Us treasury secretary janet yellen called the downgrade arbitrary and said Economic Conditions had improved under the biden administration. The news of the downgrade came after the close of trade on wall street but in asia investors have been pulling out of equities in reaction. Lets look at markets now in asia. Japan is currently down by over 2 . Hong kong not that far behind. This was off the back of yesterday, and most of this week we have seen the sharemarket, certainly wall street and asia having a strong session but this is certainly spooked sentiment. Lets discuss this with tom stevenson, whos an Investment Director at fidelity. Good morning. Janet woody allen saying this is arbitrary. I have her statement janet yellen and she said she strongly disagrees and says it is based on outdated data. That is based on outdated data. That is riuht. Is based on outdated data. That is right it is based on outdated data. That is right. It seems is based on outdated data. That is right. It s
not an issue they have been particular strong on, but trying to channel tony blair s tough on crime, tough on the causes of crime, kind of mantra. i think this particular idea is pretty disastrous and ill thought through an unworkable. basically hand out more committee service, sentences, but usually getting the victims of anti social behaviour involved in the sentencing, whichjust behaviour involved in the sentencing, which just sounds like so many things could go wrong with that community service. people should be sentenced for the crime they commit, as the evidence dictates, not according to what the victims think ought to happen to them, but nonetheless it is very tough stance from the shadowjustice secretary, really setting out labour s stands and showing that as we get toward the run to election campaign, there is not any issue that labour is shying away from. they are taking the battle to issues and areas where the conservatives used to be safe. and areas where the
conclusion that all this will require a significant monetary policy response. require a significant monetary policy response. we ll have the latest on the uncertainty, and on the government s remaining options. also on the programme. north and south in a day, the new prince and princess of wales make their first official visit, while talk of an investiture is being downplayed. and how nasa has tested its ability, to deflect an asteroid speeding towards earth at 12,000 miles an hour. and coming up on the bbc news channel. scotland round off their nations league campaign in poland tonight. avoid defeat against ukraine gives them promotion, as well as a play off spot for euro 202a. good evening. the united kingdom needs a fresh start , and a way out of the endless cycle of crisis , caused by the conservatives, that s the message from sir keir starmer, the labour leader. in a speech to the labour conference, he was scathing in his criticism of the government s handling of the e
i think it s hard not to draw the conclusion i think it s hard not to draw the conclusion that all this will require conclusion that all this will require a significant monetary policy require a significant monetary policy response. ukraine accuses russia of sabotaging two major gas pipelines to europe in what it describes as a terrorist attack . the kremlin says it s concerning . hundreds of thousands of people are without power in cuba after a hurricane hit the island with wind speeds over 120 mph. it s now heading for florida. and it s liverpool vs glasgow, in the battle to find out which city will host eurovision 2023. the labour leader sir keir starmer has told his party s conference that the united kingdom needs a fresh start and a way out of what he called the endless cycle of crisis caused by the conservatives. in his speech to delegates in liverpool, he was scathing in his criticism of the government s handling of the economy especially of last week s min
tonight at ten the international monetary fund weighs into the financial uncertainty in the uk, criticising the government s plan and saying it s likely to increase inequality. meanwhile, there are concerns that costs could rise including mortgages after the bank of england hints a sizeable interest rate rise could be coming. i think it is hard not to draw the conclusion that all this will require a significant monetary policy response. the chancellor has defended the government s plan and has today tried to reassure big investors and critical mps from his own party. also tonight. sir keir starmer sets out his plan to the labour party conference including a state owned green energy company. britain will get its future back a country where aspiration is rewarded, where working people succeed, a force for good in the world, a clean energy superpower, a fairer, greener, more dynamic nation. two pipe lines that carry gas from russia to europe suddenly spring a number of l