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BBCNEWS BBC News at Six July 7, 2024

no change in two of the big offices of state jeremy hunt stays at the treasury, and james cleverly remains foreign secretary. suella braverman returns as home secretary less than a week after she resigned and dominic raab is deputy prime minister. the dilemmas of government are instant, who to hire and who to fire as british in an attempt to assemble as british in an attempt to assemble a team that can last that his party will support. it comes as new figures show the task in hand, with the price of some household basics soaring. you can see it on the shelves when you go into the supermarkets, you ve got to really think about making better choices. ultimately, the cost needs to come down or people s income needs to go up. we ll be looking at the serious issues confronting the new government with our editors and correspondents across the uk. and stay with us here on bbc news for continuing coverage and analysis from our team of correspondents in the uk and around the wor

Rishi sunakPrime ministerDowning streetBuckingham palaceKing charlesHome secretaryDominic raabForeign secretarySuella bravermanJeremy huntJames cleverlyDowning street teamAre instantTo hireHousehold basics soaringBbc news

BBCNEWS BBC News at Ten July 7, 2024

after he was sacked by boris johnson. the dilemmas of government are instant. who to hire and who to fire as rishi sunak attempts to build a team that can last that his party can support. we ll have the latest on the new cabinet, and on the immediate challenges for mr sunak he says the uk is facing a profound economic crisis . as the cost of living crisis affects more and more people, with budget food prices rocketing to new levels, voters are very concerned. you can see it on the shelves when you go into the supermarket. you ve got to really think about making better choices. ultimately the cost needs to come down, or people s income needs to go up. and, as the uk sees its third prime minister of 2022, we ll talk to people in nottinghamshire about their hopes and coming up in the sport on the bbc news channel, chelsea on cloud nine as they qualify for the champions league knockouts courtesy of this quality curlerfrom kai havertz. good evening. britain s new prime minister

Rishi sunakPrime ministerNumber 10Suella bravermanDeputy prime ministerMichael goveHis majesty the kingDominic raabHome officeScottish governmentBoris johnsonSunak heBudget food pricesBbc news channelKai havertzChampions league

BBCNEWS The Context with Christian Fraser July 7, 2024

you will see it like never before. tonight with the context, the former mayor of baltimore, stephanie rawlings blake, and the former uk ambassador to paris and national security advisor, lord peter ricketts. hello, welcome to the programme. it s hard to overstate how poorly the british government s fiscal event on friday has been received by financial markets. nothing in recent history compares with the price moves we have seen since. not brexit, not covid, 9/11 not even the uk s ejection from the exchange rate mechanism. the pound has slumped to its lowest ever level against the dollar. and the rate on short term gilts is now higher than italy or greece. 0rdinarily, tax cuts to promote growth might be welcomed by the city, when they are properly costed. but the government s critics would say that if there s no framework for the size of borrowing, nor any timeframe established to deliver the growth the treasury is chasing, then don t be surprised if markets are spooked. s

Bank of englandBritish poundChristian fraserKwasi kwartengPresident putinCall upPeter rickettsStephanie rawlings blakeNational security advisorBritish governmentNot brexitExchange rate mechanismNot covid9 11Tax cutsDon t

CNN Early Start With Christine Romans and Laura Jarrett July 7, 2024

reported, get this, a stunning 52% drop in first quarter profits, that was just a day after shares in the nation s largest retailer walmart had their worst day in 35 years. what is going on here? they have their fingers on the pulse of the american consumer and they say inflation was the problem, their customers are sticking to the basics when they come in, leaving with fewer items in their shopping carts. those purchasing decisions being driven by sticker shock of course. basics are getting much more expensive, gas up 44% the last year, car, food and shelter also way up. americans are also making more money. wages rising in this tight labor market, but that is also feeding into worries about inflation because of wages. and because of rising prices, people don t feel secure so they are cutting back and that is shaking market confidence. right now stock index futures are leaning lower. asia closed mixed overnight. looks like except for china all down here. let s bring in krist

United statesAll around the worldWall streetLaura jarrettMay 19Shopping cartsPurchasing decisionsSticker shockPeople don tLabor marketMarket confidenceIn asiaStock index futuresHong kongKristie lu stoutSupply chain disruptions

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