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profits but the money is rolling in as it benefits from high interest rates. and qatar looks to cash in on the world cup to boost its economy we have a special report from doha. financial markets reacted calmly as it emerged that rishi sunak is set to be the uk s next prime minister. the pound is broadly unchanged against the dollar and government borrowing costs stayed lower after commons leader penny mordaunt dropped out of the leadership race. but the new prime minister inherits a daunting in tray with the cost of living crisis soaring energy prices and rising inflation. not to mention the war in ukraine and brokering a good relationship with europe. our business correspondent theo leggett has more. the news that rishi sunak is the new leader of the conserve the new leader of the conserve the party and will therefore become the next prime minister of the uk is something international investors seem to have taken in their stride. there has certainly been no return ....
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Unveil a tax and spending package. we know from what the government has been saying that is likely to involve difficult decisions. he could mean raising taxes, spending or possibly both. but government departments are under a lot of impression that micro lot of pressure at the moment, there s not much fat left to cut, so that means there s decisions are likely to be very painful ones. as i said, if there is a honeymoon period for rishi sunak it is not likely to be a long one and very difficult decisions lie ahead. they do indeed. joining me now is sarah hewin, head of research, europe and americas at standard chartered bank good morning. lovely to see you. the financial times is saying markets are looking forward to a dullness dividend. give us your take on what is required. iii give us your take on what is required- give us your take on what is reuuired. ., ., , required. if we look at the gap there is in required. if we look at the gap there is in the finances, - required. if we l ....