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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 st...

tells me how it's a story of both american strength and the weakness of other economies. so how much stronger could the dollar get? i'm going to ask this man right here, former us treasury secretary larry summers, if an international deal will be needed to curb its rise. also on the show, helping beat those queues at the airport. i'm going to be speaking to the big boss of air transport data giant sita about the tech solutions driving the future of seamless travel. wherever you'rejoining me from around the world, once again, a big hello and a warm welcome to the show. here's a quote....

more now on the day ahead in the uk, and we could know as early as this afternoon who the next leader of the conservative party is and therefore our prime minister. as you've been hearing, borisjohnson has pulled out of the contest, saying the time isn't right and would not lead to much needed party unity. this leaves two contenders — former chancellor rishi sunak and the leader of the house of commons, penny mordaunt, with mr sunak currently the front runner. by 2pm this afternoon if penny mordaunt hasn't got 100 backers or more, then rishi sunak is in post. if both candidates are...

suffer the most. also coming up: called to account. hundreds of uk post office managers were falsely accused of fraud because of faulty software. we look at role of the tech giant fujitsu in a massive miscarriage ofjustice. and the rugby league world cup kicks off today after a covid delay with the biggest sponsorship deal in the tournament's history. absolutely, 100%, iam not going anywhere. a defiant uk chancellor on whether he and the british prime minister will still be in theirjobs at this time next month. as you have been hearing, he has flown back early from iff meetings in wa...

officials. only the president and some members of his cabinet have access to them. let's bring in shawn turner, national security analyst and former director of communication for u.s. national intelligence. this reporting is quite interesting. what do you make of the idea that document like this was in a country club for 18 months? >> yeah, you know, when i saw this -- first of all, thanks for having me this morning. this really struck a chord with me, the fact that we now know that there were highly classified secret restricted access documents being stored at mar-a-lago, this is a ...