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Transcripts For BBCNEWS BBC News 20240707

the new uk chancellor, jeremy hunt has been in talks with prime minister, liz truss as they consider further changes to the mini budget that had been the centrepiece of her economic plan. 48 hours into thejob, mr hunt has made clear nothing has been ruled out on taxes or spending. he also said the prime minister is in charge. some of her own mps are continuing to criticise her though, and are calling for changes to her team and they re questioning whether she can remain in office. here s our political correspondent ben wright. behind the doors of the prime minister s country retreat, liz truss met her chancellor not unusual in normal times, but these are not. jeremy hunt has been sent in to urgently rewrite the government s economic plan. so who has the power now? the prime minister is in charge. really? i think it is important that when you talk about ditching things, the biggest element of that mini budget was the energy price guarantee. some tory mps think liz truss ne

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Transcripts for BBCNEWS BBC News 20240604 18:07:00

changed. it saying that those rules could be chanced. .., saying that those rules could be chanced. , . ., ., changed. it can be changed and if there is only changed. it can be changed and if there is only one changed. it can be changed and if there is only one candidate - changed. it can be changed and if there is only one candidate than i changed. it can be changed and if i there is only one candidate than the party has managed to come behind one candidate and they would not need to go to the members. there are rules there but those rules are very capable of being changed. and the fact is that the parliamentary party with a change in premise or that they will get one. she with a change in premise or that they will get one. with a change in premise or that they will get one. she could step down and speed they will get one. she could step down and speed things they will get one. she could step down and speed things up, but l they will get one. she could step l down and speed t

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Transcripts for BBCNEWS BBC News 20240604 18:02:00

the government s economic plan. so who has the power now? the prime minister is in charge. really? i think it is important that when you talk about ditching things, the biggest element of that mini budget was the energy price guarantee. some tory mps think liz truss needs to go, but her chancellor had this warning to his party. when i talk to my constituents in south west surrey, what they want is stability, and the worst thing for that would be more political instability at the top, another protracted leadership campaign. i think that s the last thing that people really want to happen. but a former cabinet colleague said liz truss needed to get more talent in her team. she needs to bring the broad conservative party into her government. so a reshuffle? she needs a reshuffle, because the reshuffle that she started her administration with, she took the decision which was respectable but high risk to only put in the cabinet people who had voted for her, and that means, you know, that

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Transcripts for BBCNEWS BBC News 20240604 18:17:00

unexplained but not believes to be suspicious. some breaking news to bring to you now. let s go back to our top story. back to our top story and the future of the prime minister and her new team. we re a few hours away now from the start of a new week of trading on the international markets but what are the numbers around the possible changes to the mini budget. our business correspondent marc ashdown has been looking at them. a lot of the many budget has already been on picts corporation tax will go been on picts corporation tax will 9° up been on picts corporation tax will go up after all. butjeremy hunt still needs to find around £25 billion, monday the last chancellor plan to give away in tax cuts. so what are his options? we are hearing that he may delay the plan for a ip cut in basic income tax. one unconfirmed at the moment but it could save £5 billion a year. that would still leave £20 billion to plug and it s hard to see how that could be found without tough cuts in

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Transcripts for BBCNEWS BBC News 20240604 18:00:00

this is bbc news broadcasting to viewers in the uk and around the world. i m lucy grey. the headlines. uk prime minister liz truss meets her new chancellor to discuss further changes to the mini budget as many in her own party question herfuture. jeremy hunt says voters do not need more turmoil. what they want is stability. and the worst thing for that would be more political instability at the top, another protracted leadership campaign. i think that is the last thing people want to happen. iranian authorities say four inmates are dead after a fire at a prison in the capital, as protests continue. china s president xijinping has defended his controversial zero covid strategy as the communist party gathers in beijing.

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