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report has just told uncomfortable truths and it has to be dealt with. air raid sirens sound in kyiv officials say russia is using self detonating drones to attack the ukrainian capital. good morning and welcome to bbc news. the new chancellorjeremy hunt is to deliver an emergency statement on the economy this morning, bringing forward measures a fortnight earlier than expected. it s expected there ll be a delay in the plan to cut the basic rate of income tax from 20p to 19p, that would be yet naother u turn from the mini statement that caused such turmoil on the financial markets. in an effort to calm those markets, the chancellor will bring forward measures from the so called medium term fiscal plan how he ll pay for the measures announced in the mini budget last month. yesterday he told the bbc that he was not taking anything off the table in terms of tax and spending. already on friday liz truss announced an £18 billion u turn on scrapping an increase in corporat ....
and misconduct. the mayor of kyiv says that russian strikes on the city this morning have killed one person and wounded three others. good morning and welcome to bbc news. the uk s new chancellorjeremy hunt is to deliver an emergency statement on the british economyjust after 11 o clock this morning, bringing forward measures a fortnight earlier than expected. it s expected there ll be a delay in the plan to cut the basic rate of income tax from 20p to 19p, that would be yet another u turn from the mini budget that caused such turmoil on financial markets. with me now as our chief political correspondent. he is waiting in the wings to talk to me. let me round up, because an hour or so we are expecting to hear from the chancellor, he is going to be making that statement and we are expecting pretty much everything in the mini budgets to be pulled back, except for the national insurance increase, the national insurance cut because that has already been legislated for, obvi ....
we ll have all the latest reaction from westminster. also on the programme. russia launches lethal attacks on the ukrainain capital kyiv using iranian made explosive drones. a using iranian made explosive drones. russian fight city a russian fighter plane crashes in a city near the ukrainian border, setting a large residential block blaze. after weeks of political and economic turmoil in the united kingdom, sparked by the controversial financial plans championed by the new prime minister, liz truss, her new chancellor has performed what is perhaps the biggest economic u turn in the country s history. we will reverse almost all the tax measures announced in the growth plan three weeks ago but have not started parliamentary legislation. the growth planjeremy hunt was referring to there was his predecessor kwasi kwarteng s mini budget. this was delivered on the 23rd september and sparked economic turmoil because it didn t lay out how £45 million worth of tax cuts were going to ....
welcome to our viewers on pbs in america and around the globe. britain s new prime minister, rishi sunak, has moved into number 10 downing street and spent most of his first day in office appointing senior members of his government. on arriving in downing street, he said the uk was facing a profound economic crisis and he made a point of saying that he d need to repair the damage caused by some of the policies of his predecessor, liz truss. here are political editor, chris mason. 11:50, this morning, downing street s security gates had swung open, the motorcade swept in, heralding another new arrival here. here he comes, rishi sunak, walking up downing street alone to the podium to address the country for the first time as prime minister. i have just been to buckingham palace and accepted his majesty the king s invitation to form a government in his name. it is only right to explain why i m standing here as your new prime minister. right now, our country is facing a p ....
postings on social media welcome to our viewers on pbs in america and around the globe. britain s new prime minister, rishi sunak, has moved into number 10 downing street, and spent most of his first day in office appointing senior members of his government. on arriving in downing street he said the uk was facing a profound economic crisis , and he made a point of saying that he needed to repair the damage caused by some of the policies of his predecessor liz truss. here s our political editor chris mason. 11:50, this morning, downing street s security gates had swung open, the motorcade swept in, heralding another new arrival here. here he comes, rishi sunak, walking up downing street alone to the podium to address the country for the first time as prime minister. i have just been to buckingham palace and accepted his majesty the king s invitation to form a government in his name. it is only right to explain why i m standing here as your new prime minister. right now, ....