The Prime Minister has warned that the budget this october will be painful, in his first major speech from no 10 since becoming Prime Minister. Speaking in the rose garden, he said his government had inherited a black hole in the public finances, of 22 billion. Those with the broadest shoulders should bear the heaviest burden, he cautioned, but he also said there would be big asks of everyone. The conservatives responded by saying the speech was an indication that labour had been planning tax rises all along. Vicki young has our top story. Blue skies and sunshine, but the Prime Minister didnt come here to paint a rosy picture. He has accused the conservatives of wrecking the economy, leaving him to put it right. There is a budget coming in october. And it is going to be painful. We have no other choice, given the situation that we are in. Those with the broadest shoulders should bear the heavier burden. I will have to turn to the country, and make big asks of you as well. Its already b
Good evening. Big asks are going to be made of the public in octobers budget, the Prime Minister said today, in a major speech in the number 10 garden. Sir keir starmer warned that his government had inherited a black hole in the public finances of 22 billion. He said those with the broadest shoulders should bear the heavier burden. The conservatives responded by saying his speech was an indication that labour had been planning tax rises all along. In a moment, well look ahead to what may be in the budget with our Business Editor simonjack, but first, our deputy Political Editor Vicki Young Reports on the Prime Ministers speech. Blue skies and sunshine, but the Prime Minister didnt come here to paint a rosy picture. He has accused the conservatives of wrecking the economy, leaving him to put it right. There is a budget coming in october. And it is going to be painful. We have no other choice, given the situation that we are in. Those with the broadest shoulders should bear the heavier
A row over the governments plan to have Quarantine Hotels for travellers Industry Bosses say theyve not yet been consulted. A green and pleasant land now but this site in cumbria could soon have a coal mine like this. So how does that square with the governments promises to go green . Must be something in the water the Bristol Street where having a baby is becoming something of a trend. And coming up on bbc news. Can england stop the mighty india on home soil . Joe root s men begin their test series in chennai tomorrow. A tough challenge lies ahead. Good evening and welcome to the bbc news at six. The uks Vaccination Programme is not only helping to curb the spread of the coronavirus it could also give the economy a shot in the arm. That is the view from the Bank Of England. While were in lockdown, the bank expects the size of the economy the gdp to shrink by 4. 2 in the first three months of this year. But it says a successful Vaccination Roll out should see a rapid recovery from spri
give up its secrets. rebecca morelle, bbc news. the time is 10:30pm and darren is here with the weather. hello, i want to touch on the flooding in italy first of all. this is just another example of severe weather becoming more severe and happening more often. it wasn t too long ago that this part of italy was in drought, but there has been six months of rain in the last couple of weeks which has certainly changed all that. this programme contains repetitive flashing images there s more analysis of the days main stories on newsnight with victoria which is just getting under way the site of the former redcar steelworks is at the centre of a furious row between the conservative mayor of tees valley and labour. truly shocking. industrial scale corruption on teesside. a huge site acquired by the public body south tees developments limited for £12 million, in 2019. what s going on then? we ll talk live to the conservative mayor who s facing labour claims of cronyism, corruption
Including against its oil industry which has helped fund its military activities and those of its proxies across the middle east. Data from Energy Analytics firm, vortexa, suggests that in the first three months of this year, iran exported more oil than at any time in the last six years, with most of it going to china. Iran currently produces about 3 of the worlds oil supplies. Earlier i spoke to Philip Worman who is a senior Managing Director we have heard about new sanctions from the us and uk, targeting executives of an Engine Manufacturer that supplied the drones iran used in that attack on israel. Companies also linked to irans Steel Industry are being targeted. Earlier i spoke to Philip Worman who is a senior Managing Director at Risk Consultanchs held. Philip advises on sanctions risk. Well, its interesting. Even with the recent Missile Attacks on israel, the price of crude really hasnt gone up in the same way that you saw with previous geopolitical shocks. So crude is kind of p