notes were marked without his consent. and in the skies above lincolnshire a lancaster bomber marks the 80th anniversary of the famous dambuster raids. on bbc london. the large sinkhole that s appeared in a field near amersham above a tunnel being built for the h52 high speed rail line. some campaigners want work to stop. good evening. we start tonight with the news that the manufacturers of vauxhall vehicles in the uk have urged the government to renegotiate part of the brexit trade agreement or run the risk of making the business unsustainable. stellantis, one of the world s biggest car manufacturers, whose business includes vauxhall, peugeot, citroen, and fiat, says its concerns are related to electric vehicles. stellantis says the conditions of the brexit free trade deal signed in 2020 are no longer achievable, given the surge in the cost of raw materials, and the prospect of tariffs between the uk and the eu would make exports uncompetitive. our economics editor fais
we begin here in the uk, where the institute for fiscal studies is warning the chancellor big and painful spending cuts will be needed to put the country s finances on a sustainable path. the independent think tank predicts with a weaker economy and promised tax cuts, there will be a large shortfall in revenue. it calculates the government would have to spend £60 billion a year less by 2026 27. the treasury says its tax cuts and reforms would deliver sustainable funding for public services . more for public services . detail on that on october sist. joining me now is janet mui, head of market analysis, rbc brewin dolphin. they have quite a lot of detail as to why they believe the government will not have the money it needs to go ahead with plans? money it needs to go ahead with lans? ., ., ., plans? thanks for having me, first of all plans? thanks for having me, first of all before plans? thanks for having me, first of all before the - plans? thanks for having me, firs
are also off the shelves. in new york, the singer r kelly is given a 30 year sentence for sexually abusing women and children. and on day three of the championship, britain s andy murray and emma raducanu are both out of wimbledon. and coming up on the bbc news channel: late wickets help england s women s cause in their one off test with south africa, but they have just one day left to salvage a result. welcome to bbc news at ten. leaders of the nato defence alliance have declared russia to be a direct threat to their security, and said that ukraine can count on nato s support for as long as it takes. today s words, at the leaders summit in madrid, mark a significant beefing up of nato s approach. a quick reminder about the importance of nato here. the north atlantic treaty organization is a military alliance between 30 member states founded in 1949, whose members agree to defend each other against attacks by third parties. nato is now on track to comprise 32 countries, as
An academic study shows that the farmers costs account for nearly £1.50. the retailers and processors overheads make up most of the rest. as for profit, there is just 3.5p left to be split between them all. 0ur supply chains are tight, they may struggle to absorb higher costs. profit margins on other items are bigger, but for every £1 you spent in tesco last year, it made about 4p in profit. in sainsbury s, it was more like 3p. supermarkets have taken a hit, and other costs are still rising. supermarkets have taken a hit, energy prices have doubled or tripled in some cases. the labour cost has been substantial, mainly driven both by the national minimum wage rises, which came in in april, and also because just a shortage of labour, particularly in some of the key skills like hgv drivers and logistics through the supply chain. overall, the costs are still rising.