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BBCNEWS BBC News July 7, 2024

of southern california. thanks forjoining us. britain has a new prime minister. liz truss delivered her first address in the role outside number 10 downing street, promising a bold plan to see the uk through its economic troubles. she said the country could ride out the storm caused by severe global headwinds. that storm includes soaring prices, an energy crisis and widespread labour unrest. and she takes over a divided and increasingly unpopular party following the resignation of borisjohnson after a series of scandals. this report from our political editor chris mason in downing street. a day of ritual and weather. a cloudburst puncturing the choreography of the new prime minister s arrival, her supporters hunkered under umbrellas, the lectern wearing a bin liner. it was even taken back inside. her motorcade playing for time with a detour and then a break in the deluge. the damp stage reset. within moments, a first glimpse of the new era. good afternoon. i have just a ....

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BBCNEWS World Business Report July 7, 2024

suffer the most. also coming up: called to account. hundreds of uk post office managers were falsely accused of fraud because of faulty software. we look at role of the tech giant fujitsu in a massive miscarriage ofjustice. and the rugby league world cup kicks off today after a covid delay with the biggest sponsorship deal in the tournament s history. absolutely, 100%, iam not going anywhere. a defiant uk chancellor on whether he and the british prime minister will still be in theirjobs at this time next month. as you have been hearing, he has flown back early from iff meetings in washington for meetings with the pm. imf. washington for meetings with the pm. imf. they are expected to pause plans after weeks of economic crisis. people are panicked about the impact of billions of pounds of tax cuts funded by more borrowing on the u.k. s debt and on inflation and that sent government borrowing costs and mortgage rates are soaring and force the bank of england to come ....

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BBCNEWS Dateline London July 7, 2024

legalise same sex marriage. the new family code which is the culmination of efforts by a coalition of lgbtq activists, would help gay couples adopt children and also allow surrogate pregnancies. now on bbc news, it is time for dateline london. hello and a warm welcome to dateline london. i m ben brown. we re looking at two of the week s big stories what s happening in russia as men flee the country after president putin s call up of reservists to fight in ukraine and his threat to use nuclear weapons, and also the british government s announcement of sweeping tax cuts the most far reaching for half a century. well, i m joined to discuss all this with polly toynbee, columnist from the guardian, stephanie baker of bloomberg news, and latika bourke of the sydney morning herald. so, cuts to income tax, corporation tax, national insurance and stamp duty and removing the cap on bankers bonuses. it will cost tens of billions of pounds. the government says it will boost ec ....

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BBCNEWS BBC News July 7, 2024

liz truss insists she s the right person to stay in number ten, but labour say the government is in meltdown. well, this is a tory crisis created a downing street but being paid for by ordinary working people. welcome to downing street, where, less than 2a hours after kwasi kwarteng insisted he was 100% safe in his job as chancellor, he has gone sacked by liz truss after he flew back early from washington for crisis talks. three weeks of turmoil on the financial markets has culminated in the prime minister announcing a second major u turn on her economic plans for growth corporation tax will now rise in april after all. she has sacked the chancellor and named a new one jeremy hunt the fourth this year. at a very short press conference this afternoon, liz truss was repeatedly asked about her credibility as prime minister and why she was remaining in the job. let s take a listen to what she had to say. we have seenjeremy hunt come in and out of number ten. that was just ....

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BBCNEWS BBC News July 7, 2024

s behalf. we will do it for all italians, with a clear objective of uniting the people, of underlining what unites it, rather than what divides it. nine people, including five children, are dead and some 20 wounded after a gunman opened fire in school 88 in the central russian city of izhevsk, the interior ministry has said. five rescuers have been killed after being swept away in flash floods caused by a typhoon in the philippines. super typhoon noru has brought winds of up to 175 kilometres an hour. and, nasa prepares to crash a probe into an asteroid to see how to stop a space rock from hitting earth. hello and welcome if you re watching in the uk or around the world. the value of the pound fell to a record low against the dollar overnight, following the uk government s announcement of large tax cuts funded by borrowing. in asian trading, sterling fell four per cent, close to $1.03 it s recovered much of that ground this morning. the fall in the pound since friday threa ....

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