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no change in two of the big offices of state — jeremy hunt stays at the treasury, and james cleverly remains foreign secretary. suella braverman returns as home secretary — less than a week after she resigned — and dominic raab is deputy prime minister. the dilemmas of government are instant, who to hire and who to fire as british in an attempt to assemble as british in an attempt to assemble a team that can last that his party will support. it comes as new figures show the task ...

after he was sacked by boris johnson. the dilemmas of government are instant. who to hire and who to fire as rishi sunak attempts to build a team that can last that his party can support. well have the latest on the new cabinet, and on the immediate challenges for mr sunak — he says the uk is facing a �*profound economic crisis�*. as the cost of living crisis affects more and more people, with budget food prices rocketing to new levels, voters are very concerned. you can see it o...

you will see it like never before. tonight with the context, the former mayor of baltimore, stephanie rawlings—blake, and the former uk ambassador to paris and national security advisor, lord peter ricketts. hello, welcome to the programme. its hard to overstate how poorly the british governments "fiscal event" on friday has been received by financial markets. nothing in recent history compares with the price moves we have seen since. not brexit, not covid, 9/11 — not even the uks ...

reported, get this, a stunning 52% drop in first quarter profits, that was just a day after shares in the nations largest retailer walmart had their worst day in 35 years. what is going on here? they have their fingers on the pulse of the american consumer and they say inflation was the problem, their customers are sticking to the basics when they come in, leaving with fewer items in their shopping carts. those purchasing decisions being driven by sticker shock of course. basics are ge...

Ha--ens chancellor really have? wissa what ha ens in chancellor really have? wissa what happens in september _ chancellor really have? wissa what happens in september when - chancellor really have? wissa what happens in september when you i chancellor really have? wissa what i happens in september when you dont do these things. yesterday we heard from the governor that in terms of the markets where the government borrows, they are now pretty much back to normal and that any increase uri are payi...

Default. the impact, not clear that there will be much. they already are shut out of international borrowing markets. but it would be symbolic and add to the already mounting cost of sanctions and those are costs that janet yellen also laid out. take a listen. >> the sanctions imposed against the russian federation have already had enormous impact. russias experiencing recession, high inflation, acute challenges in their financial system, and an inability to procure the material and products the...

Credit agency standard & poors. joining me is christine romans. this is a pretty glaring headline. >> it is. they are calling this selective default. it is paying its bills in raoubls. investors who are paid rubles have having trouble converting them. it is the unplugging of russia from the global system because of vladimir putin as the west tries to starve his "war machine" of the money it needs. s&p says we think sanctions are likely to be further increased in the coming weeks, hampering russi...