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Transcripts For BBCNEWS BBC News 20240706

been found dead at an indian hotel. at least 62 people have been killed in winter storms sweeping across north america. us officials are calling it the blizzard of the century , with an extra nine inches of snow expected during the day in new york state , where the city of buffalo has borne the brunt of the arctic conditions. the storm has affected a vast area , from canada in the north , down through the us , and reaching mexico. president biden has approved emergency measures , allowing financial support for new york state. this is the scene live you can see it is very great and cold but from people we have spoken to it through the course of the day the weather added little better today allowing some of those rescue efforts to get under way. it stopped snowing and it is bitterly cold. i can show you some pictures from the other side of the country. it is los angeles airport but thousands of flights cancelled at around 11 in the morning. a lot of people in the wrong place

Transcripts For BBCNEWS BBC News 20240707

pressures will require a stronger response than we perhaps in august. manchester united and england footballer mason greenwood is charged with attempted rape, engaging in controlling and coercive behaviour, and assault. more than a0 turkish miners are now known to have died following an underground explosion dozens of others were injured. and rugby league world cup hosts england get off to a flying start, crushing samoa in the opening game of the tournament at st james s park good afternoon. the new chancellor of the exchequer, jeremy hunt, who has refused to rule out public spending cuts, and said taxes may have to rise. mr hunt appointed yesterday after kwasi kwarteng was sacked from the job said mistakes had been made by the government and warned of difficult decisions ahead . and in a further problem for the government, the governor of the bank of england has predicted that in order to combat inflation uk interest rates may have to rise even higher than expecte

Transcripts For BBCNEWS BBC News at Ten 20240707

tonight at ten the international monetary fund weighs into the financial uncertainty in the uk, criticising the government s plan and saying it s likely to increase inequality. meanwhile, there are concerns that costs could rise including mortgages after the bank of england hints a sizeable interest rate rise could be coming. i think it is hard not to draw the conclusion that all this will require a significant monetary policy response. the chancellor has defended the government s plan and has today tried to reassure big investors and critical mps from his own party. also tonight. sir keir starmer sets out his plan to the labour party conference including a state owned green energy company. britain will get its future back a country where aspiration is rewarded, where working people succeed, a force for good in the world, a clean energy superpower, a fairer, greener, more dynamic nation. two pipe lines that carry gas from russia to europe suddenly spring a number of l

Transcripts For BBCNEWS The Context with Christian Fraser 20240706

tonight with the context, ron christie former adviser to george w bush and ayesha hazarika journalist and former labour adviser. welcome to the programme. it s the first day of the new us congress and it s already one full of drama. the new us congress and it s after the swearing in of the new members, the new house of representatives is stuck at the very first hurdle, choosing a new speaker of the house. we ve already had rounds of votes. the latest kevin mccarthy received. short of the 218 majority. this is the scene live in the house now another round of voting is under way. nothing can go ahead until a new speaker is elected, so this could go on for hours or perhaps even days until someone is chosen. we ll go live to our correspondent will grant on capitol hill for us in a moment. but first, let s rewind back to the days and weeks before the midterm elections. all the polls pointed to a resounding republican victory in the house, a red wave that would have meant today w

Transcripts For BBCNEWS The Context with Christian Fraser 20240707

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

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