Transcripts For BBCNEWS BBC News 20240714 : comparemela.com

BBCNEWS BBC News July 14, 2024

Very strong winds, particularly gcioss very strong winds, particularly across england and wales. All because of this, this beautiful swell of cloud on the satellite picture. It may look beautiful but it packs a punch, strong winds and speckled cloud coming in from the south west, heavy, squally, thundery showers which will come in this afternoon, persistent rain across scotland. Largely dry wood not too many showers in the far east of england but wins a feature of the weather particularly in the south west later on. Temperatures 16 to 26 degrees, feeling muggy and humid. This evening and tonight, you can see these blobs working across the chart, more heavy downpours and thunderstorms. The wind increasing gcioss thunderstorms. The wind increasing across england and wales but easing back a touch across scotland and Northern Ireland, and those are your overnight lows, 13 to 17 degrees. Here is your area of low pressure, on its southern front, white light squashed together, whenever you see that, it shows that the wind will be strong, particularly england and wales. The showers should go through pretty quickly but further north the winds will be lighter, breezy across northern and Western Isles but for central and eastern parts of scotland, light winds. Whether showers and thunderstorms show up, they could be with you for some time. Asimilar they could be with you for some time. A similar story for Northern Ireland and the far north of england. Some showers further south but i have put the black wind arrows on the chart, they are the gusts. Inland across england and wales, we could see 50 mph or more, very unusualfor could see 50 mph or more, very unusual for the could see 50 mph or more, very unusualfor the time could see 50 mph or more, very unusual for the time of year. 60 mph for coasts and hills, that could cause problems for outside events. And the temperature is 19 to 23 degrees. The downpours continue on saturday night as do the winds, the strong Winds Continuing into sunday morning, this is the sustained winds could cause problems. The rain will slowly ease on sunday, rain pushing slowly eastwards. And the rain coming down from the north, so a very cool day in the north on sunday. Before we get there, heavy rain and strong winds, warnings from the met office, read about them online. A reminder of our top story. The british economy shrinks for the first time in six years as manufacturing and construction struggle. Thats all from the bbc news at one. And on bbc one we nowjoin the bbcs news teams where you are. Good afternoon. Its 1. 30pm and heres your latest sports news. The new premier League Season kicks off tonight as liverpool host newly promoted norwich at anfield. Liverpool finished second last season, just a point behind champions Manchester City but with a club record total of 97 points. Jurgen klopps side went on to win the Champions League and have since had a quiet summer transfer window. Whats very, very important, even as a team who won the Champions League last year, we have to stay the team who nobody wants to play against and not because of the name, not because of the quality but because of the intensity that we put in the game and that is what i will ask the boys for and thats what we have to show tomorrow night for the first time in this season. We are playing a team who finished with more than 90 points last year in the premier league. You can discuss about it, but 1 , it is probably the best team in the world for me and it is one of the toughest tasks you can get. And ill be live from anfield for sportsday tonight ahead of the game between liverpool and norwich. Well have all the build up to that game and looking ahead to the rest of the season. Thats at 6. 30pm on the bbc news channel. And there will be full match commentary of that game on radio 5live tonight the first of 140 Live Premier League commentaries coming up for listeners over the course of the season. The bbc sport website and app will have live text commentary of every single game including the champions Manchester Citys first fixture at west ham at lunchtime tomorrow. Manchester united manager 0le Gunnar Solskjaer has defended the clubs summer transfer policy. Striker romelu lu ka ku was sold to inter milan yesterday. Solskjaer says he is delighted overall with uniteds transfer business but understands the frustrations of supporters. Of course, theres always going to be fans out there who want to sign players. Thats just part and parcel of being here, so the players are here now. They have been shown that trust and we believe in them. Eddiejones has named his england squad for sundays Rugby World Cup warm up match against wales at twickenham on sunday. With the tournament in japan now just a little over a month awayjones has handed debuts to gloucester scrum half willi heinz and bath wing rory mcconnochie as they make a late bid for Rugby World Cup selection. Englands head coach said his focus for the four warm ups is on developing a team capable of winning. The captain will become waless most capped player. They will be the 33 year olds 135th test match, nine with the lions. It is an unchanged back lane for wales. Now, how about this for an impressive debut . Former wasps and england winger Christian Wade only quit rugby union in october last year to pursue his dream of playing in the nfl. Well, he made his debut for the Buffalo Bills last night afterjoining them in april, and scored a sensational 65 yard touchdown as his team beat the indianapolis colts. Wade remains third in the all time premiership try scorers list with 82 and now hopes to earn a place on the bills squad for the upcoming season. Thats all the sport for now. You can find more on all those stories on the bbc sport website. Thats bbc. Co. Uk sport. More from me on sports day at 6. 30pm. Thank you, holly. Good afternoon, you are watching bbc news. Lets look at some of the main stories around this lunchtime. The chancellor has been defending the strength of the uk economy in the wa ke strength of the uk economy in the wake of the worst set of economic results in 2012. Figures out today show that the economy shrank between april and june. The chancellor has been talking to our economics editor, faisal islam. There will be surprised by todays figures. There was a general expectation that growth in this quarter will be slower the previous quarter and the important thing is that the fundamentals of the uk economy remain very strong. Weve got record employment, weve got unemployment at its lowest level for 44 years, wages are growing at their fastest rate for a decade. We have National Debt falling as a proportion of gdp. In fact, the imf is forecasting that we will grow faster this year than germany, than italy, thanjapan, as fast as france and saw the fundamentals of the uk economy remain resilient and strong. We are going to have a spending round up very soon, in the next month, and one of the things i have done is i wa nt to one of the things i have done is i want to make sure that all departments, including my own, are very focused on our priority which is to make sure that we leave the European Union on october the 31st. Thats why i am having a one Year Spending round up so we can get focused on our priority, but i am confident that we will be able to meet all our priorities and that certainly means increased focus on nhs, on police and on schools. Chancellor, you have promised to turbo charge everything in your first days as chancellor and the first days as chancellor and the first figures that come out show an economy that is contracting. What is happening . This is notjust down to global factors. There are uk specific factors in this number. Todays figures were not a surprise in any way. Any forecaster. It is 0. 2. It is weakening versus the previous quarter, but first of all, there are global factors. We are seeing a significant slowdown in major global economies and just this week, we had some very poor figures from germany, one of the other european powerhouses alongside the uk, and that shows you there are globalfactors. There of uk, and that shows you there are global factors. There of a trade war which has been around now for months and that is certainly having an impact, but also what everyone knows and that is certainly having an impact, but also what everyone knows in this particular figures impact, but also what everyone knows in this particularfigures is in the previous quarter, we saw some significant stockpiling by British Businesses in anticipation of the brexit is that never was and now they are using those stockpiles, they are using those stockpiles, they are using those stockpiles, they are coming down, so we are seeing volatility in those figures and one of the best ways to actually end this volatility is to bring certainty around brexit and make sure we leave on october the 31st. But, i mean, there are a number of things there. It is pretty clear that there is a brexit factor here. To deny that brexit has not brought this down into recession, the first for seven years . The first shrinkage for seven years. In the First Quarter of this year, the number was unexpected the higher than was expected in terms of growth because of the stockpiling. It is not a surprise that it is lower in the second quarter, so we are seeing this kind of volatility, but at the same time, everyone also knows that the fundamentals of our economy are very strong. You are talking about some of the growth figures compare to the past. Today, our economy is 19 bigger than it was in 2010. It shows you that the hard work that british people is paying off and our economy are strong british people is paying off and our economy are strong and will remain strong as we exit the European Union. Can you rule out a recession . Lemon like i am not expecting a recession at all. Dont take my word for it. There is not a single leading forecaster out there that is expecting a recession. The independent bank of england is not expecting a recession because they know that the fundamentals remain strong. The imf is forecasting that we will grow faster this year than germany, italy and japan. We will grow faster this year than germany, italy and japan. So, this was a weak figure. There are some one off brexit factors but there are some fundamental factors around Business Investment and confidence. You want to be the chancellor who turbochargers growth and yet, if we have a no deal brexit on october the 315t, that will be the biggest imposition of red tape upon our businesses that any chancellor could ever have imagined, customs procedures, Animal Health checks, all this sort of stuff. How can you contemplate that imposition of red tape on British Business . First of all, i hope to be the chancellor that reduces red tape. These are costs on billiards as and where they dont make sense, we should half them. If we have a no deal brexit, andi them. If we have a no deal brexit, and i must make clear that we want a deal, the whole government is united that we want a deal, but most of all we wa nt that we want a deal, but most of all we want to bring certainty, and that is why we must leave on october the 3ist is why we must leave on october the 31st and if that means leaving with no deal, that is what its going to be. But no deal is impacting upon businesses, that is what the governor of the bank of england said. They want certainty around brexit but also they want to know that the government is preparing, so i announced last week that we will put £2. 1 billion into our preparation costs on top of the 4 billion that is already there and this shows you, i think, how significantly we are taking this forward and i am not pretending on the government does not pretend that we are in control of everything that happens in a no deal because we do not know what france is going to do, but we are in control of what we do andi but we are in control of what we do and i am confident that we can be ready, including 480 deal brexit and we will notjust get through it but at the end of a no deal brexit, our economy will remain very strong and we will have a very bright future. And you will be the chancellor, having championed austerity and fiscal prudence, that signs the cheques for a Boris Johnsons spending splurge . Posterity for me means living within your means and i will be a chancellor that make sure our country continues to live within its means. The good thing is that because of the expected growth from the leading forecaster, our economy remain strong which means we can continue to invest in the priorities for the british people. The chancellor they are talking this morning to faisal islam. Heavy security remains in place across indian administered kashmir, with reports that the conditions of the curfew currently in place there has been slightly eased for friday prayers. The muslim majority region has been under curfew since the indian prime minister, narendra modi, revoked the areas right to greater autonomy earlier this week. 0ur correspondent yogita limaye, is one of the few International Journalists in kashmir. She sent this report. Kashmir is a fortress. Tens of thousands of indian soldiers line its streets and highways. Police va ns its streets and highways. Police vans announcing there is a curfew in place do the rounds. Boys raising anti india slogans are chased away. And there are checkpoints everywhere. We are asked for passes and after some convincing, we are asked to go ahead. Because of the environment of fear, it has been hard to speak to kashmirs people, so away from the eyes of the security forces, we have come into the small lanes. In a 1 room home, we meet an elderly couple. With full lines cut off, television has been their only source television has been their only source of information. Modi has done what he wanted to do, but he has left us to die. She tells me that she breaks down. What india has done, it has done for itself, not for us. They have smothered us. They have destroyed us. Their son overhears our conversation and joins in. How are we free, he asks. This is worse than being in jail. 0utside, people are curious, asking for information, telling us how angry they are. What you are seeing here, stones are strewn across the street, signs that a protest took place here earlier. Clashes like these have been breaking out here and parts of southern kashmir as well. But the anger inside isnt really spilling out onto the streets. As we have seen happen before in kashmir. The reason for thatis before in kashmir. The reason for that is that people are not able to communicate with each other and because of the tight security deployment. When the soldiers begin to withdraw in the evening, a few stone come out. What will happen when the is lifted . That is the question on everyones mind. In a moment well have all the Business News, but first the headlines on bbc news. A Church Warden is found guilty of the murder of University Lecturer Peter Farquhar in the village of Maids Moreton the uk economy shrinks for the first time in more than six years, raising fears of a recession. The chancellor says the dip was expected. A man appears in court charged with the attempted murder of pc stuart 0utten in east london. Good afternoon. The Business News now. Sterling, the pound, has fallen toa34 now. Sterling, the pound, has fallen to a 34 year low against the dollar after the release of the gdp figures. It is also at a ten year low against the euro having dropped to 1. 075, but has recovered a little since then. As we have been hearing, the uk economy contracted or gdp contracted 0. 2 between april and june. That is its worst performance since 2012. The numbers are official government statistics but may be revised at a later date. It follows an uptick in Economic Growth in the first three months of the year because of stockpiling ahead of the expected brexit date in march. Malaysia has charged 17 former and current Goldman Sachs bankers including richard gnodde, goldmans most senior banker in london over the corruption and Money Laundering investigation at its state Development Fund 1mdb. Goldman helped raise 6. 5 billion through Bond Offerings for 1mdb. The bank said it would vigorously defend the charges. 0il oil prices have been following as well, down about 4. 5 on wednesday toa well, down about 4. 5 on wednesday to a seven month low. This is because of the escalating trade or tensions between the us and china hitting the outlook for oil. Emma richards is senior industry analyst at fitch research. What is the main thing driving the price down . Is itjust a slowing of the Global Economy generally . Yes, i think that is having a huge impact. Mainly it is down to the escalating tensions, as you said, between the us and china. That is fuelling what is already very nervous of Market Sentiments for oil and it is leading toa sentiments for oil and it is leading to a physical weakening in the demand for oil. Oil demand has come under a lot of pressure in the year to date and where we are seeing most of the weakness is in diesel and other industrial fuels and that is really a reflection of how far the economy and global trade growth is already slowing. When you say diesel and other fuels coming already slowing. When you say diesel and otherfuels coming down, does that mean that when i go out to the petrol pump, i will get a cheaper gallon or a litre of petrol . U nfortu nately, gallon or a litre of petrol . Unfortunately, not so much in the uk or europe because of the effects of tax, but in other parts of the world, yes, it will have that im

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