let s start here in the uk, where prime minister liz truss is no longer promising to increase state pensions in line with surging inflation, and has asked ministers to look for more spending cuts. two weeks ago, the prime minister said she was committed to what s known as the triple lock. that means payments rise by whatever is higher between prices, average earnings or 2.5%. however her spokesman said truss was now not making any commitments on government spending. inflation figures are out in a few hours time and expected to show its at 10 percent, whilst the figure for average earnings is just below 5.5%. joining me now is dan kemp global chief investment officer at morningstar investment management. this investment management. will be a real concern foi many this will be a real concern for many pensioners, this trust when asked about the triple lot can my colleague asked her she said she was committed to that? you are correct, it will be of great concern to pension
with less tha 48 hours until us midterm elections, president biden and donald trump continue on the campaign trail, in the push to win crucial votes. and elon musk threatens a permanent ban for twitter users who create false orfake profiles. we will tell you all you need to know. a very warm welcome to the programme. at the cop 27 climate conference in egypt, world leaders will highlight the steps they are taking to tackle global warming, as developing countries hope for reforms of the climate finance system. richer nations are to outline their programmes for reducing carbon emissions. poorer countries have welcomed the prospect of a debate on setting up a compensation fund. our climate editor, justin rowlatt, has the latest from the conference in sharm el sheikh. cyclones ripped through madagascar earlier this year. floods displaced more than a million people in nigeria last month, while another year of low rainfall pushed parts of somalia and elsewhere in east africa even c
so let s now get down to business and, as you ve been hearing, a stark warning has come from the head of the united nations that the world is sending out a distress signal and our planet is changing at a catastrophic rate. antonio guterres was speaking at the cop27 summit in egypt, where over 100 world leaders are gathering. last year, many economies pledged to reach net zero by 2050. but then things changed, europe s energy market was hit by russia s invasion of ukraine, and now countries face the prospect of blackouts and rationing of energy supplies. in response, germany, italy, the netherlands, greece and hungary have all extended production of coal and have re opened previously closed facilities. so can european countries still meet their net zero pledges? tim mcphie is spokesperson for climate and energy at the european commission. we have very dramatic challenges before us but we have written into law legislation that all member states have to follow. 0ur net zero ta
mayor says air defenses have been shooting down russian missiles all over the city. we re going to get an update on all of it for you. meanwhile here at home, the economy and politics are on a collision course. gas prices are up 20 cents in the last month. just 20 days from the midterm elections. in two hours, president biden will put the economy and energy front and center as he is set to announce he s releasing 15 million more barrels from our strategic reserve due to opec cuts and ease the pressure that folks are facing at the pump. new polling out this morning reinforces the politics of this and the warning signs for democrats. the economy remains top of mind for voters. and republicans have the edge on that issue as the electoral advantage is shifting in their direction on the generic ballot. but we re going to start with president biden s focus on the economy and energy prices. let s go right to kelly o donnell and her post at the white house for us. also with me, w
the funeral was no different. 2,000 voices felling westminster with the lord is my shepherd said to be the queen s favorite song, at her wedding, also here 75 years ago. the archbishop of canterbury invoking another song and another bridge from past to present. her late majesty s broadcast during covid lockdown ended with we will meet again. words of hope from a song of vera lynn. christian hope means certain expectation of something not yet seen. we can all share the queen s hope which in life and death inspired her servant leadership. service in life, hope in death. all who follow the queen s example and inspiration of trust and faith in god can with her say, we will meet again. the funeral ended with a simple incantation and buglers blowing the last post the british counterpart to taps. the father, the son, and the holy spirit be among you and remain with you always. amen. there followed two minutes of silence throughout the country and commonwealth. bi