critical tory mps and the public? also tonight. the energy regulator ofgem warns of a significant risk of gas shortages this winter. the man accused of murdering nine year old olivia pratt korbel appears in court in liverpool. cheers for the king and queen consort on their first public engagement since the end of the period of royal mourning. coming up in sportsday later in the hour on the bbc news channel: there s always pride at stake in the east midlands derby, but there could be jobs on the line as well, as leicester face nottingham forest. good evening and welcome to the bbc news at six. it s been a tough day that s how the chancellor began his speech to the party faithful at the conservative party conference this afternoon. it follows a dramatic u turn this morning when the government suddenly dropped its plan to scrap the 45p top rate of income tax. only yesterday, the prime minister had insisted the tax cut would stay. but now kwasi kwarteng says criticism of
indonesia mourns the 125 people lost in a stampede during a football match. explosions on the frontline in eastern ukraine, as its soldiers battle for every inch of territory. we have to be careful here. we ve been told there is a russian sniper operating from that direction. for the troops here, this is a grind day and night a hard battle to hold this position and stop the russians from pushing into bakhmut. and they came in all shapes, sizes and costumes more than 40,000 runners have taken part in this year s london marathon. good evening. the government should have laid the ground better before unveiling its plan for major tax cuts the prime minister admitted today, acknowleding the turmoil on the financial markets that followed the mini budget nine days ago. she did, however, defend its content, including removing the top rate of income tax for the highest earners. tonight, another prominent conservative has questioned that policy as the party gathers in birmi
should that look like? i state of our economy right now? what should that look like? should that look like? i think it s not really a should that look like? i think it s not really a meaningful- should that look like? i think it s not really a meaningful phrase. l not really a meaningful phrase. sound money is one of those things which politicians like to say as a kind of cover for what they have decided to do, without really having any meaning. for example, since 2010, george osborne introduced the austerity package, and that was about fiscal responsibility and sound money. what they are referring to is the risk that, if the government borrows large amounts and financial investors don t want to lend to the government, then you can get into difficulties, as we saw with liz truss, with the liz truss budget. it is not the primary thing that should be used as justification for what is currently being done. i think it is a bit of a fig leaf for covering up the more difficult and interes
level of spending extended out beyond the next couple of years. beyond the next couple of ears. ., . ., ., , beyond the next couple of ears. ., . ., , years. the chancellor has been at ains years. the chancellor has been at pains to years. the chancellor has been at pains to say years. the chancellor has been at pains to say this years. the chancellor has been at pains to say this is years. the chancellor has been at pains to say this is not - years. the chancellor has been at pains to say this is not an i at pains to say this is not an austerity package that he will be delivering today, but he is taking measures to make sure a recession is more shallow and shorter. he and the prime minister rishi sunak have been very clear that this is about restoring britain s credibility in terms of how we manage our money. well they tick those boxes? i money. well they tick those boxes? ~ ., ., ., money. well they tick those boxes? «a, ., ., ., boxes? i think a lot of that has been boxes
tax credits and benefits won t be increased in line with inflation but earnings instead. instead. that is worth 5.5 billion a year, but difficult during a cost of living crisis. or long term investle could be cut back but that was the backbone of the promise to level up. it could rival the austerity package. the new chancellor has decided to stop digging the hole created at the mini budget, but how the fill the one created in the public finances remains unclear. let s get more now from our political editor, chris mason, at the conservative party conference in birmingham. chris. we have had this u turn now, how difficult will it be for the government to regain credibility with the market, with mp5, and crucially with wider public? ht is crucially with wider public? it is really difficult, crucially with wider public? tit 3 really difficult, because this is a government that went out of its way