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report has just told uncomfortable truths and it has to be dealt with. air raid sirens sound in kyiv officials say russia is using self detonating drones to attack the ukrainian capital. good morning and welcome to bbc news. the new chancellorjeremy hunt is to deliver an emergency statement on the economy this morning, bringing forward measures a fortnight earlier than expected. it s expected there ll be a delay in the plan to cut the basic rate of income tax from 20p to 19p, that would be yet naother u turn from the mini statement that caused such turmoil on the financial markets. in an effort to calm those markets, the chancellor will bring forward measures from the so called medium term fiscal plan how he ll pay for the measures announced in the mini budget last month. yesterday he told the bbc that he was not taking anything off the table in terms of tax and spending. already on friday liz truss announced an £18 billion u turn on scrapping an increase in corporat ....
hold onto breezy conditions wednesday into thursday, a cluster of weather fronts from the south bringing showers or longer spells of rain, spreading north through the day on thursday. where we have son, sunny spells, temperatures could be six or seven celsius above the norm, up to 21 celsius across southern and eastern areas, mid to high teens for the north. we hang onto that through friday and into the weekend. wet and windy weather moving north, a little brightness interspersed. more rain pushing north on sunday. some rain could be heavy, may be thundery. a little sketchy this far out, so stay tuned to the forecast. the outlook, stay mild throughout friday, saturday and sunday, heavy rain at times. stay tuned to the forecast. back to you. the reshuffle is under way in the new prime minister is busy working on ministerial appointments. we hear that wendy morton is out as chief whip and heading to the backbenches, jacob rees mogg and brandon lewis we reported earlier ....
care workers out of theirjobs. it s the late, late show at old trafford, as an injury time winner earns manchester united victory in the europa league, which keeps alive their chances of winning their group. we are live at king s cross station in london. say happy birthday to the world s most famous train, the flying scotsman, celebrating 100 years on our ways. and as we steam towards the weekend, expect a mishmash of cloud, sunshine and rain at times. sunday looking driver many. coming up. good morning. it s friday, the 14th october. our main story. the chancellor kwasi kwarteng has cut short his visit to the us to hold urgent talks with the prime minister, as pressure mounts on the government over its mini budget. liz truss is facing intense pressure to reverse her tax cutting plans, in a bid to reassure both the financial markets and her own party. frances read reports. behind closed doors in downing street, everything is back on the table. billions of pounds of borr ....
Understand economics and markets. i think that is why the markets have gone up in response, gilt prices had fallen, stirling have strengthened and so on. we have to do all of that and so on. we have to do all of that and we can t do it on our own, so one of the main messages i would be given to him if i was talking to him is that the idea of global britain all by itself out that the european union and lobbing bricks at neighbours for reasons of somehow giving pleasure to the right wing of the party, this is over. the united kingdom has now got to repair its relationships with its neighbours in the european union, it has got to make its relationship with the united states work well, even though the era of the united states being relied upon to sort out all the worlds problems is probably behind us, and it has got to focus on the big issue that are damaging the economy and international security. ....
To head to build afternoon. what are the markets need to head to build on afternoon. what are the markets need to head to build on that? afternoon. what are the markets need to head to build on that? i to head to build on that? i think they need to head to build on that? i think they need to to head to build on that? i think they need to hear to head to build on that? i think they need to hear a to head to build on that? i think they need to hear a more - to head to build on that? i think they need to hear a more detail| to head to build on that? i think. they need to hear a more detail on how the government will ensure a sustainable fiscal position of the next few years. we have seen a big u turn on friday with a corporation tax cut, if we see more u turns on the income tax reduction, perhaps some efforts to control the cost of the energy price cap, then that should bolstered confidence in the longer run. we still damn i should see the market reaction to to improve. se ....