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
pope, benedict xvi, on the first day of his lying in state. you are watching bbc news. now it s time for review 2022. and one story that s led news bulletins in the uk throughout the last 12 months has been rising prices and their impact. victoria valentine, along with our team of economics and business correspondents, have been reflecting on the causes and consequences of the squeezed economy and the cost of living. big ben tolls. when big ben brought in the new year, few of us would have expected the year that was to follow. remember, in 2022 we started off very much in the grip of a global pandemic. who would have thought that another worldwide story would dominate the news agenda? tonight at 10, we are live in ukraine, a country at war, after a huge russian military offensive by land, sea and air. prices quickly rose to their fastest rate in over a0 years, and inflation touched everything, from our household bills to our wages and our hopes for the future. the global econ
parliament where they both candidates will have to present themselves with up there will be a vote of mps, which would be in indicative vote. it would show how many mps support each candidate and that vote would then be. michael forward to the conservative party members who have all week until friday next week to do in on line vote to choose one of the two. they will have seen ben which m p, how many mps favour each candidate or the alternative, only one passes the threshold at the minute rishi sunak is over, so rishi sunak patches a threshold. if he scoops up many more votes and penny mordaunt doesn t make 100 then there is no need to press forward with the rest of that process and rishi sunak tomorrow would be the winner. damien, thank you very much. i’m would be the winner. damien, thank you very much- you very much. i m delighted to say i m delighted you very much. i m delighted to say i m delighted by you very much. i m delighted to say i m delighted by the you
the gesture could mark a return to peace in the region after years of conflict. now on bbc news, it s time for review 2022 the cost of living. when big ben brought in the new year, few of us would have expected the year that was to follow. remember, in 2022 we started off very much in the grip of a global pandemic. who would have thought that another worldwide story would dominate the news agenda? tonight at ten, we are live in ukraine, a country at war, after a huge russian military offensive by land, sea and air. prices quickly rose to their fastest rate in over a0 years, and inflation touched everything, from our household bills to our wages and our hopes for the future. the global economy was already suffering from a long covid, with hold ups in supply chains causing headaches and higher bills for business. countries from france to finland faced a double blow of rising inflation, and at best, slowing growth, but a war in europe and the sanctions that followed changed ev