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three in the afternoon. a fourth leak is discovered in the nord stream 2 gas pipeline in the baltic, nato calls it a deliberate act of sabotage. and tributes are paid to the american rapper coolio who has died at the age of 59 in los angeles. coming up on the bbc news channel. it is victory for warwickshire on the final day of the county championship, which means relegation for yorkshire. good evening and welcome to the programme. the prime minister has insisted that her tax cutting plans are right for the economy and she will not be changing course. in her first interview since the chancellor s mini budget last friday, liz truss argued that record in the pound and record rapidly rising borrowing costs in the uk are part of a global crisis that has been sparked by the war in ukraine and she said the government s strategy would support people and businesses hit by rising energy prices. here is our economics editor faisal islam. an engine factory in darlington. the chance ....
announced by his predecessor, kwasi kwarteng, in last month s mini budgetjust three weeks ago. in an emergency statement this morning, he abandoned indefinitely the planned ip cut in the basic income tax that was due to come next year. help with energy bills will now only last until next april. instead of for two years, and then that will be reviewed. today, jeremy hunt claimed all of those announcements will save £32 billion a year, but he also warned that there are going to be more difficult decisions ahead on tax and spending to cut government debt. he will be addressing mps in the commons later this afternoon, some time after lipm. before then, there will be an urgent question in there will be an urgent question in the commons asked by sir keir starmer. it will not be liz truss responding to that, it will instead be penny mordaunt. so plenty ahead in the commons. in terms of the market reaction, jeremy hunt said that he had sought to reassure the markets this morni ....
finding a way to trade with the uk internal market and also the european single market, border checks between england and scotland, as announced today by the first minister. massive gap in public finances that would have to be breached. that is a recipe for precisely the austerity she say she is worried about. let me say this. if we want economic stability, if scotland wants economic stability, to coin a phrase, we are stronger together. what will the impact of these measures be on the growth rate, and will we still avoid recession? i will we still avoid recession? i will publish the economic forecast from the obr when i make my statement in a fortnight s time. i think it s betterfor statement in a fortnight s time. i think it s better for me to wait until i hear that. but the proper answer to his question is that what we are seeking is long term, sustainable increase in the economic growth rates, and that is a central policy of the prime minister which has my wholehear ....
self inflicted, sometimes there is an economic crisis because of world events that can t be predicted. this is self inflicted, in downing street, with that budget. we ll have more on the bank of england s emergency intervention, and whether it s likely to work. also on the programme. an investigation by bbc panorama exposes what s described as a toxic culture at one of the uk s largest mental health hospitals. and, the people of florida are bracing theselves for one of the worst storms in the state s history. and coming up on the bbc news channel. the latest from lahore, as england take on pakistan in their fifth match of a gripping t20 series the sides locked at two matches each. good evening. it s been another day of instability on the financial markets, as concern deepens about the prospects for the british economy. last week s widely criticised mini budget unveiled by the chancellor raise laze been followed by a collapse in the pound and a sharp increase in the co ....
sometimes there is an economic crisis because of all the events that cannot be predicted. this is self inflicted in downing street with backbenchers last week. humiliated, abused and isolated for weeks patients put at risk due to a toxic culture at one of the uk s biggest mental health hospitals, bbc panorama reveals. health officials are urging those eligible to get their flu jabs and covid boosters. experts have warned of a big, and early wave of the flu this autumn. millions of people in florida preparing for life threatening storms and there will be high winds and flooding at hurricane ian approaching. the bank of england has stepped in to prop up the government bond market, after uk interest rates soared, and gilts tumbled, following the government s mini budget. the bank warned the market s reaction to the government s measures now represented a material risk to uk financial stability . it says the market for gilts, in which the british government borrows, ha ....