah.

u. k. economy always britain, facing our financial prices. central banks are hiking interest rates. we ask about the global impact plus y movies from bollywood and norwood are fighting to stay in the spotlights. parenting the cost on ologist ah, with guns in their hands and faith and god that their side. many american republicans believe the 2020 presidential election was stolen from donald trump. why christian nationalism is fun to mentally authoritarian, and it is anti democratic people empower, investigates, help the spread of wild conspiracy theories is undermining us democracy. america's authoritarians park to on a j 0 when the news breaks here on here more intense wildfires that the best case scenario is this when people need to be heard. and the story told it was exciting to have this icon of the line, the show to everyone with exclusive interviews, an in depth through the operations awful damage. the vitamin al jazeera has teams on the ground to when you more award winning documentaries and lives ah.

u. k. economy, this is not the time for such a decision. ok, you would just listen to some voices outraged by quasi quoting you.

u. k. economy through supply chains, because our economies are also in length. so, so i think it's going to be, yeah, i very much hope to see this trust working in a, in much more constructive way with the european union petros on, on the northern island protocol, which has been really at the heart of that, that the dispute with the european union, ah, where, where do you see things going and what sort of flexibility is there from brussels on this issue? are they likely to give a, give up a little bit just to be on the same page as or less stress in the british government bossa the you leadership to the you institutions but also see prime minister sandra state in most states have said that there is of course, desire to work out any difficulties that my am i need from the protocol, or there is no appetite to re negotiate the often lease agreement. people here are cautious, how difficult the negotiations, where and how difficult easy is that we needed to call to address. and they don't ways to go back to the start and negotiate again. there is appetite to find sol

u. k. economy. she's refused to consider reversing. last week's mini budget, which saw the pound crash to record low against the dollar of and the 1st day the pound had rallied, but it was still as still lost nearly 18 percent of its value over the past year. it's a difficult time. it were facing a global economic crisis brought about by putin's war and ukraine. and what was right is that britain took decisive action to help people get free. what is going to be a difficult winter? the u. s. government will narrowly avoid a partial shut down after the senate approved a short term spending bill. the bill provides money for federal services until mid december. the current government funding was due to expire at midnight on friday. the bill will not be sent to the house of representatives, but the democrats hold a majority and the legislation is expected to pass easily. it also provides $12000000000.00 in military and economic aid for ukraine. the president has reaffirmed his push for closer ties with the pacific islands. as china extends

u. k. economy and a yuki assets are headed by mid afternoon. sterling had recovered its early losses and was trading at a $1.08, but that still more than 20 percent down on its value of a year ago. and the turmoil appears far from over. paul brennan, al jazeera liverpool to laugh, i honest ah, retired soldiers demanding high attentions, trying to break through corn near lebanon's parliament. as banks reopened up to 5 days closure and super typhoon r. o kills at least 8 people leaving a trail of destruction across the philippines. ah hello, we've got some rather lively weather pushing across southeastern parts of australia . now you see this band of cloud rolling out the south australia just pushing towards victoria tasmania. and we are going to see some by the way weather coming through here. over the next hour, so some good spring showers. rumbling away here. then some west weather too. is that east side of queensland splashes, showers across northern parts of austria. i would towards the west is lossy fine, and dry temperatures in perth, gett

u. k. economy and a yuki assets are headed by mid afternoon. sterling had recovered its early losses and was trading at a $1.08, but that still more than 20 percent down on its value of a year ago. and the turmoil appears far from over poll brennan, al jazeera liverpool go to italy. now countries on cause threats 1st far right? prime minister since well will to riling coalition. and by changing the loony and tap brothers of italy, parties project take a majority of seats in parliament after sunday's election. stephanie decker reports from ron the 1st day of the new right wing reality for entity and feelings are mixed. lum, your space goal and mature of well, i expect more political self determination for italy now within the limits of the european union. so always to let ourselves be heard with a more decisive voice nor thought. i feel like a level that evidently, i'm not someone who voted for her because i'm not a supporter of the right her. this doesn't mean that i think the country wanted to show once again a rebellion. i think that that equ

u. k. economy always britain bracing up financial prices. central banks are hiking interest rates. we ask about the global impact. plus why movies from bali wouldn't normally would are fighting to stay in the spotlight. doing the cost all just talk to al jazeera, we are a, somehow abandoned by the international community. we listen, we have a huge price for the war against terrorism that's going on in some money. we meet with global news makers. i'm talk about the stories that matter on al jazeera. ah, hello, i'm marianna demising and then just a quick look at the main stories now and russia is used. it's vito power to block a un security council resolution condemning its annexation of 4 ukrainian regions. china, gabon, india, and brazil, abstained. washer is a permanent member of the body, so it's consistently wielded that privilege to block un resolutions on the conflict out diplomatic editor changed phases in new york. and he explains, it was as expected in that is not going to pass with a russian veto. the russians declared their no vote as a permanent member. their vote no vot

u. k. economy, she's refused to consider reversing last week, many budget, which saw the pound crash to a record low against the dollar. what we've done is we've taken decisive action. first of all, to make sure that nobody is paying more than a typical fuel bill of $2500.00 pounds. that will come in this saturday, but also to reduce our tax burden to make sure we grow the economy and also curb inflation. and that's so important, it's a difficult time. it we're facing a global economic crisis brought about by putin's war and ukraine. and what was right, is that britain took decisive action to help people get free. what is going to be a difficult winter? thousands of protests have taken to the streets across france. as unions push for higher pay, teachers transport and power industry workers have all taken part in the $20.00 for our nationwide strike. there's also ango behind living costs and present year in my cause, pension reform, shop stories do stay with us. witness. miscarriage of justice is n

u. k. economy. after its new government unveiled major tax cuts. investors have been unnerved by the huge amount of money the government is borrowing to funds that package. let's go live now to nice baka who joins us from outside the london stock exchange. and how's the pound looking right now? well, give us the pound plummeted, same value to warm dollar. i'm full cents. overnights is reflected in asia markets when the markets opened here in london, it did ratty slightly. and now stands at around $1.00 at $0.07, the foot c $100.00 index. it is up marginally as well by 17 points decimal point, 2 percent. but given how far the pound did plumb about plummets over the last 24 hours, it's hugely spooked investors. it's deeply worried. consumers on the long term projection of all of this is that they could well be parity between the pounds and the dollar. before the year is through warm forecast is suggested that there is a 60 percent chance of that happening in the next few months. and what does this mea

u. k. economy after its due government unveiled major tax cuts. investors have been unnerved by the huge amount of money that the government is promising to borrow of fund that package. mark households, the chief economist and global strategist at 80 m investor services international. he joins us now live from london. before we get into the, the whys and wherefores mark, i just want to know whether you think this downward trend for the pound will continue. it recovered in slightly in european trade. but are we likely to see piracy with a dollar? do you think in the next few weeks again to be hovering round this level for a little while? what we've done in terms of re pricing the u. k. interest rate so much higher than a us dollar interest rate introduces a risk premium, which probably will attract people because as much as right interest rates have gone up are not still not very high. and we are on a basis where people will feel happier, that the risks are sufficiently priced in by that i think it'

u. k. economy. she has refused to consider reversing last weeks, many budget, which saw the pound crash to a rec, or low against the dollar. by the end of thursday, the pound had rallied but is as still lost nearly 18 percent of its value. over the past year. is a difficult time it we're facing a global economic crisis brought about by putin's worn ukraine. and what was right is that britain took decisive action to help people get free. what is going to be a difficult winter as what's more still to come this, our pacific leaders are invited to washington and the u. s. tries to gain the upper hand over china. brazil is controversial. president looks to rev up support in one of the most divisive elections in the country's history and the nfl international series returns he to look ahead to the 1st game in london. that's coming up in support. ah. is there a batch of heavy sandstone, wandering around southern europe, more or less switzerland, north nits lead answer, curvaceous this sort of weakness and

u. k. economy and a yuki assets are headed by mid afternoon. sterling had recovered its early losses and was trading at a $1.08, but thou still more than 20 percent down on its value of a year ago. and the turmoil appears far from over. paul brennan, al jazeera liverpool. oh, susanna street theresa senior investment and mark analyst at ha grays lansdowne joins us from bristol, via skype. so is it hearing that dramatic falls in the british pound, sending the u. k. current see to star lows. this happened when the countries already suffering from a cost to living crisis. first, tell us why the markets have reacted in this way. well, when they taken fright at a scale of the ball re because they were real worries, but actually it could become an affordable these tax tax cuts so unfunded. and i think that's why investors were really have taken frights because they lost confidence in the economic management of the country. and you seen this in addition of course, to the strength of the dollar. but it isn't just a dollar story. it's not just a dollar s

u. k. economy always, britain, facing our financial crisis. central banks are hiking interest rates. we ask about the global impact. last, why movies from bollywood? and hollywood are fighting to stay in the spotlights. counting the cost on all jessica. ah, ah, welcome back. look at the main stories. now. russia's president has proclaimed the annexation of 4 regions in ukraine, a demon bruce, enjoying thousands of people at moscow's right square for the public celebration, his and more use russian. rita to brushes, meet up how to unblock the un security council. resolution condemning a land graham. meanwhile, rushing missiles if it's a convoy of ukrainians, trying to cross the front line to bring back family from occupy tarrot trees. these 30 people were killed the attack and in the city of that felicia. meanwhile, ukraine as formerly submitted an application to join nato, begin of us as need or has been overthrown by the military and a qu announced on states he lee. according to the statement read by an officer of the country's new leader, is captain abraham troy. he says the consti

u. k. economy. after its new government unveiled, major tax cuts, investors have been unnerved by the huge amount of money. the government is borrowing to funds that package of pol bryn and joins us now from liverpool, enter, pull house or the opposition labor party. reacting to all this where you are the has been a frantic morning can lunch time on the, at the financial markets to day. as you say, sterling dropping at largely because of that extraordinary, many budgets as it was described from the chance, the quasi quartz eng. last friday, but not helped by statements that wasn't quoting then made on sunday, saying that yet more tax cuts might actually be in the pipeline. and at the moment, the government isn't commenting on the markets. turmoil i seen footage of quasi quartering down in london walking between government officers. being repeatedly asked by a journalist whether he had any comments about the turmoil and he batted away saying no, no comments at all at the moment said the government ap

u. k. is economy, the government unveiled major tax cuts on friday. the lebanon's government has passed its budget for 2020 to approve. the spreading club is protested gathered in the capital pavement. and those are the headlines. we'll have more news for you on the 0 of the inside story next. ah, will italy have his 1st female prime minister right when coalition that by georgia, maloney is set to take a majority of seats in parliament. that'll pave the way for the country's 1st bar, right government since world war 2. so what will that mean for italy and europe? this is inside school. ah, her walk them to the program on hasn't seek of italy appears to be on course to elect its 1st female prime minister and 1st far right leader. since benito mussolini, the coalition will be led by georgia, maloney who's credited with giving her party the meteoric rise. it needed to win a national election. analysts say her uncompromising attitude has struck a chord with frustrated electorate who see maloney as the only political option left on tested. maloney said vot

u. k in this quarter to become the 5th, 5th largest economy, behind the us, china, japan, and germany. we're also seeing china status diminishing on the global stage is in the are going to be taking place. what do you think? well yeah, that's, that's the buzzword and has created a given rise to low celebration india that will be in the economy. b, u. k is, but then that's only strictly in terms of the g d p growth in terms of per capita g d, p and you're still far, far behind you. k, it is also behind china. and a lot of going to say that in the us, structural problems are not enabling the economy to unleash the potential that it really has. so while it always becomes a point of discussion to find out whether india or when will india overtake china, the point is that it didn't go on him is yet to correct a structural a defects manufacturing for example, which used to be the main stay and which is responsible for the largest number of jobs in the countries yet to take off. manufacturing growth in manufacturing is not picking up jobs in manufacturing or not coming back and for, for, for,

what do you think this means for the overall health of the economy and the u. k? well, i don't see it, sir. very promising is a pretty bleak outlook because even if these energy bills are frozen, although the situation shouldn't deteriorate further, it's going to mean that so many consumers will have a lot less money to spend. as that, they're going to be extremely cautious heading into the winter months. so certainly for some sectors like retail, hospitality, leisure, there are some pretty tough times ahead. i think looking at the broader market of call. so if you got higher energy prices that supports the energy johns, of course, and so there will be some support in terms of the stock market. but in terms of the overall economy, there are lots of question marks this trust that she wants to capt. cut taxes as well, so that, that add to concerns about u. k. boring costs as well because they've already been shooting up. i was on a street or from harvey of lance. man, thank you so much. now to some of the other global business stories making this, germany's volkswag

u. k. next prime minister, the contest was sparked by the resignation of prime minister boris johnson. strengthening the economy is set to be the new prime minister's most pressing task with the u. k. facing a cost of living crisis and soaring energy charges in her acceptance speech trust promised to tackle those challenges head on. i will deliver a bold plan to cut taxes and grow our economy. i will deliver only energy crisis dealing with people's energy bills that all say dealing with the long term issues we have on energy supply crossover to our correspond. barbara basil who is in london. barbara list trust is inheriting a country in crisis. what are the biggest issue she'll have to face immediately as free as prime minister. the biggest issue, without doubt it is the energy price crises. and because prices here have already been doubling, they're supposed to triple towards the end of the year. and particularly small business could just go out of business in their millions because of, for them there is no inherent price cap, and they are struck by, by a $10.00 fold or higher. and it unfold higher energy pric

u. k. government's drastic tax cutting move to fight inflation. what a fool out on and already struggling economy both in the u. k. and outside. this is inside stored. ah hello and welcome to the program. i'm has them seek out the british pound is struggling to hold value against the us dollar after hitting an all time low. it recover slightly on monday, after plunging, nearly 5 percent fall is raising concerns about the world 6 biggest economy and its appeal to international investors. on friday, the new british government unveiled major tax cuts based on borrowed money, and many are concerned about the amount that's needed. that's led to days of volatility in the value of sterling and undermine its status as a reserve currency. our correspondent charlie angela has more for us from london, utter an anxious thought the pounds used to be clawing back some of its losses and steadied somewhat. but the public investors and banks understand to be still very nervous and they're placing much of the blame on charts like crazy question. asking what is planned for balance. the largest tax got in 50 years,