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BBCNEWS BBC News July 7, 2024



we never deal with it, we kind ofjust move on. the british prime minister liz truss has apologised for mistakes in the government s financial strategy a strategy that she set in motion. the majority of measures in her so called mini budget have been reversed by her new finance minister jeremy hunt. he was in parliament on monday to explain why the economic policy was being scrapped. the prime minister herself was keeping a low profile. in a moment, we ll hear an exclusive interview with her. but first, our political editor chris mason has the story of how the day unfolded. first thing this morning, it felt like a government on the run. sorry about the rain, guys. the new chancellor was even apologising for the weather. jeremy hunt was jogging before dawn thought of breaking. any more u turns? the answer was yes. news was already breaking. mr hunt was performing the last rites on almost all of liz truss s plans her programme for government dead. living hour by hour. ....

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BBCNEWS World Business Report July 7, 2024



struggling with symptoms. let s start here in the uk, where the new chancellorjeremy hunt has ditched almost all of prime minister liz truss tax cuts announced in the government s mini budget three weeks ago. the financial markets reacted positively to the news, with the pound rising against the us dollar and uk gilts falling. in total £32 billion of the £45 billion in tax cuts have been shelved, these include. the planned 1p cut in the basic rate of income tax is now on hold indefinitely, with the rate remaining at 20%. the cap on energy prices charged to households is now only guaranteed until april next year. for a typical household, it means an annual bill will not rise above £2,500 for the next six months. but plans to cancel the 1.25% increase in national insurance contributions will still go ahead, along with a reduction in stamp duty, and the cap on bankers bonuses will still be scrapped. joining me now is chris southworth, who s the secretary general of th ....

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BBCNEWS BBC World News July 7, 2024

and karim benzema of real madrid and france is crowned the world s best footballer for the first time. hello and welcome. britain s prime minister liz truss says she will not be stepping down as prime minister, despite her premiership hanging by a thread in the aftermath of the mini budget. in an interview with the bbc, ms truss apologised for what she called mistakes over the past six weeks but she insisted she would lead the conservatives into the next general election. but her insistence hasn t dampened down talk of her leaving office, with one backbench mp saying well, we ll have to see when asked about her future. here s our political correspondent, jonathan blake. inside number ten last night, after a day in which her programme for government was largely scrapped, liz truss sat down for an interview and offered an apology. i do want to accept responsibility and say sorry for the mistakes that have been made. i wanted to act, to help people with their energy bills, t ....

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BBCNEWS Newsday July 7, 2024



it s 6am here in singapore and also in taiwan, where a retired military commander has told the bbc the island would be unable resist the use of force by an increasingly assertive china. it follows a warning by the us secretary of state anthony blinken that beijing is pursuing unification on a much faster timeline than previously thought. our correspondent rupert wingfield hayes has been to front line taiwanese island ofjinmen, just a few kilometres off the chinese coast, to assess the growing threat. the island ofjinmen is so close to china, they used to blast anti communist propaganda from these giant speakers to people living on the chinese coast. it all looks peaceful today, a tourist curiosity. but twice in the last 70 years, china has tried to cross these narrow straits. the island is still a fortress covered in tunnels, bunkers and lookouts. so the main island of taiwan is 150 kilometres away across the taiwan strait, but this is the realfront line between taiwan ....

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BBCNEWS Outside Source July 7, 2024



and a female iranian climber who competed in south korea without a headscarf now says her veil fell off accidentally there are fears she will be arrested when she returns to iran. we start in ukraine, where the president says there is no space left for negotiations with russia following further attacks on the country. according to volodymyr zelensky, russian strikes have now destroyed around a third of ukraine s power stations. he s made another appeal for further western military support. translation: to guarantee the l protection of our skies and reduce the capabilities of russian terrorists to zero, we need significant and more modern air defence systems and more missiles for the systems. cities across ukraine have come under attack on tuesday, for which russia has admitted responsibility. there have been further air strikes in the capital kyiv, and also in dnipro, kharkiv, zhytomyr and zaporizhzhia. ukraine s civil defence service says hundreds of villages across ....

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