eleanor, kick us off, the headline is no more sticking plasters on energy, vows trust, so what is liz truss saying? truss saying? this is going to be the big question truss saying? this is going to be the big question of truss saying? this is going to be the big question of her - truss saying? this is going to be i the big question of her premiership going forward. energy bills are the number one concern of the public that he is effectively saying she will have a twofold approach, she wants there to be action on bills long term and also something that will help people at the moment but what she is really pushing is she does not want to be a sticking plaster as she puts it, a temporary solution, she has ruled out hand outs early in the contest and what she wants is a larger solution to the whole issue of energy prices. and benedicte, on that point, we have been calling all summer, every single journalist who speaks to a leadership candidate, for more detail and it has bee
if you are on a prepayment metre. this figure isn t the maximum you can be charged. and it s predicted that prices will rise even further next year. annual bills could exceed £5,000 from january 2023 and then more than £6,000 from april. worrying figures for many people but some felt the bbc was adding to that worry with the tone and extent of its reporting on what might happen but hasn t happened yet. stuart luck was one of them, writing: while i understand the need to cover rising energy bills, i am becoming very tired of the intensity of the coverage over the crisis. we all know we are in. tired of the intensity of the coverage over the crisis we all know we are in. it is frightening, very frightening and, at the moment, i feel that is all the bbc is achieving, frightening people. the coverage in my perception has reached an unhealthy balance. as we saw in that clip we played, the bbc has been reporting the future average cap on bills but some viewers think that s not th
we start with news that will have implications for europe s energy supply this winter. the russian energy giant gazprom says it has found a new problem in its key gas pipeline to europe, which had been due to reopen on saturday. gazprom says it s detected an oil leak in a turbine on the nord stream one pipeline, meaning it will remain closed for an indefinite period. the pipeline has already been completely shut for three days for what gazprom described as maintenance work. moscow denies weaponising energy supplies in retaliation for western sanctions. russia s move to keep the nordstream pipeline closed may or may not be linked to a decision by the g7 group of the world s leading democracies to put a cap on how much they pay for russian oil, in a bid to hit moscow s ability to finance the war in ukraine. the price of oil has risen sharply since the invasion, meaning its revenues have gone up even as some countries cut back on the amount of russian oil they import. the ca
of cheer on wall street: amazon shares soar as it racks up sales of $121 billion in the last three months. hello there. we start in the us, with fears of a recession in the world s biggest economy. in the world s biggest economy are rattling people. official figures out on thursday show it shrinking for the second quarter in a row. two quarters of negative growth are what many countries around the world would define as a recession. not so in the us, as we ll show you why in a minute. us gross domestic product declined at an annual rate ofjust under 1% between april and june. that comes after a steeper 1.6% decline in the first three months of the year. but that hasn t hit the labour market yet. us treasury secretary janet yellen said the economy is now at full employment with the unemployment ratejust 3.6%. meanwhile, prices for groceries, petrol and other basics are rising at the fastest pace since 1981. he s what president biden had to say. both chairman powell and many
we start with the soaring cost of living because there s a warning home energy bills here in the uk could rise even higher than previously feared this winter. wholesale gas prices have jumped back to near record highs after a further squeeze on europe s gas supplies by russia. our global trade correspondent dharshini david has the details. this is being claimed as the first truly global energy crisis, the result of moscow weaponising fossil fuels in europe has been the key target. this is the wholesale price paid for gas there. 4a8% higher than a year ago because traditionally it got to 40% of its gas from russia. that latest rise reflects a focus on this, this is nord stream one, the pipeline carrying bird of europe s russian gas supply all the way to germany, that flow has now dropped to just a fifth of normal levels, russia blames that on the impact of sanctions on vital equipment, opponents say it s an attempt to blackmail by turning down those taps. those concerns have a