rachel reeves, the shadow chancellor, is there and they promise they will bring back the rate of interest tax to fund nhs staff. other news this afternoon. a moment of history in italy georgia meloni looks set to become its first far right leader since the second world war and its first female prime minister. a school shooting in russia has left at least 13 people dead, seven of them children. and nasa prepare to crash a space probe into an asteroid to find out how hard it would be to save the planet. welcome to bbc news, very good to have your company and it is going to be a busy afternoon. the pound fell overnight to its lowest level against the dollar for half a century. asian markets were reacting in part to the government s announcement last week of tax cuts and increased borrowing to pay for them. of course, that had come too late for their trading week on friday. at one stage, sterling plunged to around $1.03, before regaining ground. a weaker pound raises the cost
are the biggest tax cutting budget in half a century. we ll find out what the changes mean for households. also this lunchtime: four russian occupied areas of ukraine are voting on whether to become part of russia in what the west sees as a move by moscow to annex the regions. a court has been shown distressing video footage about suicide and self harm that the schoolgirl molly russell viewed before she took her own life. and the multi award winning novelist dame hilary mantel, best known for her wolf hall trilogy, has died aged 70. coming up on the bbc news channel, can england rediscover theirform again? italy awaits tonight before germany on monday, with gareth southgate hoping to avoid the disappointment of relegation in the nations league. good afternoon and welcome to the bbc news at one. in a massive shake up of the uk s finances, the chancellor, kwasi kwarteng, has outlined a series of tax cuts and spending commitments that will cost £45 billion by 2027. the independ
we ll bring you analysis throughout the day on bbc news and if you want to send in your questions or thoughts on the mini budget get in touch i m @bbcjoannag on twitter or use the hashtag bbc your questions. and i m lukwesa burak the other stories on bbc news. the victims commissioner for england and wales dame vera baird resigns, describing the criminaljustice system as being in chaos. a 15 year old boy has become the second person to be arrested in connection with the murder of a 15 year old boy who was stabbed outside his school in huddersfield. and author dame hilary mantel, best known for her wolf hall trilogy, has died aged 70. hello, i mjoanna gosling in westminster, in a massive shake up of the uk s finances, the chancellor kwasi kwarteng has outlined a series of tax cuts and spending commitments that will cost £45 billion by 2027. the government says its policies will help boost economic growth. but critics say funding the tax cuts will lead to unsustai