Bitcoin hitting record highs, the continuation of a rally that has been building for a couple of months. There are a couple of factors the mainstreaming of bitcoin. You may recall earlier this year regulators in the us open and investing opportunities attached to crypto currencies to more investors, and since then funds have been pouring into that. There was a report that huge figures have been raised. That has definitely increased things on the demand side. On the supply side, there is a 0n the supply side, there is a process called halving, part of the bitcoin protocol, only a certain number are issued, and once every four years, a reward for bitcoin miners, that number decreases. That may also have an impact on what investors think the supply will be. All of this i think you can safely say is leading to that craze for laser eyes, the meme that bitcoin fund is used when they are feeling optimistic about it. ~. , they are feeling optimistic about it. We will come back to it. Michelle.
get in touch with me on twitter @annitabbc #bbcyour questions the prime minister s expected to announce a cabinet reshuffle later this morning, as he replaces conservative party chairman nadhim zahawi. a third earthquake hit central turkey early this morning, as the rescue operation continues across the region to try to find survivors of the two massive quakes which struck yesterday. in the last few minutes, we ve learned that now more than 5,000 people are known to have died in turkey and in northern syria, with that number rising all the time. these are the scenes live in hatay in southern turkey. many images that we ve seen of the quake since yesterday morning have come from the city. you can see on the left of the screen how those buildings have been pancaked, flattened by the two huge tremors, really the 7.8 quake we heard about which struck just really the 7.8 quake we heard about which struckjust before dawn yesterday. and then a few hours later another quake of around
A proper and permanent tax of 78% on oil and gas companies, and estimates suggest that would free up £33.3 billionjust from suggest that would free up £33.3 billion just from that tax alone, thatis billion just from that tax alone, that is not even speaking of scrapping the very generous tax breaks for oil and gas companies in this country, and obviously that would free up money that is desperately needed to give brits long term support for the cost of their energy bills and to give our key work as the financial recognition they deserve. isn’t key work as the financial recognition they deserve. isn t that auoin to recognition they deserve. isn t that going to lead recognition they deserve. isn t that going to lead to recognition they deserve. isn t that going to lead to the recognition they deserve. isn t that going to lead to the energy - recognition they deserve. isn t that l going to lead to the energy company saying, we will not invest as much money in renewables, in ener
Changed, if you are? so how are you suggesting that that be changed, if you are? changed, if you are? so look, the windfall taxes changed, if you are? so look, the windfall taxes that changed, if you are? so look, the windfall taxes that have - changed, if you are? so look, the windfall taxes that have been - windfall taxes that have been imposed in some parts of the world but actually, a few countries may seem like a high rate on the surface but they are massively undercut by tax breaks and by other subsidies that governments give to oil and gas companies. so the uk is long been one of the most generous places in the world for oil and gas companies. the windfall tax we have in place here is not a permanent one. it is only set to continue for a few years and we are actually calling for the uk government to match the approach that the norwegians have taken. they have imposed a total permanent tax on oil and tax industry, 78%. if that was done if uk estimates suggest that that would