the islamic republic, as protesters again take to the streets. and the actor robbie coltrane, who played hagrid in the harry potter films, has died aged 72. welcome and thank you. less than 2a hours after kwasi kwarteng insisted he was 100% safe in his job as uk chancellor, he has gone sacked by liz truss after he flew back early from washington. in a day of political drama, the prime minister also reversed another of her key tax policies in an attempt to calm the financial markets. our political editor, chris mason reports. turning up for another u turn, the prime minister invited reporters to downing street this afternoon and scrapped one of her key policies that she s championed for months. it is clear that parts of our mini budget went further and faster than markets were expecting, so the way we are delivering our mission right now has to change. i have therefore decided to keep the increase in corporation tax that was planned by the previous government. this will rais
this is bbc news the headlines. britain s prime minister has abandoned another key tax cutting proposal. liz truss says a rise in corporation tax will now go ahead. the decision has failed to immediately reassure financial markets. the pound sterling dropped against the dollar and interest rates on long term uk government bonds have risen again. it follows her earlier decision to sack her chancellor kwasi kwarteng. he was recalled from washington to be replaced by the more centristjeremy hunt britain s fourth chancellor in a year. the labour party said the government was in meltdown and it was time for a general election. iran s supreme leader ayatollah ali khamenei has said that no one should dare think they can overturn the islamic republic as anti government protests enter a fifth week.