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Transcripts For BBCNEWS Outside Source 20240707

iran s supreme leader accuses the united states of orchestrating widespread public protests over the death of a young woman in police custody. we re going to start here in the uk and politics. the row over giving a tax cut to some of the richest people in the country. to some of the richest for ten days the conservative government said it was the right thing to do. now they say they re not going to do it. here s the chancellor kwasi kwarteng saying that particular tax cut is not now going ahead. the 45p rate was simply a distraction from what was a very very strong set of measures and with the prime minister i decided not to proceed with the abolition of the rate. to be clear, what we re talking about is a huge u turn on one of the government s flagship economic policies, scrapping the top rate of income tax. let s take a closer look. currently, the highest earners pay 45% tax on their income over £150,000. some 660,000 people are thought to pay the highest tax rate. so if t

Transcripts For BBCNEWS BBC News 20240707

good evening and welcome to bbc news. it s been a tough day that s how the chancellor began his speech to the party faithful at the conservative party conference this afternoon. it follows a dramatic u turn this morning when the government suddenly dropped its plan to scrap the 45p top rate of income tax. only yesterday, the prime minister had insisted the tax cut would stay except in scotland. but now kwasi kwarteng says criticism of the measure had become a huge distraction that had drowned out other measures announced in the government s so called mini budgetjust 10 days ago. his change of heart followed mounting opposition among tory mps to the tax cut. our political editor, chris mason, reports. first thing this morning, things are moving. and fast. the planned tax cut for the highest paid is being junked. the government has blinked. it was an ambitious plan, and we talked to lots of people up and down the country. i saw the reaction. we considered what to do w

Transcripts For BBCNEWS The Context with Christian Fraser 20240707

after standing by the policy. but with a growing number of senior conservatives criticising the plan, the chancellor admitted this morning that it had to go as it had become a distraction from other parts of the government s economic plan. and so the chancellor used a key speech at the conservative party conference in birmingham to try and move beyond that distraction , take a listen. what a day. it has been tough but we need to focus on thejob in hand. i know the plan put forward only ten days ago has caused a little turbulence i get it. i get it. we re listening and have listened. i refused to accept that it is somehow britain s destiny i refuse to accept that it is somehow britain s destiny to fall back into middle league status or that the tax burden reaching a 70 year high is somehow inevitable. it isn t and it shouldn t be. we needed a new. applause. conference, we needed a new approach focused on raising economic growth. just over a week after hitting an all time lo

Transcripts For BBCNEWS BBC News 20240707

gustavo petro. also, crazy about cannabis as thailand legalises marijuana we report on a boom in weed related businesses. and the russian journalist dmitry muratov auctions his nobel peace prize medal for more than $100 million, with all the proceeds going to help children displaced by the war in ukraine. five general elections inside four years that is where israel is heading as the current prime minister, naftali bennett is to step down from his post, dissolve parliament and trigger yet another election. in the meantime, the current foreign minister, yair lapid, who was due to share the prime ministerial post with mr bennet, will take temporary charge. mr bennett has been in thejob forjust over a year and has struggled to stabilise his increasingly fragile governing coalition. translation: i held a series of talks with officials and i realised that in 10 days, with the expiration of the west bank regulations, israel will experience serious security damages and legal cha

Transcripts For BBCNEWS BBC News 20240707

gustavo petro. also, crazy about cannabis as thailand legalises marijuana, we report on a boom in weed related businesses. a big bid to help the refugees of ukraine: the russian nobel peace laureate dmitry muratov auctions his medalfor more than $100 million to raise funding for children displaced by the war. welcome to our viewers on pbs in america and around the globe. five general elections inside four years that is where israel is heading as the current prime minister, naftali bennett is to step down from his post, dissolve parliament and trigger yet another election. in the meantime, the current foreign minister, yair lapid, who was due to share the prime ministerial post with mr bennet, will take temporary charge. mr bennett has been in thejob forjust over a year and has struggled to stabilise his increasingly fragile governing coalition. translation: i held a series of talks with officials - and i realised that in 10 days, with the expiration of the west bank regul

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