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let s take you through what today will look like. the current prime minister, liz truss, held her fourth and final cabinet meeting starting about an hour ago. she is due to make a statement outside number 10 at around 10:15, before travelling to buckingham palace for an audience with king charles. after this, rishi sunak will head to the palace, where he ll be invited to form a government. then it s back to downing street, and the new prime minister will address the nation at around 11:35. and over the next 2a hours, we can expect to see a trickle of cabinet appointments which will start to shape what rishi sunak s government will look like. of course, not just of course, notjust appointments, but the message too. what is the message is likely to be when he appears at the podium which is just being put up behind us? first of all four at liz truss, then for a rishi sunak later on. keeping us company throughout the morning as we follow these events is nick eardley, our ch ....
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 b ....
with the rates now we re a lot more hesitant. the other main story tonight: at least one of the people killed in the manchester arena bombing could have been saved if the emergency services had arrived sooner says a highly critical report. gunfire pakistan s former prime minister, imran khan, survives a gun attack during a protest march. we know what you whisper. and we ll be on the red carpet, as the eagerly awaited black panther sequel arrives in the uk. the effect of the cost of living crisis on both those participating in sport. good evening. the bank of england has announced the bigget single hike in interest rates since 1989, as it tries to dampen down soaring inflation. it has raised rates from 2.25% to 3% and predicted that the uk is heading into a recession that could last until at least the middle of 202a. it would be the longest recession since records began a century ago and the less well off will be hardest hit. the bank s governor, andrew bailey, also ....
ukraine s slow advance on the russian held city of kherson amid reports russia could be preparing to withdraw our international editor jeremy bowen is on the front line. you can see why the kherson offensive is taking a lot of time. it is flat, open ground. they are under the russian guns. explosions. pakistan s former prime minister imran khan survives a gun attack during a protest march. and the leisure centres, swimming pools and gyms that could be forced to close this winter as a result of soaring energy costs. coming up in sport on the bbc news channel, manchester united win their final europa league group game, but finishing second means a potentially tricky knockout round playoff awaits. good evening. the bank of england has raised interest rates from 2.25% to 3% the biggest single hike in more than 30 years to try to dampen down soaring inflation. it will impact everything from mortgages and rents to the price of food and services. the bank warned that the ....
tonight at ten the international monetary fund weighs into the financial uncertainty in the uk, criticising the government s plan and saying it s likely to increase inequality. meanwhile, there are concerns that costs could rise including mortgages after the bank of england hints a sizeable interest rate rise could be coming. i think it is hard not to draw the conclusion that all this will require a significant monetary policy response. the chancellor has defended the government s plan and has today tried to reassure big investors and critical mps from his own party. also tonight. sir keir starmer sets out his plan to the labour party conference including a state owned green energy company. britain will get its future back a country where aspiration is rewarded, where working people succeed, a force for good in the world, a clean energy superpower, a fairer, greener, more dynamic nation. two pipe lines that carry gas from russia to europe suddenly spring a numbe ....