party gathers in beijing. the new uk chancellorjeremy hunt has been in talks with prime minister liz truss, as they consider further changes to the mini budget that had been the centrepiece of her economic plan. 48 hours into thejob, mr hunt has made clear nothing has been ruled out on taxes or spending. he also said the prime minister is in charge. some of her own mps are continuing to criticise her, though, and are calling for changes to her team, and they re questioning whether she can remain in office. here s our political correspondent ben wright. behind the doors of the prime minister s country retreat, liz truss met her chancellor not unusual in normal times, but these are not. jeremy hunt has been sent in to urgently rewrite the government s economic plan. so who has the power now? the prime minister is in charge. really? i think it is important that when you talk about ditching things, the biggest element of that mini budget was the energy price guarantee. some tor
and israel election officials confirm benjamin netanyahu and his far right allies as the winners in tuesday s vote he s set to return for a record sixth term as prime minister. the bank of england has warned that the uk is facing its longest recession since records began, as it raised interest rates by the most in 33 years. the 0.75% point rise the eighth consecutive hike takes uk rates to 3%, meaning higher mortgage bills for many homeowners. the bank of england s move matches the us federal reserve s rate hike on wednesday, as central banks around the world battle to combat inflation. here s the bank of england governor. these are big changes. they have a real impact on people s lives. so why are we doing it and why are we doing it now when so many people are struggling with higher energy and food prices and other bills? we are increasing bank rate because inflation is too high. it is the bank sjob to bring it inflation is too high. it is the bank s job to bring it do
britain s former prime minister, borisjohnson, says he will not stand in the contest to choose the next leader of the conservative party and therefore prime minister. nominations close on monday afternoon, with the former chancellor, the uk s finance minister, rishi sunak and cabinet minister penny mordaunt the candidates who ve decla red they re running. our political editor, chris mason, has this report. are you running for the leadership, mr sunak? could september s loser be october s prime minister? rishi sunak is a step closer to downing street tonight, beaten by liz truss just weeks ago, he could replace her as soon as tomorrow. declaring his candidacy today, he wrote: he also felt the need to say: throughout the day, the public support for mr sunak among tory mps has continued to tick up. this minister reckons borisjohnson would be a guaranteed disaster. what we can t do is have him in as prime minister in circumstances where he is bound to implode, taking down the wh
hello and welcome to audiences in the uk and around the world. i m sally bundock. it s a big day ahead for the chancellor kwasi kwarteng as he delivers the keynote speech at the conservative party conference later in birmingham. the new finance minister is expected to insist the government will stay the course on his tax cutting growth plan despite the swift and turbulent reaction on financial markets. this time last week, the pound hit an all time low against the us dollar and days later, the bank of england was forced to take emergency action to protect pension funds. i m joined by dr roger barker director of policy at the institute of directors. how will kwasi kwarteng do today? what are you hoping chancellor will say? i’m today? what are you hoping chancellor will say? i m sure the chancellor chancellor will say? i m sure the chancellor will chancellor will say? i m sure the chancellor will reiterate | the chancellor will reiterate his commitment to taxcutting p