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BBCNEWS BBC News July 7, 2024

chief political correspondent nick eardley. this is another big moment, nick. another prime minister. it is this is another big moment, nick. another prime minister. this is another big moment, nick. another prime minister. it is a huge moment, joanna, another prime minister. it is a huge moment, joanna, partly another prime minister. it is a huge moment, joanna, partly because . another prime minister. it is a huge i moment, joanna, partly because rishi moment, joanna, partly because rishi sunak is someone who will come into this office with some of the biggest challenges that any prime minister in modern history has faced. i said that several weeks ago in downing street when liz truss took over but the challenges that this is scenic is going to face have only gone up over the past few week set the challenges that rishi sunak is going to face. he has to try and steady the ship economically and we have a rough idea of how he wants to do that because he has talked a ....

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MSNBC Loan Wolves July 6, 2024

and a basic promise. - a nation that rewards the effort and determination of every single american. - so the least among us shall have an equal chance to achieve the greatest things. - and the doors of higher education will be open to all. - no matter what your circumstances or where you are, you are part of the life of our great nation. - it s one thing all our presidents agree on, each in their own unique way. [patriotic music winds down] - have a good life. we will see you soon. - and to get that good life, all we had to do was follow the instruction manual on how to do the right thing. study hard, be nice to your brother. - get him! - go to college, graduate, and voila, achieve the american dream. but at some point. [clattering] - the us economy shrinking. - they re not getting married. they re not getting homes. they re not getting jobs. - we ve been looking at 40 years of flat wages. - those doors to opportunity got harder to open. [light laughter] - this is a big ....

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BBCNEWS BBC News July 7, 2024

u turn this afternoon, possibly abandoning plans for lower corporation tax. she s due to hold a news conference in about half an hour. kwasi kwarteng has confirmed his being sacked in a letter to the prime minister which begins by saying he had asked him to set aside and that he had accepted amongst the other quotes in a letter saying that the situation he faces is incredibly difficult with raising global interest rates and energy prices and following the status quo was not an option. his letter continues, the economic environment has changed rapidly since we set out the growth plan on the 23rd of september together with the bank of england we have responded to those events and it concludes that it is important now, as we move forward to emphasise the government commitment to fiscal discipline. the medium term financial fiscal plan is crucial to this end. let s go live to our political correspondent leila nathoo who s at downing street. kwasi kwarteng has gone as chancellor a ....

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BBCNEWS BBC News July 7, 2024

rachel reeves, the shadow chancellor, is there and they promise they will bring back the rate of interest tax to fund nhs staff. other news this afternoon. a moment of history in italy georgia meloni looks set to become its first far right leader since the second world war and its first female prime minister. a school shooting in russia has left at least 13 people dead, seven of them children. and nasa prepare to crash a space probe into an asteroid to find out how hard it would be to save the planet. welcome to bbc news, very good to have your company and it is going to be a busy afternoon. the pound fell overnight to its lowest level against the dollar for half a century. asian markets were reacting in part to the government s announcement last week of tax cuts and increased borrowing to pay for them. of course, that had come too late for their trading week on friday. at one stage, sterling plunged to around $1.03, before regaining ground. a weaker pound raises th ....

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MSNBC Jose Diaz-Balart Reports July 7, 2024

conserative party said sunack won the race and prime minister. the first person of color ever to hold that position. he will succeed liz truss after 44 days in office because of a revolt over her economic policies. former prime minister boris johnson thought about a comeback but ended up pulling out of a race. nbc news correspondent and associate editor at the financial times. what can we expect him to take over as prime minister? reporter: jose, this has been a very fast moving forward days since liz truss stepped down. it will be a fast moving 24 hours. what we expect, and you mentioned in your in tree, not only the first person of color to walk through 10 downing, also the youngest prime minister in two centuries, really a historic day. so what we expect, and we can t confirm exact timing is liz truss, who is still prime minister technically, will have to go to king charles to resign. then we expect him to be asked to form a government. then what happens? he walk ....

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