there is the wreck of the mary rose. it has come to the surface. and it s exactly a0 years since henry 8th s flagship the mary rose was raised from the bottom of the solent, after 437 years under the sea. the bank of england has been forced to intervene once again in the markets warning of a material risk to financial stability. the emergency move this morning will see the bank buy a wider range of government debt, in order to restore conditions in the markets. it follows on from yesterday s announcement of further meaures aimed at ensuring an orderly end to its emergency bond buying scheme. today the institute for fiscal studies think tank warnted the chancellor will need to make big and painful spending cuts to put the country s finances on a sustainable path. it suggests the chancellor could increase working age benefits in line with average earnings, limit public investment to 2% of national income and cut the budgets of every government department except he
northern ireland secretary says he will call an election on the 28th of october to if the stormont executive has not been convened. there were more than 3 thousand heat related deaths in england and wales this summer with more than 250 excess deaths a day recorded during the hottest period and we ll find out later which city will host next year s eurovision song contest the competition will be held in either liveprool or glasgow in place of ukraine social care providers are warning millions of people could be left without support unless there s a complete overhaul of the system. care england, which represents independent providers, says services for people who can t look after themselves, must be restructured or the nhs will be on its knees. the government says it s investing £5 billion in social care in england over the next three years. jeremy cooke reports. are you all right? have you been in the shower? for wendy, it is the first call of the day. i have got some
american democracy. it exists to serve you. that s the know the only kind of democracy, there s also the soviet version of democracy, same word but very different definition. bowl has conviction took power by promising more democracy. the country that created the soviet union became the most impressive police state in human history. yet it was, you should know, a democracy. that s what they called it. east germany was a democracy, too, so was north vietnam, and ethiopia, and albania. democracies all. in his first speech as leader of north korea in 1946, kim i will sung talked about destruction of opposition to his rule, killing of political opponents as democratic reform. almost 80 years later, kim jong-un continues to run north korea as a democracy, a soviet style democracy. so again, they re using a very different definition of the word. in their version of democracy all decisions are made by a shadowy oligarchy. front by a strong man. the point isn t to find out what the p
somewhere, and she knows that every single somewhere, and she knows that every single pounding excess profits she chooses single pounding excess profits she chooses not to tax is an extra pound on borrowing chooses not to tax is an extra pound on borrowing that working people will be on borrowing that working people will be forced to pay back for decades will be forced to pay back for decades to come. the first cabinet meeting of the truss premiership took place earlier. it s said to be the most diverse cabinet on record. we ll have more on the new cabinet and on the cost of living crisis, as another warning comes on the state of the economy. as business struggles, little can be done to stop the uk falling into recession that the verdict of the bank of england. in pakistan, the authorities are desperately trying to stop the country s biggest lake from bursting its banks, adding to the devastation caused by the recent floods. and chelsea football club have sacked th
little can be done to stop the uk falling into a recession, that s the verdict of the bank of england. in pakistan, the authorities are desperately trying to stop the country s biggest lake from bursting its banks, adding to the devastation cause by the recent floods. the former manchester united footballer ryan giggs is to face a retrial on domestic violence charges. and chelsea football club have sacked their manager thomas tuchel, prompting anger from many of the fans. welcome to the programme. liz truss has spent her first full day as prime minister appointing more of her front bench team and clashing with the labour leader, sir keir starmer, over her plans to cut taxes and cap gas and electricity bills for households and businesses. details of the scheme to control the cost of energy will be announced tomorrow. it s understood it ll be funded by government borrowing. sir keir told the commons that a windfall tax on energy companies would have been a fairer way of funding