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BBCNEWS BBC News Special July 7, 2024

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 ....

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BBCNEWS BBC News July 7, 2024

exactly under what mechanism, but it will happen. china s president, xijinping, has been defending his controversial zero covid strategy as a historic communist party congress kicks off in beijing. the iranian authorities say four inmates are dead after a fire at a prison in the capital as protests continue. more than 1,000 paddington bears and other teddies left by the public in memory of the late queen elizabeth are to be sent to charity. good afternoon. the new chancellor, jeremy hunt, has asked conservative mps to get behind the prime minister, liz truss. he s insisted that she remains in charge of the government and said the country needed stability, not another protracted leadership campaign . mr hunt has held talks with ms truss today on further changes to the government s tax and spending plans, which led to turmoil on the financial markets. she s faced another blow to her authority with criticism from the us president, joe biden. 0ur political correspondent, p ....

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BBCNEWS Newsday July 7, 2024

iran s president warns he will not accept what he calls chaos , as the crack down continues on nationwide protests since the death of a young woman in custody. britain s prime minister admits her government should have communicated better before the mini budget that sparked turmoil on the financial markets and insists they ll be no u turn on axeing the top rate of income tax. live from her studio in singapore. this is bbc news. it is newsday. votes are being counted in brazil after one of the most polarised presidential elections in decades. the right wing incumbent, jair bolsonaro, is facing a strong challenge from his socialist rival, luiz inacio lula da silva. millions of people queued for hours to cast their votes and some polling stations stayed open past the scheduled closing time to give everyone a chance to participate in what lula has described as the most important elections in brazil s history. we can go now to laura trevelyan in rio dejaneiro. welcome to an ext ....

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BBCNEWS The Papers July 7, 2024

being hosted by christmas. finally, away from politics, the paper leads with a call from spice girl, mel b, that politician should do more to combat domestic abuse. a little flavour of those front pages there. let s kick off this time around with the times. we were saying how many more political big beasts or tory voices would bejoining more political big beasts or tory voices would be joining that of michael gove. we have grants chaps on the front page of the times. that is rants on the front page of the times. that is grants chaps. on the front page of the times. that is grants chaps, liz on the front page of the times. twat is grants chaps, liz truss got into her office and said he was one of the most effective cabinet ministers but he would be sacked because he didn t back her. he turned against her comments on this like she knows nothing about politics. very odd. the way this has been handled from a party management point of view is it would be an insult to ima ....

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BBCNEWS The Papers July 7, 2024

torres feared the voters have more household help us in provided. the telegraph says the front runner may set out her plans to tackle the energy crisis on day one according to that paper. she is the headline on most of the papers on saturday. meanwhile, the times covers russian president putin cutting off a major european gas pipeline indefinitely which he blames on an an oil leak. none of the papers seemed very convinced by that explanation. the ft reports on how the world s leading economies, the g7, have agreed on a russian oil price cap in an attempt to curb moscow s ability to finance the war in ukraine. back here, the express headline tories put on war footing for snap election political strategists view october it means october 2023 rather than december 2024, which is the last possible day for a general election. the guardian quotes the police chief s criticism of liz truss crime policies, labelling them unwise and meaningless. and the daily mail asks mps ....

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