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BBCNEWS BBC News July 7, 2024

markets. meanwhile, ministers continue to defend plans. we had to act really quickly continue to defend plans. we had to act really quickly last continue to defend plans. we had to act really quickly last friday - continue to defend plans. we had to act really quickly last friday to - act really quickly last friday to give people confidence on energy. in give people confidence on energy. in the afghan capital kabul a blast targeting students preparing for exams kills at least 19 people. record numbers of nurses are quitting the nhs in england with more than 40,000 leaving in the last year. hello and welcome if you re watching in the uk or around the world. in ukraine, 23 civilians have been killed in the southern city of zaporizhzhia after a russian missile struck a convoy of vehicles. that s according to the governor of the province. initial pictures that have started coming in show ambulances arriving at the scene. 0ur correspondent who s just arrived there report ....

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BBCNEWS BBC News June 4, 2024 09:12:00

Serious situation. it s a global crisis which has been brought about by the aftermath of covid and putin s war in ukraine. the government says the bank of england independently sets interest rates. but more than 1,000 mortgage products have been withdrawn due to forecasts of big rises. and listen to the reaction of the question time audience when one woman describes the impact it s having on her. i was actually in the process of getting a mortgage as a young person, and i was told my initial interest rate would be 4.5%. and i was told today that the lender has pulled that offer. and now the best offer that i can get is about 10.5%. gasps. whoa! wow. the chancellor has told conservative mps the government is working at pace to show the markets it has a clear plan. but as they prepare to gather for their conference in birmingham, with labour well ahead in the polls, some tory mps need convincing, too, that the government is on the right path. simonjones, bbc simon jones, bbc news. ....

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BBCNEWS BBC News June 4, 2024 09:45:00

Across the uk is something we l getting? funding for debt advice i across the uk is something we need more of. our generous donors and supporters have put their shoulder in and continue to give to our work, we do have enough staff, we have new debt advisers starting even just later this month in our new head office in bradford. but it is a concern, that front line workers and charities like ours are expected to pick up the slack that should be covered by things like a fair energy price guarantee and increasingly a social security system that is crumbling. without the guarantees from government it will be there in the future we are really concerned. we can help as charities but there is a role for the state, our social security system needs to be there for all of us when we have need of it so it can be guaranteed by government that social security will be operated by the rate of inflation in april next year. it s a real travesty of justice. in april next year. it s a real travesty ofjus ....

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BBCNEWS BBC News June 4, 2024 10:13:00

Boosting supply to the economy. tension could arise if they are not quite as optimistic as the government, if they don t believe that it will bring as much growth, they are not going to build it into their forecast and it could lead to their forecast and it could lead to the government having to make big decisions elsewhere to make the finance numbers add up. it’s decisions elsewhere to make the finance numbers add up. it s easy to anic finance numbers add up. it s easy to panic when finance numbers add up. it s easy to panic when something finance numbers add up. it s easy to panic when something dramatic i panic when something dramatic happens and what we have seen is dramatic, particularly with the pound pointed at low of $1.03, but it s now back up to where it was before the mini budget, $1.12 stop how much should we read into the markets? we how much should we read into the markets? ~ :, ~ , :, markets? we talk indeed terms about the markets. markets? we talk indeed terms ....

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BBCNEWS BBC News June 4, 2024 09:11:00

Seeking to regain the confidence of the markets. in an unusual move, both the prime minister and the chancellor will meet the chairman of the office for budget responsibility after a slump in the value of the pound, uncertainty over mortgages, and a week of extreme financial volatility. the watchdog had offered to prepare a draft forecast in time for last friday s mini budget, but that was rejected by the government. forecasts of the uk s economic outlook are usually published to accompany major financial announcements. it s led to accusations ministers were trying to avoid scrutiny, and that that has in part driven the lack of confidence in the markets. now the 0br, its costings methods and forecasts is seen by many as central to the plan to restore stability. but in a series of bbc interviews yesterday, the prime minister seemed keener to talk about cutting taxes and capping energy bills than surging mortgage costs. prime minister, it sounds like you re saying, crisis? what crisis? ....

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