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profits but the money is rolling in as it benefits from high interest rates. and qatar looks to cash in on the world cup to boost its economy we have a special report from doha. financial markets reacted calmly as it emerged that rishi sunak is set to be the uk s next prime minister. the pound is broadly unchanged against the dollar and government borrowing costs stayed lower after commons leader penny mordaunt dropped out of the leadership race. but the new prime minister inherits a daunting in tray with the cost of living crisis soaring energy prices and rising inflation. not to mention the war in ukraine and brokering a good relationship with europe. our business correspondent theo leggett has more. the news that rishi sunak is the new leader of the conserve the new leader of the conserve the party and will therefore become the next prime minister of the uk is something international investors seem to have taken in their stride. there has certainly been no return ....
convened her final cabinet meeting afterjust seven weeks in office, making her the shortest serving prime minister in british history. i cannot deliver the mandate on which i was elected by the conservative party. i have therefore spoken to his majesty the king to notify him that i am resigning as leader of the conservative party. this is the easy bit, they will appreciate the transition from one prime minister to the other. after that, in tough road lies ahead with rising inflation, rising bills and rising inflation, rising bills and rising interest rates. we will bring you more throughout another momentous day in british politics. do stay with us on bbc news. it has been a period of immense instability in british politics, the transitions between two prime ministers in a matter of months. a busy summer, a long contest to decide who would become the leader of the conservative party, the ruling party in the uk at the moment. they have been in office first with coalition ....
good morning from the centre of richmond in north yorkshire, rishi sunak s constituency. i will be speaking to people about the cost of living pressures they are facing and what they would like to see the new prime minister do to support them. in other news. the mother of murdered hull student libby squire is to meet her daughter s killer in prison. back with a point to prove how aston villa have moved to replace steven gerrard with the former arsenal manager unai emery. good morning. it is another mild day ahead following on from a mild start. for many it will be dry, although there are a few showers in the north and west. later, heavier rain and stronger winds in the south west. details coming up. good morning from downing street. it s tuesday, the 25th of october. rishi sunak will today become prime minister the third this year. it isa it is a day of firsts. he will be the first british asian to make it to number 10, and at 42, will become the youngest prime mini ....
The guardian leads on mr sunak s unite or die warning, as he prepares to enter number 10 today. the article says he has vowed to prioritise policies not personalities. mr sunak s love of star wars sees him holding a lightsabre on the front page of the sun, alongside the headline, the force is with you, rishi . but the daily mirror takes a slightly different approach by asking, who voted for you? the paper points out that another tory is about to take to power without winning a general election. a busy programme ahead. we are going to hearfrom members of the conservative party, members of the opposition. wherever you are today, whatever you are up to, you can keep up to date on bbc news online. and constant updates on the bbc news app as well. there will also be a bbc news special from downing as well. there will also be a bbc news specialfrom downing street as well. there will also be a bbc news special from downing street on bbc one here at ten o clock this morning following the ....
Again this morning, just as it was at balmoral. on that occasion, the last formal duty of the late queen, and it happened at balmoral because of her frailty and health, we saw borisjohnson of her frailty and health, we saw boris johnson arriving of her frailty and health, we saw borisjohnson arriving to resign and liz truss arriving to be invited to form a government. we remember that photograph of her with the queen. today, essentially the choreography is the same, though rather more straightforward giving that it is happening here and rather damp buckingham palace. at about half past ten liz truss will arrive to tender her resignation to king charles. then at around 11 o clock, we think rishi sunak will arrive to be invited to form a garment. it is quite a short audience. the essence of it is that the sovereign invites the leader of the largest party in the leader of the largest party in the house of commons to form a government. the prime minister must be a person who can command th ....