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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 tr ....
party gathers in beijing. the new uk chancellorjeremy 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. so ....
words together. but it knocked me down but i m going to keep coming back up. i ve visited vocational schools, i didn t visit it with john, because obviously it wasn t clear enough for you to understand this. there s no way around it, john fetterman s health was the big issue last night in pennsylvania and he and dr. oz faced off in the only debate for the state s senate seat. we re going to have much more on the this consequential showdown, next. plus, democrats are now bracing for a possible red wave. and it even appears that strongholds could be in jeopardy. and president joe biden shares his thoughts on the midterms saying americans face a choice and the stakes could be higher. good morning. and welcome to way too early. on this wednesday, october 26th. i m jonathan lemire. thanks for starting your day with us. pennsylvania voters saw their candidates for u.s. senate side by side last night for the one and only debate in the high-stakes race. lieutenant gov ....
lets now get down to business. the biggest interest rate rise since 1989. that s what we are awaiting from the bank of england in just a few hours time as it battles to control soaring prices. the bank is widely expected to raise its benchmark rate from 2.25% to 3% pushing up the cost of mortgages, credit cards and loans. it comes as america s central bank the us federal reserve raised its main rate by three quarters of a percentage point and warned borrowing costs will have to go higher than many are expecting. michelle fleury has this from new york. this is the fourth time in a row that the us central bank has raised interest rates so aggressively, with another hike possible in december. the rapid pace of increases is in response to prices that have been rising at their fastest pace in four decades. now, as the race to beat inflation continues, the question for everyone is, will mr powell and his colleagues really keep up this pace? in its statement, for th ....
interest rates are expected to rise sharply today, as the bank of england attempts to tackle soaring prices. the bank is expected to increase its base rate by three quarters of a percentage point from 2.25% to 3%. that would be its eighth consecutive increase since december, pushing the rate to its highest level for m years. it would also mark the biggest single increase since 1989, and could have a big impact on the cost of living and people s finances. our correspondent navtej johal has this report. omar is a veterinary surgeon based in derby. he came to the uk four years ago and had planned to buy a home and settle here long term. with interest rates here expected to rise further today, which is likely to make mortgages more expensive, omar says he s now considering whether he should even stay in the uk. have you lost trust in the uk? i trust my colleagues, i trust my friends, i trust a lot of people in the uk. it shook my trust in the system. and you may move, you m ....