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Transcripts For BBCNEWS BBC 20240703

44 year old man has been arrested on suspicion of wounding with intent to cause grievous bodily harm. The xl bully dog was destroyed at the scene. Police say in order to make sure the safety of the public. We will bring you many developments. Lets turn to the conservative Party Conference in manchester where in just over an hours time, the Prime Minister is expected to confirm that the part of europes biggest Infrastructure Project the h52 high speed rail line connecting london to the north of england will not be built as planned. Costs have risen and the train line, which is already being built from london to birmingham, will not continue onto manchester. Hs2 trains will still run to the city, but on slower existing tracks, defence secretary grant shapps said earlier. The route from birmingham to leeds has already been scrapped. Lets get more reaction about the future of the h52 rail link. Frances read is at euston which is the designated terminus in london. What has the response been

Transcripts For BBCNEWS BBC 20240703

With the north of england and the East Midlands. But costs spiralled and it was scaled back. The eastern leg of h52 was cancelled two years ago. Now birmingham to manchester has also been scrapped, as well as the line to East Midlands parkway. Well be getting reaction from all along the network tonight. Our transport correspondent katy austin is in birmingham, our north of england correspondent danny savage is in leeds, but first lets go to our Political Editor chris mason in manchester. Sophie, for at least three weeks the plug has been poised to be pulled on a big chunk of hs2. Today, it was yanked out. The Prime Minister acknowledged it was a controversial decision, but he insisted it was the right call, even though there are plenty, including in his own party, who think it is a huge mistake. And all of this on a day of big announcements from rishi sunak. Manchester this lunchtime, and the Prime Ministers warm up. Rishi and i are each other s best friends, and i couldnt being anywhe

Transcripts For BBCNEWS Verified 20240703

For the Us Government to borrow money for 30 years. The big spike at the end is the concern. That is the cost of borrowing over 30 years. The Us Government is being forced to pay more as investors worry they will lose out when compared to the returns they can get from those higher Interest Rates. Its a similar story in the uk where like other governments there will be concern in the corridors of power that it costs more to pay off the National Debt and so there is less cash for other things. Simon french is Chief Economist at the uk Investment Bank Panmure Gordon and i asked him to explain to me what is going on. Your summary was pretty accurate. The higher for longer Interest Rate environment is spooking investors who have been for at least 15 years of the view that Central Banks have their back in terms of keeping Interest Rates low, but also buying Government Debt, quantitative easing, money printing, which many viewers have been familiar with over the last 15 years, has gone into r

Transcripts For BBCNEWS Breakfast 20240703

Brighter with a few showers and it is still going to be worn this weekend. Its wednesday the 4th of october. After weeks of speculation, the Prime Minister is expected to use his leaders speech at the conservative Party Conference to confirm that hes scrapping the second leg of h52 from birmingham to manchester. Labours andy burnham, the mayor of Greater Manchester, accused the government of treating people in the north as Second Class Citizens, while the West Midlands mayor andy street, a conservative, was said to be distraught. Our Political Correspondent Damian Grammaticas reports from the conference in manchester. Pushing his way through the late night conference crowds, rishi sunak, relaxed and smiling. He has, it seems, made his mind up. Its the end of h52 to manchester. This was what the pm was saying 2a hours ago. What i want to do is make the right decision for the country. This is an enormous amount of peoples money, taxpayers money, everybody watching, billions and billions

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