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The Faulkner Focus

embrace a simple idea that would say maybe every 4 or 5 years we should review all the things that we are funding to determine their efficacy. if a program is popular and it is working, then of course it will remain on the books. social security has insolvency problems as edward lawrence pointed out. changes have to be made eventually at great political risk in whoever attempts to make those changes. sunset clause makes so much sense that democrats have to be against it. of course, he was for it as you point out as a senator from delaware decades ago. he agreed with and believed in a common sense measure like reviewing all federal programs so we aren't wasting tax dollars. that's the same sliding scale of democrats since jfk. he was a tax-cutting, pro-life, anti-communist. now the democrat party is controlled by socialists who would love to be communist eaves to raise all your taxes including a wealth tax and

Program , Things , Social-security , Idea , Course , Books , Insolvency-problems , Efficacy , Funding , 5 , 4 , Democrats

Andrea Mitchell Reports

this? >> it comes down to the macro versus micro. we got good macro news. at the end of the day, when you go to the gas station, fill your tank, you are trying to make ends meet at the grocery store, those macro numbers don't have that same affect. i think the time that it takes for that to hit the microjust isn't there. i think this is what is especially going to be hurtful for those interest voters, those view voters that still exist that are switching back and forth the channels. had is not enough time to translate it into reality. >> if the economy and crime are really two of the top issues here that voters are using at the polls, what's the republican answer to those? what's their answer to how to make things better? >> some of it is based around traditional issues like tax cutting.

Ends , Gas-station , Macro-numbers , Grocery-store , Tank , Affect , Macro-news , Versus-micro , Voters , Interest-voters , Isn-t , Microjust

BBC News at Six

but there comes a point when that tin eared nurse to contrary advice brings you down. tara;r tin eared nurse to contrary advice brings you down.— tin eared nurse to contrary advice brings you down. tory party members had been impressed _ brings you down. tory party members had been impressed over _ brings you down. tory party members had been impressed over the - brings you down. tory party membersj had been impressed over the summer as she set out her radical tax—cutting as she set out her radical tax-cutting agenda. as she set out her radical tax-cuttinu arenda. ~ ., �* ., tax-cutting agenda. what i'm about as a conservative is _ tax-cutting agenda. what i'm about as a conservative is people keeping | as a conservative is people keeping more of their own money and growing the economy to avoid a recession. her rival rishi sunak predicted that would have serious consequences. your own economic adviser has said your plans would mean interest rates have to go up to 7% so think what that means for your mortgages. iiis that means for your mortgages. his warnings were ignored and liz truss became the fourth conservative prime minister in just over six years. her programme for government was put on hold whenjust two programme for government was put on hold when just two days after being appointed, queen elizabeth died and the country entered a period of mourning. when political life resumed, the prime minister and her chancellor surprised everyone, including the rest of the cabinet,

Politics , Advice , Nurse , Point , Tin-eared , R , Tara , People , Wouldn-t-vote-conservative , Conservative-party , Members , Consequences

BBC News

tight spending rounds. the first verdict will come when financial markets open next week. i don't expect a dramatic reversal, because the devil will be in the detail. and when we find out the detail of the budget on the 315t of october, that will be perhaps a more holisticjudgment being made by financial markets. that's a fortnight away, a long time in the life of a chancellor. marc ashdown, bbc news. let's go live now to downing street and our political correspondent, helen catt. helen, what does all of this mean for liz truss?— for liz truss? the chance this mornin: for liz truss? the chance this morning was _ for liz truss? the chance this morning was trying to - for liz truss? the chance this i morning was trying to calm things economically, to reassure the financial markets, but in doing so he has added to liz truss' political problems. why is that? she built her leadership edge on this vision of regulation loosening, tax cutting, throwing everything at the economy,

Markets , Budget , Verdict , Spending-rounds , Reversal , Detail , Devil , Chancellor , Marc-ashdown , Bbc-news , Life , Financial-markets

BBC News

on the 31st of october, that will be perhaps a more holisticjudgment being made by financial markets. that's a fortnight away, a long time in the life of a chancellor. marc ashdown, bbc news. our political correspondent helen catt gave us this update from downing street about what happens next. well, about what happens next. the chancellor this morr was well, the chancellor this morning was trying to calm things economically to reassure the financial markets, but in doing so, he's added to liz truss's political problems. why? because she felt her leadership pitch on this big vision of regulation, tax cutting, throwing everything at the economy, taking a different economic approach, that is now about to be junked. it leaves those who didn't support her, what else does she offer? what is she for as prime minister? but it leaves those who enthusiastically embraced and supported her plan, and there are some of those disappointed that

Jeremy-hunt , Bbc-news , Marc-ashdown , October , Helen-catt , Financial-markets , Fortnight , Life , Holisticjudgment , 31 , 31st-of-october , Chancellor

BBC News at One

of them with a steering wheel, and one wants to go left on the other wants to go right. one is the central bank, trying to call off the economy so that price pressures will ease. and the other one wants to spend more to support families but beyond that is going to add to aggregate demand. the beyond that is going to add to aggregate demand.— beyond that is going to add to an acreate demand. ~ , , aggregate demand. the imf believes that the chancellor's _ aggregate demand. the imf believes that the chancellor's tax-cutting i that the chancellor's tax—cutting plans will only boost growth in the short term. and economists appearing front of mps today were not optimistic. front of mps today were not optimistic— front of mps today were not optimistic. front of mps today were not otimistic. ~ . ., ., ., optimistic. we are not going to hit medium term _ optimistic. we are not going to hit medium term 2.596 _ optimistic. we are not going to hit medium term 2.5% growth - optimistic. we are not going to hit medium term 2.596 growth in i optimistic. we are not going to hit medium term 2.596 growth in this| medium term 2.5% growth in this economy at the moment. this is something that i will have to be nurtured over decades. yesterday at the imf meetings, _ nurtured over decades. yesterday at the imf meetings, andrew - nurtured over decades. yesterday at the imf meetings, andrew bailey, l nurtured over decades. yesterday at l the imf meetings, andrew bailey, the governor of the bank of england, came underfocus. the bank has had to intervene in the bond market to help ensure the viability of many pension funds. he insisted that the current bond buying programme would come to an end this week, a move not welcomed by the markets. sterling has fallen in _ welcomed by the markets. sterling has fallen in response _ welcomed by the markets. sterling

Economy , Families , Price-pressures , Wants , Central-bank , One , Steering-wheel , Chancellor , Mps , Term , Growth , Aggregate-demand

Breakfast

however, the i reports on suggestions there is a growing rebellion within liz truss's cabinet, with ministers pressuring the prime minister to reverse plans for a real—terms squeeze on universal credit and other benefits. away from the conservative party conference, the daily telegraph is reporting that the treasury will impose an additional £21 billion of income taxes, despite what liz truss has called a "tax—cutting" mini—budget. analysis from the institute for fiscal studies has found the average household will be £1,a50 a year worse off as a result and one of the most watched videos on the bbc news website shows a playground at a primary school in wolverhampton that has had a rather usual uplift. it has its own staff struggled to arrange lessons locally. —— it has its own swimming pool after staff struggled to arrange lessons locally.

Liz-truss , Credit , Ministers , Reporting , Benefits , Treasury , Rebellion , Suggestions , Plans , Cabinet , Conservative-party-conference , The-daily-telegraph

BBC News at One

just a _ about twice as high as they were just a few— about twice as high as they were just a few months ago, which really underlines — just a few months ago, which really underlines the anxiety that remains in the _ underlines the anxiety that remains in the markets, because whenever we do see _ in the markets, because whenever we do see these — in the markets, because whenever we do see these forecasts published, there _ do see these forecasts published, there are — do see these forecasts published, there are some big questions here to answer _ there are some big questions here to answer one — there are some big questions here to answer. one of the key questions is, how answer. 0ne of the key questions is, how does— answer. one of the key questions is, how does the government fund its tax cutting _ how does the government fund its tax cutting plans? because some economists say this alone will have added _ economists say this alone will have added £10 — economists say this alone will have added £10 billion to borrowing costs. — added £10 billion to borrowing costs, put the tax cuts on top of that, _ costs, put the tax cuts on top of that, you — costs, put the tax cuts on top of that, you may have to look for around — that, you may have to look for around £40 billion of savings limiting — around £40 billion of savings limiting the rise in benefits only goes _ limiting the rise in benefits only goes a — limiting the rise in benefits only goes a small way towards that, some are saying _ goes a small way towards that, some are saying perhaps we are going to have to _ are saying perhaps we are going to have to look at cuts on a far larger scale _ have to look at cuts on a far larger scale £40 — have to look at cuts on a far larger scale. £40 billion, almost the amount— scale. £40 billion, almost the amount of— scale. £40 billion, almost the amount of money they get in the schools— amount of money they get in the schools core budget every year, that is the _ schools core budget every year, that is the scale — schools core budget every year, that is the scale of it. so, big questions to be answered here, services — questions to be answered here, services already under pressure because — services already under pressure because of rising inflation, all of this, _ because of rising inflation, all of this, it _ because of rising inflation, all of this, it is — because of rising inflation, all of this, it is notjust numbers on charts — this, it is notjust numbers on charts and _ this, it is notjust numbers on charts and words on pages, this is going _ charts and words on pages, this is going to _ charts and words on pages, this is going to impact likelihoods up and down _ going to impact likelihoods up and down the — going to impact likelihoods up and down the country.— going to impact likelihoods up and down the country. dharshini david, our economic—

Government , Markets , Questions , Forecasts , Anxiety , One , Answer , 0ne , Tax-cutting , 0 , Benefits , Rise

BBC News at One

stands to gain further theory that does not gain much traction around here. it is not clear when ever we will find out who's this and that is a further question as to how the european can respond. it was already limping towards a further package of sanctions across russia. this is a further nail in the coffin for any further nail in the coffin for any further gas coming to europe for the time being and energy security as well shifting the conversation not just from how europe finds new energy supplies but how it protects existing supplies.— existing supplies. jessica parker, thank yom _ the time is 13:18. our top story this lunchtime. the bank of england has stepped in to calm financial markets after the government tax cutting plans caused turmoil. and we speak to the new chairman of the englanda and wales cricket board about the challenges facing the sport. coming up on the bbc news channel.

Theory , Question , Traction , Russia , Europe , Gas , Coffin , Nail , Package , Sanctions , Energy-security , Conversation

BBC News at One

senior labourfigures time you would uniformly get a senior labour figures saying they have a good crack at forming the next government. in his speech, keir starmer won't just next government. in his speech, keir starmer won'tjust talk next government. in his speech, keir starmer won't just talk about emulating the likes of tony blair in 1997. he will talk about this big historic labour victories of the past like 1945 under clement attlee. 0r past like 1945 under clement attlee. or 19 six defour as well. here is why labour thinks it can win. —— 1964 as well. it thinks the public is ready to listen to an alternative message about how to prosper the economy. that's why they are increasingly feeling confident about their prospects. that's not a guarantee, however. labour has a lot of ground to make up from the last general election when it fell to that historic low in terms of seats. it also knows that it is possible the government strategy does pay off and that tax cutting and cutting regulation leads to the economic

Government , Keir-starmer , Won-t , Speech , Tony-blair , Keir-starmer-won-tjust-talk , Labour-figures , Victories , Crack , 1997 , Win- , Public