it is bbc news. the headlines. as the prime minister fights for her political life, the new chancellor admits mistakes were made in rolling out the new economic policy and that some taxes will rise. we out the new economic policy and that some taxes will rise. some taxes will rise. we are going to take some some taxes will rise. we are going to take some tough some taxes will rise. we are going to take some tough decisions, - some taxes will rise. we are going to take some tough decisions, not| to take some tough decisions, not just on spending but also on tax because we have to show the world that we have a plan that adds up financially and that is the way that we will get stability back in the situation. but there is more bad news for the government, the bank of england says interest rates may have to go up higher than predicted. we interest rates may have to go up higher than predicted. interest rates may have to go up higher than predicted. we will not hesitate to r
but britain s ethan hayter has a good chance of successfully defending his title in the men s omnium cycling s answer to the pentathlon, but with four different events. he s just finished second in the third of them, the elimination race, behind benjamin thomas of france. that puts hayter at the top of the overall standings going into the final event, the points race tonight. you can watch the action live on the bbc. right now it s on the red button, iplayer and bbc sport website josie knight will soon be racing off for bronze in the women s individual pursuit, against mieke kroger of germany, and you can watch ethan hayter going for gold in the omnium after the action switches to bbc three, from seven o clock. there was a surprise in the champions stakes at ascot europe s top rated horse, baaeed, was beaten in his final race before retiring. he was fourth behind the 10 1 shot bay bridge with half a furlong to go, and that s how it stayed. baaeed had been compared