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
thailand s prime minister attends the funerals of the children killed at a daycare centre last week. hello and welcome if you re watching in the uk or around the world. warnings of further attacks continue across ukraine this morning, a day after a wave of strikes by russia. yesterday, missiles hit cities across the country killing at least 19 people and wounding more than 100 more. air raid sirens have sounded across kyiv and other cities into this morning. the southern city of zaporizhzhia was shelled again overnight, with authorities saying one person was killed and public buildings including a school were damaged. work is under way across ukraine to restore electricity supplies damaged during monday s attacks. in his nightly address, volodymyr zelensky warned people to follow safety rules , saying the danger is still here, but we are fighting. later today the leaders of the g7 nations will meet virtually, and are expected to hear from the ukrainian president. mea
it has arrested eight people in connection with saturday s bombing of the kerch bridge that links russia with occupied crimea. a bbc investigation finds that up to 70% of donations being sent to displaced families in syria via tiktok are being taken by the social media platform. and tributes pour in for the british born actress, angela lansbury, best known for her role in murder she wrote, who has died in los angeles aged 96. hello and welcome if you re watching in the uk or around the world. there are more concerns for the uk economy as official data shows it shrank in august. meanwhile the governor of the bank of england said he won t extend a financial support package beyond this friday. the emergency measures were launched nearly two weeks ago because of the turmoil prompted by the chancellor s mini budget. official figures released show the uk economy fell by 0.3% in the three months to august. if it falls again in the next three months we ll be in a recession. there s
banks at senior levels. now the spokesperson adding that other managers taken over recent days will be in place after october the 14th to ease some pressures around pension funds. but the top line is the bank s emergency bond buying scheme, the emergency programme that the bank undertook after the market turmoil caused by the government s mini budget here in the uk last month in order to buy government debt and to try to calm investor nerves and calm the markets, that scheme is closing this friday. in spite of those reports that it was considering extending the programme. so a pretty significant announcement they re coming just a couple of hours before the uk prime minister liz truss is due to make her first appearance at prime minister s questions sense that mini budget last month. it will be interesting to see how the government responds
to be a lot worse. michelle fleury, bbc news, washington, dc. some news coming into us. the bank of england has confirmed its emergency bond buying scheme, the emergency bond buying scheme, the emergency buying of government debt, will close this friday. in spite of reports it was considering extending that programme. so we had heard from the governor of the bank of england yesterday that the scheme would end. they were then further reports that actually it would continue, but now the bank of england confirming that its emergency bond buying scheme will close this friday. a spokesperson for the bank saying, as the bank has made clearfrom spokesperson for the bank saying, as the bank has made clear from the outset, it s temporary and targeted purchases of gilts, another name for bonds, will end on october purchases of gilts, another name for bonds, will end on 0ctober14. the governor confirmed this position yesterday and it has been made absolutely clear in contact with