the value of the pound has dropped again today by nearly a percent against the dollar as investors digest the warning from the international monetary fund about the uk government s fiscal plans. the imf has openly criticised the plan for widespread tax cuts, warning the measures are likely to fuel the cost of living crisis and increase inequality. here s michelle fleury with more details in new york. one of the roles of the international monetary fund is to act as an early economic warning system, and it has just sounded the alarm over the uk s new tax and spending plans. in a statement, the fund warned, given elevated inflation pressures in many countries, including the uk, we do not recommend large and untargeted fiscal packages. even more pointedly, it suggested that the november 23rd budget presented an opportunity for the government to re evaluate tax measures, especially those that benefit high income earners. remember, as part of the uk treasury s policy to boost
the result of sabotage. the uk must prepare for a big wave of flu this winter, say health experts, as people are urged to get flu and covid vaccines. and the spotlight is on glasgow and liverpool, as they vie to host next year s eurovision song contest. and coming up on the bbc news channel, england s women will play their first ever stand alone fixture at twickenham next year. theirfinal six nations match against france will take place at rugby hq. good afternoon and welcome to the bbc news at one. the bank of england has made a surprise intervention to try to calm the financial markets, by launching a temporary uk government bond buying programme. it s an attempt to get long term borrowing costs down. they had been. since last week s mini budget. the emergency move is to stave off what the bank said was a material risk to the country s financial stability , given the turmoil that s followed friday s mini budget. the bank said its intervention was to restore orderly market
are you a first time buyer, have recently taken on a mortgage or are looking to move how is this impacting you? do get in touch on twitter @annitabbc or use the hashtag #bbcyourquestions. cuba is completely without power after hurricane ian has struck the western end of the island. two people are reported dead. florida now braces itself for the category three hurricane with life threatening winds, floods and tidal surges. leaders of several european countries claim that rare gas leaks that have hit the nordstream pipelines were not accidents but deliberate acts . gas flows in the nordstream 1 pipeline were stopped in august. the president of ukraine has pledged to protect citizens in areas of his country which could be annexed by moscow after the kremlin held unofficial referendums. hello and welcome if you re watching in the uk or around the world. watching in the uk the international monetary fund which works to promote stability in the global economy has criticise
sometimes there is an economic crisis because of all the events that cannot be predicted. this is self inflicted in downing street with backbenchers last week. humiliated, abused and isolated for weeks patients put at risk due to a toxic culture at one of the uk s biggest mental health hospitals, bbc panorama reveals. health officials are urging those eligible to get their flu jabs and covid boosters. experts have warned of a big, and early wave of the flu this autumn. millions of people in florida preparing for life threatening storms and there will be high winds and flooding at hurricane ian approaching. the bank of england has stepped in to prop up the government bond market, after uk interest rates soared, and gilts tumbled, following the government s mini budget. the bank warned the market s reaction to the government s measures now represented a material risk to uk financial stability . it says the market for gilts, in which the british government borrows, has beco