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
Stefanos tsitsipas has also been knocked out in four sets by Autralian World number 86 in four sets by australian world number 86 tha nasi kokkinakis. On court right now, world Number One Jannik Sinner is playing his first match since it emerged he had twice tested positive for a banned substance but escaped a lengthy ban. Not going so well for him so far. His american opponent Mackenzie Macdonald has raced to take the first set 6 2. And hes one up in the second. Away from the tennis. Olly stone will replace mark wood in the only change to englands 11 for the second test against sri lanka at lords. England have begun their preparation after a five wicket win at old trafford last week. Stone was in the squad for that one, but comes in to start forjust his fourth test cap, following woods withdrawal due to an injury. And hes hopeful he can make an impact. Ijust i just love, you, the ijust love, you, the slog, should i say, of that hard graft and going out there and providing your team wi
Welcome back. The relationship between the United States and china has been severely tested during president biden s term in office. But since may last year, the Us National Security adviser Jake Sullivan has developed something of a connection with wang yi, the senior Foreign Policy official in beijing who answers directly to xi jinping. They met four times in the last year, a channel of communication that has served as something of a Shock Absorber when tensions arise over taiwan, ukraine, the south china sea. Today, sullivan arrived in beijing to continue that conversation, with some suggestion that the two president s might be laying the ground for another meeting Beforejoe Biden Leaves office. Its really interesting, this, annabel, because it seems Jake Sullivan is the back channel between washington and beijing right now, and to what and . Because theres been some Sabre Rattling in respect of ukraine and the special materials ageing is applying to russia will do you think it coul
For three more weeks at least but children could return to schools there after the february half term. Exhausted. The Duchess Of Cambridge talks candidly about the challenges of both Home Schooling and Home Hairdressing her children. The rspb launches its Big Garden Birdwatch where members of the public are asked to spend one hour counting and recording the birds they see from their home and coming up this hour well meet a nurse who gave birth nearly three months ago while seriously ill with covid 19 who has held her daughter for the first time after being discharged from hospital. Good morning and welcome. A new Coronavirus Vaccine has been shown to be 89. 3 effective in large scale uk trials. The novavax jab is the first to show it is effective against both the uk and South African Variants of the virus, as you can see from this graph. The uk has secured 60 million doses of the jab, which will be made in stockton on tees. The doses are expected to be delivered in the second half of t
Powell makes his strongest plea for greater spending. Stocks selloff into the close, and treasury yields slide. Christine lagarde warns of a cliff effect if fiscal aid is ended too soon. France downgrades fourthquarter growth expectations to 0 . On nightlife. Down the german capital joins paris, madrid and london setting a curfew for businesses amid a resurgence in coronavirus cases across europe. Lets look at german industrial output figures. Speaking of the economic engine of europe, august industrial output falling 0. 2 month over month, that is worse than the estimates for a 1. 5 percent gain. In terms of an industrial output, things do not look good. News lets get breaking here in london. Numbers coming through from various corporates including tesco. Up by 7. 2 , the estimate was 7. 3 . They werenting appointing a new cfo, who will join the board. I think we knew the previous incumbent was going to leave the business, and this new cfo interesting to see if they give any comment o