welcome to the programme. amid the turmoil in uk markets this week, the chancellor met the us banks today and was told in no uncertain terms that his budget which he has planned for november is way too far away . the government needs to communicate much sooner, said the banks, on what the solution will be to the problem the city believes they created. it has been another chaotic day on the markets. this morning, the bank of england performed a screeching u turn, putting the brakes on its plan to sell government bonds and instead launching a new scheme to buy them. think of it as a form of digital money printing. the bank is creating funds to to buy bonds which the government issues to borrow money. and this is why. since the mini budget, the cost of government borrowing long term has shot up. it was spiralling above 5%. that s a 20 year high. we have seen rises in the last two days that would normally take years. the bank of england is buying up the debt, in essence creating
after the storm system devastates cuba. welcome to bbc news broadcasting to viewers in the uk and around the world. the leaders of denmark, sweden and poland say that rare gas leaks that have hit the nordstream pipelines seismologists reported underwater explosions just before the leaks. nord stream one is leaking at two points, a day after a similar leak affected its sister pipeline, nord stream two. the danish authorities have warned ships to avoid the area near the island of bornholm. i just want to show you these pictures from denmark s defence command, which show bubbles on the surface of the baltic sea above the pipelines they report the largest patch of sea disturbance is 1km wide. well earlier the polish prime minister, went a step further and linked the incidents to the situation in ukraine. translation: we do not yet know the details of what happened - but we clearly see that this is an act of sabotage. this is an act that probably signals a new phase in the escalat
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