convened her final cabinet meeting afterjust seven weeks in office, making her the shortest serving prime minister in british history. i cannot deliver the mandate on which i was elected by the conservative party. i have therefore spoken to his majesty the king to notify him that i am resigning as leader of the conservative party. this is the easy bit, they will appreciate the transition from one prime minister to the other. after that, in tough road lies ahead with rising inflation, rising bills and rising inflation, rising bills and rising interest rates. we will bring you more throughout another momentous day in british politics. do stay with us on bbc news. it has been a period of immense instability in british politics, the transitions between two prime ministers in a matter of months. a busy summer, a long contest to decide who would become the leader of the conservative party, the ruling party in the uk at the moment. they have been in office first with coalition partn
exchange of fire ukraine continues to push back russian forces but the invading troops aren t giving up. they are trying desperately to change the narrative here, and the reality that most russian forces in ukraine are on the retreat. and the rugby league world cup gets under way a year late as hosts england take on samoa in the opening game of the tournament at newcastle. good afternoon. the new chancellor, jeremy hunt, today indicated major changes to liz truss economic strategy. in a round of interviews, mr hunt said mistakes had been made by the government and warned of what he called very difficult decisions ahead. he suggested taxes could rise to help restore market confidence and refused to rule out spending cuts, saying every government department would be asked to make new savings. mr hunt was appointed yesterday after the prime minister sacked kwasi kwarteng. here s our political correspondent, ione wells. well. hours into his newjob, the chancellor was t
lets talk about one other aspect of this, which is the options in terms of taxation. there has been a big push, a concern in the conservative party that under rishi sunak, and after all, we should not forget he was chancellor until he resigned from boris johnson s was chancellor until he resigned from borisjohnson s cabinet, precipitating borisjohnson s own resignation, and that s enough for some conservatives to think you should never have been allowed to become prime minister and that he has to deal with that legacy potentially among some in the party membership. let s put that aside, he was chancellor, the man who put up taxes to their highest level we are told, you told us, in nearly 70 years. the trust plans to cut some of the tax increases, and some have already been restored byjeremy hunt the liz truss plant. can he go back to where he was when he delivered his own budget back in the spring? the delivered his own budget back in the s-urin ? . delivered his own budget back in
seen to be exercising this duty, this responsibility, the separation of the role of the monarch from the political establishment, to appoint an invite somebody to become prime minister. . ~ an invite somebody to become prime minister. ., ,, , ., , . , minister. thank you very much. let s talk about the minister. thank you very much. let s talk about the hard minister. thank you very much. let s talk about the hard political- talk about the hard political realities that are facing the new prime minister when he takes office later this morning. the economy, of course, is the critical one, after that badly received budget by the former chancellor who liz truss promptly sacked, replaced with jeremy hunt, who in effect collapsed the economic policy that liz truss had won the conservative leadership election on, a big push for growth, tax cuts funded by extended borrowing and some kind of supply side changes which were thought to include speeding up things like planning reform in the u
the party, may be temporarily some mps had suggested his appointment will give liz truss breathing space but in some ways it creates another political problem for her. liz truss s pitch to the conservative party over the summer was very clear, it was a big economic vision of cutting taxes, loose regulation, throwing everything at economic growth. the fact she has a counsellor indicating that a law that has been unpicked and he agrees that has been unpicked and he agrees that economic growth is great but he will unpick a lot of that is another challenge to authority. there are a couple of questions to address, if the point of her premiership is not this big push for growth, what is the point of our premiership? there is also the issue of her supporters who were enthused by her agenda, they saw it as a return to full