A budget that will define the next Half Decade under labour begins to take shape with more investment in big projects, more borrowing, and perhaps less of a Tax Rise than expected. And devastating israeli strikes on beirut actively targeting hezbollah s leadership, as Benjamin Netanyahu dashes back from the Un And Tehran holds emergency meetings. Where will this escalation take the region and the world . Good evening. This is newsnight, home to Insight And Analysis from home and abroad. Well discuss the emerging situation in the Middle East a little later, matters could develop as we are on air. Breaking news is that they hezbollah it senior leadership is unreachable following the israel strikes on the Beirut Southern Suburbs on thursday. We will discuss that later. But first a domestic Mid Conference political and economic stock take with our top panel. Anushka asthana, Itv News deputy political editor, author of taken as red, an Insider Account of Labours Ascent to power, zing tseng,
threatening without breaks of rain. overnight tonight, the rain will clear away from scotland and we will be left with a few showers. then, orkney, and aberdeenshire by the end of the night. clear skies allowing temperatures to dip below single figures. laterwe temperatures to dip below single figures. later we will get more moisture coming into that across england and wales. i think that is a recipe for seeing some mist and fog patches. probably the worst of these over wales, the midlands, parts of southern england, as well. any mist and fog could take a while to clear away but otherwise a clear day of weather, lots of sunshine around, a threat of a little rain towards the far south west of england late in the day, and maybe the odd passing shower for the far north east of scotland. for most it is fine and pretty mild. wednesday, another area of low pressure flexes its muscles. the breeze picks up and we see more cloud working in from the south west along with some sporadic
and so we had different - versions of what they might say and the same - of the windfall tax. and we thought they might just match what labour had done i with saying that we would get rid of the investment - allowances that enable some of the big energy companiesl to pay nothing in windfall tax. so you have different versions of bits of it and you ve got - to make sure that you take out the right bits. - and so this is. i m not sure if i should - announce this to newscast, but we have a little - whatsapp group of me and the shadow chief secretary, pat mcfadden and two people . in my office so that we re - on the front bench for that 50 minutes that the chancellor spoke, we ll get messagesl like delete line 167, take out page 12. l weirdly, that s how we make newscast as well. that s why me and chris are looking at our phones rather than you the whole time. isn t the truth that quite a lot of what you ve spent the last few months arguing for, so a government that is offering a sort of s
jonathan ashworth. the markets seem reassured by what the chance i have to say. pare the markets seem reassured by what the chance i have to say. the chance i have to say. are you? it was a humiliating the chance i have to say. are you? it was a humiliating climb-down i the chance i have to say. are you? | it was a humiliating climb-down for it was a humiliating climb down for liz truss and conservative government. her credibility and her economic politics meant lies in tatters. we want three weeks ago that it was a disastrous budget for that it was a disastrous budget for that and a budget which led to questions whether britain could service the desk, let alone tension pension funds and soaring mortgage rates. this backtracking today was inevitable. but i m afraid the damage is done and the country and home owners face increased mortgage rates will pay a high price for some time to come. x t et rates will pay a high price for some time to come- time to come. yet the chancellor sok
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