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it is bbc news. the headlines. as the prime minister fights for her political life, the new chancellor admits mistakes were made in rolling out the new economic policy and that some taxes will rise. we out the new economic policy and that some taxes will rise. some taxes will rise. we are going to take some some taxes will rise. we are going to take some tough some taxes will rise. we are going to take some tough decisions, - some taxes will rise. we are going to take some tough decisions, not| to take some tough decisions, not just on spending but also on tax because we have to show the world that we have a plan that adds up financially and that is the way that we will get stability back in the situation. but there is more bad news for the government, the bank of england says interest rates may have to go up higher than predicted. we interest rates may have to go up higher than predicted. interest rates may have to go up higher than predicted. we will not hesitate to r

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