The truth is taxes are still going up. People feel worse off because they are worse off. So this morning, we have one big question in what direction would labour drive the economy . The woman in charge of the partys calculator, Rachel Reeves, who wants to be the next chancellor is here. The budget promised extra cash to get more bang for taxpayers bucks in the Health Service. Well ask the health secretary, victoria atkins, what difference that will make. And whats it like when your body wont do the Amazing Things you used to do the lead singer of del amitri tells us how parkinsons hasnt stopped him taking to the stage. Morning, morning. Helping me out at the desk for the next 60 minutes, chef and green campaigner Hugh Fearnley whittingstall, john lewis boss dame sharon white, and lord michael howard, former conservative leader, and one time Shadow Chancellor, too. A very warm welcome to all of you. Making the news this morning. The sunday times says Boris Johnson went to venezuela, and
let s speak to james smith, developed markets economist at ing. people are talking of a mild recession. what does that mean? quite often when we talk about recessions and the gdp numbers we think of two courses of negative growth being a technical recession. but that doesn t always feel like a recession to people. when we see a recession to people. when we see a recession we associate it with widespread job losses, people spending less money, people trying to save more, because they re uncertain about what is to come. we are not necessarily seeing that now. the fall in gdp we saw in the third quarter was small, we might see another slight fall in the fourth quarter. but it is not comparable to recessions in the past such as 2008 and the covid recession. so it is worth putting that in context. fix, worth putting that in context. a recession is two sets of three months where growth has been negative. in terms of what it means for people, what will this mean? the uk economy is
policy is working at cross purposes. what s your reaction to what liz truss has said this morning? what impact is the turmoil in the economy having on you? get in touch with your concerns via twitter @annitabbc and use the hashtag #bbcyourquestions two million people are left without power as one of the most powerful storms in us history hits florida s southwest coast. the gangsta s paradise rap star, coolio, has died at the age of 59. and scientists find evidence that dogs can read our mood by using their powerfull sense of smell. the prime minister, liz truss, has been speaking to the media about the economy for the first time since her government s tax cutting mini budget. she s defended her strategy, saying decisive action had to be taken, and the measures were needed to get the economy moving. however she conceded that growth wouldn t come immediately. her comments came as the former governor of the bank of england, mark carney, criticised the way the government promised
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