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more now on the day ahead in the uk, and we could know as early as this afternoon who the next leader of the conservative party is and therefore our prime minister. as you ve been hearing, borisjohnson has pulled out of the contest, saying the time isn t right and would not lead to much needed party unity. this leaves two contenders former chancellor rishi sunak and the leader of the house of commons, penny mordaunt, with mr sunak currently the front runner. by 2pm this afternoon if penny mordaunt hasn t got 100 backers or more, then rishi sunak is in post. if both candidates are still in play, then mps vote to state their preference. let s take a look at how the markets are trading today during asian time. we have the dollar versus again, i was hoping to show you the pound but the detail is not on that particular screen, when i looked at it months ago the pound was buying just over $1 13 cents, fairly steady versus the dollar and up slightly versus euro. joining me n ....
elected as leader of the conservative party. politics comes at us rather fast these days, doesn t it? this autumn s second new prime minister inherits a nightmarish soup of political and economic gloom. he moves in there tomorrow to try and sort it out. we ll have more from chris, in this extended edition of bbc news at ten, as we consider the prospects for a sunak premiership. at westminster the main opposition parties are united on the demand for a general election, so that millions of voters can have their say. labour thinks that we should be having a general election. i think everybody who i ve spoken to, the public, have said we should be having a general election. there is no mandate now. he should call an early general election. he s the second person in a row to be appointed as prime minister by tories, not elected by the population. mr sunak s rapid advance is a significant moment for politics. he s the first british asian to become prime minister. and we ll be ....
my some mps have called for a u turn. my advice to the prime minister would be to do it, do it now, something that will be firm, bold and convincing. liz truss has faced growing calls from within her own conservative party to rethink her economic plans. labour, the principal party of opposition in the uk, says a u turn would mean liz truss has to resign. liz truss who got us into all this trouble, rowing backwards desperately, not knowing where she s going, what would what good would that do for britain? good afternoon. if you have just joined, if you havejustjoined, welcome if you have justjoined, welcome to bbc news. the bbc has been told kwasi karteng is no longer chancellor. it s not yet clear if he s been sacked or if he s resigned. this morning he rushed back to london to see the prime minister, after cutting short a trip to washington. it follows turmoil on the finanancial markets after his mini budget last month. the prime minister is about to hold a news con ....
s behalf. we will do it for all italians, with a clear objective of uniting the people, of underlining what unites it, rather than what divides it. nine people, including five children, are dead and some 20 wounded after a gunman opened fire in school 88 in the central russian city of izhevsk, the interior ministry has said. five rescuers have been killed after being swept away in flash floods caused by a typhoon in the philippines. super typhoon noru has brought winds of up to 175 kilometres an hour. and, nasa prepares to crash a probe into an asteroid to see how to stop a space rock from hitting earth. hello and welcome if you re watching in the uk or around the world. the value of the pound fell to a record low against the dollar overnight, following the uk government s announcement of large tax cuts funded by borrowing. in asian trading, sterling fell four per cent, close to $1.03 it s recovered much of that ground this morning. the fall in the pound since friday threa ....
secretaryjustine greening, sir malcom rifkind, who served as foreign and defence secretary in the thatcher and major governments, and catherine haddon from the institute for government. hello, welcome to the programme. after one of the driest summers on record, the notoriously fickle british weather turned of course it did just at the very moment liz truss arrived in downing street this afternoon. and as the heavens opened, drenching the loyal conservative members who had gathered to greet her, the sketch writers might have been tempted to draw analogies with the deluge of issues, that are now piling up on the new prime ministers desk. not that she seemed fazed by the challenge ahead. this is a storm we can ride out, she said, to become the modern brilliant britain i know we can be. i m honoured to take on this responsibility at a vital time in our country. what makes the united kingdom great is our fundamental belief in freedom in enterprise and in fair play. our p ....