Week. our political correspondent pete saulljoins us from london. we know that liz truss and jeremy hunt are going to have talks today. i was going to ask you if you expect this week to be as turbulent as last week, but i think everybody probably, apart from their opponents, is hoping it will be a little bit calmer. little bit calmer. yes, roger, i have long little bit calmer. yes, roger, i have long since little bit calmer. yes, roger, i have long since given - little bit calmer. yes, roger, i have long since given up - little bit calmer. yes, roger, i | have long since given up trying little bit calmer. yes, roger, i i have long since given up trying to predict what is going to happen next in british politics but certainly they will hope that the relative calm of checkers, the buckingham country hit side today, will allow them to ignore the noise. and my hazard in noisy in westminster of late. my, has it been noisy in westminster of late. i think liz truss has bought herself
Businesses here have defended the prime minister. businesses here have defended the prime minister. what she is doing is deliverin: prime minister. what she is doing is delivering a prime minister. what she is doing is delivering a broader prime minister. what she is doing is delivering a broader programme. i prime minister. what she is doing is. delivering a broader programme. she has reached the conclusion that doing all the tax cuts at the same time is too much for the markets to sustain in the short term because there are so many global disruptions. we are seeing every other country with inflationary rises and countries with much higher interest than we have. this is a global challenge that we ll have to tackle. but global challenge that we ll have to tackle. ~ , v tackle. but the prime minister s ho es of tackle. but the prime minister s hopes of survival tackle. but the prime minister s hopes of survival could - tackle. but the prime minister s hopes of survival could hi
As the new chancellor, jeremy hunt, and the prime minister meet for talks today, they face a daunting task. there will be a new budget in a fortnight, and the government needs this one to calm turmoil in financial markets. by the governor of the bank of england has warned borrowing costs are already likely to rise. we borrowing costs are already likely to rise. ~ ., , ., ., to rise. we will not hesitate to raise interest to rise. we will not hesitate to raise interest rates to rise. we will not hesitate to raise interest rates to - to rise. we will not hesitate to raise interest rates to reap - to rise. we will not hesitate toi raise interest rates to reap the inflation target. and as things stand today, my best guess is that inflationary pressures will require a stronger response than we perhaps thought in august. in a a stronger response than we perhaps thought in august. thought in august. in a statement last niaht, thought in august. in a statement last night. jeremy thought
As the new chancellor, jeremy hunt, and prime minister meet for talks today, they face a daunting task. there will be a new budget in a fortnight, and the government needs this one to calm turmoil in financial markets. but the governor of the bank of england has warned borrowing costs are already likely to rise. we will not hesitate to raise interest rates to meet the inflation target, and as things stand today, my best guess is that inflationary pressures will require a stronger response than we perhaps thought in august. in a statement last night, jeremy hunt said. he said there would now be very difficult decisions both on spending and untaxed, and it is already clear that he plans to junk the taxcutting agenda liz truss promised during the leadership contest. even the us president, joe biden, said he thought the original plan had been a mistake.