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are you a first time buyer, have recently taken on a mortgage or are looking to move how is this impacting you? do get in touch on twitter @annitabbc or use the hashtag #bbcyourquestions. cuba is completely without power after hurricane ian has struck the western end of the island. two people are reported dead. florida now braces itself for the category three hurricane with life threatening winds, floods and tidal surges. leaders of several european countries claim that rare gas leaks that have hit the nordstream pipelines were not accidents but deliberate acts . gas flows in the nordstream 1 pipeline were stopped in august. the president of ukraine has pledged to protect citizens in areas of his country which could be annexed by moscow after the kremlin held unofficial referendums. hello and welcome if you re watching in the uk or around the world. watching in the uk the international monetary fund which works to promote stability in the global economy has cri ....
The imf said that the government s fiscal plan in late november would give it an opportunity to re evaluate tax measures especially those which benefit high income earners. the uk government proposals would scrap the top rate of income tax and end a cap on bankers bonuses, among other measures. the announcement on friday sparked financial turmoil, as investors dumped the pound. on monday the pound fell to record lows against the dollar. some of the country s biggest lenders have suspended mortgage deals amid the uncertainty. the treasury said: we are focused on growing the economy to raise living standards for everyone. adnan mazarei is a former deputy director at the imf. here s his reaction on the today programme. the imf doesn t make such strong statements about g7 countries. these statements are common with regard to emerging market countries with problematic policies, ....
Issues, crises that fluctuations in the market but that is not this case. this is a situation where the government has self inflicted harm on our economy and people looking at mortgages and prices this morning will be worried sick, i think. i would not be surprised if they are not a little bit angry that the government has lost control of the economy, a self inflicted wound, and they are now picking up the bill. now, there is a big political argument going on here because what keir starmer i5 argument going on here because what keir starmer is seeking to do is to notjust reduce but absolutely demolished the conservatives reputation for fiscal responsibility, for being the party mo5t responsibility, for being the party most trusted with the economy. so he really wants to hammer this message home that this isn t 5imply really wants to hammer this message home that this isn t simply a reaction to what is happening in global markets, but this is a result of government s policies, in par ....
Recorded history against the us dollar come augu5t recorded history against the us dollar come august to the level of parity, ie one pound equals $1 but that was in thin trading on monday morning in the asian se55ion that was in thin trading on monday morning in the asian session and it then rebounded and has edged back a bit this morning but we are still around $1.06 to the pound, so roughly where we were at the end of last week, 5till marking a broader downturn for the pound against the dollar. if you look at borrowing costs in the uk tho5e dollar. if you look at borrowing costs in the uk those have risen and that s the most obvious worry and concern, not only are you having to borrow more because of the tax cuts but it will cost more for that borrowing and putting the uk government in a double bind. i think it is really the fact that while the pound might be quite calm at the moment it is the borrowing levels people are concerned about, the cost of the borrowing putting further pre5 ....
Dollar too. currencies are also down against the dollartoo. he currencies are also down against the dollar too. he is effectively saying that the extra damage inflicted i5 that the extra damage inflicted is entirely the responsibility of the government. i was struck in his interview by the fact that he is sticking to his gun5 interview by the fact that he is sticking to his guns and saying he would try and help with the cost of living for the next six months and also help reorientate the economy by 2030, with more greenjobs, more jobs around the uk that a high skilled and highly paid. but equally, he didn t really say what he would do right now, whether it is the government who is to blame for this, or whether it is global factors, or whether in truth it is probably a mixture of both, we still didn t hear a short term plan from keir starmer to deal with those mortgage product5 keir starmer to deal with those mortgage products being withdrawn, intere5t mortgage products being withdrawn, ....