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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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BBCNEWS Outside Source July 7, 2024

and outgoing shells, every 30 seconds or so. it really doesn t stop. and science fiction made reality as nasa plans to try to divert an asteroid by crashing a rocket into it. we start in the uk where the bank of england says it won t hesitate to take action to control inflation, after the pound slumped to an all time low against the dollar. take a look at this chart from this morning s asia trading. at one point sterling fell to $1.03 the lowest since 1971 though it s since recovered slightly. there s been speculation that the bank of england may announce an emergency hike in rates to control rising prices. for the moment, that hasn t happened. well there s lots to unpack. first to understand what s happening today we must go back to friday and to this annoucement in parliament. i can announce today that we will catch the basic rate of income tax to 19p, in april 2020 three, one year early. that means a tax cut for over 31 million people injust a few months t ....

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BBCNEWS Newsday July 7, 2024

welcome to newsday, reporting live from singapore, i m karishma vaswani. the headlines. the kremlin admits it made mistakes in the way it mobilised reservists to fight in ukraine as protests against the pound has a roller coaster day on the financial markets as the uk government and the bank of england try to offer reassurance. welcome to newsday, reporting live from singapore, i m karishma vaswani. the headlines. the kremlin admits it made mistakes in the way it mobilised reservists to fight in ukraine as protests against the call up continue. it s six in the morning in singapore, and one in the morning in moscow where the kremlin has admitted it made mistakes in the way it tried to mobilise hundreds of thousands of reservists to fight in ukraine. the call up triggered widespread protests and there were reports that people with no military experience or who are too old or disabled were being handed draught papers. draft president putin s spokesperson ackn ....

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CNN CNN Newsroom Live July 7, 2024

for a rematch. and we begin this hour with tropical storm ian, and that s churning in the caribbean and getting stronger as it heads north towards cuba. now, ian, is expected to reach hurricane status monday before hitting western cuba. officials say they re expecting strong winds, heavy rain, and dangerous storm surges. now, ian then expected to turn into a major hurricane tuesday and forecast to hit the florida coast some time later this week. now, people in florida as you can imagine already preparing for ian. florida s governor has activated 2,500 national guard troops. tampa residents, meantime, are filling sandbags you see them there to try and prevent that flooding. and emergency management officials preparing for storm surges. we are loading and by the day we would have loaded 360 trailers and more than 2 million meals and more than 1 million gallons of water ready to be sent into impacted areas. you need to be prepared for sheltering in place. you may l ....

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BBCNEWS BBC News July 7, 2024

most right wing government since world war ii. a man has died after a fire in a block of flats in bristol. eight other people are currently being treated in hospital while authorities try to find alternative accomadation for residents. hurricane fiona slams into canada s eastern coast with heavy rains and huge waves washing away homes and cutting power to tens of thousands of people. there are warnings of a potential threat to life and property as super typhoon noru makes landfall in the philippines with forecasted winds of up to 200 kilometres an hour. good afternoon. sir keir starmer has said a future labour government would reinstate the 45% top rate of tax which the tories have announced they re cutting, but keep the 1p cut in basic rate tax also proposed by the conservatives. as the labour party conference got under way sir keir said the party would take a very different approach to economic growth. he dismissed the government s strategy, announced on friday, of cu ....

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