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BBCNEWS BBC News July 7, 2024

an enemy of the state at his first rally since the fbi searched his florida resort for sensitive files. and coming up at 7.30, a full round up of the day s action in sportsday. good evening. the frontrunner in the conservative leadership race, liz truss, says she ll act within a week, to help people with soaring energy bills if she becomes prime minister. her rival, rishi sunak, says he d target further financial help to the poorest. the victor will be announced as the next tory leader tomorrow, with the result expected around lunchtime. the queen will then formally appoint the winner as the new prime minister on tuesday at balmoral, in a break with tradition. that would usually take place in london. here s our our political correspondent iain watson. with serious economic challenges to confront, you might want to invite anyone to move in here. this week there will be a new occupant of number ten. the favourite is liz truss, rishi sunak has described himself as the underdog ....

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BBCNEWS BBC News July 7, 2024

donald trump calls president biden an enemy of the state at his first rally since the fbi searched his florida resort for sensitive files. hello and welcome. the frontrunner in the uk conservative leadership race, liz truss, says she ll act within a week, to help people with soaring energy bills, if she becomes prime minister. her rival, rishi sunak says he d target further financial help, to the poorest. the victor will be announced as the next tory leader on monday, with the result expected around lunchtime. the queen will then formally appoint the winner as the new prime minister on tuesday at balmoral, in a break with tradition. that would usually take place in london. here s our our political correspondent, iain watson. with serious economic challenges to confront, you might wonder why anyone would want to move in here, but this week there will be a new occupant of number ten. the pollsters favourite is liz truss. rishi sunak has described himself as the underdo ....

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BBCNEWS The Papers July 7, 2024

imposed under general pinochet s military rule. it s been described as one of the world s most progressive. hello and welcome to our look ahead to what the the papers will be bringing us tomorrow. with me are the journalist and broadcaster caroline frost and the parliamentaryjournalist tony grew. tomorrow s front pages, starting with. the i front page looks ahead to the announcement of a new tory leader tomorrow, referring to the frontrunner liz truss as prime minister in waiting the daily telegraph reports that liz truss is considering freezing energy bills for millions of households if she wins, to avoid an energy amageddon the times has the news that ms truss is expected to announce a support package for energy costs that would rival furlough . liz truss is also on the front of the guardian reporting that the likely prime minister will press on with tax cuts, despite tory warnings. now bbc comic mocks liz truss reads the front of the daily mail referring ....

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BBCNEWS Financial Turmoil July 7, 2024

over the past week and beyond. what does it mean for the pound in your pocket, your mortage rate, and the future of the uk s economy? to help answer these questions, we have a panel of experts. andrew walker is a former bbc economics correspondent who has reported on many tumultuous events in economies around the world and will turn his weathered eye to what the uk has been experiencing. and from across the uk, we have mercedes osborne a director at the exeter based mortgage brokers pointers financial paul lewis, is a personal finance expert who presents the bbc s money box radio show and joins us from llandudno, and fiona cincotta is a currency expert and senior market analyst at city index the online trading platform. she s in north london. welcome to all of you. so, first, andrew how did all this turmoil start? the pound at one stage went to an all time low and lost ground against other currencies. the bank of england which is responsible for controlling inflat ....

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BBCNEWS World Business Report July 7, 2024

global markets are eagerly waiting for the latest us inflation numbers and whether they will give any indication the rate has peaked. last week there was unexpectedly strong us jobs data which added to expectations the world s biggest economy is able to withstand a sharp interest rate rise by the federal reserve. but if inflation continues to soar it could change the likelihood of an aggressive big hike by the central bank. here s our north america business correspondent michelle fleury. after yea rs of no after years of no or at least hardly any inflation in the us, the past 12 months have seen consumer prices bugging sharply. the annual headline rate was 9.1%, the highest level for a0 years. economies expect the rate to call slightly to 8.7%. if that is the case that was ignored some welcome relief for us consumers and there are signs that americans do not expect inflation to continue at these levels for long. in addition, congress is about to pass the inflation reduc ....

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