and misconduct. the mayor of kyiv says that russian strikes on the city this morning have killed one person and wounded three others. good morning and welcome to bbc news. the uk s new chancellorjeremy hunt is to deliver an emergency statement on the british economyjust after 11 o clock this morning, bringing forward measures a fortnight earlier than expected. it s expected there ll be a delay in the plan to cut the basic rate of income tax from 20p to 19p, that would be yet another u turn from the mini budget that caused such turmoil on financial markets. with me now as our chief political correspondent. he is waiting in the wings to talk to me. let me round up, because an hour or so we are expecting to hear from the chancellor, he is going to be making that statement and we are expecting pretty much everything in the mini budgets to be pulled back, except for the national insurance increase, the national insurance cut because that has already been legislated for, obviously
britain s new prime minister, rishi sunak, has moved into number ten and spent most of the day appointing senior members of the government. on arriving in downing street tuesday, he said the uk was facing a profound economic crisis , and made a point of saying that he d repair the damage caused by some of the policies of his predecessor liz truss. i will place economic stability and confident at the heart of this government s agenda. this will mean difficult decisions to come. he also named his new cabinet. there are a lot of changes butjeremy hunt will stay in the key post as chancellor. he was appointed just a few weeks ago after the failed mini budget. on monday, jeremy hunt is due to deliver a much anticipated statement on the government s tax and spending plans, along with analysis from the office for budget responsibility. joining me now is melanie baker senior uk economist at royal london asset management. there are some rumours that this fiscal event on 31 october
care workers out of theirjobs. it s the late, late show at old trafford, as an injury time winner earns manchester united victory in the europa league, which keeps alive their chances of winning their group. we are live at king s cross station in london. say happy birthday to the world s most famous train, the flying scotsman, celebrating 100 years on our ways. and as we steam towards the weekend, expect a mishmash of cloud, sunshine and rain at times. sunday looking driver many. coming up. good morning. it s friday, the 14th october. our main story. the chancellor kwasi kwarteng has cut short his visit to the us to hold urgent talks with the prime minister, as pressure mounts on the government over its mini budget. liz truss is facing intense pressure to reverse her tax cutting plans, in a bid to reassure both the financial markets and her own party. frances read reports. behind closed doors in downing street, everything is back on the table. billions of pounds of borrowing