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BBCNEWS BBC News July 6, 2024



killed after a passenger plane crashed in nepal. the yeti airlines flight came down close to the tourist town of pokhara. the search has now been called off for the night and will resume on monday in daylight. it s understood a number of foreign nationals are among the dead. from kathmandu, our correspondent rajini vaidyanathan sent this report. and a warning, you may find some of the images distressing. what s thought to be the final moments of yeti airlines flight 691. first, you see it veer off course. then, you hear it. the smouldering remains of the twin engine plane, which had 72 people onboard, including children. it came down close to its destination the tourist town of pokhara. most of those onboard were nepalis. chaos and confusion, as people searched for survivors. speaking in the capital, nepal s prime minister says the authorities are trying to work out how this crash happened. translation: the incident- was tragic, all forces have been deployed for rescu ....

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BBCNEWS The Context with Christian Fraser July 7, 2024



welcome to the programme. amid the turmoil in uk markets this week, the chancellor met the us banks today and was told in no uncertain terms that his budget which he has planned for november is way too far away . the government needs to communicate much sooner, said the banks, on what the solution will be to the problem the city believes they created. it has been another chaotic day on the markets. this morning, the bank of england performed a screeching u turn, putting the brakes on its plan to sell government bonds and instead launching a new scheme to buy them. think of it as a form of digital money printing. the bank is creating funds to to buy bonds which the government issues to borrow money. and this is why. since the mini budget, the cost of government borrowing long term has shot up. it was spiralling above 5%. that s a 20 year high. we have seen rises in the last two days that would normally take years. the bank of england is buying up the debt, in essence cr ....

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BBCNEWS Outside Source July 6, 2024



the sound of artillery fire. you can tell every minute that this is a city that is being intensely fought over. we start here in the uk, where the prime minister rishi sunak has set out his priorities for 2023 in his first major speech of the year. let s have a listen to some of what he had to say. first, we will have inflation this year to ease the cost of living and give people financial security. second, we will grow the economy, creating better paid jobs and opportunity right across the country. third, we will make sure our national debt is falling so that we can secure the future of public services. fourth, nhs waiting lists will fall, and people will get the kjaer they need more quickly. fifth, we will pass new laws to stop small boats, sunak making sure that if you come to this country sunak illegally, you are detained and swiftly removed. rishi sunak spent the first few weeks of his premiership last autumn trying to restore stability after the turmoil of liz tru ....

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BBCNEWS BBC News July 7, 2024



let s take you through what today will look like. the current prime minister, liz truss, held her fourth and final cabinet meeting starting about an hour ago. she is due to make a statement outside number 10 at around 10:15, before travelling to buckingham palace for an audience with king charles. after this, rishi sunak will head to the palace, where he ll be invited to form a government. then it s back to downing street, and the new prime minister will address the nation at around 11:35. and over the next 2a hours, we can expect to see a trickle of cabinet appointments which will start to shape what rishi sunak s government will look like. of course, not just of course, notjust appointments, but the message too. what is the message is likely to be when he appears at the podium which is just being put up behind us? first of all four at liz truss, then for a rishi sunak later on. keeping us company throughout the morning as we follow these events is nick eardley, our ch ....

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BBCNEWS BBC News July 7, 2024



interest rates are expected to rise sharply today, as the bank of england attempts to tackle soaring prices. the bank is expected to increase its base rate by three quarters of a percentage point from 2.25% to 3%. that would be its eighth consecutive increase since december, pushing the rate to its highest level for m years. it would also mark the biggest single increase since 1989, and could have a big impact on the cost of living and people s finances. our correspondent navtej johal has this report. omar is a veterinary surgeon based in derby. he came to the uk four years ago and had planned to buy a home and settle here long term. with interest rates here expected to rise further today, which is likely to make mortgages more expensive, omar says he s now considering whether he should even stay in the uk. have you lost trust in the uk? i trust my colleagues, i trust my friends, i trust a lot of people in the uk. it shook my trust in the system. and you may move, you m ....

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