The UK tax cut and pound U-turn

SoftBank founder Masayoshi Son is seeking to raise as much as $100bn from Gulf investors to further his massive bet on AI, the Flydubai co-pilot who tried to hijack a flight to Tel Aviv expressed misogynistic views online, and Donald Trump has said Washington will not strike Iran ...  Show more

Oil executives expressed their appetite for investing in the Middle East despite the war, the conflict has blown a near-£12bn hole in Britain’s public finances, and big investors are “bottom fishing” among beaten-down assets, including Italian bonds and corporate debt. Plus, Chin ...  Show more

The government has U-turned on plans to scrap the 45p rate of income tax for higher earners, a day after the prime minister committed to them.Chris and Adam are in Birmingham for the Conservative party conference, where Kwasi Kwarteng defended economic plans but admitted there ha ...  Show more

The Prime Minister has announced another U-turn in her government's tax-cut plan, in an effort to reassure financial markets. Liz Truss says she will reverse her plan to scrap an increase in corporation tax and admits the government's mini-budget had gone "faster and further" ...

We start with that huge bailout package for struggling families announced by the chancellor and the controversial taxes he raised to fund it - a £5bn windfall tax on energy companies with more to come.

The FT’s economics correspondent Delphine Strauss ...

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) China’s central bank lowered the interest rate charged on its one-year policy loans by the most on record, kicking off a sweeping program to revive confidence in the world’s second-large ...  Show more