announced by his predecessor, kwasi kwarteng, in last month s mini budgetjust three weeks ago. in an emergency statement this morning, he abandoned indefinitely the planned ip cut in the basic income tax that was due to come next year. help with energy bills will now only last until next april. instead of for two years, and then that will be reviewed. today, jeremy hunt claimed all of those announcements will save £32 billion a year, but he also warned that there are going to be more difficult decisions ahead on tax and spending to cut government debt. he will be addressing mps in the commons later this afternoon, some time after lipm. before then, there will be an urgent question in there will be an urgent question in the commons asked by sir keir starmer. it will not be liz truss responding to that, it will instead be penny mordaunt. so plenty ahead in the commons. in terms of the market reaction, jeremy hunt said that he had sought to reassure the markets this morning and
plus, breaking news. a trump employee told federal agents about personally moving documents at mar-a-lago, the order to that employee came directly from donald j. trump himself. and that is after he got the subpoena. oregon hasn t voted for a republican governor in 40 years, so why is president biden worried enough to go there in the final days of this campaign? let s go out front. and good evening. i m erin burnett. out front tonight, putin wants revenge. russian authorities tonight announcing they ve arrested eight people in connection with the bombing of that crucial bridge linking crimea to russia. the only way to get from crimea to russia is that bridge. that blast cutting off a crucial supply route for russian troops inside ukraine. the eight people we know to be in custody are these, five russian citizens, two ukrainians, and a national of armenia. the fsb is claiming that all these individuals helped ukrainian spies to transport 25 tons of explosives to the bridge
president with the violence. tonight with the context, mick mulvaney, president trump s former chief of staff, and the former conservative cabinet ministerjustine greening. hello, welcome to the programme. on a tour of the television studios this morning, the business secretary jacob rees mogg tried to blame the bank of england, rather than the uk s economic policies, for the recent market turmoil. what has caused the effect in pension funds, because of some quite high risk but low probability investment strategies, is not necessarily the mini budget. it could just as easily be the fact that the day before, the bank of england did not raise interest rates as much as the federal reserve did, and i thinkjumping to conclusions about causality is not meeting the bbc s requirement for impartiality. it is a commentary rather than a factual question. it s notjust the bbc pointing to the cause and effect of kwasi kwarteng s budget. while there is undoubtedly a global element to this
richard walker. former cabinet minister andrea leadsom. and the bbc s deputy political editor, vicki young. the chancellors day began like this. this 45p rate was simply a distraction in our mission to achieve higher growth. a u turn on the scrapping the 45p top rate of tax a policy he d announced in his mini budgetjust 10 days ago. now, in a little under 15 minnutes he ll be addressing the party faithful to persuade them that he is the man to be trusted with the economy through turbulent times. welcome to politics live in birmingham. andrea led some, after the market turmoil following the mini budget on the 23rd of september by kwasi kwarteng, and then the dramatic u turn overnight and this morning, on a central plank of that budget, and the economic perspectives of the government, how damaged is kwasi kwarteng s authority? i damaged is kwasi kwarteng s authori ? ~ ., , authority? i think it was really important authority? i think it was really important that author