Macro advisory in moscow. He said the situation for the russian currency is unique. You should not be looking at it in the same way as if there was a slide in a normally functioning economy or a european economy. The rouble is entirely managed now by the central bank in conjunction with the Finance Ministry, and has been since we last saw the rouble collapse down to about 130 in march of last year. So the Central Banks priority last year was to keep the Rouble Exchange rate high at around 60, because it was tackling inflation, but this year, because of the sanctions impact and because that has led to a big hit on the value of russias oil exports in particular, they have devalued the rouble in order to compensate for that fall in dollar terms. In other words, weaker rouble translating dollars into a higher rouble amount to balance the budget. Thats been the priority this year. It doesnt reflect an imminent crisis. Sort of a broad collapse in the economy. Its the result of the central Ba
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Also coming up in half an hour on bbc london. The mother of a seven year old who died after being electrocuted by faulty wiring at a Pub Near Romford is calling for stricter regulations. And coming up on bbc news. Paris Saint Germain agree a deal to sell brazil forward neymar to Saudi Pro League side al hilal for a fee understood to be over £77 million. Good afternoon and welcome to the bbc news at one. Two thirds of nhs cancer waiting time targets are expected to be scrapped in england in a move the Health Service says is designed to catch the disease earlier. Its thought that the nine current targets will be reduced to three. The proposals have been worked on by clinicians and have been out for consultation since last year. Some Cancer Charities, though, say more investment is needed in treatment capacity. Our Health Correspondent Dominic Hughes has the details. Nhs england says it wants to simplify and update cancer Waiting Time Standards following the advice of expert doctors. The
He did not commit. A man who was wrongly imprisoned for rape has welcomed a government decision to scrap rules which meant people who had been cleared by the courts could be charged for living costs incurred injail. Andrew malkinson told the bbc the change was a step in the right direction, but said more needed to be done to support people who were wrongly convicted. Hes been talking to our reporterjoe inwood. He started by telling him how he felt when he was first told he had to pay for his living costs whilst in prison out of his compensation. It seems like a sickjoke. I thought what is the justification for paying the Prison Service because they dont treat you well in prison, they really dont. You should lose your liberty, you shouldnt be tortured by them. I thought, to pay these people for doing what they are doing to me is the most sickening, horrifying, repugnant thing i could imagine. When you were speaking and made this point and express yourself so eloquently that there was a
And the sports biggest prize. And after the wet and windy day for some of us yesterday, some improvements in the weather for today. For many of us they will be some sunny spells, it also a few showers which could be heavy at times. I will have the full forecast throughout the programme. Good morning. Its sunday the 6th of august. Our main story people who were wrongly convicted of crimes will no longer be charged living costs for the time they spent in prison. The Ministry Forjustice is scrapping the rule with immediate effect, following an outcry over the case of a man who spent 17 years injailfora crime he didnt commit. Joe inwood has the details. There are many shocking things about the case of Andy Malkinson. Ajury misled. Dna evidence suppressed. 17 years in prison for a crime he did not commit. But for many, it was the revelation that Andy Malkinson would have to pay back some of his compensation to cover board and lodgings that was most shocking. The very idea of paying, once yo