interest payments some of which are linked to inflation. let s get this in perspective though the uk s national debt is at record levels. it owes £2.69 trillion. that is almost the size of the uk economy the so called debt to gdp ratio is around 97.7%. that is a useful guide to how affordable the debt is for a country. the chancellor has pledged to get that ratio down. the uk s far better off than some of its neighbours though italy s debt to gdp is around 140%. but if we look at germany s that s is only around 65%. but if we look at germany s that s only around 65%. staying in the uk where aside from talk of potential tax cuts there are stark warnings that 2 million people could have their gas and electricity cut off this winter because they can t afford to top up their prepayment meter. that comes from the charity the citizens advice bureau as cost of living pressure continue to bite for many. joining me now is the report author alex belsham harris en
gunfire. the iranian authorities say four inmates dead after a fire at a prison in the capital tehran is now under control as protests continue. more than a thousand paddington bears and other teddies left by the public in memory of the late queen elizabeth are to be sent to charity. good afternoon. welcome if you have justjoined us whether you are watching in the uk or around the world. we begin with the political and economical situation facing the uk. the uk s new chancellor, jeremy hunt, will hold talks with the prime minister liz truss later, as the government fights to restore economic credibility. speaking to the bbc, mr hunt warned some taxes will increase and all government departments will be expected to find additional savings. posting online today, the prime minister has said she s going to do things differently in her quest for economic growth promising she will always act in the national interest . let s talk more about this to our political corresponde
and i very strongly believe that. it sounds, chancellor, like you are preparing the country for a period of real hardship when mortgages are going to go up, rents are going to go up and public services are going to be stretched and squeezed again. i mean, this is a return to austerity, isn t it? well, i was in the cabinet in 2010 when we had that first period of austerity. i don t think we are going to have anything like that this time. these meetings this afternoon at chequers. very strong impression this week and that really the person that will be leading the discussion isn t the prime minister, it will be the chancellor. the chancellor. that is right. he has completely the chancellor. that is right. he has completely shredded - the chancellor. that is right. he| has completely shredded already the chancellor. that is right. he - has completely shredded already that don t make everything liz truss stood on. the tax cutting agenda is gone. both he and the prime minister
The Tory backbenchers are said to be weighing up the prospect of changing the party leader again. As British PM Liz Truss faces fury from lawmakers, Tories are reportedly plotting to replace her with British Indian former Chancellor Rishi Sunak.
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