wings to talk to me. let me round up, because an hour or so we are expecting to hear from the chancellor, he is going to be making that statement and we are expecting pretty much everything in the mini budgets to be pulled back, except for the national insurance increase, the national insurance cut because that has already been legislated for, obviously big announcement, they help with the energy bills, that will be going ahead. other than that will be going ahead. other than that we are expecting everything that we are expecting everything that was announced in the mini budgetjust a matter of that was announced in the mini budget just a matter of weeks that was announced in the mini budgetjust a matter of weeks ago is expected to go by the wayside. let s bring in nick. nick, there is no precedent for this, is there? ida. precedent for this, is there? no, it s extraordinary precedent for this, is there? iirr, it s extraordinary stop we will have chancellor in an hour, he is going to
decisions that lie ahead will always be the most vulnerable. i remain extremely confident about the uk s long term, economic prospects as we deliver our mission to go for growth. but growth requires confidence and stability and the united kingdom will always pay its way. this government will therefore take whatever tough decisions are necessary to do so. thank you. the chancellor, jeremy hunt, with that five minute statement earlier that five minute statement earlier that was meant to be a taster for what is coming in the commons when he speaks later with the full statement. but we got the full flavour there, and that is all the tax cuts that were announced in the so called mini budgetjust three weeks ago are being scrapped, bar the ones that are already in progress in terms of legislation, and that is stamp duty and national
north. forthursday, between nine to 12 degrees in the north. for thursday, a band of rain extends from our area of low pressure to the south west. that pushes nor throughout the day. the rain heavy at times. temperatures still low for the north, but mild in the south, i9 still low for the north, but mild in the south, 19 in london, which is about three degrees above average for the state in october. that is how the weather is looking. thanks very much. you can keep up with all of the political developments on the bbc website. more from us here at ten. the news continues always looking for that more details coming up from us later on the week. today almost all of the prime ministers planned for the economy outlined in her so called mini budgetjust three weeks ago were overturned by her new chancellor jeremy hunt. tonight liz truss is fighting for her political survival. a number of her own mps are calling openly for her to quit. many more are doing so in anonymous briefings.
are you absolutely committed to establishing the 45 pence tax rate. yes. ., ., yes. little wonder after the u-turn some ministers yes. little wonder after the u-turn some ministers discovered - yes. little wonder after the u-turn some ministers discovered the - yes. little wonder after the u-turn some ministers discovered the art| yes. little wonder after the u-turn i some ministers discovered the art of quick walking when in the company of cameras. ., ., ., ., , , ., cameras. you are going to bump into wall, ou cameras. you are going to bump into wall. you are cameras. you are going to bump into wall. you are going cameras. you are going to bump into wall, you are going to cameras. you are going to bump into wall, you are going to bump - cameras. you are going to bump into wall, you are going to bump into - cameras. you are going to bump into wall, you are going to bump into a i wall, you are going to bump into a column. ., ., , ., ., ~ column. although others would talk. so
conference this afternoon. it follows a dramatic u turn this morning when the government suddenly dropped its plan to scrap the 45p top rate of income tax. only yesterday, the prime minister had insisted the tax cut would stay. but now kwasi kwarteng says criticism of the measure had become a huge distraction that had drowned out other measures announced in the government s so called mini budgetjust ten days ago. his change of heart followed mounting criticism among tory mps about the tax cut. our political editor, chris mason, reports. first thing this morning, things are moving. and fast. the planned tax cut for the highest paid is being junked, the highest paid is being junked, the government has blinked. it was the government has blinked. it was an ambitious the government has blinked. it was an ambitious plan the government has blinked. it was an ambitious plan and the government has blinked. it was an ambitious plan and we the government has blinked. it was an ambitio