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without manchester city. the holders have been knocked out for the first time in five years in a penalty shootout with west ham. good morning. the met office has a tear and that warning is out for heavy rain today. for south west scotland and cumbria. further disruption and flooding as possible and wherever you are it will be windy but mild. all the details later in the programme. it s thursday, the 28th of october. our main story. the chancellor, rishi sunak, has outlined a £150 billion spending spree over three years in his budget. but there are warnings that rising inflation and high taxation could mean no improvement in living standards. our political correspondent chris mason has the story. any budget is a delicate mix of ingredients. first comes the chancellor s address to the commons. then it s a selling job. here we go. taxes on alcohol are being simplified. cheers! ..so a trip to a brewery was in order. to rishi! and the chancellor is out and about again thi ....
a tax cut to bankers or indeed to reduce air passenger duty on domestic flights when we should be encouraging people to use trains for those journeys. tension over post brexit fishing rights in the channel as france says it s detained a british boat caught fishing in french waters without a licence. the uk s chief scientific advisor says plans to limit global warming to 1.5 degrees are an urgent call for action on climate change. 1.5 is achievable but not achievable without 1.5 is achievable but not achievable without significant action and reduction in emissions over the period reduction in emissions over the period until 2030. police in the united states investigating the accidental killing of a cinematographer on a film set in new mexico say they believe the gun used by the actor alec baldwin contained a live round. and britain s newest polar research ship the rrs sir david attenborough prepares to set sail for its maiden voyage to antarctica. good mornin ....
flights when we should be encouraging people to use trains for those journeys. tension over post brexit fishing rights in the channel as france says it s detained a british boat caught fishing in french waters without a licence. a study has found that some of the world s most highly protected forests are emitting more carbon than they absorb as a result of illegal logging and wildfires. moscow is set to shut down all non essential businesses from today, in a bid to halt soaring coronavirus cases and record death rates. as britain s newest polar research ship the rrs sir david attenborough prepares to set sail for its maiden voyage to antarctica, sir david himself spoke of what it might achieve. in the light of the scientific discoveries that this ship will undoubtedly be making, that nations -ot undoubtedly be making, that nations got together and listened to the science got together and listened to the science of what has to be done if the world science of what has ....
he is running again. my guest today is one of his most important backers, economy and finance minister bruno le maire. now, he has big ambitions to make france the greenest, the most dynamic economy in europe. that is a handy election slogan, but is it credible? minister bruno le maire, welcome to hardtalk. thank you. minister, you came to this economy and finance ministry with big plans for structural reform. has the covid crisis destroyed those ambitions? i would say that it has destroyed no ambition. we will stick to the path of reforms. we have started the mandate of emmanuel macron with key reforms for the french economy, especially the reforms on taxation. we have reduced the level of taxation for french smes, for french people, by 50 billion euros. we have introduced reforms for the simplification of the life of the smes. then came this huge crisis, and i think this is the most important crisis since 1929 that we ve lived in europe, in the western world, in china ....
for a new age of optimism. can his speech deliver on that promise against a backdrop of supply problems, rising energy bills and pressure on household finances? unfortunately sometimes what the government gives with one hand it takes away far more with another. i think the first thing the chancellor should be doing we ll have all the analysis and we ll be speaking to a treasury minister and shadow chancellor rachel reeves. i m here in bristol, talking to small business owners and asking them what they would like to see coming out of this afternoon s budget announcements. and before the chancellor gets to his feet, we ll hearfrom borisjohnson and keir starmer at pmqs. welcome to you all, to this budget special. let s show you the scene live in westminster, the glorious helicopter shots of the palace of westminster and the river thames. it is a big day here, a big day because rishi sunak, the chancellor, will not only be delivering his budget, he will also be delivering his spe ....