torrential rain brings major flooding. and the flying scotsman the first steam engine to hit 100 miles an hour celebrates a century on the tracks. good morning and welcome to bbc news. the chancellor kwasi kwarteng has cut short his visit to the us to hold urgent talks with the prime minister, as pressure mounts on the government over its mini budget. the chancellor had been in washington for a meeting of global finance ministers. he d originally been expected to return back to london on saturday. speaking to the bbc yesterday before the change of plans, mr kwarteng said he believes 100% that he will still be a chancellor and liz truss will still be prime minister in a month s time. later today, the chancellor and prime minister are expected to hold talks with conservative mps. some think the government s tax cutting plans should be reversed, while others believe the help with energy bills should be more targeted. there s even talk of whether both the chancellor and
the leaders of china s ruling communist party gather for a summit in which ruler xijinping is expected to secure a historic third term in office. communities in three australian states are ordered to evacuate as torrential rain brings major flooding. and the flying scotsman the first steam engine to hit 100 miles an hour celebrates a century on the tracks. hello and welcome if you re watching in the uk or around the world. britain s chancellor, kwasi kwarteng, has cut short his visit to the us, to hold urgent talks with the prime minister, as pressure mounts on the government over its mini budget. mr kwarteng had been in washington for a meeting of global finance ministers. he d originally been expected to return back to london on saturday. speaking to the bbc yesterday before the change of plans, mr kwarteng said he believes 100% that he will still be a chancellor and liz truss will still be prime minister in a month s time. later today, the chancellor and prime
august. the postal company is blaming ongoing strike action and rising losses at the business. it says it s begun notifying workers of its plan, which aims to reduce its overall headcount by a total of 10,000. royal mail also said it expects its full year losses to hit £350m. the company currently employs 140,000 people. our business correspondent marc ashdown has more on this. this is a trading update today. they have delivered some bleak news. the plan is to cut between 5000 to 6000 jobs in the nearfuture. in total, they need to lose 10,000, but they are confident that 4000 of those could be from what you would call natural wastage, people leaving or retiring and not replacing them. they are blaming this partly on strike action, but they are also shifting their business model, trying to move from letters to parcel delivery. at the moment, that s not working as they were hoping. staff have of course been on a series of strikes. they ve had six days of strike action this year, the
she takes them into the next election will not waste time because it is two years on the clock is ticking until the latest possible date for an election. if you re a conservative mp with a 10,000 majority and feeling worried, you would want somebody new in stock in two years, all sorts of things can happen. you would hope something turned up. i am sure you would not waste time. 5ir turned up. i am sure you would not waste time- turned up. i am sure you would not waste time. sir steve webb, thanks for bein: waste time. sir steve webb, thanks for being with waste time. sir steve webb, thanks for being with us. up to 6,000 royal mail workers are facing redundancy by next august. the postal company is blaming ongoing strike action and rising losses at the business. it says it s begun notifying workers of its plan, which aims to reduce its overall headcount by a total of 10,000. royal mail also said it expects its full year losses to hit £350m. the company currently employs 140,000 pe