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UK's biggest tax cuts since 1972 prompt crash in Pound

The pound and UK government bonds fell after Chancellor of the Exchequer Kwasi Kwarteng scrapped the 45% the top rate of income tax, paid by only the richest earners, and cut the basic rate from 20% to 19%

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Transcripts for BBCNEWS BBC News 20240604 13:19:00

With energy companies this week. nothing was agreed. nothing was agreed. what has happened. nothing was agreed. what has happened. i nothing was agreed. what has happened, i believe nothing was agreed. what has happened, i believe you - nothing was agreed. what has - happened, i believe you interviewed the chancellor of the exchequer. he has tasked his civil service with working up a range of different options so when the new prime minister comes in they can hit the ground running with that, ready to go. ground running with that, ready to lo, ., ~ ground running with that, ready to to. ., ground running with that, ready to no. .,«, , . ~ ground running with that, ready to go. thank you very much. a supporter of liz truss go. thank you very much. a supporter of liz truss to go. thank you very much. a supporter of liz truss to be go. thank you very much. a supporter of liz truss to be the go. thank you very much. a supporter of liz truss to be the next of liz truss t

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Transcripts for BBCNEWS Breakfast 20240604 05:01:00

To call for national lung cancer screening. england fight back to reach the semi finals of the euros. an extra time time winner from georgia stanway sees them come from behind to beat spain. it s thought half of all kennels across the uk have closed during lockdown, but with many more of us now owning dogs, getting a space at a boarding house like this is now a very hard thing. good morning. today will be cooler than yesterday. for england, fairly cloudy with the odd shower. bright and sunnier in the west. i ll have all the details and more later in the programme. good morning. it s thursday zistjuly. our top story two candidates are left in the race to replace borisjohnson, as rishi sunak and liz truss go head to head to become the next prime minister.

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Transcripts for BBCNEWS BBC News 20240604 16:00:00

This is bbc news this is bbc news with martine croxall. the headlines at five. rishi sunak and liz truss go head to head as they set out their pitches to the conservative party. what is not affordable is putting up taxes, choking off growth and ending up taxes, choking off growth and ending up in a much worse position. the bbc has apologised to up in a much worse position. the bbc has apologised to the up in a much worse position. the bbc has apologised to the former - up in a much worse position. the bbc has apologised to the former nanny i has apologised to the former nanny over a number of serious and false allegations made against her. a corner has said that the five people including four teenager soldiers who died in the guildford pub bombings in 1974 were unlawfully killed. president biden has tested positive for covid. the white house

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