This video can not be played To play this video you need to enable JavaScript in your browser. By James Gregory & Ione Wells BBC News Difficult decisions will be needed “across the board” on tax and spending, the new chancellor has said. Jeremy Hunt told the BBC that some taxes will go up, while
Month: October 2022
This video can not be played To play this video you need to enable JavaScript in your browser. By Vicki Young & Sam Francis BBC Politics Liz Truss is facing a backlash from Conservative MPs after firing her chancellor and announcing a second U-turn on a major economic policy. One former minister told the BBC:
EPA By Joshua Nevett BBC Politics Kwasi Kwarteng has been sacked as chancellor amid intense speculation Prime Minister Liz Truss is about to junk key parts of their economic plan. Mr Kwarteng met Ms Truss for crunch talks in Downing Street after cutting short a US trip. In a letter to the PM, Mr Kwarteng
EPA By Faisal Islam, economics editor, Chris Mason, political editor, & Becky Morton, political reporter BBC News Chancellor Kwasi Kwarteng has cancelled meetings in the US and is leaving a day early for crunch talks in the UK as pressure mounts on Liz Truss to U-turn over the mini-budget. The prime minister is facing calls
This video can not be played To play this video you need to enable JavaScript in your browser. By Joshua Nevett BBC Politics Getting rid of Liz Truss would be a “disastrously bad idea”, the foreign secretary has said, as he defended the prime minister’s economic plans. James Cleverly said the PM – who has
Reuters By Ione Wells and Becky Morton BBC Politics The government may have to rethink its tax-cutting plans to reassure financial markets and stabilise the economy, some senior Conservative MPs have said. The warnings came ahead of a bruising appearance for the prime minister at a meeting of Tory backbenchers. One loyal minister told the
This video can not be played To play this video you need to enable JavaScript in your browser. Jacob Rees-Mogg’s claims the economic turmoil is not linked to the mini-budget have been criticised. The business secretary said recent market volatility could be due to the Bank of England’s failure to raise interest rates in line
Getty Images By Tom Espiner Business reporter, BBC News The boss of the Bank of England has said a bond-buying scheme to stabilise pension funds must end on Friday, despite pleas to extend it. The scheme must end for the sake of UK financial stability, Andrew Bailey told BBC News. He said that managers have
Getty Images By Daniel Thomas BBC News The Bank of England has warned of a “material risk” to financial stability as it made a fresh emergency move to try to calm investors. It said it would buy more government bonds to try to stabilise their price and prevent a sell-off that could put some pension
This video can not be played To play this video you need to enable JavaScript in your browser. By Paul Adams in Kyiv and Elsa Maishman in London BBC News Russia has been widely condemned after bombarding cities across Ukraine, including launching missile strikes on the centre of Kyiv for the first time. The US
This video can not be played To play this video you need to enable JavaScript in your browser. By Paul Adams BBC News Kyiv, Ukraine The past few hours have seen wave after wave of explosions, not just here in Kyiv, but all across this vast country, from Lviv in the west to Kharkiv in
This video can not be played To play this video you need to enable JavaScript in your browser. By Aoife Walsh BBC News Russian President Vladimir Putin has accused Ukraine of attacking the bridge to Russian-annexed Crimea, saying that it was an “act of terrorism”. President Putin said Ukraine’s intelligence forces had aimed to destroy
An Garda Síochána The names of the 10 people killed in an explosion in Creeslough, County Donegal on Friday have been released by Gardaí. The victims include five-year-old Shauna Flanagan Garwe and her dad Robert Garwe, 50. Catherine O’Donnell, 39, and her son James Monaghan, 13, also lost their lives in the explosion. Leona Harper,
Getty Images Ten people have died after a huge explosion at a petrol station in the Republic of Ireland. Four men, three women, a teenage boy and girl and a younger girl were killed, said gardaí (Irish police). The blast happened at the Applegreen service station in the County Donegal village of Creeslough on Friday.
This video can not be played To play this video you need to enable JavaScript in your browser. By Alexandra Fouché in London & Hugo Bachega in Kyiv BBC News A huge blast on Russia’s bridge to Crimea, the Ukrainian peninsula it annexed in 2014, has killed three people, investigators say. The victims were in
This video can not be played To play this video you need to enable JavaScript in your browser. By Hugo Bachega and John Simpson BBC News, Kyiv Ukraine’s President Volodymyr Zelensky says Russian officials have begun to “prepare their society” for the possible use of nuclear weapons, but added he does not believe Russia is