Transcripts For BBCNEWS Newscast 20240924

Shifted onto the bigger economic picture into the Labour Policy and direction and i think there is a sense, definitely a sense of celebration here that this is the first conference for labour in power in 15 years in the first one with the Labour Party of Prime Minister and 14, definitely that sense, but i would also say the stuff of last week around the freebies, the briefings around to Sue Gray and some important policy things like the Winter Fuel Payment have made this a bit more wobbly and labour would have liked in terms of its first conference and offer its and youre getting a sense that the people i have talked to throughout the day. People i have talked to throughout the da. ~ people i have talked to throughout theda. People i have talked to throughout theda. ~. , the day. When i contrast it with one ear an, the day. When i contrast it with one year ago. The the day. When i contrast it with one year ago, the labour the day. When i contrast it with one year ago, the Labour Conference the day. When i contrast it with one year ago, the Labour Conference in | yearago, the Labour Conference in this exact yearago, the Labour Conference in this exact same venue and they will be here this exact same venue and they will be here it this exact same venue and they will be here it with plenty more years to come. ,. ,. , come. Have they done five for the irice of come. Have they done five for the price of four come. Have they done five for the price of four booking come. Have they done five for the price of four Booking Deal . Come. Have they done five for the price of four Booking Deal . It come. Have they done five for the price of four Booking Deal . It Mayj Price of four Booking Deal . It may have been more price of four Booking Deal . It may have been more for price of four Booking Deal . It may have been more for than price of four Booking Deal . It may l have been more for than that, think this is have been more for than that, think this is the have been more for than that, think this is the fourth in a row here. Anyway. This is the fourth in a row here. Anyway, last year, this conference was heaped with excitement and expectation, yes and awareness that at that expectation, yes and awareness that at that point they had not won anything at that point they had not won anything in terms of the general election. Anything in terms of the general election, but the hope that that was ust election, but the hope that that was just around election, but the hope that that was just around the corner. This year, i think just around the corner. This year, i think there just around the corner. This year, i think there is just around the corner. This year, i think there is the weight of government, the difficulty of Trade Offs and choices, you hear the Anger Trade offs and choices, you hear the anger for Trade Offs and choices, you hear the anger for some on the left, trade Unions Anger for some on the left, Trade Unions and anger for some on the left, Trade Unions and other who think they has been unions and other who think they has been some unions and other who think they has been some missteps around the Winter Fuel Payment. And been some missteps around the Winter Fuel Payment fuel payment. And then a Process Thini Fuel payment. And then a Process Thing where fuel payment. And then a Process Thing where there fuel payment. And then a Process Thing where there was fuel payment. And then a Process Thing where there was meant fuel payment. And then a Process Thing where there was meant to l fuel payment. And then a process| thing where there was meant to be vote among them today but has been shifted back. find Vote among them today but has been shifted back shifted back. And whatever will go aloni with shifted back. And whatever will go along with the shifted back. And whatever will go along with the government shifted back. And whatever will go along with the government will. Shifted back. And whatever will go l along with the government will carry on regardless. Other than the stuff around on regardless. Other than the stuff around freebies and Sue Gray, i was talking around freebies and Sue Gray, i was talking to around freebies and Sue Gray, i was talking to a around freebies and Sue Gray, i was talking to a Cabinet Minister earlier talking to a Cabinet Minister earlier who said, trying to give the best spin. Earlier who said, trying to give the best spin. I earlier who said, trying to give the best spin, i suppose, saying they were best spin, i suppose, saying they were reassured that what they thought were reassured that what they thought of as the fundamentals were sound~ thought of as the fundamentals were sound~ but thought of as the fundamentals were sound. But that they meant the Prime Minister sound. But that they meant the Prime Minister and the Chancellor get on. As always minister and the Chancellor get on. As always been the case of various governments of the past and that they thought that the government was basically they thought that the government was basically functioning. That the prime basically functioning. That the Prime Minister was onboard with what the major Prime Minister was onboard with what the major government are doing. There the major government are doing. There are the major government are doing. There are some arguing and you did this in there are some arguing and you did this in every there are some arguing and you did this in every government, privately that the this in every government, privately that the centre is a little bit sticky that the centre is a little bit sticky. Stuff goes into downing straight sticky. Stuff goes into downing straight for sign off and does not conre straight for sign off and does not conre out straight for sign off and does not come out quickly enough. You do get that all come out quickly enough. You do get that all the come out quickly enough. You do get that all the time though. Interesting reflection, but im think interesting reflection, but im think they will be glad to be part of it that think they will be glad to be part of it that stuff for now. 33150 think they will be glad to be part of it that stuff for now. Of it that stuff for now. Also the sense that of it that stuff for now. Also the sense that they of it that stuff for now. Also the sense that they realise of it that stuff for now. Also the sense that they realise things i of it that stuff for now. Also the L Sense that they realise things will be different now that they are in government, that may be a statement of the obvious but the delegates and activists who come year after year, they feel it is different and its reality setting in, not as if he didnt expect it and were not aware of what was coming, but the reality of what was coming, but the reality of it is here now and i feel like of what was coming, but the reality of it is here now and ifeel like it has hit them and has change the feeling and the tone of the whole thing. Feeling and the tone of the whole thini. Feeling and the tone of the whole thini ,. , feeling and the tone of the whole thini. ,. , , feeling and the tone of the whole thini. , ,. , thing. Yes because the binding agent of a desire to thing. Yes because the binding agent of a desire to win thing. Yes because the binding agent of a desire to win is thing. Yes because the binding agent of a desire to win is gone thing. Yes because the binding agent of a desire to win is gone because. Of a desire to win is gone because they have of a desire to win is gone because they have at one in out his arguments are policies and ideas and with that, arguments are policies and ideas and with that, Trade Offs and choices and with that, Trade Offs and choices and. If with that, Trade Offs and choices and. If we with that, Trade Offs and choices and, if we do x, can we do why. It and, if we do x, can we do why. Is difficult. And, if we do x, can we do why. It is difficult. But also a privilege if you are a government. Lets talk about the speech of a Rachel Reeves on lunchtime monday. Chris has a copy printed up for all. On lunchtime monday. Chris has a c0py printed up for all. The on lunchtime monday. Chris has a copy printed up for all. The old days these to sell them for money. It would make some funds in the future. I it would make some funds in the future. It would make some funds in the future. , ~ future. I remember when Ed Miliband and 20. What future. I remember when Ed Miliband and 20. What they future. I remember when Ed Miliband and 20. What they in future. I remember when Ed Miliband and 20. What they in the future. I remember when Ed Miliband and 20. What they in the year, and 20. What they in the year, what and 20. What they in the year, what month and 20. What they in the year, what month of the year was the 2015 election . What month of the year was the 2015 election . A, what month of the year was the 2015 election . N,. ,. Election . May. It was a standard election. Election . May. It was a standard election it election . May. It was a standard election. It was election . May. It was a standard election. It was a election . May. It was a standard election. It was a 2014 election . May. It was a standard election. It was a 2014 at election . May. It was a standard election. It was a 2014 at labour| election. It was a 2014 at Labour Conference election. It was a 2014 at Labour Conference i election. It was a 2014 at Labour Conference i think election. It was a 2014 at Labour Conference i think when election. It was a 2014 at Labour Conference i think when they election. It was a 2014 at labour| conference i think when they did a no Notes Conference i think when they did a no Notes Thing he managed to forget the deficit no Notes Thing he managed to forget the deficit. And then after Labour Students the deficit. And then after Labour Students would try to make money after flogging printed copies of the speech after flogging printed copies of the speech had flogged copies of the printed speech had flogged copies of the printed speech that he had not used. A genuine printed speech that he had not used. A genuine historical document. Do you remember whenjen read corbyn his first speech as Leader Right out the Stage Directions and he said strong message here and jeremy corbyn. With the speech of Rachel Reeves, i think there were two big constraints going into it, one she could not be too miserable because they decided they had been miserable enough for the past couple of months and they need to be more optimistic and they need to be more optimistic and second, they have a budget on the 30th Of October which is actually when she unveils all of her thinking and decisions so she was a little bit constrained and what she could announce today. Normally they like to announce big stuff in the speech is to make sure goes with a bang. I speech is to make sure goes with a barn. ~. Speech is to make sure goes with a barn. ~ ,. , bang. I felt like she was really walkini bang. I felt like she was really walking the bang. I felt like she was really walking the line bang. I felt like she was really walking the line between bang. I felt like she was really walking the line between maintaining the rhetoric we have heard before about i will be careful with your money, i will not play Fast And Loose with public money, you can trust labour with your money and also trying to sound more sunny. Not just because people want a bit of optimism but because there has been this train of thought which says, if you are to grooming, a dense consumer confidence. And potentially there a ripple. Sol consumer confidence. And potentially there a ripple. So i that she was trained to link straddling the two in leaning towards the more hopeful in the long term but effectively telling people why they are doing what they are doing. An attempt to clarify a bit more and be attempt to clarify a bit more and be a bit more straight with a narrative around economic pain and tough choices they like to call it. In choices they like to call it. In reali , choices they like to call it. In reality, a recognition of the reality reality, a recognition of the reality when you are a government, Words Reality when you are a government, words matter. When you use loads of words words matter. When you use loads of words added to a sentiment of gloom, then the words added to a sentiment of gloom, then the danger is, this is a concern then the danger is, this is a concern that senior focus had privately. Concern that senior focus had privately, that it becomes a self fulfilling prophecy and you talk the self fulfilling prophecy and you talk the economy down and talk it into a talk the economy down and talk it into a recession. So whilst they want into a recession. So whilst they want to into a recession. So whilst they want to maintain the idea that as they think want to maintain the idea that as they think it, theyre being honest about they think it, theyre being honest about difficult choices, they still went about difficult choices, they still went to, about difficult choices, they still went to, they accuse the previous government of celebrating every nricro government of celebrating every Nricro Win Government of celebrating every Micro Win and people are thinking, well life Micro Win and people are thinking, well life is Micro Win and people are thinking, well life is not great, they dont want well life is not great, they dont want to well life is not great, they dont want to be well life is not great, they dont want to be quite as gloomy and virtuous want to be quite as gloomy and virtuous of adjectives about the economy virtuous of adjectives about the economy. Whilst at the same time trying economy. Whilst at the same time trying to economy. Whilst at the same time trying to do the thing that you are saying. Trying to do the thing that you are saying, alex, of Rachel Reeves making saying, alex, of Rachel Reeves making the case that she is a careful making the case that she is a careful custodian of economy. The challenge careful custodian of economy. The challenge she will face in the next Couple Challenge she will face in the next couple of challenge she will face in the next couple of years is that that will ust couple of years is that that will just become a baseline, and expectation and actually, you have to build expectation and actually, you have to Build Stuff upon that that is seen to Build Stuff upon that that is seen as to Build Stuff upon that that is seen as a to Build Stuff upon that that is seen as a dividend, as a win, that is seen seen as a dividend, as a win, that is seenas seen as a dividend, as a win, that is seenasa seen as a dividend, as a win, that is seen as a thing beyond an absence of economic is seen as a thing beyond an absence of economic chaos. Of economic chaos. Assistance the conversation of economic chaos. Assistance the conversation i of economic chaos. Assistance the conversation i had of economic chaos. Assistance the conversation i had with of economic chaos. Assistance the conversation i had with Rachel Conversation i had with Rachel Reeves. Her morning with like this doing loads of interviews. 16. Shes Ve Iood Doing loads of interviews. 16. Shes very good at doing loads of interviews. 16. Shes very good at sticking doing loads of interviews. 16. Shes very good at sticking to doing loads of interviews. 16. Shes very good at sticking to a doing loads of interviews. 16. Shes very good at sticking to a script very good at sticking to a script so ithink very good at sticking to a script so i think she very good at sticking to a script so i think she will not have deviated 16 tinres i think she will not have deviated 16 times. She did the speech got interrupted by a couple of times by hecklers. Interrupted by a couple of times by hecklers, one of whom was ushered out quite hecklers, one of whom was ushered out quite dramatically by security, then she out quite dramatically by security, then she went off and had a Leftover Sandwich then she went off and had a Leftover Sandwich for Lunch Wright and in the middle of all that she came and sat and chatted with me here is what our conversation was like. Chancellor, hello. Great to be with you. Chancellor, hello. Great to be with ou. ,. , Chancellor, hello. Great to be with ou. ,. , you. The thing about Labour Conferences you. The thing about Labour Conferences is you. The thing about Labour Conferences is that you. The thing about Labour Conferences is that they you. The thing about Labour Conferences is that they are you. The thing about Labour Conferences is that they are very loud. ,. Conferences is that they are very loud. ,. ,. ,. , loud. This year is louder than ever. That is what loud. This year is louder than ever. That is what is loud. This year is louder than ever. That is what is being loud. This year is louder than ever. That is what is being in loud. This year is louder than ever. | that is what is being in government does. Ive been coming to these conferences since the late 19905 when tony Blair And Gordon brown were in power and for the last 14 years, ive been coming long whilst ive been in opposition and the at the atmosphere this year is electric. ,. , the atmosphere this year is electric. ,. , , the atmosphere this year is electric. , , electric. There was a big bit being the first female electric. There was a big bit being the first female Chancellor electric. There was a big bit being the first female Chancellor in electric. There was a big bit beingj the first female Chancellor in 800 years, im wondering last night, did you sleep well were you nervous come what was like . What was like . Those lines a lot to me and i know what was like . Those lines a lot to me and i know they what was like . Those lines a lot to me and i know they mean a what was like . Those lines a lot to me and i know they mean a lot what was like . Those lines a lot to me and i know they mean a lot to l me and i know they mean a lot to a lot of women. After i gave a speech and i was walking back to the Exhibition Area where we are now, so many women stopped me and said, im going to show that speech to my daughter work my granddaughter, show them that they can achieve anything they want to achieve. I think that line where i said, for our daughters and granddaughters there should be no ceiling on their addition, i think that is something that still resonates with so many women and a lot of women said, when eyes started my career, i was one woman, when i started my career i was the first woman to her trousers in the office, i know it sounds like a small things, she said in the office, i know it sounds like a small things, she said and things have changed so much and seeing you become a Chancellor shows that journey continues. Taste Chancellor shows that Chancellor'>Ourney Continefi Chancellor shows that ourney continues Chancellor shows that ourney continues. ,. , continues. We talk about being the first female continues. We talk about being the first female Chancellor continues. We talk about being the first female Chancellor of continues. We talk about being the first female Chancellor of course i first female Chancellor of course the follow up to that is you fancy being the first labour Prime Minister when Day Queen a job ive always wanted to do is Chancellor of The Exchequer. Always wanted to do is Chancellor of The Exchequer The Exchequer. When i was at university The Exchequer. When i was at University One The Exchequer. When i was at University One of The Exchequer. When i was at University One of my The Exchequer. When i was at University One of my good The Exchequer. When i was at University One of my good friends helen got me a picture for my birthday of Gordon Brown in a frame and put it on my mantelpiece and my student halls of residence. So ever since kolb this is my dream job. Ive worked in economics and finance for becoming a Member Of Parliament so for me This Is My Dream Come True to be able to stand here as the first Chancellor'>Labour Chancellor in 14 years and the first ever theme of tensor of The Exchequer. If and the first ever theme of tensor of The Exchequer. Of The Exchequer. If you have a iicture of The Exchequer. If you have a picture of of The Exchequer. If you have a picture of rachel of The Exchequer. If you have a picture of Rachel Reeves of The Exchequer. If you have a picture of Rachel Reeves on of The Exchequer. If you have a i picture of Rachel Reeves on your mantelpiece, do let us know, we will let you know if anyone gets in touch. We will talk about the content of the speech lots, but in terms of the delivery, you had a few protesters and hecklers, what goes through your mind when you see a guy standing up trying to have a go at you . Standing up trying to Have A Go At Ou . ,. , standing up trying to Have A Go At Ou . ,. , standing up trying to Have A Go At Ou . ,. ,. , standing up trying to Have A Go At Ou . ,. ,. , you . Obviously the flashback to last ear you . Obviously the flashback to last Year Conference you . Obviously the flashback to last Year Conference when you . Obviously the flashback to last Year Conference when someone you . Obviously the flashback to last Year Conference when someone got| you . Obviously the flashback to last i Year Conference when someone got on the stage and glitter bonds keir starmer, the making of his speech, he took his jacket off and rolled his sleeves up. We planned for these moments, they are big moments for us. I put my heart into it. Of course you dont want it interrupted by a protester, but Labour Conference, as a whole came together and got to its feet to drown out the noise of the protesters in the staff here at our conference did a really good job of getting them out of the hall. Because that is not the moment for that sort of protest. Im always willing to listen to people who dont agree with me on something, but this is a moment, at our conference to get across a positive message and i did not want to be interrupted. 50 message and i did not want to be interrupted message and i did not want to be interrupted. So protesters should not do that interrupted. So protesters should not do that you interrupted. So protesters should not do that you monday interrupted. So protesters should not do that you monday have interrupted. So protesters should not do that you monday have the | interrupted. So protesters should l not do that you monday have the to free speech, protest, its not that way . I free speech, protest, its not that wa . , � ~ free speech, protest, its not that wa . , way . I dont think so and thats not appropriate way . I dont think so and thats not appropriate and way . I dont think so and thats not appropriate and you way . I dont think so and thats not appropriate and you saw way . I dont think so and thats not appropriate and you saw the way . I dont think so and thats not appropriate and you saw the mood | way . I dont think so and thats not. Appropriate and you saw the Mood And Conference is very much against it. They wouldnt year for the first Chancellor'>Labour Chancellor in 14 years, this is an exciting moment for our conference. They want to celebrate, of course it will be difficult decisions, they are not always going to agree, but that is what the debate is for, a conference. Well hear the debate on conference work, not everyone will agree with Each Other and nor should they. But that does the way to make the review known in a Democratic Party which is what the Labour Party is, not through that sort of protest. The other thing through that sort of protest. The other thing that happened during your speech was the royal College Of Nursing singular members had voted to reject the Pay Increase. When did you hear about that, did you know before you went on stage . H0 you hear about that, did you know before you went on stage . Haj before you went on stage . No i didnt. I before you went on stage . No i didnt i do before you went on stage . In . I didnt. I do understand why nurses, after 14 years of pay not keeping up with the rising Cost Of Living that they feel that their finances are still very stretched. I hope they also see that in a difficult economic situation, a difficult fiscal position, i accept the recommendations of the independent Pay Review bodies to give the first meaningful real terms Pay Increase to nurses and other public sector workers in 14 years and was proud to make that choice, not an easy choice given difficult economic circumstances, but i thought it was the right thing to do to accept those recommendations and i know that wes streeting, our Health Secretary wants to work with our nurses to ensure that they are properly respected and treated well. I think it was a good offer that we put to them, and i hope we can work through this. Put to them, and i hope we can work through this through this. Does this not show the danier through this. Does this not show the Dan I Er is if through this. Does this not show the danger is if you through this. Does this not show the danger is if you give through this. Does this not show the danger is if you give junior through this. Does this not show the danger is if you give Junior Doctors i danger is if you giveJunior Doctors a much higher Pay Increase the nurses then nurses are going to be really angry . Brute nurses then nurses are going to be really angry . Nurses then nurses are going to be really angry . We wanted to bring an end to the industrial really angry . We wanted to bring an end to the Industrial Action really angry . We wanted to bring an end to the Industrial Action which i end to the Industrial Action which cost patients dearly with so many cancelled appointments and operations, but also cost our economy dearly. Had a big impact on our public finances. The cost of Industrial Action last year alone in the Nhs Cost is £1. 8 billion. We needed to bring to an end that Industrial Action give people the treatment in the nhs they need and deserve. I dont think the nurses and doctors begrudge Each Other getting a pay rise, we accept the independent Pay Body Review Recommendations Notjust for the nhs but also for our teachers, armed forces, police, Prison Officers and many more because i felt it was the right thing to do to bring in ants that Industrial Action, to help with Recruitment And Retention problems and to ensure children get a good education, patients get a decent service international health service. �. , service international health service. , ,. Service international health service. ,. , service. Another Conference Process thin i. Service. Another Conference Process thini. Was service. Another conference Process Thing. Was there service. Another conference Process Thing. Was there meant service. Another conference Process Thing. Was there meant to service. Another conference Process Thing. Was there meant to be i service. Another conference Process Thing. Was there meant to be a i service. Another Conference Processj thing. Was there meant to be a Vote Today on a motion that included some criticism about means testing the Winter Fuel Payment and that debate has now been shunted back to school wednesday, so a big distance away from your speech . Is that you shutting down debate about that . No, im not involved in those decisions is the Conference Arrangement elected by members of the party to choose that committee, but this is a Democratic Party. Members want a put on something they will be able to have a vote on it and it will come at some point this week. I i think you heard in Conference Today that maine be not everyone agrees with every decision i make but there was respect that for the first time a long time there is a government being honest about the skill of the and public finances and all the people might not agree with every decision i make, they recognise and try to do the right thing in the very difficult circumstances. ~. ,. , circumstances. Whenever that that ha i iens, circumstances. Whenever that that happens, conferences, circumstances. Whenever that that happens, conferences, were i circumstances. Whenever that that happens, conferences, were not. Circumstances. Whenever that that i happens, conferences, were not happy with Winter Fuel Payment being means tested, do you just ignore them . {30 tested, do you just ignore them . er ahead . Lets see what happens it with the vote when it comes, the parliament has already voted, they voted a few weeks ago to means test the Winter Fuel Payments of the poorest pensioners, those on Pension Credit will continue to get it and of course be of re committed to the trip a Lot Notjust for one year both for the duration of this parliament. The Triple Lock means pensioners are £900 more than they were at one year ago, i will announce in the budget that the new State Pension will rise by £460 again next year and over the duration of this parliament, the new State Page and is it likely to rise by £1700 so we are protecting the income of pensioners, but in difficult circumstances we have inherited, we have chosen to restrict Winter Fuel Payment for those pensioners most in need. Those are thin i s i those pensioners most in need. Those are things i could those pensioners most in need. Those are things i could ask those pensioners most in need. Those are things i could ask about those pensioners most in need. Those are things i could ask about the i are things i could ask about the speech and i will vital through as many as the time we have got. Working for the Roll Out of the three Breakfast Clubs in england, you said there would be hundreds of schools from next april, as at 200 or 900 . Brute schools from next april, as at 200 or 900 . ~. , ~ schools from next april, as at 200 or 900 . , 4 ,. , schools from next april, as at 200 or900 . ~. ,. ,. ,. , or 900 . We will work with schools to see which ones or 900 . We will work with schools to see which ones have or 900 . We will work with schools to see which ones have capacity or 900 . We will work with schools to see which ones have capacity and i see which ones have Capacity And Desire to bring those forward. We also think it will help with the national Roll Out from next september to allow some schools to go first and to trial it and make sure that it works really well and making sure that every good child gets a good start to the day. It will be part of our strategy to reduce Child Poverty and also boost to our economy. We want to get economic inactivity down. We want more people to be working be working and working they want. Three Breakfast Club at primary schools gives parents and particularly mums because its so mum said to the majority of Child Care in our country will enable them to work a little bit more have more money in their pockets to support themselves and their families. Their pockets to support themselves and theirfamilies. I was really pleased to work with phillipson to bring for the Roll Out of those Breakfast Clubs. Bring for the rollout of those Breakfast Clubs. Breakfast clubs. You told the workini Breakfast Clubs. You told the Working Class Breakfast Clubs. You told the Working Class kids Breakfast Clubs. You told the Working Class kids having i Breakfast Clubs. You told the i Working Class kids having returned lives, with seeming . This Working Class kids having returned lives, with seeming . Lives, with seeming . This is something lives, with seeming . This is something im lives, with seeming . This is something im absolutely i lives, with seeming . This is something im absolutely passionate about. My Mum And Dad were primary school teachers, i went to my local comprehensive during the 805 and 905 and it was a time when there were cuts in education. My mum is a special needs teacher, but special Needs Funding was cut and then she became a Classroom Teacher and meaning people getting support from people like my mum no longer did and ive seen today after 14 years of conservative government things like music in schools, drama and schools, sports and schools, all cut to the bone, kids who will have more privileged backgrounds who parents can afford the tuitions and classes and after School Spoke of the opportunities, but Working Class kids dont and it makes it so angry that kids are being denied those opportunities so thats what i mean. About kids being able to realise their potential, the joy of learning a sport, learning a musical insurer is should not be preserved for better off kids from better off families, i want all kids to be able to achieve their potential, realise their dreams. I had a line in my speech about kitchen ill succeeding against the odds, bob should not be as fact against Working Class kids, thats what i mean by expanding opportunity and ensuring that i know my time in the office has been a success if there are more kids more ordinary Working Class back on his being able to live those which are more fulfilled lives and able to thrive. ,. , more fulfilled lives and able to thrive. ,. ,. ,. , thrive. There also a line in your sieech thrive. There also a line in your speech and thrive. There also a line in your speech and i thrive. There also a line in your speech and i had thrive. There also a line in your speech and i had to thrive. There also a line in your speech and i had to open i thrive. There also a line in your speech and i had to open on i thrive. There also a line in your| speech and i had to open on my laptop, about getting the treasury to change how it values public investments. Notjust looking at the cost. Tell me about what you are getting out there and thanks sounds technical, please dont make itself. Im sure you manage it. Under the previous government, different schools did not differentiate on spending on day to day things what. Those are wages or at the day to day costs of running, they did not differentiate the cost between that and Capital Spending which is a long Term Return for our country, as a result when there were difficult decisions to be made, the previous government always cut Capital Spending which meant it was harder to grow our economy because we were not investing in the infrastructure, new technologies, new Investment Opportunities. So the fiscal rules that i have committed us to in our manifesto were sow and the budget does differentiate between the two. We will make difficult decisions to balance the Today Spending with Tax Receipts, we will get that down as a share of our Gdp But Subject to that, we will free up that space for investment in capital. The point that i am making is about the Treasury And Government looking at the value of investment should not just the cost of it. Actually the cost of inaction, the cost of missing out on those Investment Opportunities is missed economic growth, missedjobs, missed Wealth Creation in britain. Our number one mission, the Labour Government Number one mission is to grow our economy. The way to do so is through investment, public and private working to give it to unlock massive opportunities. To working to give it to unlock massive opportunities opportunities. To be clear, your second fiscal opportunities. To be clear, your second fiscal rule opportunities. To be clear, your second fiscal rule in opportunities. To be clear, your second fiscal rule in the opportunities. To be clear, your| second fiscal rule in the budget, will it still be in debt as a share of gdp decreasing at the end of five years using the same measure of debt as we use now in the same five years that we have been talking about for the last few years . Brute that we have been talking about for the last few years . The last few years . We will set up the details the last few years . We will set up the details out the last few years . We will set up the details out the the last few years . We will set up the details out the budget the last few years . We will set up the details out the budget but i the last few years . We will set up the details out the budget but in i the details out the budget but in our manifesto we committed to Balance Day to Day Spending with Tax Receipts and get that down as a share of gdp within a five year period. We will not renege on our manifesto commitments. We are clear and i said in my speech,. You manifesto commitments. We are clear and i said in my speech,. And i said in my speech,. You see how that doesnt and i said in my speech,. You see how that doesnt leave and i said in my speech,. You see how that doesnt leave you and i said in my speech,. You see how that doesnt leave you any i and i said in my speech,. You see. How that doesnt leave you any room to do things differently . Brute how that doesnt leave you any room to do things differently . To do things differently . We will set out our to do things differently . We will set out our precise to do things differently . We will set out our precise details, i to do things differently . We will set out our precise details, ourl set out our precise details, our rules are already different in the day to Day Spending and Capital Investment are treated different. That does not matter if you saw second fiscal rule about that pollen come by but the big constraint after the five years. It come by but the big constraint after the five years the five years. It shows how important the five years. It shows how important it the five years. It shows how important it is the five years. It shows how important it is to the five years. It shows how important it is to get the five years. It shows how important it is to get a i the five years. It shows how important it is to get a grip| the five years. It shows how i important it is to get a grip on the day to Day Spending has less to do that you will not be able to free up investment. Im not going to make their short term decisions that the previous conservative government did which was always to cut Capital Spending to make the sums added up. If you do that, you will find the next budget and the next spending review, the Trade Offs are even harder than they were before. We will properly incentivise that investment in infrastructure and also leveraging in private investment. Thats what we have created a national Wealth Front. The work done in opposition on how to structure of the national Wealth Front to leverage it £3 of private investment for every pound public investment for every pound public investment putting in. That is about getting good returns for Taxpayers Money by bringing in that private investment as well. Whether its industries like Carbon Capture and storage, green hydrogen from offshore wind, traits are electric for dia vehicles, there is a lot of money to be invested in, all of those Jobs Money to be invested in, all of thosejobs come to money to be invested in, all of those jobs come to britain and added to our plans with national wealth, pension reform, im confident we can get that investment in those jobs here in the uk. Obs, get that investment in those obs here in the uki here in the uk. A diffuse speculation here in the uk. A diffuse speculation beds. Here in the uk. A diffuse speculation beds. I here in the uk. A diffuse speculation beds. I thinkj here in the uk. A diffuse I Speculation beds. I think about getting rid of the single Persons Discount for Council Tax . Im getting rid of the single Persons Discount for Council Tax . Im not ioiin to discount for Council Tax . Im not going to get discount for Council Tax . Im not going to get into discount for Council Tax . Im not going to get into speculation i discount for Council Tax . Im not going to get into speculation for| going to get into speculation for individual measures in the budget, but i was really clear in the manifesto, i recognise that working people have face for too long to deteriorating living standards because every time there were taxes to be raised, considered as pile those taxes on working people. I dont want to be that sort of government. It dont want to be that sort of government dont want to be that sort of government. Dont want to be that sort of iovernment. ,. ,. ,. , government. It sounds like you want to do that. The government. It sounds like you want to do that. The freeze government. It sounds like you want to do that. The freeze on government. It sounds like you want to do that. The freeze on the to do that. The freeze on the Income Tax thresholds, that runs out, or stops in four years time. You are going to be working on a five Year Budgeting Rise which extended by another year . The Budgeting Rise which extended by another year . Another year . The point of the Bud I Et is another year . The point of the budget is that another year . The point of the budget is that you another year . The point of the budget is that you cant another year . The point of the I Budget is that you cant consider all of these things in the round. Some of it will be based on the latest forecast of economic activity, Household Incomes and also the public finances. You know that we face a situation where there is a £22 Black Hole in the public finances so there are civil decisions to come on Tax And Welfare and spending. As a set on the conference speech today, we can get a grip of the public finances, Return Stability to our economy and combine that with the reform that we are making to unlock private investment in our economy im confident that the prize at the end of that is economic growth for and with the economic growth comes more money in the pulpits of writing people, betterjobs and all of our communities and money for our public services without increasing taxes because the Tax Receipts come in from a growing economy. The great thini about from a growing economy. The great thing about conferences from a growing economy. The great thing about conferences the from a growing economy. The great thing about conferences the people | thing about conferences the people you bump into. I was walking past an hour ago and i saw and he served as the actor who played gollum in Lord Of The Rings and he said he was lobbying for a Tax Credit for visual Effects Thatjeremy Hunt was going to extend, but they did not have time to do, ask Rachel Reeves that shes going to help the visual effects industry. Shes going to help the visual effects industry. Gollum wants to know. I effects industry. Gollum wants to know i look effects industry. Gollum wants to know. I look forward effects industry. Gollum wants to know. I look forward to effects industry. Gollum wants to know. I look forward to Meeting L effects industry. Gollum wants to i know. I look forward to meeting many other of our delegates our delegates and businesses here at conference. The Array Conferences is a great opportunity to meet old friends. Ive been its Labour Party conference 1997 and of course that was the first conference only had a Labour Government after 18 years and i remember after being in that Hall Listening to Tony Blair and Golden Brown as tenants learn to be here today as the first Chancellor'>Labour Chancellor in 14 years in the first few options of The Exchequer, sometimes up to picture myself to know that it is real. It is an amazing opportunity, a real privilege for me and i intend to repave the trust people put in me. ,. , to repave the trust people put in me. ,. , ,. , to repave the trust people put in me. ,. , me. Presumably you can have some big drinks and go me. Presumably you can have some big drinks and go to me. Presumably you can have some big drinks and go to parties. Me. Presumably you can have some big drinks and go to parties. Do me. Presumably you can have some big drinks and go to parties. Do you do i drinks and go to parties. Do you do that anyway . You drinks and go to parties. Do you do that anyway . That anyway . You obviously dont know me very that anyway . You obviously dont know me very well. That anyway . You obviously dont know me very well. Todays i that anyway . You obviously dont i know me very well. Todays Business Day a conference so i will be spending time with some of the Business Representatives and businesses big and small with that message loud and clear from the government by brain is open for business we want business and Wealth Creation here in the uk and thejobs and prosperity in comes along with that. Thank you. Thats all for this episode. We recorded some extra material which can hear in the Podcast Edition available on the missing sounds. Ichute Podcast Edition available on the missing sounds. Podcast edition available on the missing sounds. Podcast edition available on the missini sounds. ,. Missing sounds. We will be back with another one missing sounds. We will be back with another one from missing sounds. We will be back with another one from here missing sounds. We will be back with another one from here very missing sounds. We will be back with another one from here very soon. I hello. Heavy rain over the past 48 hours has led to some significant and fairly widespread flooding, particularly across some central and southern parts of england. Heres the radar, which shows where the rain has been falling over recent hours. Weve had a Hook Of Rain Across Northern England and wales thats been quite patchy, but this zone of wet weather has been particularly persistent across Central Southern Parts of england. So theres still an Amber Warning in force until 9pm this evening for that Heavy Rain likely to lead to a bit more disruption. But the rainfall will start to ease away as we head through the last part of this evening and overnight, too. So theres the low pressure that brought us all that slow moving rainfall, which is going to be clearing away out into the North Sea as we move through tonight. Still another few hours of rain across parts of central and Southern England. Weve also got some wet weather moving in across the North And North east of scotland as well, Turning Breezier here. Most other places staying largely dry overnight. Just a bit of Drizzly Rain Lingering in the east, i think. Temperatures staying between about 8 14 in our towns and cities, so were not looking at any frost overnight tonight. So tuesday, then, a much improved day compared to the past couple of days. Still a few showers around across parts of england, wales and northern ireland. And for scotland, weve got some Rain Thatll sit across the north and the east. Quite breezy here, too. Some sunshine for the South West of scotland. Top temperatures between about 10 18 degrees north to south, but at least we will have lost the heavy, persistent rain. Although the flooding across parts of central and Southern England will take a few days to recede. A window of dry weather as we move through into the middle of the week. So low pressure out towards the east and down towards the South West, that will throw the next batch of wet weather in from the South West later on wednesday. I think most areas start off on a dry note, could be some early fog patches around. Later in the day, that rain arrives across parts of Southern England and wales, too. But before it gets there, sunny spells not particularly warm 10 16 for most of us. Slightly milder air down towards the Channel Islands and the far southwest behind that area of rain. But that rain pushes its way north overnight Wednesday Night and on into thursday, so it could be quite persistent again on thursday and falling on areas where weve seen a lot of rainfall recently, so some saturated ground could be a few more flooding issues as we look towards the end of the week. So thursday, a pretty wet, blustery sort of day again, not particularly warm, 11 17 degrees. And then towards the end of the week, so friday and into saturday, it looks like things turn a little bit quieter and drier, but also cooler, too. Hello, im christian fraser. This is the context. I have a message for the people of lebanon. Israels war is not with you. Its with hezbollah. For too long, hezbollah has been using you as human shields. This evening, israel was striking targets in the Bekaa Valley in the east. The idf is saying it has destroyed in one day what has taken hezbollah 20 years to build. This is the dilemma that israel faces, that even as it ups the ante against hezbollah, it is encouraging or it is inciting, if you like, hezbollah to attack| further into israel. And so far, no sign of those attacks diminishing. If anything, they are increasing. Netanyahus not an easy character at all, and hes not likely to do anything unless a cost is inflicted on him that the country can no longer fathom. The united states is sending more troops to the middle east