a bbc investigation exposes a culture of humiliation, verbal abuse and bullying at one of the uk s largest mental health hospitals. the us rapper coolio dies at the age of 59. could earlier kick off times keep football clubs in business? a meeting will be held today to come up with a plan to help clubs deal with rising energy costs. rain to clear south west england this morning and then sunny spells and showers. with winds, not feeling as cool as it has in recent days. details later in the programme. it s thursday, 29th september. the treasury has rejected calls to overturn its mini budget plans despite ongoing economic turmoil. it s after the bank of england had to step in to buy £65 billion of government debt when some types of pension funds were at risk of collapse. hannah has been looking at some of the details for us this morning. it is quite complicated, but what the bank of england has said it has done is necessary. yes, hard to overstate the extent of the fallout f
had to step in to buy £65 billion of government debt when some types of pension funds were at risk of collapse. hannah has been looking at some of the details for us this morning. it is quite complicated, but what the bank of england has said it has done is necessary. yes, hard to overstate the extent of the fallout from so called mini budget, which happened nearly a week ago now. since then, we ve seen a collapse in the value of the pound, and an increase in the cost of government borrowing, the government insists it will not change plans. yesterday the bank of england took emergency action. it pledged to buy £65 billion of government debt, known as bonds. it said the decision was made because some types of pension funds otherwise would have been risk of collapse. it is an about turn in policy. a week ago the bank was
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in this environment. and the price of those is much higher borrowing costs for the government and for mortgage holders and borrowers up and down the country. and, at some point, those higher costs of borrowing for everybody undoes the positive impact of any tax reductions all shorter tax reductions or shorter term growth measures. we have heard about the measures, but what is the landscape today? the -ound but what is the landscape today? tie: pound bounced but what is the landscape today? t te: pound bounced back but what is the landscape today? tt2 pound bounced back a little bit but in the long term it does not solve the confusion over the direction of uk economic policy. we are seeing how that can impact people across the country. mortgage lenders have withdrawn almost 1000 mortgage products over the past days as they react to the likelihood of a rise in
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