can you point to a single chancellor, a single governor of the bank of england, a single leading economist who thinks that cutting taxes with borrowed money does anything other than increase inflation? patrick minford, who has written an article about it this weekend. there s one. he is distinguished in many ways, but he is not what ijust listed. he is not one of the leading economic thinkers in this country. nick, we have had a consensus of the treasury, of economists, of the financial times and other outlets peddling a particular type of economic policy for the last 20 years. here s conversion from.. you backed that policy when you were chief secretary to the treasury! it hasn t delivered growth. but you backed it. i controlled spending when i was chief secretary, and i was chief secretary for two years. but what i know about the treasury, from having worked there,
davie, that the interview was gained by martin bashir, that they will not be playing the programme in full or in part. there is one caveat in there, quite importantly, is it forms part of a historical record so there may be occasional exceptionally where it could be used in very narrow circumstances but not without the authority of the executive committee but we willjust quickly clarify again that the bbc has apologised publicly to tiggy legge bourke, the former nanny to william and harry, and agrees to pay the legal costs and acknowledged historical failings the legal costs and acknowledged historicalfailings in the legal costs and acknowledged historical failings in previous investigations. the headlines on bbc news. foreign secretary liz truss and former chancellor rishi sunak attack each other s policy on tax as they set out their pitches to the members of the uk conservative party. the new leader will become
is heading as well. as specially as a lot of debt that we pay, the government pay, is linked to inflation. the issues of tax and spending are playing such a central role in the leadership battle. yes, rishi sunak has been firm in his criticism of liz truss. he says you can t promise tax cuts, look at the state of the finances. he may have a point there. the government are confident they can get the debt down. they think inflation will start to ease off next year, and they are confident that the interest payments will come down. people with the bleeding disorder haemophilia b, have effectively been cured, according to british doctors. they say gene therapy delivered through a single injection could be available within the next three years. the treatment corrects a genetic defect that stops blood clotting. earlier i spoke to clive smith, chairman of the haemophilia society. he told me this was an important moment for people living
the same cabinet. that happens in all parties, it happened in the labour party and it is happening in the conservative party. but i do think particularly when you are in government, it places a particular responsibility on all of the candidates to be very responsible about how they go about it. what was interesting about, for example, tom tugendhat, when he was knocked out of the competition, he not only thanked his team, but he also was very positive about the other candidates. he took his defeat very graciously. that will stand him in good stead in the future. rishi sunak and liz truss really do need to remember that whatever else happens, at the end of this campaign, they are on the same team. and they both, ultimately, should have the same objective, which is winning a fifth term in 202a. but it is very easy to forget that in the heat of battle. heat of battle. you say about obviously heat of battle. you say about obviously winning heat of battle. you say about obviously winni
former chancellor rishi sunak and liz truss attack each other on tax. the new leader will become the next prime minister. the bbc has apologised to the former royal nanny tiggy legge bourke over a number of serious allegations made against her by panorama reporter martin bashir in order to obtain an interview with princess diana. italy s prime minister mario draghi is meeting president at a relative hand in his resignation after three main coalition ally snubbed him in a senate confidence vote. he will remain as caretaker. russian gas has started flowing again through the nordstream1 pipeline, after ten days of maintenance work. but the german government has speeded up efforts to find alternative sources of energy, wary that russia might close the tap for good. jenny hill reports from duisburg.