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western leaders from the g7 issue a statement condemning russia s this afternoon, the chancellor says he will announce his decision about operating benefits during his medium term fiscal plan on october the programme. western leaders from the g7 issue a statement condemning russia s latest attacks on civilian targets in ukraine. ukraine s president zelensky joined their meeting virually and the g7 promised to keep supporting him and his country. a hearing is under way at the supreme court on whether scotland can call an independence referendum without the consent of the uk government. the prime suspect in the disappearance of madeleine mccann has been charged in germany with unrelated sexual offences. the chancellor kwasi kwarteng has defended his economic plan in the house of commons responding to mps accusing him of creating chaos by saying that he is relentlessly focused on growing the economy . gfx)today, the bank of england made a fresh move to try to calm investors ....
instability and rising mortgage rates for some time to come. downing street says the prime minister is now focussed on ensuring economic stability, but with most of her plans now ripped up, we ll be asking whether liz truss can survive, and getting reaction from voters. also this lunchtime the head of the metropolitan police says hundreds of his officers should have been sacked for gross misconduct. civilians rescued in the ukrainian capital after an attack by russian kamikaze drones. and against the odds, scotland s cricketers beat the west indies in one of their greatest ever victories. and coming up on the bbc news channel scotland have made a winning start to their t20 world cup campaign with a shock defeat of the west indies in australia. good afternoon. the new chancellor, jeremy hunt, has scrapped almost all of the key measures in last month s controversial mini budget, in the latest in a series of government u turns. in an emergency statement, aimed at rea ....
announced by his predecessor, kwasi kwarteng, in last month s mini budgetjust three weeks ago. in an emergency statement this morning, he abandoned indefinitely the planned ip cut in the basic income tax that was due to come next year. help with energy bills will now only last until next april. instead of for two years, and then that will be reviewed. today, jeremy hunt claimed all of those announcements will save £32 billion a year, but he also warned that there are going to be more difficult decisions ahead on tax and spending to cut government debt. he will be addressing mps in the commons later this afternoon, some time after lipm. before then, there will be an urgent question in there will be an urgent question in the commons asked by sir keir starmer. it will not be liz truss responding to that, it will instead be penny mordaunt. so plenty ahead in the commons. in terms of the market reaction, jeremy hunt said that he had sought to reassure the markets this morni ....
finding a way to trade with the uk internal market and also the european single market, border checks between england and scotland, as announced today by the first minister. massive gap in public finances that would have to be breached. that is a recipe for precisely the austerity she say she is worried about. let me say this. if we want economic stability, if scotland wants economic stability, to coin a phrase, we are stronger together. what will the impact of these measures be on the growth rate, and will we still avoid recession? i will we still avoid recession? i will publish the economic forecast from the obr when i make my statement in a fortnight s time. i think it s betterfor statement in a fortnight s time. i think it s better for me to wait until i hear that. but the proper answer to his question is that what we are seeking is long term, sustainable increase in the economic growth rates, and that is a central policy of the prime minister which has my wholehear ....
the new uk chancellor, jeremy hunt has been in talks with prime minister, liz truss as they consider further changes to the mini budget that had been the centrepiece of her economic plan. 48 hours into thejob, mr hunt has made clear nothing has been ruled out on taxes or spending. he also said the prime minister is in charge. some of her own mps are continuing to criticise her though, and are calling for changes to her team and they re questioning whether she can remain in office. here s our political correspondent ben wright. behind the doors of the prime minister s country retreat, liz truss met her chancellor not unusual in normal times, but these are not. jeremy hunt has been sent in to urgently rewrite the government s economic plan. so who has the power now? the prime minister is in charge. really? i think it is important that when you talk about ditching things, the biggest element of that mini budget was the energy price guarantee. some tory mps think liz tr ....