we begin here in the uk, where the institute for fiscal studies is warning the chancellor big and painful spending cuts will be needed to put the country s finances on a sustainable path. the independent think tank predicts with a weaker economy and promised tax cuts, there will be a large shortfall in revenue. it calculates the government would have to spend £60 billion a year less by 2026 27. the treasury says its tax cuts and reforms would deliver sustainable funding for public services . more for public services . detail on that on october sist. joining me now is janet mui, head of market analysis, rbc brewin dolphin. they have quite a lot of detail as to why they believe the government will not have the money it needs to go ahead with plans? money it needs to go ahead with lans? ., ., ., plans? thanks for having me, first of all plans? thanks for having me, first of all before plans? thanks for having me, first of all before the - plans? thanks for having me, firs
fears grow for a female iranian athlete who competed in a climbing competition without wearing a hijab her family say they ve good afternoon and welcome to bbc news, live from westminster. the prime minister will be meeting more backbenchers as she continues to try to shore up her leadership, a series of difficult headlines this morning following yesterday, following that interview as well, with our political editor chris mason in which she apologised for issues since she became prime ministerjust 41 days ago, earlier on today, it was business as usual, almost, with a cab neating, she and cabinet meeting, she and the new chancellor speaking at that meeting and the chancellor was setting out his plan, his thoughts on spending cuts which he said were on the way, he said that departments should agree those spending cuts by the end oaf week so a tight timetable there, and, they were meeting of course after he tore up most of that mini budget, the liz truss economic policy, t
and the economy is also a key issue for us voters three weeks out from the crucial midterm elections as inflation continues to rise. tonight with the context, paul waugh, chief political commentator for the i newspaper, and democratic strategist mary anne marsh. as government u turns go, and there have been a few of late, this was a big one. britain s new chancellor, jeremy hunt, has dumped nearly all of the flagship economic policies of the liz truss government in an attempt to end weeks of financial turmoil. it has left the prime minister fighting for her political survival with a few mps openly calling for her to quit, and more doing anonymously. this gives you an idea of the scale of how much has been dropped from the pm s plan for growth last month which the then chancellor kwasi kwarteng announced in parliament, and how little now remains. the 1p cut in the basic rate of income tax has been dropped indefinitely. it will remain at 20p. the 2 year cap on energy prices h
A lot of sort of things to have to balance there, and all of that, yes, but the end of the month, by october sist. but the end of the month, by october 31st. , ., but the end of the month, by october 31st. ,. but the end of the month, by october 31st. ~ ,., ., 31st. and you can imagine the narrative and 31st. and you can imagine the narrative and counter - 31st. and you can imagine the | narrative and counter narrative 31st. and you can imagine the - narrative and counter narrative then damian with the government saying that public spending is going up overall with opposition parties saying if it is not going up at at the same rate of inflation in real terms it s a cut and it shows doesn t it the tension between trying to keep the markets calm, and what the publike might have to face in terms of public services. yes. in terms of public services. yes, and the chancellor in terms of public services. yes, and the chancellor said - in terms of public services. yes, and the chancell
We begin here in the uk, where the institute for fiscal studies is warning the chancellor big and painful spending cuts will be needed to put the country s finances on a sustainable path. the independent think tank predicts with a weaker economy and promised tax cuts, there will be a large shortfall in revenue. it calculates the government would have to spend £60 billion a year less by 2026 27. the treasury says its tax cuts and reforms would deliver sustainable funding for public services . more for public services . detail on that on october sist. joining me now is janet mui, head of market analysis, rbc brewin dolphin.