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This is bbc news. i m lukwesa burak. the headlines at nine. world leaders arrive at the cop climate summit in egypt, amid warnings from the un that the past eight years are on track to be the warmest on record. the prime minister will call for a global mission for newjobs and clean growth, when he addresses leaders at the summit later today. the prime minister today announcing £65 million of funding to make sure that energy can be produced elsewhere in the world, anyway which is sustainable. it comes amid a growing political row back in westminster ....
Tomorrow, if anything, we re back into sunshine and showers. fewer showers than today, a bit more sunshine. the winds will still be noticeable, but not as strong as today for most and our temperatures 12 to 15. this is bbc news, i m lukwesa burak, the headlines. world leaders arrive at the cop climate summit in egypt amid warnings from the un that the past eight years are on track to be the warmest on record. the prime minister will call for a global mission for newjobs and clean growth, when he addresses leaders at the summit later today. it comes amid a growing political row back in westminster over text messages sent by sir gavin williamson. downing street says the pm believes the expletive laden messages are unacceptable . president zelensky says russia is planning more air strikes on ukraine s vital infrastructure as a new report warns ukraine is in danger of running out of air defence weapons. ....
So really, they have a weekend to sort out what they are going to do. are they going to u turn? how much are they going to u turn on? or are they going to face the markets next week? these are very big stakes, a dramatic return to london for the chancellor of the exchequer. the conservative mp mel stride, who is also chair of the treasury select committee says there s an expectation in the markets that there will be a significant change of policy. the idea that the chancellor is going to come forward with something significant, a significant row back, is now priced into the market, so we have seen a slight stabilisation around gilt yields and the pound, and i suspect that a lot of that is because there is no market expectation that something is going to happen. the problem therefore becomes, if it doesn t happen, then the markets may simply have an adverse reaction to that. so there is a strong downside to not doing anything, as well as a strong upside ....
With emergency funding those markets of government borrowing, that funding is being pulled at the end of the day. so really, they have a weekend to sort out what they are going to do. are they going to u turn? how much are they going to u turn on? or are they going to face the markets next week? these are very big stakes, a dramatic return to london for the chancellor of the exchequer. the conservative mp mel stride, who is also chair of the treasury select committee says there s an expectation in the markets that there will be a significant change of policy. the idea that the chancellor is going to come forward with something significant, a significant row back, is now priced into the market, so we have seen a slight stabilisation around gilt yields and the pound, and i suspect that a lot of that is because there is now a market expectation that something is going to happen. the problem therefore becomes, ....