we ll also look at the crisis in sri lanka. the president has confirmed he will step down after protesters stormed his palace. and we ll look at twitter s share price, which has fallen welcome to college green in front of parliament, where the process of selecting a new leader of the conservative party and new prime minister is under way. if i m occasionally glancing this way and that, sir graham brady, the committee chair, will be speaking in the next few minutes. he will outline the rules of the tory party leadership contest. bear in mind since thursday, effectively that contest began. we still don t know precisely how that will work. what we do know is what the stages of the contest will be. first, each candidate will need to find a number of conservative mps to back them. in previous contests, it was eight. this time, it could be as high as 20. then the 358 conservative mps will vote for their favourite candidates in a series of elimination rounds. let s speak to our poli
the first hosepipe ban in wales for 30 years comes into effect, as drought is officially declared in parts of the country. apple has released an urgent security update for its iphones, ipads and macs after two serious vulnerabilities were found that could allow attackers to gain access to someone s device. good morning and welcome to bbc news. i m samantha simmonds. four out of ten young people in the uk signing up for new private tenancies, are spending an unaffordable amount of their income on rent, new figures suggest. housing experts say spending more than 30% of income on rent is unaffordable, and the proportion of young renters grappling with high housing costs is at a five year high. our consumer affairs correspondent colletta smith reports. no one likes paying rent, but right now, people under 30 like mia are paying through the nose. my tenancy is ending soon and looking for new tenancies is just more and more expensive. it s disheartening because it feels like you
spectrum this morning, and keeping you up to date with the very latest. and i ll be looking at the big challenges for a new chancellor. with rishi sunak out, will the prime minister try and spend his way out of the cost of living crisis? also this morning, police in the us have charged a man with seven counts of murder, after a gun attack at an independence day parade near chicago. good morning. it is said to be the biggest women s sporting event in european history. the euros begin at old trafford tonight, with england opening the tournament against austria. good morning. to date are going to be windy in the north. also some rain. further south, some cloud to start. sunny breaks will develop and it will feel pleasantly warm. details later in the programme. good morning. it s wednesday, july 6. welcome to breakfast. how did you sleep last night? rather better, i suspect, that the man who lives here. it s been a whirlwind 2a hours for the prime minister, who is fighting for po