jake. it is unfounded. for several reasons. firstly, the banking sector overall is much better capitalized than it was in 2008. there have been huge changes. a full-scale banking meltdown crisis, is it possible? maybe. is it likely? absolutely not, so the experts say. i was talking to one such expert here in israel where i am. the tech sector which has been so badly hit by all of this. i spoke to the venture capitalist of the viola group. he said it s not a system at risk, but when it comes to runs on banks, today they can be much faster than you think. run on the bank of the world of internet is very quick. but i do believe it s an isolated, specific event. i don t think it will have huge impact. this is not 2008. reporter: putting that into wider view, it s certainly going to hit the technology sector because tech borrowed from these institutions, but the speed at which the regulators moved shoring up the depositor savings making it clear investors won t be bailed out.
category 4 storm leaving a huge path of destruction and millions in the dark this morning. we ll have a live report in just a moment. meanwhile, rescue crews have been busy trying to get people who decided to ride out the storm to try and save them. they re stranded now by rising flood waters and we re still tracking ian as it slowly makes its way across florida. at this hour, it still has more to go. good morning, and welcome to morning joe. it s thursday, september 29th. joe is off this morning. along with willie and me, we have the host of way too early, white house bureau chief at politico, jonathan lemire. without power this morning, first light this morning will begin to show the damage in florida. that s right. that s when we re going to start to see the story of what happened last night, what happened overnight. tropical storm now ian downgraded from a category 1 hurricane. in just the last hour, but still wreaking havoc across florida as it made landfall as a
suffer the most. also coming up: called to account. hundreds of uk post office managers were falsely accused of fraud because of faulty software. we look at role of the tech giant fujitsu in a massive miscarriage ofjustice. and the rugby league world cup kicks off today after a covid delay with the biggest sponsorship deal in the tournament s history. absolutely, 100%, iam not going anywhere. a defiant uk chancellor on whether he and the british prime minister will still be in theirjobs at this time next month. as you have been hearing, he has flown back early from iff meetings in washington for meetings with the pm. imf. washington for meetings with the pm. imf. they are expected to pause plans after weeks of economic crisis. people are panicked about the impact of billions of pounds of tax cuts funded by more borrowing on the u.k. s debt and on inflation and that sent government borrowing costs and mortgage rates are soaring and force the bank of england to come to the
18 weeks. for six months now and it s can be 18 weeks. a jury has been told that lucy letby, the nurse accused of murdering babies, wrote i killed them on purpose because i m not good enough on a post it note. the metropolitan police is investigating more than 600 domestic and sexual abuse claims against its own staff. britain s most prestigious architectural award good afternoon and welcome to bbc news. liz truss is coming under more pressure from some of her own mps to rethink her tax cutting plans following last month s mini budget. it comes after the goverment last week abandoned its plan to abolish the a5p tax rate for top earners. but senior conservatives have continued to voice grave concerns at liz truss s tax cutting measures without explaining how she will balance the books. this afternoon, the chancellor kwasi kwarteng said he s totally focused on delivering the growth plan, in response to speculation about a u turn on the measures. let s listen to what he had
the nurse accused of murdering babies, wrote i killed them on purpose because i m not good enough on a post it note. ukrainian fighters who surrendered after weeks of sheltering under a steelworks, we have spoken to one who been released. former culture minister will chair a new body to examine returning the elgin marbles to greece. they are currently displayed in the british museum. good afternoon and welcome to bbc news. liz truss is coming under more pressure from some of her own mps to rethink her tax cutting plans following last month s mini budget. it comes after the goverment last week abandoned its plan to abolish the 45p tax rate for top earners. but senior conservatives have continued to voice grave concerns at liz truss s tax cutting measures without explaining how she will balance the books. one mp last night accused the prime minister of trashing blue collar conservatism . downing street says its policy is the right one for growth. our political correspondent