sunak promised he would "cut your taxes, protect your pension and reduce immigration", repeatedly hammering a heavily disputed claim that labour would put up taxes by £2,000 for every working household. have a listen to this. this election is about the future and i'm clear that i'm going to keep cutting people's taxes, as we now are. can wejust... you want to put everyone�*s taxes up by £2,000. mark my words, labour will raise your taxes. it is in their dna. your work, your car, your pension... thank you, 0k... . . david, labour will tax it. we will raise specific taxes and we have been really clear what they are. we have already dealt with the tax rate on private schools. we want to end the non—dom status completely. i think that the super—rich should be paying the tax. applause. i want to get rid of the equity loopholes that are there again for the super—rich and i think the oil and gas companies should be paying their fair share towards our energy. applause. so we will raise those but we won't raise the others. so that gives you a taste of the more than one hour debate. but very little was said about their plans to boost business which many argue is the key to seeing economic growth in the uk. well, let's get reaction from the confederation of business industry — mohammad jamei is their director of economic policy. good to have you on the programme. what did you make of the debate? figs programme. what did you make of the debate?— the debate? as you said, it has been quite _ the debate? as you said, it has been quite challenging - the debate? as you said, it has been quite challenging to - the debate? as you said, it has been quite challenging to see l been quite challenging to see what has been said about the business environment and how they will boost growth from the debate last night. i think this is an area in the medium term, long term in particular, what we know for the uk economy is we know for the uk economy is we have to boost productivity and we know that businesses are facing acute labour shortages and that the workforce at the moment is not, businesses are finding it hard to recruit the right skills and people into the right roles. what we really didn't hear much about last night is how that is going to improve. the debate was focused a bit on the nhs, a key aspect of the businesses in particular to help with their workforce. there was a discussion around immigration although our stance is the setting immigration numbers wouldn't be the most helpful because really what we need is a broader systematic approach to the labour force and to investment, to ensure that we have the right skills and the right people in the right roles while we are boosting productivity and increasing how efficient businesses are and how efficient the uk economy is. i think on that front, we haven't heard that much and we will have to wait and see when the party manifestos are launched to see if there is more detail. but i think that is an area businesses will certainly feel they would like more detail on and i think the other thing i would add is something we have put forward in particular on the tax side has been that we would like to see more stability and certainty and we have asked for tax road maps to be set out in the first 100 days of a new parliament to ensure that we can make a pitch to have additional investment internationally in particular because one thing that we know investors really value is that certainty and predictability of the tax system and again, i don't think we saw all that much there last night and so that will be another area businesses will be looking at to see. , , ., . to see. just to inter'ect, obviouslyfi to see. just to inter'ect, obviously they fl to see. just to inter'ect, obviously they are h to see. just to interject, i obviously they are playing to see. just to interject, - obviously they are playing to their audience, obviously they are playing to theiraudience, it obviously they are playing to their audience, it was on prime—time tv last night, they are thinking about the whole of the united kingdom as opposed tojust the the united kingdom as opposed to just the business audience. i'm sure that sir keir starmer and rishi sunak have been talking at length to the cbi about what they hope for, what their plans, they want the business vote and as you say, when times are so tight economically, whoever gets into power, they cannot spend an awful lot of public money, they haven't got the money to spend. so there is very much i hope that small and medium—sized enterprises will help the uk economy grow going forward? i don't think we can just rely and hope for us to grow out of the current challenge we have when it comes to her, as you say, public finances being incredibly tight and what we have called for is plans for the first 100 days of a new parliament to set out a new long—term business tax road map so businesses and investors in particular are aware of what the government seeks to look at when it comes to such taxes and to set out a plan for the parliament ahead and we have also asked alongside that for measures to boost labour market productivity through making things like employee assistance programmes on condition of health tax to ensure businesses are able to play their role so people who are in work and they don't get onto the long term sick while and also the last thing has been around planning. planning and grid connectivity is the third thing we have asked for in the first 100 days. what i would really say is we can'tjust hope that businesses will be the engine for growth given the virtually 0% growth we have seen in the last two years, something has to change and government can really play a role in incentivising and boosting that and a new government of whatever stripe will have an opportunity. whatever stripe will have an opportunity-— whatever stripe will have an ouortuni . . ., opportunity. thank you for your reaction, opportunity. thank you for your reaction. we — opportunity. thank you for your reaction, we have _ opportunity. thank you for your reaction, we have delivered - reaction, we have delivered there but we do appreciate your reaction from the cbi to that debate. we must swiftly head to india. the outcome of the worlds biggest general election is causing major turbulance for its stock markets. as the results began to reveal that prime minster narendra modi would not be winning a landslide majority shares began to slide on the bombay stock exchange logging their worst day in more than four years. narendra modi's bjp has secured a rare third consecutive term in office but modi's party will likely have to rely on a coalition — where consensus will be key for pushing through economic policies. live now to archana shukla in mumbai. you are outside the bombay stock exchange yesterday whilst it was sinking dramatically, i'm looking at it now up by one third of a percent, talk us through the reaction so far. well, those were two days, monday and tuesday, where the indian financial market saw the highest and record lowest and after that intense activity, now the markets are somewhere settling down to the reality thatis settling down to the reality that is that prime minister modi will continue to lead, is likely to lead india in a historic third term although historic third term although his own party hasn't made it to the majority. he will need allies to continue and that is why we are seeing a rebound in the stock markets. we are seeing both the benchmarks coming back up. they opened in the green and some of the stocks that made heavy losses in yesterday's trade are somewhere settling in on the green territory as well. but some of the stocks in the consumer side are seeing an uptick, they were the ones who were gaining yesterday and they are the ones who are also seeing an uptick because some of the analysts say that now things are settling down as much as the political narrative is concerned and the markets are accepting the reality, it seems as if when alliance government comes into power, a coalition government, the focus could move on welfarism and some of the consumer stocks are doing better than the rest of the market. what analysts also say is the inherent growth potential of the country will continue to take it forward as far as the economic growth trajectory is concerned. the focus now will shift to policy continuation. there was a report very early in the morning which focused and said that despite the changes in the market, india's growth story continues to be intact. archana, thank you again for the very latest on that. well, someone who has been studying these tulmutous events and impact on financial markets is tom stevenson — investment director at fidelity. tom, good morning to you. this time yesterday, i was watching the indian markets and it wasn't a pretty sight at all. you have looked at this overtime in various different places around the world, what conclusions can you draw? absolutely. we know that stock markets move on the unexpected and clearly what happened over the last 48 hours or so in india was very unexpected. we came out of that weekend expecting a landslide and by tuesday, it was clear that wasn't going to be the case and that we were actually back to the sort of coalition politics. now, that kind of gridlock historically has actually been quite good for stock markets. the analysis we have done on both the uk and the us markets show that actually when governments have less power, that can sometimes be quite good for stock market growth. indeed, the analysis we have done shows that markets are pretty nonpartisan in the long run. i did some analysis of the uk stock market over the last 60 years and there have been four parliament is where the markets really did well and it is evenly split between labour and the conservatives. the best performing parliaments for the ftse or... were actually the wilson— callaghan government in the 1970s and the second margaret thatcher term in the mid—19 80s. also good with the john major years and the first tony blair parliaments as well. so, markets in the long run don't really mind which side of the aisle the government sits. and i'm sure that many now will be wondering about the outlook for the indian economy. it has had an incredible run in terms of growth numbers which were up until very recently showing extremely strong growth but this election has revealed the huge disparity in wealth and prospects for many and yet the numbers of billionaires in india are rising. if you look at the forbes list. it'll be interesting to see what this means going forward for the indian economy?— indian economy? yes, absolutely. _ indian economy? yes, absolutely. i- indian economy? yes, absolutely. i think - indian economy? yes, absolutely. i think the j indian economy? yes, - absolutely. i think the reason we had such a strong reaction in the stock market was the market had focused on the infrastructure spending and the economic reforms that have been the hallmark of the last ten years of narendra modi being the prime minister in india and so i think there is uncertainty about what the future holds but we heard in the previous report that there are certain parts of the economy which might actually do quite well in that more balanced political, more stable political position. qm. stable political position. 0k, tom, stable political position. 0k, tom. i'm — stable political position. 0k, tom. i'm going _ stable political position. 0k, tom, i'm going to _ stable political position. 0k, tom, i'm going to ask- stable political position. 0k, tom, i'm going to ask you a question i've not warned you about now, did you watch the debate last night? i about now, did you watch the debate last night?— debate last night? i did, yes. what did you _ debate last night? i did, yes. what did you think? - debate last night? i did, yes. what did you think? well, . debate last night? i did, yes. what did you think? well, i l what did you think? well, i think there _ what did you think? well, i think there was _ what did you think? well, i think there was a _ what did you think? well, i think there was a lot - what did you think? well, i think there was a lot of- what did you think? well, i i think there was a lot of sound and fury, as you would expect. both sides were playing to their prime—time audiences, as you said earlier on. i will tight back to my earlier comments about the stock market, the stock market actually doesn't care too much about the short term sound and fury. in the long run, it is what is happening in the background, it is what we heard from the cbi about productivity, growth in the economy, those other things really matter and i think investors need to focus on the long term rather than what is happening in the short term. tom, thanks, good to take your —— good to get your take, we will see you soon. tom stevenson there. let's get some of the day's other news now. tiktok has confirmed a cyberattack targeting several brand and celebrity accounts, including news network cnn. a tiktok spokesperson told the bbc that "the number of compromised accounts is very limited". a source at tiktok told the bbc that the account of reality tv star paris hilton was targeted but had not been compromised. instagram is testing adverts that users cannot skip past. the social media platform currently allows people to swipe or scroll past adverts that appear in its main feed of images and videos, as well as in its stories and reels feeds. but it is now trialling a feature called "ad break", which users say they can not flick past as usual. images shared online show a timer, which counts down to zero before normal functionality can resume. elon musk diverted a sizeable shipment of ai chips that had been reserved for tesla to his social media company x. this was in correspondence from nvidia staffers obtained by cnbc. shares in tesla slipped by nearly 1% on the news. michelle fleury has the latest from new york. yes, this move to divert ai chips from tesla to x could rankle tesla investors. will it lead to delays in setting up the supercomputers needed to develop fully autonomous vehicles? instead, prioritising musk�*s ai startup xai, which is competing against 0penai. now, in response, elon musk tweeted, "tesla had no place to send the nvidia chips to turn them on, so they would have just sat in a warehouse," adding that "giga texas expansion will house 50,800 chips forfull expansion will house 50k 8100 chips forfull self—driving training." nvidia has become the third most valuable company in the world because of demand for its chips, as tech companies race to build ai into their products. the timing? well, it comes as tesla and mr musk are asking shareholders to vote next week to approve a record compensation package for his sterling work running the electric car—maker. michelle fleury there. around the world and across the uk. this is bbc news. you're with business today, i am sally bundock. it's all change for our banknotes because from today, notes featuring the portrait of king charles enter circulation. he's only the second monarch to appear on notes from the bank of england. banknotes issued in scotland and northern ireland don't include the monarch. but those already in circulation featuring queen elizabeth — whose portrait first appeared on banknotes in 1960 — will still be accepted in the shops. and yet, do we still want to use cash? that is a whole another debate. here's our cost of living correspondent kevin peachey. cash may no longer be king. but finally, the king is on our cash. printed months ago, preparations are complete for these banknotes to enter circulation from today. and if it's your portrait on them... i wondered how it would come out. ..you'll be curious about how they look. these are the first issues. the rest will be introduced steadily when demand rises or when damaged banknotes need replacing. but while the king's now appearing on notes and coins, is cash disappearing from our lives? here in the harbour town of looe in cornwall, a county with rich links to the monarch and where the ferry only takes cash, they've witnessed a sea change. well, i can tell you that because i'm the local window cleaner. so most people pay straight into the bank account, the company bank account. you see people pay with their phones these days. i don't do that. usually card or my phone, to be honest. it's just... i've just got so used to it. yeah, everywhere you go, it's got card readers. - even the toilet down there, they're preparing to put - a little card reader for 20p. surveys suggest most people still rely to some extent on cash, but with fewer banks around, it's getting harder to find. with more than 6,000 branches across the uk having closed in the last nine years, hundreds of places like this have been left with none at all. and for those who want or need banking services and cash, one possible alternative stands right here. behind a cafe and heritage centre underneath an award winning restaurant... through this magic door... ..and next to a disused climbing wall, there's a new hub. premises shared by the major banks and run by the post office. so they can come and take money out. they can come and put money in. they can deposit cheques. they can... we do change giving for businesses. people come and pay their bills. you can top up your gas and electric, with a friendly service and a smile. the cafe manager says the hub — one of 50 around the country — is a lifeline. obviously for all the businesses in the town, they need to use it, you know, because if they don't, you know that old saying, "if you don't use it, you're going to lose it." so whether or not you think cash still counts, it will be with us with a new look for a while yet. kevin peachey, bbc news. to australia now where the economy slowed to a crawl in the march quarter as high borrowing costs and inflation put the brakes on consumer spending, even as the prospect of relief on interest rates remains a distant one. gross domestic product rose by 0.1% in the first quarter, which is just below market forecasts. annual growth dropped to 1.1%, from 1.5% the previous quarter and the slowest pace in three decades outside of the pandemic. let's go live to canberra for analysis — cherelle murphy, ey 0ceania's chief economist. good to have you on the programme, what is happening in australia? hi. programme, what is happening in australia? . ., , , australia? hi, certainly very slow growth _ australia? hi, certainly very slow growth here _ australia? hi, certainly very slow growth here in - australia? hi, certainly very l slow growth here in australia. as you say, just really not much above zero in the march quarter. we expected that, of course, the reserve bank of australia has been trying to slow down the economy for the best part of two years now and certainly that is having an impact on consumption. there was maybe a slight surprise in these numbers, though, because consumption of services was a little stronger than expected and that is because in the march quarter in part we had the combination of taylor swift and the melbourne grand prix, all of which caused an increase in spending on hotels, transport, cafe and restaurants. so that was better news. but certainly other messages in their business investment was a little slower. government spending though remains quite strong. find government spending though remains quite strong. and what about the central _ remains quite strong. and what about the central bank, - remains quite strong. and what about the central bank, what i remains quite strong. and what about the central bank, what is| about the central bank, what is likely to happen next as far as australia's interest rates are concerned?— concerned? well, one of the indications _ concerned? well, one of the indications on _ concerned? well, one of the indications on prices - concerned? well, one of the indications on prices from i concerned? well, one of the| indications on prices from the gdp numbers today where the domestic price inflation remaining very high, around 4.6% in the year to march. that it lines up with an inflation number which is still too high, still above the two to 3% target the reserve bank is aiming for so although the economy has come off a long way and is really slow, we are not necessarily seeing that i translate as much to prices as the reserve bank would like. we think therefore that the reserve bank is likely to hold on to the current cash rate of 4.35% for some time yet, perhaps even through to next year. perhaps even through to next ear. . ~' perhaps even through to next ear. ., ~ , ., year. 0k, cherelle, thank you for our year. 0k, cherelle, thank you for your analysis, _ year. 0k, cherelle, thank you for your analysis, cherelle - for your analysis, cherelle murphy there. this week is museum week, a unesco backed annual event with the goal of promoting museums and cultural institutions around the world. here in the uk, national museums and galleries don't charge for admission to their permanent collections, but with so many institutions now struggling financially can museums remain free to enter? live now to robin cantrill—fenwick, chief executive baker richards, specialists in helping subsidised and not—for—profit cultural organisations to generate more of their own income. good to talk to you, that is something we are very proud of in the uk, some of the most incredible museums, many of which are here in the capital london are free to go and look around. ., ., , , around. yeah, we are pretty unusual when _ around. yeah, we are pretty unusual when it _ around. yeah, we are pretty unusual when it comes - around. yeah, we are pretty unusual when it comes to i around. yeah, we are pretty. unusual when it comes to the scale of free entry, particularly for the big museums. if you look at the us and across most of asia, charging is pretty common and if you think about western europe, there is often an admission charge but with perhaps a free entry on the first sunday of the month or for locals. so first sunday of the month or for locals-— for locals. so how do they remain financially - for locals. so how do they remain financially viable l remain financially viable certainly if they are not charging?— certainly if they are not charuain ? ~ , . ~ certainly if they are not charuain? ~ , .,~ ., , charging? well, they make money from three sources, _ charging? well, they make money from three sources, asked - charging? well, they make money from three sources, asked by i from three sources, asked by charging for exhibitions and tours and offering things to buy on—site also really inventive commercial incentives like sleepovers or ice rinks. from business, they hire out spaces for meetings, conferences, filming, they attract investment through partnerships which can be lucrative but controversial and also from donors and trusts and they are really interesting because they can be incredibly valuable but they have been indicating they cannot plug the gap being left by falling public funding.- gap being left by falling public funding. the famous museums _ public funding. the famous museums such _ public funding. the famous museums such as - public funding. the famous museums such as the i public funding. the famous i museums such as the natural history museum, the science museum and others around the world, no problem with admissions, queues around the block. what about those museums are not well known trying to draw people in, what should they be doing? it draw people in, what should they be doing?— draw people in, what should they be doing? it is all about they be doing? it is all about the stories _ they be doing? it is all about the stories behind _ they be doing? it is all about the stories behind the i the stories behind the collections and having that really compelling story to tell whatever it is that they are responsible for and museums have been really successful in pulling in people with events and experiences as well as temporary exhibitions as well. so i think although visitor numbers in the uk are not quite back up to the levels they wear pre—pandemic, the recovery is on the way. pre-pandemic, the recovery is on the way-— on the way. robin, your favourite _ on the way. robin, your favourite museum, i on the way. robin, your. favourite museum, where on the way. robin, your- favourite museum, where would you go if you could go anywhere?— you go if you could go an here? ., ., ., anywhere? london transport museum- — anywhere? london transport museum- it _ anywhere? london transport museum. it is _ anywhere? london transport museum. it is a _ anywhere? london transport museum. it is ajoy. - anywhere? london transport museum. it is a joy. the i museum. it is a joy. the collection, shop, cafe, everything, perfect. 0k, thank ou for everything, perfect. 0k, thank you for being _ everything, perfect. 0k, thank you for being on _ everything, perfect. 0k, thank you for being on the _ everything, perfect. 0k, thank. you for being on the programme. robin cantrill—fenwick there robin ca ntrill—fenwick there from robin cantrill—fenwick there from baker richards. we are wrapping up the programme, it has been extremely busy. let me show you bbc online. if you want more analysis and information about that live tv debate, it is all there. and we have analysis... so, we shall be looking at that online as well. have a really good day, if you are watching on bbc one you can join breakfast in a few minutes, if not, i will see you very soon. hello there. on tuesday, we had a cold front move southwards across the uk. now, after a cloudy and wet start to the day across northern areas, once that cold front had moved its way through, well, the skies brightened up and we had a mixture of sunshine and these big shower clouds. the other thing that the cold front did was what cold fronts do — it's really dumped the temperature. so, for example, in aberdeen, we started on monday at 21 degrees for the highest temperature. it was just 15 degrees, though, for tuesday. and those temperatures dropping by five or six degrees was quite typical as this colder polar air mass worked its way in. that means the air started from a long way to our north. now, at the moment, we have plenty of showers around, particularly near coastal areas in the north—west. 0therwise, some lengthy, clear spells. and it's a chilly start to wednesday morning, with temperatures widely down into single figures, the coldest spots probably down to about1 in sheltered areas of scotland. that really is cold for a start to a summer's day. despite the chilly start, though, there will be plenty of sunshine. showers from the word go around these north—western areas, particularly near to the coast. but through the day, as those temperatures rise, the showers become really widespread, particularly across the northern half of the uk and especially in scotland, where, again, we're looking at some hail and thunder. it's going to feel quite chilly, particularly in the brisk winds here. but further south, 0k, temperatures below average, but in thejune sun, it should probably feel 0k but on the fresh side. now, our weather pattern's blocked at the moment. this is a blocking pattern that's out in the jet stream, out in the atlantic to our south—west. what that's doing is it's forcing this north—westerlyjet stream across the uk, and that continues to pull in cold air, particularly to the northern half of the uk. and because we've got a blocking weather pattern, well, that means the weather doesn't change very much from one day to the next. wednesday, we have loads of showers in the forecast across the northern half of the uk. it's the same thing for thursday. again, with those showers coming in across scotland, there'll be quite a few that turn heavy with some hail and thunder, and it will continue to feel quite chilly here. spot the difference, then, for friday. again, loads more showers, particularly affecting scotland, quite a few for northern ireland, northern england. drier weather further south with some sunny spells. and again, we've got those same kind of temperature contrasts — chilly in the north, temperatures fairly close to average in the south, but feeling 0k in thejune sun. and guess what? into the weekend, we don't really see a great deal changing with the weather. you'll have to wait till next week for some changes. good morning, welcome to breakfast with sarah campbell in the studio and jon kay in portsmouth, for the national d—day commemorations. 0ur headlines today. a fiery encounter between rishi sunak and sir keir starmer in their first tv debate of the general election campaign — they clashed over the nhs, immigration, and taxation. keir immigration, and taxation. starmer is going to rais taxes. keir starmer is going to raise taxes. �* . , , keir starmer is going to raise taxes. �* ., , , , ., taxes. but that is 'ust the start because there i taxes. but that is 'ust the start because there is i taxes. but that is just the start because there is a _ taxes. but that is just the start because there is a long - taxes. but that is just the start because there is a long list i taxes. but that is just the start because there is a long list of. because there is a long list of other things he needs to find the money for. other things he needs to find the money for-— other things he needs to find the mone for. , ., ., ., money for. they are now 7.5 million. he sa s money for. they are now 7.5 million. he says they — money for. they are now 7.5 million. he says they are _ money for. they are now 7.5 million. he says they are coming _ money for. they are now 7.5 million. he says they are coming down. i welcome to portsmouth where the king and queen willjoin d—day veterans taking part in today's national commemoration. the events of 80 years ago changed the course of the second world war, and we'll be hearing throughout the morning from those who were there. still to my dying day, i will treat them as the most wonderful heroes. many were my shipmates. nevertheless, they gave their lives for this country. major london hospitals declare a critical incident, after a cyber attack leads to cancelled operations and patients taken elsewhere for care.