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stock market debut. but is it the right time? as you ve been hearing, the uk government says it s sticking to plans for £45 billion of tax cuts despite turmoil on financial markets since the chancellor s mini budget statement on friday. it s seen investors dumping the pound and uk government borrowing costs soaring on growing alarm about the country s finances. on wednesday the bank of england was forced into an emergency intervention to head off a pension fund crisis. it will spend billions buying up uk government bonds to prop up their value and keep borrowing costs down. but as our economics editor faisal islam explains, it s only a short term solution. what started as an attempt to grow the economy with the biggest tax cuts in half a century led to havoc on currency markets more importantly on debt markets and then, within days, led to a tidal wave of interest rate rises, reaching every corner of the economy. in an emergency statement, the bank of england said. ....
three in the afternoon. a fourth leak is discovered in the nord stream 2 gas pipeline in the baltic, nato calls it a deliberate act of sabotage. and tributes are paid to the american rapper coolio who has died at the age of 59 in los angeles. coming up on the bbc news channel. it is victory for warwickshire on the final day of the county championship, which means relegation for yorkshire. good evening and welcome to the programme. the prime minister has insisted that her tax cutting plans are right for the economy and she will not be changing course. in her first interview since the chancellor s mini budget last friday, liz truss argued that record in the pound and record rapidly rising borrowing costs in the uk are part of a global crisis that has been sparked by the war in ukraine and she said the government s strategy would support people and businesses hit by rising energy prices. here is our economics editor faisal islam. an engine factory in darlington. the chance ....
ensure there is trust and confidence in our national finances. that means decisions of eye watering difficulty. as her plans unravelled, liz truss kept a low profile in westminster leaving a cabinet colleague to step in. the prime minister is not under a desk. she. laughter. after a day in which the prime minister was barely seen and not heard, tonight she speaks exclusively to me for this programme. also on the programme. russian forces launch waves of drone attacks on the ukrainian capital kyiv. hundreds of metropolitan police are getting away with law breaking and misconduct says a new report. iamat i am at the roundhouse in london where the winner of the booker stay with us here on the bbc news channel 4 continuing coverage and analysis from our team of correspondents in the uk and around the world. good evening and welcome to the bbc news at ten. the prime minister liz truss has said she is sorry and accepts repsonsibility for mistakes in her economic plan as t ....
self inflicted, sometimes there is an economic crisis because of world events that can t be predicted. this is self inflicted, in downing street, with that budget. we ll have more on the bank of england s emergency intervention, and whether it s likely to work. also on the programme. an investigation by bbc panorama exposes what s described as a toxic culture at one of the uk s largest mental health hospitals. and, the people of florida are bracing theselves for one of the worst storms in the state s history. and coming up on the bbc news channel. the latest from lahore, as england take on pakistan in their fifth match of a gripping t20 series the sides locked at two matches each. good evening. it s been another day of instability on the financial markets, as concern deepens about the prospects for the british economy. last week s widely criticised mini budget unveiled by the chancellor raise laze been followed by a collapse in the pound and a sharp increase in the co ....
economy competitive. at the end of the day, that s ultimately what we have to do. what we politicians are responsible for is making the economic decisions that will drive continued growth. overnight, more chaos as hundreds of mortgage products were withdrawn. labour says it s all because of government negligence. what the government now needs to do, is to recall parliament, immediately, abandon that budget before any more damage is done. we ll have more on the bank of england s emergency intervention, and on the government s refusal to change tack. also on the programme.. inside one of the uk s largest mental health hospitals, a bbc investigation uncovers mistreatment and cruelty. the british iranian nazanin zaghari ratcliffe has cut her hair in solidarity with iranian women, whose rights are under attack from religious rulers. and the latest from florida, where hurricane ian, one of the worst storms in the state s history, is set to devastate wide areas. coming up in t ....