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the leaders of china's ruling communist party gather for a summit in which ruler xijinping is expected to secure a historic third term in office. communities in three australian states are ordered to evacuate as torrential rain brings major flooding. and — the flying scotsman — the first steam engine to hit 100 miles an hour — celebrates a century on the tracks. hello and welcome if you're watching in the uk or around the world. britain's chancellor, kwasi kwarteng, has cut short his visit to the us, to hold urgent talks with the prime minister, as pressure mounts on the govern...

Communication. having said all of this, the bigger issue is that for the last 15 years since the global financial crisis, we have had record low interest rates, almost nothing. and politicians have been able to borrow and borrow and spend and spend and not have to raise taxes because it has cost them pretty much nothing to do so, thanks to central banks. the big problem notjust for the uk government, but for governments all over the world is that that is coming to an end and therefore, funding of their spending plans is becoming much more difficult. so politicians all over the world will be lo...