i think it s hard not to draw the conclusion i think it s hard not to draw the conclusion that all this will require conclusion that all this will require a significant monetary policy require a significant monetary policy response. ukraine accuses russia of sabotaging two major gas pipelines to europe in what it describes as a terrorist attack . the kremlin says it s concerning . hundreds of thousands of people are without power in cuba after a hurricane hit the island with wind speeds over 120 mph. it s now heading for florida. and it s liverpool vs glasgow, in the battle to find out which city will host eurovision 2023. the labour leader sir keir starmer has told his party s conference that the united kingdom needs a fresh start and a way out of what he called the endless cycle of crisis caused by the conservatives. in his speech to delegates in liverpool, he was scathing in his criticism of the government s handling of the economy especially of last week s min
and outgoing shells, every 30 seconds or so. it really doesn t stop. and science fiction made reality as nasa plans to try to divert an asteroid by crashing a rocket into it. we start in the uk where the bank of england says it won t hesitate to take action to control inflation, after the pound slumped to an all time low against the dollar. take a look at this chart from this morning s asia trading. at one point sterling fell to $1.03 the lowest since 1971 though it s since recovered slightly. there s been speculation that the bank of england may announce an emergency hike in rates to control rising prices. for the moment, that hasn t happened. well there s lots to unpack. first to understand what s happening today we must go back to friday and to this annoucement in parliament. i can announce today that we will catch the basic rate of income tax to 19p, in april 2020 three, one year early. that means a tax cut for over 31 million people injust a few months time. t
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