05/08/2011 BBC News at Six


05/08/2011

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More falls on the financial markets as fears about the global economic

:00:07.:00:11.

outlook continue. Europe's debt crisis casts a shadow over trading

:00:11.:00:17.

amid concerns about a new credit crunch. But investors are urged not

:00:17.:00:25.

to panic. I would in fact encourage now everybody to stay calm and

:00:25.:00:30.

breathe deeply. And see that the economic recovery is going on.

:00:30.:00:33.

In the United States, a better than expected report on jobs brings some

:00:33.:00:38.

relief but there are still fears of a double dip recession.

:00:38.:00:41.

The economic picture is a challenge for European leaders. Some are

:00:41.:00:44.

forced to interrupt their summer holidays to deal with the crisis.

:00:44.:00:48.

Also on tonight's programme: A British teenager is killed by a

:00:48.:00:51.

polar bear in northern Norway. Those on the trip with the 17-year

:00:51.:00:58.

old say they were prepared for the risk. We had flares that we shot at

:00:58.:01:03.

them to shoot at them, make lots of noise, because shooting is a last

:01:03.:01:05.

resort. The simple test that could be a

:01:05.:01:07.

lifesaver. A groundbreaking study suggests all newborns should be

:01:08.:01:15.

screened for heart defects. And opening night at the Fringe. We

:01:15.:01:23.

meet the veterans and the young hopefuls at Edinburgh this year. I

:01:23.:01:27.

will be here with sports day later in the are on the BBC News channel

:01:27.:01:32.

including a look ahead to the new champions season and a brand new

:01:32.:01:42.
:01:42.:01:52.

Good evening. Welcome to the BBC News at Six.

:01:52.:01:55.

It's been another tense day on the world's stock markets with more

:01:55.:02:00.

losses caused by fears about debt and stagnant growth. Despite better

:02:00.:02:03.

than expected jobs figures from the United States, and an appeal from

:02:03.:02:08.

the EU to stay calm, the share sell-off continued today. In a

:02:08.:02:11.

moment we will be analysing the reasons behind the instability. But

:02:11.:02:14.

first our Business Editor Robert Peston on another day of market

:02:14.:02:23.

turmoil. 24 hours of turmoil on markets.

:02:23.:02:26.

Share prices plunged yesterday in Germany and the rest of Europe

:02:26.:02:31.

infecting the Americans, Brazil and the USA. Overnight, it spread to

:02:31.:02:35.

Asia, Japan, China, Hong Kong, Singapore and then back to Europe

:02:36.:02:40.

and the UK today. Almost three trillion pounds wiped off shares

:02:40.:02:45.

worldwide. The crisis was triggered by growing fears that Italy and

:02:45.:02:49.

Spain would be unable to repay their debts. It led to a rise in

:02:49.:02:54.

their borrowing costs. That for a brief moment was stemmed on July

:02:54.:02:57.

21st when the government said they would agree a new support package

:02:57.:03:01.

but the fears of investors and creditors revived and Italy and

:03:02.:03:07.

Spain's borrowing costs rose to dangerous levels. I would encourage

:03:07.:03:12.

now anybody to stay calm and breathe deeply. And see that the

:03:12.:03:18.

economic recovery is going on. It's important that we protect ourselves

:03:18.:03:22.

from the turbulence. This work is going on day and night. It's

:03:22.:03:26.

tempting to see this as having very little relevance to most of us, but

:03:26.:03:31.

they directly affect our pensions and they may say a good deal about

:03:31.:03:37.

the confidence of companies to invest and create jobs. When bank

:03:37.:03:40.

shares for it could tell you about their ability to borrow and when

:03:40.:03:44.

they can't borrow they find it hard to lend and when they can't lend,

:03:44.:03:50.

the economy weakens. This afternoon there was a brief recovery in share

:03:50.:03:53.

prices after US unemployment figures turned out to be better

:03:53.:03:58.

than feared. But the respite was short-lived. What I want the

:03:59.:04:01.

American people and our partners around the world to know is this.

:04:02.:04:06.

We will get through this. Things will get better. We are going to

:04:06.:04:12.

get it together. If the problem is the excessive debt of which Western

:04:12.:04:18.

countries, is there a painless solution? No, I'm afraid. What it

:04:18.:04:21.

amounts to his people will have to accept that governments will be

:04:21.:04:26.

smaller, and will spend less, so there will be less public sector

:04:26.:04:30.

employment, fewer jobs in the public sector, and less expenditure

:04:30.:04:34.

on things like health care and pensions and education. Bank shares

:04:34.:04:39.

have been particularly badly hit with Barclays Bank down 17%, of

:04:39.:04:45.

Bank of Scotland, 20%, and Lloyds Bank, 24% down. Today while Bank of

:04:45.:04:50.

Scotland said it was back in their red to �1.4 billion for the first

:04:50.:04:53.

six months of the year because of losses of more than �800 million on

:04:53.:04:58.

its loans to Greece. How bad can it get? It we would be stupid not to

:04:58.:05:02.

be cautious and alert to the sick of it and risks out there which can

:05:02.:05:06.

turn bad, but I think the probability is that the world does

:05:06.:05:10.

not turn overnight from a place which is slowly recovering to a

:05:10.:05:17.

place which is a disaster area. Commodities markets fall in lead,

:05:17.:05:23.

copper zinc and a turn say we or risk being burned in the white heat

:05:23.:05:26.

of markets. Well, the fears over Italian and

:05:26.:05:29.

Spanish debt have cast a particular chill over investors, despite the

:05:29.:05:32.

EU insisting that neither economy needs a bail-out. There is now a

:05:32.:05:36.

combination of worries on both sides of the Atlantic. And concern

:05:36.:05:40.

that the political leadership in Europe isn't acting decisively. Our

:05:40.:05:42.

Economics Editor Stephanie Flanders looks now at the growing financial

:05:42.:05:48.

fears. You might wonder why the markets

:05:48.:05:53.

are panicking right now? After all, didn't we have good news America

:05:53.:05:57.

wasn't going to default on its debt? Investors aren't just worried

:05:57.:06:02.

about that, but worried about growth. The .. Concern is there but

:06:02.:06:08.

the bigger problem is a broader sense that the pace of recovery is

:06:08.:06:12.

unusually weak compared with the past. It's the biggest in the post-

:06:12.:06:16.

war period by a considerable margin and the underlying problem is to do

:06:16.:06:20.

with debt and the fact, whether it's in the private, corporate

:06:20.:06:25.

sector, public sector, everyone is trying to repay their debts. In the

:06:25.:06:29.

eurozone, fear of slow growth has fuelled fears of a level of

:06:29.:06:33.

government debt of. Investors worry if Italy and Spain can't grow, they

:06:33.:06:38.

won't be able to control their borrowing and because they are all

:06:38.:06:41.

tied together by a single currency, the problems of individual

:06:41.:06:45.

countries have turned into a problem for everyone. So what can

:06:45.:06:50.

world leaders do to stem the panic? They might want to rethink their

:06:50.:06:53.

holiday plans for a start. The leaders of France, Germany and

:06:53.:06:57.

Italy are away from their desks, though David Cameron interrupted

:06:57.:07:00.

his break today to chat with the Governor of the Bank of England.

:07:00.:07:05.

What in the world can they do about this? If it continues, the central

:07:05.:07:09.

banks may act. The European Central Bank is under pressure to support

:07:09.:07:14.

countries by buying more of their debt. If that the USA recovery

:07:14.:07:17.

stumbles you may see their central bank pumping more money into the

:07:17.:07:23.

economy. And what can government in the eurozone do? Well, we could see

:07:23.:07:27.

them off on a budget cuts, which could happen in Italy. What

:07:27.:07:31.

investors want to see is all countries acting together to create

:07:31.:07:36.

a bigger bail-out fund perhaps. And maybe even guaranteeing troubled

:07:36.:07:43.

country's debts. These are steps Germany refused to take. You might

:07:43.:07:47.

wonder what this means for us in Britain. After all, we didn't sign

:07:47.:07:51.

up for the euro. But we are fully paid-up members of the global

:07:51.:07:57.

economy. No country is immune from these problems. Clearly, there are

:07:57.:08:01.

global financial market problems here. But we, in Britain, are not

:08:01.:08:04.

in the firing line of these problems because of the difficult

:08:04.:08:08.

decisions we have taken over the last year to bring spending under

:08:08.:08:13.

control, to bring down borrowing, controlled debtor. We are able to

:08:13.:08:16.

borrow at low rates of interest because the financial markets have

:08:16.:08:20.

confidence in what we're doing. is true, the market are not so

:08:20.:08:25.

worried about Britain's debt, but another reason our costs are low is

:08:25.:08:29.

because investors are worried about growth here as well. Our recovery

:08:29.:08:33.

hopes are pinned on banks' lending more and companies exporting more.

:08:33.:08:37.

None of that would happen if the worries in the last few days get

:08:37.:08:40.

out of hand. Let's get more reaction now. In a

:08:40.:08:43.

moment, our North America Editor Mark Mardell. But first to Brussels

:08:43.:08:47.

and our Europe Editor Gavin Hewitt. All this talk about Italy and Spain

:08:47.:08:51.

is continuing. How much pressure do think leaders are under to do

:08:51.:08:56.

something decisive about this? they are under huge pressure. Two

:08:56.:09:00.

weeks ago they leapt at a summit believing they had done enough for

:09:00.:09:05.

them to go away on holiday. They expand the powers of their main a

:09:05.:09:09.

rescue fund and then along came Italy. Under pressure. A country of

:09:10.:09:15.

low growth and high debt. 1.6 trillion pounds, too big to be

:09:15.:09:21.

bailed out, so the question was, what is the plan? Some say the

:09:21.:09:26.

rescue plan, it will have to be expanded again. Others say what

:09:26.:09:30.

Europe needs is for all its debts to be put together in a common

:09:30.:09:34.

European debt, but the Germans don't like that one bit. An example

:09:34.:09:39.

of how complicated this is. I'm getting the impression tonight of

:09:39.:09:43.

European leaders scrambling to come up with a plan. There are phone-

:09:43.:09:47.

calls going on for the David Cameron got involved, talking to

:09:47.:09:51.

Angela Merkel and just about now, the Italian prime minister Silvio

:09:51.:09:54.

Berlusconi will have to hold a press conference. He is under

:09:54.:09:58.

pressure to convince the markets that he is serious about bringing

:09:58.:10:03.

forward austerity measures now and if he does that, he might get some

:10:03.:10:07.

support from the European Central Bank, but this is a very messy

:10:07.:10:12.

situation here in Europe. On your side of pedantic, we had jobs

:10:12.:10:16.

figures out today which were a relief to many investors. -- on

:10:16.:10:20.

your side of the Atlantic. Does it mean there is light at the end of

:10:20.:10:24.

the tunnel? People were braced for a really bad figures and did not

:10:24.:10:29.

get that. It tells you something when an unemployment rate of 9.1%,

:10:29.:10:33.

hardly moving at all, is considered good news. People are looking for

:10:34.:10:37.

tell-tale signs that they might be another recession, and that is why

:10:37.:10:41.

it was a relief it didn't give but evidence but there is hardly any

:10:41.:10:45.

growth in the American economy at all. That is the underlying problem.

:10:45.:10:49.

Barack Obama said things will get better but I didn't hear any new

:10:49.:10:53.

policies from him. No reasons why things should get better. The

:10:53.:10:57.

economy is very fragile. There is not much politicians can do except

:10:57.:11:05.

watch and wait for the thanks to you both. And there's more on the

:11:05.:11:09.

crisis and what it might mean for you in a special section of the BBC

:11:09.:11:12.

website. A 17-year-old British tourist has

:11:12.:11:17.

been killed by a polar bear in the Norwegian Arctic. He has been named

:11:17.:11:21.

as Horatio Chapple, a pupil from Eton College who was from Sailsbury.

:11:21.:11:24.

Four others were injured in the attack on a camp in the Svalbard

:11:24.:11:27.

Islands in northern Norway. The injured have been flown by air

:11:27.:11:36.

ambulance to Tromso. Bridget Kendall reports.

:11:36.:11:40.

Airlifting casualties to hospital from the remote archipelago of

:11:41.:11:45.

Svalbard in northern Norway. It won a British 17-year-old dead, four

:11:45.:11:50.

members of the group injured. Two of them severely. An expedition of

:11:50.:11:54.

British students on an Arctic camping adventure of a lifetime. It

:11:54.:12:00.

turned into a tragedy. It is the chance of seeing a polar bear in

:12:00.:12:04.

their natural habitat which is one of the top attractions of trips

:12:04.:12:09.

here. Nearly 3,000 polar bears roaming wild admits the stunning

:12:09.:12:17.

landscape. The expedition at website talks of an arctic

:12:17.:12:20.

adventure of sea ice and the polar bears they were dreaming of seeing,

:12:20.:12:24.

but they got too close and the attack, it seems, came this morning

:12:24.:12:29.

while they were camped out on a remote glacier. Having spoken to

:12:29.:12:34.

the family, we are now able to advise the young explorer who died

:12:34.:12:42.

this morning is Horatio Chapple. He was a fine young man. He was hoping

:12:42.:12:47.

to go on to read medicine after school. The British Schools

:12:47.:12:50.

exploring Society that organise the trip is based here in central

:12:50.:12:54.

London. Their expeditions are void and people in their late teens and

:12:54.:12:59.

early twenties for an experience of self-discovery in some of the

:12:59.:13:04.

world's last true wildernesses. Holidays to zones like Svalbard,

:13:04.:13:09.

where polar bears roam free, are dangerous. This boy flew home early

:13:09.:13:16.

because of frostbite. He says they had training. They taught us to use

:13:16.:13:20.

rifles and Fuller's pub every night we set them up around the camp and

:13:20.:13:28.

had wires along it. -- flares. We had an empty shotgun round and made

:13:28.:13:32.

a loud bang and it's supposed to scare away the polar bears. It's

:13:32.:13:35.

not clear what went on this morning but as polar bear habitats are

:13:35.:13:41.

melting, encounters with humans are getting more common. If the ice has

:13:41.:13:44.

gone away from the land and there is a lot of open water, they would

:13:44.:13:47.

have to stay on the land and they get very, very hungry. There's

:13:47.:13:52.

nothing for them to beat. Britain's ambassador and the chief executive

:13:52.:13:55.

of the travel company are under way to northern Norway were the injured

:13:55.:13:58.

are being treated. The circumstances are being

:13:58.:14:03.

investigated. It's almost 6:15pm.

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Our top story tonight. More falls on the financial markets as fears

:14:06.:14:11.

about the global economic outlook continue.

:14:11.:14:15.

How many comedians can there be? We are live at the Edinburgh Festival

:14:15.:14:23.

at the Assembly gardens. Kevin is one of 430 comedians. I will be

:14:23.:14:26.

here with sports day later on the BBC News channel including a close

:14:26.:14:30.

look at this weekend's rugby union international with so much to play

:14:30.:14:40.
:14:40.:14:45.

for. The World Cup is one month Could one simple test be

:14:45.:14:49.

potentially life-saving for newborn babies with heart defects?

:14:49.:14:53.

Scientists are now recommending routine screening after a

:14:53.:14:57.

successful study involving thousands of babies in the West

:14:57.:15:00.

Midlands. A painless test which measures oxygen levels and a baby's

:15:00.:15:05.

blood, could alert doctors to heart problems which would otherwise be

:15:05.:15:09.

missed. We can go live to Birmingham Women's Hospital and our

:15:09.:15:12.

health correspondent, Branwen Jeffreys.

:15:12.:15:16.

All newborn babies get routine tests and normally they heart would

:15:16.:15:21.

be listened to by a stethoscope. This study suggests this simple

:15:21.:15:26.

monitor used by midwives could pick up far more heart problems.

:15:26.:15:31.

Just born, tiny and perfect and about to be woken for a simple test.

:15:31.:15:37.

I am going to do the baby's oxygen levels. A monitor on the for it

:15:37.:15:41.

shows how much oxygen is in the blood. A low level could be a

:15:41.:15:45.

warning sign of possible heart problems. Athena's reading is that

:15:45.:15:50.

a healthy level. Anything much lower and doctors would immediately

:15:50.:15:57.

asked for eight detailed scan of the heart. That is what happened

:15:57.:16:01.

with Sam. He is now a happy, healthy three-year-old but the test

:16:01.:16:06.

picked up a serious problem. It meant he could have life-saving

:16:06.:16:11.

keyhole surgery where he was just a few days old. Luckily, they picked

:16:11.:16:16.

it up really quickly. They did the test and it progressed quickly to

:16:16.:16:20.

the paediatrician down to the intensive care unit in the

:16:20.:16:23.

children's hospital. It happened really quickly. If it had not been

:16:23.:16:28.

done, who knows when it would have been picked up? This study into

:16:28.:16:34.

heart defects in babies is the largest of its kind. Around one in

:16:34.:16:39.

145 babies are born with some kind of hard problem. Up to 50 % are

:16:39.:16:45.

detected in pregnancy when the mum has an ultrasound. The research in

:16:45.:16:48.

today's Lancet says 92 % would be found if a blood oxygen test was

:16:48.:16:54.

also carried out on all newborn babies. That is why the research

:16:54.:16:58.

here is attracting interest from around the world. It is not very

:16:58.:17:04.

common but it can be very serious, it can be devastating. It is a

:17:04.:17:07.

common list form of death in infancy from a congenital

:17:07.:17:12.

malformations and it is one of the leading causes of Infant Death in

:17:12.:17:18.

the developed world. Because of a difference it has made to children

:17:18.:17:23.

like Sam, the hospital has already adopted this Test and as it is

:17:23.:17:26.

simple and cheap, there are hopes that it might be introduced across

:17:26.:17:31.

the UK. That decision will be made by

:17:31.:17:35.

experts who advise the government on screening programmes. They will

:17:35.:17:41.

get a full report on this research later this year.

:17:41.:17:45.

The energy company, E.on, has said it will increase its gas and

:17:45.:17:49.

electricity prices. Gas will go up by 18 % while a electricity is set

:17:49.:17:55.

to rise by 11 % from next month. If E.on is the 4th of the Big Six

:17:55.:17:58.

supplies to raise prices. One of the three people jailed over

:17:58.:18:01.

the death of baby Peter Connolly has been freed from prison after

:18:01.:18:07.

serving half of his sentence. Jason Owen was jailed for six years in

:18:07.:18:12.

May 2009 for causing or allowing the death of the 17 month-old.

:18:12.:18:15.

The Libyan government has denied reports that one of Colonel

:18:15.:18:20.

Gaddafi's sons has been killed in a NATO air strike. It is the second

:18:20.:18:23.

time this year that Khamis Gaddafi has been reported killed. It comes

:18:23.:18:28.

as fierce clashes continue between pro-Gadaffi forces and rebel

:18:28.:18:32.

fighters. In western Libya, they say they are running dangerously

:18:32.:18:37.

low on ammunition. Despite this, the rebels say they have taken new

:18:37.:18:44.

ground. Orla Guerin reports. Coming to bury a mother and her two

:18:44.:18:50.

young children. Victims of a NATO air strike, the regime claims. It

:18:50.:18:54.

brought journalists to Zlitan to witness their funerals. NATO says

:18:54.:19:00.

it hit a command and control centre but it is looking for more details.

:19:00.:19:03.

In the town centre, there was quiet. It is still under government

:19:03.:19:12.

control. But the rebels are battling to change that. For two

:19:12.:19:17.

month they have been advancing on Zlitan. The furthest they have got

:19:17.:19:23.

is the suburbs. And they have needed plenty of help from above.

:19:23.:19:28.

This is one of the latest air strikes by the RAF which has been

:19:28.:19:33.

pounding targets in and around the town, destroying some of the

:19:33.:19:39.

regime's concealed weapons. At the front line, we found this rebel

:19:39.:19:43.

brigade resting during a lull in the fighting. A source told us the

:19:43.:19:48.

rebels cannot advance much further because they are dangerously low on

:19:48.:19:54.

ammunition. This amateur army is running on empty. The fight is here

:19:54.:19:59.

say they still have to rely on a lot of home-made improvised weapons,

:19:59.:20:02.

like this anti-tank gun which has been altered to a pick-up truck.

:20:02.:20:07.

They have managed to capture some arms from Colonel Gaddafi's forces.

:20:07.:20:11.

They took this anti-aircraft gun about a week ago but they said they

:20:11.:20:15.

often run short of ammunition, sometimes they have to wait for

:20:15.:20:19.

days to be resupplied and at times, there have been down to their last

:20:19.:20:27.

box of bullets. TRANSLATION: Well, what can I say? Our ammunition

:20:27.:20:35.

could run out any time now. I have made enough for one or two days.

:20:35.:20:40.

The commander took me to a lookout post, to get a rare glimpse of

:20:40.:20:45.

Colonel Gaddafi's men. Their way across the sand dunes, about two

:20:45.:20:50.

kilometres away, visible with binoculars and perhaps, watching us,

:20:50.:20:55.

too. The rebels want to flush them out so they can push on towards

:20:55.:21:01.

Tripoli. The capital is just an hour and a half's drive away, a

:21:01.:21:05.

tantalising prospect. But the fighters say, to get there, the

:21:05.:21:13.

least they need is bullets. At a care group which provides

:21:13.:21:16.

services for people with learning difficulties in Scotland and the

:21:16.:21:21.

North of England has gone into administration. Choices Care

:21:21.:21:25.

employers 1,400 staff and looks after 800 people. The

:21:25.:21:28.

administrators say they have sold part of the business, safeguarding

:21:28.:21:32.

500 jobs and providing continuity of some services.

:21:32.:21:35.

Are just two weeks after bidding farewell to its manned space

:21:35.:21:43.

programme, NASA has launched an ambitious new mission. Ignition and

:21:43.:21:48.

left of. This time it is a solar- powered spacecraft called Juno

:21:48.:21:52.

which is now on reached to Jupiter. The scientists hope the mission

:21:52.:21:56.

will give them a greater understanding about how planets,

:21:56.:22:01.

including the Earth, were formed. The journey will take five years.

:22:01.:22:06.

The curtain is about to go up on the country's largest arts festival.

:22:06.:22:10.

It is opening night at the Edinburgh Fringe. Once again,

:22:10.:22:16.

comedians are the main draw. 600 comedy acts will take to the stage.

:22:16.:22:20.

David Sillitoe is inside one Edinburgh venue.

:22:20.:22:26.

It is one of the strangest and newest and venues. This is in the

:22:26.:22:30.

heart of Edinburgh. It is a giant inflatable sculpture. While the

:22:30.:22:36.

rest of the economy were -- may be struggling with growth, the

:22:36.:22:39.

Edinburgh Festival gets bigger and bigger every year, especially

:22:39.:22:44.

comedy. The biggest arts festival in the

:22:44.:22:48.

world is bigger than ever. And it is rather daunting for a new

:22:48.:22:54.

comedian. This is Jessica Forteskew, her venue is called the Wee Room.

:22:54.:23:00.

She knows she will lose money. have done comedy for three years

:23:00.:23:06.

now. I feel like I have finished my A-levels and now I am paying to go

:23:06.:23:13.

to university. You will lose thousands? Yes. Yes! You sound like

:23:13.:23:19.

my parents! It is really hard to justified to anyone who is not a

:23:20.:23:24.

comedian but you have got to do it. There are now more than 2000

:23:24.:23:27.

working comedians in Britain and even the established ones will come

:23:27.:23:32.

here to sell a new show, especially when it is a departure from the

:23:32.:23:38.

norm such as Ruby Wax's looking at the topic of mental illness.

:23:38.:23:41.

wanted tour around the world and we are presenting it like the buffet

:23:41.:23:50.

for people to say I would like it in Korea or Japan. Pick a card. I

:23:50.:23:56.

will call way. Back when his Paul Daniels was just beginning on card

:23:56.:24:01.

tricks, the French really was a fringe event. Now 30 years on, he

:24:01.:24:09.

is now a devotee -- the fringe. am so in love with Edinburgh and so

:24:09.:24:13.

in love with the Fringe. It is a great place to be. I have chatted

:24:13.:24:21.

with Dave Gorman, Bobby Crush, Lorraine Chase and a metre. --

:24:21.:24:27.

Anita. Everybody is here. So there it is, the Edinburgh Fringe,

:24:28.:24:32.

University come trade show, come holiday camp for Britain's

:24:32.:24:36.

comedians young and old. And the card? I did not take my finger off

:24:36.:24:42.

it. How does he do that? Utterly baffling. We are outside

:24:42.:24:47.

now and you can see the crowds are here for opening night. There is

:24:47.:24:50.

one reflection, there is a bit less money around, this year, more than

:24:50.:24:56.

600 of the shows are free. It looked very nice in Edinburgh,

:24:56.:25:05.

let's have a look at the weekend There will be rain in Edinburgh

:25:05.:25:08.

this weekend for sure and for all of us, it will be a cooler weekend

:25:08.:25:12.

and there will be some rain around as well. Not the nice weather that

:25:12.:25:20.

we had today. Gradually, the trend will be for it to cloud up from the

:25:20.:25:25.

West. One or two showers breaking up from the end of the night. A

:25:25.:25:32.

loss of humidity. It might start off bright way you are. The trend

:25:32.:25:38.

to cloud things up will continue. Don't take Kiditel to victory but

:25:38.:25:43.

things will deteriorate and showers will become quite widespread --

:25:43.:25:48.

don't take the detail too literally. Northern Ireland will hang on to

:25:48.:25:54.

some brightness in the afternoon. One or two showers across Wales and

:25:54.:25:59.

a good deal of cloud. The temperatures will be in the mid- to

:25:59.:26:04.

high teens. Some showers will be heavy and prolonged. There will be

:26:04.:26:10.

a breeze for the sailors at the start of Cowes Week. Some

:26:10.:26:17.

brightness in south-east England, East Anglia and the Midlands. We

:26:18.:26:22.

run into trouble in northern England. Here, the rain will turn

:26:22.:26:26.

heavier and more persistent and potentially, a prolonged spell of

:26:26.:26:31.

wet weather moving its way slowly northwards into south-east and

:26:31.:26:36.

Scotland. This could cause some problems. We could see 20 to 30 mm

:26:36.:26:45.

of rain widely and locally, if not 50 millilitres -- mm. On Sunday, it

:26:45.:26:53.

is more of the same. In the best of the brightness, high teens, low

:26:53.:27:02.

twenties. For most of us, not a A reminder of to a's main news:

:27:02.:27:05.

Stock markets around the world remain volatile with increasing

:27:05.:27:09.

fears that the economy could slip back into recession. Before we go,

:27:09.:27:14.

we can get a final word with Robert Peston. It has been such a bruising

:27:14.:27:20.

week, where should - and where will this leave us? We should certainly

:27:20.:27:25.

be concerned because the underlying cause of the market turmoil is

:27:25.:27:30.

something that is serious and worrying. It is a combination of

:27:30.:27:36.

two factors. One is fears that the weak recovery of the economies in

:27:36.:27:41.

the rich West, that recovery will get even weaker and also that a

:27:41.:27:44.

number of eurozone countries, indebted eurozone countries, Italy

:27:44.:27:49.

and Spain in particular, they will have growing difficulties repaying

:27:49.:27:54.

their debts. The problem is when investors and creditors start have

:27:54.:27:58.

their concerns, they can be self- fulfilling because it becomes even

:27:58.:28:02.

more expensive for countries like Italy and Spain to borrow. It

:28:02.:28:06.

becomes more expensive for banks to borrow. It becomes more expensive

:28:06.:28:11.

for companies to borrow and you get into this cycle of decline of lower

:28:11.:28:16.

investment, low a confidence. The have got to get out of this cycle

:28:16.:28:23.

of fear. Some measures may be taken pretty soon. We expect the Prime

:28:23.:28:26.

Minister of Italy to make a statement this evening, saying he

:28:27.:28:32.

is taking steps to reduce the deficit in Italy, to start of

:28:32.:28:38.

perhaps paying down their large debt over time. That make his lead

:28:38.:28:42.

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