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BBCNEWS BBC News July 7, 2024

exactly under what mechanism, but it will happen. china s president, xijinping, has been defending his controversial zero covid strategy as a historic communist party congress kicks off in beijing. the iranian authorities say four inmates are dead after a fire at a prison in the capital as protests continue. more than 1,000 paddington bears and other teddies left by the public in memory of the late queen elizabeth are to be sent to charity. good afternoon. the new chancellor, jeremy hunt, has asked conservative mps to get behind the prime minister, liz truss. he s insisted that she remains in charge of the government and said the country needed stability, not another protracted leadership campaign . mr hunt has held talks with ms truss today on further changes to the government s tax and spending plans, which led to turmoil on the financial markets. she s faced another blow to her authority with criticism from the us president, joe biden. 0ur political correspondent, p ....

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BBCNEWS World Business Report July 7, 2024

the value of the pound has dropped again today by nearly a percent against the dollar as investors digest the warning from the international monetary fund about the uk government s fiscal plans. the imf has openly criticised the plan for widespread tax cuts, warning the measures are likely to fuel the cost of living crisis and increase inequality. here s michelle fleury with more details in new york. one of the roles of the international monetary fund is to act as an early economic warning system, and it has just sounded the alarm over the uk s new tax and spending plans. in a statement, the fund warned, given elevated inflation pressures in many countries, including the uk, we do not recommend large and untargeted fiscal packages. even more pointedly, it suggested that the november 23rd budget presented an opportunity for the government to re evaluate tax measures, especially those that benefit high income earners. remember, as part of the uk treasury s policy to ....

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BBCNEWS BBC News July 7, 2024

iranian authorities say four inmates are dead after a fire at a prison in the capital, 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. the new chancellor, jeremy hunt has been in talks with liz truss this afternoon as they consider further changes to the mini budget that had been the centrepiece of her economic plan. 48 hours into thejob, mr hunt has made clear nothing has been ruled out on taxes or spending. he also said the prime minister is in charge. some of her own mps are continuing to criticise her though, to call for changes to her team and question whether she can remain in office. here s our political correspondent ben wright. behind the doors of the prime minister s country retreat, liz truss met her chancellor not unusual in normal times, but these are not. jeremy hunt has been sent in to urgently rewrite the government s economic plan. so wh ....

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BBCNEWS BBC News July 7, 2024

to some of her mps, they continue to question herfuture. and her new chancellor. more changes to the mini budget look set to come, amid talks this afternoon between liz truss and her new chancellor. they met at the prime minister s country retreat, and as some of her mps continue to question her future. butjeremy hunt says voters do not need more turmoil. what we want to stability, and the worst thing for that would be more political instability at the top, another protracted leadership campaign. i think that s the last thing that people really want to happen. with public spending as well as taxes in the spotlight we ll look at at the chancellor s options, and how welfare payments could be affected. and also coming up on this evening s programme. china s president defends his zero covid policy as the communist party gathers for a congress that happens twice in a decade. and a shock for scotland at the rugby league world cup as italy gain an easy win. good afternoon. th ....

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BBCNEWS BBC News July 7, 2024

the channel to england so far this year. that s according to uk government figures. lucy williamson has been speaking to people in albania, france and the uk. for each boat, each migrant, there can be many smugglers albanian fixers, uk guarantors, kurdish criminal gangs. the journey starts in towns like laknas, now marked by absence. the shuttered houses and empty streets signs of an exodus this year. most were drawn by uk wages ten times higher than here. and each departure makes business in laknas even harder. as the price of crossing to the uk has dropped the suburbs around tirana are being drained of people. locals in this neighborhood say 70% of the community has already left, and many of those living here now are thinking ofjoining them. there are many places like laknas in albania now. majlinda s son crossed to the uk from dunkirk last month. translation: he was a seasonall worker working four months a year for minimal salary in a kitchen. he had more expectati ....

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