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we ll have all the latest reaction from westminster. also on the programme. russia launches lethal attacks on the ukrainain capital kyiv using iranian made explosive drones. a using iranian made explosive drones. russian fight city a russian fighter plane crashes in a city near the ukrainian border, setting a large residential block blaze. after weeks of political and economic turmoil in the united kingdom, sparked by the controversial financial plans championed by the new prime minister, liz truss, her new chancellor has performed what is perhaps the biggest economic u turn in the country s history. we will reverse almost all the tax measures announced in the growth plan three weeks ago but have not started parliamentary legislation. the growth planjeremy hunt was referring to there was his predecessor kwasi kwarteng s mini budget. this was delivered on the 23rd september and sparked economic turmoil because it didn t lay out how £45 million worth of tax cuts were going to ....
The bank of englands Monetary Policy committee, the nine economists who decided Interest Rates, they dont meet every month. They meet eight months a yeah month. They meet eight months a year. The fact that they have been held, it is disappointing for lots of people who want to remortgage their house. They want to see Mortgage Rates come down, its also disappointing, of course, for someone called rishi sunak, who is betting hes bet the ranch , bet the tories bet the ranch, bet the tories entire strategy for this election, to the extent they have a strategy on playing the long game, on waiting for Interest Rate cuts on getting more tax cuts in. Weve had two so far, those National Insurance reductions, tory hig ....
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