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Transcripts For BBCNEWS BBC News 20240707

the new uk chancellor, jeremy hunt has been in talks with prime minister, liz truss as they consider further changes to the mini budget that had been the centrepiece of her economic plan. 48 hours into thejob, mr hunt has made clear nothing has been ruled out on taxes or spending. he also said the prime minister is in charge. some of her own mps are continuing to criticise her though, and are calling for changes to her team and they re questioning whether she can remain in office. here s our political correspondent ben wright. behind the doors of the prime minister s country retreat, liz truss met her chancellor not unusual in normal times, but these are not. jeremy hunt has been sent in to urgently rewrite the government s economic plan. so who has the power now? the prime minister is in charge. really? i think it is important that when you talk about ditching things, the biggest element of that mini budget was the energy price guarantee. some tory mps think liz truss ne

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Transcripts For BBCNEWS The Papers 20240707

gentlemen. quick look at the front pages. we will start with the mail. it leads on speculation mps will move to topple liz truss this week. meanwhile, the metro details three separate plots to oust her. the mirror is rather more blunt, saying tory mps want truss to just quit now . the independent says senior tory figures are telling her the game is up . the guardian echoes this sentiment but suggests truss will try to fight on. it might be too late, though the times suggests the party is looking to crown a new leader already. the express, meanwhile, focuses on the economic backdrop to all this, asking if her latest u turn will be enough to turn things around. and there we go, that s the times, we have caught up. and amid all this, a plea for unity by former leadership rival penny mordaunt on the front of the telegraph. let us begin our chat, sebastian and merchant. lovely to have you both with us again. sebastian, it is your round, this one. we are going to start off wi

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Transcripts For BBCNEWS BBC News 20240707

inflationary pressures will require a stronger response than we perhaps first thought in august. manchester united footballer mason greenwood is arrested for allegedly breaching bail conditions that were set after he was taken into custody on suspicion of rape and assault injanuary. more than a0 turkish miners are now known to have died following an underground explosion dozens of others were injured. rugby league world cup hosts england get off to a flying start in the opening game of the tournament against samoa. good afternoon. the new chancellor, jeremy hunt, has today indicated that he will make major changes to liz truss economic strategy. mr hunt appointed yesterday after kwasi kwarteng was sacked from thejob said mistakes had been made by the government. he warned of difficult decisions ahead , suggesting taxes may have to rise and refusing to rule out spending cuts. meanwhile, in the last hour, the governor of the bank of england has predicted that uk interes

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Transcripts For BBCNEWS World Business Report 20240707

so they really are looking for some political and economic stability. well, for now, markets are calm. but investors say any mis step in appointing a new leader could see the uk plunged back into financial crisis a place in uk political history as the shortest serving prime minster ever. she lasted just 44 days in office before announcing her resignation yesterday. but she s also contributed another record to the english language. the shortest lived economic catchphrase. we started using the term trussonomics just six weeks ago. a plan for a low tax, low regulation, high growth britain by liberated by brexit. with the phrase and its policies now on the scrapheap, our business editor simonjack takes a look back at the rapid rise and fall of trussonomics. can we afford these tax cuts, chancellor? the road to liz truss demise arguably started here the not so mini budget that she and her chancellor announced with great fanfare. and i commend it to the house. trusso

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