the prime minister put together a cabinet of all talents. that the prime minister put together a cabinet of all talents. cabinet of all talents. that is the chancellor cabinet of all talents. that is the chancellor of cabinet of all talents. that is the chancellor of the cabinet of all talents. that is the chancellor of the exchequer i chancellor of the exchequer confirming the economic statement has been moved from monday until november 17. we say goodbye to viewers now on bbc two. let us get some reaction from our chief political correspondent to that years that you just brought us and we heard from the chancellor himself explaining the reasons for the economic statement being upgraded and delayed from 31st of october until 17th november. you heard him being asked, is this notjust about the forecast and accuracy of forecast but is it about political wrangling over spending cuts? yes. wrangling over spending cuts? yes, there is also wrangling over spending cuts? yes, there is
is going to bring security on jobs in the cost of living, in short, promising a clear plan, in his words, that stands the test of time. we have seen how hasty decisions can have a big impact on credibility. so what happens now? the have a big impact on credibility. so what happens now? the first - have a big impact on credibility. so what happens now? the first key i have a big impact on credibility. so i what happens now? the first key date is the 3rd of what happens now? the first key date is the 3rd of november, what happens now? the first key date is the 3rd of november, when - what happens now? the first key date is the 3rd of november, when the - is the 3rd of november, when the bank of england will announce its decision on interest rates. currently 2.25%, we are expecting up to a full percentage point raised, we are now hearing it could go up a bit less, possibly only three quarters of a percentage point, because the economic outlook has already started to improve. 16th no
england, who understands this decision, then working together, crucial. and finally, the obr, office for budget responsibility, we will also get theirfull office for budget responsibility, we will also get their full forecast on 17th november, crucial to help us all understand how this all adds up. thank you for now, marc ashdown. as we ve been hearing, rishi sunak reshuffled his cabinet yesterday. let s have a closer look at who is in it. of the three main offices of state, two remain the same, jeremy hunt is chancellor, and james cleverly stays at the foreign office. suella braverman is back as home secretary, seen by many as a controversial move. she resigned only last week after breaching ministerial rules. currently the house of commons are debating her appointment. elsewhere in the cabinet, dominic raab has been reappointed justice secretary and deputy prime minister, and ben wallace keeps hisjob as defence secretary. michael gove returns to front line
at six rishi sunak s first full day as prime minister as yet more of liz truss plans are ditched. at his first prime minister s questions he told mps the ban on fracking is back and he defended his reappointment of suella braverman as home secretary. the home secretary made an error ofjudgment, but she recognised that, she raised the matter and she accepted her mistake. he s so weak, he s done a grubby deal, trading national security, because he was scared i to lose another leadership election. the chancellor s long awaited economic plans have also been delayed until 17th november. also on the programme. if climate change is not
certain top two of many decisions that have to be taken, and taken quickly. chris mason, thank you. so the government s long awaited statement on its economic plans is being pushed back to thursday 17th november. the chancellor said it was prudent to allow more time to get the most up to date economic forecasts. let s get more now with our business correspondent dharshini david. dharshini. with the latest change of date, investors may be feeling the first chill of winter before they see that autumn statement. crucially, can the chancellor deliver stronger growth, fund tax cuts and get borrowing down? he says it ll be worth the wait. the number one priority is economic stability the number one priority is economic stability and the number one priority is economic stability and restoring confidence that the stability and restoring confidence that the united kingdom as a country that the united kingdom as a country that pays that the united kingdom as a country that pays its way,