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good afternoon, and welcome to bbc news. millions of households are now facing much higher power bills. businesses and analysts are warning that the sharp rise in energy prices will lead to households paying more for builds and everyday products. the boss of supermarket iceland said price rises were now inevitable, the business secretary has said uk gas supplies would be sufficient this winter, but acknowledged that more energy firms would fold in the coming months. kwasi kwarteng told energy providers that developing renewable sources will be the only way to protect against soaring gas prices long term as our personal finance correspondent kevin peachey reports. just like the season s weather, bill payers are being warned the worst is yet to come. a host of energy companies have collapsed in recent weeks. their customers moved to a new supplier are already having to pay hundreds of pounds more a year than they expected. a price cap does protect millions of people from
as the take up rate drops to its lowest level, in a decade. officers at the met police exchanged highly offensive racist, sexist and homophobic messages, claiming it was just banter according to a highly critical report from the police watchdog. and, a southern koala, born not in australia, but england, as part of a major conservation drive. good afternoon and welcome to bbc news. the deputy prime minister, dominic raab, says conservative mps still overwhelmingly support borisjohnson, following the release of the initial findings, of the report into lockdown parties in downing st. sue gray s inquiry, concluded there d been a failure of leadership. but the tory mp andrew mitchell warned the crisis risked breaking the conservative party. the labour leader, sir keir starmer, has accused borisjohnson, of trying to save his own skin, and taking the public for fools , in his defence of his own actions, in relation to alleged breaches of covid rules. with the latest, her
if gas prices keep rising. fuelling controversy. opec slashes production to boost oil prices, sparking an angry reaction from president biden. plus too broke for beauty? women around the world say they are cutting back on cosmetics so how is the industry responding? we ll hear from a top entrepreneur. we start here in the uk, where as you ve been hearing, prime minister liz truss has been presenting her plans to boost the economy in her keynote speech to the conservative party conference in birmingham. she re stated her commitment to lowering taxes just two days after being forced to abandon a pledge to cut income tax for the highest earners. markets remain nervous about the outlook for the uk s finances under ms truss s government after the mini budget statement on september 23rd that sent the pound to a record low and borrowing costs soaring. but she argues the disruption will be worth it. whenever there is change, there is disruption. and not everybody will be in f