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BBCNEWS BBC News July 7, 2024

rachel reeves, the shadow chancellor, is there and they promise they will bring back the rate of interest tax to fund nhs staff. other news this afternoon. a moment of history in italy georgia meloni looks set to become its first far right leader since the second world war and its first female prime minister. a school shooting in russia has left at least 13 people dead, seven of them children. and nasa prepare to crash a space probe into an asteroid to find out how hard it would be to save the planet. welcome to bbc news, very good to have your company and it is going to be a busy afternoon. the pound fell overnight to its lowest level against the dollar for half a century. asian markets were reacting in part to the government s announcement last week of tax cuts and increased borrowing to pay for them. of course, that had come too late for their trading week on friday. at one stage, sterling plunged to around $1.03, before regaining ground. a weaker pound raises th ....

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BBCNEWS Outside Source July 7, 2024

and outgoing shells, every 30 seconds or so. it really doesn t stop. and science fiction made reality as nasa plans to try to divert an asteroid by crashing a rocket into it. we start in the uk where the bank of england says it won t hesitate to take action to control inflation, after the pound slumped to an all time low against the dollar. take a look at this chart from this morning s asia trading. at one point sterling fell to $1.03 the lowest since 1971 though it s since recovered slightly. there s been speculation that the bank of england may announce an emergency hike in rates to control rising prices. for the moment, that hasn t happened. well there s lots to unpack. first to understand what s happening today we must go back to friday and to this annoucement in parliament. i can announce today that we will catch the basic rate of income tax to 19p, in april 2020 three, one year early. that means a tax cut for over 31 million people injust a few months t ....

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FOXNEWS Special Report With Bret Baier July 7, 2024

correspondent amy kellogg takes a look at the surge tonight from millan, italy, good evening, amy. it s being called far right government since mussolini and georgia mel lonnie looks said. it is already making history and some waves across the continent. a great day for europe say the continent s other far right leaders, a dark day for italy say center left attracters. georgia meloni says she will do her best to make everyone happy. it s important to understand that if we will be called to lead this country we will do that for all. we will do that for all italians. we will do that with the aim to unify its people. to say underline what unifies it rather than what divides it. m meloni garnered more votes than any other party. meloni will have to form a coalition. she plans to do that with the parties of four time prime minister and fire brand far right lead party leader. the victory of the right comes on heels of swedish voters overturning longstanding center lef ....

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BBCNEWS The Papers July 7, 2024

europe. we will continue to have all the analysis and coverage here on bbc news. for now i will hand you back to london. back with you shortly, but let s turn our attention out of the uk. now to the the labour leader sir keir starmer has said that if the party won the next general election it would reinstate the 45% top rate of tax, which the government is to scrap but that they would keep the one pence cut in basic rate tax also announced by the chancellor. as the labour party conference got underway, sir keir said the party would take a very different approach to economic growth, partly by promoting green energy. from liverpool, here s our political editor chris mason. labour wants you to see and hear that it has changed. the party marking the queen s recent death, but making a statement about itself as well. we now seeks to be patriotic and not squeamish about it. and labour now seeks. and this is a party blown away by the conservatives three elections in a r ....

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BBCNEWS BBC News July 7, 2024

as they come in on this, the most crucial of election nights. and i m lucy grey with the other main stories this hour. the iranian president threatens decisive action to stop the wave of anti government protests sweeping the country. super typhoon noru has hit the philippines and is set to sweep through the capital manila with winds of up to 175 kilometres an hour. hello and welcome to rome where in the last few minutes polls have closed in an election which many predict could be a political turning point for the country. polling suggests italy will choose its first female prime minister, giorgia meloni, and the first in the modern era to come from the far right. her brothers of italy party look set to top the vote, but are likely to be forced into coalition with other parties to form a government. in the next hour, we ll be trying to make sense of the rapidly shifting sands of italian politics with our correspondents and a range of experts. what s brought the nation ....

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