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BBCNEWS BBC News Special July 7, 2024

announced by his predecessor, kwasi kwarteng, in last month s mini budgetjust three weeks ago. in an emergency statement this morning, he abandoned indefinitely the planned ip cut in the basic income tax that was due to come next year. help with energy bills will now only last until next april. instead of for two years, and then that will be reviewed. today, jeremy hunt claimed all of those announcements will save £32 billion a year, but he also warned that there are going to be more difficult decisions ahead on tax and spending to cut government debt. he will be addressing mps in the commons later this afternoon, some time after lipm. before then, there will be an urgent question in there will be an urgent question in the commons asked by sir keir starmer. it will not be liz truss responding to that, it will instead be penny mordaunt. so plenty ahead in the commons. in terms of the market reaction, jeremy hunt said that he had sought to reassure the markets this morni ....

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BBCNEWS BBC News July 7, 2024

things the growth plan and making sure with things like the growth plan and making sure with things like energy intervention, that people right across this country are the queen s official death certificate has been published. it was signed by the princess royal and reveals the monarch died of old age. one of the most dangerous storms in us history hits florida, damaging buildings and submerging some coastal areas in floodwater. florida s governor, ron desantis, says the impact of the damage across the state will set records. tributes flood in from across the music world for the rapper coolio, famous for the 90s hit gangsta s paradise. hello. the chancellor, kwasi kwarteng, has dug in to defend his mini budget, saying the government will stick to its plan to try to boost the uk economy. he s said they will also continue to pursue efforts to help people with their energy bills, despite criticism of the tax cutting schemes he announced last friday. his comments came af ....

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BBCNEWS BBC News July 7, 2024

and misconduct. the mayor of kyiv says that russian strikes on the city this morning have killed one person and wounded three others. good morning and welcome to bbc news. the uk s new chancellorjeremy hunt is to deliver an emergency statement on the british economyjust after 11 o clock this morning, bringing forward measures a fortnight earlier than expected. it s expected there ll be a delay in the plan to cut the basic rate of income tax from 20p to 19p, that would be yet another u turn from the mini budget that caused such turmoil on financial markets. with me now as our chief political correspondent. he is waiting in the wings to talk to me. let me round up, because an hour or so we are expecting to hear from the chancellor, he is going to be making that statement and we are expecting pretty much everything in the mini budgets to be pulled back, except for the national insurance increase, the national insurance cut because that has already been legislated for, obvi ....

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BBCNEWS BBC News July 7, 2024

finding a way to trade with the uk internal market and also the european single market, border checks between england and scotland, as announced today by the first minister. massive gap in public finances that would have to be breached. that is a recipe for precisely the austerity she say she is worried about. let me say this. if we want economic stability, if scotland wants economic stability, to coin a phrase, we are stronger together. what will the impact of these measures be on the growth rate, and will we still avoid recession? i will we still avoid recession? i will publish the economic forecast from the obr when i make my statement in a fortnight s time. i think it s betterfor statement in a fortnight s time. i think it s better for me to wait until i hear that. but the proper answer to his question is that what we are seeking is long term, sustainable increase in the economic growth rates, and that is a central policy of the prime minister which has my wholehear ....

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BBCNEWS Outside Source July 7, 2024

obvious. please obey all warnings and directions from obvious. please obey all warnings and directions from emergency. and directions from emergency officials russia prepares to formally annex four more territories of ukraine with a signing ceremony in moscow. the west has condemned the vote as a sham. a fourth leak is discovered in the nord stream gas pipeline in the baltic. nato calls it a deliberate act of sabotage. #asl # as i walked to the valley of the saido of death, i take a look at my life. tributes are paid to the american rapper coolio, who s died at the age of 59. we have three major stories to cover tonight. parts of florida are being devastated by hurricane ian, the storm s being described as a once in a 500 year event. russia is preparing for a ceremony in red square on friday when it ll formally annex occupied ukrainian territories in defiance of international law. but first, we start here in the uk. the prime minister liz truss has been defending he ....

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