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tv   BBC News at Six  BBC News  October 11, 2022 6:00pm-6:31pm BST

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another turbulent day on the financial markets amid warnings about the uk's economy. the bank of england raised concerns about the uk's financial stability. the international monetary fund predicted a sharp slowdown for the uk next year and problems around the globe. in short, the worst is yet to come and for many people 2023 will feel like a recession. new figures show the uk's unemployment rate has fallen to its lowest level in nearly 50 years amid a big increase in the number of people leaving the workforce. we will be looking at the figures. also on the programme — a date
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for the coronation of the king. charles iii will be crowned at westminster abbey on saturday may 6th. the nurse accused of murdering or attempting to murder 17 babies — a court is told a pattern had emerged of babies dying or collapsing when she was on duty. russia has launched more missile strikes against ukraine, hitting the western city of lviv, and zaporizhzhia in the south—east. and jamie oliver and the campaign for children from all families in england on universal credit to be allowed free school meals. and coming up on the bbc news channel... qualification and elimination from the champions league can be decided tonight. celtic need a win to stay alive in the competition as they host rb leipzig. good evening and welcome to the bbc news at six. it has been another turbulent day
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on the financial markets after a warning from the bank of england about the uk's financial stability. the chancellor, appearing before mps today, insisted that the government's tax cutting plans are the only way to boost growth. but the international monetary fund repeated criticism of his plans, saying there may be short term growth, but things would slow down dramatically next year. and imf also warned that the global economy is likely to face major challenges, with the worst still yet to come. here's our economics editor faisal islam. a sudden rise in interest rates is creeping across the economy, into mortgages and lending rates for companies. the source of the issue remains the market for uk government debt since the mini budget and so the bank of england has once again had to intervene to protect financial stability from a fire sale by some types of pensions. the new intervention did temper short—term borrowing rates, but the effective
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cost of borrowing over 30 years carried on rising. these rates remain higher than at the time of the mini budget. while two—year rates were down a little, existing rises are still filtering into mortgages. today the rate for a typical two year mortgage fixed shot up typical two year mortgage fixed shot up again. it is already now 6.5%. the chancellor in the commons today stuck to his mini budget plan despite challenges. lafit stuck to his mini budget plan despite challenges. last month we set out the — despite challenges. last month we set out the growth _ despite challenges. last month we set out the growth plan _ despite challenges. last month we set out the growth plan which - despite challenges. last month we set out the growth plan which willl set out the growth plan which will focus on breaking out of the high tax, low growth cycle that we were currently trapped in. this will put more money in people's pockets and raise living standards for all our people. raise living standards for all our --eole. �* ., . ., raise living standards for all our --eole. �* . . ., ., people. are the chancellor and the prime minister _ people. are the chancellor and the prime minister the _ people. are the chancellor and the prime minister the last _ people. are the chancellor and the prime minister the last people - people. are the chancellor and the prime minister the last people left| prime minister the last people left on earth _ prime minister the last people left on earth who actually think their plan is _ on earth who actually think their plan is working? just on earth who actually think their plan is working?— plan is working? just to pick up on a oint, plan is working? just to pick up on a point. the _ plan is working? just to pick up on a point. the imf— plan is working? just to pick up on a point, the imf said _ plan is working? just to pick up on a point, the imf said today the - plan is working? just to pick up on | a point, the imf said today the mini budget has increased the forecast for growth. fist budget has increased the forecast forarowth.�* , ., , for growth. at precisely the same
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time the chancellor _ for growth. at precisely the same time the chancellor was - for growth. at precisely the same time the chancellor was praising l for growth. at precisely the same i time the chancellor was praising the imf's time the chancellor was praising the imf�*s assessment of the uk economy, it was saying the rate shock started with the mini budget and suggested further reversals of its unfunded tax cuts would help solve the problem. b, tax cuts would help solve the roblem. �* . ., tax cuts would help solve the roblem. ~ . . m, problem. a change in the fiscal oli problem. a change in the fiscal policy would — problem. a change in the fiscal policy would change _ problem. a change in the fiscal policy would change the - policy would change the trajectory of industries going forward because an expansionary fiscal policy basically triggered a shift in expectations as to what monetary policy is going to do going forward. it is a rather mixed bag for the chancellor from the imf today. their new forecasts to stress the global nature of the energy shock that therefore affects the economies of germany and italy more than the uk, but here it is also clear that the extra instability in government debt markets that have required emergency action, that is the uk specific. the imf have reiterated the suggestion of further u—turns on government
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policy will stop the chancellor flies in shortly and he will also face questions from his fellow finance ministers. these extensive tax cuts for british workers and corporations against a backdrop of an energy shock could lead to the third highest borrowing since world war ii and the highest interest rate bills since 1950 according to a separate institute for fiscal studies forecast. so if the chancellor sticks to his guns the question remains, how to find tens of billions in spending cuts within three weeks that are both economically credible and politically viable. plenty here need to be convinced. faisal islam, bbc news, at the imf in washington. let's talk about pensions first. how concerned should people be about their pensions. this concerned should people be about their pensions.— their pensions. this is an extraordinary _ their pensions. this is an extraordinary amount - their pensions. this is an extraordinary amount of| their pensions. this is an _ extraordinary amount of intervention from the bank of england, but they are worrying so we don't have to. this is a relatively small number of
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pension funds that are affected. the measures should give them breathing space to build up those finances once again. the only concern is does the bank have to carry on helping out? in the meantime, those borrowing costs, our sign of heightened anxiety is and they remain indeed.— heightened anxiety is and they remain indeed. , ., ~ ., remain indeed. there is talk about mortua . es remain indeed. there is talk about mortgages because _ remain indeed. there is talk about mortgages because how— remain indeed. there is talk about mortgages because how long - remain indeed. there is talk about i mortgages because how long before those borrowing costs start to go down. , ., , ., ., ., down. investors are worried about the scale and _ down. investors are worried about the scale and the _ down. investors are worried about the scale and the feasibility - down. investors are worried about the scale and the feasibility of - down. investors are worried about the scale and the feasibility of the j the scale and the feasibility of the government's plans. we get the na next raft of measures from the chancellor on halloween and we have to see what tricks and treats he has then. but can he convince that he can boost growth? how will he pay for those tax cuts? can he start bringing the debt down? we may also see some signs of retreat as well. if the markets are not convinced, borrowing costs stay high and it is those households that will pay the price, and too many of us have that in the next year or so.
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the uk's unemployment rate has fallen to its lowest level in almost 50 years. it dropped to 3.5% over the summer. but the number of people leaving work force either through choice or long—term illness has hit a record high of more than niine million. our business editor simonjack reports. the good news is that the unemployment rate is at a 50 year low. the bad news is that means workers are harder to find, which is holding back companies like this bristol based waste management company. recruitment difficulties are making it harder to take on extra work, and it really limits our ability to grow, which we definitely want to grow. we have so much potential. they're struggling to hire, even after offering a 20% pay rise for some roles. that's not an option in the public sector, which is also struggling to recruit and where pay rises are below private company ofers and well below inflation. you've got your two days shifts of nine hours each.
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firefighter and union rep amanda mills, says she understands the attraction of higher paid, less riskyjobs. with our 5% pay offer that we've just been offered, people are wondering how they're going to make their wages stretch, and if they can get employment elsewhere that pays more, there is not much competition, unfortunately. although the percentage of those able and willing to work who are not in work has hit a 50 year low, that's partly because the number of people who aren't looking for work has grown to 9 million, a record 21.7% of working age people, and of that 9 million, 3.6 are between ages of 50—65. 69,000 of them are right here in bristol, and the council wants to help as many back into work as possible. that's 25% of that age group. well, that is a massive waste of talent and skill. it is a problem because that is such a large part of our population that is disengaged. and we have jobs that need doing. wages in the private sector
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and particularly in the public sector are not keeping pace with inflation, which means living standards are falling. but there's another problem. companies that can't find the workers can't do the work and certainly can't grow. that is a problem for a government who says they're number one objective is economic growth. brexit and covid saw hundreds of thousands of eu workers leave the uk, migration from non—eu countries has risen, but fewer of the new migrants are work ready according to economists. eu migrants tend to be employed at a rate of about 80%, non—eu migrants at about 60%. that means for a single increase in migration, you get less work ready people from the type of migration we are seeing into the uk at the moment. the number of vacancies has dipped from recent record highs, perhaps as more are financially forced back into work orfirms give up on hiring. but finding workers with the right skills remains a challenge for companies and the economy. simonjack, bbc news, bristol. let's join our deputy
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political editor vicki young, who's at westminster for us this evening. the chancellor has been taking questions from mps for the first time since his mini budget. what you make of the mood of the party right now? . . ., make of the mood of the party right now? ., . ., , , now? the chancellor himself being uuite now? the chancellor himself being quite careful— now? the chancellor himself being quite careful in _ now? the chancellor himself being quite careful in what _ now? the chancellor himself being quite careful in what he _ now? the chancellor himself being quite careful in what he says - quite careful in what he says because he knows it is notjust the markets but his own mps who need to have confidence in his plans. he talked about the country today having to live within its means. conservative mps and others are asking how are you going to do that? how will you make the numbers add up when you have announced all this extra borrowing? it is making his mps nervous. they were pointed questions from his side, raising some of those issues. one was saying was he going to pay for these tax cuts by taking from the poorest? 0thers cuts by taking from the poorest? others said he did not want them to be paid for by infrastructure in the north of england. 0thers be paid for by infrastructure in the north of england. others said would you consult with tory mps to make sure you can get this through the house of commons? a reference to the
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idea that benefits may not be operated in line with inflation, something they simply would not be able to get through the house of commons. the chancellor trying to take his party with him. every tory mp is being offered a one—to—one meeting with him. one thing that will get through tonight is that kattar national insurance, which labour backs, but the tory mps are warning him that not everything will get through that easily. buckingham palace has announced that the coronation of king charles iii will take place on saturday 6th may next year. the queen consort will be crowned alongside him. the queen consort will be crowned alongside him. the ceremony will be held at westminster abbey and will be led by the archbishop of canterbury. 0ur royal correspondent nicholas witchell reports. he's been king since the moment of his mother's death. charles was in ballater near balmoral today thanking local people for their support over recent weeks. alongside king charles, camilla, the queen consort. and they will be side by side in seven months' time to be crowned
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alongside each other at the coronation. archive: and now here comes her majesty. - injune 1953, queen elizabeth rode in a gold coach to her coronation. archive: her majesty moves to king edward's chair. it's an event which, while it's purely symbolic and constitutional terms, has a deep religious significance. god save the queen! it's a moment when a new monarch is crowned and consecrated, when a king or queen dedicates him or herself to the service of his or her people. for king charles, the coronation will be a blend, ancient traditions with a contemporary feel. in a statement, buckingham palace said...
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will britain at a time of homelessness and restricting benefits and energy prices going up really cheer to the rafters the site of a head of state riding in a golden coach? there are others who will say, that is just what we want. nearly 70 years after the grandeur of queen elizabeth's coronation, the crowning of king charles and queen camilla will be shorter, smaller and more diverse. a coronation, which in the words of the new kings officials, will reflect the britain and the world of today. and will there be a public holiday to celebrate? that's a matter for the government says the palace. nicholas witchell, bbc news. a court has been told that a nurse accused of murdering 7 babies was interrupted by the mother of one little boy when she arrived on the neonatal unit. 32—year—old lucy letby is accused of murdering five baby boys and two girls,
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and attempting to murder 10 others at the countess of chester hospital. she denies all the charges. 0ur north of england correspondentjudith moritz reports from manchester. lucy letby was qualified to work with the sickest of babies. but instead it is _ with the sickest of babies. but instead it is said she attacked them instead it is said she attacked them in their cots and their incubators in their cots and their incubators in their cots and their incubators in the special care unit. in the year betweenjune 2015 and june 2016, the babies were all patients in the neonatal section at the countess of chester maternity unit. today the prosecution continue to open its case at the crown court, detailing how each baby was attacked, and saying each pattern emerged and she was the only nurse present at each time. we are not reporting the names of the babies and their parents because of a restriction imposed by court order. we are referring to them as babies a to q. there were twin brothers born
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prematurely and they heard that one night their mother had gone from her bed on the postnatal ward to visit them on the neonatal unit. it was said that bbe was very distressed and bleeding from his mouth. without realising it she had interrupted lucy letby who was in the process of murdering her son. lucy letby who was in the process of murdering herson. leading lucy letby who was in the process of murdering her son. leading the prosecution, nickjohnson qc said the mother recalls lucy letby attempting to reassure her. thejury heard that lucy letby urged the baby's mother to return to her own bed, as if to say, trust me, i am a nurse. baby e died that night and the following day it is alleged lucy letby tried unsuccessfully to murder his twin brother. thejury letby tried unsuccessfully to murder his twin brother. the jury has also been told that the nurse tried to kill another baby, baby g, three times. the little girl survived but is now severely disabled with irreversible brain damage. it has
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been claimed that lucy letby had a very unusual interest in many of the babies' parents, searching for them repeatedly on facebook. the nurse denies all the charges he faces. the case will continue tomorrow. judith morris, bbc news, manchester. our top story this evening. another turbulent day on the financial markets amid more warnings, including from the bank of england, about the uk's economy. still to come, i am at hampden park where scotland's women must win against ireland if data get to the world cup. wales havejust kicked off in their play—off final. coming up in sportsday on the bbc news channel. wales are on the brink of history as they look to qualify for the women's world cup for the first time ever. scotland also closing in on a place in the finals.
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russia has launched missile strikes on ukranian cities for a second day. the united nations says the latest attacks appear to have targeted civilian infrastructure, and could therefore amount to war crimes. world leaders, meeting today as part of the g7 group, have confirmed their committment to provide military amd economic aid for ukraine for "as long as it takes". paul adams has the latest from kyiv. in kyiv, a day of welcome calm after yesterday's storm. air raid sirens did sound briefly, citizens heeding their government's warning to seek shelter. some heading for the metro. translation: we don't feel safe because we don't - know what's coming next. nevertheless, i hope that what happened yesterday was the scariest thing. translation: i'm not afraid because there i will be victory for ukraine, ukrainians, for all of our people. one of yesterday's missiles almost hit the city's famous pedestrian bridge. today, after getting the all clear,
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people came out to see what almost happened. this popular bridge isn'tjust a tourist attraction any more, it's not what the mayor calls a symbol of ukraine's indomitability. but while the people of the city had had a pretty quiet day on which to reflect on yesterday's events, it hasn't been the same in other parts of the country. in the southern city of zaporizhzhia, a car showroom was started earlier this morning. officials said 12 missiles were fired at the city. zaporizhzhia has been hit almost every day for the past two weeks. officials in other cities have been ordered not to release images of damage to power plants and other infrastructure. with winter coming, they know energy is a key russian target. this afternoon, president zelensky directly appealed to allies for help in dealing with missiles and drones. he thanked them for helping to secure ukraine's skies but said
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the threats kept coming and ukraine needed more. back in the capital, the clean—up continues. the government has told people here to be vigilant and conserve energy. in this war with many fronts, keeping warm make soon become the next battle. paul adams, bbc news kyiv. the head of the uk's gchq spy service says ukraine is turning the tide against russian forces. sirjeremy fleming says russia is running out of both ammunition and troops, but he warned against complacency saying russia was still "very capable" of causing damage. 0ur security correspodnent frank gardner has more. britain's biggest spy agency, gchq, is watching carefully the war in ukraine. without disclosing his sources, its director general believes russia is running out of weapons. we know and russian military commanders know that their
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supplies and munition are running out. russia's forces are exhausted. the use of prisoners as reinforcements, and now the mobilisation of tens of thousands of inexperienced conscripts speaks of a really desperate situation. ukraine has been coming under sustained russian missile attack from several directions, from the sea, from the air and across borders. the kalibr cruise missile is one of russia's most valuable precision guided weapons, and it's almost certainly running low on these. fired from a warship or a submarine, it can deliver a 500 kilograms warhead to a target hundreds of kilometres away with great accuracy. other weapons, though, are blunter. like this s—300 missile, designed to shoot down aircraft, it's been used against built up areas in cities all across ukraine. then there are these low tech tube launched rockets, many of them dating from the soviet era, not very accurate and prone to failure,
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but russia has a lot of them. so what evidence is there that we can access from open sources that russia might be running low on weapons like these? we know, for example, that the manufacturing missiles like that at the 3m 1a calibre, russia �*s more modern cruise missile, where around 100 a year, on average, before the war. and given that russia has used over 2000 cruise and ballistic missiles over the course of this war, its stockpiles are probably dwindling. but that's little consolation to those on the receiving end of these weapons. the more success ukraine has on the battlefield, the more russia inflicts punishment on the civilian population. frank gardner, bbc news. now a look at some other stories making the news today. the prime suspect in the disappearance of madeleine mccann has been charged in germany
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with unrelated sexual offences. christian brueckner, who's a convicted sex offender, is accused of five offences between 2000 and 2017 in portugal. german prosecutors say the investigation into her disappearance is ongoing separately. the funerals have taken place of two victims of the explosion that killed ten people in county donegal. masses were held at saint michael's church forjessica gallagher, who was 2a, and 49—year—old martin magill. an investigation is taking place into the cause of the explosion but police say it appears to have been an accident. funerals have been taking place in thailand for those killed when a former policeman went on a shooting rampage at a nursery last week. 37 people died in what it was one of the worst mass killings in the history of the country. us
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prosecutors have dropped all charges against a man from baltimore whose case where a sit —— famous pod cast cast doubt on his guilt. we serve 23 years in prison after he was convicted of the murder of his ex—girlfriend. his conviction was quashed last month. the uk's highest court has been asked to decide whether the scottish parliament can set up another independence referendum without the agreement of the westminster government. scotland's first minister nicola sturgeon wants to hold another vote next year but downing street says no. 0ur scotland editor james cook is here now. the first vote on independence was held on the 18th of september 2014 after downing street decided that holyrood should have the power to hold it. then, 55% of voters said n0 and 45% yes. but since then we've had brexit and a majority of msps now want another vote on the 19th
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of october next year. this time, though, the uk government says no. and so the political row has become a legal dispute, here at the supreme court in london, with the scottish government arguing that it's in the public interest to settle the matter. and the uk government saying the case is "abstract, hypothetical and premature". the five judges could take several months to issue their ruling. if they do say no to a second vote, scotland's first minister nicola sturgeon says she'll go to the people and treat the next general election as an independence referendum. her opponents say theyjust wouldn't accept that. but with the polls on independence split more or less down the middle, the issue looks set to dominate scottish politics for years to come,
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whatever the judges decide. the chefs jamie oliver and tom kerridge are among the famous faces calling on the government to allow children from all families in england on universal credit to have free school frees. jamie 0liver says extending the scheme would save households money and help to boost the economy. but ministers say using universal credit is not the best measure forfinding out who might need more help. 0ur midlands correspondent phil mackie reports from birmingham. lunchtime at this school, and not everyone can afford all they want. lunchtime at this school, and not everyone can jamie 0liver would be pleased with the quality of what's on offer, but he'd also find fewer of these children's parents to have to pay. currently, in england, if your household income is more than £7,a00 a year after tax and before benefits, your children are not entitled to a free school meal. there is a massive gap
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between the means test for free school lunches as it stands and universal credit. and i think what the government are saying is universal credit tethers off and can go up to 30—110 grand, but really, we are talking about the bulk of them being around £14,000 per household. this is more, she works two hours a day as a lunchtime supervisor. her husband works in a call centre and they have three children. they�* re on universal credit. it is like, for us, it is a lot. at least they can have every day a fresh school meal, so a free school meal for us, on low income or people who have no jobs or looking forjobs are really, really low income, it's for them. to give you an idea of how things might change, this school has got around 1000 children of whom half are currently eligible for free school meals. if it were extended to every family who is on universal credit, that number would jump by at least another 20%. the school already provides free breakfasts for around 150 children a day.
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and is about to provide a third meal after school for those who need it. i believe we are in a crisis with many, many families, but i think there's much more that can be done, and this level of government support that jamie oliver is talking about would be a huge help to that. but the government doesn't think it would be the fairest solution. i'm aware that people could be earning over £40,000 and still be on universal credit. i think it's important support is targeted. i'm not aware of any further changes that are being proposed to what happens today. the problem is the government may not have enough money either if it has to foot the bill for more free school meals. phil mackie, bbc news, birmingham. football, and both wales and scotland women have the chance to qualify for the world cup tonight. wales are playing switzerland, while scotland take on the republic of ireland in their play—off finals. however, a win won't guarantee a place at next year's tournament. jane dougall is at hampden for us. jane, it's not straightforward?
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it is not. but putting it simply, both scotland women and wales women have to do winter night otherwise they are out and they have to hope that other results go their way. wales are playing switzerland in zurich as we speak and after 25 minutes it is 1—0 to wales. they have never qualified for a major tournament before so this is nerve—racking for them and as for scotland, they take on the republic of ireland at hampden park in the later match and will have to win if they want to stand any chance of getting to the world cup. it is expected to be another record crowd for a competitive women's match here stop but even if scotland and wales to win their matches, neither are guaranteed a place at the world cup. there are three play—off matches tonight and two of the winners will automatically get through, but that is only dependent on their rankings. the third winner will have to go to
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another play—off which will take place in february in new zealand, so it is completed, but if it means getting to a world cup, worth it. thank you. time for a look at the weather, here's nick miller. lovely sunshine this morning. gorgeous sunshine to start the day and a nice view of that from sorry but autumn has two sides to it, it is the chili, bright, quiet side that many of us out first thing and even a bit of frost in parts of southern england but there is the other side, the windy side and that will come back later this week and into the weekend. after the fine start this morning with the sunshine towards the north and west of the uk, there are outbreaks of rain moving in across northern ireland and western scotland. here is what is doing that, low pressure and the trailing weather front comes in and across as we go through the next 24 hours or so. it is northern ireland
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and scotland getting into some of the rain throughout the night. glasgow will see the rain, heavy rain, but not until the match has finished and that is after midnight. some patchy rain in north—west england and wales later on. a mild night for many and for east anglia and the south—east clearing off long enough overnight for temperatures to fall to freezing in a few spots before a mainly cloudy and dry day and it will be the evening before rain gets in here but in england and wales, claudia, breezy, outbreaks of rain moving south, clearing from scotland as it brightens up and you might catch a shower, but most places won't. ahead of the area of patchy, showery rain at around 18 degrees in london and 15 in aberdeen. tomorrow evening, patchy rain reaching towards the south—east but elsewhere it is clearing up and that means a chilly, bright, quiet start on thursday morning with may be a touch of frost across northern areas and then on thursday southern england might see a little rain and
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the northern extent is uncertain but another weather system feeds rain back into northern and western parts of scotland. i mention the other side of the autumn weather, the windy aside and by

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