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BBCNEWS World Business Report July 7, 2024

the value of the pound has dropped again today by nearly a percent against the dollar as investors digest the warning from the international monetary fund about the uk government s fiscal plans. the imf has openly criticised the plan for widespread tax cuts, warning the measures are likely to fuel the cost of living crisis and increase inequality. here s michelle fleury with more details in new york. one of the roles of the international monetary fund is to act as an early economic warning system, and it has just sounded the alarm over the uk s new tax and spending plans. in a statement, the fund warned, given elevated inflation pressures in many countries, including the uk, we do not recommend large and untargeted fiscal packages. even more pointedly, it suggested that the november 23rd budget presented an opportunity for the government to re evaluate tax measures, especially those that benefit high income earners. remember, as part of the uk treasury s policy to ....

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BBCNEWS BBC News July 7, 2024

iranian authorities say four inmates are dead after a fire at a prison in the capital, as protests continue. more than a thousand paddington bears and other teddies left by the public in memory of the late queen elizabeth are to be sent to charity. the new chancellor, jeremy hunt has been in talks with liz truss this afternoon as they consider further changes to the mini budget that had been the centrepiece of her economic plan. 48 hours into thejob, mr hunt has made clear nothing has been ruled out on taxes or spending. he also said the prime minister is in charge. some of her own mps are continuing to criticise her though, to call for changes to her team and question whether she can remain in office. here s our political correspondent ben wright. behind the doors of the prime minister s country retreat, liz truss met her chancellor not unusual in normal times, but these are not. jeremy hunt has been sent in to urgently rewrite the government s economic plan. so wh ....

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MSNBC The Funeral of Queen Elizabeth II July 7, 2024

abbey where the late queen was married in 1957. and crowned back in 1953. when she was just 25 years old. her astounding 70 years on the throne saw a world transformed. from scientific breakthroughs, world war ii, to a changing monarchy. and to her own changing family. yet, threw it all this remarkable woman endured. through 14 american presidents, 15 british prime ministers, through financial crisis and, of course, the troubles through the rise of the internet and the fall of the berlin wall. in a few minutes, the royal navy will begin a procession to transport the queen from westminster hall where she has been lying at rest. queen elizabeth ii led her people for over seven decades on the throne. she was 96 years old. the longest reigning monarch in british history. along with joe, willie and me, we have u.s. special correspondent for bbc catty kay. it s wonderful to be with you early this morning as we cover history in the making. let s set the scene. last night i pos ....

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MSNBC Hallie Jackson Reports July 7, 2024

standing by. we are live from puerto rico where search and rescue operations for survivors is getting higher, basically the entire island has now power after the hurricane fiona swept over it. i m hallie jackson in washington. i want to bring in ryan riley and form charles coleman. and what do we know about the special master for the mealings and we re hours from getting it started. it will be very busy, with the brooklyn start tomorrow and the ongoing appeal whether or not the classified documents will be part of it. this is really urgent. the documents with the classified markings at the top of them, those are not donald trump s personal property, they do not belong to him, so we shouldn t need a special master and they should be going forward with the investigation. and that s what they brought to the 11th circuit. so i think we should hear relatively quickly from the appeals court about where that is going to go because they really are making sure that that ....

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BBCNEWS The Papers July 7, 2024

gentlemen. quick look at the front pages. we will start with the mail. it leads on speculation mps will move to topple liz truss this week. meanwhile, the metro details three separate plots to oust her. the mirror is rather more blunt, saying tory mps want truss to just quit now . the independent says senior tory figures are telling her the game is up . the guardian echoes this sentiment but suggests truss will try to fight on. it might be too late, though the times suggests the party is looking to crown a new leader already. the express, meanwhile, focuses on the economic backdrop to all this, asking if her latest u turn will be enough to turn things around. and there we go, that s the times, we have caught up. and amid all this, a plea for unity by former leadership rival penny mordaunt on the front of the telegraph. let us begin our chat, sebastian and merchant. lovely to have you both with us again. sebastian, it is your round, this one. we are going to start ....

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