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Newsday: 14/10/2022 05:06 GMT : UK Chancellor hints at budget U-turn

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14/10/2022 05:06 GMT 

14/10/2022 05:06 GMT : UK Chancellor hints at budget U-turn

UK Chancellor hints at budget U-turn

BBC World Service - Newsday, UK Chancellor hints at budget U-turn

Kwasi Kwarteng cut short IMF meeting in US

The pound and government bonds have rallied at rumours of a change of heart on tax

The British finance minister, Kwasi Kwarteng, has cut short his visit to the International Monetary Fund in Washington as pressure mounts on the UK government to reverse parts of its tax-cutting mini-budget, following turmoil in the financial markets.

The European Union has agreed to impose new sanctions on Iran after a deadly crackdown on recent protests over the death of Mahsa Amini.

And former US president Donald Trump has dismissed the vote by a Congressional Committee ordering him to give evidence about the storming of the Capitol building in Washington last year.

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14/10/2022 05:06 GMT : UK Chancellor hints at budget U-turn

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