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to announce his resignation in early july following repeated criticism of his conduct in government. the decision on who the new prime minister will be is down to a relatively small group of 160,000 conservative party members. borisjohnson will formally resign tomorrow and the the queen will then ask liz truss or rishi sunak to form a government. u nfortu nately, we unfortunately, we have some technical issues with our link to huw, but there is a picture of the door at no 10, who will be walking into it as the new prime minister? we are half an hour away from that announcement. and as huw mentioned, it will be the fourth prime minister in six years. so, the scene is set at the qeii conference centre, which is just around the corner from downing street. as you can see, there is a large press contingent gathered there, waiting for the announcement. and around the corner is where the announcement will be made. we can see all of the journalists lined up, the cameras trained ....
cheering thank you for putting your faith in me to thank you for putting your faith in me to lead thank you for putting your faith in me to lead our great conservative party liz truss will become prime minister tomorrow what s her answer to some major questions facing the uk? i will act immediately on bills and on energy supply. he ll have to leave number 10 first have we heard the last of him? he will be a great loss to politics, but hopefully it ll only be a temporary loss. and will prime minister truss be able to unite her party after all of this? £40 billion more borrowing. i that is the country s credit card, i it s on children and grandchildren. it has been a busy summer and a busy first day back. i m joined by gerard lyons, wes streeting, sebastien payne and isabel hardman. we ll bring you all the developments as they happen. first let s show you how the results looked. just over 57% to liz truss, just over, actuallyjust under 43% to rishi sunak. and l ....
inflation remaining stubbornly high. why this is worse than expected in a president biden from the study because of the white house was celebrating the inflation reduction act which is going to take a long while to make a financial impact. todd: kevin corke s fire, his reign, and you ll live in washington with more on all of it. cabin, good morning to become a mentor, you get the good stuff linebacker it was, let s be honest, and all just a position, right? to be at the white house yesterday, there was this plan is a mark the passage of the inflation reduction act with music legend james taylor, no less. but it was overshadowed by a stock market plunge that sent shock waves across the globe. talk about your fire and rain. the disastrous drop coming after a government report on consumer prices showed much higher than expected inflation persisting, up a crushing 8.3% in august. grocery bills skyrocketing up 13.5%. got a family? you know it s getting up the paper that is ....
nearly 1300 points. you can see it right here in the corner as you celebrated quite a contrast. scathing inflation report and the labor department revealing consumer price index rose 8.3 fears in august from a month ago. americans didn t need those numbers to know how bad things really are. food prices have seen their highest increase more than 40 years and cost of eggs, milk, and other basic staples are all going through the roof. it appears democrats are out of touch with americans. here s nancy pelosi yesterday asking for a round of applause. mr. president, thank you for unifying and inspiring a vision of a stronger, fairer, writer and future. your leadership made this glory yous day possible. that s an applause line. emily: cringe, there appears to be a downer that attended the party and here s the media reaction. harris: you re listening to president biden at the white house and celebrating the passage of inflation reduction act and fighting big pharma for de ....