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youngstown wouldn t have lost 50,000 jobs and those steel workers would not be coming up to me telling me you failed them. ohio senate nominees tim ryan and jd vance face off in youngstown and they weren t the only ones to hit the debate stage last night. we re taking a look at georgia and utah as well. in ukraine, more russian strikes in kyiv this morning. this time appearing to target the country s electrical infrastructure. we ll have the latest from the war-torn country. and also this morning, the trump organization is facing new scrutiny after documents show the company charged the secret service more than $1.4 million for agents accommodations while protecting the former president. good morning and welcome to way too early on this tuesday, october 18. i m jonathan lemire. thanks for starting your day with us. insults and accusations flew last night at the final ohio senate debate between congressman tim ryan and jd vance, the two clashing on everything ....
it paves the way for him to become the most powerful leader since mao zedong. and those are your latest headlines. the governor of the bank of england, andrew bailey, has spoken to the new chancellor, jeremy hunt, and says there was a clear meeting of minds on the importance of stability. now mr bailey has also warned of the possibility of higher interest rates ahead, more than previously expected. our business correspondent, marc ashdown, has this analysis. all smiles launching the mini budget at the end of september. and with it a new political phrase trussonomics, describing liz truss s vision for a high growth, high wage, low tax economy. but just three weeks later, her new chancellor has buried it. have you been given a clean slate? can you change elements of the mini budget if you want to? yes. and the fundamental thing the prime minister wants me to do and i need to do is to be completely honest with the country. trussonomics reversed, then. tax cuts likely r ....
but just three weeks later, her new chancellor has buried it. have you been given a clean slate? can you change elements of the mini budget if you want to? yes, and the fundamental thing the prime minister wants me to do and i need to do is to be completely honest with the country. trussonomics reversed, then, tax cuts likely replaced with tax rises, huge investment replaced with a spending slowdown. this rethink has largely been driven by the turmoil in the financial markets since the mini budget was announced. the pound has had a torrid time. the effective cost of government borrowing has soared, and the bank of england had to step in with an emergency programme, buying up government bonds to stabilise the pension sector. there is a pressing need, then, to restore some confidence and credibility. bank of england governor andrew bailey said he spoke to the new chancellor yesterday and had an immediate meeting of minds. but in a speech in washington, he had this warning ....
pressures will require a stronger response than we perhaps in august. manchester united and england footballer mason greenwood is charged with attempted rape, engaging in controlling and coercive behaviour, and assault. more than a0 turkish miners are now known to have died following an underground explosion dozens of others were injured. and rugby league world cup hosts england get off to a flying start, crushing samoa in the opening game of the tournament at st james s park good afternoon. the new chancellor of the exchequer, jeremy hunt, who has refused to rule out public spending cuts, and said taxes may have to rise. mr hunt appointed yesterday after kwasi kwarteng was sacked from the job said mistakes had been made by the government and warned of difficult decisions ahead . and in a further problem for the government, the governor of the bank of england has predicted that in order to combat inflation uk interest rates may have to rise even higher than e ....
more than a0 turkish miners are now known to have died following an underground explosion dozens of others were injured. and rugby league world cup hosts england get off to a flying start, crushing samoa in the opening game of the tournament at st james s park. the new chancellor, jeremy hunt, has indicated there ll be major changes to liz truss entire economic strategy. in a round of interviews this morning, mr hunt said mistakes had been made by the government and warned of what he called very difficult decisions ahead. he suggested taxes could rise to help restore market confidence and also talked about spending cuts. mr hunt was appointed yesterday after the prime minister sacked his predecessor, kwasi kwarteng. here s our political correspondent, ione wells. congratulations, mr chancellor. hours into his newjob, the chancellor was tasked with setting out his stall, it was a very different one from the one the prime minister set out. on wednesday, she said she ....