profits but the money is rolling in as it benefits from high interest rates. and qatar looks to cash in on the world cup to boost its economy we have a special report from doha. financial markets reacted calmly as it emerged that rishi sunak is set to be the uk s next prime minister. the pound is broadly unchanged against the dollar and government borrowing costs stayed lower after commons leader penny mordaunt dropped out of the leadership race. but the new prime minister inherits a daunting in tray with the cost of living crisis soaring energy prices and rising inflation. not to mention the war in ukraine and brokering a good relationship with europe. our business correspondent theo leggett has more. the news that rishi sunak is the new leader of the conserve the new leader of the conserve the party and will therefore become the next prime minister of the uk is something international investors seem to have taken in their stride. there has certainly been no return to th
hello and welcome to audiences in the uk and around the world. i m sally bundock. it s a big day ahead for the chancellor kwasi kwarteng as he delivers the keynote speech at the conservative party conference later in birmingham. the new finance minister is expected to insist the government will stay the course on his tax cutting growth plan despite the swift and turbulent reaction on financial markets. this time last week, the pound hit an all time low against the us dollar and days later, the bank of england was forced to take emergency action to protect pension funds. i m joined by dr roger barker director of policy at the institute of directors. how will kwasi kwarteng do today? what are you hoping chancellor will say? i’m today? what are you hoping chancellor will say? i m sure the chancellor chancellor will say? i m sure the chancellor will chancellor will say? i m sure the chancellor will reiterate | the chancellor will reiterate his commitment to taxcutting p
but most staff think it is. so who s right? we ll be hearing from the ceos of microsoft and linkedin. a new era for britain. that is how the new finance minister chancellor of the exchequer kwasi kwarteng is billing his plan for boosting the uk economy. mr kwarteng will be announcing the full details in the coming hours. but we already know the direction of travel. cut taxes, rip up regulations, and encourage more investment by the private sector. the government s already confirmed massive support for households and businesses to limit soaring energy bills this winter to be paid for by more borrowing. but some critics have questioned the affordability of the plan. and others argue lower taxes will do little to help the poorest in society. coletta smith reports. we will sit in here. i will brin: we will sit in here. i will bring it we will sit in here. i will bring it over we will sit in here. i will bring it over for - we will sit in here. i will bring it over for yo
hello there. let s start with news that has broken in the last hour the formerjapanese prime minister, shinzo abe, has been taken to hospital after apparently being shot while delivering a speech in the city of nara in western japan. he s said to be unconscious. local media reports say a sound like a gunshot was heard at the time. a male suspect has been detained. there is a press conference that will happen very shortly and when we get any new lines on this story, will bring them to you immediately. local reports say shinzo abe, former prime minister ofjapan, prime minister of japan, longest serving prime minister ofjapan, longest serving prime minister ofjapan, has been shot as in a state of cardiac and respiratory arrest. uk business groups fear the country could face weeks or months of political paralysis amid a deepening cost of living crisis, if boris johnson remains as britain s caretaker prime minister while a successor is found. the confederation of british industr
hello there. as you have heard, last minute talks to avoid strike action on the uk s rail network have failed. now, millions of people will face travel misery as the biggest rail strike in 30 years brings services to a standstill in england, scotland and wales. the first strike started this morning and more are planned on most major lines on thursday and saturday. the rmt union says its members oppose stagnating pay and want justice. but industry bodies have warned against a strike action, saying it would shatter hopes of recovery for many businesses . joining me now is dr roger barker, director of policy at the institute of directors. thank you forjoining me today. is it fair to say that businesses will go under this week as a result of the strike? that may well be the case. this is gonna have a big impact on business. that impact will be quite uneven. some of us will be able to go back to working, taking off where we left off during covid. other sectors won t be able to do