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BBCNEWS Breakfast July 7, 2024

hi, dodd. not seen you for a while. how have you been, you big giraffe? sally laughs. good morning. with one game to go before the world cup begins, how gareth southgate s future s the spotlight, a year after leading england to the euros final. good morning. we ve currently got some rain in the south east which will clear away and for all of us we are looking at a day of sunshine and showers and a noticeable wind too, and feeling chilly in that wind. i will have all the details about this mornings programme. good morning, everybody. it s monday 26th september. our main story. the pound has fallen to its lowest level against the us dollarfor 50 years. the record slump came after the government unveiled tax cuts funded by huge increases in borrowing. let s talk more to nina about this. how did this all start? a drop to around $1 how did this all start? a drop to around s1that s how did this all start? a drop to around $1 that s the how did this all start? a drop to ar ....

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BBCNEWS BBC News July 7, 2024

days so a significant storm surge, flooding rainfall and damaging winds. it s not the only tropical cyclone we are watching because herrick and ian is strengthening in the caribbean, pushing towards western cuba during tomorrow and potentially heading closer to florida, making landfall by thursday. both these storms had the potential for flooding thursday. both these storms had the potentialforflooding rainfall, damaging winds and a significant storm surge so very active at the moment towards the tropics. closer to home in the uk, its typically autumnal. the wind has been whipping up autumnal. the wind has been whipping up the waves, big shower cards around and the next few days, we stick with that theme. call for the time of year, blustery winds and plenty of showers. we have high pressure at the moment sitting in the atlantic, an area of low pressure approaching from the north east, squeezing the ice of that combination is drawing in north westerly winds. following the arro ....

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BBCNEWS BBC News July 7, 2024

the islamic republic, as protesters again take to the streets. and the actor robbie coltrane, who played hagrid in the harry potter films, has died aged 72. welcome and thank you. less than 2a hours after kwasi kwarteng insisted he was 100% safe in his job as uk chancellor, he has gone sacked by liz truss after he flew back early from washington. in a day of political drama, the prime minister also reversed another of her key tax policies in an attempt to calm the financial markets. our political editor, chris mason reports. turning up for another u turn, the prime minister invited reporters to downing street this afternoon and scrapped one of her key policies that she s championed for months. it is clear that parts of our mini budget went further and faster than markets were expecting, so the way we are delivering our mission right now has to change. i have therefore decided to keep the increase in corporation tax that was planned by the previous government. this wil ....

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BBCNEWS BBC News at Ten July 7, 2024

it s tearing our margins to shreds, we are trying our best to absorb . what cost increases we can. but ultimately, because - the pressure the business is under, we expect to have to put prices up as a result. at the labour conference, the party outlines its own plans for the economy, including cancelling the tax cut for top earners. with a labour government, those at the top will pay theirfair share. the 45p top rate of income tax is coming back. we ll have the latest on the uncertainty over the government s approach to managing the economy. also tonight: in eastern ukraine, we report from the city of bakhmut the latest target of constant russian shelling. in the last few minutes we have been hearing incoming and outgoing shells every 30 seconds or so. it really doesn t stop. and england and germany play out a six goal thriller. and england and germany play out a six goalthriller. but and england and germany play out a six goal thriller. but still no win for the three ....

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BBCNEWS World Business Report July 7, 2024

and avoid reputational damage. we start with the day ahead here in the uk with a new prime minister in waiting. and as you ve been hearing from day one, liz truss has a monumental task ahead, both economically and politically. rising inflation and the high cost of energy is at the forefront of voters minds with households and businesses desperate for help. no surprise then that the energy crisis is top of the new prime minister s agenda. a freeze on energy bills is understood to be one of a number of options being worked on. that could mean bills are subsidised and the current price cap ofjust under £2,000 would be maintained for two years. the cap would be repaid in loans over the next 10 to 20 years, plus help for businesses is expected to be unveiled. scottish power estimates the two year package of energy relief could cost around £100 billion. joining me now is douglas mcwilliams, deputy chairman of the centre for economics and business research. this government ....

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